
Ripple’s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump’s reelection. Trading below $1 for most of 2024, XRP hits its stride days after the November elections, breaking the $1 level on November 6th, and the $2 barrier by December 2nd, then surging past $3.30 on January 18th. Now, Ripple is back in the news for moving 200 million XRPs valued at around $457 million. This massive transfer, often associated with “whale transactions,” caught the attention of many and has led many to speculate. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? Is The SEC-Ripple Case Nearing Its Settlement? The latest XRP transfer caught the attention of Whale Alert (@whale_alert) and was promptly re-circulated on the popular platform. Interestingly, Ripple regularly transfers XRPs, including its scheduled release of 1 billion XRP monthly from its escrow to sustain the token’s circulation. Although the majority of Ripple’s transactions are routine, this recent transaction gained some attention for its size and timing. ???? ???? ???? ???? ???? ???? ???? ???? ???? ???? 200,000,000 #XRP (457,581,314 USD) transferred from #Ripple to unknown wallethttps://t.co/XRE0jAsB40 — Whale Alert (@whale_alert) March 13, 2025 Market Waiting For Decision On SEC Vs. Ripple Ripple’s latest huge asset transfer comes when the SEC’s case against Ripple is nearing its settlement. According to some reliable sources, the delay in the case’s resolution is caused by Ripple’s efforts to negotiate a favorable settlement. One controversial issue in the case is the August district court ruling, which fined Ripple $125 million and restricted the company from selling its native token to institutional buyers. XRP’s Price Roadmap As Ripple continues its negotiations with the SEC, investors and traders actively watch the token’s market performance. According to some analysts, the token has already completed its price correction using a four-hour time frame. There are plenty of price predictions for XRP, with some commentators saying it can initially hit $2.42 before making a run. Once XRP’s price emerges from the “Ichimoku clouds”, it is expected to hit higher highs. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround Currently, the token’s support is at $2.04 and $2.22, and many expect XRP to face short-term volatility. However, the token’s biggest push will come from a favorable resolution of its SEC case and if it happens, analysts expect the price to reach $4.25, or even $5.80. Featured image from Newsbit, chart from TradingView
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Expert identifies Solana’s path to $4,000

A trading expert has identified a technical setup that could see Solana ( SOL ) target the $4,000 mark as the decentralized finance ( DeFi ) asset continues to establish its price above the $100 support zone. According to Ali Martinez, Solana has the potential to surge by a staggering 2,900%, pointing to the formation of a cup and handle pattern as a strong indicator of a bullish trend, he said in an X post on March 14. Solana price analysis chart. Source: Ali Martinez Martinez noted that since November 2021, Solana has experienced a U-shaped decline, followed by a level-off phase, which is now evolving into the pattern’s “handle.” This technical formation is often seen as a precursor to a major upward movement in price. The cup and handle pattern is bullish, where the price forms a rounded bottom (the cup) followed by a consolidation phase (the handle). A breakout above the resistance level signals a potential rally. Martinez suggested that Solana could break the $200 resistance, paving the way for a surge toward $4,000. He emphasized that if Solana can decisively break above the $200 mark, the odds of a continued bullish rally increase significantly. In this case, a $4,000 valuation would likely elevate Solana to the highest-ranked digital asset with a market cap exceeding $2 trillion, provided Bitcoin ( BTC ) stagnates during this period. Meanwhile, another analysis by Ted Pillows in an X post on March 14 also stressed the significance of Solana holding the $110 level, as dropping below this mark could usher in a sustained correction for SOL. Solana price analysis chart. Source: Ted Pillows The expert stated that Solana stands at a key juncture, considering its retest of a multi-year support zone and a long-term uptrend line. Historically, these levels have provided strong buying opportunities. He highlighted the importance of the $110 to $120 zone, noting that failure to hold support could open the door for a deeper correction of 30% to 40%. However, a successful bounce could signal a reversal, with a potential upside if bullish momentum returns. Solana price fundamentals Although technical indicators are crucial to Solana’s next price trajectory, other fundamentals are also coming into play, with the spot exchange-traded fund ( ETF ) ranking as a key factor. Several entities have applied for the product with the Securities and Exchange Commission ( SEC ). On March 11, the SEC postponed its decision on multiple altcoin ETFs, including those for XRP , Solana, Litecoin ( LTC ), and Dogecoin ( DOGE ). The agency extended its review period, pushing decisions on Grayscale’s XRP ETF and Cboe BZX’s Solana ETF to May. SEC ETF verdict. Source : SEC Notably, Bloomberg ETF analyst James Seyffart called the delay “expected,” noting that final deadlines extend until October. Fellow analyst Eric Balchunas added that other ETF proposals, including one for Ethereum ( ETH ) staking, were also delayed. Eth staking and in-kind also delayed. Everything delayed. It`s like the NYC-bound Amtrak on monday morning: "Mechanical issues in DC" — Eric Balchunas (@EricBalchunas) March 11, 2025 The SEC has previously extended crypto ETF decisions amid leadership changes following Gary Gensler’s exit from the regulator. Although part of Solana’s momentum last year was driven by meme coin activity on its network, an ETF approval could help broaden SOL’s appeal and attract long-term investors. On the other hand, a proposal to slash Solana’s inflation rate by 80% (SIMD-228) has failed to pass after falling short of the required 66.67% approval. Despite securing 61.39% “Yes” votes, opposition from smaller validators tipped the balance, keeping SOL issuance unchanged. The decision could lead to short-term selling pressure, as lower inflation would have reduced token supply, potentially driving up SOL’s price. However, higher rewards may sustain validator participation and network security, a long-term positive. SOL price analysis As of press time, Solana was trading at $133.10, well below its 50-day ($183.93) and 200-day ($186.79) moving averages ( MA ), signaling a strong downtrend. The asset’s market sentiment remains bearish, with the Fear & Greed Index at 27 (Fear). However, the 14-day relative strength index ( RSI ) stands at 35.38. SOL must reclaim $150 and break above key resistance levels to reverse the bearish trend. Until then, downside risks remain in play. Featured image via Shutterstock The post Expert identifies Solana’s path to $4,000 appeared first on Finbold . NewsBTC

Could POPCAT Experience Extended Recovery Following Robinhood Listing?
The recent surge of memecoins like POPCAT and PNUT following their listing on Robinhood showcases the potential volatility and excitement in the crypto market. Following this notable listing on March NewsBTC