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XRP has experienced a surge in open interest, rising 17% to hit approximately $10.37 billion. This uptick comes amid heightened trading activity following a Ripple whale move of $173 million. Amid these whale transfers, XRP price has enjoyed bullish momentum breaking resistances and eyeing an all time high soon. XRP Open Interest Surges Over 18%
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Solana price is stuck within the range of $140 and $150, but a deep dive into technical analysis suggests that the altcoin may reach $300 soon. Moreover, robust fundamentals, including a surge in SOL staking volumes, support this bullish outlook.
SOL value today trades at $150 after facing rejection at the $153 resistance level. The token eyes more gains this weekend amid a positive shift in the broader market sentiment after Bitcoin broke above $97,000 for the first time in two months.
The Solana price is about to enter a recovery phase that may culminate in a 100% surge to $300. This is according to analyst Mihir, who observed that SOL has been trending upwards since 2023, and defending resistance at the lower ascending trendline.
In his analysis, Mihir noted that each time the SOL price bounces from this trendline, it goes on an uptrend. In 2023, the token recorded a 2x rally after making such a bounce, and later in 2024, SOL went on a parabolic bull run from below $20 to an all-time high of $294 after recovering from this support level.
If history rhymes, Solana may have entered a recovery phase, which may push the price upwards to as high as $300 in the near term. This bullish leg may occur in the coming months.
SOL price also eyes gains after analyst Colin Wu noted that Solana has surpassed Ethereum in staking volumes, a phenomenon that has sparked discussions within the crypto community about whether SOL is now a more secure layer 1. Solana staking volumes stand at $61 billion, which is slightly higher than Ethereum’s $58.7 billion.
While this data suggests that validators are favouring the Solana network over Ethereum, the latter still leads in terms of blockchain security. However, this surge may still fuel a Solana price rally as high staking volumes indicate that a majority of tokens are being taken out of the circulating supply, which may trigger a supply squeeze if demand surges.
The four-hour Solana price chart teases that this altcoin is on the path towards a bullish breakout if it can overcome crucial resistance hurdles at $153 and $180. If it clears these levels, SOL might make a run up to $205 and kickstart an uptrend towards $300.
The RSI supports this bullish Solana price forecast, after its recent bounce above 50, suggesting that the bullish momentum is growing strong. However, this indicator needs to make a series of higher highs for the bullish continuation to play out. If it drops below 50, it will invalidate this bullish thesis and trigger a downtrend to support at $115.
To sum up, Solana price is flashing bullish signals, with its bounce from a descending trendline and robust fundamentals suggesting that a move to record highs may be on the horizon. The four-hour chart shows a major hurdle at $153 that SOL needs to overcome to avert going back to a downtrend.
The post Here’s How Solana Price May Hit $300 Supported By This Critical Trend Line appeared first on CoinGape.
Tron’s native cryptocurrency TRX is up by 7% today after founder Justin Sun announced plans to double down on building the meme ecosystem on the blockchain. this announcement was enough to push the Tron price higher with daily trading volumes surging 62% to more than $1.23 billion. Over the last two days. TRX has seen a sharp recovery of 15%, bouncing back from the support of $0.21.
As Justin Sun prepares for the comeback of the meme coin ecosystem on the Tron blockchain network, analysts are predicting a Tron price rally to $1 and above. Popular crypto analyst Javon Marks has projected a bullish outlook for TRON (TRX) stating that the altcoin is preparing to hit its logarithmic-measured breakout target at $1.11.
Marks highlighted that TRON price trajectory suggests significant potential for gains, with an estimated 516% upside from current levels required to reach the predicted target. Last week Justin Sun also stated that TRX will hit new all-time highs very soon.
On the other hand, social analytics platform LunarCrush stated that the social and market activity on the Tron blockchain network has surged significantly following the TRX price surge. Tron now accounts for 1.05% of all crypto-related discussions, reflecting heightened community interest. TRON’s robust metrics highlight its growing prominence as both investors and the community focus on its upward momentum.
Tron’s meme token ecosystem is experiencing a resurgence, fueled by confidence from Justin Sun, founder of the Tron blockchain. Yesterday alone, 122 new tokens were launched on the SunPump.meme platform, marking the first time in four months that daily launches exceeded 100.
To date, 95,573 tokens have been created, generating 36,374,191 $TRX in fees, equivalent to $5.74 million. Furthermore, the activity on the TRON DAO continues to soar, signaling a strong and growing interest in Tron’s meme token ecosystem.
Commenting on this development, Justin Sun wrote: The first rule of making memes on Tron: I will not personally profit a single cent from memes. Any losses will be fully covered by myself, and all proceeds will be donated.
In another announcement, Justin Sun revealed plans to bring TRX, Tron’s native cryptocurrency, to Solana’s blockchain in the coming weeks. Although the announcement lacked specific details or a definitive timeline, it has sparked excitement among both TRX and Solana communities.
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The post Coinbase Derivatives Announces Listing of CFTC-Regulated Futures for XRP: What Next? appeared first on Coinpedia Fintech News
Coinbase Global Inc. (NASDAQ: COIN), a top-tier cryptocurrency exchange in the North American markets, announced a major trading expansion for Ripple Labs’ XRP on Monday, April 21. After filing with the Commodity Futures Trading Commission (CFTC), on April 3, to offer XRP futures contracts, the exchange announced a successful listing of the regulated products on Monday.
Coinbase will offer monthly, cash-settled margin contracts, each representing 10k XRP, to its clients ahead. The launch of Coinbase’s XRP futures contract follows a similar product by Bitnomial in mid-March 2025.
The launch of Coinbase’s XRP futures contract will further enhance the legitimacy of XRP among institutional investors. Moreover, XRP has gained significant regulatory clarity in the United States in the past few months, bolstered by the Donald Trump administration’s initiatives to foster the adoption of crypto assets.
Ultimately, the liquidity of XRP will significantly increase as more institutional investors participate in futures contract trading.
The impact of the rising adoption of XRP by institutional investors will be significant in the long haul. Moreover, digital assets are expected to play a crucial role in resetting global financial systems, which have been siloed over the past decades.
From a technical analysis standpoint, XRP price has been forming a potential bullish pattern, especially after breaking out of a falling logarithmic trend. In the daily time frame, XRP price, against the U.S. dollar is likely to retest the recent bullish breakout by falling back towards the support level above $1.77.
Moreover, the daily MACD indicator has yet to flash a bullish signal, and the Relative Strength Index (RSI) has experienced a resistance level of around 50 percent level.
However, a consistent close above $2.22 will invalidate further short-term correction and trigger a fresh rally toward a new all-time high ahead.
The post Coinbase Derivatives Announces Listing of CFTC-Regulated Futures for XRP: What Next? appeared first on Coinpedia Fintech News
Coinbase’s listing of CFTC-regulated futures for XRP follows Bitnomial’s launch of a similar product last month. The rising demand for XRP by institutional investors has helped increase bullish sentiment. XRP/USD pair may retest $1.77 in the coming days before continuing with a macro bullish outlook. Coinbase Global Inc. (NASDAQ: COIN), a top-tier cryptocurrency exchange in …