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Expert Predicts XRP Price Can Reach $280, Here’s When
Crypto expert Dark Defender predicted that the XRP price could rally to $280, providing a bullish outlook for the crypto. The expert alluded to XRP’s historical performance as to why the coin could reach such an ambitious price target. Crypto Expert Predicts XRP Price Rally To $280 In an X post , Dark Defender predicted an XRP price rally to $280 as he raised the possibility of the crypto replicating its 2017 bull run performance. In 2017, XRP witnessed a price rally of over 60,000% on its way to its current all-time high (ATH) at around $3.3. The expert’s accompanying chart showed that XRP could reach this $280 target between 2026 and 2027, although the parabolic rally could begin this year as the crypto looks to replicate its 2017 performance. Interestingly, crypto analyst Egrag Crypto had also made a similar prediction to Dark Defender. The analyst predicted that XRP could rally to $222 if history repeats itself, alluding to the 2017 bull run. Coffee-Cup Pattern Shows Rally To $44 Is Possible In an earlier post, Dark Defender made a more conservative prediction of an XRP price rally to $44 based on a ‘Coffee Cup’ pattern. He explained that this market pattern is a U-shaped formation on a price chart, indicating a potential bullish trend reversal after a downtrend. This pattern typically takes weeks to months to develop fully. The expert stated that he has paired this pattern with the Elliot Waves, which has given a better picture of XRP’s future trajectory. He remarked that wave 3 is charging toward $5.85 and $18.22. Wave 5 is eyeing $36, while the cup’s depth plus Coffee level is brewing up for a rally to as high as $44.22. XRP Is Testing Critical Resistance In an X post, crypto analyst CasiTrades stated that the XRP price is testing critical resistance at around $2.54 and is currently sitting just below the trendline of a consolidation pattern. She further remarked that if the crypto breaks and holds above this $2.54 price level, the next targets are still $2.70 and $3.05. The analyst had previously highlighted those price levels as the upside targets when she warned that XRP could drop to as low as $1.5 if it fails to hold above $2.42. Meanwhile, in her recent analysis, CasiTrades remarked that she is still leaning towards the idea that the crypto is still in the early stages of Wave 3. The analyst added that it is just not obvious yet, but once XRP breaks previous highs, the crypto could rally to $9.50 for the official Wave 3 extension. She noted that this aligns with the macro $8 to $13 price target. Crypto analyst Ali Martinez predicted that the XRP price could soon rally to $5. He stated that if XRP avoids closing below the head-and-shoulders neckline and breaks above the right shoulder instead, it could invalidate the bearish pattern. He added that this move might trigger a bullish breakout toward $5. The post Expert Predicts XRP Price Can Reach $280, Here’s When appeared first on CoinGape .

2025-03-09 12:50
Shiba Inu Price Battles Key Support: Will SHIB Rebound or Decline Further?
Shiba Inu (SHIB) price has been struggling near key support after recent market corrections. The token has been trading below a critical level, reflecting ongoing volatility. SHIB dropped from its December peak of $0.0000329 and remains in a downward trend. Analysts predict a possible rebound, but market conditions suggest uncertainty about its next direction. Shiba Inu Price Analysis: What’s Next for SHIB in the Market? Shiba Inu price dropped sharply as the broader meme coin market faced losses. After a strong start to March, assets like Dogecoin and SHIB saw a downturn. This decline pushed Shiba Inu lower in market rankings, reflecting the overall weakness in the crypto sector. Meme coins, including Dogecoin, WIF, PENGU, BONK, and PEPE, have recorded notable price decreases. The trend follows the broader market correction affecting digital assets. Shiba Inu’s price movement has been in line with this sentiment, signaling uncertainty among traders. Despite the slump, three potential catalysts could boost SHIB’s price. The most significant factor is its rising burn rate. On March 8, the daily burn rate surged by 3,250% to 29 million tokens. Since its inception, over 410 trillion SHIB tokens have been removed from circulation, reducing supply to 584 trillion. Analyst Predicts Shiba Inu Breakout With 422% Surge Crypto analyst reports indicate that the SHIB price may have broken out of a Falling Wedge pattern. The breakout suggests a potential price surge, with projections hinting at a significant increase. Analysts highlight that if momentum sustains, the asset could experience a rise exceeding 422%, targeting $0.00008841. Market sentiment around Shiba Inu remains strong, with traders monitoring technical signals. The meme-based asset has drawn attention amid discussions about its bullish trajectory. SHIB Price Dips; Key Levels To Watch As of 9th March, the SHIB price is trading at $0.00001254, reflecting a 0.40% decline over the past 24- hours. The price remains within a narrow range as bearish sentiment persists. Key support is holding near $0.00001, while resistance sits around $0.000015. SHIB has struggled to break past these levels, signaling weakened momentum. The MACD indicator shows a negative trend, with the MACD line hovering below the signal line. The histogram reveals growing red bars, indicating selling pressure. If the MACD line fails to cross above the signal line, downward movement may continue. The RSI stands at 33, moving closer to the oversold zone. This suggests weak buying momentum. Shiba Inu price prediction remains confined to a tight price channel, failing to establish a strong upward trend. The recent drop signals continued weakness, with buyers hesitant to step in. A breakout above $0.000015 may shift momentum toward bullish territory, while a fall below $0.00001 could extend losses. A sustained move above $0.000015 could open doors for bullish to target $0.000018 and $0.00002 resistance levels. Source: TradingView To sum up, the Shiba Inu price remains under pressure, struggling to hold key support. Analysts observe mixed signals, with traders closely watching technical indicators. The market’s next move will determine if SHIB rebounds or continues its decline. The post Shiba Inu Price Battles Key Support: Will SHIB Rebound or Decline Further? appeared first on CoinGape .

2025-03-09 09:04
Crypto Market This Week: US Forges Ahead With Pro-Crypto Movers, Major Coins Still Volatile
The crypto market concludes another week with unprecedented developments sparking investor enthusiasm. A strategic Bitcoin reserve was announced in the U.S., whilst a crypto stockpile and summit followed. Simultaneously, despite the optimistic developments, BTC and major-league altcoins continued encountering market volatility. Mentioned below are some of the most buzzworthy market updates reported by CoinGape over the past week. Crypto Market This Week Sees US Bitcoin Reserve & Crypto Stockpile U.S. President Donald Trump announced a strategic Bitcoin reserve for America this week. This reserve is expected to encompass roughly 200,000 Bitcoins, which are currently held by the government through the cessation of funds involved in criminal and illicit activities. Intriguingly, Scott Bessent and Howard Lutnick have been appointed officials who will focus on potential resources to help the reserve acquire more BTC ahead. Trump revealed that these BTC coins are also not to be sold ahead, offering the reserve more value. Further, the nation expects to see a ‘crypto stockpile’ comprised of assets like Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP ahead, per Trump’s announcement. The main difference between the two sagas is that while the government will put efforts into acquiring more BTC, no active efforts for upsizing the crypto stockpile are to be made. Altogether, these were the major pro-crypto advancements in the U.S. this week. Crypto Summit: What’s The Scoop? Simultaneously, the cryptocurrency market saw a White House crypto summit this week, which was hosted by President Donald Trump and Crypto Czar David Sacks. Notably, Trump showcased strong efforts to end “Operation Chokepoint 2.0,” which has been putting regulatory pressure on banks, leading them to close accounts of crypto businesses. Further, the 47th U.S. President continued reflecting strong support for cryptocurrencies, hinting that the government’s stance is primed to be more favorable for digital assets ahead. Overall, the Bitcoin reserve announcement, crypto summit, and a crypto stockpile launch ahead have sparked noteworthy market optimism. Bitcoin & Altcoins Still Volatile However, despite the broader developments this week, BTC and major league altcoins face crypto market turbulence. BTC price closed the week near $86K after riding a rollercoaster in the past seven days. ETH price lost nearly 2% and closed the week near $2,200. XRP price also faced turbulence and exchanged hands at $2.32 as the week closed, up by only 3% in 7 days. Lastly, SOL price lost 3.5% weekly and rested at $138, in line with the broader market trend. The post Crypto Market This Week: US Forges Ahead With Pro-Crypto Movers, Major Coins Still Volatile appeared first on CoinGape .

2025-03-09 07:36
Crypto Market Awaits US CPI; What’s Next For Bitcoin Price?
The crypto market is expected to experience high volatility as the crucial US CPI and PPI data are scheduled for this week. If the inflation rates come in higher than expected, it may trigger a sharp downturn in the crypto market, potentially sending Bitcoin’s price to significant lows. Notably, the timing of these reports is crucial, as they precede the Federal Reserve’s meeting on March 18-19, influencing the central bank’s decision on interest rates. Let’s examine how the upcoming reports will shape the Fed’s decision and the potential fallout for the crypto market. Crypto Market Braces for Impact: US CPI Report Looms Significantly, the US CPI and PPI reports are slated for release this week, with the CPI report arriving on March 12 and the PPI report following on March 13. This has sparked anxiety among crypto traders and enthusiasts as these macroeconomic indicators could possibly evoke high market volatility. According to a Reuters poll, the US CPI for February is expected to have climbed 0.3%. Wall Street expects that the CPI data will come at 2.9%. If the data showcases a surge in the inflation rate, a crypto market downfall could follow. Bryant VanCronkhite, the senior portfolio manager at Allspring Global Investments, stated, A hot CPI print will likely scare the market. The market still wants the Fed to come to the rescue… Until inflation and inflation expectations come down, the Fed is handcuffed. How Will CPI & PPI Data Impact Fed Rate Cut? Interestingly, the Federal Reserve’s meeting comes following the US CPI and PPI data release. These reports could have a significant impact on the central bank’s decision on the interest rate as well as the crypto market. The Fed is likely to maintain its benchmark interest rate at 4.25%-4.5% during the upcoming meeting, according to CME FedWatchtool Data . But, market expectations suggest further easing is on the horizon, with around 70 basis points of cuts anticipated by December, as indicated by Fed funds futures data from LSEG. If the PPI and CPI reports reveal a hot inflation rate, the Fed may opt to keep interest rates unchanged or even consider a hike. Recently, Fed Chair Jerome Powell has expressed a hawkish stance on interest rate cuts. Powell stated, Our policy stance is now less restrictive than it had been, and the economy remains strong. We do not need to be in a hurry to adjust our policy stance. Will Bitcoin Price Explode or Correct? In February, following the US CPI data release, the crypto market experienced a severe selloff. This led to the market’s massive fall of 3.3% to $3.1 trillion. As the CPI data marked a higher-than-expected inflation rate, Bitcoin plummeted to $94,000, down 3%. Considering this, the crypto market is expected to face another downturn next week. In addition, Bitcoin ETFs marked significant outflows, recording a total of $409 million. 21Shares’ ARKB experienced the largest outflow of $160 million, followed by Fidelity’s FBTC with $154.9 million outflows. However, analyst Crypto Caesar identifies the bearish sentiment as the last bear trap before entering the bull market. Source: Crypto Caesar, X Meanwhile, analyst Ali Martinez revealed that 63.13% of traders on Binance Futures have opened long positions on Bitcoin. This implies that the traders are optimistic about the Bitcoin price’s bullish ascendance in the future. The post Crypto Market Awaits US CPI; What’s Next For Bitcoin Price? appeared first on CoinGape .

2025-03-09 04:30
Gemini Cofounder Reveals How Much David Sacks Will Lose In Crypto Gains In Four Years
Controversy has trailed the announcement of a Crypto Strategic Reserve with critics taking swipes at crypto czar David Sacks over allegations of unjust enrichment. Gemini cofounder Cameron Winklevoss has waded in to defend Sacks, noting that the crypto czar is losing a fortune in gains by preventing a conflict of interest. Gemini Founder Says Sacks Could Lose Up To $1 Billion In Crypto Gains Amid swirling speculations of unjust enrichment, Sacks confirmed the sale of all his cryptocurrency holdings to avoid a conflict of interest. Gemini Founder Cameron Winklevoss remarked that Sacks’ decision to sell off all cryptocurrencies would cost him gains running into a billion dollars. “David Sacks is going to easily lose out on $1 billion in crypto gains over the next 4 years,” said Winklevoss. “He sold all of his crypto holdings (including $85 million of his personal holdings) prior to becoming AI and crypto czar.” Sacks has previously confirmed the sale of his digital asset holdings while denying Multicoin exposure after divesting his stake. According to Sacks, he cumulatively sold $200 million worth of cryptocurrencies while disposing of $85 million worth of personal assets. He confirmed that he liquidated his holdings in crypto funds, including Bitwise and Blockchain Capital, before assuming office. Cameron says Sacks is at the helm of a policy shift for cryptocurrencies in the US but will not reap any benefits from the windfall of changes. “He is doing tremendous work and will not be sharing in any of the economic upsides to avoid even the slightest appearance of a conflict,” said the Gemini cofounder. Sacks Leads The Charge For New Crypto Policy Without Pecuniary Benefits David Sacks has hit the ground running since his appointment as crypto and AI czar, playing a key role in setting up the White House Crypto Summit . His efforts led to the establishment of a Strategic Bitcoin Reserve and the US Digital Asset Stockpile. Sacks disclosed that the US has lost over $17 billion from the previous sale of confiscated Bitcoins . The concerted efforts of Sacks are expected to trigger new institutional interest in the ecosystem, sending prices to new all-time highs by the end of Trump’s first tenure. The post Gemini Cofounder Reveals How Much David Sacks Will Lose In Crypto Gains In Four Years appeared first on CoinGape .

2025-03-09 04:22
Samson Mow Predicts “Fast Run” Bitcoin Price to $1 Million, Here’s Timeline
Popular Bitcoin advocate and CEO of Jan3 Samson Mow has once again predicted that Bitcoin could hit $1 million, drawing on a recent shift in the market. While responding to the White House official X account promoting Bitcoin, he revealed this on his X account. The Samson Mow Prediction and Rationale According to Samson, Bitcoin will reach $1 million much faster than expected. In the past, Mow has popularized the idea that he projects the token’s $1 million milestone by 2031. However, he is changing his position now, as President Donald Trump’s executive orders are rapidly evolving the US crypto ecosystem. Speaking on the above, Mow pointed to increased government backing as a major factor. He stated that the conditions for a price surge are aligning with the White House’s current pro-crypto and Bitcoin stance. Meanwhile, an X user reacted to Mow’s comments that $1 million by 2031 is conservative. Still, Mow believes that the rate at which everything is happening is fast, which might bring BTC’s price closer to the mark soon. White House Influence on Bitcoin and Regulation It is worth mentioning that one major factor pushing the current Bitcoin optimism is the recent support from the White House. For context, at the first-ever White House Crypto Summit , President Donald Trump declared his commitment to making the U.S. a global leader in cryptocurrency. Once things are certain in the global cryptocurrency community, America will become more welcoming to crypto businesses and Web3 entities. This is unlike the previous administration, which was more restrictive in its approach to managing digital assets. During the Crypto Summit, industry leaders praised Trump for reversing regulatory crackdowns on crypto firms. The SEC has since closed several legal actions against major crypto firms, proof of its enforcement pivot. Additionally, Trump signed an executive order establishing a Strategic Bitcoin Reserve. This means the U.S. government will HODL its Bitcoin holdings instead of selling them. The order also allow the Treasury Department to explore ways to acquire more Bitcoin, which was considered a sign of the government’s long-term commitment to the asset. Current Bitcoin Outlook and Key Catalyst Since the beginning of the month, BTC’s price has hovered between $80,000 and $90,000, despite the increasing demand from institutional investors. With adoption, especially through spot Bitcoin ETFs, growing globally, more businesses and nations are warming up to BTC. This is why market experts like Samson Mow believe the U.S. government’s latest position could encourage other countries to follow the trend. If achieved, this could further accelerate Bitcoin’s growth. At the time of writing, Bitcoin price was changing hands for $85,093, down by 0.69% in 24 hours. The post Samson Mow Predicts “Fast Run” Bitcoin Price to $1 Million, Here’s Timeline appeared first on CoinGape .

2025-03-09 01:58
Analyst Confirms Dogecoin Price Can Reach $90, Here’s When
Crypto analyst DOGECAPITAL has provided an ultra bullish outlook for the Dogecoin price, predicting it could reach as high as $90. The analyst also revealed when the foremost meme coin could reach this price target. When The Dogecoin Price Could Reach $90 In an X post , DOGECAPITAL predicted that the Dogecoin price could reach $90. He noted that the price target was the highest point of a red area, which he believes the top meme coin could peak at in this market cycle. Interestingly, the analyst’s accompanying chart showed that DOGE could reach this price target by the end of 2025, which he noted. Based on DOGECAPITAL’s analysis, this parabolic rally to $90 will happen in phase 3 of the meme coin’s bull run when it reaches this parallel red zone. This move will mirror previous cycles when Dogecoin reached its peak before starting a new cycle. The analyst noted that the bottom of that red zone sits at $26, his minimum target for this cycle. He said that the bottom of this red zone could gradually increase over time due to the slope of the line. Meanwhile, DOGECAPITAL claimed that the timing of DOGE’s approach to this red zone will determine when market participants can expect this cycle’s ultimate peak. In the meantime, DOGECAPITAL noted that the weekly candle continues to hold the same parallel line level, mirroring its behavior during the 2017 and 2021 bull runs. He predicts that phase 2 of DOGE’s bull run will begin once the bottom is fully confirmed. The accompanying chart showed that the Dogecoin price will surge above $2 during this phase 2 of its bull run. DOGE Could Soon Hit $3 Crypto analyst Trader Tardigrade recently predicted that the Dogecoin price could hit $3. This came as the analyst revealed that DOGE’s monthly candle had formed a Doji, which was mirroring the same position in the previous cycle. The analyst remarked that this Doji might kick off a bull run for the DOGE price , similar to the massive spike in 2017 and 2018. His accompanying chart showed that the top meme coin could reach $3 as it records this massive spike. Meanwhile, crypto analyst Ali Martinez stated that if the Dogecoin price maintains support at the channel’s lower boundary at $0.17, it could trigger a strong rebound toward $2.74. However, according to a CoinGape market analysis, there is still the possibility of DOGE suffering downward pressure before any potential price rebound. The analysis noted that the Dogecoin price is on the verge of forming a death cross , which may trigger a 42% crash to a five-month low of $0.11. The post Analyst Confirms Dogecoin Price Can Reach $90, Here’s When appeared first on CoinGape .

2025-03-09 00:48
Ripple Lawsuit: XRP Community Calls On SEC Chair Mark Uyeda To End Appeal
The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has long reached a pivotal moment. The XRP community is calling on newly appointed SEC Chair Mark Uyeda to drop the agency’s appeal. Ripple Community Chatter on SEC Case It is important to state that since the SEC filed its appeal on October 2, 2024, challenging Judge Analisa Torres’ rulings on programmatic sales and other distributions, XRP supporters have been vocal about their frustration. Spearheaded by X user, Tanner, many community members believe the SEC’s continued pursuit of the case is unnecessary. This is because of the court’s ruling that XRP’s public sales did not violate securities laws. them permanently enjoined to the court. An Acting Chairman resolving a complex case like Ripple’s would be rather uncommon. The fact that Ripple requested an extension to April 16th might be in anticipation of Atkins’ arrival. At least this is my take on it all. — Sherrie (@CherryEmpress21) March 8, 2025 Some speculate that Ripple’s request for the brief extension until April 16th may be tied to Uyeda’s potential leadership shift. The firm is likely anticipating a more pragmatic resolution under his watch. In addition, prominent figures in the crypto community have suggested a compromise. They want both Ripple and the SEC to drop their appeals and agree to revise the $125 million penalty currently in escrow. This would allow Ripple to move forward without the lingering uncertainty of legal proceedings. It will also enable the SEC to avoid further reputational damage from a prolonged fight. The New US SEC and End to Crypto Litigations With Mark Uyeda now acting as chairman of the US SEC, there is renewed hope that a resolution could be reached in the Ripple versus SEC case. For context, Uyeda has been critical of the SEC’s regulatory overreach in the past, and his leadership thus far has signaled a shift away from aggressive enforcement actions. The SEC dropped its charges against Ripple executives in October 2023. In addition, the SEC closed the Coinbase lawsuit recently. Crypto community members believe that these moves mark a softening position on the SEC’s side. However, the ongoing Ripple lawsuit appeal remains a central sticking point. The XRP community argues that if Uyeda truly wants to address the regulatory missteps of the past, dismissing the SEC’s appeal would be a decisive step. Proponents argue that it will restore trust and set a new direction for crypto regulation. Ripple Labs Policy Initiatives Meanwhile, Ripple Labs has continued to strengthen its policy efforts in the United States. Presently, it is engaging with lawmakers and blockchain associations to advocate for clear cryptocurrency regulations. The organization’s efforts align with broader industry calls for regulatory clarity that gives room for innovation rather than stifling it through litigation. As the case with the US SEC progresses, all eyes are on the regulator’s next move. Will Uyeda take action to end the Ripple lawsuit appeal and bring long-awaited closure? The XRP community is watching closely. Also, Ripple CEO Brad Garlinghouse has commended President Donald Trump’s vision of a crypto strategic reserve, which might include XRP. He also expressed excitement that the industry is moving past the Biden administration’s regulatory approaches. The post Ripple Lawsuit: XRP Community Calls On SEC Chair Mark Uyeda To End Appeal appeared first on CoinGape .

2025-03-09 00:34
Andre Cronje Outlines Reasons For Ethereum’s Underperformance This Cycle
Sonic Labs co-founder Andre Cronje has explained the reasons for Ethereum’s (ETH) faltering price performance in recent months. The DeFi godfather points to rising competition from Solana and Tron and internal wrangling on Ethereum as reasons for the network’s decline. Andre Cronje Identifies A Boatload of Factors Affecting Ethereum As analysts continue to scratch their heads over Ethereum’s underperformance, Andre Cronje has thrown his hat in the ring to explain the asset’s decline. Cronje took to X (formerly Twitter) to rationalize falling Ethereum prices in the face of major catalysts for the network. Top on the list for Cronje are layer 2 projects “ruining” user experiences via fragmented liquidity and the use of centralized sequencers. Cronje notes that the decision of L2 projects to dump ETH adversely affects price performance. Furthermore, short pressure from USDe and a botched scaling roadmap contribute their share to falling Ethereum prices. Cronje argues that ETH defenders are podcasters rather than engineers while the question of network representation remains unsettled. The recent appointment of Ethereum Foundation directors does little to convince Cronje to invest in the largest altcoin. Cronje Will Rather Invest In Other Altcoins Over Ethereum The Sonic Labs co-founder confirmed that the dour sentiment surrounding Ethereum is linked to increased competition from other blockchains. Rival blockchains like Solana (SOL) and Avalanche (AVAX) offer improved speed and finality while offering superior user interfaces. For Cronje, these competing blockchains offer direct support to native projects rather than opting for neutrality. He argues that teams are just not building on Ethereum and are opting for other blockchains to host their projects. “Hell, I don’t invest, but if I did, I would choose Solana, Tron, and XRP over ETH,” said Cronje. Ethereum’s Grim Price Prediction After the largest altcoin slipped below the $2,000 mark, on-chain analysts presented theories of ETH falling to $1,000 . Ethereum currently trades at $2,215 with whales scooping up one million ETH on a discount. Despite key catalysts like ETH ETF approvals and inclusion in the Crypto Strategic Reserve , the asset’s price performance is underwhelming. Analysts have their sights on resistance levels at the $2,857 mark and $2,084 for support as the assets navigate a choppy season. The post Andre Cronje Outlines Reasons For Ethereum’s Underperformance This Cycle appeared first on CoinGape .

2025-03-09 00:08

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