Gemini's IPO plans and BBVA's integration with Ripple signal growing institutional adoption. Ethereum ETF outflows and NPM attacks are sparking short-term caution. Anticipation of Solana's recovery and expectations of potential DOGE ETF approval are drawing increased focus to altcoins. While market sentiment remains neutral, the ongoing institutional activity provides a positive fundamental backdrop.

Trump Media to Allow Truth Social "Gems" Conversion into CRO Tokens. Trump Media and Technology Group has updated its Truth Social platform to integrate its rewards program with cryptocurrency. This move by the social media platform into the cryptocurrency ecosystem could contribute to increased awareness and demand for the CRO token. Partnering with a platform that boasts a dedicated user base may serve as a new channel for user acquisition. Gemini Secures Nasdaq as Investor for IPO. Gemini has secured Nasdaq as an investor for its $317 million IPO (Initial Public Offering), a significant indicator of cryptocurrency exchanges gaining acceptance within traditional financial markets. Partnering with a major stock exchange like Nasdaq enhances Gemini's credibility and perceived future prospects. This move could establish a precedent for other crypto-related companies aiming for IPOs, potentially fostering the broader maturation of the industry. Spot ETH ETFs Experience $1 Billion Outflows in Six Days. Significant outflows from Spot Ether ETFs, totaling $1 billion over six consecutive days, suggest that macroeconomic uncertainty and receding expectations for interest rate cuts are strengthening investor risk aversion. This trend could exert short-term downward pressure on Ether's price and potentially impact investor sentiment across the broader cryptocurrency market if it continues. Vietnam Launches Five-Year Crypto Market Pilot Program Under Strict Oversight. Vietnam's launch of a five-year pilot program for its cryptocurrency market, operating under stringent regulations, is a significant development in crypto regulation within emerging economies. The initiative is expected to stimulate domestic cryptocurrency usage and trading within a defined framework. However, the strict regulatory approach also carries the potential to hinder innovation. Solana Following Ethereum? "V-Shaped" Chart Pattern Targets $300 SOL Price. Analysis indicates Solana's price is exhibiting a "V-shaped" recovery pattern, targeting $300. This suggests underlying strength in the Solana ecosystem and positive investor sentiment. Solana's Total Value Locked (TVL) reaching new all-time highs, coupled with increased meme coin trading volume, signals capital inflows and robust activity within the ecosystem, potentially driving the SOL price higher. Bitcoin Hits $113,000; Analysis Points to "Return to Previous Highs" Amid Fed Rate Cut Speculation. Bitcoin's surge to $113,000 suggests the market is reacting favorably to speculation surrounding potential Federal Reserve interest rate cuts. The move has been described as a new "Gold Copycat" trend, potentially indicating Bitcoin's solidifying status as a safe-haven asset. However, derivative market data indicates that traders maintain a cautious stance, highlighting the need for vigilance regarding short-term price volatility. BBVA Leverages Ripple for Institutional Bitcoin and Ethereum Custody in Europe. Spain's major bank, BBVA, is leveraging Ripple's technology to offer custody services for Bitcoin and Ethereum to institutional investors across Europe. This move is a significant development, symbolizing the increasing adoption of blockchain technology and cryptocurrency services by traditional financial institutions. It could serve as a catalyst for broader cryptocurrency adoption and increased institutional participation. While the direct impact on XRP might be limited, the adoption of Ripple's technology by a major financial institution could bolster confidence in the XRP ecosystem. Dogecoin Price: Potential Rally Upon Dogecoin ETF Approval? The prospect of a Dogecoin ETF approval in the United States is fueling expectations for a price rally in DOGE. Such an approval could attract significant capital inflows from institutional investors, potentially further solidifying Dogecoin's market standing. Historical chart pattern analysis indicates a possibility of further upside, which could also reignite broader interest in the meme coin sector. Averted NPM Attack Highlights Pressing Threats to Crypto Security. A potential large-scale supply chain attack targeting JavaScript libraries has raised significant security concerns across the cryptocurrency ecosystem. Although the attack was averted, the presence of such vulnerabilities underscores the critical importance of robust security measures for platforms and wallets. This incident serves as a reminder, likely prompting developers and users to adopt heightened security consciousness. HashKey Launches $500 Million Digital Asset Treasuries Fund in Hong Kong. HashKey Group has launched a $500 million digital asset treasuries fund in Hong Kong, signaling the growing availability of digital asset investment products targeting institutional investors in Asia. The fund focuses on the price performance of Bitcoin and Ethereum, providing a new avenue for institutional access to these major cryptocurrencies. This launch is indicative of growing institutional interest in the crypto market and could contribute to enhancing overall market liquidity. Overall Summary: The cryptocurrency market is experiencing growing institutional interest while simultaneously facing macroeconomic uncertainty and security risks. Although recent ETF outflows represent a short-term headwind, the increasing involvement of major financial institutions in crypto offerings and progress in regulatory frameworks in emerging markets indicate positive long-term growth prospects. Going forward, regulatory developments, macroeconomic indicators, and advancements in security protocols are expected to be the primary drivers influencing the market's trajectory.

Significant outflows from ETH ETFs signal increasing risk aversion, driven by macroeconomic uncertainty and receding expectations of interest rate cuts. NPM supply chain attacks underscore systemic security vulnerabilities within the broader crypto ecosystem. A critical support level lies around $3.00; falling below this threshold requires heightened vigilance.

Over the next 24-48 hours, XRP is expected to remain range-bound due to low volatility and neutral technical indicators. Looking at the weekly timeframe, positive regulatory news and institutional inflows could serve as catalysts for potential price appreciation. Ripple's expanding partnerships are also a key factor to monitor.

Overall, XRP currently shows a neutral bias near the $3.00 mark. Gemini's IPO plans and BBVA's utilization of Ripple suggest increasing institutional adoption, laying a foundation for long-term credibility. However, outflows from ETH ETFs and security risks, such as potential NPM exploits, are impacting short-term sentiment. Technically, the RSI stands at 60, indicating a neutral-to-bullish stance, while the lack of a MACD crossover suggests range-bound conditions. Support is identified at $2.90 and $2.75, with resistance levels at $3.10 and $3.25. For investment strategy, consider accumulating within the $2.90-$3.00 range, with a stop-loss set below $2.75. A break above $3.25 could potentially signal a move towards $3.50. This week, key levels to watch are the $2.75 support and $3.25 resistance, with strategies adjusted based on potential breakouts. In terms of risk management, diligent monitoring of macro-economic indicators, regulatory developments, and cybersecurity threats is essential. While the market exhibits volatility, institutional interest remains a persistent factor. By maintaining a disciplined approach through careful analysis and robust risk management, investors can position themselves to capitalize on opportunities and strive for positive investment results.