Latest news with #XRP
Yahoo
12 hours ago
- Business
- Yahoo
XRP Tests Key Support as Traders Watch for Breakout Signal
XRP is tightening its trading range near $2.15, signaling a potential breakout as majors remain rooted to the whims of macroeconomic token's current price action reflects an extended accumulation phase, with technical indicators showing decreasing volatility and firm support around the 38.2% Fibonacci retracement level. XRP's recent stability comes as broader economic forces loom large. Escalating trade tensions between major economies and diverging central bank policies continue to pressure risk assets, creating headwinds for crypto investors. Despite this, XRP has maintained a steady price floor following its explosive January rally to $3.39. Ripple's legal standoff with the U.S. SEC remains a key wildcard. Settlement talks are reportedly ongoing, and speculation continues to build around a potential XRP spot ETF, with Franklin Templeton's application delayed but still under consideration. Meanwhile, Ripple's leadership claims that XRP could capture up to 14% of SWIFT's transaction volume — a massive leap in institutional use case. The crypto market's cautious tone has not dampened interest in Ripple's cross-border payment infrastructure. And with technical compression now peaking, traders are watching closely for signs of a confirmed breakout or breakdown. XRP traded within a narrow 24-hour range from $2.135 to $2.186, showing signs of a market coiling for a move. A bullish burst between 13:21 and 13:30 pushed prices from $2.151 to $2.158 on high volume, suggesting growing buyer interest. The price briefly pulled back to $2.150 in the 13:47–13:48 window — a critical zone that aligns with the 38.2% Fibonacci retracement from January's high. XRP posted a 2.38% trading range over 24 hours, from $2.135 to $2.186. Support held at $2.133 with above-average volume; resistance formed near $2.186. Current trading band between $2.150–$2.165 shows narrowing volatility — a classic pre-breakout structure. Fibonacci support at $2.152 (38.2% retracement) remains intact. Volume spike confirmed local high at $2.158 during 13:21–13:30. Sharp dip to $2.150 tested key support; quick recovery to $2.152 shows buying strength. RSI and MACD trending flat, indicating a potential breakout setup once volume returns. Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk's editorial team for accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
14 hours ago
- Business
- Business Upturn
PFMCrypto Boosts BTC Yield Potential with 2025 Launch of Advanced AI-Powered Multi-Crypto Mining Platform
LOS ANGELES, June 19, 2025 (GLOBE NEWSWIRE) — PFMCrypto, a UK‑based crypto asset management firm, announces significant upgrades to its AI‑powered cloud mining platform for 2025. The new system uses advanced artificial intelligence to analyze market trends, optimize hash power through ASIC‑GPU clusters, and automatically switch between the most profitable cryptocurrencies. The upgrades aim to help users maximize their mining returns and simplify participation in the crypto mining space. However, this new wave is not only limited to X or crypto trading platforms; PFM Crypto, a trusted crypto asset management company in the UK, has also taken the bold step by introducing its users to its smart, AI-optimized crypto mining platform. Click here to visit the company's official website: What is Cloud Mining? Cloud mining is an innovative approach to earn cryptocurrencies like BTC, Doge, and XRP without buying them. By mining, users are contributing to the decentralization and security of blockchain while the ecosystem rewards them with daily mining income. 'Running a mining node is ideal, however, it is very challenging. Users have to purchase expensive hardware and acquire deep technological knowledge to manage this hardware. We launch PFM Crypto to challenge the traditional mining approach and offer users flexible and democratized access to the mining space – no upfront mining fee or hidden charge on withdrawal.' said PFMCrypto CEO. PFM Crypto is a reliable cloud mining protocol that allows users to access mining power remotely on any mobile device – eliminating the need to buy any hardware or acquire BTC node troubleshooting skills. BTC mining revenue performance in June Trial Contract: Investment: $100 | Net Profit: $106.6 Classic Contract: Investment: $500 | Net Profit: $530.75 Classic Contract: Investment: $3,000 | Net Profit: $3,888 Prepaid Contract: Investment: $5,000 | Net Profit: $7,370 Advanced Contract: Investment: $10,000 | Net Profit: $17,240 These are not hypothetical data, but are based on real feedback from millions of users. Click here to view more mining contracts. Why Everyone is Getting on PFM Crypto AI-Supported Cloud Mining 2025 – Smarter Resource Allocation: One of the challenges of traditional cloud mining is resource allocation – users are unable to determine when to start or stop mining. PFM Crypto adopts the use of AI to help users analyze real-time data on mining performance, energy consumption and market trends to ensure that they profitably allocate their computing resources, minimize waste and increase returns. – Predictive Maintenance and Downtime: PFM Crypto combines experienced personnel with AI to achieve high operational efficiency. With AI, the system can predict hardware failures, allowing the protocol to swiftly manage pending system issues and prevent downtime, ensuring higher mining uptime and consistent rewards. – Energy Optimization: In traditional cloud mining, high energy cost is a challenge. However, on PFM Crypto, using AI continues to improve mining operations by noting temperature and hash rates to optimize electricity usage and reduce blockchain carbon footprint. – Adaptive Strategy: From switching between coins to selecting the best mining algorithms, Users can leverage the PFM Crypto AI-supported platform to adjust mining strategies in real time, relying on market sentiment and trends. How to get started on the most trusted Cloud Mining platform in 2025 1. Sign up on your PC or mobile device here 2. Receive your free $10 welcome bonus 3. Active your first cloud computing power with the bonus4. Monitor rewards using its real-time analytical tool 5. Access free withdrawal anytime
Yahoo
15 hours ago
- Business
- Yahoo
Ripple case nears climax as ex-SEC lawyer hints final ruling is imminent
Ripple case nears climax as ex-SEC lawyer hints final ruling is imminent originally appeared on TheStreet. Veteran securities litigator Marc Fagel recently shared his opinion on rumors surrounding the Ripple securities violations case getting dragged until Aug. 15. As the blockchain tech and payments company and the Securities and Exchange Commission (SEC) filed a joint status report on June 16, the parties requested the court to hold the appeals in abeyance until Aug. 15. The request led to wide speculation within the crypto community that the case has been further delayed for another two months. But Fagel said it's not true. In fact, the district court judge could issue a ruling "in hours, days, or weeks (or months or years, for that matter, but it obviously won't come to that)," he argued. Fagel is a former attorney who spent 16 years working at the SEC's San Francisco Regional Office. The securities regulator sued Ripple in December 2020 for allegedly selling unregistered XRP securities worth $1.3 billion. In July 2023, Judge Analisa Torres ruled that while the sale of tokens to institutional investors violated securities laws, their sale to retail traders didn't. An X user had a simple question: why the judge deemed the tokens sold to institutions to be securities but not those sold to the public. Fagel responded that even he personally found the ruling to be turning "the intent of the securities laws on its head." The court was wrong, he opined, but added it didn't seem like the court would address the issue. Another X user wondered about the delay in the ruling, to which Fagel replied, "Nobody is delaying anything." He explained that it takes time to write an opinion, the case is largely unprecedented, and it isn't the only case on Judge Torres' plate. Notably, both parties reached a settlement in March 2025 in which the payments firm pays the regulator only $50 million of the original $125 million penalty. As per Kraken, XRP was trading at $2.15 at press time. Ripple case nears climax as ex-SEC lawyer hints final ruling is imminent first appeared on TheStreet on Jun 19, 2025 This story was originally reported by TheStreet on Jun 19, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Business
- Yahoo
XRP Drops 5% as High-Volume Selling Pressure Dominates Market
XRP fell 4.5% over the past 24 hours, dropping from $2.254 to $2.164 as sellers overwhelmed buyers and forced a breakdown below key support levels. The token now faces increasing pressure at the $2.20 resistance level, with technical indicators showing a sustained downtrend that has yet to reverse. XRP has come under intensified selling pressure amid rising macroeconomic uncertainty. Ongoing U.S.-China trade friction, mixed central bank policy signals, and the fallout from recent ETF rejections have soured sentiment across risk assets. At the same time, traders are closely watching Ripple's upcoming RLUSD stablecoin deployment and regional regulatory milestones in Dubai and Singapore — two markets where Ripple's infrastructure continues to expand. Still, none of these developments have provided near-term lift, with XRP now down nearly 9% for the week. Market observers point to a descending channel forming on the hourly chart — a bearish continuation signal — as volume surged during key resistance tests. Unless buyers can reclaim the $2.20 level, analysts warn that price action could break further toward the $2.10 zone. The sharpest pressure came during the 15:00–16:00 hour, when volume more than doubled the daily average, cementing resistance around $2.19. A brief recovery attempt later in the session pushed XRP to $2.179, but sellers quickly regained control. A final high-volume drop at 02:01 pushed the price down to $2.162, confirming a lower low and continuing the downtrend. Support has formed around $2.147, with XRP trading in a narrow range near $2.164 as volatility begins to subside. XRP declined from $2.254 to $2.164, a 4.5% drop. High-volume resistance zone formed around $2.19 during peak activity at 15:00–16:00. Support identified at $2.147 where buyers stepped in repeatedly. Short-lived recovery reached $2.179 before being rejected. Volume spike at 02:01 coincided with 0.8% price drop to $2.162. Immediate resistance now at $2.175; descending channel pattern signals continued bearish pressure. Selling volume has tapered off, suggesting possible stabilization in the near term. Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk's editorial team for accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
21 hours ago
- Business
- Yahoo
Which Cryptocurrency Is More Likely to Be a Millionaire Maker? Bitcoin vs. XRP
Both Bitcoin and XRP could be good long-term investments. Bitcoin's value proposition is that it can't be printed and it's scarce. XRP's value is derived from its utility as a medium of exchange and from its ledger. 10 stocks we like better than XRP › When people daydream about cryptocurrency investments, the fantasy usually ends with imagining how they will spend all of the millions of dollars they made. Yet very few assets have the horsepower to turn a modest investment into that kind of money. And with the market marching toward fresh highs again, two of the sector's leaders, Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), keep resurfacing in those millionaire-maker conversations. One is celebrated as digital gold; the other is quietly wiring real cash around the globe. Which of the pair is more likely to bring riches to investors? Let's start by examining first principles. Bitcoin's protocol caps its supply at 21 million coins. So it can't experience debasement in the way that a fiat currency does. As many coins have been burned, lost, or otherwise rendered inaccessible, there will always be far fewer coins than that available for sale, which makes the supply proposition even sweeter. Demand is the other half of the equation, and in Bitcoin's case, it looks very favorable as well. In May alone, crypto funds pulled in roughly $7.1 billion of net inflows, most of which went into Bitcoin-backed exchange-traded funds (ETFs), thereby pushing their total assets under management to a record $167 billion. Other data indicate that a total of $11 billion has poured into digital-asset products during the past seven weeks. This is undeniable evidence that Bitcoin is in demand from asset managers. Scarcity plus new buyers is a potent combination for price. A very large proportion of Bitcoin is now being held at a profit based on recent prices. Fewer nervous hands holding coins that are underwater translates into fewer sudden supply shocks. Should ETFs see outflows or regulators reverse course, the float (coins available for public trading) would loosen and price momentum could stall quickly. Even then, the coin's halvings every four years or so will keep expansion of new supply shrinking, mathematically raising the odds that any dip is temporary rather than terminal. Now it's time to rain on the parade. With an investment of $10,000 today, Bitcoin would need to reach a market cap of around $210 trillion for it make you into a millionaire. For reference, that's roughly twice the size of the gross domestic product of the entire global economy in 2024. In other words, don't hold your breath for a small investment in this coin to make you into a millionaire. Where Bitcoin leans on scarcity, XRP is built to move money as cheaply as an email, which is to say practically free. Ripple, the company that issues the XRP coin, is building it out to be the core of an entire ecosystem of financial products and services that are oriented toward the needs of the largest institutional investors out there. A recent corporate guide from Ripple pitches global e-commerce, which is now past a total value of $6 trillion in annual sales, as low-hanging fruit to market XRP to deliver faster settlement. Running even a small portion of those payments would require institutions to buy quite a bit of XRP, sending the coin's price aloft. Technical momentum is picking up too. In March, the XRP ledger's latest upgrade activated native automated market makers, letting anyone contribute liquidity and earn fees without clunky smart contract workarounds. That feature could deepen on-chain liquidity and make XRP spreads more competitive with fiat rails, which would in turn make institutional investors more interested in parking their capital on the chain, as it could support the transaction sizes they need. In April, Ripple folded its new RLUSD stablecoin into Ripple Payments, which now claims nearly $10 billion in trading volume since its December launch. The stablecoin is hosted on XRP's network, so its value contributes to the total value of the chain and the coin. Still, a few headwinds remain. XRP's economics depend heavily on Ripple's business decisions and its work to develop its features. A strategic misstep or a fresh legal tangle with the Securities and Exchange Commission could sap adoption severely and depress the coin's price. Other chains are competing with it to court the same institutional money, and in some segments, they're winning. Thus the coin's utility alone does not guarantee price appreciation. Neither XRP nor Bitcoin are going to make you a millionaire overnight. But both could be great wealth-building tools if you're willing to diligently dollar-cost average into a position and hold it for a handful of years. With that said, if your goal is simply to stack a nest egg that could cross seven figures within a decade or two, Bitcoin's path is clearer. It needs only continued scarcity-driven demand to succeed, which is something that the ETFs, a growing number of corporate treasuries holding it, and perhaps even governments will provide. In contrast, XRP requires both steady protocol evolution and a broad corporate shift toward on-ledger settlement of transactions in a few different categories to see its price reach meteoric heights. That can happen, but it involves more moving parts and a longer adoption curve, so it isn't as reliable a millionaire-maker. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Alex Carchidi has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and XRP. The Motley Fool has a disclosure policy. Which Cryptocurrency Is More Likely to Be a Millionaire Maker? Bitcoin vs. XRP was originally published by The Motley Fool
