Die Anhörung findet statt, nachdem der US-Senat ein Gesetz zur Regulierung von Stablecoins verabschiedet hat und die republikanische Führung des Repräsentantenhauses angekündigt hat, ab Montag über drei Gesetzentwürfe zu diskutieren.
Chainlink (LINK) accumulation hints at big breakout; check forecast
Key takeaways
- LINK is up 4% in the last 24 hours and now trades at $14.
- The coin can rally towards $17 soon, following weeks of accumulation around the $13 region.
The cryptocurrency market has resumed its upward rally following a poor start to the week. Bitcoin is trading above $109k once again, while Ether has crossed the $2,600 resistance level.
Chainlink’s LINK is one of the top performers among the leading 20 cryptocurrencies by market cap and looks set to rally higher in the near term.
LINK looks set to break out from its accumulation zone
LINK, the native coin of the Chainlink ecosystem, has been accumulating over the past few weeks. The accumulation comes despite Chainlink’s recent partnership with Mastercard and other protocols integrating its various products.
The coin has been trading between $12 and $14 over the last few weeks. However, the long period of accumulation could suggest a breakout soon, with many analysts expecting it to hit the $17 mark soon.
LINK eyes $17 as bulls push harder
The LINK/USD 4-hour chart is bullish and efficient thanks to its ongoing rally. The pair is also efficient after LINK swept liquidity around $12.8 over the weekend, suggesting that the bulls are preparing for another leg up.
The Relative Strength Index (RSI) of 64 indicates buying pressure for LINK, while the MACD lines in the positive zone also show that the bulls are in control.
If the rally continues, LINK could test the first major resistance level at $15.7 in the coming hours or days. An extended bullish period would allow LINK to trade around the $17.9 resistance level for the first time since May.
However, LINK would need the help of the broader crypto market if it intends to break above the January high of $26.
The TLQ at $12.6 provides very strong support for LINK, and the bulls would likely defend this level if the market turns bearish. Failure to defend the $12.6 support level could see LINK retest the June low of $10.9.
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Ethereum (ETH)-Wale akkumulieren stärker als vor Rallye in 2022
Ethereum peilt einen Ausbruch in Richtung 3.400 US-Dollar an, während er sich innerhalb eines Bullenwimpels konsolidiert. Das ist ein klassisches Fortsetzungsmuster, das auch bei vorherigen Rallyes zu sehen war.
XRP price forecast as coins surges 2.19% to $2.33
- Ripple applies for US banking licence, deepening regulatory alignment.
- CEO Garlinghouse is involved in shaping the Senate CLARITY Act on crypto.
- Traders are closely watching for a breakout above $2.3531 to confirm bullish continuation.
XRP is gaining momentum, holding firm around $2.33 after rising nearly 3% over the past 24 hours.
The renewed optimism comes amid broader crypto market recovery, but XRP appears to be outperforming as regulatory clarity aligns with growing institutional interest.
Ripple’s move to apply for a US banking licence and CEO Brad Garlinghouse’s growing role in shaping national crypto policy have also contributed to market sentiment.
Garlinghouse is reportedly involved in discussions around the Senate’s CLARITY Act, a proposed bill that aims to establish a regulatory framework for digital assets in the United States.
XRP technicals show an upward bias toward $2.40
XRP/USD is currently trading inside an ascending channel, with both the 50 and 200 exponential moving averages (EMAs) showing bullish alignment.
The 50 EMA is near $2.29, while the 200 EMA sits around $2.25.
The crossover between these two averages suggests a shift in market structure from neutral to bullish.
The price is making higher highs and higher lows, with candles consolidating along the midline of the channel.
The next significant resistance level is $2.3531.
A confirmed close above that mark could open the door to $2.38 and eventually $2.40, a psychological barrier.
Relative Strength Index (RSI) is approaching overbought levels, currently near 68, indicating some consolidation may occur before further upside.
XRP trade setup hinges on breakout confirmation or support retest
Traders are closely watching for a breakout above $2.3531 to confirm bullish continuation.
A clean break and close above this resistance would signal potential for a push to $2.38 and possibly $2.40.
The price structure remains supportive of this scenario, with gradually increasing volume and technical indicators showing positive momentum.
Alternatively, if XRP fails to break above $2.35 and prints a bearish reversal signal, such as a shooting star or long upper wick, traders may look for re-entry around $2.30.
This level is aligned with the 50 EMA and the lower boundary of the current channel, providing a potential support zone.
In either case, XRP’s technical setup offers clearly defined entry and exit levels for traders responding to short-term price action.
Outlook turns bullish as regulatory hurdles ease
XRP’s recent strength comes as the broader crypto market rebounds from macroeconomic pressures earlier this year.
While other assets are still regaining footing, XRP’s position has been bolstered by decisive legal victories, active policy involvement, and an improving technical structure.
Ripple’s alignment with US regulatory frameworks and ongoing efforts to engage with lawmakers place it at the centre of evolving crypto legislation.
As Ripple continues to push for institutional adoption, the combination of legal clarity, policy engagement, and technical momentum could support further growth for XRP in the weeks ahead.
The post XRP price forecast as coins surges 2.19% to $2.33 appeared first on CoinJournal.
Ripple-Aktionär Linqto meldet Insolvenz an
Der Ripple-Anteilseigner Linqto hat nach monatelangen Kontroversen um Verstöße gegen das Wertpapierrecht Insolvenz angemeldet. Die erste Anhörung wird für Dienstag erwartet.