🚀 $XRP Eyes $3 — Bullish Structure Signals Liftoff
Open Interest surges to $4.96 billion, bolstering XRP's ascent.
The NASDAQ-listed Volatility Shares XRP futures ETF will invest 80% of net assets in XRP instruments.
The RSI at 56 indicates opportunity for growth before overbought circumstances for XRP.
After Bitcoin (BTC) surged to new all-time highs at $111,880, Ripple's (XRP) price rose to $2.43 on Thursday, driven by rising crypto market sentiment. Short-term support around $2.40 is above important demand regions including the 50-day and 100-day Exponential Moving Averages (EMAs) at $2.29 and $2.26, strengthening XRP's bullish outlook.
Volatility Shares to debut NASDAQ XRP futures ETF
Volatility Shares, a registered investment adviser, will launch the first XRP futures ETF on Nasdaq on Thursday as XRP rises.
Volatility Shares said on Wednesday that it would devote at least 80% of its net assets to XRP-linked securities, giving investors unlevelled exposure to XRP futures via a Cayman Islands subsidiary.
The business also created a 2x XRP futures ETF that promises twice the daily appreciation of XRP via double the leveraged exposure to futures contracts.
The prolonged case is approaching its conclusion when Ripple and the SEC settled for $50 million and filed a joint petition to terminate the appeals. Even though the Court denied the application, Ripple and the Commission will work together to reach an indicative judgment.
XRP becomes bullish as Open Interest rises
Open Interest (OI) rose 25% to $4.96 billion, bolstering XRP's ascent. Over the preceding 24 hours, trade volume rose 59% to $6.59 billion, indicating a strong market rebound.
Massive money inflow and trader interest favor a $3.00 surge. XRP is above major moving averages on the daily chart below, including the 50-day EMA at $2.29, the 100-day at $2.26, and the 200-day at $2.05.
A dotted trendline from the tariff-triggered drop at $1.61 confirms the uptrend's strength, establishing a higher low pattern.
#xrp #BTCBreaksATH110K #MerlinTradingCompetition $XRP $BTC
𝐀𝐋𝐓𝐂𝐎𝐈𝐍𝐒 𝐀𝐑𝐄 𝐃𝐄𝐀𝐃 🚨🚨
This is what Bitcoin Maxis are saying.
BTC hit a new ATH of $111k today, but altcoins are still down 50-80% from their ATH.
But here is why BTC Maxis are wrong.
Each cycle, the majority of Altcoin rally happens for just a few months.
In the 2018-21 cycle, ETH and many other altcoins pulled 10x in just 4-5 months.
In the 2014-17 cycle, altcoins pumped 50x-100x in just 3-4 months.
This time, something similar will happen.
Altcoin will rally sometime during Q3/Q4 for a few months, and that would be a parabolic run.
After that, there will be a blow-off top.
So, accumulate now and sell during euphoria.
Don't feel depressed looking at BTC charts.
A biased settlement layer is a centralized database that settles transactions, code and communication. Bank of America, JP Morgan, Amazon, Facebook, X, Apple, etc. These databases can stop working and be censored.
A credibly neutral settlement layer is a distributed database (aka blockchain) that settles transactions, code and communication. There’s only one and it runs 24/7 without censorship: Ethereum.
BRAKING NEWS ALERT For $IO .. Soon 2-3x Pump
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The rise of #io.net and the introduction of IO tokens mark the beginning of a transformative era for the Web3 GPU computing network. In response to the growing global demand for high-performance computing power, io.net has opened new avenues for developers with its state-of-the-art GPU computing network. As the primary currency within this ecosystem, IO tokens are set to demonstrate significant value as io.net continues to thrive and attract more users. With continuous technological innovation and widespread application, io.net is on track to become the world’s leading Web3 GPU computing platform. Concurrently, IO tokens, being the ecosystem’s cornerstone, are likely to attract considerable interest from investors and developers.
Focus 2: Insights from the Decentralized Infrastructure (DePIN) Track
The DePIN track seamlessly integrates the advantages of blockchain technology with traditional infrastructure, fostering societal advancement.