The cryptocurrency market has started the year off with a bang, seeing its market capitalization rise by more than $160 billion in the last 24-hour period, with the native token of the XRP Ledger standing out after surging more than 13% in that period. The cryptocurrency's rise builds upon a surge that started earlier.
A crypto analyst has confirmed that the Dogecoin price has entered a consolidation zone after experiencing a recent market bounce above the $0.3 level. The analyst predicts that Dogecoin is now eyeing a new price target of $3.4, aiming to reach a new all-time high in 2025.
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has had profound implications for Ripple and the wider cryptocurrency market. Attorney and XRP supporter John Deaton recently highlighted the significant damage caused to Ripple's business due to the lawsuit and revealed the complex interplay of industry leaders, competitors, and regulatory forces that have shaped this high-stakes conflict.
The Shiba Inu community has made another successful effort at burning SHIB meme coins, pushing the burn rate up significantly.
The withdrawal of a substantial amount of 220 billion SHIB tokens from Binance's wallets in a single transaction has garnered attention. Instead of signaling immediate market activity, such movements are frequently read as a shift toward self-custody, suggesting a possible long-term hold strategy.
After a monstrous rally during the middle of Q4, 2024, the crypto markets failed to hold the elevated trend, compelling most cryptos to plunge and consolidate within a narrow range. The prices of Ripple (XRP) and Stellar (XLM) also faced a massive pullback that dragged them to the monthly lows.
Bitcoin (BTC) has steadied itself above $95,000 after suffering a year-end rout that drove the cryptocurrency to a low of $91,479 on December 30, before recovering to reclaim $95,000 and move to its current level of $95,413. BTC is up just over 2% over the past 24 hours.
XRP has been showing some significant upside momentum recently. Although this move is primarily seen as a corrective bounce, it was expected. XRP has hit the target zone between $2.42 and $2.45. This target range was specifically selected based on Fibonacci levels, which have been pivotal in defining potential resistance areas.
In the last 24 hours, XRP rose 14%, holding $2.00 support with a bullish reversal pattern. Analysts forecast XRP could range from $1.35 to $2.50 in February 2025.
The Dogecoin's Futures Open Interest (OI) increased from $554 million in October 2024, to $2 billion on January 2, 2025, amid rising demand from whale investors.
The Meme Coin market has recorded a surge of over 7.5% in the last 24 hours. Almost all the top ten meme coins have experienced growth; Dogecoin has grown by 6.7%, Shiba Inu by 6.6%, Pepe by 3.3%, ai16z by 22.8%, Bonk by 7.6%, Pudgy Penguins by 10%, dogwifhat by 9.3%, and FLOKI by 4.8%.
Shiba Inu (SHIB) has captured the spotlight with a strong rebound from the critical $0.00002045 support level. This bounce not only reaffirms the significance of this zone but also sparks fresh hopes for a potential bullish breakout.
Ripple CEO Brad Garlinghouse is looking forward to 2025 with optimism, expressing excitement about the company's progress and its focus on practical applications for blockchain technology.
The price of XRP has wasted no time this year in showing extraordinary things on its charts. In the latest episode, the currently fourth largest cryptocurrency literally skyrocketed over 10% against Bitcoin (BTC).
Shibarium, the Shiba Inu Ethereum-based Layer-2 scaling solution, is showing signs of growing adoption. After the daily transaction count dropped as low as 4.51 million on Dec. 24 and 4.63 million on Dec. 29, the transaction metrics are now back to peak levels of 4.78 million.
The altcoin industry – led by Ripple Labs' XRP and Cardano (ADA) – has experienced a mild rebound as the global markets re-open for 2025.
After a prolonged correction, XRP appears ready for its next leg up. Key Support levels: $2, $1.6 Key Resistance levels: $2.8 1.
SHIB correction appears over. Will buyers return?
Robinhood Markets Inc. (NASDAQ:HOOD) launched 2025 with a strategic customer engagement initiative, distributing $2.5 million worth of Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) to existing users during New Year's Eve, attracting active users to its platform during the holiday. What Happened: The company's CEO Vlad Tenev emphasized the promotion's focus on existing customer loyalty rather than new user acquisition.
South Korean trading volumes supported an outperformance in XRP, as a CoinDesk analysis noted earlier this week.
Shiba Inu (SHIB) is back in the news courtesy of projections of a 260% price increase, which is making people very excited. There are “textbook bull signals” on the charts, which means SHIB could reach $0.000081 in the next few months, according to an analyst.
Mysterious personality Shytoshi Kusama clarified in a podcast that aired Tuesday that not he but Ryoshi is the founder of the Shiba Inu (CRYPTO: SHIB) ecosystem. What happened: In the first episode of a 44-part podcast series, Kusama said he joined Shiba Inu like any other member of the community.
Bitcoin experienced a notable rebound after falling to its lowest price in over a month, hitting $91,816 on Monday, according to CoinMarketCap data.
Payment tokens such as Ripple's XRP are surging today as an altcoin rally leaves lackluster Bitcoin behind.
On New Year's Day, Ripple released 500 million XRP tokens from its escrow account, in line with its monthly plan. This release, totaling over $1 billion in value, highlights the ongoing strategy Ripple has in place to distribute XRP over time.
As the crypto market gears up for the 2025 altcoin season, analysts are spotlighting Ripple, Hedera, and Rollblock as top contenders. #partnercontent
Accepting Ripple (XRP) ETFs is supposed to start a new chapter of institutional crypto investments. More general acceptance of this occurrence could trigger the explosion of some highly valuable tokens. Once XRP ETFs open in 2025, these five cryptocurrencies are poised to surge in value.
The cryptocurrency market exhibited a positive trend today, with the total market capitalization experiencing a notable increase of nearly 3% to reach $3.36 trillion within the past 24 hours. Trading volume, on the other hand, witnessed a decline of 9.2% to $99.38 billion.
Brad Garlinghouse, Ripple's chief executive officer, has stated that he is "excited" for 2025.
Ripple's native crypto XRP has witnessed a strong surge gaining 15% in the last 24 hours while setting the stage for a rally to $3 and above. Today's XRP price surge to $2.42 comes along with a 120% surge in the daily trading volume reaching over $10 billion showing strong bullish momentum.
Shiba Inu price is gaining attention as analysts suggest the token could see a 260% rally in the coming months. Following a bearish phase that saw Shiba Inu fall by more than 37% from its December highs, market analysts now believe the meme-inspired cryptocurrency may be poised for a strong recovery.
XRP's SEC Appeal Outlook: Will the SEC's leadership change drive Ripple's case withdrawal? Key January dates may influence XRP's future.
The Dogecoin (DOGE) price is starting out the year on the front foot after breaking to the north of a short-term symmetrical triangle pattern, X user Trader Tardigrade said in a recent post. The post Dogecoin Price Hits ‘Rock Solid' Support – $1 Surge Incoming? appeared first on Cryptonews.
Ripple's legal chief has issued a year-end warning to the SEC, highlighting key legal boundaries on crypto assets and cautioning against regulatory overreach in 2025. Year-End Message: Ripple's Legal Chief Warns SEC Against Repeating Missteps in 2025 Ripple's chief legal officer, Stuart Alderoty, took to social media platform X on Dec.
When one would have thought that John E. Deaton would boldly express his bullish stance on the XRP price, the pro-crypto lawyer outrightly stated that he had no idea how high the coin could soar.
Dogecoin is poised for a potential rally to $1.2, with analysts highlighting its current consolidation as a springboard for growth. If the popular meme coin breaks its all-time high of $0.74 by January, a significant surge could follow, according to market experts.
Crypto analyst Master Kenobi has predicted that the Dogecoin price could rally to $1.2 in this new year. The analyst further revealed what needs to happen for the foremost meme coin to reach this price target.
The price of XRP rose sharply to outpace the top 10 cryptocurrencies by market cap as the altcoin looked to begin 2025 on a winning note. On Jan. 1, Ripple token XRP (XRP) traded to highs of $2.
The price of XRP, one of the biggest cryptocurrencies by market capitalization, has soared by more than 11% over the past 24 hours, according to data provided by cryptocurrency ranking site CoinGecko.
XRP has faced significant bearish pressure over recent weeks, trading around the $2 mark as 2024 draws to a close. Despite experiencing a 9% loss in the last 24 hours, the token remains above $2, marking its first-ever yearly candle at this level.
After an impressive 12% rally, XRP, the native token of Ripple Labs, is poised to sustain its upward momentum as it nears a bullish breakout. Amid this upward trend, participation from traders and investors has skyrocketed, as revealed by on-chain metrics, including open interest, the long/short ratio, and inflow/outflow data.
XRP's surge amid regulatory shifts and high trading volumes may signal increased market volatility and potential legal clarity for crypto assets. The post XRP jumps 10% to $2.3 as 2025 kicks off appeared first on Crypto Briefing.
It's been a rough few days for crypto prices after several weeks of upward pumps. After rallying nearly 300% in the past two months and even briefly flipping Tether's USDT to become the third-largest crypto by market cap, Ripple-associated cryptocurrency XRP has lost roughly 16% of its value over the last 14 days.
Whale transfers exceeding $700M push XRP into the spotlight, with analysts eyeing $5 as the next big target. Bold predictions hint at prices reaching double digits this market cycle.
Bitcoin is holding above $90,000, signaling the possibility of a move back toward $100,000 in the next few days.
XRP (XRP) has been facing significant price volatility, struggling to maintain its position above the $2 mark. The digital asset recently dipped below $2 for the third time in December, briefly touching lows of $1.995 on Binance before experiencing a minor bounce back.
Crypto analyst Dark Defender has predicted that the XRP price could reach $5 in this new year. This bullish prediction comes amid increased Whale activity, with these investors moving over $700 million worth of XRP.
A measured SEC approach to crypto regulation could foster innovation, reduce legal uncertainty, and clarify digital asset classifications. The post Ripple CLO calls for SEC to avoid overreach in crypto oversight appeared first on Crypto Briefing.