XRP has been trading in a decline over the past few days alongside the broader cryptocurrency market. However, despite this lull, the XRP price has managed to maintain its critical support levels and is currently positioning itself for a potential recovery. Related Reading: Ethereum Investment: Trump Crypto Project Grabs 722 ETH At $2.5 Million Interestingly, technical analysis highlights the $2.20 mark as a key level to watch for XRP going forward. This was noted in an analysis by popular crypto analyst Ali Martinez, who emphasized that XRP’s next major move could hinge on its outcome on this threshold. Key Levels To Watch: $2.20 Support And $2.70 Resistance The cryptocurrency market has faced significant selling pressure since December 17 led by Bitcoin’s break below support levels, leading to notable price corrections across various cryptocurrencies. XRP, in particular, saw its price fall from $2.708 on December 17 to bottom at $1.98 on December 20. This represented a 27% in three days. After it reached $1.98, the XRP price rebounded and regained the $2 price level. As it stands, XRP is now trading around $2.2, although it is still down by 7% in the weekly timeframe. XRP’s movement around the $2.2 price level has captured the attention of crypto analyst Ali Martinez, who suggested two ways the cryptocurrency can go from here. According to Ali Martinez, XRP’s ability to hold above the $2.20 support is crucial for its short-term bullish outlook. If this level remains intact, the token might enter a consolidation phase, but another attempt at the $2.70 resistance remains in play. From here, a strong bullish momentum above $2.7 could as well send the cryptocurrency above $3 for the first time in years. On the other hand, a break below $2.20 could trigger another quick XRP price decline toward $1.96 before it starts to attract fresh buying interest. Image From X: ali_charts Whale Accumulation Up Amid Crypto Market Correction On-chain data from Santiment suggests that XRP has captured the interest of whales during this recent downturn. Wallets holding between 1 million and 10 million XRP coins have accumulated an additional 80 million XRP since December 17, which points to strong confidence in the token’s long-term potential among whale addresses. This accumulation could provide a cushion against further declines below the $2 mark and set the stage for an eventual recovery. Related Reading: Dogecoin Dives: $29 Million Disappears During Market Collapse —Data Adding to the bullish outlook, technical analysis of the XRP price using Elliot impulse waves suggests that the recent crash below $2 might be the end of the second impluse wave, which is a corrective wave. With this in mind, bullish impulse wave 3 is expected to start anytime soon. At the time of writing, XRP is trading at $2.27. Featured image from Tech Xplore, chart from TradingView
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240,000 Credit Union Customers Exposed As Hackers Access Trove of Sensitive Data: Report
A South Carolina credit union says 240,000 customers have been exposed in an apparent cyberattack. SRP Federal Credit Union, one of the largest in the state with over $1.6 billion in assets as of 2022, filed breach notifications with regulators in Maine and Texas on December 13th, The Record reports . A law enforcement investigation discovered hackers had accessed the bank’s internal systems multiple times between September 5th and November 4th, 2024. SRP says the hackers “potentially acquired certain files from our network during that time.” While SRP hasn’t publicly stated what specific information was stolen from them, The Record reports that the credit union told Texas regulators that Social Security numbers, driver’s license numbers, dates of birth and financial information like account numbers as well as credit or debit card numbers are compromised. According to cyber security management and threat analysis firm Hackmanac, a well-known ransomware group called Nitrogen took credit for the attack, which claimed to also have customers’ full names and credit ratings. “Nitrogen ransomware group claims to have breached SRP Federal Credit Union. Allegedly, 650 GB of confidential customer data, including full names, SSNs, DOBs, addresses, account numbers, and credit ratings, were exfiltrated.” Source: Hackmanac/X Despite Nitrogen’s claims, SRP has not said whether it was a ransomware attack, and reportedly told regulators that the hack didn’t impact its online banking system or core processing systems. Earlier this year, Nitrogen took credit for six other victims , including five US firms and one Canadian company, according to Hackmanac. Several law firms are now investigating claims from SRP customers in regard to the breach. 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 240,000 Credit Union Customers Exposed As Hackers Access Trove of Sensitive Data: Report appeared first on The Daily Hodl . NewsBTC
Max Keiser Critiques Michael Saylor’s Proposal for a Bitcoin-Based Stablecoin
Keiser criticizes Saylor`s proposal as unfeasible due to dollar policies. El Salvador`s Bitcoin strategy aims to enhance economic transparency. Continue Reading: Max Keiser Critiques Michael Saylor’s Proposal for a Bitcoin-Based Stablecoin The post Max Keiser Critiques Michael Saylor’s Proposal for a Bitcoin-Based Stablecoin appeared first on COINTURK NEWS . NewsBTC