Author: Monicah W

Cardano Price Forecast: Here is What Historical Data Reveals

Monicah W

Cardano (ADA) Price Prediction for March 25

The post Cardano Price Forecast: Here is What Historical Data Reveals appeared first on Coinpedia Fintech News

  • Several technical indicators suggest the YTD correction for ADA price has already hit the bottom.
  • Cardano price has experienced a high correlation with BTC in the recent past, signaling potential bullish sentiment ahead.

Ahead of the much-anticipated altseason for the 2025 crypto bull market, Cardano (ADA) has emerged as a potential contender. Driven by institutional investors’ adoption and global liquidity expansion, ADA price action has mirrored that of major altcoins led by Dogecoin (DOGE).

The large-cap altcoin, with a fully diluted valuation of about $31.8 billion and a 24-hour average trading volume of about $913 million, gained around 14 percent in the last seven days to trade about $0.7092 on Monday, during the mid-North American trading session.

Top Reasons Why Cardano Price Gained

According to market data analysis from Intotheblock, Cardano has depicted a correlation of 0.87 out of 1 with Bitcoin in the past 30 days. With Bitcoin (BTC) price attempting to rally beyond a crucial resistance level above $95k, ADA’s price is well positioned to break out in tandem.

Since U.S. President Donald Trump announced on April 9 via Truth Social that it was an opportune time to buy, Cardano’s Futures Open Interest (OI) has surged from $603 million to around $802 million at the time of this writing.

Midterm Targets for ADA 

From a technical analysis standpoint, Cardano price is following a similar fractal pattern to DOGE in the 2017 cycle. Worth noting that the first explosive rally for altcoins in 2017 happened during the second quarter.

In the 3-day timeframe, ADA price has formed a symmetrical falling channel, which could be breached in the near future. According to crypto analyst Ali Martinez, ADA price is well positioned to rally towards 88 cents, if it consistently closes above the resistance level around 74 cents.

The post Cardano Price Forecast: Here is What Historical Data Reveals appeared first on Coinpedia Fintech News
Several technical indicators suggest the YTD correction for ADA price has already hit the bottom. Cardano price has experienced a high correlation with BTC in the recent past, signaling potential bullish sentiment ahead. Ahead of the much-anticipated altseason for the 2025 crypto bull market, Cardano (ADA) has emerged as a potential contender. Driven by institutional …

Breaking: Arizona Passes Strategic Bitcoin Reserve Bill in the House and Senate

Monicah W

The post Breaking: Arizona Passes Strategic Bitcoin Reserve Bill in the House and Senate appeared first on Coinpedia Fintech News

  • The push for the Arizona Governor, Katie Hobbs, to sign the SBR has already begun. 
  • Bitcoin price has signaled bullish sentiment, with the next target above $99k.

After months of lobbying and speculation, Arizona has become the first state in the United States to pass a strategic Bitcoin reserve (SBR) bill in both houses. On Monday, during the late North American session, the Arizona House passed the Bitcoin Reserve Bill SB 1025, with 31 yes against 25 nays. 

As a result, the state of Arizona will invest 10 percent of the public funds annually in Bitcoin to hedge against inflation and macroeconomic uncertainties. Meanwhile, the SB 1025 bill is now awaiting final approval from Arizona’s governor Katie Hobbs, a Democratic Party member.

The Final Push for Bitcoin SBR’s Implementation in Arizona

As Coinpedia previously reported, Governor Hobbs threatened to veto all bills until a disability funding bill was passed by both houses. Amid the controversy, Dennis Porter, CEO and Co-founder of Satoshi Action Fund, requested American voters to push their elected leaders to implement the strategic Bitcoin reserves Bills as soon as possible.

Market Impact

Following the announcement, a ripple effect is expected in other states debating the SBR bills. Furthermore, the Donald Trump administration has laid significant emphasis on the importance of Bitcoin and digital assets thriving in the United States.

Bitcoin price gained around 1 percent to trade at about $94.5k at the time of this writing. The rising demand for Bitcoin by whale investors will play a crucial role in its rally beyond the resistance range between $95k and $99k in the coming weeks.

The post Breaking: Arizona Passes Strategic Bitcoin Reserve Bill in the House and Senate appeared first on Coinpedia Fintech News
The push for the Arizona Governor, Katie Hobbs, to sign the SBR has already begun.  Bitcoin price has signaled bullish sentiment, with the next target above $99k. After months of lobbying and speculation, Arizona has become the first state in the United States to pass a strategic Bitcoin reserve (SBR) bill in both houses. On …

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Tether’s $1 Billion USDT Mint Fuels Bull Run Optimism

Monicah W

Tether minted $1 billion in USDT on the Tron network today, bringing its total minted tokens since January to 12 billion. This reflects growing demand for crypto and could signal bullishness.

Previously, major stablecoin issuances have led to a bullish cycle. With fresh inflows, the market sentiment is trending towards Greed, and Tether may facilitate more bullishness.

Tether’s Major USDT Minting

Tether, the world’s largest stablecoin network, has been steadily minting USDT tokens for the past few months. It minted 19 billion in a spree between November and December last year and added another billion less than a week later.

Today, Tether’s new action on Tron could have a powerful impact on the market.

Tether Minted 1 Billion Tokens
Tether Minted 1 Billion Tokens. Source: Tronscan

This new USDT minting could have broad market implications for a few reasons. Major net issuances often reflect growing demand from institutions and OTC desks that need large blocks of stablecoins for cross-border settlements or build-up before buying digital assets.

For example, when it issued 1 billion USDT a little over a year ago, this caused Bitcoin’s price to spike.

In isolation, this single issuance could push the needle in a bullish direction. However, since Lookonchain data shows a pattern of major mintings, Tether could spur a lot of optimism.

Despite recently hitting a three-year low, the Crypto Fear and Greed Index has been trending upward. It’s currently in Neutral but briefly exhibited Greed yesterday.

Crypto Fear and Greed Index
Crypto Fear and Greed Index. Source: Alternative

In other words, the market is primed to accept a bullish signal, and Tether’s major minting may provide it.

Still, not every mint equates to immediate market deployment. True bullish pressure arrives only when those new USDT hit exchange wallets. Luckily, that seems like a very achievable goal.

Tether has a long history of using Tron’s blockchain for USDT mintings, and the two firms enjoy active cooperation today. Hopefully, this will help ensure these new tokens quickly reach exchanges and the broader market.

If so, Tether could aid a preexisting trend of fresh inflows to the crypto sector.

The post Tether’s $1 Billion USDT Mint Fuels Bull Run Optimism appeared first on BeInCrypto.

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Top 3 Bittensor Ecosystem Tokens to Watch For The First Week Of May

Monicah W

Three Bittensor subnet tokens — Chutes, Proprietary Trading Network, and Targon — are among the top projects to watch this week.

Chutes remains the largest subnet token by market cap despite recent price pressure, while Proprietary Trading Network is gaining attention through the DeFAI narrative. Targon, meanwhile, is trading at deeply oversold levels and could be setting up for a potential rebound. Here’s a closer look at each of these Bittensor-based tokens heading into the first week of May.

Chutes

Chutes is a serverless AI compute platform built by Rayon Labs. It is designed to deploy, run, and scale any artificial intelligence model within seconds.

Users can interact directly with the Chutes platform or integrate it easily through a simple API, offering fast and flexible AI infrastructure without the complexity of traditional server management.

Chutes is currently the largest Bittensor Subnet token by market cap, but it has faced pressure recently, falling nearly 18% over the past seven days.

Chutes Token Performance.
Chutes Token Performance. Source: Tao Stats.

After rallying 67% between April 7 and April 12, the token has since dropped about 30% from its peak. Its Relative Strength Index (RSI) is now at 23.78, signaling deeply oversold conditions.

This setup could mean that Chutes is nearing a potential reversal zone.

If the project manages to recover its earlier momentum, being the biggest Subnet on Bittensor could amplify its gains through network effects, potentially triggering a strong uptrend that could drive the price back toward the $0.40 range.

Proprietary Trading Network

Proprietary Trading Network, or Taoshi, is a decentralized finance platform operating within the Bittensor ecosystem. It builds dynamic subnetworks where decentralized AI and machine learning models analyze data across multiple asset classes.

Its mission is democratizing access to sophisticated trading strategies, combining AI, blockchain, and finance to deliver advanced data that helps users make more informed financial decisions.

Proprietary Trading Network’s market cap is close to $50 million, with its trading volume jumping nearly 160% in the last 24 hours to reach $3 million.

Proprietary Trading Network Token Performance.
Proprietary Trading Network Token Performance. Source: Tao Stats.

With DeFAI emerging as one of the hottest narratives for 2025, Proprietary Trading Network is well-positioned to leverage its exposure to trending sectors like AI, Bittensor subnets, and trading.

If the current momentum strengthens, the token could soon rise to retest the $0.20 and $0.25 resistance levels, supported by growing attention across these sectors.

Targon

Manifold Labs developed Targon, which is a Bittensor Subnet token that is building an AI cloud platform that enables users to run inferences on AI models at high speed and low cost.

Through its Playground and API, Targon offers many models optimized for completion and chat tasks.

The platform emphasizes fast performance, high scalability, and cost-efficiency, allowing developers and companies to deploy and scale AI models while minimizing infrastructure complexity easily.

Targon Token Performance.
Targon Token Performance. Source: Tao Stats.

Targon’s market cap currently sits around $47 million, with daily trading volume reaching $1.33 million.

Targon’s price has fallen more than 9% over the past 24 hours. Its RSI is at 19.23, signaling deeply oversold conditions that often precede a rebound.

Targon could gain up to 48% if new momentum builds and retests price levels from 15 days ago.

The post Top 3 Bittensor Ecosystem Tokens to Watch For The First Week Of May appeared first on BeInCrypto.

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Onyxcoin (XCN) Bullish Momentum Could Be Fading Despite 10% Weekly Gains

Monicah W

Onyxcoin (XCN) has risen more than 3% in the last 24 hours and nearly 12% over the past week, bringing its market cap back to around $640 million.

After a volatile week, XCN’s technical indicators show important shifts that could shape its next move. The token’s RSI, ADX, and EMA structures all suggest a mix of stabilizing momentum and caution signs. Here’s a closer look at the current setup for Onyxcoin heading into the first week of May.

Onyxcoin RSI Bounces Back, Setting Neutral Stage for Next Move

Onyxcoin’s Relative Strength Index (RSI) is currently at 48.89, after reaching as high as 75 just five days ago. The RSI had fallen sharply to 34.88 yesterday but has since recovered, suggesting that selling pressure may be easing.

This recent bounce shows momentum is trying to stabilize, although the token remains well below the recent overbought zone it touched earlier in the week.

The shift also signals that Onyxcoin is no longer close to oversold territory, but has yet to show a clear direction for its next major move.

XCN RSI.
XCN RSI. Source: TradingView.

The RSI is a widely used technical indicator that measures the speed and magnitude of an asset’s recent price movements to assess whether it is overbought or oversold.

Typically, an RSI above 70 indicates overbought conditions and potential for a pullback, while an RSI below 30 signals oversold conditions and potential for a rebound.

With XCN’s RSI now sitting at 48.89, the token is in a neutral zone, providing room for further upside if positive momentum continues. If buying pressure increases from here, XCN could build a stronger recovery without immediately facing technical resistance from overbought conditions.

XCN Uptrend Remains, But Trend Strength Weakens

Onyxcoin Average Directional Index (ADX) is currently at 23.64, a significant drop from the 50 level it reached just two days ago.

This sharp decrease suggests that the strength of the recent trend has weakened, even though Onyxcoin remains technically in an uptrend.

The decline in ADX reflects a cooling in momentum after a strong directional move earlier in the week. While the uptrend is still intact, the lower ADX reading signals that the trend’s strength is no longer as dominant as it was a few days ago.

XCN ADX.
XCN ADX. Source: TradingView.

The ADX is a technical indicator that measures a trend’s strength, but not the direction. Values above 25 typically suggest a strong trend, while values below 20 point to a weak or directionless market.

With XCN’s ADX now sitting at 23.64, the trend is still moderately strong but close to losing strength if the reading continues to fall.

This means that while Onyxcoin’s uptrend remains, it may require renewed buying pressure soon to avoid slipping into a period of consolidation or sideways movement.

Onyxcoin Holds Support, But EMA Gap Signals Caution

XCN gained around 112% in April, making it one of the best-performing altcoins for the month. Its Exponential Moving Average (EMA) lines remain bullish, with the short-term EMAs still positioned above the long-term ones.

However, the gap between the short-term and long-term EMAs has narrowed compared to previous days, indicating that the bullish momentum is losing some strength.

While the general trend remains positive, the shrinking distance between the EMAs suggests that the market is approaching a critical point where a clearer direction could soon emerge.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView.

In the last few days, Onyxcoin successfully tested and held the support zone around $0.018, but this level remains fragile.

If XCN tests this support again and fails to hold it, the price could drop toward the next support near $0.016. On the upside, if buying momentum returns, XCN could rally to test the $0.024 resistance.

A breakout above $0.024 could open the door for a continuation toward $0.027, offering a strong bullish setup if momentum strengthens.

The post Onyxcoin (XCN) Bullish Momentum Could Be Fading Despite 10% Weekly Gains appeared first on BeInCrypto.

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ProShares XRP ETF Rumors Are Driving Market Confusion – What We Know So Far

Monicah W

Despite rumors that the SEC approved a spot XRP ETF, this is inaccurate. The only new development concerns ProShares’ Leveraged and Short XRP Futures ETFs, which will begin trading on April 30.

It’s unclear how much these false claims impacted XRP’s price today, but they caused a lot of commotion. Fake crypto news has been taking off lately, and this could negatively impact investor confidence.

A US Spot XRP ETF Is Not Here Yet

The crypto industry is full of enthusiasm for an XRP ETF, especially since one began trading in Brazil last week.

However, there’s no shortage of overeager people who can spark and circulate optimistic rumors. ProShares’ new Futures ETF did indeed win approval, but this has no bearing on a Spot ETF:

Bitcoin, the first crypto-centric ETF category, achieved a futures ETF before a spot one. In some ways, the SEC’s approval of an XRP Futures ETF is a positive sign.

The Commission has an impending deadline to reject or confirm these proposals, and experts believe that approval is highly likely. Unfortunately, that does not change the reality today.

XRP’s price has been zig-zagging in the last 24 hours, with notable pullbacks. It isn’t fair to claim that ETF hype is the source of all XRP moves; several circumstances may be contributing to the situation.

Still, rumors have recently had a demonstrable impact on crypto markets, even when they’re completely false. These garbled claims may have affected XRP.

xrp price chart
XRP Daily Price Chart. Source: TradingView

Confusion doesn’t help build a stable industry. Even if false ETF rumors temporarily boost XRP’s performance, that’s not a sign of long-term ecosystem health. Misinformation can significantly damage public trust, especially among retail investors.

For example, Eleanor Terrett commented on these rumors, claiming she’s “getting really sick of all the rude keyboard warriors in this community.”

Apparently, she received online hostility for trying to clarify the news decision despite being both correct and a respected source of pro-crypto journalistic coverage.

Spot ETF vs Futures ETF – What are the Differences?

Spot ETFs directly hold XRP tokens, providing investors with exposure to the actual cryptocurrency.​ These ETFs aim to mirror the real-time market price of XRP. So, there’s a straightforward correlation between the fund’s value and the token’s spot price.​

As of now, spot XRP ETFs are not approved in the US. Applications from firms like Grayscale and Bitwise are under SEC review.

Meanwhile, leveraged futures ETFs do not hold XRP directly. Instead, they invest in futures contracts that speculate on the future price of XRP.

Due to daily resetting of leverage, these ETFs can experience significant volatility and may not be suitable for long-term holding.

Even if these XRP ETF rumors came from a genuine misunderstanding, they’re still dangerous. In the future, the community must be careful to vet its sources and act in good faith to maintain public confidence.

The post ProShares XRP ETF Rumors Are Driving Market Confusion – What We Know So Far appeared first on BeInCrypto.

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Solana (SOL) Faces Selling Pressure Even as DEX Volume Surges

Monicah W

Solana (SOL) has been up nearly 18% over the last 30 days. SOL’s bullish structure remains technically intact, although some key momentum indicators show signs of weakening.

At the same time, Solana continues to dominate DEX volume and blockchain revenue rankings, reinforcing its strong position in the broader ecosystem. Here’s a closer look at the latest technical and on-chain developments for Solana.

Bullish Structure Intact for Solana, But Key Momentum Signals Weaken

Solana’s Ichimoku Cloud chart shows the price testing support near the top of the green cloud.

The blue baseline (Kijun-sen) and red conversion line (Tenkan-sen) have flattened and run close to the candles, signaling a loss of short-term momentum.

The green leading span (Senkou Span A) remains above the red span (Senkou Span B), but the narrowing distance points to weakening bullish momentum.

Institutional momentum appears to be building, as DeFi Development Corp aims to become “Solana’s MicroStrategy” with a $1 billion plan and a Coinbase report highlighting corporate treasuries migrating to Solana.

SOL Ichimoku Cloud.
SOL Ichimoku Cloud. Source: TradingView.

If SOL stays above the cloud, the bullish structure remains intact, but a drop inside could trigger deeper consolidation.

SOL’s BBTrend indicator is also weakening, currently 4.06 down sharply from 10.43 three days ago.

SOL BBTrend.
SOL BBTrend. Source: TradingView.

Despite this, BBTrend has stayed positive for 17 days since April 11, showing that broader momentum remains.

The BBTrend measures trend strength through Bollinger Band expansion or contraction; a falling BBTrend often signals slowing momentum or consolidation.

If BBTrend keeps falling, SOL could lose more momentum, but a buyer recovery could still lead to a fresh breakout attempt.

Solana Continues To Dominate DEX Volume and App Fees

Solana continues to dominate DEX volume among different chains, recording $20 billion in trading volume over the last seven days.

In just the past 24 hours, Solana’s DEX volume reached $2.4 billion. Over the past week, Solana’s DEX volume has increased by nearly 32%.

DEX Volume by Chain.
DEX Volume by Chain. Source: DeFiLlama.

Beyond DEX activity, Solana-based applications dominate the charts regarding blockchain revenue and fees.

Six of the top 10 chains and protocols — excluding stablecoins like Tether (USDT) and Circle (USDC) — are directly tied to the Solana ecosystem, with Pump and Jito leading the charge.

SOL at Key Decision Zone With 23% Upside Potential on Breakout

Solana Exponential Moving Average (EMA) lines remain bullish, with the short-term EMAs still positioned above the long-term ones.

However, SOL is now trading very close to a critical support level at $145, which has become an important area to watch. If this support is tested and fails, Solana price could quickly drop to the next support zone around $133.82.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

In a deeper selloff scenario, the downtrend could extend further toward $123.41, significantly weakening the current bullish structure.

On the other hand, if buyers step back in and reinforce the uptrend, SOL could rally to test the $157 resistance level.

A successful breakout above $157 would strengthen the bullish momentum and potentially open the way for a move toward $180, offering around 23% upside from current levels.

The post Solana (SOL) Faces Selling Pressure Even as DEX Volume Surges appeared first on BeInCrypto.

Bitcoin’s (BTC) Price Prediction and Why Ruvi AI (RUVI) Is The Most Promising Project in 2025?

Monicah W

ruvi-ai-bitcoin

The post Bitcoin’s (BTC) Price Prediction and Why Ruvi AI (RUVI) Is The Most Promising Project in 2025? appeared first on Coinpedia Fintech News

Bitcoin is once again captivating the world of finance. The cryptocurrency recently surged to $95,000, its highest level this year, and analysts are predicting it could climb even further, with projections reaching $130,000 or more by the end of 2025. This rally signals not just the resilience of digital assets but also a broader bullish trend in the cryptocurrency market. For investors, this opens a door to opportunities that extend far beyond Bitcoin’s impressive performance.

One of the most exciting opportunities in this rising market momentum is Ruvi AI, a project at the intersection of blockchain and artificial intelligence. With a thriving presale and a clear route to massive returns, Ruvi AI is positioning itself as the next big player on the crypto stage.

Bitcoin’s Rally as a Beacon for Market Trends

Bitcoin achieving $95,000 is significant for more than just record-breaking numbers. It reflects a growing maturity in the cryptocurrency ecosystem and renewed interest from institutional and retail investors alike. Spot Bitcoin exchange-traded funds (ETFs) recently saw inflows of $2.7 billion, showcasing investors’ confidence despite macroeconomic challenges. Furthermore, Bitcoin’s ability to decouple from traditional assets like stocks and its correlation with gold reinforce its position as a haven for long-term value.

This renewed optimism around Bitcoin ripples across the entire crypto market, increasing visibility and liquidity for promising digital assets. Now is the time to discover hidden gems, such as Ruvi AI, that offer not only eye-catching potential but also solutions for real-world applications.

What Ruvi AI Brings to the Table

Ruvi AI is not just another blockchain project. By combining the power of artificial intelligence with decentralized technologies, it addresses inefficiencies in industries ranging from healthcare to business automation. Its unique vision has already caught the attention of early investors during a highly successful presale, selling over 10 million tokens and raising $100,000 in just a few days.

Unlike projects relying on speculative hype, Ruvi AI delivers value through real utilities. This clear focus makes it an ideal candidate to thrive in the bullish trends set in motion by Bitcoin’s rally.

The VIP Tier 5 Bonus and High ROI Potential

For investors keen on maximizing their rewards, Ruvi AI’s VIP Tier 5 bonus is a standout feature. Accumulating 500,000 tokens during the presale, investors qualify for VIP 5 tier bonus. At the current price of $0,01 per token it equals to $5,000. Once it is achieved, the purchased amount will double thanks to a 100% bonus, totalling at 1,000,000 tokens. 

When Ruvi AI lists at a confirmed price of $0.07, this $5,000 investment will instantly be worth $70,000. That’s an ROI of over 1,300%. But the potential doesn’t stop there. Industry experts are projecting Ruvi AI’s token price could reach $1 in the long term. If this occurs, the same $5,000 investment would transform into a jaw-dropping $1,000,000, yielding a return of 19,900% for early believers.

ruvi-ai-presale

The combination of accessibility, high bonuses, and long-term growth potential makes the VIP Tier 3 bonus a must-consider for forward-thinking investors.

Ruvi AI further rewards its highly engaged community through leaderboard incentives. Top contributors competing during the presale phase can secure additional perks and recognition. The most loyal supporters who secured their spot in the top 10 will receive additional 500,000 tokens which equal to $35,000 at the token’s listing and $500,000 if the token achieves it’s projected $1 valuation post listing. 

This system encourages a vibrant investor community while offering extra rewards to those committed to the project’s success.

Why Ruvi AI Is More Than Just a Token

While Bitcoin serves as a benchmark for digital asset resilience, Ruvi AI offers something distinct. It brings together innovation and usability. By addressing existing problems and creating utility across industries, Ruvi AI has laid the foundation for sustainable growth. Unlike Bitcoin, which acts primarily as a store of value, Ruvi AI is focused on creating practical tools that improve lives and enhance productivity.

The project’s commitment to transparency and community engagement further underscores its value. Tokens come with a clear roadmap, and offerings such as the leaderboard and bonus structure create a sense of inclusion and shared purpose for everyone involved.

Seizing the Moment

Bitcoin’s bullish momentum has reignited enthusiasm for cryptocurrencies across the globe. With its record-breaking gains and promising projections, this is an environment ripe for high-growth projects like Ruvi AI. For investors willing to act swiftly, the ongoing Ruvi AI presale offers an unparalleled opportunity to secure tokens at an early-stage price and benefit from bonuses that elevate earnings potential.

Set against the backdrop of a thriving market, Ruvi AI embodies the innovation and capability required to excel in the evolving world of blockchain and artificial intelligence. Whether you’re an experienced crypto investor or someone new to the scene, there has never been a better time to consider Ruvi AI as your next investment. Take action today and be part of a project poised to lead in a bullish market wave.

Learn More

The post Bitcoin’s (BTC) Price Prediction and Why Ruvi AI (RUVI) Is The Most Promising Project in 2025? appeared first on Coinpedia Fintech News
Bitcoin is once again captivating the world of finance. The cryptocurrency recently surged to $95,000, its highest level this year, and analysts are predicting it could climb even further, with projections reaching $130,000 or more by the end of 2025. This rally signals not just the resilience of digital assets but also a broader bullish …

What’s Next for BTC, ETH, XRP Price Prediction As US Banks Face $482 billion in Unrealized Losses

Monicah W

Bitcoin (BTC) and most altcoins may have another bullish catalyst hidden in plain sight: the US banking sector is in a crisis despite the veneer of stability. The unrealized losses are surging, a trend that may ultimately benefit alternative assets like BTC, considered as an inflation hedge or an uncorrelated asset over time. This BTC, ETH, and XRP price prediction highlights what to expect as these losses jump.

US Banks Unrealized Losses are Soaring

The Federal Reserve and the CEOs of large U.S. banks have continually emphasized the sector’s stability. Besides, the too-big-to-fail banks like Bank of America and Wells Fargo have passed one stress test after the other. Also, some of these banks, especially JPMorgan, have boosted their CET-1 ratio, a figure that showcases their ability to withhold losses under stress.

However, beneath the veneer of stability, US banks have a big hole that may one day benefit BTC, ETH, and XRP prices. They are sitting at over $482 billion in unrealized losses, a figure that has continued to swell.

The risk is that these banks cannot sell their held-to-maturity bonds for now since that would mean that they take substantial losses, hurting their share prices. At the same time, the Fed cannot cut interest rates rapidly as Trump has demanded. Doing that would spark inflation.

Furthermore, there is a growing risk that trust in the US is eroding as the Trump trade war persists. Indeed, Japan has already sold $20 billion of its international bonds, while China has continued to scale down its US holdings. In a note, an analyst on X said:

“This massively reinforces the structural case for Bitcoin. Because Bitcoin isn’t just an “inflation hedge.” It’s becoming the collateral of last resort as trust in traditional collateral evaporates.”

XRP Price Prediction: Breaks Crucial Resistance

The daily chart reveals that the XRP price has surged, and moved above the descending trendline connecting the highest swings since January 15. Moving above that level was important because it invalidated the descending triangle pattern that has been forming.

Ripple price also jumped above the 100-day moving average, a level it has resisted in the past few weeks. Additionally, it has validated the bullish view of the inverse head-and-shoulders pattern.

Therefore, the most likely Ripple price forecast is bullish, with the initial target being the psychological point at $3. This target is about 30% above the current level, and along the shoulders section of the H&S pattern that formed earlier this year.

XRP Price chart
XRP price chart

BTC Price Analysis: Rally to Accelerate

The chart below reveals that the BTC price has surged above $95,000. It sits much higher than the 100-day moving average and has formed a bullish flag chart pattern. This pattern has a tall flagpole and a consolidation and often leads to more gains.

The Bitcoin price has jumped above $88,827, the neckline of the double bottom at $76,800. Therefore, with US banks unrealized losses rising, there is a likelihood that it will blast above $100,000 soon.

BTC price chart
BTC price chart

ETH Price Technical Analysis

Like the XRP price forecast, there are signs that Ethereum will blast higher soon. That’s because it has jumped above the key level at $1,600, the upper side of the falling wedge pattern. This wedge is a common reversal chart pattern.

ETH price has also formed a small bullish flag pattern. Oscillators are also pointing upwards. Therefore, the two Ethereum price forecast levels to watch are the psychological point at $2,000, followed by $2,120. It will need to jump above these levels to confirm a solid breakout.

ETH price chart
ETH price chart

Summary on Bitcoin, Ethereum, and Ripple Price Predictions

Technical analysis suggests that the of BTC, ETH, and XRP prices will experience a bullish breakout in the near term. This view is also supported by their respective fundamentals, including institutional demand and whale buying.

The post What’s Next for BTC, ETH, XRP Price Prediction As US Banks Face $482 billion in Unrealized Losses appeared first on CoinGape.

US SEC Approval of XRP ETFs Spurs $30M Trading Frenzy in Just Minutes

Monicah W

US SEC Approval of XRP ETFs Spurs $30M Trading Frenzy in Just Minutes

A major development shook the cryptocurrency market today after the U.S. Securities and Exchange Commission (SEC) approved the first XRP futures-based exchange-traded fund (ETF). This decision triggered a sharp trading surge, with $30 million worth of XRP ETF shares exchanged within just 30 minutes.

The news has fueled optimism among investors and market watchers, who now anticipate further growth and investment into the XRP market. The launch of ProShares’ XRP futures ETFs is scheduled for April 30, 2025, and has already begun creating strong momentum in trading activity.

XRP Futures ETF Approval and Immediate Market Response

The SEC has granted ProShares approval to introduce the first XRP futures ETF in the United States. According to WhaleFUD, $30 million in XRP ETF shares changed hands within half an hour following the announcement.

ProShares is launching three distinct products: the ProShares XRP Strategy ETF, the ProShares Short XRP Strategy ETF, and the ProShares XRP Blend Strategy ETF. These will provide investors with different strategies to gain exposure to XRP’s price movements without owning the digital asset directly.

Market expert John Squire noted, “The real catalyst will come when a Spot XRP ETF gets approved,” but emphasized that this futures ETF as a crucial development. Meanwhile, the XRP community is watching closely as ProShares prepares to bring these products to market.

XRP Price Movement and Technical Patterns

Following the SEC’s decision, XRP’s price saw an upward movement. Analysts have identified bullish patterns forming on XRP’s price charts. Ali, an analyst stated, “$XRP looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target between $2.70 and $2.90.”

World of Charts, another market analyst, shared, “$XRP after giving a 4x bullish rally, now consolidating within a tight range and building up for another breakout.” They suggested that the price could potentially move towards the $5 mark in the coming weeks if the breakout occurs.

Image

These technical patterns suggest that many traders are positioning themselves ahead of the ETF’s launch and further regulatory developments. The recent price action reflects growing anticipation for broader XRP adoption among institutional investors.

Spot XRP ETF Applications and Future Developments

While the futures ETF approval marks progress, the SEC has yet to approve a Spot XRP ETF. Several applications are pending, with decision dates ranging from May to October 2025.

According to Crypto Eri, Bitwise’s application is due on May 18, Grayscale’s on May 21, and 21Shares Core’s on May 22. Other prospects filed by WisdomTree, CoinShares, and Franklin Templeton that have applications pending with expected decisions before October 25.

However, one commenter Reckamech opined that the SEC might approve all the applications on the same day which will deny any of the firms a first mover advantage. Crypto Eri also agreed with it, labelling it as “a very good point.”

Building on this, the introduction of exchange-traded products by Teucrium last week bolster the notion of XRP’s acceptance in conventional financial market. Further, CME Group has recently revealed plans to list XRP futures on its US derivatives market. The entry of CME Group into XRP futures trading indicates that more institutions are now interested in XRP products. This is just like what we saw with Bitcoin and Ethereum back years when their introduction of futures paved way for Spot ETF approvals.

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