Author: Monicah W

XRP price climbed 2.3% on Wednesday, breaking past resistance levels as altcoin ETF speculation triggered renewed institutional buying pressure.

Ripple (XRP) breaks 14-day resistance as Bloomberg’s Chief ETF analyst hints 72 altcoin ETF applications

Ripple’s XRP token climbed 2.3% on Wednesday, crossing the $2.20 level for the first time in two weeks as ETF optimism gripped altcoin markets. The XRP price breakout follows a sustained consolidation below the $2.10 technical resistance zone that had capped gains since early April.

The broader crypto market witnessed moderate gains midweek, buoyed by expectations of a more favorable regulatory outlook following recent changes at the U.S. Securities and Exchange Commission.

Notably, Ripple price outperformed rival altcoins like  BNB and Tron (TRX) on Wednesday. This is attributed to recent comments from Bloomberg’s Chief ETF Analyst Eric Balchunas suggested that the SEC may be nearing decisions on 72 altcoin ETF applications—most notably for XRP, Litecoin (LTC), and Solana (SOL).

Markets now pricing in 30% SOL ETF approval odds 

Betting activity on decentralized prediction market Polymarket indicates that crypto investors have priced in a 32% chance of ETF approval for key altcoins. This reflects a 10% increase following the official swearing-in of Paul Atkins—known for his pro-crypto stance—as the new SEC Chair under the Trump administration.

Atkins’ appointment has heightened expectations that the regulatory body will pivot toward a more friendly stance on altcoin etfs in reviews, especially those with established market depth like XRP.

However, the current market structure also carries risks. With such high expectations, traders should be cautious of potential “sell-the-news” dynamics. Strategic investors may seek to offload positions upon official ETF approval, dumping on retail buyers.

Analyst Oscar Ramos $5 prediction remains in play

Technical analyst Oscar Ramos reaffirmed his long-term bullish outlook on XRP earlier this month, predicting the token could reach $5 by the end of 2025. In a video published on April 9, Ramos outlined an Elliott Wave scenario in which XRP completes a long-term bullish breakout, driven by institutional flows and regulatory clarity.

Since Ramos’ prediction, XRP has surged 33% from $1.72 to $2.25, reinforcing confidence in his medium-term thesis. The rally has coincided with heightened interest from ETF speculators and broader anticipation of increased altcoin legitimacy under the new SEC regime.

Should the ETF verdict fall in XRP’s favor and institutional allocations materialize, Ramos’ $5 target could shift from speculative to structurally plausible. However, any delays or unfavorable rulings would likely delay that timeline, reinforcing the caution as market trends remain volatile.

XRP Price Forecast Today: Resistance Retest Eyes $2.30, But Bull Trap Risks Linger

XRP price continues to trade within a cautiously bullish structure after gaining over 33% in the last two weeks, closing Wednesday at $2.2257. Price action on the daily chart suggests a breakout attempt from a tight consolidation range that held since April 10, with XRP briefly testing the upper Donchian Channel band at $2.3010. This level marks immediate resistance, and a daily close above it could validate bullish continuation toward the $2.50 zone.

The 14-day rally, measured from the recent $1.72 swing low, occurred on increasing volume (2.57B) and signals solid market participation, a key condition for sustainable upward momentum.

The RSI-based oscillator (RSiOMA) shows a strengthening trend, with the green RSI line crossing above its moving average and holding near 49, suggesting buyers remain in control, though not yet in overbought territory.

However, failure to breach the $2.30 resistance could expose XRP to a pullback toward the $1.95 midpoint support.

A decisive rejection here may fuel a short-term correction, particularly if broader market sentiment falters or traders sell the news following ETF verdict speculation. For now, the structure leans bullish with an eye on $2.30 as a make-or-break level.

The post Ripple (XRP) Price Forecast: Oscar Ramos Says XRP to hit $5 as SEC Nears Verdict on 72 Altcoin ETFs appeared first on CoinGape.

The post WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun? appeared first on Coinpedia Fintech News

The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing. The bears failed to drag the levels lower, which suggests the markets could have probably risen despite the bearish influence. As a result, prices of dogwifhat (WIF), FLOKI & Bonk have managed to attract massive gains. Here’s why a memecoin mania appears to be imminent before a potential AltSeason. 

dogwifhat (WIF) Price Aims for 80% Recovery

• The weekly chart of WIF price suggests the memecoin has begun with a recovery after undergoing a correction 

• The price dropped below the neckline of the double-top pattern after facing a rejection, a couple of times from the ATH

• The RSI has triggered a bullish divergence, which suggests the price is in between a strong recovery 

• However, the weekly Gaussian channel has turned bearish which raises concerns over the next price action

• Therefore, the WIF price is required to secure $0.8 before the weekend which may invalidate bearish trajectory and a potential push towards $1

FLOKI Price Could Reach $0.0001 

• The FLOKI price has risen above the bearish captivity as the recent rise has helped the token to break the bearish pattern

• After breaking above the resistance of the descending parallel channel, the FLOKI price maintained a strong upswing and rose above the pivotal range at $0.00006858

• As the volume rises, the CMF also surged above 0 with a steep increase to 0.12, indicating a massive rise in the money flow

• However, the token is yet to validate a breakout that could happen once the price closes and begins the fresh day’s trade above $0.00007

• Once done, the FLOKI price is believed to squash a zero from its’  value and reach the pivotal range at around $0.00011. 

Bonk Price at a Decisive Phase-May Trigger a 25% Rise

• The BONK price has reached the neckline of the double bottom pattern and is experiencing a notable pullback

• The RSI has maintained an incremental approach, which suggests the rising strength of the bulls 

• On the other hand, the Ichimoku cloud has just turned bullish as the price has risen above the cloud, and hence the cloud could act as a strong support

• Hence, if the BONK price sustains within the range, a breakout could push the price towards the resistance just below $0.00002, which is weak, resulting in a pullback

• Therefore, the BONK price is believed to maintain a consolidated ascending trend and rise above the resistance to enter the range between $0.000025 and $0.000026

The post WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun? appeared first on Coinpedia Fintech News
The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing. The bears failed to drag the levels lower, which suggests the markets could have probably risen despite the bearish influence. As a result, prices of dogwifhat (WIF), FLOKI & Bonk have managed to attract massive gains. Here’s why a memecoin …

The post Whales Turn Active After Ethereum’s Strong Recovery: What’s Next for ETH Price? appeared first on Coinpedia Fintech News

Ethereum’s price has jumped after being stuck in a slump for several weeks, helping it in gaining some market dominance after hitting record lows. The crypto market started to bounce back after U.S. Treasury Secretary Scott Bessent reportedly said in a private meeting that the trade tensions between the U.S. and China can’t last much longer. As ETH began to recover strongly, whales started getting more active, which could lead to increased price swings ahead.

Ethereum’s Open Interest Jumps Over 12%

Ethereum has seen a strong upward rally in the past few hours, gaining over 10% in just 24 hours. This sudden spike has also caused a noticeable rise in several on-chain metrics.

According to data from Coinglass, around $127 million worth of Ethereum positions were liquidated in the last 24 hours. Of that, buyers lost about $34.2 million, while sellers were hit harder, closing out $92.8 million in short positions.

This price surge followed comments from former President Trump, who said U.S. tariffs on Chinese goods “will come down substantially,” and Treasury Secretary Scott Bessent, who described the ongoing U.S.-China trade dispute as “unsustainable”, both hinting that a resolution might be coming soon.

The bullish momentum has also influenced Ethereum’s derivatives market. Open interest (the total value of outstanding derivative contracts) jumped by 12%, reaching over $21.5 billion. It signals rising investor interest and adds hope to the recovery rally.

Also read: ETH Breaks $1,800: Why Ethereum Price is Up Today?

In addition, funding rates for ETH perpetual futures have turned positive, rising from 0.0018% on April 21 to 0.0087%, which suggests that traders are more willing to bet on price increases.

Ethereum’s market dominance has also gone up. On April 22, it dropped to just 7%, the lowest level since September 2019, according to TradingView. But after the recent price jump, its market share bounced back and climbed above 7.5% by April 23. Additionally, the large transaction volume jumped by almost 400%, touching 4.64 million ETH.

Altogether, the rising open interest and positive funding rates show that more money is flowing into the market, increasing buying pressure and possibly holding prices even higher.

What’s Next for ETH Price?

Ether (ETH) has recovered after dropping to around $1,500, and sellers are having a hard time pushing it any lower. Buyers have stepped in and pushed the price past some important short-term resistance levels. Now, ETH is aiming to stay above the $1,850 mark. Currently, it’s trading at about $1,816, which is over an 11% gain in the last 24 hours.

The technical indicators are also looking good for buyers: the moving averages are trending upward, and the RSI (Relative Strength Index) shows positive momentum. If ETH can stay above $1,850, there’s a good chance it could make a move toward $2,000 soon. If that happens, it might even break past a bigger resistance zone around $2,500.

However, if sellers want to take back control, they’ll need to push the price below the 20-day moving average (EMA20). If that level is broken, the price could fall to around $1,385, which is a key support zone. Dropping below that might signal a short-term shift in favor of the bears.

The post Whales Turn Active After Ethereum’s Strong Recovery: What’s Next for ETH Price? appeared first on Coinpedia Fintech News
Ethereum’s price has jumped after being stuck in a slump for several weeks, helping it in gaining some market dominance after hitting record lows. The crypto market started to bounce back after U.S. Treasury Secretary Scott Bessent reportedly said in a private meeting that the trade tensions between the U.S. and China can’t last much …

The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News

Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered the memecoin mania too. The top ones like Dogecoin & Shiba Inu prices are attracting decent gains, but the other memes like Brett, FLOKI, doewifhat, and Bonk have been surging with a huge margin. 

Meanwhile, the rise in the TRUMP price has raised everyone’s eyebrows and has also raised concerns about whether the rally is short-lived. 

Currently, TRUMP is running hot with a massive increase in the trading volume as bullish news flew in. Soon after, President Trump announced a private dinner with the top 220 holders of the token on May 22. Just a couple of days before, on April 18, nearly $300 million worth of TRUMP tokens were unlocked, and traders began to short, anticipating a pullback. However, the latest rounds of private dinner have liquidated $8.5 million of shorts.  Moreover, a whale just bought nearly $5 million worth of tokens, which has pushed the price above $16 for a while. 

This huge purchase suggests whether the U.S. President is indirectly compelling the investors to buy more TRUMP. It gets more shocking after joining the dots of Trump owning 90% of the TRUMP supply, the lockup period on the supply expiring, and Trump placing tariffs on the entire world and carving out exemptions for companies on a case-by-case basis. Interestingly, only 24% of the tokens have been unlocked till now, and the rest, which includes a daily unlock of 492K tokens, will last for the next couple of years. 

The bulls have failed to surpass the pivotal resistance at $16.5, despite a 90% upswing and a 500% increase in the trading volume. This points towards the possibility of a short-term rally as the bears have begun to extract profits. 

The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News
Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered …

The post Arbitrum (ARB) Price Analysis: Dead Cat Bounce or Full Blown Recovery Next? appeared first on Coinpedia Fintech News

• ARB price has followed a similar fractal pattern to the September 2024 bullish breakout.

• The resurgence of crypto FOMO could trigger a parabolic rally for ARB price in the near future.

The gradual recovery of Ethereum (ETH), in the past few days beyond $1.7k, has reverberated in its layer two (L2) ecosystem, led by Arbitrum (ARM). The renewed altcoin interest by whale investors has rejuvenated bullish sentiment, as Bitcoin (BTC) price rebounded above the crucial support level of around $92k.

In the past seven days, ARB price has rallied over 18 percent to trade about 33 cents on Wednesday, April 23, during the mid-North American trading session. The large-cap altcoin, with a fully diluted valuation of about $3.3 billion and a 24-hour average trading volume of about $229 million, has been trapped in a multi-month falling trend.

What Next for ARB Price

After being trapped in a falling trend YTD, ARB price broke out of a falling logarithmic trend in the past few days, signaling a potential macro reversal. Furthermore, a similar reversal pattern occurred between September and November 2024 but was overshadowed by the YTD selloff.

With the daily Relative Strength Index (RSI) having rallied above the 50 percent level for the first time in 2025, it is safe to assume a reversal is imminent. Moreover, the daily MACD indicator is on the cusp of transitioning to bullish sentiment.

In case of further bullish sentiment, ARB price aims at 47 cents in the short term and $1.2 in the coming months.

Closer Look at Arbitrum’s Fundamentals 

The Arbitrum network has grown into a vibrant web3 ecosystem on the Ethereum blockchain in the past year. As of this writing, dozens of DeFi protocols have already deployed on the Arbitrum network, thus its total value locked (TVL) hovering at about $2.22 billion and its stablecoins market cap at around $2.86 billion.

The Arbitrum network has, however, faced intense competition from Coinbase Global-backed Base in the recent past. According to market data from Defillama, Base Network has a TVL of about $2.7 billion and a stablecoins market cap of around $4.11 billion.

The post Arbitrum (ARB) Price Analysis: Dead Cat Bounce or Full Blown Recovery Next? appeared first on Coinpedia Fintech News
ARB price has followed a similar fractal pattern to the September 2024 bullish breakout. The resurgence of crypto FOMO could trigger a parabolic rally for ARB price in the near future. The gradual recovery of Ethereum (ETH), in the past few days beyond $1.7k, has reverberated in its layer two (L2) ecosystem, led by Arbitrum …

The post Shiba Inu (SHIB) Price Forecast Today appeared first on Coinpedia Fintech News

• SHIB price has potentially broken out of a YTD falling channel in the past few days.

• The TRUMP token rally on Wednesday has increased the odds for a FOMO memecoin rally ahead.

The rise of Bitcoin (BTC) price, above $92k in the past few days, has triggered a significant increase in memecoin trading. Official Trump (TRUMP) token doubled in value on Wednesday, thus rejuvenating the memecoin rebound – led by Floki, Pudgy Penguin (PENGU), Dogecoin (DOGE), and Shiba Inu (SHIB), among others.

According to market data from Binance-backed Coinmarketcap, the memecoin’s daily average trading volume surged by over 102 percent to hover about $13.3 billion at the time of this writing,

What Next For SHIB Price

Shiba Inu price has closely mirrored Ethereum’s fractal pattern in the past twelve months. The mid-cap memecoin, with a fully diluted valuation of about $7.9 billion and a 24-hour average trading volume of about $290 million, had been trapped in a falling channel in the past two quarters.

However, SHIB price, in the daily timeframe, has been forming a reversal pattern in the past three months. From a technical analysis standpoint, SHIB price has formed a possible inverse head and shoulders pattern, coupled by a bullish divergence of the Relative Strength Index (RSI) in the daily timeframe.

With the daily MACD indicator on the cusp of flipping to bullish sentiment, SHIB’s price is well positioned to rally at least 100 percent in the coming weeks.

The SHIB’s short-term bullish sentiment may be invalidated if the memecoin retraces below the upper border of the falling channel in the coming days.

Market Outlook

The Shiba Inu memecoin has gradually evolved to a utility-based project following the rollout of the Shibarium layer two scaling solution. Moreover, more than 18 DeFi projects have launched on the Shibarium network, led by ShibaSwap and WoofSwap. 

As a result, Shibarium’s total value locked (TVL) has gradually increased to about $2.3 million at the time of this writing. The rising on-chain activity for Shibarium has helped increase Shiba Inu’s daily burn rate, thus increasing value to the holders.

The post Shiba Inu (SHIB) Price Forecast Today appeared first on Coinpedia Fintech News
SHIB price has potentially broken out of a YTD falling channel in the past few days. The TRUMP token rally on Wednesday has increased the odds for a FOMO memecoin rally ahead. The rise of Bitcoin (BTC) price, above $92k in the past few days, has triggered a significant increase in memecoin trading. Official Trump …