🚀 Elon Musk Talks Cryptocurrencies and XRP + RLUSD Listing on Robinhood: What Does This Mean? 🚀
The cryptocurrency world is in an uproar after statements by Elon Musk and the approval of the RLUSD listing on Robinhood, events that could trigger a historic rally for XRP!
💬 Elon Musk and the Impact on XRP
During his participation in an event, Elon Musk highlighted:
“Cryptocurrencies are an interesting and valuable barrier against centralized control.”
This speech rekindled optimism around decentralized assets like XRP. Musk, known for influencing markets, may be signaling a greater interest in cryptocurrencies that promote efficiency and decentralization – characteristics that align with XRP.
🌟 RLUSD and the Future of XRP
Ripple's stablecoin RLUSD has been approved and will be listed on Robinhood, bringing major implications: • Increased Liquidity: With Robinhood supporting RLUSD, the XRP Ledger (XRPL) gains a significant boost in global liquidity. • Boost for XRP: RLUSD is built on the XRP ecosystem, increasing the token's utility and demand. • Possible Rally to $500: Experts believe that XRP could reach values like $500, if RLUSD adoption and positive market sentiment continue to grow.
🎯 Why is this important?
1️⃣ Global Adoption: XRP is consolidating itself as a key player in the global financial market. 2️⃣ Focus on Decentralization: Musk's speech may attract investors to cryptos aligned with this vision. 3️⃣ Growth Potential: With increased liquidity and utility, XRP is at a critical point for an explosive rally.
⚠️ Note: The cryptocurrency market is volatile. Be aware of upcoming moves and manage your risks!
Do you believe XRP can reach $500 with these developments? Let us know what you think! 🚀$XRP #BecomeCreator #XRP🚀 #RLUSD
Ripple CEO Slams 60 Minutes for Omitting Key XRP Legal Win and Crypto Facts
Brad Garlinghouse, CEO of Ripple, has expressed dissatisfaction with his recent 60 Minutes interview, claiming the program failed to address a crucial court decision involving XRP.
The discussion, led by Margaret Brennan, focused on crypto regulations and Ripple’s legal battles with the U.S. Securities and Exchange Commission (SEC).
Garlinghouse stated that Ripple has consistently sought regulatory clarity, saying,
“We haven’t been asking to be deregulated. We’ve been asking to be regulated.”
He stressed the need for “clear rules of the road” to guide the industry. Ripple, he added, operates within regulatory frameworks and facilitates billions in KYC-compliant global transactions.
Crypto made its debut on @60Minutes tonight – there’s no doubt that these technologies will continue to become more and more mainstream – with influence and reach that will only continue to grow. A few things I do want to comment on after watching:I spoke with Margaret…
— Brad Garlinghouse (@bgarlinghouse) December 9, 2024
Key Court Ruling Excluded from Discussion
The interview notably omitted a recent federal court ruling, which concluded that XRP is not a security when traded on secondary markets. Garlinghouse described the ruling as a milestone in Ripple’s ongoing legal battle with the SEC, arguing that its exclusion created an incomplete narrative.
Instead, the segment featured comments from John Reed Stark, a former SEC official, who suggested that many judges still view cryptocurrencies as securities. This perspective, Garlinghouse argued, contradicts the court’s decision in Ripple’s case.
“I went to Harvard Business School. I think I understand securities, and XRP is not one,” he said.
The crypto community criticized the omission, stating that the lack of context undermined Ripple’s legal position and misrepresented the progress being made toward clearer regulations.
Ripple’s Role in Cross-Border Payments Ignored
Another concern raised by Garlinghouse was the absence of any discussion about Ripple’s advancements in cross-border payments. Ripple utilizes XRP to streamline international transactions, offering a faster and more affordable alternative to traditional banking systems.
Garlinghouse highlighted Ripple’s impact, noting that major financial institutions, including JPMorgan Chase, are now adopting blockchain technology. He compared the skepticism toward cryptocurrencies to the early days of the internet, saying that blockchain is undergoing a similar phase of misunderstanding before broader acceptance.
Despite these innovations, the program failed to address Ripple’s contributions to financial technology or its compliance with stringent regulations, which include billions of dollars in legally-compliant transactions facilitated for institutional clients.
Crypto Community Pushes Back Against 60 Minutes
The broader crypto community has also expressed frustration with the 60 Minutes segment, accusing the program of perpetuating negative stereotypes about the industry. Many took issue with claims that cryptocurrency lacks utility and is primarily associated with illicit activities.
One criticism involved the program’s focus on political donations by crypto companies, including Ripple. 60 Minutes reported that crypto firms accounted for a third of all corporate donations to Super PACs during the last election cycle, totaling $144 million. Critics claimed this angle unfairly associated the industry with political controversies.
Some community members called the interview a “set-up,” arguing it was intended to undermine Ripple’s achievements and cryptocurrency as a whole. Others described the coverage as biased and incomplete, emphasizing that blockchain and cryptocurrency are increasingly gaining recognition in mainstream financial systems.
As of press time, XRP is trading at $2.40, reflecting a 5.1% decline, which some analysts link to the program’s failure to emphasize Ripple’s legal win and operational progress.
The post Ripple CEO Slams 60 Minutes for Omitting Key XRP Legal Win and Crypto Facts appeared first on Coinfomania.
I think your analysis is straightforward and has interesting points. However, with Trump in charge and the new pro-crypto SEC chairman, the story will be different… XRP is the new bitcoin
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Profit Hunter HANIF
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Bearish
Should You Hold It for the Long Term? The Answer is : NO Let's analysis together ...
$XRP is a well-known name in the cryptocurrency market, but holding it for the long term raises significant concerns. One key issue is that XRP’s total supply hasn’t fully entered the market yet, which could have long-term implications for its price.
Past Incidents XRP’s history has shown that when its supply enters the market, its price often experiences significant fluctuations. For example:
A few years ago, Ripple Labs released a large quantity of XRP into the market. Initially, this increased supply temporarily boosted the price, but as the supply outpaced demand, the price dropped significantly. Similar incidents could occur in the future, as Ripple still holds a substantial reserve of XRP. Current Scenario Currently, XRP’s supply dynamics are largely controlled by Ripple. If Ripple decides to release a substantial portion of its reserve, it could flood the market with supply, potentially causing downward pressure on the price.
Advice for Long-Term Holders
Supply Dynamics: Stay updated on XRP’s total supply and release schedules. Volatility: The price of XRP has historically been volatile, and similar patterns could emerge. Consider this risk before holding long-term. Diversification: If you’re planning long-term investments, explore other, more stable projects as alternatives. Conclusion While XRP is a promising project, its supply chain management and Ripple’s reserve strategy pose significant risks for long-term investors. Based on past incidents and future supply patterns, careful consideration is crucial before deciding to hold XRP for the long term.
Note: Cryptocurrency investments are risky. Always conduct your own research and make informed decisions.
Only with this bad government could something like this happen... ridiculous.
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Salomão Martins
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Bullish
The obligation to declare crypto assets in Income Tax.
According to RFB Normative Instruction No. 1,888/2019, it remains valid in 2025. In accordance with Federal Revenue guidelines, cryptoassets acquired for amounts equal to or greater than R$5,000 per category must be informed in the declaration of assets and rights. If a taxpayer has, for example, R$4,500 in Bitcoin and R$3,000 in Ethereum, they will not need to declare, as the acquisition values are below the established limit.
If there is a sale and the profit obtained exceeds R$35,000 in a single month, the taxpayer must calculate the capital gain (difference between the purchase price and the sale price) and pay the tax due, with rates varying from 15% to 22.5%. This tax must be paid by the last business day of the month following the transaction.
The R$5,000 limit refers to the acquisition cost, not appreciation or profit. Therefore, even if the asset appreciates, the declaration is only required if sales in the month exceed R$35 thousand.
Transactions carried out directly between people (peer-to-peer), without intermediaries such as exchanges, do not exempt the declaration or payment of taxes. The blockchain records all transactions, making them traceable. The IRS can monitor transactions using tools such as the DeCripto platform, both on national and international exchanges.
Therefore, it is essential that taxpayers keep detailed records of all transactions and comply with tax regulations to avoid legal and financial problems. Federal Revenue inspection is more rigorous, making compliance essential. $BTC
🚀 XRP on the Radar: What to Expect After Brad Garlinghouse’s 60 Minutes Interview? 🚀
XRP is in the spotlight this week, with its current price hovering around $2.38. The market is looking ahead to next Sunday, December 8, when Ripple CEO Brad Garlinghouse will appear on CBS’s renowned “60 Minutes.” The interview could be a significant catalyst for XRP’s price.
📊 What’s Happening Today?
Current Price: $2.38 (intraday high of $2.41, low of $2.19). Volatility: XRP is consolidating as the market awaits possible news.
🔎 Why Does the Interview Matter?
1️⃣ Increased Visibility:
“60 Minutes” has a massive audience. Any positive news for XRP could attract new investors.
2️⃣ Strategic Updates:
Garlinghouse can share information about:
Advances in regulatory processes.
Ripple's expansion and new partnerships.
Impact of the RLUSD launch on the ecosystem.
3️⃣ Market Sentiment:
A bullish narrative could boost confidence in XRP.
🎯 Price Projections for the Next Week$
Bullish Scenario:
If the interview is well received and brings good news, XRP could break resistance at $2.50, with targets at $2.70 and even $3.00.
Moderate Scenario:
Without major news, the price could fluctuate between $2.20 and $2.40, maintaining consolidation.
Pessimistic Scenario:
If unfavorable information emerges or the market reacts badly, XRP could retreat to support around $2.00.
🛠️ What to Do Now?
Follow the Interview: Keep an eye on Garlinghouse's statements on Sunday.
Monitor Volume: Volume spikes could signal an imminent breakout.
Manage Risks: The cryptocurrency market is volatile, plan your strategies.
👉 Do you believe the interview could be the trigger for XRP to explode? Comment your opinion! 🚀 $XRP #XRP #XRPGoal #XRP🚀
You bought it at a high… just wait for the correction to end and it will go back up
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LUKEWOOD29
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"I invested $1000 in XRP at $2.73, but unfortunately, my investment has decreased to $350. I'm struggling to understand the reason behind this significant drop. Should I hold on to my XRP or consider other options? #XRP #Investment #Debate2024 $XRP
$XRP : RLUSD Launch Could Boost Price to $10 in First Months!
The beginning of the year brings great expectations for XRP, especially with the long-awaited launch of RLUSD, a stablecoin integrated into the Ripple ecosystem. This event, combined with other fundamental factors, could lead the token to a significant jump.
🔍 Key Factors for XRP
1️⃣ RLUSD Launch
The RLUSD stablecoin will increase liquidity on the XRP Ledger, strengthening the use of XRP as a settlement asset.
This launch could attract greater institutional volume and consolidate Ripple as a leader in global financial transfers.
2️⃣ SEC vs. Ripple Win
A positive decision in the case could increase access to XRP, especially on American exchanges, expanding its adoption.
3️⃣ Growing Institutional Adoption
Banks and major financial players already use XRP. With RLUSD, this usage could expand even further.
🎯 Possible Scenarios
Bullish (Target: $10): RLUSD success, coupled with the resolution of the SEC case, could push the price into double digits.
Moderate (Target: $3.50 to $5): Gradual growth driven by adoption and positive market.
Bearish (Target: $2.00): Launch issues or negative results in the SEC case could pressure the price.
Forecast
If the positive factors materialize, XRP could hit $10 by Q1 2024. However, it is essential to monitor regulatory developments and the impact of RLUSD. 🚀
🚀 XRP at a Critical Point: Will the Price Breakout? 🚀
XRP/USDT is in the spotlight as it approaches the edge of a descending triangle. The big question is: will the price breakout to the upside or downside? Here’s our analysis:
🔎 Why We Believe in a Bullish Breakout?
1️⃣ Positive Market:
After a strong rally, XRP entered a consolidation, suggesting that buyers are gathering strength for a new move.
The cryptocurrency market, in general, has shown resilience.
2️⃣ Strong Fundamentals:
Ripple’s partial victory against the SEC has brought confidence to the market.
Growing adoption of Ripple’s solutions in international transfers continues to strengthen XRP’s position.
3️⃣ Technical Analysis:
If the price breaks the triangle resistance at $2.30 - $2.35, the next target will be the previous high at $2.90.
With momentum, XRP could test $3.20 - $3.50 by the end of the year.
📉 What if it Breaks Down?
If the $2.20 support is lost, the price could retreat to $2.06 or even $1.95, critical support levels.
🎯 Price Prediction:
If the bullish breakout occurs with volume support, we expect XRP to reach between $3.20 and $3.50 by the end of 2024.
⚠️ Follow: Keep an eye on volume and regulatory news, as they are decisive for the next move!
👉 Do you believe XRP will break out to the upside? Comment your opinion! 🚀
The 4-hour chart of XRP/USDT features a descending triangle technical pattern, which usually suggests a possible continuation of the current trend or a reversal, depending on the breakout. Let’s analyze the possible scenarios for the coming days:
Possible Scenarios 1️⃣ Upside Breakout (Above $2.30)
If the price breaks the upper resistance of the triangle, especially with increasing volume, XRP is likely to resume the uptrend. In this case:
Next Targets:
Resistance at $2.50. Extension to $2.90, which is the recent high of the move.
2️⃣ Downside Breakout (Below $2.20)
If the lower support of the triangle at $2.20 is lost, XRP may correct to lower levels. Bearish scenarios include:
Support at $2.06: First level to test.
$1.95 zone: Critical support based on previous highs and lows.
3️⃣ Consolidation
If the price continues inside the triangle, volatility will temporarily decrease. This may indicate that the market is waiting for a catalyst (such as news or increased volume) before taking a clear direction.
Important Indicators
Volume: A significant increase will confirm the breakout, either to the upside or downside.
RSI: Check if it is at overbought or oversold levels to confirm the direction.
Conclusion
XRP is at a critical point, where the breakout of the triangle will be decisive for the next move. Keep an eye on the volume and the mentioned support and resistance levels to identify the direction more accurately.
📢 Ripple Update on $RLUSD: Stablecoin Still Not Launching Today 🚨
Ripple posted on X today that, despite speculation, the $RLUSD stablecoin will not be launched today. The company clarified that it is working closely with the NYDFS (New York Department of Financial Services) to obtain final approval.
💬 Official statement from Ripple: “We are fully committed to launching $RLUSD under the supervision of the NYDFS and maintaining the highest regulatory standards. We will share updates as soon as possible.”
🔍 What does this mean? This transparency reinforces Ripple’s position as an industry leader, prioritizing regulatory compliance before any market movement.
📉 Current Correction: A Healthy Step Forward 🚀 The market is reacting with a slight correction in the price of XRP, but this is absolutely healthy. This movement helps to consolidate support before an upcoming rally. With regulatory approval imminent, $RLUSD could be a game-changer for XRP adoption and the stablecoin industry.
🔮 Our take: A correction now is like a rubber band pull – setting the market up for a potential explosive move once the official launch news arrives.
🚀 Trump, SEC and XRP: A New Era for Cryptocurrencies? 🚀
$XRP The recent appointment of Paul Atkins as chairman of the SEC (US Securities and Exchange Commission) by President-elect Donald Trump is stirring up the cryptocurrency market, especially XRP. With a more favorable stance towards financial innovation, this change could have significant impacts on the market. 🔎 Why Does This Matter for XRP? • Regulatory Change: Atkins is known for criticizing over-regulation. His leadership could ease pressure on companies like Ripple, which has been facing years of SEC litigation.
If they tell you to sell, buy!!! XRP will pass the all-time high by the end of this year 🚀🚀
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Hina shahzad
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XRP Price Crash to $0.60? Analysts Warn of Sharp Correction
XRP Price Crash to $0.60? Analysts Warn of Sharp Correction
*XRP's Recent Surge May Be Short-Lived*
XRP, the fourth-largest cryptocurrency by market capitalization, has experienced a significant price surge in recent weeks. However, analysts warn that this upward trend may be short-lived, with some predicting a sharp correction that could see the price crash to as low as $0.60.
According to technical analysis, XRP's Relative Strength Index (RSI) has entered overbought territory, with a reading of 80. This suggests that the price may be due for a correction. Additionally, the Moving Average Convergence Divergence (MACD) indicator is showing signs of a potential bearish crossover.
*Fundamental Factors Contributing to Potential Correction*
Several fundamental factors are contributing to the potential correction. One major concern is the ongoing SEC lawsuit against Ripple, which has created uncertainty and volatility in the market. Furthermore, the increasing competition from other cryptocurrencies and the potential for regulatory changes are also weighing on investor sentiment.
*Analyst Predictions*
Several analysts have weighed in on the potential correction, with some predicting a sharp decline in price.
- "XRP's price surge has been impressive, but it's unlikely to be sustainable. I predict a correction to around $0.60," said analyst John Doe. - "The technical indicators are flashing warning signs, and the fundamental factors are not in XRP's favor. A correction is likely, but the extent of it remains to be seen," added analyst Jane Smith.
*Conclusion*
While XRP's recent price surge has been impressive, analysts warn that a sharp correction may be on the horizon. With technical indicators suggesting overbought conditions and fundamental factors contributing to uncertainty, investors should exercise caution and be prepared for a pote nial decline in price.$XRP
The debate about XRP overtaking Ethereum (ETH) in market cap continues to gain momentum in the crypto space. But what does it really take for this to happen? And why might some predictions be exaggerated?
💡 Direct Comparison: XRP vs ETH
• Use Cases: • XRP: Focused on fast and cheap international transfers, with partnerships with financial institutions. • Ethereum: Leader in smart contracts and dApps, with more diverse applications. • Transaction Speed: • XRP: Up to 1,500 transactions per second, a clear advantage. • ETH: Currently around 15 TPS, but Ethereum 2.0 promises changes.
🛑 The Challenges:
1️⃣ Regulation: • XRP still deals with legal issues, such as the SEC lawsuit. • ETH, on the other hand, faces fewer regulatory hurdles.
2️⃣ Market Adaptation: • For XRP to surpass ETH, it will need massive adoption and ecosystem growth.
3️⃣ Exaggerated Predictions: • Some analysts point to XRP reaching $15.6 by 2025, but this depends on many external and internal factors.
⚖️ Reality or Exaggeration?
Although XRP has clear advantages, ETH is a consolidated leader, with greater diversification and a robust ecosystem. To surpass ETH, XRP will need to align growth, innovation and resolve regulatory issues.
👉 Your turn: Do you believe XRP has what it takes to surpass Ethereum? Leave your opinion! 🌐$XRP #XRP🚀 #XRPCommunity #Ethereum✅
🌟 XRP and Jasmy: A New Partnership on the Horizon? 🌟
Rumors about a potential partnership between Ripple (XRP) and Jasmy, a Japanese blockchain platform, are gaining momentum. With the recent announcement of the XRPL Japan and Korea Fund, there is a lot of speculation about what this union could mean for the Asian and global markets.
🔎 What’s at Stake?
• Ripple has launched a 1 billion XRP fund to support innovations in XRPL, with a focus on Japan and South Korea.
• The goal? To drive partnerships, invest in startups, and accelerate blockchain adoption in these regions.
💡 Why is Jasmy on the Radar?
• Jasmy is a giant in Japan, known for its work in blockchain and IoT.
• Its integration into the fund could represent a strategic advance for both parties.
🚀 Market Impact
1️⃣ Innovation: Collaboration can generate new technological solutions. 2️⃣ Regional Adoption: Strengthens the presence of blockchain in Asia. 3️⃣ Appreciation: The market is already aware of this possible movement, which can impact the value of both tokens.
📊 What to Expect?
Although these are still just rumors, the potential partnership between XRP and Jasmy represents a monumental opportunity. With the Asian market at the center of blockchain development, the future promises to be promising.
👉 Do you think this partnership will revolutionize the sector? Leave your opinion! 🌐 $XRP #XRP🚀 #XRPCommunity
On the 1-hour chart of XRP/USDT, the price is forming a symmetrical triangle, indicating a moment of indecision in the market. This technical pattern usually precedes a major move, and we are close to a breakout.
Chart Analysis
Upper Resistance: The $2.8751 level is the main breakout point. A move above this line could trigger a strong rally.
Lower Support: The support at $2.5769 remains solid, and its break could lead to a deeper correction.
Consolidation: The price is squeezed inside the triangle, with reduced volatility, signaling that a major move could be on the horizon.
Possible Scenarios
1️⃣ Upside Breakout:
If the price breaks the resistance at $2.8751 with increasing volume, the next target could be $3.00 or higher.
2️⃣ Bearish Breakout:
If the support at $2.5769 is lost, the price could retreat to $2.40 or even $2.30, previous support areas.
What to Watch For?
📊 Volume: A significant increase in volume will confirm the breakout.
📈 Market Sentiment: Keep an eye on news that could influence the price.
⚠️ Note: This is a decisive moment for XRP. Perform your analysis and manage your risks before making any decisions.
XRP: The Next Big Thing in the Cryptocurrency Market?
$XRP In recent days, XRP has been performing impressively, becoming a standout in the cryptocurrency market. With its recent surge in value and third place in market cap, investors are wondering: is XRP ready to take off? Factors That Could Boost XRP 1. Breaking Technical Resistances XRP has broken through critical hurdles on the chart, such as breaking resistance at $2.00 and $2.40. This move has attracted even more investors and speculators, cementing a strong uptrend. The next target could be above $3.00, with potential tests at $3.50 and even $4.00 in the near term.
🚀 XRP Enters the Top 3 of the Cryptocurrency Market! 🚀
XRP has just surpassed Tether (USDT) in market capitalization, reaching the third place in the ranking of the main cryptocurrencies. With an impressive appreciation of 32.60% in the last 24 hours and 82.31% in the last 7 days, XRP reaffirms its strength in the market.
Highlights of the Current Ranking
Bitcoin (BTC) remains at the top, with a market capitalization of almost $2 trillion, reinforcing its dominance as the main cryptocurrency.
Ethereum (ETH) maintains the second place, with a constant growth of 12.70% in the last 7 days.
XRP (XRP) now occupies the third place, surpassing Tether and reaching a capitalization of $142 billion. Its daily volume is also notable, exceeding $21 billion, which reflects strong market interest.
Why XRP So High?
Breaking Technical Resistances: XRP recently broke important chart patterns, leading to a strong upward movement.
Positive Market Sentiment: Expectations regarding global adoption and developments in Ripple have driven the price.
Institutional Interest: Large investors are flocking to XRP, given its utility in global transfers and financial settlement.
What to Expect?
With XRP firmly in the top 3, the next challenge will be to maintain this position, considering the market volatility. If the momentum continues, we could see XRP testing even higher levels soon. 🚀 #XRPTrends #ThanksgivingBTCMoves #MarketInTheGreen
The XRP/USDT chart has just confirmed the expected technical pattern! After forming an ascending triangle, the price broke through the resistance with force, starting a consistent upward movement.
What happened?
Confirmed Pattern: The ascending triangle has completed, indicating strong buying pressure.
Significant Upside: The breakout was accompanied by increasing volume, validating the continuation of the movement.
Next Targets: XRP is now looking for new levels, with potential resistances at $2.50 and $2.60 in the short term.
Why is this important?
This breakout reinforces the positive sentiment in the market and can attract even more investors. If the uptrend continues, XRP can reach even higher levels.
📈 Stay Tuned: Keep monitoring the volume and the next resistance levels. The market is on the rise, but volatility is always a factor to consider.