Bitcoin Price Up 8% Today, China Retaliates To Trump’s Tariffs Ahead of US NFP Release

Bitcoin price is rising today even after China vowed to retaliate against Donald Trump’s trade war. It rose 8% and moved back above the crucial resistance at $90,000. BTC price will continue to react to the latest trade news and the upcoming US nonfarm payrolls (NFP) data.

Bitcoin Price Rises After China Vows to Retaliate on US Tariffs

BTC and other risky assets jumped on Wednesday, even after China vowed to retaliate against Donald Trump’s tariffs. The retaliation came after Trump boosted his China tariffs from 10% to 20%, a move that will affect trade volume worth billions of dollars. 

China has already announced some retaliatory measures. It will levy up to 15% on some US goods on top of the other tariffs it announced last month. Some of these tariffs target sensitive areas of the American economy like agriculture. Also, the government added more American companies to its unreliable entity list and vowed to appeal at the World Trade Organization. 

Therefore, Bitcoin price and stocks jumped because the Trump administration appeared to soften its stand on tariffs. Howard Lutnick, the Commerce Secretary, said that the US will be willing to negotiate with the affected countries. Traders also believe that Trump simply wants concessions from its top trading partners. 

US Nonfarm Payroll Data Ahead

Bitcoin price is also rising ahead of the upcoming US nonfarm payrolls (NFP) data on Friday. Analysts anticipate that the labor market softened in February because of Elon Musk’s DOGE job cuts. An ADP report showed that the private payrolls crashed to 77k in February from 186k a month earlier.

Weak jobs numbers would be bullish for BTC price because they would boost the odds of Federal Reserve interest rate cuts. Indeed, US bond yields have crashed, raising odds of more rate cuts. 

The NFP report will come on the day that Donald Trump will have his crypto summit, where he will talk about the Strategic Bitcoin Reserves.

Bitcoin Price Technical Analysis

Bears seem to have won the Bitcoin price battle for now as it crashed from $109,200 to $90,000 today. The bulls vs bears power has crashed below zero for two consecutive weeks. While this is often a negative thing, historical data shows that Bitcoin often rebounds when the indicator turns red. For example, it crashed in August last year, leading to a strong rally. It also remained below zero in 2021 and then surged.

Bitcoin is also forming a hammer candlestick pattern that often leads to a breakout. If this happens, it will be the second consecutive hammer that may lead to a strong bullish breakout.

On top of this, Bitcoin is yet to hit the $122,000 target of the cup and handle pattern. This target was established by measuring the cup’s depth and then measuring the same distance from the upper side.

Bitcoin Price Chart
Bitcoin Price Chart

Therefore, a contrarian case can be made even as the crypto fear and greed index remained in the red. More robust gains will be confirmed if the coin rises above the key resistance at $108,426.

A drop below the support at $73,620 will invalidate the BTC price forecast and point to a crash to $50,000.

The post Bitcoin Price Up 8% Today, China Retaliates To Trump’s Tariffs Ahead of US NFP Release appeared first on CoinGape.

XRP News: Ripple Whales Move Over $5 Bln Coins, What’s Happening?

XRP News: Ripple Whales Move Over $5 Bln Coins, What's Happening?

XRP News: Ripple whales have once again sent shockwaves across the broader crypto market with their massive movers. On-chain data revealed by a top crypto analyst highlighted that over $5 billion worth of XRP was transferred in the past 24 hours. As a result, traders and investors weigh considerable bullishness towards the crypto, with market sentiments further uplifted due to a U.S. crypto reserve and ETF approval odds gaining weight.

XRP News: Ripple Whales Sparks Market Buzz

The latest bullish XRP news seen by traders and investors remains heightened transfers despite the broader market volatility. According to analyst Ali Martinez’s X post on March 5, over $5.37 billion worth of XRP was moved in the past 24 hours.

XRP News: Ripple whale data
Source: Ali Martinez, X

This massive mover by Ripple whales emerges in tandem with Donald Trump’s recent announcement to include XRP in the U.S. crypto reserve. Other crypto like Bitcoin (BTC), Solana (SOL), and Cardano (ADA) are also highly anticipated to be included in the reserve.

As an upshot, XRP transfers rose substantially amid market participants abuzz with the crypto reserve announcement.

XRP Active Addresses Spike Adding Optimism

Simultaneously, CoinGape reported that, as of early Asian hours on Wednesday, active addresses on XRP’s network also rose by a staggering 620%, from 74,589 to 462,650. This data further fell in line with the Ripple whale activity surge, underlining positive market sentiment surrounding the coin. Reportedly, the crypto even showcases the potential to flip Ethereum as new highs await amid strong market support.

XRP News: SEC Lawsuit Conclusion Looms Over The Horizon

Simultaneously, the odds of a wrap-up of the Ripple vs SEC lawsuit have also gained notable weight. Attorney Jeremy Hogan recently hinted that an early dismissal of the XRP lawsuit is possible.

Reportedly, the American blockchain company’s CEO, Brad Garlinghouse, might participate in the upcoming White House crypto summit. This endeavor has further sparked market discussions over its potential impact on the ongoing lawsuit. The U.S. SEC last held a closed-door meeting on February 27, 2025, adding a layer of intrigue among market watchers.

XRP Price Surges 6% Today

XRP price today witnessed 6% gains and rested at $2.49. The coin bottomed and peaked at $2.30 and $2.53 in the past 24 hours. Notably, the rising action falls in line with the broader crypto market trend as prices recovered, absorbing trade war tensions.

On the other hand, XRP futures OI rose nearly 7% to $3.40 billion today, emerging as another bullish news for investors, indicating rising market interest. Overall, market participants expect significant gains amid rising Ripple whale activity, investor interest, and lawsuit-related developments.

XRP ETF Bets Spike

Also, it’s worth taking into account the soaring bets of an XRP ETF approval in the pipeline. Polymarket data shows that the chances of approval hover around 78% in 2025, another bullish XRP news for investors.

The post XRP News: Ripple Whales Move Over $5 Bln Coins, What’s Happening? appeared first on CoinGape.

WisdomTree Predicts XRP and Solana To Lead Altcoin Season

WisdomTree Predicts XRP and Solana To Lead Altcoin Season

WisdomTree has tipped XRP and Solana (SOL) to spearhead an altcoin resurgence in 2025 as investors turn their gaze outside Bitcoin (BTC). The firm’s report points to impressive use cases and incoming mass institutional adoption for both assets.

2025 Will Be The Year Of The Altcoins, Says WisdomTree

After the regulatory milestones achieved by Bitcoin and Ethereum in 2024, WisdomTree says 2025 will see altcoins record similar wins. WisdomTree’s Market Outlook predicts that key jurisdictions will warm up to exchange-traded funds for top altcoins in 2025.

The report specifically mentions XRP and Solana as altcoins expected to receive ETPs in global markets. Analysts at WisdomTree say both assets have demonstrated potential as “institutional-grade investment vehicles.”

For Solana, its capabilities for NFTs, DApps, and DeFi make it a top blockchain in the cryptoverse. On the other hand, XRP is carving a niche for itself in cross-border and global settlements.

“By approving ETPs for assets such as Solana and XRP, regulators would broaden the spectrum of crypto investment opportunities,” read the report.

At the moment, billions in ETF outflows from BTC and ETH have dampened the enthusiasm of investors, triggering interest in new ETPs.

The report highlights Solana’s stablecoin functionalities and XRP Ledger’s near-instant transaction as part of the reasons for ETP approvals. WisdomTree analysts say the approvals open doors to nearly “$300 trillion of managed wealth.”

The Inclusion In A Crypto Strategic Reserve Underscores XRP and SOL’s Relevance

SOL and XRP made the cut for a US Crypto Strategic Reserve, accentuating their growing institutional influence. The announcement sent asset prices surging to new highs amid whispers of a flippening for Ethereum.

XRP’s case with the SEC is inching toward a dismissal with analysts predicting May as the end to the lawsuit.

Frank Templeton has filed an S-1 with the SEC to launch a Solana spot ETF, fuelling speculation for a fresh rally. Experts say the approval for the Solana ETF will happen in 2025, citing a change in stances by the SEC.

The post WisdomTree Predicts XRP and Solana To Lead Altcoin Season appeared first on CoinGape.

Can Pi Network Jump to $100 if the SEC Approves a Spot Pi Coin ETF?

Pi Network

The Pi Network price continues to rise in a high-volume environment, beating other popular cryptocurrencies. This surge has coincided with the ongoing adoption and the rising optimism that it will soon be listed on Binance. As a Made in USA crypto, there are some signs that the SEC will approve a Pi coin ETF, a move that would push its price higher.

How High Can Pi Network Price if SEC Approves Pi ETF?

The SEC, under Donald Trump, has become more friendly to the crypto industry. It has already ended major lawsuits on companies like Uniswap, Coinbase, and Gemini. 

There are also hopes that the SEC will start approving various crypto ETFs. The most notable ones are Solana, XRP, and Litecoin.

Pi Network has some qualities that would make one of the big financial services companies to apply for a spot ETF. It is a large crypto with a market cap of $13.6 billion and a fully diluted valuation of $195 billion. This makes it bigger than other ETF candidates like Litecoin and Hedera. It is also a Made in USA coin, which Trump is focusing on.

Further, Pi Network cannot be classified as a security since it is a proof of work coin like Litecoin and Bitcoin. As such, Pi cannot be accused of being a security since the developers never had a token sale.  These features also mean that the Pi Network may be added into Trump’s crypto reserve.

A Pi Network ETF would likely be a good catalyst for the coin as others have done. For example, the XRP and LTC prices rose as ETF approval odds rose. 

Pi Network Price Analysis: Can it Surge to $100?

The value of Pi coin was at $1.97 on Wednesday, meaning that it needs to rise by almost 5,000% from the current level. Such big moves are possible in the crypto industry. For example, Mantra price has jumped by almost 30,000% since December 2023. As such, a Pi coin ETF would be a validation and help to quell concerns that Pi Network was a scam. 

Pi Network price has some solid technicals as it has just formed a falling wedge pattern on the hourly chart. A falling wedge often leads to a bullish reversal, which explains why it has risen to the highest point since March 2. Pi also wants to flip the key resistance level at $1.96, the highest level on March 3.

Therefore, the Pi coin token will likely continue rising as buyers target the key level at $3.01. Such a rally would be a 52% surge from the current level. More gains, potentially to $5 will be confirmed if it rises above that price.

Pi Network price
Pi Network price chart

A drop below the support at $1.5177, its March 2 low, will invalidate the short-term bullish view. Such a move will point to further downside, potentially to the next key support at $1

The post Can Pi Network Jump to $100 if the SEC Approves a Spot Pi Coin ETF? appeared first on CoinGape.

Solana Whale Moves $20M SOL Amid Price Struggles – Can Network Growth Fuel a Rally to $300?

Solana Whale Moves $20M SOL Amid Price Struggles – Can Network Growth Fuel a Rally to $300?

Solana price is gaining today after a recovery across the broader crypto market. However, a recent $20M move by a Solana whale has stirred speculation about whether a reversal was imminent. As the Solana blockchain shows signs of strength by outperforming other blockchains by revenues, can SOL price avoid a potential reversal and rally towards the $300 peak? 

Solana Whale Moves $20M SOL – Impact on Price? 

Solana price is facing potential sell-side pressure from whales. This is after a Solana whale unstaked 134,902 SOL tokens valued at nearly $20M. This large address is preparing to sell after setting multiple limit orders between the prices of $171 and $294. 

Solana Whale Moves $20M SOL Amid Price Struggles – Can Network Growth Fuel a Rally to $300?
SOL unstaking

This move happened a few hours after the FTX/Alameda bankruptcy estate deposited 3.03M SOL to Binance. According to Lookonchain, these tokens are worth approximately $438M. 

If large addresses are unstaking SOL and moving tokens to exchanges, it could have a major implication on the price. The additional selling pressure from FTX unlocks could impact Solana price as the crypto market remains in a state of fear. 

Can Network Growth Fuel a Rally to $300? 

As whale activity increases the risk of a bearish Solana price prediction, blockchain activity suggests that a rally to $300 is likely to happen. In February, Solana dominated blockchain app revenue, with apps generating $285M in revenue. 

Solana Whale Moves $20M SOL Amid Price Struggles – Can Network Growth Fuel a Rally to $300?
Solana app revenue

This dominance suggests that decentralized applications (dApps) created on Solana are gaining traction and driving capital inflows to the blockchain. This could fuel the bullish sentiment around SOL and potentially drive a rally to $300. 

However as Coingape previously reported, high app revenues suggest Solana price may have hit a local top. If this is the case, SOL may continue struggling under bearish pressure. 

Key Solana Price Levels to Watch

Solana price today trades at $145 after an 8% gain in 24 hours. SOL is moving within a descending parallel channel on the daily chart, which shows a bearish trend is prevalent. However, bulls are attempting a breakout from the upper trendline. If buying pressure leads to SOL making a decisive breakout from the upper trendline, it may drive a price rally. 

The RSI is rising, indicating that buyers are gaining momentum. However, the RSI value below 50 shows that bears remain in control. 

The on-balance volume indicator is also rising, which shows that the buying pressure is gaining strength. This rising OBV indicates that investors are actively buying SOL, which may precede a rally. 

If these bullish trends continue, SOL faces resistance at $176. Breaking out of this level may kickstart a rally towards $300. 

Solana Whale Moves $20M SOL Amid Price Struggles – Can Network Growth Fuel a Rally to $300?
SOL/USDT: 1-day Chart

Solana’s technical outlook shows that despite the recent gains, a bearish momentum remains in play. However, a surge in network activity could boost investor confidence and support a $300 rally for Solana price. 

The post Solana Whale Moves $20M SOL Amid Price Struggles – Can Network Growth Fuel a Rally to $300? appeared first on CoinGape.

Solana (SOL) Investor Calls This $0.015 Altcoin One of the Most Profitable Picks for 2025

muttum-finance

The post Solana (SOL) Investor Calls This $0.015 Altcoin One of the Most Profitable Picks for 2025 appeared first on Coinpedia Fintech News

As crypto investors look for high-growth opportunities, one Solana (SOL) holder has highlighted Mutuum Finance (MUTM) as a project with serious potential for 2025. With a decentralized lending model that provides real utility, MUTM stands out as more than just another token—it offers a structured financial ecosystem where users can earn, borrow, and access liquidity. As the presale continues gaining traction, analysts believe that MUTM’s strong fundamentals could make it one of the most profitable altcoin investments in the coming year.

Mutuum Finance (MUTM)

Mutuum Finance is more than just another altcoin—it’s a fully functional lending and borrowing platform designed to streamline access to liquidity in the DeFi sector. Unlike speculative tokens that rely purely on market sentiment, MUTM has a structured financial use case that encourages continuous engagement from both lenders and borrowers.

Users who supply assets into the protocol earn competitive yields through a model that rewards participation based on liquidity demand. At the same time, borrowers can access funds without selling their crypto holdings, maintaining their exposure to potential market gains. This setup creates a sustainable demand cycle, reinforcing the value of the token as more users engage with the platform.

Mutuum Finance has already captured strong early interest, with its presale raising over $2 million. In the first phase alone, 110 million tokens sold out, signaling high confidence from investors. Now in its second phase, the price remains attractive for those looking to secure an early position before wider adoption increases demand.

With MUTM currently priced at $0.015, many investors see this as an ideal entry point, especially as DeFi lending platforms gain more traction. The steady increase in participation suggests that Mutuum Finance is positioning itself for significant expansion, making it an asset worth watching.

muttum-finance

Unlike traditional financial systems, where lending is controlled by centralized institutions, Mutuum Finance operates on a decentralized model, ensuring that users retain full control over their assets. The platform supports both peer-to-contract (P2C) and peer-to-peer (P2P) lending, allowing for diverse financial interactions.

In P2C lending, users deposit assets into smart contract-based liquidity pools, earning interest that compounds over time. This system benefits lenders by ensuring continuous passive income, while borrowers can access liquidity in a transparent and efficient manner.

Meanwhile, the P2P model enables direct loan agreements, allowing users to negotiate terms based on market conditions. This feature supports a wider range of assets, including meme tokens like DOGE and SHIB, providing an additional layer of flexibility.

Mutuum Finance is hosting a $100,000 giveaway to reward its growing community and early supporters. The prize pool will be distributed among 10 winners, each receiving $10,000 in MUTM tokens. This initiative not only encourages participation but also strengthens investor confidence as the project gains momentum. With increasing interest in the presale, the giveaway serves as an additional incentive for those looking to get involved early.

Why This Could Be One of 2025’s Most Profitable Investments

With its growing adoption, clear financial use case, and expanding ecosystem, Mutuum Finance is proving to be more than just another altcoin. Investors looking for projects with real functionality are beginning to take notice, with some calling it one of the most promising DeFi investments of the year.

As the presale continues to gain momentum, those securing early positions stand to benefit from Mutuum’s long-term vision. With an increasing number of investors shifting toward utility-driven projects, MUTM is emerging as a strong contender in the evolving DeFi space, making it an asset to watch in 2025 and beyond.

For more information about Mutuum Finance (MUTM) visit the links below:

The post Solana (SOL) Investor Calls This $0.015 Altcoin One of the Most Profitable Picks for 2025 appeared first on Coinpedia Fintech News
As crypto investors look for high-growth opportunities, one Solana (SOL) holder has highlighted Mutuum Finance (MUTM) as a project with serious potential for 2025. With a decentralized lending model that provides real utility, MUTM stands out as more than just another token—it offers a structured financial ecosystem where users can earn, borrow, and access liquidity. …

Big News: Lutnick Confirms Bitcoin Strategic Reserve Execution on March 7, BTC Soars Above $90k

The post Big News: Lutnick Confirms Bitcoin Strategic Reserve Execution on March 7, BTC Soars Above $90k appeared first on Coinpedia Fintech News

Bitcoin’s price has recently surged, climbing back above the $90,000 mark. The cryptocurrency has gained more than 8% in the last 24 hours and is eyeing higher levels. President Donald Trump is set to announce a major shift in cryptocurrency policy this week, including plans for a Bitcoin strategic reserve. This move, confirmed by Commerce Secretary Howard Lutnick, is part of a broader strategy to regulate and position the U.S. as a global leader in digital assets.

In an interview with The Pavlovic Today, Lutnick said, “The President definitely thinks that there’s a Bitcoin strategic reserve. A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday. So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently.”

This announcement comes after Trump outlined his stance on a U.S. crypto reserve in a post on Truth Social. The White House Crypto Summit, scheduled for Friday, will be a key event in the administration’s efforts to create regulatory clarity and promote financial innovation within the cryptocurrency space. 

This summit follows Executive Order 14178, signed during Trump’s first week in office, which committed his administration to the responsible growth and use of digital assets. The summit will bring together key figures from the crypto industry to discuss the future of regulation and economic opportunities in the digital asset space.

The post Big News: Lutnick Confirms Bitcoin Strategic Reserve Execution on March 7, BTC Soars Above $90k appeared first on Coinpedia Fintech News
Bitcoin’s price has recently surged, climbing back above the $90,000 mark. The cryptocurrency has gained more than 8% in the last 24 hours and is eyeing higher levels. President Donald Trump is set to announce a major shift in cryptocurrency policy this week, including plans for a Bitcoin strategic reserve. This move, confirmed by Commerce …

Brace Yourself For Bitcoin Bull Run, Three Key Factors to Watch!

Bitcoin Bull Run Ahead_ DXY Drop Signals 2017-Style Surge

The post Brace Yourself For Bitcoin Bull Run, Three Key Factors to Watch! appeared first on Coinpedia Fintech News

Bitcoin, the top cryptocurrency, has seen wild price swings, crashing from its all-time high of $109K to a multi-month low of $78K. However, since then BTC has bounced back to $88K, leaving many wondering, what’s next? Here are three key reasons why Bitcoin could be gearing up for a massive comeback!

Trump’s Crypto Summit Could Be a Game-Changer

One of the biggest events that could push Bitcoin higher is the upcoming Crypto Summit at the White House on March 7. President Trump is set to discuss key issues like crypto regulations and his plan to create a strategic crypto reserve. Big names like Michael Saylor (MicroStrategy), Brad Garlinghouse (Ripple), and Brian Armstrong (Coinbase) are expected to attend.

If this event provides clarity on the government’s stance and opens the door for more institutional adoption, it could spark a major rally in Bitcoin’s price.

Bitcoin Exchange Outflows Suggest Bullish Sentiment

Another positive sign for Bitcoin is its recent exchange netflow trend. Data from CryptoQuant shows that BTC’s exchange netflow has been negative over the past week. This means more Bitcoin is moving off centralized exchanges into private wallets, indicating that investors are holding rather than selling. 

When fewer coins are available for immediate trading, selling pressure decreases, which historically sets the stage for price increases.

FOMO Leads to Buying Opportunities

Bitcoin’s Fear and Greed Index recently dipped into the “Extreme Fear” zone standing at 20. History shows that when fear dominates, it’s often the best time to buy. Even legendary investors like Warren Buffett and Baron Rothschild have advised buying when others are fearful.

If history repeats itself, this period of fear could be setting the stage for the next big rally.

The post Brace Yourself For Bitcoin Bull Run, Three Key Factors to Watch! appeared first on Coinpedia Fintech News
Bitcoin, the top cryptocurrency, has seen wild price swings, crashing from its all-time high of $109K to a multi-month low of $78K. However, since then BTC has bounced back to $88K, leaving many wondering, what’s next? Here are three key reasons why Bitcoin could be gearing up for a massive comeback! Trump’s Crypto Summit Could …

BlackRock Adds Bitcoin ETF to $150B Portfolio—Will AI-Powered Tokens Like Ozak AI ($OZ) Be the Next Institutional Favorite?

BlackRock

The post BlackRock Adds Bitcoin ETF to $150B Portfolio—Will AI-Powered Tokens Like Ozak AI ($OZ) Be the Next Institutional Favorite? appeared first on Coinpedia Fintech News

BlackRock Inc., which operates as the world’s largest asset management company, has integrated Bitcoin into its model portfolio. The company will dedicate between 1% to 2% from its $150 billion asset fund to invest in the iShares Bitcoin Trust ETF (IBIT). This move aligns with the growing institutional support for digital assets as the crypto market moves toward industry changes. 

BlackRock’s Cautious Bitcoin Allocation Signals Institutional Interest 

BlackRock has applied a strategic approach to investing in Bitcoin. BlackRock believes Bitcoin holds potential as a long-term investment tool to expand portfolio reach. The firm maintains a restrained Bitcoin investment strategy, which keeps the cryptocurrency assets within a 1% to 2% share of its entire investment portfolio. 

Since its introduction in January 2024, the iShares Bitcoin Trust ETF has gained $37 billion in investor funds. The recent market conditions have caused investors to withdraw $900 million from investment funds. BlackRock continues to introduce Bitcoin exposure into model portfolios due to persistent investor interest despite market uncertainty. 

The measured approach by BlackRock validates the expanding recognition of Bitcoin as a legitimate asset class. The adoption of the progressive digital assets strategy of BlackRock will motivate institutional investors to invest in digital assets. 

Will Ozak AI Be The Next Big Institutional Bet? 

The rise of institutional crypto adoption marks a shift toward blockchain innovations that go beyond the popularity of Bitcoin. Ozak AI and other AI tokens are showing promising signs of transforming the cryptocurrency market. 

Ozak AI uses artificial intelligence to enhance trading efficiency for its users. Users gain access to advanced market analytics through Ozak AI. The system applies autonomous trading solutions generated by artificial intelligence. The innovation supports data-driven risk management strategies and decision-making processes that institutions prefer. 

Ozak AI enables effective AI processing that does not depend on central systems using a decentralized physical infrastructure network (DePIN). This distinctive system produces enhanced security and scalable infrastructure while reducing costs which attracts major investors.

The presale price for Ozak AI sits at $0.003, but experts anticipate it will reach $1 during 2025. Even though the next stage will see a 400% rally to $0.005, later the $OZ token will be worth $0.05 while listing on the major exchanges. Ozak AI stands to become a dominant force in the upcoming crypto adoption phase if institutional investors embrace its potential. 

Conclusion 

The recent Bitcoin investment from BlackRock demonstrates increased adoption by institutions. Ozak AI is an appealing choice because it combines AI driven analytics with decentralized infrastructure. Institutional portfolios should consider Ozak AI as their next blockchain leader due to its premier position in the market.

For more information about Ozak AI, visit the links below:

Website: https://ozak.ai/

Twitter/X: https://x.com/OzakAGI

Telegram: https://t.me/OzakAGI

The post BlackRock Adds Bitcoin ETF to $150B Portfolio—Will AI-Powered Tokens Like Ozak AI ($OZ) Be the Next Institutional Favorite? appeared first on Coinpedia Fintech News
BlackRock Inc., which operates as the world’s largest asset management company, has integrated Bitcoin into its model portfolio. The company will dedicate between 1% to 2% from its $150 billion asset fund to invest in the iShares Bitcoin Trust ETF (IBIT). This move aligns with the growing institutional support for digital assets as the crypto …

XRP Whales’ $3.2 Billion Accumulation Could Set Price Up For Rally

XRP has experienced significant price movements recently, especially with the massive accumulation by whales. Over the past week, large holders have been quietly stacking up XRP, potentially positioning the altcoin for a significant price boost. 

Their actions, combined with a resilient market, present an optimistic outlook for the altcoin’s future.

XRP Investors Are Betting on Recovery

Whale addresses holding between 100 million and 1 billion XRP have added 1.34 billion XRP worth over $3.26 billion in the past week. While some speculated this accumulation was linked to XRP’s inclusion in the US Crypto Reserve, it appears the whales were primarily buying at low prices. 

This indicates that these large holders anticipate further gains. Despite XRP’s 18% crash on Monday, the whales did not sell, suggesting they are confident in the asset’s long-term potential.

XRP Whale Holding.
XRP Whale Holding. Source: Santiment

The price DAA Divergence is currently flashing a buy signal for XRP as investors demonstrate resilience amid challenging market conditions. This divergence indicates that, while the broader market has experienced volatility, XRP is showing strength. With more investors holding onto their positions and fewer opting to sell, the sentiment is clearly turning bullish.

As market conditions improve, investors’ buying pressure could continue to push XRP’s price higher. This would support the possibility of a sustained rally backed by both retail and whale participation.

XRP Price DAA Divergence
XRP Price DAA Divergence. Source: Santiment

XRP Price is Holding Above Support

XRP is trading at $2.45, holding steady above the critical support level of $2.33. After facing considerable volatility over the weekend, the altcoin managed to stabilize, posting a 37% price increase. This move suggests that XRP could have the momentum needed for further gains if the bullish trend continues.

However, despite the positive signals, XRP still failed to secure $2.70 as support on Sunday, which prevented the altcoin from pushing higher. If XRP can manage to flip $2.70 into support, it could break through the $2.95 resistance, bringing it closer to its previous highs.

XRP Price Analysis
XRP Price Analysis. Source: TradingView

If the altcoin fails to breach $2.70, XRP could experience consolidation above $2.33, as seen in previous price action. This could delay the bullish outlook and may prevent any immediate upward movement, resulting in a temporary stagnation until the market provides more clarity.

The post XRP Whales’ $3.2 Billion Accumulation Could Set Price Up For Rally appeared first on BeInCrypto.