The XRP rally could finally begin! $2.30 resistance and significance
An exciting time begins for XRP investors. While the price consolidates at $2.19, both technical and fundamental indicators may signal a larger breakout in the coming days. In particular, the announcement of Ripple futures contracts by the CME Group and the crypto-friendly actions of the US Federal Reserve (Fed) strengthen the possibility of a new rally in the market. So what happens next if XRP breaks through the $2.30 mark?
CME announces XRP futures: Institutional power in action The world's largest derivatives exchange, the CME Group, announced that it will introduce Ripple futures contracts on May 19. Subject to approval, these products will be available to institutional investors in two contract sizes: a 2,500 XRP micro contract and a 50,000 XRP standard contract. The pricing is based on the CME CF XRP-Dollar reference rate.
This move by the CME has the potential to bring XRP to the forefront of institutional portfolios, following Bitcoin, Ethereum, and Solana. According to Giovanni Vicioso, head of crypto products at CME, interest in XRP is continuing to grow in both retail and institutional sectors, and the new futures will be an important tool for investment and risk management strategies.
XRP benefits from the Fed and Ripple: Will $10 come in 2025? There are also developments on the regulatory side that favor XRP. The US Federal Reserve's decision that banks no longer need to provide advance notice for crypto and stablecoin activities has significantly reduced uncertainty in the industry. This change could make it easier for banks to access XRP-based products.
Solana and Cardano aim for the same target of new highs with different dynamics: one attracts attention with technical formations and institutional movements, the other with the interest of whales and robust on-chain data. As the crypto markets search for a new direction, the movements of these two giants could also serve as a guide for many altcoins. Alarm bells are starting to ring for investors. It's worth being prepared!
Is the bull season coming? These 2 altcoins will start the rally!
Solana: Is a tech boom imminent? Target: $390 Solana has initiated a new upward wave in recent months by finding strong support at the level of $147. Technical analysis experts point to the ascending triangle formation visible on the chart. This formation usually represents strong buying pressure, and a breakout above 288 could open targets between 350 and 390.
Furthermore, the expansion of the Bollinger Bands and the price approaching the upper band suggest that the upward movement could continue with increased volatility. In particular, from a technical perspective, the breakout from the descending wedge formation supports these bullish expectations. Analysts see $275 as the first short-term target.
Institutional Investors: Solana ETFs on the way One of the most exciting developments for Solana has been its ETF applications. The filing of Solana-based ETFs with the SEC could pave the way for significant institutional inflows, especially in combination with the new SEC chairman's actions to eliminate regulatory uncertainties. This creates momentum but no pressure on the price.
At the same time, developer activity on the Solana network has reached record levels. This indicates that on-chain usage is increasing and the long-term potential of the network is being recognized by more and more investors. In short: Solana is growing not only in price but also in infrastructure.
Cardano whales are on the move: In which direction will the price develop? Perhaps the most important signal for Cardano came from on-chain data. The number of whale addresses with 1 to 10 million ADA increased from 2,405 to 2,408. This small but significant increase shows that large investors are repositioning themselves. When whales start buying again, it is usually a sign that prices will rise sharply.
The week began optimistically for XRP with the announcement of Donald Trump's Crypto Strategic Reserve. However, it has now become clear that this reserve is primarily focused on Bitcoin, with altcoins playing only a symbolic role.
It is no secret that Ripple donated 5 million dollars in XRP to Trump's inauguration fund. Therefore, the inclusion of XRP in the Crypto Strategic Reserve seems to be a kind of thank you.
Howard Lutnick, the current Secretary of Commerce of the United States, stated yesterday that Donald Trump will present his Strategic Bitcoin Reserve during the first Crypto Summit at the White House on Friday.
#USCryptoReserve The news that ADA, the native token of the Cardano network, is to be included in the crypto reserve proposed by US President Donald Trump has caused a stir in the crypto community. Charles Hoskinson, the founder of Cardano, stated that he was unaware of this decision until the official announcement. In a video from March 5, he expressed his surprise and explained that he was awakened on March 2 with numerous congratulations, not knowing what was happening.
Hoskinson emphasized that there was no prior communication regarding the inclusion of ADA in the reserve. He attempted to engage in discussions about it, but received only vague responses like "We will get back to you" or "We will clarify this." Trump's announcement, made on March 2, included Bitcoin and Ether as well as XRP, Solana, and Cardano, which elicited mixed reactions in the industry.
Crypto Market Explodes: Bitcoin and Cardano Surge Strongly After the Trump Effect
Cardano (ADA) is Doing Well
Cardano is trading at about 0.95, which represents an impressive increase of over 17% compared to the previous day. ADA experienced a strong rally, with a rise of 63% after the announcement that ADA would also be included in the crypto reserve. This came as a surprise and was the reason for the huge spike. This momentum has not yet faded, and ADA has been able to retain a large portion of these gains.
$ADA Crypto Market Update: Bitcoin Rises to $87,000, Cardano Attacks
As Bitcoin slowly recovers and climbs above $87,000, the ADA price shoots up by 15 percent. Have crypto investors weathered the worst?
Currently, the BTC price is not receiving support from US Bitcoin Spot ETFs. Over the past two trading days, they experienced net outflows of $217.7 million, according to data from Farside Investors. With the stock markets opening in the US, many traditional investors sold off the second Trump pump yesterday. Previously, the prices reacted very positively to statements from the US President regarding a crypto reserve. This reserve is set to include not only Bitcoin and Ethereum but also US coins Solana, Ripple, and Cardano. On Wednesday morning, the XRP price and the SOL price now see a 5 percent increase, while the ADA price once again rises over 15 percent and trades at $0.93. Trump's crypto plans have drawn sharp criticism, especially towards Ripple. Even BTC skeptic Peter Schiff stated: “I can understand the reasons for a Bitcoin reserve. I don't agree with it, but I understand it. But what is the reason for an XRP reserve? Why on earth would we need that?” In contrast, Cardano founder Charles Hoskinson defended the Ripple coin: “XRP is a great technology, a global standard, has survived many tough cycles for a decade, and has one of the strongest communities.” Meanwhile, the Fear & Greed Index remains at “extreme fear” showing a score of 20. Many crypto investors appear to be unsettled. Seasoned investors could benefit from the difficult market phase now.
#TrumpCongressSpeech Zelensky will improve relationship with Trump – Bitcoin, XRP, and Cardano soar
Attempt to reconcile after failed meeting
On Friday, a meeting between Zelensky and Trump at the White House escalated into a dispute, after which the USA suspended the supply of weapons and ammunition to Ukraine. This could have serious consequences for the country's defense against Russian attacks.
Zelensky described the situation as "regrettable" and emphasized that he wants to "work and communicate constructively" in the future. To improve relations, he presented several proposals, including a prisoner exchange and a temporary suspension of fighting in the air and at sea.
Crypto markets respond positively Zelensky's statements had not only geopolitical implications but also directly affected the crypto market. Bitcoin (BTC) jumped from $81,800 to $86,500 after his remarks, representing a significant price increase in a short period of time. Cardano (ADA) and XRP surged even more, recording impressive gains of over 13%.
Investors seem to look more optimistically into the future, as diplomatic relations between Ukraine and the USA may improve again. If a peace agreement is indeed reached, this could further stabilize the markets and trigger a new bullish trend.
Cardano founder Charles Hoskinson reacted to Schiff's criticism. Hoskinson, who previously had some disagreements with the XRP community, supported Ripple's cryptocurrency this time.
Hoskinson drew attention to XRP's technological infrastructure, its long-standing presence in the market, and its strong community, making the following statement:
"XRP has great technology, has become a global standard, has weathered many challenging markets, and has a strong community. I think the president made the right decision."
Reaction from the Crypto Community
Hoskinson's support for XRP came as a surprise in the crypto world. David Schwartz, Chief Technology Officer of Ripple, responded to Hoskinson's statement by saying, "Am I dreaming?!" He replied as follows.
Cardano Founder: Crypto is Ready for a “Gigabullrun”
Charles Hoskinson expresses surprise at the ongoing crypto downturn. The quick-witted Cardano founder sees a clear contradiction between the price losses and the actual situation in the industry. In a post on X, Hoskinson writes: “For me, it is remarkable that we have all the prerequisites for a Gigabullrun in the markets, yet the industry is setting a new record for paper hands.”
The term “paper hands” refers primarily to crypto newcomers who sell off their positions during price declines and realize losses. Hoskinson compares the situation to a five-year-old child throwing a tantrum in a supermarket and throwing themselves on the floor. The conclusion of the Cardano founder: “Crypto continues to astonish time and again.”
Binance, one of the largest exchanges in the cryptocurrency market, continues to offer its users a wider range of options by increasing its transaction variety. The platform aims to expand the possibility of trading different currencies by listing new spot trading pairs. In this regard, according to Binance's announcement, new trading pairs will be available from February 25, 2025, 11:00 UTC.
Binance Activates Eight Trading Pairs
The cryptocurrency exchange Binance has announced that it will list new spot trading pairs to improve the user experience and expand trading options. Starting at 11:00 UTC on February 25, 2025, the following new trading pairs will be active on the Binance spot market:
An important phase in every Bitcoin cycle is the accumulation around previous price highs. BTC usually consolidates for a period of time before the next uptrend begins.
In 2013, this phase lasted very briefly. In 2017, only a few weeks. In 2020-2021, this process lasted about eight months. In 2024, this accumulation phase seems to last longer again. The current sideways movement could indicate that the uptrend is still developing.
According to Sieloff, XRP's price decline over the past few weeks coincides with the classic technical pattern. A breakout above the resistance of $2.70 would confirm the bullish breakout, which is a sign that XRP price can continue to rise to levels of $3.36.
Sieloff is not the only analyst who is bullish on the popular altcoin's price action. XRP enthusiast and trader EGRAG Crypto even speculates that the coin's price could rise to levels of possibly $38, which would mark an exorbitant increase of a whopping 1,300% and take the market cap to over $2 trillion.
The technical analysis shows that the price of SOL continues its downward trend. The support level of 180 USD has been lost, and the price fell below the Fibonacci retracement point at 175 USD. Current developments suggest that the price could react to the range of 180-190 USD in the short term.
However, as the overall bearish momentum persists, there is a high probability that SOL will fall to 157 USD and below in the coming days.
BNB chain is very active! Activity explodes, price could break record
According to Bollinger Bands (BB) data, BNB price fluctuates between $560.53 and $708.04. The middle band level at 634.28 $ plays a crucial role as support and resistance. If BNB crosses this level, a strong bullish breakout is possible. However, if the $708 mark is not broken, the price may continue its consolidation process. The Relative Strength Index (RSI) is currently at 51.71, which is neither in the overbought nor oversold zone. If buying pressure increases, BNB price could reach new highs!
Weekend Alert for XRP! Will $3 Resistance Be Overcome?
XRP has been trading in a critical resistance area this weekend. Technical indicators suggest that the price could see a major breakout. The ascending triangle pattern is a strongly bullish pattern that usually results in an upside move of 70-75%. If buyers manage to overcome the $3 mark, the price of XRP could rise to a range of $3.2-$3.4. Popular crypto analyst Dark Defender opines that if XRP breaks the $3 mark, it would open the door to a rally towards $5.8. This prediction is based on the 261.8% Fibonacci extension level. However, for this rally to happen, the bulls need to break the selling pressure and push the XRP price above the key resistance levels.
Bitcoin experienced a sharp decline yesterday from 98,000 to 95,000 $. This pullback occurred as selling pressure increased due to the Bybit hack. Currently, it is crucial for Bitcoin to hold the support of 94,818 USD. If this level is breached, the price could fall to 93,415 USD and then to 91,300 USD.
If Bitcoin overcomes the resistance mark of 97,756 USD, the price could quickly rise towards 100,000 USD and then to 102,668 USD. Even though volatility in the crypto market is high, Bitcoin's upside potential remains strong! Breaking through these levels could lead Bitcoin into a new uptrend, boosting market confidence. However, if selling pressure persists, the price may need to test lower support levels and the market may need to realign.
Bybit and Phemex funds were moved to the same wallet
Blockchain analyst ZachXBT revealed that the Lazarus Group consolidated stolen funds from the Bybit and Phemex attacks into the same wallet. In the Phemex attack in January, hackers stole $29 million worth of digital assets in more than 125 transactions across 11 blockchain networks. These funds were converted to Ethereum (ETH) via privacy-focused protocols like Tornado Cash, making them difficult to track.
Famous analyst speaks about the Bybit hack: He criticizes Ethereum!
Bitcoin maximalist and JAN3 boss Samson Mow commented on the hack of the Bybit exchange by North Korean hackers. Mow called for the revocation of the Ethereum blockchain after ETH worth $1.4 billion was stolen. Meanwhile, other major crypto exchanges, including Binance, rushed to the aid of the ailing platform. Some exchanges are sending ETH worth tens of millions of dollars to Bybit.
According to a recent report by analytics platform Santiment, AI platform Kaito's native token KAITO is generating significant buzz due to its listing on major exchanges such as Binance, Coinbase, and KuCoin. Crypto enthusiasts are actively discussing trading activities, price predictions, and ongoing airdrop claims. The project's features and token economics are fueling the excitement even further, making it one of the most talked about tokens in the community.