#MVRV and #tvl flash positive signs | koinmilyoner on Binance Square

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#MVRV  and #tvl  flash positive signs

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Ripple Launches XRPL Foundation; XRP Hits $2? Ripple, XRPL Labs, XRPL Commons, and XAO DAO established the non-profit XRPL Foundation. This group seeks long-term security, decentralization, and XRPL development. The company promotes community participation and allows developers to create dApps and financial solutions. To promote XRPL use, help developers and advance blockchain technology. Maintaining network decentralization and transparency. A Board of Directors, including founding members Ripple and XRPL Labs and rotating community directors, will govern. A General assembly will allow community involvement democratically, enabling balanced decision-making. We prioritize security, developer resources, strategic alliances, and regulatory lobbying. This collaborative strategy promotes XRPL ecosystem development, innovation, and resilience. The news should boost Ripple's XRP pricing. A well-governed, transparent basis boosts investor confidence in XRPL's long-term stability and development. Additionally, community and developer interaction may provide new use cases, increasing adoption and XRP demand. By the end of the month, analysts expect XRP token to reach $2. The XRP token price is $1.44 at press time, up 6.4% in 24 hours. Next for XRP? Investor interest may boost XRP's price in the near run. The XRPL foundation, Ripple's investment in Bitwise's XRP ETP and rebranding, and Archax's creation of the first tokenized money market fund on XRPL may attract investors. The coin has risen more than 25% in the previous week, and given the XRPL ecosystem, the trend is certain to continue. XRP's usefulness and value are likely to rise as XRPL's ecosystem develops and it solidifies its position as a crypto industry leader. #XRPMarketShift #MarketBuyOrHold? #BTCWatchZone $XRP

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The $XRP price has experienced a breakout. If it sustains above the $1.7 level, the first target will be $2.3. It’s worth monitoring this closely, as such a move could #signal significant momentum in the market. The breakout reflects growing interest in #XRP , potentially driven by increased adoption and positive sentiment around the project. Traders should keep an eye on key support and resistance levels to gauge price stability. With $2.3 as the initial target, further upward momentum might pave the way for new highs. Careful observation and strategic decisions are crucial during such pivotal market movements. #XRPMarketShift

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A potential formation has developed on the chart for the asset. If the price successfully closes above 0.7 cents, it could pave the way for a new all-time high (ATH). This breakout level serves as a critical resistance zone, and surpassing it with sufficient volume may trigger a bullish rally. Alternatively, if the formation holds and price action respects the support levels, the pattern might play out as expected, potentially leading to a significant price surge. However, traders should remain cautious and monitor the breakout level closely. Without a strong daily close above 0.7 cents, the pattern may face invalidation. #Lista $LISTA #MarketBuyOrHold? #BinanceHODLerTHE

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Bitcoin Price Is Replicating 2023 Movements Trader Tardigrade has alerted the community that Bitcoin is replicating 2023 fluctuations. The expert explained how this affects the main crypto. Bitcoin Price Matching 2023 X post by Trader Tardigrade says Bitcoin price follows 2023 movements. He added that the flagship crypto has completed its pullback. After the retreat, the crypto expert predicted a rebound over 100,000 and consolidation around that level. Interestingly, Trader Tardigrade forecasted a $200,000 Bitcoin price in early 2025. The analyst's graphic predicted a March 2025 price surge to this objective. This parabolic climb to $200,000 is projected to match BTC's run from early December to its last all-time high (ATH) of $73,000 in March. Trader Tardigrade isn't the only one who expects Bitcoin to reach this level this market cycle. Although ‘conservative’, Bernstein analysts earlier anticipated that BTC will reach $200,000 by year-end 2025. Bernstein analysts and Standard Chartered Head of Research Geoffrey Kendrick projected Bitcoin will reach this price objective on the same schedule. Crypto analyst Tony Severino doubts Bitcoin will reach $200,000 this bull cycle. He predicts the flagship coin will peak at $160,000, a more cautious projection. The expert said this was a more achievable goal as the golden ratio is in this area. Bitcoin Is “Far Away” From Peaking In an X post, crypto expert Ali Martinez said BTC is “far away” from a market peak. He mentioned the market value to realized value (MVRV) measure, which tells whether an asset is overpriced or undervalued. Bitcoin has yet to achieve its full worth, according to the graphic. After booming constantly since Donald Trump's election, Bitcoin is correcting. Martinez advised buying this dip now. According to him, the Bitcoin hourly chart shows a buy signal from the TD Sequential and a positive divergence from the RSI. He said this might boost Bitcoin to $95,000–$96,000. #MarketBuyOrHold? #BTCWatchZone #BinanceHODLerTHE $BTC

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A Price Prediction for Shiba Inu After failing to break the weekly resistance level this week, Shiba Inu trades at $0.000024 on Wednesday. The on-chain data reveals SHIB investors are recording profit from recent gains, increasing selling pressure. A daily candlestick above $0.000028 would disprove bearishness. SHIB is trading at $0.000024 on Wednesday after rejecting the weekly resistance level earlier this week. On-chain data suggests a further memecoin price drop as SHIB investors realize profits from recent advances and sell out. SHIB weakens. On Sunday, Shiba Inu price hit weekly resistance at $0.000028 and fell 6% till Tuesday. This weekly level is a strong resistance zone since it represents the 50% price retracement from the March high of $0.000045 to the August low of $0.000010. Wednesday's SHIB price is $0.000024. SHIB may fall to its next weekly support at $0.000019 if it closes below $0.000022. On the daily chart, the Relative Strength Index (RSI) decreased from 70 on November 13 to 57, indicating momentum weakness. Daily RSI closures below 50 indicate a rapid drop in Shiba Inu price. SHIB's metric surged over 32 times from 1.61 million to 51.33 million from Sunday to Tuesday, then on November 11, the memecoin fell 16% in three days following a similar rise. If history repeats, prices may fall in the next days. Bearishness is supported by IntoTheBlock's In/Out of the Money Around Price (IOMAP). Nearly 40,830 addresses held 53.41 trillion SHIB tokens at $0.000025. These addresses acquired memecoin about $0.000025, and if the price increases to this level, investors might sell at breakeven, making this level a critical resistance zone. Technical analysis suggests that the $0.000028 level will be a crucial reversal milestone since it matches IOMAP results. If the SHIB daily candlestick finishes above the $0.000028 weekly resistance level, the bearish thesis will be refuted, causing a price rise to retest its end-March weekly high of $0.000032. #SHIB #MarketBuyOrHold? #BinanceHODLerTHE $SHIB

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