XRP’s Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024

Ascending Channel and Fibonacci Levels 📈

Amonyx focuses on XRP’s long-term trends within an ascending channel established since 2014.
The channel has upper and lower trendlines, providing critical boundaries.
Key Fibonacci retracement levels (0.618, 0.786, 1.618, and 2.618) act as potential support and resistance zones.

Bullish Surge Toward 2.618 Fibonacci Level 🚀

The analysis projects a bullish move toward the 2.618 Fibonacci level by 2024.
This suggests significant potential gains for XRP investors.

XRP/BTC Chart and Resistance Trendline 📉

XRP faces a persistent descending trendline against Bitcoin since 2014.
The price nears another test of this resistance boundary.
Observations on momentum indicators (like RSI) hint at potential price movements.

Projected Path for XRP/BTC 🌐

The XRP/BTC chart aligns with the bullish sentiment from the XRP/USD analysis.
The 1.618 Fibonacci level is the target for XRP’s growth against Bitcoin.

Market Position and OI Increase 💹

Despite recent declines, XRP currently trades at $0.49.
A 1% recovery after a 10% decline could signal the start of a bullish trend.
Increased Open Interest (OI) reflects growing trader interest, especially related to regulatory news.

Remember that cryptocurrency markets can be volatile, and various factors (regulatory changes, market sentiment, and adoption) influence price movements. Always stay informed and consider multiple perspectives when making investment decisions. 🌟📊

#Xrp🔥🔥 #XRPPredictions #XRPUSDT🚨 $XRP

Hey there! 🌟

Ripple Launches New Stablecoin RLUSD

Exciting news from Ripple! 🚀 Ripple has confirmed the launch of its new stablecoin, RLUSD, on both the XRP Ledger and the Ethereum main chain. This move, announced by Ripple CTO David Schwartz, aims to meet the growing demand for stablecoins and leverage Ripple's expertise in cross-border payments.

RLUSD: Ripple’s Strategic Move

Launching RLUSD on two major platforms – the XRP Ledger and Ethereum – is a smart move to tap into the increasing demand for stablecoins. David Schwartz’s announcement clears up any confusion about the launch platforms, giving investors and stakeholders clear information. 💡

Reece Merrick, Ripple's Managing Director for the Middle East and Africa, highlighted the significance of RLUSD in the stablecoin market. He predicts the industry will grow from its current $150 billion valuation to a whopping $2.8-$3 trillion by 2028. 📈 With this launch, Ripple is well-positioned to capitalize on this anticipated market boom.

XRP Current Market Position: A Brief Overview
Here's a quick look at XRP's current market status:

- **Price:** $0.49139
- **24-hour trading volume:** $5.052 million
- **Price changes:**
- -3.0% in 30 days
- +2.4% in 7 days
- -1.8% in 24 hours

At the start of 2024, XRP was priced around $0.6295. It hit a low of $0.50233 on February 4th and peaked at $0.72301 on March 11th. 📉 After that peak, the price fell and moved sideways for a few weeks. On April 12th and 13th, the price dropped sharply to $0.47939. It climbed back to over $0.5566 on April 22nd but has since weakened, reaching a low of $0.4743 on June 14th. Today’s price of $0.49139 is slightly better than this recent low but still below its previous highs. 📊

#XRPPredictions #XRPPredictions #Xrp🔥🔥 #XRPUSDT🚨

Daily CRYPTO NEWS recap📈🔥- 20.06.2024

•Impact of BTC Halving: Block Size Hits Yearly Low

Lately, the Bitcoin network has experienced a notable decline in its average block size and transaction rates. This could be one of the reasons for the price drop to $64,000. The decrease in block size, which measures the amount of transaction data included in each block, reflects the level of interest in BTC and its network. In June, the network's transaction per second (TPS) rate also declined, indicating reduced activity and potentially lower miner profitability due to decreased post-halving BTC block rewards. Now, whole community wait for some $BTC ups!

•Will $XRP finally move up as open interest increases?

Investors are increasingly betting on an XRP price breakout. Could Ripple be poised for more upside momentum? Many analysts are speculating about an upcoming uptrend based on periodicity data. XRP has been in a downtrend since the beginning of the year, and many traders compare its losses to an accumulation phase. According to a key technical chart formation, XRP could be on track for a price breakout by the end of June. However, this outcome is not certain. Only time will tell...

•BNB Chain with new hard fork - opBNB rollup

BNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing. With BEP-336, layer-2 costs will be slashed by 90%, reducing the average opBNB transaction fee to approximately $0.0001. This update ensures all transactions are verified within the attached blob - a temporary memory segment that captures large data chunks. This significant reduction in transaction costs could make opBNB rollup commonly used in the Web 3 world, potentially leading to an uptrend in $BNB 's price.

Stay tuned for more updates from MarMag! New posts coming soon :))

#NewsAboutCrypto #opbnb #XRPPredictions #BNBHODLer

Germany’s Stock Exchange Projects Ripple XRP To Reach $10
Over the weekend, Ripple and its currency XRP made quite some noise. Speculations around the Securities and Exchange Commission’s [SEC] settlement with Ripple pushed the altcoin’s price close to a high of $0.50. But at press time, the asset was trading at $0.4895 with no major surges or dips. Unlike its ongoing bearish trend, the asset could record an upward trajectory. Changelly revealed that the coming week is bullish for the asset. XRP is expected to rise to a high of $0.660114 later this week. This is a 34% increase from its current levels. In addition, the altcoin will record a double-digit surge throughout the next few days. In line with this, the Frankfurt Stock Exchange in Germany announced a significant rise for XRP. The report by CEO of Tokentus Investment AG, Oliver Michel suggested that the asset might surge by more than 2,000% later this year. Michel noticed that XRP differs from Ethereum [ETH] and Solana [SOL]. Unlike these cryptocurrencies, XRP has shown little change over the last year. But, from 2014 to early 2017, the altcoin formed a wedge pattern, resulting in a 4,300% spike.
The analysts highlighted that the altcoin was trading sideways. This was a couple of days before recording its rally. Right after this, the asset hit an all-time high of $3.84. At the time of writing, the altcoin was trading 87% lower than its high. Michel noted that XRP increased by 39,700% from its previous lows. The analyst does not expect this level of surge. However, he predicts that XRP could rise between $8 to $10 this year itself.
#XRPGoal #XRPPredictions #Xrp🔥🔥 #BinanceTournament #ETHETFsApproved

XRP Price Forecast: Why Is XRP Pumping While Bitcoin Struggles? 🚀

🧧 $XRP $XRP

XRP price forecast: XRP has experienced a notable price fluctuation over the past 24 hours. The token is hovering below the $0.5 support level, indicating volatility in the market. According to CoinMarketCap, XRP price is trading at $0.4977, with a slight increase of 0.1%.

The market capitalization of XRP has also surged, currently standing at approximately $27.65 billion, ranking it seventh in terms of market cap. The 24-hour trading volume has shown a positive trend, surging by 36% at $1.17 billion, suggesting active trading despite the market volatility.

Bitcoin on the other hand moves sideways above support at $65,000 after a gruesome week characterised by key events like the CPI report and the FOMC meeting. Losing this support could trigger more losses while defending will strengthen for a breakout to $70,000.

XRP Price Forecast: Is a Bullish Momentum on the Horizon?

XRP price has decreased by 5% over the past month, fluctuating between $0.54 and $0.46. This tight trading range underscores the current struggle for market dominance.

XRP has shown a modest 0.15% dip in the past week, reflecting a gradual volatility trend with a slight market correction. This week, XRP has traded within a narrow range, highlighting the ongoing tug-of-war between bulls and bears.

XRP has seen notable fluctuations, indicating potential volatility in the market. XRP could surpass the $0.5 resistance level if the bullish momentum continues. Sustained upward movement may drive the price towards $0.7, possibly reaching $1 during the next bullish run.

On the other hand, if bearish sentiment prevails, XRP’s value could stabilize around $0.49. A further decline might see the price drop to $0.45, highlighting the cryptocurrency market’s unpredictable nature.

The daily technical indicators for XRP show mixed signals. The Moving Average Convergence Divergence (MACD) shows a bearish signal, with the MACD line slightly below the signal line.
#XRPPredictions #ANALYSIS $XRP

XRP to $1.375 : Amid Ripple-SEC Settlement Speculation

#Xrp🔥🔥 #XRPPredictions #BullRunAhead #BTC☀ $XRP


SEC's recent filing opposing Ripple's proposal of a $10 million settlement for alleged securities law violations.

Ripple initially referenced the $420 million penalty against Terraform Labs (TFL) to argue for a reduced levy compared to the SEC’s demand for a $2 billion penalty. However, in a letter to District Judge Analisa Torres, the SEC argued that Ripple’s case differs significantly from TFL’s. The regulator noted that TFL is bankrupt and has agreed to significant investor reimbursements, conditions not applicable to Ripple.

The SEC also corrected Ripple’s interpretation of TFL’s penalty, stating the actual ratio was 11.7% of TFL’s $3.5 billion gross profit, not 1.27% as Ripple claimed. The SEC seeks $876.3 million in disgorgement from Ripple, and applying the 11.7% ratio suggests a civil penalty of about $102.6 million. This led to speculation within the XRP community that the SEC might settle for $100 million, though this is uncertain.
XRP Army Targeting $1.375 XRP

Believing the SEC is now requesting $100 million from Ripple, some XRP community members anticipate an imminent settlement. The founder of Humanitarian Trust Compliance Services speculated that a final settlement could be between $50 million and $62.5 million, predicting XRP would trade at $1.375 following the settlement. Currently, XRP is valued at $0.492.

Despite these speculations, Ripple’s Chief Legal Officer Stuart Alderoty's interpretation of the SEC dropping its $2 billion request is contested. Community members like Moon Lambo argue that the SEC’s language does not support a reduced settlement figure. SEC lawyer Marc Fagel confirmed this, emphasizing that claims of a reduced settlement are unfounded and a misinterpretation of the SEC’s position.

In summary, while the XRP community is hopeful for a settlement leading to a price surge, the actual outcome remains uncertain as legal interpretations and speculations continue to unfold.

xrp blasting red line with increasing volume and the rsi line also broken need to hold.. macd also going green ...xrp is a sleeping gaint 😈#Xrp🔥🔥 #XRPPredictions #XRP/USDT $XRP $BTC $ETH

xrp needs to capture this level to go higher most of the alt coins are just slow ..,🤣#xrp #Xrp🔥🔥 #XRPPredictions #XRP/USDT #Xrp🔥🔥 $XRP $BTC

$XRP

No relief for Ripple from #SEC

I don't care, I know once the rally starts, #Xrp🔥🔥 will outperform everything!

#XRPPredictions #BTC #bitcoin

$BTC $ETH

GOLD UPDATE!

BRICS Plans Gold-Backed Currency Launch by September: Potential Boost for Bitcoin and XRP Saudi Arabia will sell oil in local currencies, moving away from the US dollar after 50 years. The decision could drive Bitcoin and XRP prices to new.

#GOLD_UPDATE #XRPPredictions #BinanceTournament #bitcoin #altcoins

XRP's price has retracted below $0.4840, testing key support levels with a high risk of further losses. Ripple’s ongoing case with the SEC is critical, with experts anticipating a conclusion soon. Despite recent market pressure, XRP's collaboration with Archax aims to bring significant tokenized real-world assets onto the $XRP Ledger, positioning it as a leader in RWA tokenization.
#XRPPredictions

XRP💰

Long
STOP - 0.4781$

TP:
$0.4973
$0.5059
$0.5160
$0.5263

RR 1/6.5. Before stop 1.32%.

We approached the slope, let's consolidate. I think there will be a breakdown and an upward climb. The stop is short, you can trade. The main thing is that the grandfather behaves normally, the rest is a matter of technique.

#xrp #xrpsucess #XRPGoal #XRPPredictions #Xrp🔥🔥

XRP UPDATE 💰

GO FOR A LONG TRADE
STOP - $0.4781

TP:
$0.4973
$0.5059
$0.5160
$0.5263

RR 1/6.5. To the stop, 1.32%.

We've approached the incline and are consolidating. I think there will be a breakout and a move upwards. The stop is short, so it can be traded. The main thing is for Bitcoin to behave normally; the rest is a matter of technique.

SORRY GUYS I'M A BIT LATE, XRP IS ALREADY GOING UP...

#BinanceTournament #XRPPredictions #EmperorMajesty #ETHETFsApproved #BTCFOMCWatch $XRP

$XRP

After breakdown from long run, we may expect it to go back to $0.3

#xrp #XRPPredictions #predictons #breakdown

What do you think?

#BTCFOMCWatch #CPIAlert #XRPPredictions

Hi Guys,

It's Big & Big #Whalestrap in $XRP Price Movement !!!

Whales Influence XRP Price Movement

One of the largest cryptocurrencies by global market value, XRP, has recently entered a downward trend, falling to a price level of $0.48 amid consolidation.

XRP’s price trajectory decreased further today, with XRP whales moving to sell approximately 64 million XRP in the last 24 hours.

What’s Happening with XRP?

Notably, on-chain statistics show that two separate whale transactions collectively facilitated the transfer of 64.54 million XRP.

While a famous whale continues to add assets, another renowned whale is offloading their holdings. According to data revealed by the blockchain data analysis platform Whale Alert, 32.89 million XRP worth $15.75 million were accumulated at Binance’s rarG6FaeYh address.

Conversely, the 5XgwHh4Rzn address transferred 31.65 million XRP worth $15.14 million to Bitstamp. One of these transactions is progressing as a bullish factor, while the other is developing in the opposite direction.

It is worth noting that the ..Rzn address is a well-known XRP whale that continuously transfers funds to the Bitstamp and Bitso exchanges.

Meanwhile, the rarG6… whale started accumulating XRP amid the cryptocurrency’s recent decline near the $0.5 price level.

These transactions have sparked mixed feelings among investors regarding XRP’s future price trajectory, creating a stark contrast.

Simultaneously, XRP has shown a turbulent price movement predominantly in the negative zone in recent days, reflecting the tumultuous price action emerging with these transactions.

#TopCoinsJune2024 #Write2Earrn #EarnFreeCrypto2024 #XRPPredictions

Every single time once $XRP hits this low valuation against #Bitcoin  

It has historically always bounced at least 1,500%.
#altcoins #BTC #XRPGoal #XRPPredictions