jabato
De 0 a infinito gracias Binance
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Great things are not forged in a short time
jabato
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Development History
#xrp
Nov 24, 2024Ripple partners with Archax and ABRDN PLC to launch a tokenized currency market fund on the XRP Ledger.Sep 11, 2024Grayscale launched the first XRP trust fund in the U.S., laying the groundwork for a potential future XRP ETF.Jun 20, 2024A U.S. district court dismissed several class action lawsuits against Ripple, alleviating legal pressures.Jan 30, 2024Chris Larsen was hacked, resulting in the theft of approximately 112.5 million dollars in XRP, attracting significant attention.
Nov 24, 2024Ripple partners with Archax and ABRDN PLC to launch a tokenized currency market fund on the XRP Ledger.Sep 11, 2024Grayscale launched the first XRP trust fund in the U.S., laying the groundwork for a potential future XRP ETF.Jun 20, 2024A U.S. district court dismissed several class action lawsuits against Ripple, alleviating legal pressures.Jan 30, 2024Chris Larsen was hacked, resulting in the theft of approximately 112.5 million dollars in XRP, attracting significant attention.
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Development History
#xrp
Nov 24, 2024Ripple partners with Archax and ABRDN PLC to launch a tokenized currency market fund on the XRP Ledger.Sep 11, 2024Grayscale launched the first XRP trust fund in the U.S., laying the groundwork for a potential future XRP ETF.Jun 20, 2024A U.S. district court dismissed several class action lawsuits against Ripple, alleviating legal pressures.Jan 30, 2024Chris Larsen was hacked, resulting in the theft of approximately 112.5 million dollars in XRP, attracting significant attention.
Nov 24, 2024Ripple partners with Archax and ABRDN PLC to launch a tokenized currency market fund on the XRP Ledger.Sep 11, 2024Grayscale launched the first XRP trust fund in the U.S., laying the groundwork for a potential future XRP ETF.Jun 20, 2024A U.S. district court dismissed several class action lawsuits against Ripple, alleviating legal pressures.Jan 30, 2024Chris Larsen was hacked, resulting in the theft of approximately 112.5 million dollars in XRP, attracting significant attention.
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XRP AT 3 DOLLARS?
Background Information: Ripple recently executed synchronized transfer operations involving 1.0 billion $XRP, of which 500 million $XRP were locked back in custody accounts, and the other 500 million $XRP came from unknown wallets. These operations, with a total value exceeding 1.1 billion USD, demonstrate a strategic internal restructuring within Ripple that could impact market liquidity.
Key Events:
Key Events:
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It is your opinion, like any other
jabato
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Ripple's $5 billion acquisition of Circle was rejected, drawing attention to the future trend of XRP.
Ripple's $5 billion acquisition offer for Circle was rejected, as Circle deemed the offer too low. The scale of Circle's USDC stablecoin market is rapidly growing and meets strict regulatory requirements, challenging Ripple's business model. Market analysis suggests that Ripple's move may be aimed at consolidating competition in the market. Recent capital flows into $XRP have increased, with an expected upward price, but it needs to maintain key support levels.
Ripple's $5 billion acquisition offer for Circle was rejected, as Circle deemed the offer too low. The scale of Circle's USDC stablecoin market is rapidly growing and meets strict regulatory requirements, challenging Ripple's business model. Market analysis suggests that Ripple's move may be aimed at consolidating competition in the market. Recent capital flows into $XRP have increased, with an expected upward price, but it needs to maintain key support levels.
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What do you have in mind Brad Garlinghouse?
jabato
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Ripple's $5 billion acquisition of Circle was rejected, drawing attention to the future trend of XRP.
Ripple's $5 billion acquisition offer for Circle was rejected, as Circle deemed the offer too low. The scale of Circle's USDC stablecoin market is rapidly growing and meets strict regulatory requirements, challenging Ripple's business model. Market analysis suggests that Ripple's move may be aimed at consolidating competition in the market. Recent capital flows into $XRP have increased, with an expected upward price, but it needs to maintain key support levels.
Ripple's $5 billion acquisition offer for Circle was rejected, as Circle deemed the offer too low. The scale of Circle's USDC stablecoin market is rapidly growing and meets strict regulatory requirements, challenging Ripple's business model. Market analysis suggests that Ripple's move may be aimed at consolidating competition in the market. Recent capital flows into $XRP have increased, with an expected upward price, but it needs to maintain key support levels.
See original
Ripple's $5 billion acquisition of Circle was rejected, drawing attention to the future trend of XRP.
Ripple's $5 billion acquisition offer for Circle was rejected, as Circle deemed the offer too low. The scale of Circle's USDC stablecoin market is rapidly growing and meets strict regulatory requirements, challenging Ripple's business model. Market analysis suggests that Ripple's move may be aimed at consolidating competition in the market. Recent capital flows into $XRP have increased, with an expected upward price, but it needs to maintain key support levels.
Ripple's $5 billion acquisition offer for Circle was rejected, as Circle deemed the offer too low. The scale of Circle's USDC stablecoin market is rapidly growing and meets strict regulatory requirements, challenging Ripple's business model. Market analysis suggests that Ripple's move may be aimed at consolidating competition in the market. Recent capital flows into $XRP have increased, with an expected upward price, but it needs to maintain key support levels.
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At the end of this year, xrp will be 👆🏽, this is my opinion of course it's not any investment advice 😉
jabato
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Bullish
The president of Ripple hints at explosive growth for XRP in 2025.
Ripple is accelerating the expansion of its digital finance ecosystem with the acquisition of Hidden Road, as president Monica Long declares that 2025 will be the most transformative year for the company to date.
Ripple's president, Monica Long, recently captured the attention of the XRP community with several key updates shared during an interview with CNBC. She emphasized the strategic acquisition of Hidden Road, a leading prime brokerage firm, which will significantly enhance Ripple's core services: payments, custody, and asset tokenization.
According to Long, the integration of Hidden Road's infrastructure will increase Ripple's operational efficiency, expand its global reach, and strengthen its end-to-end financial ecosystem, from liquidity sourcing to last-mile payments. The combination of prime brokerage, post-trade settlement via the XRP Ledger (XRPL), and institutional-grade custody is expected to unlock substantial performance gains.
Ripple currently holds more than 60 regulatory licenses worldwide, a significant competitive advantage in providing cross-border financial services. Long highlighted that Ripple has built its global network "brick by brick," anchored by solid liquidity tools and real-time settlement capabilities.
She expressed strong optimism, stating:
"2025 is shaping up to be Ripple's best year yet."
Meanwhile, Ripple's CEO, Brad Garlinghouse, also fueled excitement by applauding the upcoming launch of XRP Futures by CME Group on May 19. He called it a "long-awaited" milestone that signifies the growing maturity and recognition of the XRP market.
Where will we see #Xrp🔥🔥 by the end of this year?
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Ripple is accelerating the expansion of its digital finance ecosystem with the acquisition of Hidden Road, as president Monica Long declares that 2025 will be the most transformative year for the company to date.
Ripple's president, Monica Long, recently captured the attention of the XRP community with several key updates shared during an interview with CNBC. She emphasized the strategic acquisition of Hidden Road, a leading prime brokerage firm, which will significantly enhance Ripple's core services: payments, custody, and asset tokenization.
According to Long, the integration of Hidden Road's infrastructure will increase Ripple's operational efficiency, expand its global reach, and strengthen its end-to-end financial ecosystem, from liquidity sourcing to last-mile payments. The combination of prime brokerage, post-trade settlement via the XRP Ledger (XRPL), and institutional-grade custody is expected to unlock substantial performance gains.
Ripple currently holds more than 60 regulatory licenses worldwide, a significant competitive advantage in providing cross-border financial services. Long highlighted that Ripple has built its global network "brick by brick," anchored by solid liquidity tools and real-time settlement capabilities.
She expressed strong optimism, stating:
"2025 is shaping up to be Ripple's best year yet."
Meanwhile, Ripple's CEO, Brad Garlinghouse, also fueled excitement by applauding the upcoming launch of XRP Futures by CME Group on May 19. He called it a "long-awaited" milestone that signifies the growing maturity and recognition of the XRP market.
Where will we see #Xrp🔥🔥 by the end of this year?
Top
Top
Top
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The president of Ripple hints at explosive growth for XRP in 2025.
Ripple is accelerating the expansion of its digital finance ecosystem with the acquisition of Hidden Road, as president Monica Long declares that 2025 will be the most transformative year for the company to date.
Ripple's president, Monica Long, recently captured the attention of the XRP community with several key updates shared during an interview with CNBC. She emphasized the strategic acquisition of Hidden Road, a leading prime brokerage firm, which will significantly enhance Ripple's core services: payments, custody, and asset tokenization.
According to Long, the integration of Hidden Road's infrastructure will increase Ripple's operational efficiency, expand its global reach, and strengthen its end-to-end financial ecosystem, from liquidity sourcing to last-mile payments. The combination of prime brokerage, post-trade settlement via the XRP Ledger (XRPL), and institutional-grade custody is expected to unlock substantial performance gains.
Ripple currently holds more than 60 regulatory licenses worldwide, a significant competitive advantage in providing cross-border financial services. Long highlighted that Ripple has built its global network "brick by brick," anchored by solid liquidity tools and real-time settlement capabilities.
She expressed strong optimism, stating:
"2025 is shaping up to be Ripple's best year yet."
Meanwhile, Ripple's CEO, Brad Garlinghouse, also fueled excitement by applauding the upcoming launch of XRP Futures by CME Group on May 19. He called it a "long-awaited" milestone that signifies the growing maturity and recognition of the XRP market.
Where will we see #Xrp🔥🔥 by the end of this year?
Top
Top
Top
Ripple is accelerating the expansion of its digital finance ecosystem with the acquisition of Hidden Road, as president Monica Long declares that 2025 will be the most transformative year for the company to date.
Ripple's president, Monica Long, recently captured the attention of the XRP community with several key updates shared during an interview with CNBC. She emphasized the strategic acquisition of Hidden Road, a leading prime brokerage firm, which will significantly enhance Ripple's core services: payments, custody, and asset tokenization.
According to Long, the integration of Hidden Road's infrastructure will increase Ripple's operational efficiency, expand its global reach, and strengthen its end-to-end financial ecosystem, from liquidity sourcing to last-mile payments. The combination of prime brokerage, post-trade settlement via the XRP Ledger (XRPL), and institutional-grade custody is expected to unlock substantial performance gains.
Ripple currently holds more than 60 regulatory licenses worldwide, a significant competitive advantage in providing cross-border financial services. Long highlighted that Ripple has built its global network "brick by brick," anchored by solid liquidity tools and real-time settlement capabilities.
She expressed strong optimism, stating:
"2025 is shaping up to be Ripple's best year yet."
Meanwhile, Ripple's CEO, Brad Garlinghouse, also fueled excitement by applauding the upcoming launch of XRP Futures by CME Group on May 19. He called it a "long-awaited" milestone that signifies the growing maturity and recognition of the XRP market.
Where will we see #Xrp🔥🔥 by the end of this year?
Top
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CEO of Ripple: The launch of XRP futures on CME is a milestone for the crypto market
$XRP
DeepTech TechFlow reports that on April 26, according to FinanceFeeds, the Chicago Mercantile Exchange (CME) announced plans to launch futures contracts on $XRP , making XRP the third major digital asset traded on the platform after Bitcoin and Ethereum. Ripple's CEO, Brad Garlinghouse, stated on the social platform X that this is a "decisive moment," which not only validates XRP's status as a mature investment asset but also enhances its liquidity, stabilizes volatility, and attracts more institutional investors. Analysts believe this move could eventually lead to the introduction of ETFs related to XRP or other structured products, marking the recognition of utility tokens on major global financial platforms.
$XRP
DeepTech TechFlow reports that on April 26, according to FinanceFeeds, the Chicago Mercantile Exchange (CME) announced plans to launch futures contracts on $XRP , making XRP the third major digital asset traded on the platform after Bitcoin and Ethereum. Ripple's CEO, Brad Garlinghouse, stated on the social platform X that this is a "decisive moment," which not only validates XRP's status as a mature investment asset but also enhances its liquidity, stabilizes volatility, and attracts more institutional investors. Analysts believe this move could eventually lead to the introduction of ETFs related to XRP or other structured products, marking the recognition of utility tokens on major global financial platforms.
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CME Group will launch XRP futures reflecting the growth in interest and adoption of XRP
$XRP
CME Group plans to launch futures contracts for $XRP , reflecting the growing interest and adoption of $XRP in the market. This initiative could provide investors with more trading options and encourage further development of $XRP in financial markets.
$XRP
CME Group plans to launch futures contracts for $XRP , reflecting the growing interest and adoption of $XRP in the market. This initiative could provide investors with more trading options and encourage further development of $XRP in financial markets.
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The House of Representatives plans to publish a new bill on the structure of the cryptocurrency market by the end of this month.
The U.S. House of Representatives is preparing to present a new round of draft bills on the structure of the cryptocurrency market, which are expected to be published by the end of this month. This bill may refer to the "Financial Innovation and Technology Act of the 21st Century" (FIT21) passed by the previous Congress.
Meanwhile, the House STABLE Act and the Senate GENIUS Act have completed committee reviews, but have not yet advanced to full votes. Both differ slightly in the assignment of their regulatory authorities. (Blockworks)
The U.S. House of Representatives is preparing to present a new round of draft bills on the structure of the cryptocurrency market, which are expected to be published by the end of this month. This bill may refer to the "Financial Innovation and Technology Act of the 21st Century" (FIT21) passed by the previous Congress.
Meanwhile, the House STABLE Act and the Senate GENIUS Act have completed committee reviews, but have not yet advanced to full votes. Both differ slightly in the assignment of their regulatory authorities. (Blockworks)
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BREAKING NEWS: 🇺🇸 🇨🇳 TRUMP SAID THAT IN THE NEXT 2-3 WEEKS THE UNITED STATES WILL ESTABLISH TARIFFS ON CHINA.
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Competition between XRP and Bitcoin and Introduction to the XY Miners Cloud Mining Platform
This article presents the performance of $XRP and Bitcoin over the last five years and their future competition in the field of asset tokenization on blockchain. $XRP has advantages in asset transfer speed and fees, and its blockchain technology is updated more quickly. It has been used by multiple financial institutions for cross-border transactions. The article focuses on the XY Miners cloud mining platform, which offers various cryptocurrency mining contracts, allowing users to participate in mining without the need to acquire hardware. The platform guarantees the security of funds and provides multiple payment methods and technical support. Established in 2017 and based in the United Kingdom, XY Miners is regulated by the UK's Financial Conduct Authority and is committed to providing global users with secure, compliant, and transparent cloud mining services. The article suggests that XY Miners is an effective way to achieve passive income.
This article presents the performance of $XRP and Bitcoin over the last five years and their future competition in the field of asset tokenization on blockchain. $XRP has advantages in asset transfer speed and fees, and its blockchain technology is updated more quickly. It has been used by multiple financial institutions for cross-border transactions. The article focuses on the XY Miners cloud mining platform, which offers various cryptocurrency mining contracts, allowing users to participate in mining without the need to acquire hardware. The platform guarantees the security of funds and provides multiple payment methods and technical support. Established in 2017 and based in the United Kingdom, XY Miners is regulated by the UK's Financial Conduct Authority and is committed to providing global users with secure, compliant, and transparent cloud mining services. The article suggests that XY Miners is an effective way to achieve passive income.
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The CEO of Teucrium talks about the first XRP ETF in the U.S. and the practical value of XRP
Sal Gilbertie, founder and CEO of Teucrium, spoke about Bitcoin ($BTC) and XRP. On April 8, Teucrium launched the first 2x leveraged ETF on $XRP on NYSE Arca, aimed at providing ETF investors with greater daily exposure to the volatility of $XRP and paving the way for the approval of spot XRP ETFs. Gilbertie emphasized that $XRP is the most practical cryptocurrency, has unique value, and strong backing in its development, making it suitable for short-term investors betting on intraday price fluctuations. Compared to Bitcoin, $XRP is seen as a practical tool for value transfer, while Bitcoin is viewed as a store of value. Gilbertie also stated that $XRP and Ripple are driving broader financial transformation, committed to "tokenizing everything." This content does not constitute investment advice.
Sal Gilbertie, founder and CEO of Teucrium, spoke about Bitcoin ($BTC) and XRP. On April 8, Teucrium launched the first 2x leveraged ETF on $XRP on NYSE Arca, aimed at providing ETF investors with greater daily exposure to the volatility of $XRP and paving the way for the approval of spot XRP ETFs. Gilbertie emphasized that $XRP is the most practical cryptocurrency, has unique value, and strong backing in its development, making it suitable for short-term investors betting on intraday price fluctuations. Compared to Bitcoin, $XRP is seen as a practical tool for value transfer, while Bitcoin is viewed as a store of value. Gilbertie also stated that $XRP and Ripple are driving broader financial transformation, committed to "tokenizing everything." This content does not constitute investment advice.
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DEEP, XRP, and BTC temporarily occupy the top three positions in the Upbit 24-hour spot trading volume leaderboard
BlockBeats news, on April 23, according to CoinGecko data, in the last 24 hours, Upbit's trading volume reached 3.83 billion USD, of which the DEEP/KRW trading pair accounted for 20.28% of the volume, ranking first in the Korean won trading market. The other top five were $XRP, $BTC, AERGO, and TT, respectively.
BlockBeats news, on April 23, according to CoinGecko data, in the last 24 hours, Upbit's trading volume reached 3.83 billion USD, of which the DEEP/KRW trading pair accounted for 20.28% of the volume, ranking first in the Korean won trading market. The other top five were $XRP, $BTC, AERGO, and TT, respectively.
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The total supply of USDD 2.0 has surpassed 350 million.
Foresight News reports that, according to official data, the total supply of $USDD 2.0 has exceeded 350 million tokens. This supply milestone not only reflects the growth of $USDD in the market but also indicates that its ecosystem will continue to innovate and develop in the future. The $USDD team stated that it will continue to focus on optimizing technology, expanding partnerships, and providing users with higher quality decentralized financial services.
Foresight News reports that, according to official data, the total supply of $USDD 2.0 has exceeded 350 million tokens. This supply milestone not only reflects the growth of $USDD in the market but also indicates that its ecosystem will continue to innovate and develop in the future. The $USDD team stated that it will continue to focus on optimizing technology, expanding partnerships, and providing users with higher quality decentralized financial services.
Foresight News reports that, according to official data, the total supply of $USDD 2.0 has exceeded 350 million tokens. This supply milestone not only reflects the growth of $USDD in the market but also indicates that its ecosystem will continue to innovate and develop in the future. The $USDD team stated that it will continue to focus on optimizing technology, expanding partnerships, and providing users with higher quality decentralized financial services.
Foresight News reports that, according to official data, the total supply of $USDD 2.0 has exceeded 350 million tokens. This supply milestone not only reflects the growth of $USDD in the market but also indicates that its ecosystem will continue to innovate and develop in the future. The $USDD team stated that it will continue to focus on optimizing technology, expanding partnerships, and providing users with higher quality decentralized financial services.
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The market sentiment for XRP has turned optimistic, target price at $2.60
The market sentiment for $XRP has become cautiously optimistic, with traders watching for a breakout at $2.60, driven by whale activity and derivatives. Confidence in the market is increasing, with open interest in options rising by 24.40%, indicating an uptick in speculative positions. XRP is currently trading at $2.06, down 0.88% in the last 24 hours.
$XRP has managed to break out of a bullish flag pattern, with a target price of $2.6010. The influx of whales to exchanges has increased slightly, indicating a strategic repositioning by large holders. The NVT ratio has increased by 136.83%, showing that market capitalization is growing faster than on-chain transaction volume, which requires caution.
A short liquidation zone between $2.03 and $2.10 could trigger a breakout, with the critical pivot area being the $2.10–$2.20 zone. If $XRP can surpass $2.1665 and maintain momentum above $2.60, it could confirm a broader trend reversal.
The market sentiment for $XRP has become cautiously optimistic, with traders watching for a breakout at $2.60, driven by whale activity and derivatives. Confidence in the market is increasing, with open interest in options rising by 24.40%, indicating an uptick in speculative positions. XRP is currently trading at $2.06, down 0.88% in the last 24 hours.
$XRP has managed to break out of a bullish flag pattern, with a target price of $2.6010. The influx of whales to exchanges has increased slightly, indicating a strategic repositioning by large holders. The NVT ratio has increased by 136.83%, showing that market capitalization is growing faster than on-chain transaction volume, which requires caution.
A short liquidation zone between $2.03 and $2.10 could trigger a breakout, with the critical pivot area being the $2.10–$2.20 zone. If $XRP can surpass $2.1665 and maintain momentum above $2.60, it could confirm a broader trend reversal.
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Analysts predict that Bitcoin could surpass $100,000 in 2025 and could reach $200,000 in 2026.
$BTC
Analysts predict that Bitcoin could exceed 100 thousand dollars in 2025 and double to 200 thousand dollars in one year. Lyn Alden believes that trade wars and interventions by the Federal Reserve could drive the price of Bitcoin upward. The MVRV valuation indicator suggests that Bitcoin still has room for growth. Bernstein analysts and Dr. Sina from 21st Capital share a similar view, expecting Bitcoin to reach between 200 thousand and 300 thousand dollars. Polymarket data shows that the market is optimistic about Bitcoin exceeding 100 thousand dollars in the second half of 2025, but maintains a cautiously optimistic stance towards targets of 150 thousand and 200 thousand dollars. The market needs to overcome medium-term tariff uncertainties to achieve these goals.
$BTC
Analysts predict that Bitcoin could exceed 100 thousand dollars in 2025 and double to 200 thousand dollars in one year. Lyn Alden believes that trade wars and interventions by the Federal Reserve could drive the price of Bitcoin upward. The MVRV valuation indicator suggests that Bitcoin still has room for growth. Bernstein analysts and Dr. Sina from 21st Capital share a similar view, expecting Bitcoin to reach between 200 thousand and 300 thousand dollars. Polymarket data shows that the market is optimistic about Bitcoin exceeding 100 thousand dollars in the second half of 2025, but maintains a cautiously optimistic stance towards targets of 150 thousand and 200 thousand dollars. The market needs to overcome medium-term tariff uncertainties to achieve these goals.
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Signs of recovery in the price of XRP are emerging, but the decline in on-chain activity may present obstacles.
The price of $XRP has decreased by 0.74% in the last 24 hours, but is currently showing signs of recovery and may experience significant gains. Despite the overall market sentiment being unfavorable for its rise, the price of $XRP is forming an inverted head and shoulders pattern, which typically indicates a substantial increase in price. The trading volume of options traders surged by 256% in the last 24 hours, and spot market traders have also purchased $11 million in XRP. However, the decline in on-chain activity could slow down the upward movement of XRP. The number of executed trades fell from 1.56 million to 660 thousand, and the number of active accounts has also significantly decreased. If these indicators continue to decline, the rise of $XRP will face risks.
The price of $XRP has decreased by 0.74% in the last 24 hours, but is currently showing signs of recovery and may experience significant gains. Despite the overall market sentiment being unfavorable for its rise, the price of $XRP is forming an inverted head and shoulders pattern, which typically indicates a substantial increase in price. The trading volume of options traders surged by 256% in the last 24 hours, and spot market traders have also purchased $11 million in XRP. However, the decline in on-chain activity could slow down the upward movement of XRP. The number of executed trades fell from 1.56 million to 660 thousand, and the number of active accounts has also significantly decreased. If these indicators continue to decline, the rise of $XRP will face risks.
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XRP could reach 6 dollars as the Wave 2 correction nears completion
Cryptocurrency market analysts predict that XRP may soon rise to 6 dollars as the Wave 2 correction phase, based on Elliott Wave theory, approaches its end, paving the way for a bullish trend. This momentum is supported by strong technical indicators and growing optimism about a possible Ripple ETF approval.
Currently, XRP is trading around 2.08 dollars, fluctuating between key support and resistance levels. According to Casitrades, XRP has shown solid support around the levels of 1.90 and 1.55 dollars in recent weeks. If the price remains above these areas, a reversal and a strong upward move could follow.
A critical resistance level is at 2.24 dollars, corresponding to the Fibonacci retracement of 0.382. Breaking and maintaining above this level could trigger a strong rally towards price targets of 6 $, 9.50 $ e even 12 $, aligning with the Fibonacci extension of 1.618.
Technical indicators also support a bullish outlook. The MACD has given a buy signal, with the MACD line crossing above the signal line and the histogram turning green, indicating increasing buying pressure. The RSI remains in the mid-range, suggesting there is still room for growth if buying momentum continues.
However, short-term volatility remains a concern. Over 55 million XRP have recently been transferred to exchanges, which could create temporary selling pressure. Despite this, the long-term outlook remains optimistic due to technical support and growing anticipation of a Ripple ETF.
Cryptocurrency market analysts predict that XRP may soon rise to 6 dollars as the Wave 2 correction phase, based on Elliott Wave theory, approaches its end, paving the way for a bullish trend. This momentum is supported by strong technical indicators and growing optimism about a possible Ripple ETF approval.
Currently, XRP is trading around 2.08 dollars, fluctuating between key support and resistance levels. According to Casitrades, XRP has shown solid support around the levels of 1.90 and 1.55 dollars in recent weeks. If the price remains above these areas, a reversal and a strong upward move could follow.
A critical resistance level is at 2.24 dollars, corresponding to the Fibonacci retracement of 0.382. Breaking and maintaining above this level could trigger a strong rally towards price targets of 6 $, 9.50 $ e even 12 $, aligning with the Fibonacci extension of 1.618.
Technical indicators also support a bullish outlook. The MACD has given a buy signal, with the MACD line crossing above the signal line and the histogram turning green, indicating increasing buying pressure. The RSI remains in the mid-range, suggesting there is still room for growth if buying momentum continues.
However, short-term volatility remains a concern. Over 55 million XRP have recently been transferred to exchanges, which could create temporary selling pressure. Despite this, the long-term outlook remains optimistic due to technical support and growing anticipation of a Ripple ETF.
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