Ripple: Traders increasingly Bet on XRP crash

Posted on April 12, 2025April 12, 2025 by Olumide Adesina

Traders increasingly placed bets that XRP would drop below $2 by mid-year.

Data from the cryptocurrency derivatives exchange Deribit indicates that many options contracts (financial instruments that grant the right to buy or sell an asset at a specific price) are focused on lower price targets for April and May. Glassnode, recent data suggests a potential drop in XRP’s price due to a slowdown in trading activity and a decline in capital inflows into the market.

This implies that more investors anticipate XRP to depreciate shortly. The short-term caution contrasts with an increase in cryptocurrency prices earlier this week, partly prompted by former US President Donald Trump’s announcement of a 90-day pause on new global tariffs.

XRP traded at $2.05 on Saturday and has fluctuated as much as 23 percent from a low of $1.65 to $2.16 in the past week.

However, many XRP traders are convinced the rally won’t last. The inability to interpret the omens in the current macroeconomic landscape may be causing that uncertainty. Even though the markets have recovered, XRP options traders seem more cautious than ever.

Trump’s 90-day tariff pause isn’t as effective as the markets believe, and coupled with recent weakness in the Treasury market is sending a recessionary signal

The macro backdrop remains bearish for crypto over the long term amid high uncertainty in the global economy. According to market analysts, the price may continue its downward trend since Trump’s inauguration and drop as low as $1

BlackRock posted $84 Billion inflows in Q1

Posted on April 12, 2025 by Olumide Adesina

BlackRock is the largest asset manager, with $12 trillion in assets under management, and reported net inflows of $84 billion in the first quarter, representing a 3% annualized growth in assets under management.

BlackRock’s Q1 earnings, made public on April 11, revealed that the company’s impressive performance was fueled by a record first quarter for iShares exchange-traded funds (ETFs), with continued strength in private markets and net inflows.

$3 billion, or 2.8% of the $107 billion in net inflows to iShares ETFs in the first quarter, was directed toward digital asset products

Private market inflows of $9.3 billion in Q1 underscored the significance of alternative investments.

Digital assets accounted for less than 1% of BlackRock’s long-term revenue, totaling $34 million in base fees.

BlackRock’s digital asset custody stood at $50.3 billion, roughly 0.5% of the company’s $11.6 trillion assets under management. BlackRock’s net inflows dropped by 70% from the previous quarter, falling from $281 billion in Q4 2024 to $84 billion.

However, BlackRock’s chief, Larry Fink, emphasized the company’s robust fee growth as a success factor. ‘We had our best start to the year since 2021 and proved our enduring strength in the first quarter, achieving 6% organic base fee growth despite a challenging market environment.”

Ripple sends 200 million XRP to unknown Wallet

Posted on April 11, 2025 by Olumide Adesina

Whale Alert highlighted a cryptocurrency transaction by Ripple on Friday. Whale Alert reported a significant transaction involving Ripple, where 200,000,000 XRP was transferred from a Ripple wallet to an unidentified blockchain address.

XRP saw a slight increase, contributing to a total rise of 15 percent since Wednesday. The size of this cryptocurrency transfer generated considerable interest within the XRP community. However, the receiving wallet for this substantial transfer remains a mystery. Some users speculate that a price drop may be imminent, believing that Ripple sent this large amount of XRP for potential sale.

The 200 million XRP coins were initially sent to an anonymous wallet but were subsequently transferred to a cryptocurrency wallet associated with Ripple.

This suggests that a future sale of these coins is still possible.

Ripple has previously used similar transactions to send XRP to exchanges to cover its operating costs. Additionally, there is a possibility that Ripple may divide this large amount of XRP among different wallets.200,000,000 XRP left a Ripple wallet and traveled to an unidentified blockchain address. Standard Chartered says that XRP expects to reach $12.50 by 2028. This week, the cryptocurrency market has been volatile, with many tokens seeing price declines of double digits.

The banking behemoth Standard Chartered made a daring prediction that Ripple’s native token, XRP, could see a sharp increase in value in the upcoming years, which has put the cryptocurrency in the public eye despite the market slump.

The British multinational bank Standard Chartered now projects that XRP may hit $12.50, representing a record gain for the digital asset.

Forex Signals April 11: Can A Soft PPI Sink USD Further, Send Gold to $3,300?

Posted on April 11, 2025April 11, 2025 by Skerdian Meta

Yesterday the USD fell 3 cents and XAU printed a new record high, so a soft PPI inflation report today can escalate the moves further.

Today we get the March US PPI inflation after yesterday's CPI data — Today we get the March US PPI inflation after yesterday’s CPI data

Continue reading “Forex Signals April 11: Can A Soft PPI Sink USD Further, Send Gold to $3,300?” →

Ripple: XRP Falls like Humpty Dumpty

Posted on April 11, 2025 by Olumide Adesina

The Ripple-based token breached below the key support level amid weakened appetite for risk. Market action reveals a pronounced tug-of-war between bulls and bears as the remittance-based altcoin attempts to regain significant levels.

A clear indicator of the sharp drop in account-to-account transactions is a decline in user engagement and network utility, reflected in the steep decrease in XRP payment volume.

Volume analysis denotes a notable spike in buying activity during the $1.7 to $2 bounce, indicating high levels of buyer interest at lower price points. Bullish momentum is evident in the tall green candles that formed during this rally, especially those that penetrated the mid-Bollinger Band.

The price of XRP is likely to fluctuate between resistance at $2 and critical support at $1.9. A hold and break above $2 amid high volume could trigger a movement towards $2.25, especially if the MACD’s momentum continues to rise.

Conversely, if XRP fails to hold above $1.96, it may revisit the $1.87 or even $1.78 level.

Concurrently, on-chain decline is occurring as XRP faces challenges on the price charts. After briefly moving above $2, XRP has fallen below this psychological level again and is currently trading at approximately $1.9.

The price action appears weak as it struggles to maintain the momentum necessary to break free from the downward price channel that has characterized the asset’s trend since late 2024. After briefly exceeding $2, the token has again dropped beneath this psychological threshold.

Forex Signals Brief April 10: Inflation Can Add Further Drama to Stock and Bond Market

Posted on April 10, 2025April 9, 2025 by Skerdian Meta

Though uncertainties surrounding global trade and inflation persist, for now, market bulls can claim a decisive win. How long the momentum lasts will depend on whether this week’s CPI data confirms a disinflationary trend—and whether the trade truce holds.

US CPI inflation is expected to cool off to 2.5%

Continue reading “Forex Signals Brief April 10: Inflation Can Add Further Drama to Stock and Bond Market” →

US Senate confirms Paul Atkins, as SEC Chairman

Posted on April 10, 2025 by Olumide Adesina

The US Senate confirmed President Donald Trump’s nominee, Paul Atkins, as chair of the Securities and Exchange Commission in a 52-44 vote along party lines.

Atkins’s confirmation on April 9 follows Trump’s appointment of the pro-crypto former Wall Street consultant to lead the agency late last year. He also served as an SEC commissioner from 2002 to 2008.

”A veteran of our Commission, we look forward to him joining us, along with our dedicated staff, to fulfill our mission on behalf of the investing public,” the agency’s commissioners wrote in an April 9 statement.

Atkins founded the financial consulting firm Patomak Global Partners in 2009, specializing in regulatory compliance and risk management, and served as co-chair of the crypto advocacy group Token Alliance from 2017 until late 2024.

After he is sworn in, Atkins will take over from Mark Uyeda, who has been the SEC’s acting chair since January 20, following former chair Gary Gensler’s resignation.

Gensler’s tenure witnessed the SEC launching multiple lawsuits and investigations against crypto firms over alleged breaches of securities laws. Tim Scott, the chairman of the Senate Banking Committee, expressed confidence that Atkins would continue the SEC’s crypto-friendly stance from the Trump administration.

Additionally, Atkins will clarify regulations related to digital assets, fostering American innovation and ensuring our competitiveness in the global marketplace. Under Trump, the Gensler-led SEC halted several crypto-related investigations and enforcement actions and established a Crypto Task Force to advise the industry on regulations.

Atkins is expected to take a different approach, stating during a Senate confirmation hearing in March that “providing a firm regulatory foundation for digital assets through a rational, coherent, and principled approach” would be a top priority at the SEC.

Ripple: XRP Runs Faster than a Cheetah

Posted on April 10, 2025 by Olumide Adesina

Ripple’s token posted solid gains amid positive news from the U.S presidency.

President Donald Trump declared that all tariffs would be suspended for 90 days. However, China and other non-negotiating nations that impose reciprocal tariffs on the US are not included in this announcement.

In a short time, the price of XRP rose by a fifth and once again broke above the $2 mark. Speculative trading was not the sole factor driving this rally; some analysts have also attributed the price increase to a shift in investor sentiment caused by the macroeconomic implications of the tariff suspension.

The administration explained that this move aims to increase the liquidity of international trade, stabilize the American economy amid global conflicts, and relieve the financial strain on domestic producers and consumers.

Key indicators have been rising, potentially signaling a future bullish trend. The XRP network is growing stronger.” At the end of March, this figure was less than 6.23 million, with an all-time high (ATH) of 6.26 million addresses holding at least one token.

Market participants perceived the announcement as a sign of increasing trade policy stability, which would reduce global market uncertainty.

In this context, a capital inflow benefited assets like XRP, which often respond to macroeconomic and regulatory developments. The price increase of XRP following the tariff announcement underscores how entrenched digital assets are becoming in the global financial system.