Connect with us
  • tg

Cryptocurrency

Analyst Expects XRP to Surge Over $3 in Q2 as Expert Thinks Solaxy Could Pump Too

letizo News

Published

on

As XRP’s price continues to consolidate following bullish developments, traders and long-term investors are speculating about its next explosive move.

The SEC’s lawsuit against Ripple (the company behind XRP and its native blockchain, the XRP Ledger) recently concluded in the latter’s favor – and since this outcome has been expected since Donald Trump’s election in November, experts think further price surges for XRP might be on the way.

As the US government and its financial regulator take a more supportive and constructive stance toward the Web3 industry, emerging cryptos like Solaxy ($SOLX) are quickly attracting investments from major institutions, whales, and leading analysts.

With almost $30 million raised, the SOLX presale is now one of 2025’s biggest success stories, and a popular destination for market participants who profited from their XRP positions.

Is XRP Ready for New All-Time Highs?

For crypto enthusiasts, November 2024 already feels like a distant memory as the market adjusts to the reality of a new Trump presidency. Donald Trump and his administration have made headlines on a daily basis since winning the US presidential election, and initially ignited a market-wide crypto bull run.

However, while some cryptocurrencies like Bitcoin and XRP have remained relatively stable, Ethereum and countless altcoins have suffered severe dips reaching into the high double digits.

Now that Ripple Labs have survived and settled an SEC lawsuit that began in December 2020, some commentators have expressed concern that XRP’s price could collapse to its previous levels. At the time of writing, XRP has established a potentially strong support zone between $1.90 and $2, with further support at $1.63:

The presence of a downtrend and resistance level (forming a bearish descending triangle pattern) is currently blocking XRP’s price from reaching new all-time highs – but hitting it would still represent an almost 30% gain from current prices. A breakout would open up new all-time highs as potential bullish targets for Q2 2025, and the sky could be the limit once again.

The popular trader Maxi recently posted his own similarly bullish analysis on X, outlining a symmetrical triangle pattern and targeting highs of at least $3.29:

$xrp will soon pump again! pic.twitter.com/2cpwldrQL4

— Maxi (@Velo_Maxi) March 30, 2025

A low-to-high move including a dip to $2 and a bounce to XRP’s previous all-time high ($3.40) would generate profits of 70% for buyers lining up at this coin’s key psychological price level.

If XRP dips lower before rebounding, greater long-term profits could be on the table – but buyers would need to manage their emotions and aim for a longer time horizon to maximize their chances of making a profit in that scenario.

While the dust settles around Ripple’s legal victory and XRP’s price reaction, some bulls have been eyeing Solaxy ($SOLX) and its virally successful presale.

Solaxy Presale Nears $30M, Next Crytpto to Pump in Q2?

While Layer 1 blockchain platforms like the XRP Ledger and Solana continue to acquire millions of users, Solaxy ($SOLX) has gone viral as the very first Solana L2 (Layer 2) network.

After booming in 2024, the Solana ecosystem started hitting roadblocks due to the network congestion and transaction failures that often accompany major events like popular meme coin launches.

Dissatisfied users have taken to social media to voice their concerns, and are waiting for a new solution to emerge. Although these issues have created some bearish sentiment around Solana, it’s incredibly bullish for early investors in Solaxy – which looks ready to resolve the pain points that have impacted Solana for several months.

Like Arbitrum and Optimism (a pair of Ethereum-based L2s that saw triple-digit gains following major exchange listings), Solaxy is designed to help Solana scale to new heights, attract more builders and users, and enable it to better serve trending Web3 sectors. With AI, DeFi, GameFi, real-world assets (RWAs) and tradfi integrations all set to expand massively, demand for Solaxy’s services will most likely skyrocket when it launches this year.

YouTubers like CryptoJack (252,000 subscribers) are highlighting all of Solaxy’s potential benefits, and expecting significant gains when SOLX becomes available for trading on exchanges worldwide.

Solaxy’s development team are moving quickly to get the L2 ready to go, announcing new bridging capabilities (connecting Ethereum and Solana), user interfaces, sequencer implementations, data handling optimizations, and a long list of additional upgrades. These proactive efforts bode well for Solaxy’s future, as user feedback will enable the team to continue building an even better blockchain.

The SOLX presale is offering tokens at a discounted price (currently $0.00168), with the option to begin staking immediately for an APY of up to 143% pa. The fundraising currently sits at almost $30 million, establishing Solaxy as one of 2025’s cryptos to watch – even before its presale concludes.

Visit Solaxy Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

letizo News

Published

on

TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

letizo News

Published

on

TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

letizo News

Published

on

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved