Will Cardano Price Respond With Rally as $20M ADA Leaves Exchanges?

The post Is XRP Set To Rally? Traders Eyes on $2.60 appeared first on Coinpedia Fintech News

XRP, Ripple’s native token, is strongly holding its key support level at $1.95, even after a major price drop in recent days. The daily chart shows that XRP has retested this level more than eight times, and each time, it has bounced back with strong upward momentum.

XRP Price Action and Technical Analysis 

However, this time, the asset’s price has failed to show upside momentum due to the ongoing bearish market sentiment and is instead consolidating within a tight range, which is still better than breaking below this key level. Amid the current market uncertainty, several other assets have failed to hold their key levels and have experienced significant declines

XRP Price Prediction

According to expert technical analysis, XRP appears neutral, as the overall sentiment is bearish, making it unreasonable to label it as bullish. Currently, the asset’s price is near a key support level of $1.95 and has been consolidating within a tight range between $1.95 and $2.20 for over a week.

On the smaller timeframe, XRP has formed a bullish inverted head and shoulders pattern, and the price is on the verge of a breakout. Based on recent price momentum, if XRP breaks out of the pattern and closes a four-hour candle above the $2.22 level, there is a strong possibility it could soar by 16% to reach the $2.60 level in the coming days.

However, on the daily timeframe, XRP has already formed a bearish head and shoulders pattern, but its neckline is receiving support from the 200 Exponential Moving Average (EMA), which appears to be helping the asset stay above the key level.

Current Price Momentum

At press time, XRP is trading near $2.12 and has experienced a modest price decline of 0.50% in the past 24 hours. During the same period, its trading volume dropped by 60%, indicating lower participation from traders and investors compared to the previous day.

The post Is XRP Set To Rally? Traders Eyes on $2.60 appeared first on Coinpedia Fintech News
XRP, Ripple’s native token, is strongly holding its key support level at $1.95, even after a major price drop in recent days. The daily chart shows that XRP has retested this level more than eight times, and each time, it has bounced back with strong upward momentum. XRP Price Action and Technical Analysis  However, this …

Solana Labs co-founder Anatoly Yakovenko has addressed the controversy surrounding the blockchain network’s recently deleted ad. The advertisement, which aimed to promote the upcoming Solana Accelerate conference, faced harsh criticism for its portrayal of gender issues.

The ad, now taken down, sparked backlash from the community, especially for its tone-deaf approach to gender identity. The Solana team has since been forced to manage the aftermath, with investors and users questioning the impact on the project’s public image.

Solana Labs Co-Founder Responds to Backlash

Solana Labs co-founder Anatoly Yakovenko has responded to the backlash in a post on X. He said he was sorry for the lack of sensitivity that was used in the advert and for not considering how such a piece can hurt minority groups. “The ad was bad, and it’s still gnawing at my soul,” Yakovenko said, following the mistake which had been made. He also confessed that at first, he had minimized the situation and did not speak out about it as it deserved to be.

Yakovenko went on to also express gratitude to the developers and artists in the Solana ecosystem who openly seceded the ad; some did it publicly while others privately. He effectively also appericated their collaboration in pointing out such content.

Nonetheless, Yakovenko sought to cool down the tensions, stating that Solana Labs would keep true to its objectives: decentralization and open-source software. He noted that the Solana Foundation would not interfere with culture wars and would stick to the principles on which Solana was established.

Marketing Missteps and Community Reaction

This ad was widely regarded as provocative as it presented a character called “America” speaking about ideas of invention during a therapy session. Instead of giving him theories about technological development, the therapist advised him to stick to matters like gender and pronoun.

In the end, the ad concluded with the character stating that he was going to ‘invent technologies not genders. The depiction was also considered by many as being sexist and an awkward response to the present culture and political correctness.

The response was immediate, with many people in the crypto-sphere expressing their disgust on social networks. Some of the critics felt that the ad was vulgar and insensitive towards some of the vices in the society towards Solana. Subsequently, the company removed the video, however, by that time the video had received millions of viewers and thousands of comments. Some questioned the Solana marketing team for not thinking past such a message, especially during the current political climate of gender issues.

Solana Price Trends Amid the Controversy

Following the controversy, many investors have been closely monitoring the impact on Solana’s market performance. While Solana remains one of the largest blockchain networks, the incident has raised concerns over potential consequences for SOL’s price. As of March 19, Glassnode’s URPD (Unrealized Realized Price Distribution) chart suggests key support and resistance levels that could be affected by this negative publicity.

The first strong support level is $112.10 according to Glassnode where 9.7 million SOL (approximately 1.67% of the total) is stored. This level proves important, in the light of the fact long-term investors might be willing to support the stock after acquiring stakes hence this presents a cost base. On this context, the $94, $97, and $100 levels support around 21 million SOL which is 3.5% of the total supply and breakdown of any of these levels may lead to bearish pressure.

On the upside, there is resistance around $135, where 26.6 million SOL is concentrated, and particularly at $144, where 27 million SOL (nearly 5% of supply) is held. These levels could provide significant selling pressure, as many investors who bought at or near these levels may look to exit at break-even, adding additional selling pressure on the price.

The post Solana Labs Co-Founder Breaks Silence on Controversial Ad Amid Backlash appeared first on CoinGape.

The post XLM Price Crash Incoming? Bearish Pattern Spotted appeared first on Coinpedia Fintech News

In the ongoing market uncertainty, Stellar’s native token, XLM, appears bearish and is poised for a price decline due to the bearish price action it has formed on the four-hour timeframe. At the beginning of March 2025, XLM experienced impressive upside momentum, but it later formed a bearish rising wedge pattern.

XLM Technical Analysis and Upcoming Levels 

According to expert technical analysis, the asset is currently experiencing a price decline and is at a crucial support level. Based on recent price action and historical patterns, if XLM fails to hold the $0.288 level and closes a 4-hour candle below it, the price could decline by 15% to reach the $0.23 level in the coming days.

In addition to this bearish pattern, XLM’s price began falling after hitting a descending trendline with a strong history of price reversals. However, the asset has formed a bearish engulfing candlestick pattern, which is pushing XLM’s price lower.

Current Price Momentum

At press time, XLM is trading near $0.288 and has recorded a 2% price drop in the past 24 hours. Despite the decline, its trading volume has spiked by 25%, indicating increased participation from traders and investors compared to previous days.

Bearish On-Chain Metrics 

This bearish price action has been further reinforced by recent activity from whales and long-term holders, as reported by the on-chain analytics firm Coinglass.

$1.40 Million Worth of XLM Inflow

Data from spot inflow/outflow reveals that exchanges have witnessed an inflow of over $1.40 million worth of XLM tokens in the past 24 hours, suggesting a potential sell-off by these holders, which could lead to a price decline in the future.

$3.30 Million Worth of Bearish Bet

In addition to the activity of long-term holders, traders are also following the bearish market sentiment, as they are strongly betting on the downside. Data shows that traders are currently over-leveraged at $0.305 on the upper side and $0.286 on the lower side, both on the verge of liquidation. At these levels, traders have built $3.30 million and $611K worth of short and long positions, respectively.

When combining all these on-chain metrics with technical analysis, it appears that bears are currently dominating, and XLM’s price could see a further decline in the coming days.

The post XLM Price Crash Incoming? Bearish Pattern Spotted appeared first on Coinpedia Fintech News
In the ongoing market uncertainty, Stellar’s native token, XLM, appears bearish and is poised for a price decline due to the bearish price action it has formed on the four-hour timeframe. At the beginning of March 2025, XLM experienced impressive upside momentum, but it later formed a bearish rising wedge pattern. XLM Technical Analysis and …