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Ethereum Price Losses Steady: Is a Rebound Brewing?

Ethereum price started a minor recovery wave above the $3,200 zone. ETH is struggling and might continue to move down if it stays below $3,320. Ethereum started a minor recovery wave from the $3,160 zone. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,320 resistance level. Ethereum Price Faces Resistance Ethereum price started a short-term recovery wave from the $3,160 level, like Bitcoin . ETH was able to recover above the $3,200 and $3,220 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $3,743 swing high to the $3,160 low. There is also a connecting bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD. However, the bears are active below the $3,320 and $3,350 levels. Ethereum price is now trading below $3,320 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $3,300 level. The first major resistance is near the $3,320 level. The main resistance is now forming near $3,450 and the 50% Fib retracement level of the downward move from the $3,743 swing high to the $3,160 low. A clear move above the $3,450 resistance might send the price toward the $3,500 resistance. An upside break above the $3,520 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,320 resistance, it could start another decline. Initial support on the downside is near the $3,250 level and the trend line. The first major support sits near the $3,220. A clear move below the $3,220 support might push the price toward the $3,160 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,220 Major Resistance Level – $3,320 CoinOtag

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Ripple’s American Banker’s Association Membership. Why It’s Big deal

Ripple’s recent elevation to platinum membership in the American Bankers Association (ABA) is a significant development in the company’s strategy to integrate with traditional banking systems. As noted by crypto advocate Max Avery, this move highlights Ripple’s intent to position its payment solutions, XRP, and the XRP Ledger (XRPL) as foundational technologies for future banking operations in the United States. Let`s talk about Ripple`s American Banker`s Association membership. It`s no surprise that they want to position Ripple payments, #XRP & the #XRPLedger for more bank partnerships. 1/8 — Max Avery (@realMaxAvery) January 10, 2025 The Role of the ABA in the Banking Industry The ABA serves as the collective voice of America’s banking sector, representing over 4,000 banks. Its members collectively safeguard $18 trillion in deposits, extend nearly $11 trillion in loans, and employ over two million individuals. Ripple’s platinum membership status signifies its inclusion in this influential network, granting the company direct access to key decision-makers and the opportunity to influence the future of banking technology. Ripple’s Strategy and Market Positioning Ripple has long been recognized for its focus on providing efficient, cost-effective, and sustainable cross-border payment solutions. By aligning itself with the ABA, Ripple gains a platform to promote its technologies, including XRP and the XRPL, as solutions to some of the banking industry’s most pressing challenges. The company’s branding as “a green digital asset for a world without economic borders” aligns well with the growing demand for sustainable financial solutions. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This membership status also allows Ripple to work more closely with ABA member banks, which collectively represent over 95% of the U.S. banking industry’s $13.5 trillion in assets. With the average ABA member bank holding $250 million in assets, Ripple’s engagement with this group could pave the way for widespread adoption of its technology within the U.S. financial system. Implications of Regulatory Clarity A major obstacle to Ripple’s expansion in the United States has been the lack of regulatory clarity surrounding XRP. The conclusion of the SEC’s legal case against Ripple is expected to address these uncertainties, creating an environment in which U.S. banks can explore XRP and XRPL integration without fear of legal repercussions. Max Avery and other industry observers anticipate that this clarity will lead to public announcements of partnerships that have likely been in development but withheld due to regulatory ambiguity. As Max Avery points out, Ripple’s inclusion in the ABA signals that the company is now part of the banking industry’s “inner circle.” This strategic positioning, combined with the anticipated resolution of regulatory issues, could open the floodgates for utility-driven crypto adoption across the U.S. banking system. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple’s American Banker’s Association Membership. Why It’s Big deal appeared first on Times Tabloid . CoinOtag