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😱🚀🚀Why is XRP rising? The long silence was broken #XRP , which remained silent for a long time and dropped to 0.38 days last week, draws attention with its rise. Cryptocurrency, which has gained 17 percent in value in the last 24 years, is also experiencing the biggest weekly rise of the last year. There is an increase of over 50 percent in transaction volume. Why is $XRP rising? In the last few days, there have been some developments that can be considered both technical and fundamental reasons for the rise in XRP. As chart analyst Matt Hughes noted, XRP is currently experiencing one of the Bollinger Band relaxations among all cryptocurrencies on the market. Technically, such loosenings mean that a major price move may be imminent. XRP has one of the tightest monthly Bollinger Band squeezes in its history and currently of all cryptocurrencies. Last time it was squeezed like this it was up 60,000% — Big Mattsby (@matthughes13) July 11, 2024 The price movement in XRP coincided with an important anniversary and was meaningful in this respect. Today marked Ripple's first year-long legal victory against the US Securities and Exchange Commission (SEC). On July 13, 2023, the court ruled that sales of XRP on exchanges, as well as sales made by its executives and offers made by developers, charities and employees, also contained material value. After a year has passed since the XRP decision, it is now thought that an agreement between the conflicts or the full outcome of the court is very close. A claim based entirely on this issue was also effective in the rise of XRP. It has been claimed that there is a high potential to discuss the Ripple agreement at the closed meeting to be held at the SEC building in Washington next Thursday. Posts about this are floating around social feeds. The SEC reduced the $2 billion investment penalty from Ripple to 102 million due to the growing moon. Ripple offers to pay $10 million to the SEC. #ripple #binance
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👾😱There May Also Be a Big Explosion in the Prices of These Artificial Intelligence Altcoins, Time is Running Out 🤖🚀 Injective (#INJ ) Poised for Growth Despite Recent Dips Injective ($INJ ) has seen some turbulence recently, with its price ranging from $15.67 to $22.83. Despite this, signs point to potential growth. The current weakness in the price appears to be temporary, showing more potential for bulls than bears. With the nearest resistance at $27.03, breaking this level could see INJ soar towards $34.19, translating to an impressive rise of over 50%. The RSI of 29.39 suggests it’s oversold, and the low stochastic value of 15.83 indicates a strong buying opportunity. Altcoin Season Awaits: Internet Computer (#ICP ) Primed for a Comeback Internet Computer ($ICP ) is currently priced between $5.72 and $8.23, testing a key resistance at $9.54. Despite a tough spell, with a 28.99% drop last month and a 44.66% decline over six months, the 6.88% weekly uptick signals potential. Bulls may be quietly gathering strength. The moving averages around $7.21-$7.29, combined with an RSI of 37.65, suggest the coin is undervalued. If ICP breaks past $9.54, it could surge towards $12.05, a possible 40-70% climb. Render (#RNDR ) Eyes Major Breakout Despite Recent Dip Render ($RNDR ) is currently moving in a price range of around $5.39 to $7.65. Although it has seen a slight drop recently, bulls appear ready for a rally. The nearest resistance is at $8.93, followed by $11.20, which could signal a strong upward potential if breached. The support sits at $4.41, ensuring a safety net. With a 6-month price increase of nearly 50%, RNDR shows promise. If it breaks the resistance levels, the price could soar by over 50%. As crypto patterns repeat from 2021, an altcoin season may lift RNDR to new heights, providing a golden opportunity for optimistic investors. #altcoins #ArtificialInteligence
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😱🚀🚀XRP is ready: It can rise against Bitcoin! Having fallen to four-year lows, #XRP appears to be at the beginning of a potential comeback in the Bitcoin trading pair. According to Cointelegraph's analysis, a major rise may be seen on the $XRP side in the near future. The popular cryptocurrency managed to make its name among the winners of the day with the peak it reached in the last 24 years. The analysis suggested that XRP could experience a 30 percent increase in Bitcoin parity through a triple bottom formation. If this rise occurs, XRP will experience the biggest rise of recent times. Will XRP achieve the expected rise? XRP performed very poorly compared to Bitcoin in 2024. Unlike Bitcoin, which experienced a bull run with spot Bitcoin ETFs, there was no noticeable rise on the XRP side. It is thought that the security value between #Ripple and the SEC puts pressure on XRP. Still, there was no reaction to XRP, which missed the bull market. We have been subject to declines of cryptocurrencies due to the spread of various negative news, such as XRP, Mt Gox and the German government missing the rise. XRP experienced a low resolution decline every four years during this period. Cointelegraph suggested that the expected return may have arrived. It was stated in the news that a classic bullish formation (triple bottom formation) emerged. A triple bottom formation occurs when three different bottoms form in the price and they all reach a similar price. This indicates a powerful symbol. The price moves above the potential resistance level after the third bottom. The previous day, XRP was testing support around 793 satoshi (1 satoshi = 0.00000001 BTC) for a potential breakout into the BTC pair. The pair also found strength around 36 on the weekly strength chart (RSI). Continuing to hold above 793 sats could realize the triple bottom target for XRP/BTC. If the opposite happens and there is a withdrawal, there is a possibility that XRP will experience a 15 percent decrease in BTC parity. #altcoins #binance
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😱🚀🚀These 2 Altcoins have the potential for a big breakout in July 2024 Top Altcoins To Watch: #XRP ($XRP )With a market cap of 28.21 billion, the XRP coin price has crossed the $0.50 psychological mark. It is up by 17% in the past 7 days and reflects a massive jump of 10.62% in the past 24 hours. The bullish streak continues as the altcoin reverses from the 0.41 mark. The XRP price registers a growth of 22.70% in the past 6 days following the 6.58% drop on the 7th of July. Currently, the intraday growth is 7.92%, trading at $0.51, creating 6th consecutive bullish candle. Further, the altcoin price action completes a rounding bottom reversal and signals the end of the correction phase. With a bullish crossover in the MACD indicator, the XRP price action reveals a falling wedge breakout pattern. The breakout rally is heading toward the 38.20% Fibonacci retracement level. As the bullish reversal gains momentum, the altcoin is set to achieve the $1.00 psychological mark in this quarter. Stellar (#XLM ) Ranking at #30, the $XLM price reclaims the $0.10 psychological mark as the recovery rally gains momentum. With a $2.86B market cap, the Stellar token price is up by 13.21% in the last seven days. Following the 7.36% drop on 7th July, the altcoin price has increased by 20% in the last six days, with a morning star reversal rally. Further, the bullish cycle breaks above the overhead resistance trendline in the daily chart. With an intraday gain of jump of 9.53%, the XLM price challenges the 23.60% Fibonacci level and forms the sixth consecutive bullish candle. As it reclaims the $0.10 psychological mark, Fibonacci levels tease a potential jump to $0.15 if the uptrend momentum sustains. #altcoins #binance
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😱🚀🚀Bulls are eager: 4 Altcoins that left their mark on the day 1- XRP ($XRP ) (#XRP ), one of the famous actors of the crypto industry, became the most rising altcoin of the day. The blockchain initiative, known for its lawsuits with the SEC, has increased by 11.39 percent in the last 24 years. According to CoinMarketCap systems, XRP recorded a trading volume of over $2 billion in the last 24 hours. XRP has a market structure of 28.417 billion. 2- Stellar (#XLM ) Stellar ($XLM ), a blockchain initiative founded on the principles of fast transfer, low cost and transparency, has remained in the background in recent years. XLM, known as the rival of XRP, became the highest rising altcoin of the day with an increase of 10.50 percent in the last 24 years. According to CoinMarketCap, XLM's transaction volume in the last 24 years is at the level of 112,533 million dollars. XLM has a market cap of $2.916 billion. 3- (#MKR ) Popular DeFi project Maker ($MKR ), the issuer of the DAI stablecoin, was among the altcoins that marked the day. The popular project has hosted a rise of 9.85 in the last 24 years. According to CoinMarketCap, MKR has processed over $135 million in trading volume over the last 24 years. MKR has market information of $2.447 billion. 4- (#IMX ) Immutable (IMX), which enables transactions and printing of NFTs via blockchain, attracted attention with its 9 percent increase in the last 24 hours. IMX became the fifth most rising altcoin of the day. According to CoinMarketCap, IMX had a trading volume of close to 40 million in the last 24 hours. IMX has market structures worth $2.07 billion.
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