On September 4, 2024, Ripple (XRP/USD) showed promising signs of a bullish setup. Analysts have been tracking this development closely, especially following a key announcement from Grayscale about launching the first U.S. XRP Trust. This development has fueled speculations of a potential XRP ETF, leading to renewed optimism among investors.
Technical Analysis Overview
Ripple has been forming a clear bullish setup, with a significant leg up observed in the subwave "i". This was followed by an a-b-c corrective pullback in wave "ii", which found strong support at the $0.50 level. This level has become a critical area of interest, as the price action is now bouncing back from this support zone.
The next major target is a bullish continuation toward wave "iii", which is expected if XRP/USD can break above the channel resistance and the $0.66 region. This would indicate further momentum to the upside.
Four-Hour Chart Analysis

The four-hour chart of XRP/USD presents a strong recovery from the $0.50 support level. This recovery, which formed a clean five-wave pattern, is a positive sign for bullish traders. Such a wave formation is often a strong indicator of an upcoming upward trend, suggesting that the bulls are gaining control.
However, there could be a short-term pullback before more gains are realized. The analysis suggests that XRP may undergo an a-b-c pullback in wave (ii), potentially retesting the $0.55–$0.54 support area before another rally occurs.
One-Hour Chart Insights
On the one-hour chart, the technical outlook remains bullish, but short-term traders should watch for the potential pullback. This correction could offer a good entry point for those looking to catch the next leg up in Ripple's price movement.
What to Watch Next
Investors should closely monitor the price action in the coming days, particularly the key resistance levels mentioned. If Ripple breaks above the $0.66 region, it could signal a strong bullish breakout, paving the way for more significant price increases.
For those interested in a deeper dive into the technical analysis, more insights were shared in a live webinar on September 16, 2024. Watching this analysis could provide additional clues about Ripple’s future price movement.
In summary, Ripple is showing signs of a bullish breakout, and with key support and resistance levels in play, traders should remain vigilant as the market unfolds.

According to the FBI, Americans lost over $5.6 billion to cryptocurrency fraud schemes in 2023, marking a 45 percent increase from the previous year. The FBI's report highlights that nearly 70,000 complaints were received from victims involved in scams related to bitcoin, ether, and other cryptocurrencies.
Investment fraud emerged as the most prevalent scheme, responsible for $3.96 billion of the total losses. Scammers exploit the decentralized nature of cryptocurrency, its irreversible transactions, and global transfer capabilities to perpetrate these crimes. They often initiate contact through dating apps or social media, building trust before recommending investment in fake cryptocurrency platforms. Early withdrawals of small amounts are sometimes permitted to lend an air of legitimacy.
Moreover, victims might be targeted again by fraudulent businesses claiming to assist in recovering lost funds. The FBI warns that individuals of all ages can fall prey to these scams and emphasizes the importance of skepticism when presented with investment opportunities from unfamiliar sources.
The sharp rise in crypto fraud losses underscores the urgent need for heightened awareness and vigilance. As cryptocurrency continues to grow, so do the tactics of those who exploit it for financial gain. Education on recognizing and avoiding such scams is crucial in safeguarding personal investments.
For more insights and updates on financial security and other important topics, follow and like our page to stay informed.

In a dramatic twist for the cryptocurrency world, Ethereum (ETH) is showing signs of a strong rebound, holding above the $2,100 mark and gaining nearly 4% in the past 24 hours. This resurgence comes amid a broader market shake-up and increasing speculation about institutional investments, particularly from heavyweight BlackRock.

Ethereum’s Current Position and Market Sentiment
As of September 10, Ethereum is witnessing a notable uplift despite an overarching downtrend that has dominated recent weeks. For the bullish trend to solidify, Ethereum needs to break past crucial resistance levels—$2,400 in the short term and ultimately $2,800 in the medium term. Despite this, ETH’s current stability is drawing attention, especially considering its recent performance and BlackRock's aggressive buying strategy.

Institutional Influence: BlackRock’s Strategic Stacking
One of the most compelling factors contributing to Ethereum’s current position is BlackRock’s significant accumulation of ETH. As of today, the asset management giant holds over 336,000 ETH, reflecting a strategic move that could potentially signal a bullish outlook for the cryptocurrency. This move aligns with broader institutional trends, which could imply a strong confidence in Ethereum’s long-term value.

Technical Analysis: What Traders Are Watching
From a technical perspective, Ethereum’s recent performance suggests that sellers still hold the upper hand, particularly if ETH struggles to close above $2,400. However, should Ethereum manage to surpass this resistance with robust trading volume, it could signal a breakout, potentially pushing prices toward $3,300 or even $3,500.
Traders should be cautious, with initial targets potentially revisiting $2,100 if the bearish trend persists. Nonetheless, a decisive, high-volume close above $2,800 could set the stage for a major rally.

What’s Next for Ethereum?
For Ethereum to capitalize on its current momentum, traders should watch for high-volume movements and sustained breaks above critical resistance levels. With BlackRock’s substantial position in ETH and decreasing average gas fees contributing to overall market sentiment, Ethereum could very well be on the brink of a significant bullish phase.

Stay tuned and monitor the market closely. With the potential for major price movements, Ethereum is one to watch closely in the coming days. Whether you're a seasoned trader or just beginning, understanding these dynamics could offer valuable insights into the evolving landscape of cryptocurrency investments.