XRP at Make-or-Break Zone: $1.95 or a 28% Rally to $2.58?
Ripple’s XRP is nearing a crucial moment as it consolidates within a descending wedge pattern. Traders anticipate a breakout as price action moves toward a key demand zone. This formation often signals an upcoming trend reversal, making XRP’s next move critical for market participants. XRP remains in a corrective phase, aligning with Elliott Wave structures. The final leg of a WXY correction seems to be taking shape. If the pattern holds, a major rally could be imminent. Ripple’s Institutional DeFi Expansion Could Fuel XRP’s Growth Ripple Labs recently unveiled a roadmap to expand institutional decentralized finance (DeFi) on the XRP Ledger blockchain. This development aims to position XRP Ledger as a scalable, regulation-friendly layer-1 solution, attracting financial institutions eager to integrate DeFi. Read Also: Monad Testnet Surpasses 100 Million Transactions: Airdrop Eligibility and How to Claim The plan includes a permissioned decentralized exchange, a credit-based DeFi lending protocol, and a new multi-purpose token standard. These upgrades will enhance XRP Ledger’s smart contract capabilities and support compliance-driven adoption. If institutions embrace these innovations, XRP’s long-term value could increase significantly. XRP’s Technical Setup Suggests a Potential Reversal XRP’s 4-hour chart shows an extended corrective phase within a descending wedge pattern. Historically, this formation precedes bullish breakouts. The correction started after XRP reached $3.40. Wave W ended near $2.00, while Wave X peaked at $2.90 before the price resumed its downtrend. Now, Wave Y is nearing completion as XRP tests the $1.95 to $2.05 demand zone. The Relative Strength Index (RSI) on the 4-hour timeframe indicates oversold conditions, suggesting potential buying momentum. If buyers step in, a strong rebound could follow. XRP Price Prediction: Can Bulls Take Control? On the 1-hour chart, the final C-leg appears to be forming a five-wave structure. Currently, wave (iv) is retracing before a possible last dip in wave (v). The expected support zone between $1.95 and $2.05 aligns with the 1.272 Fibonacci extension of wave (A) and a key historical support level. If wave (v) holds at this range, XRP could confirm a reversal and start a new bullish wave. A break above $2.25 would signal the beginning of a new impulsive rally. The first target lies at $2.58, aligning with the 0.618 Fibonacci retracement level. If buying momentum increases, XRP could push toward $2.90, where the upper wedge boundary stands. However, if XRP fails to hold $1.95, further retracement toward $1.75 becomes likely. A drop below this level would invalidate the bullish scenario. Key Levels to Watch for XRP’s Next Move Traders should closely watch resistance and support levels to determine XRP’s next trajectory. The first resistance lies at $2.25, which could trigger a rally. If XRP pushes past this point, $2.58 becomes the next target, followed by the critical resistance at $2.90. This price level marks the breakout target from the descending wedge. Support levels remain crucial for confirming a bottom. The immediate support at $2.05 has provided strong demand in previous price cycles. However, the key support at $1.95 represents the lower boundary of the descending wedge. If XRP fails to hold this level, it could signal further downside, potentially testing $1.75 as the next major support zone. XRP’s Breakout Potential Hinges on Market Momentum XRP’s price action indicates a make-or-break moment. The descending wedge structure, combined with oversold RSI conditions, suggests that a breakout could be near. If XRP maintains support above $1.95, a strong recovery toward $2.58 and $2.90 remains possible. However, losing this level could push prices lower, delaying any bullish momentum. Read Also: XRP Drops 9% – Will It Plunge to $1.60 or Stage a Comeback? Crypto traders and investors should monitor key resistance and support zones while considering external market influences. If institutions adopt XRP’s new DeFi offerings, long-term growth could accelerate.
Monad Testnet Surpasses 100 Million Transactions: Airdrop Eligibility and How to Claim
The Monad blockchain is rapidly gaining attention in the cryptocurrency space, thanks to its impressive performance and upcoming $MONAD airdrop. With its testnet achieving a staggering 100 million transactions in just one week, Monad has demonstrated its potential to revolutionize blockchain technology. Here’s everything you need to know about the Monad airdrop, eligibility, and how to claim your free tokens. Monad Testnet Achieves Milestone: 100 Million Transactions in 7 Days Launched on February 19, 2025, the Monad testnet has already processed over 100 million transactions, showcasing its speed, scalability, and efficiency. This achievement highlights Monad’s ability to handle high-volume applications, making it a strong contender for DeFi, gaming, and NFT platforms. Key Features of Monad Testnet: 10,000 TPS: Monad supports 10,000 transactions per second, ensuring lightning-fast processing. 0.5-Second Block Times: Transactions are confirmed almost instantly, providing a seamless user experience. Near-Zero Gas Fees: Users and developers benefit from cost-efficient operations. EVM Compatibility: Monad is fully compatible with Ethereum-based dApps, making it easy for developers to migrate and build. Monad Fantasy Top Tournament: A Gateway to NFTs and Airdrop Eligibility From February 24, 2025, Monad hosted its first-ever NFT gaming tournament, attracting over 200,000 participants. This event not only showcased Monad’s capability to support large-scale gaming applications but also offered players a chance to win exclusive rewards. Highlights of the Tournament: Participants competed for 5,000 whitelist spots in premium NFT collections. The tournament served as a key eligibility criterion for the upcoming Monad airdrop. Future gaming events on the Monad blockchain are expected to provide similar opportunities. If you missed this tournament, keep an eye out for upcoming events to boost your chances of qualifying for the airdrop. How to Claim the $MONAD Airdrop: Step-by-Step Guide The Monad airdrop is one of the most anticipated crypto events of 2025. If you participated in the Monad testnet or its gaming tournament, you may be eligible to claim free $MONAD tokens. Steps to Claim Your Tokens: Connect Your Wallet: Visit the official Monad faucet and connect your wallet. Check Eligibility: Verify your eligibility on the airdrop claim page. Claim Tokens: Follow the instructions to claim your free $MONAD tokens instantly. Pro Tip: If you missed the testnet or tournament, stay updated on future airdrop and whitelist events to secure your share of $MONAD tokens. What to Expect from the Monad Token Launch While the official launch date for the Monad token has not been announced, the crypto community is eagerly awaiting further details. Here’s what we know so far: The $MONAD token release date will be revealed soon. The airdrop listing date is expected to generate significant interest. The token price will be determined closer to the launch. Read also: PAWS Listing Date Revealed: Is Binance About to List $PAWS on February 27? Why You Shouldn’t Miss the $MONAD Airdrop The Monad blockchain has already proven its capabilities with 100 million transactions, a successful NFT gaming tournament, and a highly anticipated airdrop. Here’s why you should get involved: Free Tokens: Claim free $MONAD tokens through the airdrop. High Performance: Enjoy fast and low-cost transactions on the Monad blockchain. Massive Potential: The airdrop is expected to be one of the largest of 2025, offering a unique opportunity to earn free crypto. Final Thoughts The Monad blockchain is setting new standards in the crypto world with its speed, scalability, and innovative applications. Don’t miss your chance to be part of this groundbreaking project. Claim your $MONAD tokens today and stay tuned for more exciting updates from Monad! Stay Connected: Follow Monad’s official channels for the latest news on the airdrop, token launch, and upcoming events.
