BitcoinWorld Ethereum Price Prediction: Unleashing a Potential $10,000 ETH Surge The crypto world is buzzing with an audacious forecast: a potential $10,000 price tag for Ethereum (ETH) this bull cycle. This bold Ethereum Price Prediction comes from Eric Jackson, the founder of Toronto-based hedge fund EMJ Capital, and it’s certainly capturing attention across the market. Could ETH truly reach such heights, or is this just another speculative call? Jackson’s insights suggest a confluence of powerful factors could indeed propel Ethereum to unprecedented levels. Let’s dive into the core arguments fueling this optimistic outlook. Ethereum Price Prediction: Is a $10,000 ETH Surge Truly Attainable? Eric Jackson’s confidence in a $10,000 Ethereum Price Prediction isn’t merely based on market sentiment. According to CoinDesk, his analysis points to several fundamental shifts and upcoming events that he believes the market is significantly underestimating. For investors and enthusiasts alike, understanding these drivers is key to evaluating the potential trajectory of ETH. It’s a target that, if realized, would mark a substantial increase from current levels and solidify Ethereum’s position as a dominant force in the digital economy. Jackson highlights four primary catalysts that he believes will converge to create a powerful upward momentum for ETH: Ethereum Exchange-Traded Fund (ETF) Staking Approval: A major institutional gateway. Deflationary Token Economy Post-Merge: A fundamental supply-side shift. Increased Layer-2 Transaction Fees: Driving utility and ETH burn. Increased Tokenization of Real World Assets (RWAs): Expanding Ethereum’s utility into traditional finance. Each of these factors, individually strong, becomes even more potent when considered together, creating a compelling narrative for Ethereum’s future valuation. The Catalytic Impact of ETH ETF Approval: An Underestimated Force? One of the most anticipated events in the crypto space is the approval of an ETH ETF . While several spot Ethereum ETFs have recently been approved for trading in the U.S., Jackson’s focus is specifically on the prospect of an ETF with staking capabilities , which he anticipates by October of this year. This distinction is crucial. What does an ETH ETF , particularly one with staking, mean for Ethereum? Currently, investors who want to earn staking rewards on their ETH must hold the asset directly and participate in the staking mechanism, which can be complex for traditional institutional investors. An ETF with staking would: Simplify Access: Allow institutional and retail investors to gain exposure to ETH and its staking yield through traditional brokerage accounts. Increase Demand: Attract a massive wave of new capital from pension funds, endowments, and wealth managers who prefer regulated, easily tradable products. Reduce Supply Pressure: ETH acquired by the ETF for staking would be locked up, reducing the circulating supply available for sale on exchanges. Jackson argues that the market is currently underestimating the sheer volume of capital that could flow into Ethereum once such a product is available. The success of Bitcoin spot ETFs earlier this year provides a compelling precedent, demonstrating the significant demand from traditional finance for regulated crypto investment vehicles. The Power of Scarcity: Understanding Deflationary Ethereum Following its monumental shift to Proof-of-Stake (PoS) with The Merge, Ethereum underwent a significant change in its tokenomics, moving towards a Deflationary Ethereum model. This is a critical, often misunderstood, aspect of its value proposition. How does Ethereum become deflationary? The mechanism primarily involves two key components: EIP-1559 (London Hard Fork): Introduced a base fee for every transaction on the Ethereum network, which is burned (permanently removed from circulation) instead of going to miners. This means that a portion of every transaction fee effectively reduces the ETH supply. Proof-of-Stake (The Merge): Replaced energy-intensive mining with staking. Stakers are rewarded with newly minted ETH, but the amount of new ETH issued is significantly less than what was previously issued to miners. When network activity is high, the amount of ETH burned via EIP-1559 can exceed the new ETH issued through staking, leading to a net reduction in the total ETH supply. This dynamic creates a scenario where ETH can become a scarce asset, similar to how a commodity becomes more valuable as its supply diminishes while demand remains constant or grows. A truly Deflationary Ethereum , where more ETH is burned than created, means that each remaining ETH becomes inherently more valuable over time, assuming consistent network usage. Fueling Growth: How Layer-2 Scaling Boosts ETH Utility and Value The rapid expansion of Layer-2 Scaling solutions is another cornerstone of Jackson’s bullish thesis. Layer-2 networks, such as Arbitrum, Optimism, zkSync, and Polygon, are built on top of the Ethereum mainnet (Layer-1) to process transactions more efficiently and at lower costs. Why are Layer-2s so important for ETH’s value? Increased Network Throughput: Layer-2s alleviate congestion on the mainnet, allowing Ethereum to handle a much larger volume of transactions than it could alone. This scalability is vital for mass adoption. Lower Transaction Fees: By bundling many Layer-2 transactions into a single transaction on Layer-1, these solutions drastically reduce costs for users, making the Ethereum ecosystem more accessible and attractive for everyday use. Direct Contribution to ETH Burn: While transactions occur on Layer-2s, they periodically ‘settle’ or ‘batch’ their data back to the Layer-1 Ethereum blockchain. These settlement transactions incur fees on Layer-1, which are subject to EIP-1559 and thus contribute to the burning of ETH. More Layer-2 activity means more Layer-1 settlement, leading to more ETH burned. Ecosystem Growth: Robust Layer-2 Scaling fosters innovation and expands the range of applications built on Ethereum, from DeFi to NFTs and gaming, driving overall demand for the network’s native token. The growth of Layer-2s is a symbiotic relationship: they enhance Ethereum’s utility, and in turn, their increased usage contributes directly to the deflationary pressure on ETH. RWA Tokenization: Unlocking New Frontiers for Ethereum’s Dominance Perhaps one of the most transformative trends highlighted by Jackson is the burgeoning field of RWA Tokenization , or Real World Asset Tokenization. This involves converting rights to physical or tangible assets into digital tokens on a blockchain, with Ethereum emerging as a leading platform for this innovation. What does RWA Tokenization entail? Imagine owning a fractional share of a skyscraper, a piece of fine art, or a government bond, all represented by a token on the Ethereum blockchain. Examples include: Real Estate: Fractional ownership of properties, making illiquid assets more accessible and tradable. Bonds and Securities: Issuing digital bonds that offer faster settlement, increased transparency, and programmable features. Commodities: Tokenizing gold, silver, or other raw materials, simplifying their transfer and storage. Intellectual Property: Tokenizing music rights, patents, or copyrights. Why is Ethereum the blockchain of choice for RWAs? Security and Decentralization: Ethereum’s robust security and decentralized nature make it a trustworthy ledger for valuable assets. Smart Contract Capabilities: Its programmable smart contracts enable complex legal agreements and automated processes to be embedded directly into the tokens. Established Ecosystem: Ethereum boasts the largest developer community, extensive tooling, and a vast network effect, making it a reliable foundation for institutional-grade applications. The market for tokenized RWAs is projected to reach trillions of dollars in the coming years. As more traditional assets migrate onto the Ethereum blockchain, the demand for ETH (for gas fees, collateral, or even as a base layer for these new financial instruments) is expected to surge dramatically, cementing Ethereum’s role as the foundational layer for the future of finance. Challenges and Considerations for the Road Ahead While the arguments for a $10,000 ETH are compelling, it is crucial to acknowledge the inherent volatility and unpredictable nature of the cryptocurrency market. Several factors could influence Ethereum’s journey: Regulatory Environment: Evolving regulations worldwide could impact the adoption of ETFs, Layer-2s, and RWA tokenization. Macroeconomic Conditions: Broader economic downturns, interest rate changes, or geopolitical events can affect investor sentiment across all asset classes, including crypto. Competition: While Ethereum holds a dominant position, other Layer-1 blockchains continue to innovate and compete for market share. Technical Risks: Although Ethereum’s network is robust, any unforeseen technical issues or security vulnerabilities could impact confidence. Investors should always conduct thorough research and understand the risks associated with digital assets. This article provides analysis based on current information and expert opinion and should not be considered financial advice. Actionable Insights for Navigating Ethereum’s Potential Future For those looking to understand or participate in the Ethereum ecosystem, here are some actionable insights: Stay Informed: Keep abreast of developments regarding ETH ETF approvals, Layer-2 innovations, and major RWA tokenization projects. Understand the Fundamentals: Grasping concepts like deflationary tokenomics and the role of Layer-2s provides a clearer picture of Ethereum’s long-term value proposition. Consider Diversification: As with any investment, diversification across different assets can help mitigate risk. Risk Management: Only invest what you can afford to lose, and be prepared for significant price fluctuations inherent in the crypto market. Conclusion: Ethereum’s Path to New Heights? Eric Jackson’s $10,000 Ethereum Price Prediction is not just a bold statement; it’s a synthesis of powerful, interconnected trends shaping the future of digital finance. The potential approval of an ETH ETF with staking, coupled with the inherent scarcity of Deflationary Ethereum , the scalability offered by Layer-2 Scaling , and the transformative impact of RWA Tokenization , paints a compelling picture for Ethereum’s future. While the path ahead may be volatile, the fundamental drivers suggest that Ethereum is poised for a significant expansion of its utility and value. The coming months will be critical in determining if these catalysts can indeed unleash the projected surge and solidify Ethereum’s place as a cornerstone of the global economy. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action and institutional adoption. This post Ethereum Price Prediction: Unleashing a Potential $10,000 ETH Surge first appeared on BitcoinWorld and is written by Editorial Team
On July 16, LD Capital founder JackYi addressed the recent transaction involving Trend Research’s deposit of 17,289 ETH into a centralized exchange (CEX), valued at nearly $53 million. JackYi clarified
Cantor Fitzgerald is poised to become a significant Bitcoin buyer through a strategic acquisition deal that could exceed $4 billion, marking a notable expansion in SPAC-led crypto investments. The transaction
The deal would position Cantor as a major Bitcoin buyer, expanding its SPAC-led crypto strategy amid renewed political support.
Bitmine Immersion has amassed over 163,000 ETH, bringing its ethereum holdings above $500 million, more than double the proceeds from its recent $250 million private placement. Bitmine’s Ethereum Treasury Strategy Surges Past $500 Million Mark Bitmine Immersion (NYSE American: BMNR), a crypto infrastructure company focused on long-term digital asset accumulation, announced it now holds approximately
Cryptocurrency market bull run might have reached its peak
BitcoinWorld CBDC Shockwave: Trump Administration’s Decisive Move to Block Digital Currency The cryptocurrency world is abuzz with a seismic announcement from the Trump administration. David Sacks, a key figure reportedly tapped to lead the White House’s AI and cryptocurrency strategy should Donald Trump return to office, has confirmed plans to decisively block the issuance of central bank digital currencies (CBDCs). This revelation, initially reported by Odaily and echoing sentiments previously expressed by Trump himself, sends powerful ripples through the global financial landscape. It promises a stark contrast to approaches taken by many other major economies, and for crypto enthusiasts and digital finance observers, this isn’t just a policy statement; it’s a potential game-changer that could redefine the future of money in the United States. Understanding the Central Bank Digital Currency (CBDC) Debate: What Exactly Are We Talking About? Before diving into the implications of the Trump administration’s stance, it’s crucial to grasp what a central bank digital currency (CBDC) truly is. In essence, a CBDC is a digital form of a country’s fiat currency, issued and backed by its central bank. Think of it as a digital version of the cash in your wallet, but instead of being printed by the government, it exists purely in electronic form and is directly controlled by the central monetary authority. Unlike decentralized cryptocurrencies such as Bitcoin or Ethereum, which operate on distributed ledgers and are not controlled by any single entity, a CBDC would be centralized. It would be a direct liability of the central bank, similar to physical banknotes, offering a level of sovereign backing that private digital currencies or stablecoins currently do not possess. Globally, central banks are exploring two main types of CBDCs: Retail CBDCs: These are designed for general public use, much like digital cash. Individuals and businesses would hold accounts or digital wallets directly with the central bank, or through intermediaries, enabling direct digital payments. Wholesale CBDCs: These are restricted to financial institutions for interbank settlements, aiming to improve the efficiency and security of wholesale payment systems. Proponents of CBDCs often highlight a range of potential benefits: Potential Benefits of CBDCs Potential Concerns of CBDCs Financial Inclusion: Providing access to digital payments for the unbanked or underbanked populations. Privacy Erosion: Potential for government surveillance of all financial transactions, leading to a loss of financial anonymity. Payment System Efficiency: Speeding up domestic and cross-border payments, reducing transaction costs. Government Control & Programmability: Risk of central banks or governments imposing restrictions on how and when money can be spent. Monetary Policy Effectiveness: Offering new tools for central banks to implement monetary policy, such as direct stimulus or negative interest rates. Disintermediation of Commercial Banks: Threatening the business models of traditional banks if individuals move deposits to the central bank. Combating Illicit Finance: Increased traceability could help in fighting money laundering and terrorist financing. Cybersecurity Risks: Centralized digital infrastructure could become a single point of failure, vulnerable to cyberattacks. Maintaining Monetary Sovereignty: In an increasingly digital world, a CBDC could ensure a nation’s currency remains dominant amidst the rise of private digital currencies. Economic Instability: Potential for bank runs if, during a crisis, people shift funds from commercial banks to the safer CBDC. Why is the Trump Administration Taking Such a Decisive Stand Against CBDCs? The proposed stance by the Trump administration , articulated by figures like David Sacks, is not merely a technical policy decision but appears deeply rooted in a fundamental distrust of centralized digital control and a strong emphasis on individual liberty and financial privacy. Donald Trump himself has publicly stated his opposition to a U.S. CBDC, framing it as a threat to freedom. David Sacks, a prominent venture capitalist and a close ally of Trump, has been particularly vocal on these issues. His perspective often aligns with a tech-libertarian viewpoint that champions decentralization and individual autonomy over government intervention. For Sacks and the potential Trump administration, the potential benefits of a CBDC are heavily outweighed by its inherent risks to civil liberties and the existing financial order. Key reasons underpinning this proposed blockade include: Profound Privacy Concerns: This is arguably the most significant driver. A CBDC could allow the government to monitor every single financial transaction made by its citizens. This level of granular oversight raises serious alarms about financial surveillance, the erosion of personal financial anonymity, and the potential for abuse of power. Imagine a scenario where the government could track your spending habits in real-time or even freeze your digital funds based on certain criteria. Fear of Government Overreach and “Programmable Money”: Critics argue that a CBDC grants excessive power to the central bank, potentially enabling direct control over citizens’ spending. The concept of “programmable money” – where the issuer could dictate how, when, or even if funds can be used (e.g., expiring funds, restrictions on certain purchases) – is a significant fear. This is seen as a direct assault on economic freedom. Protection of the Commercial Banking System: If individuals hold accounts directly with the central bank, it could bypass traditional commercial banks, disrupting their deposit base and lending capabilities. This disintermediation could destabilize the existing fractional reserve banking system, leading to unforeseen economic consequences. The administration may seek to protect the established financial infrastructure. Preservation of Physical Cash: There’s a strong sentiment within certain political factions to preserve physical cash as a bastion of privacy and freedom. They view CBDCs as a step towards a cashless society, which they believe could lead to greater government control and less individual autonomy. Ideological Alignment: This approach aligns with a broader conservative and libertarian philosophy that prioritizes market-driven innovation and individual choice over government-led digital finance initiatives. It’s a stance that resonates with a significant portion of the Republican base. Should Trump assume office, this opposition could manifest in various ways, from executive orders halting any CBDC development by the Federal Reserve to legislative efforts aimed at banning its issuance. This signals a clear intent to draw a line in the sand against what they perceive as an encroaching digital authoritarianism. The Broader Implications for Cryptocurrency Markets: A Boon for Decentralization? This proposed policy by the Trump administration could have profound and perhaps unexpected implications for the entire cryptocurrency ecosystem. If the U.S. opts out of developing and issuing a CBDC, it could inadvertently bolster the case for decentralized digital assets like Bitcoin and Ethereum, which were fundamentally designed to operate outside central control. Potential Upside for Decentralized Crypto: Narrative Reinforcement: The “freedom money” and “permissionless” narratives of Bitcoin and other decentralized cryptocurrencies could gain significant traction. If the alternative presented by a CBDC is perceived as government surveillance and control, users concerned about privacy might flock to truly decentralized solutions, seeing them as the only viable alternative. Increased Adoption: A U.S. CBDC block might encourage more individuals and institutions to explore and adopt existing cryptocurrencies and decentralized finance (DeFi) protocols. This could lead to increased liquidity and market capitalization for these assets. Innovation Shift: Development efforts within the crypto space might further concentrate on privacy-enhancing technologies, self-custody solutions, and robust decentralized infrastructures, as these become even more valuable in a world wary of centralized digital currencies. Clearer Regulatory Landscape (Potentially): While the administration’s broader crypto stance remains to be fully defined, blocking CBDCs could simplify the regulatory debate by clearly demarcating “private” crypto from “state-issued” digital money. This could lead to more tailored and potentially more favorable regulations for the decentralized sector. Challenges and Nuances: While a CBDC block might seem unequivocally bullish for crypto, it doesn’t automatically mean a fully crypto-friendly regulatory environment across the board. The administration’s broader stance on stablecoins, DeFi, NFTs, and crypto exchanges would still be crucial and could vary. The U.S. potentially falling behind on CBDC development could also raise questions about its future leadership in digital finance on a global scale, potentially ceding ground to nations that embrace digital currencies. The debate over the environmental impact of certain cryptocurrencies or their use in illicit activities would likely persist, regardless of the CBDC stance. Global Perspectives on Digital Currency Development: Is the U.S. Falling Behind or Leading a New Path? The U.S. approach, as articulated by the Trump administration, stands in stark contrast to many other nations actively exploring or even implementing a digital currency . This divergence highlights a global ideological split on the future of money and central bank roles in the digital age. Examples of Global CBDC Initiatives: China’s Digital Yuan (e-CNY): China is arguably the frontrunner, having extensively piloted its digital yuan across major cities and integrated it into daily life. Their motivations include improving payment efficiency, enhancing financial inclusion, combating illicit finance, and asserting geopolitical influence, often with less emphasis on individual privacy compared to Western concerns. Europe’s Digital Euro: The European Central Bank (ECB) is deep into its investigation phase for a digital euro, aiming to complement cash and offer a resilient payment system. The ECB has emphasized privacy safeguards and the importance of a “digital euro” to maintain monetary sovereignty in a rapidly digitizing world. Nigeria’s eNaira: Nigeria was one of the first countries to launch a live CBDC, the eNaira, in October 2021, aiming to boost financial inclusion and improve cross-border remittances. India’s Digital Rupee (e₹): India’s Reserve Bank of India (RBI) has launched pilot programs for both wholesale and retail versions of its digital rupee, focusing on efficiency and innovation in the payment system. United Kingdom, Canada, Japan, etc.: Many other nations are in various stages of research, consultation, and pilot programs, recognizing the potential benefits and challenges of CBDCs. This global landscape presents a complex picture. While some view CBDCs as an inevitable and necessary step for modernizing financial systems and maintaining competitive advantage, the Trump administration’s proposed block signals a strong pushback against this trend. It potentially positions the U.S. as a unique outlier, perhaps a defender of financial privacy and traditional monetary systems in a world seemingly rushing towards centralized digital cash. The question then becomes: Is the U.S. falling behind in the global race for digital currency innovation, or is it setting a new standard for protecting civil liberties in the digital age? The answer likely depends on one’s philosophical perspective on the role of government and technology. What Does This Mean for the Future of Central Bank Digital Currency in the U.S.? The proposed stance by the Trump administration creates significant uncertainty for the future of a central bank digital currency in the United States. While the Federal Reserve has been researching a potential digital dollar, publishing extensive papers and engaging in public discussions, its ultimate implementation would require strong political backing from both the executive and legislative branches. This announcement clearly undermines that backing. Key Questions and Challenges Arise: Political Feasibility: Even if a CBDC is deemed technologically feasible and economically beneficial by some, its political viability under a potentially hostile administration would be virtually nil. This could lead to a multi-year hiatus on any official U.S. CBDC development. Global Leadership: How will the U.S. maintain its global financial leadership and influence without a CBDC, especially as other nations advance their own digital currencies? Will this lead to a fragmentation of the global financial system, or will it force other nations to reconsider their own approaches? Rise of Private Alternatives: Could this void be filled by private stablecoins, which are pegged to the U.S. dollar but issued by private entities? The debate around stablecoin regulation would become even more critical, as they could effectively become the de facto “digital dollar” for many users. This could present new challenges related to systemic risk and consumer protection. Innovation and Competitiveness: Will a lack of a U.S. CBDC hinder innovation in payment systems, or will it spur greater private sector innovation in areas like instant payments, blockchain-based settlements, and decentralized finance? This policy move is not just about blocking a specific technology; it’s about defining the philosophical boundaries of government involvement in the financial lives of citizens. It sets up a fascinating ideological battleground that will likely dominate financial policy discussions for years to come, forcing a deeper societal conversation about privacy, control, and the very nature of money in a digital era. Conclusion: A Decisive Turn in the Digital Currency Debate The Trump administration’s explicit intent to block central bank digital currencies marks a pivotal and potentially transformative moment in the ongoing debate over the future of money. By prioritizing privacy, individual liberty, and limiting perceived government control, this proposed policy could reshape the landscape for traditional finance and provide an unexpected, yet significant, boost to decentralized cryptocurrencies. While much of the world appears to be moving towards exploring or even implementing CBDCs, the U.S. under a potential Trump presidency could forge a distinct and solitary path. This stance champions financial freedom and directly challenges the very notion of state-issued digital cash as an inevitable progression. The implications for global financial leadership, the evolution of payment systems, and the future trajectory of the broader crypto market are immense. This is a development that demands close attention from anyone invested in the evolving world of digital assets, as it promises to be one of the defining financial policy decisions of the coming years. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum price action. This post CBDC Shockwave: Trump Administration’s Decisive Move to Block Digital Currency first appeared on BitcoinWorld and is written by Editorial Team
A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold new forecast that could redefine investors’ expectations for the rest of the cycle. Using a detailed Elliott Wave structure and historical halving patterns, the expert outlines what could be Bitcoin’s final parabolic move, laying out a clear roadmap toward a new ATH target. Bitcoin Parabolic Phase Still Ahead Following Bitcoin’s explosive rise above $123,000 in a single day, crypto analyst XForceGlobal reaffirmed his earlier predictions and intensified his bullish outlook. He now asserts that Bitcoin is in the early stages of a much larger breakout, with the final and most parabolic phase of its rally yet to unfold. Related Reading: Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here The analyst Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here a detailed chart showing that Bitcoin is now trading over $40,000 above its Wave 2 bottom of the macro 5th. This indicates that the market could be transitioning into Wave 3 of a larger Elliott Wave impulse pattern. The chart also visually segments previous bull market runs into distinct macro phases, each unfolding after a halving cycle. Every phase began with a consolidation period, followed by exponential growth and eventual correction. Bitcoin’s price history is further marked by the halving events in 2012, 2016, 2020, and 2024—all of which have consistently preceded major bullish rallies. The latest halving, which occurred in April 2024, is now expected to lead to an intermediate-term rally that may extend BTC’s price beyond $270,000 before entering another corrective phase. While XForceGlobal maintains a bullish long-term outlook for Bitcoin, he urges investors to be cautious and aware that the final wave may generate market euphoria before a significant decline sets in. His projected roadmap shows a steady bullish climb toward $272,832, followed by a potential retracement to around $41,646, marking a steep 85% crash from the top. During his analysis, the market expert highlighted the difference between smart and dumb money during this bullish phase of the cycle. He claimed that smart investors have already mapped out their exit strategies, understanding that success comes from early planning rather than spontaneous decisions. He also added that with the market yet to reach a climax, there’s still time to prepare an exit before red flags emerge. Analyst Predicts $155,000 As Bitcoin’s Next Stop In a follow-up X post, XForceGlobal forecasted Bitcoin’s next short-term price target at $155,000. This prediction comes as BTC recently rallied past $123,000 before undergoing a pullback, now trading slightly above $116,800. According to the analyst, Bitcoin remains firmly in an extended Wave 3, which traditionally represents the most impulsive and powerful phase of the Elliott Wave sequence. Related Reading: Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’ XForceGlobal’s chart reveals that Bitcoin recently broke out from a complex WXYXZ correction structure, which served as the launchpad for the present rally. His projection suggests that BTC is now forming a five-wave structure targeting the $140,000-$155,000 range, with macro-level corrections expected along the way. Featured image from Pixabay, chart from Tradingview.com
Market analyst Ali Martinez has indicated that XRP is exhibiting significant upward potential and may be positioned for a strong rally, provided it clears a key price barrier. According to his assessment, the cryptocurrency must achieve a confirmed weekly close above $3 to unlock further gains, with targets extending to $4.80 in the mid-term. Current Price Activity and Consolidation Zone As of mid-July 2025, XRP is trading at approximately $2.87, following a brief retracement from a recent attempt to test the $3 resistance . The broader cryptocurrency market has experienced a modest cooldown after substantial price movements earlier this month, which included Bitcoin reaching new record highs. Since January 2025, XRP has maintained a consistent trading range, fluctuating between $2 as support and $3 as resistance. While the asset has made multiple efforts to break above this upper boundary, those attempts have been unsuccessful so far. Simultaneously, the lower end of the range has remained firmly supported by buying interest. $XRP is screaming all-time highs. Are you seeing this? pic.twitter.com/fWKQUESNqQ — Ali (@ali_charts) July 14, 2025 Comparison to Previous Market Structure Martinez notes that XRP’s current price behavior is reminiscent of a similar pattern observed between August 2023 and November 2024, during which the token traded within a narrower band ranging from $0.40 to $0.74. Once that prior consolidation phase ended with a breakout above resistance, XRP advanced quickly to higher price levels, surpassing $1 and eventually reaching $2. Based on this historical setup, Martinez believes the market could be witnessing a comparable consolidation phase that precedes a larger breakout, potentially leading to fresh all-time highs. Resistance Levels and Momentum Indicators Should XRP manage to secure a weekly close above the $3 threshold, the next areas of resistance are projected to be $3.40, a level that rejected price action earlier in January 2025, followed by the previous all-time high of $3.80, set in 2018. If both levels are breached, Martinez sees $4.80 as a reasonable target in the near to mid-term. Technical indicators appear to support the bullish outlook. The Directional Movement Index (DMI) shows that the Average Directional Index (ADX) is currently at 25, suggesting that a trend is forming. The Positive Directional Indicator (+DI) is positioned at 23.6, while the Negative Directional Indicator (–DI) has decreased to 15.47. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The widening gap between these metrics implies strengthening bullish momentum and weakening seller presence. A sustained ADX reading above 25 would confirm a developing upward trend. Beyond short-term targets, Martinez has previously emphasized a significant breakout from a seven-year symmetrical triangle that occurred in November 2024. This move marked the end of a prolonged compression phase and initiated a new market cycle. Since then, XRP has largely consolidated its gains during the first half of 2025. Using Fibonacci extension analysis, Martinez has identified potential long-term price objectives at $8.96, $16.17, and $26.24, contingent upon continued bullish conditions and strong market participation. While XRP’s momentum remains favorable, Martinez underscores that a confirmed breakout above $3 is essential to trigger any major upward move. Until this level is decisively breached, the asset is likely to continue consolidating within its established trading band. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Chartist Says XRP is Screaming All-Time High. Are You Seeing This? appeared first on Times Tabloid .
Could Kazakhstan's national reserves soon include digital assets?