The price has formed a bullish flag on the 4-H time frame, and if it breaks out, it can drive the price up to around $2.9. I don't know why this coin reminds me of BNB!!! $XRP
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You forgot how many years XRP has been around.. you forgot the XRP that was ridiculed.
Dictator47
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Bullish
My Take on $XRP 🪙👇
1️⃣ Price Went Up Too Fast 🚀 $XRP jumped from $0.50 to $2.40 in no time! Even after dips, it bounced back quickly, staying around $2. But think about it: someone who bought at $1.50 versus $2.20 will react very differently if prices drop. Right now, it seems like supply isn’t being absorbed properly, which could weaken fundamentals.
2️⃣ Whales Are Playing Games 🐋 Big players don’t have enough XRP yet, so they’re buying and selling repeatedly to trick individual investors. If they wanted, they could dump a massive amount and crash the price. My guess? They’ll drop it to around $1.20 to scare people away, then buy up cheap coins for bigger gains later.
3️⃣ No Real Reason for $5 or $10 Yet 🤷♂️ Price spikes need strong market support. Right now, there’s no big news or recognition to justify $XRP soaring to $5. When that happens (maybe next year with announcements), $3 or $5 might make sense. Until then, whales will keep manipulating the market.
💡 Lesson: The rich don’t play fair—they play smart. Don’t get caught in their game! Be patient and strategic. 💰
Wall Street was trading in a subdued manner on Monday ahead of the release of the much-anticipated US monthly consumer inflation figures. Chinese inflation data showed a slowdown in consumer spending, while the European Central Bank holds its latest policy-setting meeting this week.
1. Will US CPI confirm a December rate cut? The US Federal Reserve is widely expected to cut interest rates next week, as November’s nonfarm payrolls report showed weakness in the labor market, even as job growth rebounded from October’s figures that were depressed by strikes and hurricanes.
Financial markets currently see a more than 80% chance of a 25 basis point rate cut at the US central bank’s policy meeting on December 17-18.
5 CRYPTO AGENDAS THAT MUST BE HIGHLIGHTED THIS WEEK.
1. BTC – Microsoft Considers Buying Bitcoin
On December 10, Microsoft shareholders will vote to decide whether the tech company will buy Bitcoin and add it to its asset reserves. If approved, it could be a milestone in the adoption of Bitcoin by large companies.
2. FRX – Token Update and New Roadmap
Frax Finance (FRX), the platform behind the FXS token, is planning to announce a major update to its token and a new roadmap in the coming days. These changes are expected to bring a new direction to the project and attract the attention of its community.
Also Read: Here's a Simple Strategy to Survive and Win in Altseason
3. POL – Agglayer v0.2 Testnet Launch
Polygon (POL) will launch its Agglayer v0.2 testnet on December 9. This technology will allow multiple blockchain networks to connect and operate together, strengthening Polygon's position as one of the leading blockchain solutions.
4. MAGIC – Big Announcement from Gaming Ecosystem
Treasure Dao (MAGIC), a blockchain-based gaming ecosystem, will make a big announcement on December 11. As one of the major players in the blockchain gaming sector, this news has the potential to affect the value of MAGIC and the appeal of related projects.
5. APT – US$$ 165 Million Token Unlock
On December 11, around US$$ 165 million in APT tokens will be unlocked, mostly to early investors and core contributors. This unlock could affect the market price of APT, depending on how token holders decide to manage it.
Additionally, one of The DeFi Investor’s followers named Tristan Nettles also added that Sonic Labs will be launching its mainnet app to the public this week.