Altcoin
Here’s Why This Analyst Believes XRP Price Could Surge 44x
Crypto analyst Javon Marks has provided a bullish outlook for the XRP price, predicting that the altcoin could record a 44x increase. The analyst also explained why he believes that XRP could witness such a parabolic surge.
Why The XRP Price Could Surge 44x
In an X post, Javon Marks asserted that the XRP price could 44x from its current level. He explained that in 2017, XRP broke out of a pennant pattern and surged wildly towards its first target at $0.0609 before using it as a light resistance and breaking well above on a run towards the meeting of its second.
The analyst revealed that XRP recently broke out of a larger pennant pattern, surging widely towards its first target at $3.317 before using it as a light resistance. He added that next up can be a break well above this first target at $3.317 and a run towards the meeting of the second target, which is currently at $99.
Marks noted that $99 is currently over 4,331% away, meaning that the XRP price could 44x from here. In the short term, crypto analyst Egrag Crypto has revealed what lies ahead for Ripple’s coin, predicting that it could revisit the lows around $1.9 to $1.7 and then test the upper range at $2.80 to $3.00.
A retest of this $3 range could ultimately lead to a breakout from this light resistance, as mentioned by Javon Marks. XRP would then rally to a new all-time high (ATH), which could eventually pave the way to the $99 target.
The Altcoin Is Approaching A Critical Breakout Zone
Crypto analyst CasiTrades stated that the XRP price is approaching a critical breakout zone. She noted that after testing the .786 Fib support at $2.05 over the last few days, the altcoin is now bouncing strongly again, with the price heading right back into the first big test at $2.17.
The analyst remarked that this level has acted as key resistance before, and while the structure is looking bullish, the altcoin is not in the clear just yet. She went on to outline two scenarios, which she laid out on her accompanying chart.
The first scenario is the bullish case. Here, the analyst stated that if the $2.05 low was the final bottom, then XRP is now building a new impulsive trend. She added that a clean breakout above $2.25 would be a major sign of strength. Meanwhile, a break above $2.36 and hold would officially invalidate any idea of one final move lower, as it would confirm that Wave 1 is in.
The second scenario CasiTrades outlined is the bearish case. She claimed that if the XRP price struggles to flip $2.17 and $2.25 to support, then the altcoin could still be inside a final subwave 5 down toward the $2 region. The analyst remarked that $2.26 would be a short-term confirmation, while a break above $2.36 would confirm a trend reversal and that XRP is heading for new highs.
The Bitcoin price is currently rallying and hit $87,000 today, which is bullish for altcoins like XRP. However, all eyes are still on the effects of Donald Trump’s reciprocal tariffs as they could significantly impact the crypto market.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Despite the broader crypto market correction, Curve Finance’s Curve DAO Token (CRV) is up 10% with a strong 27% pump in daily trading volumes. This happens despite the fact that Michael Egorov has offloaded nearly $2 million in CRV tokens over the past two weeks. This is because the leading decentralized finance (DeFi) protocol witnessed a record Q1, with $35 billion in trading activity, despite a sluggish market.
Curve Finance Price Is Up 10%, $3 Rally Coming?
After the crypto market crash on Black Monday, the Curve DAO (CRV) price bounced back over 10%, currently trading at $0.45 with its daily trading volume surging 27% to $240 million. As per the Coinglass data, the CRV futures open interest is up 6% to more than $107 million, showing strong bullish sentiment among traders.
Prominent market analyst The Mental Trader has reiterated his bullish outlook on Curve (CRV), forecasting a rise to $3+ based on Elliott Wave (EW) theory. Despite recent price fluctuations, the analyst maintains that CRV remains in the “third of the third” mega wave upwards while hinting at a potential long-term upside.
The trader shows that the recent Curve Finance price action is a second minor wave within the sub-third wave, and a breakout above $0.60 would confirm a bullish trajectory ahead.
The swing low at $0.34 is highlighted as a critical level; a breach would necessitate a full revision of the EW count. Thus, traders should keep a close eye on CRV’s price action as it approaches pivotal resistance levels.
Founder Michael Egorov on CRV Selling Spree
Curve Finance founder Michael Egorov has resumed offloading CRV tokens amid a market rebound. On his latest sale, Egorov offloaded 236,457 CRV tokens valued at approximately $108,000.
Egorov has sold a cumulative 3.083 million CRV tokens since March 24, amounting to $1.62 million. The tokens were sold at an average price of $0.527, strategically executed near local price peaks as reported by Spot On Chain.
Surge In User Activity for Q1
The leading decentralized finance (DeFi) platform Curve Finance has witnessed a major surge in user activity during the first quarter of the year. During this period, the Curve platform clocked a massive $35 billion in trading volumes, up by 13% in comparison to the previous year.
As per the data from DeFiLama, the platform’s total transactions surged from around 1.8 million to 5.5 million in the first three months. This has been one of the major reasons behind the DEX’s surge in trading volumes.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Bitcoin +6%, Ethereum +10% Amid Tariff Uncertainty; FARTCOIN Skyrockets +38%, Recovery or Bubble?
Crypto Market Update: Bitcoin, Ether, and other altcoin prices have embarked upon a significant upward trajectory following the recent volatility stirred due to Donald Trump’s tariffs. BTC price witnessed a 6% uptick in the past 24 hours, closing in at the $79K level. Whereas ETH price surged nearly 10% to top $1,500. FARTCOIN price skyrocketed roughly 38% to cross the $0.5 mark.
Now, cryptocurrency watchers are left wondering whether the current upswing is signaling an imminent recovery or is it just a short-lived bubble amid the ongoing market uncertainty fueled by Trump’s tariffs.
Crypto Market Upswing Ignites Recovery Sentiments Among Investors
A couple of market analysts have recently posted on X, asserting that the current upswing suggests that a recovery trend is cooking. Besides, some even believe that the massive correction witnessed recently is just a normal part of bull cycles.
Renowned market trader Conor Kenny has said that the broader “market is recovering pretty nicely,” pointing towards today’s upswing.
Simultaneously, renowned analyst Crypto Rover stated in another X post, “Big corrections are normal during a bull market.” Altogether, with renowned experts showing a strong sense of confidence in the crypto market’s long-term prospects despite the recent volatility, traders and investors sighed in relief amid today’s price pump.
Bitcoin Price: Here’s What Analysts Predict For The Future
Notably, analyst ‘Crypto Rover’ highlighted in another X post that the Bitcoin CME gap came in at $83,887. This statistic basically suggested that while the Bitcoin futures market was closed on weekends, BTC hit $83K, creating a gap on the futures chart.
Historically, traders and investors have seen this gap refilled, indicating price trends eventually return to these levels. Asserting on this factor, the analyst says, “SEND IT BACK HIGHER.”
Intriguingly, BTC price has erased nearly 5% weekly amid crypto market uncertainty brewed due to Trump’s tariffs. However, another renowned market analyst took to X, projecting a bullish outlook for Bitcoin.
Market expert Javon Marks said, “BTC’s MACD confirms and is coming off of another hidden bullish divergence.” This statement revealed that the Moving Average Convergence Divergence, a momentum indicator, is signaling a trend shift to bullish.
In addition, renowned expert ‘Titan of Crypto’ revealed in his X post that “BTC bounced perfectly off the bottom line of the Supertrend indicator on the weekly chart.” This analysis hinted that bulls are again in control as the flagship crypto tested major support on the weekly Supertrend chart and bounced back up.
The abovementioned analysis of Bitcoin’s price chart indicates that a recovery is brewing, although short-term volatility remains the essence of the crypto market.
Ethereum Price Forecast: Here’s What The Latest Metrics Signal
An Ethereum OG rattled traders and investors by dumping 2,000 coins to Kraken despite ETH’s price showing signs of a recovery today. Data from Lookonchain revealed that an OG wallet revived after nearly 7 years of inactivity to dump $3 million worth of coins into Kraken.
The massive selloff conversely set off bearish sentiments, underscoring the loss of market interest and rising selling for Ethereum. Despite major bear markets in the past 7 years, the OG decided not to sell his holdings. However, uncertainty amid Trump’s tariffs saga has left crypto whales and sharks apprehensive.
The current market sentiment for Ethereum in the wake of this aspect is primarily uncertain. Traders and investors are awaiting a clear reversal signal before re-entering into the crypto market.
However, some also believe the recent market dip to be a perfect time to open new positions and capitalize via a buy-the-dip strategy.
Fartcoin Price Overview: Crypto Market Analyst Says Bulls In Control
Data from Nansen suggested that FARTCOIN has secured a prominent spot on investors’ radars in the interim. Some traders are even cashing out big amid roughly 40% gains taken by the meme token intraday.
Simultaneously, renowned market trader RookieXBT took to X, highlighting that the coin’s volume surged whereas the rest of the market fell apart. The latest metrics for the coin signal that a strong recovery sentiment is brewing, although short-term volatility may be witnessed due to broader trends.
Altogether, the current dynamics suggest that the crypto market’s long-term prospects glimmer with optimism and recovery to previous highs is highly possible despite short-term volatility.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The XRP lawsuit has taken a significant turn with the US Securities and Exchange Commission’s (SEC) decision to drop its appeal against Ripple. The platform is poised for major achievements as the Ripple case nears its long-awaited conclusion after the XRP community’s four-year struggle. With about 20 XRP ETFs ready to launch, advocate John Deaton reflects on Ripple’s journey over the past four years.
Notably, John Deaton sheds light on the phenomenal evolution of Ripple since 2020, despite the ongoing legal struggles. Let’s dive into Deaton’s critical role in the Ripple vs SEC case and the company’s potential developments.
XRP Lawsuit to ETF Launches: John Deaton Weighs In
Reflecting on the pivotal moments that shaped the Ripple landscape, XRP attorney John Deaton shared an X post earlier today. While Ripple has achieved a major milestone in the XRP lawsuit, Deaton looks back on his pivotal decision to file a Motion to Intervene in the case.
The Ripple lawsuit has since yielded significant milestones, most notably Judge Torres’ landmark decision that XRP is not classified as a security, paving the way for further growth and adoption. Building on this success, Ripple now stands triumphant with the recent launch of multiple XRP ETFs.
John Deaton’s Critical Role in the Ripple vs SEC Case
Interestingly, John Deaton filed a Motion to Intervene before four years, marking a significant turn in the XRP lawsuit. The lawyer asked Judge Torres to let XRP holders join the fray as defendants. Though many lawyers and individuals criticized him, he didn’t hesitate to move forward.
Further, citing his intention of gaining participatory rights as amici counsel, the XRP lawyer wrote,
I knew Judge Torres would never force the SEC to sue, at the time, 12,600 XRP holders (which grew to 75K) but man, did it send the right message. Other than sending that message, my real goal was to be appointed amici counsel, with participatory rights, which, in effect, she did.
Moreover, Deaton expressed his delight over Judge Torres’ summary judgment, which ruled XRP as a non-security. The lawyer explained that the judge cited the significance of XRP holder affidavits in her judgment. Notably, she referenced these affidavits on two separate occasions in her written XRP lawsuit ruling.
Recently, John Deaton underscored the significance of the potential tokenization of real-world assets (RWAs). In addition, he revealed how cryptocurrencies could help achieve the American Dream.
XRP ETFs: A Major Benchmark
John Deaton’s X post on the XRP lawsuit comes in response to the latest XRP ETF development. Recently, the NYSE Arca approved the Teucrium’s 2X Long Daily XRP ETF under the Securities Exchange Act of 1934.
“This is like the 20th XRP related ETF. Never say you can’t make a difference!,” stated John Deaton. With multiple platforms already applied to launch an XRP ETF, the community remains optimistic of the token’s future trajectory.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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