Monat: Januar 2026

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XRP still trading below $2.1, eyes the $2.5 resistance: Check forecast

Key takeaways

  • XRP is trading above $2.0 after adding 1% to its value in the last 24 hours.
  • If the $2.0 psychological level holds, XRP could rally towards the $2.5 psychological region.

XRP is approaching the $2.1 technical area

XRP, the native coin of the Ripple ecosystem, is up 11.5% year-to-date and has maintained its value above $2.0. 

The coin is now up 1% in the last 24 hours and is currently trading at $2.06 per coin. The positive performance comes as the broader cryptocurrency market recovers, with Monero’s XMR leading the charge.

Despite the recent price stagnation, growing institutional demand for spot XRP ETFs supports a bullish performance in the medium to long term. Furthermore, hopes for the Senate passing the Market Structure Bill reaffirm the bullish longer-term price targets. XRP could reclaim the $2.5 or $3.0 psychological levels if the U.S. Senate passes the Market Structure Bill in the coming days or weeks. 

However, the cooling of interest from institutional and retail investors could negatively affect XRP’s performance in the near term.

XRP targets $2.5 as support levels hold

The XRP/USD 4-hour chart remains bearish and efficient despite Ripple adding 11% to its value since the start of the year. However, the structure could shift bullish soon as the crucial support levels hold.

The Moving Average Convergence Divergence (MACD) lines are within the negative territory, indicating a bearish bias. The RS also stands at 43, below the neutral 50, suggesting that the sellers are currently in control.

XRP/USD 4H Chart

If the bearish bias persists, XRP could dip below $2.0 and retest the $1.92 support level. An extended bearish run would see the cryptocurrency touch the $1.81 support for the first time since December 31.

However, if the current support level holds, XRP could rally towards the recent resistance level of $2.2. A daily candle closing above this level will bring the $2.5 psychological region into focus.

The post XRP still trading below $2.1, eyes the $2.5 resistance: Check forecast appeared first on CoinJournal.

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Ukraine blocks Polymarket over unlicensed gambling

  • Ukraine blocks Polymarket for operating without a gambling license.
  • Polymarket is a decentralised prediction market where users bet on real-world events.
  • ISPs in Ukraine have been instructed to restrict access to Polymarket’s domain.

Ukraine has blocked access to the popular prediction market platform Polymarket.

The action was taken because authorities classify the platform as engaging in unlicensed gambling.

Internet service providers in Ukraine have been instructed to restrict access to Polymarket’s domain.

This decision is part of a broader effort to regulate online gambling and protect consumers.

Regulatory action and legal basis

The official block is based on Resolution No. 695, issued by the National Commission for the Regulation of Electronic Communications (НКЕК) on December 10, 2025.

The resolution implements a prior decision by the State Agency PlayCity, which identified unlicensed gambling platforms.

Under Ukrainian law, any website facilitating gambling without a license must be restricted.

Internet providers are legally required to comply with the block and prevent access for users.

The resolution also mandates oversight to ensure compliance, including inspections and reporting by authorities.

Polymarket’s domain has been added to the public registry of blocked resources in Ukraine.

Authorities warned that noncompliance by providers could result in legal consequences.

This move reflects Ukraine’s ongoing crackdown on unlicensed online gambling platforms.

Hundreds of sites have been blocked alongside Polymarket under similar regulations.

Polymarket’s operations and why Ukraine blocked it

Polymarket is a decentralised prediction market where users bet on real-world events.

Participants buy and sell “shares” that represent outcomes, with payoffs depending on the actual results.

For example, a market might predict whether a city will be occupied by the end of the year.

Users place bets using USDC, a stablecoin, on the Polygon blockchain.

Transactions and results are recorded publicly, ensuring transparency through blockchain technology.

Polymarket is valued at approximately $8 billion and was founded in 2020 by Shayne Coplan.

The platform has seen significant activity, with Ukraine-related markets exceeding $100 million in bets by the end of 2025.

Authorities expressed concern over war-related betting markets, citing legal and reputational risks.

Prediction markets like Polymarket are considered gambling under Ukrainian law, despite their decentralised and blockchain-based operations.

This legal interpretation has led to similar restrictions in other countries, including Romania, France, Belgium, and Thailand.

Push to regulate crypto-based platforms

Ukraine’s action against Polymarket underscores the increasing scrutiny of crypto-based platforms.

Authorities are determined to enforce licensing requirements and prevent unregulated gambling.

While Polymarket continues to operate in other jurisdictions, its access in Ukraine is now fully restricted.

The move is part of a broader trend of regulatory oversight for online betting and crypto platforms worldwide.

Users in Ukraine must now seek licensed alternatives or risk accessing illegal platforms.

The post Ukraine blocks Polymarket over unlicensed gambling appeared first on CoinJournal.

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BNB coin on the verge: possible breakout could propel price toward $1,000

  • Binance Coin (BNB) tests key resistance near $931 for a potential breakout.
  • Price could target $960–$1,000 if resistance is broken.
  • Binance ecosystem upgrades and liquidity programs boost demand.

The Binance token, BNB coin, currently trading around $907.84, is holding its position as the fourth-largest cryptocurrency by market capitalisation.

With a market cap of over $125 billion, Binance Coin (BNB) has surpassed XRP, signalling its growing influence among top-tier digital assets.

BNB coin price technical analysis

BNB has been trading within a consolidation range between $894 and $920 for the past several days.

Most notably, the token is testing key resistance near $931, which has capped price advances recently.

A decisive daily close above this level could open the door for a strong upward move.

Short-term traders should closely watch the support around $856–$880, which has proven resilient in absorbing sell pressure.

Technical indicators suggest a potential breakout, with the 20-day EMA trending above the 50-day EMA, signalling bullish momentum.

Momentum indicators, including RSI around 58 and a bullish MACD crossover, add to the positive outlook.

BNB coin price analysis
BNB Coin price analysis | Source: TradingView

Furthermore, past trading patterns, like ascending triangles and Adam & Eve reversal formations, indicate that BNB may be primed for a significant surge.

Derivatives data also support this sentiment, with futures open interest rising to $1.5 billion and long-to-short ratios favouring bullish positions.

Funding rates flipping positive further suggest that traders are anticipating gains in the near term.

Binance ecosystem catalysts

The rise of BNB coin is not only technical but also fundamental.

The BNB Chain Foundation recently launched a $100 million liquidity program to support DeFi, gaming, AI, and ecosystem tokens.

This initiative strengthens the network’s adoption and increases on-chain activity, which can drive further demand for BNB.

An upcoming Fermi hard fork is also expected to improve block speed and throughput, making the network more efficient for users and developers.

Binance’s strategic support for memecoins and high-volume trading pairs has also contributed to BNB’s momentum.

BNB coin price forecast

Investors and traders should closely monitor BNB’s price action, as a decisive move above current resistance levels may mark a new phase of growth for the Binance ecosystem.

If the BNB coin price successfully breaks above the $931 resistance, the next short-term targets could range from $960 to $1,000.

Failure to surpass this level could see BNB retest support zones around $856–$880, maintaining a range-bound pattern.

The current consolidation, combined with strong on-chain activity and bullish derivatives positioning, suggests that BNB is on the verge of a breakout.

The post BNB coin on the verge: possible breakout could propel price toward $1,000 appeared first on CoinJournal.

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Former NYC mayor backed token tumbles on Solana amid liquidity fears

  • Some crypto community members accused the project team of removing liquidity, sparking rug pull fears.
  • Rune flagged data suggesting $3.4 million was drained from the token’s liquidity pool.
  • Bubblemaps showed $2.5 million in USDC removed near the peak, with $900,000 not returned after partial additions.

Former New York City Mayor Eric Adams has launched a Solana-based meme coin that he said is aimed at fighting antisemitism and supporting the next phase of innovation in the city.

The token, called the New York City token (NYC), was announced in a Jan. 13 post on X and quickly went live for trading on the Solana decentralised exchange Jupiter.

In the post, Adams shared a link to the token’s official website and said the project was built to fight the spread of antisemitism and anti-Americanism across the US and New York City.

The NYC token initially saw strong momentum after it began trading.

It rallied to a high of $0.58 and briefly reached a market cap of $580 million, according to DEXScreener data.

Liquidity movements trigger rug pull allegations

As the price fell, accusations surfaced online that the team behind the token may have removed liquidity, adding to fears of a potential rug pull.

Crypto analyst Rune flagged data indicating that at least $3.4 million had been drained from the token’s liquidity pool.

Separately, analytics posted by Bubblemaps suggested that a wallet linked to the token’s deployer removed $2.5 million in USDC liquidity when the token was trading near its peak.

After the price had already plunged by more than 60%, about $1.5 million in USDC was added back.

Still, roughly $900,000 was not returned, which further fuelled suspicion among some community members and investors.

The allegations have not been confirmed, but the timing and size of the liquidity movements quickly became a central focus of discussion.

Team cites TWAP strategy to manage volatility

In response to the concerns, the NYC token X account released a statement claiming the project is using Time-Weighted Average Price (TWAP) mechanisms to manage price stability.

The account said funds were being added to the liquidity pool gradually to reduce the risk of further disruption after the initial volatility seen during the launch.

Despite that explanation, the episode has kept attention on how liquidity is handled for newly launched meme coins, especially when trading activity accelerates rapidly across decentralised markets.

Website details token split and proposed use cases

While the token’s official website offers limited detail about the project’s long-term direction, Adams said in a Fox Business interview that proceeds from the NYC token would go toward nonprofits focused on raising awareness about antisemitism and anti-Americanism through educational campaigns.

Other proposed use cases include funding blockchain and crypto education, along with scholarships for students in underserved communities.

Adams officially stepped down as mayor on Jan. 1, after being replaced by Zohran Mamdani.

During his time in office, he was one of the most outspoken political figures in support of cryptocurrency.

His initiatives included converting his first three paychecks into Bitcoin and Ethereum, creating the Office of Digital Assets and Blockchain Technology, and launching the NYC Blockchain Plan to encourage responsible innovation and attract Web3 businesses.

The post Former NYC mayor backed token tumbles on Solana amid liquidity fears appeared first on CoinJournal.