6 hours ago
Bitcoin price is attempting a recovery wave above the $93,200 zone. BTC is rising and might face resistance near the $97,500 zone. Bitcoin started a recovery wave above the $95,000 zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,450 support zone. Bitcoin Price Regains Traction Above Below $95K Bitcoin price started a short-term recovery wave above the $92,000 zone. BTC was able to climb above the $93,500 and $94,200 levels. The bulls were able to push the price above the key barrier at $95,800. The price even cleared $97,000. A high was formed at $97,431 and the price is now consolidating gains and is well above the 23.6% Fib retracement level of the upward move from the $89,115 swing low to the $97,431 high. There is also a connecting bullish trend line forming with support at $96,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $95,000 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $97,450 level. The first key resistance is near the $98,000 level. A clear move above the $98,000 resistance might send the price higher. The next key resistance could be $98,800. A close above the $98,800 resistance might send the price further higher. In the stated case, the price could rise and test the $100,000 resistance level. Any more gains might send the price toward the $102,500 level. Another Drop In BTC? If Bitcoin fails to rise above the $98,800 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $96,000 level and the trend line. The first major support is near the $94,500 level. The next support is now near the $93,200 zone or the 50% Fib retracement level of the upward move from the $89,115 swing low to the $97,431 high. Any more losses might send the price toward the $92,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $96,000, followed by $94,500. Major Resistance Levels – $97,450 and $98,800.
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Chainlink Launches Cross-Chain Token (CCT) Standard, LINK Adds 6%
On Jan. 15, the Chainlink team announced that the Cross-Chain Interoperability Protocol v1.5 upgrade was now live on mainnet for all developers. The upgrade empowers developers to take their tokens cross-chain “in a self-serve manner” and deploy Cross-Chain Tokens (CCTs) across more than twenty blockchains in minutes, it added. CCIP is a secure and easy-to-use protocol for transferring tokens and messages across various blockchains. New Chainlink CCT Standard The CCIP v1.5 introduces the Cross-Chain Token (CCT) standard, explained Chainlink. The new standard offers developers “full control and ownership, enhanced programmability, and zero-slippage transfers,” it added. “CCIP v1.5 marks a major upgrade to the CCIP developer experience, making it easier than ever to onboard new or existing tokens to the CCT standard and integrate CCIP into cross-chain applications.” It stated that CCTs do not require developers to inherit any CCIP-specific code within their token’s smart contract, and they can deploy pre-audited coin pool contracts to turn any ERC-20-compatible asset into a CCT. The upgrade also includes a CCIP Token Manager which provides a streamlined user interface for developers to launch and manage CCTs. The Chainlink CCIP v1.5 upgrade is now live on mainnet for all developers. This release empowers devs to take their tokens cross-chain in a self-serve manner, deploy Cross-Chain Tokens (CCTs) across 20+ blockchains in minutes, & much more. Full details ↓ pic.twitter.com/9xzahbZVzb — Chainlink (@chainlink) January 14, 2025 Developers can also manage CCT deployments with “Smart Accounts,” which will require approvals from multiple owners to authorize transactions, it added. CCIP will also help increase access to bridged USDC to “help prevent liquidity fragmentation and accelerate DeFi adoption across the multi-chain ecosystem,” it stated. Chainlink community ambassador Zach Rynes tested out the system, reporting that he created a Cross-Chain Token called CLG in a couple of minutes and transferred it between layer-2 networks Base and Arbitrum. Chainlink CCIP v1.5 is awesome I just created a Cross-Chain Token called $CLG in a couple minutes and transferred it between @base and @arbitrum Fully permissionless and no coding required, just used the new CCIP Token Manager to create the token and @transporter_io to… pic.twitter.com/ptpLlVWd17 — Zach Rynes | CLG (@ChainLinkGod) January 14, 2025 In early January, Chainlink partnered with Ripple to accelerate the adoption of the cross-border payments firm’s stablecoin, Ripple USD (RLUSD). LINK Prices Up The protocol’s native token, LINK, gained around 6% on the day to reach an intraday high of $20.60 during early trading in Asia on Wednesday. Like most altcoins, LINK has taken a beating over the past month, falling around 30% from its mid-December high of just over $30. According to Santiment, whales have bought 1.35 million LINK over the past 24 hours, pushing its price back to resistance at $20 following a dip to $18.24 on Monday. The next resistance zone to overcome is around the $24 level, where LINK last tapped on Jan. 6. The post Chainlink Launches Cross-Chain Token (CCT) Standard, LINK Adds 6% appeared first on CryptoPotato . NewsBTC
XRP: Optimism Builds for a Potential Rally to $4 and Beyond
Despite a recent market-wide correction, traders remain optimistic about XRP’s future. The asset’s recent 7-year high, positive court developments, and ongoing ecosystem advancements have bolstered confidence within the community. Many see XRP as a standout performer in the crypto sector, with a bright outlook ahead. As crypto markets have been hanging on to precious support levels, the community`s sentiment toward top caps remain in very different positions: Bitcoin $BTC : With a market value just above $92K, crypto`s top asset has disappointed traders over the past 4 weeks now. But… pic.twitter.com/B71JGFtJPI — Santiment (@santimentfeed) January 13, 2025 Bullish Technical Setup Points to Further Gains XRP currently exhibits one of the most bullish technical setups in the cryptocurrency market. Following a successful retest of its breakout zone, the asset appears poised for a significant rally. According to crypto trader CRYPTOWZRD, XRP has “flipped previous resistance into support,” positioning it for a potential climb to $4.00 in the short term, with a higher target of $8.00 on larger time frames. $XRP has one of the most bullish setups in crypto right now after the recent retest of the breakout zone! pic.twitter.com/YPjgv2MPzF — Ali (@ali_charts) January 14, 2025 Additionally, the XRP/BTC trading pair is approaching a critical 30-day resistance level. Clearing this resistance could pave the way for a sustained rally and further upside momentum. $XRP has one of the most bullish setups in crypto right now after the recent retest of the breakout zone! pic.twitter.com/YPjgv2MPzF — Ali (@ali_charts) January 14, 2025 Institutional Interest and ETF Approval Prospects XRP is also gaining attention from institutional investors. JPMorgan has forecasted that XRP and Solana-based ETFs could draw between $3 billion and $8 billion in new investments if approved. Decisions from the U.S. Securities and Exchange Commission (SEC) on these ETFs are expected by late January, potentially acting as a major catalyst for XRP’s price movement. BREAKING: JPMorgan predicts Solana and $XRP ETFs could attract $3–8 billion in new investments if approved, with SEC decisions expected by late January. pic.twitter.com/Nt023Hvg0C — Cointelegraph (@Cointelegraph) January 14, 2025 Conclusion With strong technical indicators, growing institutional interest, and positive sentiment from the trading community, XRP is positioned as a promising contender for significant gains in 2024. As the market watches for ETF approval and key resistance breakouts, XRP could be on track for a rally to $4 and beyond, making it one of the most closely monitored assets in the crypto space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: garloon/ 123RF // Image Effects by Colorcinch NewsBTC
