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Bitcoin price was stuck in a tight range today, July 29, as most market participants focused on the upcoming Federal Open Market Committee (FOMC) decision on Wednesday. This BTC consolidation could trigger a short-squeeze soon, especially if the bank cuts rates tomorrow. Bitcoin Price Technical Analysis Signals a Surge is Coming The daily timeframe reveals
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Gold (XAU) price gained nearly 3 percent in the past 24 hours to trade at about $3,424 per ounce on Tuesday, May 6, during the mid-Northern American session. The top-tier precious metal extended its gains on Tuesday as India launched a military offensive attack against Pakistan following a recent terror attack.
The demand for Gold by global central banks continued to increase as the U.S. dollar weakened against major currencies led by the Pound, Japanese yen, and the EUR. Furthermore, the ongoing global trade negotiations have heavily impacted the equity markets, led by the United States stocks.
From a technical analysis standpoint, Gold price is on the verge of experiencing a parabolic rally potentially akin to the 1979 rally. If the global demand for Gold continues in the coming months, the precious metal will likely rally beyond $4k per OZ before the end of 2025z
The notable rally for Gold price elated Bitcoin bulls, as the flagship coin surged nearly 1 percent to trade at about $94.6k at the time of this writing. Ahead of Wednesday’s Federal Funds Rate and the FOMC statement, Bitcoin price has experienced heightened volatility.
Ultimately, the cash rotation from gold to Bitcoin by institutional investors will catalyze the much anticipated parabolic rally for BTC and the wider crypto market in the near future. Moreover, institutional investors – led by Strategy, and BlackRock – have relentlessly accumulated Bitcoin in the recent past.
Additionally, Bitcoin Futures Open Interest (OI) has gradually increased in the past few weeks to about $63 billion at the time of this writing.
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Gold price is less than 2 percent from its all-time high amid volatile geopolitical tensions. On-chain data shows that the Bitcoin network has experienced a renewed demand from institutional investors. Gold (XAU) price gained nearly 3 percent in the past 24 hours to trade at about $3,424 per ounce on Tuesday, May 6, during the …
XRP price holds strong at $2.13 as the broader market witnesses increased volatility this week. Ripple’s XRP token might soon take off, as the Q1 report notes multiple key wins hinting at a strong 2025. The growing institutional interest in XRP-based products globally and the end of the SEC lawsuit arc have opened the path to a bullish road.
With the release of Ripple’s Q1 XRP Markets Report, will XRP skyrocket to the $3 mark?
The XRP price trend on the four-hour chart showcases a minor decline from $2.33 to $2.11. This accounts for a 10% drop over the past 7 days. However, XRP price action reveals a falling wedge pattern in motion. This pattern is generally considered to give an upside breakout as the selling pressure diminishes.
Between April 28 to May 6, XRP price action formed two distinctive lower highs and lower lows. Connecting these swing points using trend lines results in a falling wedge setup. This pattern forecasts a 10% rally to $2.36 on a successful breakout above the wedge’s upper trend line at roughly $2.14.
Currently, XRP fluctuates near the 61.80% Fibonacci level at $2.13. Coinciding with the key Fibonacci support, the demand zone extends between $2.13 and $2.14. Due to the short-term decline, the 50 and 200 EMA lines warn of a death cross event in the 4-hour chart.
Furthermore, the 4-hour RSI line is close to hitting the oversold boundary level. This reflects the short-term decline in bullish momentum, leading to the negative cycle within the wedge pattern.
In case of a bullish breakout, once the broader market stabilizes, the Fibonacci levels paint a short-term price target near the $2.50 psychological level. In an optimistic case, the Fibonacci levels extend the price target from $2.75 to $3.15.
On the flip side, the crucial support below the wedge pattern remains the 50% Fibonacci level, coinciding with the $2 psychological mark.
As the XRP price holds above the $2 mark, Ripple recently dropped the Q1 2025 XRP markets report. With multiple key developments in Q1 2025, the report highlights key wins for Ripple’s XRP.
The report highlights the Q1 2025 optimism fueled by positive developments by the U.S. administration. The key milestones highlighted in the report are Trump’s executive order to support crypto, Paul Atkins becoming the SEC chairman, and the bipartisan support for stablecoins.
Starting with institutional support, Franklin Templeton has filed an S-1 form for an XRP-based ETF and the Volatility Shares filing for three XRP ETFs. Furthermore, Brazil’s CVM has approved a dedicated XRP ETF, while CME Group has launched the XRP Futures.
Overall, the XRP investment products saw $37.7 million in weekly outflows, driving the year-to-date inflow to $214 million. The XRP investment product is just $1 million away from overtaking the global Ethereum funds.
The on-chain data witnesses a cool-down phase in Q1 2025, a 30-40% decline in both new wallet creation and overall transaction volume on the XRP ledger. Notably, the DEX volume has decreased by 16% on a quarter-to-quarter basis.
Interestingly, Ripple’s stablecoin RLUSD has emerged as one of the key on-chain activity drivers. Its market cap surpassed $90 million, and it has recorded a cumulative DEX volume of more than $300 million.
Additionally, the report boasts of Ripple’s acquisition of Hidden Road, one of the fastest-growing prime brokers in the world. This marks one of the largest acquisition deals in the digital assets space for $1.25 billion.
With the deal, Ripple aims to market its RLUSD stablecoin as an enterprise-grade USD-backed stablecoin with real-world utility. The company will likely leverage its collateral across prime brokerage products. This could make RLUSD the first stablecoin to enable cross-margining between the digital asset space and traditional markets.
With growing institutional adoption and primed to potentially bridge the digital asset and traditional market space, Ripple’s XRP might soon take off. Based on the price analysis, the wedge breakout rally could result in a bull run to $3 if the broader market remains stable.
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Meme coins have been a hot topic of discussion in the crypto market ever since. Among many, Pepe Coin is one of the top meme coins that tapped the meme-driven hype; the Pepe Coin price grew exponentially. Since its launch, the meme coin has gained immense popularity among meme enthusiasts and investors, allowing it to gain a substantial amount of market capitalization. In fact, now the meme coin is on its way to challenge the king of altcoins, Ethereum (ETH).
This seems to be the case, as investors are now losing confidence in Ethereum because of its sluggish performance. Meanwhile,PEPE price today has broken above a crucial level, which hints at a massive bull rally going forward. Ergo, let’s find out whether investors should consider buying PEPE and shorting Ethereum.
CW, a popular crypto analyst, recently posted a tweet on X revealing that the Pepe coin price has been moving inside a down channel for multiple weeks. The better news is that the meme coin managed a breakout above that pattern, which marked the beginning of a new bull rally.
However, the analysis also mentioned that the real bull rally will begin after the Pepe coin price breaks above three selling walls. Therefore, mentioning the Pepe coin price forecast, it will be crucial for the meme coin to first go above $0.000019 before eyeing higher targets in the coming weeks or months.
$PEPE has broken the downtrend channel. The rally has already begun.
The real bull market will begin once the three selling walls above are broken. pic.twitter.com/19ehalsZni
— CW (@CW8900) April 20, 2025
As the meme coin broke the resistance and moved ahead, investors’ confidence in it has also been increasing. Santiment’s data clearly pointed out that positive sentiment around PEPE rose last week. Since meme coins are mostly hype-driven, an increase in positive sentiment might have a bullish impact on PEPE’s price.
While PEPE’s price is showing much potential going forward, the king of altcoins, Ethereum, might face headwinds. This seems to be the case as selling activity has risen. This was evident from the spike in its exchange outflow during the last seven days.
At the time of writing, ETH value is $1,650, which is well below its March 2025 high. If selling pressure remains high, then ETH’s 24-hour gain of 3% might get nullified soon, in turn pushing it under $1,500 once again.
In conclusion, rising optimism and a key breakout have fueled bullish sentiment around Pepe coin price, signaling strong upside potential. In contrast, Ethereum’s waning momentum and increasing sell pressure suggest it might be time to buy PEPE and short ETH.
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