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XRP holds $2.80 support as bullish retest signals potential new highs

by admin August 21, 2025

XRP has retraced into the $2.80 support zone, a level reinforced by the 50-day moving average and value area high. Strong bullish volume suggests the current retest could pave the way for another push toward record highs.

Summary

$2.80 support aligns with 50-day MA and value area high.
Current bounce indicates a bullish retest of structural support.
Above-average bullish volume confirms demand, supporting potential breakout to new highs.

The significance of $2.80 cannot be understated for Ripple (XRP). Not only is it a high-time frame support, but it also represents a zone of heavy traded volume. This overlap of structural support and value area positioning makes the level a prime candidate for accumulation.

Key technical points:

$2.80 High-Time Frame Support: Reinforced by the 50-day moving average and the value area high.
Bullish Retest in Play: Current price action shows resilience, maintaining higher highs and higher lows.
Volume Confirmation: Above-average bullish volume signals strong demand and market interest.

XRPUSDT (1D) Chart, Source: TradingView

From a structural perspective, XRP continues to maintain its bullish trajectory. Since reclaiming the point of control earlier this year, the token has enjoyed a series of higher highs and higher lows, a textbook indicator of bullish momentum. The present bounce off $2.80 highlights that the broader trend remains intact despite short-term corrections.

The role of volume at this stage is particularly important. Healthy bullish volume has been observed as price consolidates above the $2.80 mark, indicating that buyers are active and committed at this level. Sustained volume inflows suggest that the correction was less about a breakdown in market structure and more about a technical retest of support. This makes the bounce even more convincing for traders watching closely.

It is worth noting that XRP does not need to immediately break higher from current levels to remain bullish. A period of consolidation above $2.80 would allow the market to establish a firmer base and potentially trap weak sellers before moving higher. Such sideways action is common in bullish markets and often precedes the next impulsive leg.

What to expect in the coming price action

As long as XRP continues to hold above $2.80 with multiple daily closes, the structure remains bullish. Sustained volume and market demand increase the probability of continuation, with a move beyond the swing high likely to open the door for new all-time highs. The current retest is a critical juncture, if buyers maintain control, XRP could soon enter its next phase of bullish expansion.

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August 21, 2025 0 comments

Dow Jones, Nasdaq, S&P 500 down, retailers are split on tariff impact

GameFi Guides

Dow Jones down, Nasdaq gains while S&P 500 nears record highs

by admin June 25, 2025

Tech stocks were led slightly higher as the S&P 500 approached record levels following the Israel–Iran ceasefire.

Major U.S. stock indices were mixed as the S&P 500 approached its all-time high. On Wednesday, June 25, the Dow Jones was down 151.95 points, or 0.35%, while the tech-focused Nasdaq gained 0.24%. The S&P 500 was mostly flat, trading at 6,090 points, close to its February all-time high of 6,144.

Stocks are stabilizing after a major rally earlier this week on the Iran–Israel ceasefire. Just days ago, tensions had threatened to escalate into a broader regional war, with the U.S. facing another potential Middle East entanglement.

Now, markets are adjusting back to their normal dynamics. Crude oil prices also rose 2% to $65 per barrel after dropping from the monthly highs reached during the conflict. On the other hand, tech stocks are gaining as traders see signs of potential rate cuts this year.

Dow Jones Industrial Average heatmap | Source: TipRanks

Nvidia near ATH, Trump looking for Powell’s replacement

In particular, Nvidia had strong gains, rising 3.4% to $152.93. This puts it on track to surpass its intraday all-time high of $153.13, last seen in January. The rally also pushed Nvidia’s market cap to $3.71 trillion, surpassing Microsoft’s $3.65 trillion.

The rally was likely fueled by Bank of America’s guidance on the stock, which identified it as the leader in AI chips. Moreover, Nvidia and the broader AI sector could benefit from the easier monetary policy that U.S. President Donald Trump is advocating.

After months of pressuring Federal Reserve Chair Jerome Powell, Trump stated that he is actively seeking a replacement. The President said he is now down to 3 or 4 candidates to replace Powell as Fed Chair. Trump did not say whether he would fire Powell before his term officially ends in May 2026.

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June 25, 2025 0 comments

GameFi Guides

Can Tron price surge 60% and revisit December highs?

by admin June 17, 2025

Tron price remained consolidated on Tuesday as investors reflected on the new public listing news.

Tron (TRX) was trading at $0.2790, a few points above this week’s low of $0.2670. It has risen by almost 40% from its lowest level this year.

The biggest Tron news is that it will execute a reverse merger with SRM Entertainment, a company that sells branded toys. Dominari Securities, a company with ties to the Trump family, is arranging this merger.

The merger will see SRM accumulate TRX tokens, mimicking the strategy of Strategy, which transformed from a small tech company into the largest Bitcoin (BTC) holder. Strategy’s market capitalization has soared from $1 billion in 2020 to $105 billion today.

The deal comes after the successful Circle IPO, which has pushed its market capitalization to over $33 billion. Other companies in the crypto industry, like Gemini, Galaxy Digital, and Kraken, are also considering going public late this year.

Tron has grown into one of the largest cryptocurrencies, with a market capitalization of over $24 billion. It is also the second most profitable crypto project after Tether.

According to TokenTerminal data, Tron has generated over $3.65 billion in revenue over the past 365 days, with $1.6 billion recorded so far this year. Most of these fees are either burned or distributed to super representatives.

The token-burning mechanism contributes to Tron’s deflationary nature. Its circulating supply has dropped from 96.3 billion in June last year to 94.8 billion today.

Tron price technical analysis

TRX price chart | Source: crypto.news

The daily chart shows that TRX has been in a gradual uptrend in recent months, rising from a February low of $0.20 to $0.2743 today.

The price has moved above the 50-day and 100-day Exponential Moving Averages (EMAs), signaling that bulls remain in control.

Tron has also formed a cup-and-handle pattern, a popular continuation formation, and is currently developing the handle portion. If the pattern holds and TRX breaks above the year-to-date high of $0.2958, a continuation rally toward last year’s high of $0.4497, a roughly 60% upside, becomes increasingly likely.

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June 17, 2025 0 comments

Crypto Trends

Bitcoin Takes Aim At New Highs Despite Bearish Factors

by admin June 16, 2025

Key takeaways:

Bitcoin (BTC) reclaimed $108,000 on Monday after retesting the $104,000 support level over the weekend. The gains came as conflict broke out in the Middle East and investors scaled back expectations for interest rate cuts in the United States, signaling stronger confidence in Bitcoin’s upside potential.

Traders’ sentiment remained steady despite the worsening socio-economic outlook, as shown by Bitcoin derivatives metrics.

Bitcoin 30-day futures annualized premium. Source: Laevitas.ch

The Bitcoin futures premium reached 5% on Monday, the baseline for neutral markets. These monthly contracts typically trade at a 5% to 10% premium to account for the longer settlement period. Although below the 8% recorded in late May, there was little reaction during the $101,000 retest on June 5, indicating market resilience.

US-listed spot Bitcoin exchange-traded funds (ETFs) saw $301.7 million in net inflows on Friday, and Strategy’s announcement of an additional $1.05 billion purchase on Monday helped ease traders’ concerns about a potential economic recession and the adverse effects of the conflict involving Iran, one of the world’s largest oil producers.

US-listed spot Bitcoin ETF net flows, USD. Source: CoinGlass

Oil prices initially surged on Sunday, with West Texas Intermediate (WTI) futures reaching $78 before pulling back. By Monday, WTI futures had dropped to around $71.50 per barrel, a move that coincided with a 1.5% gain in Nasdaq futures. According to Yahoo Finance, market participants expect tensions in the Middle East to ease.

Bitcoin faces hurdles from energy costs and delayed Fed rate cuts

The path for Bitcoin to reclaim $110,000 may be more challenging than expected, as some analysts point to the risk of rising energy prices. Philippe Gijsels, chief strategy officer at BNP Paribas Fortis, told CNBC on Monday that “the market reaction has been very modest, so there is room for disappointment if things were to escalate.”

In addition to concerns over energy markets, heightened uncertainty is also reducing the likelihood of the US Federal Reserve cutting interest rates. Rising inflationary pressure has pushed traders to price in a 63% chance that the Fed will maintain rates at 4% or higher by November, up from 56% a month earlier, according to CME FEDWatch.

Bitcoin 30-day options delta skew (put-call). Source: laevitas.ch

Bitcoin traders’ growing confidence was also evident in the BTC options market, where the 25% delta skew (put-call) dropped to a neutral 1% on Monday, after reaching 6% on Sunday. Readings above 5% are generally seen as bearish, reflecting higher demand for protective put options from market makers and arbitrage desks.

Related: Trump’s Truth Social files S-1 for dual Bitcoin and Ether ETF

Bitcoin is trading just 4% below its $111,965 all-time high from May 22, despite mounting uncertainty and recession fears, while derivatives metrics remain neutral. This environment favors further price appreciation, as bears have failed to trigger panic amid escalating global tensions.

Ed Yardeni of Yardeni Research reportedly noted on Monday that US President Donald Trump “doesn’t seem as ready to pivot away from his trade war as hoped,” adding that the trade war debate is far from being over.

Ultimately, Bitcoin’s path to $112,000 remains closely tied to reduced tariff-related uncertainty, regardless of developments in the Middle East.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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June 16, 2025 0 comments

NFT Gaming

Will the ‘Digital Oil’ Narrative Fuel ETH’s Rally to New Highs Despite Middle East Turmoil?

by admin June 16, 2025

Ether (ETH)

is trading above $2,540, showing strong resilience in the face of market turbulence fueled by heightened geopolitical risk. After briefly dipping to $2,491.72, ETH recovered swiftly, closing higher on above-average volume and validating key support near $2,500, according to CoinDesk Research’s technical analysis model.

Technical indicators suggest renewed momentum, supported by a double-bottom formation and heavy intraday buying near $2,530. ETH open interest stood at $35.36 billion as of 6:05 p.m. UTC on June 16, per CoinGlass data, indicating active institutional positioning.

However, U.S.-listed spot Ethereum ETFs saw $2.1 million in net outflows on Friday, ending a record-setting 19-day inflow streak, according to data from Farside Investors. Despite that, ETH continues to hold its range between $2,500 and $2,800, suggesting bullish sentiment is intact for now.

Helping to support this narrative is a press release issued on Thursday by Etherealize, a group focused on bridging institutional finance and Ethereum. The statement announced the publication of “The Bull Case for ETH,” a comprehensive report backed by ecosystem leaders like Danny Ryan, Grant Hummer, Vivek Raman, and others. The report argues that Ethereum is becoming the essential foundation for a digitally native global financial system.

According to the report’, the global economy is undergoing a generational shift, with financial assets increasingly moving onchain. Ethereum is positioned as the primary settlement layer enabling this transformation due to its decentralization, security, and uptime. The reports says that Ethereum already powers over 80% of all tokenized assets and is the default infrastructure for stablecoins and institutional blockchain deployments.

ETH, the native asset of Ethereum, is described not just as a store of value but also as programmable collateral, computational fuel, and yield-bearing infrastructure. The report claims ETH is vastly underpriced compared to its long-term utility and describes it as “digital oil” — a productive reserve asset underpinning a composable, global financial ecosystem. It argues ETH should be a core holding in any institution’s long-term digital asset strategy, complementing bitcoin’s role as digital gold.

In sum, while macro conditions remain volatile, Ethereum’s market behavior —combined with continued institutional engagement and its growing role as financial infrastructure — suggests ETH could be forming a durable base for a future breakout.

Technical Analysis Highlights

ETH traded between $2,500.43 and $2,554.69, closing near session highs at $2,542.
A double-bottom structure developed near $2,495–$2,510, supported by above-average volume.
Resistance was tested at $2,553, but a strong hourly close on 158,553 ETH volume signals renewed momentum.
A V-shaped bounce followed a low at $2,529, driven by spikes at 13:43 and 13:46.
Continued buying could push ETH toward $2,575–$2,600 short term.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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June 16, 2025 0 comments

GameFi Guides

Shiba Inu’s Shibarium Skyrockets 7,154% as Adoption Hits New Highs

by admin June 11, 2025

Shiba Inu’s layer 2 platform, Shibarium, has seen a 7,154% surge, gaining market attention. Shibarium daily transactions increased by 7,154% in just five days, from 63,820 on June 4 to 4.63 million on June 9.

Shibarium transactions flatlined in late May to early June, as profit-taking and macroeconomic uncertainty triggered declines on the market, causing investor optimism to wane.

The recent surge in daily transactions suggests a comeback, which is reflected in other Shibarium measures.

Shiba Inu adoption hits new highs

The Shiba Inu ecosystem is gaining traction, with SHIB holders hitting a new all-time high.

Bitcoin Sell-Off Warning? Miner-To-Exchange Transfers Hit Historic Highs

by admin June 7, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) experienced a mild sell-off yesterday, hitting a daily low of $100,372 on Binance crypto exchange. However, recent on-chain data suggests the price slump may persist, as BTC miners continue transferring coins to exchanges at unprecedented levels.

Bitcoin Miners-To-Exchange Transfers Hit Record High

According to a recent CryptoQuant Quicktake post by contributor CryptoOnchain, the total realized inflow from Bitcoin miners to exchanges has surged to historic highs. This spike likely contributed to the recent price tumble from the mid-$100,000 range.

For the uninitiated, Bitcoin miners’ total realized inflow to exchanges measures the actual amount of BTC that miners have transferred from their wallets to cryptocurrency exchanges. A sharp rise in this metric typically signals that miners are selling more of their holdings, which can increase supply in the market and potentially drive prices down.

CryptoOnchain shared the following chart showing miners’ inflows surpassing $1 billion per day between May 19 and May 28, 2025. If this trend continues, BTC could face a deeper correction, potentially falling into the low $90,000 range.

Source: CryptoQuant

A similar trend was observed earlier this year in January when BTC was in the midst of a historical rally, creating multiple new all-time highs (ATH) in quick succession. At the time, BTC miners offloaded close to 140,000 coins for roughly $13.72 billion.

Meanwhile, seasoned crypto analyst Ali Martinez pointed out another bearish signal. In an X post, he noted that the Bitcoin Market Value to Realized Value (MVRV) ratio has fallen below its 200-day simple moving average (SMA) – a sign that may lead to further selling pressure.

Source: ali_charts on X

When the MVRV ratio falls below its 200-day SMA, it suggests that the average market participant is holding Bitcoin at a loss or near break-even. This often indicates bearish sentiment or undervaluation, which can trigger further selling among small investors.

BTC Holders Cautiously Optimistic

Adding to the rising uncertainty, yesterday’s public feud between US President Donald Trump and Elon Musk further dampened market sentiment. Some analysts now predict BTC could fall as low as $96,000.

Fellow crypto analyst Anup Ziddi made a similar bearish forecast. The analyst recently stated that as long as BTC remains below $107,000, its chances of further crashes will remain elevated.

That said, there are still reasons for cautious optimism. Recent on-chain data shows that new Bitcoin whales are aggressively accumulating the asset, reinforcing the potential for a future supply squeeze. At press time, BTC is trading at $104,963, up 0.2% in the past 24 hours.

BTC trades at $104,963 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant, X, and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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June 7, 2025 0 comments

Crypto Trends

Bitcoin Big Money Moves: Whale Wallet Addresses Increase Sharply Post-BTC Rally To New Highs

by admin May 29, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Following a sudden wave of volatility that caught the general crypto market off guard, the Bitcoin price, which had recently hit a new all-time high, has now declined to the $107,000 threshold. However, BTC’s recent rally to a new high has since triggered heightened interest in the flagship digital asset, as evidenced by a sharp increase in the count of major investors.

Large Bitcoin Investors’ Interest Soars

In the wake of Bitcoin’s explosive rally to a new all-time high, a notable performance has been observed among BTC whales, also regarded as seasoned investors. During this period of bullish movements, these large investors have steadily increased in size and accumulation of the digital asset.

The sharp increase in whale participants was reported by Santiment, a leading market intelligence and on-chain data platform, in a recent post on the X platform. According to the on-chain platform, this bullish behavior is mainly seen among whale wallet addresses holding between 100 BTC and 1,000 BTC.

Data from the platform reveals that the number of these big wallet addresses has grown by an additional 337 wallets in the past 6 weeks, indicating a resurgence of robust confidence and accumulation by high-net-worth investors. This kind of euphoria among big investors often implies a bullish short-term outlook for BTC’s price.

BTC whales are accumulating more coins | Source: Santiment on X

It is essential to note that no wallet tier has been more closely correlated with cryptocurrency markets over the last five years of Bitcoin’s existence than the actions of whales holding between 100 and 1,000 BTC. The increase in large-holder wallets suggests that long-term investors and institutional players may be positioning themselves for further growth, which could support the next phase of the ongoing bull market.

Santiment’s data further shows that these investors have massively accumulated BTC in the past 6 weeks. During this period, the cohort has purchased over 122,330 BTC, suggesting a strong conviction in the flagship asset’s long-term prospects.

Historically, it is shown that a surge in whale presence and buying activity has preceded significant market movements. As a result, this development might play a crucial role in BTC’s next major move.

A Rise In Optimism Among BTC Whales

Since Bitcoin gained traction, whales have been returning to the market at a noticeable rate. Glassnode, a leading data analytics platform, also reported a similar bullish trend among larger investors, particularly wallet addresses holding 1,000 BTC or more.

According to the on-chain platform, the cohort is increasing again after declining in late April. Data shows that the number of these large investors has reached 1,455 entities even as BTC’s price surged to a new all-time high days ago.

Another indication that large investors are becoming extremely bullish about BTC once again is the rise in long positions. João Wedson asserted that whales are starting to go long compared to retail investors currently, as the asset hovers above the $107,000 level.

BTC trading at $107,826 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 29, 2025 0 comments

GameFi Guides

Jupiter rallies 15%, reclaims May highs as DeFi narrative heats up

by admin May 27, 2025

Jupiter token rebounded to its highest levels in months as traders react to the upcoming launch of a decentralized lending platform.

The Solana-based DeFi protocol Jupiter (JUP) is back in the spotlight. On Monday, May 26, Jupiter token was trading gained 15% in 24 hours. Trading at $0.61, the token rebounded to the levels last seen in March, as traders reacted to the protocol’s expansion plans.

The primary catalyst behind JUP’s rise is the anticipated launch of Jupiter Lend, a decentralized lending platform set to go live in the summer of 2025. Announced on Thursday, May 22, the platform aims to become “the most advanced money market on Solana.”

According to the protocol, Jupiter Lend will offer a loan-to-value ratio of up to 90%, significantly higher than the 75% offered by most crypto lending platforms. Platform fees are expected to be as low as 0.1%.

Jupiter rises on DeFi growth on Solana

As the largest dApp on Solana, Jupiter DEX aggregator benefits significantly from Solana’s (SOL) growing ecosystem. Notably, by July, 42% of all Solana DEX transactions are routed through Jupiter. At the same time, the platform has 95% of the DEX aggregator market share.

For this reason, the latest increase in Solana’s DeFi metrics also contributed to Jupiter’s growth. Specifically, the value of all memecoins on Solana has reached $14 billion, significantly higher than the July low of $6 million.

Solana’s network activity is also accelerating. Weekly transactions rose 7.3% to 462.5 million, while active addresses climbed above 34.7 million. Notably, Solana now processes more weekly transactions than all other chains combined. In terms of active addresses, it leads by a wide margin, with Base in second place at 9.2 million.

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May 27, 2025 0 comments

Crypto Trends

What’s Next for XRP, DOGE, SOL as BTC Breaks Record Highs?

by admin May 25, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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May 25, 2025 0 comments