Lưu trữ cho từ khóa: Price Analysis

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Ethereum price teeters on the edge: will the spot ETH ETF approval trigger a massive rally?

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Will the spot Ether ETF approval finally break Ethereum’s price stagnation and trigger a significant rally? Insights and analysis.

Ethereum (ETH) price predictions are buzzing with speculation, fueled by the possibility of a spot Ethereum exchange-traded fund (ETF) going live next month. 

Amid the current volatility in the crypto market, ETH has experienced a cooling effect, declining by over 4% in the last week and trading at around ,500 as of June 17. 

ETH one-month price chart | Source: CoinMarketcap

This dip in Ethereum’s price mirrors a broader trend where Bitcoin (BTC) and other altcoins have struggled to maintain bullish momentum, resulting in recent retracements. 

Interestingly, while BTC has declined by over 2% in the past 30 days, currently trading between -66k levels, ETH has managed to gain over 12% in the same period.

ETH vs BTC one-month price chart | Source: CoinMarketCap

On May 23rd, the SEC approved eight 19b-4 filings to list spot Ether ETFs on various U.S. exchanges. However, trading cannot commence until the required S-1 registration statement approvals are in place, which has provided bullish momentum to ETH’s price. 

In a recent update, Bloomberg ETF analyst Eric Balchunas mentioned that spot Ether ETFs could potentially begin trading as early as July 2nd. 

Balchunas shared on X (formerly Twitter) that the U.S. Securities and Exchange Commission (SEC) staff comments on the spot Ether ETF applicants’ S-1 applications were “pretty light, nothing major,” and they were asked to resubmit within the week. 

Balchunas suggested that, while anything is possible, this timeline seems plausible based on current information. 

However, on June 13, SEC Chair Gary Gensler provided a broader timeframe, indicating that spot Ether ETFs might start trading by the end of September, depending on how swiftly issuers can address SEC comments.

Amid these mixed reactions, what is happening with ETH price, and what does market sentiment suggest about Ethereum price predictions? Let’s find out.

Whale activity and TVL data

As the possibility of a spot Ether ETF draws closer, whales are making moves that could heavily influence current price action. 

In a tweet on June 16, ali_charts reported that Ethereum whales have purchased over 700,000 ETH in the past three weeks, totaling approximately .45 billion. 

Another tweet from a crypto analyst noted that the number of Ethereum addresses holding more than 10,000 ETH has increased by over 3% in the last four weeks. 

To put this into perspective, data from Dune Analytics shows that the top 1,000 ETH holders control 38.93% of the total ETH supply. Among them, the top 100 holders alone possess 21.34%, while the top 500 holders command 33.86%.

Amid this whale activity, Ethereum’s Total Value Locked (TVL) remains strong, commanding over 61% of the total TVL share in the crypto market. As of June 17, Ethereum’s TVL stands at .186 billion, more than double the billion at the start of the year. 

ETH TVL data | Source: DeFi LIama

Leading the charge is Lido, ETH’s liquid staking platform, which has seen a 14% increase in TVL over the past month, reaching .64 billion. 

Following closely is the ETH restaking platform Eigenlayer, with a massive 25% increase in its TVL, now over billion.

The implications of these whale movements and the strong TVL figures are profound. If the spot Ether ETF is approved, it could attract even more retail and institutional investment, driving prices and TVL levels higher. 

Meanwhile, the whales’ recent accumulation suggests they are positioning themselves for this potential surge, betting on the possibility that spot ETH ETFs will go live soon.

What do the experts think?

Michaël van de Poppe, a well-respected analyst, mentioned the potential launch of spot Ethereum ETF as a major market event. 

He notes that the approval of the 19b-4 files led to a substantial rally in ETH prices, with a single-day surge exceeding 20%, pushing ETH to ,800. However, this initial excitement was tempered by a subsequent 10% price decline as the market awaits the approval of the S-1 files. 

Van de Poppe suggests that this period of uncertainty might be a classic “Sell the Rumor, Buy the News” scenario, with the ETF approval potentially signaling a broader acceptance of Ethereum as a commodity, thereby benefiting the entire ecosystem.

In a similar vein, EmperorBTC provides a swing trader’s perspective, hinting at the bullish implications of the ETH ETF announcement for the entire crypto market. 

He suggests that the ETF will provide a new use case for Ethereum, which could lead to a significant influx of capital into not only ETH but also other altcoins. 

His perspective aligns with the idea that the recent price retrace was necessary to shake out impatient investors, setting the stage for a strong accumulation phase and subsequent price surge, potentially mirroring the 2020 Bitcoin halving event.

Another analyst drew parallels between the expected ETH ETF and the earlier Bitcoin ETF approvals. 

The launch of Bitcoin ETFs initially led to a short-term price dip, largely due to the “sell the news” phenomenon and the impact of Grayscale’s GBTC selling. 

However, in the long term, BTC ETFs have been a net positive for Bitcoin prices. The analyst believes that while there might be a similar initial dip for ETH due to market shock and the Grayscale ETHE product, the long-term outlook remains bullish. 

This is partly because the ETHE discount has already narrowed, reducing the potential for significant sell-offs once the ETFs go live.

ETH price prediction: long-term view

According to a crypto analyst, based on technical analysis, ETH is currently trading within a bull flag or parallel channel. 

A breakout above the ,000 resistance could trigger a strong bullish move, potentially pushing prices towards the ,000-,000 range. Conversely, if ETH breaks down below the support level at ,650, a decline towards ,152 could occur.

When it comes to Ethereum price prediction based on algorithmic forecasting websites, there are varied perspectives on where ETH might be headed in the coming years. 

According to Priceprediction.net, Ethereum price prediction for 2024 suggests ETH could reach around ,947. On the other hand, Digitalcoinprice is more optimistic, predicting a higher price of ,365 for the same year.

Looking ahead to mid-decade, Ethereum price predictions for 2025 also show variation. Priceprediction.net anticipates ETH could rise to ,847, while Digitalcoinprice forecasts a potentially higher figure of ,971 by 2025.

The long-term Ethereum price prediction for 2030 diverges significantly. Priceprediction.net projects a staggering ,089, whereas Digitalcoinprice offers a more conservative estimate of ,786 for 2030.

Algorithmic forecasts provide useful insights but are inherently speculative and subject to various market factors. You should be aware of the risks and uncertainties involved. 

Remember, never invest more than you can afford to lose. The crypto market is highly volatile, and prices can fluctuate dramatically. 

It’s crucial to do your own research, stay informed, and make decisions based on your risk tolerance and investment goals.

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Theo Crypto News

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Mantra (OM) price forecast: on the cusp of a bearish breakout

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The price of Mantra (OM) has suffered a harsh reversal this week, joining other altcoins like Ethereum, Solana, and Cardano.

OM slumped to a low of .8160 on Friday, down by over 25% from its highest point this week.

Added to a new RWA fund

Mantra’s OM token plunged even after some good ecosystem news. In a statement, the developers said the token had just been added to Swissborg’s Real World Asset (RWA) thematic basket.

The basket includes other tokens in the RWA industry, such as Synthetix Network, VeChain, Chainlink, Maker, and Polymesh Network. 

This is notable because Swissborg is one of the biggest players in the crypto industry, with almost 800,000 users and over .26 billion in assets. Its token has a market cap of over 7 million in assets.

Meanwhile, Mantra’s assets have jumped sharply in the past few weeks. It now has over .3 million in assets, higher than the million it started the year at. It also recently expanded to the UAE.

Mantra TVL

With a market cap of over 0 million, Mantra is one of the biggest players in the tokenization industry. Its platform enables the seamless fractionalization and tokenization of real-world assets (RWA), an industry expected to grow to over trillion in the next few years.

Mantra price forecast

Mantra’s OM token peaked at .0960 earlier this month and has now crashed by over 25% as the altcoin sell-off intensified. It has dropped below the important support level at , its highest swing on June 5.

The token has also moved below the 50-day and 100-day moving averages, a sign that bears are taking control. It was trading at .8095 but has failed to move below that level since June 3. This level is also important because it was the highest swing in April and May.

Therefore, a drop below that level will point to more downside since it will signify that bears have prevailed. If this happens, it could drop to .7620.

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Theo Crypto News

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SOL and DOGE are bearish but there’s “good news”: Analyst

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Solana (SOL) and Dogecoin (DOGE) are struggling with bearish pressure as the broader crypto market mirrors Bitcoin’s price decline.

As Bitcoin (BTC) hovers near the ,000 threshold, Solana price is flirting with a key level while Dogecoin is trading lower inline with the broader altcoin sector.

Solana price today

After dipping nearly 9% in the past 24 hours, Solana price is below 0. The tumble to lows of 5 for the 5th-ranked altcoin by market cap has an analyst saying that SOL price is at a “make or break” zone.

Solana’s daily trading volume has increased 113% in the last 24 hours as the crypto crash handed initiative to the bears. The coin’s market cap was down 8% to .6 billion at the time of writing.

Dogecoin price today

Dogecoin, the original dog-themed memecoin, is also similarly poised as price revisited support levels below .14. Trading data shows DOGE reached lows of .134 amid a 6% decline.

According to CoinMarketCap, DOGE has a 24-hour trading volume of .26 billion, up 78%, while market cap has shrunk more than 5% to .9 billion.

SOL and DOGE price: analyst shares outlook

While the increase in volume signals increased network activity, the notable price declines indicate the potential for bears to seize control short term.

Crypto analyst CrediBULL Crypto says:

“$SOL, like $DOGE is also at the make it or break it level I outlined a couple weeks ago. This is the last thing stopping us from a meltdown to the range lows at 5.”

The last time Solana traded at these levels was in February when it broke from below the 0 level. A retest towards the end of the month allowed bulls to above 0 in March.

CrediBULL Crypto believes SOL dipping to the buffer zone formed earlier this year is the most likely scenario before a relief materializes.

Despite the bearish perspective in the short term, the analyst sees SOL and DOGE bouncing amid a bullish flip for BTC. He shared on X:

“The good news is that both $SOL and $DOGE have hit their respective “make it or break it” levels at the same time that $BTC has hit our range lows- the confluence is nice to see and if $BTC reverses here DOGE and SOL will too.”

Bitcoin price also slips

Earlier in the day, crypto analyst Willy Woo noted that Bitcoin price is likely to dump to lows of .5k before a reversal likely pushes it to a new high.

“Liquidations have started… if the next cluster of long liquidations provide more fuel to downward momentum, we could go down to 62.5k to purge them all,” Woo said.

As highlighted, Bitcoin price slipped to lows of k on Tuesday as the market awaits Fed Chair Jerome Powell’s speech.

Powell will speak after the two-day FOMC meeting on Wednesday.

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The $800,000 Bitcoin price prediction: clues point to a massive upsurge

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Could Bitcoin’s price hit 0,000 soon? Uncover the hidden clues and expert forecasts predicting a massive upsurge.

Bitcoin (BTC) once again made headlines last week as it crossed the ,000 mark due to a surge in buying pressure. 

On June 7, BTC reached a high of ,907, just shy of the elusive ,000 mark. This price level has proven to be a strong resistance point, as shown by a similar peak of ,900 on May 21.

Despite these impressive gains, BTC has struggled to maintain its momentum, trading at ,400 as of June 10, marking a 6% decline from its all-time high of ,750, achieved on March 14.

What’s driving these fluctuations? According to a CoinShares report, crypto investment products saw nearly billion in inflows last week, extending a five-week run to over .3 billion. 

This surge in investment activity is reflected in the trading volumes of exchange-traded products (ETPs), which rose to .8 billion for the week, up 55% from the previous week. Notably, Bitcoin led this investment frenzy, with inflows of over .97 billion.

The regional data is equally telling. The U.S. dominated the inflow scene with .98 billion last week. Remarkably, the first day of the week recorded the third-largest daily inflow on record. 

Meanwhile, short-Bitcoin products experienced outflows for the third consecutive week, totaling .3 million.

The substantial inflows and rising trading volumes suggest strong investor interest and confidence in Bitcoin’s potential. However, the resistance at the ,000 mark indicates that the market is still testing the waters.

Where is Bitcoin headed next? Will it finally surpass the ,000 resistance, or will we see more of the same volatility? Let’s delve deeper into this analysis and see what Bitcoin price predictions say.

Factors affecting Bitcoin price prediction

Macroeconomic triggers

External triggers, particularly from U.S. macroeconomic data, have shown they can flip Bitcoin’s path in an instant. 

Hence, this week is crucial, with two key events dominating the scene: the Federal Reserve’s interest rate decision and the release of the May Consumer Price Index (CPI).

Why are these events such big deals? Well, the CPI release and the Federal Open Market Committee (FOMC) meeting are both scheduled for the same day. This creates what traders call a “double whammy” for market volatility.

Last week gave us a taste of how jittery the market can be. U.S. employment data came in much stronger than expected, and Bitcoin’s price dropped nearly 2% almost immediately. 

Popular trader CrypNuevo outlined two possible scenarios for Bitcoin’s reaction to the upcoming data. 

In Scenario 1, Bitcoin might recover from last week’s drop at the start of this week, consolidate until the FOMC announcement, and finally adjust based on what the Fed says. 

In Scenario 2, the FOMC might directly counteract last week’s drop, with Bitcoin simply consolidating and sweeping lows until then.

Despite the buzz, market expectations for Fed policy changes have remained consistent. 

According to CME Group’s FedWatch Tool, it’s widely believed that the FOMC won’t cut rates this month. It might take several more meetings before the Fed follows other central banks in cutting rates.

June 13 is another day to mark on your calendar. The U.S. will release the Producer Price Index (PPI) along with weekly jobless claims. 

As CrypNuevo pointed out, economic data often causes immediate market reactions, but these moves tend to get retraced later on, just like we saw with last week’s employment data.

Ricardo Salinas Pliego’s endorsement

Ricardo Salinas Pliego, a Mexican entrepreneur with a fortune worth over billion and owner of Salinas Group, has long been a vocal supporter of Bitcoin. 

Recently, he advised his followers on X to buy Bitcoin and capitalize on its appreciating value. 

His advice comes at a time when the Nigerian currency has become the worst-performing against the U.S. dollar, prompting government measures to stabilize it, including crackdowns on crypto operators.

Salinas Pliego’s endorsement is not new. Back in 2021, he declared his allegiance to Bitcoin, describing it as “gold for the modern world” and advocating its “extraordinary properties.” 

He even mentioned working towards making Banco Azteca, his bank, the first institution in Mexico to accept Bitcoin. 

Moreover, in 2022, he hinted that Elektra Group, a chain of department stores under Salinas Group, might start selling Bitcoin merchandise.

Spot BTC ETFs absorbing new supply 

Another key factor currently shaping Bitcoin’s price is the surge in demand driven by spot BTC ETFs in the U.S.

According to data from HODL15Capital, in the first week of June, these ETFs acquired 25,729 BTC, equivalent to about two months’ worth of newly mined Bitcoin. 

This purchase volume, totaling approximately .83 billion, is nearly eight times the 3,150 BTC mined during the same period.

The substantial inflows into Bitcoin ETFs, which have amassed .69 billion in net inflows since their January launch, suggest the strong demand and growing institutional interest in Bitcoin. 

Remarkably, Bitcoin ETF assets under management (AUM) have already reached about 60% of the AUM of gold ETFs, despite Bitcoin ETFs being in existence for only five months compared to gold ETFs’ two decades. 

Something big is cooking up

Amid this recent bull market, the current buzz is all about the massive billion worth of Bitcoin shorts up to ,000, as highlighted by Oliver L. Velez in his recent X thread. 

Other analysts on X have also shared the same opinion, and are expecting a big move.

According to Oliver, Wall Street firms are diving into the Bitcoin market with large short positions, but this isn’t necessarily a bearish move. Instead, it’s a strategic play involving hedging and capturing premium spreads by selling Bitcoin futures while buying spot Bitcoin.

So, what does this mean for the market? To understand, let’s break down the mechanics. 

When institutional investors short Bitcoin, they sell futures contracts, betting that the price will drop. However, they simultaneously buy spot Bitcoin, hedging their risk. 

This dual strategy allows them to profit from the price difference between the futures and the spot market. But here’s where it gets interesting: Oliver predicts that these strategies might lead to the bankruptcy of some major Wall Street firms. 

Why? Bitcoin doesn’t conform to traditional market rules, such as upper and lower circuits. In traditional stock markets, upper and lower circuits are mechanisms that halt trading if a stock’s price moves beyond a certain percentage in a day, preventing extreme volatility. 

However, Bitcoin lacks these controls, allowing for unrestricted price movements. The high leverage often used in Bitcoin trading means that even slight market fluctuations can result in substantial losses.

If Bitcoin’s price surges instead of dropping, these firms will face enormous losses, potentially leading to a short squeeze—a situation where short sellers are forced to buy back Bitcoin at higher prices to cover their positions, driving the price even higher.

Historically, short squeezes have led to dramatic price increases. For example, in early 2021, GameStop’s short squeeze saw its stock price skyrocket from to over 0 within weeks. A similar scenario in the Bitcoin market could send prices soaring, creating wild volatility.

The bottom line is that while Wall Street firms are engaging in sophisticated trading strategies, Bitcoin’s unique nature makes it a risky game. The potential for massive gains exists, but so does the risk of catastrophic losses. 

What to expect next and Bitcoin price prediction

As we look ahead, the buzz around Bitcoin isn’t just about its current state but where it’s headed. 

With Bitcoin consolidating between crucial levels, a breakout at .7K could be massive, as suggested by Michaël van de Poppe, a prominent crypto analyst. However, it’s standard to be conservative during CPI week, as macroeconomic factors play a key role in price movements.

Meanwhile, according to Ali, another known analyst, short-term holders are enjoying a profit margin of 3.35%, indicating minimal risk of a significant sell-off and hinting that Bitcoin might be gearing up for a substantial move. 

Another analyst suggests that historically, Bitcoin has exhibited similar patterns to those observed between 2018 – 2021 and even 2014 – 2017, suggesting a BTC price prediction of ,000 in the short term.

Other Bitcoin price predictions suggest that Bitcoin could outperform any other asset in the next 12-18 months, with a conservative target of 0-180K in the worst-case scenario. 

When we extend our horizon to the long term, the Bitcoin crypto predictions become even more fascinating. PlanB’s Stock-to-Flow (S2F) model, a widely followed forecasting tool, provides a bullish scenario for Bitcoin over the next few years. 

According to this model, Bitcoin’s price prediction for 2024 is 0,000, with a potential Bitcoin price prediction for 2025 at 0,000. The model suggests a more moderate correction in subsequent years, with Bitcoin stabilizing around 0,000 by 2026-2028.

In the short term, it’s essential to watch for a breakout above .7K, which could signal a key upward move. Hence, you should remain informed and cautious and keep in mind that these predictions and forecasts often go wrong.

As always, thorough research and a balanced approach are crucial. While the future of Bitcoin looks promising, the journey will likely be filled with ups and downs. Stay informed and never invest more than you can afford to lose.

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Theo Crypto News

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Ripple price prediction: the potential for a 4,000% gain – fact or fantasy?

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With Bitcoin and Ethereum surging, what does the Ripple price prediction indicate about XRP’s ability to catch up with these market leaders?

Ripple (XRP) has been in the spotlight for quite some time, but not necessarily for the reasons its fans would hope. Since the start of the year, XRP has traded flat, showing disappointing performance. 

While Bitcoin (BTC) and Ethereum (ETH) have surged by 69% year to date (YTD), and other altcoins have gained more than 100%, Ripple’s value has declined by nearly 15%, currently sitting at .53.

XRP 1-year price chart | Source: CoinMarketCap

Despite this lackluster performance, Ripple has made notable strides in its business operations. 

Recently, Ripple announced a new partnership with Clear Junction to facilitate instant and secure GBP and EUR-denominated payouts for Ripple’s payment customers. 

The partnership expands Ripple’s reach and capabilities in the financial world. Ripple’s official website also hinted at more customer additions by the end of the year through this partnership, which could potentially enhance its market position.

Adding to this momentum, Ripple CEO Brad Garlinghouse recently appeared on Fox Business, advocating for the approval of multiple altcoin exchange-traded funds (ETFs). 

He argued that just as investors diversify their portfolios with commodities like gold and silver, they should also have the option to diversify with various crypto assets. 

Garlinghouse, recalling the days when XRP was the second-largest digital asset by market capitalization, confidently stated that the approval of an XRP ETF was “inevitable.”

Despite these promising developments, the looming legal battle with the U.S. Securities and Exchange Commission (SEC) continues to cast a shadow over XRP. 

With all eyes on the upcoming court decision, the big question remains: where is XRP headed next? Will the legal clarity bring a much-needed boost to its price, or will the uncertainties continue to weigh it down? 

Let’s delve deeper and understand Ripple’s price prediction in light of these developments.

The ongoing saga of Ripple vs the SEC

The legal saga between Ripple and the SEC has been a rollercoaster of twists and turns, each development sparking waves of speculation in the crypto world. 

This high-stakes battle began in December 2020 when the SEC accused Ripple of raising over .3 billion through an unregistered securities offering by selling XRP.

The Ripple vs. SEC case took a dramatic turn in July 2023 when U.S. District Judge Analisa Torres delivered a landmark ruling. She determined that Ripple’s sales of XRP to institutional investors qualified as securities under federal law, but sales to the general public did not. 

Judge Torres applied the Howey Test, a legal standard from a 1946 Supreme Court case, to make her decision. She found that institutional investors understood Ripple’s pitch as a speculative investment, fitting the criteria of an investment contract. 

However, she ruled that programmatic sales to retail investors on exchanges did not meet this standard because those buyers were unaware of Ripple’s statements about XRP’s potential profits. 

The decision from Judge Torres was hailed as a major win for the crypto industry, as it potentially limits the SEC’s jurisdiction over cryptos traded on public exchanges.

Recently, the case has heated up again. Ripple filed a reply letter supporting its motion to seal data related to the SEC’s motion for judgment and remedies. 

Initially, Ripple wanted to seal and redact certain evidence and financial documents, but the SEC opposed this move. 

The SEC argued that this financial and securities sales information was crucial, as it constituted “judicial documents” central to the arguments about remedies and could influence the court’s decision. 

Ripple, however, contends that these historical contracts are irrelevant because they have amended their XRP sales procedures. The company highlighted that it no longer sells XRP through over-the-counter transactions, which were classified as “institutional sales” by the court. 

Instead, Ripple now sells XRP to customers for use with its on-demand liquidity (ODL) product, which lacks the controversial terms of the previous over-the-counter contracts, such as discounts for sophisticated counterparties.

The final phase of the lawsuit saw both parties submitting necessary documents and briefs to magistrates. The court’s decision could come at any time, adding another layer of suspense to this already dramatic legal battle. 

Judge Netburn, who has been nominated to serve as a federal judge in the U.S. District Court for the Southern District of New York, will handle the latest developments. Her decisions on these motions could shape the future of XRP and set important precedents for the crypto industry.

What’s next for Ripple?

As the legal battle with the SEC continues, Ripple is stepping up its game, not just in the courtroom but also in the market and political arenas. 

One of the most exciting developments is Ripple’s plan to launch a USD-backed stablecoin, which will be fully backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. 

According to Ripple, the stablecoin market is projected to exceed .8 trillion by 2028, up from around 2 billion today. Ripple aims to tap into this growing demand. The stablecoin will initially be available on the XRP Ledger (XRPL) and Ethereum blockchains.

Over time, Ripple also plans to expand to other blockchains and decentralized finance (DeFi) protocols, driving more use cases, liquidity, and opportunities for developers and users within the XRPL community and beyond.

In addition to product innovations, Ripple is also actively engaged in shaping the political arena in the U.S. 

The company recently announced a million contribution to Fairshake, a federal super PAC dedicated to supporting pro-crypto, pro-innovation political candidates in the 2024 elections. 

Ripple’s contribution is in addition to the million it contributed in 2023 and is part of an industry-wide effort to promote policies that support financial innovation in the U.S., aiming to challenge the SEC’s regulatory hiccups and advocate for a more favorable environment for crypto businesses.

As Brad Garlinghouse mentioned, Ripple and the crypto industry cannot remain silent while regulators impede innovation. The upcoming elections are seen as crucial for the future of crypto in the U.S., and Ripple aims to ensure that the right candidates who support crypto are elected.

Ripple price prediction: will Ripple price rise?

Recent analyses suggest that XRP might be on the brink of a massive price surge fueled by technical patterns and legal clarity.

DustyBC, a prominent crypto analyst, shared a chart predicting a potential “God candle” for XRP, which could push its price above . This Ripple coin price prediction represents a staggering 4,000% price gain.

DustyBC’s analysis is rooted in a symmetrical triangle pattern, a technical formation indicating that XRP has been consolidating since 2017, with a breakout possibly on the horizon.

Another crypto enthusiast, Javon Marks, shared an even more optimistic outlook. Marks speculates that XRP could exceed 0 if it follows a full logarithmic growth path.

Marks’s Ripple crypto price prediction is based on Ripple’s historical performance, where XRP witnessed over a 108,000% run during the 2017-2018 bull market. 

He believes a similar, if not more substantial, rally could be on the horizon, pointing to a potential 33,030% increase from current levels.

Another crypto analyst argued that Ripple’s ongoing three-year battle with the SEC is the reason for XRP’s underperformance during the last bull run. 

However, this prolonged consolidation period, combined with its historical ability to surge dramatically (10,000% in 60 days and 61,000% in 280 days in 2017), suggests potential for future gains.

The prolonged consolidation phase, according to technical analysts, often leads to substantial expansion, making XRP a compelling asset to watch, he added.

However, not all Ripple crypto price predictions are this bullish. Wallet Investor’s Ripple price prediction for 2024 forecasts XRP to be at .579 and .478 by 2025. 

On the other hand, DigitalCoinPrice offers a more optimistic Ripple price prediction for 2025, placing XRP at .29. They also predict XRP to reach .88 by 2030, reflecting a long-term bullish outlook for the Ripple price prediction for 2030.

Always keep in mind that these XRP forecasts and Ripple projections are based on current market trends, technical analysis, and analyst opinions. They can, and often do, go wrong. 

Hence, never make these XRP price predictions a basis for your investments, and always conduct your own research. Keep the golden rule of investing in mind: never invest more than you can afford to lose.

FAQs

Is Ripple a good investment?

Ripple could be considered a good investment due to its innovative technology. Many analysts believe that Ripple is the future of digital payments and cross-border transactions. However, it’s important to conduct your own research and consider the risks before investing.

Will Ripple price rise or fall?

Predicting whether Ripple’s expected price will rise or fall depends on various factors, including market trends, legal developments, and overall adoption of the technology. While many experts have a positive Ripple prognosis, it’s essential to stay updated with the latest news and market analysis.

How high can Ripple go?

The potential for how high can Ripple go varies among analysts. Some believe it could see heavy gains, especially if regulatory clarity is achieved and adoption increases. However, exact future prices are uncertain and depend on multiple market factors.

Can Ripple reach 0?

Reaching 0 is ambitious for Ripple but not impossible if strong market adoption and favorable regulatory outcomes occur. Hence, it’s crucial to manage expectations and invest wisely.

How to buy Ripple (XRP)?

To buy Ripple (XRP), you can use popular cryptocurrency exchanges like Binance, Coinbase, or Kraken. Simply create an account, complete the verification process, and deposit funds to purchase XRP. Make sure to use secure platforms and follow best practices for safety.

Should I invest in Ripple?

Whether to invest in Ripple depends on your financial goals and risk tolerance. If you believe in its technology and future prospects, it might be worth considering. However, always diversify your investments and never invest more than you can afford to lose. Conduct thorough research before making any decision

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Bitcoin

Bitcoin could top $150k in Q3 2025, chart veteran Peter Brandt says

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Should past bull markets indicate how things will unfold today, Bitcoin could set its all-time high for the current bull cycle in 2025.

Peter Brandt, a well-known analyst focused on interpreting chart patterns, says Bitcoin is likely to set its maximum for this bull cycle not in 2024, but rather in 2025, should data from the previous bull markets act as a reliable indicator.

Brandt’s analysis hinges on the halvings, events where mining rewards are programmatically reduced by 50% once in four years. In a blog post, the chart veteran notes that historically, these halvings represented “almost perfect symmetry within past bull market cycles.”

“More specifically, the number of weeks from the start of each bull market cycle (the low following a 75%-plus decline) to the halving dates has been almost equal to the number of weeks from the halving dates to the subsequent bull market highs […].”

Peter Brandt

Should the pattern persist, Brandt suggests that Bitcoin could hit its next peak in late August or early September 2025.

In terms of potential price movements, the analyst points out that previous bull market peaks have aligned well with an “inverted parabolic curve.” Should this trend continue, BTC could reach a high between 0,000 and 0,000 in the next bull cycle.

Peter Brandt’s calculations about BTC’s potential price movement | Source: peterlbrandt.com

However, Brandt remains cautious, noting that “as a trader, I avoid being dogmatic about any idea.” While this projection is his preferred analysis, he assigns a 25% probability that Bitcoin may have already peaked for this cycle, when the cryptocurrency set a new all-time high in March by soaring above the ,000 mark.

The analyst notes that if Bitcoin fails to achieve a decisive new high and drops below ,000, he will increase the probability of what he terms an “Exponential Decay” scenario. As of press time, Bitcoin is trading at ,290, as per data from CoinGecko.

Bitcoin has been showing relatively no volatility over the past few weeks, staying within the ,000 to ,000 range. As crypto.news reported earlier, the head of blockchain analytics firm CryptoQuant Ki Young Ju sees the current volatility and on-chain activity resembling the mid-2020 timeframe, when Bitcoin was trading at ,000.

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