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Ripple’s XRP is currently trying to rise above the crucial $2.40 level. The price recently dipped more than 5-6 percent, erasing the gains made in the last week. XRP could still experience some upward movement, though key levels are crucial for understanding whether the market sentiment is shifting.Key Levels to WatchXRP is currently in a consolidation phase, which could exist for a while. However, on a smaller time frame, this phase may be nearing its end. A final upward move could complete a larger 5th wave, potentially driving XRP to new all-time highs. The most recent Wave 4 bottomed in…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
In a Tuesday interview with Bloomberg, Long suggested that U.S. regulatory tailwinds—particularly with the Trump administration’s pro-crypto stance—could turbocharge the approval process for new spot crypto ETFs. The most likely candidates for the next wave of crypto spot ETFs are XRP, Solana, and Dogecoin.“I think we will see one very soon,” Long stated. “I think that we will see more crypto spot ETFs this year coming out of the U.S., and I think XRP is likely to be next in line after bitcoin and ether. We think, especially with the administration change, the approvals of those filings will accelerate.”Ripple’s RLUSD…
Sonic SVM, a newly developed layer-2 gaming solution on the Solana blockchain, introduced its native token, $SONIC, which debuted with an initial market cap of approximately $260 million.Of the total supply of 2.4 billion SONIC tokens, 30% has been set aside for the Ecosystem & Community fund to help game studios develop on the Solana layer-2 network.The blockchain gaming world has been buzzing with excitement following the launch of Sonic SVM’s native token, SONIC, on January 7, 2025. Built as a Layer-2 gaming solution on the Solana blockchain, Sonic SVM has made waves with its seamless integration of blockchain gaming…
Este artículo también está disponible en español. Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,500. Ethereum started a fresh decline from the $3,450 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,400 resistance level. Ethereum Price Extend Losses Ethereum price failed to start a recovery…
Data is here:China December CPI +0.1% y/y (expected +0.1%, prior +0.2%)Recap (summary of a Reuters report):Consumer Price Index:China’s CPI rose by 0.2% in 2024, matching the previous year’s growth and falling well below the 3% target.December CPI increased by 0.1% year-on-year, slowing from 0.2% in November and marking the weakest pace since April.Core inflation, excluding food and fuel, edged up to 0.4% in December, the highest in five months.Producer Price Index:Factory-gate prices declined for the 27th consecutive month, with the PPI falling 2.3% in December year-on-year, an improvement from November’s 2.5% decline.Economic Challenges:Persistent weak domestic demand is driven by:Job insecurity.A…
Gary Gensler, the outgoing Chair of the U.S. Securities and Exchange Commission (SEC), reaffirmed his stance on the need for stricter regulation of the cryptocurrency industry. Speaking during an interview with Bloomberg TV on Wednesday, Gensler described the crypto market as “rife with bad actors” and called for enhanced oversight to protect investors.Gensler, who has led the SEC since 2021, emphasized the importance of enforcing existing laws and ensuring compliance among crypto firms. His tenure has been marked by vigorous enforcement efforts, including legal actions against major players like Coinbase and Ripple. He is set to step down on January…
U.S. authorities have revealed that the alleged deceit orchestrated by Do Kwon, the architect behind the Terra (LUNA) ecosystem, may have adversely impacted over a million individuals globally. Extradited to the United States last month, Kwon is facing serious allegations connected to the catastrophic downfall of Terra, which incurred losses in the billions.What Led to Kwon’s Arrest?How Many Are Affected by His Actions?What Led to Kwon’s Arrest?In a twist of events in 2023, Kwon was detained while attempting to flee to the United Arab Emirates using a fraudulent passport. Following a high court ruling favoring the U.S. extradition request, he…
XRP witnessed accumulation within a range over the past month.The short-term speculative sentiment was bearish, but a move to $2.4 is anticipated in the near-term.Ripple [XRP] has a long-term bullish outlook. Its rally to $2.9 was followed by a range formation that witnessed steady accumulation from the bulls.Experienced commodities trader and classical chartist Peter Brandt recently called for a $500 billion market cap for XRP.XRP range formation and the next buying opportunitySource: XRP/USDT on TradingViewFor a month, XRP has traded within a range that extended from $2 to $2.62. The mid-range level at $2.31 has served as both support and…
Este artículo también está disponible en español. Solana is currently trading at $197, marking a 13% decline from the local high it achieved earlier this week. The broader cryptocurrency market is experiencing heightened indecision, with some fear creeping in as Bitcoin struggles to reclaim the pivotal $100,000 level. This hesitation has created ripple effects across altcoins, including Solana, which has seen its recent momentum stall. Related Reading Top analyst Jelle shared a technical analysis on X, highlighting that $SOL/BTC could be a key pair to monitor in the coming weeks. Jelle suggests that Solana’s performance against Bitcoin may provide critical…