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Here’s The Level That XRP Price Must Reclaim To Trigger Another Surge

✇NewsBTC
By: Scott Matherson

Crypto analyst Dom has provided an update on what could spark the next XRP price surge. He highlighted an important level that the altcoin needs to reclaim for it to rally to $2.50, which would mark a new high since the October 10 liquidation event.

XRP Price Must Reclaim This Level To Trigger Another Surge

In an X post, Dom stated that the XRP price needs to regain the monthly rVWAP around $2.22, as that would be the shift for a rally towards $2.50. This came as the analyst revealed that an inverse of the XRP chart over the last six weeks shows a perfect 3-drive pattern, which is a very accurate reversal setup in crypto. 

Dom also stated a higher low has finally formed, which can hint at the first sign of a trend change developing. He added that the order books are clear and that there was no better time for this trend to shift for the XRP price. If the setup fails, the analyst remarked that acceptance below $2 is next and that the end-of-year price action could turn ugly. 

XRP

Crypto analyst Egrag Crypto also recently highlighted key levels to watch for the XRP price. He stated that a close above $2.60, which is above the Fib 0.5, is bullish, but doesn’t mean that the altcoin is fully out of the woods. Furthermore, he claimed that a close above $3.40, which is above Fib 0.888, is super bullish and would mean that the altcoin is back in a bull market. On the other hand, a close below the 21 EMA could spell trouble for XRP, according to the analyst. 

A Breakout To $2.75 Could Be In Play

In an X post, crypto analyst Ali Martinez stated that a breakout toward $2.75 could happen if the XRP price breaks above $2.28. His accompanying chart suggested a rally to this $2.75 level could open the door to a sustained rally to the psychological $3 level. Meanwhile, Martinez warned that XRP could drop to as low as $1.2 if it falls below the key support level at $2.  

Crypto analyst CasiTrades has predicted one final drop for the XRP price before it reaches new highs. She outlined two scenarios for the altcoin after a backtest of the $2.04 level. The analyst stated that a double bottom could form around $1.80, or the altcoin could see a deeper sweep to the $1.64, .618 macro support. However, it is worth mentioning that XRP has successfully broken above the $2.04 level, which could invalidate this setup. 

At the time of writing, the XRP price is trading at around $2.18, down in the last 24 hours, according to data from CoinMarketCap.

XRP

XRP Coils At Support: Refusal To Drop Hints At Potential Reversal — Here’s Why

✇NewsBTC
By: Godspower Owie

The XRP price action is now showing signs of resilience as it coils tightly around a key support level, fighting against further downside pressure. Despite recent pressure across the broader crypto landscape, XRP has repeatedly held this level. With bearish momentum fading and volatility compressing, it could be preparing for a potential reversal.

Support Cluster Shows Strength As XRP Holds Its Ground

XRP is reaching a point where it refuses to go any lower. Crypto analyst Henry has noted on X that the token is whispering loudly right now, showing strength exactly where it matters, and rising clearly from its trendline support after days of bleeding.

This level has been tested, rejected, and respected with precision, but this bounce feels different as the structure looks cleaner, the moment feels calmer, and the overall price action seems controlled. Whether it breaks out this time or not, the setup is undeniably shifting fast. 

Adding to the momentum narrative, Bloomberg reports that $11 trillion asset manager Vanguard will begin to allow clients to access their XRP ETFs starting from tomorrow. Meanwhile, the US spot crypto ETF flows on December 1st came in at a solid $90+ million. As a result of the setup, Henry has suggested that the next major target sits around $2.20 region if the market confirms the move.

XRP

An inverted look at the XRP chart over the last six weeks reveals a textbook 3-drive pattern, a formation that has constantly preceded major reversal events in crypto. According to Dom, the translation into a higher low has finally formed, which hints at the first sign that a trend change could be developing.

However, bulls need to regain the monthly RVWAP around the $2.22 region, and holding above this area would mark a significant shift in structure, opening the door for a continuation rally towards the $2.50 range. The order books are clear enough that, if momentum is going to flip, this is the time. If this price setup fails to hold this structure and slips back below $2.00, Don warns that the end of the year could turn less favorable.

Why Exchange Balance Is The Ultimate Supply Metric

The Co-founder of Tedlabsio, trader and investor Niels, pointed out that XRP has just flashed one of the strongest bullish signals seen in the current market cycle. Over the past two months, roughly 45% of the XRP supply held on exchanges has been withdrawn and moved off trading platforms. 

A drop in exchange supply this sharp only happens when the smart money is accumulating heavily. When the supply available on the exchange reduces, the selling pressure reduces, and this is how big moves begin. Niels believes that XRP is entering that phase where most people haven’t noticed yet.

XRP

UK Passes Bill Formally Recognizing Crypto as a New Category of Property

✇Bitcoin Magazine
By: Micah Zimmerman

Bitcoin Magazine

UK Passes Bill Formally Recognizing Crypto as a New Category of Property

The United Kingdom has officially written crypto into its legal framework as a distinct form of property.

On Tuesday, the Property (Digital Assets etc.) Act 2025 received Royal Assent from King Charles III, completing its passage through Parliament and creating a third, legally recognized category of property specifically for digital assets. The act passed both houses without amendment.

The new classification places assets such as bitcoin, stablecoins and NFTs into a bucket separate from traditional “things in possession,” like physical objects, or “things in action,” like contractual rights. Policymakers say the reform was needed to modernize property law for the digital era.

“A third category of property now exists, and it finally gives legal protection to the sats you hold,” said Susie Ward, CEO of Bitcoin Policy UK. Her group’s Chief Policy Officer, Freddie New, called the act potentially “the biggest change in English property law since the Middle Ages.”

The reform stems from a 2023 recommendation by the Law Commission, which argued that digital assets did not fit neatly into existing legal categories. The bill was introduced in the House of Lords in September 2024 before moving swiftly through Parliament.

While U.K. courts had already been treating crypto as property in rulings over the past several years, the approach relied on case-by-case judgments. 

BREAKING: 🇬🇧 UK passes law officially recognising crypto as property. pic.twitter.com/d7HvkUyFEG

— Bitcoin Magazine (@BitcoinMagazine) December 3, 2025

Crypto’s ‘clearer legal’ footing

Trade association CryptoUK said codifying the principle in statute offers much clearer legal pathways in matters involving theft, fraud, insolvency and estate planning.

“This gives digital assets a much clearer legal footing — especially for things like proving ownership, recovering stolen assets, and handling them in insolvency or estate cases,” CryptoUK said in a statement on X.

Lawmakers also framed the legislation as a boost to consumer and investor protection.

“By recognizing digital assets in law, the U.K. is giving consumers clear ownership rights, stronger protections, and the ability to recover assets lost through theft or fraud,” Gurinder Singh Josan, co-chair of the Crypto and Digital Assets All Party Parliamentary Group, told CoinDesk. 

The Royal Assent was formally announced in the House of Lords around 2:30 p.m. Tuesday, marking the moment the bill became law.

UK’s bitcoin ETN ban lift 

Earlier this year, the U.K. lifted its four-year ban on retail access to bitcoin and crypto ETNs, allowing firms to offer the products on FCA-approved exchanges. 

After the ban, BlackRock then launched its fully backed iShares Bitcoin ETP (IB1T) on the London Stock Exchange.

Meanwhile, the UK government is reportedly weighing a ban on crypto donations to political parties as it drafts its upcoming Elections Bill, according to people familiar with internal discussions and POLITICO reporting. 

The move would directly affect Nigel Farage’s Reform UK, which became the first British party to accept digital asset donations and has already received several. 

This post UK Passes Bill Formally Recognizing Crypto as a New Category of Property first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

UK Scraps DeFi Capital Gains Tax on Crypto Lending — “No Gain, No Loss” Until Sale

✇Cryptonews
By: Hassan Shittu

The U.K. government has moved a step closer to overhauling how decentralized finance activity is taxed, backing a new framework that would spare users from triggering capital gains each time they deposit tokens into lending protocols or liquidity pools.

HM Revenue and Customs (HMRC) published its updated position this week, showing support for a “no gain, no loss” model that would align tax events with actual economic outcomes rather than every token movement.

Source: HMRC

UK Proposes Taxing DeFi Gains Only at Withdrawal, Not at Deposit

Under the current system, DeFi users can incur a capital gains tax charge simply by depositing tokens into a protocol, even if they retain exposure to the same asset.

That interpretation treats deposits as disposals, forcing users into complex record-keeping and potential tax bills before any real profit is made.

The proposed change would defer tax until users eventually sell, swap, or otherwise dispose of their assets in a way that reflects a genuine gain or loss.

HMRC’s revised approach follows more than two years of consultations, including a public call for evidence in 2022 and a formal consultation in mid-2023.

A newly published summary shows that 32 organizations and individuals submitted detailed responses, including Aave, Binance, Deloitte, CryptoUK, and several major accounting firms.

Many respondents argued that the current rules distort economic reality and place disproportionate administrative burdens on everyday DeFi participants.

The “no gain, no loss” model would apply to both single-token lending arrangements and more complex multi-token setups such as automated market makers.

That means users supplying liquidity to pools would no longer be taxed at the point of deposit. Instead, tax would be calculated when tokens are withdrawn and ultimately sold.

If users receive more tokens back than they deposited, the excess would be taxable as a gain. If they receive fewer, it would be treated as a loss.

The framework would also apply to crypto borrowing arrangements. When users borrow tokens and later repay them, the disposal would be calculated only from the difference between what was borrowed and what is returned.

Notably, this will ensure the tax bill reflects real gains rather than notional movements between smart contracts.

Aave Founder Calls UK DeFi Tax Update a “Major Win” as HMRC Backs NGNL Model

Aave founder Stani Kulechov described the update as a “major win for U.K. DeFi users,” noting that HMRC’s willingness to treat deposits as non-disposals reflects how decentralized protocols function in practice.

HMRC has published its consultation outcome in the UK regarding the taxation of DeFi activities related to lending and staking.

A particularly interesting conclusion is that when users deposit assets into Aave, the deposit itself is not treated as a disposal for capital gains…

— Stani.eth (@StaniKulechov) November 27, 2025

Industry participants responding to the consultation consistently backed the NGNL model over alternatives, warning that repo-style rules or treating every token movement as a taxable event would introduce even more complexity, particularly for retail users.

The changes do not show a loosening of the U.K.’s overall crypto tax regime. Cryptoassets remain classified as property, and disposals such as selling, swapping, or spending tokens are still subject to capital gains tax.

Income from mining, staking rewards, airdrops, and employment-related crypto continues to fall under income tax rules.

HMRC emphasized that even under the revised framework, users may still be required to report high volumes of transactions, though the agency is working with software providers to assess the burden.

The updated DeFi tax approach comes as the U.K. steps up enforcement efforts across the crypto sector. HMRC issued 65,000 “nudge letters” to suspected under-reporters this year, a 134% increase from 2024, using exchange-supplied data to identify potential cases.

✉ UK tax authority sent 65,000 warning letters to crypto investors, a 134% jump from last year, signaling tougher enforcement.#UK #Taxhttps://t.co/Um572G9yGj

— Cryptonews.com (@cryptonews) October 19, 2025

A broader crackdown is scheduled for 2026 when the global Crypto-Asset Reporting Framework comes into force, requiring platforms to collect and report customer tax reference numbers.

Treasury officials expect the initiative to generate more than £300 million in additional revenue by 2030.

🇬🇧 UK Treasury targets crypto tax evaders with £300 fines starting January 2026 as new compliance framework projects massive £315M revenue boost amid global crackdown.#UK #CryptoTaxhttps://t.co/jLzBCmDuiW

— Cryptonews.com (@cryptonews) July 7, 2025

Alongside tax reforms, the government is pushing ahead with broader digital-market restructuring. The U.K. recently lifted its four-year ban on crypto-based exchange-traded notes, opening the door for new listings in London. Officials are also preparing to appoint a “digital markets champion” to oversee the transition to blockchain-based financial infrastructure, including tokenized securities and digital gilts.

The post UK Scraps DeFi Capital Gains Tax on Crypto Lending — “No Gain, No Loss” Until Sale appeared first on Cryptonews.

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