Will XRP Price Hit $3 as Active Addresses 3X Ahead of DC Blockchain Summit?

Monicah W

Will XRP Price Hit $3 as Active Addresses 3X Ahead of DC Blockchain Summit?

The ongoing XRP price consolidation will likely end soon due to two catalysts – the recent spike in active addresses and the DC Blockchain Summit. Could these two events trigger a production of higher lows that push the token to bounce and tag the $3 psychological level?

Bitcoin is up nearly 3% in the past 20 hours and trades around $83K with no clear directional bias. However, XRP, Ethereum (ETH), and other altcoins await a bias after the highly anticipated Fed’s Interest Rate decision and FOMC events.

Can XRP Price Scale Higher and Hit $3?

From a purely technical perspective, XRP price is hovering between the $2.057 to $2.724 range. After a deviation of the range low on March 11, the token has bounced 30% to set up a local top at $2.47. For the trend to remain bullish, Ripple’s XRP needs to produce a higher low above $2.057. Such a development will propel the price to revisit the range high of $2.724.

In a highly bullish case, where Bitcoin price remains above $90K, Ripple’s token could flip the range high resistance level at $2.724 into a support level, advancing to $3. This move would constitute a near 40% rally, assuming XRP price produces a higher low at $2.1571.

Will XRP Price Hit $3 as Active Addresses 3X Ahead of DC Blockchain Summit?
XRP/USDT 1-day chart

XRP Active Addresses More Than Triple

As of December 2, 2024, XRP price touched the $2.69 level for the first time in more than five years. This historic level saw Daily Active Addresses (DAA) hit a peak of 165K. Since then, the on-chain metric remained relatively lower, showing a waning of investors’ interest. However, the DAA more than tripled and hit 530K on March 2. This sudden uptick notes that investors are interested in XRP at the current price levels.

Will XRP Price Hit $3 as Active Addresses 3X Ahead of DC Blockchain Summit?
XRP Daily Active Addresses Triples

Since the DAA spike has been sustained for the past two weeks, it indicates that XRP holders are anticipating something huge in the upcoming days.

This is where the DC Blockchain Summit fits in, where multiple well-known crypto personalities and US government officials are gathered to discuss cryptocurrency. 

Meanwhile, Chainlink’s Sergey Nazarov is set to host a pivotal discussion with Bo Hines, who is the executive director of the President’s Council of Advisers on Digital Assets and all things crypto.

Considering that Ripple is a US-based company, the DC Blockchain Summit could reveal Ripple and other key cryptocurrencies and blockchain’s role in furthering America as crypto capital. Hence, the chances of XRP price rallying to $3 and beyond due to these catalysts are high.

The post Will XRP Price Hit $3 as Active Addresses 3X Ahead of DC Blockchain Summit? appeared first on CoinGape.

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Hackers Take Over Migos’ Instagram, Leak Solana Co-Founder’s KYC, Demand 40 BTC

Solana (SOL) co-founder Raj Gokal’s sensitive data was leaked through the compromised Instagram account of the renowned hip-hop group Migos.

The leaked content included photos of Gokal and his wife displaying identification documents, including passports and driver’s licenses.

Hackers Leak Solana Co-Founder’s Private Data

The hackers shared at least seven images with Migos’ 13 million followers. While hacking high-profile accounts to promote meme coins or conduct rug pulls is unfortunately common, this incident stood out due to an apparently failed extortion attempt. 

Hackers allegedly demanded 40 Bitcoin (BTC) from Gokal, as evidenced by this caption accompanying one of his images.

“You should’ve paid the 40 BTC,” the caption read.

Meanwhile, another image of Gokal holding up his passport was posted with the caption,

“It was only 40 BTC.. should’ve paid.” 

Additionally, some images appeared to contain more private information, such as phone numbers and email addresses. In fact, in one of the posts, hackers exposed Gokal’s personal number and urged followers to spam him. One post also included a photo of an individual identified as “Arvind.”

“There appears to be a guy Arvind who’s had his public SOL balance (or maybe it’s Raj’s?) leaked here,” Andy, co-founder of The Rollup, posted on X.

The posts remained visible for about 90 minutes before Meta removed them and regained control of the account. Besides the leaked images, the hackers altered Migos’ Instagram bio to advertise a meme coin.

“Also, there was just a link posted to a telegram group which is selling unreleased music,” Andy added.

Migos’ Hacked Account
Migos’ Hacked Account. Source: X/Andy

Blockchain investigator ZachXBT also weighed in on the incident. He suggested that Gokal’s personal accounts were likely targeted through social engineering tactics over the past week. 

“They tried to extort him for funds with the PII obtained. Guess he didn’t pay so they started trolling and posted it after they compromised Migos Instagram account today,” ZachXBT stated.

The hack follows Gokal’s previous warning on X. He notified users that hackers had been trying to break into his various online accounts recently.

“Attackers have been trying to take control of my email, social media, Google, Apple, etc. this past week. If you see anything suspect (token launch, soliciting funds, etc) that means they got through. be careful out there,” Gokal cautioned.

Is Solana Co-Founder’s Data Leak Linked to the Coinbase Breach?

Meanwhile, the nature of the leaked images suggested that they could be Know Your Customer (KYC) verification files. This has sparked concerns about a possible link to the recent Coinbase data breach. 

BeInCrypto previously reported that the exchange suffered a data breach affecting approximately 1% of its monthly active users. The incident came to light after hackers demanded a $20 million ransom from Coinbase, which the company refused to pay.

“If they have the KYC for the founders of Solana, then they have the KYC for every single person that ever used their platform and this wasn’t even the KYC information like their address, it was the photos from the self verification you have to do when you send a picture of yourself with your passport this is like 10 times worse than a regular KYC leak,” an analyst wrote.

Despite the speculation, no concrete evidence yet ties Coinbase to Gokal’s data leak. Meta has not issued a public statement regarding the incident. Moreover, Gokal has yet to comment officially on the breach.

The post Hackers Take Over Migos’ Instagram, Leak Solana Co-Founder’s KYC, Demand 40 BTC appeared first on BeInCrypto.

When Will the XRP ETF Be Approved?

The post When Will the XRP ETF Be Approved? appeared first on Coinpedia Fintech News

The wait for a spot XRP ETF is far from over, but there’s now a clearer picture of when a final decision might arrive. In a tweet, Crypto America Host Eleanor Terrett shared details of her conversation with ETF expert James Seyffart, shedding light on potential timelines for the approval of the XRP spot ETF.

XRP ETF Approval Around Mid-October

James Seyffart, a well-known ETF expert, suggested that the final decision on the XRP spot ETF is expected to come around mid-October, with October 18th being a likely deadline. 

However, Seyffart also noted that the SEC could make a decision before then, depending on how actively they engage with the applications. The process has been slower than expected, but this date provides a glimmer of hope for those eagerly awaiting the outcome.

While it’s possible the agency could make its move before October, Seyffart believes Q4 will likely be the most active period for crypto-related ETF decisions across the board.

Franklin XRP ETF Decision Pushed to June

This update comes shortly after the SEC delayed its decision on Franklin Templeton’s XRP ETF filing. Instead of moving forward in May, the agency has pushed the review date to June 17. For many, this delay isn’t surprising, the SEC has taken its time on Bitcoin and Ethereum ETFs, too.

But here’s the twist, the SEC doesn’t always use the full time allowed. If they engage actively with the issuers and legal teams early on, the decision could arrive sooner.

Polymarket Prediction: XRP ETF Approval Could Happen in 2025

At the same time, Polymarket, a prediction platform, says there is a 78% chance the XRP ETF will be approved by 2025. This fits with what many in the crypto world believe, even though the SEC has delayed its decision. 

It shows that, while the approval might take a few more years, interest in crypto ETFs is growing.

Brazil Launches First XRP ETF

Although Brazil has recently launched the world’s first XRP ETF, called XRPH11. It is managed by Hashdex and Genial Investimentos. This move is big for the crypto world, as it shows growing interest in XRP ETFs.

This could also increase the chances of an XRP ETF being approved in the U.S. The success of Brazil’s ETF might push U.S. regulators to act sooner.

The post When Will the XRP ETF Be Approved? appeared first on Coinpedia Fintech News
The wait for a spot XRP ETF is far from over, but there’s now a clearer picture of when a final decision might arrive. In a tweet, Crypto America Host Eleanor Terrett shared details of her conversation with ETF expert James Seyffart, shedding light on potential timelines for the approval of the XRP spot ETF. …

Bitcoin Hits $100,000 as Trump Announces Major Trade Deal

Bitcoin (BTC) finally printed $100,000 on major exchanges for the first time since February, before retreating slightly as profit‑taking set in.

The breakout gathered pace as the Federal Reserve’s interest rates remained stable, and President Trump announced positive developments in the tariff deals with multiple countries.

Donald Trump Signs a Trade Deal With the UK

Today, Trump announced the first deal since his administration’s sweeping tariff program began last month. The US president said that his government reached an agreement with the UK, and several other deals are in the final stages.

A Reuters report indicates the agreement will reduce US‑UK duties on steel and autos, easing supply‑chain inflation fears that have dogged risk assets since the tariff shock.

Risk‑on sentiment spilled into crypto, with more than $492 million in short positions liquidated across derivatives venues in the past 24 hours, according to CoinGlass data.

Crypto Liquidations Heatmap. Source: Coinglass

Traders now eye $105,000 as the next resistance. Should Trump’s deal materialize without surprises, bulls argue the path to $120,000 could open quickly

The post Bitcoin Hits $100,000 as Trump Announces Major Trade Deal appeared first on BeInCrypto.