The cryptocurrency market is showing activity with strong price movements. Ethereum faces a key barrier at $2,600, XRP awaits a court decision, and the BlockDAG project is preparing for its mainnet launch.
Ethereum: Resistance Analysis
Ethereum is testing significant resistance at $2,600 again. Analyst Michaël van de Poppe notes that breaking this level is crucial for ETH's positive momentum. A rejection could lead to short-term dips, testing lower support levels before regaining momentum. Over the past month, Ethereum has attracted 56% more inflows than Bitcoin, indicating growing investor confidence.
XRP: Court and ETF
XRP's outlook is defined by two key factors: the ongoing SEC case against Ripple and the emergence of ETFs. A ruling from Judge Torres is expected soon, and if favorable, it could significantly change price dynamics. XRP may challenge resistance levels near $2.33 and above $2.65, while negative results could see it drop below $2.09.
BlockDAG: Participant Rewards
BlockDAG is gearing up for its mainnet launch by creating a unique ecosystem where different participant roles are rewarded: testers, buyers, promoters, and referrers. This approach not only helps build community but also prepares the project for its official launch. So far, BlockDAG has raised $325 million and sold over 23.3 billion coins.
Ethereum and XRP are on the brink of significant changes shaped by external factors. While one project focuses on overcoming resistances, another is building a robust ecosystem through active participant engagement.
