XRP price started a decent increase above $3.00 zone. The price is now facing resistance at $3.10 and might correct some gains in the near term. XRP price is attempting to start a fresh increase above the $3.00 zone. The price is now trading above $2.980 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3.065 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.920 zone. XRP Price Faces Resistance XRP price started a fresh increase above the $2.820 zone, beating Bitcoin and Ethereum. The price was able to surpass the $2.920 and $2.950 resistance levels. The price even cleared the $3.00 resistance level. Finally, the bears appeared near the $3.10 zone. A high was formed at $3.106 and the price is now correcting gains. There was a break below a bullish trend line with support at $3.065 on the hourly chart of the XRP/USD pair. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. On the upside, the price might face resistance near the $3.10 level. The first major resistance is near the $3.120 level. A clear move above the $3.120 resistance might send the price toward the $3.150 resistance. Any more gains might send the price toward the $3.20 resistance or even $3.2120 in the near term. The next major hurdle for the bulls might be near the $3.250 zone. Another Drop? If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.920 support and the 50% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. The next major support sits near the $2.880 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.00 and $2.920. Major Resistance Levels – $3.10 and $3.120. Source: newsbtc.com (Read Full Article)

Solana started a fresh increase above the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $160 and $162 levels against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Eyes Fresh Move To $180 Solana price started a decent increase after it found support near the $155 zone, like Bitcoin and Ethereum. SOL climbed above the $160 level to enter a short-term positive zone. The price even smashed the $162 resistance. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $182 swing high to the $155 low. There is also a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair. Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. It is close to the 50% Fib retracement level of the downward move from the $182 swing high to the $155 low. The next major resistance is near the $172 level. The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level. Are Downsides Supported In SOL? If SOL fails to rise above the $172 resistance, it could start another decline. Initial support on the downside is near the $165 zone and the trend line. The first major support is near the $162 level. A break below the $162 level might send the price toward the $155 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $172 and $182. Source: newsbtc.com (Read Full Article)

Michael Saylor’s enterprise software company, Strategy (previously MicroStrategy), has made headlines once again with a substantial Bitcoin (BTC) acquisition, pushing its total holdings beyond 600,000 coins.  The company purchased an impressive $2.46 billion worth of Bitcoin over the past week, marking its third-largest purchase by dollar amount since it began acquiring the digital asset five years ago. Bitcoin Acquisition At Record Prices Between July 28 and August 3, Strategy added 21,021 Bitcoin to its holdings, bringing its total to 628,791 tokens. At current market prices, the firm’s portfolio is valued at over $71 billion.  Saylor has adeptly transformed his company from a traditional software provider into the leading corporate buyer of Bitcoin, utilizing innovative financial strategies to fuel these purchases. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ The latest acquisition was made at an average price of $117,526 per token, which is the second-highest price the company has ever paid, just shy of the $118,940 average from the previous month.  Strategy is the largest corporate Bitcoin holder, according to data from BitcoinTreasuries.net. BTC mining company MARA Holdings is second with 50,000 coins, which highlights Saylor’s firm’s purchasing power. Notably, this position has not only solidified Saylor’s influence in the crypto space but has also inspired other public companies to adopt similar treasury strategies aimed at accumulating and holding digital currencies. These include Trump’s social media company, boosted by a new regulatory regime and legislation in the US aimed at positioning the country as the crypto capital of the world, a mission that President Donald Trump has advocated since his election campaign last year. Saylor’s Strategy Pledges To Protect Shareholder Value To fund these massive purchases, Bitcoin bull Michael Saylor has employed a mix of common and preferred share sales alongside debt instruments. Recently, the company launched its latest preferred stock offering, dubbed “Stretch,” in late July.  In its second-quarter report, Strategy announced an unrealized gain of $14 billion, primarily driven by the recent rebound in Bitcoin prices and a new accounting requirement that necessitated the revaluation of its Bitcoin holdings. Saylor has also made a commitment to investors, stating that he will refrain from issuing new common shares at less than 2.5 times the company’s net asset value, except for covering debt interest or preferred dividends.  Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level This pledge comes in light of concerns raised by critics like Jim Chanos, who have expressed apprehension about the premium that Strategy’s Bitcoin holdings place on its share price and the numerous securities offerings the company has executed. Since its initial foray into Bitcoin, Strategy’s stock, MSTR, has skyrocketed over 3,000%, significantly outperforming Bitcoin itself and major stock indices such as the S&P 500 and Nasdaq 100.  The company’s largest purchases occurred in November, totaling $5.4 billion and $4.6 billion, respectively, demonstrating Saylor’s aggressive strategy in the cryptocurrency market. However, on Monday, the firm did not disclose any further purchases, as it has commonly done over the past few months. Perhaps it is starting to reassess its direction with biweekly acquisitions. It remains to be seen what the firm’s next moves will be, as there have been no further official comments on the matter. Featured image from DALL-E, chart from TradingView.com  Source: newsbtc.com (Read Full Article)

After falling below a crucial support level, Bitcoin (BTC) is attempting to recover some of its lost ground. An analyst suggested that this week’s performance will be decisive for the cryptocurrency’s next trend. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest Bitcoin Loses Bull Flag Formation Over the weekend, Bitcoin lost its post-breakout range for the first time in three weeks, falling to a local low of $112,296 on August 3. The flagship crypto had been trading between the $114,000-$120,000 range since the early July breakout, hitting its all-time high (ATH) of $122,838 amid the rally. As July neared its end, BTC experienced some volatility, retesting the range lows twice over its last week. However, the cryptocurrency was unable to repeat its price recovery from the previous weekend, losing the crucial area on August 1. Rekt Capital noted that Bitcoin’s rally could be at risk, explaining that BTC has formed a bull flag in the weekly chart and held the pattern’s lows as support until the latest Weekly Close. Following its recent price action, the analyst considers that this week’s performance will be pivotal to see whether the pattern’s bottom, around the $117,200 area, will become a new resistance and confirm the breakdown, or if the flagship crypto’s price will recover the structure. According to the analysis, if the price can reclaim the structure, the correction would be considered a fake downside deviation before resynchronizing with the pattern. Meanwhile, turning the pattern’s bottom into resistance would be a bearish retest, confirming the breakdown, and potentially leading to a new retest of the $112,000 area as support. BTC’s Weekly Close To Determine Next Trend Rekt Capital also detailed that this week’s performance will determine the future of BTC’s second Price Discovery uptrend, which has technically started its fifth week. Depending on what happens to the Bull Flag (reclaim or a confirmation of the breakdown), we will know whether the Price Discovery Uptrend 2 will continue or whether BTC has experienced a very short PDU2 instead. Last week, the analyst retesting that the continuation of the Price Discovery trend could fail as BTC transitioned into weeks 5-7 of this phase. Historically, the second uptrend has started to slow down around Weeks 5-6, hitting its peak during this “Danger Zone.” If Bitcoin reclaims the Bull Flag and challenges new highs, then its second Price Discovery uptrend will progress according to its historical tendencies. However, if it fails to Weekly Close above the pattern’s bottom and confirms additional downside, the second Price Discovery uptrend would have ended in Week 2, much quicker than has historically been the case. Moreover, it would reveal that BTC has been in its second Price Discovery Correction, which “would be going completely against the grain of history.” Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The analyst suggested that macro-wise, Bitcoin still has plenty of time for a third Price Discovery uptrend. If the second phase has already ended, a final uptrend could overcompensate for the current uptrend’s underperformance. Previously, Rekt Capital asserted that what comes after the second uptrend would depend on how long the corrective phase takes, as a shot correction could allow for a third uptrend before the bear market. Featured Image from Unsplash.com, Chart from TradingView.com Source: newsbtc.com (Read Full Article)

After an impressive run-up back in July, the Dogecoin price as suffered a slowdown, just like the rest of the market. With this, the bears seem to have reclaimed control once again, pushing Dogecoin deeper into loss territory after taking out an important position at $0.2. Nevertheless, the current decline seems to pale in comparison to the bullishness that continues to dominate among investors, with the expectations that this correction will be only temporary. Dogecoin Price Still Showing Signs Of Bullishness According to an analysis shared by crypto analyst KrissPax, the Dogecoin price may be down right now, but it is not out of the game. This is because the meme coin is currently the subject of a bullish formation as it travels down to retest a level that has previously led to a massive price surge in the past. Related Reading: Satoshimeter Shows Where Bitcoin Price Is In This Cycle The crypto analyst pointed out that the Dogecoin price is expected to fall below 30 on the 4-Hour RSI chart again, and historically, such a decline has led to a recovery. The last time that the RSI fell below 30 on the 4-Hour chart was back in June 2025, and what followed was an over 70% recovery in the next month. Using this historical performance, the Dogecoin RSI falling below 30 once again could end up registering a similar performance. The only difference this time around is that the prices are at different levels, which points to a major difference in where the highs of the uptrend will be. Last time the RSI was this low, the price was trading at the $0.14 level. This time around, the analyst explains that Dogecoin sitting at $0.2 means that there is a higher low. The good thing about the formation of higher lows is the fact that they often lead to higher highs. In the event of another 70% increase in price from here, Dogecoin could end up rallying as high as $0.34 before it loses steam. However, this would still put it at more than 50% below its all-time high of $0.74, which was hit back in 2021 and has remained the peak for the meme coin. Related Reading: Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why As for the performance of the altcoin so far this month, after closing the month of July with a 27.1% gain, Dogecoin has already begun to give some of the gains back to the market. Data from CryptoRank shows that the cryptocurrency is already down by 5.31% this month and climbing. This is not out of the ordinary, as the month of August has historically been one of the most bearish months for the Dogecoin price. In fact, if the trend holds, then DOGE investors could be looking at an average of -10% decline this month and a close in the red. Featured image from Dall.E, chart from TradingView.com Source: newsbtc.com (Read Full Article)

Barry Silbert has made a notable return to Grayscale Investments, the asset management company and crypto exchange-traded fund (ETF) issuer, as chairman, just weeks after the crypto asset manager filed confidentially for an initial public offering (IPO) in the US.  Silbert, who founded Grayscale in 2013, takes over from Mark Shifke, who will remain on the board as the company prepares for its future as a publicly traded entity. This leadership transition also coincides with Grayscale’s plans to bring in independent directors to strengthen its governance. New Executive Team At Grayscale In a significant move to bolster its executive team, Grayscale has appointed four professionals with extensive backgrounds in traditional finance (TradFi).  According to the firm’s announcement made on Monday, the new hires include Diana Zhang as Chief Operating Officer, Ramona Boston as Chief Marketing Officer, Andrea Williams as Chief Communications Officer, and Maxwell Rosenthal as Chief Human Resources Officer.  Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ These executives join Grayscale from firms such as Bridgewater, Apollo, Goldman Sachs, and Citadel, reporting directly to CEO Peter Mintzberg, who has been at the helm since last year. Mintzberg stated:  This blend of institutional rigor and entrepreneurial drive shapes every aspect of how we operate at Grayscale, enabling us to deliver clients innovative investment strategies with the operating integrity they expect from a trusted partner. Silbert’s return comes at a critical juncture for the company, following a turbulent period marked by regulatory scrutiny. He stepped down as chairman in late 2023, just before the US Securities and Exchange Commission’s (SEC) ruling on spot Bitcoin ETFs, including Grayscale’s long-standing effort to convert its Bitcoin Trust (GBTC) into an ETF.  Around the same time, Silbert’s parent company, Digital Currency Group (DCG), faced legal challenges from New York’s attorney general regarding the collapse of crypto lending company Genesis, and its connections to crypto exchange Gemini’s Earn program, with Silbert himself named in the lawsuit. Regulatory Headwinds In his statement following the announcement, Silbert expressed his enthusiasm about rejoining Grayscale, emphasizing his belief in the company’s direction and the team leading it. Silbert noted: When I founded Grayscale in 2013, we saw an enormous opportunity to pioneer a new model for accessing and investing in digital assets, and to build the operational infrastructure that investors would ultimately demand. Today, I continue to have deep conviction in the company’s long-term positioning and in the leadership team guiding it forward. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level Grayscale currently manages over $35 billion across a variety of crypto investment products, including spot Bitcoin and Ethereum ETFs, as well as diversified digital asset funds. Earlier this year, DCG reached a $38 million settlement with the US Securities and Exchange Commission over allegations of misleading investors through Genesis Global Capital, a subsidiary of DCG.  The settlement adds to the ongoing regulatory challenges faced by DCG, as New York Attorney General Letitia James has also sued Gemini, Genesis, and DCG over a crypto lending program, alleging they defrauded over 29,000 New Yorkers while concealing $1.1 billion in losses. Featured image from Fortune, chart from TradingView.com Source: newsbtc.com (Read Full Article)

An independent market analyst who tracks on-chain order-flow data says South Korea’s Upbit exchange may now wield outsized influence over the spot price of XRP, the world’s fifth-largest crypto-asset by market capitalization. In a series of posts on X, the trader known as “Dom” (@traderview2) published a chart of cumulative-volume-delta (CVD) across eight venues that appears to show Korean selling pressure easing just as the token found a local bottom. Is Upbit In Control Of The XRP Price? “Korean market Upbit may actually control the price of XRP more than we think. Right when they stopped their selling pressure, we bottomed, despite Binance continuing its selling,” Dom wrote, adding that the market has “slowly staircased up since, with a potential TWAP happening on Coinbase (nearly 15 M $XRP accumulated since).” The 48-hour chart, covering 2–4 August, plots the net market buys and sells on Binance, Coinbase, Bybit, OKX, Kraken, Bitstamp and Upbit against XRP’s average spot price. While Binance’s CVD line (green) continued to grind lower—signalling sustained net selling—Upbit’s purple line flattened after an aggressive draw-down of roughly 35 million XRP. The inflection coincided with a reversal in the grey price line, suggesting that waning Korean offers may have removed the largest headwind even as Binance sellers pressed on. Related Reading: XRP MVRV Flashes Death Cross: More Decline Ahead? Dom’s thesis is not new. Since April he has repeatedly flagged what he calls “absurd size” flows on XRP/KRW at Upbit. On 6 May he noted –220 million XRP net sold since 11 April, equating to more than $500 million at the time. On 2 August he said Upbit had market-sold 40 million XRP in 24 hours, more than “all other venues combined.” Earlier snapshots on 6 and 16 April recorded 50 million and 30 million XRP of net selling respectively, with sell-side market orders accounting for over half of all prints. Related Reading: Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why Those figures matter because Upbit has evolved into one of the world’s deepest spot venues. Last month the Seoul-based platform processed $110.2 billion in volume—6.4 percent of global exchange turnover—ranking fourth behind Binance, Bitget and Bybit. Within its own order books, XRP often eclipses Bitcoin: CoinMarketCap data shows the XRP/KRW pair captured 24 percent of Upbit’s entire 24-hour volume (followed by ETH with 14.1% and BTC with 6.3%), translating to $444 million. While the data cannot establish causality, the pattern underscores what several liquidity-providers have observed since 2023: regional exchanges can dominate individual asset flows even when their share of total crypto activity appears modest. South-Korean retail enthusiasm for XRP already nurtured during the 2017 bull cycle and continues to funnel disproportionate size into the KRW market in this cycle as well. When that flow turns—as Dom’s dashboard shows—the global price seems to notice. At press time, XRP changed hands at $3.05, up 4.8% in the past 24 hours. Featured image created with DALL.E, chart from TradingView.com Source: newsbtc.com (Read Full Article)

Robert Kiyosaki is gearing up for what he calls the Bitcoin “August Curse.” He’s watching price moves around the $90,000 mark. If Bitcoin slides below that level, he plans to double his holdings. He already owns about 73 Bitcoins and wants to reach 100 by the end of the year. Related Reading: Bitcoin Finds Support At $114K, But Rally May Stall Without New Drivers Kiyosaki Eyes August Dip According to Kiyosaki, August has a history of sharp dips in Bitcoin’s value. He wrote on X that he hopes for a crash below $90,000 so he can add more coins. He’s not shy about laying out his plan. He’ll buy aggressively if that trigger hits. That kind of resolve comes from a believer who sees each sell-off as a chance to build a bigger stake. BITCOIN CURSE: Will the “Bitcoin A August Curse” crash Bitcoin’s price to below $90k? I hope so. I enjoyed an exciting educational summer attending “The Collective” and “Limitless Financial Education Event.” Learning about what lies ahead with speakers such as Larry… — Robert Kiyosaki (@theRealKiyosaki) August 4, 2025 At a recent finance event, he shared the stage with Jim Rickards and Brent Johnson. He called them top voices on what might be ahead for global markets. He also praised sessions with Larry Lepard and other speakers at gatherings named “The Collective” and “Limitless Financial Education Event.” He said these talks sharpened his view on why dips are opportunities, not disasters. Debt And Doubts At Fed Kiyosaki points fingers at Washington rather than crypto’s ups and downs. He blames a trillion-plus debt and “incompetent PhDs” running what he calls “the SWAMP” in the Fed and Treasury. He sees those running US money policy as the real risk. In his view, fixing that mess beats worrying over Bitcoin’s swings. Based on reports, he still sees Bitcoin alongside gold and silver as shields against a possible financial crisis. He has warned his 2 million-plus X followers that holding cash is risky. His long-term price goal for Bitcoin is $250,000 before the end of 2025. Thinking big helps him stay calm when the market gets rocky. Calls For Calm Amid Volatility While Bitcoin topped about $120,000 last month, it’s since see-sawed between $112k and $113 last week. Kiyosaki says those shifts will make investors richer if they buy when others panic. He urges people to ignore negative headlines and focus on buying in a downturn. That’s his lesson for anyone listening. Related Reading: Spot Bitcoin ETFs Bleed Over $800 Million: Second‑Largest Exit Ever – Details His strategy is simple. He treats fear as a buy signal and keeps an eye on calendar patterns. If you share his faith in Bitcoin’s long-term upside, this could feel like a smart move. But betting on a month-to-month pattern adds risk. If Bitcoin stays strong above $90,000 this August, his plan won’t play out. In that case, he’ll miss the chance to buy cheap. Bitcoin’s path is never straight. For Kiyosaki, market dips are part of the ride. Whether others follow his lead will depend on how much risk they can handle and if they believe in that “August Curse.” Featured image from BBC, chart from TradingView Source: newsbtc.com (Read Full Article)

The Tokyo-based company added 463 more Bitcoins to its treasury, investing approximately $52 million and bringing its total holdings near the $2 billion mark. As Japan’s most aggressive corporate Bitcoin buyer, Metaplanet continues to turn heads in both the crypto and traditional finance worlds. But while the corporate giant stacks coins like a vault on steroids, retail investors are focusing their attention elsewhere. But while the corporate giant stacks coins like a vault on steroids, retail investors are turning their attention elsewhere. A new crypto project is catching fire – one with memes, momentum, and a whole lot of buzz – called Bitcoin Hyper ($HYPER). Let’s examine Metaplanet’s latest move more closely and why savvy investors might be watching $HYPER next. Metaplanet Buys $52M Worth of Bitcoin, Nears $2B in Holdings Metaplanet has doubled down on its Bitcoin strategy by purchasing 463 more $BTC at an average price of $119,5K per coin. That brings its total holdings to 17,595 $BTC, valued at roughly $1.8B. The Tokyo-based firm now ranks among the top corporate Bitcoin holders globally, sitting just behind giants like Strategy. This move is a strategic effort to safeguard shareholder value amid rising inflation and a weakening yen. Metaplanet uses a metric called ‘$BTC Yield,’ which monitors the growth of its Bitcoin holdings relative to share dilution to evaluate its performance. Between July 1 and August 4, the company posted a $BTC Yield of 24.6%. In Q2 alone, it recorded an impressive 129.4% $BTC Yield with 5,237 $BTC gained – worth about $604M at that time. It’s a bold, crypto-forward strategy that’s paying off and transforming how corporate treasuries are managed. Bitcoin Hyper: The Layer 2 That’s Supercharging Bitcoin Bitcoin Hyper ($HYPER) is the fastest Layer 2 ever built for Bitcoin. It uses the Solana Virtual Machine (SVM) to deliver sub-second transactions and near-zero gas fees. This high-performance infrastructure brings smart contracts, meme coins, dApps, and DeFi directly into the Bitcoin ecosystem. Bitcoin Hyper functions as Bitcoin’s execution layer, where all activity – payments, trading, on-chain governance, and development – occurs. Bitcoin provides the foundation. $HYPER adds the speed and flexibility needed to support real-world use cases. Since the beginning, Bitcoin Hyper has enabled the smooth transfer of assets across Bitcoin, Ethereum, Solana, and other networks. Cross-chain functionality isn’t just an add-on – it’s integral to the system. Developers can access comprehensive tools, support, and incentives to build within the ecosystem. $HYPER powers everything. It’s used for transactions, staking, governance, and token launches. The network is designed to scale, grow, and support the next generation of Bitcoin-native apps and communities. Whether you’re launching a DAO or trading a meme coin, this is where it all happens. It’s fast, it’s meme-ready, and it’s finally making Bitcoin feel modern. Why $HYPER Is Getting So Much Attention The crypto presale has already passed $7M, and right now you can still buy $HYPER for just $0.012525. Investors are getting in early to earn staking rewards, airdrops, governance rights, and priority access to new launches within the Bitcoin Hyper ecosystem. Bitcoin Hyper combines strong fundamentals with high-speed infrastructure and a cross-chain design that links Bitcoin with Ethereum, Solana, and more. The project supports fast growth, active development, and participation from both users and builders. The timing is also increasing interest. Metaplanet’s recent $52M Bitcoin purchase demonstrates rising institutional demand for $BTC exposure. As focus shifts toward Bitcoin’s potential, many seek ways to get involved beyond just holding coins. Bitcoin Hyper offers a Layer 2 solution that brings speed, smart contracts, and culture into the mix, making it a compelling option for today’s crypto users. The Bigger Bitcoin Picture Metaplanet continues to expand its position in Bitcoin, treating it as a long-term part of its corporate direction. The recent $52M buy shows growing confidence in $BTC as a core asset, not just a temporary solution. Meanwhile, Bitcoin Hyper is attracting retail investors with a fresh approach – speed, usability, and real cross-chain functionality. It brings Bitcoin into the world of smart contracts, meme coins, and on-chain communities. Together, both moves highlight how interest in Bitcoin is evolving at every level of the market. This article is for informational purposes only and doesn’t constitute financial advice. Always do your own research (DYOR) before investing in crypto. Source: newsbtc.com (Read Full Article)

Crypto analyst Ripple Queen has made a bold prediction that the XRP price can reach $10,000 at some point. The analyst also highlighted factors that make this price target achievable despite how ambitious it is.  XRP Price To $10,000 Is Already On The Horizon In an X post, Ripple Queen declared that an XRP price tag of $10,000 is already “locked in.” She claimed that the math proves that the altcoin can reach this target and then alluded to how its supply is limited and its utility is unmatched. The analyst added that the world is catching up fast, indicating that more people are adopting XRP.  Related Reading: Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why Ripple Queen further stated that regulatory clarity is falling into place for the crypto industry, which is bullish for the XRP price. Thanks to this regulatory clarity, with laws like the GENIUS Act, Ripple is set to expand its operations, which will boost XRP’s adoption. The altcoin is known to be at the centre of the crypto firm’s operations. Ripple CTO David Schwartz also recently indicated that it will continue to be the bridge currency for their payment services.  In line with this, Ripple Queen remarked that mass adoption is no longer a dream but a countdown, which is why she believes that the XRP price will reach $10,000. The analyst also stated that banks and institutional investors are quietly accumulating, a move that she is confident will soon lead to a massive supply shock for the altcoin.  These institutional investors will also have an avenue to accumulate more XRP once the SEC approves the spot ETFs. Bloomberg analysts Eric Balchunas and James Seyffart have already predicted a 95% chance of approval for the XRP ETFs. The launch of these funds will drive more capital into the altcoin’s ecosystem, which is bullish for the XRP price.  Current Price Action On Journey To $10,000 Crypto analyst CasiTrades has provided insights into the current XRP price action, even as it eyes this projected rally to $10,000. In an X post, she stated that the price action isn’t bearish yet from a technical standpoint despite the recent correction. The analyst noted that the low at $2.75 remains above the wave 1 high around $2.65, which keeps the larger uptrend intact.   Related Reading: Analyst Says XRP Price Is Now In Wave 4 — What To Expect CasiTrades further revealed that bullish divergences are showing up on the 15-minute chart up to the 4-hour chart. She claimed that this supports the case that $2.75 could be the bottom of this corrective wave. Moving forward, the analyst stated that a proper reclaim of $3.21 and a strong break above this level would begin to confirm that the correction is over and that the next leg up is underway. If that happens, the next target zone will be between $4.60 and $4.80.  At the time of writing, the XRP price is trading at around $3.05, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com Source: newsbtc.com (Read Full Article)