XRP Bulls Eye a Return to $0.42 on Growing SEC vs. Ripple Optimism

Audy Castañeda
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<strong>XRP Bulls Eye a Return to $0.42 on Growing SEC vs. Ripple Optimism</strong>

On Wednesday, XRP bucked a downtrend from the crypto market for a third session, rising 2.33% to end the day at $0.38899. Investors ignored the news that Silvergate Bank plans to liquidate, with SEC vs. Ripple case updates providing XRP price support. Technical indicators turned bullish, signaling a return to $0.45.

On Wednesday, XRP rose 2.33%. Following a 2.68% gain on Tuesday, XRP ended the day at $0.38899. Significantly, XRP revisited the 0.40 level for the first time since February 21.

A mixed start to the day saw XRP fall to a mid-morning low of $0.37248. Breaking away from the first major support level (S1) at $0.3700, XRP rallied to an early afternoon high of $0.40117. XRP broke above the first major resistance level (R1) at $0.3873 and briefly through the second major resistance level (R2) at $0.3944 before pulling back to end the day at $0.38899.

SEC vs. Ripple Case Rulings Provides Further XRP Price Support

Investors continued to respond to Monday’s court rulings in the SEC vs. Ripple. Presiding Judge Torres granted and denied the motions of both sides. However, the courts rejected further SEC motions to exclude expert witness testimony, putting the defendants in a better position.

The latest Court rulings brought the SEC vs. Ripple case back to market focus at a difficult time for the crypto market. The result could prove pivotal for the broader digital asset space. On Wednesday, news that Silvergate Bank was planning to close its doors added to market angst.

Ripple CEO Brad Garlinghouse had this to say:

“The headwinds keep growing – with the SEC declaring war on crypto, Chair Gensler continues to harp that firms simply need to come in and register, but the truth is there’s no infrastructure in place for a registered token to trade nor any clarity as to what these tokens are.”

Garlinghouse further stated the following:

“If you want to regulate, then regulate. Put in the hard work to build a framework and set guidance, as so many other G20 countries are already doing. The 27 EU member countries can agree on a set of rules with MiCA… What’s stopping the US?!”

XRP Action Price – Technical Indicators

XRP rose 0.34% to $0.39031. A mixed start to the day saw XRP fall to an initial low of $0.38580, before rising to a high of $0.39031.

XRP needs to avoid the $0.3875 pivot to target the first major resistance level (R1) at $0.4026. A return to $0.40 would signal a bullish session. However, the broader crypto market and SEC vs. Ripple talk would need to support a breakout.

In the event of a prolonged rally, XRP would likely test the second major resistance level (R2) at $0.4162, and resistance at $0.42. The third main resistance level (R3) sits at $0.4449.

A hold above the 200-day EMA ($0.38318) would support a break of R1 ($0.4026) to give the bulls a run into R2 ($0.4162) and $0.42. However, a drop through the EMAs would bring S1 ($0.3739) into play. A drop in XRP through the 50-day EMA ($0.37766) would send a bearish signal.

By Audy Castaneda

New Milestone for Tron [TRX], but Will that Really Be Enough?

Audy Castañeda
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New Milestone for Tron [TRX], but Will that Really Be Enough?

TRX completed 5 billion trades and also outperformed others in terms of stablecoin market capitalization. However, TVL decreased and market indicators remained bearish.

TRON’s latest announcement is evidence of its efforts to increase the global adoption and use of TRX. TRON has announced a partnership with the Commonwealth of Dominica to usher in a new era of Web 3.0.

The official announcement mentions that TRON will develop the first Caribbean Digital Identity Initiative, which includes the establishment of the Dominica Metaverse, as well as the operation of the Dominica Digital Identity (DDID) and Dominica Coin (DMC) programs.

User @trondao tweeted that “TRON will be helping to develop the Digital Identity Program for the Dominica Metaverse.”

He added that “this partnership recognizes Dominica’s potential to lead the way in this innovative technology.”

Similar Chain Growth

A similar rate of growth and increased adoption was also observed when it came to the performance of the TRON network. In fact, TRON recently hit a new milestone by successfully completing 5 billion transactions, proving the reliability and high usage of the network.

On Twitter, it was read that “TRON just hit a huge milestone, with over 5 billion total transactions.”

Not only that, but TRX was second only to Ethereum [ETH] in terms of total stablecoin market capitalization. In fact, the market capitalization of TRON’s stablecoin reached $36.4 billion, considerably higher than that of BNB Chain [BNB], Solana [SOL], as well as Polygon [MATIC].

Network Value Registered a Decrease

Despite increased adoption and usage, the value of the Tron network did not seem to follow the same trend.

In fact, data from DeFiLlama revealed that TRON’s Total Value Locked (TVL) has steadily declined over the past week.

TRON’s TVL had recorded a decline of more than 2% in the past 24 hours. Although one potential reason for the fall in value may be TRX’s price action, which was in favor of the bears, a look at TRX’s on-chain metrics suggested that other factors were at play as well.

Sentiments´data also revealed that TRON’s Binance funding rate dropped considerably in recent days. This is a negative development as it reflected lower demand for the token in the futures market.

Furthermore, the weighted sentiment remained on the negative side, suggesting lower investor confidence in TRON. Network development activity also slowed down last week, which overall seemed worrisome for TRON.

To conclude, TRX’s performance on the price front was unsatisfactory, thanks to the prevailing bearish sentiment in the market. According to CoinMarketCap, TRX is down more than 3% in the last seven days.

TRX’s daily chart suggested that similar performance can be expected in the coming days as most market indicators were bearish. For example, the MACD revealed the advantage of sellers in the market. TRX’s Chaikin Money Flow (CMF) recorded a sharp drop, raising the possibility of a price crash.

The Relative Strength Index (RSI) rested in the neutral zone. Nonetheless, the TRX Money Flow Index (MFI) gained bullish momentum – a bullish sign.

By Audy Castaneda

XRP to Target $0.40 on Renewed Optimism towards SEC vs. Ripple Case

Audy Castañeda
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<strong>XRP to Target $0.40 on Renewed Optimism towards SEC vs. Ripple Case</strong>

On Tuesday, XRP bucked a crypto market downtrend for the second session, rising 2.68% to end the day at $0.38015. Investors ignored aggressive testimony from Fed Chairman Powell with SEC vs. Ripple case updates providing XRP price support. Technical indicators turned bullish, indicating a return to $0.40.

On Tuesday, XRP rose 2.68%. Following a 0.92% gain on Monday, XRP ended the day at $0.38015. Significantly, XRP ended the day at $0.38 levels for the first time in six sessions.

A bearish start to the day saw XRP drop to an early morning low of $0.36702. Pulling away from the first major support level (S1) at $0.3619, XRP rallied to a late high of $0.38430. XRP broke above the first major resistance level (R1) at $0.3761, and briefly through the second major resistance level (R2) at $0.3820, before pulling back to end the day at $0.38015.

SEC vs. Ripple Case Rulings Provide XRP Price Support

Investors responded further to court rulings on Monday in the SEC vs. Ripple case. Presiding Judge Torres granted and denied the motions of both sides. However, the courts rejected further SEC motions to exclude expert witness testimony, putting the defendants in a better position.

The latest court rulings once again focus the market’s attention on the SEC vs. Ripple case, the outcome of which could prove pivotal for the broader digital asset space. The lack of a crypto regulatory framework has allowed the SEC to regulate using the app.

Further updates and comments from the SEC vs. Ripple case should carry more influence than other crypto events. Following the Court’s rulings on Monday, investors will be watching for Court decisions related to the Hinman Papers, which could have a material impact on the case.

Investors await a ruling on an SEC Motion to Redact Certain Content after failing to protect all of Hinman’s documents under attorney-client privilege. A ruling against the SEC could spark speculation about a possible deal.

XRP Price Action – Technical Indicators

XRP rose 0.69% to $0.38278. A mixed start to the day saw XRP fall to an early low of $0.37998, before rising to a high of $0.38569.

XRP needs to avoid the $0.3772 pivot to target the first major resistance level (R1) at $0.3873. A return to $0.3850 would signal a bullish session. However, the broader crypto market, as well as SEC vs. Ripple talk, would need to support a breakout.

In the event of a prolonged rally, XRP would likely test the second major resistance level (R2) at $0.3944, and resistance at $0.40. The third main resistance level (R3) sits at $0.4117.

XRP was above the 200-day EMA, currently at $0.38285. The 50-day EMA turned down to the 100-day EMA, and the 100-day EMA went closer to the 200-day EMA. The signs were bullish

A break of XRP from the 200-day EMA ($0.38285) would support a move through R1 ($0.3873) to give the bulls a run into R2 ($0.3944) and $0.40. However, a drop through the 200-day EMA ($0.38285) and 100-day EMA ($0.37853) would bring the 50-day EMA ($0.37465) and S1 ($0.3700) into view. A drop in XRP through the 50-day EMA would send a bearish signal.

By Audy Castaneda

BTC Bears to Target Less than $21,500 in US Labor Market Stats and Powell

Audy Castañeda
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<strong>BTC Bears to Target Less than $21,500 in US Labor Market Stats and Powell</strong>

It was a bearish session on Tuesday, with BTC tumbling 0.87% to end the day at $22,209. Fed Fear returned Tuesday, with Fed Chairman Powell raising the prospect of a 50 basis point rate hike. in March. Technical indicators are bearish, with less than $21,500 in sight.

On Tuesday, Bitcoin (BTC) fell 0.87%. Following a 0.12% loss on Monday, BTC ended the day at $22,209. While it failed to reach the $23,000 level for the fourth session in a row, BTC revisited levels below $22,000 for the second time since February 14.

A mixed start to the day saw BTC rally to an early high of $22,554. Entering the range of the first major resistance level (R1) at $22,571, BTC slid to a mid-afternoon low of $21,950. BTC fell through the first major support level (S1) at $22,258 and the second major support level (S2) at $22,112 before a partial recovery to end the day at $22,209.

Fed Chairman Powell Sends BTC and NASDAQ Composite Index into the Red

It was a quiet day on the US economic calendar. There were no US economic indicators for investors to consider, leaving Fed Chairman Powell to influence the afternoon session.

Unexpectedly aggressive testimony caught investors by surprise. Powell sent BTC below $22,000, and the NASDAQ Composite Index into negative territory.

On Tuesday, Fed Chairman Powell spoke of the need for higher rates to combat inflation, noting that economic data was better than expected. In response, the NASDAQ Composite Index fell 1.25%, and the S&P 500 fell 1.53%. The NASDAQ mini is down 15.75 points this morning.

While Fed Chairman Powell weighed on investor sentiment, regulatory activity and talk from US lawmakers continued to put pressure on BTC and the broader crypto market.

However, Court decisions against SEC motions cushioned the downside for BTC and the broader crypto market. On Tuesday, the US Courts approved the Binance.US acquisition of Voyager Digital for $1.3 billion.

On Tuesday, a Senate Environment and Public Works Subcommittee hearing on crypto asset mining and the environment had little impact on proof-of-work cryptocurrency prices.

Bitcoin (BTC) Price Action – Technical Indicators

This morning, BTC rose 0.18% to $22,250. A bullish start to the day saw BTC rally from an initial low of $22,203 to a high of $22,291.

BTC needs to avoid the $22,238 pivot to target the first major resistance level (R1) at $22,525, as well as Tuesday’s high of $22,554. A return to $22,500 would signal a bullish session. US crypto news leads and economic indicators should be crypto friendly to support a prolonged rally.

In the event of a prolonged rally, BTC would likely test the second major resistance level (R2) at $22,842, and resistance at $23,000. The third major resistance level (R3) sits at $23,446.

Looking at the EMAs and the 4-hour candlestick chart, it was a bearish sign. BTC sat below the 50-day EMA ($22,701). The 50-day EMA pulled back from the 200-day EMA, and the 100-day EMA turned down to the 200-day EMA, which led to bearish signals.

A move through R1 ($22,525) would give bulls a run on the 50-day EMA ($22,701) and R2 ($22,842). A move through the 50-day EMA would send a bullish signal. However, a failure to break above the 50-day EMA ($22,701) would leave major support levels in play.

By Audy Castaneda

ETH and Sub-$1,500 in Powell’s Hands and US Labor Market Stats

Audy Castañeda
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<strong>ETH and Sub-$1,500 in Powell’s Hands and US Labor Market Stats</strong>

On Tuesday, Ethereum (ETH) resumed the downtrend, falling 0.26% to close the day at $1,562. Testimony from Fed Chairman Powell, as well as a bearish NASDAQ Composite Index, left ETH in negative territory. Technical indicators remain bearish, with less than $1,500 in sight.

Ethereum (ETH) fell 0.26% on Tuesday. Reversing a 0.06% gain on Monday, ETH ended the day at $1,562. ETH failed to reach the $1,600 level for the fourth session in a row.

A mixed start to the day saw ETH rally to an early morning high of $1,584, before pulling back. Facing the first major resistance level (R1) at $1,581, ETH slid to a mid-afternoon low of $1,536. ETH briefly fell through the first major support level (S1) at $1,553, and the second major support level (S2) at $1,540, before ending the day at $1,562.

Fed Chairman Powell Sends ETH into the Red as Stake Flows Fall

It was another quiet session on Tuesday. There were no updates on the delayed Shanghai update to influence investor sentiment. Following the surge in staking inflows ahead of the Shapella update, ETH daily inflows have fallen to below normal levels this week.

The pushback is likely in response to the Shanghai update delay, as well as to increased regulatory and legislative scrutiny.

According to CryptoQuant, ETH staking inputs stood at 13,952 ETH on March 7. While up from 3,552 ETH on March 5, inflows are well below the current year high of 198,560 on February 25.

While betting inputs were bearish, Fed Chairman Powell and the NASDAQ Composite Index had more influence on Tuesday.

Unexpectedly aggressive testimony caught investors by surprise. Powell sent BTC below $22,000 and the NASDAQ Composite Index into negative territory.

On Tuesday, Fed Chairman Powell spoke of the need for higher rates to combat inflation, noting that economic data was better than expected. In response to Powell’s testimony, the NASDAQ Composite Index ended the day down 1.25%. The NASDAQ mini was up 4.25 points this morning.

Ethereum (ETH) Price Action – Technical Indicators

ETH rose 0.20% to $1,565. A bullish start to the day saw ETH rally from an initial low of $1,562 to a high of $1,571.

ETH needs to avoid the $1,561 pivot to target the first major resistance level (R1) at $1,585. A return to $1,580 would signal a bullish session. However, the Shanghai update news and crypto news wires should be ETH-friendly to support a breakout.

In the event of a prolonged rally, the bulls would likely test the second major resistance level (R2) at $1,609. The third main resistance level sits at $1,657.

Looking at the EMAs and the 4-hour candlestick chart, it was a bearish sign. Ethereum broke below the 50-day EMA, currently at $1,587. The 50-day EMA pulled back from the 200-day EMA, and the 100-day EMA turned down to the 200-day EMA, which led to bearish signals.

A move through R1 ($1,585) and the 50-day EMA ($1,587) would give bulls a run on the 200-day EMA ($1,596) and 100-day EMA ($1,602) and R2 ($1,609). A move through the 50-day EMA would send a bullish signal. However, if the 50-day EMA ($1,587) is not broken, the major support levels will still be in play.

By Audy Castaneda

2025 BTC “Will Surprise People” – Crypto Strategist Reveals Bull Run Factors

Audy Castañeda
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<strong>2025 BTC “Will Surprise People” – Crypto Strategist Reveals Bull Run Factors</strong>

While the bear market is deepening, many investors are ignoring the bullish factors driving Bitcoin to new highs in 2025. Crypto strategist Lark Davis thinks so.

On March 4th, prominent YouTuber and crypto influencer Lark Davis decided to think outside the box and put all the major corporate acquisitions together. The goal: is to reinforce his belief that what could happen after the Bitcoin halving in 2024 is “going to blow people away.”

Lark Davis isn’t just trying to make a bear market statement in a series of tweets. He also compiles a list of the most important adaptations to support his statement.

To start with, the influencer tweeted the following:

“Don’t be fooled by the bear market. Corporate adoption of cryptocurrencies is happening. Some big players are making some serious moves.”

Therefore, according to Davis, what could follow the BTC halving in 2024 could exceed all expectations. Number 1 on Davis’ cryptocurrency adoption list is BlackRock, the world’s largest wealth manager, with up to $10 trillion in assets under management (AUM) under management.

According to Davis, BlackRock has launched a private Bitcoin spot fund to launch its own BTC trading service, along with a collaboration with Coinbase, one of the largest cryptocurrency exchanges.

Third on Davis’ list is none other than Visa, Mastercard’s direct competitor. The influencer reflects on Visa’s close collaboration with WirexApp, another crypto payments app, to expand its crypto-linked debit card worldwide, including to customers in the US, Asia Pacific, UK, and, in the future, in 40 other countries, according to Davis.

2024 is the BTC Halving: What to Expect?

Along with Davis’ breakdown of why the bitcoin halving could have a bigger impact than expected, the BTC halving is an update that both bitcoin maxis and the broader crypto community have been anticipating: everyone hopes that it can be a good catalyst to get us out of this bear market nightmare.

According to Pantera Capital, the next bitcoin halving is expected to take place on April 20, 2024. And while the market peaks on average 1.3 years after the halving, if history turns repeats, the next BTC halving could result in BTC rising to $36,000 immediately before the halving and rising to $149,000 after the halving.

There is still a bit of time before the halving, and BTC continues to suffer from a downward trend, following several negative industry news. These include fallout from US-based crypto-friendly bank Silvergate. Over the past 7 days, the price of BTC is down almost 5%.

Should Bitcoin Be Bought Now?

Bitcoin is considered the lowest-risk cryptocurrency, so Bitcoin can be bought today. For those interested in optimized risk-return potential, it might be worth taking a look at C+Charge (CCHG). According to forecasts, the Blockchain-based crypto project is developing a promising payment and charging system for electric cars. currently on presale. One CCHG costs 0.018 USDT; in 1 day and 3 hours, the price increases to 0.019 USDT.

By Audy Castaneda

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