Crypto Taj

Explore whether XRP's price can surge by 711% to reach $20 before January 2025. Also, examine how Ripple ETF might influence Ripple's short-term price.
Ripple (XRP) has been trading within a narrow range for four weeks since reaching its 2024 high of $2.90 on December 3. This pullback and sideways movement bear a resemblance to the consolidation phase observed in 2017. If history follows a similar pattern, XRP's price could potentially climb to $20 by January 31, 2025, and the introduction of a Ripple ETF might influence its short-term trajectory.
Can XRP Price Reach $20 Before January 31?
In Q2 2017, XRP experienced a staggering 1,200% surge, followed by a 24-day consolidation phase. This behavior closely mirrors the current market dynamics. Recently, Ripple bulls drove a 600% rally, which transitioned into a 28-day consolidation that concluded with a 12% uptick on January 1. Given these parallels, it’s plausible that XRP could embark on another parabolic rise. If the current pattern mirrors 2017’s movement, the token might achieve a 711% rally, pushing its price to $20 within three weeks, likely by January 31.
The chart below illustrates how XRP could replicate its 2017 trajectory and hit this target.

Source: TrandingView
Although history offers a valuable reference, the XRP ETF might serve as the ideal catalyst needed to ignite such a significant rally.
Spot Ripple ETF: A Bullish Catalyst for Ripple
According to Polymarket data, there are two polls regarding a spot Ripple ETF approval. The first one speculates on an XRP ETF approval by July 31, 2025 and the other with the same speculation but by the end of 2025.
The latter shows there’s a 70% chance that a spot Ripple ETF will be approved by the end of 2025.

Source: Polymarket.com
Regardless of whether an ETF is approved, let’s look at the short-term outlook of XRP price using technical analysis and forecast key support, resistance levels & potential targets for January 2025.
XRP Technical Analysis & Price Targets
Over the past five weeks, XRP's price movement has displayed the formation of a bull flag. This technical pattern is a bullish continuation setup characterized by a steep parabolic rally, known as the flagpole, followed by consolidation within a parallel channel, referred to as the flag.
The target for this pattern is calculated by adding the height of the flag to the breakout point. Here, the flag’s height measures 108%, which, when added to the breakout point, indicates an optimistic target of approximately $4. However, applying this measurement to the bottom of the flag yields a more conservative target of $3.42.

Source: TrandingView
Although XRP has demonstrated resilience in recent weeks, a drop in Bitcoin's price below the critical $90,000 support level could spark a sell-off across the cryptocurrency market. Therefore, investors should closely monitor BTC's price movements.
If XRP loses its $2 support level, it could lead to significant downside pressure, triggering a 25% decline to approximately $1.47.
#xrp #Xrp🔥🔥 #BinanceAlphaAlert #cryptouniverseofficial #Binance

Binance Chain has flipped Solana in memecoin trading volume while the activity levels on Ethereum falters in third place.
Binance Chain is the dominant blockchain for memecoin activity, as its trading volume has surpassed Solana. BNB Chain holds 45% of the total memecoin DEX volume while Solana and Ethereum are sitting on 25% and 20% respectively.
Binance Chain Flips Solana In Memecoin Trading Volumes
After months of memecoin trading volume dominance, activity levels on Solana are cooling down. According to on-chain data, BNB Chain has overtaken Solana as the blockchain with the largest memecoin trading volume.
Per the data, BNB Chain makes up 45% of the total memecoin DEX volume, outpacing Solana and Ethereum by 2x. Back in April, the Binance Chain memecoin DEX volume contributed only 25% of the pie before climbing northwards to its present levels in July.
Solana controls only 25% of the trading volumes, declining from a 40% dominance in April. The steep 15% drop for Solana leaves it in second place after a meteoric 12-month run that saw it become the dominant blockchain for memecoin trading.

Binance Chain’s rise to the top of the charts is intricately linked to the Binance Alpha Program, an initiative designed to improve memecoin visibility and liquidity. While the Alpha program typically serves as an incubation hub for promising projects, not all Binance Chain-based memecoins rise to the top of the charts. Bondex (BDXN) price collapsed after its Binance listing, triggered by massive profit-taking on the exchange.
Cardano and Ethereum Are Playing Catchup To Sector Leaders
According to the data, Ethereum holds a steady 20% memecoin trading volume share while Base clings to 5%. The quartet of Arbitrum, Avalanche, Unichain, and Celo makes up 5% of the sector’s trading volume as the ecosystem heats up to a boil.
Despite the flippening by Binance Chain, Solana memecoins are still pulling impressive levels. Solana-based TRUMP memecoin skyrocketed 3,000% in less than 24 hours, while memecoin launch pad Pump.fun is plotting a $1 billion raise.
Cardano is keen on triggering its memecoin ecosystem activity in an attempt to rub shoulders with market leaders. Last week, Input Output partnered with SNEK, the largest memecoin on Cardano, in a strategic collaboration to improve ecosystem activity.
Amid Binance Chain’s flippening, Bloomberg analyst Eric Balchunas is predicting the rise of a memecoin-based ETF by 2026.
#BinanceHODLerHOME #MarketRebound #CryptoRoundTableRemarks #meme板块关注热点 #

MicroStrategy co-founder Michael Saylor announced on X that the company has acquired an additional 2,530 Bitcoin worth approximately $243 million. These new Bitcoins were purchased between January 6 and January 12 at an average price of $95,972 per coin.
With this latest acquisition, MicroStrategy now owns a total of 450,000 Bitcoin, purchased at an average price of $62,691 per coin.
At the current market price of $92,000, the company's Bitcoin holdings are valued at an estimated $40.8 billion. Having invested a total of $28.2 billion in Bitcoin, MicroStrategy has achieved a significant profit of $12 billion.
This solidifies MicroStrategy’s position as the largest corporate holder of Bitcoin, now controlling approximately 2.1% of the total Bitcoin supply.

Source: X
MicroStrategy’s dedication to Bitcoin has been rock solid, as proved by their actions, as this is the company’s tenth week in a row of acquiring Bitcoin. A journey that began on October 31 when it shared its “21/21 Plan.” to utilise share sales and various fundraising techniques to amass Bitcoin.
During the Bitcoin purchase window in January, MicroStrategy also sold 710,425 shares, successfully raising $243 million. According to its SEC filing, the company still possesses $6.5 billion worth of shares that are available for future sales to raise more funds. 
Michael Saylor has always described Bitcoin as a core component of MicroStrategy’s plan. The company has been buying a lot of Bitcoin since 2021, especially during short price drops.
In its  “21/21 Plan”, the company said it aims to raise $21 billion in equity and $21 billion in fixed-income securities to support its Bitcoin reserves. As of December 15, approximately $7.65 billion worth of shares remained for sale under this plan.
MicroStrategy is also working to raise up to $2 billion by offering perpetual preferred stock. In the next three years, they plan to raise $42 billion with this strategy.
Last year MicroStrategy had a good run as its stock outperformed Bitcoin and was also added to the Nasdaq index in late December. 
Meanwhile, Bitcoin’s price has dropped 9% since last week after hitting its weekly high at $103 on Jan 7. It is currently sitting around $90,500, according to CoinGecko. However, people believe Trump’s inauguration, set for January 20, will give the crypto market the boost it needs.
#BTC走势分析 #BTC☀ #BinanceSquareTalks #ShareYourTrade #DOJBTCAuction

Investors who file a class action suit against Binance may finally have their way after Supreme Court dismissed the exchange's appeal move
Binance Exchange is on track to face a class action lawsuit as its attempt and that of its founder Changpeng ‘CZ’ Zhao to quash it failed at the U.S Supreme Court level. The Justices of the Supreme Court, declined to hear the appeal, giving the investors room to prove their claims at lower courts.

The Binance and Numerous Legal Hurdles
According to the sponsors of class action lawsuit, Binance sold assets as investment contracts which later fell in value. Following the filing of the suit, the crypto exchange sprung into action and alongside CZ to challenge the notion. Notably, the Send U.S. Circuit Court of Appeal initially ruled that the disputed transactions fell under the U.S laws.
The trading platform challenged this hearing whose fate has now been sealed by the Supreme Court.

#Binance #USJobsSurge256K #BinanceSquareTalks #10DaysToTrump #cryptouniverseofficial

FTX Repayments: Expert Sunil Kauveri looks at initial distribution schedule and expected first repayment date by the debtor as per details.
Beleaguered crypto exchange FTX has further revealed the schedule for $16 billion in creditor repayments. Experts revealed early February as the expected timeline for the first repayment in accordance with the Plan and Confirmation Order. Also, the bankruptcy reorganization plan aimed to disburse repayments for small creditors first.
FTX Repayments To Start in February
FTX creditor Sunil Kavuri in an X post on January 12 revealed details of repayments, including the initial distribution schedule and first repayment. According to the plan, the first round of repayments will happen for creditors with claims below $50,000. This makes it a total of approximately $1.2 billion, with January 3 as the record date.
FTX has requested creditors to complete pre-distribution requirements for the initial payout by January 20. Creditors are advised to submit W-8BEN forms. Once KYC is verified, creditors must submit a tax withholding form within 30 days. It’s important to note that if a creditor fails to submit the tax form within 60 days, they will not receive any repayment.
Sunil Kavuri anticipates that the first round of payouts will begin in February, with repayments likely continuing until March 4.
Review how the FTX claims payout process will function, as well as which crypto exchanges are included in the distribution plan for creditors. In the meantime, creditors have raised concerns about a high volume of phishing emails and fraudulent claim portals purporting to begin repayments.
Crypto Community Anticipate Boost in Bullish Crypto Market
While the FTX Debtor has other issues including inaccuracies in Backpack’s FTX EU acquisition claims. The beleaguered firm said 100% of FTX EU share capital is still owned by FTX Europe AG. The U.S. Bankruptcy Court overseeing the Chapter 11 process has not approved any transfer.
Market participants are extremely bullish on FTX repayments giving a much-needed push to the crypto market. expect creditors to put money back into the crypto market as Bitcoin and altcoins to rally under the pro-crypto Trump administration.
#BinanceAlphaAlert #USJobsSurge256K #FTX #USJoblessClaimsDrop #BNBBhutanReserves