As of April 17, 2025, the NQ 1-hour chart reveals a developing Elliott Wave corrective pattern.
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Nasdaq Elliott Wave update: Wave (iv) in progress, setting up for wave (v) of ((c)) of 2
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FOREX NEWS & BLOG
Taurex Sponsors Guinness World Record-Breaking Trading Competition
Taurex is proud to announce its role as an official premium sponsor of the trading competition that set a new Guinness World Record for the Most Participants in a Trading Competition, achieved at the PRO FX Expo MENA 2025 in Dubai.
Held on 9–10 April at Media City, the event attracted over 3,000 participants and marked a historic milestone for the global trading community. As one of the premium sponsors, Taurex supported the event’s organisation and visibility, underscoring its ongoing commitment to enhancing accessibility and innovation in retail trading.
Bringing Traders Together on a Global Stage
Throughout the expo, Taurex engaged with hundreds of attendees across the two-day event, sharing insights, platform features, and partnership opportunities. The record-breaking competition served as a standout moment, reflecting the increasing scale and enthusiasm of traders worldwide.
“Being part of this historic achievement aligns with our vision to support bold, high-impact initiatives that unite traders and push industry boundaries,” said Nick Cooke, CEO of Taurex.
Industry Recognition: Two Key Awards
In addition to its involvement in the competition, Taurex was honoured with two prestigious awards during the expo season:
· Best Emerging Trading Application
· Best Global Partnership Program
These accolades further reinforce Taurex’s technology-driven approach and its commitment to innovation and strategic partner success.
As Taurex continues to expand its global presence, its focus remains on delivering personalised support, cutting-edge trading technology, and sustainable growth opportunities for clients and partners alike.
About Taurex
Taurex is a globally recognised, multi-regulated broker offering over 1,500 financial instruments across forex, commodities, shares, indices, metals, and more. The company supports traders and partners with innovative trading tools, region-specific promotions, and comprehensive partner support.
For more information, please visit www.tradetaurex.com or contact support@tradetaurex.com.
This article was written by FM Contributors at www.financemagnates.com.
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Trump: Every Nation, including China, wants to meet!
Trump: “Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!”
The little part citing China is what triggered a spike in risk assets. There are probably algos set to trade every positive China headline even if taken out of context.
We all know that both want to negotiate but nobody wants to make the first step.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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Hantec Markets Reports Record Q1 Growth
Hantec Markets has delivered its strongest-ever first quarter, with standout growth across trading volume, new applications, and active clients—driven by continued platform enhancements, global partnerships, and strategic investments in talent.
Compared to Q1 2024, trading volume in Q1 2025 rose by 54.2%, climbing from $283.7 billion to $437.6 billion. The number of unique active clients increased by 26.7%, and the number of new applications surged with an increase of 294% vs Q1 2024, marking a substantial acceleration in client acquisition across multiple regions.
Q1 2025 also saw the launch of several major initiatives that helped fuel this momentum:
- Global Sponsorships: Strategic partnerships with Atlético de Madrid and Fortaleza EC expanded Hantec Markets’ visibility and brand equity across Latin America.
- InsightPro Launch: The release of InsightPro, an AI-powered signals and sentiment platform, provided traders with real-time market intelligence via Telegram, email, and client portals.
- Digital Platform Expansion: The launch of hpartners.com and continued web platform improvements helped streamline onboarding for Introducing Brokers and Affiliates.
- Product Innovation Pipeline: Upcoming launches include live trading competitions and a loyalty programme aimed at deepening trader engagement and long-term value.
- Global Talent Growth: New global key hires across SE Asia and Latin America have strengthened the Group’s global capabilities and enhanced localised client service.
“We’re seeing the direct results of long-term investment in product, people, and partnerships,” said Nader Nurmohamed, COO at Hantec Markets. “Q1’s growth figures reflect both the trust clients place in us and our ability to scale quickly without compromising on quality.”
As Hantec Markets continues to expand globally, its focus remains clear: delivering a smarter, faster, and more rewarding trading experience—backed by cutting-edge tools, strategic alignment, and a commitment to client success.
About Hantec Markets
Hantec Markets is a global multi-regulated trading broker, providing traders with access to forex, commodities, indices, and more. Backed by the award-winning Hantec Group, the broker focuses on building transparent and easy-to-access trading experiences for traders across the world.
This article was written by FM Contributors at www.financemagnates.com.
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ECB sources report: Decision to cut interest rates was unanimous
Reuters is out with an ECB sources report already, noting that the decision to cut was unanimous. There are some dovish indications in the statement and now the ECB is racing this out.
The market may have initially reacted to the line that policy was no longer restrictive but the text also said that financial conditions are tightening, so the ECB may be edging towards offsetting that with another cut, particularly with the growth outlook worsening.
EUR/USD is down 55 pips on the day.
This article was written by Adam Button at www.forexlive.com.
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Gold off from fresh all-time highs on progress in US-Japan trade talks
Gold price (XAU/USD) corrects slightly to near $3,312 in Thursday’s European session after hitting a fresh all-time high of $3,358 earlier in the day.
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ATFX Marks 8th Year of Supporting the Duke of Edinburgh Cup in 2025
ATFX proudly continued its long-standing support of The Duke of Edinburgh Cup, with the first 2025 event held at Steyn City in Johannesburg, South Africa. Attended by golf enthusiasts from various countries, this memorable event featured golf competitions, networking opportunities, and social gatherings.
The event kicked off with a Welcome Party at Nineteen by Michael, The Club at Steyn City, offering attendees the chance to network and socialize in a relaxed setting. A highlight of the event was the Golf Clinic, where participants had the opportunity to refine their skills and receive expert guidance from professional golfers.
The Duke of Edinburgh Cup Qualifier saw golfers competing for the prestigious title, with a halfway session to recharge. The day culminated in a sophisticated Gala Dinner, where participants and guests celebrated the day’s achievements in a festive atmosphere.
ATFX’s Commitment to Community Engagement
By supporting The Duke of Edinburgh Cup for the 8th year, ATFX reaffirmed its commitment to fostering meaningful relationships within the global community. As a company focused on innovation and client engagement, ATFX supports events that bring people together, promote collaboration, and celebrate excellence.
Through its ongoing participation, ATFX demonstrates its dedication to creating lasting value in communities. By supporting initiatives that foster connection, skill development, and personal growth, ATFX continues to empower individuals and promote positive change worldwide.
About ATFX
ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.
For further information on ATFX, please visit ATFX website https://www.atfx.com.
This article was written by FM Contributors at www.financemagnates.com.
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JPY bulls should be cautious about the US-Japan trade talks – DBS
Japan pushes back on US tariff demands, citing economic harm and insisting on separate FX talks, DBS’ FX strategist Philip Wee reports.
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Tariffs Damage US Economy and Greenback. Forecast as of 14.04.2025
In order to buoy the value of the US currency, tariffs should not damage the US economy. However, this scenario is out of consideration, as US President Donald Trump has decided to maintain his current approach. Let’s discuss this topic and make a trading plan for the EURUSD pair. Major Takeaways US policy volatility is a reason to avoid the greenback. Donald Trump’s tariffs will hurt the US economy. The EURUSD pair has started an uptrend. The euro can be bought on pullbacks with targets at 1.16 and 1.195. Weekly US Dollar Fundamental Forecast Will the US dollar be able… Read full author’s opinion and review in blog of #LiteFinance
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The USD is marginally higher to start US trading session. What are the technicals saying?
The ECB will announce its interest decision imminently with expectations of a 25 basis point cut. Meanwhile stocks are starting the US session with the Dow down by about -600 points, but the S&P is up marginally and the Nasdaq is also up marginally. US yields are higher by a basis point of two. The USD is modestly higher.
EURUSD: Eyes on ECB rate cut and key technical support
With the ECB widely expected to cut rates by 25 basis points, the EURUSD is trading at 1.1359—still over 100 pips below this year’s high at 1.1473, but well above the 2024 low near 1.0200, keeping the pair closer to the high end of its yearly range.
For a more bearish technical bias to develop through the ECB decision, two key events need to occur:
-
Break below the 100-hour moving average at 1.13495 – Price is currently hovering just above this level.
-
Sustained move below the 1.1271–1.1275 support area – This zone includes the 61.8% retracement of the range from the 2020 high (at 1.1271) and the July 2023 high (at 1.1275).
A confirmed move below both levels would likely accelerate downside momentum. Keep an eye on these technical levels as the ECB rate decision approaches.
USDJPY: Bounces off key support but needs to clear 100-hour MA to shift bias
The USDJPY dipped into a key swing area that dates back to August and September, between 141.64 and 141.94. The low extended to 141.66 before rebounding modestly.
On the topside, the falling 100-hour moving average, currently at 142.90, is a key resistance level. Although the pair briefly broke above it during the European session, the move lacked follow-through. A sustained move above the 100-hour MA is needed to tilt the bias more bullishly.
If that happens, the next upside targets are:
-
200-hour moving average at 144.49
-
38.2% retracement of the recent decline at 145.32
There’s a clear runway for further upside, but the bulls need to reclaim and hold above 142.90 to open the door.
GBPUSD: Holds support and bounces back into key resistance zone
The GBPUSD fell during the Asian-Pacific and early European sessions, testing the early April swing high at 1.32067. While the pair briefly dipped below that level, reaching a session low near 1.32057, downside momentum stalled, and the price has since rebounded.
The recovery has taken GBPUSD back into a key swing area between 1.3222 and 1.3245. A move above the 1.3245 level would open the door toward yesterday’s high at 1.3292. A break above that, and then through 1.3312, would put the 2024 high at 1.3432 in focus.
For now, price action remains constructive above 1.3200, but buyers need to clear resistance to regain control.
This article was written by Greg Michalowski at www.forexlive.com.
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How Low Can XRP Go? Expert Predicts XRP Price Could Hit 6-Month Lows
XRP price
(XRP) as of today (Thursday), April 17, 2025, is moving below $2.10, continuing
its decline from a $3.4 peak earlier this year. The crypto community is now
abuzz with a prediction from trader Ak47 that XRP could fall to $1.4, a level
last seen in October 2024.
In this
guide, we’ll break down Ak47’s prediction, explore the forces impacting XRP in
2025, and provide actionable insights for retail investors. Combining technical
analysis, market trends, and expert perspectives, we’ll help you understand
XRP’s trajectory and plan your next move.
Why
Will XRP Crash? Ak47’s $1.4 XRP Prediction
Ak47’s forecast is grounded in technical analysis, as seen in their chart shared on X. The trader identifies a key order block (OB) at $1.4, a zone of historical liquidity where large players might step in to buy, potentially halting the decline.
“$XRP is likely to hit the OB around $1.4 and then from there I’ll go long ,” Ak47 posted on April 8, 2025, alongside a chart highlighting an order block at $1.4. This bearish call raises critical questions: How low can XRP go? What’s driving this potential drop? And how can retail investors navigate the volatility?
$XRP is likely to hit the OB around $1.4 and then from there I’ll go long 🤝 pic.twitter.com/R268U38i5n
— Ak47♛ (@HolaItsAk47) April 8, 2025
His analysis points to several factors:
- Technical Breakdown: Ak47’s chart shows XRP breaking below a “CHOCH” (Change of Character)
on the daily timeframe, signaling a bearish shift. The price has already fallen
from $2.5 to $1.9, with $1.4 as the next significant support. - Market Sentiment: Ak47’s decision to “go long” at $1.4 suggests confidence in a rebound, but the drop to that level reflects broader market weakness. “This is a high-probability setup for a swing low,” they implied through their chart annotations.
- Historical Patterns: XRP’s price action mirrors past corrections. In 2022, XRP dropped 60% from its highs during a market-wide selloff, and a similar move from $2.5 to $1.4 would be a 44% decline—steep but not unprecedented.
XRP Price Is Going Up
Today
On
Thursday, April 17, 2025, XRP is up 0.7% and testing the $2.09 level. According
to CoinMarketCap data, the 24-hour gain stands at 1.51%, while the token’s
total market capitalization has risen to $122 billion, with daily trading
volume at $3.08 billion.
The price
is currently trading just above the key psychological support at $2.00.
However, according to an analyst on X, XRP may soon drop well below that level.
You may also like: How Low Can Bitcoin Go? This Expert Predicts BTC Price Drop to $10,000
Why Is XRP Going Down in
2025? Economic Pressures and Market Dynamics
XRP’s
struggles in 2025 stem from a mix of macroeconomic challenges and
crypto-specific headwinds. Here’s a closer look at the drivers, with insights
for retail investors.
“The
movement correlates with the ongoing tariff turmoil in particular with China/US
macro relations and risk assets, not isolated to digital assets,” said Paul
Howard, Senior Director at Wincent.
“On positives,
the Senate Banking Chair Tim Scott said crypto legislation will pass by August,
and NY State introduced a bill to accept cryptocurrencies as a form of payment.
Take the macro book out the picture and we’re continuing to see sideways
movement in digital assets this week,” he added.
Global Risk-Off Sentiment
Global
markets are in a risk-off mode, with equities like the S&P 500 down 6% from
their 2025 highs. Altcoins like XRP, often correlated with Bitcoin and equity
trends, are feeling the pressure.
Regulatory Uncertainty
Despite
Ripple’s legal wins against the SEC in 2023, regulatory uncertainty persists.
New U.S. policies under President Trump, including potential crypto
regulations, are creating hesitation.
Liquidity Squeeze
The Federal
Reserve’s inability to ease monetary policy in 2025—due to lingering
inflation—limits market liquidity. Unlike 2020, when stimulus fueled crypto
rallies, XRP lacks a similar catalyst. Retail investors expecting a quick
rebound may need to adjust expectations.
Crypto Market Saturation
The altcoin
market is overcrowded, with thousands of tokens competing for attention. XRP’s
market cap ranking has slipped as newer projects gain traction.
Flight to Safe Havens
Gold’s 16%
surge in 2025 reflects a shift to traditional safe havens. Investors who viewed
XRP as a hedge against inflation are reconsidering, adding downward pressure.
Retail investors might pivot to assets like gold, exacerbating XRP’s decline.
How Low Can XRP Go?
Historical Context and Technical Analysis
Ak47’s $1.4
prediction aligns with XRP’s historical volatility. XRP has seen sharp
corrections before:
- 2018: A 90% drop from $3.84 to $0.30.
- 2022: A 60% decline from $1.96 to $0.32 post-FTX collapse.
A 44% drop
from $2.5 to $1.4 fits this pattern, though it’s milder than past crashes.
What does
the technical analysis say? Based on my review of the XRP/USDT chart, the token
continues to hover above the psychological $2.00 support. Although this level
was briefly breached earlier in April, the price managed to recover and move
back above it. This zone may prove critical in determining whether Ak47’s
projection materializes. As long as XRP stays above this threshold, it suggests
that the bulls haven’t made their final move.
XRP also
remains within a downward-sloping regression channel, which could limit
stronger price rallies in the coming weeks.
In one
of my earlier articles, I identified the key support and resistance levels
currently shaping the XRP chart.
- Support: $1.77
– Reflects the February and April 2025 lows, serving as a crucial base in
recent price activity. - Support: $2.00
– A psychological barrier tested in December 2024 and active again during
February–March 2025. - Resistance: $2.52 – Marks the upper limit of a bearish regression channel and acts as a
short-term upside target. - Resistance: $2.59 – Aligns with local highs from mid-March 2025, positioned near the top
of the channel. - Resistance: $2.87–$2.99 – A key zone defined by peak levels reached in December 2024 and March
2025. - Resistance: $3.40 – Represents the 2025 high to date, acting as the primary ceiling for
bullish momentum.
Why XRP Might Hold Up?
Not
everyone is bearish on XRP. Optimistic analysts see a potential rebound in
2025, driven by Ripple’s growing adoption in cross-border payments,
institutional interest, and a favorable macro environment later in the year.
Below is a list of bullish XRP price predictions for 2025, contrasting Ak47’s
view:
- Standard Chartered projects
XRP to reach $5.50 in 2025, followed by $8.00 in 2026, $10.40 in 2027, and
$12.50 by 2028. Their outlook is driven by expectations of ETF inflows,
clearer regulatory frameworks, and rising demand for XRP in cross-border
payments. - CoinPedia offers a similar trajectory,
forecasting $5.81 in 2025 and $8.60 in 2026. Their optimism is based on
RippleNet’s increasing adoption, particularly by banks across Asia and Latin
America, which are turning to XRP to improve liquidity and settlement efficiency. - Changelly takes a more cautious view,
predicting $2.05 for 2025 and a longer-term target of $7.10 in 2028. Their
conservative estimate reflects ongoing macro uncertainty, market volatility,
and slower institutional engagement. - Egrag
Crypto issues the
most aggressive forecast, calling for XRP to hit $17.00 in 2025. This is rooted
in technical analysis, particularly a projected breakout above the $3.40
resistance, which Egrag sees as a catalyst for explosive upside.
These
forecasts rely on Ripple’s fundamentals, such as its role in global finance and
potential regulatory tailwinds. While Ak47 sees a dip, bulls argue XRP’s
utility and adoption could drive a recovery.
XRP News, FAQ
How low is XRP expected to
go?
Trader Ak47
predicts XRP could drop to $1.4, a 33% decline from its current $2.10 price,
aligning with a key order block support level last seen in October 2024. This
forecast is based on technical analysis showing a bearish shift, with
historical corrections supporting a potential 44% drop from $2.5, though $1.4
is considered a plausible floor where buyers may step in.
Could XRP reach $20?
Yes,
however, the most bullish 2025 prediction from Egrag Crypto forecasts XRP
reaching $17.00, driven by a technical breakout above $3.40. A $20 price would
require a 952% increase from $2.10, which, though not impossible given XRP’s
historical volatility (e.g., its 2017–2018 rally), is beyond current
projections and would likely need significant catalysts like widespread
adoption or a major market bull run.
Will XRP hit $5?
Yes, some
analysts are optimistic about XRP reaching $5 in 2025. Standard Chartered
predicts $5.50, and CoinPedia forecasts $5.81, citing Ripple’s growing role in
cross-border payments, ETF inflows, and regulatory clarity. These projections
contrast with Ak47’s bearish $1.4 call, suggesting a potential recovery if
macroeconomic conditions improve and Ripple’s fundamentals strengthen.
Will XRP hit $1000?
Even the
most bullish prediction (Egrag Crypto’s $17.00) is far below this level. A
$1000 price would imply a 47,519% increase from $2.10, requiring unprecedented
market dynamics, adoption, and supply changes (XRP’s circulating supply is ~56
billion). Such a target is highly speculative and not grounded in the article’s
forecasts
This article was written by Damian Chmiel at www.financemagnates.com.
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EURUSD Forecast & Predictions for 2025, 2026–2027, and Beyond
The EUR/USD currency pair is widely considered one of the most popular and traded pairs in the global currency market. Its rate reflects shifts in economic conditions across the US and the eurozone. The pair’s fluctuations are sensitive to the Fed and the ECB, inflation rate, and global events. This article delves into EURUSD forecasts for 2025 and beyond, assessing market sentiment and considering technical and fundamental factors. Read this material to get a definitive answer to the main question: is it worth investing in this currency pair now? Major Takeaways The current price of the EURUSD pair is $1.13671… Read full author’s opinion and review in blog of #LiteFinance
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