CryptoTale News

Stablecoins maintain stability, despite a 9.7% decline in the overall market.

Exchange tokens and DeFi assets face significant losses amid broader market pressures.

Meme coins and AI tokens show vulnerability, prompting a shift toward stable assets.

The cryptocurrency market has faced a significant downturn over the past 24 hours, with a 9.7% drop in market capitalization, leaving the total value at approximately $3.21 trillion. While most categories in the market have seen sharp declines, stablecoins have stood out as the most resilient category. 

Their market cap, valued at $223 billion, saw only a slight decrease of 0.2%. This performance has raised questions about which category might surpass stablecoins as the top performer in the future.

Stablecoins is currently the only green category among the top categories on CoinGecko.

Which category do you think will be the first to surpass it? pic.twitter.com/AdFIuvwgvQ

— CoinGecko (@coingecko) February 3, 2025

Resilient Stablecoins Lead the Market

Stablecoins have demonstrated remarkable stability during this turbulent period. Despite the overall market decline, stablecoins’ slight decrease indicates a solid demand for price stability in the crypto market. 

The category has proven to be a safe haven in times of volatility. Other categories such as exchange-based tokens, decentralized finance (DeFi) assets, and meme coins have all experienced more significant declines.

Exchange Tokens and DeFi Suffer Larger Losses

Exchange-based tokens, which experienced an 11.4% decline, now hold a market cap of $126 billion. Meanwhile, DeFi assets saw a substantial 15.5% drop, bringing their value down to $106 billion. 

These categories, traditionally seen as integral parts of the cryptocurrency ecosystem, are facing pressure from a range of market factors, including broader economic conditions and investor sentiment. Hence, it’s unclear whether these categories will rebound soon or struggle to regain momentum.

Meme Coins and Other Categories Take a Hit

Meme coins were not spared, suffering a 19.2% drop that reduced their market capitalization to $74 billion. Additionally, real-world asset (RWA) tokens declined by 12.3%, and artificial intelligence (AI) tokens fell sharply by 19.2%, leaving their market caps at $34 billion and $26 billion, respectively. 

Despite their previous hype, these categories have shown signs of vulnerability amid the broader market pullback. Consequently, investors may be seeking more stable options, contributing to stablecoins’ relative strength.

Future Prospects: What Could Overtake Stablecoins?

Looking ahead, it is uncertain which category might surpass stablecoins in terms of market cap. Layer 2 solutions, which saw a significant drop of 20.2%, now hold a market capitalization of $17 billion, while gaming-related tokens (GameFi) saw a 19.9% decrease, leaving their market cap at $14 billion. 

The post Stablecoins on Top: What’s the Next Big Crypto Trend? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

XRP fell by 15.77% to $2.42 after a 10.46% drop, driven by SEC appeal uncertainty and heavy selling pressure testing $1.71 support.

Bearish technicals: RSI at 34.32 near oversold, MACD shows rising downside momentum, with resistance at $2.50 and $3.00.

If XRP holds $2.00, a rebound to $2.50-$2.80 is possible; failure may push prices toward $1.70-$2.00 amid strong bearish sentiment.

XRP has had a sharp decline on February 3, falling by 15.77% after a 10.46% drop the previous day, closing at $2.42. The drop followed continued uncertainty surrounding the SEC’s appeal decision, which is a crucial factor influencing XRP’s price movement. 

A withdrawal could lead to gains, while proceeding with the appeal may extend the downtrend. XRP’s market cap has decreased by 16.46% to $138.57 billion, leading to Tether overtaking it as the third largest digital asset with a market cap of $139.51 billion.

XRP’s Heavy Selling Pressure

XRP’s price showed an increased drop, with a large bearish daily candlestick showing strong selling pressure. XRP surged above $3 but reversed sharply, testing a low of $1.71. This level may serve as intraday support if buying pressure increases.

Source: Ali

The downturn followed an extended uptrend since October 2024, where volatility and trading volumes were high. The recent sell off suggests either a correction or a potential trend shift. 

XRP has a trading volume of $33.77B, an increase of 407.79% in the past day. Increased volume during a decline indicates aggressive selling. If this trend continues, downward pressure could persist in the short term. According to Ali, the TD Sequential indicator suggested selling XRP a week ago, indicating bearish sentiment.

Technical Indicators Show Bearish Momentum

XRP’s RSI has dropped to 34.32 from a peak of 57.53. This indicates that XRP is nearing oversold levels, though a further dip below 30 could lead to extended losses. If RSI stabilizes, a potential recovery may be evident around key support levels.

Source: TradingView

The MACD shows a bearish trend, with the MACD line crossing below the signal line. The negative histogram reading of -0.0975 suggests increasing downward momentum. Unless buying pressure strengthens, further declines remain possible.

Support and Resistance Levels

If XRP holds above $2.00, it may stabilize, but a break below could test $1.71 or even $1.50. Resistance is at $2.50, with barriers at $3 and $3.30. If sellers maintain control, the digital asset could extend its decline toward lower support zones.

According to Egrag Crypto, XRP could drop as low as $2.30, with $1.90 acting as a last defense level. If $3 remains untested, bearish sentiment could dominate in the short term.

#XRP – 21 EMA Update

Sorry for calling for this crash but the chart indicated it was a possibility.

We could see a drop as low as $2.30, with $1.90 being the last line of defense.

If you're looking for a dip to buy, this is it. But don’t let fear hold you back!

We… https://t.co/LMGpbgj02M pic.twitter.com/pGEzNQqgAY

— EGRAG CRYPTO (@egragcrypto) February 2, 2025

For February 4, XRP’s likely trading range depends on market conditions. A bullish scenario could see prices recovering to $2.50-$2.80, while a bearish outcome might push XRP to $1.70-$2.00.

The post XRP Price Prediction for February 4th: Will the Downtrend Continue? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Major whale’s $70M sale caused XRP’s price fluctuations and unrealized losses.

XRP faces a potential drop to $2.30, with $1.90 as the ultimate support level.

Market sentiment remains uncertain as inflows and outflows shift rapidly.

XRP’s price has experienced a significant shake-up following a massive sale of 30 million XRP, valued at approximately $70 million. The move by one of the largest XRP whales has not only caused price fluctuations but also led to a loss of nearly $1 billion in unrealized profits. 

Technical Indicators Suggest Price Decline Could Be Imminent

According to EGRAG CRYPTO’s analysis, XRP is currently testing critical technical levels that could indicate further downside. The 21 Exponential Moving Average (EMA) is being retested, with the lower boundary of the price triangle hovering around $2.93. 

While there is still some hope for support, EGRAG CRYPTO suggests that XRP could dip as low as $2.30. However, $1.90 is viewed as the ultimate support level. If the price reaches this point, it may be a crucial opportunity for long-term buyers.

#XRP – 21 EMA Update

Sorry for calling for this crash but the chart indicated it was a possibility.

We could see a drop as low as $2.30, with $1.90 being the last line of defense.

If you're looking for a dip to buy, this is it. But don’t let fear hold you back!

We… https://t.co/LMGpbgj02M pic.twitter.com/pGEzNQqgAY

— EGRAG CRYPTO (@egragcrypto) February 2, 2025

Key Resistance and Support Levels

Looking ahead, XRP’s price may be caught in a tug-of-war between potential upside and downside movements. On the upside, analysts have projected a possible target of $4 if the price breaks through resistance. 

Conversely, a downside breakout could lead XRP to hit $2.40. The possibility of either direction remains almost evenly balanced, with a 50% chance for each outcome. This suggests a high degree of market uncertainty, making it crucial for traders to stay vigilant.

Market Sentiment Shifts with Inflows and Outflows

Besides the technical indicators, XRP’s market sentiment has also been fluctuating in response to significant inflows and outflows. Data reveals that between April and November, outflows consistently outpaced inflows, which signaled bearish sentiment. 

Source: Coinglass

However, mid-November saw a notable spike in inflows, exceeding $200 million, which coincided with a price rally. December and early January saw inflows but were followed by sharp outflows exceeding $200 million as the price peaked near $3, signaling profit-taking.

Momentum Indicators Point Toward Bearish Pressure

XRP/USD daily price chart, Source: TradingView

As of press time trading at $2.40, two key momentum indicators, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are currently signaling bearish pressure. The RSI stands at 32.28, which is approaching oversold levels. This suggests a possible reversal if buyers begin to step in. 
However, the MACD is showing negative values, indicating continued downward momentum. With both indicators pointing toward further weakness, the market sentiment remains uncertain, and traders must assess their positions carefully.

The post XRP Faces Uncertainty After Major Whale Sells $70M, Analyst Predict Possible Decline appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Cardano’s price faces key support at $0.00039, with potential downside risks.

Oversold conditions suggest a possible short-term bounce for Cardano’s price.

Market forecasts predict Cardano could see 44.44% growth by February 2025.

Cardano (ADA) has recently experienced a notable decline, with its price dropping by 23%. After initially maintaining a stable price around $0.0004154, the cryptocurrency faced a sharp breakdown, triggering a downward trend. 

As a result, ADA’s price dropped by 6.15% in the last 24 hours. This significant movement has left investors questioning whether this dip represents a potential buying opportunity or if the downward trend will continue.

Support and Resistance Levels

The support level at $0.00039 has provided some stability after the sharp price drop. If the bearish trend persists, the next support zone could be near $0.00038. A break below this level may signal further downside movement, as market sentiment continues to influence the asset’s value.

Source: CoinMarketcap

On the other hand, resistance levels are crucial for understanding potential recovery points. The $0.00042 level served as a stable price range before the drop, and it may act as the first resistance if ADA attempts a recovery. 

Additionally, the $0.000415 level, where the initial breakdown occurred, remains a critical price point. A break above this level could indicate a potential reversal, as the market tests the strength of the previous support zone.

Technical Indicators: Is a Bounce on the Horizon?

ADA/USD daily price chart, Source: Trading view

ADA’s technical indicators provide further insight into its market conditions. The Relative Strength Index (RSI) is currently at 26.89, signaling oversold conditions. This suggests a possible short-term bounce or relief rally could be on the horizon. 

However, the MACD (Moving Average Convergence Divergence) shows a bearish crossover, with the MACD line below the signal line. This indicates that downward momentum remains intact, and any price recovery could face resistance.

ADA’s Market Outlook for February 2025

Looking ahead to February 2025, Coincodex market forecasts suggest that Cardano could experience significant growth, with a projected price increase of 44.44%. This could bring the average price to around $1.027, with fluctuations ranging from $0.655 to $1.386. If these projections hold true, ADA could offer a return of nearly 95% compared to its current price.

The post Cardano Price Dips 23%: Is This The Golden Opportunity? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Currently at $0.7393, ENA has dipped 3.0% in 24 hours but holds potential for a rally if key resistance levels break.

VET Faces Bearish Pressure – Trading at $0.04681, VET remains within a tight range; a breakout above $0.04861 could push it toward $1.20 or higher.

APT Struggles to Hold Support – Currently at $7.45, APT shows consistent selling pressure; a move above $8.37 is needed for a potential trend reversal.

At press time on February 1, ENA was trading at $0.7393, a 3.0% dip in 24 hours and 11.4% drop over the past week. ENA market cap is at $2.246 billion, down by 3.8%.

Source: Coinmarket Cap

Currently,ENA token is being closely watched, with analysts setting a target price of $1.67. Given recent market activity, ENA’s price trajectory suggests potential bullish momentum if key resistance levels are breached. The token’s support level remains crucial in determining whether a rally toward $1.67 is sustainable. 

VET’s Decrease Momentum as Bears Trends

VET has been showing bearish movement, with its current price sitting at $0.04681 reflecting a 0.13% decline in the past 24 hours. The price has remained within a relatively tight range, with higher lows suggesting building momentum. Its circulating supply stands at 80.98B VET, offering decent liquidity for market participants. 

Key support levels are seen at $0.04586 while resistance zones lie at $0.0278, $0.037 and 0.$0.04861. A potential breakout above $0.04861 could push the price higher, targeting $1.2 or beyond. However, the market remains cautious, with moderate volatility and healthy trading activity supporting continued consolidation within this range.

APT’s Struggle: Bearish Sentiment and Consolidation

APT on the other hand, is also facing a downtrend, with the price currently at $7.45, down 5.9% in the past day. This marks a continuation of the downward trajectory, where past recovery attempts have failed to maintain momentum. 

Despite significant market activity, with a 24-hour trading volume of $285.02 million, the market participation has dropped by over 8%. APT’s price is consolidating in a narrow range with key support levels at $7.44, $7.45 and $7.46.

Resistance levels lie at  $8.35,$8.36 and $8.37 here selling pressure has been particularly strong. A break above $8.37 might signal a potential reversal, but the overall sentiment remains bearish, marked by lower highs and consistent selling pressure.

The post Market Watch: ENA, VET, and APT Price Predictions appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

XRP faces resistance at $3.06 and $3.41, while support at $2.70 could prevent further declines if selling pressure increases.

The MACD shows bearish momentum, but a break above $3.50 could trigger a parabolic rally, potentially pushing XRP toward $14.

Regulatory optimism, including SEC leadership changes, boosts investor confidence, but uncertainty keeps XRP consolidating below key levels.

Ripple released its Q4 2024 XRP Markets Report on January 31, showing influential moments in the crypto market. XRP saw a 280% price movement as regulatory uncertainty diminished, boosting investor confidence. 

The Q4 XRP Markets Report is here: https://t.co/o9JkhxgGT7

The final quarter of 2024 brought key developments for XRP and the broader crypto industry:

280% price movement – As regulatory uncertainty faded, XRP demand soared.

Policy shift – U.S. shifts toward regulatory…

— Ripple (@Ripple) January 31, 2025

On February 1, at the time of publication, XRP was trading at $2.98, a 3.16% decline in 24 hours and a 3.63% drop over the past week. However, the token remained 24.37% higher over the past month, with a market cap of $172.04 billion, a 3.11% decline.

Price Levels and Indicators

XRP traded between $2.94 and $3.07 on February 1, with a trading volume of 54.72 million XRP. XRP has immediate support at $2.70, which aligns with the lower Bollinger Band. If selling pressure increases, this level could act as a demand zone. 

Source: TradingView

A mid level support at $2.80 is the psychological barrier that could provide a temporary price bounce. On the upside, the first resistance is at $3.06, coinciding with the middle Bollinger Band and the 20 day SMA. 

Breaking above this level could restore bullish momentum. A second resistance at $3.41, aligns with the upper Bollinger Band, a zone where sellers might emerge. Bollinger Bands indicate that price movement remains below the middle band, suggesting bearish pressure. 

If XRP moves above $3.06, buyers could push it toward $3.42. However, a drop below $2.70 could extend losses to $2.50 or lower.

Bearish Momentum and Market Outlook

The MACD shows a bearish crossover, with the MACD line at 0.1350 moving below the signal line at 0.1746. A declining histogram at -0.0396 further confirms the weakening momentum. If the MACD line crosses below zero, stronger downside movement could follow. However, a bullish crossover could shift momentum in favor of buyers.

If XRP fails to break $3.06, it could decline toward $2.80. A drop below $2.70 could push prices further down to $2.50. On the positive side, reclaiming $3.06 could lead to a rally toward $3.42, with an extended breakout potentially leading to a $3.70-$3.90 range.

Potential for a Larger Move

According to Steph is Crypto, XRP’s current market pattern resembles past price compression phases before parabolic rallies. The previous breakout saw a 484.16% surge, taking the price up by $2.38 from its base. 

Source: Steph is Crypto

The pattern suggests XRP might be in an accumulation phase, preparing for another large move. If XRP surpasses $3.50, a breakout could lead to a major rally. Historical trends show that Bollinger Band squeezes often precede strong price movements. 

The next resistance at $5 is a psychological barrier, and a sustained move above this level could confirm a long term uptrend. If the historical pattern repeats, XRP could rally toward $14, a 484.08% increase.

As per Steph this is a compression phase rather than a dip. A break above $3.50 with strong volume could indicate the start of a major move, while failure to break the resistance may result in further consolidation or downside pressure.

Ripple and SEC Case

Optimism grew over the possibility of the SEC withdrawing its appeal against the Programmatic Sales of XRP ruling. Former SEC Commissioner Paul Atkins’ nomination as the next SEC Chair by President Trump added to the bullish sentiment. 

Legal experts believe Atkins could change the SEC’s stance on crypto enforcement. Despite this, XRP pulled back from its December high of $3.39 as investors awaited confirmation on the Ripple case. Speculations are that Acting Chair Mark Uyeda might delay decisions until Atkins assumes office. 

The post XRP Price Prediction for February 01 appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

ADA has declined 1.5%, with support at $0.9364, while trading volume remains strong at $629.9M.

ADA struggles near $0.98, forming a symmetrical triangle, hinting at a possible 40% breakout if bullish momentum builds.

MACD signals weakness, and RSI at 46.75 shows a neutral stance, leaving ADA awaiting a decisive move.

Cardano (ADA) has recently faced a turbulent period, hitting a low of  $0.9373 leading to a massive sell-off in the cryptocurrency market. ADA/USDT  current trading volume is $629,980,170 , which has led ADA to a 1.5% decline over the last 24 hours. This drop follows a downward trend since its recent high near $1.20. 

With the price sitting just above a critical support zone, the coming days could shape ADA’s trajectory for early 2025. According to analyst of technical indicators Ali, the Cardano $ADA token has formed a symmetrical triangular pattern that indicates the potential start of a 40% price increase.

https://twitter.com/ali_charts/status/1885256205268115527

Cardano Key Support and Resistance Levels

Cardano’s immediate support lies at $0.9364 a significant level formed during previous consolidations. If this zone holds, the price might consolidate near $0.98. However, a decisive break below $0. 93 could lead to further declines, with $0.90 serving as the next critical support level. 

Additionally, ADA’s value against Bitcoin (BTC) is 0.059175 BTC, showing a 0.6% increase, indicating that while ADA has weakened in dollar value, it has performed slightly better when compared to Bitcoin. The narrow trading range indicates a consolidation phase, where ADA is struggling to break above $0.98. If the price can breach this level, it could trigger further upward movement. 

ADA RSI and MACD Technical Indicators 

Source:Trading View

ADA’s technical indicators suggest a mild bullish trend with the Relative Strength Index (RSI) currently trading at 46.75, indicating a neutral market with no extreme overbought or oversold conditions. 

In the meantime,the MACD line is trading below the signal line suggesting that ADA price momentum is weakening with bears in control.Conversely  the trading bars are red showing a bearish signal and indicating potential downward price momentum. Overall, ADA remains in a consolidation zone, awaiting a decisive breakout in either direction.

The post Cardano Price Prediction – Will Bulls or Bears Prevail? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Grayscale’s spot Dogecoin ETF filing could open new liquidity for $DOGE.

Dogecoin’s regulatory advantage over other altcoins may accelerate ETF approval.

Growing competition in the Dogecoin ETF race adds pressure for faster approval.

Grayscale has made a bold move by filing with the SEC for approval of a spot Dogecoin ETF. This follows the company’s launch of its Dogecoin Trust, marking a significant step toward expanding its ETF portfolio. 

As the race to launch a Dogecoin ETF heats up, industry observers are paying close attention to how this filing could affect Dogecoin’s price. The ETF would provide investors exposure to $DOGE without needing to hold the digital asset directly. While this could bring new liquidity into the market, several factors will determine whether Dogecoin’s price sees an immediate surge.

Grayscale’s ETF Proposal and the Regulatory Landscape

Grayscale has filed a 19b-4 form with NYSE Arca, seeking to list and trade shares of its proposed spot Dogecoin ETF. This filing is a regulatory requirement for any new ETF listings. 

The SEC has 45 days to review the proposal and can approve, disapprove, or extend the review period. Grayscale has been active in the ETF space, securing approvals for Bitcoin and Ethereum ETFs last year. The company’s legal victory in August 2023, when the court ruled the SEC’s rejection of its Bitcoin ETF as “arbitrary and capricious,” has paved the way for this new move.

Unlike Bitcoin, Dogecoin is not facing legal challenges with the SEC, which could expedite the approval process. Additionally, Dogecoin’s use case is broader than just a store of value. The digital currency can be used for payments, both on digital platforms and as transaction fees on the Dogecoin network. These factors could give Dogecoin a regulatory advantage over other cryptocurrencies, like Solana and XRP, which have faced SEC disputes.

Dogecoin ETF Competition

As Grayscale pushes forward with its Dogecoin ETF proposal, it faces growing competition. Bitwise has also filed its own application to track the spot price of Dogecoin, adding further pressure to the market. 

With multiple firms now targeting a Dogecoin ETF, the landscape is becoming crowded. Eric Balchunas, an ETF analyst, noted that Grayscale’s move to convert its Dogecoin Trust into an ETF on the same day of launch is unprecedented. This strategic move might draw more attention to Dogecoin, especially if it leads to faster regulatory approval.

Grayscale is launching a Dogecoin Trust, which is NOT an ETF. The fee is 2.5%. pic.twitter.com/jJG8NIq42G

— Eric Balchunas (@EricBalchunas) January 31, 2025

Current Market Conditions

DOGE/USD daily price chart, Source: Trading view

At the time of writing, Dogecoin is trading at $0.324077, with a trading volume of approximately $1.76 billion in the last 24 hours. Despite a slight drop of 0.90% in the past day, the market remains relatively neutral, as indicated by the RSI of 46.14. This suggests that Dogecoin is not yet in an oversold or overbought territory, which means the market could experience a shift soon. 

The MACD, which is below the signal line and showing negative histogram bars, points to bearish short-term momentum. However, this could reverse if buying pressure increases.

The post Dogecoin Spot ETF Filing: Will $DOGE See a Price Surge? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Retail investors have substantially reduced exposure to TON, but the rising staking TVL ratio suggests strong long term holder confidence.

Toncoin must break above the $5 resistance level to confirm a bullish trend, with key resistance at $5.94 and strong support at $4.45.

The recent arrest of Telegram’s CEO has negatively impacted TON, and a drop below $4.63 could push prices lower to $3.77 or $2.72.

Toncoin (TON) has had a sharp decline in investor confidence, with strong deleveraging across decentralized exchanges (DEXs), centralized exchanges (CEXs), derivatives, and options markets, according to CryptoQuant. 

Many retail investors have exited their positions, reducing their exposure. However, the Staking TVL Ratio is rising, indicating that some investors are still holding TON with long-term conviction. 

Analyst Dark Knight noted that a break above the $5 level could lead to a bullish move, while analyst Ali warned that recent events might push TON into further decline.

Retail Capitulation and Current Market Metrics

Retail investors have substantially reduced their exposure to TON, as total value locked (TVL) in trading platforms has dropped. This decrease suggests widespread discouragement among investors. 

Historically, such capitulation often creates opportunities for large players to accumulate assets at lower prices. Despite this, the Staking TVL Ratio has started to increase, showing that some investors prefer staking over selling, suggesting confidence in the asset’s long term potential.

At press time, Toncoin was trading at $4.89, up 0.98% in the past 24 hours but down 13.55% over the past month. The market cap is at $12.16 billion, a 1.03% increase.

Price Levels and Technical Indicators

According to Dark Knight, TON is up for an upward move but awaits confirmation of a breakout above $5. A strong breakout with high volume could suggest the end of its downtrend. 

Source: Dark Knight

However, price movements remain within a descending pattern, showing continued bearish pressure. Key resistance is at $5.18, where a breakout could indicate a shift in market momentum. 

Another resistance is at $5.94, aligning with the 50 day and 200 SMA. A decisive move above this level could strengthen bullish sentiment. Strong support is at $4.45, a crucial Fib retracement level. 

A break below this could lead to further declines, with $4.20 as the next important level. The RSI is at 39.68, indicating weak momentum. A drop below 30 could suggest oversold conditions, while a move above 50 would signal a potential recovery. 

The MACD is in negative territory, confirming ongoing bearish sentiment. However, the histogram shows decreasing negative momentum, suggesting a slowdown in selling pressure.

Source: TradingView

Analyst’s Bearish Views

Ali warned that TON could face dip risks, citing the recent arrest of Telegram CEO Pavel Durov in Paris on August 25, 2024. Following this event, Toncoin network activity had a sharp decline. 

#Toncoin $TON could be about to plummet! pic.twitter.com/NWpgk926BE

— Ali (@ali_charts) January 30, 2025

Daily active addresses dropped from over 1,800 to just 181, and investors offloaded more than 860,000 TON tokens. 610,000 of these tokens moved to exchanges, indicating potential sell offs.

Adding to the bearish outlook, the super trend indicator has shown a sell signal on the three day timeframe. If TON breaks below the $4.63 support level, it could drop further to $3.77 or even $2.72, according to Ali.

He says monitoring is essential to see whether TON can reclaim the $5 resistance or if further downside movement is imminent. The coming days will be crucial in determining the asset’s next move.

The post Has Retail Capitulation Set the Stage for a TON Price Rebound? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Bitcoin’s aNUPL suggests a bullish market without signs of overheating.

The $98K price level acts as a key support and resistance zone for Bitcoin.

Kiyosaki views potential Bitcoin price crash as an opportunity to accumulate.

Bitcoin remains in a phase of confidence, but analysts suggest it has yet to enter the euphoria stage. Axel Adler Jr., a market analyst, notes that the adjusted Net Unrealized Profit/Loss (aNUPL) indicator shows Bitcoin maintaining a bullish trajectory without overheating. The indicator remains below the critical threshold of 0.7–0.8, signaling that while optimism is present, extreme speculative enthusiasm has not yet taken hold.

Bitcoin Market Stability and Support Levels

Bitcoin’s aNUPL value hovers around 0.4, reflecting a moderate level of accumulated profit. This is significantly lower than the peak levels seen in 2017 and 2021, when excessive optimism drove the indicator above 0.7. 

Source: X

The market remains in a strong position, with data from Glassnode indicating that over the past 45 days, a significant amount of Bitcoin has exchanged hands within the $94,000–$101,000 range. This has created a dense supply cluster near $98,000.

The longer Bitcoin’s price consolidates within this range, the stronger this zone will act as a support level during market corrections. Additionally, in the event of a rally, this range could serve as resistance. Analysts suggest that Bitcoin’s ability to hold this level will play a key role in determining its next major move.

Over the last 45 days, a high volume of $BTC has exchanged hands in the $94K – $101K range, forming a dense supply cluster near $98K: https://t.co/sdnq8DQcyy

Why it matters: The longer the price consolidates within or above this range, the stronger this area will act as… pic.twitter.com/OSQif6DvWp

— glassnode (@glassnode) January 31, 2025

Potential Market Impact from Economic Policies

Robert Kiyosaki, a well-known investor and author, predicts a possible market downturn as new economic policies come into effect. With the introduction of tariffs under former President Donald Trump’s policies, Kiyosaki foresees a decline in the prices of Bitcoin, gold, and silver. Bitcoin has already experienced a 2% dip, currently trading at $102,183.

TRUMP TARRIFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer.

— Robert Kiyosaki (@theRealKiyosaki) January 31, 2025

Despite the potential downturn, Kiyosaki views price crashes as opportunities. He believes asset price declines provide a chance for accumulation and wealth-building. He has expressed intentions to purchase more Bitcoin if the price drops further, emphasizing that market crashes often lead to discounted buying opportunities.

The US National Debt and Bitcoin’s Role

The growing US national debt remains a pressing issue, now surpassing $36.4 trillion. While Trump previously suggested integrating Bitcoin into national reserves or even using it to offset debt, the feasibility of such a move remains uncertain. 

Newly appointed Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, aims to curb excessive government spending and mitigate further debt accumulation.

The post Bitcoin Shows Bullish Strength Without Overheating – What’s Next? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Cardano Faces Resistance at $0.96, Potential Breakout Could Push ADA Higher

Increased Market Activity Signals Strong Engagement Despite Price Decline

February 2025 Prediction Shows Potential for 70.95% Growth in ADA Price

Cardano’s (ADA) price trend is attracting increasing attention as February begins. Despite a slight decline in its price, Cardano remains an intriguing cryptocurrency, with market observers anticipating a significant turn of events in the upcoming month. 

Charles Hoskinson, the founder of Cardano, recently teased the community, hinting at upcoming developments that could make February an exciting month for ADA holders. These developments, although not fully disclosed, have created an air of anticipation. 

JUST IN: #Cardano $ADA Founder Charles Hoskinson says "February is going to be a very crazy month. We got some stuff going on, I can't talk about it now, but you're gonna see, it's gonna be fun." pic.twitter.com/E11hfx9Dy3

— Angry Crypto Show (@angrycryptoshow) January 31, 2025

Market Activity and Volume Analysis

At the time of writing, Cardano is trading at $0.9406, reflecting a 1.88% decline over the last 24 hours. This price dip, however, doesn’t tell the full story. The trading volume during the same period has risen by 10.84%, reaching $673.77 million. This increase in volume indicates a surge in market activity, despite the price pullback. 

The volume-to-market cap ratio of 2.03% suggests moderate liquidity, which is essential for efficient price movement. Thus, while ADA faces some downward pressure, its market engagement remains strong.

Price Action and Key Levels

Cardano opened the day at around $0.9586, but was quickly met with resistance. The price struggled to stay above this level, leading to fluctuations throughout the day. A high of $0.97 was reached, but this too acted as a resistance point. 

Subsequently, ADA faced a downward trend, reaching a low of $0.94, where it found support. Currently, the price is consolidating at this support level, testing its ability to hold steady. 

Source: CoinMarketcap

If ADA breaks below the $0.94 mark, the next significant support level to watch is $0.93. However, if the price bounces back, resistance levels at $0.96 and $0.97 could come into play.

RSI and MACD Indicators

ADA/USD daily price chart, Source: Trading view

The RSI stands at 45, suggesting a neutral stance for ADA, although it is closer to the oversold zone. A drop below 40 could signal growing bearish momentum. On the other hand, a rise above 50 may indicate a recovery toward a more bullish trend. 

The MACD currently shows bearish momentum as the MACD line is below the signal line. However, if the MACD crosses above the signal line, it may signal a potential trend reversal, indicating a shift toward upward movement.

February 2025 Price Prediction

Looking ahead, Coincodex market analysts are forecasting a strong growth potential for Cardano in February 2025. ADA is expected to surge by as much as 70.95%, with an average price prediction of $1.60942. The anticipated price range for February is between $0.950585 and $2.31, offering the potential for a 145.67% return compared to its current price. 

The post Cardano Founder: “February is going to be a very crazy month. You’ll see.” appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

SUI shows bullish trends with strong support levels, eyeing potential breakout.

XRP faces continued bearish sentiment, struggling to sustain recovery momentum.

Bitcoin adoption as a reserve asset may boost Layer-1 blockchains like SUI and XRP.

The potential adoption of Bitcoin (BTC) as a national reserve by various nations has sparked debates, particularly with the European Central Bank (ECB) navigating this controversial move. Central banks worldwide, especially the US Federal Reserve, are increasingly exploring ways to bolster their balance sheets to counter the growing national debt. 

Bitcoin has already proven its strategic benefits through El Salvador’s success, with other nations now considering it as a reserve asset. As this trend continues, attention is shifting toward how US-based Layer-1 blockchains like SUI and XRP might stand to benefit from such adoption.

SUI’s Growing Momentum: Bullish Trends Amid Tight Ranges

SUI has been showing bullish movement, with its current price sitting at $4.16, reflecting a 2.33% gain in the past 24 hours. The price has remained within a relatively tight range, with higher lows suggesting building momentum. Its circulating supply stands at 3 billion SUI, offering decent liquidity for market participants. 

Key support levels are seen at $4.05, $4.00, and $3.95, while resistance zones lie at $4.20, $4.25, and $4.30. A potential breakout above $4.20 could push the price higher, targeting $4.25 or beyond. However, the market remains cautious, with moderate volatility and healthy trading activity supporting continued consolidation within this range.

XRP’s Struggle: Bearish Sentiment and Consolidation

XRP, on the other hand, is facing a downtrend, with the price currently at $3.08, down 0.92% in the past day. This marks a continuation of the downward trajectory, where past recovery attempts have failed to maintain momentum. 

Despite significant market activity, with a 24-hour trading volume of $4.71 billion, the market participation has dropped by over 30%. XRP’s price is consolidating in a narrow range between $3.06 and $3.10, with key support levels at $3.06, $3.03, and $3.00. 

Resistance levels lie at $3.10, $3.14, and $3.20, where selling pressure has been particularly strong. A break above $3.20 might signal a potential reversal, but the overall sentiment remains bearish, marked by lower highs and consistent selling pressure.

The post From SUI to XRP – Which US Layer-1s Could Benefit from National Reserve Adoption? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Shiba Inu’s burn rate surged 7,240.75% in 24 hours, removing 1.1B SHIB, potentially influencing supply dynamics and price trends.

SHIB trades at $0.00001862, down by 10.59% this month, with technical indicators showing weak buying strength but signs of stabilization.

Support at $0.00001800 and resistance at $0.00002000 define SHIB’s trend, with RSI and MACD movements key to future price direction.

Shiba Inu (SHIB) has seen notable price fluctuations in January, trading at $0.00001862 at the time of writing. The price has declined by 10.59% since the start of the month. 

Despite this, market data from Shibburn indicates an increase in the asset’s burn rate, which may influence price. The total SHIB supply is at 589.25 trillion, while its market capitalization is at $10.98 billion, a 0.22% rise.

Shiba Inu Burn Rate Surges 

According to Shibburn, SHIB burn activity has significantly increased. In the past 24 hours, 1.1 billion tokens were burned, a 7,240.75% rise. Over the past week, 1.14 billion SHIB tokens have been removed from circulation, up 2,506.34%.

HOURLY SHIB UPDATE$SHIB Price: $0.00001858 (1hr -0.10% ▼ | 24hr 0.16% ▲ )
Market Cap: $10,947,613,547 (0.22% ▲)
Total Supply: 589,255,703,830,992

TOKENS BURNT
Past 24Hrs: 1,104,706,719 (7240.75% ▲)
Past 7 Days: 1,144,849,985 (2506.34% ▲)

— Shibburn (@shibburn) January 31, 2025

Additionally, 1 billion SHIB were recently transferred to a dead wallet, reducing the available supply.This rise in burn activity alligns with a volatile price trend. Crypto analyst Zach Humphries noted on X that nearly 74% of SHIB holders have retained their positions. 

This is over a year, indicating sustained market interest. About 47% of holders are currently in profit. However, potential sell offs from profitable holders may introduce volatility in the near term.

IMPORTANT $SHIB METRICS RIGHT NOW TO LOOK AT. 47% ARE IN THE MONEY. 74% HAVE HELD MORE THAN A YEAR. pic.twitter.com/0IMxPFRajG

— Zach Humphries (@Z_Humphries) January 30, 2025

Price Levels and Technical Indicators

SHIB daily trading levels show mixed market conditions. The daily open price is at $0.00001868, with a high of $0.00001887 and a low of $0.00001848. 

Source: TradingView

Trading volume remains moderate at 516.24 billion SHIB.Technical indicators show the ongoing bearish momentum. The RSI is at 38.23, below the neutral level, suggesting weak buying strength. 

However, RSI has slightly recovered from lower levels, indicating a possible stabilization. A rise above 40-45 would indicate stronger bullish momentum, while remaining below 40 could suggest continued weakness.The MACD indicator also points to a bearish trend. 

The MACD line remains below the signal line, but histogram bars are narrowing, implying a reduction in selling pressure. If the MACD crosses above the signal line, it may indicate a short term recovery.

Market Scenarios 

SHIB’s price patterns show a downtrend since December, forming lower highs and lows. Current support is around $0.00001800, with resistance near $0.00002000. A breakout above resistance could indicate a reversal, while a drop below support may extend losses.

If buying pressure increases, SHIB could rise to $0.00001950 – $0.00002100, with a bullish MACD crossover and RSI above 45 supporting upward movement. However, if selling pressure persists, SHIB may decline to $0.00001750 – $0.00001800, with a low RSI and continued bearish MACD confirming this trend.

Monitoring volume, RSI levels, and MACD movements is essential to predict potential trend changes. A breakout above $0.00002000 could strengthen bullish momentum, while failure to hold above $0.00001800 may lead to further downside.

The post SHIB Price Prediction February 1: Key Levels and Market Trends appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

XRP rebounds 13.4% in market cap, signaling resilience despite network concerns.

Polymarket predicts 82% chance of XRP ETF approval in 2025, fueling optimism.

Ripple’s ongoing SEC battle could determine XRP’s future in the crypto market.

Ripple’s XRP has been making waves in the crypto space recently, with contrasting perspectives shaping its potential future. A recent analysis from Altcoin Daily raised concerns over XRP’s viability, pointing out fundamental flaws and the potential breakdown of trust within the network. 

Despite this, XRP’s market cap has rebounded sharply by 13.4% in just a few days, following a recent dip. This quick recovery highlights the cryptocurrency’s resilience, though ongoing developments could determine its next moves.

Ripple #XRP Going to ZERO?!

"I see a lot of fundamental flaws in $XRP in particular"

"That fragmentation of trust will really lead to a BREAKDOWN of the network" pic.twitter.com/kJstXNsNZF

— Altcoin Daily (@AltcoinDailyio) January 30, 2025

XRP’s Market Performance and Investor Sentiment

As of press time, XRP is trading at $3.08 with a 24-hour trading volume of approximately $4.73 billion, showing a slight dip of 0.80%. XRP’s current status is intriguing, considering the market’s continued interest despite concerns about the network’s fragmentation. 

According to Santiment data, 4.34 million non-empty wallets hold under 100 XRP, a small investment worth around $313. This represents a substantial 71.5% of the 6.07 million non-empty wallets on the XRP Ledger. The numbers suggest that XRP retains a widespread user base, though some have expressed doubts about the long-term viability of the network.

Since its dip 3 days ago, XRP's market cap has quickly rebounded +13.4%. 4.34M non-empty wallets currently hold less than 100 XRP (currently $313 or less). This is approximately 71.5% of the 6.07M total non-empty wallets currently sitting on the XRP Ledger. pic.twitter.com/ANl9XkBCze

— Santiment (@santimentfeed) January 30, 2025

Outlook for an XRP ETF Approval

On the flip side, there is growing optimism about XRP’s potential approval for an exchange-traded fund (ETF). Polymarket data suggest 82% chance of an XRP ETF being approved in 2025. 

These projections follow the political shifts in the U.S., particularly with Donald Trump’s victory and the restructuring of the Securities and Exchange Commission (SEC). The momentum surrounding XRP ETF approval has been palpable since the SEC under Gary Gensler previously overlooked XRP filings. 

The new SEC leadership, under Mark Udeya, has signaled a willingness to reconsider applications that were once blocked, including XRP’s. This shift could pave the way for XRP to join Bitcoin and Ethereum as the third cryptocurrency to be included in the U.S. market through an ETF.

The Ripple vs. SEC Legal Battle and Its Potential Resolution

XRP’s path to an ETF approval is still clouded by its ongoing legal battle with the SEC. The outcome of this dispute could significantly impact XRP’s future in the market. Approval of an ETF could signal the end of the legal standoff and help restore investor confidence. 

The surge in ETF applications for various cryptocurrencies, including XRP, marks a broader shift in regulatory attitudes. Major firms such as Bitwise, WisdomTree, and 21Shares have already submitted their applications, reinforcing expectations that the landscape for crypto ETFs could soon change.

The post Ripple’s Potential to Enter the ETF Market Amid Legal and Market Fluctuations appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

JASMY surged by 24.09%, testing $0.035 resistance. A breakout could drive prices toward $0.040-$0.045, while support is at $0.027.

JASMY’s 50 day EMA at $0.031 has turned into support, while RSI at 54 and MACD bullish crossover signal strengthening momentum.

Sustaining RSI above 50 and closing above $0.035 would confirm an uptrend, while failure may trigger a pullback toward $0.027-$0.025.

JASMY has been consolidating for months, remaining in a tight trading range since March 2024. However, recent price movement suggests a shift, with a strong rally pushing prices higher. 

Over the past 24 hours, JASMY surged by 24.09% and 18.47% increase in the past week. At the time of publication, JASMY was trading at $0.03235 with a market cap of $1.6 billion. This has led to speculation about a potential breakout from its prolonged consolidation.

JASMY’s Price and Key Resistance Levels

JASMY reached a high of $0.059 in December 2024 before retracing. The price has rebounded from strong support between $0.022 and $0.024. According to Steph is Crypto, JASMY has traded within the same range for nearly a year. 

JASMY is attempting to breakout above a downward trendline from December 2024. If confirmed, this could indicate a reversal. The next key resistance is at $0.033, aligning with the 0.382 Fibonacci retracement level. 

Historically, this level has acted as a rejection point, notably in July 2024. A confirmed break above $0.035 with a daily close would suggest a potential rally toward $0.040-$0.045. However, failure to sustain momentum could lead to a retest of support at $0.027.

Technical Indicators Support the Bullish Momentum

Indicators suggest increasing bullish strength. The 50 day EMA, at $0.031, has shifted from resistance to support. 

Source: BingX

Meanwhile, the 200 day EMA at $0.027 has provided strong backing during recent pullbacks. A sustained move above these levels could lead to a rally. The RSI is at 54, moving above the neutral 50 level. 

This suggests strengthening momentum, though the RSI remains below overbought conditions, indicating further upside potential. The MACD shows a bullish crossover, with green histogram bars forming. If MACD sustains positive momentum, further price gains could follow.

Market Outlook and Future Price Scenarios

JASMY’s price pattern suggests accumulation at lower levels, followed by a breakout attempt. A confirmed close above $0.035 could fuel a rally toward $0.040-$0.045.

Maintaining support above $0.031 and sustaining RSI above 50 would indicate continued upside momentum. Failure to hold above $0.031 may lead to a retest of the $0.027 support level. 

If JASMY falls below $0.027, further declines toward $0.022-$0.025 could occur. Volume will be important in confirming this breakout. Increased trading volume would strengthen the bullish signals, while declining volume could indicate a false breakout. 

The post JASMY in Discounted Zone: Is a Breakout on the Horizon? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

NVIDIA’s drop could drive businesses toward decentralized AI solutions like Render ($RENDER) and Akash ($AKT).

A decline in centralized computing power may boost adoption of blockchain-based AI and computing networks.

While NVIDIA faces turbulence, AI-focused cryptocurrencies such as $TAO and $NEAR show resilience and potential for growth.

Nvidia was trading down by 17% with other stocks less -10% leading to crypto down by 23%. While people are panicking, AI and  depin are set to surge. The recent downturn in NVIDIA’s price has become a subject of industry interest among technology sectors as well as cryptocurrency markets.

DeepSeek just changed AI forever by flipping ChatGPT

Nvidia is down 17%, other stocks -10%, crypto is down 23%

While everyone panics, I found the real reason for the dump

Here's what happens next and list of tokens with 100x upside pic.twitter.com/iWVZZS7m3W

— Atlas (@crptAtlas) January 27, 2025

While the decline raises concerns among investors, it also presents new opportunities, particularly in the realm of artificial intelligence (AI) and decentralized physical infrastructure networks (DePIN). 

With growing interest in decentralized solutions, digital assets such as Render ($RENDER), Akash Network ($AKT), Bittensor ($TAO), and Near Protocol ($NEAR) could see increased adoption and market activity.

AI and DePIN as Emerging Trends

As demand for AI processing power rises, decentralized alternatives are gaining traction. DePIN projects aim to democratize access to computing power, storage, and other essential resources by leveraging blockchain technology. 

As of press time, Data from token metrics show DePin was trading at $0.01 with its market cap down by 11.37% and its 24-hour trading volume at $82,293.00 down by 0.40%. Thus, A decline in NVDA’s valuation could push businesses and developers to seek alternative solutions, opening doors for decentralized computing networks like Depin.

Cryptocurrencies Poised for Growth

With NVIDIA’s potential slowdown, blockchain projects focusing on AI and computing power could gain prominence. Render ($RENDER) with its decentralized GPU rendering solutions is currently in bullish momentum with a price surge of 3.2% showing investors growth. Akash on the other hand, is trading at  $2.63 with a 1.8% surge.

Network ($AKT) which offers cloud computing services without relying on centralized providers is also up by 1.6%. Bittensor ($TAO) facilitates machine learning processes via blockchain, and Near Protocol ($NEAR) enhances scalability for decentralized applications. These assets are positioned to benefit from a growing shift toward decentralized AI and computing solutions.

While the decline in NVDA’s stock may cause uncertainty, it simultaneously highlights the need for diversified computing power sources. The growing reliance on AI and the increasing adoption of blockchain-based solutions suggest that decentralized projects could play a critical role in shaping the next phase of technological innovation. 

The post NVIDIA’s Decline: A Catalyst for AI & DePIN Crypto Growth appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

XRP’s market behavior mirrors 2017 breakout, suggesting significant upside potential.

Retail adoption surges, with small wallet growth fueling XRP’s market momentum.

Inflows surpass outflows, signaling potential for renewed upward price movement.

XRP has recently experienced a significant uptick in its market activity, with an intriguing pattern formation that resembles the 2017 breakout. Analyst JAVON MARKS highlights that this new breakout is larger, more than double the size of its previous formation, which eventually led to two target prices being met. XRP’s price has now hit its first target, and the next goal could be as high as $99, a 2,900% increase from its current position.

In simple form, $XRP broke out of a pattern that highly resembles the 2017 pattern, but in a much larger form, more than DOUBLE the size!

The 2017 breakout resulted in two targets met.

Prices of XRP has just met its first target and the next is at $99, over 2,900% away… https://t.co/liX2YgxqAm pic.twitter.com/CgQDHBLl4y

— JAVONMARKS (@JavonTM1) January 31, 2025

Retail Adoption Drives Market Behavior

Retail interest in XRP has surged, reflecting a broadening adoption of the asset. According to data from Santiment, the number of wallets holding fewer than 100 XRP has seen a sharp rise in recent months. 

Since its dip 3 days ago, XRP's market cap has quickly rebounded +13.4%. 4.34M non-empty wallets currently hold less than 100 XRP (currently $313 or less). This is approximately 71.5% of the 6.07M total non-empty wallets currently sitting on the XRP Ledger. pic.twitter.com/ANl9XkBCze

— Santiment (@santimentfeed) January 30, 2025

In just two months, these small wallets grew by 11.6%, marking the fastest and most sustained increase in XRP’s history. This surge now accounts for 71.5% of the total non-empty wallets, with 4.34 million smaller wallets out of the 6.07 million total. This is significant because it indicates growing retail engagement, a factor that could contribute to the asset’s long-term stability and price appreciation.

Momentum Shifts and Market Indicators

The price of XRP recently surged by 85%, reaching a high of $3.15, before settling at $3.07. During this period, the price fluctuated between $3.05 and $3.15, showing a healthy amount of market activity. 

XRP/USD daily price chart, Source: TradingView

However, the momentum has recently slowed, with some bearish indicators emerging. XRP’s Relative Strength Index (RSI) is currently at 59.05, placing it in the neutral zone. Although there are no immediate overbought or oversold signals, the trend is slightly downward.

Furthermore, the Moving Average Convergence Divergence (MACD) line is now positioned below the signal line, suggesting a bullish momentum. Despite these signals, the price remains above $3, reflecting the possibility of further upward movement.

Inflows and Outflows: Market Sentiment Shifts

Source: Coinglass

XRP’s market dynamics have seen a notable shift in recent weeks, particularly in terms of inflows and outflows. After experiencing heavy selling pressure, marked by outflows of over $200 million in late December, XRP has witnessed a period of accumulation. 

Notably, large green net inflows were recorded in late November and early January, which coincided with price surges above $3. This shift in market sentiment could signal the beginning of another upward momentum phase for XRP.

The post XRP Price Surge: History Repeating Itself? Analyst Forecasts Double the Gains of 2017 Breakout appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

XRP trades at $3.09, down 0.68%, with key support at $3.04 and resistance at $3.47. A breakout could push the price toward $3.60-$4.00.

Analyst Javon Marks sees XRP mirroring 2017’s breakout, projecting $22-$24 targets, with extreme upside reaching $80-$99.

Grayscale filed to convert its XRP Trust into a spot ETF, joining other firms, while SEC’s regulatory stance remains uncertain.

At press time on January 31, XRP was trading at $3.09, a 0.68% dip in 24 hours and a 3.49% drop over the past week. Despite this short term dip, XRP remains up by 45.09% over the past month. XRP market cap is at $178.33 billion, down by 0.59%.

Technical Indicators Show Mixed Signals

XRP’s price action on January 31 indicated notable levels. XRP reached a high of $3.13 and a low of $3.07. XRP opened at $3.12 and closed at $3.07. Trading volume is at 45.44 million XRP, indicating moderate liquidity.

Source: TradingView

The upper Bollinger Band at $3.47 is XRP’s upper resistance, while the middle band at $3.04 is the dynamic support. The lower band at $2.60 marks the crucial downside level. XRP trades slightly above its 20 SMA at $3.0401, suggesting that maintaining this level could support further upside. However, a break below this level may push prices toward $2.60.

The Stochastic RSI is at 11.70 and 10.31, both in the oversold region. This indicates that the price could soon reverse upward if buying pressure increases. A move above 20 on the Stochastic RSI would strengthen bullish momentum, while remaining below could lead to further downside.

Bullish and Bearish Scenarios

The price patterns form higher highs and higher lows, suggesting a potential bullish continuation. If XRP retests and breaks the $3.47 resistance, it may push toward $3.60 or higher. A breakout above this level could lead to $4.

On the downside, failing to hold above $3.04 could lead to a drop toward $2.60. Increased selling pressure could extend losses to $2.50. Monitoring volume and Stochastic RSI movements is essential for confirmation of the next price direction.

Analyst Long term Prediction

According to Javon Marks, XRP recently broke out of a pattern similar to its 2017 formation but on a larger scale. The 2017 breakout saw XRP surge from $0.0069 to $3.87, an increase of approximately 56,000%. Marks noted that XRP has now reached its first breakout target, with the next potential target set at $99.

In simple form, $XRP broke out of a pattern that highly resembles the 2017 pattern, but in a much larger form, more than DOUBLE the size!

The 2017 breakout resulted in two targets met.

Prices of XRP has just met its first target and the next is at $99, over 2,900% away… https://t.co/liX2YgxqAm pic.twitter.com/CgQDHBLl4y

— JAVONMARKS (@JavonTM1) January 31, 2025

XRP’s price history shows long consolidation phases followed by explosive movements. If a similar rally occurs, projections indicate targets between $22 and $24, with a larger upside scenario reaching $80 to $99. 

SEC Meeting and XRP ETF

Regulatory uncertainties continue to impact market sentiment. On January 30, the SEC held a closed meeting but remained silent on its appeal in the Ripple case. Speculation increased regarding a potential withdrawal after President Trump appointed Mark Uyeda as acting SEC Chair. 

A withdrawal could support XRP’s price, while an ongoing legal battle may weigh on momentum. Additionally, Grayscale filed to convert its XRP Trust into a spot ETF on January 30. The filing, made with the NYSE, shows increasing expectations of regulatory approval. 

Update: @NYSE & @Grayscale have filed to convert Grayscale's XRP trust into an ETF. The trust currently has ~$16 mln in assets. pic.twitter.com/QAufZoKDkA

— James Seyffart (@JSeyff) January 30, 2025

Bloomberg Intelligence ETF analyst James Seyffart noted that the trust holds approximately $16 million in assets. Grayscale joined other firms, including Bitwise, Canary Funds, WisdomTree, and 21Shares, in seeking approval for an XRP spot ETF.

The post XRP Price Prediction for January 31: Can Bulls Push It Higher? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

Polymarket traders predict an 81% chance of SEC approval for an XRP ETF in 2025, reflecting growing investor confidence.

An approved XRP ETF could boost institutional adoption, enhance liquidity, and drive price appreciation.

XRP maintains bullish momentum, holding key support at $3.07, while indicators suggest potential for a rebound.

According to analyst Jacob King, recent data traders on Polymarket predict an 81% chance that XRP exchange-traded fund (ETF) will obtain regulatory approval in 2025. This figure marks an 11% increase in confidence, resulting in widespread discussions among investors and analysts alike.

BREAKING: Polymarket users predict an 81% chance that an XRP ETF will be approved in 2025. pic.twitter.com/DuwdWfejBl

— Jacob King (@JacobKinge) January 31, 2025

The potential approval of an XRP ETF could have significant developments for the market. Exchange-traded funds provide institutional investors with regulated access to crypto assets thus, increasing liquidity and potentially driving up prices. 

Current XRP Price Trends

Despite the bullish sentiment surrounding an ETF, XRP’s price remains volatile. At the time of writing, XRP price was trading at $3.09 down by 1.0% in the past 24 hours. XRP is showing a promising structure in the short term, with the price responding well to $3.07 key support level. The coin resistance is holding at  $3.15 which shows as long as the price stays above this support zone, it suggests the market is respecting the current parameters, and a rebound could occur. XRP’s Relative Strength Index is seen at 63.41 above the neutral 50 mark suggesting bullish momentum. The MACD line is trading below the signal line indicating bearish pressure, but the narrowing gap between them hints at a potential bullish crossover. 

XRP Technical Indicators Levels

Source: TradingView

Investor Sentiment: Hype or Realistic Expectation?

With the regulatory landscape for crypto ETFs constantly evolving, Grayscale Investments has sought SEC permission to convert its XRP Trust into an exchange-traded fund (ETF). A SEC approval of this ETF would lead to its NYSE listing where it could boost institutional adoption of XRP. Also,the 81% probability on Polymarket reflects community expectations thus, if an XRP ETF gets the green light in 2025, it could be a landmark event for Ripple and the broader crypto market. 

The post From Speculation to Reality? XRP ETF Approval Inches Closer appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.

XRP leads investor sentiment, with 59% backing its growth potential.

Bitcoin faces consolidation, with key resistance near $105,140 for bullish move.

Cardano struggles with declining volume, testing crucial support around $0.9500.

The cryptocurrency market remains a battleground for investors looking to capitalize on digital assets. A recent poll revealed a strong preference for XRP, with 59% of participants backing the token. 

Cardano followed at 32.3%, while Bitcoin and Solana lagged at 4.9% and 3.7%, respectively. These results highlight shifting investor sentiment as traders evaluate each asset’s strengths and potential growth.

How bullish are you really?

Vote for your favorite crypto!

Round 1:
Bitcoin $BTC: OG, store of value
Cardano $ADA: Energy efficient, scalable
Solana $SOL: Low fees, DeFi force
XRP $XRP: Cross-border payments, enterprise-ready

All-in on something else? Tell us!

— Uphold (@UpholdInc) January 29, 2025

Bitcoin: Consolidation Before a Breakout?

Bitcoin is currently trading at $104,698.02, reflecting a slight daily decline of 0.28%. The price has entered a consolidation phase after peaking at $105,140. The market shows indecision, with mixed movements limiting bullish momentum.

Key support levels include $104,500, where buyers have defended the price, followed by $104,000 and $103,500. Resistance stands at $105,140, with stronger barriers at $105,500 and $106,000. A breakout above $105,140 could push Bitcoin higher, while a drop below $104,500 may lead to further declines.

Cardano’s Struggle to Maintain Momentum

At press time, Cardano (ADA) is trading at $0.9571, down 0.61% in the last 24 hours. The token is in a downward trend, struggling to sustain previous highs. Trading volume has dropped by 26.57%, signaling cautious investor sentiment.

ADA’s immediate support is at $0.9500, with stronger levels at $0.9300 and $0.9000. Resistance sits at $0.9630, followed by $0.9800 and the crucial $1.0000 mark. A surge past $0.9630 could drive Cardano toward $1.0000, while a failure to hold $0.9500 may send it lower.

Solana: Consolidation with Limited Momentum

Solana is trading at $238.21, down 0.05% in the past 24 hours. The asset is in a consolidation phase, with alternating upward and downward moves reflecting indecision. Support levels include $236.00, $230.00, and $225.00, while resistance is at $240.00, $245.00, and $250.00. A breakout above $240.00 could push Solana toward $250.00, but a drop below $236.00 may trigger further losses.

XRP Holds Strong Amid Market Uncertainty

XRP is trading at $3.09, down 0.77% on the day. The asset has entered a consolidation phase after peaking at $3.12. Investor sentiment remains mixed. Support levels are at $3.08, $3.05, and $3.00. Resistance stands at $3.12, $3.14, and $3.20. A breakout past $3.12 could drive XRP higher, while a decline below $3.08 might lead to additional losses.

The post XRP Dominates Crypto Poll, But What’s Next for Bitcoin, Cardano, and Solana? appeared first on Daily Crypto Market News | Bitcoin and Altcoins News.