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Ripple-linked crypto XRP could be on the precipice of another parabolic rise. According to a widely-followed crypto analyst, XRP is forming a convincing pattern on the price chart, signaling a potential surge of up to 28% in the foreseeable future. XRP’s Cup And Handle Hints At Move To $3.35 XRP is approaching a potential breakout that will result in an explosive outcome. Technical analyst Ali Martinez told his 127,000 followers on the X social media platform that XRP has been forming a cup-and-handle chart structure on its four-hour chart since February 1. In technical analysis, the cup and handle pattern is a popular bullish continuation pattern in which the price of a crypto asset moves upward in a rounded cup and corrects downwards as it creates a handle. This formation is considered a bullish signal that marks the potential for a parabolic breakout. The rounded bottom of the cup in the pattern indicates an accumulation phase during which selling pressure wanes and buyers are in the driver’s seat. After XRP’s price surge to new highs earlier this year, the cryptocurrency witnessed a major correction that drove its price below the $3 milestone, followed by a strong comeback in what seems to be a U-shaped recovery forming a cup. The pattern validates when the price pushes above the handle, surging to about an equal size to the previous drop. According to Martinez’s accompanying chart, an XRP breakout will kick off after breaking past the pattern’s resistance at $2.80. Breaching this barrier would embolden the bulls to push the price toward $3.35, representing a 28% jump from the current levels. At the time of writing, XRP is trading at $2.61. “If XRP is following a cup and handle pattern, a breakout could set the stage for a move toward $3.35!” Martinez wrote. XRP Eyeing Potential Bullish Reversal Martinez is not the only crypto analyst with a bullish outlook on XRP. For instance, Dark Defender suggested that XRP must first overcome the stubborn resistance at $2.77 for the coin to reclaim the $3 mark. “XRP is trying to claim the $2.7740 level. If successful, then $3 will be in play. Breaking this channel heralds 2 digits levels first!” Meanwhile, XRP has several catalysts, including the potential launch of spot exchange-traded funds (ETFs) in the U.S. or Ripple executives courting the new U.S. President Trump administration, which could also unlock new venues for the asset’s mainstream adoption.

Weekly pennant still in play. Targeting $140,000 next. #Bitcoin

🚀 $CTK/USDT – Momentum Building Up! 📊 Current Price: $0.4671 (+4.01%) 🔥 Key Levels: Support: $0.4500 – Holding above this level keeps the bullish structure intact Resistance: $0.4750 – A breakout above this could push CTK to new highs 📈 Long Setup (Bullish Play): Entry Zone: $0.4550 - $0.4650 (Ideal buy range) Take Profit Targets: TP1: $0.4800 TP2: $0.4950 TP3: $0.5100 Stop Loss: Below $0.4450 📉 Short Setup (Bearish Play): Entry Zone: $0.4750 - $0.4800 (Short if rejected) Take Profit Targets: TP1: $0.4600 TP2: $0.4450 TP3: $0.4300 Stop Loss: Above $0.4850 📊 Market Insight: $CTK is displaying strong recovery momentum after a brief dip. If it breaks above $0.4750, we could see a quick push to $0.50+! However, a rejection at resistance could lead to healthy pullbacks offering fresh long entries. 💡 Pro Tip: Watch for volume confirmation before entering. A strong breakout with high buy volume will validate bullish momentum! 🚀 #GrandeFratello #planecrash #Bitcoin #Trump #หลิงออม

The U.S. Bitcoin mining industry has generated over 31,000 jobs and contributed more than $4.1 billion in gross product annually. According to a report by The Perryman Group, most of the industry is concentrated in twelve states, with Texas being the largest contributor. Economic and Social Benefits The study shows that Bitcoin mining in Texas generates approximately $1.7 billion in gross product and creates more than 12,200 jobs, including those linked to utility-related activities. Other major states include Georgia which gives $316.8 million in annual gross product and 2,300 jobs, and New York with $225.9 million and 1,600 respectively. Bitcoin miners also play a role in local communities. Mining companies often make charitable contributions and sponsor local events. They also invest in community infrastructure which helps to improve the living standards. Additionally, these entities provide specialized training programs and prioritize hiring a diverse workforce. Due to their flexible power consumption, Bitcoin miners can adjust their energy usage during times of grid stress hence helping to stabilize demand. According to the Electric Reliability Council of Texas (ERCOT), their predictable demand for power aids in energy planning and supports investments in power generation and transmission. Despite the economic benefits, the industry faces regulatory challenges at both the state and federal levels. Critics have raised concerns about the environmental impact of its high energy consumption, leading some states like New York to introduce restrictions on mining. At the federal level, lawmakers have debated potential taxation policies on mining operations and environmental reporting requirements. However, many firms have adopted strategies to reduce emissions and use renewable energy. Some are repurposing excess energy, such as using methane from oil fields or heat from mining operations for other uses like greenhouse farming. The United States’ Appeal and Trump’s Vision The U.S. is an attractive location for Bitcoin mining due to low-cost energy, particularly in states like Texas, Washington, and Wyoming, which offer some of the cheapest electricity rates in the country. U.S. President Donald Trump has also expressed strong support for the Bitcoin mining industry. During his 2024 presidential campaign, he stated his goal to make the nation the “crypto capital of the planet” and highlighted mining’s importance for national security. Trump has advocated for building power plants specifically for mining operations using fossil fuels and nuclear energy to support the sector. His vision includes ensuring all the remaining Bitcoin is mined in the U.S., with a focus on strengthening the nation’s role in crypto and AI. The post Bitcoin Mining Industry Generates 31,000+ Jobs in the US: Report appeared first on CryptoPotato.

Kain Warwick, the Australian founder of Synthetix and Infinex, said the current meme coin frenzy reminds him of the initial coin offering (ICO) craze of 2017-2018. In a detailed post on X (formerly Twitter), the crypto entrepreneur talked about how similar the two events are, trying to get investors’ attention about market conditions. Warwick pointed out that both trends, meme tokens and ICOs, came about because of structural inefficiencies in the industry—ICOs did well because of the high barriers of traditional fundraising, while meme coins have risen as a counter to venture capital (VC) manipulation in crypto funding rounds in 2021. In Warwick’s view, the problem isn’t the meme coins themselves but the lack of control over how they are launched, which leads to a space dominated by bad actors. ICOs, he recalls, were ultimately shut down by regulators, which prevented further damage but also stopped innovation. However, meme coins are unlikely to face the same regulatory crackdown, which makes a unique opportunity for self-regulation possible within the ecosystem. Related: Altcoins Revisit 2021 Rally Patterns; Market Eyes Next Breakout One of Warwick’s main worries is that important infrastructure in crypto is being taken over by bad actors. He described a recurring cycle in crypto history: He argues that with ICOs, paid influencers had a big part in pushing scam projects. Today, the same pattern is showing up with meme coins, where high-follower accounts are being paid to promote contract addresses (CAs), effectively running modern-day pump-and-dump schemes. Warwick thinks that self-regulation is the only way forward. He suggested that the crypto community—especially in the Solana ecosystem, where meme coins are very common—must tell the difference between real innovation and exploitative schemes. Related: Smaller Altcoins Are Grabbing Crypto Liquidity. Is This a New Market Power Play? He suggested a platform that can track market awareness and offer a structured environment for fairer launches. He mentioned Kaito as a potential candidate, even though he knows that the challenge is convincing influential figures to adopt better practices. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.