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XRP has continued to struggle in recent weeks, with its decline accelerating on Monday, Feb. 24, as the price tumbled nearly 15%. Notably, since December 3, the third-largest cryptocurrency has been range-bound between $2.80 and $2.00. This continued weakness persists despite a series of major developments expected to boost its price. Beyond Ripple’s victory in the SEC lawsuit in May 2024, which confirmed XRP is not a security, positive news such as Ripple’s new partnerships and progress on XRP exchange-traded funds (ETFs) have gained momentum. For instance, the U.S. Securities and Exchange Commission (SEC) has recently acknowledged filings for multiple XRP ETFs, including Grayscale’s XRP ETF and potential offerings from Canary Capital, WisdomTree, and CoinShares. Additionally, discussions about XRP’s possible inclusion in a U.S. strategic reserve have further fueled optimism within the community. Recently, popular crypto analyst GA Spark weighed in on the situation, outlining several reasons why XRP has yet to respond to these catalysts. According to Spark, the broader market’s influence cannot be understated. “If Bitcoin, Ethereum, and other major assets aren’t rallying, XRP often struggles to gain momentum, “ he tweeted. Notably, Bitcoin’s dominance continues to dictate the movement of altcoins, and with macroeconomic factors such as high interest rates and inflation concerns affecting the financial markets, institutional liquidity remains limited. As a result, XRP, despite its unique utility, moves in correlation with broader market trends. The pundit also argued that regulatory uncertainty remains a significant barrier. According to him, while Ripple won a crucial battle against the SEC last year, the case is not fully resolved, and institutions remain cautious. Many U.S. exchanges still limit XRP adoption, and some platforms avoid listing it altogether due to lingering concerns. He emphasized that full regulatory clarity, including potential approval of XRP ETFs, could be the catalyst needed to spark significant institutional investment. Supply and liquidity dynamics also play a role. The analyst noted that Ripple’s controlled escrow releases increase available supply, “which can slow down price appreciation.” Additionally, XRP is fundamentally a utility-driven asset, meaning its adoption in financial systems is progressing but not yet fully priced in. The pundit noted that, unlike more speculative crypto assets, XRP’s real-world use cases, such as On-Demand Liquidity (ODL) for cross-border payments, are still in the early stages of mass adoption, adding that over time, increasing transaction volumes may reflect in XRP’s price. Another theory points to potential market manipulation. “There is speculation that whales and institutions are deliberately keeping XRP’s price suppressed while they accumulate at lower levels,” he noted. According to him, this suppression allows them to buy more XRP at favorable prices. It maintains stability until a major catalyst, such as regulatory clarity or ETF approvals, triggers a major price breakout. At press time, XRP was trading at $2.20, reflecting a 9.9% drop over the past 24 hours.

$SOL Monthly bear div starting to play out. We have one final support in the form of a weekly open, other than that... nothing.

Celebrities have now become the new engine driving the Crypto train. From the Hollywood industry to sports legends, everyone wants to take a piece of the pie and hence delve into the glamour of Cryptos. The rise of celebrity endorsement of meme coins has captivated the Crypto community sparking both excitement and controversies. What began as a bull bucket in 2009 has now become hype-driven tokens tied by the popularity of celebrities supporting it. As these meme coins get traction, they often overshadow some of the big Crypto names in the industry. Today we will explore how these meme coins, which started as jokes at one point, have now become major players in the industry. Are Celebrity Influencing The Crypto Market? We all know how dynamic the crypto landscape is. The constant evolution is shaped by the ever-shifting trends and investors’ behavior. While this volatility was not enough, a new layer has been added with the concept of celebrity-backed meme coins. Influencers and public figure use their popularity and channels to promote these tokens, driving the prices to go wild. The massive wave of swings creates gaps in the market which investors flock in to fill. As these meme coins get traction, they often pull all the attention of the inventors overshadowing the main coins. And this is how it looks like – Celebrities launching their token, and fans flocking in to invest. Social media servers are used as the main media to promote these coins. With the hype price often skyrocket or crash. Thus creating or adding an additional layer of Volatility in the market. How It’s Shaping Investor Behavior Emotion has always played an important role in directing traders and investors to make decisions. With celebrities and popular public figures involved in meme coins, the meme coin craze has drastically shaped investors’ behavior. Celebrity-endorsed tokens showcase easy investment opportunities, luring in new investors who prioritize hype over the fundamentals. This shift in the investor’s behavior has changed the whole investing landscape from calculative investing to speculative trading. This shift in behavior has fueled investors to go for short-term gain over long-term profits. Social media play an influential role in amplifying these trends and making the prices swing from Earth to the Moon overnight. The key trends that drive these shifts are as follows – Social media sentiments often outweigh what is fundamentally right. FOMO that leads to impulsive decisions. Eyeing for short-term profit makes the market more volatile. Focus on the celebrity often covers the shortcomings of the meme coins. How Established Cryptos Losing the Spotlight? As meme coins take center stage, popular coins are sidelined. The early Crypto bull that was mainly driven by investment and new technological innovation ideas is now replaced by hype-driven tokens. This shift has slowed down the entire process for which Cryptocurrency was introduced in the market i.e., to establish a centralized financial network. The crypto market once full of hope of new technological innovations is now plagued by concerns. A few popular concerns are as follows – Established and stable Cryptocurrencies are now losing the limelight to volatile meme coins. Innovative projects are now losing funds to speculative assets. The pursuit of short-term profit has made the new breed of investors sighted. Key technological advancements are at risk of being overlooked. Crypto’s Future in a Meme-Driven Market Looking into the future, the Cryptocurrency market must adapt to the growing influence of the celebrity-backed meme coin. Striking a balance between trends and technological innovation is the key. Investor will need to invest more time in doing their research to understand the coins and navigate through the complex culture of the meme coin industry. Meanwhile, regulatory bodies will look to tighten scrutiny on the celeb endorsement. The post Celebrity Meme Coins Like TRUMP & LIBRA Killing the Crypto Bull Run appeared first on Coinfomania.

ETH, the second biggest crypto in the world, is the very backbone of the decentralized finance landscape. Not only that, but ETH is also important for smart contracts and blockchain infrastructure. This is primarily due to two key reasons. First, it is one of the most used and popular blockchain and holds a considerable market share. Secondly, it is always looking to innovate itself. Since it is one of the most used blockchains, it is in a constant state of evolving with regular updates that enhance scalability and the security side of the token. However, the market is gradually evolving, and newer layer-1 blockchain is entering the foray. As a result, analysts believe that the token needs to evolve itself. Here is a detailed look at ETH price prediction for 2025 to see where the token is headed. ETH Price Prediction For 2025 ETH is currently trading between $2,800 and $2,400. Therefore, it is safe to say that ETH is still maintaining its status as the second-largest crypto in the world when it comes to market cap. Analysis for 2025 says that the token will be riding bullish waves and can reach a price point between $5,000 and $7,500 by 2025. This price movement can be due to three key reasons, including: ETH Upgrades: ETH upgrades can help make the blockchain more responsive. Therefore enhancing its accessibility. Institutional Adoption: The overall growing involvement of institutional investors can be another important catalyst that could trigger bullish waves for the blockchain. Layer 2 Expansion: Finally, Layer 2 expansion could increase the token’s overall efficiency. Therefore reducing congestion and lowering costs. While analysts claim that these factors could play a key role in pushing the price of the token high, there is a latent fear that the internal problems will not be done away with. Hence, investors need to factor in that part as well. The post ETH Price Prediction In 2025: The Token Could Easily Breach The $5K Mark In 2025 appeared first on Coinfomania.

The U.S. Securities and Exchange Commission (SEC) plans to remove the top leaders at its 10 regional offices as part of a broader cost-cutting initiative. As reported by Reuters, according to sources familiar with the matter, the SEC informed directors across these offices on Friday that their positions will be eliminated as part of a plan set to be submitted next month. This move is part of a larger push for cost reductions under the Trump administration, which has been focused on purging federal agencies and cutting expenses. The SEC, which oversees the U.S. capital markets, is responding to pressure from President Donald Trump to reduce staff and expenses. SEC leaders have been asked to suggest major budget cuts. As part of cost-cutting, a new department DOGE, led by Elon Musk is involved, and Musk has demanded federal employees list their recent accomplishments or risk being fired. The decision to eliminate the regional directors, which requires approval from the three-person SEC commission, comes as the agency has already started scaling back its crypto enforcement efforts. The SEC has offices from San Francisco to Miami, where officials lead investigations into public companies, brokers, and investment advisers. These directors play a crucial role in enforcement and examination decisions, making their removal a significant change within the agency. The reorganization plan will be submitted by SEC leaders, including Acting Chairman Mark Uyeda, and is expected to focus on restructuring operations to improve efficiency. Reacting to the same, former SEC lawyer Marc Fagel said, “It’s almost like the head of DOGE, previously charged with securities fraud and currently the defendant in an ongoing SEC enforcement action, isn’t entirely free of conflicts in dismantling the SEC’s effectiveness.”