tds

🟢 XRP Supercycle Incoming? IQ Record Holder, 3 Bullish Signals Align

YoungHoon Kim, holder of the verified world record for the highest IQ at 276, officially declared on X that the XRP supercycle is just beginning. This sentiment bomb lands as XRP hovers around $1.05, igniting fresh narrative momentum for the Ripple token. Technical analysts are also pointing to historical data suggesting XRP's cycle highs occur every three to five years, with potential tops between 2028 and 2030 if a bottom forms in 2026. Three bullish signals are now flashing on XRP's daily chart: a Tom DeMark Sequential "9" buy signal, a Morning Star Doji candlestick pattern near support, and a surge in daily active addresses from 23,000 to nearly 39,500. This rare alignment of narrative, technicals, and on-chain activity could signal a localized bottom and potential short-term rallies, but sustained volume and a break above $1.30 are needed for confirmation. The real test, however, lies in whether this setup validates the long-term supercycle thesis.

📊 Short-term bullish pressure on XRP, potentially leading to a retest of resistance levels around $1.30. Broader altcoin markets may see a minor uplift if XRP's momentum is sustained.

Can these signals push XRP past $1.30 and kickstart the supercycle? 👇

#xrp #ripple #supercycle #tds #candlestick

🟢 Is an XRP supercycle on the way? A record-holder IQ and 3 bullish signals converge

YoungHoon Kim, holder of a verified world record for the highest IQ (276), officially stated on X that the XRP supercycle is only just beginning. This narrative bomb lands as XRP hovers around $1.05, igniting a new narrative push for the Ripple token. Technical analysts also point to historical data suggesting that XRP cycle peaks occur every three to five years, with potential tops between 2028 and 2030 if the bottom forms in 2026. Three bullish signals are now flashing on the XRP daily chart: a Tom DeMark Sequential "9" buy signal, a "Morning Star" candle pattern (Morning Star Doji) at support, and a spike in active addresses on the day—from 23,000 to nearly 39,500. This rare convergence of narrative, technical indicators, and on-chain network activity may hint at a local bottom and potential short-term rallies, but confirmation requires sustained volume and a breakout above $1.30. However, the real test is whether this setup will validate the long-term supercycle thesis.

📊 Short-term bullish pressure on XRP, potentially leading to a retest of resistance levels around $1.30. Broader altcoin markets may see a modest uptick if XRP’s momentum holds.

Will these signals push XRP above $1.30 and kick off the supercycle? 👇

#xrp #ripple #supercycle #tds #candlestick

Indian investors, heads up - the latest budget is tightening the screws on crypto compliance.

Digital asset platforms now face stiff penalties of up to **Rs. 50,000** for inaccurate transaction reporting. The controversial regime stays firm: **30% tax** on gains plus mandatory **1% TDS** on transfers.

This means higher compliance costs, stricter reporting, and bigger headaches for local traders and exchanges. Stay updated and keep your records clean to avoid trouble.

#CoinVahini #India #Tax #TDS #Compliance

Central Board of Direct Taxes (#CBDT ) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year.

The #Indian #government had implemented one percent direct tax on all crypto transactions from July 1, 2022.

In an interview with #ani , the tax body’s chairman revealed that they have collected over 700 crore INR ($84 million) in TDS during the current financial year from online gaming companies and crypto transactions.

Over 12$ million was collected from taxes on crypto.

Tax Imposed After “Phenomenal Increase” in Crypto Transactions

Though crypto regulations in India remain unclear as of now, the central government has imposed heavy taxes in order to curb unsupervised crypto’s adoption in the world’s most populated country.

In her 2022-23 Budget speech, India’s Finance Minister Nirmala Sitharaman announced one percent #TDS on crypto transactions.

She cited “phenomenal increase” in crypto transactions as a reason for a specific tax regime.

At the same time, she proposed taxing income from the transfer of any virtual digital asset at 30 per cent.

The central government of India has significantly changed its stance on crypto regulations in the last year.