Funding from crypto falls short in New Jersey gubernatorial primaries
Funding from crypto falls short in New Jersey gubernatorial primaries
Filings with the New Jersey Election Law Enforcement Commission showed only a few small contributions from individuals tied to crypto companies for various candidates.
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XRP Price: Analyst Says Expect Biblical Move Before Historic Crash – Here Are The Targets
XRP might be gearing up for a bullish run of epic proportions, accompanied by a similar crash of epic proportions. Particularly, a new technical analysis suggests that the XRP price may be preparing for one of its most explosive moves yet, followed by what the analyst calls a historic crash. This analysis comes amidst a backdrop of XRP reclaiming $2.2 in the past 24 hours, with the next outlook on reclaiming $2.3. Echoes of 2017: Hidden Bullish Divergence Reappears In a detailed breakdown shared on the social media platform X, crypto analyst JD (@jaydee_757) drew parallels between the current setup of XRP’s price action and its 2017–2018 market cycle. Back then, XRP printed a hidden bullish divergence (HBD) on the Stochastic RSI indicator, which acted as a powerful signal for an eventual 20x surge. According to the analyst, XRP appears to be repeating the same structural formation, with a new hidden bullish divergence now confirmed once again on the two-week timeframe. Related Reading: Analysts Are Predicting XRP Price To Climb Above $20 In Unexpected Rally As shown in the two-week candlestick timeframe chart below, XRP has already broken out from a multi-year symmetrical triangle dating back to its peak in 2018. This breakout, paired with the hidden bullish divergence, sets the stage for a biblical price move. JD projects an immediate upside continuation once the current smaller triangle consolidation pattern resolves to the upside. This parabolic upside continuation is likely to push XRP toward levels last seen during its all-time high. In this case, the analyst projected a price move above the double-digit threshold, with a target around $17. Post-Rally Warning: 90% Crash Projection Follows However, JD’s analysis is not without caution. Just as the 2017 rally ended in a dramatic 94% crash from $3.4 to the $0.2 range, the analyst warned that the anticipated surge could lead to a similar fate. This trajectory is illustrated clearly in the chart above. Related Reading: XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why After the anticipated euphoric move upward is complete, JD projects a sharp reversal toward a designated pink box area on the chart. This region, although not labeled with a specific price, lies well below current levels and may cause XRP to crash from double digits to below $1. Unfortunately, the majority of traders and investors could get rekt if they chase XRP near the peak. This follows similar behavior in 2018, where the parabolic rally was followed by an equally violent sell-off that trapped many traders at the top. As of now, XRP continues to coil within its consolidation triangle, and the breakout direction will likely determine the short-term fate of the cryptocurrency. XRP is currently trading at $2.28, up by 2.4% in the past 24 hours. A convincing break above the $3 mark would be necessary to invalidate the resistance of the current smaller triangle consolidation pattern and confirm the start of a parabolic move. Until then, there’s still a possibility that XRP will be rejected again at the triangle’s upper trendline. Featured image from Getty Images, chart from Tradingview.com
Bitcoin’s Price Surges From $105,000 In Stunning Rebound – Here’s The Trigger Behind The Rally
With a notable bounce, Bitcoin has regained its upside traction once again, surging beyond key resistance levels as it aims to revisit its peak. While several key factors could be responsible for the recent upward move in BTC’s price, one factor seems to stand out the most among all. What’s Behind The Bitcoin Renewed Upswing […]
56% of Fortune 500 Firms Pursue Onchain Projects: Coinbase
A majority of Fortune 500 firms are now developing onchain initiatives, with blockchain adoption also gaining momentum among small and midsize businesses, according to new data published by Coinbase. Blockchain Adoption Is Rising, According to the Latest State of Crypto From Coinbase Research released by Coinbase this week reveals that 56% of Fortune 500 executives […]
The Trump’s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch
Bitcoin Magazine The Trump’s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch American Bitcoin Corp (ABTC), a newly formed private Bitcoin mining company backed by Eric Trump and Donald Trump Jr., announced in a June 10 SEC filing that it has acquired 215 Bitcoin (BTC) since launching operations on April 1, 2025. The reserve is currently valued at approximately $23 million, showing their drive and commitment to […] This post The Trump’s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch first appeared on Bitcoin Magazine and is written by Jenna Montgomery.