XRP’s technical setup is playing out another major move, and this time the bullish momentum is being backed by the reappearance of one of its most powerful historical indicators. According to a new analysis posted by Egrag Crypto on the social media platform X, XRP’s 21 EMA and 55 SMA weekly crossover has been playing out quite nicely, with XRP recently hitting $3.65 on July 18 before cooling off.

Now, this analysis projects that the pattern may still be in its early stages. Based on historical outcomes, XRP might be on track to reach as high as $9 or even $24.

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Bull Crosses Cause Massive Rallies For XRP

EGRAG’s chart, which displays XRP’s weekly price action with the 21 EMA and 55 SMA trendlines, shows that each time a bullish crossover occurred between the two trendlines, it marked the beginning of a strong price rally. The first instance of such a cross was in March 2017, and by the end of that cycle, XRP’s price had reached a peak that represented a 40,000% surge from its low. Then in August 2020, a similar crossover produced a 750% pump before topping out.

The most recent bullish crossover occurred in October 2024 and has so far resulted in a 560% rise from XRP’s bottom in September 2024. However, there was a similar temporary pump in April 2023 that Egrag excluded from his model.

Based on different assumptions about the previous price playout between the two cycles, the analyst outlined two possible targets for the current cycle. The first projection is a 1,500% rally, double that of 2020’s run, which would place the price peak for this cycle at $9. The second projection is a 4,000% rally, which represents just 10% of the massive 2017 spike. This second, more bullish projection places XRP’s price peak anywhere at $24.

Chart Image From X: Egrag Crypto

XRP Drops To Retest $3 After New ATH At $3.65

After reaching a new cycle high of $3.65 on July 18, XRP failed to hold above the $3.21 resistance zone and corrected down to test the $3.00 support level on July 24. The price volatility, although strong, wasn’t enough to break this support level. 

Crypto analyst CasiTrades also weighed in on the current technical setup by pointing to an Elliott Wave count that suggests a major third wave is about to begin. In her analysis posted on X, she confirmed that XRP has completed a subwave 2 correction, reaching the deep 0.854 Fibonacci retracement level before bouncing. What’s important here is that the price held above $3, never forming a new low, which is probably now a new price floor.

Chart Image From X: CasiTrades

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If buying volume increases and XRP regains its hold above $3.21, the next move is to target $3.82, which coincides with the 2.618 Fibonacci extension. Interestingly, the analyst noted that $3.82 also aligns with what many platforms historically recorded as XRP’s new all-time high. Should XRP close a weekly candle above $3.82, it could lead to prices that align with Egrag’s projections.

At the time of writing, XRP is trading at $3.17.

Featured image from Getty Images, chart from TradingView

Crypto Regulation’s Jenga Tower

In her remarks at the SEC Speak event, SEC Commissioner Caroline Crenshaw said that the regulatory agency is undermining its decades of work while staring at “alarming market volatility, emerging risks, and calls for deregulatory action in all corners of our markets.”

The Democratic Commissioner affirmed on Monday that the watchdog is “playing a game of regulatory Jenga,” with their “proverbial Jenga Tower,” comprised of “a set of discrete but interrelated rules and laws, deeply and carefully developed over the years.”

Criticizing the SEC’s new regulatory approach, Crenshaw questioned how many blocks the Commission can pull “before the tower gives away,” arguing that it has already shaken the tower by pulling institutional integrity, failing to enforce laws, and ignoring potential market risks.

She affirmed that the “most devastating” Jenga piece to go was the SEC staff, which has declined by nearly 15% in the past four months. Additionally, Crenshaw blasted the agency’s recent use of guidance on topics like memecoins and crypto mining “to walk away from rules and upend longstanding practice.”

In particular, our statements on these crypto-related issues are the equivalent of a wink and nod intended to convey that we do not plan to rigorously apply our laws in certain, specific situations. For example, the statements pull at the threads of our most foundational case law while meekly suggesting – in footnotes – that we still might do the required facts and circumstances analysis in each case.

The Commissioner stated that crypto presents “certain novel risks,” which could lead the agency to “repeat hard lessons with high stakes” if they fail to address them as crypto becomes increasingly entangled with traditional finance.

SEC’s New Regulatory Approach

One of Crenshaw’s key remarks also addressed the SEC’s long-criticized “regulation by enforcement” approach, slamming the new “regulation by non-enforcement” of the Trump administration.

According to the Democratic Commissioner, the term was a “total misnomer” as the agency staff didn’t try to create new laws with the cases. Instead, these actions “applied decades-old precedent to address violations of existing securities laws.”

She alleged that the SEC has abandoned its duty to enforce existing law with the shutdown of its enforcement program “in anticipation of creating new crypto-friendly rules.”

On the contrary, the SEC’s new chairman, Paul Atkins, criticized the agency’s previous “head-in-the-sand” regulatory approach, affirming that it stalled innovation and created an uncertain state for the crypto industry.

At the SEC Speak event, Atkins shared his vision for a more welcoming and constructive regulatory environment, contrary to the previous administration’s aggressive “shoot-first-and-ask-questions-later” strategy.

He detailed that this approach led to a communication breach and a lack of trust between the SEC and the crypto industry, which made working together on complex legal matters difficult.

Ultimately, Atkins directed the Division of Corporation Finance to address these issues by maintaining transparent interactions with the public. He also announced that the SEC’s policy Division has started drafting rule proposals related to crypto.

“As I begin my tenure as Chairman, I can tell you that we are getting back to our roots of promoting, rather than stifling, innovation. The markets innovate, and the SEC should not be in the business of telling them to stand still. It is a new day at the SEC, and I look forward to what we are going to be able to accomplish for investors and the markets,” he concluded.

Exploitation of political names

Using the names of well-known people is an easy way to attract attention. Based on a report from Bubblemaps, Token’s Solana relationship with “JV7D” raised a red flag. Once the insider holds most of the coins, he is free to throw them away. Retail investors will retain what remains. It often means a big loss.

Making rug#erictrump It’s trending on most platforms now. Avoid that. pic.twitter.com/g1ke7wkmca

– Bubblemaps (@bubblemaps) May 16, 2025

Warning sign on chain

Cluster analysis showed that the top 250 holders were linked via a small number of addresses. That pattern reflects wolves’ tokens, with little to nothing since reaching 42 million. Analysts say these moves fit the classic Lag Palscript and disappear after early supporters cashed out at peak.

Copycat tokens multiply

The same wallet, known as the “BJTM,” has launched three other Eric Trump tokens that had already rushed over quickly. Based on CoinMarketCap data, over 736 mimicking tokens have been pushed into the official card wallet space. Of those, 192 use Trump’s surname, and 67 claim to be “official.” Even Elon Musk’s name appears in at least 35 people.

Global political targets

Scammers aren’t stopped at our numbers. In April, the UK’s MP Lucy Powell’s verified X account was hijacked to promote fake Solana tokens. It took advantage of her 70,000 followers to net only 225 people, but showed that trustworthy badges were cheating on people.

Investor warning light

Based on this pattern, analysts will be warned. When the value of the token spikes without a clear backing and most coins are sitting in some wallets, it is a signal to retreat. Blind loyalty to political or other names can turn into economic pain.

What’s coming next

The more political meme coins pop up, the more risks it gets. All high profile names can be bait. Investors should check who holds the token, monitor rapid launches on cheap networks like Solana, and keep in mind that it can disappear so quickly that the hype appears.

In a space where hype often outweighs the foundations, maintaining alerts may be the best way to come to mind.

Unsplash featured images, TradingView charts

Pro-crypto Republican Senator Cynthia Lummis of Wyoming is pressing the US Treasury to ease crypto tax laws as a means of evening out the playing field with foreign companies.

In a new thread on the social media platform X, Lummis says that the US’s competitive advantage in digital finance is at risk due to US companies being taxed more than their foreign counterparts, a loophole she and Republican Senator Bernie Moreno of Ohio are trying to close.

“Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. [Representative Bernie Moreno] and I urged the US Treasury to lift an unintended tax burden on U.S. digital asset companies. To lead the world in digital assets, we need a level playing field.”

In their letter to Treasury Secretary Scott Bessent, Lummis and Moreno say that when the Biden Administration signed the Inflation Reduction Act into law, they created a new tax known as the corporate alternative minimum tax (CAMT), which imposed a 15% tax burden on certain companies, creating a disadvantage for US firms.

“Corporations that own enough appreciated digital assets to be subject to CAMT must now pay taxes on unrealized gains in the value of those digital assets…

Neither Congress nor the Financial Account Standards Board (FASB) planned this outcome – it is the unintended result of a tax liability on decisions by a private organization that is focused on financial statement accounting standards, not principles of taxation.”

According to Lummis, the Treasury should use its power to change the law by either changing the tax burden owed or by excluding unrealized gains from the formula, because, as things stand now, corporations may be discouraged from holding large amounts of crypto assets.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Hoowy/80’s Child

The gaming industry isn’t as we used to know it. Now, there are several opportunities to earn money by playing video games. In this guide, I will present to you the best ways to make money from gaming. Read on if you want to play games for a living!

Can you really make money playing video games?

Most definitely! All you have to do is maximize your gaming skills, and the doors of income will open. The section below showcases ways of making it big in the video games industry.

The best ways on how to make money from video games are:

Thomas Watson, Sr famously said, “To be successful, you have to have your heart in your business, and your business in your heart.” For gamers who are ready to put their heart into their craft and earn, here are nine major ways to go about it.

1. Live streaming

With platforms like Twitch and YouTube allowing players to broadcast live gameplay, live streaming has become a lucrative way to earn. At the moment, Twitch streamers starting can earn between the range of $50 to $1500 monthly. The big names such as Ninja earn $100,000 or more monthly.

For you to make the most of live streaming, you have to build a huge following. Therefore, your content must be entertaining, and you have to possess expert-level gameplay skills. Once the audience starts growing, you can proceed to monetize your account. Earnings are mainly generated through ads, subscriptions, and sponsorships.

2. Create game guides on video platforms 

Another way to grow your social media channels is by uploading game guides. By sharing your expertise, you attract fellow gamers. With increased subscriptions and views, your earnings also grow. These guides could centre on tutorials, game development, and playing tips.

There are several game guides creators, making it very competitive. To stand out, ensure your content is clear and detailed. Also, it should be eye-catching, using nice backgrounds and engaging visuals. Lastly, you must be consistent, posting content at least weekly.

3. Become a cyber sports star 

The global gaming market is expected to be worth $665.77 billion by 2030. Based on its value at the end of 2023, this is a steady 13.1% over seven years. The people who would benefit most from this expansion are cyber sports stars.

Becoming a star is something everyone with a passion for gaming dreams of. Based on my experience in the iGaming industry, making it in professional gaming takes;

• Skill

• Determination

• Dedication.

To bolster your chances, I advise you to join a team where you can learn from each other and make extra money.

4. Gamble 

The gambling industry is also experiencing a meteoric rise. Players have a chance to use their knowledge for quick wins.

Gambling in Canada is a widely popular activity. Ontario, for example, offers a vibrant casino scene, attracting locals and tourists. In 2022, online gambling became legal in the province, and many websites have flooded the market.

With several casinos functioning, selecting one might be like searching for a needle in a haystack. To know which matches your preference, follow this guide to Ontario casinos. Here, you will find the best platforms in the province.

Pro Tip: Gambling should be approached with caution as there’s no guarantee to winning.

Become a video game journalist

There are a lot of people involved in online gaming, as they would like to have first-hand information on happenings in the industry. Therefore, if you are passionate about gaming and have a good writing game, you can consider becoming a video game journalist.

If you stay dedicated, it will be a rewarding career. A perk of being a top journalist is you get free passes to some of the biggest events, backstage interviews with players, and lots more. There is the option of freelancing which is very lucrative.

6. Test video games

“A delayed game is eventually good, but a rushed game is forever bad”, are the famous words of Shigeru Miyamoto, a legendary game designer. This means before game developers launch titles, they have to test them, ensuring it is suitable for their target audience who love gaming.

Providers are known to hire expert players to test their games; this could be before launch or an update. With the help of these game testers, they can determine the game’s quality, detect bugs, and gather feedback. Although the payout isn’t glamorous as that of a pro gamer, you will still get paid to play video games.

7. Conduct quality assurance (QA) testing

Although some would say it falls under understanding video game testing, I see QA testing as a different niche. As a quality assurance tester, your job is to identify bugs that could cause performance issues. An example is detecting glitches and freezing.

However, this source of income isn’t open to everyone. To earn money in QA testing, you must have an eye for detail and patience for repeated gameplay tests. Most people who make it in this field have a background in coding games, as they can fix the bugs.

8. Organize a gaming podcast

It’s the season of podcasts, and they are being adaptable to various industries. Whether it’s compelling stories or entertaining interviews, a podcast is the way to do it. There are various options for you, cutting across game reviews, interviews with professional gamers, and more.

There are three major ways to earn money from podcasts;

Only podcasts that offer valuable content generate money. Also, you have to be consistent if you count it as the source of your primary income.

9. Participate in gaming tournaments

The gaming industry is filled with several video game tournaments, going from mini to major. It could be either a forum organizing events for its community or the game launching a global tournament. This has been lucrative for top players, as they have accumulated million-dollar from prize pools.

Reaching this level isn’t as easy as it looks. However, if you want to stack cash then you have to hone your craft. Notable professional games that have made it from tournaments include;

• Johan “N0tail” Sundstein: A popular Dota 2 player who has made over $6.9 million.

• Kyle Giersdorf (Bugha): Won the $3 million prize money at the 2019 Fortnite World Cup.

These players went from humble beginnings to becoming millionaires. To reach this level, keep competing!