The post XRP News Today: Price Dips Below $2 After 15% Crash, What’s Next? appeared first on Coinpedia Fintech News XRP has taken a major hit, dropping more than 15% and falling below the crucial $2 mark. This sharp decline is part of a broader market correction affecting major cryptocurrencies. Bitcoin has slid below $78,000, and Ethereum is now trading under $1,600 after a 15% crash, hinting that the entire crypto market is under pressure. Looking at XRP’s price action, the bearish trend has been building for months. According to analyst Josh of Crypto World, the 3-day chart, there’s a clear bearish divergence that’s finally playing out, confirming what many analysts had warned about. Even short-term bullish signals have been invalidated after the RSI (Relative Strength Index) broke down. This suggests that the positive momentum from a few days ago has faded quickly. Key support levels for XRP are now at risk The price is testing the $1.95–$2.05 range, which has been a critical barrier. If XRP closes below $1.95—and especially if it drops under $1.90—things could get worse. This could push XRP toward the $1.40–$1.50 range, meaning another 20–30% drop. However, all is not lost. The crypto market is known for its volatility, and that creates opportunities for traders. If XRP can quickly regain its footing above the key support zone, it might reverse the downward trend. Analysts like Egrag Crypto have stated that as long as XRP remains above $2, it is on solid ground. Previously, it was suggested that $2 would mark the FOMO stage and the beginning of a big rally. However, with the price now dipping below that level, it remains uncertain how the market will react.
Futures tied to major tokens saw over $840 million in long liquidations in the past 24 hours as a bitcoin (BTC) plunge led to losses among major tokens, with some falling nearly 14%. CoinGlass data shows that bitcoin traders betting on higher prices lost over $322 million, while bets on ether (ETH) lost nearly $290 million. Smaller alternative tokens (altcoins) recorded nearly $400 million in liquidations — with futures tracking xrp (XRP) and Solana’s SOL seeing an unusually high $80 million in cumulative liquidations. BTC slid to under $77,000 in its worst start to a historically bullish month late Tuesday, with ether (ETH) down 15% to $1,500. SOL, XRP and dogecoin (DOGE) slid as much as 15%, before slightly recovering in Asian morning hours, with BNB Chain’s bnb holding relatively stronger with a 6% slide. The nosedive in majors was reflected across midcaps and smaller tokens — all showing drops of over 10-20% as per CoinGecko . Data shows that nearly 86% of all futures bets were bullish. Traders were positioning for higher prices in the weeks ahead on expectations that current ongoings were likely priced in and that markets could see near-term relief. A liquidation occurs when an exchange forcefully closes a trader's leveraged position due to the trader's inability to meet the margin requirements. Large-scale liquidations can indicate market extremes, like panic selling or buying. A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment. Global equities and risk assets such as bitcoin took a hit Monday as investors continue to remain fearful of the fallout from the Trump tariffs, sending U.S. stock index futures lower by about 5% as trading resumed after the weekend. Hedge fund billionaire Bill Ackman urged the president not to go through with economic "nuclear war" and instead call a "time out" on Monday.
Dogecoin (DOGE) is currently at a pivotal point, as its prolonged consolidation could indicate a reaccumulation phase and potential for reduced short-term volatility. Recent market observations suggest that DOGE’s stable
Singapore, Singapore, April 7th, 2025, Chainwire LBank( lbank.com ), a leading global cryptocurrency exchange, has recently released its Q1 2025 report, showcasing remarkable achievements in the memecoin sector that have captured significant market attention. By leveraging its strengths, LBank has setted a high benchmark for competitors and reinforced its appeal to traders and investors alike. In Q1 2025, LBank listed 366 new assets, with memecoins accounting for 185( 51%)，underscoring the LBank’s focus on this vibrant and rapidly evolving asset. Among these, several memecoins recorded extraordinary gains include $TST with an astonishing 6,842% surge, $TRUMP at 5,654%, $PAIN at 3,329%, and $VINE at 2,413%. Especially, $GRIFT emerged as a standout, commanding a 54% market share—far surpassing other centralized exchanges and highlighting LBank’s dominance in meme trading. Trading volume data further illustrates the memecoin frenzy on LBank. The top three memecoins by transaction volume in Q1 2025 were $DOGE, $FARTCOIN, and $TRUMP, representing 13.25%, 13.18%, and 7.39% of the total memecoin trading volume, respectively. These figures reflect the strong user interest and growing appeal of emerging memecoin assets, a trend that LBank has aptly capitalized on. This surge in activity underscores the exchange’s ability to identify and promote high-potential assets that resonate with its user base. By ensuring ample liquidity, LBank safeguards investors and delivers a seamless trading experience, even during periods of high volatility. The exchange’s daily memecoin trading volume has seen a dramatic rise, climbing from 4.84% in Q1 2024 to 7.42% in Q1 2025. Concurrently, the proportion of memecoin traders on the platform has grown from 34.91% to 41.62%, reflecting LBank’s increasing popularity among memecoin enthusiasts. This growth is a testament to the exchange’s sharp market insight and flexible listing strategies, which have positioned it as a go-to platform for memecoin trading. Beyond its trading achievements, LBank has actively contributed to the broader memecoin ecosystem. In Q1 2025, the exchange introduced key trading keywords such as "Fastest Listing" and "Top1 in Meme Liquidity," emphasizing its operational strengths. Additionally, LBank led a seven-party coalition in a $15 million donation to DEXX, demonstrating its commitment to fostering innovation and collaboration within the crypto world. These efforts were recognized by Coingape, which honored LBank with the title of "Top Exchange for Meme Investments" further cementing its leadership in the memecoin domain. As the leading exchange in the meme economy, LBank continues to deliver a superior trading experience by swiftly capturing emerging opportunities in the memecoin market. With a strong focus on liquidity, seamless user experience, and strategic partnerships, LBank remains the go-to exchange for meme traders worldwide. As memecoins evolve into a more significant asset class, LBank is well-positioned to lead the next wave of market expansion and innovation. About LBank Founded in 2015, LBank is a leading global cryptocurrency exchange , serving over 15 million registered users in more than 210 countries and regions. With daily trading volume of more than $3 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets. As a pioneer in the Meme coin market, LBank has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors. Follow LBank for Updates Website: https://www.lbank.com/ Twitter: https://twitter.com/LBank_Exchange Telegram: https://t.me/LBank_en Instagram: https://www.instagram.com/lbank_exchange LinkedIn: https://www.linkedin.com/company/lbank ContactPR & Communications TeamLBankpress@lbank.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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DOGE's extended consolidation suggests accumulation. Can it help reduce short-term volatility?
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Ethereum price failed to recover above $1,820 and dropped below $1,650. ETH is now consolidating losses and might face resistance near the $1,675 zone. Ethereum failed to stay above the $1,650 and $1,620 levels. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $1,775 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at risk of more losses below the $1,550 support zone. Ethereum Price Dips Further Ethereum price failed to stay above the $1,800 support zone and extended losses, like Bitcoin . ETH declined heavily below the $1,750 and $1,700 levels. There was a break below a connecting bullish trend line with support at $1,775 on the hourly chart of ETH/USD. The bears even pushed the price below the $1,600 level. A low was formed at $1,537 and the price recently corrected some losses. There was a move above the $1,580 level. The price tested the 23.6% Fib retracement level of the downward move from the $1,815 swing high to the $1,537 low. However, the bears are active near the $1,600 zone. The price is now consolidating and facing many hurdles. Ethereum price is now trading below $1,650 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $1,600 level. The next key resistance is near the $1,675 level or the 50% Fib retracement level of the downward move from the $1,815 swing high to the $1,537 low. The first major resistance is near the $1,710 level. A clear move above the $1,710 resistance might send the price toward the $1,820 resistance. An upside break above the $1,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,600 resistance, it could start another decline. Initial support on the downside is near the $1,550 level. The first major support sits near the $1,535 zone. A clear move below the $1,535 support might push the price toward the $1,420 support. Any more losses might send the price toward the $1,400 support level in the near term. The next key support sits at $1,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,550 Major Resistance Level – $1,600
The post Crypto News Today: SEC’s Mark Uyeda Investigates Bill Hinman’s 2018 Crypto Speech appeared first on Coinpedia Fintech News Big news from the SEC—Acting Chair Mark Uyeda has asked the team to take a fresh look at how the government is currently handling crypto risks and regulations. This comes as part of an effort to align with Executive Order 14192, which focuses on cutting red tape and making regulations more business-friendly. One of the first targets is the 2019 Framework for Investment Contract Analysis of Digital Assets. This document was based on a 2018 speech by former SEC official Bill Hinman, where he suggested that whether a crypto token is considered a security depends more on how centralized the project is, rather than how it was sold. That idea has been pretty controversial in the crypto world, and it looks like the SEC is ready to reconsider it. Statement from Acting Chairman Mark Uyeda: Pursuant to Executive Order 14192, Unleashing Prosperity Through Deregulation, together with recommendations from DOGE, I have requested Securities and Exchange Commission staff promptly to review the following staff statements. — U.S. Securities and Exchange Commission (@SECGov) April 5, 2025 Uyeda isn’t just looking at Bill Hinman’s 2018 crypto speech—he’s also reviewing key documents, including: A 2022 guide for crypto companies on market chaos and bankruptcies. A 2021 risk alert about crypto investor threats due to unclear rules. A 2020 memo questioning if banks can legally hold digital assets. A 2021 advisory on mutual funds investing in Bitcoin futures. A 2020 note on COVID-19’s impact on company disclosures. The review aims to roll back some of the stricter rules put in place during Gary Gensler’s time as SEC Chair. Gensler was known for his tough stance on crypto, which many felt was more about blocking innovation than protecting investors. His approach even got called “arbitrary and capricious” by courts more than once. Now, with Uyeda leading the charge and folks like Hester Peirce and Paul Atkins pushing for more transparency, it looks like the SEC is opening up. They’ve been holding crypto roundtables, meeting with industry leaders, and even had a sit-down with BlackRock recently to discuss crypto ETFs and related issues. It’s clear the SEC is starting to clean house, getting rid of outdated rules, and making room for a crypto-friendly future. Investors and crypto enthusiasts are definitely watching closely to see what changes come next.