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$ETH o over $2,900 in less than 24 hours, capping a wild ride three-day performance for the second most popular blockchain amid volatile crypto markets. The currency’s latest roller-coaster ride also coincides with ongoing drama among various Ethereum factions, and speculation among some in the crypto industry that the token is ceding ground to rival Solana.

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Analysis of Ripple (XRP) and its daily targets and weekly forecasts
Current price and performance of the currency
Ripple (XRP) is currently trading at $2.69, recording an increase of 4.67% over the last 24 hours. Its total market capitalization is $155.55 billion, while the daily trading volume is approximately $5.37 billion. XRP has experienced significant price fluctuations over the past few days due to market movements and increased interest in it.
Technical analysis and daily forecasts
Technical indicators show that XRP is facing strong resistance at $2.80, and if it breaks through, it may reach $2.86 during the day. The main support level is at $2.55, meaning that breaking this level could push the price down towards $2.45.
Weekly forecasts
According to technical analyses, XRP may see an increase to $2.86 during the current week, with the possibility of reaching $3.00 if the positive momentum continues. On the other hand, in the event of a downward correction, it may drop to $2.50 before rising again. Some analysts expect it to reach $4.20 by the end of the month if positive factors persist.
Factors influencing the price
The movement of XRP depends on the legal developments of Ripple Labs, as well as the performance of the cryptocurrency market as a whole. Additionally, increased institutional adoption may drive the price to higher levels.
$XRP

Cryptocurrencies are witnessing important developments in September 2024. One of the most prominent events is the Federal Reserve (FOMC) meeting on September 18, where interest rate cuts are expected to be discussed, which could lead to increased investments in assets such as cryptocurrencies 【7.

This month also sees the launch of major conferences such as Token2049, which will bring together industry leaders and investors to discuss the latest trends in the market 【7.

On the other hand, the outlook for the cryptocurrency market remains optimistic. Bitcoin is expected to remain resistant to market volatility, with the possibility of exceeding the $30,000 barrier in the first quarter of 2024, especially with the approach of the fourth Bitcoin halving in April 2024.

The forecast also includes a recovery in the NFT market and an increase in protocol fees on major networks such as Ethereum and Solana, indicating continued innovation and growth in this sector

Wall Street-listed Bitcoin Mining Company Rebounds After Last Sharp Drop!
A Wall Street-listed Bitcoin mining company has performed remarkably this year, posting losses of just $29 million.
This improvement comes amid a significant increase in the company’s revenues, which benefited from the rise in cryptocurrency prices.
According to the company’s financial results for the year ending June 30, 2024, the company’s revenues increased by 145%, and Bitcoin production increased by 30% compared to the previous year.
Irene’s financial performance has improved significantly in 2024:
The company reported record revenues of $184.1 million from Bitcoin mining, compared to $75.5 million in the previous fiscal year.
IREN mined 4,191 BTC during the year, compared to 3,259 BTC in FY23.
Adjusted net income before interest, taxes, and depreciation also improved significantly, rising to $54.7 million compared to $1.4 million in the previous year.
The company turned to positive net income before interest, taxes, and depreciation of $19.6 million, compared to a loss of $123.2 million in FY23.
As a result of these improvements, the net loss was reduced from $172 million in the previous year to $29 million.

The first option allows for faster withdrawals, which will require a small fee paid in DOGS tokens. The second option offers slower withdrawals but does not incur any fees. Users can choose the method that best suits their needs for receiving DOGS tokens. This initiative aims to expedite the process with reduced blockchain load.

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