The post XRP Price Prediction For February 24 appeared first on Coinpedia Fintech News Ripple’s XRP is currently down by more than 2 percent and is trading at $2.50. The broader market sentiment has turned red and Bitcoin is currently trading below $96,000. The price of XRP remains stuck in a tight range, struggling around key resistance levels. The current resistance area, sitting between $2.65 and $2.80, has shown strong rejection multiple times, preventing upward price movement above it. Despite these rejections, there has not been a major shift towards bearish momentum, indicating that the market lacks clear direction. Support Levels and Market Behavior Currently, XRP is bouncing between support and resistance. According to analyst Josh of Crypto World, the first support level is around $2.50, with further support found between $2.25 and $2.30. This suggests that XRP is range-bound, showing a lack of decisive movement in either direction. Attempts at bullish moves are stalling at resistance, while bearish moves are not gaining enough strength to push the price lower. Potential Bullish Breakout and Future Resistance Should XRP manage to break above $2.80 and close a daily candle above this level, it could signal the beginning of a bullish relief rally, possibly driving the price up to $3. However, at around the $3 mark, XRP would likely face resistance once again. For now, a confirmed breakout above $2.80 is required to push the price higher. Outlook for XRP in the Short Term In the near term, XRP’s price action is expected to remain relatively uneventful, with a lack of momentum likely leading to continued sideways movement. As of now, short-term traders may experience somewhat boring price action until a breakout or breakdown occurs.
According to recent data from SoSoValue, significant movements were noted within the Ethereum ETF landscape between February 18th and February 21st. During this period, the spot Ethereum ETF experienced a
BNB’s price trend shows signs of uncertainty as Funding Rates fluctuate. A breakout or breakdown could set the next major move.
After four years, Lummis will finally assume the role of Chair of the newly established Digital Asset Subcommittee under the Senate Banking Committee.
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Pump.fun, the popular Solana-based memecoin launchpad, is reportedly testing its automated market maker which could replace Raydium as the default decentralized exchange for graduated tokens. The development was first spotted by X news aggregator platform Aggr News, which took notice of amm.pump.fun, a new liquidity pool under internal testing. If implemented, Pump.fun’s in-house AMM would allow the platform to capture more fees , potentially impacting trading fees on Raydium ( RAY ) https://t.co/wohP4puuSl TESTING IN-HOUSE AMM, POTENTIALLY REPLACING RAYDIUM AS THIRD PARTY PROVIDER: WEBSITE pic.twitter.com/VLavRsRHFQ — Aggr News (@AggrNews) February 24, 2025 The shift comes as memecoins continue to command huge volumes in the DEX market. Pump.fun has already generated over $500 million in total swap fees, according to DeFiLlama . Currently, about 1.4% of tokens launched on the platform migrate to Raydium, meaning an in-house AMM could help keep more liquidity within the ecosystem. You might also like: Pump.fun launches mobile app for Solana meme coin trading The X community is speculating that this development could also pave the way for additional features like memecoin perpetuals and lending. Raydium could see a 30-50% drop in trading volume if Pump.fun moves forward with the transition. This would greatly impact Raydium’s market position. Raydium’s token, RAY , is already down 20% in the last 24 hours in reaction to the news, according to CoinGecko . Beyond its liquidity shift, Pump.fun has been in the news for stopping a hacker connected to the recent $1.4 billion Bybit hack from laundering funds on the platform. Pump.fun blocked the attacker’s ability to transfer assets via Pump.fun’s infrastructure and stopped them from laundering stolen money through a memecoin launch. Through a coin called “QinShihuang (500000),” the hacker had already pushed over $26 million in trade volume before being banned. According to blockchain data , the attacker moved 60 SOL to a different wallet before launching the token on Pump.fun, perhaps to mix and hide the stolen assets. Read more: Pump.fun creator calls for safer launchpad practices after LIBRA debacle
In a recent announcement, Bybit CEO Ben Zhou revealed that the exchange has successfully addressed the Ethereum shortfall, reaffirming its commitment to financial integrity and transparency. Zhou stated that the
Recent rumors on X say that Kanye West sold his X account’s access to a Doginals crew member prior to the launch of his meme coin. Traders on X have been speculating whether Kanye West has partially sold administrator access to his X account. Several crypto influencers are warning users about the possibility of Dognials member and serial memecoin launcher ‘Barkmeta’ controlling Ye’s X account. Their speculation is based on the fact that Kanye’s recent tweets seem to be “out of place” or rather mismatched with his usual social media behavior and habits. Reportedly, one deleted post by Ye was hit with Community Notes claiming that accounts ‘ Tall ‘ and ‘ Barkmeta ‘ are the ones behind Ye’s recent tweets. The note read, “Kanye sold access to his account to @barkmeta, the account he follows (@tall _data) is barks alt account. The dark/light mode and time format changes between screenshots point to multiple people having access to his account. This will be a major liquidity extraction event.” Barkmeta, on the other hand, rejects these claims. In a recent tweet , he said, “Imagine the whole space telling us we’re scammers when it would’ve been so easy to rinse like $20M doing a fake Kanye coin today.” Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now
The post Crypto News: Montana’s Bitcoin Reserve Bill Shelved Citing Risk to Taxpayer Money appeared first on Coinpedia Fintech News On February 22, the Montana House of Representatives voted 41-59 against a bill that would have made Bitcoin a state reserve asset. The proposed House Bill No. 429 aimed to create a special revenue account for investing in Bitcoin, stablecoins, and precious metals that meet a market cap threshold of $750 billion—criteria that only Bitcoin currently fulfills. However, many Republican lawmakers expressed concerns about the risks of speculating taxpayer money and voted against the bill. State Representative Steven Kelly argued that these types of investments were too risky, stressing the need to protect public funds. However, as reported by Cointelegraph, Representative Lee Demming said, “If we’re going to keep the taxpayer’s money, I think we owe it to the taxpayers to get as high a return on that money that’s sitting in there, either that or you give it right back to them, so I’m going to vote on this bill for that reason.” Montana Representative Steve Fitzpatrick added, “We can make a return to the taxpayer and ultimately that will allow us to give more money back, to cut taxes, and provide that fiscal relief that people are looking for.” Despite support from some lawmakers who believed in the potential benefits of investing in digital assets, the bill was shelved. Montana’s decision reflects broader resistance to embracing cryptocurrencies, with 24 other states having considered similar legislation. However, Utah has made more progress on its own Bitcoin reserve bill. The vote highlights a clash between traditional governance and the growing influence of the crypto movement.
Donald Trump claimed his 150% tariff threat made BRICS nations break up over their plan to ditch the U.S. dollar, saying: “We haven’t heard from the BRICS states lately.” Trump’s 150% Tariff Threat Made BRICS Break Up? Here’s What He Claims U.S. President Donald Trump discussed his administration’s efforts to counter BRICS nations’ impact on