At the moment, #XRP is in a very critical condition, reflecting a significant increase in its recent price. However, high selling pressure is looming that could limit its bullish momentum. The asset faces the challenge of breaking a key resistance at $3 USD, which could consolidate its position at a higher level of the market.
To reach this milestone, XRP needs to add approximately $31.2 billion to its current market cap, putting it at $171.2 billion USD. This is due to the basic price calculation, where the price of a token is defined by:
Market Cap ÷ Circulating Supply = Token Price
Current Situation: 139,980,000,000 ÷ 57,050,000,000 = $2.4 USD
The dynamics between circulating supply and market cap show that:
- Although XRP has achieved solid growth, it still faces significant hurdles in breaking through its next critical level. Selling pressure, coupled with market uncertainty, could act as barriers to achieving this target. However, if it manages to break through this resistance threshold, XRP could attract renewed interest from investors. -
A piece of advice... Do not trade based on the sentiment of the Square (timeline of your profile). Seek advice from good traders, read, ask ChatGPT, pray to God, but never, ever in your life make your trades BASED ON COLLECTIVE SENTIMENT.
All these 3 years have taught me that: -sometimes everyone says one thing, and it ends up being another- 😉 I’ve gotten used to doing the opposite of what everyone says to do..
big upward boost today. I am happy. Learning from the futures was not easy. I think the next cut at $BTC for me is at 104k although it can be quite uncertain. you know 🫠
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Do you want to know what's happening? Trump is shaking the tree and the monkeys that can't hold on tight to the branches will fall right into his jaws.
You hold on tight or you fall... that's the question #MarketPullback $BTC
This Trump situation feels like when I was in high school and the chubby kid, the one who bullied, came in to wreak havoc on the stability of the group. I look at the chart (in any timeframe) and it seems like a mess, there’s no room for negotiation, everything is very crazy.
How can someone take pleasure in awakening fear and bad taste in others for themselves?
I don't say this because I've had losses but because: I never entered Trump’s meme coin or any of his assets and asset promotions because I sensed it would be a very bad, but VERY bad investment. And look at the result.
I started seeing posts about Alt seasons in Altcoins and how people were getting fomo buying memes and everything that Trump and his people said to buy and look at the result.
I don’t believe in any of the promises of any politician for obvious reasons. BELIEVE IN YOURSELF BETTER AND IN YOUR OWN MARKET STUDY and not in what people tell you and even less, what a politician tells you.
Buy COINS that have REAL UTILITY!
I don’t want to play devil's advocate but: The United States of America will be strong not by investing in cryptocurrency but by diluting the wealth that is here for its own benefit. 👀
And I want to emphasize again: BUY COINS THAT HAVE REAL UTILITY. #TrumpCryptoSummit
one single publication and $BTC is now OUT of the bear market territory and about ~16% from a new all-time high. not to mention $XRP and the others mentioned on TruthSocial
I thought it was the end but no.. this is my current position in this rebound. I think there is still time to get in and take a little from this. 🫰$BTC