Category: Crypto market

Forex Signals October 1: Euro CPI Inflation, US ADP Jobs and Manufacturing PMIs Today

Posted on by Skerdian Meta

Today there are several highlights in the economic calendar, such as US ADP employment, Eurozone CPI inflation and manufacturing PMI data for August. Continue reading “Forex Signals October 1: Euro CPI Inflation, US ADP Jobs and Manufacturing PMIs Today” →

XRP Goes Mainstream: SWIFT Officially Embraces Ripple in Global Payments Revolution

Posted on by Olumide Adesina

XRP’s long-standing claims that it would eventually replace or be used by the global payments giant for payments have been refuted by SWIFT’s announcement of its new blockchain ledger.

 

SWIFT announced plans to integrate a blockchain-based shared ledger into its infrastructure at its annual conference in Frankfurt. This initiative is supported by over 30 international financial institutions, including notable names like JPMorgan, HSBC, Santander, and Deutsche Bank

Integrating the XRP Ledger (XRPL) would improve the flexibility of both platforms as organizations transition from outdated frameworks to digital asset-based systems, which already connect to various blockchains through SWIFT’s infrastructure.

The ledger will function as an ongoing, real-time record of global transactions. Its main goal is to enable interoperability between existing fiat rails and digital asset ecosystems. Developed in partnership with Consensys, the system will utilize smart contracts to govern transaction rules while the ledger records and authenticates payments across networks.

SWIFT CEO Javier Pérez-Tasso described the move as “allowing financial institutions to improve the payments experience.” Ripple promotes XRP and its underlying technology as a faster, cheaper, blockchain-powered alternative to SWIFT.

According to Dan Morehead of Pantera Capital, Ripple is “going after SWIFT.” Ripple executives have echoed this focus; Senior VP Eric van Miltenburg stated in January that a “SWIFT-like update” is what Ripple is working on. CEO Brad Garlinghouse has claimed that within five years, the XRP Ledger could “capture 14 percent of SWIFT’s” transaction volume.

CryptoQuant data shows that Binance’s reserves increased from 2.9 billion XRP to 3.6 billion XRP, a 19.4% rise.

XRP fell from $3.18 on September 13 to about $2.84 on September 30, matching the increase in XRP reserves on exchanges. An increase in exchange reserves often signals upcoming selling pressure. When investors plan to sell, they usually transfer their assets to exchanges.

This suggests that investors are becoming less optimistic about XRP’s ability to sustain its upward trend.

Hood Stock Hits New Record High as Crypto and Q2 Beat Fuel Rally

Posted on by Skerdian Meta

The fintech giant’s stock has surged to new record highs thanks to Robinhood’s impressive quarterly performance, which was driven by growth in cryptocurrency trading and positive analyst opinion.
Continue reading “Hood Stock Hits New Record High as Crypto and Q2 Beat Fuel Rally” →

Forex Signals Sept 29: PCE Inflation to Test Fed’s Patience on Policy and TSLA Sales

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This week’s economic calendar is packed with pivotal Jobs data such the NFP that could influence not only U.S. monetary policy expectations but also global market sentiment.

Continue reading “Forex Signals Sept 29: PCE Inflation to Test Fed’s Patience on Policy and TSLA Sales” →

Ripple’s XRP Poised for Major Rally, Bulls Ready to Break Bank

Posted on by Olumide Adesina

XRP has one of the strongest communities, according to cryptocurrency tycoon Mike Novogratz. Galaxy Digital CEO Mike Novogratz acknowledged that he did not believe XRP would survive the SEC lawsuit. When Novogratz said, “XRP has one of the strongest communities there is,”.

Brad Garlinghouse, the CEO of Ripple, has received praise from the Galaxy CEO for resolving legal issues and preserving the community.

 

Novogratz has recalled that he once ignored the token because of its cult-like fan base. He later realized, though, that this is only half of what cryptocurrency really is. “After 2008, people lost faith in governments. We are finding trust in these online crypto communities because we have so little trust.”

Novogratz said. He went on to say that cult-like communities support all of the successful cryptocurrencies. This distinguishes cryptocurrency from the stock market because individual stocks don’t often have such ardent supporters.

According to Novogratz, XRP’s remarkable performance makes it the best token available for purchase after November 2024. Additionally, Novogratz said, “Who would have ever guessed that?”. In contrast to the stock market, he has also noted that the token is never too costly for the XRP community.

Novogratz has changed his mind about XRP, despite his initial skepticism, because of what he saw as its lack of decentralization. The comment from Novogratz was, “Who am I to judge where people want to store their money?”

Market analyst XForceGlobal, a certified Elliott Wave specialist, thinks that XRP’s prolonged sideways trading is preparing the market for a significant rally. The next price targets will become more robust the more XRP consolidates within its current range.

He emphasized that sustained accumulation by long-term holders is a sign of a bull market poised for a significant breakout. Recently, XForceGlobal tweeted that “more accumulation equals more bullish.”.

He emphasized the persistent absence of selling pressure as a crucial indicator of market strength. XRP has emerged from a long-term triangle pattern. Waves (3), (4), and (5) of the potential five-wave advance are predicted by the analyst using Elliott Wave theory to propel XRP in the upcoming months.

Ripple Price Prediction: XRPL Joins Top 10 DeFi Chains, XRP Rebounds from Support

Posted on by Skerdian Meta

With the SEC’s expedited spot ETF approvals and Ripple’s expanding institutional reach, XRP, which has been stable at high technical support levels, is gaining fresh optimism.
Continue reading “Ripple Price Prediction: XRPL Joins Top 10 DeFi Chains, XRP Rebounds from Support” →

BlackRock, Morgan Stanley Toasts Ripple, But XRP Crash: SEC Delays or Sell-Off Sabotage?

Posted on by Olumide Adesina

The Ripple network’s native token, XRP, experienced a sharp decline in late September 2025, dropping about 5% in a single, intense trading session. The next potential support level could be at $2.75. Despite broader market volatility, XRP is up nearly 400% YoY and is trading between $2.80 and $2.90 as of September 28.

A risk-off atmosphere has affected the cryptocurrency market, as evidenced by the 227 percent decline in the global market capitalization to $374 trillion as of September 26.

Ninety percent of the $17 billion in derivatives liquidations that followed a flash crash on September 22 came from long positions. Institutional liquidations totaling $15–$19 billion have increased selling pressure on altcoins, including XRP, since July.

s, XRP has been pulled lower by Bitcoin’s decline (down 4-5 percent). Altcoin RSIs average between 35 and 85 (oversold), reflecting the Fear and Greed Index at 32 (Fear).

 

Major financial firms have shown strong interest in Ripple’s ecosystem, which many believe could help XRP increase.

Morgan Stanley’s Research: The firm has examined Ripple’s ability to challenge SWIFT and similar systems. Opportunities to expand Ripple’s partnerships have led to forecasts that BlackRock will facilitate Ripple, allowing BlackRock to offer RLUSD. BlackRock will also be able to provide USDC redemptions and Snap Liquidity facilities.

New BlackRock Partnerships: BlackRock has teamed up with Ripple to enable redemptions of shares from BlackRock’s tokenized money market fund in exchange for Ripple’s RLUSD stablecoin through Securitize.

This partnership allows on-chain RLUSD stablecoin redemptions sourced from BlackRock’s USDC, providing access to Snap Liquidity facilities and RLUSD.

This new facility will be connected to the DeFi money market and later to the XRP ledger. BlackRock’s Director of Digital Assets, Maxwell Stein, will also speak at Ripple’s conference, Swell, in November. BlackRock has requested that Ripple integrate DeFi facilities into the XRP ledger and USDC. These developments fuel speculation about monetizing XRP through an ETF, since BlackRock asked Ripple to incorporate DeFi facilities into the XRP ledger.

 

BlackRock Weighs In on Ripple’s XRP ETF Push

Posted on by Olumide Adesina

BlackRock is at the center of the speculative fervor in the cryptocurrency community over the possibility of a spot XRP exchange-traded fund (ETF). The world’s biggest asset manager has made strategic moves in digital assets, and any indication of interest causes market tremors.

BlackRock’s Global Head of Digital Assets, Robbie Mitchnick, was questioned by ETF Store president Nate Geraci about the company’s strategy for future crypto ETF products, including the potential for spot XRP and Solana funds, during an interview featured by Good Morning Crypto host Abdullah Nassif.

After a formal regulatory framework is established, Geraci speculated that BlackRock may be holding off on applying until the last minute.

Mitchnick’s response highlighted BlackRock’s well-known prudence. He explained that the main factors influencing any new product launch remain market conditions and investor demand. BlackRock will only consider filing for an XRP ETF when based on client interest, market maturity, liquidity, and the strength of the asset’s long-term investment thesis. This is the same careful approach the company used to build infrastructure and exposure quietly before launching its successful spot Bitcoin ETF.

XRP faces specific regulatory hurdles, despite the SEC’s recent adoption of general listing standards that hasten the approval process for spot crypto ETFs.

Mitchnick acknowledged that BlackRock closely monitors regulatory changes, although Ripple and major U.S. financial institutions have stayed cautious due to ongoing concerns about XRP’s classification, even after the SEC’s lengthy legal battle ended.

ETH Dips Under $4K as Ethereum Co-Founder Plans $6M Sell-Off

Posted on by Olumide Adesina

Jeffrey Wilcke, a co-founder of Ethereum, may be selling some of his Ether holdings after transferring about 1,500 ETH to the cryptocurrency exchange Kraken on Thursday.

 

According to the on-chain analytics platform Lookonchain, Wilcke sent the cryptocurrency exchange 1,500 ETH, which is valued at approximately $6 million. It happened when Ether’s price fell from $4,000 to $3,900. Cryptocurrency is not always sold when it is moved to an exchange deposit address.

Wilcke had sent $9.22 million in Ethereum to Kraken in August. In the past, he had sent Kraken $262 million in Ethereum.

Lookonchain conjectured at the time that he probably transferred the same sum to eight brand-new wallets instead of selling them. Wilke has since reposted a comment on X, though, in which a user speculated that “he will sell more in the future.”

In addition to being a co-founder, Wilcke actively participated in Ethereum’s development between December 2013 and March 2018. Wilcke’s recent fund movements are nothing in comparison to recent Ether whale purchases. At least 15 wallets have purchased more than 406,000 ETH, valued at $1.06 billion, in the last two days, according to Lookonchain, suggesting that whales are taking advantage of the current market downturn, which has caused the price of ETH to drop 13% over the last seven days.

The wallets purchased Ethereum from digital asset services provider BitGo, digital infrastructure provider Galaxy Digital, digital asset broker FalconX, and cryptocurrency exchange Kraken.