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CATEGORY: coinmarketcap

Bitcoin dips below short-term holder realized price, sparking $60K fears
Author: Cointelegraph by Ciaran Lyons
United States
Source: Cointelegraph.com News
Jun 23, 2024 12:00

Bitcoin dips below short-term holder realized price, sparking $60K fears

Bitcoins price briefly dipped below a critical level for traders, sparking fears that a further correction toward $60,000 might be on the horizon.

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XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 10, 2025 12:10

XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge

XRP analyst Egrag Crypto, who is well-known for offering bullish predictions about the altcoin, has now drawn the crypto communitys attention to another altcoin, XDC. The analyst predicts this crypto token could also witness a remarkable surge and enjoy up to a 3,350% gain as bullish metrics emerge.  XDC To Rally To $2 As Indicators Turn Bullish In an X post, Egrag Crypto stated that XDC will rally to $1 and then easily surge to $2. This came as he remarked that the altcoins chart looks amazing. First, the XRP analyst noted that the RGB (Red-Green-Blue) indicators perfectly align with the XDC token. Based on this, he asserted that the next move for the altcoin could be a 10x pump. Related Reading: Fartcoin Reaches Critical Make-Or-Break Level: Analyst Reveals What Could Happen From $0.77  This XDC price surge is expected to target the Fibonacci levels between 1.414 and 1.618, rallying to between $0.50 and $0.80. The XRP analyst remarked that this is still below the previous cycles blow-off top, when the token soared by 3,350%. He expects XDC to replicate this explosive move, potentially surging to the $2 target.  The XRP analyst alluded to the Stochastic Relative Strength Index (SRSI) as another bullish indicator. He revealed that the SRSI is waving bullish signals. The analyst admitted that there is still a long road for XDC to reach and sustain RSI levels above 80, but claimed that the momentum is definitely on the bulls side. In line with this, Egrag Crypto asserted that big moves could just be around for the altcoin.  The Bearish Angle For The Altcoin The XRP analyst also provided a bearish angle for the XDC price. He revealed that the 21 Exponential Moving Average (EMA) is on the verge of crossing below the 33 Moving Average. If that happens, the analyst warned that it could turn super bearish.  Related Reading: Altcoin Season In Danger If Bitcoin Dominance Closes April Above This Level However, he added that this crossover will most likely be avoided and that there could be a blow-off top before the inevitable retracement. The analyst also urged market participants to be attentive as the sharp move higher would come unexpectedly before a big crash to the downside.  From a fundamental perspective, XDCs outlook also looks bullish. The XDC network just officially joined the MiCA alliance, which is a major step forward in aligning blockchain innovation with regulatory clarity in Europe. The team stated that the network is deeply committed to compliance, transparency, and building long-term trust. Like Ripples offering using XRP for cross-border payments, XDC is a layer-1 that offers real-world applications like trade finance, cross-border payments, and RWA tokenization. At the time of writing, the XDC price is trading at around $0.07, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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XRP Price Repeating History? 2017-Like Rally To Send Price To $10
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 09, 2025 12:10

XRP Price Repeating History? 2017-Like Rally To Send Price To $10

Crypto analyst ArShevelev has raised the possibility of history repeating itself for the XRP price. If so, the analyst indicated that the altcoin could witness a 2017-like rally, which would send its price to double digits.  XRP Price To Reach $10 If History Repeats Itself In a TradingView post, ArShevelev predicted that the XRP price could reach as high as $10 if history repeats itself. He remarked that the current XRP chart screams déjà vu with the altcoins price action mirroring the 2014 to 2018 cycle. The analyst noted that XRP broke out from its 2014 all-time high (ATH) in 2017, leading to a massive rally. Related Reading: XRP Price Is Eyeing Another Breakout To $4: Analyst Says Watch This Level A similar setup is playing out for the XRP price, but with a twist. ArShevelev stated that XRP is struggling to break through the 2018 ATH resistance zone around $3.31, which he claimed reminded him of the breakout consolidation phase in 2017. The analyst added that this consolidation has historically led to a breakout, and the chart hints at a potential repeat. He affirmed that the price could witness a parabolic move if it breaks out soon, potentially targeting much higher levels. However, the analyst warned that the current resistance is a tough hurdle, and XRP might pull back to lower supports if it fails. ArShevelev also provided key levels to watch out for.  He highlighted $3.31 as the major resistance while $1.643 is the major support. The breakdown risk is $0.650, meaning the XRP price could still drop to last years lows. The analyst admitted that he isnt fully convinced about the setup but considers it intriguing. He added that this could be XRPs moment to shine.  The Altcoin Needs To Break Out Of Its Current Range Crypto analyst Ali Martinez recently highlighted the need for the XRP price to break out of its current range. In an X post, he stated that the key levels to watch are $2 and $2.26. The analyst added that a decisive close outside this range could set the tone for the next major trend.  Related Reading: XRP Price Breaks Above Magic Line With Bullish Continuation Toward $3 Martinez looks to be favoring a downtrend for the altcoin’s price in the short term. In another post, he stated that XRP could be due for a retracement, with the TD Sequential flashing a sell signal on the 3-day chart.  Crypto analyst CasiTrades also didnt rule out a possible correction for the XRP price. However, she claimed the altcoin could bounce off key supports to new highs, noting that momentum was building. She revealed that the RSI is showing signs of selling exhaustion on the lower timeframes, and the price action is beginning to compress. This often signals a bigger move is on the horizon.  At the time of writing, the XRP price is trading at around $2.17, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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The Big Short Coming For Bitcoin? Why BTC Will Clear $110,000
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 08, 2025 12:05

The Big Short Coming For Bitcoin? Why BTC Will Clear $110,000

Market commentator Miya has outlined an interesting theory on why the Bitcoin price is poised to hit $110,000 by the end of the year. The expert alluded to current macro conditions and how it is bound to favor the flagship crypto at the end of the day.  Why The Bitcoin Price Will Hit $110,000 In an analysis titled The Big Short against Retail, Miya predicted the Bitcoin price to reach $110,000 by the end of the year. At the same time, the expert expects the S&P 500 to drop to 4,700. She opined that the stock market is heading towards a bad summer, which is why she expects a lower low on the SPX but a pristine Bitcoin.  Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key Basically, Miya expects the Bitcoin price to benefit from any potential downtrend in the stock market, with investors viewing it as a flight to safety. She remarked that the market is heading towards a terrible macro situation, which could cause stocks to crash. These predictions came as the expert commented on the nine consecutive green days that stocks have enjoyed and why she believes it wont last long.  The market commentator noted that Donald Trump has made three main promises to the market: lower rates, tariffs, and taxes. These promises are expected to be kept, and she claims that the market is pricing them in as a sure thing. Traders are currently betting on a rate cut in June, while the US and China are set to meet to agree on a lower tariff. Lower taxes could come following a successful tariff policy.  Thanks to this, the stock market has been on a nine-day-long uptrend, while retail traders have made profits by buying the dip. However, Miya has warned that the market isnt as strong as it looks and could soon blow up, with the Bitcoin price benefiting when this projected crash happens.  Why The Stock Market Is Bound To Crash The expert noted that this false idea of up-only gives retail investors the illusion of complacency, as they do right now with their $57 billion bid on top of retail accumulated shares. However, she remarked that eventually, this will unfold with the containership recession trade hitting the US in five days. BTC is expected to be a hedge against this macro situation, which would lead to a Bitcoin price surge.  Related Reading: Bitcoin Price Falters: Why Has The 5th Wave Been Elusive Below $100,000? Miya explained that all the Magnificent 7 earnings in the last season have been massively skewed and were useless information, meaning they cannot be relied on to show a strong market. She added that TMT firms that manufacture physical hardware usually manufacture in waves, so the actual impacts will show up in their H2 capex over Q1 results, meaning the impact of tariffs hasnt exactly started kicking in.  At the time of writing, the Bitcoin price is trading at around $96,500, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

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Elliot Wave Theory Shows Where Bitcoin Is In This Cycle Bull Rally Over?
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 07, 2025 12:05

Elliot Wave Theory Shows Where Bitcoin Is In This Cycle Bull Rally Over?

Crypto analyst Tolimanu has used the Elliott Wave Theory to provide insights into where Bitcoin currently is in this market cycle. Based on his analysis, the bull run is not yet over, with the flagship crypto set to reach new highs.  Elliot Wave Theory Shows Bitcoins Current Position In This Cycle In an X post, Tolimanu noted that in Elliot Wave Theory, a 5-wave move up typically marks a primary trend, and an ABC correction is a natural retracement of that trend. Based on this, he stated that unless this Bitcoin correction breaks major long-term support levels, such a decline would typically set up the next higher-degree bullish phase.   Related Reading: LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000 On the bearish side, his accompanying chart showed that Bitcoin could still correct to as low as $73,969 on wave C of the ABC correction. However, as the analyst suggested, a hold above this support level could send BTC to new highs. Technical expert Tony Severino also recently warned that the Bitcoin price is in a precarious position. Despite the recent surge, he suggested that BTC is still in a bearish position. The expert remarked that if the daily momentum crosses bearish, it could prevent the weekly bullish crossover and pull the weekly LMACD below zero.  In another post, Severino noted that Bitcoins daily RSI failed to get above 70, which is a key trigger required for a bullish impulse. He remarked that failure at 70 the last time led to the most vicious leg down of the last bear market. He added that the entire bear market remained below 70. The technical expert also noted that in 2023, the two local tops did make it above 70, but it wasnt convincing enough, while in 2024, the entire corrective phase stayed below 70 on the RSI. Basically, Severino highlighted the importance of 70 on the RSI and how BTC is still in a bearish position.  BTC Looking To Fill CME Gaps Below And Above Crypto analyst Titan of Crypto revealed that Bitcoin is looking to CME futures gaps below and above its current price. The upside gap is between $96,480 and $97,300, while the downside gap is between $91,990 and $93,400. In another post, the analyst suggested that BTC might fill the downside gap before moving to the upside targets.  Related Reading: Bitcoin Price Confirmed Local Bottom As All Indicators Flash Bullish, Wheres Price Headed?  This came as he noted that the next key support for Bitcoin is the daily Fair Value Gap, which is around $90,000. The analyst added that a bounce from that zone is likely. His accompanying chart showed that the target on this bounce is $102,096. At the time of writing, the Bitcoin price is trading at around $94,300, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Major XRP Accumulation Alert: Wallets Holding Over 10,000 Coins Cross 300,000
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 07, 2025 12:05

Major XRP Accumulation Alert: Wallets Holding Over 10,000 Coins Cross 300,000

A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase.  XRP Whales On The Rise  In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem.  Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem.  Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price.  Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset.  In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish.  Whats Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit.  Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on.  At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 06, 2025 12:05

LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000

The Bitcoin price faced a rejection following its surge to $97,000 last week. Technical expert Tony Severino has commented on this development and alluded to the LMACD indicator, which has revealed what is next for the flagship crypto.  What Is Next For The Bitcoin Price After Rejection At $97,000 In an X post, Tony Severino stated that multiple BTC timeframe analyses using the LMACD indicator suggest that the Bitcoin price is in a precarious position. He remarked that if the daily momentum crosses bearish, it could prevent the weekly bullish crossover and pull the weekly LMACD below zero. This would cross the monthly LMACD back bearish.  Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key With several important timeframes in sync, Severino warned that market participants could see a more aggressive down move for the Bitcoin price. On the other hand, the technical expert noted that the daily LMACD diverging upward could cross the weekly bullish and avoid another monthly crossover, which could be bullish.  However, he suggested that a Bitcoin price decline is more likely at the moment, as the monthly LMACD is the most dominant of the three signals, which looks to hint at a downtrend. He added that this indicator also has the strength to pull the other timeframes with it. Severino failed to mention how low BTC could drop on this projected price decline.  Meanwhile, crypto analyst Ali Martinez also warned about a potential Bitcoin price decline. In an X post, he stated that BTC could soon pull back as the TD Sequential indicator is flashing a sell signal. The analyst warned that if Bitcoin loses the $94,765 support level, it could drop to as low as $90,000 or even $86,000.  How History Could Repeat Itself For BTC Crypto analyst Rekt Capital raised the possibility of the Bitcoin price repeating a similar move from last year. For history to repeat itself, he noted that BTC would need to reject from $99,000, hold above $93,500, break the $97,000 to $99,000 range, reject from $104,500, hold the $97,000 to $99,000 range as support, and then break out to new all-time highs (ATHs).  Related Reading: Bitcoin Price Confirms Breakout To $106,000 As Technicals Align Commenting on the current price action, crypto analyst Titan of Crypto noted that the Bitcoin price is pulling back to a key support confluence. He added that a strong reaction from this current zone would confirm that the upward trend remains intact. His accompanying chart showed that the $95,423 price level is the area to watch. Failure to reclaim this level soon enough could start a downtrend for the flagship crypto.  At the time of writing, the Bitcoin price is trading at around $94,700, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Machine Learning Algorithm Predicts Ethereum Price Crash To $1,500 After 4 Red Month Closes
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 04, 2025 12:05

Machine Learning Algorithm Predicts Ethereum Price Crash To $1,500 After 4 Red Month Closes

The Ethereum price could face another significant crash, as the machine learning algorithm, CoinCodex, predicts a sharp decline toward $1,500. After enduring four consecutive months of sideways trading and bearish closes, technical indicators and sentiment data are flashing warning signs of an impending correction in the coming weeks.   Ethereum Price Crash To $1,526 Incoming According to CoinCodex’s latest Ethereum price prediction, ETH is expected to decline by 16.47% over the coming weeks, potentially reaching $1,526.06 by June 2, 2025. This bearish projection comes amidst a turbulent market cycle in which investor sentiment and confidence have wavered due to rising macroeconomic pressures and unexpected declines in Bitcoin.  Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View Notably, Ethereums technical outlook continues to deteriorate as it just wrapped up its fourth consecutive monthly red candle. Cryptoranks data shows that Ethereum experienced a dip of 1.27% in January, followed by sharper losses of 32.2% in February and 18.4% in March. The downtrend continued into April, with the cryptocurrency closing the month in red with another 1.58% decline.  Despite brief intra-month rallies that saw its value rise sharply, Ethereum has consistently failed to sustain gains, closing each month with rising selling pressure and leading the wider market drawdown. CoinCodexs data further paints a grim picture, highlighting that the top altcoin has recorded 16 green days out of the last 30, signaling unstable market strength. Its price volatility, measured at 6.43%, also reflects a choppy market that lacks clear bullish conviction.  Moving forward, CoinCodex not only predicts that Ethereum could break down to $1,526 but also expects a steeper price crash to $1,447.96 by August 1, 2025. This would represent a decline of approximately 20.75% from current market prices. The machine learning algorithm has declared that broader market sentiment for ETH is currently bearish, implying that traders and investors still anticipate further corrections and limited upward momentum in the near term. Overall, this indicates a cautious outlook for Ethereums price prospects. CoinCodex Says Now Is A Bad Time To Buy ETH Given its bearish forecast for the Ethereum price, CoinCodex suggests that now may not be the best time to buy Ethereum. Interestingly, while investor sentiment remains cautious, the Fear and Greed index is at 65, reflecting a state of Greed and suggesting that market optimism may be outpacing the underlying bearish fundamentals.  Related Reading: Ethereum By End Of 2025: Why A Surge Over $4,000 Is Imminent Building on this, crypto whales are still buying ETH in droves, capitalizing on low prices despite the possibility of a continued downtrend. Recent reports reveal that a single whale purchased 30,000 ETH tokens worth approximately $54 million. With price momentum fading and macro uncertainty still high, ETH bulls may need to wait for market stabilization and clearer reversal signals before re-entering the market. According to CoinMarketCap’s data, the Ethereum price is currently trading at $1,827, marking a yearly decline of over 38%. Featured image from Unsplash, chart from Tradingview.com

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Analyst Discusses Bitcoin Price Path To Heighten Fear Factor
Author: Godspower Owie
United Kingdom
Source: NewsBTC
May 04, 2024 12:05

Analyst Discusses Bitcoin Price Path To Heighten Fear Factor

MilkyBull, a well-known personality in the world of cryptocurrency analysis, has drawn attention lately for his analysis of Bitcoin’s price trajectory and his prediction of a situation that might cause more fear in the market. MilkyBull’s analysis delves into the subtleties of Bitcoin’s movement, identifying patterns and trends that could have a big impact on investor mood.  Bitcoin Triggering Anxiety In The Market According to the analyst, the market will get even more fearful of the Bitcoin price path before it bottoms out and continues to rise. The analyst claimed that because of the current price of BTC, Blackrock iShares Bitcoin Trust (IBIT) saw its first-ever outflows since the approval of the Bitcoin Spot Exchange-Traded Funds (ETFs). Related Reading: Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone Furthermore, he reminded us that positive news always denotes the peak of a Bitcoin bull cycle, while negative news denotes the bottom. With this notion, investors could position themselves for the next trajectory BTC takes. To further explore his narrative, MilkyBull drew attention to a previous analysis regarding Bitcoin’s final local bottom in this cycle. Given that BTC is following the PA (Price Action) of 2017, MilkyBull believes that the crypto asset might have bottomed out or come close to it. Historically, the bull market support band strongly sustains the Bitcoin market in bull cycles. As a result, the analyst is confident that Bitcoin’s price may wick through the support and recover. Another aspect highlighted by the expert is the Global liquidity during past bull cycles. Presently, Global liquidity is closely linked to Bitcoin at a level where it recovered in October 2022 and October 2023, which led to the inception of a massive surge in the digital assets markets, sparking a massive surge in the whole cryptocurrency market.  With the macro volatility on Tuesday, MilkyBull stated that Bitcoin is at a pivotal juncture for the last local bottom before it resumes its rise to the cycle peak. Though the market does not always respond to such expectations, the majority of members in the crypto space are requesting a correction to $48,000. BTC Poised For A Breakout On The Upside Another crypto analyst Captain Faibik has also spotted the largest cryptocurrency asset undergoing a price recovery lately. According to the expert, although BTC is currently seeing a rebound, it is still moving inside the falling wedge formation. Related Reading: Bitcoin Loses Historical Level, Analyst Says Reclaim And Bounce, Or Die Thus, Bitcoin’s bullish investors must overcome the $61,000 resistance level for the digital asset to break out from this formation. Should BTC break out from this formation successfully, Captain Faibik anticipates a notable move on the upside toward $78,000. Given that BTC is already trading above $61,000, all eyes are now set on the $78,000 price level. At the time of writing, BTC was situated at $61,701, indicating a rise of over 5% in the past day. Data from CoinMarketCap shows that its market cap has increased by 5%, while the trading volume is down by 21%. Featured image from iStock, chart from Tradingview.com

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Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 23, 2025 12:10

Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens

The Bitcoin price is flying high at the moment, having rallied to a new all-time high (ATH) of $111,800 on May 22. Now, crypto analyst Tony Severino has predicted that this rally is likely to sustain, with BTC reaching $120,000 at some point.  Bitcoin Price To Reach $120,000 Following This Range Breakout In an X post, Tony Severino predicted that the Bitcoin price could reach between $116,000 and $120,000 following the breakout from the $106,000 range. This prediction came just before BTC surged past its previous ATH of $109,100 on May 21. The analyst asserted that the flagship crypto could witness a long, white candlestick leading to the rally to this range.   Related Reading: Bitcoin At $118,000 Before June? Trader Reveals When As Weekly MACD Turns Bullish He had also warned that failure to break above the $106,000 range could lead to a retracement as lower timeframe momentum begins to wane. In another post, Severino explained why the range breakout was significant, noting that these breakouts in the Bitcoin price tend to offer a sustainable short-term trend to ride higher. He added that a valid range breakout should be supported by the RSI above 70 on the 3-day timeframe.  The Bitcoin price currently boasts an ultra-bullish outlook, having rallied above the $110,000 mark and reached a new ATH of $111,800. Commenting on the surge to a new ATH, Severino admitted he was wrong about the bear thesis, stating that the macro fundamentals led over the technicals on this rally.  The crypto analyst is confident that the Bitcoin price can go way higher. In his latest analysis, he revealed that BTCs quarterly just triggered a perfected TD9 Sell Setup. He added that the only other time this happened was in Q4 2017, which was the most bullish quarter in crypto history. Bitcoin eventually rose by over 350% above the candlestick open. If history were to repeat itself, Severino predicts that the move will be fast, violent, and over sooner than anyone can imagine. He noted that up appears to be the chosen direction, which is a positive for the Bitcoin price.  A Golden Cross Is Incoming For BTC In an X post, crypto analyst Titan of Crypto stated that a golden cross is incoming for the Bitcoin price. He remarked that BTC is repeating the same pattern, with a Death Cross happening before the Golden Cross. The analyst added that the last time this happened, it triggered a major rally.  Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top In another post, Titan of Crypto predicted that the Bitcoin price could rally to as high as $135,000. He affirmed that the target is still play, with BTC likely to reach this price level this year. Meanwhile, veteran analyst Peter Brandt suggested that Bitcoin could rally to between $125,000 and $150,000 by August.  At the time of writing, the Bitcoin price is trading at around $111,300, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 21, 2025 12:05

XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts

Crypto veteran Raoul Pal has shared his thoughts on the XRP price, predicting it still has more room to rally to the upside. The altcoin is expected to hit a new all-time high (ATH) as it rallies higher.  XRP Price Primed For Another Leg Higher In a YouTube video, Pal remarked that XRPs chart is one to behold and that its price will likely get another leg higher at some point. His accompanying chart showed a bull flag that had formed for the altcoin since last year, after its parabolic rally to the $2 range. Its price is currently in the consolidation phase, with a breakout usually occurring after this phase.  Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing Based on the chart, the price could rally to as high as $5, which would mark a new all-time high (ATH) for the altcoin. Interestingly, before its surge late last year, the crypto veteran had advised investors to sell their dino coins like XRP and ADA. However, following the pump, he admitted he was wrong and became bullish on the altcoin.   This prediction comes amid the launch of the CME XRP and Micro XRP futures, which are bullish for its price. These products will provide institutional investors with exposure to the altcoin and are also integral to the approval of a Spot XRP ETF. An XRP ETF is one of the factors that crypto analyst BarriC believes could quickly drive prices to $10.   In the short term, crypto analyst Ali Martinez has suggested that the XRP price could retrace before it rallies higher. In an X post, he stated that the asset could return to $2 if it loses the critical $2.30 support. Crypto analyst CasiTrades had also warned that the altcoin could witness a correction following its failure to hold above $2.6 successfully.  The Altcoin Could Hit ATH After This Correction Crypto analyst Dark Defender has suggested that the XRP price could hit its ATH after this market correction, stating that the rally to ATH is closer than anyone else can think of. This came as he revealed that the token has completed the A Wave and is now on the B Wave of Wave 2, meaning that this corrective wave is in its midway.  Related Reading: $40 Billion Worth Of XRP On The Move Where Are They Headed? The crypto analyst predicts that the XRP price could reach $3.333 after the B and C Waves in this Wave 2 corrective move. Meanwhile, the support levels to watch out for are $2.3502 and $2.2222, while the resistance levels to keep an eye for are $2.58 and $3.3333.  At the time of writing, the XRP price is trading at around $2.38, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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$40 Billion Worth Of XRP On The Move Where Are They Headed?
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 18, 2025 12:05

$40 Billion Worth Of XRP On The Move Where Are They Headed?

Onchain data shows that over $40 billion worth of XRP has been moved over the last week, which puts the altcoin on the edge. Specifically, these coins were transferred to exchanges, which indicates that XRP is at risk of a massive sell-off.  Over $40 Billion XRP Moved To Exchanges CryptoQuant data shows that over $40 billion has been moved to Binance this past week, with the exchanges reserves surging during this period. This development is usually bearish as it indicates that investors are looking to offload their coins. This comes as the XRP price surged to as high as $2.6, which explains this wave of profit-taking.  Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, Whats Next? Moreover, crypto analyst Ali Martinez revealed that Bitcoin whales have secured profits, selling over 30,000 BTC this week. As such, XRP whales may be simply mirroring this move. Meanwhile, Bitcoinist reported that XRP is reaching oversold levels as net flows turn negative, with the wave of sell-offs heightening.  This selling pressure comes amid Judge Analisa Torres ruling in the Ripple SEC lawsuit, which provides a setback for XRP. The judge denied the parties’ motion for an indicative ruling because the filing was procedurally improper. The ruling also sparked a massive sell-off, with XRP dropping over 4%. XRP risks losing its bullish setup as Martinez revealed that the key support zone is at $2.38, meaning that a drop below this level could lead to a deeper correction. However, a hold above this level could set the altcoin for a rally to new highs as the analyst revealed that there are no major resistance clusters ahead. Crypto analyst CasiTrades had warned that XRPs failure to hold above the $2.69 resistance could send its price towards $2.30 for a reset.  Altcoin Has Formed A Double Bottom Formation In an X post, crypto analyst Egrag Crypto revealed that XRP has formed a double bottom following the dip to $2.3126. He stated that the altcoin is still bouncing off the red descending trend line, showing resilience. The analyst added that the altcoin is experiencing some micro noise within the range between the Fibonacci 0.888 levels at $2.30 and $2.62.  Related Reading: XRP Price Set To Continue Uptrend As Stochastic RSI Moves Out Of Oversold Zone His accompanying chart showed that the key is for the XRP price to hold above the trendline at $2.3. A bounce from this level could send the altcoin as high as $3.8, near its current all-time high (ATH) of $3.84. Based on its historical performance, Egrag Crypto still expects the altcoins price to rally to between $27 and $33 in this market cycle.  At the time of writing, the XRP price is trading at around $2.37, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will Go Insane
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 17, 2025 12:05

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will Go Insane

Ethereum is again looking bullish following its gains of over 17% in the last seven days and the break above $2,500. Analysts have provided a positive outlook for the second-largest crypto by market cap, predicting that its price could soon go parabolic after an extended consolidation period.  Ethereum Primed To Break Out As Price Goes Parabolic  In an X post, crypto analyst Mister Crypto noted that Ethereum has been consolidating for four years and that the longer the consolidation, the bigger the pump. He added that he is extremely bullish, indicating that a breakout was imminent. His accompanying chart showed that ETH could reach a new all-time high (ATH) on this breakout.  Related Reading: Ethereum Price Completes Bullish Structure Break $3,000 Comes Next Crypto analyst Skyrexio also asserted that Ethereum will go insane soon. In a TradingView analysis, he stated that Bitcoins dominance is about to finish the uptrend, which can give ETH a second life. The analyst added that the bounce is already happening, although Ethereums price is struggling to break through $2,600.  He admitted that Ethereum could experience a small correction in the upcoming week but assured that the final uptrend has been confirmed. Analyzing ETHs weekly chart, Skyrexio opined that the crypto is on wave 3 of the Elliott wave structure. The analyst revealed a green dot on the Bullish/Bearish Reversal Bar indicator, which he claimed is a huge confirmation of the bull run.  Skyrexio stated that the target for wave 3 is the 1.61 Fibonacci at $6,500. He told market participants to consider the second scenario, when BTC dominance will reach 67% and ETH will retest the low. Whales are actively accumulating ahead of a potential price surge. Crypto analyst Ali Martinez revealed that nearly 1 million ETH have been withdrawn from exchanges in the past month.  ETH Has Broken Out Of The 3-Year Downtrend In an X post, crypto analyst Mikybull Crypto revealed that Ethereum has broken out of the 3-year downtrend. He added that from now on, ETH will outperform BTC till the cycle peak. His accompanying chart showed that the altcoin could rally to $9,000 before the end of this market cycle.  Related Reading: Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 Easy Target In another post, he reiterated this target while outlining between $8,000 and $10,000 as his targets for Ethereum in this cycle. He noted that ETH is looking to pull 2017 vibes, which is another reason he is confident that the crypto can eventually rally to as high as $10,000. Crypto analyst Titan of Crypto also predicted that the Ethereum price could soon enjoy a parabolic move, rallying to as high as $4,000.  At the time of writing, the Ethereum price is trading at around $2,587, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

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Analyst Who Called XRP Price Surge At $0.5 Says Surge To This Level Is Coming
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 16, 2025 12:05

Analyst Who Called XRP Price Surge At $0.5 Says Surge To This Level Is Coming

Crypto analyst Crypto Michael, who called the XRP price surge when it was trading at $0.5, has predicted the altcoin’s next move. Based on his prediction, XRP is set to sustain its current bullish momentum and possibly rally to a new all-time high (ATH) soon with a breakout above $3.  Analyst Predicts XRP Price Surge Above $3 In an X post, Michael predicted a second parabolic rally once the XRP price breaks the psychological $3. The analyst made this prediction while revealing that he had called this current XRP rally while the altcoin was still trading at $0.5. Indeed, last year, he stated that a historic breakout was incoming for the altcoin.  Related Reading: XRP Price Outperforms Bitcoin, Ethereum As Strange Signal Emerges, Why The Target Is $4 Back then, he highlighted a unique 7-year-long bull pennant that had formed for the XRP price. Based on that bullish pattern, the analyst remarked that market participants might be about to witness one of the most significant breakouts in crypto history. XRP eventually broke out and became the second-best-performing asset among the top 10 cryptos by market cap in 2024.  Crypto analyst CasiTrade recently stated that the XRP price could witness an explosive move above $3 if it breaks and holds above $2.69. This means the projected parabolic rally for XRP above the $3 mark could happen soon. This rally could send the altcoin above its current ATH of around $3.84.  Crypto analyst Ali Martinez also suggested that the XRP price will unlikely encounter any major resistance as it targets a run to a new ATH. In an X post, he cited Glassnode data as he revealed that XRP has no major resistance clusters ahead. Meanwhile, the analyst noted that the key support zone is $2.38.  A Rally To Double Digits In This Cycle? Several crypto analysts have predicted that the XRP price can rally to double digits in this market cycle. In an X post, Pepa stated that the plan stays the same for XRP. His accompanying chart showed that he expects the altcoin to rally to as high as $30 by year-end or the start of next year.  Related Reading: XRP Price To Rally To $6: Partially Completed Wave 5 Says Theres Still Room To Run Crypto analyst CrediBULL Crypto also recently alluded to a previous analysis in which he predicted that the XRP price would reach $28 by year-end 2025. This move is expected to mark Wave 5 on his Elliott Wave Theory analysis. Similarly, analyst Egrag Crypto stated that XRP will reach between $27 and $33 in this cycle. Crypto analyst Mikybull Crypto offered a more conservative target, predicting that the altcoin will reach between $4 and $6 in this cycle.  At the time of writing, the XRP price is trading at around $2.52, down almost 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image from Getty Images, chart from Tradingview.com

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Is Bitcoin Price Turning Bullish Or Bearish? Crypto Analyst Reveals Critical Levels To Watch
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 16, 2025 12:05

Is Bitcoin Price Turning Bullish Or Bearish? Crypto Analyst Reveals Critical Levels To Watch

Bitcoin’s price action in the past 24 hours has seen it slowly retracing from the $104,000 zone it started the week at. This range has become particularly significant as Bitcoin continues to flirt with levels last seen during its recent push toward new all-time highs. Bitcoin’s price movements over the past two days have tightened, and the candlestick behavior on the weekly chart has led to a doji formation on the weekly candlestick timeframe, an indicator of indecision. Interestingly, a technical analysis from crypto analyst Tony “The Bull” Severino has highlighted critical levels to watch that will determine whether the Bitcoin price is turning bearish or still bullish.  Mixed Signals: Why the Current Resistance Zone Is Critical Crypto analyst Tony “The Bull” Severino shared a chart and in-depth breakdown on the social media platform X, pointing to horizontal support and resistance levels as the most important technical indicators in his view. As shown on his Bitcoin weekly chart, the leading cryptocurrency is now pressing against a well-defined resistance zone just below its all-time high, marked clearly in red. The proximity of this level to its all-time high means it could act as a ceiling, making it an important area to watch for either a breakout or a reversal. Related Reading: Whats Driving The Bitcoin Price Recovery Above $100,000 And Is It Sustainable? Tony outlines three possible interpretations for the current market structure around the $108,000 resistance level. The bullish case hinges on Bitcoin consolidating under resistance, a pattern often followed by upward continuation. The neutral case is that Bitcoin could be forming a broad trading range, in which case it makes sense to short the market at resistance while buying near support. On the bearish side, the presence of a doji candlestick at this key level may be a sign of fading momentum and an early signal of a price reversal. His trading strategy reflects this uncertainty. He has placed short positions within the red resistance zone, with a stop loss just above the all-time high. At the same time, he has set a stop buy order in the green breakout zone above the all-time high, ready to switch long should the Bitcoin price convincingly break through resistance. Conditions For A Bullish Breakout Are Not Yet Fulfilled Although Tony noted that the broader investment market, including altcoins and the stock market, looks strong, he cautioned that this does not guarantee a bullish breakout for Bitcoin. For confirmation, a bullish breakout must be preceded by aligning various technical indicators. These include a breakout with substantial trading volume, an RSI reading above 70 on the weekly chart, and a weekly close above the upper Bollinger Band.  Related Reading: The Big Short Coming For Bitcoin? Why BTC Will Clear $110,000 At the moment, however, the Bitcoin CME Futures chart has failed to move past 70 on the daily RSI twice, and trading volume is in decline. According to CoinMarketCap, the trading volume of Bitcoin is $44.33 billion in the past 24 hours, a 11.40% reduction from the previous 24 hours. These are early warning signs that a breakout attempt may lack the strength needed for sustainability. Nonetheless, the conditions are still very mixed and starting to lean more bullish than bearish. At the time of writing, Bitcoin is trading at $102,352, down by 1.31% in the past 24 hours. Featured image from Pixabay, chart from Tradingview.com

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Bitcoin Bull Market: Pundit Reveals When To Sell Everything
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 15, 2025 12:05

Bitcoin Bull Market: Pundit Reveals When To Sell Everything

The Bitcoin bull market looks to be back following BTCs surge above $100,000. With market participants again accumulating following this recent rally, crypto pundit Ardizor has revealed when to sell everything to avoid roundtripping on gains made in this bull market.  When To Sell Everything In This Bitcoin Bull Market In an X post, Ardizor stated that he will sell nearly everything in this bull market when BTCs Profitability Index rises above 300% and crypto becomes more popular on TikTok or Instagram, and when market participants think they are the smartest. He further outlined three other events that could mark the top and act as a clue to sell everything.  Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 The first is when crypto exchange Coinbase becomes the number one on the app store for two months, and every taxi driver starts speaking crypto. The other two clues are when the BTC Coin Days Destroyed (CDD) metric rises above 300 million and when old friends are inquiring about whether they should buy crypto now.  He asserted that the Bitcoin bull market will reach its peak when these things begin to happen. Until then, Ardizor revealed that he will be accumulating more coins daily. The pundit also told crypto community members that he would announce publicly when it was time to sell everything.  In another X post, Ardizor provided insights into how investors should allocate their capital in this Bitcoin bull market. He stated that 40% should be invested in BTC, 20% in ETH, 10% in quality alts, 5% in high-potential meme coins, 15% working capital, and 20% in USDT to buy dips.   Market participants are actively accumulating more coins with the Bitcoin bull market in play following BTCs rally above $100,000. Crypto analyst Ali Martinez cited Glassnodes data while revealing that $35 billion has flowed into the crypto market in the past three weeks.  A Possible Top For BTC In This Market Cycle Market experts have provided the price targets that could mark the BTC top in this Bitcoin bull market. Veteran trader Peter Brandt stated that the leading crypto is on target to reach the bull market cycle top in the $125,000 to $150,000 level by August or September this year. Once that happens, he predicts that a 50% correction will follow.  Related Reading: Analyst Predicts Bitcoin Price Surge To $120,000 And Then A 50% Crash To $60,000, Heres When Crypto analyst CrediBULL Crypto also reaffirmed that his target for this Bitcoin market cycle is $150,000. However, he also raised the possibility of BTC reaching $200,000 based on Jim Cramers statement that the leading crypto cannot achieve that target in this bull run. Standard Chartered has also predicted that $200,000 is achievable for BTC by year-end.  At the time of writing, the Bitcoin price is trading at around $103,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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Bitcoin 6-Month Flight Plan To $188,000, Heres The Roadmap
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 11, 2025 12:10

Bitcoin 6-Month Flight Plan To $188,000, Heres The Roadmap

With Bitcoin back above $100,000, crypto analyst Leo Hart has released a 6-month roadmap on the flagship cryptos journey to new all-time highs (ATHs). The analyst predicted BTC could rally to as high as $188,000 by the sixth month.  The Roadmap For Bitcoins Flight Plan To $188,000 In an X post, Leo Hart outlined Bitcoin’s flight to the moon plan for the next six months, during which he expects the flagship crypto to rally to $188,000. For stage one, which he dubbed the Maximum Power Law Trend Departure, the analyst stated that the target is $108,000, and predicts that BTC will reach this price level in the next two weeks.  Related Reading: Bitcoin Price To $150,000: BTC Is Mirroring Bullish Fractal From 2020 He further explained that this Bitcoin price level is 36 days from the first quarter point in his mathematical calculation. The analyst also highlighted the green rectangle near the Power Law Trend in his accompanying chart, which shows the maximum deviation from the PLT.  For the second stage, Maximum Absolute Wave Height (MAWH), Leo Hart stated that Bitcoin’s target at this stage is $145,500, and the timeline is two months. This means that BTC can reach this target by July, which would mark a new ATH for the flagship crypto. The analyst noted that this price target is the peak, represented by the horizontal tangent to the upper boundary in the chart. The third stage is the Red Zone Entry Point (RZEP), and the target is $188,000. Bitcoin is expected to reach this price level in the next four months. However, the analyst didnt explain why BTC can hit this price level.  Meanwhile, he also mentioned a fourth stage called Zero Gravity and Re-entry. He explained that beyond stage 3, market participants will enter a zero-gravity phase with unknown parameters, followed by the descent from orbit, hinting at a potential price crash.  BTCs Journey To A New ATH Has Begun Crypto analyst Rekt Capital indicated that Bitcoins journey to a new all-time high has begun. In an X post, he noted that BTC has rejected from the $104,500 level, which was part of his initial theory on how the flagship crypto could reach a new ATH.  Related Reading: Bitcoin Price Flashes Signal That Has Led To A Surge Every Time Following this rejection, the analyst predicts that the next step is for Bitcoin to hold the $97,000 to $99,000 range as support. Once that happens, he expects the flagship crypto to break out to new ATHs. His accompanying chart suggested that BTC could rally to $110,000 in the short term. Crypto analyst Titan of Crypto also confirmed that the $135,000 target is still in play for 2025.  At the time of writing, the Bitcoin price is trading at around $103,400, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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XRP Price Macro Channel Breakout That Puts Targets At $17-$55
Author: Scott Matherson
United Kingdom
Source: NewsBTC
May 02, 2025 12:10

XRP Price Macro Channel Breakout That Puts Targets At $17-$55

Crypto analyst Egrag Crypto predicted a macro channel breakout that could be imminent for the XRP. The analyst indicated that the altcoin could reach double digits if this breakout plays out as expected.  XRP Price Eyes Rally To $55 With Potential Macro Channel Breakout In an X post, Egrag Crypto raised the possibility of a macro channel breakout for the XRP price and stated that the measured move points to a potential high of $55. He stated that he had his eyes on the $27 target, although he indicated that the altcoin will likely surpass this price level on this move as it looks to hit $55.  Related Reading: Is The XRP Price Rally Over At $2.22? New Developments Suggest Major Pump Is Coming This ultra-bullish prediction came as the analyst revealed that the XRP price is currently in candle number 5. He remarked that if history is any guide, then market participants should be looking at a mega monthly candle. If XRP were to follow the same pattern, the analyst affirmed that the target of $17 is definitely in play.  In another X post, Egrag Crypto again predicted that the XRP price could at least reach $27 in this market cycle. He stated that he is becoming increasingly convinced that XRP is mirroring the 2017 bull run, although the timing may be either delayed or accelerated. The analyst predicted that the altcoin would reach double digits by the end of Wave 3 this summer.  Meanwhile, he believes Wave 4 will unfold over the next three years, followed by a bear market, and then the XRP price will reach triple digits in the next bull run. Egrag Crypto is confident that XRP could reach as high as $120 when that time comes. In the meantime, XRP is still battling to break above key resistance levels, which could pave the way for a new all-time high (ATH).  A Bull Pennant Forming On Weekly Chart In an X post, crypto analyst XRPunkie drew attention to a bull pennant that was forming for the XRP price on the weekly chart. He stated that this bullish pattern is ready for a breakout once XRP completes the final pullback to between $1.80 and $2. The analyst added that the technical target of this bull pennant is between $13 and $14. XRPunkie warned that there will be more pullbacks along the way to $14, so he advised that investors look to secure profits.  Related Reading: Analyst Sets XRP Price Target At $6.5, These Dates Are Key Crypto analyst Ali Martinez has indicated that the short-term target for the XRP price is between $2.70 and $2.90. In an X post, he stated that the altcoin looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target of these price levels.  At the time of writing, the XRP price is trading at around $2.2, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from Tradingview.com

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Major Ethereum Whale Dumps 10,000 ETH After 2 Years, Is It Time To Get Out?
Author: Scott Matherson
United Kingdom
Source: NewsBTC
Apr 10, 2025 12:05

Major Ethereum Whale Dumps 10,000 ETH After 2 Years, Is It Time To Get Out?

An Ethereum whale has dumped its ETH holdings after holding them for over two years, even through a bull market. This capitulation from the ETH whale suggests it might be a good time to offload the leading altcoin, with a further crash in the coming weeks a possibility.  Ethereum Whale Dumps 10,000 ETH After 900 Days In an X post, on-chain analytics platform Lookonchain revealed that an Ethereum whale finally capitulated after holding for over 900 days, selling all their 10,000 ETH for $15.71 million. This whale had originally bought 10,000 ETH for $12.95 million at an average price of $1,295 on October 4 and November 14, 2022.  Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer The Ethereum whale didnt sell any of their ETH holdings, even when the leading altcoin broke through $4,000 twice in 2024. However, the whale has now capitulated with the Ethereum price below $1,500, nearing their average entry price of $1,295. The investor sold the coins for a $2.75 million profit, while their unrealized profit was $27.6 million at its peak.  This Ethereum whale isnt the only one who is capitulating. As Bitcoinist reported, ETH whales have dumped over 500,000 coins in the space of 48 hours. This development is thanks to Ethereums massive crash, with the leading altcoin at risk of dropping lower. This decline is part of a broader crypto market crash, which has occurred due to Donald Trumps tariffs.  Trumps tariffs have led to a major trade war with China, which has promised not to back down, further sparking concerns among investors. As such, the Ethereum price looks more likely to suffer a further crash in the meantime, which explains why these Ethereum whales are capitulating to cut their losses.  Donald Trumps World Liberty Financial Also Capitulating? Donald Trumps World Liberty Financial (WLFI), an Ethereum whale, looks to be feeling the heat and might have already started capitulating. Citing Arkham Intelligences data, Lookonchain revealed that a wallet possibly linked to WLFI sold 5,471 ETH for $8.01 million at the price of $1,465, representing a loss for the whale in question.  Related Reading: From Solana To Ethereum? Donald Trumps World Liberty Spends $20 Million On ETH World Liberty Financial had previously bought 67,498 ETH for $210 million at an average price of $3,259. The crypto firm is now sitting on an unrealized loss of $125 million, seeing as the Ethereum price has declined by over 50% since their purchases.  Crypto analyst Ali Martinez predicts that the Ethereum price will crash further in the short term, indicating that Ethereum whales like WLFI could witness more unrealized loss on their ETH holdings. Martinez stated that $1,200 could be where the leading altcoin finds its footing.  At the time of writing, the Ethereum price is trading at around $1,400, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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This Analyst Correctly Called The XRP Price Crash, Here Are The Next Targets
Author: Scott Matherson
United Kingdom
Source: NewsBTC
Apr 09, 2025 12:05

This Analyst Correctly Called The XRP Price Crash, Here Are The Next Targets

Crypto analyst Joao, who correctly predicted the XRP price crash, has revealed the altcoin’s next targets. Based on his latest prediction, more pain could lie ahead for XRP, which could still drop below $1.  What’s Next For The XRP Price After The Crash Below $2 In a TradingView post, Joao stated that a long-term distribution phase could be the most chaotic scenario for the XRP price following its crash below $2. Through his accompanying chart, the analyst illustrated a radical distribution scheme that could potentially extend into late 2025.  Related Reading: XRP Price Chart Flashes Inverse Head And Shoulders Pattern That Could Trigger Rally To $3.9 Joao remarked that the XRP price could first show a sign of weakness, dropping below the COVID dump levels, possibly close to $0.10. As that plays out, XRP could follow the Scheme 1 or 2 trajectory. For Scheme 1, the analyst predicts that XRP would drop to $0.1 and then bounce back to $0.4, which is the last point of supply.  On the other hand, if Scheme 2 plays out, he predicts that the XRP price could spike between $5 and $6.8, with an average peak around $5.5 to $5.7, which would likely trigger extreme euphoria. Joao warned that this is just one of the insane possibilities and that XRPs price action will depend heavily on Bitcoin, market makers, supply and demand, public interest, and the macro market.  Crypto analyst John also recently warned that the XRP price retracement could deepen to mid-2024 levels, with the altcoin dropping to the Fib price level of $0.3827. The analyst highlighted a bearish engulfing that formed on XRPs weekly chart in late March, which is why he believes that the altcoin could still drop to these lows.  Meanwhile, crypto analyst Egrag Crypto stated that based on an ascending broadening wedge, there is a 70% chance of a downside breakout and a 30% chance of a move to the upside. He claimed that the measured move for the downside breakout for the XRP price is $0.65.  $1.90 Has Become Resistance For The Altcoin In an X post, crypto analyst CasiTrades revealed that $1.90 has become a major resistance to the XRP price. She noted that the altcoins price fell to around $1.61 following the Black Monday crash on April 7. This low is said to have made new extremes on the RSI across the market, and it was just shy of major support.  Related Reading: XRP Flashes Descending Trendline, Why A Surge To $4 Is Still In The Cards The XRP price has since rebounded to test the $1.90 level, which CasiTrades affirmed is a major resistance at this point. She remarked that the next support is $1.55, the golden .618 retracement. The analyst added that this price action is exactly what sets up the kind of Wave 3 that breaks through all-time highs (ATHs).  In line with this, CasiTrades claimed that if the XRP price bottoms near $1.55, it would actually strengthen the bullish case for a rally to between $8 and $13 this month. She believes that XRP would easily break the resistance around its ATH on this Wave 3 and possibly send it to as high as $13.  At the time of writing, the XRP price is trading at around $1.8, up over 10% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com

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