XRP has its sights on recovering its losses over the last week, with investors’ enthusiasm reaching a fervent pitch. Amid the belief for a near-term correction, cryptocurrency exchange BitMEX has ignited a further wave of optimism for a higher XRP price. XRP Price Targets Correction As BitMEX Teases Major Announcement After a string of languid price performance over the last week, XRP is ready to reclaim previous losses, buoyed by a raft of positives. With its upcoming market-moving announcement, the biggest tailwind behind the XRP price impending correction is cryptocurrency exchange BitMEX. In an X post, BitMEX teased a Ripple announcement expected to have far-reaching effects on the cryptocurrency markets. Details of the announcement are still under wraps, but investors are bracing for the impact of the big reveal on XRP price. “Keep your eyes peeled,” said BitMEX on X, tagging Ripple to the post. “We have some news that’s… Read More at Coingape.com
The U.S. Securities and Exchange Commission (SEC) has officially halted its legal proceedings against Ripple, marking a major turning point in a legal battle that began in December 2020. While the move sets the stage for a potential settlement, XRP’s journey to recovery is far from over.
The SEC’s lawsuit against Ripple nearly five years ago led to XRP being delisted from major U.S. exchanges, causing a 66.5% drop in December 2020—its largest monthly loss ever. This move not only impacted liquidity but also disrupted its momentum and trust among institutional players.
From 2021 to 2023, XRP’s price largely stagnated between $0.30 and $0.50. Although it saw some gains—276.2% in 2021 and 82.5% in 2023—those figures paled in comparison to competitors like Solana. SOL skyrocketed by 11,180% in 2021, dropped in 2022, and then rebounded 918.4% in 2023.
XRP’s lack of participation in major bull runs has been widely attributed to the uncertainty created by its ongoing legal battle.
More Than Just Price Damage
Beyond market performance, the lawsuit severely tarnished XRP’s reputation. Analysts argue that the multi-year litigation cost Ripple valuable time that could have been spent on innovation and expanding its presence in the global payments sector.
According to All Things XRP, institutional confidence eroded during this period, and Solana and other rivals capitalized on XRP’s absence from key markets.
What Lies Ahead for XRP?
Even after the SEC dropped its charges, XRP hasn’t shown strong bullish momentum. Over the last seven days, XRP rose only 0.6%, and in the past 24 hours, it dropped by 1.1%.
However, there are signs of strategic rebuilding. Ripple is reportedly working on new ETF applications, the launch of its stablecoin RLUSD, and forging fresh partnerships.
Despite past setbacks, analysts remain cautiously optimistic. If Ripple can rebuild trust and accelerate innovation, XRP may yet reclaim its role as a key player in cross-border payments.
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The U.S. Securities and Exchange Commission (SEC) has officially halted its legal proceedings against Ripple, marking a major turning point in a legal battle that began in December 2020. While the move sets the stage for a potential settlement, XRP’s journey to recovery is far from over. In the last 14 days, XRP has seen …
The struggling Ethereum price has one key catalyst that may propel it to rocket above the psychological barrier of $2000 and beyond. This catalyst is that the Securities and Exchange Commission (SEC) may soon allow staking in spot ETH ETFs, a move that may attract more inflows from Wall Street investors. This article explores whether ETH price will hit $2k if this approval happens tomorrow.
Ethereum Price May Hit $2000 if SEC Approves ETH ETF Staking
The SEC, under Gary Gensler, approved several spot ETH ETFs in September last year. These funds have not been as successful as initially expected. Data shows that these funds have only attracted $2.47 billion in assets, bringing the total assets to $6.2 billion.
In contrast, Bitcoin ETFs have attracted over $38 billion in inflows, with BlackRock’s IBIT having $58 billion in assets. Granted, these ETFs are over 8 months older than Ethereum ones, but this trends shows that they may never catch up. This sluggish growth explains why the Ethereum price continues to underperform.
One reason for the underperformance is that Gensler rejected Ethereum ETFs with staking features. This means that ETF holders only make price-related returns. In contrast, Ethereum investors earn an annual return of at least 3%, which is higher than that of many dividend-focused ETFs.
This could change soon under Paul Atkins. The SEC met with Grayscale recently and discussed allowing this staking. Such a move would likely result in increased inflows, leading to a higher ETH price, potentially to $2,000 and above. Indeed, data show that spot Ethereum ETFs have experienced inflows over the last three days. CBOE has already applied for staking in Fidelity’s ETH ETF.
ETH Price Technical Analysis: Could Hit $2,000 and Above
The daily chart reveals that Ethereum price rose from the year-to-date low of $1,376 to the current $1,822. This rebound was notable as the coin jumped above the upper line of the falling wedge chart pattern. A wedge often leads to more gains, especially when the two trendlines are about to converge.
ETH price has jumped above the 25-day Exponential Moving Average, another positive signal. The Relative Strength Index has jumped above the neutral point at 50, and is pointing upwards.
These technicals suggest that the value of ETH will continue to rise as buyers target the crucial level at $2,000. This rebound will be confirmed once it moves from the current consolidation phase. A clear breakout to $2,000 will bring the next ETH price target to $2,140, the lowest level in August last year.
Ethereum price chart
However, a bearish ETH price forecast can be made. Indeed, a Polymarket poll shows that many traders are betting that it will drop to $1,000. Also, the Average Directional Index indicator has tilted downwards, signaling a potential downside.
While investors are bracing themselves for a Pi Network Price pump, one expert has predicted a start date for the rally. Cryptocurrency analyst Dr Altcoin says Pi Coin price will spike during the upcoming Consensus Summit, with Pi Network founder billed to deliver a keynote address.
Pi Network Price Eyes Massive Rally In May
According to an X post, cryptocurrency analyst Dr Altcoin is forecasting the start of a Pi Coin rally in mid-May. Dr Altcoin notes that investors can expect the start date of the Pi Network price during the Consensus Summit scheduled for May.
Dr Altcoin’s predictions differ from previous projections that tip the start of a Pi Coin rally toward late August. Investors previously hinged their hope for a price rally after the end of the Pi unlocking event, set to release 212 million Pi Coins.
However, Dr Altcoin is predicting the rally to begin much earlier in May, triggered by the momentum around the Consensus event. Dr Altcoin has previously revealed why Consensus 2025 will be pivotal for the Pi Network, given the sheer volume and calibre of attendees.
“I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14-16, 2025) rather than at the end of August when Pi unlocking significantly reduces,” said Dr Altcoin.
Several Factors May Delay The Start Date Of The Price Rally
Dr Altcoin’s prediction for the launch of the Pi Network price rally in May faces a raft of challenges. Right out of the bat, the Pi Core Team (PCT) is racing against the clock to approve KYB applications before the start of Consensus 2025.
Furthermore, Dr Altcoin says the launch of decentralized applications (DApps) on the network before Consensus 2025 will support a price rally. While the PCT achieves the milestones before Consensus 2025, other external factors are angling to adversely affect Pi Network prices.
Dr Altcoin has raised alarm over shady activity on Banxa that may trigger artificial volatility for Pi Coin Price. Keen on playing its part to stabilize prices, the PCT has begun purchasing Pi Coins on centralized exchanges, mopping up over 48 million coins.
Currently, Pi Network trades at the $0.6 mark, holding the price level for over a week as investors scan the charts for signals of a seismic rally.
Furthermore, Dr Altcoin is hinging his resolve for a rally on seven Pi Network pros, including accessibility and sustainability perks. The cryptocurrency expert name-checks its security features, low gas fees, and regulatory compliance.
