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The Leading Spans A and B, which comprise the momentum indicator, sit beneath FARTCOIN’s price, forming dynamic support levels at $0.68 and $0.59, respectively. For context, the altcoin trades well above these price points at $0.91.
This setup suggests that FARTCOIN remains in a strong uptrend, with the Ichimoku Cloud offering support in case of any pullbacks.
Traders often see this structure as a signal of sustained buying interest and market confidence. Therefore, as long as FARTCOIN’s price holds above these leading spans, bullish momentum will likely remain intact.
Further, the meme coin’s Relative Strength Index (RSI) remains below 70, which means it has not yet hit overbought conditions, leaving room for further upside. At press time, this indicator, which measures an asset’s oversold and overbought market conditions, is at 68.38.
This RSI reading signals that FARTCOIN is approaching overbought territory but has not crossed the 70 threshold yet. It suggests strong bullish momentum and hints at further price gains before buyers’ exhaustion hits.
FARTCOIN Eyes Major Upside, But Sell Pressure Could Trigger Price Pullback
FARTCOIN’s current position above its Ichimoku Cloud signals that it has not just broken through key resistance levels but is now trading firmly in bullish territory. This indicates a clear shift in market sentiment, with buyers stepping in aggressively to support the rally.
If bullish pressure remains, FARTCOIN could continue its rally and climb toward $1.16.
However, a resurgence in profit-taking activity could invalidate this bullish projection. If sell-side pressure spikes, FARTCOIN could shed some of its gains and fall to $0.74.
If the support floor fails to hold, FARTCOIN risks plunging below the Ichimoku Cloud to exchange hands at $0.19.
The European Central Bank (ECB) has recently taken the stage to warn against Trump’s crypto push, claiming it could stifle the European economy. Primarily, the ECB has questioned whether the current MiCA regulations are ample enough to cushion the blow caused by financial spillover effects due to Trump’s support for cryptocurrencies.
However, the European Commission has dismissed the central bank’s alarming remarks, deeming it to be an overexaggerated concern. In turn, the Commission has argued that the ECB itself misunderstood the EU’s rules, sparking a flurry of discussions nationwide.
European Central Bank Claims Trump’s Pro-Crypto Push Can Impact Europe’s Economy, Commission Says Otherwise
According to a recent Politico report, the European Central Bank and Commission are tussling over whether the current MiCA regulations are enough to negate the blow caused by Trump’s pro-crypto usher. While the ECB thinks that America’s pro-crypto stance could risk causing financial “contagion” and blow up Europe’s economy, the Commission is in a snub.
The Commission primarily believes that the current MiCA regulations, which were introduced in 2023, provide sufficient safeguards that could mitigate potential losses caused by Trump’s pro-crypto push. While the ECB argued that legislative changes are a must, the EC took a contrary stand on the matter.
What’s The Point Of Contention?
CoinGape found that the point of contention remains about the potential challenges that Trump’s USD stablecoin expansion saga could bring into the Eurozone, negatively impacting its financial sovereignty. A majority of the stablecoin projects are denominated in American dollars, risking the nation’s traditional currencies.
To mitigate such risks, the ECB looks forward to making some legislative changes to the MiCA regulations. However, the EC believes that the current set of standards is enough to reduce the risk of foreign currency pegged stablecoins. As a result, both parties ended up in a squabble surrounding the impact of Trump’s crypto push on Europe’s economy.
The scuffle initially kicked off on April 14, when top EU government officials held discussions over the risks of US crypto assets on the nation’s financial stability. The European Central Bank’s claims were primarily dismissed by EU officials and most governments in the end.
However, it’s worth pointing out that the central banking authority cannot be seen completely wrong, as it has always pushed for the betterment of traditional and digital assets in Europe. Intriguingly, CoinGape recently reported that the ECB advanced with digital Euro plans to counter U.S. stablecoins, another move to preserve financial sovereignty.
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.
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 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.
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.