Market
Will The Gains Keep Coming?
Ethereum price started a fresh increase above the $3,000 resistance. ETH is up over 10% and now approaches the key barrier at $3,250.
- Ethereum started a fresh surge above the $2,880 resistance zone.
- The price is trading above $3,000 and the 100-hourly Simple Moving Average.
- There is a new bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to rise if it clears the $3,250 resistance.
Ethereum Price Regains Momentum
Ethereum price started a fresh increase above the $2,750 resistance like Bitcoin. ETH was able to climb above the $2,880 and $3,000 resistance levels to move further into a positive zone.
It even surged above the $3,120 level in the past few sessions. It is up over 10% and there was a move above $3,150. A high is formed at $3,249 before there was a minor pullback. There was a move below the 50% Fib retracement level of the upward move from the $3,020 swing low to the $3,249 high.
However, the bulls were active near the $3,080 level and the 76.4% Fib retracement level of the upward move from the $3,020 swing low to the $3,249 high. Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average. There is also a new bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD.
On the upside, the price seems to be facing hurdles near the $3,200 level. The first major resistance is near the $3,250 level. The main resistance is now forming near $3,300. A clear move above the $3,300 resistance might send the price toward the $3,350 resistance.
An upside break above the $3,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone.
Are Dips Supported In ETH?
If Ethereum fails to clear the $3,250 resistance, it could start a downside correction. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120 zone and the trend line.
A clear move below the $3,120 support might push the price toward $3,080. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,120
Major Resistance Level – $3,250
Market
XRP Token Price Hits $0.75 – Can the Rally Continue?
Ripple’s XRP has witnessed a significant price surge following its Wednesday listing on the popular trading platform Robinhood.
This has propelled the XRP token price to a new year-to-date high of $0.75, and it now appears poised to hit new highs before the end of the year. Here is why.
Ripple Rallies, Thanks To Robinhood
Robinhood’s crypto division expanded its offerings on Wednesday, adding support for XRP and several other altcoins. For example, the platform also relisted Solana (SOL) and Cardano (ADA) for US customers, reversing last year’s regulatory-driven delistings.
This listing fueled buyer demand for XRP, pushing its price to a new year-to-date high of $0.75 during the intraday trading session. Although it has since corrected by 7%, the bullish bias toward the altcoin remains significant. At press time, XRP trades at $0.70.
At its current price, XRP trades above its Ichimoku Cloud. BeInCrypto’s analysis of the XRP/USD one-day chart shows this could be the first sustained rally above the cloud in over a month.
The Cloud is an indicator that tracks the momentum of an asset’s trends and identifies potential support/resistance levels. When an asset’s price stays above the cloud, it signals a strong bullish trend, indicating that buyers dominate and market sentiment is positive.
Moreover, traders typically confirm the trend by looking at the Conversion Line (blue) and Base Line (red). If both are above the cloud and moving upward, it reinforces the bullish outlook. As of this writing, this is the case with XRP, confirming the market’s uptrend.
Further, XRP’s rising Chaikin Money Flow (CMF) indicates the strengthening demand for the altcoin. At press time, this stands at 0.28.
This indicator measures money flows into and out of an asset. When its value is above zero, buying pressure outweighs selling activity among market participants.
When this happens during a price rally, as in XRP’s case, it gives credence to the price growth. It indicates that the price surge is backed by actual token demand and not by mere speculation.
XRP Price Prediction: $0.80 May Be the Next High
XRP is trading at $0.70, slightly below the resistance level of $0.72. If demand strengthens, the token may breach this level and reclaim its new year-to-date high of $0.75. A successful break above this point could propel XRP’s price to $0.80, a high last seen in July 2023.
However, a resurgence of selling activity could invalidate this bullish outlook, causing the XRP token price to plummet toward $0.66. If this support fails to hold, the price may drop further to $0.59.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Tensor’s Vector.fun Tests SocialFi Viability Amid Meme Coin Hype
With the ongoing surge in interest in meme coins, a leading Solana NFT marketplace, Tensor, is launching Vector.fun.
In essence, the project can be described as a SocialFi experience that combines trading with social engagement in one mobile app.
The Road to Vector.fun
Tensor’s Gen-Z-focused approach tries to make meme coin trading more accessible to “normies,” as Tensor co-founder Ilja Moisejeves put it on X. According to Tensor’s founders, everything about trading and crypto is “inherently social.” The main way it tries to achieve this is by making it a shareable experience, driving home the essence of community trading.
“It’s a new way to trade. It’s internet finance in every pocket. It’s how your normie friend gets into crypto. It’s the #1 app in appstore in 2025. Or it’s a f**king dud and I’ll be fired. I guess we’ll find out,” said Tensor co-founder Ilja Moisejevs on X.
As co-founder Richard Wu described on X, the project’s idea arose from a need for a solution to NFT fatigue. The project has been in development over the last eight months, a process the founders described as grueling.
“I probably had 1 weekend off since TGE. One of our BD guys retrained as PM to help with the load. People pulled 20hr days. Engineers slept in the office. 100s of feedback calls. 1000s of PRs. If you think Tensor was built fast…. my god, let me tell you, this thing is 10x more feature-full and was built 10x faster. The team was stupid locked in,” said Tensor co-founder Ilja Moisejevs on X.
Earlier this week, they opened up early access to their waitlist. Shortly after, they had to suspend sign-ups due to high demand, an auspicious sign. Those who’ve already signed up will be granted access in the coming weeks. The existing holders of their NFT collection can confirm ownership on Discord.
In 2023, Tensor emerged as a strong player in the Solana NFT space. But as they debut this trading terminal, repeating that success remains to be seen as they enter this highly competitive atmosphere.
Over the last year, meme coin trading has boomed, largely thanks to Pump.fun, which enables users to create tokens easily and cheaply. Some tokens, like Peanut the Squirrel (PNUT) and Goatseus Maximum (GOAT), have even reached impressive market caps, bringing substantial gains to early investors.
Even with impressive examples like these, most meme coins experience quick deaths. History has proven the same for SocialFi.
The Sad Saga of SocialFi
In late 2024, SocialFi platforms like Farcaster, Lens, and Friend.Tech began seeing a steep decline in user activity. Farcaster, a platform focused on user privacy and data control, experienced a substantial drop in daily active users (DAUs), from 67,000 in July to 34,000 in October, despite acquiring $150 million in funding earlier this year.
Friend.Tech also saw a tumble in revenue. Originally yielding over $4 million in fees in September 2023, developers have since renounced control of its smart contract.
Now, they can no longer make changes or claim ownership. As of June, the project no longer generates any revenue.
These struggles highlight challenges in maintaining user interest in the SocialFi space despite large investments and early excitement. However, the recent meme coin craze serves as an ideal launchpad for Vector.fun to take off, testing the arena for SocialFi readiness in the community.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Can Chainlink Help WLFI Beat Setbacks?
World Liberty Financial (WLFI), a project inspired by Donald Trump’s vision of financial independence, has announced its adoption of Chainlink’s infrastructure.
The partnership with Chainlink aims to establish WLFI as a reliable, secure DeFi platform focused on promoting USD-backed stablecoins and safeguarding the dollar’s role as the global reserve currency. However, amid these ambitious goals, the project faces significant skepticism from crypto investors and a challenging launch marked by technical setbacks.
Chainlink Adoption for Enhanced Security and Interoperability
According to a press release shared with BeInCrypto, World Liberty Financial’s decision to leverage Chainlink technology centers on its use of Chainlink’s Price Feeds for the Ethereum mainnet.
By integrating Chainlink’s secure price feeds, WLFI hopes to enable real-time, dependable financial data across assets like USDC, USDT, ETH, and WBTC. These are crucial to its future launch of an Aave v3-based lending service on its platform.
WLFI’s integration of Chainlink aims to address common DeFi challenges, such as secure cross-chain interoperability and protection from market volatility. This is particularly significant as DeFi has faced frequent scrutiny over transaction security and reliability. Chainlink’s ecosystem, which has processed over $16 trillion in transaction value, is expected to enable WLFI to secure more users and grow its DeFi ecosystem.
“Never before have we been more bullish on crypto or the overall future of DeFi technology,” noted Eric Trump, WLFI’s Web3 Ambassador.
WLFI’s mission represents a vision to democratize financial access and reinforce USD’s supremacy on the global stage, a stance inspired by Trump’s policies. This focus includes promoting privacy-oriented, peer-to-peer (P2P) transactions that WLFI claims align with “American values” of financial independence and freedom.
The platform’s governance is community-driven, with token holders (WLFI) voting on protocol decisions. This would allow World Liberty Financial to take what it calls a “user-driven approach” to shaping the future of its DeFi ecosystem.
Trump’s decentralized finance project also hopes to bridge Web2 and Web3, simplifying DeFi’s notoriously complex user interfaces. This is while it aims to attract a broader, mainstream audience.
The project’s integration of Chainlink for multi-chain connectivity and data infrastructure is a step in that direction. It seeks to streamline asset tokenization and make DeFi accessible to those without a technical background.
Chainlink Partnership May Instill Greater Confidence in World Liberty Financial
While World Liberty Financial’s partnership with Chainlink appears promising on paper, the project has faced investor doubt and early setbacks. During its presale phase, WLFI had to drastically cut its fundraising goals by 90%, sparking questions about the project’s viability. Similarly, many investors remained unimpressed, and concerns have circulated about the project’s capacity to achieve its bold vision.
BeInCrypto also reported how technical difficulties plagued World Liberty Financial’s highly publicized launch. Reports of delayed transactions and connectivity issues dampened investor enthusiasm as potential users faced difficulty accessing the platform. Such issues highlight the inherent risks associated with complex, large-scale DeFi launches, particularly for new projects striving to compete with well-established players.
Despite these challenges, Chainlink Co-Founder Sergey Nazarov expressed optimism. He said Chainlink’s infrastructure could attract a community of users who prioritize security and transparency.
“The Chainlink standard is already widely used across DeFi. It will help WLFI attract users that value the security and reliability that has already helped grow DeFi as an industry,” Nazarov said in a press release shared with BeInCrypto.
This suggests that the partnership may instill greater confidence in WLFI’s platform moving forward. Yet, World Liberty Financial must still prove its value amid a fast-paced DeFi playing field.
The tokenized asset initiative, central to WLFI’s long-term strategy, has yet to demonstrate its unique value proposition compared to established DeFi projects that already leverage Chainlink’s cross-chain infrastructure.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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