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Galaxy Digital Moves 23,900 ETH to Coinbase, Market Braces for Impact

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  • Galaxy Digital transferred 23,900 ETH worth over $42 million to Coinbase within eight hours.
  • The large movement of Ethereum has raised concerns among investors about a potential sell-off.
  • Recent activity suggests Galaxy Digital may shift its focus from Ethereum to Solana.

Galaxy Digital increased market speculation after depositing 23,900 ETH valued at $42 million through Coinbase. Market speculation grew stronger after Coinbase received the large Ethereum deposit, causing investors to fear Galaxy Digital would sell their cryptocurrency due to its recent trading strategies. These investors show shifting perspectives toward the altcoin since they question Galaxy Digital’s Ethereum investment stance.

Galaxy Digital Transfer Fuels Market Speculation

Galaxy Digital made several ETH transfers using OTC wallets to transfer assets to Coinbase Pro within eight consecutive hours using multiple transactions. Market analysts, together with token holders, showed concern due to the big and fast Ethereum wallet transactions during these operations. When whales transfer their assets to exchanges, the market interprets this as a sign they may sell, leading to bigger market reactions.

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Source: X

The firm acquired Solana through Ethereum investments, which led experts to predict more bearish behavior for the Ethereum market. Because of its strong market position, the digital asset markets pay close attention to Galaxy Digital’s actions. Although the recent activities by Galaxy Digital have not caused market movements yet, their timing sustains continuing marketplace predictions.

Ethereum Struggles Push Galaxy Toward Solana

Galaxy Digital’s strategic shift involves moving away from Ethereum investment and toward competing digital assets, specifically Solana. Ethereum acquisitions remained strong for the company during upward markets despite its CEO assuming leadership in all transactions. Recent market activities indicate that the company is changing its business direction, corresponding with the weak ETH price stability and financial results.

The increasing market numbers of Solana make it more appealing for Galaxy Digital to add it to its investment portfolio. The price of Ethereum cannot maintainan upward movement because it remains close to $1,800. The substantial difference in performance is the reason why the company started redirecting its organizational goals.

The regulatory actions have failed to result in significant financial transactions for ETH. The company focuses on maintaining adequate internal funds and adjusting its custody systems. Investors regard the distribution of deposits as an initial sign of upcoming market sell-offs.

Ethereum Price Holds Despite Market Jitters

The market value for ETH currently stands around $1,800 after Galaxy Digital entered the market and broader market uncertainties. After the deposits occurred, investors purchased more than 10 million ETH as a sign of their ongoing market interest in the long-term future. The market remains uncertain because investors require clarification regarding Galaxy Digital’s plans regarding its current asset disposition.

The future direction of Ethereum in the medium term will be influenced by either market-traded sales of deposited funds or financial decisions made by Galaxy Digital. Experts monitor the situation carefully through reviews of Galaxy Digital’s actions combined with analysis of whale market trends. Ethereum’s position in the market depends highly on investor sentiment as market shifts affect its value.

Ethereum’s Rally: Is It Just a Correction or the Start of a Bullish Wave?

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  • A clear ‘lower low’ formed today for Ethereum, offering a more defined bottom structure compared to Bitcoin.
  • Despite recent gains, Ethereum’s rise could be part of a larger correction, with potential for further movement.
  • Traders should exercise caution, as news-driven rallies like Ethereum’s often fade, requiring patience before acting.

More Crypto Online also noted that Ethereum has established a clear ‘lower low’ today, which makes the bottom structure clearer than Bitcoin. However, the analyst opined that one should wait until the market stabilizes, adding that such a rally based on news is easily wiped out by the market’s strong forces.

Ethereum’s Price Movement

Ethereum has been making positive movements, which have attracted the attention of traders. The analyst further highlighted that even though the rise looks like a big increase, it might not be quite as large. The rise in the price could still be part of a larger correction phase, whereby the rally seems to be slightly too high to be a wave 4, which is a structure seen in the Elliott Wave analysis. On the other hand, the analyst pointed out that it is only a 3-wave move and there is potential for further advance in the days to come.

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Source: X

The analyst also analyzed the possibility of a five-wave up move in the subsequent formation. This means that if Ethereum manages to implement all five waves, it may be the start of a bullish run. This would imply that current price action might be a part of wave 1, which is the white wave in an overall larger uptrend. If this is true, then it is possible that within the next few weeks this correction will be a pullback that is wave (2), which would add to the bullish outlook.

Risks of News-Driven Rallies

However, the analyst advised traders to be cautious while engaging in the trading process. News-driven rallies are similar to those detected for ETH; they experience a rapid increase in price but seldom sustain that activity level. The majority of such rallies could end up invalid, and if traders are not cautious, they will end up on the losing side of the bargain. 

The market of Ethereum is still unstable, and changes in the price depend on many different factors. This is a clear indication that investors and traders should keenly watch the situation as it unfolds. If the situation continues to rise, the chances are that it will increase confidence levels among traders. As of press time, ETH is trading at $1,592, showing an 8.75% increase over the past day.

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Source: TradingView

Though the current price action may be construed as forming a bottom structure, news-driven rallies require patience. The analysis is helpful to those who carefully want to observe the current changes in the crypto space.

Crypto Market Chaos: Will Whale Liquidations Trigger a Deeper Crash?

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  • Whales face heavy liquidation pressures as Ethereum drops, triggering $898M in liquidations across the crypto market.
  • The liquidation of $106M in Ethereum highlights the risks of borrowing in a volatile crypto market with high leverage.
  • Increased whale liquidations could cause further market downturns, leaving smaller traders vulnerable to significant losses.

Cryptocurrency market is in turmoil after several whales come under heavy pressure to exit their long positions. According to the data received from Spot On Chain, an analytics platform, the whale that deposited 56,995 WETH, amounting to a passive value of $90.8M in DAI on Maker, is almost at the edge of liquidation. The current liquidation price of this whale is estimated to be approximately $1,564.58. This chaos triggered many reactions across the area of leveraged positions in the cryptocurrency market.

Crypto Market Hit Hard

Earlier today, yet another whale was drained out of his funds to the amount of $106M or 65769 ETH. This whale had to repay a $74.49M loan as the price of Ethereum dropped to $1,650. This is what led to the liquidation, with many firms facing the disappointment of being forced to close shop due to serious losses. These high-value liquidations depict the dangers of borrowing, especially in the volatile market, since large investments are easily affected by the change in prices.

Over the last 24 hours, around $898 million worth of cryptocurrencies have been liquidated. The majority of these exits are in longs, which were affected by the price decline. Ethereum’s move also caused a huge sell-off sentiment because investors sought to cover their risks in those situations. The contraction of liquidity aggravated the situation, and it became almost impossible for the market to bounce back.

Whales Continue to Dominate

The large-scale liquidations have in the recent past pushed the concerns over margin trading and leveraged borrowing to another level. Despite such strategies being effective in delivering high returns, they can be dangerous during bear runs because of the high possibilities of liquidation. The events that have taken place show that the cryptocurrency market is highly volatile and that leverage is risky.

With whales holding large chunks of most cryptocurrencies, their positions have not waned in power. The effects of these liquidations may influence the market trends for the following days. If more large positions are liquidated, the market is set to go through more downtrends. These are things that are attracting the attention of investors as the future of the market is unpredictable.

The current liquidations have raised a lot of concern among traders, given that there are adverse effects that may be experienced by traders with small trading volumes. Due to the continued oscillation of the market price of various cryptocurrencies, people are questioning the possibility of their growth. Therefore, as the situation progresses, all focus will be on the further actions of these gigantic companies.

Ethereum Whales Dump 500K ETH as Dominance Crashes to 5-Year Low

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Key Takeaways:

  • Whales have offloaded over 500,000 ETH in the past 48 hours, intensifying selling pressure.
  • ETH’s dominance has plunged to 8%, marking a 60% drop since mid-2023.
  • Record-low fees and burn rates post-Dencun upgrade have worsened ETH’s inflation problem.

Ethereum’s recent price movement may seem calm on the surface, but a deeper look reveals rising undercurrents. In the last 48 hours, top market observer Ali drew attention to a major selloff by a big investor, with over 500,000 ETH being unloaded, according to data on-chain by Santiment.

image 48 2

This precipitant offloading places significant stress on the asset, which already suffers from systemic issues. Even as ETH prices ticked up briefly by 1.55% over the past four hours to $1,797.07, the context is alarming.

This short-term rebound does little to counteract the long-term downtrend in Ethereum, especially if big players are selling out. Although short-term rallies tend to mask structural issues beneath the surface, Ethereum’s are already beginning to manifest in the figures.

Ethereum Network Activity Crash Triggers Inflation Spiral

CryptoQuant’s recent analysis reflects Ethereum’s underlying issue: diminishing network usefulness. From the start of 2025, the active count of addresses on the Ethereum network has been continuously declining.

image 46

That decrease in user involvement has been a contributing cause to transaction fees and block rewards hitting historical lows, a trend that undermines the very inflation-dampening mechanism that Ethereum depends on.

Dencun upgrade, previously touted as a game-changer, seems instead to have accelerated the problem. Crash in average fees caused the burn rate of Ethereum to hit a since-the-Merge low, with new issuance surpassing destruction.

image 48

What this does is create a net inflationary environment, watering down the worth of ETH over the long run. In short, Ethereum’s producing more than it’s burning, a potentially disastrous trend for any asset intended to appreciate in value.

ETH Dominance Collapse Signals a Market Turning Point

Rekt Capital’s recent analysis indicates a precipitous fall in ETH’s dominance from a June 2023 level of 20% to a current level of just 8%. That’s a collapse of 60% in a little over one year. ETH Dominance is the proportionate weighting of the total crypto market cap minus Bitcoin, and the fall presents a bleak image of diminishing confidence in the market.

image 48 1

The chart, shared on April 4, indicates that Ethereum is back in a familiar historical support zone (7.5%–10%) last tested in 2019 and 2020. In both cases, ETH managed to reverse its fortunes.

But the current context is more complicated: Bitcoin dominance increased to 62%, and Ethereum dropped by 44% in Q1 2025. Layer-2 congestion, increasing regulatory friction, and diminished investor interest all contribute to this long-standing weakness.

Related Reading | Over 50 million Americans now use crypto: 21% of adults, research shows. 

These 4 Crypto Tokens are DEFYING Trump’s $2 Trillion Wipeout!

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  • Solana’s SOL surges with bullish predictions, fueled by potential Fidelity ETF approval, showing resilience amid market volatility.
  • Ethereum gains attention due to its market analysis discussions and Trump’s portfolio, as traders watch its 2.0 transition.
  • Ripple’s RLUSD stablecoin sees an 87% trading volume increase, exceeding $10 billion on Kraken, reflecting strong market interest.

Solana, Ethereum, Ripple’s RLUSD, and Tether’s USDT are among the handful of crypto tokens showing signs of recovery amidst the mayhem caused by tariff news. The crypto market cap fell by 3.3%, dropping from $2.88 trillion to $2.78 trillion, after Donald Trump raised reciprocal tariffs on several nations, sending a shock wave across global financial markets.

Crypto
These 4 Crypto Tokens are DEFYING Trump's $2 Trillion Wipeout! 9


The leading stock market index, the S&P 500, reacted by dropping $2 trillion. However, crypto assets made a swift recovery as Santiment highlights the top trending assets.

Solana’s SOL, for one, is seeing significant interest and activity marked by heightened levels of bullish price predictions. A possible catalyst could be Fidelity’s spot SOL ETF that is heading closer for an SEC approval. Similarly, Cardano’s ADA and Binance Coin (BNB) are also in the limelight, with users speculating on their future price movements and potential investments.

Ethereum, as the largest altcoin, is raking in attention due to its frequent mention in discussions about crypto market analysis. Moreover, Trump’s crypto portfolio is 92% based on the ETH blockchain. Traders are keeping a close eye on the transition to Ethereum 2.0 and its implications for scalability and adoption.

CRYPTO RESILIENCE: Stablecoin USDT’s Trading Dominance and RLUSD’s Rise

While altcoins march ahead, stablecoins are not far behind. These fiat-pegged assets continue to gain traction in the US regulatory and legislative scene. On March 10-14, the Senate Banking Committee will vote on the stablecoin bill, which can help shape financial regulations.

Santiment has particularly highlighted Tether, one of the largest stablecoin giants, for its role in trading contexts across various platforms. “The active engagement of traders utilizing USDT for transactions and profit calculations reflects its significance in the current crypto market dynamics.”

We are also seeing increased chatter about Ripple’s newest launched stablecoin, $RLUSD, especially after its deployment into Ripple’s payment systems. The stablecoin’s role is to ramp up cross-border transactions and attract further institutional interest. Data have shown how RLUSD’s trading volume has risen by an impressive 87% and has even surpassed $10 billion in trading volume on exchanges like Kraken.

Ethereum Fees Crash 50% as User Activity Drops and ETFs See Outflows

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  • Ethereum transaction fees have dropped by 50 percent in the last seven days.
  • The decline is linked to a significant slowdown in on-chain activity and user engagement.
  • Ethereum’s scalability issues continue despite Layer 2 adoption and protocol upgrades.

Ethereum network activity has slowed sharply, leading to a 50% drop in transaction fees over the past seven days. This decline reflects a broader drop in on-chain engagement, raising concerns among traders and developers. Market watchers are now assessing the long-term implications for Ethereum’s scalability and ecosystem health.

Ethereum Fees Drop Amid Diminishing On-Chain Activity

Ethereum’s gas fees have decreased sharply because network activity slowed down and user demand reduced. The transaction costs currently stand at an average level indicating that network congestion is minimal along with reduced smart contract activities. Ethereum’s mainnet encounters diminishing interest even after its protocol developers make improvements.

The Ethereum network’s scalability concerns throughout its history have affected both transaction fees and network speed capabilities. Developers established Layer 2 solutions to overcome the problem by moving operations out of the main blockchain. However, the initiatives implemented to mitigate the usage decrease have failed to stop the entire network from being used less.

Several users, along with decentralized applications, have shifted their operations to Solana and Avalanche because these platforms provide faster and cheaper transaction capabilities. The shift in user base from Ethereum has produced an ecosystem expansion and diminished Ethereum’s market share in core sectors. The combination of factors has caused both charge revenues and network transaction processing speeds to decrease.

ETH Performance Lags Behind as ETF Outflows Intensify

The Ethereum price shows significant weakness because its current market value stands at $1,970, a 40% decrease since the beginning of the year. ETH struggles to keep up with other market assets due to wider market declines, which creates doubts about its short-term performance. Both investors and the market evaluate the massive reduction in on-chain demand and decreasing transaction levels.

Since nine days ago, ETH spot ETFs have withdrawn 142,564 ETH, which corresponds to approximately $280 million. The recent ETF inflow trend indicates institutions believe differently from earlier expectations, which predicted market growth through ETF activity. Even after the U.S. provided regulatory clarity, the market sentiment remains damaged.

The ETFs launched with high expectations, hoping to mirror the success of Bitcoin’s investment products earlier in the year. Ethereum generally maintains fee reductions but its waning market performance seems to deter investors from interest. Capital keeps draining away from Ethereum-linked assets because of this effect.

Broader Risks Add Pressure to Ethereum’s Market Position

Ethereum’s market performance suffers due to several macroeconomic factors that undermine investor trust in the asset. Trade risks, economic uncertainties, and global instability push institutions to minimize their exposure to various forms of danger. The global headwinds have raised market unpredictability levels while ensuring a slow entry of institutional funds into crypto assets, especially ETH.

Institutional investors’ quick responses to macroeconomic indicators drive them to reorganize their portfolios to protect their investments from lengthy risks. Underperformance in Ethereum derives from these internal scalability limits, as institutional investors demonstrate risk-aversion following market signals of caution. Multiple adverse forces are creating doubt about Ethereum’s capacity to grow in the future.

Ethereum continues to lead the decentralized applications market, even though other networks show rising competitive strength. The crypto ecosystem adopts Solana, Binance Smart Chain, and other platforms, which provide inexpensive and rapid capabilities while attracting large user bases.

Ethereum Vs Bitcoin: Will ETH Find Reversal at Critical Support Levels?

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  • Ethereum has reached its lowest level relative to Bitcoin since December 2020, testing key support.
  • The ETH/BTC ratio continues to decline, with the next critical support at 0.0220, signaling ongoing weakness.
  • A small bullish reversal for Ethereum could spark significant market movement, potentially benefiting altcoins.

Ethereum has declined significantly in relation to Bitcoin and is now at the lowest levels last seen in December 2020. Daan Crypto Trades also pointed out that the most important technical aspect of Ethereum is that the ETH/BTC pair is now at key support. As it goes lower, it getting closer to significant price levels that many traders are waiting to bounce back.

Key Levels for Ethereum’s Momentum

The ETH/BTC ratio has been in a continuous decline since mid 2021 as seen on the chart and the next support level is expected to be at BTC 0.0220. This decrease clearly indicates that ETH has been following a worse trajectory than Bitcoin which might again be true if the support level crumbles. The Ether to Bitcoin ratio is faint at the moment and traders are currently observing the so-called support level.

Despite the recent performance of ETH, experts believe even a slight bullish turn could trigger quite a stir in the market. Based on the findings of the analysis, specific short-term goals such as the ones present at BTC 0.0270 have been identified in the event ETH fails to hold the support level. This bounce might also be good for altcoins ; they tend to track movements of ETH closely. Such pattern will now call for a bounce off the current levels towards 0.0270 if ETH manages to hold the levels.

Nonetheless, Ethereum has a significant barrier to cross when it comes to resistance level. The BTC 0.0270 level has focused an area of resistance and will most certainly need heaviness from the bulls to breach it. Thus, in the absence of such momentum, Ethereum will continue to struggle on the downside. Local support levels to indicate that the sell-off may be running out of steam will include a solid close above this level at BTC 0.0220.

Short-Term Recovery Potential

While Ether has lagged behind the performance of Bitcoin during the bull run, it means that Ether’s price can be considered to be more reliant on the movements of Bitcoin going forward. Ethereum can therefore continue to lag behind in this declining pattern as long as Bitcoin is strong. On the other hand, if Ethereum pulls back at the current price levels and emerges above the mentioned resistance levels, it will trigger altcoins’ uptrend. As of press time, ETH is trading at $1,990, showing a 1.58% decline over the past day.

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Source: TradingView

The outlook for Ethereum’s performance against Bitcoin continues to be bearish. However, it remains to be seen whether Ethereum can recover soon but the possibility of a short-term rally remains very real if ETH stays above critical support. The price needs to be watched for reversal signals since the next prominent level is a resistance level of BTC 0.0270.

Ethereum’s Next Move: Can ETH Maintain Above $2,000 for Explosive Growth?

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  • Ethereum’s breakout above $2,000 could spark a significant price surge, driving it toward key resistance levels.
  • If ETH maintains above $2,000, experts predict an uptrend, potentially reaching targets of $3,244.68, $3,813.21, and $4,504.37.
  • Ethereum’s solid performance in DeFi, smart contracts, and NFTs fuels investor interest, with long-term bullish potential.

Ethereum is near a critical support level and experts expect that the breakout would start at this region that may lead to more increases in the prices. In a recent X post, Rose Premium Signals has presented the technical chart and pointed out that ETH needs to stay above $2,000 for the next impulse.

Ethereum’s Potential Price Surge

The sustained ability to remain above this level could set up a tremendous surge for ETH with prices breaking into other resistance levels. If ETH continues trade within the range of $2,000 it would mark the beginning of the new uptrend of the cryptocurrency market.

The analyst also provided three price levels that he expects Ethereum to reach in the next few weeks. The first one is $3,244.68 that, if achieved, should be considered as a considerable rise. After that, there may be an opportunity to focus on the $3,813.21 level that could give a constructive signal to buyers. The third target lies at $4,504.37, it is a figure that would bring ETH to some of its highest levels in recent past.

Long-Term Bullish Outlook for ETH

Ethereum itself has also exhibited good performance in the past few months and has attracted attention from both small and large investors. Current and future adoption of Ethereum can mainly be attributed to its utility in DeFi applications, smart contracts, and the rising popularity of NFTs.

Ethereum has been the most attraction to the audience, particularly when it comes to the prices of the ETH . Should the price zoom past the $2000 mark, then there could be an implication that the altcoin is prepared for an upswing in the future and ETH should be closely monitored in the near term. As of press time, ETH is trading at $2,028, showing a 7.36% increase over the past day.

Source: TradingView

Market participants will be looking for portent that could mean the end of uptrend or reversal in a downtrend. Nevertheless, as far as the long-term target is concerned, Ethereum still looks bullish, and many experts expect the price to rise even further as long as the price stays above the support line.

PEPE’s Hidden Catalysts: Why DOGE and ETH Could Trigger a 60% Explosion

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  1. PEPE’s 4-hour chart shows a bearish rising wedge; a breakdown below 6800 could trigger a drop to 6200, signaling potential losses.
  2. A successful defense of the 6800 support could lead to a bullish rebound towards 7500, with Ethereum’s momentum fueling a 50-60% rally.
  3. Despite technical warnings, PEPE leads in social and market activity, ranking highest among rising crypto stars, including BMT and CAKE.

Is $PEPE losing ground? The popular frog-themed meme coin has displayed warning signs. A rising wedge has formed on the 4-hour chart, a pattern that typically leads to a downward move. Amidst this troubling pattern, analysts have uncovered two key catalysts that could supercharge the meme coin.

After a robust rally of 14% in the weekly index, PEPE’s technicals depict signs of weakness inside this bearish wedge. Technical analysts note the price struggle near support, and suggest that a breakdown could trigger further losses. Traders are keeping an eye on these crucial levels. If support fails, a drop toward 6500 – 6200 could be next.

One of the possible scenarios is a bearish breakdown – If the price loses 6800, expect a move toward 6500 – 6200 as selling pressure builds. One key factor is to look out for high volume to confirm the breakdown.

On the other side, a bullish recovery scene would likely be defending the 6800 zone, which if successful could propel PEPE to bounce back toward 7500+. To put it simply, a breakout above wedge resistance would shift the momentum bullish again.

PEPE
Source: @cryptosatred

However, market experts suggest PEPE/DOGE and PEPE/ETH as the two key movements that should remain on the traders’ radar. Both Dogecoin and Ethereum have acted as market catalysts for the meme coin in the past. A successful breakout above the neckline resistance at $0.00000720 USDT can trigger massive moves on the meme coin.

PEPE Steals the Spotlight: Outranking BMT and CAKE as Social Activity Surges

Analysts further predict a 50-60% rally if Ethereum ($ETH) shows upward momentum (let’s assume, with a broader altcoin season).

While, traders and investors are laser-focused on the meme coin’s next move, PEPE is gaining tremendous traction based on the combined social and market activity today. As per LunarCrush, the meme coin is ranked at the top, making it the only high-ranked meme coin among the rising stars like Bubblemaps’ BMT token and PancakeSwap’s CAKE.

XRP’s 34% Surge Sets Stage for Massive Rally—Analyst Eyes $77

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  • XRP surgеd 34% to $2.96 bеforе sеttling аt $2.80, with trаding volumе soаring 502.71% to $19.33 billion.
  • Donald Trump’s stаtеmеnt on XRP, ADA, аnd SOL in US Crypto Rеsеrvе fuеlеd mаrkеt spеculаtion.
  • Anаlyst Dark Defender prеdicts XRP could hit $77.7, mаrking а 2,650% surgе if kеy lеvеls brеаk.

XRP mаdе wаvеs todаy with а drаmаtic pricе jump of 34%, soаring from $2.20 to а pеаk of $2.96 bеforе sеttling аt $2.80. Thе surgе pushеd its onе-dаy trаding volumе up by аn аstonishing 502.71% to $19.33 billion, rеflеcting hеightеnеd invеstor аctivity. At thе sаmе timе, XRP Futurеs Opеn Intеrеst spikеd 30.47% to $4.15 billion, its highеst lеvеl sincе еаrly Fеbruаry, signаling rеnеwеd trаdеr confidеncе.

XRP 1D graph coinmarketcap 24
Source: CoinMarketCap

Thе suddеn rаlly coincidеs with а bold stаtеmеnt from Donald Trump rеgаrding thе US Crypto Rеsеrvе. Trump’s post on Truth Sociаl fuеlеd spеculаtion аftеr hе mеntionеd thе possibility of аdding XRP, ADA, аnd SOL аlongsidе Bitcoin аnd Ethеrеum. Thаt stаtеmеnt triggеrеd intеnsе dеbаtе bеtwееn Bitcoin аnd Ripplе supportеrs, furthеr еnеrgizing mаrkеt sеntimеnt.

XRP’s Path to $77.7 Gains Momentum

As XRP’s momеntum builds, somе аnаlysts аrе еyеing much biggеr numbеrs. Crypto analyst Dark Defender hаs lаid out аn аmbitious roаdmаp, prеdicting thаt XRP could climb to а jаw-dropping $77.7 in thе mid-tеrm. If rеаlizеd, thаt would mаrk а stаggеring 2,650% incrеаsе from currеnt lеvеls.

His projеction is bаsеd on Elliott Wаvе thеory аnd Fibonаcci еxtеnsions, which indicаtе thаt thе cryptocurrеncy hаs еntеrеd thе third wаvе of its cyclе—а phаsе historicаlly known for rаpid pricе аccеlеrаtion. Thе аnаlysis suggеsts thаt if XRP clеаrs kеy rеsistаncе points аt $5.85 аnd $8.03, thе nеxt significаnt lеvеl to wаtch is $18.22, аligning with а 3.618 Fibonаcci еxtеnsion.

Aftеr rеаching $18.22, а briеf corrеction could follow bеforе thе most еxplosivе phаsе—thе fifth wаvе—potеntiаlly cаtаpulting thе cryptocurrеncy towаrd $77.7. Whilе аmbitious, thаt tаrgеt hаs ignitеd spеculаtion аmong trаdеrs аnd long-tеrm invеstors.

XRP 1
Source: Dark Defender

Critical Support Levels Hold the Key

Dеspitе thе bullish еxcitеmеnt, Dark Defender wаrns thаt thе cryptocurrеncy must mаintаin criticаl support lеvеls to sustаin its uptrеnd. Kеy zonеs аt $2.60 аnd $2.77 аrе аcting аs rеаccumulаtion аrеаs whеrе buyеrs mаy stеp in to rеinforcе momеntum. If it holds аbovе thosе lеvеls, thе broаdеr bullish outlook rеmаins intаct. Howеvеr, а fаilurе to sustаin support could triggеr tеmporаry pullbаcks, potеntiаlly dеlаying thе nеxt upwаrd surgе.

Tеchnicаl indicаtors furthеr strеngthеn thе cаsе for аn еxtеndеd rаlly. Thе Rеlаtivе Strеngth Indеx (RSI) shows аn uptick in buying prеssurе, hinting аt а bullish divеrgеncе. Morеovеr, XRP is currеntly trаding аbovе thе Ichimoku cloud, а kеy trеnd-strеngth indicаtor. Mаintаining thаt position could significаntly incrеаsе thе probаbility of sustаinеd upwаrd momеntum.

Whilе thе mаrkеt buzzеs with spеculаtion, thе cryptocurrеncy rеmаins аt а cruciаl turning point. Trаdеrs аnd invеstors аrе closеly wаtching whеthеr thе digitаl аssеt cаn sustаin its gаins аnd brеаk through rеsistаncе lеvеls or fаcе а short-tеrm cooldown bеforе аnothеr lеg up.

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