Bullish for now, but a long-term correction may follow.
According to expert analysts, the XRP price is showing renewed bullish momentum, with projections suggesting a potential rally to the 1.618 Fib at $21 this bull cycle. While this projection may seem ambitious, the analyst’s bullish outlook doesn’t stop there. Once XRP hits $21, it is expected to continue its upward trajectory toward its next target of $152. XRP Price Eyes Powerful Breakout To New Targets A recent technical analysis of XRP’s long-term price chart is igniting significant buzz in the crypto community, as the altcoin appears to be forming a familiar pattern that previously led to exponential gains. The chart, published by a well-known crypto expert, Javon Marks, suggests that XRP could be on the brink of a powerful price breakout, with expectations pointing toward the $21 price level and beyond. Related Reading: Wave Structure Puts XRP Price In The $18.22-$23.20 Range In The Short Term Marks’ analysis identifies two major symmetrical triangle formations in XRP’s price history—one that preceded its explosive rally in 2017 and another that concluded with a fresh breakout in 2024. In the earlier cycle, XRP surged thousands of percent after breaking out of its consolidation pattern, topping near the 2.272 Fibonacci level. This historical price movement is now being used to forecast what could come next for the altcoin. According to the chart, XRP recently rose to the 1.0 Fibonacci level near $3.31 but retraced back toward $2. If the current cycle mirrors the previous one, Marks predicts that the next significant level of interest lies at the 1.618 Fibonacci Extension level, which aligns with the $21 price target. Notably, a surge to this double-digit territory would represent an over 800% increase from current levels around $2.23. However, Marks’ optimistic projection does not stop there. Should XRP replicate the full extension it made in the past, the price is forecasted to reach the 2.272 Fibonacci level once again, this time sitting around a jaw-dropping $152. While this forecast may seem over the top, the analyst has shown strong confidence in XRP’s future price outlook, utilizing past price action as a blueprint and technical indicator to determine the altcoin’s upside potential. Analyst’s XRP Forecast Met With Skepticism On one hand, Marks’ bullish XRP price forecast was met with excitement, and on the other, the majority of crypto community members expressed doubts about the overly ambitious targets. The projection of a move to $21 and possibly even higher to $152 has been met with caution and skepticism among community members. Related Reading: Bullish Candle Formation Suggests The XRP Price Could Touch $22 While historical patterns can provide a roadmap to a potential price rally, critics responding to Marks’ analysis argue that reaching the triple-digit territory is virtually impossible for XRP currently. One member suggested that a more realistic target for the altcoin was between $13 and $20. Others questioned the feasibility of hitting these bullish targets within the proposed timeline, debating whether it could happen by the end of 2025 or even Q1 2026. Featured image from Getty Images, chart from Tradingview.com
Cryptocurrency analysis firm CryptoQuant has pointed out a notable whale movement in the Bitcoin market. According to data shared by the company, new investor wallets holding 1,000 BTC and above, or “new whales,” have been accumulating record levels of Bitcoin in recent months. CryptoQuant’s focus indicator, “New Whale-Held Supply,” focuses on large wallets created in the last six months. This analysis ignores long-dormant cold wallets and only considers new investment decisions. Related News: Bitcoin Critic Jamie Dimon's Company JPMorgan Makes Major Cryptocurrency Move Highlights from March 1 to June 4, 2025: The amount of Bitcoin held by new whales has doubled: from approximately 500 thousand BTC to 1.1 million BTC. This means an increase of 600 thousand BTC (about $63 billion). Their share of the total circulating supply increased from 2.5% to 5.6%. This increase indicates that an amount of supply equivalent to approximately ten months of Bitcoin mining production has been withdrawn from the market. According to the analysis company, the average age of Bitcoins held by these whales is low. This shows that there has been a recent purchase, meaning that there has been a new capital inflow into the market. This is not a wallet exchange of old investors, but a direct purchase. The rapid accumulation of newly minted Bitcoins in these large wallets is squeezing supply in the market. Similar supply crunches have been observed in the past before sudden price increases, according to analysts. Additionally, this group of investors with large capital and aggressive buying is likely preparing for possible macroeconomic developments such as interest rate cuts or new money inflows into crypto asset investment funds (ETFs), according to CryptoQuant. *This is not investment advice. Continue Reading: Fresh Whales Are Very Active in Bitcoin: They Are Accumulating BTC at Record Levels – Here’s What It Means
The outcomes of Trump and Xi's meeting will impact cryptocurrency trends. Ethereum's breakout could target either $3,100 or test lower grounds. Continue Reading: Bitcoin’s Journey to Stability: What Lies Ahead? The post Bitcoin’s Journey to Stability: What Lies Ahead? appeared first on COINTURK NEWS .
Semler Scientific’s recent $20 million Bitcoin purchase marks a notable expansion of institutional crypto adoption into the medical technology sector. The company now holds 828 BTC, positioning Bitcoin as its
According to the payments company, it had secured approval across a patchwork of regulatory regimes in individual US states allowing it to operate across the country.
A Wells Fargo customer has been sentenced to prison after taking advantage of an arrangement with the bank to steal hundreds of thousands of dollars. The United States Attorney’s Office for the Eastern District of California says 69-year-old Kenneth Gould, who ran a payroll services firm, has been sentenced to one year in prison after stealing $830,000 and pleading guilty to bank larceny. Court documents show Gould started executing fraudulent ACH payments from a client’s account to his own payroll company’s account at Wells Fargo in October 2017. Gould’s payroll services firm, which was based in Clovis, California, had a prior relationship with Wells Fargo, where the bank would credit all or a portion of the payments to the receiving account before the ACH transfers cleared. When Wells Fargo discovered that the sending account had insufficient funds to cover the transfers, it abruptly blocked the payments and tried to recover the money initially sent. But it was too late, because Gould had quickly withdrawn those funds using cashier’s checks. Gould had promised Wells Fargo that he would return the funds, but he never did. Says the federal announcement, “Gould gave the stolen money to the client from whose account he initiated the fraudulent payments because he had loaned that individual money and was hopeful that the individual would one day pay him back. The client then gambled the money away.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action 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 Customer Who Stole $830,000 From Wells Fargo After Initiating Fraudulent Payments Sentenced to Prison appeared first on The Daily Hodl .
Binance, the world’s largest cryptocurrency exchange by trading volume, is launching a new program to help improve liquidity in the altcoin market. According to the announcement, the Altcoin LiquidityBoost Program aims to support smaller market-making firms and give them a better chance in the market. The Altcoin Liquidity Program Rewards Market Makers The program aims to improve trading and price efficiency for selected altcoin pairs by encouraging liquidity providers. Participants who qualify can earn up to 1 basis point (bps) or 0.01% rebates for providing liquidity on eligible altcoin spot trading pairs. Binance mentioned that this rebate structure will help lower costs for smaller market makers and invite more individuals to trade altcoins. Notably, market-makers can start applying to join the program on June 9. Those who meet Binance’s requirements will begin to receive rebates on June 17. Meanwhile, Binance has yet to share the exact criteria to make market-makers eligible. However, this move demonstrates Binance’s commitment to improving the market and supporting a variety of options within the ecosystem. Binance New Program Support 18 Altcoins At launch, the program will support 18 altcoins. The altcoins include STO/USDT, SYRUP/USDT, SXT/USDT, BABY/USDT, FIL/USDT, WCT/USDT, ONDO/USDT, TON/USDT, KMNO/USDT, and IOTX/USDT. The program will also support W/USDT, HYPER/USDT, PARTI/USDT, ICP/USDT, KERNEL/USDT, CFX/USDT, EOS/USDT, and INIT/USDT. Some years ago, Binance launched a market maker program , as reported by TheCoinRise. Users whose monthly trading volumes exceeded 1,000 Bitcoins and who also had quality market-making strategies joined the program. Binance explained that the initiative aimed to bring more liquidity to the exchange. Binance to Drive Crypto Growth Recall that the exchange joined the Kyrgyz government to boost the country’s digital economy . Binance’s partnership opens the door to crypto payments, better financial education, and support for new Web3 projects in the region. As part of the signed agreement, the trading platform will help introduce its subsidiary BPay Global Service in Kyrgyzstan. This payment platform enables fast and secure crypto payments, even across borders. Kyrgyzstan’s deal with Binance is part of a growing global movement in the crypto industry. More countries are working closely with crypto firms to build digital economies . Governments are beginning to view crypto and blockchain technologies as a means to improve financial systems and give people better access to digital tools. The post Binance Launches Altcoin LiquidityBoost Program appeared first on TheCoinrise.com .
The chief executive of crypto asset management firm Bitwise says that now is the best time for Bitcoin ( BTC ) bulls as the risk associated with the flagship crypto asset has been drastically lowered. In a new interview with CNBC Television, Bitwise CEO Hunter Horsley says that the risk of allocating to crypto assets has been “substantially reduced,” paving the way for investors to build up their portfolios. According to Horsely, investors willing to take the risk may want to consider building their positions now before the mainstream realizes what’s going on. “It is really the best time for investors. Why is that? Because as an investor, your job is to take risks. You have to take risks as an investor. There’s no free lunch in investing. You have to take risks and then you want to be compensated for those risks. And this year, for the first time, the biggest risk of the space has been removed. So the return potential is still there and immense and you probably heard all sorts of Bitcoin price predictions and so on and so forth, but the risk has been substantially reduced. So you have that return potential but finally this overhang [of] risk has moved away. And so I think a lot of the world is busy with other things, they’re not focused every day on Bitcoin and so they haven’t gotten around yet to reunderwriting and engaging with the category, which means there’s still an incredible opportunity for investors who do have that time or are willing to spend that time to take advantage of the risk reduction that’s taken place this year and build a position in advance of the rest of the world.” Bitcoin is trading for $105,479 at time of writing, a 1.2% decrease over the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action 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 Bitwise CEO Hunter Horsely Says Now the Best Time for Bitcoin Bulls As Risk Becomes ‘Substantially Reduced’ for BTC appeared first on The Daily Hodl .
Webus International Limited has taken a significant step towards integrating XRP into its financial operations by filing Form 6-K with the SEC to establish an XRP treasury. The Hangzhou-based AI