XRP remains within a familiar range on the higher time frame, trading just above the 38.2% Fibonacci retracement level—a technical area often associated with wave 4 corrections in Elliott Wave theory. At the time of writing, XRP is down by more than 2% and is trading at $2.20.
Wave Structure and Support Levels
The ongoing pullback is interpreted as part of a larger wave 4 correction. From this zone, a further upward move is possible, with chances for XRP to form another higher high. However, a deeper retracement cannot be excluded. In the event of another leg down, support between $1.22 and $1.34 would become the next area to watch.
The $1.21 level remains pivotal. A break below this point would significantly weaken the bullish case, suggesting a shift toward a more bearish outlook.
Bullish Prospects and Price Targets
As long as XRP holds above the current upper support levels, the potential for an upward breakout remains on the table. Possible targets in this scenario include $5.00, $5.65, and even $6.60. While speculative discussions have pointed to the possibility of XRP reaching $10 or more, such projections are considered low-probability outliers without clear structural support at this stage. Any extended fifth wave would be unusual and would require strong confirmation.
Short-Term Outlook
XRP has undergone a retracement, with the current price structure appearing unclear and choppy. The recent move up may represent the beginning of a diagonal pattern, following a possible wave 4 low in April.
A minor B-wave correction around April 20 was shallow and may not provide enough structure to confirm the next leg upward. Currently, the price has recovered to approximately $2.16, after briefly dipping below weaker Fibonacci-based support. The more important level to monitor in the short term is $2.12. As long as this level holds, the chances remain for a continuation of the bullish pattern. A break below $2.12 could lead to a reset of the current wave count and signal a larger flat correction.
Nasdaq-listed VivoPower has achieved a major milestone by becoming the first public company to create an XRP-focused Treasury. To kickstart this initiative, the company has already raised up to $121 million, which it will use to acquire the altcoin. VivoPower To Launch XRP Treasury In a press release, VivoPower announced an XRP-focused digital asset Treasury Strategy, which will encompass the contribution to building out the XRPL ecosystem for real-world decentralized finance blockchain solutions. The company made this announcement while noting that the altcoin could be one of the five digital assets that the US government will accumulate as part of the Strategic Bitcoin Reserve and Digital Asset Stockpile that Donald Trump announced months ago. As part of the move to create this treasury, VivoPower revealed that it has raised $121 million through a private placement, with investors buying an aggregate of 20 million ordinary shares at $6.05 per share. The… Read More at Coingape.com
The era of the Ethereum price hype could be coming to an end. The cryptocurrency market saw a new opportunity when IntelMarkets launched its presale and secured more than $11 million. The platform has a token price of $0.09 which will rise to $0.10 in the next stage.
The combination of advanced AI tools with dual chain support could allow IntelMarkets to become a powerful rival against Ethereum (ETH). Many investors have their eyes on this emerging platform because it shows signs of a potential 10x surge.
IntelMarkets’ $11M Presale Shakes the Market
The crypto market has shown interest in IntelMarkets, which helped it to raise above $11.2 million in presale. The new platform currently sells tokens for $0.09 which will increase to $0.10 in the next stage.
The speed at which investors are getting IntelMarkets tokens in the presale could show their confidence in its ability to possibly challenge the Ethereum price. IntelMarkets has achieved success in presale through its advanced trading capabilities.
Source: IntelMarkets
The Intelli-M robots at IntelMarkets possess self learning capabilities. They can automatically adopt the market trends and learn from their mistakes to perform better. Further autopilot trading bots would guide users through easy crypto transactions. They use preset risk strategies while reducing the need for manual intervention in trades.
The platform gives its users the ability to maximize investment returns through its impressive 1000x leverage feature. IntelMarkets also offers dual chain functionality that would allow secure transactions on both Ethereum and Solana blockchains. This could give greater flexibility to users than the competing platforms.
IntelMarkets is becoming famous in the crypto industry because of its AI-based features and the potential to surge 10x after launch.
Ethereum Faces Challenging Market Conditions
Ethereum (ETH) has been facing intense market pressure because its value dropped around 30% this month. In fact, the current ETH/BTC ratio is the lowest it has been since 2021 which shows increasing market difficulties.
The Ethereum price is still trading above $2,000. However the platform is facing challenges because of regulatory concerns, spot ETF reviews, and market decline. The Layer 2 networks and selling pressure from institutions have also caused the Ethereum price to plunge lower.
Source: CoinMarketCap
The ETH token is still at number 2 in the market despite facing challenges. The upcoming EIP-4844 updates could promise to improve both the ETH token’s scalability and transactional performance as a sustainable development. The Ethereum price could experience a rebound if it maintains its support levels.
Yet analysts believe that the volatile market conditions might continue for the Ethereum price. Market experts are closely tracking the performance of the ETH token. However, investors are considering IntelMarkets because of its modern blockchain solutions and presale success.
IntelMarkets Could Potentially Rival Ethereum With 10x Surge
The Ethereum price continues to drop, and IntelMarkets is stepping into the limelight due to its massive presale success. If IntelMarkets reaches even 1% of ETH’s massive market cap of above $267 billion, each INTL token could be around $1.34.
From the current presale price of $0.09, this could mean an increase of over 1,300%. According to this prediction, IntelMarkets could easily experience more than 10x surge after launch.
The platform is also consistently working to improve its presence. IntelMarkets aims to add a Coin Margin Derivatives Contracts feature to its system. This development would allow traders to use Bitcoin and Ethereum as security for crypto futures and perpetual contracts. This feature improves flexibility and liquidity for users.
IntelMarkets has also performed many stress tests to guarantee its users that it can process big volumes of transactions while maintaining speed and security. This constant development and advanced AI-based features could allow IntelMarkets to potentially become the next big rival of the ETH token.
Final Thoughts
The recent swings in the crypto industry have severely affected the Ethereum price. This allowed emerging platforms like IntelMarkets to take the stage with an impressive $11M presale.
Its advanced features and investor confidence could allow INTL to surge 10x after launch and be the potential ETH rival. Now is the best time to invest in the platform before the token price increases in the next stage.
The post The Next Big Ethereum Rival? This Explosive Presale Raised $11M and Is Targeting a 10x Surge appeared first on Coinpedia Fintech News
The era of the Ethereum price hype could be coming to an end. The cryptocurrency market saw a new opportunity when IntelMarkets launched its presale and secured more than $11 million. The platform has a token price of $0.09 which will rise to $0.10 in the next stage. The combination of advanced AI tools with …
robots at IntelMarkets possess self learning capabilities. They can automatically adopt the market trends and learn from their mistakes to perform better. Further autopilot trading bots would guide users through easy crypto transactions. They use preset risk strategies while reducing the need for manual intervention in trades.