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#AbuDhabiStablecoin $XRP at $500: What Would It Take? Current price (as of 2024): ~$0.50ā$0.70 Market cap at $500/XRP: Over $25 trillion (assuming circulating supply of ~50 billion XRP) For comparison, Bitcoinās peak market cap was around $1.3 trillion, and Apple Inc.ās is ~$3 trillion. Bottom line: For XRP to reach $500, it would need to become the dominant global liquidity bridge for cross-border transactions, replacing major currencies and SWIFT systemsāan extremely ambitious scenario. --- Abu Dhabiās AE Coin: A Strategic Move AE Coin is a dirham-backed stablecoin launched by Abu Dhabi. It reflects the UAEās aggressive push toward becoming a global crypto and fintech hub, aligning with its CBDC initiatives and pro-blockchain regulation. By launching a stable, government-backed digital currency, the UAE aims to: Boost cross-border trade efficiency Attract Web3 investments
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Technical Analysis (ETHUSDT - Monthly Chart Overview) Current Price: $1,779.38 24h Range: $1,730.60 - $1,828.00 Key Observations: 1. Trend: Strong bearish momentum ā consecutive red candles, recent candle pushing toward multi-month support levels. 2. Support Zones: $1,730 - $1,750: Recent wick lows and buyer interest zone. $1,384: Monthly support. 3. Resistance Zones: $1,845 - $1,860: Closest resistance. $2,000: Psychological resistance. 4. RSI(20): 46.27 ā mid-level, but pointing downward = moderate bearishness. 5. MA(5) vs MA(10): MA(5) ($135.8M) above MA(10) ($112.3M) ā signaling short-term strength in volume, but overall trend remains bearish. --- Intraday Trading Signal (Short-Term Strategy) Scenario: Scalping or Day Trade in Bearish Market --- 1. Entry Point(s): Aggressive Buy Entry (Scalp): $1,755 - $1,765 (support zone retest) Conservative Buy Entry: $1,730 (if price dips and forms bullish rejection wick) Short Entry (Bearish): $1,820 - $1,835 (retest of resistance zone with rejection) --- 2. Stop-Loss Placement: Long Trade SL: Below $1,725 (strong support break = invalidation) Short Trade SL: Above $1,850 (resistance break confirms reversal) --- 3. Take-Profit Target(s): Long Trade TP1: $1,790 Long Trade TP2: $1,820 Long Trade TP3: $1,845 (near resistance) Short Trade TP1: $1,785 Short Trade TP2: $1,765 Short Trade TP3: $1,730 --- Risk-Reward Consideration: Target minimum 1.5:1 R/R ratio Trade only if price action confirms with volume spike or reversal candlestick pattern near entry zone. $ETH
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#ShareYourTrades $XRP tp 10 doler
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#ShareYourTrades $XRP tp 10 doler
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$XRP -- Entry Price: spot 2.2150( DCA š”ļø Stop Loss (SL): 1.9800 šÆ (TP) Targets: šÆ $2.4411 šÆ $2.6378 šÆ $2.7675 šÆ $3.000
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