Amid the Trump tariffs and calls for rate cuts, Federal Reserve Chair Jerome Powell has met with US President Donald Trump for the first time in the president’s second term. Trump has heavily criticized Powell these past few weeks, while urging the Fed Chair to cut interest rates. Jerome Powell Meets With Donald Trump According to a Federal Reserve statement, the Fed Chair met with Trump today at the White House at the president’s invitation. The duo discussed economic developments, including growth, employment, and inflation. The statement noted that Jerome Powell didn’t discuss his expectations for monetary policy, except for emphasizing that the path of policy will depend entirely on incoming economic information and what that means for the outlook. Meanwhile, the Fed Chair also mentioned that he and his colleagues on the FOMC will set monetary policy, as required by law, to support maximum employment and stable prices. They… Read More at Coingape.com
After a wave of criticism over claims of an express UAE Golden Visa offer, the TON Foundation has set the record straight. In a terse statement, the organization denied government involvement in the project that offered applicants a 10-year Golden Visa for staking $100K worth of TON for three years. TON Foundation Clarifies Status Of
XRP is up more than 7% in the last 24 hours, bringing its market cap near $150 billion. The crypto community is now debating how its inclusion in the US crypto strategic reserve will impact its long-term price action.
Attention is also on the upcoming White House Crypto Summit on March 7, which could play a key role in shaping market sentiment. Whether XRP continues its rally or faces new resistance will depend on these developments and whether technical indicators confirm a sustained uptrend.
XRP DMI Shows Buyers Are Still In Control
XRP’s DMI shows that its ADX is currently at 18.49, down from 36.2 four days ago, indicating that the strength of its trend has weakened significantly.
The +DI (positive directional index) is at 25.1, down from 50, while the -DI (negative directional index) has risen to 14.4 from 9.3.
This shift suggests that bullish momentum has faded while selling pressure has slightly increased, making it harder for XRP to establish a strong uptrend.
The Average Directional Index (ADX) measures trend strength on a scale from 0 to 100, with readings above 25 signaling a strong trend and values below 20 indicating weak or nonexistent momentum.
XRP’s ADX at 18.49 suggests that its current attempt to form an uptrend lacks strength. The declining +DI shows buyers could be losing control, while the rising -DI indicates sellers are gaining ground.
If this trend continues, XRP may struggle to sustain an upward move, but if ADX picks up again and +DI rebounds, bullish momentum could return.
XRP Active Addresses Just Hit A New All-Time High
XRP’s 7-day active addresses have surged to 1.16 million, marking their highest level ever.
A rising number of active addresses often signals increased adoption and interest, which can support price growth. Despite the crypto community questioning whether XRP should be included in the US crypto strategic reserve, this spike in activity suggests strong network participation.
If this trend continues, it could help sustain bullish momentum for XRP, potentially driving prices higher.
Will A Golden Cross Make XRP Surge Soon?
XRP’s EMA lines indicate that a golden cross could form soon, as short-term moving averages continue to rise. If this bullish signal materializes, XRP price could test resistance at $2.74, with a breakout potentially sending the price to $2.99 and even $3.15.
“The approach to establishing strategic reserves is contentious and may require either an executive order or Congressional authorization, potentially undermining long-term policy stability. While Trump’s initiatives are expected to boost market confidence and attract institutional investments in the short term, uncertainties remain over policy effectiveness, Congressional support, and international market reactions in the medium to long term. Investors should monitor these developments closely and adjust their strategies accordingly.”
Onyxcoin (XCN) has faced challenges in the past month, with its price largely stagnating. The lack of bullish movement is likely a result of opposing forces—investor behavior and market conditions—acting on the cryptocurrency.
However, there is some positive news surrounding the upcoming OIP-56 proposal, which will bring gas-free voting for the users. This could act as a trigger for XCN price rise.
Onyxcoin Is Overvalued
The NVT (Network Value to Transactions) ratio for Onyxcoin is currently at a five-month high, which indicates a sharp rise in network valuation relative to transaction activity. This spike signals a potential overvaluation of XCN, as the network’s actual transaction activity is not keeping pace with its valuation.
This discrepancy can create a sense of inflated value, which historically points to a price correction. With the NVT ratio showing a disconnect between price and real-world usage, Onyxcoin could experience increased selling pressure if investors start to realize the overvaluation.
Despite the signs of overvaluation, Onyxcoin is not facing significant bearish momentum, as shown by its Relative Strength Index (RSI). Currently, the RSI is sitting above the neutral 50.0 mark, indicating that, although the market is less favorable, XCN is still in a positive price zone.
The RSI’s position suggests that Onyxcoin could remain relatively stable or even experience some upward momentum. If the broader market conditions improve or if OIP-56 succeeds in providing further utility to the network, the price may have the potential to recover.
Onyxcoin’s price is currently trading at $0.0180, consolidating between $0.0214 and $0.0165. The lack of bullish momentum in the past few weeks has kept the price from rising above $0.0214, reflecting market hesitation.
Given the mixed signals from both market sentiment and technical indicators, Onyxcoin’s price may continue to consolidate in this range for the time being.
This consolidation phase is likely to continue unless a significant catalyst pushes the price in one direction. If market conditions worsen, Onyxcoin could face a drop below the $0.0165 level, possibly falling to $0.0150.
This would further validate concerns about the cryptocurrency’s overvaluation and could signal a deeper correction in its price.
However, if Onyxcoin’s price begins to align with investor behavior and bullish momentum, it could break past the $0.0214 resistance. This would pave the way for a potential rise to $0.0237 and eventually towards $0.0300.
A successful breach of these levels would invalidate the current bearish outlook, indicating a stronger uptrend for Onyxcoin in the near future.
