Bitget, the leading cryptocurrency exchange and Web3 company, is excited to officially launch GetAgent, a new AI-powered trading assistant designed to ease users’ interaction and understanding of the crypto market. By combining advanced AI with real-time market data and trading tools, GetAgent is engineered to transform complex decision-making into a simple chat. Built for today’s
The XRP price is currently facing immense selling pressure, which has dragged the levels below $2.2 during the early trading hours. The token broke the key support levels and validated a continuation of a bearish pattern with the volume soaring above $2 billion, which suggests the traders could have jumped in to exit their positions. But what compelled them to do so?
Ripple’s XRP price has been influenced by multiple factors related to fundamentals and technical factors. The platform recently integrated with traditional finance rather than replacing it fully. On the other hand, Ripple took a different course and unlocked 1B XRP from the escrow amid the ETF buzz.
Unlocking a billion XRP adds a near-term supply risk, but the real impact hinges on whether it enters the open market. Hence, the XRP unlock cycle is sending mixed signals as Ripple broke their routine with a massive internal shuffle and locked most tokens back into an escrow account. So what’s next? How will the XRP price reach $5 as predicted?
The XRP price tested the upper resistance of a textbook weekly symmetrical triangle after months of consolidation. The token is trading within a bullish continuation setup and nearing a breakout zone. As the XRP price remains within an extended bear market accumulation from the 2022 lows to the last weeks of 2024. Therefore, once the price breaches the resistance of the pennant, the token may rise by nearly 500%, similar to the pole of the bull flag and rise above $4.5 and may probably reach $5.
The post XRP Price Ready to Explode to $5-Here’s When! appeared first on Coinpedia Fintech News
The XRP price is currently facing immense selling pressure, which has dragged the levels below $2.2 during the early trading hours. The token broke the key support levels and validated a continuation of a bearish pattern with the volume soaring above $2 billion, which suggests the traders could have jumped in to exit their positions. …
US President Donald Trump is reportedly launching a new crypto wallet in partnership with Magic Eden. Apparently, users will also be eligible to partake in a $1 million airdrop of TRUMP tokens.
There aren’t many specific details about this project available, but Magic Eden confirmed its involvement. Trump has a long-running interest in the NFT market, launching new ones last month, which could explain this choice.
Trump recently included NFT rewards in his Gala Dinner package, potentially explaining Magic Eden’s help making the wallet.
Unfortunately, we don’t have even the most basic information about the TRUMP wallet yet, including topics like KYC information, security, custody structure, etc. For now, interested users can join the waitlist in the hope of future developments.
The waitlist doesn’t have a clear end date, but it encourages users to buy TRUMP tokens. The meme coin has seen increased sell-offs since the dinner concluded a few weeks ago. Yet, today’s wallet announcement brought a brief spike.
The latest crypto wallet will likely bring more political scrutiny, specifically from the Democrats. Yet, the US president seems committed to furthering his meme coin venture.
Asset manager Bitwise has made its next move in a bid to offer a NEAR ETF, filing its S-1 form with the US Securities and Exchange Commission (SEC). This development provides a bullish outlook for the Near Protocol price, with institutional investors gaining exposure to the altcoin through this fund.
Bitwise Registers NEAR ETF Filing With US SEC
A SEC filing shows that Bitwise has registered its proposed NEAR ETF with the US SEC. This move is part of the plans to launch a fund that will directly track the value of the Near Protocol price and provide investors with exposure to the altcoin.
This comes following the asset manager’s registration of the Near Protocol ETF in Delaware. Following this filing, the firm will now move to file a 19b-4 form for the ETF with the Commission through an exchange. This will officially kickstart the approval process as the exchange declares its intention to list and trade the fund on its platform.
The Commission already has several filings for other altcoin ETFs on its desk, including ones from Bitwise. Bitwise has already filed for Solana, XRP, Dogecoin, and Aptos ETFs.
However, the SEC has shown it is in no hurry to approve these funds despite the regulatory-friendly environment that the Commission has created under this new administration. The agency has so far delayed its decision on all other crypto ETFs, with the latest being Canary Capital’s Litecoin ETF filing.
Insight Into The Altcoin’s Current Price Action
Amid Bitwise’s NEAR ETF filing, crypto analyst Lycus has provided insights into the Near Protocol’s current price action. He remarked that the altcoin’s price appears to be stabilizing above the $1.75 support zone.
The analyst added that if it can reclaim the $3.70 resistance, there could be a price surge towards the $5 level. Lycus affirmed that the NEAR price is showing strong support and advised market participants to wait for a small wick around $2.65 if they are planning to accumulate.
(@MagicEden) June 3, 2025
