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BTC & XRP Shine Ahead Of Trump’s Inauguration

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2 months ago

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The dynamic realm of crypto has concluded another week, primarily with traders and investors rejoicing amid a broader market recovery. Bitcoin (BTC) price resurged to the $105K level as the week closed, whereas Ripple’s XRP witnessed gains of nearly 30% in the past seven days. Further, the new meme coin TRUMP has emerged as the talk of the cryptocurrency town, surging phenomenally ahead of Donald Trump’s upcoming presidential inauguration.

So, let’s delve deeper into some of the most buzzworthy crypto market updates reported by CoinGape over the past week.

BTC & Crypto Market Carry Momentum Ahead Of Donald Trump’s Presidential Inauguration

Notably, a pro-crypto wave appears to have engulfed the broader market as Donald Trump is set to take office on January 20. The 47th U.S. president’s pro-cryptocurrency stand and immense support for digital assets have significantly impacted the market. Amid soaring optimism in light of Trump’s presidential inauguration, BTC and top crypto prices recovered following a recent waning action, further underscoring the Republican’s influence on the market.

BTC price gained over 10% in the past seven days and exchanged hands at the $105K level as the week closed. ETH price gained slightly by 3% during the same period, closing the week at the $3,370 level. Simultaneously, Solana closed the week at around $257, a massive 37% surge in the past seven days. Also, meme coins such as SHIB and DOGE pumped 5%-20% over the past week. As mentioned above, the rising trajectories fall in line with Donald Trump’s upcoming presidential inauguration.

Moreover, in light of this saga, Oklahoma recently introduced a Bitcoin Reserve Act, further bolstering support for the asset amid a bullish market. Additionally, CoinGape reported that even Wyoming proposed legislation to allow state funds’ investment in BTC. Overall, the abovementioned developments as the Republican is set to commence his presidential term have underlined a bullish impact on the crypto market.

Ripple’s XRP Hovers Above $3

Simultaneously, Ripple’s native coin has emerged as another hot buzz in the market, surging 28% over the week to close at $3.26. The crypto leverages a broader bullish momentum as the 47th U.S. president is set to begin his term, as mentioned above. Besides, a stockpile of other developments garnered additional attention toward the digital asset.

Notably, the odds of an XRP ETF have gained significant weight amid Gary Gensler’s exit. As per Nate Geraci, filings for ProShares Leveraged & Inverse XRP ETFs and ProShares XRP Futures ETF have been submitted recently. This development has ignited considerable market optimism surrounding Ripple’s coin.

Further, Ripple co-founder Chris Larsen has reportedly moved $60.54 million XRP from his wallet, sparking discussions amid new filings in the lawsuit against the SEC. Intriguingly, even Ripple whales moved over 130 million tokens as both parties agreed to file stipulations regarding cross-appeals, and the SEC filed its new opening brief. Altogether, the abovementioned events emerged as some of the most impactful news for the Ripple community this week.

TRUMP Meme Coin Gains Traction

On the other hand, Donald Trump announced the TRUMP meme coin launch this week, sparking additional discussions. Notably, the Official TRUMP coin witnessed a phenomenal 3000% uptick within just 20 hours, reaching right behind Pepe Coin in terms of market cap. The token’s rising popularity ahead of the presidential inauguration has further raised eyebrows among traders and investors globally.

Meanwhile, it’s also noteworthy that the whale accumulations for the new meme coin on Solana have witnessed a remarkable rise, sparking optimism over the asset’s future movements. Overall, the abovementioned events are among the most impactful news across the crypto market over the past week.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Confirms XRP Price Is Still On Path To $130

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37 minutes ago

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March 20, 2025

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Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, the analyst alluded to a previous analysis, in which he predicted that XRP could reach $130, a move which confirms that the altcoin is still on the path to this ambitious target.

XRP Price Set To Rally To $130

In an X post, Egrag Crypto confirmed that the XRP price could rally to $130. He alluded to a previous analysis in which he predicted that the altcoin could rally to this target while stating that only a few understand what is coming for the altcoin. Back then, the analyst had highlighted $130 as one of the massive macro targets as XRP eyes a parabolic breakout.

He also raised the possibility of XRP entering its most explosive phase yet and added that the “eruption is near.” Indeed, XRP might be about to enter its most explosive phase, considering that the US SEC has agreed to drop the Ripple lawsuit. This development is very bullish for the XRP price, as the long-running legal battle had negatively impacted the altcoin during the 2021 bull run.

In another X post, Egrag Crypto revealed how XRP could rally to as high as $8 in the midterm. He stated that a close above $2.66 would be a good sign, followed by another close above $2.97, which would be a second bullish confirmation.

The analyst asserted that the ultimate confirmation for a bullish trend would be a close at $3.40. Egrag Crypto stated that the next targets are between $5 to $8 if XRP hits $3.40, which is the current all-time high (ATH).

What Next For The Altcoin As Key Structure Holds

Crypto analyst CasiTrades revealed that the XRP price has held its structure. She noted that the altcoin took a strong dip to a local 0.5 retracement level but held structure right where it needed to. She added that even with the break below $2.40, XRP respected the channel structure and closed at the 1.236 extension for Wave C.

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The analyst remarked that this price action is textbook Wave 4 behavior and, as long as XRP doesn’t witness further breakdowns, new highs could be loading. She warned that this is still a critical moment. If the channel continues to hold, CasiTrades predicts that the altcoin should make a push toward $2.65 to $2.70 with the breakout.

She again affirmed that $2.70 is the next major level to flip to support to continue the macro trend up towards ATH. The analyst revealed that the $2.45 price level is the resistance that will help confirm this push. Coincidentally, XRP is currently testing this level. CasiTrades warned that if the altcoin can’t break it, it could record another dip to the deeper 0.618 retracement level at $2.36.

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Regardless of any dip, the crypto analyst asserted that the XRP price remains bullish on the macro degree, sitting above its major 0.382 retracement level at $2.25. She remarked that new highs above $3.40 should be printing soon.

Besides the SEC’s decision to drop the Ripple lawsuit, fundamentals such as Bitnomial’s launch of XRP Futures contracts also provide a bullish outlook for the altcoin and could spark a significant price surge.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Why Is Solana Price Up 6% Today?

Published

17 hours ago

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March 20, 2025

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Solana price has gained by a strong 6% in the last 24 hours moving to $135 amid the optimism surrounding the launch of futures Solana ETF by Volatility Shares on Thursday. As a result, traders have charged in with daily trading volumes for SOL surging by 61% to more than $3.57 billion.

Solana Price Action Draws Trader Interest, Is Bottom In?

Today’s Solana price action happens along with significant trader interest in the altcoin. Popular crypto analyst Ali Martinez pointed out that the Solana futures open interest has shot up to $2.7 billion, the levels last seen in October 2024. This shows a renewed interest in the Solana derivatives market while signaling growing participation from investors and traders alike.

Source: Ali Charts

After hitting the highs of around $270 in November 2024, the Solana price corrected more than 50% from the top in just the last four months. However, market analysts believe that SOL is showing signs of a bottom formation, and could reverse its trajectory from here onwards.

As shown in the below image, the Solana price has broken out of the converging triangle pattern. As a result, the immediate target on the upside could be in the range of $150-$180. Once the bulls successfully cross this range, we can see another leg of the rally to %260 and beyond.

Source: Trader Tardigrade

Tuesday’s FOMC meeting saw the Federal Reserve keeping interest rates unchanged at 4.5%, which is the expected line. Bitcoin and the broader crypto market took this as a positive indicator with investors showing strength. The current SOL price prediction by analysts suggests that the bullish sentiment is once again picking up with the hope of an altcoin market revival.

Solana ETFs Go Live Today

In a major development for the crypto community, Florida-based investment giant Volatility Shares will bring the first-ever futures Solana ETFs to the US market. This marks the stepping stone for getting the spot ETF products into the market in the future. This is the same trajectory that was followed to bring spot Bitcoin ETF and spot Solana ETF to the market.

Volatility Shares LLC will introduce two Solana Futures ETFs with tickers – SOLZ and SOLT. Here, the standard Solana ETF (SOLZ) will directly track Solana futures, while the leveraged Solana ETF (SOLT) will provide investors with double the exposure to Solana price movements.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Why Is Tron Price Up 7% Today?

Published

2 days ago

on

March 19, 2025

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Tron’s native cryptocurrency TRX is up by 7% today after founder Justin Sun announced plans to double down on building the meme ecosystem on the blockchain. this announcement was enough to push the Tron price higher with daily trading volumes surging 62% to more than $1.23 billion. Over the last two days. TRX has seen a sharp recovery of 15%, bouncing back from the support of $0.21.

Tron Price Rally to $1 Coming?

As Justin Sun prepares for the comeback of the meme coin ecosystem on the Tron blockchain network, analysts are predicting a Tron price rally to $1 and above. Popular crypto analyst Javon Marks has projected a bullish outlook for TRON (TRX) stating that the altcoin is preparing to hit its logarithmic-measured breakout target at $1.11.

Source: Javon Marks

Marks highlighted that TRON price trajectory suggests significant potential for gains, with an estimated 516% upside from current levels required to reach the predicted target. Last week Justin Sun also stated that TRX will hit new all-time highs very soon.

On the other hand, social analytics platform LunarCrush stated that the social and market activity on the Tron blockchain network has surged significantly following the TRX price surge. Tron now accounts for 1.05% of all crypto-related discussions, reflecting heightened community interest. TRON’s robust metrics highlight its growing prominence as both investors and the community focus on its upward momentum.

Source: LunarCrush

Tron DAO Meme Coin Frenzy Heating Up

Tron’s meme token ecosystem is experiencing a resurgence, fueled by confidence from Justin Sun, founder of the Tron blockchain. Yesterday alone, 122 new tokens were launched on the SunPump.meme platform, marking the first time in four months that daily launches exceeded 100.

To date, 95,573 tokens have been created, generating 36,374,191 $TRX in fees, equivalent to $5.74 million. Furthermore, the activity on the TRON DAO continues to soar, signaling a strong and growing interest in Tron’s meme token ecosystem.

Source: On-Chain Lens

Commenting on this development, Justin Sun wrote: The first rule of making memes on Tron: I will not personally profit a single cent from memes. Any losses will be fully covered by myself, and all proceeds will be donated.

Getting TRX to Solana

In another announcement, Justin Sun revealed plans to bring TRX, Tron’s native cryptocurrency, to Solana’s blockchain in the coming weeks. Although the announcement lacked specific details or a definitive timeline, it has sparked excitement among both TRX and Solana communities.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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