The price objective of XRP, which is $0.90 and corresponds with a Fibonacci resistance, looks to be creating a flag pattern, as noted by cryptocurrency trader Be'lakor on Twitter.
Be'lakor issued a warning, though, stating that in order to verify this bullish pattern, XRP must first retake the $0.67 level. Considering the institutional interest in holding the fifth cryptocurrency by market capitalization, this level doesn't appear too difficult to regain.
Is XRP preparing for a huge increase?
However, analyst EGRAG CRYPTO pointed out a crucial support level around $0.50, which held up in spite of recent bad news about Changpeng Zhao's potential arrest and Binance's hefty $4.3 billion punishment for breaking American money laundering regulations. EGRAG says that a massive price spike could be approaching, confirming Be'lakor's forecast.
Head of Social Adoption at XRP Healthcare Edward Farina makes another of the more outrageous forecasts, one that is nearly unfeasible in light of the laws as they stand. If Ripple's payment network, RippleNet, takes the place of the SWIFT system for cross-border bank transactions, he claimed, XRP might soar to $10,000.
He argues that hundreds of billions of dollars are handled internationally by SWIFT. Because of this, even a little portion of that activity may switch to utilizing XRP on RippleNet, which might theoretically propel XRP to the moon due to supply and demand. Will this continue, or is this just another hoax from a cryptocurrency enthusiast?
@Btcnews99 #XRPWatch #XRPInvestment #XRPLHooks. #btcnews99 #RippleUpdate

XRP price is struggling below $0.640 against the US Dollar, unlike Bitcoin. The price could decline further if it settles below the $0.612 support in the near term.XRP price started a fresh decline below the $0.650 zone against the US dollar.The price is now trading below $0.640 and the 55 simple moving average (4 hours).There was a break below a key bullish trend line with support at $0.660 on the 4-hour chart of the XRP/USD pair (data source from Bittrex).The pair could extend losses if it breaks the $0.612 support zone.XRP price is struggling below $0.640 against the US Dollar, unlike Bitcoin. The price could decline further if it settles below the $0.612 support in the near term.XRP Price AnalysisIn the past few hours, Ripple’s XRP price started a fresh decline from well above $0.670 against the US Dollar. The XRP/USD pair gained bearish momentum below the $0.655 level.The bears were able to push the price below the $0.650 support. There was a break below a key bullish trend line with support at $0.660 on the 4-hour chart of the XRP/USD pair. The pair broke the 61.8% Fib retracement level of the upward move from the $0.5850 swing low to the $0.7006 high.The price is now trading below $0.640 and the 55 simple moving average (4 hours). Initial support on the downside is near $0.612. It is close to the 76.4% Fib retracement level of the upward move from the $0.5850 swing low to the $0.7006 high.The next major support is near the $0.600 level. Any more losses could lead the price toward the $0.585 level, below which the price might even test $0.550.On the upside, the price is facing resistance near $0.6375 or the 55 simple moving average (4 hours). The next major resistance is near the $0.642 level. A clear move above $0.642 might start a fresh increase. In the stated case, the price could even surpass the $0.650 resistance. Any more gains might send the price toward the $0.685 resistance.Looking at the chart, XRP price is now trading below the $0.640 zone and the 55 simple moving average (4 hours). Overall, the price could extend losses if it breaks the $0.612 support zone.Technical indicators4 hours MACD – The MACD for XRP/USD is now gaining momentum in the bearish zone.4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is below the 50 level.Key Support Levels – $0.612, $0.600, and $0.585.Key Resistance Levels – $0.6375 and $0.650. #XRPBreakout #XRPInvestment

Flare Labs has disclosed that FAssets could bring a new purpose for XRP by helping holders earn yield or bridge their tokens to other EVM networks through LayerCake.
Read more on: https://thecryptobasic.com/2023/12/12/fassets-to-allow-xrp-holders-earn-dapp-yield-or-bridge-xrp-through-layercake/
#XRPUpdate #XRPInvestment #XRPWatch #cryptocurreny #CryptoNews🔒📰🚫

One of the top-performing assets of the year is facing a very positive development that could have implications for 2024. Indeed, Ripple Whales have purchased 360 million XRP tokens as the price could head for a retest at the $0.80 level. However, the mass acquisition could signal an impending volatility spike.Digital asset analyst Ali Martinez identified the Ripple whale activity. Specifically, he noted they had purchased around $223 million worth of XRP over the past week. Subsequently, following a 5% rally on Christmas day, a retest at the %0.80 level could be in play for the asset.Ripple Whales buy $220 Million Worth of XRP as Key Retest is in PlayOver the past year, Ripple (XRP) has been one of the most discussed digital assets on the market. The cryptocurrency has been faced with a years-long court battle with the US Securities and Exchange Commission (SEC). Yet, with a conclusion in sight, the asset has seen a massive turnaround over the past few months.Now, Ripple whales have answered that fact by accumulating 360 million XRP with the price set to retest at the $0.80 level soon. Indeed, the massive whale acquisition was worth an astronomical $223 million and was a key part of the token’s Christmas rally.XRP is currently trading at $0.61, and down only 3.7% over the last 24 hours, according to CoinMarketCap. However, over the last year, the asset is up more than 80% in value. Specifically, this is likely connected to the impending end of the previously mentioned SEC court case.On Christmas Day, Ripple noted a 30-day peak of $0.65 and experienced an increase of 5% during the holiday. Although it did pull back to its currency area, the creation of new wallets over the holiday brought optimism. Subsequently, that has led many to believe that a retest could be forthcoming.#XRPUpdate #XRPInvestment

XRP registered its largest single-day advance in over two weeks on Friday, climbing nearly 3% after steep losses triggered by reports that Ripple co-founder Chris Larsen’s wallet was compromised.However, despite the relief rally, influential market analyst XRP_SHARK predicts additional drawdowns lie ahead before the coin can stage its next bull run towards $1.40.At press time, XRP changed hands around $0.5048 following the bounce from 24-hour lows below $0.49. Although Ripple stated its corporate accounts remain secure, the incident exacerbated selling pressure as XRP hit multi-month lows.XRP could surge higherNow, as the shockwave dissipates, analysts like XRP_SHARK remain constructive on XRP’s long-term trajectory. However, the researcher cautions that prices may still need to wash out before XRP can prepare for its next rally.Specifically, XRP_SHARK eyes $0.45 and $0.47 as potential support zones where XRP could stabilize and reverse higher. From there, he targets subsequent resistance ranging from $0.53 to $0.57 before an extended correction drags prices as low as $0.35 to $0.40.In XRP_SHARK’s view, a capitulatory selloff towards $0.35 would signal the maximal fear necessary to carve out durable support for XRP’s next bull phase, targeting $1.40. Of course, many variables influence whether such an ambitious upside forecast materializes. Ripple continues to advance XRP’s utility through big-name partnerships, while legal clarity could emerge should the SEC case conclude with no securities law violations.Hence, while bears maintain the upper hand currently, analysts believe both price action and fundamentals point to higher highs over more extended timeframes once the bottom falls out. However, if XRP_SHARK’s analysis proves correct, the road ahead remains bumpy in the near term.#Write2Earn #XRPInvestment

Investing in Ripple (XRP) three years ago might not have yielded the astronomical gains seen in some other cryptocurrencies. Let’s explore the journey of a hypothetical $1,000 investment in Ripple, considering the tumultuous legal battles and market fluctuations.Ripple’s Modest Growth: A 3-Year SnapshotImagine allocating $1,000 to Ripple (XRP) three years ago, a period that predates the Securities and Exchange Commission’s (SEC) legal intervention. In the intervening years, Bitcoin and Ethereum surged with notable gains. However, Ripple’s growth appears more conservative, registering an 18% gain and adding $180 to the initial investment.That means if you had invested $1,000, your investment would stand at $1,180. This modest growth reflects the challenges Ripple faced due to the SEC lawsuit.Why Ripple Lags Behind?Ripple’s struggle with the SEC lawsuit significantly impacted its market performance. The legal battle led to Ripple being suspended on U.S. cryptocurrency trading platforms for over two years. While it made a partial return to platforms like Coinbase, concerns persist, hindering Ripple’s complete recovery. Ripple’s relative normalcy is a tentative step forward, with investors aware that legal clarity is still pending.The final verdict in the SEC lawsuit holds immense influence over Ripple’s investment value. Short-term fluctuations continue to be driven by SEC-related news, and the long-term impact will shape regulatory principles. The ruling distinguishes Ripple from traditional securities, yet uncertainty remains, pending potential appeals in higher courts.Legal proceedings in the Southern District of New York have been ongoing for three years, with hearings scheduled for 2024. The unpredictable nature of legal battles in pioneering domains, such as cryptocurrencies, makes it challenging to predict the exact timeline. Similar cases have spanned over a decade, exemplifying the potential for lengthy legal drama.Future Outlook and Investment PerspectiveWhile the U.S. market holds significance, Ripple’s international aspirations make global acceptance vital. The community anticipates a favorable verdict, but Ripple Labs is likely to engage with U.S.-based platforms, continuing its global operations. Ripple’s real-world international payment applications and collaborations suggest a path forward, irrespective of legal intricacies.Despite the recent subdued performance, Ripple’s future outlook remains promising for patient, long-term investors. The focus on international payments, progress in partnerships, and a global vision position Ripple as a solid choice. However, for short-term traders seeking volatility, alternative options may be more suitable.#XRPInvestment #dyor