DePIN Isn’t Dead — It’s a $10B Revenue-Driven Market, Messari Says

The post XRP’s Classic Pattern Hints at Price Rally to as High as $15 appeared on BitcoinEthereumNews.com. Key takeaways: XRP (XRP) price was up 3% in the past 24 hours, and 17% higher than its Sept. 1 low of $2.69, to trade above $3 on Thursday. Market analysts said this positions XRP for further gains backed by several fundamental and technical factors. XRP price technical analysis puts $5-$15 in play XRP price action has painted bull flag patterns on the weekly time frame that could result in a massive breakout to as high as $15. The first is a smaller one that formed in mid-June and was resolved earlier this week when the price broke above the flag’s upper boundary at $3.  Related: Ripple vs. SEC: How the lawsuit strengthened XRP’s narrative The measured target for this pattern, the flag’s height added to the breakout point, is $5.80, up 46% from the current level. XRP/USD weekly chart. Source: Cointelegraph/TradingView “On the daily chart, XRP is forming a bull flag — a continuation pattern that often signals the next leg higher,” said analyst Crypto Pulse, noting the emergence of the pattern in late August, adding: “$XRP could be gearing up for its next big breakout toward $5+.” The second is a bigger bull flag pattern that has been forming since November 2024, projecting an even higher target for the altcoin. XRP confirmed the breakout in July in a rally that pushed the price toward nine-year highs above $3.66.  With the pattern still in play, XRP price could continue its uptrend toward the measured target of $15.80, up 408% from the current levels. Analyzing a fractal from a previous setup, analyst Egrag Crypto said that a megaphone pattern on the five-day chart targeted $7.  “Based on the fractal formation analysis, it suggests that by mid-November, #XRP could be around $6 to $7!” XRP/USD five-day chart. Source: Egrag Crypto REX-Osprey ETF…

The post ETH Exit Queue Gridlocks As Validators Pile Up appeared on BitcoinEthereumNews.com. Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Ethereum Faces Validator Bottleneck With 2.5M ETH Awaiting Exit Is Ethereum’s DeFi Future on L2s? Liquidity, Innovation Say Perhaps Yes Ethereum Foundation Starts New AI Team to Support Agentic Payments American Express Introduces Blockchain-Based ‘Travel Stamps’ Network News ETHEREUM VALIDATOR EXIT QUEUE FACES BOTTLENECK: Ethereum’s proof-of-stake system is facing its largest test yet. As of mid-September, roughly 2.5 million ETH — valued at roughly $11.25 billion — is waiting to leave the validator set, according to validator queue dashboards. The backlog pushed exit wait times to more than 46 days on Sept. 14, the longest in Ethereum’s short staking history, dashboards show. The last peak, in August, put the exit queue at 18 days. The initial spark came on Sept. 9, when Kiln, a large infrastructure provider, chose to exit all of its validators as a safety precaution. The move, triggered by recent security incidents including the NPM supply-chain attack and the SwissBorg breach, pushed around 1.6 million ETH into the queue at once. Though unrelated to Ethereum’s staking protocol itself, the hacks rattled confidence enough for Kiln to hit pause, highlighting how events in the broader crypto ecosystem can cascade into Ethereum’s validator dynamics. In a blog post from staking provider Figment, Senior Analyst Benjamin Thalman noted that the current exit queue build up isn’t only about security. After ETH has rallied more than 160% since April, some stakers are simply taking profits. Others, especially institutional players, are shifting their portfolios’ exposure. At the same time, the number of validators entering the Ethereum staking ecosystem has been steadily rising. Ethereum’s churn limit, which is a protocol safeguard that caps how many validators can…

The post XMR Technical Analysis Mar 21 appeared on BitcoinEthereumNews.com. XMR is experiencing a strong pullback at the $349 level on the daily chart, approaching