Eric Trump warned to “stop betting” against Bitcoin and Ether as the price of Ether surpassed $4,000 for the first time in eight months.

$105M Ether shorts wipeout put 'a smile' on Eric Trump's face

After a near steady decline over the last week, the XRP price is now 
struggling as it fluctuates between bearish and bullish impulses. This 
correction is concerning as it is pushing the price downward toward a 
Fibonacci level that could spark further decline. Given this, the price must 
reclaim and hold the $3 level if there is to be any major recovery in the 
price. What’s Wrong With XRP? Crypto analyst CasiTrades outlined the 
challenges that the XRP price is currently going through and what needs to 
happen for the altcoin to regain bullish momentum. In the X post, she explains 
that the failure to rally after a brief bounce above $3 showed that there 
wasn’t more upward movement to be had. But rather, it was just part of the 
deeper corrective wave. So far, this has turned out to be the case as the 
bears were previously able to beat the XRP price below $3 again. Related 
Reading: Institutional Solana Buying Ramps Up: The Nearly $600 Million Buy 
Shaking Up SOL Following the first break below $3, the price had pushed to 
test the support at $2.75. This level is the 0.5 Fibonacci retracement level, 
and a sustained break below could trigger more crashes. As Casi explains, this 
decline was part of a larger ABC wave correction, which is inherently bearish 
in itself. However, the fact that the $2.75 remains above the Wave 1 high of 
$2.65 leads the analyst to believe that overall, the XRP price is still 
bullish. Mainly, she explains that there are now bullish divergences showing 
up on the 15-minute chart all the way to the 40-hour chart. This suggests that 
$2.75 could be the low of the latest decline. Why $3 Must Hold From Here Given 
the establishment of a possible low at the $0.75 level, the next course of 
action is to reclaim $3 and turn this resistance into support. As the crypto 
analyst explains, a rise above the $3.21 level and a sustained break are what 
is needed for confirmation that the decline is finally over. What is expected 
to follow such a move is a bullish impulse. Related Reading: XRP Price 
Projection: 5 Key Things To Watch Out For As The Bull Market Unfolds If this 
trend does play out, then the expectation is that the XRP price will be headed 
for new all-time highs from here. The crypto analyst sees an initial target of 
$4, which would mean its highest point in over seven years. Then, after that, 
a possible surge to $4.60-$4.80 serves as the final target. Featured image 
from Dall.E, chart from TradingView.com

XRP Still Has A Shot If It Can Hold This Level

According to local media reports, the Brazilian central bank had to abandon 
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BlackRock hasn’t filed for a Solana ETF, but ETF analyst James Seyffart says 
they shouldn’t be allowed to jump in at the last minute after other issuers’ 
hard work.

BlackRock launching a SOL ETF in first wave would be 'messed up' — Analyst

The token, which took the meme of a guy having the time of his life in Ibiza, 
made popular as the Ibiza Final Boss, has risen over 1,600% since it was 
included on Coingecko, showing that while BTC and ETH dominate the headlines, 
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BlackRock&#8217;s cautious stance on expanding crypto ETFs beyond Bitcoin and 
Ethereum may slow broader market diversification and innovation.
The post BlackRock rules out XRP and SOL ETFs despite Ripple-SEC case closure 
appeared first on Crypto Briefing.