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XRP price continues to slowly form a bullish pennant chart pattern as expectations of the Securities and Exchange Commission approving a Ripple ETF rise. Ripple XRP XRP 1.93% XRP price was trading at $2.2 after falling 25% from its highest point this year, meaning it remains in a bear market. One of the biggest XRP catalysts is the rising optimism that the SEC will approve a spot Ripple ETF in 2025. Companies like Bitwise, Canary Capital, 21Shares, and WisdomTree have already submitted their XRP ETF proposals. There are rising odds that other companies like Fidelity, Blackrock, and Ark Invest will file their XRP ETFs because of its scale and their success in Bitcoin and Ether ETFs. Blackrock has accumulated over $52 billion in Bitcoin (BTC) and $3.54 billion in Ethereum (ETH) funds. If this happens, the XRP price could surge, as we saw with Bitcoin and Ethereum ETFs earlier this year. The hopes for a Ripple ETF rose after Donald Trump won the general election in November. He has already nominated Paul Atkins to be the next SEC chair, a move that will introduce major regulatory changes. Analysts expect a few major ETF approvals in 2024. The XRP price will likely do well as the XRP Ledger and the RLUSD stablecoin continue to gain market share. According to CoinMarketCap, the RLUSD has gained over $53 million in market cap a few weeks after launch. XRP price forecast:$XRP Ripple price peaked at $2.90 in December and has retreated by 25% from its highest point this year. It has remained above the 50-day and 100-day Exponential Moving Averages, a sign that the uptrend is continuing. Most importantly, the XRP price is in a consolidation mode and is forming a bullish pennant pattern. This pattern, which can take a few days or weeks to form, comprises a vertical line, a flag pole, and a symmetrical triangle. It will be confirmed that the ripple’s pennant remains inside the two triangle sides. Therefore, the XRP token will likely have a strong bullish breakout in the next few weeks as ETF odds rise. If this happens, the next key level to watch will be at $2.90, the highest point this year, which is about 35% above the current level. A surge above that price will push it to $3 and potentially to $5 .

Any prediction on $MAJOR?? It's only falling.....

$USDT Getting Delisted From Exchanges: Here’s the Real Truth Recently, rumors have been swirling about $USDT (Tether) potentially being delisted from major cryptocurrency exchanges. These claims have sparked panic among traders and investors, leading to speculation about the future of the world’s largest stablecoin by market capitalization. But what is the real truth behind these rumors? Firstly, it’s important to understand the role of $USDT in the cryptocurrency ecosystem. Tether serves as a vital liquidity provider, enabling seamless trading between cryptocurrencies and acting as a safe haven during market volatility. Its widespread adoption has made it a cornerstone of the crypto market. The rumors of delisting often stem from concerns about regulatory scrutiny. Tether has faced criticism in the past for its transparency regarding reserves and compliance with global regulations. However, Tether Limited has taken significant steps to address these concerns, including publishing attestations of its reserves and engaging with regulatory authorities. Moreover, exchanges have no incentive to delist $USDT unless forced by regulatory action. The stablecoin’s massive trading volumes contribute significantly to exchange revenues. Removing it would disrupt trading activities and alienate a large user base. As of now, there has been no official statement or indication from major exchanges suggesting an impending delisting. It is also worth noting that rumors of this nature are not uncommon in the crypto world. Misinformation can spread rapidly, often fueled by competitors or market manipulators aiming to create fear, uncertainty, and doubt (FUD). In conclusion, while $USDT is not without its challenges, there is no substantial evidence to support claims of its delisting from major exchanges. Investors should remain cautious, verify information from reliable sources, and avoid making impulsive decisions based on unverified rumors. The crypto market’s dynamics require a balanced approach to navigate successfully. $BTC

Immediate resistance: $7.56 (2.0 Fibonacci extension) and $8.12 (2.272 Fibonacci extension). Major resistance: $8.83 (2.618 Fibonacci extension). Immediate support: $6.77 (1.618 Fibonacci extension). Critical retracement support: $5.49 (1.0 Fibonacci), $5.08 (0.786 Fibonacci), and $4.71 (0.618 Fibonacci).