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Confirming The Bitcoin Price Direction: Analyst Reveals What You Should Look Out For

After breaking below $90,000 again, the next direction of the Bitcoin price is being hotly debated once again. This comes with the added burden of a number of major events coming around this week, as well as investor sentiment being stuck in the negative territory for an extended period of time. Crypto analyst, MarcPMarkets, shares his thoughts on the current state of the market and what investors should be looking out for as the next direction is determined.

The Bearish And Bullish Scenarios

In the analysis shared on the TradingView website, MarcPMarkets highlights the different scenarios that could determine where the Bitcoin price could be headed next. Cautioning investors to watch out for confirmation, the first level that the analyst highlights is the $93,500 area, where the Bitcoin price had failed to reclaim a high.

Since the price fell below $90,000 over the weekend, the next major level now lies at $88,000, and it is where bulls must protect their support. In the event that bulls lose this support and the price breaks decisively below this point, the crypto analyst warns investors to expect the Bitcoin price to crash another $10,000. Next would be the $78,000 area, where the cryptocurrency is likely to secure its next support.

On the flip side, where the Bitcoin price could turn bullish once again, the crypto analyst points to the $95,000 resistance. Investors are to pay attention to this resistance, because if broken, then it would mean that strength is building back up, completely canceling out the bearish scenario highlighted above.

The major targets in the case of a bullish takeover would first be $105,581. Above this lies the next major level of $113,213, and then finally, the $120,850 target that would be the final hit before momentum fizzles out.

Bitcoin price

Developments That Could Affect The Bitcoin Price

Beyond the price action, some events that could affect Bitcoin’s trajectory are expected to unfold this week. The FOMC meeting is drawing closer, with the Fed expected to announce its stance on the financial markets going forward.

If, at the completion of the press conference, the Fed takes on a dovish stance, then the crypto analyst expects that prices will begin to move upward again. Additionally, quantitative tightening ended at the start of December, ushering the markets into an era of quantitative easing, which has always been bullish for risk assets as new liquidity is pumped into the market.

Bitcoin price chart from Tradingview.com

Solana Welcomes Bearish December, But Pundit Shares Possible Move To $170

The last quarter of the year has always been quite bearish for the Solana price, marking the highest losses for the altcoin since it was launched back in 2020. Naturally, this has made Q4 a dreaded time for Solana investors, and the year 2025 has not been any different. The last two months have already closed in the red with double-digit losses, and with only December left to go, the Solana price might be on track to complete yet another bearish quarter.

Looking At The Historical Performance Of Solana In Q4

Taking into account data from the CryptoRank website, it shows Solana’s less-than-favorable performance in the last quarter. In the last five years, Q4 has had the highest average losses compared to the other quarters, and the month of December plays a major role in that due to how bearish it is.

December, in particular, boasts the second-highest average losses, second only to May’s -9.96% average. However, when it comes to the median returns, the month of December takes the cake, recording a high average of -19.6% losses over the year.

In the five years of its existence, only one year, in 2023, has the Solana price closed out the month of December in the green with 71.4% gains. The other years have ended with at least 18% losses, and this month is already looking bearish with -0.79% losses so far.

With the months of October and November already closing in the red, it is likely that December will follow. The last time that both October and November closed in the red was back in 2022, and December would follow suit with -29.6% returns for the month.

Solana price

Analyst Says A Bounce Could Come Instead

While historical data suggests that the Solana price could end up struggling this month, one crypto analyst has presented a scenario where the altcoin could bounce back. This move is predicated on Solana’s ability to actually hold the support and break the next resistance.

Interestingly, though, the analyst’s chart shows an initial 15% dump before the Solana price finds support somewhere around $116. After that, the price is expected to rebound, and the target for the cryptocurrency after this would be the $170 level. The weekly candlestick also supports this possible jump, something that would send Solana to the green in September.

For now, the bulls continue to struggle despite last week’s campaign for $150, suggesting that there is a great deal of resistance at this level. If selling continues to build up, then it is likely that Solana will move down as predicted.

Solana price chart from Tradingview.com

Here’s When The Altcoin Season Happens Following The Bitcoin Cycle

Bitcoin’s recent movement has left many traders waiting for signs of an altcoin season, and a post shared by crypto analyst Crypto Nova offers a different way to understand when this will actually begin. 

The explanation, supported by charts from 2017 and 2021, shows that altcoins have historically performed their best while Bitcoin’s price action was already climbing, not after it had reached its peak. The charts she shared show how those earlier cycles unfolded and why the timing of Bitcoin’s surge has been the important factor each time.

Altseasons Form During Bitcoin’s Strongest Surges

This outlook goes against the projection of many crypto analysts, who have been waiting for a downturn in the Bitcoin dominance characterized by outflows from Bitcoin and into the altcoin market.  

However, careful technical analysis shows that the largest and most explosive altcoin seasons did not occur after Bitcoin had completed its run. Instead, they developed while Bitcoin was already pushing to new price highs. 

The 2017 cycle illustrated this the most clearly. Bitcoin dominance began to decline during an altcoin season, even as BTC surged from around $1,000 to nearly $20,000. The chart shows a waterfall-like collapse in dominance from 95% in early 2017 to below 40% in early 2018, happening at the exact moment when Bitcoin was rising massively. Altcoins were already outperforming the leading cryptocurrency long before Bitcoin topped just below $20,000.

Bitcoin

A similar pattern played out in 2021. Bitcoin dominance peaked in January of that year and started falling while the Bitcoin price climbed from roughly $30,000 to its mid-cycle high above $60,000. Although altcoins took a little longer to increase compared to 2017, the bulk of their performance still arrived during Bitcoin’s rapid upward trajectory, not after it had stalled or reversed. 

The charts below highlight this synchronicity clearly: dominance moves lower while Bitcoin candles continue to stretch higher.

Bitcoin Needs A Confirmed Bottom And A New Surge

Nova noted that traders are making a mistake by focusing solely on Bitcoin dominance without considering Bitcoin’s broader market structure. It is important to note that dominance does not drop simply because Bitcoin moves sideways or reaches a peak. 

Instead, dominance mostly declines when Bitcoin is in a strong, sustained uptrend, but the altcoin niche is witnessing more inflows compared to the leading cryptocurrency. This means an altcoin season is unlikely to start until Bitcoin prints a confirmed bottom and its rally convinces inflows into altcoins. 

As noted by the analyst, Bitcoin is currently in a downtrend, and without a shift in trend, dominance metrics alone cannot trigger altcoin momentum. This viewpoint challenges the frequent claims circulating online that altseason is here or just about to begin.

As it stands, the crypto industry is still logged into a Bitcoin season, with the CMC altcoin season index sitting at 19 and the CMC Bitcoin dominance at 58.7%.

Altcoin

Dogecoin Payments For Cars: The Quiet Promise That Tesla’s New Code Carries

DOGE community member DogeMemeGirl has drawn the community’s attention to Tesla’s new code, which hints at Dogecoin payments integration. This comes over a year after Elon Musk revealed that Tesla would accept DOGE as a payment option at some point. 

Dogecoin Payments May Be Imminent As Tesla Updates Backend Code

In an X post, DogeMemeGirl revealed that Tesla is upgrading its Dogecoin integration as the new backend code shows a “massive” shift from the old setup. She explained that the old code was basic and dormant, restricted to Tesla’s merchandise only. Meanwhile, the code provides a significant upgrade and hints at DOGE payments for Tesla cars. 

The community member revealed that the new code is woven deep into vehicle checkout for the Tesla Model 3 and the Cybertruck. It also includes hidden “order with Dogecoin” buttons that indicate the Dogecoin payments integration. Lastly, DogeMemeGirl stated that the new code features real-time price conversion and dynamic error handling. 

She also hinted that Dogecoin is likely to be the only crypto that will be accepted by Elon Musk’s Tesla in the meantime. This came as DogeMemeGirl stated that the Bitcoin references have been scrubbed in the new code, while DOGE remains. The community member noted that it is still disabled, but that the infrastructure to buy a Tesla with DOGE is actively being built. 

Tesla’s potential integration of Dogecoin payments could provide a huge boost for the foremost meme coin, expanding its utility and likely leading to more adoption for DOGE. Notably, Musk stated last year that his car company would begin accepting DOGE payments for car purchases at some point. Tesla already accepts the meme coin for some of its merchandise. 

DOGE Integration In X Payments?

This development of the Tesla Dogecoin payments integration comes amid speculations that Elon Musk’s X could also integrate the meme coin into ‘X Payments.’ Musk stated last month that X payments is coming soon, with the possibility that it will still launch this year, as earlier announced by the then-CEO Linda Yaccarino.

DOGE community members, including famous crypto pundit Kevin Capital, have speculated that Musk will integrate DOGE in X payments, which would boost the meme coin’s adoption. Kevin indicated that a potential integration could also significantly impact the DOGE price. 

In the meantime, the meme coin just received another major boost as Argentina’s capital, Buenos Aires, reportedly passed a law allowing its citizens to pay taxes in DOGE. Dogecoin’s official X platform drew attention to this development just as the meme coin celebrated its 12th anniversary, having launched in 2013. 

At the time of writing, the Dogecoin price is trading at around $0.14, up in the last 24 hours, according to data from CoinMarketCap.

Dogecoin

What’s Happening With XRP And Why Did Its Spot ETF Crash 20%?

XRP’s price has continued to chop, trading sideways, which has impacted the price of the U.S. spot ETFs that provide exposure to the altcoin. Canary Capital’s XRP fund has crashed 20% since its launch, although this fund remains the largest by assets under management (AuM). 

XRP’s Sideways Price Action Leads To Spot ETF Crash

The XRP price has continued to trade within a tight range, just above the psychological $2 level, sparking bearish sentiment among investors. The altcoin is down over 10% in the last month, around the time the first spot XRP ETF, Canary’s fund, launched. This bearish price action has notably contributed to a price crash for Canary’s XRPC fund. 

TradingView data shows that Canary’s XRP ETF is down 20% since its launch on November 13. XRPC also dropped almost 10% last week amid choppy price action. Canary’s fund has also likely crashed due to increased competition from three other spot funds that launched after it. This has led to a slowdown in its inflows since these funds launched. 

XRP

Meanwhile, these funds track the spot XRP price, which also explains Canary’s XRPC crash. XRP has mirrored Bitcoin’s price action amid concerns that the crypto market may already be in a bear market. XRP whales also look to be bearish at the moment, as Santiment data shows a drop in whale transactions from a recent high recorded in November. 

However, despite this bearish sentiment, with the crypto market currently in a state of fear, the XRP ETFs have continued to record daily net inflows. SoSo Value data show that these funds have been on a 16-day net inflow streak since Canary’s XRP fund launched on November 13, and they have yet to record a net outflow day. 

Canary’s XRP ETF, which has suffered a 20% price crash, is currently the largest spot XRP fund with $364 million in assets under management. Grayscale’s GXRP is second with $211 million, while Bitwise and Franklin Templeton are third and fourth. As a group, these XRP funds are about to hit $1 billion in assets under management, with $861 million in total net assets. 

Some Positives For The Altcoin

Santiment data show that XRP exchange outflows have outweighed inflows in recent times. This is a positive as it indicates that more investors are accumulating than selling. Exchange outflows typically represent moves for long-term holding, especially in anticipation of higher prices. 

In an X post, Santiment mentioned that the XRP Ledger is seeing a fascinating trend of whale and shark wallets shrinking in number but continuing to grow in coins held. The on-chain analytics platform noted that there are 20.6% fewer 100 million XRP wallets, but that these wallets, as a group, still own a 7-year high 48 billion coins. As such, the existing 100 million XRP wallets are doubling down on their accumulation efforts and making up for the shrinking number of wallets. 

At the time of writing, the altcoin’s price is trading at around $2.07, up in the last 24 hours, according to data from CoinMarketCap.

XRP

Dogecoin’s Dozen Years: King Of Meme Coins Marks 12th Birthday In Rough Markets

Dogecoin has just celebrated its 12th anniversary, a milestone that arrives during a period of shaky price action. The meme coin has spent the majority of recent days trading with a bearish tone, but its anniversary places into perspective how much the crypto environment has changed since the token’s joke-related launch in 2013. 

The celebration comes as analysts continue to debate whether Dogecoin’s long accumulation structure is nearing a turning point, and its next breakout might define its 13th year.

A Milestone That Shows How Far Dogecoin Has Come

Dogecoin began as a lighthearted project by developer Billy Markus and Adobe sales employee Jackson Palmer in order to poke fun at the rising popularity of Bitcoin at the time. Over the years, what started as a joke has grown into one of the world’s most recognized cryptocurrencies. 

Happy birthday to Dogecoin.

12 years and going. pic.twitter.com/n9Qg6KtfQU

— dogegod (@_dogegod_) December 6, 2025

At its peak on May 8, 2021, DOGE reached an all-time high of $0.73 with a market capitalization nearing $88.7 billion. Today, despite the recent price action, Dogecoin is still among the top 10 cryptocurrencies, with a market value around $22.5 billion and trading near $0.14.

The 12th birthday of Dogecoin came at a time when broader market sentiment is weak and investors remain cautious. On its anniversary, Dogecoin dropped by 3.1%, steeper than the general market dip, due to ongoing pressure on meme coins.

Amidst this, some milestones still stand out. The introduction of a Spot Dogecoin ETF shows this transformation more vividly than anything else, because it shows major financial players now view the meme coin as an asset worthy of structured, regulated investment exposure. 

Although early participation has been modest, the token’s entry into ETF territory is much more symbolic, as it represents a profound departure from the ecosystem that shaped its early years, and this could lead the cryptocurrency to new all-time highs in the coming months. 

What The 12th Year Means For Dogecoin’s Future

Reaching 12 years isn’t just a symbolic milestone. It illustrates Dogecoin’s longevity in a crypto environment where many cryptocurrencies fade quickly. The fact that Dogecoin still holds a top-tier market position suggests resilience. That resilience is now being echoed on-chain, as some of the largest Dogecoin wallets have begun adding to their balances again after activity recently fell to a multi-month low.

There are rumors that the updated internal code of Tesla’s website contains deeper Dogecoin payment mechanisms for electric cars like the Model 3 and Cybertruck, which is possibly related to the announced XMoney payment system on the X platform. 

This naturally circles back to the influence of Elon Musk, whose support has shaped Dogecoin’s public profile for years. The billionaire has consistently kept Dogecoin in the mainstream conversation through social media posts, product references, and earlier acknowledgments of Dogecoin-related payments for Tesla merchandise.

As for Dogecoin’s price outlook, many analysts are staying bullish. Predictions and price targets for the meme coin range from $0.75, to $1.30, with some pointing to ranges as high as $10.  

Featured image from Pexels, chart from TradingView

Altcoins Struggle, But Technical Analysis Says A Major Opportunity Is Forming

The latest market conditions have pushed hopes of an altcoin season even further out of reach. Bitcoin continues to dominate the market with a 59.6% share, and its recent struggle to hold bullish momentum has not translated into any meaningful boost for altcoins. 

Broader sentiment has weakened as well, with the CMC Altcoin Season Index registering just 20, which still places the entire market in a Bitcoin-favored phase. Meanwhile, a critical indication has been detected from on-chain data that suggests this may be a rare moment to accumulate strong altcoin positions before conditions eventually turn.

Altcoins Stay Subdued As Market Sentiment Worsens

Altcoin performance has really been lagging behind Bitcoin throughout this year, and the persistent weakness is now being reflected across multiple market indicators. Bitcoin’s dominance has only increased, meaning the capital rotation that typically sparks an altcoin season has yet to begin. 

The wait for an altcoin breakout has now stretched far longer than many anticipated. Even as the Bitcoin price is struggling, traders have not redirected liquidity toward altcoins. The leading cryptocurrency is now down by 28.9% from its October all-time high of $126,080. Instead, altcoins have also stayed muted, and their combined market cap shows no signs of outperforming the leading cryptocurrency. 

Data from CoinMarketCap’s Altcoin Season Index shows the reading is currently at 20. The low reading shows that altcoins are still losing ground relative to Bitcoin. To put this into context, the index was at a reading of 83 this time last year. 

The sentiment is also evident in CoinMarketCap’s Fear and Greed Index, which is now at 22. Readings this low signal hesitation across the market, as investors shy away from taking new positions, and this environment makes an altcoin season much harder to materialize.

CryptoQuant Data Signals A High-Value Accumulation Window

Technical analysis using data from on-chain analytics platform CryptoQuant shows that altcoin traders may be entering another window that has frequently been favorable for accumulation. The data compares the 30-day trading volume of altcoins against their yearly average and finds that current volumes have slipped back below that long-term line. 

Each time this pattern has appeared in past cycles, it marked a period when activity was unusually quiet and traders were hesitant, but it also tended to show up just before the market picked up again.

According to the analysis, this drop in volume can be called a “buying zone,” which is a phase where dollar-cost averaging into selective altcoins has often paid off over time. These low-volume stretches can last for weeks or even months, giving investors enough room to build their positions gradually.

The message from the data is that this calmer part of the cycle may offer one of the better chances to position ahead of the next broader market move.

Featured image from Pexels, chart from TradingView

Ripple CTO Joins Debate On Bitcoin Versus Gold, Says Crypto Cannot Be Replicated

The long-running question about whether another cryptocurrency can truly match what Bitcoin represents has resurfaced, and Ripple’s Chief Technology Officer David Schwartz has stepped forward to offer his opinion. 

His comments were based on an argument claiming that Bitcoin’s properties could be copied by simply recreating its code. This, in turn, was based on comments regarding a debate between Binance founder Changpeng Zhao and Bitcoin critic Peter Schiff.

Inside The Zhao-Schiff Debate On Bitcoin’s Value

During their discussion at the Binance Blockchain Week, Schiff stated that a token backed by gold is grounded in physical utility because the token merely represents ownership of a scarce commodity used by industries across the world. He contrasted this with Bitcoin, which he claimed derives its value from faith and has no practical use. 

Zhao countered by pointing out that even physical gold is difficult to divide or verify without additional processes, noting that he once received a gold bar as a gift but could not break it or confirm its purity without specialized tools. He contrasted this directly with Bitcoin, which can be transferred and verified instantly through the blockchain.

Again, Schiff responded by insisting that Bitcoin remains worthless to him because you can’t do anything with it, while gold carries intrinsic industrial demand. Zhao pushed back by highlighting that Bitcoin’s utility is tied to its transparent network, fixed supply, and verifiable ownership. He argued that unlike gold, whose total global reserves are uncertain, Bitcoin offers perfect clarity about supply and movement. 

The debate eventually escalated into a broader argument over value, with Schiff insisting Bitcoin has only speculative worth, while Zhao maintained that its network and transparency serve as the foundation for its trillion-dollar market capitalization.

“We’ll agree to disagree,” Zhao said.

Comment Raises Question: Can Bitcoin Be Replicated?

Following the debate, a viewer commented that Bitcoin’s uniqueness is overstated because someone could simply replicate it. The comment noted, “How long would it take to replicate Bitcoin? Create a new one, exactly the same. How much would it cost?”

It was this claim, rooted in Schiff’s argument that Bitcoin lacks intrinsic qualities, that led to David Schwartz entering the conversation.

Schwartz responded with a rhetorical question that cuts through the idea entirely. He asked how the new Bitcoin could be new and exactly the same as the original one. He continued, “And how would the existence of replicas of Bitcoin affect Bitcoin?” 

His point echoed Zhao’s argument about verifiability. A replica may copy Bitcoin’s code, but it cannot copy the network of users, miners, institutions, and real-time validation that give Bitcoin its identity. 

The existence of another chain does not dilute Bitcoin’s legitimacy any more than counterfeit gold reduces the value of real gold when proper verification exists. It also goes back to the comment by Changpeng Zhao that Bitcoin can be easily verified in multiple ways, unlike gold.

Featured image from Unsplash, chart from TradingView

Forget Bitcoin, The Uber-Wealthy Are Now Rapidly Buying XRP: CEO

Jake Claver, CEO of Digital Ascension Group, says ultra-wealthy families are rapidly accumulating XRP, and he believes most XRP holders still don’t realize how rare their position is. In a video posted on X, Claver revealed that his firm has been in recent conversations with large family offices that are now making significant allocations into XRP. 

His comments arrive at a moment when XRP’s long-term narrative is witnessing increased interest due to ETFs, and they highlight a shift happening among investors who have always avoided cryptocurrencies altogether.

Wealthy Families Quietly Accumulating XRP

Claver explained that XRP ownership is currently extremely limited relative to the global population, noting that only around 8 million wallets exist on the XRPL. Half of those wallets contain fewer than 100 XRP, which makes existing holders far more uncommon than they may think. He contrasted this with Bitcoin’s widespread ownership, arguing that XRP is still early in its adoption curve.

He said the wealthy families showing interest are not looking for quick profits. According to him, they have already built their fortunes and instead see XRP as a form of insurance. According to his post, these families are buying crypto, not to get richer, but to protect the wealth they already have. 

He described their interest in cryptocurrencies as a hedge. These investors want something uncorrelated in their portfolios ahead of any potential shock in traditional markets.

Claver’s $10K Price Target And The Conditions He Outlined

When asked where he sees the price of XRP going, Claver stated that he believes the cryptocurrency could be trading at $10,000 by late 2026 or early 2027. He tied this prediction to how much ecosystem infrastructure becomes active on the XRPL over the next two years. 

He said the network would need substantial institutional-grade utilities, including XRP treasury systems, Evernorth’s launch, on-chain borrowing mechanisms, and new amendments to the XRP Ledger that will bring in additional compliance layers and smart-contract features.

His projection assumes that rising network volume will require higher liquidity levels and that price stability at four- and five-figure ranges will only be achievable if the ledger is handling large-scale financial flows. He also pointed to ETFs as a major factor in shaping supply and demand, noting that as ETF adoption grows, more XRP will be locked away in long-term institutional products. 

Speaking of ETFs, Spot XRP ETFs are now approaching $1 billion in total net assets and could cross that threshold within the next few days. Since their debut, these funds have taken in about $897.35 million worth of XRP from exchanges and OTC desks, and they have yet to record a single day of outflows

This growing demand ties directly into a quiet change happening among institutions, a trend Ripple’s CEO Brad Garlinghouse recently highlighted. He explained that Ripple is seeing notable activity through Ripple Prime, where long-watching institutions that once stayed out due to regulatory uncertainty or simple risk aversion are finally beginning to step in. 

Featured image from Unsplash, chart from TradingView

Brace For A Bitcoin Price Crash: How Low Does The Next Major Support Level Lie?

A crypto analyst has predicted another devastating Bitcoin price crash that could see the leading cryptocurrency slide back below $85,000. With its weak performance over the past few months and price action showing signs of exhaustion, the analyst has predicted that the next major support level lies more than 33% below all-time highs. 

Analyst Breaks Down Chart Signaling Bitcoin Price Crash 

TradingView crypto expert ‘EliteGoldAnalysis’ has released a fresh chart study on Bitcoin’s next selling move, warning that the cryptocurrency’s downtrend may not be over yet. The analyst’s breakdown highlights a key support level he believes Bitcoin could crash to if its current downward momentum persists. 

EliteGoldAnalysis outlines a price structure on the chart that begins with a weak high, a technical condition that often reflects a liquidity grab before a reversal. The appearance of a weak high near the top of Bitcoin’s most recent rally indicates that buyers may have been swept out before the momentum fully shifted. This pattern is accompanied by a steadily forming lower high, hinting at a developing bearish structure

From his perspective, the analyst explains that a short bias becomes relevant only after a clear confirmation of a bearish trend. Based on the Bitcoin price chart, such confirmation could include a break of minor support beneath the weak high, followed by a retest of that level. EliteGoldAnalysis also noted that a bearish rejection through wick actions or a strong bearish close would strengthen the case for a temporary Bitcoin price crash

While the analyst’s breakdown is just an interpretation of the chart rather than a trading call, Bitcoin’s price structure still hints at a possible retracement amid strengthening sell-side pressure

How Low Bitcoin Price Could Decline 

In his TradingView chart, EliteGoldAnalysis outlined critical zones that could dictate Bitcoin’s next bearish moves. The first region to watch is the potential “target level” marked in the purple zone above $85,000. The analyst views this level as a demand or imbalance area. Should Bitcoin reach and hold this target, it may act as the first checkpoint before the market decides whether to correct downwards or push higher. 

Just beneath the $85,000 region lies a “strong support level” highlighted in blue at $84,000 on the chart. EliteGoldAnalysis predicts that Bitcoin could decline to as low as this $84,000 support area. The analyst suggests that this level is the final retracement target, potentially representing a significant liquidity pool that could attract buyers if the price declines. 

A decisive drop toward this level would reflect a more than 6% decline from current levels above $89,000. Such a move would also mark the completion of the downside move implied by the chart structure. Over the past 24 hours, the price of Bitcoin has fallen roughly 3%, meaning a crash to $84,000 would further prolong the ongoing downtrend.  

Featured image from Unsplash, chart from TradingView

Analyst Says Dogecoin Price Is Ready To Fly, Here’s Why

Dogecoin has been bleeding lower in recent days, grinding back toward the mid-$0.13 band. Sellers have been in control of most candles in the past 24 hours, and each attempt at a rebound has faded quickly, leaving Dogecoin stuck near the bottom of a range.

One crypto analyst on X has focused attention on an important technical level on the 2-day chart. Even though price action looks weak, Dogecoin is now sitting right on a long-term support zone inside a descending triangle pattern, and this area could become the launchpad for a strong upside move if buyers react from here. The chart shared with the analysis highlights exactly where Dogecoin is resting and why this region matters.

Dogecoin Sitting On Major Descending Triangle

Technical analysis of Dogecoin’s price action on the 2-day candlestick timeframe chart shows the meme coin has been trading in a clear descending triangle since December 2024. A downward-sloping trendline has capped every rally this year, leading to the creation of a series of lower highs that reflect persistent selling pressure throughout the year. At the same time, a horizontal support zone underneath in the mid-$0.135 to $0.14 region has caught multiple drops and prevented a deeper breakdown.

Right now, Dogecoin is pressing that lower border again. The candles on the 2-day chart cluster just above the dashed support band, and the analyst, who goes by Butterfly on X, circled this cluster in green to show how closely the price is hugging the level. 

Dogecoin

Each prior visit to this zone has produced at least a temporary bounce, which is why the current test is notable. The price action is tightening, and there is less room left for sideways movement before a decisive break happens.

Dogecoin Is “Ready To Fly”

In the post on X, the analyst notes that this support has been “respected multiple times” and that bulls are “getting ready to step in.” The most important thing is for the lower support to hold again, and the descending triangle may flip from a slow grind lower into a springboard for a strong reaction.

A firm defense of this zone would mean that sellers are running out of momentum at these prices. From there, even a modest wave of buying could drive Dogecoin back toward the descending resistance line that cuts across the chart from the $0.25 to $0.26 area. A break and close above that trendline would mark the first clean higher high in months and would confirm that the triangle has resolved to the upside.

The analyst’s green arrow on the chart sketches out this potential path. The path shows Dogecoin lifting from the current support band, breaking above resistance, and reaching as high as $0.4 in one swift move.

Dogecoin

Ripple Announces Groundbreaking “One-Stop Shop” For Everything, Here’s What It Is

Crypto firm Ripple recently announced its mission to be the one-stop shop for crypto infrastructure. This came as the firm highlighted the acquisitions it made this year in a bid to achieve this mission. 

Ripple Unveils One-Stop Shop For Digital Asset Infrastructure 

In a blog post, Ripple touted itself as the one-stop for crypto infrastructure. The firm noted that it had invested almost $4 billion into the crypto ecosystem through strategic investments and acquisitions. It added that 2025 marked its most ambitious year yet with four major acquisitions pointing toward one mission of being the one-stop infrastructure provider for moving value the way information moves today. 

Ripple stated that some acquisitions will plug directly into Ripple payments to give its customers a unified, seamless operating environment with even more capabilities and currencies. Meanwhile, others will operate independently while benefiting from shared infrastructure. The firm noted that together, these companies will bring it closer to owning the full financial plumbing behind global value movement. 

Furthermore, the company noted that businesses are operating in real time, but their financial infrastructure still isn’t. The firm believes that its unified offering gives companies the ability to bring their money management and movement up to the expectations of the digital world. It then went on to highlight how its newest acquisitions are critical to powering this change. 

Highlighting The Role Of Its Latest Acquisitions 

The firm stated that its now-closed acquisition of GTreasury marks a significant expansion into the multi-trillion-dollar corporate finance arena, a market that it noted many predict will lead the next phase of crypto adoption. The firm further remarked that through access to the global repo market via Ripple Prime and Ripple Payments’ real-time cross-border rails, corporate treasury teams can unlock idle capital, move money instantly, and open up new growth opportunities. 

Ripple then highlighted its $200 million acquisition of Rail, which it stated will make the firm’s Payments the market’s most comprehensive end-to-end stablecoin payments solution. The firm said that it is compliantly connecting the best of fiat and crypto assets so that businesses can move money faster, save costs, and build to grow. 

Ripple stated that its acquisition of Palisade broadens the range of customer use cases for custody, which is one of its central product strategies. It noted that Palisade’s “wallet-as-a-service” technology extends the company’s Custody’s inherent appeal to banks and financial institutions that carry out high-frequency transactions. 

Lastly, the payment firm highlighted its acquisition of Hidden Road, which is now Ripple Prime. It stated that this completes the liquidity and execution layer of its one-stop shop vision. The Prime offers institutional-grade prime brokerage, clearing, and financing. This enables clients to execute OTC spot trades for major crypto assets, including XRP and RLUSD. While Palisade custodies assets and Rail moves them, Ripple noted that its brokerage business ensures that they can be traded efficiently, financed responsibly, and accessed through regulated channels.

Ripple

Industry Leader Shares Why Ethereum Price Will Reach $12,000

Industry leader Tom Lee has shared how the Ethereum price could reach $12,000 within the next few months. He based his prediction on the Bitcoin price action and how ETH could match the flagship crypto on a potential run to the upside. 

Tom Lee Explains How The Ethereum Price Could Rally To $12,000

Speaking at the Binance Blockchain Week, Tom Lee predicted that the Ethereum price could reach $12,000 as Bitcoin rallies to $250,000 within the next few months. He explained that ETH can reach the $12,000 target if the ETH/BTC ratio returns to its eight-year average of 0.0479. Lee described this potential rally to $12,000 as a “huge move.”

Tom Lee further predicted that the Ethereum price could reach $22,000 if the ETH/BTC ratio gets to its 2021 high of 0.0873. He added that he believes Ethereum will become the future of finance and the payment rails. As such, Lee predicted that the ETH/BTC ratio could reach 0.2500, sparking an Ethereum rally to as high as $62,500. In line with this, the expert declared that ETH at $3,000 is “grossly undervalued.”

Ethereum

Tom Lee also remarked that the bigger the base, the bigger the breakout for the Ethereum price. He noted that ETH spent years building a similar base to its current price action before the move from $90 to its previous all-time high (ATH) of $4,866. The expert added that if the pattern plays out again, the next leg could be larger than what people expect. 

It is worth noting that Tom Lee is the chairman of BitMine, which is the largest Ethereum treasury company. According to Strategic ETH Reserve data, the company currently holds 3.73 million ETH, which is just over 3% of the altcoin’s total supply. Lee remains bullish on the Ethereum price, despite his company holding an unrealized loss of $3.3 billion of their ETH investment. 

A Rally To $62,000 Is “Ambitious”

Market commentator Milk Road described Tom Lee’s Ethereum price prediction of $62,000 in a few months as being ambitious. The platform stated that an ETH/BTC ratio of 0.25 has never happened. The highest it has ever gone is 0.15, and that was during the 2017 supercycle, which makes it less likely now, given that market conditions have changed. 

Tom Lee had based his Ethereum prediction on Bitcoin hitting $250,000, which Milk Road also described as an issue. The market commentator noted that BTC would need to surge 177% from current prices to reach this target. The last time this happened was in 2020 when it surged from $7,000 to $19,000 during the “peak mania.” Notably, BTC didn’t record a 100% gain even when the Bitcoin ETFs launched last year. 

At the time of writing, the Ethereum price is trading at around $3,000, down over 4% in the last 24 hours, according to data from CoinMarketCap.

Ethereum

Pundit Predicts That XRP Is About To Make Investors Extremely Rich

A crypto analyst has made an unexpected declaration, predicting that XRP investors could become extremely rich in just a few months. This bold claim comes with a new technical analysis, suggesting that XRP is now entering a pivotal price area that previously triggered explosive rallies. Despite the cryptocurrency’s low price and recent downtrend, the analyst remains confident that XRP could mirror past trends and skyrocket to new highs.

XRP To Make Holders Wealthy In 3 Months?

In a recent X post, popular market analyst ‘Steph Is Crypto’ issued a dramatic warning to XRP holders, announcing that investors will become extremely rich within the next three months. The analyst’s bold prediction elicited mixed reactions from the XRP community, with some expressing optimism and others skepticism. 

Steph Is Crypto shared a price chart with colored bands to support his ambitious claims, tracking XRP’s performance through multiple past bull cycles. The chart highlights a recurring pattern in which XRP enters a higher-colored zone during periods often associated with altcoin strength. In previous cycles, those moments were followed by unexpected, explosive upward price moves

During the bull cycle in 2018, XRP skyrocketed by 100x, pushing its price up towards its current all-time high of $3.84. A similar uptrend occurred again during the 2020 to 2022 cycle, with XRP entering a prolonged bull phase that saw its price rally by 20x. According to Steph Is Crypto, the current chart setup appears similar to these past bullish phases. 

His chart analysis suggests that XRP is once again approaching the same colored region that previously marked the start of strong price rallies. While the scale of the projected acceleration this time may differ from the peaks seen in the last two cycles, Steph Is Crypto remains confident that it will still be substantial enough to make holders significantly wealthy by March 2026.

XRP Maintains Bullish Monthly SuperTrend

Crypto market analyst ChartNerd has released a fresh technical analysis of XRP, suggesting that the cryptocurrency continues to show strong positive signals. According to him, XRP’s monthly SuperTrend remains firmly bullish. He emphasized that maintaining a price above the green SuperTrend line near $1.30 signals a long-term upward trajectory, with no red trends currently indicating the onset of a bear market. 

ChartNerd shared a chart with a SuperTrend overlay where green lines represent bullish conditions and red lines highlight previous bear markets. The current monthly candles for XRP remain well above the green zone, reinforcing the belief that broader market conditions favor an upside. The analyst interprets this as confirmation that XRP’s long-term price trend is still predominantly bullish. 

Historical data on the chart also indicate that past declines in XRP coincided with prolonged red SuperTrend phases. This happened before the big 2017 and 2020 breakout, with each recovery triggered once the price moved back above the green SuperTrend line. 

Featured image from Unsplash, chart from TradingView

Top Dogecoin Wallets Begin Rapid Accumulation As Price Struggles, Is A Surge Coming?

Dogecoin has spent the past few days rebounding after a downturn to the mid-$0.13s, and its on-chain activity is beginning to tell an interesting bullish story. Data from Santiment shows a quiet accumulation trend of hundreds of millions of DOGE tokens taking place among some of the asset’s larger holders, even as the price continues to struggle for momentum. 

This change in wallet behavior is unfolding at a time when Dogecoin’s recent performance offers very little excitement for bullish traders, making the quiet accumulation all the more notable.

Dogecoin Whales Accumulation: What the Numbers Show

The data from Santiment highlights a quick climb in holdings among Dogecoin addresses holding between 1 million DOGE to 100 million DOGE tokens. Particularly, the data shows that the collective holding of this cohort has grown from 27.79 billion on December 3 to 28.34 billion DOGE at the time of writing. That equates to an increase of about 550 million DOGE in roughly 48 hours, a meaningful inflow even for a large-cap crypto like Dogecoin.

This trend shows that these mid-size and large holders view current prices as favorable entry points. Broad accumulation by this “whale tier” often precedes consolidation phases or, in some cases, precedes upward moves, especially if retail sentiment is weak and fewer coins are being sold into the market.

Dogecoin

Interestingly, this accumulation, which kicked off after Dogecoin fell to the mid-$0.13 range on December 3, contributed to a rebound at this level that contributed to the meme coin reaching an intraday high of $0.1504 in the past 24 hours. 

Is A Surge Coming For Dogecoin?

Accumulation by larger wallets can reshape market conditions in subtle but meaningful ways. First, it reduces the circulating supply available to typical retail traders, which can tighten availability and potentially support price stability or upward pressure. Second, it reflects conviction. Large holders are showing confidence in DOGE’s long-term value, even when price action is not yet bullish. 

Furthermore, this recent buying represents the first clear shift in sentiment among whale cohor

s after weeks of steady distribution. Santiment’s data shows that these wallets had been decreasing their balances since mid-October, and the trend coincided with a drop in large transactions that pushed activity to a two-month low.

While accumulation may set the stage for a rally, there are still structural challenges that Dogecoin must face. Technical analysis suggests that $0.138 is a critical level for confirming whether a firm bottom has formed. Sustained trading above that zone in the coming weeks would strengthen the case that the worst of the downturn is over.

At the same time, crypto analyst Bitcoinsensus outlined a possible upside target in the $0.70 to $0.75 region as the peak of the current cycle. This price target aligns with other technical projections for the meme coin.

Dogecoin

Binance Founder Crushes Bitcoin Critic In Game-Changing BTC Vs. Gold Debate

The Binance Blockchain Week event in Dubai became the center of a high-stakes showdown between traditional and digital innovation, with Bitcoin and gold going head-to-head. Investors, tech enthusiasts, and financial experts watched closely as Binance founder Changpeng Zhao expertly debated renowned Bitcoin critic Peter Schiff, making a compelling argument for why Bitcoin is better than gold. 

Binance Founder Dominates Bitcoin And Gold Debate

During the Binance Blockchain Week in Dubai, Schiff and CZ faced off in a high-profile debate over the value of Bitcoin versus Gold. Schiff defended gold as a safe, stable, and tangible asset while the Binance founder made a compelling case for Bitcoin’s adoption, utility, value, and global reach. 

Throughout the debate, which lasted over an hour, CZ consistently demonstrated the practical advantages of Bitcoin, leaving Schiff’s gold argument largely on the defensive. The Binance founder emphasized Bitcoin’s transparent and predictable supply and its role in the modern financial systems. He pointed to hundreds of millions of users who rely on Bitcoin for payments, savings, and transfers. 

Schiff argued that Bitcoin lacks inherent value and is mainly driven by hype and faith that its price will rise. He stated that gold remains tangible, centuries old, scarce, and valuable in industry, making it superior to BTC. He further asserted that “nobody needs” Bitcoin and that the cryptocurrency is “backed by nothing.”

Practical demonstrations played a key role in the debate between Schiff and CZ. The Binance founder explained how Bitcoin and crypto payments already improve financial efficiency, especially in emerging markets. Schiff questioned whether these transactions truly count as money, since merchants ultimately receive traditional currency. CZ’s response highlighted the importance of adoption and network effects, noting that people who use BTC directly for payments give it real-world significance.

The debate also considered the preferences of younger generations. CZ asked Schiff whether millennials and Gen Z favoured Bitcoin or gold. The Bitcoin critic responded sharply, suggesting that they would choose gold. He pointed out that, with many young investors losing money on BTC, gold offers a safer, more appealing alternative. The Binance founder countered that younger people understand digital value more intuitively and prefer mobile, borderless, and censorship-resistant assets. 

Digital Value And The Future Of Money

The debate between CZ and Schiff also highlighted the changing definition of money. Bitcoin functions as a decentralized network that enables instant settlement and transparent verification. Its adoption has also helped evolve the financial economy, facilitating faster and more seamless cross-border payments. Schiff argued that gold’s scarcity and industrial demand preserve its value and make it a reliable hedge against economic uncertainty. 

Tokenization also became a point of agreement during the discussion, with Schiff emphasizing that gold can be digitized and tokenized for easier ownership and distribution without moving the physical metal. CZ contended that Bitcoin offers similar advantages while also enabling global financial inclusion. They also discussed the supply of both assets, with the Binance founder noting that Bitcoin has a visible supply, while gold doesn’t. 

They also talked about the performance of both assets over the years. Schiff argued that gold had outperformed BTC over the past four years. CZ contended that Bitcoin has far outpaced gold over the last 8 years, and since its launch in 2009, it has skyrocketed from a few cents to an ATH above $126,000. He concluded his debate, predicting that Bitcoin’s growth will outpace gold over time.

Bitcoin

XRP ETFs Are About To Hit $1 Billion – Here’s How Much Is Flowing In Daily

XRP ETFs are on the verge of hitting a significant milestone, with total Assets Under Management (AUM) approaching the $1 billion milestone. Since the launch of its ETF last month, hundreds of millions of dollars have been flowing in daily, making XRP the most successful new ETF entrant of 2025. 

XRP ETFs Close In On $1 Billion

XRP ETFs have continued to experience skyrocketing growth and institutional demand, now rapidly closing in on the $1 billion inflow milestone. Over the past two weeks, all five XRP ETFs have recorded over $984.54 million in cumulative net inflows, just $15.46 million away from $1 billion. This explosive, accelerated growth has effectively solidified XRP’s position as the third-largest crypto ETF, behind Bitcoin and Ethereum.

Data from Sosovalue reports 15 consecutive days of positive flow, with the XRP ETF recording its highest single-day inflow on November 14 at $243.05 million. Over the last two weeks, all five XRP ETFs, including REX-Osprey, have seen notable inflows, reflecting growing institutional interest and demand. 

XRP

According to crypto enthusiast @NADZOE93 on X, XRP has become the third cryptocurrency ever to surpass the $800 million ETF inflow threshold. She noted that while Spot Bitcoin ETFs reached this cap in just two days after their launch, Ethereum ETFs took 95 days. This officially positions XRP as the second-fastest crypto to hit the $800 million inflow mark. 

Notably, strong inflows in the XRP ETF began on November 13 with the launch of Canary Capitals XRPC. A week later, Bitwise introduced its own XRP ETF, followed shortly by Grayscale and Franklin Templeton debuting their funds. Since then, investments have continued to pour in, with $26.17 million flowing in just yesterday alone, bringing the total to $887.12 million after 15 days of positive flow. 

Crypto market analyst Neil Tolbert shared additional insights on the XRP ETF performance on X this week. He noted that five spot XRP ETFs are currently trading, with a combined $995 million in Assets Under Management. Canary Capital’s XRPC stands at the top of the market with $358.88 million, followed by Grayscale’s GXRP with $211.07 million, Bitwise’s ETF at $184.87 million, Franklin Templeton’s XRPZ at $132.3 million, and REX-Osprey at $108 million. 

Tolbert has stated that more ETFs are reportedly in the pipeline, with institutional demand set to grow as traditional finance takes notice of XRP. With the race to a $1 billion inflow milestone heating up, XRP ETFs have already surpassed those of Solana and Dogecoin

Institutions Accumulate Over 400 Million XRP Through ETFs

Institutional demand for XRP is reaching new heights as data from ETF tracker XRP Insights show that a whopping 425.76 million tokens have been officially locked. This surge in accumulation comes as the five currently launched XRP ETFs collectively reach $984.54 million in AUM.

This large amount of XRP held in ETFs shows how quickly institutions are adopting, as investors increasingly seek regulated, transparent ways to gain exposure to cryptocurrencies. Analysts have also warned that if ETFs continue to absorb XRP at such a rapid pace, it could trigger a supply shock as the number of tokens in circulation declines.

XRP

The $13.5 Billion Liquidity Injection That Could Send Bitcoin And Crypto Prices Flying

Bitcoin has been struggling to build momentum in recent weeks, and the return of cash into the system is raising questions about whether this could be the moment that changes the tone of the crypto market. That growing sense of anticipation has already started to show up in prices, with the total crypto market cap climbing more than $250 billion from its $3.016 trillion low on December 2.

What Happened: The Liquidity Injection And Why It Matters

After officially bringing its multi-year quantitative tightening (QT) program to an end, the central bank followed up with a $13.5 billion overnight repo operation, funneled through the New York Fed. Banks brought $13.5 billion in Treasuries to the Fed, the Fed accepted all of it, and instantly injected $13.5 billion of fresh reserves into the system.

The move, which is the second-largest liquidity injection since the COVID-19 crisis, effectively puts an end the steady shrinkage of bank reserves that has persisted for years, easing pressure on short-term funding markets and signaling a more accommodative liquidity environment.

The crypto market responded almost instantly. A handful of major assets began turning green within hours of the injection, with Bitcoin leading the charge with an instant break above $92,000.

The influx was visible at a macro level as well: the total crypto market cap climbed from a December 2 low of $3.016 trillion to $3.269 trillion by December 4. A gain of more than $250 billion in under 48 hours

What Investors Should Watch Next

Ending QT leads to better liquidity and often create a bullish environment for equities and other riskier investments like cryptocurrencies. However, although a single liquidity event does not guarantee a sustained multi-month rally, this injection stands out not just for its size but for what it represents. 

Related Reading: 4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned

In a CNBC interview, Fundstrat’s Tom Lee stated that the Fed’s decision to stop QT will be a turning point for the cryptocurrency market. Lee pointed out that the last time the Fed ended QT, the market rose about 17% within three weeks.

The previous time the Fed brought quantitative tightening to a stop was in July 2019, roughly a year after it began reducing its balance sheet. In the three weeks that followed, the S&P 500 climbed about 5%. Bitcoin’s also initially rallied in the same period, but its strongest reaction came months after, towards late 2019 and early 2020.

Bitcoin

If You’re A PEPE Investor, You Need To See This Or Risk Losing Your Coins

PEPE investors are at risk of losing their coins following a recent security incident. On-chain security firm Blockaid drew attention to a front-end attack on the meme coin’s website that could potentially drain users’ funds. 

PEPE Investors At Risk With Website Front-End Attack

In an X post, Blockaid stated that its system identified a front-end attack on PEPE’s website. The security firm further revealed that the site contains a code of Inferno Drainer. This malware is known to be used to automatically drain users’ wallets, which puts holders at risk of losing their coins. 

The Inferno Drainer malware is said to redirect visitors on the website to a fake portal, where they risk clicking phishing links that are designed to drain their wallets. As such, the security firm advised investors and community members to avoid the website until the issue is resolved. 

PEPE

Blockaid’s Threat Intelligence Team also told Cointelegraph that the Inferno Drainer code detected on the website matched a known drainer family they regularly identify. Meanwhile, the team has yet to make a statement on their official X platform regarding the malware. 

Notably, the website on the PEPE X platform redirects to a fake website (pepedotvip) instead of the original site (pepedotcom). The website also promotes a PEPE derivative, which is believed to be a rug coin. The price remained steady amid reports of the hack, climbing as high as 4% yesterday. 

However, the meme coin price has since retraced as part of a broader crypto market correction led by Bitcoin. The third-largest meme coin by market cap is also down over 75% year-to-date (YTD) thanks to the recent crypto market crash

The Rise In Inferno Drainer Attacks

The PEPE front-end isn’t the first to fall victim to an Inferno Drainer attack this year. Earlier in the year, Blockaid had identified that CoinMarketCap’s frontend was compromised by what appeared to be an Inferno Drainer. Back then, the CoinMarketCap website displayed a pop-up prompting users to verify their wallets, which ultimately drained their funds. 

The BNB Chain X account was also a victim of this Inferno Drainer in October. The hackers posted links that directed users to websites that employed the Inferno Drainer toolkit. This incident resulted in a total loss of around $8,000 for users, which the BNB Chain promised to reimburse. 

Blockaid last year revealed that the Inferno Drainer group stole $80 million from Web3 users by exploiting older, malicious decentralized applications. This kind of scam is also said to have tripled last year, resulting in significant losses for investors. 

At the time of writing, the meme coin price is trading at around $0.000004697, down over 3% in the last 24 hours, according to data from CoinMarketCap.

PEPE

XRP Price On The Verge Of Another Crash, But There’s Still Hope

Crypto analyst CryptoInsight has indicated that the XRP price is on the verge of another crash, with a potential drop below the psychological $2 level. The analyst also revealed the level that the altcoin needs to reclaim to invalidate this bearish outlook. 

XRP Price Risks Crash To Another Low

In an X post, CryptoInsight suggested that the XRP price could crash to a new low. This came as the analyst noted that on the lower time frame, the altcoin has made a higher low after bouncing from range lows. However, it has yet to make a higher high, which provides a bearish outlook. 

The analyst further remarked that until the XRP price makes a higher high, there is likely to be more chop while questioning the possibility of another low revisit. He indicated that XRP will need to break the descending triangle and through the $2.30 level before a reversal can be on the cards. 

XRP

However, CryptoInsight is still bullish on the XRP price in the long term. He noted that the higher-time-frame structure is still well and truly intact. The analyst added that the altcoin is holding the yearly range lows as support, which is also the previous 7-year resistance. In line with this, he declared that it is inevitable that XRP records a new all-time high (ATH) in the near future based on liquidity alone. 

Meanwhile, the analyst remarked that he is uncertain whether the XRP price will wick out to the bottom first to regain momentum. Overall, he remains bullish on XRP. Crypto analyst CasiTrades had stated that XRP might need to record one last low before it reverses and rallies to new highs. She highlighted $1.80 and $1.64 as areas that XRP could bottom at. 

XRP Likely To Retest $2.04 With Two Likely Scenarios

In her latest X post, CasiTrades stated that the XRP price is likely heading to retest the macro .5 Fib at $2.04. She noted that this level has been the most important one in the entire correction. Based on this, she outlined two scenarios that could play out if the altcoin drops to that level. The analyst described the first scenario as the bullish new trend. 

Under this scenario, if $2.04 holds as support, the XRP price could break above the $2.41 resistance and push toward $2.65, confirming a new bullish wave structure is forming. CasiTrades remarked that this potential move would strongly suggest that the macro low is already in, with the altcoin eyeing new highs between $7 and $10. 

Meanwhile, the second scenario is a bearish .618 support test. If the XRP price fails to hold $2.04, CasiTrades predicts that it would likely head toward $1.64, completing the full macro .618 retracement before launching into the macro Wave 3. 

At the time of writing, the XRP price is trading at around $2.08, down over 4% in the last 24 hours, according to data from CoinMarketCap.

XRP

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