Standard Chartered projects XRP ETFs could draw $4 billion to $8 billion in inflows in their first year if the CLARITY Act passes, a significant increase from the current $1.44 billion mostly from retail investors. The $1.45 price level acts as a major sell wall, capping XRP's price due to break-even sellers from previous cycles. Institutional investors, currently sidelined due to legal uncertainties, would enter the market if the CLARITY Act legally confirms XRP's commodity status, providing the buying power needed to break this wall and potentially drive prices higher. The outcome depends on the legislation passing and institutional inflows arriving quickly, with scenarios ranging from a price drop to $0.80-$1.00 if it fails, to a rise up to $3.50 if all factors align by year-end.
XRP whale activity has increased alongside a notable drop in Binance's XRP reserves, falling from 2.80 billion to 2.61 billion tokens. Withdrawal transactions on major exchanges like Coinbase, Binance, and Bybit have surpassed deposits, indicating la...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
