🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
XRP at a Crossroads: Breakout or Breakdown Ahead?
The cryptocurrency XRP is capturing attention as analysts split over its next big move, with speculation mounting around a potential breakout or a significant correction. Central to this debate is a technical trading strategy involving the 21-day Exponential Moving Average (EMA) and the 33-day Simple Moving Average (SMA) on the weekly chart, as outlined by crypto analyst EGRAG Crypto.
According to EGRAG, a bearish signal forms when the 21 EMA crosses below the 33 SMA—an event historically followed by major XRP price drops, such as an 87% decline in 2018 and a 72% fall in 2021. If history repeats, the next potential drop could approach 79.5%, marking a definitive correction phase and a key exit point for investors.
Conversely, a bullish crossover—where the 21 EMA moves above the 33 SMA—has in the past preceded explosive price rallies. EGRAG suggests such a move could open the door to long-term gains and prices reaching ambitious targets like $5.7, $9.5, $27, and even $37, especially if the broader market supports an altcoin-led rally.
Fueling further optimism, XRP's historical peak in 2018 saw it claim over 31% of the crypto market with a price of $3.84. Today, despite trading around $2.32 and holding only 5% market share, analysts believe a recovery in dominance—even partially—could reignite double-digit price scenarios, particularly if Bitcoin cools off and capital flows into altcoins.
Adding to the suspense, the Chicago Mercantile Exchange (CME) is launching XRP futures today. While some see this as a legitimizing milestone, others fear a repeat of the 2018 Bitcoin futures launch, which coincided with a sharp market top. XRP has already dipped 2.9% ahead of the event, trading at $2.32.
With technical indicators and market sentiment pulling in opposite directions, XRP finds itself at a pivotal juncture. The coming weeks could define whether it rallies into new highs or faces another dramatic downturn.