🚀 XRP hit $1 or $2 straight away 🤑 +22% today, the market | TopCryptoNews on Binance Square

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Bullish

🚀 XRP hit $1 or $2 straight away 🤑
+22% today, the market is definitely betting on Gensler's departure and the subsequent dismissal of the SEC case against Ripple👌

#XRP #Ripple 

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🚀 Analyst Predicts 45% Dogecoin Rally With Bull Flag Pattern Signal Dogecoin (DOGE) has remained bullish, with the current price pushing the price to a high level of $0.41600. However, the recent bullish run has positioned DOGE above the overbought level, above 70, thus suggesting a pullback. 🔸 Strong Uptrend and Overbought Conditions For Dogecoin Dogecoin has been bullish, and since the beginning of November, the Dogecoin price has risen at a fast pace. This rally has taken DOGE beyond the upper Bollinger Band. It shows strong buying pressure while at the same time, the asset may be overbought. The Relative Strength Index (RSI) has climbed even higher to 91.44 and this level is way above the overbought level which means that DOGE could be in for a slight market correction. The upper Bollinger Band is often used as an overbought signal. This means that if the price is traded above it, it may experience some resistance. However, a consolidation period is usually observed to let the asset maintain its position before regaining the upward shift. A pullback to the middle Bollinger Band, near $0.20385, would give DOGE a chance to consolidate before it can move upwards again. Immediate resistance is around the recent high of $0.41600. Here bearish selling pressure might emerge if DOGE’s price fails to surge higher. The first support levels to focus on are $0.35737. It is close to the current price, and the middle Bollinger Band at $0.20385 if a deeper pullback occurs. 🔸 Analyst Highlights Bull Flag Pattern and $0.35 Support Level At a short-term scale, analyst Ali points out that Dogecoin is forming a bull flag pattern so there is a possibility of a higher price. On shorter time frames, #Dogecoin $DOGE shows a bull flag. If the $0.35 support level holds, this pattern suggests a potential 45% increase, targeting $0.56.— Ali (@ali_charts) November 13, 2024 The formation process of the bull flag pattern involves forming an upward surge. Then there is a sideways correction within a falling pattern before the final surge. #DOGE

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⭐️ Chainlink introduces the 'Chainlink Runtime Environment' framework Oracle provider Chainlink has revealed the "Chainlink Runtime Environment" — a standard framework for connecting traditional financial architecture, payment systems, and legacy institutions with blockchain protocols and smart contracts within a single, unified ecosystem. According to Chainlink, the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL) standard — a programming language created in 1959 that allowed for the advent of electronic banking and automated teller machines (ATMs). The Chainlink Runtime Environment will also supersede the Java Runtime Environment (JRE) architecture, first developed in the 1990s, which made online banking possible and has grown to dominate online banking applications. In a November 16 announcement, the oracle provider explained that the ultimate goal behind the unified architecture was to abstract away the complexities of dealing with thousands of unique financial systems to provide a streamlined and efficient user experience. Chainlink's proposed unified architecture comes amid several developments designed to bring traditional financial institutions and businesses onchain. At the SWIFT International Banking Operations Seminar (SIBOS) in October 2024, Chainlink revealed an integration with the SWIFT interbank messaging protocol that would allow traditional financial institutions to interact with blockchain systems using SWIFT messages. The oracle provider also introduced several privacy-enhancing features for institutions and businesses, including the Blockchain Privacy Manager and the Chainlink Cross-Chain Interoperability Protocol (CCIP) Private Transactions option. Privacy is a crucial and often overlooked component of enterprise-grade blockchain solutions — which prevent businesses from transacting using highly transparent public networks for fear of revealing sensitive information or trade secrets. #Chainlink #LINK

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🐸 PEPE Price Gains 117%, Sets All-Time High at $0.000025 Since the beginning of November, the frog-themed meme coin Pepe has experienced solid bullish momentum, with its price revisiting old highs, ultimately setting a new all-time high of $0.00002524. Following this surge, the token has recorded a monthly gain of 117%, fueled by a massive $5 billion trading volume and optimistic sentiment surrounding the Bitcoin cryptocurrency. According to TradingView’s data, PEPE’s price action caught traders’ attention, as the recent surge marks a recovery from its prolonged consolidation within a descending channel earlier this year. The chart shows that the descending channel had limited the cryptocurrency’s price action for months. However, the breakout, catalyzed by an 89% weekly gain, has pushed PEPE’s value past its resistance, triggering a fresh wave of market optimism. This scenario aligns with the altcoin’s historic rallies, where the meme coin surged over 705% after breaking out of a similar descending channel to a peak of $0.00001083 in the first quarter of this year. With its price now entering uncharted territory, market analysts predict possible upward trajectories for PEPE as it continues to ride the momentum of its recent breakout. The question remains: How high can PEPE cryptocurrency go? 🔸 PEPE Price Prediction: Analyst Forecast $50B Market Cap Target One such example is market expert Max, who believes that PEPE has the potential to become the “Why didn’t I buy it” meme coin of this cycle. According to Max, the token could reach $50 billion in market capitalization, cementing its place as a key player in the cryptocurrency market. 💬 "In my opinion $PEPE has the highest probability of being this cycles "Why didn't I buy it" bag.One day this painting will be finished. #PEPE will have gone on to flip the elusive 50B MC level & the world will be in order. I told you then & I am telling you again now… there… — Max (@MaxBecauseBTC)

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🔥 Biggest Altcoin Gainers of the Second Week of November 2024 For some market observers, that may not be surprising as meme coins seem to have led gains on a number of occasions this cycle. That said, the top two altcoin gainers, frog-themed Pepe (PEPE), and Solana-based Bonk (BONK). 🔸 Pepe (#PEPE ) PEPE’s price skyrocketed by 118% this week, reaching a new all-time high. This performance secures its spot among the top altcoin gainers of the week. First, US-based brokerage firm Robinhood announced that it had listed it. Around the same period, Coinbase also confirmed doing the same on its spot market. As a result, PEPE’s price moved from $0.000013 to $0.000023 within a few days. On the daily chart, PEPE has faced resistance at $0.000023, suggesting that bears are working toward pulling the price back. However, bulls also appear to be defending support at $0.000021. Should bulls win the battle, then the meme coin could rally to a new all-time high of around $0.000026. On the other hand, a rise in selling pressure could render this thesis null and void, and PEPE could drop to $0.000016. 🔸 Bonk (#BONK ) Bonk surged over 100% this week, securing its position among the top altcoin gainers amid a broader rally in meme coin prices. The listing sparked a surge in demand for the Solana-based meme coin, fueling its impressive performance. Like Pepe, BONK’s price also surged to a new all-time high. Currently trading at $0.000043, the daily chart shows that the token is well above the 20 and 50 Exponential Moving Averages (EMAs). The EMA measures trend direction over a period of time. When the price is below it, the trend is bearish. However, since BONK is above both, it indicates that the trend is bullish. Should this remain the same, the altcoin’s price could rally toward $0.000049. On the flip side, a pushback by sellers might invalidate this bias, and this could draw the price back to $0.000037.

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📈 XRP Price Hits $1 Historic Milestone On Nov. 26, the XRP price reached $1—a major milestone for the cryptocurrency. In addition, the market cap has surged 26.76% to $57.98 billion, while the trading volume has reached $13.13 billion. Open interest in XRP derivatives has surged by 10.44%, reaching $1.56 billion, indicating increased speculative interest and possibly institutional involvement. Crypto analyst Ali Martinez has spotted the recent XRP whale activity. According to him, over 320 million XRP were bought in the last 72 hours. This rise follows a breakout from a symmetrical triangle pattern, often signaling significant price movements. Analysts note that XRP’s current trajectory resembles its performance in 2017, when its all-time high (ATH) reached $3.3. If the bullish trend continues, experts are predicting XRP could reach $1.96 by the end of the month and $4.80 by late 2024. The price surge might have been partially triggered by its listing on Robinhood. CryptoQuant’s exchange reserves metric suggests a growing belief in the coin’s long-term prospects. Ripple Labs has also made progress in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), with a recent favorable court ruling and the approval of a joint motion for final judgment, adding further optimism to the market. Beyond the legal developments, speculation about a dirham-backed stablecoin being developed by Ripple has also contributed to XRP’s price rise. This follows the launch of Ripple's RLUSD stablecoin, which is fully backed by the U.S. dollar. In parallel, Bitwise announced plans to convert its Bitwise 10 Crypto Index Fund (BITW) into an ETF, which would include exposure to XRP. 💬 XRP, BTC, ETH, SOL — that's the alphabet soup I like to see 👀— Brad Garlinghouse (@bgarlinghouse) November 15, 2024 Ripple CEO Brad Garlinghouse commented on the news via X, further fueling market enthusiasm. #XRP #Ripple

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