Connect with us

Market

XRP Price Consolidates—Breakout Incoming or More Choppy Moves?

Published

on


Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



Source link

Market

SEC Will Return $75 Million to Ripple in the XRP Lawsuit

Published

on


Ripple’s Chief Legal Officer announced today that its XRP lawsuit with the SEC is approaching the final legal phase. The SEC will keep $50 million from the previous $125 million fine and return the rest to Ripple.

Most importantly, Ripple will likely be able to offer XRP tokens to institutional investors, which could impact market liquidity and ETF approval odds.

A Final Chapter to Ripple Vs SEC

The Ripple vs SEC lawsuit was one of the most important crypto enforcement actions of Gary Gensler’s time as Chair, and the last questions are being answered.

Last week, the Commission officially dropped its lawsuit, marking the end of an era. Now, Ripple’s Chief Legal Officer is giving “what should be [his] last update ever” on the case.

“Last week, the SEC agreed to drop its appeal without conditions. Ripple has now agreed to drop its cross-appeal. The SEC will keep $50 million of the $125 million fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request,” he said.

Specifically, this cross-appeal contains two crucial components. First, it involves the $125 million fine. The initial community expectation was that the Commission would forfeit the entirety of this fine. However, it seems that both parties have reached an agreement on this matter.

Another critical ruling in the 2024 decision was that Ripple could not sell XRP to institutional investors. The firm had reportedly been negotiating with the SEC to drop this mandate for weeks.

According to reports, this ruling is also being overturned as part of the agreement. In the long run, the lifted restrictions may have a much larger impact. Now that the SEC will let Ripple sell XRP to institutional investors, it could bring significant liquidity, partnership opportunities, and more.

In particular, this decision may also impact XRP’s status as a security or commodity. The SEC was already considering Ripple’s arguments to declare XRP a commodity, and this move may add further weight to the argument. This would also likely improve XRP ETF approval odds.

Meanwhile, XRP was largely priced in. The altcoin remains nearly 10% up in the past week, but still struggling to breach $2.50.

xrp price chart
XRP Weekly Price Chart. Source: BeInCrypto

Over the past week, the XRP community has expressed some concerns regarding the extremely low DEX trading volume on the network. Yet, Ripple’s new progress with the SEC may create plenty of opportunities to foster bullish sentiment in the long-term.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

Top 3 PumpFun Meme Coins to Watch Before March Ends

Published

on


Pump.Fun meme coins are heating up at the end of March, with FARTCOIN, Alchemist AI (ALCH), and DOGEAI drawing strong attention. FARTCOIN leads the pack with a $574 million market cap, while ALCH rides a 43% weekly surge tied to its no-code AI platform.

DOGEAI is gaining traction by combining meme culture, AI hype, and political buzz around Elon Musk’s Department of Government Efficiency. With PumpSwap launching and “Liberation Day” approaching, these three tokens are worth watching for potential breakouts – or sharp reversals.

FARTCOIN

FARTCOIN is the biggest meme coin ever launched on PumpFun, currently holding a market cap of $574 million. While it’s down 13% in the past 24 hours, it’s still up more than 110% over the last seven days, showing strong momentum despite short-term volatility.

FARTCOIN Price Analysis.
FARTCOIN Price Analysis. Source: TradingView.

With PumpFun gaining attention through the launch of PumpSwap, meme coins tied to its ecosystem could see another wave of demand. As the largest PumpFun meme coin, FARTCOIN is well-positioned to benefit from increased exposure and potential new capital flowing into the platform.

If an uptrend returns, FARTCOIN could climb to $0.72 and $0.90, with $1.29 as a higher target. But if the correction continues, key support lies at $0.40—losing that level could push it further down to $0.30 or even $0.209.

Alchemist AI (ALCH)

Alchemist AI is a no-code development platform that allows users to build applications using natural language and simple prompts.

Its native token, ALCH, runs on the Solana blockchain and has gained significant attention lately. Over the past week, ALCH has surged more than 43%, pushing its market cap to nearly $82 million.

ALCH Price Analysis.
ALCH Price Analysis. Source: TradingView.

If the current momentum holds, ALCH could soon test resistance at $0.11. A breakout above that level may open the door for a move toward $0.18.

On the downside, if sentiment weakens, ALCH risks falling below its key support at $0.073. Losing that level could lead to a deeper correction toward $0.040, with the potential for a drop to $0.019 if the sell-off intensifies.

DOGEai (DOGEAI)

DOGEAI positions itself at the intersection of multiple hot narratives—meme culture through Dogecoin, the rising attention around the Department of Government Efficiency (DOGE) led by Elon Musk, and the booming artificial intelligence sector.

The project brands itself as an autonomous AI agent focused on spotting waste in government spending and policy decisions, tapping into both tech enthusiasm and political commentary.

$DOGEAI Price Analysis.
$DOGEAI Price Analysis. Source: TradingView.

Over the past week, DOGEAI has climbed nearly 10%. The token is currently holding support around $0.026, but if that level breaks, it could slide down to $0.015.

On the flip side, continued hype—especially as Trump’s “Liberation Day” approaches—could push DOGEAI to test resistance at $0.033. A breakout above that could open the path toward $0.049 and even $0.076 if strong momentum kicks in.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

Ethereum Price Stalls as Traders Await Clear Market Direction

Published

on


Ethereum (ETH) is up nearly 9% over the past seven days, showing signs of strength, yet the price continues to struggle around the $2,000 mark. Despite this upward movement, key indicators suggest the market is still lacking decisive momentum.

From trend strength to whale activity and support/resistance levels, several metrics point to a market caught in consolidation. Whether Ethereum breaks out or breaks down from here may depend on how it reacts to both technical levels and shifting investor behavior in the days ahead.

Ethereum BBTrend Is Positive

Ethereum’s BBTrend is currently sitting at 3.23 and has remained in positive territory for the past three consecutive days. The indicator recently peaked at 3.93 on March 22, signaling a strengthening trend over the short term.

This sustained positive reading suggests that Ethereum may be gaining momentum again, though not aggressively.

Notably, the last time BBTrend reached above 5—a level typically associated with strong trending conditions—was on February 26, nearly a month ago. Since then, the indicator has shown moderate strength but has yet to break into the high-momentum zone again.

ETH BBTrend.
ETH BBTrend. Source: TradingView.

BBTrend, short for Bollinger Band Trend, is a technical indicator used to measure the strength of price trends. It quantifies how far the price deviates from its mean, typically using Bollinger Bands as a baseline.

Values below 0.5 often signal a lack of trend or choppy conditions, while readings above 1.0 indicate growing trend strength. A value above 3 is considered a sign of a solid trend, and anything over 5 typically points to a strong directional move, either bullish or bearish.

Ethereum’s BBTrend hovering at 3.23 suggests some directional conviction, but the absence of readings above 5 in the past month may imply that while ETH is trending, it’s not yet in a breakout or high-momentum phase.

Whales Are Reaching A Month-Low

The number of Ethereum whales—wallets holding between 1,000 and 10,000 ETH—has dropped to 5,329, down from 5,344 just three days ago.

This slight but notable decline suggests a gradual reduction in large-holder confidence or positioning. What’s particularly important is that this is the lowest whale count observed since February 25, marking a one-month low.

While the change may appear small, even marginal movements in whale behavior can ripple through the broader market, especially when Ethereum’s trend indicators are showing only moderate strength.

Ethereum Whales.
Ethereum Whales. Source: Santiment.

Tracking Ethereum whale wallets is crucial because these large holders have the power to influence price through significant buying or selling activity.

Whales often act as smart money, and changes in their accumulation or distribution patterns can serve as early signals of broader market shifts. A declining whale count may imply that some high-capacity investors are taking profits, repositioning, or adopting a more cautious stance.

The fact that the number of whale wallets is now at a monthly low could suggest increasing hesitation at higher price levels, potentially capping upside momentum for ETH in the near term unless new inflows or investor confidence returns.

Will Ethereum Fall Below $2,000 Again?

Ethereum’s EMA lines currently suggest a phase of consolidation, with price action continuing to struggle around the $2,000 mark. The lack of clear direction reflects indecision in the market, as ETH trades within a narrowing range.

On the downside, if Ethereum price tests the key support level at $1,938 and fails to hold it, the next lower targets lie at $1,867 and potentially as far as $1,759.

ETH Price Analysis.
ETH Price Analysis. Source: TradingView.

On the flip side, if Ethereum manages to gather bullish momentum and build a sustained uptrend, the first major resistance to watch is at $2,320.

A successful breakout above this level could trigger a run toward $2,546 and, if the momentum accelerates, even reach as high as $2,855.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io