Airdrops overhyped? Ripple CTO David Schwartz delivers reality check
The certainty of regulation and the influx of institutional investment and interest means that industry CEX titans will have to compete with TradFi banks and brokers.
XRP price fell as low as $2.30 on Sunday, January 5, down 7% within the 24-hour timeframe. Recent trading data shows that XRP is witnessing intense sell-side pressure. Is XRP price at risk of double-digit losses in the week ahead? XRP Price Retraces 7% as Profit-Taking Begins XRP price action has experienced downward volatility in the last 24 hours, after a remarkable start to 2025. As the global crypto market rally entered its 5th day, investors began to reshuffle capital across the markets, with the likes of XRP and Shiba Inu ( SHIB ) witnessing bearish tailwinds. XRP Price Action | XRPUSD The TradingView chart above illustrates how XRP prices climbed 25% between December 30 and January 4. But after a 5-day winning streak, early profit-taking signals have emerged as XRP price retraced 7% from $2.50 to $2.33 in the last 24 hours. With the broader crypto market sentiment still largely positive, recent declines in XRP transaction volumes suggest traders could be rotating gains towards other assets. CryptoQuant Data Signals Growing Sell-Side Pressure Failure to breach the $2.50 resistance on January 4 has dampened bullish momentum within the XRP markets over the last 24 hours. However, derivatives markets data show active holders ramped up sell-side pressure since January 2. Indicatively, CryptoQuant’s Taker Buy/Sell ratio tracks and compares the volume of buy orders to sell orders executed at current market rates. Taker Buy/Sell ratio values below 1 signal bearish dominance, where sellers exiting at current prices outpace willing buyers. Ripple (XRP) Taker Buy/Sell Ratio | Source: CryptoQuant The chart above shows that XRP Taker Buy/Sell ratio fell as low as 0.93 on Sunday, January 5, signaling that sell order volumes have outpaced demand in each of the 3 previous trading days. This evidently set the stage for the 7% price dip experienced in the last 24 hours. If this shortfall in market demand persists relative to supply, XRP prices could face additional downside risks in the week ahead. XRP Price Forecast: Bulls Could Regroup at $2.20 Support Level XRP’s recent 7% price dip has been driven by a rapid profit-taking frenzy, with the Taker Buy/Sell ratio dropping to 0.93 as of January 5. This indicates a consistent dominance of sell orders over buy orders in the past three trading days, leading to intensified downward pressure. If this imbalance between supply and demand persists, XRP could face further declines in the short term. Trading volumes have been gradually decreasing, signaling weak participation from both buyers and sellers. The Relative Strength Index (RSI) is trending downward at 53.69, suggesting more downside potential before approaching oversold territories. In terms of short-term XRP price forecasts, immediate support lies at $2.27, which aligns with the lower Bollinger Band. A breach below that key XRP support level could extend the reversal toward $1.85. XRP Price Forecast | XRPUSD On the upside, the recent peak at $2.50, which aligns with the middle Bollinger Band, acts as immediate resistance. A sustained recovery above this level could pave the way for XRP to retake the $3 mark. If XRP rebounds from $2.20 and buyers regain dominance, the price could climb back toward $2.35, and a breakout above $2.52 would invalidate the bearish outlook. However, if selling pressure continues and XRP loses $2.20 support, the next leg down to $1.85 could materialize quickly. The post XRP Price Risks 20% Reversal as Sellers Gain Ground appeared first on CoinGape .
Ripple’s consolidation within the $2-$3 range reflects a period of indecision in the market, with a breakout above $3 paving the way for a sustained bullish trend. Its next significant trend depends on the potential direction toward which the range would break out. XRP Price Analysis By Shayan The Daily Chart After failing to breach the critical $3 resistance, XRP has entered a consolidation phase within the decisive $2-$3 range. During this period, the price has formed a sideways wedge pattern. The cryptocurrency recently found support at the wedge’s lower boundary near $2, followed by a bullish surge toward the upper trendline around $2.3. A breakout above the wedge’s top boundary could signal further upward momentum, potentially propelling XRP toward the $3 resistance level. Conversely, a rejection at this threshold would likely prolong the consolidation phase in the short term. Source: TradingView The 4-Hour Chart The 4-hour chart highlights a strong support region defined by the 0.5 ($2) and 0.618 ($1.9) Fibonacci retracement levels. This zone has consistently acted as the primary defense for the buyers, preventing significant price declines. Recently, XRP rebounded from there, triggering an influx of buying activity and initiating a bullish reversal. Despite this recovery, the altcoin remains confined within the $2-$3 range. Buyers are making attempts to push the price toward the upper boundary, but a valid breakout is required to determine the its next major move. Until such a breakout occurs, heightened volatility and continued consolidation are expected. Source: TradingView The post Ripple Price Analysis: What’s Next for XRP Following 8% Weekly Surge? appeared first on CryptoPotato .
Victoria, Seychelles, January 5th, 2025, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, is pleased to announce adjustments to the minimum price decimal (i.e., the smallest unit of price fluctuation) for 39 spot trading pairs. These changes aim to enhance the trading experience for users and will take effect at 11:00 on January 2, 2025 (UTC) . The adjustment process is expected to take approximately 5-10 minutes . The minimum price decimal for several trading pairs will be updated to better align with market trends and ensure more efficient trading. This adjustment affects popular trading pairs, including QNT/USDT, HYPE/USDT, PEPECOIN/USDT, and many more. For example, some pairs will see their smallest unit of price fluctuation reduced from 0.00001 to 0.001, while others will adjust from 0.000001 to 0.0001. Key Notes on the Adjustment Process Orders Placed Before Adjustment : Orders placed before the decimal adjustment, including planned orders, stop-loss orders, and trailing orders, will be executed based on the original price decimals set by the user. Potential Issues During the Adjustment : Spot trading pair strategies may not initiate successfully. Spot grid strategies and spot Martingale strategies could terminate automatically due to abnormalities. Users experiencing any issues during the adjustment period are advised to: Wait for 5-10 minutes for the changes to take full effect. Restart the Bitget APP or update to the latest version. Switch trading pairs and retry trading once the adjustment is complete. Bitget sincerely apologizes for any inconvenience caused during this transition and appreciates the user’s understanding and support. These changes are part of their ongoing commitment to enhancing the trading experience and providing innovative tools to empower their users. About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to their Terms of Use . Contact Public Relations Media Bitget media@bitget.com
As February approaches, traders and analysts are closely watching Ethereum, historically one of its best-performing months. February has yielded significant returns for Ethereum over the years, fueling optimism among investors
Dogen, a new meme coin, is rapidly gaining attention, drawing comparisons to market giants and reshaping the meme coin landscape. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogen, a new meme coin, is rapidly gaining attention, drawing comparisons to market giants and reshaping the meme coin landscape. Table of Contents DOGEN: The alpha meme token taking over the crypto world Shiba Inu: The Ethereum-based meme coin with growing potential PEPE meme coin: Deflationary tribute to Pepe the Frog on Ethereum Conclusion In the ever-changing world of cryptocurrencies, a surprising new player is emerging. Dogen , a recently launched meme coin, is making significant waves. Its rapid growth is drawing comparisons to popular tokens that have dominated the market. As its influence expands, many wonder about its potential impact. Could Dogen be poised to redefine the meme coin landscape? The answer might surprise even the most seasoned crypto enthusiasts. You might also like: Chart-topping potential: $0.0015 Dogen could overtake Dogecoin by market cap in 2025 DOGEN: The alpha meme token taking over the crypto world Move over, Doge, Shib , and Floki — DOGEN has entered the arena, and it’s here to dominate. This Solana -powered powerhouse isn’t for the faint-hearted; it’s for fearless holders ready to ride the biggest wave in crypto. With a 700% surge expected in the coming months, DOGEN is primed to deliver jaw-dropping, thousand-fold gains. Hardcore gains for hardcore believers DOGEN isn’t just about hype — it’s about rewards. For its die-hard supporters, the project offers exclusive airdrop perks and a fierce referral program: Earn 20% Golden Points from recruits’ token purchases. Pocket 7% bonuses on direct referrals (1st level) and unlock even more rewards as a network grows. Built to lead the altseason With no dips and no drama, DOGEN is set to smash through all-time highs and cement itself as the ultimate meme token. Its community is more than just investors — it’s an army of winners enjoying exclusive campaigns, high-value perks, and unbeatable deals. The deserved lifestyle DOGEN isn’t just a token; it’s a way to flex hard and earn big. Think luxury cars, stacked bank accounts, and the lifestyle everyone always dreamed of — reserved for those bold enough to join the DOGEN army. Shiba Inu: The Ethereum-based meme coin with growing potential Shiba Inu (SHIB) is an Ethereum-based cryptocurrency launched in August 2020 by the anonymous developer Ryoshi. Inspired by Dogecoin, SHIB runs on the Ethereum blockchain, making it compatible with Ethereum’s extensive ecosystem. It started with 1 quadrillion tokens, half of which were sent to Ethereum co-founder Vitalik Buterin to build trust. Buterin donated a significant amount to the India Covid Crypto Relief Fund and burned 40% of the total supply, reducing circulation. SHIB’s integration with Ethereum enables applications like ShibaSwap, a decentralized exchange, and plans for a future NFT platform and decentralized governance system. This integration offers potential for broader utility in the crypto space, making SHIB an interesting option in the current market. PEPE meme coin: Deflationary tribute to Pepe the Frog on Ethereum PEPE is a deflationary memecoin launched on the Ethereum network as a tribute to the Pepe the Frog meme. Inspired by the success of Shiba Inu and Dogecoin, PEPE distinguishes itself with no transaction taxes and a commitment to its pure memecoin identity. In mid-2023, it reached a peak market cap of $1.6 billion, sparking enthusiasm among crypto communities. The coin’s roadmap aims to boost visibility through social media trends and listings on major exchanges. It employs a burning mechanism to enhance scarcity and a redistribution system to reward long-term holders. As an ERC-20 token, PEPE benefits from Ethereum’s Proof-of-Stake security and is available on platforms like Uniswap, Binance, and KuCoin. Conclusion Coins like SHIB and PEPE may have less short-term potential, but DOGEN stands out for those seeking luxury and success. Expected to grow 700% by presale’s end, with potential for massive returns this altcoin season, DOGEN follows successful tokens, building a community of leaders and offering real benefits to early adopters. For more information, visit the official DOGEN website and join the community on X and Telegram . Read more: Irresistible altcoins this winter: Dogen among top tokens with explosive ROI Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
At least 15 blockchain wallets suspected of insider trading have reportedly turned an initial $14,600 investment into over $20 million, raising concerns about fairness and transparency in cryptocurrency markets. These wallets collectively made over $20 million in profit trading FOCAI, a memecoin recently launched on Solana’s memecoin platform Pump.fun. The insiders allegedly achieved a 136,000-fold return on their investment, controlling over 60.5% of the token supply, according to blockchain analytics firm Lookonchain. “They then sold all their $FOCAI for 94,175 $SOL ($20.5M), netting 94,108 $SOL ($20.48M),” Lookonchain reported. The large concentration of FOCAI tokens in a few wallets has drawn criticism from analysts, highlighting risks to decentralization—a key principle in cryptocurrency. FOCAI’s market capitalization peaked at over $46 million at 4:45 am UTC before falling nearly 14% to $39.6 million by 11:55 am UTC, according to Pump.fun data. One Wallet Profits $3.5M in Three Hours Among the 15 wallets, one address, labeled “9DtTb,” made $3.47 million within three hours. Onchain Lens, a blockchain analytics platform, explained, “The insider bought 123.32M $FOCAI for 5.39 SOL ($1,168) on Pump.fun. The insider then sold the entire $FOCAI for 16,070 SOL worth $3.47M, making a x2973 profit.” Memecoins: High Gains for Few, Losses for Many While memecoins like FOCAI can yield massive profits for a select few, most traders incur losses. Over 99% of traders on Pump.fun are unprofitable, with only 50 wallets generating up to $1,000 in returns out of 9.8 million. This highlights the disparity in profitability within the memecoin market, raising further questions about market dynamics and transparency.
XRP has continued to gain steam in South Korea, leaving Bitcoin and Dogecoin behind. The token’s performance did not start in the new year, bringing its momentum from last year, when it became the go-to option for South Koreans. According to several reports , the token’s trading volume leapfrogged Bitcoin and Ethereum in the country heading into the new year. This trend is evident in the token’s trading volume against the Korean won on prominent South Korean exchanges. XRP trading volume surges on South Korean exchanges According to data tracking the trading volumes of South Korean exchanges, including Upbit, Bithumb, and Coinone, XRP’s trading volume has been on a heater. On Upbit, the largest crypto exchange in the country, XRP’s trading volume is around $591 million, ranking above Dogecoin’s volume at $340 million. Bitcoin ranks further down in the trading volume category, boasting a small figure above $133 million. These stats reflect the country’s crypto crowd’s affinity for XRP. The market has been responsible for several rallies over the last few years. Aside from Upbit, the trend is also evident on other exchanges in the country. The token’s rise has seen it hit different significant price milestones, setting it up firmly in the top 10 of digital assets according to market cap. However, the rally had intermittent drops which saw the asset initially drop below the $2 mark before surging by 24% to trade close to $2.50. The rebound also comes after the asset dipped for nearly a month after hitting a high of $2.90. While some market participants attributed the rally to Donald Trump’s emergence as the President in the United States election last year, others attributed it to the likelihood of a favorable verdict in Ripple’s legal tussle with the Securities and Exchange Commission (SEC). Analysts make bold predictions The recent XRP rise has sparked optimism in the market, as analysts and experts are starting to make favorable predictions. Some believe that XRP is primed for further gains, noting that the asset could be targeting $4.11 and $5.85. More bullish predictions have made $8 price target calls for the end of the year, contingent on the global crypto market hitting a $5 trillion valuation. These price calls also depend on XRP maintaining its popularity in the market, especially in the cross-border payments scene. XRP’s dominance in South Korea also shows the asset’s appeal in one of the leading crypto markets worldwide. With its trading volume on the way up, and experts making renewed optimistic predictions, XRP could well be prepared for an interesting year ahead. Meanwhile, for that to happen, it would need to get its legal battle with the SEC sorted. With Donald Trump at the helm of affairs at the White House, there have been predictions about the SEC possibly dropping the case. With SEC Chair Gary Gensler on his way out, the incoming pro-crypto Paul Atkins may want to use the Ripple case as a show of good faith to the crypto industry, showing them what the Trump administration has in store for them. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.