Why XRP Is Falling Despite Pro-Crypto SEC Leadership
Ripple’s native token, XRP, is taking an unexpected nosedive, defying the broader crypto market’s positive trend. This dip is particularly surprising given the appointment of a pro-crypto SEC Chair nominee by Donald Trump—a move expected to uplift the token’s trajectory.
Is a Pro-Crypto SEC Chair Enough?
Ripple has been embroiled in a legal battle with the SEC since 2020, accused of raising $1.3 billion through unregistered XRP sales. While Ripple scored partial victories, a definitive resolution remains elusive.
The lawsuit reached a pivotal moment this summer when Ripple was ordered to pay $125 million to settle. However, the SEC, led by Gary Gensler, appealed, delaying closure yet again.
Then came Trump’s presidential win on November 5, 2024, and Gensler’s resignation announcement, paving the way for Paul Atkins—a known crypto advocate—as the new SEC Chair. This development, initially bullish, appears to have faltered in sustaining XRP’s momentum.
What’s Behind XRP’s Decline?
XRP’s rollercoaster journey saw it surge from $0.60 to nearly $3 in anticipation of Trump’s pro-crypto agenda. But, in a single day, XRP fell 12%, dipping below $2.30 and shrinking its market cap to $130 billion, slipping below Tether in rankings.
The likely culprit? The classic “buy-the-rumor, sell-the-news” effect. Traders piled in on speculative gains but cashed out once the anticipated news materialized, triggering a sell-off.
What’s Next for XRP?
While the pro-crypto leadership at the SEC is a step in the right direction, XRP’s future hinges on two key factors: 1. The resolution of its legal battles. 2. The new SEC’s approach to crypto regulation.
The token’s recent slump underscores the unpredictability of crypto markets and the importance of measured investor behavior during high-stakes events.
Takeaway for Investors
This downturn is a reminder of crypto’s volatile nature. For those eyeing long-term gains, XRP’s trajectory will be shaped by regulatory clarity and how Ripple navigates its legal hurdles under a potentially crypto-friendly SEC.
Stay tuned as this story unfolds—XRP could still be a major player in the ever-evolving crypto landscape. #BURNGMT #CardanoFoundationHack #FanTokensRise
Weekly MACD crossed up, new long up trend, as I posted.
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Ethereum Price Prediction: Could $ETH Make You a Millionaire by 2030?
Ethereum ($ETH), the second-largest cryptocurrency by market cap, is not just a digital coin—it’s the backbone of DeFi, NFTs, and the entire Web3 ecosystem. With Ethereum 2.0 and ongoing upgrades, its potential over the next decade is staggering. If you’re wondering how much Ethereum could be worth by 2030, this breakdown will keep you at the edge of your seat!
Key Drivers of Ethereum’s Future Price Surge
1️⃣ Ethereum 2.0 and Scalability The transition to Proof-of-Stake (PoS) and the implementation of sharding are game-changers. Lower fees and faster transactions are set to bring in enterprise users and millions of new adopters, especially by 2025.
2️⃣ Institutional Adoption Big players love Ethereum for its dominance in DeFi and NFT markets. With hedge funds and corporations jumping in, Ethereum is becoming an institutional favorite, driving its long-term value.
3️⃣ Layer-2 Explosion The rise of Layer-2 scaling solutions will make Ethereum even more accessible, onboarding millions of users while reducing congestion on the main network.
4️⃣ Regulations: The Deciding Factor Favorable global regulations will bring legitimacy and confidence, enabling Ethereum to thrive. A regulated ecosystem could unlock massive capital inflows.
Ethereum’s Price Journey: 2025 to 2030
2025: ETH Crosses New Heights
Price Prediction: $5,000 – $7,500 With Ethereum 2.0 fully integrated, low gas fees and blazing speeds could attract corporations, game developers, and NFT platforms. Institutional demand could push ETH beyond its previous all-time high.
2026: Consolidation Period
Price Prediction: $7,000 – $9,000 Ethereum’s maturing ecosystem will solidify its position as the go-to platform for DeFi and decentralized identity projects. Expect steady growth as adoption expands into traditional finance.
2027: Breaking the $10,000 Barrier
Price Prediction: $9,000 – $12,000 Technological advancements like quantum resistance or enhanced privacy protocols could drive Ethereum into uncharted territory. This could be the year ETH breaks the $10,000 mark, fueled by global adoption.
2028: Blockchain Integration Everywhere
Price Prediction: $12,000 – $15,000 From smart cities to IoT and AI, Ethereum’s role as the “world computer” will dominate Web3 development. Governments and enterprises integrating blockchain could skyrocket ETH’s value.
2029: Next Bull Run in Sight
Price Prediction: $15,000 – $18,000 As global markets prepare for another bull run, Ethereum could see an influx of capital, with decentralized infrastructure becoming the backbone of economies.
2030: Ethereum as the Backbone of Digital Economies
Price Prediction: $18,000 – $25,000 By 2030, Ethereum could fully dominate decentralized digital economies, hosting an ecosystem of dApps, financial systems, and Web3 tools. With mass adoption, $20,000 ETH might become the norm.
Risks to Watch Out For
1️⃣ Rising Competition: Blockchains like Solana, Cardano, or new entrants could challenge Ethereum’s dominance. 2️⃣ Regulatory Uncertainty: Strict regulations could dampen adoption. 3️⃣ Technological Delays: Any hiccups in upgrades or vulnerabilities could hurt investor confidence.
Final Thoughts
Ethereum isn’t just a cryptocurrency—it’s an ecosystem shaping the future of finance, gaming, and the internet. While risks remain, its leadership in DeFi, dApps, and Web3 innovation makes it a prime contender for long-term growth.
If you’re ready to invest in Ethereum, the time to act is now—don’t wait for $ETH to cross $10,000 to start thinking about its potential. Stay informed, manage your risks, and let Ethereum guide you toward financial freedom! #COSSocialFiRevolution #BTCBreaks100K? #SOLHitsATH
As per the article I wrote weeks ago, weekly MACD on ETH just crossed…. Long up trend starting.
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Leveraged Bets On Ethereum Soar: What This Means For Traders and Investors
The Ethereum (ETH) market may now be heading for a significant shift in momentum as its derivatives market continues to exhibit unprecedented growth.
Particularly, while Bitcoin’s price action remains a dominant force in the market, Ethereum’s derivatives activity suggests that it could be gearing up for notable upward momentum.
New Highs In ETH Open Interest And Leverage Ratios
According to a recent analysis by CryptoQuant’s EgyHash, the open interest in Ethereum has surpassed its previous all-time high, marking a 40% increase in just four months and exceeding the $13 billion threshold.
The surge in open interest, which represents the total number of outstanding derivative contracts, reflects a growing engagement among traders and institutions in Ethereum’s market.
Alongside this, EgyHash also mentioned that funding rates have turned moderately positive, signalling that long-position traders are currently dominant. This aligns with a sentiment favouring further price increases for ETH in the short term.
The rise in open interest is not the only indicator of Ethereum’s increasing activity in derivatives markets. The CryptoQuant analyst pointed to Ethereum’s estimated leverage ratio.
EgyHash disclosed that this metric which is calculated as the ratio of open interest to the exchange’s coin reserves, has also reached a new all-time high of +0.40.
Commenting on what these rising metrics means for market participants, the CryptoQuant analyst wrote:
While these trends underscore positive market sentiment toward ETH, it would be prudent to remain mindful of potential risks. The elevated leverage and dominance of long positions could increase the likelihood of a long squeeze if sudden price volatility occurs, potentially leading to market corrections.
Ethereum Market Performance
Regardless of the positive key metrics, Ethereum has continued to be one of the underperforming crypto in the market especially when compared to Bitcoin.
Particularly, while Bitcoin has consistently being breaching major resistance to hit new highs, ETH still remains 36.2% decrease away from its all-time high of $4,878 registered in 2021.
However, as of today, the asset seems to be gearing up for an uptrend. At the time of writing, Ethereum has surged by 0.9% in the past day with a current trading price of $3,112.
Renowned analyst known as Ali on X has recently shared his outlook on the asset noting that Ethereum could outperform Bitcoin soon. The analyst backed this statement citing several key metrics and trends.
According to Ali, the altseason indicator is flashing buying opportunity and ETH’s MVRV momentum nears a key moving average suggesting significant upside potential.
The analyst also mentioned the spot exchange-traded flows (ETF) Inflows and increasing whale Activity. Ali then suggested that Ethereum could test $4,000 and $6,000 levels based on an ascending parallel channel. He also highlighted a bullish theory on ETH’s potential to hit $10,000.
But there is another bullish theory!#Ethereum could be mirroring the price action of the S&P500, which puts a $10,000 target on $ETH.https://t.co/ifn1zGnn9x
— Ali (@ali_charts) November 19, 2024
Featured image created with DALL-E, Chart from TradingView
Source: NewsBTC.com
The post Leveraged Bets On Ethereum Soar: What This Means For Traders and Investors appeared first on Crypto Breaking News.
💎 ETH/USDT Technical Analysis: Eyeing the Next Move 💎
Ethereum is currently trading at $3,109.69, sitting at a pivotal point that could define its short-term trend. The market is consolidating within a tight range, signaling that a breakout might be around the corner.
📊 Key Levels to Monitor:
Resistance: The immediate resistance lies at $3,150, a critical barrier that, if breached, could push ETH toward the next target at $3,200.
Support: On the downside, strong support is found near $3,070, with further backing at $3,000, where buyers are likely to defend aggressively.
🎯 Entry Strategy:
Bullish Setup: Look for a breakout above $3,150, targeting $3,200 or higher. Place stop-loss orders below $3,100 to manage risk.
Bearish Setup: Consider entering short positions if ETH faces rejection at resistance, aiming for the $3,070 support, with stop-loss above $3,160.
⚡ Market Dynamics: With Ethereum trading near a key level, a surge in volume and momentum could confirm the next directional move. Stay patient and wait for clear signals—ETH is gearing up for its next action-packed ride!
ELECTION WARNING: Ethereum WEEKLY MACD Watch - Potential Bullish Signal in the Making
$ETH #TraderAlert #Ethereum Weekly MACD Watch: A Potential Bullish Signal in the Making. As I posted a month ago, this is a compelling event to watch for ETH.
For cryptocurrency #traders enthusiasts, especially those with a keen eye on Ethereum ($ETH ), the Moving Average Convergence Divergence (MACD) indicator is one to keep on your radar—specifically, the weekly chart. The MACD is a popular technical tool used by traders to understand the momentum of an asset. In simpler terms, it's a gauge
I'm still watching for the Weekly MACD to crossed for a new long UP tread, read below for more. #ETH🔥🔥🔥🔥 #MACD #WeeklyChart
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Ethereum WEEKLY MACD Watch: A Potential Bullish Signal in the Making
#Ethereum MACD Watch: A Potential Bullish Signal in the Making For cryptocurrency enthusiasts, especially those with a keen eye on Ethereum ($ETH), the Moving Average Convergence Divergence (MACD) indicator is one to keep on your radar—specifically, the weekly chart. The MACD is a popular technical tool used by traders to understand the momentum of an asset. In simpler terms, it's a gauge that helps to spot potential trend reversals, making it particularly useful for long-term investors and traders alike. Current Situation At the moment, the weekly MACD for Ethereum is still in negative territory. However, the key thing to watch is that it seems to be showing signs of redressing, edging closer toward a potential bullish crossover in the coming weeks. This could signal a positive shift in #ETH’s momentum, as history has shown that when the MACD crosses into positive territory, significant price rallies often follow. A Look Back: Week of October 29, 2023 To give some context, let’s rewind to the last time the MACD on Ethereum’s weekly chart made a positive crossover. On October 29, 2023, ETH’s value was sitting around $1,850. After this bullish signal, the price of Ethereum surged, reaching a peak of $4,093 by early March 2024. That’s a remarkable 121% increase in just under five months. Why It Matters Now As Ethereum's MACD approaches another potential crossover, there’s a growing sense of anticipation in the market. While the MACD doesn’t guarantee a future rally, it has historically been a reliable indicator of upcoming trend changes. If a similar pattern emerges this time, those holding or planning to enter Ethereum may want to stay alert. However, it’s crucial to note that the crypto market remains highly volatile, and other factors such as macroeconomic conditions, regulatory developments, and Ethereum’s ecosystem updates can all influence price movements. Final Thoughts For those keeping a close eye on Ethereum, watching the MACD on the weekly chart could provide valuable insights into potential price movements. The indicator's past performance shows that significant price increases often follow a positive MACD crossover. Whether history repeats itself remains to be seen, but with the right combination of market conditions and technical indicators, Ethereum could be on the brink of another major rally. Stay tuned and always practice caution, as technical signals are one piece of the broader trading puzzle. $ETH
Ethereum WEEKLY MACD Watch: A Potential Bullish Signal in the Making
#Ethereum MACD Watch: A Potential Bullish Signal in the Making For cryptocurrency enthusiasts, especially those with a keen eye on Ethereum ($ETH ), the Moving Average Convergence Divergence (MACD) indicator is one to keep on your radar—specifically, the weekly chart. The MACD is a popular technical tool used by traders to understand the momentum of an asset. In simpler terms, it's a gauge that helps to spot potential trend reversals, making it particularly useful for long-term investors and trad
💥🚀Ethereum ($ETH ) Eyes New Rally as MACD Turns Positive🚀💥 Ethereum (ETH) is showing promising signs of upward momentum as the 4-hour MACD has just crossed into positive territory. This technical indicator is often viewed as a signal that a new short-term uptrend is beginning, potentially setting the stage for ETH to target the $2800 - $3000 range in the near future. The 4-hour MACD crossing up is a key development, suggesting that the recent consolidation phase may be over, opening the door
🚀Unveiling the Future of #XRP : Breaking Resistance and Potential #xrpetf Launch🚀 Currently, XRP is facing resistance at $0.63. Once this barrier is surpassed, the next resistance levels are projected at $0.93 to $1.02, with further resistance at $1.35-$1.40 before potentially reaching its all-time high of $1.96. When will this happen? The value of the XRP token is tied to its growing utility, which could unlock its potential value. Moreover, the idea of an XRP ETF is gaining traction. #Ripple CEO Brad Garlinghouse recently stated that an XRP ETF is "inevitable." Share your thoughts, and let's discuss our perspectives. Interestingly, when #BlackRock 's Larry Fink was asked about the possibility of an XRP ETF, he responded that he couldn't discuss it. Personally, I think if BlackRock wasn't considering it, he would have simply said "No." Could this be a subtle "Yes"? The speculation is that BlackRock might be working on an XRP ETF. Let's keep the conversation going and explore the exciting possibilities for $XRP - Comment and Share.
💥Bitwise CIO Foresees Major Impact of Spot #EtheruemETF 💥 On July 17, BlockBeats reported that Matt Hougan, the CIO of Bitwise, believes the introduction of spot #ETF will have a profound effect on #Ethereum (ETH), potentially more so than on Bitcoin. $ETH (read below)
Hougan predicts that the launch of an Ethereum ETF will trigger significant price volatility in the first few weeks. This fluctuation is expected as funds may shift from the $11 billion Grayscale Ethereum Trust (ETHE) during its transition to a spot ETF. Despite the anticipated volatility, Hougan is confident that ETH will exceed $5,000 💰 by the end of the year, marking a new all-time high. He added that if the inflows surpass expectations, the price could climb even higher.
#EtheruemETF #ETH CONFIRMED STARTING JULY 23!!! Exciting #News for #Crypto Enthusiasts! According to Nate Geraci, president of The ETF Store, Inc., the highly anticipated first #Ethereum ETF will begin trading this week. The ETF Store, Inc. is a fee-based investment advisor known for offering clients low-cost, diversified portfolios primarily made up of Exchange Traded Funds (ETFs). Geraci announced that issuers are gearing up for the launch, marking a significant milestone in the crypto investment landscape. Stay tuned for more updates! $ETH
#Xrp🔥🔥 What about an #XRP_ETF ? 😇 Exciting developments are unfolding for #Ripple and Beoble in the crypto space. Beoble, a #Web3 social platform, recently completed a $3 million funding round. The funds will enhance user experiences, develop new features, and initiate buybacks. On May 29, Beoble also revealed that Ripple participated in another funding round, aiming to launch services on the XRP Ledger (#XRPL ) for secure, decentralized wallet-to-wallet communication. Meanwhile, Ripple ($XRP )
has shown strong market performance. After finding support at $0.42, XRP surged past significant resistance levels, including the 200-day moving average (MA) at around $0.54. This bullish momentum was driven by increased buying interest near the $0.42 support region, leading to a breakout above the multi-month descending channel’s middle boundary and reclaiming the 100-day MA at $0.50. Currently, XRP faces substantial resistance at the $0.54-$0.55 range, where selling pressure is high. Breaking above this level could lead to a sustained bullish trend towards $0.60. However, a consolidation period is expected in the mid-term due to potential supply near this critical level. On the 4-hour chart, XRP's bullish trend was driven by demand near $0.40, resulting in a breakout above $0.48 and surpassing a multi-month descending trendline. Now, XRP encounters resistance around $0.58, a level that previously caused rejections. Successfully breaching this resistance could extend the bullish trend towards the $0.62 and $1.00 zone. These positive developments for Ripple and Beoble highlight the potential for growth and innovation in the crypto industry. Stay tuned as these exciting projects continue to evolve and drive the market forward! $XRP 😀
#Xrp🔥🔥 🚀 Could XRP Surge Above $1.00 Soon? 🚀 Excitement is building within the crypto community as we watch Ripple's ongoing lawsuit with the #SEC. Depending on the resolution of this case, we could see #XRP rapidly rise above the $1.00 mark.
Stay tuned and keep an eye on the developments, as the potential for XRP to break past $1.00 is within reach. #newsaboutxrp #Ripple💰 has been recognized as one of the top 250 fintech companies in the world, highlighting its continuous growth and impact in the digital asset sector. This recognition, published by CNBC and market research firm Statista, was based on a thorough analysis of key performance indicators (KPIs) from over 2,000 eligible organizations between March and May 2024. Ripple was honored in the digital assets category, which includes companies providing platforms and tools for accessing and utilizing digital assets and blockchain-based applications like cryptocurrencies and non-fungible tokens (NFTs). This is the second year in a row that Ripple has been acknowledged for its significant influence and ongoing expansion in the digital asset industry. Ripple President Monica Long expressed her excitement and gratitude on X, noting that making the list again is a testament to Ripple’s momentum among the world’s leading global financial institutions. Looking ahead, Ripple aims to build on its current success by expanding the adoption of its solutions and establishing new partnerships worldwide. Recently, Ripple introduced a new 'Try It' feature in its Payments #API documentation, enabling developers to test API requests in real-time without logging in or using real funds. Additionally, in June, Ripple and Archax, the U.K.’s first Financial Conduct Authority-regulated digital asset exchange, announced an extension of their existing collaboration. This extension is expected to bring hundreds of millions of dollars of tokenized real-world assets (RWAs) into the XRP Ledger (#XRPL ). Furthermore, the launch of Ripple's stablecoin, #RLUSD , is anticipated later this year.$XRP
With the macroeconomic environment gradually stabilizing and increasing institutional interest in cryptocurrencies, the sentiment around #Ethereum is increasingly positive. The potential approval of an Ethereum
$ETH #ETF could act as a significant catalyst, drawing in new investors and pushing prices higher. 😇 While market conditions can be unpredictable, the technical and fundamental indicators for Ethereum are aligning in a way that suggests the possibility of a return to its all-time high. As always, it's essential to do your own research and consider the risks involved, but the outlook for ETH is undoubtedly promising.
Let's keep an eye on these developments and see how Ethereum's journey unfolds!
How unreliable is the #Paxos $PAXG ! Gold at $2090 and token price at $2018 not tracking the price of #GOLD as it should be, that company LOST my trust. #Binance in should delist this to help its customers not to get trapped in this. #Stablecoins $ETH $USDT $USDC