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Economic Times
4 days ago
- Business
- Economic Times
XRP price prediction: whales stir as XRP slips 2% but clings to $3.20 — breakout or sharp reversal ahead?
XRP is back in the spotlight after a 2% dip, with prices still holding above $3.20. Traders are now split — is this the setup for a big breakout or the start of a sharp reversal? XRP is holding precariously above the $3.20 threshold after a whipsaw session that saw prices sink to $3.14 before clawing back some ground. The pullback comes just a week after the token's biggest single-week gain in over three years — a surge driven by Ripple's decisive legal victory over the U.S. Securities and Exchange Commission on August 7. That win, which removed a years-long regulatory cloud, was enough to catapult XRP back into the $3+ range for the first time since 2021. But the glow has dimmed, and the market has shifted its gaze to an entirely different battleground: an escalating tug-of-war between aggressive whale accumulation and equally large-scale profit-taking. Current price: $3.22 ▼ -1.88% $3.22 ▼ -1.88% 24-hour range: $3.14 – $3.32 $3.14 – $3.32 Market cap: $178.6 billion (CoinMarketCap, August 14, 2025) In the past 48 hours, on-chain data from analytics firm AInvest shows large holders accumulated nearly 900 million XRP — worth roughly $2.88 billion at current prices — in what some traders see as a calculated effort to push the token toward the $3.60 zone. This buying spree has repeatedly shored up the $3.13–$3.15 support range, an area that's now been tested four times since last week's rally. 'It's classic whale defense,' one veteran OTC trader told me. 'They're not letting it slip below a level that could trigger cascading liquidations.' But blockchain intelligence compiled by Cointelegraph points to a different undercurrent: whales unloading about $1.9 billion worth of XRP in the same period. If this distribution outpaces the accumulation trend, the bullish structure could fracture — opening the way for a deeper pullback toward $2.90 or even $2.65. Support: $3.13–$3.15 remains the short-term floor. A sustained breach would likely trigger a wave of stop-loss orders. Immediate resistance: $3.27–$3.31 — a zone marked by Fibonacci retracement clusters and multiple intraday rejections. Upside triggers: A clean breakout above $3.31 could draw momentum traders back in, targeting $3.60 first and potentially $4.50 if a bull-flag pattern confirms on the daily chart. Downside risk: Losing $3.13 raises the probability of a retest at $2.90, which aligns with the previously broken descending trendline from the April highs. Notably, HAMED_AZ, a crypto market technician with 184k X (Twitter) followers, has flagged $2.90 as a 'healthy reset' level before any sustained push beyond January 2018's $3.84 all-time high. The SEC case conclusion on August 7 unleashed a 12% single-day jump in XRP as traders priced in long-awaited regulatory certainty. Yet momentum faded within days, partly because short-term speculators locked in profits and partly because of fresh competitive noise. The standout name here is Remittix (RTX), a cross-border payments token already being dubbed 'XRP 2.0' by some analysts. RTX has raised $18.9 million in its presale, with a product roadmap targeting remittance corridors where Ripple has historically dominated — notably Southeast Asia and the Middle East. XRP short-term data (today) Current price: $3.22 ▼ -1.88% $3.22 ▼ -1.88% Immediate support: $3.13–$3.15 $3.13–$3.15 Immediate resistance: $3.27–$3.31 $3.27–$3.31 Near-term upside target: $3.60–$4.50 if support holds $3.60–$4.50 if support holds Downside risk: $2.90–$2.65 if $3.13 fails XRP long-term data (today) 2025 projection: $5 to $12.60 range $5 to $12.60 range Late 2020s projection: $12.50 as steady growth target $12.50 as steady growth target Extreme bullish cycle potential: Up to $34 with unprecedented adoption and liquidity Up to $34 with unprecedented adoption and liquidity Key long-term catalyst: Continued cross-border payment adoption and regulatory clarity Forecasts vary wildly depending on timeframe and assumptions: Timeframe Source Target Short-term The Tradable Rally to $4.00 if $3.10–$3.15 holds 2025 Coinpedia $5–$12.60 2028 Standard Chartered $12.50 Current bull cycle Cointelegraph Up to $34 — high valuation risk While the $34 figure attracts headlines, it's worth noting that at that price XRP's market cap would surpass $1.9 trillion — placing it uncomfortably close to Bitcoin's peak valuation. That's why seasoned traders warn against taking parabolic projections at face value. For retail investors and swing traders, the chart alone isn't the full story. In my own experience covering crypto markets, it's the whale wallet activity — particularly large OTC transfers and exchange inflows — that tends to front-run price moves by 12–48 hours. Right now, the $3.13–$3.15 range is the make-or-break zone. If it holds, buyers could force a retest of $3.60 within weeks. If it gives way, the correction could deepen quickly, especially if broader crypto sentiment turns risk-off. One more nuance: Bitcoin dominance has edged up to 54.3% this week, historically a headwind for altcoins like XRP. If BTC keeps absorbing liquidity, even fundamentally bullish setups can stall. XRP is not in freefall — but it's also not in an unchallenged bull run. Instead, it's in a rare equilibrium where billion-dollar whale trades are balancing each other out. That balance won't last. Whether the next decisive break is higher or lower will depend on two factors: The defense of the $3.13 floor. The sustainability of whale accumulation versus distribution. Until then, every major wallet transfer is more than just blockchain noise — it's the heartbeat of the market. And right now, it's beating faster than it has in years. Q1: What is the short-term XRP price prediction? Short-term outlook sees XRP aiming for $3.60 to $4.50 if key support holds. Q2: What is the long-term potential for XRP? Long-term projections range from $12.50 to $34 with strong adoption.
Arab News
11-08-2025
- Business
- Arab News
Saudi banks' June profits hit record $2.63bn amid loan growth, digital boom
RIYADH: Saudi Arabia's banking sector maintained its momentum in June, as aggregate profits before zakat and taxes climbed to SR 9.9 billion ($2.63 billion) — the highest monthly result on record. Data from the Saudi Central Bank, known as SAMA, shows that profits were approximately 28 percent higher than the same month last year, the fastest annual growth in six months, highlighting the sector's resilience despite global challenges. For the first half of 2025, cumulative profits reached SR51 billion, roughly 20 percent higher than the SR42.5 billion during the same period in 2024. The strong performance builds on a solid first half for the Kingdom's banking industry, which has benefited from Saudi Arabia's robust macroeconomic fundamentals and policy reforms. Supported by steady credit demand from both corporate and retail segments, healthy liquidity levels, and Vision 2030-linked infrastructure and private sector projects, lenders have maintained profitability despite global interest rate uncertainty. Analysts attribute the rise in profits in the second quarter to robust lending growth, lower impairment charges, and the sector's embrace of digital banking. AInvest noted in a July article that Saudi National Bank, the Kingdom's largest lender, delivered 17.3 percent higher net profit in the second quarter, supported by increased net special commission income and reduced credit-loss provisions. Across the sector, net profits rose 18 to 25 percent as lenders benefited from fintech integration, deeper capital markets, and broader economic diversification under Vision 2030. The report highlighted that more than 261 fintech firms now operate in the Kingdom and 79 percent of retail transactions are processed digitally, boosting fee‑based income and lowering costs. SAMA's June bulletin showed the banking system's assets reach SR4.8 trillion and claims on the private sector stood at SR3.1 trillion, reflecting strong corporate and consumer credit demand. Capital adequacy ratios remained robust at 19.3 percent, well above the regulatory minimum. The banking sector's strength has been reflected on the Saudi Exchange. Tadawul's second quarter report showed that banks accounted for SR61.58 billion of traded value — the highest among all sectors. This leadership in trading activity, ahead of most other sectors, signals strong investor confidence in banks' earnings momentum and their pivotal role in financing Vision 2030 projects. Saudi banks enter the second half of 2025 with solid capital buffers, growing fee‑based income, and a clear role in the Kingdom's economic diversification agenda. Continued reforms, including the National Debt Management Center's restructuring of $32 billion in sukuk to deepen capital markets and ongoing fintech proliferation, will support earnings. However, analysts at AInvest cautioned that geopolitical tensions, potential margin compression as global interest rates ease, and regulatory hurdles in construction financing could moderate growth. Even so, with digital adoption surging and non-oil sectors expanding, the banking industry appears well-positioned to sustain strong profitability while supporting Saudi Arabia's transformation into a diversified, knowledge‑based economy.
Economic Times
16-07-2025
- Business
- Economic Times
Crisis-driven rally? Bitcoin and Gold soar as inflation looms and political heat rises
Bitcoin Hits a New High Amid Market Jitters Gold Joins Bitcoin in Safe-Haven Surge Live Events Bitcoin Recovers Quickly After Brief Dip on CPI Release Altcoins Join Bitcoin in Broad-Based Crypto Rally FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel As the United States grapples with mounting debt and inflation concerns, investors are flocking to assets that have served as safe havens in uncertain times, Bitcoin and gold, as per a week, Bitcoin surged past $123,000, climbing more than $10,000 in just a few days and hitting a new all-time high, as reported by GuruFocus. It's already up 14% for July, driven by growing anxiety over the US economy and the government's ballooning fiscal deficit, according to the report. A $316 billion shortfall in May has rekindled fears over long-term sustainability, prompting many to seek safety outside of traditional markets, according to the GuruFocus to trading expert Keith Alan, the price action fits a textbook "Cup and Handle" pattern, a signal of continued momentum, as per GuruFocus. But beyond technicals, it's deeper economic worries that seem to be driving the move, concerns over increased Treasury issuance, a wavering US dollar, and rising calls for Federal Reserve Chair Jerome Powell to step down, according to the READ: Stock rally sparks bold words from trading legend — his unexpected take is going viral Alongside Bitcoin, gold is also gaining ground as a safe-haven asset, with both markets reacting to a tense mix of political pressure, inflation jitters, and monetary uncertainty, as per data released this week didn't ease any of those concerns, as the Consumer Price Index for June showed a 2.7% increase year over year, which is slightly higher than May's 2.4%, as per the AInvest report. Core inflation, which excludes food and energy, rose to 2.9%, according to the crypto market wobbled just before the inflation report came, with Bitcoin briefly dipping below $116,000, as per AInvest. But it quickly bounced back, climbing past $118,000 once the numbers were out, with traders still betting on a potential rate cut in September, but the next round of data, specifically the Producer Price Index, could either reinforce or upend those expectations, according to the AInvest READ: No Reddit, no visa? Indian's US entry blocked after failing to share account details While Bitcoin was not the only cryptocurrency moving higher, even Ethereum rose over 6% in the past 24 hours, XRP, Binance Coin (BNB), Solana, and Dogecoin also saw gains, as reported by AInvest. XRP increased 3%, BNB by 2.4%, and both Solana and Dogecoin gained 5%, according to the people are nervous about inflation, debt, and political turmoil—and Bitcoin is seen as a safe place to park money during uncertainty, as per the GuruFocus like Bitcoin, is considered a hedge during times of inflation or market instability.
Time of India
16-07-2025
- Business
- Time of India
Crisis-driven rally? Bitcoin and Gold soar as inflation looms and political heat rises
As the United States grapples with mounting debt and inflation concerns, investors are flocking to assets that have served as safe havens in uncertain times, Bitcoin and gold, as per a report. Bitcoin Hits a New High Amid Market Jitters This week, Bitcoin surged past $123,000, climbing more than $10,000 in just a few days and hitting a new all-time high, as reported by GuruFocus. It's already up 14% for July, driven by growing anxiety over the US economy and the government's ballooning fiscal deficit, according to the report. A $316 billion shortfall in May has rekindled fears over long-term sustainability, prompting many to seek safety outside of traditional markets, according to the GuruFocus report. Explore courses from Top Institutes in Select a Course Category Healthcare Management Others Design Thinking Public Policy CXO Data Science Product Management Technology Degree Data Analytics healthcare Data Science Project Management Operations Management MBA Leadership others MCA Finance PGDM Digital Marketing Artificial Intelligence Cybersecurity Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details According to trading expert Keith Alan, the price action fits a textbook "Cup and Handle" pattern, a signal of continued momentum, as per GuruFocus. But beyond technicals, it's deeper economic worries that seem to be driving the move, concerns over increased Treasury issuance, a wavering US dollar, and rising calls for Federal Reserve Chair Jerome Powell to step down, according to the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Comment devenir un investisseur visionnaire eToro Market Updates En savoir plus Undo ALSO READ: Stock rally sparks bold words from trading legend — his unexpected take is going viral Gold Joins Bitcoin in Safe-Haven Surge Alongside Bitcoin, gold is also gaining ground as a safe-haven asset, with both markets reacting to a tense mix of political pressure, inflation jitters, and monetary uncertainty, as per GuruFocus. Live Events Bitcoin Recovers Quickly After Brief Dip on CPI Release Inflation data released this week didn't ease any of those concerns, as the Consumer Price Index for June showed a 2.7% increase year over year, which is slightly higher than May's 2.4%, as per the AInvest report. Core inflation, which excludes food and energy, rose to 2.9%, according to the report. The crypto market wobbled just before the inflation report came, with Bitcoin briefly dipping below $116,000, as per AInvest. But it quickly bounced back, climbing past $118,000 once the numbers were out, with traders still betting on a potential rate cut in September, but the next round of data, specifically the Producer Price Index, could either reinforce or upend those expectations, according to the AInvest report. ALSO READ: No Reddit, no visa? Indian's US entry blocked after failing to share account details Altcoins Join Bitcoin in Broad-Based Crypto Rally While Bitcoin was not the only cryptocurrency moving higher, even Ethereum rose over 6% in the past 24 hours, XRP, Binance Coin (BNB), Solana, and Dogecoin also saw gains, as reported by AInvest. XRP increased 3%, BNB by 2.4%, and both Solana and Dogecoin gained 5%, according to the report. FAQs Why is Bitcoin suddenly rising so fast? Because people are nervous about inflation, debt, and political turmoil—and Bitcoin is seen as a safe place to park money during uncertainty, as per the GuruFocus report. Why is gold also going up? Gold, like Bitcoin, is considered a hedge during times of inflation or market instability.
Forbes
08-07-2025
- Business
- Forbes
The Best 4 Healthcare Stocks To Buy Now In A Growing Sector
The relatively high dividends paid by some of these companies may prove worth the uncertain revenue ... More impact of Medicaid cuts. The healthcare sector is one of the largest in the U.S., with spending expected to account for 20% of the American economy as it reaches $5.2 trillion in 2025, according to NerdWallet. But the healthcare sector is likely to suffer considerably in the wake of the passage into law of the so-called Big Beautiful Bill. The industry's pain will result from a roughly $1 trillion reduction in Medicaid spending through 2034, according to the Congressional Budget Office. These cuts are likely to cause widespread pain. For example, 15.9 million Americans could lose Medicaid coverage, according to the Urban Institute. Hospitals' expenses for Medicaid patients could fall by $37 billion, estimated the Commonwealth Fund; to offset the lower revenue, hospitals, nursing homes, and doctors' offices could eliminate 477,000 jobs, according to the American Association of Medical Colleges. And many rural hospitals may be forced to close, forcing patients to travel further for care, noted the American Hospital Association. Nevertheless, the growth of companies providing high-value solutions to painful problems whose business models are relatively impervious to Medicaid cuts could provide attractive opportunities for investors. 4 Top Healthcare Stocks to Buy Now Healthcare consists of interconnected industries including the following: From this sector, the following stocks stand out. 1. Cardinal Health (CAH) Dublin, Ohio-based Cardinal Health distributes pharmaceuticals and medical products to more than 100,000 locations – controlling roughly 50% share of the market. Cardinal Health's stock rise can be attributed to a 2% boost, to $8.18, in analysts' 2025 consensus earnings per share due to stronger-than-expected growth and profitability in the company's pharmaceutical distribution and medical products segments, according to AInvest. Moreover, the stock could rise should the company report better than expected second quarter 2025 earnings. Due to Cardinal Health's 'cost discipline, supply chain stability, and rising demand for healthcare services post-pandemic,' analysts anticipate the company will report EPS of $2.04 – two cents above the Zacks consensus. Cardinal Health is on my list because investors have recognized the company is improving its operations, and many anticipate the company will exceed investor expectations. If demand remains strong and profitability rises, its shares could rise more. Medicaid cuts pose a significant risk to the healthcare sector, including Cardinal Health. Yet the company's diversified business model could enable it to withstand the worst damage from these cuts, AInvest reports. 2. Cencora (COR) Conshohocken, Pennsylvania-based Cencora – formerly known as AmerisourceBergen – is a drug wholesaler and contract research organization. Cencora's stock rise is likely due to the company's faster than expected growth in the first quarter of 2025. This growth resulted from higher unit volume, a boost in demand for diabetes and weight loss drugs, and a 2% increase, to $15.83, in the company's fiscal year 2025 earnings per share guidance, according to StockTwits. Although the pharmaceuticals distribution industry is intensely competitive, Cencora is expected to deliver solid profit growth and to exceed investor expectations. Specifically, investors anticipate the company's profits will rise 12.8% over the next five years in the wake of delivering 6% better than expected EPS for each of 'the trailing four quarters,' noted Zacks. I included Cencora due to its track record of beating investor expectations. However, Medicaid cuts could reduce drug sales as millions of Americans lose their Medicaid coverage – thus cutting into Cencora's revenues, noted AInvest. However, the company's focus on growing areas like specialty pharmaceuticals and its acquisition of a retinal care company could help offset the likely negative effects of Medicaid policy changes, according to Zacks. 3. Hinge Health (HNGE) San Francisco-based Hinge Health develops healthcare software for musculoskeletal care, acute injury, chronic pain and post-surgical rehabilitation. The company's stock market rise flowed from its torrid revenue growth – up 420% in the quarter ending in March, according to Google Finance. Hinge Health stock rose 23% after the company's May 2025 initial public offering. The stock is propelled by strong investor confidence in the company's digital musculoskeletal care platform and positive financial performance, according to BusinessInsider. Hinge Health is on my list for these same reasons. What's more, since the company primarily targets self-insured employers and is partnering with major health plans to expand into the Medicare Advantage market, this diversification could mitigate the pain of Medicaid cuts, noted AlphaSense. Nevertheless, Hinge Heath's stock price will likely rise only if the company beats expectations and raises guidance when the company next reports quarterly earnings. 4. Gilead Sciences (GILD) Foster City, California-based Gilead Sciences researches and develops antiviral drugs used in the treatment of HIV/AIDS, hepatitis B, hepatitis C, influenza and COVID-19. Gilead's stock rise resulted from expectations-beating earnings in the first quarter, coupled with an optimistic forecast for 2025 EPS due to strong sales of existing products and new treatments, according to Reuters. In addition, the company's 99.9% effective HIV drug Sunienca received regulatory approval in the U.S. and Europe. Gilead is on my list because of its strong growth and bright prospects. However, since about 25% of the company's revenue is exposed to Medicaid – notably to its HIV drug Biktarvy – the Medicaid cuts could reduce the company's total revenue by 1% to 2%, according to Fierce Pharma. Bottom Line Healthcare is a huge, complex industry. Medicaid cuts could take a sizable bite out of many industry participants' revenue. The four companies described above – Cardinal Health, Cencora, Hinge Health, and Gilead – are likely more impervious to these cuts than owners of hospitals – particularly rural ones. Investors should scrutinize whether the relatively high dividends paid by some of these companies are worth the uncertain revenue impact of the Medicaid cuts.
