Saga (SAGA) - Stack Exploder - 14 May 2025

SwissBorg (BORG) is holding a vote about allowing all users to receive Earn rewards in BORG, no matter which asset is locked. If the vote passes, it could increase demand for BORG because more users may want rewards in the token. This leads to stronger community involvement and a reason for users to buy or hold BORG. However, the price move depends on the vote results and if users get excited about the change. If there is little interest or the idea is not accepted, the price may stay flat. source

The Tessellation V3 upgrade for Constellation (DAG) will introduce delegated staking. This big change lets more people stake their coins and join the network. Since rewards are given to early stakers and new node operators, there may be stronger demand for DAG before and just after the update. This event could make the price go up, as users rush to join staking. But there will be some downtime for the upgrade, so price movement could be unpredictable until everything works. Watch closely to see if new users start staking in large numbers. source

Crypto and stock trading platform eToro has boosted the size of its initial public offering to $620 million by pricing its shares above its previously suggested range.

The platform and its backers sold over 11.92 million shares for $52 each, which are slated to start trading on the Nasdaq Global Select Market on May 14 under the ticker symbol ETOR, eToro said in a May 13 press release.

Initially, the firm aimed to raise $500 million by offering 10 million shares priced between $46 to $50 each.

The share offering will remain open until at least May 15 and consists of more than 5.9 million shares sold by eToro and 5.9 million shares sold by specific existing shareholders.

The Israel-based eToro will go public as a rival to Robinhood Markets Inc. (HOOD), which went public in July 2021 and whose shares are up over 67% year to date, according to Google Finance.

XRP price found support at $2.420 and started a fresh increase. The price is now correcting gains from $2.60 and might aim for another increase.

• XRP price started a fresh increase above the $2.50 zone.
• The price is now trading above $2.50 and the 100-hourly Simple Moving Average.
• There is a key bullish trend line forming with support at $2.510 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair might start another increase if there is a close above the $2.60 resistance.

XRP Price Regains Traction

XRP price remained supported above the $2.40 level and started a fresh upward wave, like Bitcoin and Ethereum. The price was able to surpass the $2.50 and $2.550 levels.

The bulls pushed the price above the $2.580 resistance zone to set the pace for more gains. Finally, it tested the $2.60 zone. A high was formed at $2.6050 before there was a pullback. The price dipped below $2.5650 and the 23.6% Fib retracement level of the upward move from the $2.4220 swing low to the $2.6050 high.

The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2.510 on the hourly chart of the XRP/USD pair.

On the upside, the price might face resistance near the $2.60 level. The first major resistance is near the $2.650 level. The next resistance is $2.720. A clear move above the $2.720 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.850 resistance or even $2.880 in the near term. The next major hurdle for the bulls might be $2.950.

Downside Correction?

If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.510 level and the trend line. The next major support is near the $2.492 level and the 61.8% Fib retracement level of the upward move from the $2.4220 swing low to the $2.6050 high.

If there is a downside break and a close below the $2.4920 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.420 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.510 and $2.4920.

Major Resistance Levels – $2.60 and $2.650.

Amid its recent breakout, Ethereum (ETH) has recovered a crucial Range lost in Q1, preparing to surge to the mid-zone of this area. However, various analysts forecast potential volatility for the King of Altcoins, as it faces some resistance at the current levels.

Ethereum To Trade Sideways Before Next Jump

After surging nearly 45% in the past week, Ethereum has reclaimed its $2,200-$3,900 macro range lost in March. During the late-April market pump, the cryptocurrency recovered from its 18-month low of $1,380, jumping toward the $1,800 resistance before breaking out last Thursday.

ETH has smashed past the $2,000 resistance and regained the crucial $2,100 and $2,300 levels before retesting the $2,600 resistance over the weekend. Since then, the King of Altcoins has hovered between the $2,400-$2,600 price range, hitting a two-month high of $2,624 on Monday.

Market watcher Castillo Trading highlighted that Ethereum is “doing exactly what it should be. Taking some time to build a base at important levels before the next move.”

The analyst stated that the $2,400-$2,700 zone will likely be ETH’s trading range for the upcoming days after its retest of the range lows as support, with “some shakeouts in both directions before continuing its next leg up.”

Similarly, Daan Crypto Trades noted that the cryptocurrency’s current level is important, as it could determine its short-term direction. According to the trader, Ethereum could drop to $2,300 or below the $2,100 support level if it loses the key area. “In that case, you can simply wait for a consolidation to be formed at those levels,” he explained.

On the contrary, if ETH breaks past the $2,600 resistance, and price keeps surging, the current level may “become a nice retest of the horizontal.” Notably, the next crucial horizontal level sits around the $2,850-$2,900 range, a significant support and resistance area amid the Q3 2024 pullback and the Q4 2024 breakout.

Is A Dip Or A 15% Shakeout Coming?

Analyst Rekt Capital pointed out that Ethereum secured a key Weekly Close after closing the week at $2,514 and officially reclaiming its Macro Range. According to the analyst, history suggests that ETH will “likely lift across the Range” over time, while “any dips, if needed at all, would only solidify $2200 as Range Low support.”

He stressed that the recent Weekly Close occurred at the top of a crucial cluster, enabling a scenario where “just a small dip would suffice, if the green circled retest repeats here at ~$2468 (black).”

However, if that level is lost, ETH could see a 10%-15% pullback toward the $2,200-$2,100 mark. Rekt Capital also remarked that the second-largest crypto by market capitalization has managed to fill the $2,530-$2,630 Daily CME Gap, created in March.

Amid its breakout, ETH also formed two small CME Gaps at the $2,300-$2,400 and $2,100-$2,200 levels, which could be closed soon. The former is the “more important dipping area, as it is also a Weekly CME Gap.”

Additionally, he affirmed that Ethereum intends to fill its Macro CME Gap, between $2,900 and $3,350, signaling that a surge toward those levels could be ahead.

As of this writing, Ethereum trades at $2,597, a 5% increase in the daily timeframe.

A Colorado-incorporated firm has been linked to a Chinese illicit marketplace that has served scammers in Southeast Asia and has been used to channel billions of dollars worth of crypto.

The marketplace, called Xinbi Guarantee, has received $8.4 billion, primarily in Tether stablecoin transactions to date, blockchain security firm Elliptic reported on May 13.

Merchants on the Chinese-language, Telegram-based illicit marketplace sell technology, personal data, and money laundering services to Southeast Asian scammers who target victims using pig butchering scams.

On its website, Xinbi describes itself as an “investment and capital guarantee group company” and claims to operate through Xinbi Co. Ltd, a Colorado-incorporated company incorporated in 2022.