Altcoin
XRP Stable Coin Set to Be Deployed In Weeks As Whales Prepare For Mpeppe Tier 1 Exchange Launch
Ripple (XRP) has recently experienced a significant legal victory against the U.S. Securities and Exchange Commission (SEC), a development that could enhance XRP’s long-term potential. However, despite this legal triumph, XRP’s price has yet to see substantial recovery, leading to mixed reactions within the XRP community. Amidst these developments, a new player is catching the eye of investors—Mpeppe (MPEPE), a meme coin poised for a major launch on a Tier 1 exchange.
Ripple’s Institutional Adoption and the Path to Global Success
Ripple (XRP) has been engineered with a specific purpose in mind, setting it apart from other cryptocurrencies that are primarily used for short or long-term trading, whilst Mpeppe (MPEPE) is used for currency flow within their ecosystem. Ripple’s mission is to establish itself as the leading cryptocurrency for institutional applications, particularly in cross-border payments. The XRP Ledger (XRPL) is competing with the SWIFT system, aiming to offer faster and more cost-effective solutions that appeal to institutional users.
Despite the legal victory, XRP’s price has not yet reflected this success, remaining relatively stagnant. However, the focus on institutional adoption is seen as a positive long-term strategy. According to Dilip Rao of Ripple:
“It’s like a chicken and egg situation; you need to create a marketplace. Currently, there are 152 exchanges worldwide trading XRP. Many of these are retail trades, but that’s not our target. We’re looking at using XRP as a financial instrument through sophisticated institutions as a bridging mechanism. Last quarter, most XRP sales were institutional. With this shift from retail to institutions, we’re starting to use it for large-scale financial applications.”
Mpeppe (MPEPE) and Its Impending Tier 1 September Exchange Launch
While Ripple (XRP) grapples with market fluctuations, Mpeppe (MPEPE) is making headlines with its rapid ascent in the meme coin space. Mpeppe recently raised $1.7 million in its presale, setting the stage for a significant rally that saw its value soar. The excitement doesn’t end there—Mpeppe is preparing for a Tier 1 exchange launch, which has attracted the attention of crypto whales who see massive potential in this meme coin.
Mpeppe’s rise has been fueled by its integration with the online gambling sector, providing real-world utility that sets it apart from other meme coins. The community-driven nature of Mpeppe, combined with strategic marketing efforts, has created a strong buzz around the coin, making it a hot topic in crypto circles.
Whales Preparing for Mpeppe’s (MPEPE) Next Big Move
As Mpeppe gears up for its Tier 1 exchange launch, major investors, including crypto whales, are positioning themselves to capitalize on the potential gains. The anticipation of this launch is driving significant interest in Mpeppe, with many speculating that the coin could see another substantial spike in value.
The strategic timing of Mpeppe’s launch, coinciding with Ripple’s ongoing legal and market challenges, highlights the dynamic nature of the cryptocurrency market. While XRP remains focused on long-term institutional adoption, Mpeppe is capturing the market’s attention with its rapid growth and immediate profit potential.
In Summary
The cryptocurrency market is as unpredictable as ever, with Ripple (XRP) and Mpeppe (MPEPE) showcasing two very different approaches to achieving success. Ripple’s (XRP) focus on institutional adoption and cross-border payments presents a strong long-term case, but the immediate market sentiment favors the explosive growth potential of Mpeppe (MPEPE). As Ripple (XRP) prepares to deploy its Stable Coin, and Mpeppe (MPEPE) readies for its Tier 1 exchange launch, investors will need to carefully weigh the risks and rewards of each to make informed decisions in this ever-evolving market landscape.
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The Chainlink price is poised for liftoff, with a bullish rebound on the horizon. As LINK has soared past its key support level, analysts and traders remain bullish about the altcoin’s potential rally new heights.
Analysts like Ali Martinez and CRYPTOWZRD have identified critical levels for LINK, invoking the community’s attention. Let’s unveil Chainlink’s potential movements through the analyses of popular analysts.
Is Chainlink Price Ready for a Rebound?
In a detailed analysis, analyst Ali Martinez spotted key support and resistance levels for Chainlink. According to Ali’s analysis, Chainlink’s support level is established at $12.28, while $14.58 acts as a significant resistance hurdle.
With the Chainlink price breaking past its support line, which now acts as a foundation, the stage is set for a potential bullish reversal, signaling an upward trend. And, if LINK breaks past the $14.58 point, which has been a significant resistance point, further upside momentum comes into view, with potential new highs on the horizon.
Chainlink’s Next Target: Is $26 Within Reach?
According to market expert CRYPTOWZRD, Chainlink daily technical outlook is uncertain, with an indecisive close. However, the analyst highlighted that LINK is currently testing the significant $12.50 level. Given LINK’s oversold condition, its price movement is likely to follow Bitcoin’s trend.
Interestingly, as pointed out by CRYPTOWZRD, LINKBTC’s daily falling wedge formation suggests potential for an impulsive upside breakout. LINK itself is forming a daily falling wedge above its lower high trend line, indicating a possible rally towards the $16 resistance target and beyond.
Significantly, the chart presented by the expert indicates that LINK could hit $26 if it passes the resistance point. However, as per CoinGape’s Chainlink Price Prediction, LINK will reach a maximum of $15.24 in 2025.
Meanwhile, LINK’s intraday chart showed a lack of clear direction, with price movements confined to a narrow range. A breakout above $13.20 could present a trade opportunity, while a decline below $11.80 would signal a test of the main support level.
LINK Market Sentiment Analysis
In an “In/Out of the Money Around Price” analysis, Ali Martinez shared insights into the market sentiment for LINK. The analyst detailed the number of traders holding Chainlink at different price points.
At press time, Chainlink is trading at $12.81, up1.46%. Despite a 0.86% surge over the past week, LINK experienced a massive decline of 30.99% over the last month.
Notably, more addresses are holding LINK at a loss than at a profit. According to the chart, 53.06% of the holdings are “out of the money,” which means that they represent 78.24 million LINK bought at a price above the current $12.68.
At the same time, 44.63% of analyzed holdings, representing 65.81 million LINK, are ‘in the money,’ having been bought by traders at a price below $12.68. This data highlights potential support and resistance levels, with significant holdings at $12.47 and $14.19.
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.
Lorenzo Protocol (BANK) price has defied the broader market’s recent uncertain trend by rallying 150% this Saturday. The institutional-grade asset management platform has stolen the spotlight primarily as a top CEX, Binance, unveiled a new listing for its native token. As a result, traders and investors are extensively eyeing this crypto, speculating whether the pump could sustain amid enhanced market exposure.
Lorenzo Protocol Price Bullish As Binance Futures Adds BANKUSDT Contract
At the time of reporting, BANK price traded at $0.05237, up by a staggering 150% in just a day. The cryptocurrency’s price surged from a bottom of $0.01839 intraday, in sync with Binance’s announcement.
According to an official press release by the crypto exchange on April 18, the platform’s futures trading division is adding the BANK USD-Margined perpetual contract to its stockpile of offerings. The platform’s colossal user base remains poised to enjoy up to 50x leverage while trading the asset. The timeline for this launch was set at 18:30 UTC, the same day.
Further, the top crypto exchange set the capped funding rate at +2.00%/-2.00%. Also, the same perpetual contract will be available for ‘Futures Copy’ trading, offering users enhanced opportunities to make returns.
For context, usual market sentiments about the coin’s future price action have turned highly bullish with the new offering. Traders and investors are expecting a substantial influx of funds into the token as the new listing paves the way for more investor interaction with the asset.
Now, crypto market watchers are thoroughly monitoring the token for further gains, highly optimistic amid an ongoing rally of 150% following the listing announcement. Lorenzo Protocol is an institutional-grade asset management platform that issues yield-bearing tokens backed by diverse underlying strategies.
Besides, it’s worth mentioning that Binance revealed another crypto listing this week, CoinGape reported. The CEX has revealed plans to open trading for Balance (EPT) shortly, garnering further attention among traders and investors.
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.
Solana (SOL) price has been under pressure recently, leading to concerns about a potential downtrend against Bitcoin (BTC). On the SOL/BTC price chart are signs that the cryptocurrency could be forming a “death cross,” a pattern that suggests a further decline in price.
This follows a period of weak performance for Solana relative to Bitcoin, sparking discussions on whether the altcoin can recover or continue to underperform.
Will Solana Form a Death Cross Against Bitcoin?
Over the past few months, Solana price has experienced a sharp decline when compared to Bitcoin. As of mid-April 2025, Solana is priced at 0.00158 BTC, down by 23% from earlier in the month. This comes after a significant 54% drop since January, showing a steady loss in value relative to Bitcoin.
The recent drop in Solana’s price has raised concerns among traders and analysts. Moving averages, which track price trends over time, have been narrowing, which is often a precursor to a potential death cross formation.
Specifically, the 23-day moving average is approaching the 200-day moving average in the weekly chart, a key level for technical analysts. If it crosses below the 200-day average, it would officially signal a death cross. This could indicate a further decline in Solana’s price against Bitcoin.
Solana’s Recent Performance and Market Trend
Nonetheless, Solana has had some strength, which can be attributed to the recent launch of Solana ETFs in Canada.
At the same time, institutional investors’ attention contributed to the altcoin’s success in surpassing the performance of numerous other cryptocurrencies, including Bitcoin. Solana delivered a 10.5% return within a week, while Bitcoin delivered a 1.8% return in the same time frame.
Nonetheless, the recent excitement about Solana appears to have subsided with the lessened market movements. Analysts like Ali Charts are now analysing whether the recent strength was just a blip in the charts or the first sign of an actual trend reversal to $65.
SOL/BTC Technical Patterns and Support Levels
Based on the current technical perspective, Solana’s price trend against Bitcoin has established the “Falling wedge” chart. This pattern is normally noticed during the consolidation phase, and the break above the upper trend line is usually interpreted as a signal for a bullish move.
The declining moving averages indicate that Solana may continue to decline against Bitcoin and possibly test lower supports despite the SOL/ETH ratio recording its highest weekly close
At present, the price is almost at the apex of the wedge pattern, meaning that it can break soon. If the price surmounts the resistance level at around 0.0018BTC, it will possibly lead to a bullish run and might even regain the value of 0.001895BTC for Sol. However, if the price cannot hold its support at 0.0014 BTC, then it may decrease even lower.
Solana’s performance against Bitcoin will be very significant over the next few weeks. The potential death cross and the support and resistance levels on the chart pinpoint that Solana might experience a difficult time moving forward. If the trend persists, the altcoin could potentially drop as low as 0.001 BTC—a price point that, when measured in dollar terms, is below $100.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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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