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#StablecoinPayments American financial technology company Visa has launched stablecoin payments in the Latin American (LATAM) region. The firm launched the product in partnership with Bridge, a Stripe company, as it looks to broaden access to stablecoin payments in multiple countries. Under the partnership, the company said Bridge Fintech developers can offer stable assets with a single API integration
$USDC Stablecoins bring tranquility to payments.
Instant transactions, minimal fees. Forget about waiting days for international transfers.
USDC, USDT, DAI, and more are leading a financial revolution.
From freelancers to megacorporations: payments in stablecoin are becoming popular.
Stable is the new smart. Ready to embrace the future of finance?
Instant transactions, minimal fees. Forget about waiting days for international transfers.
USDC, USDT, DAI, and more are leading a financial revolution.
From freelancers to megacorporations: payments in stablecoin are becoming popular.
Stable is the new smart. Ready to embrace the future of finance?
$SOL Technical Analysis (4H Timeframe)
1. Price Action
• Current Price: $143.05 (down 2.89%)
• Recent Low: $141.84
• Recent High: $157.00
• Strong bearish candle just broke below recent consolidation, indicating increased selling pressure.
2. Exponential Moving Averages (EMA)
• EMA(7): 146.57
• EMA(25): 147.91
• EMA(99): 142.06
• The price is below the 7 and 25 EMAs (short/medium-term) but just above the 99 EMA (long-term), suggesting short-term bearish momentum but long-term support nearby.
3. MACD (Moving Average Convergence Divergence)
• MACD Line: -0.48
• Signal Line: -0.18
• Histogram: Red and expanding
• Indicates increasing bearish momentum; no crossover signal yet.
4. RSI (Relative Strength Index)
• RSI(6): 30.81
• RSI(12): 37.45
• RSI(24): 44.58
• RSI is nearing or at the oversold zone, suggesting sellers are dominant, but a reversal or short-term bounce may occur soon.
5. Volume
• Recent red candle with high volume = strong sell-off confirmation.
⸻
Summary
• Trend: Bearish in the short term
• Support Zone: Around $142 (EMA-99), followed by psychological support near $140
• Resistance Zone: Around $147.50–$148 (EMA-25 and recent highs)
• Momentum: Bearish (MACD & volume)
• Possible Reversal: RSI nearing oversold, could trigger a short-term bounce
1. Price Action
• Current Price: $143.05 (down 2.89%)
• Recent Low: $141.84
• Recent High: $157.00
• Strong bearish candle just broke below recent consolidation, indicating increased selling pressure.
2. Exponential Moving Averages (EMA)
• EMA(7): 146.57
• EMA(25): 147.91
• EMA(99): 142.06
• The price is below the 7 and 25 EMAs (short/medium-term) but just above the 99 EMA (long-term), suggesting short-term bearish momentum but long-term support nearby.
3. MACD (Moving Average Convergence Divergence)
• MACD Line: -0.48
• Signal Line: -0.18
• Histogram: Red and expanding
• Indicates increasing bearish momentum; no crossover signal yet.
4. RSI (Relative Strength Index)
• RSI(6): 30.81
• RSI(12): 37.45
• RSI(24): 44.58
• RSI is nearing or at the oversold zone, suggesting sellers are dominant, but a reversal or short-term bounce may occur soon.
5. Volume
• Recent red candle with high volume = strong sell-off confirmation.
⸻
Summary
• Trend: Bearish in the short term
• Support Zone: Around $142 (EMA-99), followed by psychological support near $140
• Resistance Zone: Around $147.50–$148 (EMA-25 and recent highs)
• Momentum: Bearish (MACD & volume)
• Possible Reversal: RSI nearing oversold, could trigger a short-term bounce
#AirdropSafetyGuide
Airdrops!
Airdrops are a great way to earn free crypto, but they can also be a trap for scammers. Always verify the source before connecting your wallet or clicking any links. Use a burner wallet when possible and never share your seed phrase. Double-check official announcements through trusted channels like Twitter or Telegram. Remember, if it sounds too good to be true, it probably is. Stay alert and protect your assets. Scammers are getting smarter, so your best defense is knowledge and caution.
Follow for more tips on staying secure in the crypto space.
Airdrops!
Airdrops are a great way to earn free crypto, but they can also be a trap for scammers. Always verify the source before connecting your wallet or clicking any links. Use a burner wallet when possible and never share your seed phrase. Double-check official announcements through trusted channels like Twitter or Telegram. Remember, if it sounds too good to be true, it probably is. Stay alert and protect your assets. Scammers are getting smarter, so your best defense is knowledge and caution.
Follow for more tips on staying secure in the crypto space.
#AltcoinETFsPostponed The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several proposed altcoin exchange-traded funds (ETFs), including those for XRP, Dogecoin (DOGE), Solana (SOL), and Hedera (HBAR). The Franklin Templeton XRP ETF decision is now slated for June 17, 2025, while Bitwise’s DOGE ETF awaits a verdict by June 15. These delays are part of a broader review process, with final rulings potentially extending into October 2025 . ([SEC Delays Decisions on XRP and Dogecoin ETF Applications Until ...])
Analysts view these postponements as procedural, aligning with the SEC's standard approach to crypto ETF evaluations. Similar delays occurred before the eventual approvals of Bitcoin and Ethereum ETFs, suggesting that these extensions do not necessarily indicate rejection . ([SEC delays decision on Franklin Templeton’s spot XRP ETF to June 2025]
As of late April, the SEC is reviewing approximately 70 crypto ETF proposals, reflecting growing interest in altcoin-based investment products . ([XRP and Dogecoin ETF Decisions Pushed to June as SEC Reviews ...
Analysts view these postponements as procedural, aligning with the SEC's standard approach to crypto ETF evaluations. Similar delays occurred before the eventual approvals of Bitcoin and Ethereum ETFs, suggesting that these extensions do not necessarily indicate rejection . ([SEC delays decision on Franklin Templeton’s spot XRP ETF to June 2025]
As of late April, the SEC is reviewing approximately 70 crypto ETF proposals, reflecting growing interest in altcoin-based investment products . ([XRP and Dogecoin ETF Decisions Pushed to June as SEC Reviews ...
#Trump100Days
Trump’s Crypto Takeover: $2.3B to $5.2B in Just 100 Days
Forget red vs. blue — 2025 is going full green for the Trumps.
Since stepping back into the Oval Office, Donald Trump’s fortune has more than doubled — not from towers, but tokens.
Here’s the fast breakdown:
$TRUMP token: Launched Jan 17, hit a $14.5B market cap, with the family reportedly cashing out ~$350M in USDC
$MELANIA token: Built on Solana, pulled in $18.4M
WLFI (World Liberty Financial): 60% owned by a Trump-linked DeFi LLC, raised $550M
Crypto mining: Eric Trump now heads American Bitcoin
NFTs + stablecoins: More ventures in play
Total crypto-related assets? Estimated at $3.3B
Throw in $80M from merch (Bibles, MAGA 2028 hats, sneakers), a $40M Amazon media deal, and expanding liquid reserves — and the Trumps are now the first family of crypto.
Meanwhile:
Legal liabilities = $590M
Real estate debt = $100M
But liquidity? $800M+ and climbing
Crypto didn’t just conquer retail. It cracked the White House.
And with “Trump 2028” gear already circulating, the next campaign may be blockchain-backed.
What’s your take — will crypto keep reshaping political dynasties?
Drop a comment — the finance-politics line just disappeared.
Trump’s Crypto Takeover: $2.3B to $5.2B in Just 100 Days
Forget red vs. blue — 2025 is going full green for the Trumps.
Since stepping back into the Oval Office, Donald Trump’s fortune has more than doubled — not from towers, but tokens.
Here’s the fast breakdown:
$TRUMP token: Launched Jan 17, hit a $14.5B market cap, with the family reportedly cashing out ~$350M in USDC
$MELANIA token: Built on Solana, pulled in $18.4M
WLFI (World Liberty Financial): 60% owned by a Trump-linked DeFi LLC, raised $550M
Crypto mining: Eric Trump now heads American Bitcoin
NFTs + stablecoins: More ventures in play
Total crypto-related assets? Estimated at $3.3B
Throw in $80M from merch (Bibles, MAGA 2028 hats, sneakers), a $40M Amazon media deal, and expanding liquid reserves — and the Trumps are now the first family of crypto.
Meanwhile:
Legal liabilities = $590M
Real estate debt = $100M
But liquidity? $800M+ and climbing
Crypto didn’t just conquer retail. It cracked the White House.
And with “Trump 2028” gear already circulating, the next campaign may be blockchain-backed.
What’s your take — will crypto keep reshaping political dynasties?
Drop a comment — the finance-politics line just disappeared.
#AbuDhabiStablecoin AbuDhabiStablecoin Regulatory Authority: The primary regulator for stablecoins within the Abu Dhabi Global Market (ADGM) is the Financial Services Regulatory Authority (FSRA). It has established a specific framework for Fiat-Referenced Tokens (FRTs), which are essentially stablecoins pegged to fiat currencies.
* Focus on Fiat-Referenced Tokens (FRTs): The ADGM's regulatory focus is on FRTs, defined as digital assets that:
* Serve as a medium of exchange.
* Maintain a stable value by referencing a fixed amount of a single fiat currency.
* Allow holders to redeem the token for its fiat value from the issuer upon demand.
* Prohibition of Algorithmic Stablecoins: Recognizing the inherent instability, the FSRA prohibits algorithmic stablecoins within the ADGM.
* Reserve Requirements: Issuers of FRTs must maintain full reserve backing in the same fiat currency they purport to be tokenizing. These reserves must be held in:
* Cash as "Relevant Money."
* "Reserve Investments" comprising admissible high-quality liquid assets denominated in the same currency as the FRT, which can be liquidated rapidly with minimal adverse price effect.
* Transparency and Disclosure: Issuers are required to provide clear, fair, and non-misleading disclosures about their FRTs in a white paper, which must be submitted to the FSRA before issuance.
* Capital Resources: FRT issuers must maintain minimum capital resources, independent of reserve assets, set at the higher of $2 million or 12 months of annual audited expenditure.
* Redemption Rights: The framework ensures that holders have the right to redeem FRTs at their par value within specific timeframes.
* Income from Reserve Assets: Unlike some other jurisdictions, the FSRA allows issuers to distribute income earned from reserve assets to FRT holders, provided the FRTs are not marketed as investment or savings products.
* Focus on Fiat-Referenced Tokens (FRTs): The ADGM's regulatory focus is on FRTs, defined as digital assets that:
* Serve as a medium of exchange.
* Maintain a stable value by referencing a fixed amount of a single fiat currency.
* Allow holders to redeem the token for its fiat value from the issuer upon demand.
* Prohibition of Algorithmic Stablecoins: Recognizing the inherent instability, the FSRA prohibits algorithmic stablecoins within the ADGM.
* Reserve Requirements: Issuers of FRTs must maintain full reserve backing in the same fiat currency they purport to be tokenizing. These reserves must be held in:
* Cash as "Relevant Money."
* "Reserve Investments" comprising admissible high-quality liquid assets denominated in the same currency as the FRT, which can be liquidated rapidly with minimal adverse price effect.
* Transparency and Disclosure: Issuers are required to provide clear, fair, and non-misleading disclosures about their FRTs in a white paper, which must be submitted to the FSRA before issuance.
* Capital Resources: FRT issuers must maintain minimum capital resources, independent of reserve assets, set at the higher of $2 million or 12 months of annual audited expenditure.
* Redemption Rights: The framework ensures that holders have the right to redeem FRTs at their par value within specific timeframes.
* Income from Reserve Assets: Unlike some other jurisdictions, the FSRA allows issuers to distribute income earned from reserve assets to FRT holders, provided the FRTs are not marketed as investment or savings products.
#ArizonaBTCReserve
Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin.
💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region.
💬 How do you see government-backed stablecoins shaping the future of crypto and global payments? Share your views!
👉 Create a post with the #ArizonaBTCReserve , #AbuDhabiStable
Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin.
💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region.
💬 How do you see government-backed stablecoins shaping the future of crypto and global payments? Share your views!
👉 Create a post with the #ArizonaBTCReserve , #AbuDhabiStable
#AirdropStepByStep Airdrops are one of the most exciting ways to earn free crypto just by participating in community tasks. But how do you ensure you’re eligible and make the most of it? Step one is always to follow the official social media channels and verify any announcement. Next, connect your wallet carefully and never share private keys. Step three involves completing tasks like retweets, joining Discord, or filling out forms. Always double-check deadlines and snapshot dates. Stay consistent, be early, and track your airdrops with a spreadsheet. Patience pays off, and real value often comes later!
$BTC A journey from 2817 Dollars to 110000 Dollars
World's Strongest Coin Changed the lives
This is the story of World's Strongest coin $BTC when it was launched on August 2017. On the other month i.e September 2017 its value dropped and then journey to success started.
Now it becomes the world wide Brand.
Good Luck BTC
World's Strongest Coin Changed the lives
This is the story of World's Strongest coin $BTC when it was launched on August 2017. On the other month i.e September 2017 its value dropped and then journey to success started.
Now it becomes the world wide Brand.
Good Luck BTC
#TrumpTaxCuts "Donald Trump has unveiled a revolutionary tax plan, promising sweeping cuts and the potential for millions to pay no income tax at all. This bold move, funded by new tariffs, has ignited a wave of optimism, particularly around $TRUMP-backed assets and political crypto tokens. As excitement builds, many are wondering: Could this historic announcement spark a new surge in politically-driven cryptocurrencies?"#TrumptaxCuts #Write2Earn
#AirdropFinderGuide #AirdropFinderGuide
Here is a step by step guide 🗺️ to find and participate in airdrops 📦 from binance
Step 1 - Click on "Assets" tab.
Step 2 - Click on "Wallet" on top of the screen. Binance Web3 wallet will open.
Step 3 - Scroll a little, you will see a banner with Velvet Capital Airdrop.
Step 4 - Click on " 2 exclusive campaign ongoing " on the bottom right corner of the banner. A page will open showing all the ongoing Airdrops.
Here is a step by step guide 🗺️ to find and participate in airdrops 📦 from binance
Step 1 - Click on "Assets" tab.
Step 2 - Click on "Wallet" on top of the screen. Binance Web3 wallet will open.
Step 3 - Scroll a little, you will see a banner with Velvet Capital Airdrop.
Step 4 - Click on " 2 exclusive campaign ongoing " on the bottom right corner of the banner. A page will open showing all the ongoing Airdrops.
#AirdropFinderGuide
The Binance Airdrop Portal is a centralized platform designed to streamline the process of discovering and participating in cryptocurrency airdrops. It offers users a secure and convenient way to access a variety of token distribution events without the need for manual claims or external wallet connections.
Key Features:
Centralized Access: Users can browse and filter available airdrops directly within the Binance platform.
Automatic Distribution: Eligible airdrop tokens are automatically credited to users' Binance Spot wallets, eliminating the need for manual claims.
Enhanced Security: By participating through Binance, users reduce exposure to potential phishing scams associated with external airdrop claims.
How to Participate:
1. Log In: Access your Binance account and navigate to the https://www.binance.com/en/airdrop.
2. Browse Airdrops: Explore the list of active and upcoming airdrops.
3. Check Eligibility: Review the specific requirements for each airdrop, which may include holding certain tokens or completing designated tasks.
4. Participate: Follow the provided instructions to join the Airdrop.
Additionally, Binance's Airdrop Finder EN on Binance Square regularly shares information about new and upcoming airdrops, providing users with opportunities to engage with emerging projects.
The Binance Airdrop Portal is a centralized platform designed to streamline the process of discovering and participating in cryptocurrency airdrops. It offers users a secure and convenient way to access a variety of token distribution events without the need for manual claims or external wallet connections.
Key Features:
Centralized Access: Users can browse and filter available airdrops directly within the Binance platform.
Automatic Distribution: Eligible airdrop tokens are automatically credited to users' Binance Spot wallets, eliminating the need for manual claims.
Enhanced Security: By participating through Binance, users reduce exposure to potential phishing scams associated with external airdrop claims.
How to Participate:
1. Log In: Access your Binance account and navigate to the https://www.binance.com/en/airdrop.
2. Browse Airdrops: Explore the list of active and upcoming airdrops.
3. Check Eligibility: Review the specific requirements for each airdrop, which may include holding certain tokens or completing designated tasks.
4. Participate: Follow the provided instructions to join the Airdrop.
Additionally, Binance's Airdrop Finder EN on Binance Square regularly shares information about new and upcoming airdrops, providing users with opportunities to engage with emerging projects.
#XRPETF Yo, XRP is finally getting its shine! Three XRP futures ETFs just got the green light from the SEC and they’re dropping on April 30, 2025. Now people can trade XRP price moves without even holding the coin. That’s a massive W for crypto adoption. XRP’s price already started popping after the news, and this could just be the beginning. More big money and new investors are about to jump in. If you’re holding XRP, buckle up the next few weeks might get wild. Let’s gooo!
$XRP $XRP ETFs (Exchange-Traded Funds) are financial products that track the value of Xrp, allowing investors to gain exposure to the cryptocurrency without directly managing digital assets. These ETFs can be bought and sold through traditional brokerage accounts, eliminating the need to navigate cryptocurrency exchanges.
Several companies have filed for Xrp ETFs, including WisdomTree, Bitwise, and 21Shares. These funds are awaiting approval from the US Securities and Exchange Commission (SEC).
*Key Benefits of xrp ETFs:*
- _Accessibility_: Xrp ETFs provide a regulated and simplified way to invest in Xrp.
- _No Wallet Management_: Investors don't need to manage digital wallets or safeguard private keys.
- _Regulation_: Xrp ETFs operate under stringent regulatory oversight, providing a layer of security and transparency.
- _Diversification_: Some Xrp ETFs may include a basket of cryptocurrencies or related assets, allowing investors to diversify their holdings.
*Current Xrp ETFs:*
- The Teucrium 2X Long Xrp ETF (XXRP) is currently trading on the Arcx exchange, with a current price of $32.53.
Keep in mind that Xrp ETFs come with risks, including market volatility, regulatory uncertainty, and potential tracking errors. It's essential to carefully evaluate these risks and consider your risk tolerance before investing.
#XRPETF
Several companies have filed for Xrp ETFs, including WisdomTree, Bitwise, and 21Shares. These funds are awaiting approval from the US Securities and Exchange Commission (SEC).
*Key Benefits of xrp ETFs:*
- _Accessibility_: Xrp ETFs provide a regulated and simplified way to invest in Xrp.
- _No Wallet Management_: Investors don't need to manage digital wallets or safeguard private keys.
- _Regulation_: Xrp ETFs operate under stringent regulatory oversight, providing a layer of security and transparency.
- _Diversification_: Some Xrp ETFs may include a basket of cryptocurrencies or related assets, allowing investors to diversify their holdings.
*Current Xrp ETFs:*
- The Teucrium 2X Long Xrp ETF (XXRP) is currently trading on the Arcx exchange, with a current price of $32.53.
Keep in mind that Xrp ETFs come with risks, including market volatility, regulatory uncertainty, and potential tracking errors. It's essential to carefully evaluate these risks and consider your risk tolerance before investing.
#XRPETF
#XRPETF $XRP ETFs (Exchange-Traded Funds) are financial products that track the value of Xrp, allowing investors to gain exposure to the cryptocurrency without directly managing digital assets. These ETFs can be bought and sold through traditional brokerage accounts, eliminating the need to navigate cryptocurrency exchanges.
Several companies have filed for Xrp ETFs, including WisdomTree, Bitwise, and 21Shares. These funds are awaiting approval from the US Securities and Exchange Commission (SEC).
*Key Benefits of xrp ETFs:*
- _Accessibility_: Xrp ETFs provide a regulated and simplified way to invest in Xrp.
- _No Wallet Management_: Investors don't need to manage digital wallets or safeguard private keys.
- _Regulation_: Xrp ETFs operate under stringent regulatory oversight, providing a layer of security and transparency.
- _Diversification_: Some Xrp ETFs may include a basket of cryptocurrencies or related assets, allowing investors to diversify their holdings.
*Current Xrp ETFs:*
- The Teucrium 2X Long Xrp ETF (XXRP) is currently trading on the Arcx exchange, with a current price of $32.53.
Keep in mind that Xrp ETFs come with risks, including market volatility, regulatory uncertainty, and potential tracking errors. It's essential to carefully evaluate these risks and consider your risk tolerance before investing.
#XRPETF
Several companies have filed for Xrp ETFs, including WisdomTree, Bitwise, and 21Shares. These funds are awaiting approval from the US Securities and Exchange Commission (SEC).
*Key Benefits of xrp ETFs:*
- _Accessibility_: Xrp ETFs provide a regulated and simplified way to invest in Xrp.
- _No Wallet Management_: Investors don't need to manage digital wallets or safeguard private keys.
- _Regulation_: Xrp ETFs operate under stringent regulatory oversight, providing a layer of security and transparency.
- _Diversification_: Some Xrp ETFs may include a basket of cryptocurrencies or related assets, allowing investors to diversify their holdings.
*Current Xrp ETFs:*
- The Teucrium 2X Long Xrp ETF (XXRP) is currently trading on the Arcx exchange, with a current price of $32.53.
Keep in mind that Xrp ETFs come with risks, including market volatility, regulatory uncertainty, and potential tracking errors. It's essential to carefully evaluate these risks and consider your risk tolerance before investing.
#XRPETF
🔮 XRP Forecast (Apr 27)
Sentiment: Mildly Bullish (ETF buzz brewing)
Key Levels:
Resistance: $2.25 – sellers likely here unless ETF news breaks
Support: $2.10 – buyers defend this zone
Breakout Zone: Above $2.25 → could run to $2.40–$2.50 on ETF hype
Bear Trigger: Below $2.10 → retest $2.00
Forecast Scenarios:
Bull Case: Positive ETF filings or hints → rally to $2.30–$2.40 (+5% to +15%)
Base Case: Range-bound $2.10–$2.25 as market waits on ETF clarity
Bear Case: ETF delays or denials → drop toward $2.00 (–9%)
ETF Note:
XRP ETF proposals are under review by multiple firms. Approval news would likely be a major catalyst, driving institutional money into xrp.
#xrpetf #XRPETF
Sentiment: Mildly Bullish (ETF buzz brewing)
Key Levels:
Resistance: $2.25 – sellers likely here unless ETF news breaks
Support: $2.10 – buyers defend this zone
Breakout Zone: Above $2.25 → could run to $2.40–$2.50 on ETF hype
Bear Trigger: Below $2.10 → retest $2.00
Forecast Scenarios:
Bull Case: Positive ETF filings or hints → rally to $2.30–$2.40 (+5% to +15%)
Base Case: Range-bound $2.10–$2.25 as market waits on ETF clarity
Bear Case: ETF delays or denials → drop toward $2.00 (–9%)
ETF Note:
XRP ETF proposals are under review by multiple firms. Approval news would likely be a major catalyst, driving institutional money into xrp.
#xrpetf #XRPETF
#XRPETF As of today, April 27, 2025, here's a review of XRP for investment:
Current Market Status:
* Price: XRP is currently trading around $2.18 - $2.20.
* Market Cap: Approximately $127 - $128.63 Billion USD.
* 24-Hour Trading Volume: Around $2.5 - $2.64 Billion USD.
* Recent Performance:
* Last 24 hours: Showing a slight increase of around 0.51%.
* Last week: Up by approximately 3.95% to 6.56%.
* Last month: Down by roughly 6.44% to 7.30%.
* Year-to-date: Up by about 5.65%.
* Last year: A significant increase of over 313%.
* Key Resistance: XRP is trying to surpass the 50-day Simple Moving Average (SMA) around $2.18, with an intraday high reaching $2.24 recently. Resistance levels to watch include $2.49, $3.00, and $3.39.
* Key Support: Support is noted around $2.0596, with the 200-day EMA also acting as a longer-term support.
Key Developments and Factors Influencing XRP:
* Brazil Launches First Spot XRP ETF: The B3 stock exchange in Brazil has launched the world's first spot XRP ETF under the ticker XRPH11, managed by Genial Investimentos and tracking the Nasdaq XRP Reference Price Index. This is seen as a significant step towards mainstream adoption and could provide insights for regulators in other regions, including the U.S.
* ProShares to Launch XRP Futures ETFs: ProShares is set to launch three XRP Futures ETFs on April 30th, which is expected to boost investor interest and potentially pave the way for a spot ETF in the future.
* SEC Legal Battle with Ripple: The ongoing legal battle with the SEC continues to be a major factor influencing XRP's price. Recent developments include the SEC potentially dropping its appeal and Ripple dropping its cross-appeal. The focus is now on whether Judge Analisa Torres will grant the SEC's request to lift the injunction on institutional sales and reduce Ripple's penalty.
* SEC Chair's Stance: Recent comments from SEC Chair Atkins suggest a more pro-crypto stance and a desire for regulatory clarity, which could positively impact XRP's future.
Current Market Status:
* Price: XRP is currently trading around $2.18 - $2.20.
* Market Cap: Approximately $127 - $128.63 Billion USD.
* 24-Hour Trading Volume: Around $2.5 - $2.64 Billion USD.
* Recent Performance:
* Last 24 hours: Showing a slight increase of around 0.51%.
* Last week: Up by approximately 3.95% to 6.56%.
* Last month: Down by roughly 6.44% to 7.30%.
* Year-to-date: Up by about 5.65%.
* Last year: A significant increase of over 313%.
* Key Resistance: XRP is trying to surpass the 50-day Simple Moving Average (SMA) around $2.18, with an intraday high reaching $2.24 recently. Resistance levels to watch include $2.49, $3.00, and $3.39.
* Key Support: Support is noted around $2.0596, with the 200-day EMA also acting as a longer-term support.
Key Developments and Factors Influencing XRP:
* Brazil Launches First Spot XRP ETF: The B3 stock exchange in Brazil has launched the world's first spot XRP ETF under the ticker XRPH11, managed by Genial Investimentos and tracking the Nasdaq XRP Reference Price Index. This is seen as a significant step towards mainstream adoption and could provide insights for regulators in other regions, including the U.S.
* ProShares to Launch XRP Futures ETFs: ProShares is set to launch three XRP Futures ETFs on April 30th, which is expected to boost investor interest and potentially pave the way for a spot ETF in the future.
* SEC Legal Battle with Ripple: The ongoing legal battle with the SEC continues to be a major factor influencing XRP's price. Recent developments include the SEC potentially dropping its appeal and Ripple dropping its cross-appeal. The focus is now on whether Judge Analisa Torres will grant the SEC's request to lift the injunction on institutional sales and reduce Ripple's penalty.
* SEC Chair's Stance: Recent comments from SEC Chair Atkins suggest a more pro-crypto stance and a desire for regulatory clarity, which could positively impact XRP's future.
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