Pending when an XRP ETF product is launched, the Cryptocom exchange has launched a product to boost its trading. As revealed, the platform has introduced strike options for XRP. Notably, this will allow users to predict the coin’s price movement within a 20-minute window. Cryptocom Unveils Strike Options For XRP Cryptocom has officially launched strike options for XRP. According to the update, this will give traders the chance to predict the coin’s price movement in short timeframes. With just $10, users can place trades and potentially profit by simply answering “yes ” or” no ” to whether XRP will move beyond a specific price in 20 minutes. It is worth noting that these options offer high-risk, high-reward scenarios and are designed for fast-paced trading environments. The product allows early exit if the price moves in the trader’s favor before the contract ends, which adds a strategic element to the experience. … Read More at Coingape.com
Over the past week, Tether has been on a strong USDT minting spree, adding $8 billion worth of stablecoins over the past eight days on the Tron and Ethereum blockchain networks. This fresh supply of USDT stablecoins can provide fresh ammunition for the broader crypto market rally, helping it break out of the current consolidation phase.
Tether Mints 1 Billion USDT on Tron Blockchain
In a notable development, Tether has minted an additional $1 billion worth of USDT on the Tron blockchain, just four hours ago. This marks a continuation of the company’s aggressive issuance strategy.
On-chain data further reveals that since April 28, the firm has expanded its stablecoin supply by a massive $8 billion across both – Tron and Ethereum blockchain networks. This helps USDT extend its lead over other competitors like USDC, BUSD, RLUSD, etc. Furthermore, the development also underscores move underscores the increasing demand for liquidity and stablecoin usage across decentralized finance (DeFi) and trading ecosystems.
Source: SpotOnChain
As per the Tether transparency report, the total USDT issued on Tron has surged to $71.4 billion. Currently, $72.8 billion USDT is in circulation on the Ethereum network. With just an additional $1.4 billion USDT on Tron, it could once again surpass Ethereum as the leading network for the world’s largest stablecoin issuer, a position it has held at various times over the past two years.
Apart from Tron and Ethereum, the third-largest network for the USDT stablecoin is Solana, with a $1.9 billion circulating supply. USDT’s total circulation has reached an all-time high of $149.4 billion USDT, reflecting an 8.6% increase since the start of the year.
As a result, it captures a staggering 61% of the total stablecoin market as of now. Furthermore, Tether CEO Paolo Ardoino believes that the crypto-friendly Trump administration could help the firm gain further market share over the next few years.
Additionally, Ardoino also teased the launch of an artificial intelligence (AI)-powered product designed for decentralized applications. Named “Tether AI,” the innovation is expected to drive a surge in Bitcoin and USDT transaction volumes upon release.
Crypto Market Rally Ahead?
With Bitcoin price flirting around $94,500 level over the past week, and altcoins entering strong consolidation, the recent minting of USDT could provide a catalyst for a further crypto market rally ahead.
Additionally, U.S. Treasury Secretary Scott Bessent called on the Federal Reserve to reduce interest rates, while fueling speculation of a major bull run in the crypto market.
Moreover, U.S. President Donald Trump has announced plans to lower tariffs on China. Citing the current 145% levy as excessively high and a barrier to trade, Trump expressed an intent to ease the restrictions.
Bitcoin is currently trading near a critical resistance zone around $94,250, a level known as the golden ratio in Fibonacci analysis. This level is considered highly important in both technical trading and natural patterns, and often marks strong turning points in price. Bitcoin reaching this level suggests the recent rally may be slowing down, and traders are watching closely to see what happens next.
So far, Bitcoin has shown signs of a possible five-wave move from its April low. If this pattern completes, it would be a clear sign of bullish strength and could open the door for further gains. However, if the move turns out to be only a three-wave structure, it may mean that the market is still in a broader bear trend, and this recent rise was just a temporary recovery.
Key support for the current trend is between $84,526 and $88,494. As long as the price stays above this zone, the outlook remains positive in the short term. There is also a minor support zone between $91,047 and $93,581 that could help hold the price up in the coming days.
Traders should keep an eye on these levels. If Bitcoin can hold above support and break past the $94,250 resistance with strong momentum, the next target could be as high as $130,000 in the longer term. However, a drop below support may signal weakness and increase the risk of a deeper correction.
The post Bitcoin Price Prediction Today: Next Target $130,000 appeared first on Coinpedia Fintech News
Bitcoin is currently trading near a critical resistance zone around $94,250, a level known as the golden ratio in Fibonacci analysis. This level is considered highly important in both technical trading and natural patterns, and often marks strong turning points in price. Bitcoin reaching this level suggests the recent rally may be slowing down, and …
Ripple’s XRP has gained 3% in the last 24 hours, riding the wave of renewed optimism in the broader cryptocurrency market.
While the increase may appear modest, underlying technical indicators suggest the XRP token rally has more room to run. This analysis holds the details.
XRP Clears Key Resistance—Technical Indicators Point to More Upside
XRP has successfully broken above a descending trendline, overcoming a key resistance level that had capped its upside since the end of April. This move signals a trend reversal and puts XRP in a favorable position for further gains.
Readings from XRP’s Relative Strength Index (RSI) support this bullish outlook. At press time, the momentum indicator is at 54.11, noting a steady uptick.
The RSI indicator gauges whether an asset is overbought or oversold. It ranges from 0 to 100, with readings above 70 typically signaling overbought conditions and a potential price decline. Conversely, values below 30 suggest the asset is oversold and may be due for a rebound.
At 54.11 and climbing, XRP’s RSI indicates that buying pressure is strengthening. It also hints at the likelihood of more gains before the token becomes overbought.
Likewise, XRP’s Balance of Power (BoP) returns a positive value at press time, highlighting the bullish bias toward the altcoin. It currently stands at 0.86.
The BoP indicator measures the strength of buying versus selling pressure in an asset’s market. When it climbs this way, buyers dominate the spot markets. This indicates a potential bullish trend for the XRP token and suggests its upward momentum could continue.
XRP Bulls Eye $2.50 After Breakout
XRP rests solidly above the descending trend line at $2.21. If demand strengthens and the breakout sees more bullish momentum, it could drive the token’s price past the resistance at $2.29.
A successful breach of this price level could drive XRP to $2.50.
