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Asset manager Volatility Shares has filed for three XRP exchange-traded funds (ETFs): XRP ETF, 2x XRP ETF, and -1x XRP ETF, showing a growing surge of institutional interest in the XRP token. This filing follows Volatility Shares’ recent applications for two Solana futures ETFs—SOLZ and SOLT—which appeared on the Depository Trust and Clearing Corporation (DTCC) list in late February. The filing of these ETFs could mark a turning point for XRP, particularly as Polymarket data suggests a 76% probability of a spot XRP ETF approval by 2025. Still, expectations for approval before July 31st remain low at 32%, showing the SEC’s historically cautious approach toward crypto ETFs. Related: XRP Price Prediction March 8: Bulls vs. Bears at $2.60 & $2.40 — Trader’s Guide Interestingly, the SEC has acknowledged a 19b-4 filing by the New York Stock Exchange (NYSE) and asset manager Grayscale regarding an XRP ETF, marking the first time it has officially responded to such a proposal. This sets a 240-day countdown for the Commission to decide on the matter. While the SEC has also acknowledged applications for Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE) ETFs, the XRP case stands out because of the ongoing lawsuit against Ripple, the token’s issuer. The regulator’s coming decision could set the standard for how it treats other altcoins in the ETF market – and their potential prices. At the time of writing, XRP trades at $2.36, down 5% in the past 24 hours. The 20-day exponential moving average (EMA) at $2.44 is acting as immediate resistance, with price struggling to get above this level. The daily chart below shows that the Relative Strength Index (RSI) stands at 46.56, suggesting neutral momentum, sitting just below the 50 level. A move above 50 could indicate renewed bullish strength, while further declines could confirm bearish control. On the other hand, the XRP price action is approaching the lower Bollinger Band, showing oversold conditions. This suggests that a bounce is possible if buying pressure emerges, but a breakdown could trigger further losses. Related: XRP Bull Run Ignition? Analyst Predicts Major Price Surge, Cites Key XRP Patterns XRP must reclaim $2.44 (20-day EMA) and $2.50 psychological resistance to regain bullish momentum. If the price fails to hold the $2.30 support, further downside toward $2.00 could be likely. Conversely, a break above $2.50 could open the door to a retest of $3.00 in the near term. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Voting opens for Solana's SIMD-0228 proposal to cut inflation SolanaFloor, a news platform focused on Solana $SOL, has reported on X, citing data from Dune Analytics, that the SIMD-0228 proposal, which seeks to decrease SOL inflation by 80%, is currently open for voting.

Over the past 24 hours, the price of Chainlink (LINK) faced a solid buying demand as it surged toward the high of $17.5. However, the price failed to surge further as it witnessed a bearish domination and declined sharply. The fear/greed index has surged, now showing a fear sentiment at level 35. Meanwhile, Chainlink’s trading volume has surged by 9.4% in the last 24 hours, reaching $1.15 billion. Looking at the longer trend, LINK’s price has been declining since mid-December, dropping from a high of $31 to about $15 on 3 February. In recent weeks, LINK price has been under strong bearish pressure following Bybit’s hack, touching a low around $13. In the last 24 hours, its market capitalization has dropped by 0.6%, hitting $10.8 billion. LINK Faces Strong Liquidations Market confidence in LINK appears to be strengthening, evidenced by increased volatility and a notable ascent beyond the $15 resistance mark on the 24-hour chart. Despite this upward movement, LINK struggled to sustain its buying demand amidst rising selling pressures, leading to significant liquidations. Data from Santiment highlights a correlation between price fluctuations of LINK and the accumulation trends in prominent wallets. Currently, the five largest wallets hold 18.15% of LINK’s total supply, valued approximately at $2.93 billion. In the last day, Chainlink has faced considerable selling pressure resulting in liquidations. According to Coinglass, around $3.16 million worth of LINK trades were closed. Of these, long position liquidations accounted for $2.12 million, with sellers liquidating about $1.04 million in positions. Meanwhile, trading interest in Chainlink seems to be waning. There’s been a 0.41% decrease in open interest, which tracks unresolved trading contracts, now totaling $519 million. This suggests a reduction in trader engagement. Looking ahead, the outlook for LINK’s price is becoming increasingly optimistic. The long/short ratio, at 1.2, reflects a growing bullish sentiment, with 57% of traders now expecting a price rise. Chainlink Price Prediction: Technical Analysis Chainlink’s price continues to be under strong bullish pressure as it recently broke above the bearish consolidation. However, the price failed to maintain its bullish momentum due to rising selling dominance. As a result, LINK price rejected $17.5 and dropped toward $16; however, buyers are aiming for a recovery. As of writing, Chainlink’s price stands at $17.05, having dropped by 0.94% in the last 24 hours. The LINK/USDT trading pair is struggling to validate a clear trend as the recent rejection plunged buyers’ confidence. With the Relative Strength Index (RSI) hovering around the buying region at level 59, there is a possibility that Chainlink’s price could retest its resistance level at $17.6. If it sustains above this level, it could benefit buyers and potentially push the price for $19.85. On the other hand, if the price fails to hold its current momentum, it might face a drop toward $15.62. LINK Price Prediction: What to Expect Next? Short-term: According to BlockchainReporter, LINK price might aim for the $17.6 resistance. If the price moves above that level, we might see a trade around $19.85. On the downside, $15.62 is the range. Long-term: According to the latest Chainlink price prediction by Coincodex, Chainlink’s price is expected to increase by 7.80%, reaching $17.52 by April 6, 2025. Technical indicators from Coincodex suggest a currently Bearish sentiment, with the Fear & Greed Index indicating a level of 34, classified as Fear. Over the past 30 days, Chainlink has experienced 13 green days, representing 43% of the time, along with a price volatility of 9.72%. Based on this forecast, it is currently considered an unfavorable time to purchase Chainlink. How much is the LINK price today? LINK price is trading at $17.05 at the time of writing. The LINK price has dropped by over 0.94% in the last 24 hours. What is the Chainlink price prediction for March 7? Throughout the day, the LINK price might aim for the $17.6 resistance. If the price moves above that level, we might see a trade around $19.85. On the downside, $15.62 is the range. Is LINK a Good Buy Now? According to long-term forecasts, the Chainlink price might reach $17.52 by April 6. This makes LINK price a bad investment considering its monthly yield. Investment Risks for Chainlink Investing in LINK price can be risky due to market volatility. Investors should: Conduct technical and on-chain analysis. Assess their financial situation and risk tolerance. Consult with financial advisors if necessary.

RUMOR: “THE U.S. COULD SELL A PORTION OF ITS GOLD HOLDINGS TO BUY $BTC FOR THE STRATEGIC RESERVE.” I dont think that it will going to happen soon mean in next 1-2 years. Its just open possibilities.. What you say?

Praying for a fake pump Short orders between 90-100k ready Only one short was triggered so far Sadly only a small position is open