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XRP has surged nearly 2% in a day, aligning with the broader market recovery. This rebound follows the completion of a correction phase, with technical indicators suggesting a potential bullish breakout. Despite the short-term gains, XRP remains under pressure. As of press time, the token was trading at $2.17, with a 12% decline over the past week and an almost 10% drop on the monthly time frame. However, technical indicators and institutional interest are fueling optimism for a potential reversal. XRP one-day price chart. Source: Finbold XRP’s path to a breakout According to analyst DarkDefender , XRP has finalized its correction on the four-hour timeframe, hinting at a potential shift in momentum. On the daily chart, the asset is showing signs of recovery, with key indicators pointing toward a possible trend reversal. XRP price analysis chart. Source: DarkDefender/X Notably, XRP has successfully broken above a crucial resistance , hinting at a bullish momentum. However, a decisive move above the Ichimoku Cloud remains key to confirming a sustained upside move. If XRP maintains its momentum, the next major target sits at $2.42, with a potential run toward $4.29 and $5.85. A failure to hold above key resistance levels could lead to another period of consolidation before the next breakout attempt. On the downside, support remains at $2.22 and $2.04. Market fundamentals boost optimism One of the biggest catalysts behind XRP’s latest rally is Franklin Templeton’s filing for a spot XRP ETF in the United States. With $1.5 trillion in assets under management, the firm’s move is widely seen as a major institutional endorsement of XRP’s long-term potential. Franklin Templeton joins an expanding list of financial giants, including Bitwise, Grayscale, and WisdomTree, in pushing for an XRP-based ETF. The market is reacting strongly, with the probability of a U.S. spot XRP ETF approval in 2025 surging to 73%, according to Polymarket. JPMorgan analysts estimate that if approved, an XRP ETF could attract between $3 billion and $6 billion in net inflows within its first year, injecting substantial buying pressure into the asset. The potential listing of an XRP ETF would further legitimize XRP as a mainstream investment vehicle, strengthening its market appeal to institutional investors. XRP sees rising institutional inflows amid market shifts XRP continues to attract institutional capital, standing out amid shifting market dynamics. While Bitcoin ( BTC ) recorded $756 million in outflows last week, XRP saw $5.6 million in inflows, according to CoinShares report . With institutional inflows rising and technical indicators signaling a bullish reversal, XRP’s ability to reclaim key resistance levels will be critical in determining whether it can sustain its upward trajectory. However, market volatility and supply-side factors continue to add layers of complexity to its performance, making the weeks ahead crucial for XRP’s long-term outlook. Featured image via Shutterstock The post This technical pattern sets XRP’s price next stop appeared first on Finbold .
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Shaply challenges your brain with colorful puzzles. Enjoy simple rules and complex strategies. Continue Reading: Join the Colorful Challenge of Shaply and Test Your Brainpower! The post Join the Colorful Challenge of Shaply and Test Your Brainpower! appeared first on COINTURK NEWS . Finbold
![A pro-crypto Congressman says central bank digital currencies (CBDCs) are a tool to upend the American way of life as he pushes for legislation to prevent their existence. In a new press release, Republican Congressman Tom Emmer of Minnesota says he’s introducing a bill that would codify President Donald Trump’s executive order to ban CBDCs into law as he believes they stand against American principles. “The bill is simple: It halts the efforts of unelected bureaucrats from ever issuing a central bank digital currency that could upend the American way of life. This bill has the support of over 100 Members of Congress and groups ranging from the Independent Community Bankers Association and the American Bankers Association to Club for Growth, Heritage Action, and the Blockchain Association. CBDC technology is inherently un-American and I’m grateful to President Trump for understanding this and signing an executive order banning CBDCs as one of his first actions as President. My bill would codify the executive order into law and prevent a future administration from creating such an obvious tool for financial surveillance against its own citizens.” CBDCs are government-backed digital assets issued by a nation’s central bank that represent its fiat currency. Emmer first introduced a similar bill in 2022 that aimed to stifle the government from issuing CBDCs, at the time saying they would hurt the dominance of the US dollar and allow the state to keep tabs on citizens’ financial transactions. “[A]s other countries like China develop CBDCs that fundamentally omit the benefits and protections of cash. It is more important than ever to ensure the United States’ digital currency policy protects financial privacy, maintains the dollar’s dominance and cultivates innovation. CBDCs that fail to adhere to these three basic principles could enable an entity like the Federal Reserve to mobilize itself into a retail bank, collect personally identifiable information on users and track their transactions indefinitely.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post CBDCs ‘Obvious Tool for Financial Surveillance’ Against Americans, Says Congressman Emmer Amid New Stablecoin Bill appeared first on The Daily Hodl .](/image/67d1e7e985ea2.jpg)
CBDCs ‘Obvious Tool for Financial Surveillance’ Against Americans, Says Congressman Emmer Amid New Stablecoin Bill
A pro-crypto Congressman says central bank digital currencies (CBDCs) are a tool to upend the American way of life as he pushes for legislation to prevent their existence. In a new press release, Republican Congressman Tom Emmer of Minnesota says he’s introducing a bill that would codify President Donald Trump’s executive order to ban CBDCs into law as he believes they stand against American principles. “The bill is simple: It halts the efforts of unelected bureaucrats from ever issuing a central bank digital currency that could upend the American way of life. This bill has the support of over 100 Members of Congress and groups ranging from the Independent Community Bankers Association and the American Bankers Association to Club for Growth, Heritage Action, and the Blockchain Association. CBDC technology is inherently un-American and I’m grateful to President Trump for understanding this and signing an executive order banning CBDCs as one of his first actions as President. My bill would codify the executive order into law and prevent a future administration from creating such an obvious tool for financial surveillance against its own citizens.” CBDCs are government-backed digital assets issued by a nation’s central bank that represent its fiat currency. Emmer first introduced a similar bill in 2022 that aimed to stifle the government from issuing CBDCs, at the time saying they would hurt the dominance of the US dollar and allow the state to keep tabs on citizens’ financial transactions. “[A]s other countries like China develop CBDCs that fundamentally omit the benefits and protections of cash. It is more important than ever to ensure the United States’ digital currency policy protects financial privacy, maintains the dollar’s dominance and cultivates innovation. CBDCs that fail to adhere to these three basic principles could enable an entity like the Federal Reserve to mobilize itself into a retail bank, collect personally identifiable information on users and track their transactions indefinitely.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post CBDCs ‘Obvious Tool for Financial Surveillance’ Against Americans, Says Congressman Emmer Amid New Stablecoin Bill appeared first on The Daily Hodl . Finbold
