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The SEC’s closed meeting today may impact XRP’s price, with a case withdrawal fueling gains or prolonged litigation pressuring it.

XRP’s key support at $2.70 remains crucial, with a sustained hold above it signaling a bullish move toward $4.83 and higher.

Analysts highlight XRP’s six-month close above the Bull Market Support Band, reinforcing strong long-term momentum.

The ongoing legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple is a key to XRP’s price. Today, January 30, the SEC will hold a closed meeting, with Acting Chair Mark Uyeda and Commissioner Hester Peirce. 

BREAKING:

TOMORROW ON JANUARY 30 NEXT CLOSED SEC MEETING!

LAST TIME MARK UYEDA REMOVED SAB 121 – THIS TIME PREPARE FOR ANYTHING! #XRP pic.twitter.com/9g9rcEFncJ

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) January 29, 2025

The meeting follows the SEC’s appeal related filing on January 15, five days before Gary Gensler stepped down as SEC Chair. President Trump nominated Paul Atkins for the position, with Mark Uyeda serving as Acting Chair. 

Both share a more market friendly stance on crypto regulation. A decision on the SEC’s appeal will influence XRP price movements, with a withdrawal potentially driving new highs, while continued litigation could pressure the price downward.

XRP Current Market Performance

At press time, XRP was trading at $3.12, up by 0.48% in 24 hours, reversing a 0.50% decline from January 29. The market cap is at $179.51 billion, a 0.46% increase. Analysts predict that in the coming months, XRP may be extremely bullish. 

Bullish and Historical Perspectives

Egrag Crypto is bullish on XRP, emphasizing the importance of the monthly close above $3.10. He notes that buyers have consistently defended levels below $3, similar to past accumulation phases. 
#XRP – Shooting Star #Bearish (Update)

Candle Monthly Close:
We have just 1 day and 18 hours until the monthly candle closes! So far, the #Bulls are eagerly scooping up every dip below the $3 mark, reminiscent of their determination around the $2 region when they absorbed… https://t.co/HZLAkLPdeK pic.twitter.com/SPGtOPcrrQ

— EGRAG CRYPTO (@egragcrypto) January 30, 2025

If XRP maintains this momentum, February could witness increased buying pressure. Additionally, Egrag Crypto points to volume patterns, comparing the SEC lawsuit period with the current market. A substantial volume spike is needed before considering a cycle peak.

In a historical context, Egrag Crypto notes that XRP is closing a six month candle above the Bull Market Support Band (BMSB) for the first time. This suggests strong long term momentum, with the lower boundary of the BMSB at $2. 
#XRP – 6-Month Chart (Mind-Blowing Historical Candle Analysis):

Let me dissect this chart and break it down into three key sections.

1⃣ #XRP Breaks Above the Bull Market Support Band (BMSB) for the First Time!
For the first time ever, #XRP is closing a six-month candle… pic.twitter.com/1e0ANOq9hj

— EGRAG CRYPTO (@egragcrypto) January 29, 2025

He argues that, under normal conditions, XRP is unlikely to fall below this level. However, global uncertainties, such as cybersecurity threats or economic crises, could impact market trends negatively.

Key Support and Resistance Levels

According to analyst Rose, XRP has completed a compression pattern and maintained strong support at $2.70. This level remains important, as further accumulation could lead to an upward move toward $4 and above.

Source: Rose

A breakout from a downward pattern has shifted momentum to a bullish phase. If XRP sustains its position above this support, targets of $4.83 become achievable. However, a drop below this key level could lead to further declines. 

The recent rejection from a local high signals selling pressure, but the market pattern remains optimistic. Analysts emphasize monitoring volume and support levels for further confirmation of bullish trends.

The post XRP Price Analysis: Will Ripple Spark a Comeback? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

$SUI /USDT Short Trade Signal! 🔥💯

Current Price: $4.1041

Key Resistance: $4.1500 - $4.2000 (Strong supply zone)

Entry Zone: $4.1200 - $4.1500 (Look for rejection or bearish confirmation)

Target 1: $3.9500 (First support level)

Target 2: $3.8000 (Stronger support)

Stop Loss: $4.2500 (Above resistance)

Trade Details

✅ Wait for a bearish rejection at $4.1200 - $4.1500 before entering.
✅ A rejection at resistance could push price toward $3.9500 and $3.8000.
✅ Monitor 4H & 1H charts for confirmation with volume analysis.
✅ If price breaks above $4.2500, exit to minimize risk.

Risk Management

🔹 Maintain a 2:1 risk-to-reward ratio.
🔹 Adjust stop loss if price consolidates near resistance.

Momentum Indicators

📉 RSI near overbought could signal exhaustion.
📉 Decreasing volume at resistance strengthens bearish bias.

Pro Tip

🚨 Watch BTC’s movement, as sudden volatility can impact $SUI.

Stay sharp and trade safe! 🚀

$SUI
{future}(SUIUSDT) #FedHODL #VVVonBinance #DeepSeekImpact #MicroStrategyAcquiresBTC #JUPBuybacks

🚨 BREAKING: DeepSeek’s Internal Database Hacked—Sensitive Data Exposed! 😱💥

In a shocking revelation, DeepSeek, the rapidly rising Chinese AI startup, has suffered a significant security breach that has left its internal database exposed. This incident raises serious concerns about data privacy and security in the AI industry! 🔒

Key Details: 📝

• Database Exposure: DeepSeek’s ClickHouse database was left open to the internet without proper security measures, allowing unauthorized access to sensitive information. 📊

• What Was Compromised: The breach exposed over 1 million log lines, including chat histories, API keys, and backend service details. This kind of data could be exploited by malicious actors for various harmful purposes. 💔

• Immediate Response: DeepSeek has since secured the database and is investigating the extent of the breach. They have acknowledged the issue and are working to prevent future vulnerabilities. 🔍

Why This Matters: ❓

• Risks to Users: The exposure of sensitive data poses significant risks to users, including potential identity theft and unauthorized access to accounts. Users must remain vigilant! ⚠️

• Industry Implications: This incident highlights the urgent need for stronger cybersecurity measures in the rapidly evolving AI sector. As AI technologies grow, so do the risks associated with inadequate security practices. 🌐

Moving Forward:

DeepSeek’s breach serves as a critical reminder for all tech companies about the importance of robust security protocols. As they work to recover from this incident, the focus must shift towards safeguarding user data and restoring trust in their services.
#BinanceAlphaAlert #ai #SecurityFirst

The Fed, which left interest rates unchanged last night, asked about cryptocurrencies until the end of the press conference. The #Fed chairman said, "This should be done constructively."
The US Federal Reserve (Fed) went crazy yesterday with the interest rates it has been reducing in the last 3 years. As expected by the markets, interest rates were kept constant at 4.25%-4.5%.
The markets were curious about the Fed leaving interest rates, but #Powell 's fixed words were. Powell stated that he was determined about the 2% inflation target, and said that they would not be in a hurry to reduce interest rates. The Fed chairman also said that he would not respond to Trump's words, "I know the economy well."
Powell: We Have Not Met
At the end of the press conference, Powell was also asked about his perspective on cryptocurrencies and the steps of the new government. Powell stated that this job increases the performance of banks more accurately:
"As the Fed chairman, of course I would prefer banks to do this job. We are not against innovation and technology. However, they should do this after completing the necessary economic risk measures”
Powell also stated that a more effective regulatory system would be provided in the crypto world and would create a much better environment. #FedHODL #MicroStrategyAcquiresBTC #TrumpCryptoOrder

The Federal Reserve has kept interest rates steady at 4.25%-4.50%, matching market expectations in its first policy announcement of the year. Meanwhile, Bitcoin (BTC) has surged past $103K! How do you think the Fed's decision will impact the crypto market? Share your insights and predictions with the community!

Create a post with #FedHODL or the $BTC cashtag and check-in to earn Binance points.

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