After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to break above resistance levels and establish a new price target. With this in mind, a crypto analyst forecasts that if the asset surpasses this resistance, it could skyrocket to $3.85, potentially climbing even higher to hit the $6.5 mark.

XRP Bulls Push Toward $3.85 ATH Price

During the bull run in 2018, the XRP price hit its current All-Time High (ATH), skyrocketing to the $3.84 level. Now, a TradingView crypto analyst, identified as ‘Mindbloome-Trading,’ has shared a recent forecast, suggesting that XRP could surge past its ATH price to $3.85 in 2025. 

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The analyst’s bullish XRP price prediction is based on key resistance and support levels, with the expectation that the cryptocurrency can break above these levels. He shared a detailed video chart analysis, highlighting the altcoin’s price action on a monthly, weekly, daily, and 4-hour basis. 

The TradingView analyst announced that XRP is in a bull run and showing signs of a strong upward rally. The cryptocurrency had previously broken the $2.6 price, transforming this level into a crucial support area for driving its market momentum. 

Forming a new resistance level at $2.7, the crypto expert disclosed that the asset must break this threshold to initiate a swift climb to $3.15. In his video analysis, he identified the price points at $3.0, $3.11, and $3.14 as critical resistance levels that, if XRP can surpass, could push it to a new all-time high target of $3.85. 

While the analyst is confident that XRP can hit his projected price target, he also believes that the cryptocurrency could rally even higher, potentially hitting the $6.55 mark. He explained that this surge would be highly possible, as the subsequent increase in XRP’s market capitalization would be a fair and well-supported progression. The TradingView expert also acknowledged that for the cryptocurrency to reach the forecasted $3.85 ATH, several bullish catalysts would be necessary, including a positive upward trend in Bitcoin. 

Possible Market Dip Ahead

As XRP bulls attempt to trigger a price rally toward $3.85, Mindbloome-Trading has shared an alternative bearish scenario for the cryptocurrency if it fails to break above key resistance levels. According to the TradingView analyst, the current resistance XRP is facing is strong, raising the likelihood that the cryptocurrency may struggle to overcome it, potentially limiting its upward momentum. 

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He predicts that if the altcoin fails to surpass the resistance level at $3.13 and $3.15, the cryptocurrency could face a sharp correction, potentially dropping to $3.00 or even lower, with $2.85 being the possible target. As of now, the XRP price is trading at $3.1, reflecting an 11.22% increase over the past 24 hours, according to CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com

Coinbase received a Virtual Asset Services Provider license in Argentina, allowing it to offer crypto services legally in the country. Binance received this same license last October.

To this end, the exchange will likely focus on community outreach and local business networks rather than long-term goals of expanding across Latin America.

Coinbase to Enter Argentina

Coinbase, one of the world’s leading crypto exchanges, has been working to build its reputation for global regulatory compliance. The firm delisted Tether in the EU and announced it would do so in the US if required.

Also, the exchange made progress in the SEC lawsuit and is expecting a positive outcome. With today’s announcement, it’s evident that Coinbase is looking to expand its operations to more countries.

“Economic freedom is a cornerstone of prosperity, and we are proud to bring secure, transparent, and reliable crypto services to Argentina. For many Argentinians, crypto isn’t just an investment, it’s a necessity for regaining control over their financial futures,” said Fabio Plein, Director for the Americas at Coinbase.

Argentina is one of the leading regions in South America in terms of crypto adoption, making it an attractive destination for Coinbase. Its President, Javier Milei, has planned to embrace Bitcoin payments this year, mirroring Coinbase CEO Brian Armstrong’s own beliefs.

Also, the exchange cited strong public support for crypto and widespread daily use as core reasons for expanding to the nation.

Additionally, Binance, one of Coinbase’s main rivals, received the exact same license in Argentina last October. Therefore, Coinbase will have to actively work to overcome Binance’s first-mover advantage in this market.

To that end, the exchange tapped local entrepreneur Matías Alberti to head the project, leveraging his existing business connections.

“Argentina is beginning to open up to the world and little by little we will stop being so isolated from everything. I don’t know what the implications are in real terms, but I think it’s excellent news that companies are encouraged to set foot in Argentina after so many years of excessive regulations,” worte Rojan Ron, a popular crypto influencer in Argentina.

Coinbase stated that it’s adopting several strategies to attract popular interest in Argentina. It will obviously maintain its standards for security and consumer protection but will also launch local education initiatives.

These initiatives will help ordinary Argentinians build the background and confidence to pursue opportunities in this chaotic industry.

Ultimately, the exchange seems to be keeping its long-term goals fairly local. Neither the exchange’s press release nor social media comments have suggested plans for regional expansion. Argentina has a strong crypto community, and Coinbase will focus on excelling there.

Bracket, a DeFi platform backed by Binance Labs, has introduced its strategy management platform. The platform will offer liquid staking token (LST) holders access to higher staking yields on Ethereum. 

Known as ‘ETH+,’ this feature will reportedly address inefficiencies in traditional LST liquidity pools. These pools are often fragmented and prevent seamless yield optimization.

Bracket is Changing Liquid Staking on Ethereum

According to the announcement, brktETH is at the core of Bracket’s platform. This is a non-rebasing token backed by a treasury of diverse LSTs and liquid restaking tokens (LRTs). 

The token aggregates assets from providers like Lido, Rocket Pool, and Ether.fi. This simplifies staking on Ethereum and creates a unified approach to yield generation.

“The launch of our strategy management platform is a defining moment for Bracket. Phase II takes us closer to our vision of creating a secure, user-friendly platform where DeFi participants can maximize their yields without compromising transparency or safety,” Mike Wasyl, CEO of Bracket, told BeInCrypto. 

Unlike conventional staking tokens that increase in quantity, brktETH gains value through a rising conversion rate relative to ETH.

The platform excludes users from the US and sanctioned regions due to regulatory restrictions.

Previously in an interview with BeInCrypto, Wasyl noted growing interest in passive investment strategies centered on LSTs. 

The DeFi sector has seen increased adoption of these tokens as investors favor stable returns over speculative trading. Industry leaders like Lido continue to drive this trend, benefiting from a broader interest in liquid staking solutions.

Ethereum Staking Trends and Challenges

In 2024, Ethereum achieved a major milestone: 24% of its total supply was staked. This reflected the community’s preference for passive income options over immediate liquidity. 

The Shapella upgrade further boosted flexibility by enabling withdrawals of staked ETH, yet staking activity has continued to rise.

Despite this growth, Ethereum’s staking rewards declined to 3% in Q3 2024. This drop has contributed to reduced validator interest. Queue times for staking shrunk from 45 days in mid-2024 to less than a day.

The Ethereum Foundation is now reevaluating its stance on staking ETH. Previous hesitations stemmed from regulatory concerns and the need to maintain neutrality in contentious hard forks. 

Vitalik Buterin recently suggested that regulatory risks have diminished. However, challenges around neutrality persist.

Bracket’s platform launch and the continued evolution of Ethereum staking highlight the growing importance of innovative new solutions in addressing inefficiencies and boosting returns for DeFi participants.