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Crypto Analyst Sees Solana Hitting $2K—Is a Breakout on the Way?

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  • Crypto analyst CryptoCurb predicts that Solana could reach a price of $2,000 based on current growth trends.
  • Solana is trading at $140 with strong network activity and rising trading volume.
  • Analysts expect a short-term breakout to $150 as user adoption and capital inflows grow.

Solana is gaining momentum as bullish trends continue to strengthen across its ecosystem. Crypto analyst CryptoCurb projects a sharp rise in Solana’s value. According to him, SOL could reach $2,000 based on current data and adoption trends.

Short-Term Upside Points to $150 Before Long-Term Surge

At present, Solana holds a market valuation of $140 as user activity on its network increases and trading volumes expand. Investment analysts anticipate Solana prices will cross $150 in the near future due to increasing buying momentum. Numerous network entities and user subscribers affirm a positive short-term price trajectory for Solana.

A 36% increase in the daily trading volume within 24 hours provided evidence that network activity increased simultaneously as market demand grew. The amount of contracts open on Solana surged 10% past $5.5 billion because major investors have begun to return to the marketplace. Historical market data indicates price jumps will occur after this type of increase.

The introduction of the first SOL ETF during the Canadian launch instilled additional strength into this market trend. Wider market exposure to Solana became possible through ETFs, which boosted both price movement and network expansion further. Numerous market analysts think this advancement will establish the basis for the upcoming price surge.

Solana Network Activity Outpaces Rivals

Solana emerged as the most active blockchain platform after reaching 28.4 million active addresses weekly based on seven-day pacing. During this time, Solana completed 369 million transactions, exceeding Tron, BNB Chain, Base, and Bitcoin. High usage combined with increasing practical usage patterns indicates a strong trend.

The Web3 market maintains high interest in Solana because of its fast performance capabilities, which drive diverse Web3 projects toward gaming finance and decentralized applications sectors. Developers choose Solana because they can benefit from its inexpensive transaction fees and quick processing speeds, which drive overall ecosystem expansion. These beneficial features maintain higher adoption levels.

Major DeFi and NFT platforms have fully integrated Solana as the central infrastructure of their operations. Upgrades that run persistently allow the network to prevent system slowdowns and outages for enhanced reliability. Such reliability has made Solana an attractive solution for Web3 scalability development.

$2,000 Price Target Hinges on Adoption and Market Trends

CryptoCurb examines Solana’s market development using the performance data from Ethereum’s previous bull market. According to him, Ethereum attained a $600 billion market value even though it faced scalability challenges during its development. The faster protocol of Solana aims to attain a $1 trillion valuation when its value reaches $2,000.

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Source: X

According to his assessment, Solana stands to surpass Ethereum in the future when steady adoption growth occurs. SOL will establish itself as the number one altcoin because of its solid foundation, growing network data, and higher capital inflows. Solana’s projected growth trajectory follows the historical track of Ethereum’s market expansion.

The CryptoCurb team foresees a rapid market movement while refusing to disclose any specific date for its occurrence. Major price movements will occur when markets interact with user base expansion. The given momentum strength suggests a rising chance of reaching the $2,000 price target.

Solana (SOL) Price Shows Signs of Strength, Could Be Poised for Breakout

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  • Solana holds strong above $114.57, a critical support level, with bullish price action and long lower wicks signaling buyer strength.
  • Technical indicators like RSI and AO hint at a potential breakout, with targets at $135 and possibly $180 if momentum builds.
  • Early BTC investor Davinci Jeremie predicts a 20x surge, citing Solana’s growing meme coin ecosystem and organic traction.

The Solana (SOL) cryptocurrency is showing promising signs of a potential bullish reversal after bouncing back from a key support level of $114.57. Currently trading at $119.73, Solana has held this crucial support for several days, sparking optimism among traders and investors. With a series of technical indicators pointing towards a possible breakout, Solana’s price movement has caught the attention of both market participants and well-known investors.

SOL 1D graph coinmarketcap 2

The $114.57 support zone has become a critical point for Solana’s price action, drawing the attention of technical analysts. According to Ether Wizz, a prominent analyst in the crypto space, this support zone has proven to be a major pivot for SOL’s price in recent weeks. The cryptocurrency has been consistently bouncing off this level, showing long lower wicks on the daily chart. These wicks indicate that bullish pressure is emerging from this level, as buyers continue to push prices above $115.

image 53

The $114.57 support zone is a critical level for Solana, having previously acted as strong resistance throughout 2023 and early 2024. This historical pivot now serves as a foundation of buyer interest, reflecting a shift in market sentiment. As long as this support holds, Solana has room to climb first toward the $135 resistance level, and if momentum builds, a potential push to $180 could follow.

Early Bitcoin Investor Predicts 20x Solana Surge

Solana’s recent price action has also captured the attention of prominent investors, including Davinci Jeremie, an early Bitcoin supporter. Jeremie, who gained recognition for his Bitcoin prediction back in 2011 when BTC was priced at just $1, has made a bold forecast for Solana. In a recent post on X, Jeremie suggested that Solana’s price could surge by 20x. His optimistic prediction is based on the growing interest in Solana-based meme coins, which he believes could drive significant organic traffic to the blockchain.

Jeremie highlighted the success of Solana-based Trump-themed meme coins as a key driver of Solana adoption. Unlike Ethereum, he sees Solana as better positioned to benefit from a potential meme coin surge. Despite a recent slowdown, he’s confident altseason could reignite interest in Solana’s ecosystem.

In addition to strong technical signals and investor optimism, Solana has experienced significant growth in its DeFi sector. According to DeFiLlama, Solana’s Total Value Locked (TVL) recently reached $56 million, marking its highest level in nearly three years. This surge in TVL reflects higher investor confidence and an increase in the use of Solana-based DeFi protocols.

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The rise in TVL signifies that more users are staking their tokens in decentralized finance applications, which not only boosts the demand for Solana but also reduces the circulating supply of SOL in the market. This reduction in supply, coupled with increased user demand, could positively influence Solana’s price moving forward.

Solana Eyes Bullish Reversal Toward $180

Technical analysis suggests that Solana could be poised for a trend reversal. The Relative Strength Index (RSI), a popular momentum indicator, currently reads at 44, indicating that the market may be slightly oversold. However, the RSI has been gradually moving upward, signaling that buying pressure may be starting to build.

Additionally, the Awesome Oscillator (AO) is showing signs of a potential buy signal. Although the AO remains in the negative territory, the histogram’s curve is shifting from red to green, suggesting that momentum could be turning in favor of the bulls.

Ether Wizz has also pointed out the possibility of Solana breaking through the $135 resistance level. If Solana successfully clears this hurdle, the next target could be a significant move towards $180, marking a possible breakout for the altcoin.

Related | Bitcoin Outshines Gold as a Store of Value Amid Market Crisis 

BONK Continues to Outperform SOL and Leading Memecoins

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  • BONK continues to show resilience, outperforming other memecoins even in market downturns.
  • Acts as a leveraged bet on Solana’s growth without the risk of liquidation.
  • Institutional interest and an upcoming ETF decision could be major price catalysts.
  • BonkBot’s buy and burn mechanism supports long-term price stability.

BONK has once again proven its dominance in the memecoin sector, showing incredible strength against Solana (SOL) and other top-tier tokens. Even in the slightest market bounce, BONK has consistently surged ahead, making it one of the most resilient assets in the current crypto landscape.

While many memecoins have struggled through recent downturns, BONK has held its ground, reinforcing its position as the leading memecoin within the Solana ecosystem.

What sets BONK apart is its ability to act like a three-times leveraged bet on SOL’s performance without the risks of liquidation. Investors seeking exposure to Solana’s growth have increasingly turned to BONK as a more accessible and potentially higher-reward alternative.

Its market cap has also displayed remarkable stability, holding strong at around $1 billion even during harsh corrections, whereas many other memecoins of similar size saw their valuations drop significantly.

Institutional Interest and Staking Model Drive BONK’s Growth

One of the biggest catalysts for BONK’s potential growth is its institutional interest. It remains one of the only memecoins with an ETF filing, alongside Dogecoin and TRUMP.

A decision on its approval is expected by April, which could serve as a major price catalyst. Additionally, the BONK ETP has already been approved and is anticipated to launch soon, further solidifying its position in the market.

image 174 17
BONK Continues to Outperform SOL and Leading Memecoins 6

Another key factor contributing to BONK’s long-term sustainability is BonkBot, a high-fee-generating dApp that creates continuous buy and burn pressure. In some months, this mechanism removes up to seven figures worth of BONK from circulation, supporting price stability and long-term value. Additionally, BONK’s staking model is uniquely structured to reduce sell pressure.

Unlike traditional staking mechanisms that dilute supply through newly minted rewards, BONK’s staking emissions come entirely from community-driven activities such as BonkBot, Bonkswap, and the Validator. This ensures that staking rewards are sourced from market buys rather than an inflationary token issuance.

As the crypto market prepares for a potential memecoin resurgence, BONK remains one of the strongest contenders for significant gains. With a combination of strong fundamentals, institutional backing, and an ecosystem designed for sustained growth, accumulating BONK at current levels could prove to be a strategic move ahead of the next major rally.

Memecoins have historically rebounded with immense strength, and if that trend continues, BONK may be positioned to lead the next explosive surge.

Read More: Bitcoin (BTC) Eyes $90K: Is This the Start of a New Bull Run?

Solana’s Titan Soft-Launches with Zero-Fee Routing, Targeting a $152 SOL Price

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  • Titan, Solana’s first meta-DEX aggregator, launched on March 21, enabling seamless trading with zero routing fees.
  • Titan’s Talos algorithm optimizes trade execution, outperforming competitors 80% of the time in liquidity scanning.
  • SOL rebounded from $118 to $138, with analysts predicting a breakout toward $152.

Solana’s decentralized finance ecosystem is expanding with the launch of Titan, its first-ever meta-decentralized exchange aggregator. The beta platform, which went live on March 21, is now accessible to a private group of users, promising seamless trading with zero routing fees.

Unlike traditional aggregators that pull liquidity from various decentralized exchanges (DEXs), Titan aggregates quotes from multiple DEX aggregators, including industry giants like Jupiter and DFlow. This multi-layered approach ensures that traders get the most competitive pricing available on the Solana network.

One of Titan’s key innovations is Talos, a proprietary routing algorithm designed to optimize trade execution. According to Titan’s team, Talos outperforms competing solutions 80% of the time by scanning deeper liquidity pools and optimizing the order-routing process at a more granular level.

Solana
Sorurce: Titan

Tackling Solana’s Quote Slippage Problem

A major hurdle in on-chain trading is quote slippage, which happens when execution delays cause price fluctuations before a trade is finalized. Solana transactions typically take around 10 seconds (or 25 blocks) to complete, leaving room for potential price shifts.

Titan aims to mitigate this issue by continuously refreshing quotes in real-time, ensuring traders receive the most up-to-date pricing. With this mechanism in place, users can execute trades with improved accuracy, reducing potential losses from unfavorable price changes.

Titan’s aim is to provide DeFi traders with the best possible prices while abstracting away the complexity involved, ” said Chris Chung, CEO and co-founder of Titan.

titan
Source: Titan

Solana’s Price Outlook: Bullish or Bearish?

Solana’s native token, SOL, recently experienced significant volatility. After reaching a high of $298.31 in January, SOL dipped to $118 on March 11. However, it has since rebounded to $138, marking a 6% increase in the past 24 hours.

Market analysts remain optimistic about Solana’s short-term potential. Some predict SOL could reclaim the $150 level soon, citing strong technical indicators.

On March 22, crypto analyst Satoshi Flipper shared a bullish prediction on X, highlighting a symmetrical triangle pattern forming on SOL’s 4-hour price chart. This technical formation, marked by a descending upper trendline and an ascending lower trendline, signals market indecision but often results in a breakout.

Sol
Source: Satoshi Flipper

According to Satoshi Flipper, if SOL successfully closes above the upper trendline at $132, it could confirm a breakout. Applying the standard price target calculation for symmetrical triangles, SOL could surge to $152, a potential 10.41% gain from current levels.

Related Readings | Solana Hits New Adoption Record With 11.09M Holders, $200 Target in Sight

Solana’s Million-View Meltdown: The Ad That Shocked Crypto Twitter

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  • The Solana ad hit 1.2 million views before being removed hours after launch, dividing the crypto community over its anti-woke messaging.
  • Critics called the ad deletion reactive damage control, while supporters praised Solana for taking marketing risks despite the execution flaws.
  • Amidst the controversy, Solana celebrates its 5th anniversary, preparing for the Firedancer upgrade, potentially enabling 1 million transactions per second.

Solana’s recent viral ad hit over 1.2 million views before being quickly removed just hours after it went live. Whether it was a marketing misstep or a strategic attempt, the controversial ad did grab people’s attention.

The 2-minute ad captioned ‘America is back. Time to Accelerate’ seemed like a satirical critique on various societal and political topics via exaggerated humor. It contains themes like tech innovation, freedom of speech, regulation, media bias, etc. Mainly, it dives into the American culture war with an anti-woke ad.

Solana
Solana's Million-View Meltdown: The Ad That Shocked Crypto Twitter 11

Whatever the intended message was, the ad quickly gained controversy. While some praised it for its bold stand against societal absurdity, others criticized it as tone-deaf, cringe, and pandering. Despite, deleting the video, the backlash continued, many calling it a “reactive damage control.” “A brand with real values stands by its messaging. SOL’s approach? Purely situational, not principle-driven,” wrote one critic.

Another felt that the marketing team could have put much more emphasis on more profound issues rather than trivial pronoun wars.

Missed Deeper Issues and Solana’s 5th Anniversary

It would have been much more effective to focus on deeper culture war issues like the “failings of the oppressor-oppressed worldview, not surface culture war issues like pronouns.” Many people perceive the pronoun commentary as punching down, which was not likely the intention.

However, others praised Solana’s willingness to “take risks in marketing and get people talking.”

Too many big orgs are too risk averse, they are not playing to win they are playing to not lose. But the execution could have been better and sent the same deeper message without alienating a portion of the audience on surface level issues.

Meanwhile, Solana recently turned five as the network prepares for the upcoming Firedancer upgrade. Developed by Jump Crypto, the upgrade aims to dramatically increase the network’s throughput to a theoretical maximum of 1 million transactions per second.

XRP, SOL, ADA in Government? Deaton Slams SEC Role Speculations

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  • The SEC has not issued any official statement on the roles of XRP, SOL, and ADA in the government.
  • Reports falsely claimed that the SEC recognized XRP for state-level financial transactions and interbank liquidity.
  • A “Comprehensive Proposal” document on XRP was a submitted proposal and not an official SEC statement.

The US Securities and Exchange Commission (SEC) has not released any official statement on the roles of XRP, Solana (SOL), and Cardano (ADA) in the government. Reports suggested that the SEC acknowledged these assets’ potential use under the Trump administration, but XRP lawyer John Deaton dismissed these claims. The controversy highlights the need for reliable sources and official statements before accepting speculative information.

John Deaton Denies SEC XRP Recognition

Multiple reports revealed that the SEC recognized XRP holds characteristics suitable for implementing state-level financial transactions. The reports stated XRP will accelerate state payment processes and enhance liquidity between banking institutions. John Deaton rejected the reports because the SEC has never formally declared XRP suitable for financial transaction use.

Reports disclosed that the SEC had ruled the XRP digital asset as an essential financial healthcare element for the United States nation. A document named “Comprehensive Proposal: XRP as a Strategic Financial Asset for the US” was discovered on the SEC official website by scientific researchers. The analysis contained within the document that had been submitted to the SEC was not considered an official SEC document by Deaton.

The incorrect XRP statement in the crypto world caused experts to start analyzing its real legitimacy. In the beginning, the crypto community thought the SEC formally authorized XRP for financial transactions. In his interview, Deaton confirmed that the regulatory body has made no official announcement regarding this topic.

SEC Has Not Approved SOL for State Use

According to official statements, the SEC chose SOL because this blockchain technology supported swift operations necessary for government functions. Solana (SOL) reportedly enters into instant database systems to establish protected voting platforms that incorporate digital identity solutions. Deaton did not support the claims since he pointed out that the SEC had not made any official declaration of this type.

The reports explained that the SEC wanted SOL to enhance the protection features and operational efficiency of state-level digital systems. The reports indicated to many people that Solana was pursuing potential opportunities in government work with blockchain systems. The Securities and Exchange Commission has not made any statement regarding SOL’s involvement in state-level applications.

The unverified news transmission caused SOL investors and blockchain platform developer uncertainty. Investors developed the belief that Solana would secure a place in the United States digital infrastructure projects. Deaton proved the critical need for investors to validate their data by checking official, credible sources.

Deaton Clarifies ADA Government Role Misconception

ADA has received approval from the SEC according to multiple sources which allows it to authenticate degrees perform smart contracts operations and manage infrastructure securely. These reports indicate that the implementation of the ADA blockchain allows governments to provide services through secure platforms that maintain safe data along with operational efficiency. The SEC has not released any formal stance regarding using ADA, according to Deaton.

A supposedly unofficial SEC document stated that the ADA served as a security system for identity verification. The declaration prompted numerous readers to confirm that Cardano had sufficiently demonstrated readiness to handle governmental software projects. However, the United States Securities and Exchange Commission has failed to disclose official information about ADA system deployment in its work.

The cryptocurrency market began to expect more about ADA because people misunderstood its standing. Investors and blockchain users sought to understand whether Cardano had secured official recognition from the government. According to Deaton the SEC has released no official statement regarding Cardano, which disproves all wrong information.

Solana Whale Buys 195K SOL in Market Dip, Eyes $150 Surge

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  • A Solana whale accumulated 195,000 SOL during a market dip, boosting investor confidence.
  • The whale withdrew $23.2 million worth of SOL from major exchanges, reducing supply.
  • SOL price increased by 3% and traded at $123 after the large-scale purchase.

A major Solana whale accumulated 195,000 SOL coins amid a market dip, signaling confidence in the asset’s future. On-chain data revealed that $23.2 million worth of SOL was withdrawn from major exchanges, including Bybit, OKX, and Gateio. This move sparked bullish sentiment among investors, with many anticipating a price surge toward $150.

Massive SOL Accumulation Sparks Optimism

Solana’s price action showed strength as a whale made a significant purchase during a downturn. The transaction, tracked by Lookonchain, indicated that the coins were acquired within 24 hours. This accumulation reduced the token’s availability on exchanges, influencing market dynamics positively.

Large-scale buying amid a bearish trend often suggests confidence in an asset’s potential recovery. Investors interpreted this as a strategic ‘buy-the-dip’ move, potentially setting the stage for a rebound. The market responded with increased optimism, reflecting renewed interest in Solana’s long-term trajectory.

SOL traded at $123 at press time, registering a 3% price increase within 24 hours. The coin fluctuated between $113.19 and $131.24 during this period. Analysts suggested that continued buying pressure could push SOL above $150 in the near term.

Solana Whale’s ‘Buy-The-Dip’ Plan

The broader cryptocurrency market faced downward pressure due to macroeconomic uncertainties. Fueled by trade policy concerns, the likelihood of a U.S. recession rose to 40%. As a result, risk assets, including Bitcoin and altcoins, witnessed a decline.

Bitcoin dropped below $80,000, touching a multi-month low of $76,000 on Tuesday. Altcoins, including Solana, mirrored Bitcoin’s movement, experiencing temporary sell-offs. However, the whale’s decision to accumulate SOL signaled confidence, potentially reversing bearish sentiment.

Another significant development came from ‘Cumberland DRW,’ which staked 48,182 SOL worth $5.72 million. This staking activity, combined with the whale’s purchase, reduced the circulating supply. A lower supply on exchanges often strengthens bullish momentum, increasing the chances of an upward price trend.

Bullish Projections for SOL Price

Market experts weighed in on Solana’s potential for further price appreciation. Analyst ‘Coinvo’ suggested that SOL mirrored its 2021 pattern, hinting at a possible breakout. Historical analysis indicated that past accumulation phases led to significant rallies.

Similarly, ‘Lucky,’ a Bitcoin analyst, pointed out that SOL had strong support between $110 and $127. The trader noted that minimal market movement could trigger a rise above $150. The combination of whale activity and strategic staking bolstered confidence in these projections.

Investors closely monitored SOL’s trading range, anticipating higher price levels. The asset’s increasing demand and reduced exchange supply added credibility to bullish forecasts. If buying pressure continues, Solana could surpass $150, marking a significant milestone in its recovery.

Trump’s Crypto Hitlist: XRP, ADA, SOL Set to Explode

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  • XRP, ADA, SOL dominate! Are these the ultimate winners of US crypto policy.
  • Trump’s crypto reserve: Forget memecoins; these projects are the real contenders.
  • White House invites revealed: These projects are primed for massive growth.

CryptoRank.io’s latest insights reveal the BIG Winners of Trump’s U.S. Crypto Policy, identifying tokens with strong domestic roots or seen as being aligned with US interests. Leading altcoins such as XRP, Cardano’s ADA, and SOL emerge as clear favorites, thriving amidst policy shifts. AVAX lingers, awaiting formal recognition, while SUI, FIL, APT, NEAR, and MOVE gain significant momentum following White House invitations.

These observations are based on those cryptocurrencies that have been publicly mentioned by Donald Trump and the recent developments supporting the projects. Proponents suggest that these projects, having engaged directly with policymakers, stand to gain preferential treatment and regulatory clarity.

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Trump's Crypto Hitlist: XRP, ADA, SOL Set to Explode 13

The infographic also highlights potential candidates for a strategic crypto reserve. While memecoins like BONK and TRUMP grab headlines, established projects like LINK, Litecoin’s LTC, DOT, and Hedera’s HBAR are considered stronger contenders due to their technological robustness and real-world utility. The “Made in USA” category highlights projects like ALGO, GRT, and MINA, suggesting a focus on fostering domestic innovation.

Furthermore, the chart indicates which projects have sought ETF applications, adding another layer to the policy winners’ narrative. BTC and ETH remain the central focus, with XRP, ADA, and SOL cementing their positions as cornerstones of the evolving U.S. crypto policy.

Inside Trump’s Exclusive White House Summit

The infographic serves as a valuable resource for investors seeking to navigate the complex regulatory environment and identify projects with strong growth potential.

Meanwhile, Trump is set to host several crypto industry executives at the White House Crypto Summit on March 7. As per information shared by Fox Business reporter Eleanor Terret, the list of attendees will be reportedly exclusive, not more than 25 individuals.

The confirmed list of attendees includes Strategy founder Michael Saylor, Bitcoin Magazine CEO David Bailey, Paradigm co-founder Matt Huang, Exodus CEO J.P. Richardson, Multicoin Capital co-founder Kyle Samani, World Liberty Financial co-founder Zach Witkoff, Chainlink co-founder Sergey Nazarov, Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev and Kraken CEO Arjun Sethi.

Trump’s Crypto Reserve Could Reshape the Market—Or Wreck It

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  • Samson Mow warns Trump’s crypto reserve tokens XRP, SOL, and ADA, calling them speculation-driven picks.
  • Unregulated selection of tokens could lead to political favoritism and insider trading.
  • Mow urges Trump to focus on proof-of-work assets like BTC, LTC, and XMR to avoid market distortion.

Donald Trump’s ambitious crypto reserve could transform the financial landscape—only if it’s executed with precision. Industry veteran and Bitcoin maxi Samson Mow has warned that including speculative altcoins like XRP, SOL, and ADA could create rooms for manipulation rather than stability.

Mow who is also the CEO of Jan3, argues that without a structured strategy, the reserve could fall prey to lobbyists and insiders, similar to the recent controversy around the Trump memecoin. If political influence dictates token selection, it could trigger massive price swings, erode trust, and undermine the entire crypto ecosystem.

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Trump’s Crypto Reserve Could Reshape the Market—Or Wreck It 15

The top exec urged the administration to focus on proof-of-work assets like Bitcoin (BTC), Litecoin (LTC), and Monero (XMR), which offer resilience against centralized control and speculative hype. By prioritizing these, Trump’s reserve could position the U.S. as a serious player in decentralized finance rather than fueling short-term speculation.

However, if the reserve lacks transparency and oversight, Mow warns that it could push the U.S. into “degeneracy like never before.” The stakes are high—this move could either accelerate Bitcoin’s mainstream adoption or create a chaotic mess of insider trading and political favoritism.

From Trump’s Move To Bitcoin’s Price Puzzle: Is the Market Rigged?

Is Trump’s crypto plan a genius move or a market disaster in the making? The next steps could determine the future of crypto in the U.S.

Earlier, Mow suggested that Bitcoin’s (BTC) recent price consolidation appears manufactured. Speaking at Consensus Hong Kong 2025, Mow noted that BTC has peaked and remained in a tight trading range, which “doesn’t look natural.”

He added that despite strong institutional and retail accumulation, including U.S. spot Bitcoin ETFs and Strategy buying more BTC than is mined daily, BTC’s price remains stagnant.

Mow argued that significant selling pressure is counteracting this demand. He also pointed to FTX Exchange’s ongoing creditor repayments, which are based on BTC’S 2022 price of around $20,000, as a possible factor adding to selling pressure.

XRP’s 34% Surge Sets Stage for Massive Rally—Analyst Eyes $77

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  • XRP surgеd 34% to $2.96 bеforе sеttling аt $2.80, with trаding volumе soаring 502.71% to $19.33 billion.
  • Donald Trump’s stаtеmеnt on XRP, ADA, аnd SOL in US Crypto Rеsеrvе fuеlеd mаrkеt spеculаtion.
  • Anаlyst Dark Defender prеdicts XRP could hit $77.7, mаrking а 2,650% surgе if kеy lеvеls brеаk.

XRP mаdе wаvеs todаy with а drаmаtic pricе jump of 34%, soаring from $2.20 to а pеаk of $2.96 bеforе sеttling аt $2.80. Thе surgе pushеd its onе-dаy trаding volumе up by аn аstonishing 502.71% to $19.33 billion, rеflеcting hеightеnеd invеstor аctivity. At thе sаmе timе, XRP Futurеs Opеn Intеrеst spikеd 30.47% to $4.15 billion, its highеst lеvеl sincе еаrly Fеbruаry, signаling rеnеwеd trаdеr confidеncе.

XRP 1D graph coinmarketcap 24
Source: CoinMarketCap

Thе suddеn rаlly coincidеs with а bold stаtеmеnt from Donald Trump rеgаrding thе US Crypto Rеsеrvе. Trump’s post on Truth Sociаl fuеlеd spеculаtion аftеr hе mеntionеd thе possibility of аdding XRP, ADA, аnd SOL аlongsidе Bitcoin аnd Ethеrеum. Thаt stаtеmеnt triggеrеd intеnsе dеbаtе bеtwееn Bitcoin аnd Ripplе supportеrs, furthеr еnеrgizing mаrkеt sеntimеnt.

XRP’s Path to $77.7 Gains Momentum

As XRP’s momеntum builds, somе аnаlysts аrе еyеing much biggеr numbеrs. Crypto analyst Dark Defender hаs lаid out аn аmbitious roаdmаp, prеdicting thаt XRP could climb to а jаw-dropping $77.7 in thе mid-tеrm. If rеаlizеd, thаt would mаrk а stаggеring 2,650% incrеаsе from currеnt lеvеls.

His projеction is bаsеd on Elliott Wаvе thеory аnd Fibonаcci еxtеnsions, which indicаtе thаt thе cryptocurrеncy hаs еntеrеd thе third wаvе of its cyclе—а phаsе historicаlly known for rаpid pricе аccеlеrаtion. Thе аnаlysis suggеsts thаt if XRP clеаrs kеy rеsistаncе points аt $5.85 аnd $8.03, thе nеxt significаnt lеvеl to wаtch is $18.22, аligning with а 3.618 Fibonаcci еxtеnsion.

Aftеr rеаching $18.22, а briеf corrеction could follow bеforе thе most еxplosivе phаsе—thе fifth wаvе—potеntiаlly cаtаpulting thе cryptocurrеncy towаrd $77.7. Whilе аmbitious, thаt tаrgеt hаs ignitеd spеculаtion аmong trаdеrs аnd long-tеrm invеstors.

XRP 1
Source: Dark Defender

Critical Support Levels Hold the Key

Dеspitе thе bullish еxcitеmеnt, Dark Defender wаrns thаt thе cryptocurrеncy must mаintаin criticаl support lеvеls to sustаin its uptrеnd. Kеy zonеs аt $2.60 аnd $2.77 аrе аcting аs rеаccumulаtion аrеаs whеrе buyеrs mаy stеp in to rеinforcе momеntum. If it holds аbovе thosе lеvеls, thе broаdеr bullish outlook rеmаins intаct. Howеvеr, а fаilurе to sustаin support could triggеr tеmporаry pullbаcks, potеntiаlly dеlаying thе nеxt upwаrd surgе.

Tеchnicаl indicаtors furthеr strеngthеn thе cаsе for аn еxtеndеd rаlly. Thе Rеlаtivе Strеngth Indеx (RSI) shows аn uptick in buying prеssurе, hinting аt а bullish divеrgеncе. Morеovеr, XRP is currеntly trаding аbovе thе Ichimoku cloud, а kеy trеnd-strеngth indicаtor. Mаintаining thаt position could significаntly incrеаsе thе probаbility of sustаinеd upwаrd momеntum.

Whilе thе mаrkеt buzzеs with spеculаtion, thе cryptocurrеncy rеmаins аt а cruciаl turning point. Trаdеrs аnd invеstors аrе closеly wаtching whеthеr thе digitаl аssеt cаn sustаin its gаins аnd brеаk through rеsistаncе lеvеls or fаcе а short-tеrm cooldown bеforе аnothеr lеg up.

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