BTC price returned to its peak, highlighting market volatility. XRP Coin gains support amid regulatory changes and potential White House appearances. Continue Reading: Crypto Market Faces Severe Losses as XRP Coin Rises Amidst Turmoil The post Crypto Market Faces Severe Losses as XRP Coin Rises Amidst Turmoil appeared first on COINTURK NEWS .
SEC Concludes Yuga Labs Investigation After 3+ Years: Tweet
Exciting news for the crypto world! A powerful, bipartisan force has emerged in Washington D.C., signaling a potential breakthrough for sensible digital asset rules in the United States. The newly formed Congressional Crypto Caucus is here, and it’s ready to champion clear and effective crypto regulation . Unveiling the Congressional Crypto Caucus: A Bipartisan Push for Crypto Legislation Spearheaded by House Representatives Tom Emmer and Ritchie Torres, the Congressional Crypto Caucus is a bipartisan group dedicated to fostering a regulatory environment that supports the burgeoning cryptocurrency industry. This isn’t just another committee; it’s a proactive bloc specifically designed to push forward legislation that the crypto community has been eagerly awaiting. According to a recent post by Fox Business reporter Eleanor Terrett on X (formerly Twitter), the caucus is laser-focused on garnering bipartisan consensus to finalize critical crypto legislation. Key Highlights of the Congressional Crypto Caucus: Bipartisan Leadership: Founded by Reps. Tom Emmer (Republican) and Ritchie Torres (Democrat), showcasing a united front across party lines. Legislative Focus: Prioritizing the passage of crypto-friendly legislation, with initial emphasis on stablecoin and market structure bills. Strategic Timing: Launching as President Trump advocates for U.S. leadership in digital assets and the Senate gears up for crypto-related reviews. Industry Support: Aimed at providing the much-needed regulatory clarity that crypto businesses and investors have been calling for. Why is Sensible Crypto Regulation So Crucial Now? The formation of this caucus comes at a pivotal moment. With digital assets becoming increasingly mainstream, the need for a clear and consistent regulatory framework is more pressing than ever. Without it, the U.S. risks falling behind other nations in harnessing the economic and technological potential of cryptocurrencies. President Trump’s recent vocal support for the U.S. to lead in the digital asset space underscores this urgency. His stance adds significant political weight to the ongoing discussions about crypto regulation . Furthermore, key legislative activities are already underway in the Senate. The Senate Banking Committee is preparing to examine Senator Bill Hagerty’s GENIUS Act, and Senator Tim Scott has set an ambitious goal to pass key crypto bills by April. These developments, combined with the launch of the Congressional Crypto Caucus, paint a picture of intensified efforts to bring clarity and structure to the U.S. crypto landscape. The current landscape highlights several key challenges that sensible crypto regulation can address: Challenge Impact on Crypto Space How Regulation Can Help Lack of Regulatory Clarity Hinders innovation, creates uncertainty for businesses, discourages investment. Provides clear rules and guidelines, fostering a stable and predictable environment. Investor Protection Concerns Increases risk of fraud and scams, erodes public trust in crypto. Establishes safeguards and consumer protection measures, enhancing market integrity. Market Fragmentation Creates inefficiencies, limits scalability, hinders wider adoption. Promotes standardization and interoperability, facilitating market growth. National Security Risks Potential for illicit activities, money laundering, and sanctions evasion. Implements AML/KYC compliance and monitoring frameworks, mitigating risks. The Power of Bipartisan Support: Can it Bridge the Crypto Divide? One of the most encouraging aspects of the Congressional Crypto Caucus is its bipartisan support . In today’s politically polarized climate, achieving consensus on complex issues like crypto regulation can be incredibly challenging. However, the collaboration between Reps. Emmer and Torres demonstrates a shared understanding of the importance of this issue, transcending party lines. Why is bipartisan support so vital for crypto legislation? Increased Likelihood of Passage: Bipartisan bills have a significantly higher chance of passing through both the House and the Senate. Wider Political Acceptance: Bipartisan backing signals broader political agreement, reducing potential future roadblocks. Long-Term Stability: Regulations enacted with bipartisan support are less likely to be drastically altered with changes in administration. Stronger Industry Confidence: A unified approach from both parties provides the crypto industry with greater confidence in the regulatory future. The caucus’s ability to foster and maintain this bipartisan momentum will be crucial to its success in pushing through meaningful crypto legislation. Decoding the Priority Bills: Stablecoins and Market Structure The Congressional Crypto Caucus has identified stablecoin and market structure bills as immediate priorities. But what exactly do these entail, and why are they so important? Stablecoin Legislation: Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. They are crucial for facilitating transactions within the crypto ecosystem and bridging the gap between traditional finance and digital assets. However, the lack of clear regulatory guidelines around stablecoins has raised concerns about their reserves, issuance, and potential risks to financial stability. Stablecoin legislation aims to address these concerns by: Establishing clear rules for stablecoin issuers regarding reserves and auditing. Defining regulatory oversight and enforcement mechanisms. Promoting consumer protection and ensuring stablecoin integrity. Market Structure Legislation: The current market structure for digital assets is fragmented and often lacks the robust investor protections found in traditional financial markets. Market structure legislation seeks to create a more organized and transparent environment for trading digital assets. This could involve: Defining which digital assets are considered securities and fall under SEC jurisdiction. Establishing regulatory frameworks for crypto exchanges, custodians, and other market participants. Promoting fair trading practices, preventing market manipulation, and enhancing price discovery. Passing these bills would represent a significant step forward in establishing a comprehensive regulatory framework for the crypto industry in the U.S. The Future of US Crypto Policy: Actionable Insights and What to Expect The formation of the Congressional Crypto Caucus is a powerful signal that momentum is building for US crypto policy clarity. While the path to comprehensive regulation is still unfolding, this initiative offers several actionable insights and points to potential future developments: Actionable Insights: Stay Informed: Keep a close watch on the progress of the Congressional Crypto Caucus and related legislative efforts. Follow updates from reputable crypto news sources and policy analysts. Engage with Policymakers: If you are part of the crypto industry or a concerned citizen, consider reaching out to your representatives in Congress to express your views on crypto regulation. Prepare for Regulatory Changes: Crypto businesses should proactively assess their operations and prepare for potential regulatory changes, particularly concerning stablecoins and market structure. Advocate for Sensible Regulation: Support initiatives and organizations that advocate for balanced and innovation-friendly crypto regulations. What to Expect: Increased Legislative Activity: Expect to see more debates, hearings, and potential votes on crypto-related bills in the coming months. Ongoing Industry Engagement: The Congressional Crypto Caucus is likely to engage with industry stakeholders to gather input and expertise as they develop legislation. Gradual Regulatory Clarity: While comprehensive regulation may take time, expect to see incremental progress, starting with stablecoin and market structure bills. Potential for US Leadership: If the U.S. can establish a clear and effective regulatory framework, it has the potential to once again lead the world in technological innovation, this time in the realm of digital assets. Conclusion: A Pivotal Moment for Crypto in the United States The launch of the Congressional Crypto Caucus is undoubtedly a significant development for the cryptocurrency industry in the United States. It represents a crucial step towards establishing a clear, sensible, and bipartisan approach to crypto regulation . As lawmakers on both sides of the aisle come together to address the challenges and opportunities presented by digital assets, there is a renewed sense of optimism that the U.S. can unlock the full potential of this transformative technology while safeguarding investors and ensuring market integrity. The coming months will be critical as the caucus works to translate its goals into tangible legislative progress, shaping the future of crypto in America and potentially setting a global example. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption.
President Donald Trump’s March 3, 2025, proposal to impose 25% tariffs on imported agricultural goods triggered sharp volatility in cryptocurrency markets, with bitcoin’s price oscillating between $85,101 and $93,695 amid broader financial turbulence. Trump Giveth and Then Taketh Away—All Eyes Are on the U.S. President Trump’s plan, set to take effect April 2, 2025, targets
Metaplanet has acquired an additional 156 Bitcoin (BTC) for approximately $13.4 million. The Japanese investment firm is also exploring a potential listing outside of Japan. Details From the Latest Buy CEO Simon Gerovich announced on X that the BTC was purchased at an average price of about $85,890 per BTC. The latest buy brings its total holdings to 2,391 BTC. The company reported a bitcoin yield of 31.8% for Q1 2025, following a 310% yield in Q4 2024. Last week, Metaplanet disclosed the purchase of 135 BTC , following earlier acquisitions of 68 BTC and 269 BTC in February. According to its “Bitcoin Plan,” shared on January 28, Metaplanet aims to accumulate 10,000 BTCC by the end of 2025 and 21,000 by the end of 2026. The latest purchase follows the company’s announcement of a $13.6 million issuance in zero-interest bonds to fund its bitcoin dream. On February 27, Metaplanet issued 40 ordinary bonds, each with a face value of 50 million yen, totaling 2 billion yen. These bonds carry no interest and will be redeemable in full on August 26, 2025. The proceeds from this initiative will be allocated to Evo Fund, Metaplanet’s Bitcoin acquisition fund. Metaplanet Evaluates International Listing Options The development comes after Gerovich met with officials at the New York Stock Exchange (NYSE) last week. “Metaplanet is a company of the future built on the Bitcoin standard and continues to grow steadily every day,” he wrote in a March 3 post on X. The executive also revealed that the outfit is evaluating ways to make its shares more accessible to investors worldwide. He emphasized that the Tokyo-listed firm aims to demonstrate that Japanese companies can be at the forefront of financial innovation and long-term value creation. Metaplanet (MTPLF) shares have been trading on OTC Markets since November 2024. OTC Markets is a U.S.-based financial market that provides price and liquidity information for approximately 12,400 over-the-counter securities, including those of international companies. Meanwhile, the shares have been one of the top-performing stocks on the Tokyo Stock Exchange over the last 12 months. According to Google Finance data , MTPLF stock has surged by over 1,800% during this period. The post Metaplanet Acquires 156 BTC, Bringing Total Holdings to 2,391 appeared first on CryptoPotato .
In a surprising turn of events, the cryptocurrency world is buzzing with news that has sent ripples of relief across the industry. The U.S. Securities and Exchange Commission (SEC) has reportedly dropped its highly scrutinized lawsuit against global crypto exchange platform, Kraken. This dramatic development, first reported by The Wall Street Journal, marks a significant shift in the regulatory landscape and raises crucial questions about the future of cryptocurrency regulation in the United States. For those closely following the ever-evolving world of digital assets, this news is nothing short of a seismic shift. Why Did the SEC Initially Target Kraken with a Lawsuit? To fully grasp the magnitude of the SEC’s decision to drop the SEC lawsuit Kraken , it’s essential to understand the initial grounds for the legal action. The SEC’s lawsuit, filed earlier, alleged that Kraken was operating in violation of securities laws by acting as an unregistered broker, dealer, exchange, and clearing agency. This broad categorization is at the heart of many regulatory battles in the crypto space. The core of the SEC’s argument rested on the premise that the cryptocurrencies traded on platforms like Kraken could be classified as securities, thus falling under the SEC’s jurisdiction. Here’s a breakdown of the SEC’s allegations: Unregistered Broker-Dealer: The SEC contended that Kraken facilitated the buying and selling of crypto assets that should be classified as securities without the necessary registration as a broker-dealer. Unregistered Exchange: The lawsuit argued that Kraken operated as an exchange, bringing together buyers and sellers of securities, again without proper registration with the SEC. Unregistered Clearing Agency: The SEC also claimed Kraken was functioning as a clearing agency by settling and clearing transactions, which requires separate registration. Operating as Multiple Entities Simultaneously: The SEC’s lawsuit was particularly critical of Kraken allegedly performing all these roles – broker, dealer, exchange, and clearing agency – under one umbrella without the requisite regulatory oversight. The court had initially sided with the SEC, ruling that the regulator had presented a valid argument that the cryptocurrencies traded on Kraken could indeed be considered securities. This initial ruling was a setback for Kraken and the broader crypto industry, as it seemed to validate the SEC’s aggressive regulatory stance. The Unexpected Turnaround: Kraken SEC Lawsuit Dropped Despite the initial court ruling favoring the SEC, Kraken decided to mount a defense and filed an interlocutory appeal. An interlocutory appeal is essentially an appeal made during an ongoing case, challenging a specific ruling before the final judgment. It appears that this appeal, or perhaps other factors behind the scenes, have led to a significant change in the SEC’s approach. The Wall Street Journal’s report indicates that the SEC has now decided to drop the Kraken SEC lawsuit altogether. While the exact reasons for the SEC’s change of heart remain officially undisclosed, several potential factors could be at play: Strength of Kraken’s Appeal: Kraken’s legal team may have presented a compelling case in their interlocutory appeal, highlighting weaknesses in the SEC’s arguments or presenting new evidence that challenged the SEC’s position. Shifting Regulatory Priorities: The SEC’s priorities can shift based on various factors, including internal discussions, political pressure, and the evolving crypto landscape. It’s possible the SEC decided to re-evaluate its resources and focus on other cases deemed more critical or winnable. Industry Pressure and Scrutiny: The crypto exchange lawsuit against Kraken, and similar actions against other crypto firms, have drawn considerable criticism from the crypto industry and legal experts. There’s growing debate about the SEC’s approach to regulation by enforcement and calls for clearer regulatory frameworks. This external pressure might have influenced the SEC’s decision-making. Potential for Protracted Legal Battle: Litigation, especially in complex areas like cryptocurrency law, can be lengthy and resource-intensive. The SEC may have assessed the potential costs and time commitment of a prolonged legal battle with Kraken and decided to withdraw, perhaps to reassess its strategy or focus on cases with stronger foundations. What Does This Mean for Crypto Exchanges and the Industry? The SEC dropping its lawsuit against Kraken is being widely interpreted as a positive signal for the cryptocurrency industry. Here’s why this development is significant: Reduced Regulatory Uncertainty: The lawsuit against Kraken contributed to the climate of regulatory uncertainty that has been hanging over the crypto industry in the U.S. The SEC dropping the case could be seen as a sign of potential softening in the SEC’s enforcement-heavy approach, offering a glimmer of hope for clearer and more constructive cryptocurrency regulation . Boost for Kraken: For Kraken specifically, this is undoubtedly a major victory. The lawsuit has been a significant overhang, potentially impacting its operations and reputation. The withdrawal of the lawsuit removes this immediate threat and allows Kraken to operate with less legal pressure. Potential Precedent: While each case is unique, the SEC dropping the Kraken lawsuit could set a precedent. It might signal a more cautious approach from the SEC in future enforcement actions against crypto exchanges, particularly those operating in a similar manner to Kraken. Industry Optimism: The news is likely to boost overall sentiment in the crypto market. Investors and businesses might interpret this as a sign that regulators are becoming more pragmatic or are re-evaluating their strategies, potentially leading to increased investment and innovation in the crypto space. Navigating the Future of SEC Crypto Regulation While the immediate relief from the Kraken lawsuit is palpable, it’s crucial to remember that the broader questions surrounding SEC crypto regulation remain. The SEC has not fundamentally changed its stance on whether cryptocurrencies can be considered securities. This instance might simply reflect a tactical retreat in a specific case rather than a wholesale shift in regulatory philosophy. Here are key takeaways and actionable insights for crypto businesses and enthusiasts: Continued Regulatory Scrutiny: Despite this positive development, crypto exchanges and other crypto businesses should still expect continued regulatory scrutiny. The SEC and other agencies are likely to maintain a close watch on the industry. Importance of Compliance: The Kraken case underscores the critical importance of compliance. Crypto platforms must prioritize understanding and adhering to existing regulations, even as the regulatory landscape evolves. Engaging with legal counsel and compliance experts is crucial. Advocacy and Dialogue: The crypto industry needs to continue engaging in constructive dialogue with regulators, advocating for clearer rules and frameworks that foster innovation while addressing legitimate concerns. Monitor Regulatory Developments: Staying informed about regulatory developments is paramount. Changes in SEC policy, court rulings in other cases, and legislative efforts can all impact the operating environment for crypto businesses. Focus on Decentralization and Innovation: While navigating regulations, the industry should continue to focus on the core principles of decentralization and innovation that underpin the crypto movement. Building robust, compliant, and user-centric platforms remains essential. Conclusion: A Sigh of Relief, But the Journey Continues The SEC dropping its lawsuit against Kraken is undoubtedly a moment of significant relief for Kraken and the broader cryptocurrency industry. It represents a potential shift in the regulatory narrative and offers a glimmer of hope for a more balanced and constructive approach to cryptocurrency regulation in the U.S. However, it is not the end of the regulatory journey. The underlying questions about how cryptocurrencies are classified and regulated persist. The industry must remain vigilant, proactive, and committed to working collaboratively with regulators to shape a future where innovation and responsible oversight can coexist. This unexpected turn of events serves as a powerful reminder of the dynamic and often unpredictable nature of the regulatory landscape in the world of digital assets. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency regulation and institutional adoption.
Recent developments surrounding President Donald Trump’s crypto initiatives have caused significant ripples in cryptocurrency markets, as major coins experience declines amidst economic tensions. This market downturn follows the announcement of
In the fast-paced world of cryptocurrency and blockchain, the backbone is powerful computing infrastructure. The demand for cutting-edge technology is relentless, and nations are vying for dominance in the AI race. But what happens when geopolitical tensions throw a wrench in the works? A recent report reveals a fascinating game of cat and mouse playing out in the global tech arena, particularly concerning access to the highly sought-after Nvidia Blackwell chips . The Great Wall of Export Controls: Can it Be Breached? The United States, aiming to maintain its technological edge and address national security concerns, has implemented stringent China export controls . These measures are designed to restrict China’s access to advanced semiconductors, especially those crucial for artificial intelligence development. Think of it as building a digital wall to slow down China’s progress in AI and related fields. These controls, particularly amplified under former President Biden’s administration, were intended to prevent China from acquiring sophisticated chips for military applications and to protect US technological leadership. The restrictions essentially ban the export of certain high-performance chips, like the Nvidia Blackwell series, directly to China. Unmasking the Sneaky Semiconductor Supply Chain: How China Gets Around the Ban Despite the seemingly impenetrable US chip ban , it appears that Chinese entities are finding ways to procure these coveted Nvidia Blackwell chips . According to a Wall Street Journal report, a network of third-party traders operating in regions like Malaysia, Taiwan, and Vietnam is acting as intermediaries. Here’s how this intricate workaround functions: Strategic Hubs: Companies in countries outside the direct purview of US export controls, such as Malaysia, Taiwan, and Vietnam, purchase computing systems containing Nvidia Blackwell chips. Redistribution Network: These entities then discreetly resell a portion of these advanced systems to companies within China. Indirect Access: Effectively, this creates an indirect route for China to access the very technology the US is trying to restrict. This revelation highlights the complexity and potential limitations of export controls in a globalized world. It suggests that while direct sales might be blocked, determined buyers can often find alternative channels to acquire desired technologies. This also raises questions about the effectiveness of current export control strategies and whether they can truly contain the flow of advanced technology. Why are Nvidia Blackwell Chips So Desirable? The AI Gold Rush The buzz around Nvidia Blackwell chips isn’t just hype. These semiconductors are at the forefront of AI innovation, offering unparalleled processing power crucial for: Training Large Language Models (LLMs): The foundation of generative AI, LLMs require immense computational resources, and Blackwell chips are designed to handle these demands efficiently. Data Centers: Modern data centers powering cloud services, AI applications, and cryptocurrency mining operations rely heavily on high-performance GPUs like the Blackwell series. Advanced AI Research: Cutting-edge AI research, spanning from autonomous vehicles to drug discovery, thrives on the processing capabilities offered by these chips. China’s ambition to become a global leader in AI fuels its demand for these top-tier chips. Access to Blackwell chips is seen as essential for Chinese companies to compete in the rapidly evolving AI landscape and maintain their technological momentum. The Tech Industry’s Tightrope Walk: Profits vs. Politics in Semiconductor Exports The US export controls are creating a delicate balancing act for tech giants like Microsoft and Nvidia. While adhering to regulations is paramount, these companies also have significant business interests in the massive Chinese market. Consider these points: Microsoft’s Plea: Reports indicate that Microsoft has urged President Trump to reconsider easing these restrictions. Their rationale is clear: they want access to China’s burgeoning AI market. Nvidia’s Stance: Initially, Nvidia expressed concerns that the export restrictions would “derail” global innovation. While they are complying with regulations, the circumvention highlighted in the report suggests the market demand is potent. Economic Implications: Restricting trade with China, a major consumer of semiconductors, can have significant economic consequences for US chip manufacturers. Balancing national security with economic prosperity is a complex challenge. China’s Countermoves: Navigating the New Tech Landscape China isn’t passively accepting these restrictions. Alongside seeking alternative procurement routes, they are also actively encouraging their domestic AI ecosystem. Recent reports of China advising its AI researchers to avoid visiting the US signal a growing emphasis on self-reliance and technological independence. This move could be interpreted as: Mitigating Risks: Concerns about intellectual property and potential scrutiny in the US might be driving this advisory. Boosting Domestic Innovation: By fostering a closed-loop innovation ecosystem, China aims to accelerate its indigenous semiconductor and AI development. Strategic Autonomy: Ultimately, these actions point towards China’s long-term goal of achieving technological self-sufficiency and reducing reliance on foreign technologies. The Unfolding Saga of Semiconductor Exports: What’s Next? The revelation that Chinese buyers are securing Nvidia Blackwell chips despite China export controls underscores the ongoing tension and intricate dynamics in the global semiconductor exports landscape. The situation highlights: Efficacy of Export Controls: The effectiveness of current export control measures is being questioned. Determined actors can find ways to circumvent restrictions, necessitating a continuous evaluation and adaptation of strategies. Global Supply Chain Complexity: The interconnected nature of global supply chains makes enforcing export controls challenging. International cooperation and vigilance are crucial. The AI Race Intensifies: The demand for advanced AI chips remains incredibly high, driving innovation and also prompting strategic maneuvering to secure access, regardless of regulatory hurdles. The story of Nvidia Blackwell chips reaching China despite the US chip ban is a powerful reminder of the relentless global pursuit of technological advancement and the intricate dance between innovation, geopolitics, and economic interests. As the AI race accelerates, expect further developments and adaptations in the strategies employed by nations and companies alike to navigate this complex terrain. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
XRP price is consolidating within a Wave 4 formation, maintaining a structured pattern that aligns with technical expectations. The top altcoin has bounced off a key support level, now forming a triangle pattern, suggesting a period of price compression before a breakout. Analysts are watching the $3.05 resistance level, as a decisive move above this point could open the door to higher targets. XRP Price Triangle Formation Holds Analyst Casi Trade shared on X (formerly Twitter) that XRP price is holding support at $2.565 within a Wave 4 consolidation, respecting a triangle formation. The altcoin has remained within this pattern, which traders expect to lead to a breakout. Technical analysis suggests that if XRP price can break through the $3.05 resistance level, it may gain momentum toward $3.57. This area aligns with the 1.0 Fibonacci extension and the upper trendline, marking a key test for bullish continuation. However, if the altcoin fails to maintain support at current levels, further downside movement could be observed. Therefore, market investors are monitoring whether XRP price will continue consolidating within the triangle or initiate a breakout move. Price compression within this structure often precedes a surge in volatility, making the upcoming sessions critical. Notably, supporting the bullish outlook, earlier on, another analyst predicted XRP price could hit $70 in the coming years. The altcoin price prediction aligns with growing market confidence and rising futures interest. With strong support and key resistance levels ahead, XRP price trajectory remains a hot topic among investors. Wave 2 Pullback Expected After Breakout If XRP price successfully surpasses $3.05 and reaches new highs, analysts anticipate a Wave 2 retracement before further upward movement. The expected pullback range is between $2.40 and $2.50, depending on the eventual high of the current trend. Source: X Wave 2 corrections are a normal part of price movements in Elliott Wave Theory, often providing a re-entry opportunity before the next bullish wave unfolds. The next key milestone for XRP will be determining the depth of the pullback and whether buyers step in to support higher lows. A breakout followed by a retracement would confirm the start of a new trend cycle. If buying momentum remains strong, traders may look toward levels beyond previous all-time highs. Whales Accumulate as Market Sentiment Shifts Moreover, on-chain data indicates that large investors have accumulated nearly 1 billion XRP in the past 24 hours. Analyst Ali Martinez highlighted data from Santiment showing a sharp decline in whale holdings, followed by a significant recovery. Source: X The accumulation pattern suggests that whales used a recent price dip to purchase large amounts of XRP, positioning for an upward move. Wallets holding between 10 million and 1 billion XRP saw fluctuations, with a recent surge indicating renewed buying interest. Institutional and high-net-worth investors often influence market trends, and their activity in the current consolidation phase suggests confidence in future price appreciation. If accumulation continues, XRP price may gain additional support for an eventual breakout past the $3 Ripple price target. Meanwhile, XRP whales may have taken advantage of the recent crypto market crash to accumulate more tokens at lower prices. As Bitcoin filled key CME gaps, altcoins like XRP followed the downtrend due to their strong correlation. However, analysts suggest that once these gaps are filled, the market could see a potential rebound. The post XRP Price Forms Triangle Pattern As Bulls Target Breakout Above $3 appeared first on CoinGape .
President Donald Trump's influence is being felt in the crypto markets, with coins falling alongside stocks ahead of tariffs taking effect.