Home Blog Page 636

Cardano Founder Welcomes as OpenZeppelin Unveils Compact Contracts for Midnight

Sam Wisdom Raphael
-
0
Cardano Founder Welcomes as OpenZeppelin Unveils Compact Contracts for Midnight

Cardano founder reacts as OpenZeppelin, a top name in blockchain security and smart contracts, rolls out its first set of Compact Contracts for Midnight.

In a post on X, the OpenZeppelin team announced that these contracts are now open for public testing. They introduced building blocks for private smart contracts on Midnight, including tools for creating fungible tokens and NFTs. OpenZeppelin is also linked to the official GitHub repository for developers to explore the code.

The GitHub repo, called “compact-contracts,” breaks down the early-stage project. Specifically, OpenZeppelin is building a smart contract library using Compact, a programming language created for Midnight. 

Details of the Midnight Compact Contracts from OpenZeppelin 

These contracts aim to bring secure, privacy-first tools to a blockchain platform built for confidentiality. The goal is to help developers easily create private decentralized apps that fit Midnight’s privacy standards.

Notably, OpenZeppelin clarified that the code is experimental. They opened it for testing but warned developers not to use it in real-world projects yet. Moreover, the team urged anyone who finds issues to report them directly to them.

Importantly, the repo includes smart contract modules like “FungibleToken.” It also features helper tools like Initializable and Pausable, which let developers set up contracts or temporarily stop them when needed. Developers can also test the system using mock contracts provided in the repo.

To work with the code, developers need to install Node.js, yarn, turbo, and the Compact compiler. Notably, the project is still in its early days. So far, three contributors have worked on it, and most of the code is written in TypeScript. Additionally, OpenZeppelin hasn’t yet released an official package, but the team has opened the repository to gather feedback and encourage community involvement.

Responding to OpenZeppelin’s X post, Cardano founder Charles Hoskinson welcomed the team to the Midnight ecosystem. His message showed support for the collaboration and indicated how important this step is for the privacy sidechain’s growth.

Midnight Gradually Pushing Toward Mainnet Launch

Midnight itself has seen multiple recent developments. For instance, on June 11, 2025, the team took a snapshot for the Glacier Drop airdrop. Notably, anyone holding at least $100 in crypto across supported blockchains, including Cardano, Bitcoin, Ethereum, and others, became eligible to claim NIGHT tokens. 

The airdrop kicked off in July and will run for 60 days. Half of the tokens go to Cardano users, while the rest are split between holders of other major coins. Any unclaimed tokens will move to a system called the “Scavenger Mine,” which lets users earn them through computational mining.

Meanwhile, the Midnight ecosystem continues to expand. On July 8, the ecosystem added Bodega Market, a new privacy-preserving prediction market that rivals Polymarket. The Midnight mainnet will go live later this year, around 90 days after the airdrop began.

The network’s native token, NIGHT, powers everything. Holding it earns users DUST, a private resource that covers transaction fees without exposing account activity. DUST burns after use and doesn’t change hands, which helps stabilize fees and protect user privacy.

Could Ripple Become an XRP Treasury Company in 12 Months? Bitwise CEO Ponders

Abdulkarim Abdulwahab
-
0
Could Ripple Become an XRP Treasury Company in 12 Months? Bitwise CEO Ponders

Hunter Horsley, CEO of Bitwise Asset Management, has joined the discussion about Ripple pivoting into an XRP treasury company.

In a tweet today, Horsley sparked a conversation about Ripple potentially becoming an XRP treasury company over the next 12 months. Specifically, he said he wonders whether people will refer to Ripple as an XRP treasury firm by next year.

Bitwise CEO on Ripple XRP Treasury Talks

Horsley’s tweet comes at a time when discussions around XRP’s role on corporate balance sheets are heating up. Notably, institutions such as Webus and Trident Digital are raising nearly $1 billion for various XRP-based treasuries. This supports the idea that XRP is evolving beyond just a payment bridge.

Now, Horsley’s question hints at the possibility that Ripple, currently focused on payments infrastructure, could evolve into a full-fledged XRP reserve-driven entity, much like how MicroStrategy has positioned itself with Bitcoin.

Indeed, this speculation also reflects growing awareness of Ripple’s vast XRP holdings and how they could be leveraged in future treasury strategies.

Ripple Holds 40% of XRP Supply, But Is That a Reserve Strategy?

Notably, Ripple controls approximately 41% of the total XRP supply, which is about 40.92 billion XRP, worth an estimated $94 billion. However, much of these holdings are in escrow.

While the company maintains these holdings for liquidity management, both critics and supporters are beginning to reframe them as a form of undeclared reserve strategy.

Some XRP advocates, such as Edoardo Farina, speculate that Ripple’s escrowed XRP may already be earmarked for institutions like the IMF. While this theory is popular in XRP circles, it remains unconfirmed.

Meanwhile, critics like Gary Cardone question why Ripple hasn’t officially declared itself an XRP treasury company, especially if it truly believes in XRP’s potential to skyrocket in value.

X user Ojo Oluwani humorously remarked that Ripple becoming an XRP treasury firm would be the “ultimate plot twist,” after years of emphasizing that XRP is separate from Ripple. He added that, given Ripple’s holdings, it is effectively a treasury company already, just without admitting it.

But Ripple Already Holds Too Much XRP

The real question now is whether Ripple will eventually shift from simply holding XRP to actively structuring its balance sheet around it as a deliberate treasury policy, similar to MicroStrategy.

However, XRP supporters see irony in these suggestions. They note that critics often complain that Ripple holds too much XRP, yet simultaneously suggest the company adopt a strategy of continuously buying more.

Expert Says Going All-In on XRP Should Be a Priority

Abdulkarim Abdulwahab
-
0
Expert Says Going All-In on XRP Should Be a Priority

Widely followed crypto commentator Oscar Ramos has warned market participants that going all-in on XRP should be a priority.

He suggests that investors should view XRP not just as an option, but as a must-have in their portfolios as the crypto market turns bullish again.

Just yesterday, Bitcoin reached a new all-time high, confirming a peak price of $112K. This upward momentum has significantly boosted the altcoin market, with XRP emerging as one of the top beneficiaries.

Beyond Bitcoin’s rally, XRP is also gaining from a series of bullish developments surrounding its expanding utility, Ripple, and its stablecoin RLUSD. These developments are fueling renewed optimism about XRP as the altcoin season heats up.

Bullish News Supporting the Case for Going All-In on XRP

For instance, on Thursday, Ripple named BNY, the oldest running U.S. bank, as the primary custodian for the reserves backing its RLUSD stablecoin. This move aims to accelerate institutional adoption by bridging traditional finance with digital assets.

Ripple will also leverage BNY’s transaction banking services to streamline its operations. This partnership follows the Federal Reserve’s rollback of anti-crypto policies, allowing banks to engage with crypto assets without needing prior approval.

Meanwhile, Ripple is actively working to expand RLUSD adoption by applying for a national bank charter and a Federal Reserve master account. RLUSD recently surpassed TrueUSD to become the eighth-largest stablecoin, with a market cap exceeding $500 million.

XRP supporters view RLUSD’s integration as bullish for XRP, given that the stablecoin runs on the XRP Ledger and uses XRP to pay transaction fees.

ETF Developments

XRP proponents are also optimistic about the token’s prospects on the ETF front, as July is shaping up to be a pivotal month. Multiple futures-based XRP ETF proposals are set to launch this month.

ProShares plans to introduce three XRP futures ETFs by July 14, offering leveraged exposure to XRP’s daily performance. Turtle Capital’s 2X Long XRP ETF is also launching on July 21, the same day Volatility Shares plans to debut two XRP ETFs.

While the SEC has approved several futures-based XRP ETFs, it has yet to greenlight any spot versions. Currently, over 10 spot XRP ETF applications remain under review.

Whales Accumulating XRP to All-Time Highs

Amid these bullish developments, whales are positioning themselves accordingly. According to the latest update from Santiment, the number of wallets holding at least one million XRP is nearing an all-time high.

As of now, there are 2,742 such wallets, just one shy of yesterday’s record of 2,743. Collectively, these large holders control a staggering 47.32 billion XRP. This growing accumulation signals strong confidence from major investors in XRP’s long-term potential.

XRP Price Reacts

This trend of accumulation is already being reflected in XRP’s price. The token has reached its highest price level in seven weeks, currently trading above $2.40.

The last time XRP was at this level was in May. At press time, XRP is trading at $2.45, up over 5% on the day.

Ramos’s suggestion that going all-in on XRP should be a priority is a warning to investors not to miss out on the next wave. Recall that XRP defied expectations in the last quarter of 2024, leaving critics in regret after the coin delivered a 7x return.

Here’s the Timeline for XRP to Reach $100 if It Gains 3% Every Month

Sam Wisdom Raphael
-
0
Here’s the Timeline for XRP to Reach $100 if It Gains 3% Every Month

How long would it take XRP to reach a triple-digit price milestone if it maintained a consistent monthly gain of 3%?

XRP has recovered this July with strong momentum, jumping 9.76% so far and trading at $2.42. Notably, this surge has caught the attention of investors, especially as the broader crypto market shows signs of recovery. Some believe XRP’s season has now begun.

However, with the renewed energy, we recently assessed how long it would take XRP to reach $100 if it grew 3% every month from here. To evaluate this, we ran a projection based on this steady monthly gain. 

XRP Journey Through a 3% Steady Monthly Growth

Starting at $2.42 in July 2025, XRP would rise gradually over time. By the end of this year, December 2025, the price would climb to about $2.81. Meanwhile, one year later in June 2026, XRP would reach $3.35. This might not sound like much at first glance, but compound growth builds up over time.

Notably, month by month, XRP would continue pushing higher. If it sticks to the 3% pace, it will hit the $10 mark by July 2029. Two years later, by July 2031, it would climb to around $20. In May 2032, the price would break past $27. Then, in February 2034, it would cross the $50 level. 

Interestingly, several analysts and market pundits have persistently championed these targets, but the timelines vary. For instance, in May, analyst DK64Trades said he was confident XRP would breach $10 this cycle. Also, last November, CryptoBull suggested an XRP run to $20 is possible if it follows its 2017 fractal. 

Meanwhile, for the $27 price level, market watcher EGRAG has consistently suggested XRP is on track to reach the target. Further, Cryptominder projects that XRP may reach $50 over the next five years, in 2030.

When Will XRP Finally Reach $100?

Notably, the timelines presented by these analysts are more optimistic than what our assessment arrives it. According to our assessment, XRP would reach $100 by January 2036, ending a ten-and-a-half-year run from its current price. Overall, the entire journey would take 126 months for XRP to reach $100. 

However, this kind of smooth, uninterrupted climb doesn’t show how XRP, or any crypto, for that matter, actually behaves. History shows a different pattern. Specifically, XRP has never managed to pull off long streaks of green months. 

Its best years, 2017 and 2023, only saw eight monthly gains each. Even then, those gains never came back-to-back for more than four months in a row. In most other years, XRP posted even fewer green months. 

XRP Monthly Performances Cryptorank
XRP Monthly Performances | Cryptorank

So far in 2025, it has split the year evenly with three positive and three negative months. That track record makes it clear: the crypto market rarely follows a neat pattern.

Crypto prices don’t grow on a set schedule. Notably, several forces will likely impact XRP price continuously without warning. So, expecting a steady 3% monthly climb for more than a decade doesn’t line up with how the market works.

Still, the idea of XRP reaching $100 dominates the community. Many investors believe it could get there, just not through slow and steady growth. They expect it to surge more quickly in response to major catalysts like adoption for payments. 

Full Recap: Here’s What Ripple CEO Revealed at the Latest U.S. Senate Testimony

Lele Jima
-
0
Full Recap: Here’s What Ripple CEO Revealed at the Latest U.S. Senate Testimony

Brad Garlinghouse, the CEO of Ripple, testified before the U.S. Senate Banking Committee at its first hearing on crypto market structure legislation. 

The hearing, which took place yesterday at 10:15 a.m. (ET), saw Garlinghouse and other crypto stakeholders, such as Summer Mersinger of the Blockchain Association and Dan Robinson of Paradigm, testify before Congress.

For context, the hearing focused on market structure legislation, which aims to provide regulatory clarity and end the longstanding confusion over which tokens constitute securities or commodities.

Garlinghouse Remarks

During the hearing, Garlinghouse provided a comprehensive overview of Ripple’s operations, XRP’s functions, and why U.S. lawmakers should enact clear legislation for the industry.

Ripple’s Operations

He began by introducing himself as the CEO of Ripple, a company with over 900 employees across 15 global offices. Garlinghouse emphasized that Ripple was launched over a decade ago with the aim of “enabling the internet of value, a world where money moves like information does today.”

According to him, Ripple builds software products for custody, stablecoins, and cross-border payments. Through these products, Ripple has helped financial institutions serve their customers better by speeding up and lowering the cost of money transfers.

“These are not abstract concepts. We work every day with banks that rely on our technology to deliver real results in the global economy,” Garlinghouse said.

XRP Functionalities

Notably, Garlinghouse emphasized that the XRP Ledger (XRPL) is the technology that powers Ripple’s software products. He stated that Ripple leverages the XRPL and its native token, XRP, for facilitating cross-border payments. He described XRP as a token designed to enable low-cost, fast, and highly scalable transactions.

Ripple Compliance-First Approach

Garlinghouse also highlighted Ripple’s compliance-first approach, noting that the company has worked with global policymakers since day one.

This commitment has led to Ripple obtaining over 60 licenses from regulators in the United States and abroad. These licenses cover various sectors, including payments, money transmission, and crypto operations.

Core Principles of Smart Legislation

Addressing the main topic of the hearing, Garlinghouse outlined what he considers the core principles of smart legislation.

In his view, such legislation should focus on protecting consumers from scams and fraud, establishing proper market oversight, holding bad actors accountable, and fostering innovation.

He believes that establishing a framework for digital assets and stablecoins that meets these objectives will broaden access to financial markets, generate jobs, strengthen the economy, and position the U.S. as a global leader in blockchain and cryptocurrency.

Ripple Victimized By Lack of Clear Rules

Furthermore, Garlinghouse reflected on how the lack of clear rules has hindered the U.S. crypto industry from making meaningful progress. He stated that Ripple experienced firsthand how regulatory uncertainty can be weaponized against good actors.

He acknowledged that Ripple was the first leading U.S. crypto company to be sued by the SEC. The lawsuit, filed in December 2020, alleged that Ripple violated securities laws through its offering and sale of XRP.

According to Garlinghouse, Ripple and other crypto companies understood that losing the lawsuit could have been a “death knell” for the U.S. crypto industry. This motivated Ripple to defend itself. After a four-year legal battle, Ripple “won in everything” that mattered.

“Our victory cleared the path for other market participants to fight back,” he asserted.

For context, a federal court ruled that XRP is not a security in itself. The court also found that XRP sales on digital exchanges did not constitute investment contracts. However, it determined that certain institutional sales did violate securities laws.

Although both parties initially appealed the verdict, they have since agreed to drop the lawsuits and end the multi-year legal dispute.

Notably, Garlinghouse said Ripple has been engaging with policymakers despite the headwinds to ensure the industry gets the much-needed clarity.

Need for Smart Legislation

Furthermore, the Ripple CEO emphasized the need for principled and smart legislation. He outlined three legislative priorities that Congress should consider when passing effective legislation.

First, Garlinghouse recommended that Congress set clear jurisdictional boundaries for U.S. financial regulators, such as the CFTC and the SEC.

Second, he opined that policymakers should prioritize establishing pathways for companies to build without compromising investor protections.

Lastly, Garlinghouse said Congress should pass smart legislation that guarantees America’s leadership in the crypto sector. He suggested that the U.S. could establish its leadership by leveraging the benefits and efficiencies of digital assets.

Why the US Deserves to be the Leader of Crypto

With over 55 Americans currently participating in the crypto economy, Garlinghouse stressed that the U.S. should be the undisputed leader of the industry.

He stated that the U.S. is home to the deepest capital markets and a spirit of innovation that has driven the nation since its inception.

He concluded by urging the Banking Committee and the full Senate to pass market structure legislation that would establish clear rules and solidify America’s leadership in the sector.

“Once market structure legislation for digital assets becomes law in the U.S., it will catalyze a new era of U.S. competitiveness and unlock efficiencies in financial transactions—dramatically helping consumers and businesses alike,” he asserted.

2,700+ XRP Wallets Hold 47B XRP Ahead of Key Decisions

Zabi
-
0
2,700+ XRP Wallets Hold 47B XRP Ahead of Key Decisions

XRP has surged to a 7-week high of $2.43 amid rising whale accumulation.

The rally is also fueled by anticipation surrounding multiple XRP ETF approvals expected in July.

Today, XRP has reached its highest value in seven weeks, crossing the $2.39 mark for the first time since May 23. At press time, XRP is trading at $2.43, marking a 4.60% gain over the past 24 hours and a 6.85% increase on the week. XRP is currently the fourth-largest crypto with a market capitalization of $143.84 billion.

Whales Drive XRP Surge

The price surge comes as new data from blockchain analytics firm Santiment shows a growing number of large-scale investors accumulating XRP.

According to the latest data, 2,742 whale wallets now hold at least 1 million XRP tokens. This is just one short of the all-time high of 2,743 wallets recorded a day earlier. Collectively, these addresses hold around 47.32 billion XRP, indicating a renewed long-term confidence in the digital asset.

Image
Chart of XRP Whale Accumulation from Santiment

ETF Decisions on the Horizon

The timing is significant, as July is shaping up to be a pivotal month for XRP. Several exchange-traded funds (ETFs) are awaiting potential approval from the U.S. SEC.

The first major decision is expected on July 14. On that day, ProShares plans to launch three XRP futures ETFs: Ultra XRP ETF, UltraShort XRP ETF, and Short XRP ETF. These funds would provide investors with 2x leveraged exposure to XRP’s daily performance.

Turtle Capital is also set to launch a 2X Long XRP Daily Target ETF on July 21. This is pending clearance from the SEC.

On the same date, Volatility Shares aims to debut two additional futures-based ETFs: the Volatility XRP ETF and the 2x XRP ETF.

Meanwhile, REX-Osprey XRP ETF is scheduled to launch on July 25, pending SEC approval.

Beyond future products, more than 10 spot XRP ETF applications are currently under review. The SEC faces an October deadline to deliver final decisions on these submissions. The outcome could have a long-term impact on both institutional adoption and price trajectory.

Aside from the highly anticipated ETF approvals, the ongoing lawsuit between Ripple and the SEC remains a major focus. The crypto market is closely watching for a full dismissal of the SEC’s case against Ripple — a development that could significantly boost investor confidence and positively impact XRP’s price trajectory.

Every Time Dogecoin Forms This Pattern, Price Takes Off: Top Analyst

Elendu Benedict
-
0
Every Time Dogecoin Forms This Pattern, Price Takes Off: Top Analyst

Dogecoin price could take off from its current position, as a top analyst identifies a historically bullish pattern on the daily timeframe.

Dogecoin (DOGE), the largest meme coin by market capitalization, has endured a period of negative price trend since the start of the year, mirroring the broader altcoin market’s underperformance. For context, the meme coin is down 42% year-to-date and 75% away from its all-time high.

Bullish Trends Underway?

Notably, the last three weeks have been positive for Dogecoin. It has rebounded 19% from $0.1514 in mid-June and is on course for its third consecutive weekly uptrend. This week alone, DOGE is up 5%, sparking a meme coin revival.

Meanwhile, further bullish developments are emerging from the DOGE/USD chart, according to prominent analyst Ali Martinez, who shared this in a recent commentary. He noted that a bullish pattern has emerged, with a history of price takeoffs for Dogecoin.

Specifically, he noted that DOGE is trending within a parallel channel and currently sits at its bottom. The channel has two partitions, one at the lower resistance around June’s high of $0.20, and the other at the higher resistance at May’s high of $0.25.

Dogecoin Parallel Channel
Dogecoin Parallel Channel

Citing the historically bullish nature of this price formation, he predicted that Dogecoin could rally extensively from here to two targets. First, he suggests a retest of the lower resistance at $0.20, an area that DOGE has seen multiple rejections this year.

For perspective, DOGE faced a massive supply wall around the $0.2 region on March 26, from where it retraced to April’s low of $0.129. The resistance level also prevented further upside on April 26 and most recently on June 11.

If DOGE successfully reclaims the $0.20 price mark, it will target the $0.25 resistance. Dogecoin faced a dual rejection from the area in May, an indication of its concentrated supply pressure. Notably, how Dogecoin reacts to this level will determine its near-term trend.

Based on the current price, DOGE would need to rally by 9.5% and 36% to reach $0.2 and $0.25, respectively. Interestingly, Martinez also highlighted that a buying spike would catalyze the possible rally.

Aligning Dogecoin Price Expectations

Martinez’s price outlook aligns with Tom Tucker, who highlighted Dogecoin’s path to $0.25 in a recent analysis. Tucker identified a double bottom price formation on the daily chart, a pattern that typically signals the end of a bearish trend and an impending bullish reversal.

Several other analyses hint at this price target, with an analysis from The Crypto Basic recently citing a bullish divergence and growing open interest as major catalysts. Nonetheless, there are far higher targets for DOGE this cycle.

For instance, some suggest a rally to $0.46, $1.4, and $4, highlighting Dogecoin’s recurring pattern from previous cycles. A notable analyst, CryptoELITES, insisted that $5 is the threshold for DOGE, and those who do not expect it know nothing.

Nonetheless, Martinez earlier highlighted key resistance levels to watch using the UTXO Realized Price Distribution chart. Specifically, some of the levels include $0.18, $0.21, and $0.36

DOGE trades at $0.182 at the time of writing.

Bhutan Government Moves $23.7M in Bitcoin to Binance as BTC Hits Record Highs

Zabi
-
0
Bhutan Government Moves $23.7M in Bitcoin to Binance as BTC Hits Record Highs

The Royal Government of Bhutan has transferred 213 Bitcoin (BTC) to Binance.

This move continues a strategic pattern of crypto reserve management amid Bitcoin’s historic price rally.

As Bitcoin continues to flirt with new record highs, the Royal Government of Bhutan has quietly executed another major crypto move, transferring 213.501 BTC, worth approximately $23.73 million, to Binance in a single transaction.

The transfer, tracked by blockchain analytics platform Arkham Intelligence, occurred at 04:54:06 UTC on July 10.

This is not an isolated event. It marks the second consecutive week that Bhutan has moved significant Bitcoin holdings to the crypto exchange. Just last week, the government transferred 137.24 BTC, around $14.77 million, to the same Binance deposit address.

In total, Bhutan has shifted 350.74 BTC, valued at $38.5 million, to Binance over the past 10 days.

Image

Calculated Timing Amid Bitcoin Rally

The timing of these transfers seems highly deliberate. Bitcoin recently registered a new all-time high of $112,000 and is currently trading at $111,328, up 2.39% in the last 24 hours.

Bhutan’s moves suggest a calculated effort to capitalize on favorable market conditions. This strategy aligns with earlier behavior.

In March 2025, Bhutan quietly transferred $63 million worth of Bitcoin to multiple wallets, coinciding with local price peaks. These regular, near-quarterly moves suggest a shifting national policy that sees Bitcoin as a dynamic, high-yield treasury asset, not just a passive store of value.

Small Nation with a Big Crypto Bet

Since beginning Bitcoin mining operations in 2020, Bhutan has woven crypto into the fabric of its economy. Estimates suggest Bitcoin now contributes 30.7% to 40% of the country’s GDP, depending on price fluctuations and private holdings.

With 11,711 BTC, worth about $1.3 billion at current prices, Bhutan holds the third-largest national Bitcoin reserve globally, according to The Wall Street Journal.

For a small Himalayan kingdom, Bhutan’s approach is striking. While many nations cautiously explore digital assets, Bhutan is taking a more proactive approach. It is actively managing its crypto reserves with the sophistication of a hedge fund.

Peter Brandt Is Long On Bitcoin but Says Bullish Momentum Depends on This Price Level

Elendu Benedict
-
0
Peter Brandt Is Long On Bitcoin but Says Bullish Momentum Depends on This Price Level

Veteran trader Peter Brandt is keen on higher prices for Bitcoin but issues a cautionary warning that things might go south.

On Thursday, July 10, he shared an update on Bitcoin’s price amid a rally to a new all-time high. The crypto firstborn finally garnered momentum to surpass its May peak price, hitting $112,045 yesterday before retracing slightly.

Bullish Inverted Triangle Breakout

Notably, Brandt revealed that he is bullish on Bitcoin. Recall that he had doubts about Bitcoin’s further uptrend earlier in the year but revised his skepticism when Bitcoin broke from a descending trendline at under $90,000 in April.

Today, he has reaffirmed his position that Bitcoin could continue to rise following a breakout from an expanding inverted triangle. Notably, the pattern has been forming on the daily timeframe for some time now, emerging from Bitcoin’s May 22 high of $111,965.

Since then, Bitcoin has retested both the resistance and support trendlines of the triangle until yesterday, when its 2% rise saw it break above the upper boundary. Brandt expects Bitcoin to sustain current trends, targeting a surge into uncharted territories.

An accompanying chart shows his first target from the breakout is a surge to $120,956, which is approximately 9% away from Bitcoin’s current price. Then, he predicts further upside to $134,886, 21.4% away from here.

Bitcoin Analysis/Peter Brandt

Recall that Brandt had earlier projected Bitcoin’s price to reach a high of $150,000 this cycle. He highlighted that this could happen on or before August this year.

Caution Amid Ecstasy

While Brandt remains a bull, he warned that things could go south quickly for Bitcoin. Among his reasons for the caution is the high morphology of the expanding inverted pattern.

He emphasized that the triangle has a higher mortality rate than most other bullish patterns, such as the horizontal pennant. This suggests that while Bitcoin appears to be breaking out, the weak-willed momentum from the inverted triangle means that bears can still take over.

Further, he concluded that a drop to $107,000 would invalidate the bullish pattern and spark further downsides. Notably, the price mark is not far from Bitcoin’s current price, confirming that there is now a thin line between sustained momentum and a bearish reversal.

Remarkably, Brandt has always been cautious in his trading approach, viewing the market from different angles. In June, he predicted that Bitcoin could crash a staggering 75%, similar to its 2022 price action. Notably, this would take BTC’s price to around the late $20,000s.

Expert Predicts XRP Price for the End of July, Says “XRP Season Has Started”

Sam Wisdom Raphael
-
0
Expert Predicts XRP Price for the End of July, Says “XRP Season Has Started”

A prominent market expert insists that the “XRP season” has begun, predicting what the XRP price could rally to by the end of July 2025.

This commentary, which came from market pundit and XRP community figure Alex Cobb, emerged at a time when XRP appears to be breaking out alongside the rest of the crypto market. 

“XRP Season Has Started”

Specifically, XRP has broken above the long-standing $2 range for the first time this month and conquered the $2.3 price level for the first time in nearly three months. Notably, XRP recently surged past the $2.3 psychological mark to claim the $2.4 region for the first time since May.

Amid this uptrend, Cobb claims what he calls the “XRP season” has begun, expressing his excitement for the development. According to him, this season started yesterday, July 9, suggesting XRP is likely to maintain the ongoing upsurge until it reaches certain significant price levels.

Alex Cobb on X
Alex Cobb on X

While XRP’s upsurge has partly been fueled by a renewal of bullish momentum within the broader market, with Bitcoin (BTC) reaching a new all-time high above $112,000 yesterday, XRP appears to have outperformed most of the market. For context, XRP is the second-largest gainer among the top 10 and the fourth when considering the top 20 assets.

This has contributed to the idea from Cobb that the XRP season has started. Also, unique developments surrounding the XRP ecosystem, including Ripple’s partnership with America’s oldest-running bank BNY, and Ripple CEO Garlinghouse’s appearance before Congress, have partly led to its more impressive gains. 

XRP Price Target for July 2025

Cobb expects the momentum to continue throughout this month of July. Notably, he believes XRP could reach a price target of $4.35 by the end of July, representing a new all-time high. With XRP currently trading for $2.42, it would need to increase by an additional 79% within this month to hit $4.35.

It is important to note that this will not be the first time a market pundit is predicting an XRP rally to the $4 mark. In January, when XRP reclaimed $3 and pulled back to the $2 mark, analyst Velo Maxi projected it could return to $3 and then leverage the psychological level as a launchpad to $4. He predicted this could happen in February. However, the prediction failed to materialize.

Interestingly, besides his latest projection, Cobb has continued to discuss XRP’s potential in recent times, as the uptrend continues. In one instance, he revealed that he regrets not buying more XRP when it traded at the $0.5 price level. Also, as Bitcoin claimed a new all-time high yesterday, Cobb projected that XRP was next.

1...635636637...2,638Page 636 of 2,638