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XRP Price Prediction For December 19 XRP’s price is currently trading between two key levels: strong support around $2 and resistance between $2.90 and $3. This $3 level has been a tough barrier for XRP, and the price hasn’t yet broken down the overall bullish trend, despite some short-term pullbacks. Right now, XRP is in a sideways consolidation phase, and it appears to be staying within this range for the time being. Key Fibonacci Levels The key Fibonacci levels have been met, but there could still be a small dip before any further upward movement. The price has maintained an overall bullish trend, with the possibility that the price bottomed around $1.90 in 2020, and we’re now seeing an upward movement that could continue. Bullish Flag Breakout According to analyst Josh of Crypto World, XRP recently broke out from a bullish flag pattern, signaling short-term upward movement. Even with a small pullback, the price is still above the breakout point, meaning those who entered the trade are still in profit. The price target for this breakout is around $3.80, which suggests a potential 47-48% increase from current levels. Resistance Levels to Watch However, resistance levels remain important. If XRP hits the $2.90-$3 range, it could struggle to move higher. Therefore, while the bullish target is in play, other factors need to be considered. Short-Term Support and Resistance XRP is bouncing from short-term support around $2.50. If it falls below this level, the next support is around $2.38. The analyst said that a drop below $2.38 would invalidate the current bullish outlook. It is important to note that at the time of writing, XRP is trading at $2.36 level. Short-term resistance to watch includes levels around $2.70, $2.78, and $2.85. If XRP breaks these levels, it could face more resistance near $2.90-$3. Conclusion Overall, XRP is still stuck in its current price range, with no clear breakout yet. #XRP_ETF #XRP #Cryptocurrency #CryptoMarketTrend #CryptoNews
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XRP Price Prediction For December 19
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Chainlink Price Prediction: How LINK Will React To 529K Withdrawal By Whale Chainlink (LINK) price faced a possible short-term pullback as its risk factor reached a peak, leading to a prediction of reversal before another surge. At the same time, a whale withdrawal worth $15.5 million raised speculation about future market movements. Additionally, technical analysis highlights a bullish breakout pattern, suggesting Chainlink could climb toward the $35 mark, representing a significant upside. Chainlink Short-Term Risk Reaches Peak, Reversal Expected Before Next Surge The short term risk on LINK has reached extreme levels, indicating that LINK is likely at a local price top. This comes as analysts point to recent spikes in volatility and price momentum, both of which usually presage a pullback. Generally, the market will need to consolidate at an increase in risk before the next big move upwards. Chainlink price and risk metrics are starting to back off from their highs as the reversal is already in effect. It’s how most market cycles have played out boom, asset prices skyrocket, then stabilization. As per Chainlink price prediction by analysts, his cooling-off period will give a stronger foundation for a sustainable price rise. This short-term dip or sideways trend will help Link reset before the uptrend continues. Traders should expect the asset to consolidate and stabilize and to provide a better entry opportunity. Once this phase wraps up, analysts are expecting Chainlink to start moving in its next bullish leg due to regained momentum and faith from investors. Within 3 days, Whale Withdraws Over $15.5M in Chainlink from Binance As it turns out, a major Chainlink whale has withdrawn some over 529999 LINk worth about $15.5 million from Binance in the last three days. Just six hours ago, 100,000 LINK was withdrawn for $2.95 million, the latest withdrawal. Speculation has raged across the crypto community about what the whale’s intentions were with this large-scale movement. #Chainlink #ChainlinkUpdate #LINK #Cryptomarket #CryptoNews
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Chainlink Price Prediction: How LINK Will React To 529K Withdrawal By Whale
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Donald Trump’s Executive Order to Establish Strategic Bitcoin Reserve Drafted The Bitcoin Policy Institute has drafted the executive order to establish a strategic Bitcoin reserve under the United States Treasury’s Exchange Stabilization Fund (ESF). The draft aims to position Bitcoin as a national strategic asset for the U.S. under President Donald Trump. The proposed order outlines measures to ensure the United States remains competitive in the evolving global digital economy. Notably, this policy requires approval and signing after Donald Trump’s inauguration to take effect. Details of The Bitcoin Reserve and Policy ObjectivesThe executive order emphasizes integrating Bitcoin into the U.S. financial system to strengthen economic security and global leadership. According to the draft, Bitcoin’s decentralized and limited supply characteristics make it a valuable asset comparable to digital gold. The proposal recommends designating Bitcoin as a strategic reserve asset within the ESF to diversify holdings, attract innovation, and promote domestic industry growth. Under the draft’s provisions, the Treasury Secretary would oversee the creation of a Strategic Bitcoin Reserve (SBR), with an allocation of $521 billion for Bitcoin acquisition. The proposal mandates that all Bitcoin held by federal agencies, such as the U.S. Marshals Service, be consolidated into the SBR within seven days of the order’s issuance. Notably, it prohibits the sale of any Bitcoin from this period. Additionally, the draft directs the Treasury to implement a detailed acquisition plan within 60 days to establish the United States as a global leader in Bitcoin holdings and innovation. Safeguarding Bitcoin Holdings The draft order includes stringent measures to ensure the security of Bitcoin reserves. Initial custody of Bitcoin would rely on reputable third-party custodial service providers while the Treasury develops a robust self-custody framework. #DonaldTrump #StrategicBitcoinReserve #USACryptoLaw #cryptomarket #CryptoNews
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