Home Blog Page 584

Expert Predicts $28B Market Cap for Shiba Inu in Current Cycle

0

Crypto trader Jake Gagain forecasts a steep rise in Shiba Inu market value, predicting the token could more than triple from its current market cap.

In a post on X, the analyst revealed that he believes SHIB can have an impressive outing in this current cycle that will triple its market cap from $8 billion to $28 billion.

Shiba Inu is trading at $0.00001382 after a 0.8% daily decline, reducing its weekly gain to 12.3%. Shiba Inu reached its all-time high after a 150,000,000% surge to $0.00008845, a $41 billion market cap, in October 2021 before retracing to the current level, an 84% decrease. A rise from this current price to $28 billion will represent a 250% surge, with the Shiba Inu price rising to about $0.00004837.

The last time Shiba Inu came close to this price was December 2024, reaching $0.00004534 after climbing from a low of $0.0000088. This represented a 400% increase. Since then, SHIB’s price has dwindled to this current level.

Notably, Jake’s $28 billion market cap target would place SHIB alongside some of the largest assets by valuation, specifically just below Cardano with $29 billion market cap, but above Hype and Chainlink in the current standing.

Other Analysts Predict Shiba Inu Price

Notably, Trader Mike revealed he entered a SHIB position at $0.0000167 on April 9, after spotting a bullish daily candle close. His short-term goal is $0.00004529, a 249% gain from entry, while other targets include $0.00004595, $0.00005414, $0.00007526, and $0.00008869, last seen during SHIB’s 2021 rally.

Another analyst on TradingView believes the token must clear the $0.00001856 resistance to escape its downtrend, opening paths to $0.00004807 and $0.00007078, similar to Jake’s prediction.

Other projections suggest a gradual climb from $0.00002800 to $0.00003500, matching key resistance zones. A break above could lead to $0.00004170, marking a near 98% rise from current prices.

Meanwhile, other analysts are even more bullish on Shiba Inu’s price. Prominent analyst Crypto Nuclear recently pointed to Shiba Inu’s potential surge of 514% to 589%. He identified $0.00001090 to $0.00001190 as a crucial Shiba Inu (SHIB) support zone. He projects that holding this level could fuel a breakout toward $0.00007870 and $0.00008836.

shiba Inu testing make or break zone
Shiba Inu testing make or break zone

Meanwhile, “Investments CEO” predicted Shiba Inu could reach $0.001, a level implying a $589 billion market cap for SHIB. While offering no fundamental drivers for the targets, he urged his nearly 600,000 followers to engage with the post, suggesting the visibility could draw new investors and fresh capital into both tokens.

Jake Sees Four Other Memecoins Surging Significantly

Notably, in his recent disclosure, Jake suggested Dogecoin could maintain memecoin market leadership. Dogecoin is trading at $0.240 after a 0.7% daily loss, cutting its monthly gain to 17.5%. With a current market cap of $34 billion, DOGE remains the largest memecoin by value. Jake projects its market cap could climb to $80 billion, keeping it ahead of rivals.

Meanwhile, Jake described PEPE as one of the fastest-growing memecoins ever launched. It reached an all-time high market cap of $11.5 billion in December 2024 before pulling back to $5 billion. The token, priced at $0.0000123 after a 1.4% daily drop, has risen 16.7% in the past week but remains down 1.7% over the past month. Jake believes PEPE could exceed $30 billion in market cap this cycle, outpacing SHIB.

Jake also mentioned Pengu among the five memecoins. Pengu, an eight-month-old token, is trading at $0.0410 after a 3.2% daily increase. It has risen 15% in the past week, bringing its market cap to $2.5 billion. Jake sees Pengu reaching $25 billion by the cycle’s end, saying it has “changed the game” in the memecoin space.

Among the mentioned tokens, SPX posted the most impressive numbers in recent days. SPX trades at $1.97, with monthly gains of 24.7%. Its year-to-date performance stands at 10,575%, and its market cap is $1.6 billion. Jake offered a more unconventional forecast for SPX, claiming it could “flip the stock market” and “go to infinity” in this cycle.

New XRP Price Prediction Points to $11: Details

0

After a bearish start to the month, the market has turned bullish again, and new XRP price prediction scenarios are making the rounds.

XRP is exchanging hands at $3.27, up only 0.63% over the past day but posting 10% weekly gains. Meanwhile, Bitcoin is now on the verge of breaking a new all-time high as it trades above $122K. Ethereum is also making a similar move, now hovering above $4,300 for the first time since 2021.

Amid this promising market, calls for XRP to break into the double-digit price range have become louder than ever. In a tweet, analyst Ali Martinez presented a new XRP price prediction. He specifically stated that XRP is now on a journey to $11.

This outlook comes as XRP has broken free from a major technical formation on its weekly chart. Specifically, Martinez identified the move as a bullish flag breakout, a pattern that signals the continuation of an uptrend after a consolidation phase.

This particular setup formed between late 2024 and mid-2025, following a significant earlier price advance. The upside move saw XRP surge 580%, from under $0.50 to $3.40, before it lost momentum. It then consolidated for about 24 weeks before breaking out again.

The decisive breakout occurred around $2.25, just beyond the 0.786 Fibonacci retracement level. From there, XRP advanced toward $3.66 before entering another minor consolidation. As of now, it is comfortably holding above the breakout zone and maintaining its bullish momentum.

Two Major Upside Objectives for XRP, Per Fibonacci Levels

Applying Fibonacci extension levels to the current structure, Martinez sees two major upside objectives. The first lies at $5.75 (1.272 extension). The second is a long-term target, standing at $11.20 (1.618 extension).

Reaching either level would mark a fresh all-time high for XRP, with $11 representing the first time it would hit double-digit pricing. The resulting market cap would exceed $650 billion — enough to make XRP as valuable as global payment processor Visa.

XRP weekly chart by Ali Martinez
XRP weekly chart by Ali Martinez

On-Chain Signals Add to the Bullish Case

Martinez also highlights on-chain metrics reinforcing the $11 projection. Specifically, XRP’s MVRV ratio has flashed a “golden cross” — when the metric rises above its 200-day moving average. For context, this setup previously preceded 630% and 54% surges in price.

A repeat of the smaller move would lift XRP to roughly $5. A rally of similar magnitude to the larger historical surge could propel it toward $24, giving it a market capitalization in line with global giants like Tesla.

Higher Outlooks

Meanwhile, other market watchers like Carl Moon are calling for a 10x performance for XRP, which would put its price above $30. Carl believes this outlook is possible if Ethereum’s price soars above $20,000. Others, like Dustin Layton, are even calling for $50 XRP by December 2025.

Ultimately, with the long-standing SEC lawsuit now resolved, investor sentiment is strengthening. For the first time in nearly eight years, XRP appears well-positioned to retest its $3.84 peak, and potentially surpass it.

Something Big is Brewing in XRP Futures, Analyst Shares How to Play the Trend

0

The XRP futures trading scene is witnessing an interesting development, and market analyst Cas Abbé has shared how to play the trend.

Notably, XRP has been steadily climbing since early August, holding its ground even during brief pullbacks. XRP pushed past the $3 mark but has continued to battle the bears at this level. Amid this price action, XRP futures trading recently exploded, confirming heightened speculation and liquidity in the market.

Something Big Brewing in XRP Futures Trading 

Market analyst Cas Abbé recently highlighted this, calling attention to the state of XRP futures trading and shared how he plans to play the trend. 

He pointed out that in the past 24 hours, XRP futures trading volume soared 208% to $12.4 billion, surpassing Solana’s $9.6 billion over the same period. Abbé sees this as a sign of massive capital pouring into leveraged trades.

XRP Futures Trading Data Coinglass
XRP Futures Trading Data | Coinglass

He noted that open interest has jumped 15% to $5.9 billion. Notably, this level of open interest often leads to strong moves in either direction. Right now, funding rates sit slightly positive at 0.01%, meaning long traders are paying shorts. Abbé suggests this is proof that the crowd is leaning heavily bullish.

While strong bullish sentiment can keep prices rising, the market analyst warned that it also creates risk. He explained that markets often follow a familiar pattern in these situations: hype builds, prices push higher, liquidity pools form below the market, and then one sharp move can wipe out overleveraged long positions.

How to Play the Trend

The market commentator noted that this kind of shakeout happens often when too many traders pile in without proper risk control.

Despite his cautious stance, Abbé confirmed that he was not bearish on XRP. Specifically, he believes momentum remains strong and sees a break above $3.4 as a trigger for another leg higher in the short term. At press time, XRP changes hands at $3.26, up 2.44% today. It needs a further 4% push from here to overcome $3.4.

However, for his strategy, Cas Abbé revealed that he typically avoids buying during rapid rallies. Instead, he would wait for a pullback into a solid support zone before entering the market. Notably, this gives him a safer setup for the next move up.

In addition, Abbé also stressed that he pays attention to liquidation clusters as part of the strategy. For context, these clusters are price levels where a large number of traders risk forced closures if the market moves against them. The analyst tracks these areas to see where sudden volatility might hit and position himself accordingly.

In his conclusive remark, Abbé noted that with $5.9 billion in open interest within the XRP futures trading scene, the market is on the verge of seeing big swings. He suggested that investors should prioritize risk management over chasing every green candle. Earlier this year, he identified three catalysts that could push XRP to $10.

Here’s Why This Analyst Believes XRP is Now Setting Its Sights on $15

0

XRP has successfully broken above an extensive resistance channel, according to market veteran Ali Martinez, now eyeing a double-digit target.

Martinez’s commentary comes on the back of the latest market-wide rally, which pushed XRP above the $3 psychological mark to a new yearly peak within a week. Notably, XRP has leveraged this uptrend to record an impressive 56% gain in July.

XRP Forms Bullish Structure

Meanwhile, Martinez suggests that the bullish run allowed XRP to break above a key resistance channel it had traded within for months.

For XRP, this initial strong price increase occurred during the November 2024 upsurge. Specifically, after trading around $0.5 to $0.6 for years, XRP rallied in early November 2024 immediately after President Donald Trump won his re-election bid, surging 580% to a seven-year peak of $3.4 in January 2025 before facing resistance.

This initial upward push formed the flagpole of the structure, as highlighted by Martinez in his weekly chart. However, after reaching the $3.4 roadblock, XRP pulled back and entered a consolidation phase from mid-January. The consolidation phase lasted for six months and led to the formation of the flag itself.

A Decisive Breakout

During this period, XRP ranged between the $2 and $3 psychological marks, with occasional dips and upswings outside this range. However, a decisive breakout occurred earlier this month, and XRP appears to have secured its future beyond this pattern.

However, when such breakouts occur, the market often triggers another pullback to retest the breakout and establish a solid support base at the upper trendline before the next leg up. In this case, XRP could retest the upper trendline around the $2.4 to $2.5 range. After this, another massive upsurge could ensue.

Martinez expects this upsurge to lead to new all-time highs for XRP in the double-digit price range. According to the analyst, XRP now sets its sights on the $15 price mark, which represents a 328% increase from the current price of $3.25. Also, this $15 target marks a 525% rise from the breakout price of around $2.4.

XRP First Targeting $4

Meanwhile, Crypto analyst Dom pointed out that about 29 million XRP in sell orders sat between the breakout price and $3.50 on Binance and Coinbase. 

Notably, these sell walls lined up almost exactly with XRP’s all-time high, which he called the “final boss” standing in the way of real price discovery after nearly a decade of choppy price action.

Dom noted that the push to $3.25 drew strong trading activity across major platforms, with Binance and Upbit leading the charge. However, he also warned that the next move won’t come easily. 

He said it was roughly three times tougher to move XRP from $3.25 to $3.50 than it was to move from $3 to $3.25. Interestingly, XRP has since broken above this large supply wall. At the time of his analysis, Dom suggested that when this happens, a run to $4 could be the immediate target.

Media Personality Reveals XRP Price Target for 2025 if Bitcoin Hits $145K and Ethereum Claims $5,350

0

Jake Gagain, a notable media personality, has revealed his XRP price target for 2025 in a scenario where Bitcoin rises 24% and Ethereum spikes 28%.

The crypto market has continued to show that the bull run remains intact, often recovering after each drawdown. Notably, the latest recovery effort emerged after a massive drop in prices from late July to early August. After the total crypto market cap slumped to $3.56 trillion on Aug. 2, it recovered, rising to the current value of $3.87 trillion.

Interestingly, data from the Bitcoin dominance chart, which has collapsed from 62.6% to 60% through this recovery, indicates that altcoins like Ethereum have championed the latest rebound effort, potentially leading to the much-awaited altcoin season.

XRP Price Target for 2025

Amid this growing trend, several market watchers have presented what they believe could be the top prices of several crypto assets. Jake Gagain is the latest to make such a presentation, predicting price targets for Bitcoin, Ethereum, XRP, and other top mainstream assets.

Specifically, Gagain noted that the XRP price target for 2025 sits at $7.75, which would mark a new all-time high. Notably, XRP currently changes hands at $3.32, having gained nearly 10% in August alone. From this position, XRP would need to rally by just 133% to reach the $7.75 projected top price. 

XRP Price Target from Jake Gagain
XRP Price Target from Jake Gagain

Interestingly, earlier this year, analyst Dark Defender predicted a rally to a level that aligns with Gagain’s XRP price target for 2025. According to Dark Defender, XRP was following a five-wave Elliott Wave structure, and the fifth wave would lead to a price around $8.

While several market watchers agree that XRP could reach $7 to $8 this year, most insist that this would not mark its top price. In May, market commentator Xena admitted that a run to $8 this year would be impressive, but suggested that it is barely an achievement worthy of celebration. 

Last month, Aaron Arnold, co-host of Altcoin Daily, revealed that his XRP price target for 2025 is $10. He boldly branded this figure a “realistic” target for the altcoin. 

Predictions for Other Crypto Assets

Meanwhile, besides XRP, Jake Gagain also presented price targets for Bitcoin and other altcoins. Specifically, he predicted that Bitcoin could soar to a price of $145,000 in 2025. This represents a 24% increase from Bitcoin’s current price of $116,887, and aligns with a prediction from analyst Stockmoney Lizard. 

For Ethereum, Gagain projects a rally to $5,350, representing a spike of nearly 28% from the market price of $4,192. He also expects BNB to soar 54% to $1,250 and Solana (SOL) to grow 134% to $425. Further, the market expert believes Cardano (ADA) will rise 177% to $2.25 and SUI will increase 249% to claim a new peak of $13. 

Here’s Potential Price for Shiba Inu if Dogecoin Hits $1.50

0

A veteran crypto investor has predicted that Shiba Inu could clinch a new all-time high (ATH) if Dogecoin reaches an ambitious target of $1.50. 

“Investments CEO” took to X to predict a major rally that could drive the prices of major assets like Dogecoin and Shiba Inu to new heights. In the bullish forecast, the analyst projected that Dogecoin will rally to $1.50, marking a new all-time high for the firstborn meme coin. 

Notably, the analyst suggested that Shiba Inu will not be left out of the rally. According to him, SHIB could reach an ambitious target of $0.001, translating to a market cap of roughly $589 billion. 

No Major Fundamental Backing Projections 

Investments CEO did not outline any fundamentals that could help DOGE and SHIB hit the ambitious targets of $1.5 and $0.001, respectively. Instead, he encouraged his nearly 600,000 followers to interact with the post to make the prediction come true. 

The rationale behind the call is that the engagement could attract the attention of new investors and potentially fresh capital to the tokens. 

Shiba Inu to $0.001 Price Predictions

Nonetheless, the $0.001 Shiba Inu price forecast aligns with similar projections from top analysts like LuckSide, Crypto Sheriff, and Krao.

In one of our analyses, we estimated that it would take Shiba Inu around 17 years and one month to clinch the $0.001 target if its price grows 30% annually beginning from July 2025. 

Popular market commentator Armando Pantoja predicted in August 2024 that the Shiba Inu market would soon experience rapid demand that would eventually push its price to $0.001. 

Following the approval of spot-based Ethereum ETFs, Coinpedia Markets projected that SHIB could spike between 10x and 100x, potentially driving Shiba Inu’s price beyond $0.001 to $0.0016. 

Bearish Performance Looms in August 2025?  

Meanwhile, data from CryptoRank suggests that Shiba Inu might be gearing up for a bearish performance this month. 

Since 2021, Shiba Inu has only ended the month of August in green on two occasions. It saw a spike of 10.1% in August 2021 and a slight gain of 3.36% in August 2022. However, the subsequent months, August 2023 and August 2024, ended in losses, with the token crashing 5.44% and 13.3%, respectively. 

Shiba Inu monthly return
Shiba Inu monthly return

 

XRP Price News: With SEC Battle Over, Can XRP Hit $5, $10, or $20

The nearly five-year legal battle between Ripple and the U.S. SEC is officially over, and attention has now turned to XRP price potential.

For context, the news of the case closure came on Thursday after the SEC and Ripple officially filed a motion to dismiss their appeals. Ripple’s Chief Legal Officer confirmed that the company is now back to focusing on business expansion.

The effect of this news on XRP has been significant. The coin has surged over 12% in the past day, currently trading at $3.35. Now, the discussion in the XRP community is shifting to how high the coin could realistically go.

Notably, XRP still remains below its all-time high of $3.84. With the lawsuit finally over, can the token climb to $5, $10, or even $20 in the coming years?

Artificial intelligence tools, including OpenAI’s ChatGPT and xAI’s Grok, have weighed in with scenarios, probabilities, and key factors to watch.

“XRP Path to $5 Within Reach”

Both AI models see $5 as a realistic short-term target, potentially achievable by late 2025 or early 2026. This outlook aligns with previous predictions from Aaron Arnold, host of Altcoin Daily.

Notably, the AI tools identified additional factors that could drive XRP to $4 and beyond, including fresh liquidity, institutional inflows, and a strong altcoin cycle in which Bitcoin’s dominance declines.

Bitcoin’s dominance has already dropped by 6.55% over the past month, which may explain XRP’s outperformance relative to BTC during this time.

Moreover, the chatbots suggested that XRP breaking past its 2018 all-time high of $3.84 would create renewed optimism in the market.

Will XRP Progress to $10?

Notably, reaching $10 would require a market cap of roughly $600 billion, a massive leap from XRP’s current valuation of $198 billion.

According to the AI models, one of the key conditions for XRP to reach this level is widespread adoption of Ripple Payments by global banks and remittance firms.

Just yesterday, Ripple disclosed its acquisition of Rail for $200 million to strengthen its position in global stablecoin payments. This move follows Ripple’s partnership with BNY, the oldest U.S. bank, for the custody of its RLUSD stablecoin. It aims to enhance institutional trust and bridge traditional and decentralized finance.

Meanwhile, ChatGPT and Grok also noted that sustained ETF inflows, similar to Ethereum’s $5 billion in July, could bolster XRP’s path to $10. Notably, XRP ETFs are still under review.

They added that strategic global partnerships, such as with SBI Japan (which already uses XRP for transactions), will further add to the token’s momentum.

Notably, AI estimates suggest XRP could reach $10 between 2028 and 2030. They also noted it could happen sooner in the case of an altcoin supercycle supported by strong institutional interest.

$20: The Moonshot Scenario

Meanwhile, at $20, XRP’s market cap would surpass $1.2 trillion, making it one of the most valuable assets in the world.

According to ChatGPT, reaching this level would require near-universal adoption for cross-border settlement, rivaling SWIFT in major financial corridors.

ChatGPT commentary on XRP reaching $20
ChatGPT commentary on XRP reaching $20

Recall that Ripple CEO Brad Garlinghouse has stated the XRP Ledger could capture up to 14% of SWIFT’s transaction volume within five years.

Furthermore, the AI models suggested that mass tokenization on the XRP Ledger, potentially capturing part of the estimated $50 trillion tokenized asset market by 2030, could further strengthen XRP’s case for a $20 valuation.

Lastly, they cited uninterrupted bullish market conditions and global regulatory clarity as essential. A growing number of industry leaders have already said that the era of traditional bear markets may be coming to an end.

Probability Scores for $5, $10, and $20 XRP Prices

While possible, Elon Musk’s Grok assigns only a 20–30% probability of XRP hitting $20 by 2030.

However, for a $5 XRP, Grok sees a 70–80% probability in the next major bull run. As for $10, it gives a 40–50% probability, particularly if Ripple achieves large-scale adoption.

Groks analysis of XRP reaching $5, $10, and $20
Grok’s analysis of XRP reaching $5, $10, and $20

Ultimately, with the SEC case now behind it, XRP has removed one of its biggest barriers. Eyes are now on how high the coin could go.

Donald Trump-Inspired World Liberty Financial Exploring $1.5B Crypto Vehicle to Hold WLFI Tokens

0

The Donald Trump-inspired World Liberty Financial is exploring plans to create a publicly traded crypto vehicle to hold its WLFI tokens.

Notably, World Liberty Financial is already pitching the idea to top Wall Street investors and targets $1.5 billion in fundraising to create and launch the company, Bloomberg reported on August 8. The new prospect adds to the Trump family-backed venture’s many explorations of the digital asset landscape, this time joining the crypto treasury firm boom.

Details of Deal Still Unclear

Meanwhile, the report, which cited people familiar with the issue, noted that the groundwork of the deal is still being finalized. While they did not reveal further details, they disclosed that World Liberty Financial has involved big investors and major crypto industry leaders, and discussions are advancing rapidly.

Notably, the teased $1.5 billion public firm would hold the WLFI token. World Liberty created the token as a non-transferable governance asset, but the public listing would make the tokens tradable in the open market.

World Liberty Financial, which initially set out as a DeFi platform to disrupt the traditional financial giants, would further broaden its crypto venture with the public firm. Recall that in March, it launched its dollar-pegged stablecoin, USD1, on Ethereum and BNB Chain.

World Liberty Financial to Leverage the Crypto Treasury Buzz

With Strategy’s (formerly MicroStrategy) treasury success, several other corporate firms have mirrored its Bitcoin strategy. Firms like Metaplanet and Semler Scientific have all abandoned their primary business model to offer indirect exposure to the orange pill.

Bitcoin treasury firms have raised approximately $79 billion this year alone, outdoing the US Bitcoin ETFs in the first half of the year. Notably, these numbers suggest growing demand for Bitcoin exposure amid mainstream emergence.

Meanwhile, Ethereum treasury firms are also increasing rapidly, with the SharpLink and Bitmine leading the pack. As a result, World Liberty Financial aims to leverage this corporate treasury buzz to expand its crypto business.

Notably, the report, citing previous deals, suggested that the World Liberty treasury venture would take over a shell company already listed on major stock exchanges to enter the public market.

Recall that World Liberty Financial raised $550 million from the sale of its WLFI token, with a considerable percentage of it going to Trump’s purse. The firm has used some proceeds from the sales to buy cryptocurrencies like Ethereum, Ondo, and Aave in preparation for its DeFi business.

Expert Predicts XRP Price Targets for Wave 5

XRP could be entering the final stage of its current bullish cycle, according to crypto analyst Mr. Xoom.

Using Elliott Wave Theory, he suggests that XRP is no longer in Wave 3, as some traders believe. In his view, XRP has already transitioned into Wave 5, the final leg of the five-wave pattern.

Wave 3 Was the Major Breakout

In his analysis, Mr. Xoom emphasized that Wave 3 is typically the strongest and longest rally in the cycle. He noted that XRP had already surged from around $0.50 to $3.39 during this wave, marking an impressive 575% gain.

For context, this breakout occurred in early November when XRP was last seen at $0.49 and went on to surpass $3 by late January.

Following this, the XRP market entered Wave 4, a corrective phase that consolidated gains before setting the stage for the next move. Notably, during this time, the XRP price lost the $3 level, dipped below even $2, and later touched $1.60 in April.

From this point, the bulls stepped in, and XRP has rebounded massively since then. According to Mr. Xoom’s chart, XRP ended Wave 4 at that $1.60 bottom, commencing Wave 5.

In Elliott Wave Theory, Wave 5 often delivers notable gains. Indeed, since touching a bottom in April, the XRP price has reached its highest point yet.

Specifically, XRP climbed to $3.66 in mid-July, a price level last seen nearly eight years ago. This marked a rebound of around 129% from the April low. Although XRP has cooled off slightly, Mr. Xoom suggests the road to much higher prices remains intact.

Image

Final Push Could See XRP Hit $7–$10

Mr. Xoom projects that the final rally could drive XRP to between $7 and $10. With XRP trading at $3.31 at press time, this promising outlook suggests a potential upside of 111% to 202% from current levels.

The analyst noted that while the rally may not match Wave 3’s intensity, it could still mark a significant peak for this market cycle. For context, a $7 price would put XRP’s market cap at $415 billion — near the valuations of Netflix and Mastercard.

Meanwhile, a $10 price for XRP would imply a market cap of nearly $600 billion, rivaling Visa’s valuation.

Supporting Analysis

Other market watchers have similarly used Elliott Wave Theory to project peak prices for XRP beyond $10.

In April, XForceGlobal, Korea’s first certified Elliott Wave analyst, predicted that XRP was primed for a major breakout to $10 or higher. He cited a completed WXY corrective pattern and a setup for a larger bullish cycle.

Meanwhile, in June, using Elliott Wave analysis and Fibonacci extensions, analyst EGRAG forecast a Wave 5 target between $9 and $10, with a possible stretch to $27 if momentum is sustained.

Eric Trump Says “You Will Be Run Over” If You Bet Against Bitcoin and Ethereum

0

Eric Trump has recapped his bullish price outlook for Bitcoin and Ethereum, warning that bears will face severe losses if they persist in betting against them.

The pro-crypto son of the US President Donald Trump suggested to his 5.8 million X followers that Bitcoin and Ethereum—the two largest cryptocurrencies by market cap—are similar to a moving train. As a result, betting against them would get one run over.

He shared this bullish sentiment on Friday as the broader cryptocurrency market rebounded from the recent scare. Specifically, Bitcoin rallied past $117,000, and Ethereum reclaimed $4,100, fueled partly by recent executive orders signed by Trump.

Eric Trump Takes Delight as Ethereum Bears Rekt

Specifically, he revealed that seeing Ethereum shorts getting smoked “puts a smile” on his face. Notably, Eric has been a longstanding Ether bull, often urging crypto enthusiasts to buy every Ethereum dip while they can.

With the recent Ethereum price resurgence sparking massive bear position liquidation, Eric Trump taunted those who were at the receiving end of this loss. According to him, betting against Ether is like waiting to be run over.

Meanwhile, this comes as Ethereum rallied past $4,100 for the first time since December 2024. It finally breached the $4,000 resistance as analyst Benjamin Cowen predicted last month, liquidating bears in no small way.

For context, Ethereum positions worth $208 million faced liquidation in the past 24 hours, accounting for over 56% of the total $369.7 million lost in the futures market. Of the number, $183.6 million were short positions, with just $24.4 million in longs affected.

Screenshot 2025 08 09 080224
Crypto Liquidation Heatmap | Coinglass

Possible Catalysts and Future Ethereum Price Outlook

Interestingly, this Ethereum resurgence has come as institutional interest in Ethereum increases. The emergence of Ether treasury companies, which have incessantly acquired the asset, and inflows from the US Ethereum ETFs have been major catalysts.

Furthermore, the new narrative that Ethereum would benefit from the stablecoin legislation recently signed into law in the US has also solidified its traction with institutions. Tom Lee, the CIO of Fundstrat and Bitmine chairman, has been fronting this sentiment, recently noting that Ethereum is having its 2017 moment now.

With the surge above the crucial resistance, optimism of higher prices among market users has received a substantial boost. Lee earlier predicted a rally to $16,000 by the end of this year, with analyst Carl Moon betting on a near 7x rally to $25,000.