South Korea plans to tax crypto gains above 2.5 million won at 22% from 
January 2027, with exchanges preparing investor reporting rules now.

Crypto traders face 22% tax as South Korea locks 2027 timeline

Crypto analyst Dark Defender has alluded to history to predict a 1,008% rally 
for XRP, which could send its price above $10. This comes as the altcoin looks 
to build a base at $1.4 amid the recent recovery in the crypto market. XRP 
Eyes Rally Above $10 As Price Looks To Mirror Past Gains In an X post, Dark 
Defender predicted that XRP could record a 1,008% gain, rallying to as high as 
$18. This is expected to be similar to the gains that XRP recorded in the 2021 
bull run, when it rallied to $1.72. The analyst noted that history doesn’t 
repeat itself but that it rhymes, which is why the altcoin could see a similar 
gain. Related Reading: XRP Price Is Replicating The 2017 Trend And The 
Implications Are Parabolic Notably, the analyst had earlier noted that XRP is 
maintaining the primary structures and levels and that a correction on the 
weekly time frame is technically over. Based on this, he declared that a 
directional move is inevitable as long as $1.31 is maintained. XRP is 
currently holding above $1.40 amid Bitcoin’s rally to as high as $82,000. The 
recent crypto market recovery has provided optimism that the bull market may 
be back. Crypto analyst ChartNerd also provided insights into XRP’s current 
price action as the altcoin eyes a rally to new local highs. In an X post, he 
stated that XRP’s multi-month compression range is tightening while the weekly 
20/55 EMAs sit above as resistance. The analyst further remarked that a 
successful breakout of this structure toward $1.80 would mark a critical 
inflection point. However, he warned that liquidity hotspots suggest 
alternative short-term price scenarios. Analyst Points To Symmetrical Triangle 
On XRP’s Chart In an X post, crypto analyst Egrag Crypto said that the 
symmetrical triangle on XRP’s chart is becoming impossible to ignore. This 
came as he noted that the price keeps compressing tighter and that this type 
of structure historically leads to a violent expansion move. The analyst 
further remarked that the measured targets are becoming crystal clear, but the 
$1.80 to $1.90 zone is a major resistance to this expansion. Related Reading: 
Bitcoin And XRP Are Seeing A Surge In Adoption, Here Are The Numbers Egrag 
Crypto explained that this zone is not just a resistance but also a macro 
trend barrier. The analyst predicted that XRP could see a rapid move to $2.30 
if the altcoin breaks through this zone with conviction, especially with 
support bouncing from the White Line structure. However, he added that he was 
still leaning toward the “fake pump” scenario first, despite this bullish 
setup for the altcoin, as it tends to trap breakout traders before the real 
move. At the time of writing, the XRP price is trading at around $1.41, down 
in the last 24 hours, according to data from CoinMarketCap. Featured image 
from Freepik, chart from Tradingview.com

XRP History Is About To Repeat Itself And Price Could Rally 1,008% To Cross $10

Solana price rallied nearly 8% over the past week but faced resistance at $90 
on Thursday. Can the token finally break past the key psychological barrier 
with a bullish MACD crossover approaching? According to data from crypto.news, 
Solana (SOL) price…

Can Solana price break $100 as bullish MACD crossover approaches?

Core Scientific (NASDAQ: CORZ) is expanding its Oklahoma footprint through a 
$421 million acquisition of a neighboring bitcoin mining operation, as the 
company races to assemble gigawatt-scale power capacity for AI and high- 
performance computing customers. This article first appeared in The Energy 
Mag. The original article can be viewed here. The Energy Mag (formerly The […]

Core Scientific Buys Polaris Bitcoin Mine for $421M Oklahoma AI Power Expansion

South Korea&#8217;s officials have defended its planned 22% virtual asset tax, 
calling for the levy to take effect as scheduled in 2027.
The post South Korea defends 22% crypto tax as fair amid calls to delay 
rollout appeared first on Crypto Briefing.

South Korea defends 22% crypto tax as fair amid calls to delay rollout

Reform UK leader Nigel Farage has rejected demands to disclose a £5 million 
personal gift from crypto investor Christopher Harborne, arguing that the 
payment fell outside parliamentary reporting requirements. According to 
comments Farage gave to broadcasters on Tuesday, legal advice…

Crypto traders face 22% tax as South Korea locks 2027 timeline

Comments