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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.

Bernstein sees strong momentum for U.S. stablecoin regulation in 2025 Bernstein analysts predict a “perfect storm” of political and regulatory support will push U.S. stablecoin legislation forward in 2025. Backed by the White House, Republican-led Congress and pro-crypto agency heads, the expected regulation could drive traditional financial institutions to integrate stablecoin issuance and settlement. According to The Block, the report highlights stablecoins’ growing role in cross-border payments, B2B transactions and AI-driven payments, while emphasizing their contribution to U.S. dollar dominance in global markets. Bernstein also notes that stablecoin issuers are now major holders of U.S. Treasurys, further accelerating regulatory focus.

Ethereum has primarily traded between $2,600 and $2,800 since the February 3 crash. This muted price action has sparked concerns among investors. However, its brief tryst above $2,800 this week has led experts to speculate if ETH is showing signs of a turning point in its trajectory, even as it failed to retain the bullish momentum. Accelerated Exchange Withdrawals According to Santiment’s latest analysis, Ethereum has shown mild signs of a rebound, currently trading near $2,700 and outperforming most altcoins at the start of the week. A key trend observed is the continued movement of ETH from exchanges to cold wallets at a “shocking pace,” with only 6.38% of its supply remaining on trading platforms – the lowest since genesis. Additionally, community interest in Ethereum rose in February which was indicative of a renewed confidence in the asset. After underperforming compared to other large-cap cryptocurrencies in 2024, there is growing anticipation that the world’s largest altcoin may finally see a stronger recovery once broader market conditions improve. Room for Growth Besides setbacks in price, Ethereum’s market dominance has halved since April 2023, falling from 20.5% to 10.5%, as liquidity and attention have shifted to Solana (SOL) and, more recently, XRP. However, experts such as Nick Forster, founder of Derive.xyz, still believe that the altcoin is due for recovery, especially with the upcoming Pectra upgrade. In a statement to CryptoPotato, Forster said, “ETH has a solid foundation for a resurgence. The Pectra upgrade, scheduled for April 8 for example, is bringing network improvements, faster transactions, and better staking mechanics. Vitalik’s push for a 10x increase in the L1 gas limit, is citing improved application development and security. And the ETH Foundation’s recent $120 million allocation to DeFi projects, is signaling a renewed focus on adoption and institutional interest through ETH Realize.” According to Glassnode’s latest update, US spot Ethereum ETFs have recorded net inflows of nearly 145,000 ETH so far this month. This is a significant surge, nearly seven times the total inflows observed in January. The strong inflows suggest that despite recent market uncertainties, the altcoin remains a favored asset among investors seeking exposure through regulated financial instruments. The post Ethereum Supply on Exchanges Hits Historic Low: Will ETH Price Respond? appeared first on CryptoPotato.

Liquidity games continued. #Bitcoin filled some more inefficiencies from the early Feb sell-off and instantly reclaimed the support level. Would make sense to see another push for $100,000 from here.

🚀 $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