Tag:

XRP

XRP Price Stagnation Can’t Be Blamed on Lawsuit Anymore, Analyst Says

by admin September 22, 2025

Bill Morgan, a lawyer and a prolific XRP commentator, argued that the community can no longer blame all of the token’s woes on the U.S. Securities and Exchange Commission (SEC) now that the long-standing lawsuit has run its course.

Particularly, the legal battle can no longer be used for explaining XRP’s flat price action.

The popular token has been severely underperforming despite some positive developments (such as the launch of the first “spot” XRP ETF in the U.S. and Ripple’s extended partnership with Spanish banking behemoth Banco Bilbao Vizcaya Argentaria (BBVA).

At press time, the Ripple-linked token is changing hands at $2.90, down 4% over the past 24 hours.

Shattered narrative?

The XRP community has long argued that the token was a major laggard due to legal uncertainty stemming from the SEC’s lawsuit against Ripple.

XRP Burns Going to 0: Crucial Metric Plunge Raises Questions

by admin September 22, 2025

XRP’s fees disappear
XRP in descending channel

When it comes to tokenomics, XRP has always functioned differently from Ethereum or Shiba Inu. While SHIB actively destroys supply through coordinated burns and ETH introduced a fee-burning mechanism through EIP-1559, XRP’s burn is exclusively connected to transaction fees on the Ripple network. XRP is only ever destroyed once users complete transactions, in which case the fee, typically a penny or less, is permanently taken out of circulation.

XRP’s fees disappear

The quantity of XRP burned as fees has drastically declined over the last three months, becoming almost insignificant at this point. As of Sept. 21, data indicates that only 163 XRP had been burned in a single day, which is a significant decline from the July and early August peaks when network activity momentarily increased. The long-term dynamics of supply and the general use of XRP Ledger are seriously called into question by this consistent decline.

XRP/USDT Chart by TradingView

XRP lacks a protocol-level or community-driven mechanism to speed up burns in contrast to Ethereum or SHIB. Since burn rates are nearly zero, the effect on supply reduction is essentially meaningless. This calls into question one of the bullish theories that could be applied to XRP: Scarcity through destruction. XRP is stuck in its enormous circulating supply of almost 60 billion tokens without a proper circulation removal mechanism.

XRP in descending channel

To make matters worse, the chart indicates that XRP is battling under a downward channel with important supports located at $2.99 and $2.83. Failure to maintain these levels might hasten the decline. XRP’s argument for scarcity-driven growth seems weaker than ever in the absence of burns strengthening long-term fundamentals.

The decrease in burns makes it clear that unless the Ripple ecosystem can significantly expand its on-chain utility, the supply of XRP will not change much and price growth will have to come from institutional adoption or speculation rather than tokenomics. Investors are left with difficult questions regarding the asset’s long-term prospects as XRP’s burn story fades into irrelevance.

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September 22, 2025 0 comments

NFT Gaming

Crypto Market Prediction: XRP to Lose Even More at $2? Bitcoin Price Fading at $115,745, Ethereum (ETH) Can Hit $5,000 in Blink

by admin September 22, 2025

The market is rapidly losing traction as XRP and Bitcoin clearly showing problematic tendencies: Bitcoin is losing steam with RSI reversing down, and XRP is moving steadily in a descending price channel. On the other hand, Ethereum could be ready to hit the $5,000 mark sooner than anticipated.

XRP struggling, but can blow up

As the asset continues to struggle inside a descending channel that has been pushing it lower for weeks, XRP’s price action is giving holders cause for concern. XRP is currently trading close to $2.97 after losing the crucial $3 mark, and technical indicators imply that more suffering might be on the way.

XRP/USDT Chart by TradingView

Additionally, the moving averages are not providing much respite. The 200-day EMA (black), which is still well below current prices and could serve as a long-term support zone around $2.58, is tilting downward. In a more bearish extension, XRP might be pulled closer to the $2.50-$2.60 range, and if selling momentum increases, it might return to the $2.80 zone.

The absence of significant buying volume is another factor contributing to the pressure. The lack of conviction in recent rallies indicates that market players are hesitant to intervene forcefully at the current levels. Before XRP reaches oversold territory, there is still opportunity for decline as indicated by the mid-range RSI.

A breakout above $3.10-$3.20 would be necessary for bulls to change their stance and test the channel’s upper boundary. The path of least resistance continues to be downward in the absence of it.

In summary, the technical structure of XRP indicates that it may continue to decline. Should the descending channel continue, the asset may find itself moving closer to $2.80 and then $2.50, which would negate a large portion of its recent bullish recovery.

Bitcoin enters stalemate?

The price of Bitcoin is stalling at about $115,745, suggesting that the most recent rally may be coming to an end. Bitcoin is currently exhibiting warning signs that the momentum may be waning following a steady recovery from September lows.

Among the most obvious warning signs is the Relative Strength Index (RSI), which has begun to turn around after momentarily approaching overbought levels. At this point, the indicator is in a neutral range, suggesting that buying pressure is waning. RSI reversals at the peak of local rallies frequently signal a pullback, particularly when price action is having difficulty pushing higher.

BTC/USDT Chart by TradingView

The low volatility at present levels is another issue. Nearing its local peak, Bitcoin is trading in a narrow range, which typically denotes indecision. Traders lock in profits when this kind of sideways chop near resistance resolves with a downside break. Volume also shows this cooling momentum, as activity spikes are diminishing, making a retracement of the market possible.

Technically, the 20-day EMA (green) has served as short-term support, but if selling pressure increases, the larger structure points to a potential retest of the 50-day EMA (blue) at $114,000, or even the 200-day EMA (black) at $105,900. Losing these levels would indicate that this rally was only a relief bounce and not the beginning of a long leg higher, so it’s important to keep an eye on them.

Bitcoin seems more exhausted than strong at its current consolidation level around $115,745. The most likely scenario is a short-term pullback with downside targets between $114,000 and $112,000 unless buyers quickly regain momentum. Bitcoin may experience a more severe correction back toward the $106,000 mark if macro liquidity also cools.

Ethereum’s hidden power

Ethereum appears to be poised for a significant volatility breakout as it coils up inside a symmetrical triangle. Since the price of ETH is currently trading above $4,450, a significant move could occur soon, and $5,000 is still the obvious upward target.

The daily chart shows that ETH has been steadily rising since the middle of summer, helped along by the green 20-day and blue 50-day EMAs. The upward slope of these moving averages indicates that the trend is still very strong. More significantly, the triangle pattern’s price compression indicates that the market is getting ready to expand. Such consolidations have historically ended with explosive volatility, frequently pushing ETH into a new trading range.

The upper boundary of the triangle meets recent rejection candles at the key breakout level, which is located between $4,600 and $4,700. It appears very likely that ETH will make a quick run toward $5,000 if it breaks above this zone with volume confirmation. The asset would probably be pulled back toward the 200-day EMA at about $3,850 if the $4,300-$4,250 support band were broken, invalidating the bullish structure.

The Relative Strength Index (RSI), which is still neutral and indicates that there is still space for buyers before the situation becomes overextended, supports the bullish argument. With momentum accelerating without overheating, ETH is now in a sweet spot.

While market sentiment will be a factor, Ethereum’s own fundamentals — particularly DeFi activity and staking flows — will be the main driver. ETH might be the asset to take the lead in the upcoming market segment, since Bitcoin is beginning to show signs of exhaustion.

The triangle of Ethereum is, in essence, the quiet before the storm. If bulls seize the breakout, traders should be ready for significant volatility in the future, with $5,000 firmly in play.

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September 22, 2025 0 comments

GameFi Guides

XRP price rebound incoming as XRPR ETF assets hits $10m

by admin September 21, 2025

XRP price has pulled back in the past few days despite some highly bullish catalysts, including the warm reception of the REX-Osprey XRPR ETF and the rising odds of Act 33 ETF approvals by the Securities and Exchange Commission.

Summary

XRP price has formed a large bullish flag chart pattern.
Data shows that the XRPR ETF has added over $10 million in assets.
That is a sign that there is strong demand for XRP assets.

XRPR ETF inflows are rising

Ripple (XRP) dropped to the critical support at $3, down by 6.6% from its highest point this week and 19% below the year-to-date high.

The recently launched REX-Osprey XRPR ETF is seeing strong demand from American investors. Data shows that the fund’s volume on the first day was about $37.7 million, making it the best debut in terms of volume this year. Its volume then came in at $15 million on the second day.

$GDLC (the first spot crypto ‘5’ basket ETF) did $22m on its first day as an ETF. Really solid. $DOJE did $12m and $XRPR did $15m. All of them crush the avg ETF launch altho far cry from bitcoin. Still, gotta be happy with that if you are those issuers.

— Eric Balchunas (@EricBalchunas) September 19, 2025

According to its website, the fund’s assets have now jumped to over $10.9 million. This is a notable achievement because it is an expensive fund with an expense ratio of 0.75%.

It is also a sign that there is robust for XRP assets. For one, the other leveraged XRP ETFs like Teucrium’s XXRP and ProShares’ UXRP have gained over $430 million and $120 million assets in the past few months.

Similarly, the CME XRP Futures have had substantial demand, with the open interest crossing the $1 billion milestone within weeks.

This is a sign that the upcoming Act 33 XRP ETFs by companies like Franklin Templeton, Invesco, Bitwise, and Canary will see robust demand. Analysts expect that the SEC will approve them in October, with Polymarket odds jumping to 96%.

XRP price technical analysis

XRP chart | Source: crypto.news

Technical analysis suggests that the XRP price will rebound, potentially towards the ETF approval. It is currently forming a giant bullish flag pattern. It has already completed the formation of the flagpole section and is now creating the flag.

XRP price has remained above the 100-day Exponential Moving Average and the strong, pivot, reverse point of the Murrey Math Lines tool.

Therefore, the token will likely rebound and possibly surge to $4.2970, the extreme overshoot. This price is about 45% above the current level.

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September 21, 2025 0 comments

NFT Gaming

Ripple Clocks 13: Uphold Issues Celebratory Tweet With XRP, RLUSD Spotlight

by admin September 21, 2025

Fintech company Ripple is celebrating its 13th anniversary, having launched in September 2012, with the crypto community celebrating this milestone.

Uphold crypto exchange celebrated this Ripple milestone in a tweet, which contained hashtags of XRP and RLUSD.

XRP Ledger was first launched in June 2012 by the trio of David Schwartz, Jed McCaleb and Arthur Britto, who began its development in 2011. Joined by Chris Larsen, the group started the Company NewCoin in September 2012 (which was renamed OpenCoin and now Ripple).

The XRP Ledger code was originally named Ripple, explaining how the name Ripple came to be. At its start, the ledger included a digital asset that would originally be called “Ripples” (XRP as the currency code) to follow the same naming convention as Bitcoin (BTC). At the time, the name Ripple stood for the open-source project.

In early discussions with potential customers, the team was asked about the differences between the Ripple project and the OpenCoin company. With the community starting to refer to the digital asset as XRP, it was decided in 2013 to rebrand the OpenCoin company to Ripple Labs, which has since been shortened to “Ripple.”

Uphold spotlights XRP, RLUSD

In a separate tweet, Uphold highlighted recent developments surrounding XRP and RLUSD.

The first-ever U.S. spot XRP ETF (XRPR) officially launched this week, marking a major milestone for mainstream adoption.

This week, Ripple announced a partnership with DBS Bank and Franklin Templeton to establish repo markets powered by tokenized collateral and stablecoins.

Investors will be able to use RLUSD to trade for Franklin Templeton’s money market fund, sgBENJI, which is listed on DBS’s digital exchange and tokenized on XRP Ledger, earning yield and opening new liquidity venues.

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September 21, 2025 0 comments

Crypto Trends

XRP Hit by Crazy 903% Liquidation Imbalance in Just 24 Hours

by admin September 20, 2025

XRP’s price fluctuation has pulled it below the $3 mark in the last 24 hours. This has triggered a massive liquidation imbalance for those betting long on the coin. CoinGlass data shows XRP bulls have been caught unawares as the price took a plunge, contrary to expectations that it would rally.

Long traders’ huge loss as XRP falls below $3

Notably, in the last 24 hours, approximately $7.93 million was wiped out as a result of the price volatility. Long traders lost a staggering $7,210,000 to set up a 903% liquidation imbalance within this time frame. It indicates that a lot of XRP holders were betting on a further increase in the value of the asset before it nosedived.

Worth mentioning is that XRP is not the only asset with a liquidation imbalance set against bulls. Ethereum, which posted the highest liquidation figures, saw long position traders losing $61.5 million, as against short position traders’ loss of $4.14 million.

The leading cryptocurrency, Bitcoin, registered a total of $35.10 million within this period. Out of this, bulls betting on a price surge also saw $33.10 million wiped out, while shorts recorded $2 million in losses. This signals a market-wide pattern of liquidation imbalance as the crypto sector fails to rally.

XRP’s price crashed from $3.04, breaching the critical $3 level, and has been prevented from a free fall by the $2.90 support. As of this writing, the coin continues to change hands at a price of $2.98, representing a 1.68% decline in the last 24 hours.

XRP Daily Price Chart | Source: CoinMarketCap

The price dip did not spare short position traders as they also suffered a mild loss of $718,830 within the same period.

XRP investors awaiting October rally?

Interestingly, analysts have attributed the stagnation in XRP’s price to a deliberate suppression move by institutional interests. Versan Aljarrah, the founder of Black Swan Capitalist, and Jim Willie both claimed that powerful financial institutions are manipulating the asset’s growth to accumulate the asset at a cheaper rate.

According to Willie, were it not for this price manipulation, XRP could have soared to between $7 and $8 in the latest run. The analysts consider XRP as an alternative liquidity to U.S. fiat, hence the huge bet by institutional interests.

Regardless of the current price outlook, most market participants appear to be waiting for October, when the price of most crypto assets historically records a rally. The current low trading volume, which is down by 28.6% at $3.83 billion, suggests a cautious pullback by investors.

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September 20, 2025 0 comments

GameFi Guides

Flare Network and Enosys Introduces First-ever XRP Backed Stablecoin

by admin September 20, 2025

In a recent development, Enosys has launched the first XRP-backed stablecoin on Flare Network, backed by Enosys Loans, a Collateralized Debt Position (CDP) protocol. Users will be able to lock FXRP, representation of XRP on Flare Network, into the protocol to mint stablecoin.

This will enable XRP holders to gain access to a decentralized stablecoin backed by their assets, enabling borrowing without selling, liquidity provision, and yield opportunities across DeFi.

In a recent X post, Flare announced that users can now mint a trustless, over-collateralized stablecoin using fXRP and wFLR collateral, and it will soon include stXRP. It is powered by a fork of Liquity v2, its stability pools and the Flare Time Series Oracle (FTSO), a custom oracle that aggregates price feeds from independent signal providers rather than centralized data sources.

According to their official statement, the main component of this development is Collateralized Debt Position (CDP), a protocol that allows users to mint a stablecoin against their collateral. This helps maintain stablecoin’s value at $1.

Furthermore, the stability pool covers risk in case of collateral shortfalls or liquidations. Users staking stablecoin in the stability pool earn yield via minting fees, interest, and liquidation rewards.

Stablecoin adoption on the rise

As the popularity of cryptocurrencies surges worldwide, stablecoins are seeing a drastic increase among both the retail and institutional users. A large share of stablecoin supply is currently used for various purposes like yield farming, staking, and trading.

Also Read: Flora Growth Corp. Raises $401M to Launch 0G Token Treasury

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September 20, 2025 0 comments

Crypto Trends

Dogecoin (DOGE), XRP Get ETFs. Crypto Traders Say ‘Meh:’ Crypto Daybook Americas

by admin September 20, 2025

By Omkar Godbole (All times ET unless indicated otherwise)

The SEC, as market regulator, now couldn’t be more pro-crypto if it tried! On Thursday, a spot ETF tied to one of the least “serious” cryptocurrencies — dogecoin DOGE$0.2668 — debuted in the U.S. alongside payments-focused XRP.

Unlike bitcoin BTC$115,761.19, ether (ETH) and stablecoins, which act as a stores of value and facilitate decentralized finance, memecoins like DOGE are driven entirely by tweets, and cult-like fandom, just like baseball or pro-wrestling cards. Some observers are understandably worried that wrapping such an asset in an ETF gives it a false veneer of legitimacy, putting investors at risk.

You might call this the “peak pro-crypto SEC” moment, when regulators become so friendly that even memecoins get their own institutional wrapper. And, coincidentally, peak liquidity moment too, because when cash flows freely, traders get more adventurous. That’s one reason why the Fed may need to go slow with rate cuts.

The crypto market seems unimpressed. DOGE dropped over 2% in 24 hours, a sharp contrast to 2021, when a single tweet from Elon Musk could send it skyrocketing. The entire meme token gang is taking a hit; names like M, PUMP, and TOSHI are down nearly 10% in the same period.

XRP isn’t getting off easily either, falling 2%. Bitcoin and ether remain under pressure too, with traders aggressively seeking downside protection in the options market. The CoinDesk 20 Index was 1.3% lower at press time.

In other news, Consensys CEO reportedly said a Metamask token is arriving sooner than expected. Popular newsletter writer Christine Kim relayed that Ethereum’s Fusaka upgrade is scheduled for Dec. 3. This upgrade bundles multiple Ethereum Improvement Proposals focused on enhancing data availability and reducing costs for layer-2 rollups.

Meanwhile, traditional markets aren’t making it easy for crypto bulls. The dollar index and Treasury yields edged higher. The Bank of Japan stayed put on rates, with two dissenters signaling hikes in the coming months. The central bank announced the gradual selling of ETFs to slim its bloated balance sheet. Stay alert!

What to Watch

Crypto
- Sept. 19: Grayscale Digital Large Cap Fund, which became the Grayscale CoinDesk Crypto 5 ETF on Sept. 18, will uplist to the NYSE Arca Exchange and start trading under the ticker GDLC.
Macro
- Sept. 19, 8:30 a.m.: Canada July retail sales YoY Est. N/A (Prev. 6.6%), MoM (final) Est. -0.8%.
- Sept. 19 (after market close): Quarterly S&P 500, 400 and 600 rebalancing takes effect, adding Robinhood (HOOD).
Earnings (Estimates based on FactSet data)

Token Events

Governance votes & calls
- Gnosis DAO is voting on a $40,000 pilot growth fund using conviction voting on Gardens to empower GNO holders and support small, community-led ecosystem initiatives. Voting ends Sept. 23.
- Balancer DAO is voting on an ecosystem roadmap and funding plan through Q2 2026. It sets growth, revenue, innovation and governance targets and requests $2.87 million in USDC and 166,250 BAL to fund initiatives. Voting ends Sept. 23.
Unlocks
- Sept. 20: Velo VELO$0.01323 to unlock 13.63% of its circulating supply worth $43.39 million.
Token Launches
- Sept. 19, 9 a.m.: Enosys set to introduce XRP-backed stablecoin to Flare
- Sept. 19: Lombard (BARD) to be listed on Poloniex.
- Sept. 20: Reserve Rights RSR$0.007478 to conduct a token burn.

Conferences

Token Talk

By Oliver Knight

Aster, the native token of its namesake decentralized exchange, rose 33% in the past 24 hours to contribute a 650% gain since it was issued earlier this week.
The token was touted on X by Binance founder Changpeng Zhao, who claims the token is a direct competitor to HyperLiquid’s HYPE.
Nearly 330,000 wallets used Aster ahead of a series of exchange listings for the token, with daily trading volume hitting $420 million.
The platform’s introduction hasn’t been without controversy, one of the Aster team members had to say “funds are safe” on Discord in response to concerns about whether funds could be withdrawn.
It is also claimed that Aster is just a rebrand of Apollox, a decentralized perpetuals exchange that has been around for years.
Nonetheless, the platform has proven attractive in the past 24 hours and is considered by some traders as a viable alternative to HyperLiquid, whose token has a market cap of $18.7 billion compared with Aster’s $1 billion.

Derivatives Positioning

AVAX is the only top 20 cryptocurrency to boast an increase in perpetual futures open interest over the past 24 hours. The rest of the coins have seen flat to negative OI, a sign of capital outflows.
According to data source Glassnode, 5,000 BTC in long positions is vulnerable to liquidation if the price drops below $117,000. There is also a build up of short positions at higher price levels, representing a sell-on-rise mentality.
Most majors, excluding LINK, DOT and TRX, have seen net selling in futures, as evidenced by their negative 24-hour cumulative volume deltas. This indicates the possibility of a sharp drop in altcoins later today alongside a growing risk aversion on Wall Street.
On the CME, bitcoin futures OI has bounded to 149K BTC, ending a two-month downtrend. (Check the Technical Analysis section). Perhaps, fresh shorts are coming in, as the annualized three-month premium remains below 10% and looks to be trending south. Ether’s futures OI has risen back above 2 million ETH.
On Deribit, traders continue to chase put options tied to BTC in a sign of lingering downside concerns. Flows over OTC network Paradigm featured calendar spreads and put writing.

Market Movements

BTC is down 0.9% from 4 p.m. ET Thursday at $116,531.51 (24hrs: -0.61%)
ETH is down 1.81% at $4,523.65 (24hrs: -1%)
CoinDesk 20 is down 1.82% at 4,334.77 (24hrs: -1.27%%)
Ether CESR Composite Staking Rate is up 3 bps at 2.92%
BTC funding rate is at 0.0042% (4.5651% annualized) on Binance

DXY is up 0.24% at 97.58
Gold futures are up 0.34% at $3,690.80
Silver futures are up 0.86% at $42.48
Nikkei 225 closed down 0.57% at 45,045.81
Hang Seng closed unchanged at 26,545.10
FTSE is up 0.06% at 9,233.88
Euro Stoxx 50 is up 0.14% at 5,464.39
DJIA closed on Thursday up 0.27% at 46,142.42
S&P 500 closed up 0.48% at 6,631.96
Nasdaq Composite closed up 0.94% at 22,470.72
S&P/TSX Composite closed up 0.45% at 29,453.53
S&P 40 Latin America closed down 0.75% at 2,906
U.S. 10-Year Treasury rate is up 1.4 bps at 4.118%
E-mini S&P 500 futures are unchanged at 6,693.75
E-mini Nasdaq-100 futures are unchanged at 24,709.50
E-mini Dow Jones Industrial Average Index are unchanged 46,503.00

Bitcoin Stats

BTC Dominance: 57.92% (+0.31%)
Ether-bitcoin ratio: 0.03879 (-1.01%)
Hashrate (seven-day moving average): 991 EH/s
Hashprice (spot): $52.08
Total fees: 3.69 BTC / $432,583
CME Futures Open Interest: 149,110 BTC
BTC priced in gold: 31.9 oz.
BTC vs gold market cap: 9.03%

Technical Analysis

BTC’s CME futures open interest has ended downtrend. (Velo)

Open interest in BTC futures listed on the CME has surged from 133K to 149K BTC, ending a two-month downtrend.
The change shows renewed capital inflows into the market, although the direction of the flows remains unclear.

Crypto Equities

Coinbase Global (COIN): closed on Thursday at $343.13 (+7.04%), -0.62% at $341.00 in pre-market
Circle (CRCL): closed at $140.42 (+7.16%), +2.53% at $143.97
Galaxy Digital (GLXY): closed at $33.08 (+0.21%), -1.75% at $32.50
Bullish (BLSH): closed at $65.61 (+20.72%), -2.85% at $63.74
MARA Holdings (MARA): closed at $18.5 (+6.69%), -0.65% at $18.38
Riot Platforms (RIOT): closed at $17.51 (-0.62%), -0.69% at $17.39
Core Scientific (CORZ): closed at $16.75 (+2.95%), -0.12% at $16.73
CleanSpark (CLSK): closed at $13.46 (+17.66%), -1.26% at $13.29
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $41.1 (-0.12%), -1.41% at $40.52
Exodus Movement (EXOD): closed at $29.26 (+3.61%)

Crypto Treasury Companies

Strategy (MSTR): closed at $349.12 (+5.89%), unchanged in pre-market
Semler Scientific (SMLR): closed at $29.49 (+6.54%), unchanged in pre-market
SharpLink Gaming (SBET): closed at $17.22 (+0.58%), -0.41% at $17.15
Upexi (UPXI): closed at $6.82 (+12.08%), -1.03% at $6.75
Lite Strategy (LITS): closed at $2.71 (+3.83%), +3.69% at $2.81

ETF Flows

Spot BTC ETFs

Daily net flows: $163 million
Cumulative net flows: $57.46 billion
Total BTC holdings ~1.32 million

Spot ETH ETFs

Daily net flows: $213.1 million
Cumulative net flows: $13.89 billion
Total ETH holdings ~6.6 million

Source: Farside Investors

While You Were Sleeping

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September 20, 2025 0 comments

Crypto Trends

Secret Ethereum (ETH) Price Signal at $4,530, New XRP Price Range to Reveals Next Price, Shiba Inu (SHIB) Losing $0.000013

by admin September 20, 2025

With Ethereum struggling, Shiba inu and XRP are following the rest of the market. The new descending channel on XRP, the secret triangle formation on ETH and the poor performance of SHIB shapes the negative outlook of the market over the weekend.

Ethereum’s secret triangle

Around the $4,530 mark, where a sizable symmetrical triangle has been forming for the past few weeks, Ethereum (ETH) is currently sitting on a crucial price signal. One of technical analysis’s most dependable volatility setups is this consolidation structure, and how it resolves may determine Ethereum’s next significant move.

After a daily decline of -2.9%, ETH is currently trading at about $4,454. The 50-day and 100-day exponential moving averages (EMAs) are serving as strong support layers, as the coin is rising above its key EMAs, which are at $4,322 and $3,800, respectively. Ethereum appears to be neither overbought nor oversold according to the RSI, at about 54, which puts the market in a balanced position for a significant break.

ETH/USDT Chart by TradingView

In the triangle pattern, compressed volatility is highlighted. ETH has historically generated explosive momentum when it coils inside such constricted structures. The $4,530 zone, where the triangle’s upper resistance converges, is the area that traders are keeping a careful eye on. If there is a clear breakout above this level, short liquidations and fresh institutional inflows into ETH-based products could trigger a rapid move toward $5,000 and higher.

Conversely, the inability to maintain the triangle’s lower boundary, around $4,400, might validate a brief downward trend. This situation might push ETH back toward $3,800, the 100-day EMA, which has historically protected against significant corrections.

The timing, rather than the pattern itself, is what makes this setup secret. While Bitcoin has been making headlines, Ethereum has been consolidating. However, the triangle formed by ETH suggests that the altcoin market may be preparing for a volatility implosion, which, if it gains traction, could lead to a wider rally.

XRP’s momentum disappears

XRP has failed to maintain momentum above short-term resistance and is currently trading at about $3.00, indicating weakness. There is a distinct descending channel on the chart, which frequently indicates bearish continuation. As XRP consolidates within this smaller range, traders should brace themselves for possible downside volatility.

Two short-term support levels are the 50-day EMA at $2.99 and the 100-day EMA at $2.98. Bulls may be losing control, though, if they are unable to break through the descending trendline resistance. If XRP breaks below these clustered EMAs, the 200-day EMA at $2.83 will be the next target for a decline. If XRP drops sharply below this level, it may signal a more significant correction and move closer to the $2.58 region, which was a good place to accumulate earlier this year.

On the upside, the bearish channel and signal strength would need to be invalidated by a move above $3.20. The RSI is currently between 51 and 53, indicating a lack of strong buying momentum, so the bias is still leaning toward sellers until that time.

Given the bearish channel structure, XRP’s most likely price range in the near future is between $2.83 and $3.20, with a probability bias toward testing lower levels. If sentiment on the market worsens, XRP may fall back into the mid-$2.50s, where long-term buyers might reenter.

To sum up, XRP is stuck in a channel that is getting narrower, which usually happens before a significant move.

Shiba Inu loses key level

The $0.000013 threshold, a crucial psychological and technical level that should be monitored, has been breached once more by Shiba Inu. This breakdown shows how SHIB’s market structure is becoming weaker, which raises the possibility of a more severe decline in the near future.

The most concerning indication, in this case, is that SHIB’s moving averages have not offered any significant support. The 100-day and 50-day EMAs, which frequently serve as stabilizing zones on markets that are consolidating, have not held up. Instead, there appears to be bearish dominance, as price action has been consistently breaking below these averages. There is not much upside momentum left for SHIB to rely on because the 200-day EMA is positioned close to $0.0000138 and serving as a ceiling.

A narrowing triangle structure is also visible on the chart, with SHIB moving toward the lower boundary at about $0.0000128. A quicker sell-off could be triggered if this floor gives way, pulling the token in a longer correction toward $0.0000120 or even the $0.0000110 region. The declining RSI, which is currently hovering slightly above the neutral zone, indicates that buyers are retreating, giving sellers more space to exert control.

The outlook in the near future is still cautious. The market may be viewing $0.000013 as resistance rather than support if it loses that level but is unable to reclaim it decisively. This means that the path of least resistance remains downward until SHIB closes above both $0.000013 and the clustered EMAs.

Right now, the market is entering a weekend trading session on a negative note, which means volatility and liquidity will get even thinner and potentially cause a foundation for a bearish rally on the market.

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September 20, 2025 0 comments

NFT Gaming

XRP Marks Another Win As SEC Approves Grayscale’s GDLC ETF

by admin September 19, 2025

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The cryptocurrency industry and the XRP market have scored a major win, with the United States Securities and Exchange Commission (SEC) approving Grayscale’s Digital Large Cap Fund, known as GDLC, for uplisting as an Exchange-Traded Fund (ETF). The timing of this approval has sparked renewed optimism among investors, particularly as XRP cements its position in a rapidly evolving crypto ETF landscape.

XRP Gains Legitimacy Through Grayscale’s GDLC ETF

On September 18, Grayscale Chief Executive Officer (CEO) Peter Mintzberg announced via X social media that the Grayscale Digital Large Cap Fund has been approved for trading under the SEC’s Generic Listing Standards. The move represents a watershed moment, as it will be the first multi-crypto asset ETP in the US market.

The product, now renamed the “Grayscale CoinDesk Crypto 5 ETF,” will provide investors with exposure to a diversified basket of five major digital assets, including Bitcoin, Ethereum, XRP, Solana, and Cardano. For XRP holders, this development is particularly significant, as it positions the cryptocurrency at the forefront of institutional-grade investment products.

Grayscale’s move ensures that XRP will share the same investment vehicle as the two largest cryptocurrencies, BTC and ETH, placing it firmly within the category of assets gaining mainstream recognition and adoption. This also marks a sharp turnaround from just a few years ago, when XRP’s regulatory uncertainty, stemming from the previous SEC lawsuit, had caused several crypto exchanges and platforms to delist the token.

Notably, Mintzberg highlighted the SEC Crypto Task Force’s role in driving the much-needed clarity for the industry, emphasizing that regulatory collaboration is accelerating the transition of digital assets into traditional finance. For XRP, this could mean greater visibility, more liquidity, and easier access for institutional investors who prefer ETF exposure over direct token purchases.

XRP ETF To Fuel Bull Flag Breakout To $15

According to crypto expert Zenia, XRP has confirmed a Bull Flag breakout, setting the stage for a short-term move toward $5.80. Beyond that, the analyst notes a larger pattern that stretches back to 2024, suggesting that XRP could target $15, representing a potential gain of more than 400% from its current levels.

The weekly chart shows XRP steadily recovering from its previous consolidation phase, with bullish candles pushing above $3.10 and momentum indicators such as the Relative Strength Index (RSI) holding strong without showing signs of exhaustion. Zenia has highlighted that the first target at $5.8 serves as the immediate resistance, while the second target at $15 represents the more ambitious upside projection tied to the Bull Flag structure.

Source: Chart from Zenia on X

With ETF exposure now in play, XRP could finally break free from the cycle of stalled rallies that have defined past bull markets. Zenia also notes that XRP’s partnerships with global financial institutions, such as DBS Group and Franklin Templeton, are creating real-world utility to complement its bullish technical setup.

XRP trading at $3.03 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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September 19, 2025 0 comments