by | Feb 6, 2025 | Business
XRP price faces volatility amid weakening buying pressure and declining network activity. With a potential death cross forming, will XRP drop below $2 or rebound above key resistance levels? Explore the latest analysis, price predictions, and market factors shaping XRP’s trajectory.
The XRP market is experiencing significant volatility, with prices under pressure as key technical indicators signal potential downside risks. Following a recent 64-minute outage, investor confidence remains subdued.
Meanwhile, XRP’s Chaikin Money Flow (CMF) remains positive but has weakened, and network activity has seen a sharp decline. With a potential death cross forming on its EMA lines, XRP could test lower support levels unless renewed buying pressure pushes it back above key resistance zones.
XRP’s CMF Weakens but Remains Positive
XRP’s Chaikin Money Flow (CMF) currently stands at 0.19, down from 0.26 two days ago. After briefly dipping to -0.22 three days ago, it has since stabilized. This decline suggests a weakening buying pressure, though a positive CMF still indicates capital inflows.
The CMF is a volume-weighted indicator that tracks money flow into or out of an asset. A drop below 0.15 may indicate increasing weakness, while a recovery above 0.25 could signal renewed buying strength.
If XRP consolidates at these levels, price stability could follow. However, if capital inflows continue to decline, further downside risks may emerge.
Declining Network Activity Raises Concerns
XRP’s active addresses have seen a sharp decline, dropping nearly 50% from their December peak. Currently, the 7-day active address count stands at 256,000, down from 407,000 nearly two weeks ago. While this remains high relative to most of 2024, the decline suggests reduced demand and transaction volume.
Active address count is a critical metric as it reflects user engagement and network activity. A sustained decline could indicate waning investor interest, while a rebound might signal renewed enthusiasm for XRP.
XRP Price Prediction: Will It Drop Below $2?
A potential death cross on XRP’s EMA lines suggests bearish momentum may continue. If XRP loses support at $2.32, it could fall to $2.20 or lower. A decline in active addresses and weakening CMF could push XRP below $2, with key support at $1.99. This would confirm a deeper bearish trend, making recovery more difficult.
Conversely, if XRP breaks the $2.60 resistance, it could test $2.82. A further rally could push it above $3, with bullish targets at $3.15 and even $3.40. For this scenario to play out, network activity and buying pressure must improve significantly.
At the time of writing, XRP price is down 3.21% to $2.3868. Previously, XRP’s highest price in 24 hours was $2.5692. XRP’s RSI indicator is also below 40, indicating that bearish potential will indeed occur soon.
XRP’s Market Turmoil: External Factors at Play
XRP’s sharp 15% decline in one day underscores its vulnerability to external influences. The downturn followed bullish predictions from SBI CEO Yoshitaka Kitao but was overshadowed by broader market turbulence.
Bitcoin’s slip below $100,000, driven by geopolitical tensions, exacerbated XRP’s losses, sending it to $2.53.
External forces such as regulatory uncertainty and macroeconomic shifts continue to shape XRP’s price movements. The cryptocurrency’s ability to hold above the $2 threshold will determine its near-term trajectory.
Is XRP’s Future in Jeopardy?
Key Factors Influencing Volatility
- Regulatory Challenges: XRP’s legal battle with the SEC remains a major source of uncertainty. A favorable resolution could boost investor confidence, while adverse outcomes could dampen enthusiasm.
2. Institutional Adoption: Regulatory clarity and institutional involvement will be key in shaping XRP’s long-term prospects. Governments and financial institutions remain cautious about digital assets.
3. Market Sentiment: Broader cryptocurrency trends, particularly in Bitcoin and Ethereum, could impact XRP’s trajectory.
Potential for Recovery
- Legal Resolutions: A favorable court ruling could reignite interest in XRP.
2. Technological Innovations: Ripple’s continued investment in cross-border payments and DeFi applications could strengthen XRP’s utility and adoption.
- ETF Approval: The upcoming ETF upgrade for XRP represents a potential milestone, though its long-term impact remains uncertain.
Technical Analysis: XRP’s Golden Pocket Support
XRP is currently trading at a key Fibonacci retracement level known as the Golden Pocket, which often acts as strong support. According to analysts, this presents a potential buying opportunity. If XRP holds above this level, it could trigger a rally towards $3.43.
Key Buy Levels to Watch
- $2.50 Support: A primary accumulation zone offering a 6-7% discount from current prices.
- $2.25 – $2.30: A safer entry point, particularly if Bitcoin remains above $95,000.
- $1.90 – $2.00: A deep discount level in case of further market declines.
Conclusion: What Lies Ahead for XRP?
XRP remains at a crossroads, facing both significant downside risks and potential for a bullish rebound. Key factors such as regulatory developments, market sentiment, and network activity will determine its trajectory.
While technical indicators point to potential further declines, the Golden Pocket support could offer a strong foundation for a future rally. Investors should monitor these key levels closely and adopt a cautious but strategic approach to XRP trading.
by | Feb 6, 2025 | Business
STEPS officially launched its Skills for Education and Employment (SEE) Program and its range of NDIS Services in Hervey Bay on Thursday 6 February.
The SEE Program is aimed at giving people the opportunity to improve their language, literacy, numeracy and digital literacy skills through individually contextualised learning.
“With expertise formed from providing training opportunities for almost 20 years, we are incredibly proud to offer inclusive and engaging course content, practical and inspiring work and learning experiences, and access to qualified, dedicated and passionate trainers,” said Carmel Crouch AM, Managing Director of STEPS Group.
“Here at STEPS, we believe that when people enrol in a course, they join a community like no other.”
Through STEPS’ SEE Program, participants can learn the skills necessary to build a pathway to employment, go further in their current career path or build their confidence to undertake further study.
“STEPS has a proven track record of delivering the SEE Program in parts of Northern Queensland and the Northern Territory, successfully creating meaningful outcomes for participants and providing them with the skills needed for further study and employment within their communities,” Ms Crouch said.
STEPS’ NDIS Services empower individuals through personalised support and community connection, fostering confidence, skills, and independence through services such as Employment Support, Supported Independent Living (SIL), Recreational Activities, and more.
“It is such an honour to expand our programs and bring these life-changing learning opportunities to the people of Hervey Bay and the greater Wide Bay region.”
Eligible participants can begin their learning journey and take advantage of the free courses offered through the SEE Program by applying online via the STEPS website.
Participants and employers wishing to access STEPS’ range of NDIS Services can reach out to the STEPS team on 1800 312 742 for enquiries or support.
The Skills for Education and Employment (SEE) Program is funded by the Australian Government Department of Employment and Workplace Relations.
by | Feb 6, 2025 | Business
Bitcoin faces market turbulence as its price drops below $100K, triggering $2B in liquidations. Will BTC fall below $50K? Explore key factors, technical analysis, and institutional impact shaping Bitcoin’s future.
Bitcoin (BTC) is undergoing a period of uncertainty, with its price dropping below the $100,000 mark and triggering a market-wide liquidation event exceeding $2 billion.
The market reaction has been influenced by various factors, including government policies, whale activities, and historical patterns of consolidation and breakout cycles.
Bitcoin’s Price Action and Market Sentiment
As of now, Bitcoin is trading at $96,543, marking a significant drop from its recent highs. The digital asset had initially rallied beyond $100,000, fueled by speculation surrounding the U.S. government’s stance on a Bitcoin Strategic Reserve.
However, following a press conference by Trump administration crypto czar David Sacks on February 4, market sentiment turned bearish.
Sacks emphasized that the administration is merely “evaluating” the feasibility of a Bitcoin reserve, which some argue contradicts Trump’s campaign promises.
This announcement led to a decrease in the perceived likelihood of a national Bitcoin reserve in 2025, with PolyMarket reducing the odds to 47%.
The market downturn also coincided with the movement of 49,700 BTC from the 6-12 month spent output age band (SOAB), indicating potential selling pressure and further volatility.
Technical Analysis: Bearish Sentiment and Potential Rebound
Bitcoin has been trading within a symmetrical triangle on the 1-hour chart, with a critical liquidity zone around $100,000. Analysts suggest that BTC may revisit this zone before testing lower-order blocks between $94,100 and $92,600.
Historically, large BTC movements have been linked to whale activity and market manipulation, often leading to retail sell-offs.
Despite this bearish sentiment, investment analysis platform Alphractal suggests that such conditions present buying opportunities for long-term investors.
The platform advises waiting until market sentiment turns deeply negative before making substantial purchases, countering the herd mentality prevalent in the crypto market.
Institutional Influence and Market Liquidity
One of the most significant drivers of Bitcoin’s price action is institutional involvement. MicroStrategy, a pioneer in corporate Bitcoin accumulation, has inspired 78 publicly listed companies to hold BTC in their treasuries.
Pharmaceutical and advertising firms have followed suit, recognizing Bitcoin as a hedge against inflation and a way to bolster their stock prices.
MicroStrategy’s aggressive BTC acquisitions have resulted in a market capitalization of $87 billion—almost double the value of its Bitcoin holdings. The company’s founder, Michael Saylor, has reaffirmed his commitment to Bitcoin, stating, “We are going to Mars.”
Other companies, including KULR Technology and Semler Scientific, have also adopted Bitcoin as their primary treasury asset, leading to significant stock price increases.
Macroeconomic Factors and Liquidity Constraints
The broader economic landscape has also played a role in Bitcoin’s market movements. The U.S. Treasury General Account (TGA) balance has risen from $623 billion to $800 billion in just four weeks, tightening liquidity conditions.
A similar scenario in early 2023 led to increased risk-taking in equity and crypto markets, but this time, liquidity appears to be drying up, posing challenges for Bitcoin and other risk assets.
Anddy Lian, a blockchain expert, highlighted the potential implications, stating, “Key liquidity sources are being more tightly controlled, which could slow economic activity and create a more challenging environment for crypto.”
Technical Indicators and Future Projections
Bitcoin’s technical indicators suggest a precarious position. The 14-week Relative Strength Index (RSI) is showing a bearish divergence, similar to the 2021 market peak. If RSI remains below its falling trendline, it could indicate a continuation of downward momentum.
However, if Bitcoin closes above $100,000, it could invalidate the bearish outlook and push prices higher.
Short-term indicators show mixed signals. While BTC has rebounded from $96,147 and is consolidating between $98,500 and $99,000, the Moving Average Convergence Divergence (MACD) remains bearish.
If Bitcoin holds above $98,000, a push toward $104,000-$109,000 is possible. However, a breakdown below $96,000 could trigger a deeper correction toward $91,000.
Conclusion: Navigating Bitcoin’s Volatile Landscape
Bitcoin remains at a crossroads, facing uncertainty from regulatory policies, liquidity constraints, and technical market structures.
While institutional adoption continues to provide a strong foundation, short-term market movements will likely be dictated by whale activity and macroeconomic factors.
Investors should remain cautious, leveraging technical indicators and historical patterns to navigate the evolving landscape of the crypto market.
by | Feb 6, 2025 | Business
Verde Two, developed by Farpoint and Asia Green Real Estate,
has successfully attained the highest level of certification offered by EDGE: the EDGE
Zero Carbon. EDGE (Excellence in Design for Greater Efficiencies) is an internationally
recognized green building certification system developed by the International Finance Corporation (IFC), a
member of the World Bank Group.
Advantages and Benefits of EDGE Zero Carbon Certification
The EDGE Zero Carbon status of Verde Two offers substantial
benefits for all stakeholders. Tenants enjoy reduced utility costs and a healthier living environment. For property agents, this achievement provides market differentiation, increased
demand, and enhanced property value.
In addition, the milestone solidifies the industry
leadership of Farpoint and Asia Green Real Estate, ensuring long-term value, and reinforcing their commitment to environmental responsibility. At the same time, it sets a precedent for
sustainable real estate practices in Indonesia, aligning with both national and global carbon
reduction targets, and contributing to the vision of a zero-emission nation by 2060.
FARPOINT has partnered with Asia Green Real Estate as a
strategic partner who shares its dedication to sustainability and environmental
responsibility.
Tatang Widjaja, CEO of Farpoint, stated: “We are
incredibly proud that Verde Two became the first high-rise residential complex in Indonesia to achieve
the EDGE Zero Carbon certification.
This milestone reflects our unwavering commitment to
sustainability and provides our residents with a superior, eco-friendly living experience.”
Alex Buechi, Managing Partner at Asia Green Real Estate,
said: “The EDGE Zero Carbon certification for Verde Two is a testament to our commitment
to creating value through sustainable real estate investments. We believe that green buildings not
only benefit the environment but also enhance the health and well-being of their occupants. With
the EDGE Zero Carbon certification, Verde Two stands as a benchmark for green buildings in the
region.“
About Verde Two
Verde Two is a high-rise residential complex known for its
innovative design, high quality, and commitment to sustainability. It is the first building in
Indonesia equipped with an advanced AC system with PM2.5 double filtration technology for tenants. Located in the heart of Kuningan CBD, Verde Two offers residents a blend of elegance and
eco-friendly living, setting a new benchmark for luxury condominiums.
by | Feb 5, 2025 | Business
Jan Francis, the Karaoke World Championships (KWC) PH Champion, has officially launched his debut single, “You Are The One” (YATO), in collaboration with Thai pop sensation Yayee. This vibrant track marks a significant milestone in his burgeoning career and is poised to resonate across cultures, bringing together the rich musical traditions of the Philippines and Thailand. The song is not merely a musical offering; it serves as an anthem for dreamers and aspiring artists, encapsulating themes of hope, resilience, and self-discovery.
Watch the Music Video teaser which came out on TNC’s Facebook page receiving more than 110k views as of this writing – You Are The One Teaser<img style="width: 100%;" src="https://slvrdlphn.com/wp-content/uploads/2025/02/public-56" alt="
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Nearly a week following the release of the enchanting single “You Are The One,” a visually captivating music video has emerged, showcasing the artistic prowess of its creators. The production of this music video was a collaborative endeavor, uniting the innovative teams from Up! Hit Music in Norway and Thailand, alongside esteemed partners from KWC Philippines. This multinational partnership is palpably reflected in the video’s intricate structure, characterized by infectious hooks and a creative output that is both engaging and imaginative.
The collaboration between Jan Francis and Yayee transcends mere musicality; it serves as a significant cultural milestone. By uniting two promising Asian artists, this project underscores the immense potential for cross-cultural collaborations within today’s expansive global music landscape. The harmonious fusion of their distinct styles yields a sound that is not only refreshing but also resonates with a diverse audience, appealing to listeners across various demographics.
In addition to watching the music video, be sure to add “You Are The One” to your playlists on Spotify. Streaming platforms are crucial for supporting artists today, and your engagement can significantly impact Jan Francis’ career trajectory. By streaming this track on repeat, you not only enjoy great music but also contribute to the success of local artists striving to make their mark.
Listen to YATO thru Spotify here – https://tinyurl.com/YATOJanFrancisonSpotify
The importance of supporting local artists cannot be overstated. By streaming YATO on platforms like Spotify and sharing it on social media using hashtags like #YouAreTheOne #JanFrancis #YATO, fans can play an integral role in elevating Jan Francis’s profile as he continues to grow as an artist. Engaging with fellow fans creates a sense of community around this uplifting anthem, encouraging others to join in on the excitement.
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“I have seen several artists over the years, and have heard so many new songs and jingles. Despite having different tastes in music, I feel ‘You Are The One’ is a powerful song. It has the appeal of being in the mainstream. I won’t be surprised if it becomes a hit, especially with a visually compelling music video that goes with it.“ Shared by Gladys Rondina-Basinillo, Chief Experience Officer of PraXis and co-producer at KWC Philippines.
“When I see Jan Francis, both with the song and video ready, it is clear that we are witnessing a star ‘in the making.’ However, what many don’t see is all the hard work behind the scenes. This is where the magic truly happens, and I am proud to see the positive results” shared by David Soderholm, general manager of Up! Hit Music. “The brilliance of ‘You Are The One’ lies not only in its catchy melody and uplifting lyrics but also in its profound message that transcends borders. This anthem resonates with dreamers everywhere, encouraging them to embrace their potential and pursue their aspirations. I am sure this song will impact many listeners around the globe as it is for Jan Francis and Yayee.” he added.
Elle Quan, Asia Pacific Director of KWC Global has this to share after watching the music video — “ ‘You Are The One’ is ONE GOOD SONG! It is about empowerment. The message of the song is very uplifting and meaningful.”
As Jan Francis gazes toward a promising future, KWC Philippines stands at the forefront of an exhilarating year brimming with performances and new releases. “When we met Jan Francis in Cebu last July 2024, none of what had transpired for him was on the horizon. We recognized our ambition to cultivate both KWC PH and its artists simultaneously. Witnessing the progress of our collaborative projects with him is immensely gratifying. Our journey took us to Thailand for recording sessions and video shoots, and despite the time constraints, the remarkable synergy and dedication of our teams have yielded extraordinary results. I am proud of the world-class quality of the music video. Jan Francis is lucky to be part of this transformative experience,” remarked Apple Esplana-Manansala, TNC’s president and co-producer at KWC PH.
KWC Philippines, a pivotal player in nurturing local talent, is committed to showcasing brilliant global performers from the country. This commitment is exemplified by Jan Francis’s participation in Fusion Manila—a premier music festival dedicated to Original Pilipino Music (OPM)—on March 15, 2025. This event will not only spotlight his exceptional talent but also provide a platform for him to connect with an even broader audience alongside other distinguished Filipino artists.
The significance of KWC Philippines cannot be overstated; it serves as a vital conduit for Filipino artists to gain international recognition. By hosting events like the Karaoke World Championships, KWC PH amplifies the voices of aspiring singers, offering them a stage where they can shine brightly on a global platform. The organization’s unwavering support for its artists reflects a deep-seated commitment to fostering creativity and excellence within the Philippine music scene.
KWC Philippines is not merely an organization; it embodies a movement that celebrates Filipino artistry and cultural heritage. By empowering artists like Jan Francis, KWC PH plays an instrumental role in transforming dreams into reality, propelling them toward greater heights in their careers. The collaborative efforts with various partners underscore the organization’s dedication to cultivating a vibrant ecosystem where talent flourishes.
Watch out for more new songs from Jan Francis this month of February! For inquiries, email KW***@***********el.com.
For more info about KWC PH and the 2025 auditions, click www.kwcph.com
This story also came out on www.thenewchannel.com/highlights. Browse for more NEW Stories on TNC’s official website www.thenewchannel.com.
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