AXS Analysis Axie Infinity is about to break through the | Arletha Loos y4xX on Binance Square

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​​AXS Analysis 
Axie Infinity is about to break through the descending channel formation on the daily chart
This trendline has been tested multiple times, making it significantly weaker with each attempt
A successful breakout could lead to a massive bullish rally toward $5.27📈 $USDC 

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Current Price and Market Status XRP's current price is $2.41, with a 0.68% increase in the last 24 hours. The market cap stands at $136.78 billion. The cryptocurrency has seen significant price movements, with predictions suggesting it could hit $3 following a $50 million settlement agreement between Ripple and the SEC. ## Recent Developments - *SEC Settlement*: Ripple and the SEC have reached a settlement agreement pending judicial approval, which could potentially end the longstanding legal battle. The agreement involves Ripple paying $50 million in penalties and lifting the injunction on $125 million in escrowed penalties. - *XRP ETF*: WisdomTree has filed an S-1 registration statement with the SEC for an XRP ETF, which could boost institutional investment in the cryptocurrency. - *Ripple's Quarterly Reports*: Ripple CEO Brad Garlinghouse announced that the company will end its quarterly XRP Markets Report updates after Q2 2025, shifting to more flexible reporting via the company's website and social channels. ## Market Outlook XRP's price is expected to surge further, with predictions targeting $3.57 based on technical analysis. The cryptocurrency's uptrend is supported by increased buying activity from investors and a surge in XRP futures open interest to a new all-time high of $4.24 billion. ## Key Metrics to Watch - *Whale Accumulation*: Ripple whales have accumulated over $1.8 billion worth of XRP tokens amid a 200% rise in weekly active addresses. - *Institutional Demand*: XRP ETPs recorded $37.7 million in net inflows during Q1 2025, pushing year-to-date inflows to $214 million. - *On-chain Usage*: XRP Ledger's on-chain usage moderated after experiencing strong growth in late 2024, with wallet creation and transaction volumes falling by 30-40%. $XRP

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To determine if "altseason" is here, let's break down the current market situation based on available data. ## Understanding Altseason Altseason refers to a period when altcoins, or alternative cryptocurrencies, outperform Bitcoin. This phenomenon is often characterized by increased altcoin dominance, rapid price appreciation, and heightened market sentiment. ## Current Market Analysis The Altcoin Season Index, which measures the performance of top altcoins relative to Bitcoin, currently indicates it's still Bitcoin season. The index value is around 24, suggesting Bitcoin dominance over altcoins. For altseason to begin, 75% of the top 100 coins would need to outperform Bitcoin over the last 90 days. ## Key Indicators - *Bitcoin Dominance*: A drop in Bitcoin dominance often signals a shift towards altseason. Currently, Bitcoin's market cap dominance is around 62.7%, with Ethereum's dominance at 8.6%. - *Altcoin Market Volume*: Increased trading volume in altcoins compared to Bitcoin can indicate rising interest in altcoins. - *Market Sentiment*: Social media trends and community sentiment can also signal a potential shift towards altseason. ## Conclusion Given the current market conditions and the Altcoin Season Index value, it appears we're not yet in altseason. However, monitoring the indicators mentioned above and waiting for a potential shift in market momentum could provide insights into when altseason might begin. As you've mentioned, the first condition of rejection at a certain zone has been met, but we'll need to see if the second condition of breaking a specific zone is met before discussing potential further market movements. For now, market analysis will be crucial in determining the direction of altcoins, particularly Ethereum, which some investors are keeping a close eye on. #AltcoinSeasonLoading

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Bitcoin whale accumulation has surged, with over 41,300 BTC added to large wallets in the past 30 days, signaling continued institutional interest, according to Cryptoquant. Rumble CEO Chris Pavlovski announced plans to launch a Bitcoin and stablecoin wallet by Q3 2025, aiming to compete directly with Coinbase. $BTC

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A $700K Israeli-manufactured Indian Harop drone hunted by a 🇵🇰 Punjabi hunter with an AK-47.

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Brown University has made its first known crypto investment by disclosing a nearly $5 million stake in BlackRock’s spot Bitcoin ETF, according to an SEC filing. Meta is reportedly exploring stablecoin payments on its platforms, signaling a potential return to crypto after a three-year hiatus. #CryptoComeback

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