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Crypto Community Accuses Ripple XRP of False Decentralization Claims
The crypto community accuses Ripple of falsely claiming XRP is decentralized.Justin Bons claims to have found evidence that Ripple has de facto control over the XRP network.The XRP community has mixed reactions to Bons’ claims.
Some crypto community members are accusing Ripple, the company behind XRP, of falsely proclaiming that its native token XRP is decentralized and permissionless. Justin Bons, founder of Cyber Capital, claims to have found a “smoking gun” that proves Ripple has de facto control over the entire network.
Bons pointed out that XRP’s consensus algorithm, Unique Node Lists (UNLs), is based on a list of trusted nodes that centralized parties, including the Ripple Foundation release. Nodes not on these lists are untrusted and do not participate in consensus.
However, the researcher noted that while UNLs can be modified by users, a user can get kicked off if there is insufficient overlap with the rest of the network. He concluded that “XRP is not trustless,” adding that choosing who to trust is not the same as trustlessness.
2/25) XRPs consensus is based on UNLs (Unique Node Lists)Literal lists of trusted nodes released by centralized parties, including the foundation…Nodes not on this list are untrusted & do not participate in consensusHowever, users can modify the UNL, choosing who to trust— Justin Bons (@Justin_Bons) May 6, 2023
Bons’ claims have been met with mixed reactions from the XRP community. Matt Hamilton, a former core developer at Ripple, commented:
We have been over this many times already. Each node is responsible for its own UNL. They choose the contents of that UNL and if they want to use a UNL published by a 3rd party. There is no central authority.
Furthermore, Bons argues that XRP’s lack of block rewards and incentives makes it difficult for new validators to coordinate, which “gives the Ripple Foundation even more control over the network.”
On the other hand, David Schwartz, Ripple’s chief technology officer, clarified that validators do not have control over transaction inclusion. “They solve the double spend problem, so they can choose which of two equally-valid but conflicting transactions is included.”
The post Crypto Community Accuses Ripple XRP of False Decentralization Claims appeared first on Coin Edition.
Some crypto community members are accusing Ripple, the company behind XRP, of falsely proclaiming that its native token XRP is decentralized and permissionless. Justin Bons, founder of Cyber Capital, claims to have found a “smoking gun” that proves Ripple has de facto control over the entire network.
Bons pointed out that XRP’s consensus algorithm, Unique Node Lists (UNLs), is based on a list of trusted nodes that centralized parties, including the Ripple Foundation release. Nodes not on these lists are untrusted and do not participate in consensus.
However, the researcher noted that while UNLs can be modified by users, a user can get kicked off if there is insufficient overlap with the rest of the network. He concluded that “XRP is not trustless,” adding that choosing who to trust is not the same as trustlessness.
2/25) XRPs consensus is based on UNLs (Unique Node Lists)Literal lists of trusted nodes released by centralized parties, including the foundation…Nodes not on this list are untrusted & do not participate in consensusHowever, users can modify the UNL, choosing who to trust— Justin Bons (@Justin_Bons) May 6, 2023
Bons’ claims have been met with mixed reactions from the XRP community. Matt Hamilton, a former core developer at Ripple, commented:
We have been over this many times already. Each node is responsible for its own UNL. They choose the contents of that UNL and if they want to use a UNL published by a 3rd party. There is no central authority.
Furthermore, Bons argues that XRP’s lack of block rewards and incentives makes it difficult for new validators to coordinate, which “gives the Ripple Foundation even more control over the network.”
On the other hand, David Schwartz, Ripple’s chief technology officer, clarified that validators do not have control over transaction inclusion. “They solve the double spend problem, so they can choose which of two equally-valid but conflicting transactions is included.”
The post Crypto Community Accuses Ripple XRP of False Decentralization Claims appeared first on Coin Edition.
"Ripple CEO and XRP Community Urge Deaton to Unseat Senator Warren"
The XRP community and Ripple CEO have called on Attorney Deaton to accept the challenge to unseat anti-crypto senator Elizabeth Warren.
Read more on: https://thecryptobasic.com/2024/01/05/ripple-ceo-and-xrp-community-urge-deaton-to-unseat-senator-elizabeth-warren/
#RippleUpdate #XRPBreakout #XRPWatch #cryptocrurrency #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/01/05/ripple-ceo-and-xrp-community-urge-deaton-to-unseat-senator-elizabeth-warren/
#RippleUpdate #XRPBreakout #XRPWatch #cryptocrurrency #CryptoNews🔒📰🚫
"Phenomenal 102% Jump in XRP Wallets, Now Over 5 Million Strong!"
The tally of crypto market participants holding more than 0 XRP has experienced notable growth of 102% over three years, surpassing the five million mark.
Read more on: https://thecryptobasic.com/2024/01/27/wallets-holding-more-than-0-xrp-skyrockets-102-to-over-5-million-details/
#XRPMovement #xrparmy #XRPWatch #Crypto #CryptonewswithJack
Read more on: https://thecryptobasic.com/2024/01/27/wallets-holding-more-than-0-xrp-skyrockets-102-to-over-5-million-details/
#XRPMovement #xrparmy #XRPWatch #Crypto #CryptonewswithJack
Asset of the Month XRP
The beginning of the fall?
Global: The stock is now in a downtrend as it has bounced off the resistance zone (0.75) and is rapidly flying towards support (0.47).
Expect to see the following:
If we pay attention to how the asset previously reacted to the support zone with a rebound, we will see the same scenario with a subsequent uptrend.
📊📊📊
Locally: XRP goes strictly under the local trend line, which especially confirms the global trend.
Goals: 0.47
At 0.47 we will take a long position in the medium term with a target of 0.75
#XRPWatch #XRPInvestment #XRPWaves
The beginning of the fall?
Global: The stock is now in a downtrend as it has bounced off the resistance zone (0.75) and is rapidly flying towards support (0.47).
Expect to see the following:
If we pay attention to how the asset previously reacted to the support zone with a rebound, we will see the same scenario with a subsequent uptrend.
📊📊📊
Locally: XRP goes strictly under the local trend line, which especially confirms the global trend.
Goals: 0.47
At 0.47 we will take a long position in the medium term with a target of 0.75
#XRPWatch #XRPInvestment #XRPWaves
Ripple Withdraws One Billion XRP From Its Stash as Community Awaits Ripple Case Settlement.
Ripple fintech company has released immense amount of XRP from its stash, injecting hundreds of millions of XRP onto crypto market.
San Francisco-based fintech behemoth Ripple Labs has conducted a programmed released of one billion XRP from escrow addresses, according to recent tweets published by popular crypto tracker Whale Alert.
The above-mentioned crypto tracking platform spotted three staggering transfers, carrying 500,000,000 XRP, 300,000,000 XRP and 200,000,000 XRP – a billion Ripple-affiliated tokens in total worth $601.4 million in fiat. These withdrawals have been taking place since early 2018 as Ripple set itself the task of supporting the liquidity of XRP on exchanges and on the cryptocurrency market in general. They take place on the first day of a new month.
As a rule, on the day that follows the withdrawals, about 800 million XRP are moved back to escrow by Ripple Labs until the next release that happens every 30 days. These regular XRP releases do not seem to impact the XRP price. The circulating supply of XRP currently constitutes 53,888,571,585 XRP, according to CoinMarketCap. At the time of this writing, the Ripple-affiliated token is changing hands at $0.61381 on the Bitstamp exchange, showing a 2.79% rise since Tuesday and rising 2.26% within the last 24 hours.
The aforementioned source also detected a withdrawal of 27,000,000 XRP from the Binance exchange. This is the equivalent of $16,413,770 USD.
#XRPInvestment #XRPWatch #RippleUpdate #RippleVsSEC #RippleTrends
$XRP
Ripple fintech company has released immense amount of XRP from its stash, injecting hundreds of millions of XRP onto crypto market.
San Francisco-based fintech behemoth Ripple Labs has conducted a programmed released of one billion XRP from escrow addresses, according to recent tweets published by popular crypto tracker Whale Alert.
The above-mentioned crypto tracking platform spotted three staggering transfers, carrying 500,000,000 XRP, 300,000,000 XRP and 200,000,000 XRP – a billion Ripple-affiliated tokens in total worth $601.4 million in fiat. These withdrawals have been taking place since early 2018 as Ripple set itself the task of supporting the liquidity of XRP on exchanges and on the cryptocurrency market in general. They take place on the first day of a new month.
As a rule, on the day that follows the withdrawals, about 800 million XRP are moved back to escrow by Ripple Labs until the next release that happens every 30 days. These regular XRP releases do not seem to impact the XRP price. The circulating supply of XRP currently constitutes 53,888,571,585 XRP, according to CoinMarketCap. At the time of this writing, the Ripple-affiliated token is changing hands at $0.61381 on the Bitstamp exchange, showing a 2.79% rise since Tuesday and rising 2.26% within the last 24 hours.
The aforementioned source also detected a withdrawal of 27,000,000 XRP from the Binance exchange. This is the equivalent of $16,413,770 USD.
#XRPInvestment #XRPWatch #RippleUpdate #RippleVsSEC #RippleTrends
$XRP
Ripple President Makes Big Statement on Crypto: Details🔥🔥🔥🔥🔥🔥🔥
Monica Long, president of Ripple, was recently featured in the New York Times Special Series, where she highlighted the potential of cryptocurrencies to transform finance and the global economy.
She mentioned the "cryptoization" of developing economies, where people have begun to prefer cryptocurrencies to local currencies due to macroeconomic instability and lax inflation controls.
The Ripple president mentioned that in Argentina, Zimbabwe and more recently, Nigeria, people are increasingly flocking to crypto or U.S. dollar-backed "stablecoins" for savings and purchases rather than their volatile home currencies.
Argentina, Zimbabwe and Nigeria are all dealing with the same issue: rising inflation is reducing consumers' purchasing power. Local currencies are rapidly losing value, resulting in increased acceptance of cryptocurrencies.
Long adds that this trend underlies the simple fact that the current financial infrastructure may be too "fractured, slow and expensive to serve growing global commerce."
However, this is poised to change with the rise of cryptocurrency and blockchain technology. Long believes that financial rails may and will become internet-native, offering greater accessibility and affordability to financial services for everyone.
#BONK #RippleTrends #XRPBullRun
#BTC #XRPWatch
Monica Long, president of Ripple, was recently featured in the New York Times Special Series, where she highlighted the potential of cryptocurrencies to transform finance and the global economy.
She mentioned the "cryptoization" of developing economies, where people have begun to prefer cryptocurrencies to local currencies due to macroeconomic instability and lax inflation controls.
The Ripple president mentioned that in Argentina, Zimbabwe and more recently, Nigeria, people are increasingly flocking to crypto or U.S. dollar-backed "stablecoins" for savings and purchases rather than their volatile home currencies.
Argentina, Zimbabwe and Nigeria are all dealing with the same issue: rising inflation is reducing consumers' purchasing power. Local currencies are rapidly losing value, resulting in increased acceptance of cryptocurrencies.
Long adds that this trend underlies the simple fact that the current financial infrastructure may be too "fractured, slow and expensive to serve growing global commerce."
However, this is poised to change with the rise of cryptocurrency and blockchain technology. Long believes that financial rails may and will become internet-native, offering greater accessibility and affordability to financial services for everyone.
#BONK #RippleTrends #XRPBullRun
#BTC #XRPWatch
some updates on #XRPWatch
LIVE
EyeOnChain
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Bearish
⏰ Just around 10 hours ago, the crypto waves saw a significant move! 🚨
A hefty 25,500,000 $XRP (equivalent to 15,722,848 USD) embarked on a journey from an unknown wallet to the vibrant realms of #Bitstamp . 🌊💼
🔍 The transaction hash for this crypto voyage is: 👇
EC9A5C5F8E3BC233575897FB4CB15C4FF7572B393BC2D8F378072FBC4A1956A8.
The question on everyone's mind: Does this signal an impending sell in #XRP ? The intrigue deepens! 📈
#XRPSurge #ripple
[Disclaimer: #cryptocurrency transactions involve risks. Stay informed and make well-researched financial decisions.]
😍 A small LIKE and FOLLOW, Motivates me a lot 😍
A hefty 25,500,000 $XRP (equivalent to 15,722,848 USD) embarked on a journey from an unknown wallet to the vibrant realms of #Bitstamp . 🌊💼
🔍 The transaction hash for this crypto voyage is: 👇
EC9A5C5F8E3BC233575897FB4CB15C4FF7572B393BC2D8F378072FBC4A1956A8.
The question on everyone's mind: Does this signal an impending sell in #XRP ? The intrigue deepens! 📈
#XRPSurge #ripple
[Disclaimer: #cryptocurrency transactions involve risks. Stay informed and make well-researched financial decisions.]
😍 A small LIKE and FOLLOW, Motivates me a lot 😍
XRP Price Analysis
Is it possible to see further rise of XRP?
Bulls could not hold the initiative until the end of the week, according to CoinStats.
The rate of XRP has risen by 1.25% over the last 24 hours.
On the hourly chart, the price of XRP has made a false breakout of the local resistance at $0.6362. If the decline continues, there is a high chance of a further drop to the support level.
On the bigger time frame, neither side has seized the initiative yet. Thus, the volume remains low, which means that ongoing sideways trading is the more likely scenario.
#XRPUpdate #XRPSurge #XRPWatch #XRPInvestment $BTC $ETH $BNB
Is it possible to see further rise of XRP?
Bulls could not hold the initiative until the end of the week, according to CoinStats.
The rate of XRP has risen by 1.25% over the last 24 hours.
On the hourly chart, the price of XRP has made a false breakout of the local resistance at $0.6362. If the decline continues, there is a high chance of a further drop to the support level.
On the bigger time frame, neither side has seized the initiative yet. Thus, the volume remains low, which means that ongoing sideways trading is the more likely scenario.
#XRPUpdate #XRPSurge #XRPWatch #XRPInvestment $BTC $ETH $BNB
Positive Price Prospects for XRP in 2024
XRP has seen marginal gains, surpassing the 1% mark only three times in the past fortnight, while more than 80% of its circulating supply continues to register profits.After experiencing a surge a few weeks ago, Ripple (XRP) has found stability, but its momentum appears subdued compared to other altcoins. Despite briefly securing its position as the fourth-largest asset, the current outlook prompts a closer examination of its standing in the market.The bearish trend persists for XRP, evident in its daily timeframe chart over the last 14 days, where it recorded price increases of just over 1% on three occasions. Following a notable 6% decline on December 11th, the subsequent sluggish performance underscores the challenges faced in recent weeks.As of the latest analysis, XRP is trading at approximately $0.61, with a marginal increase of less than 1%. The short moving average (depicted by the yellow line) has emerged as immediate resistance, hovering around $0.63 and hindering any significant upward movement.Adding to the cautious sentiment is the Relative Strength Index (RSI), indicating a persistently weak trend. The RSI has remained below the neutral line for nearly two weeks, underscoring the lack of strong bullish momentum.In terms of network activity, XRP's Active Addresses have failed to recover since a substantial decline in September. The current data reveals a decrease from over 480,000 to approximately 281,000 active addresses. This decline suggests a contraction in the number of wallets actively participating in XRP trading, potentially signaling reduced volume and, consequently, an impact on the coin's price.While XRP enjoyed a positive market ranking a few weeks ago, recent market dynamics have caused a slip in its position. Formerly occupying the fourth spot based on market capitalization according to CoinMarketCap, it now sits at the sixth position with a market capitalization of approximately $33.8 billion. Notably, Solana (SOL) and Binance Coin (BNB) have overtaken XRP in the rankings, as reflected in their market caps in the past few days.Despite the sluggish price movement, a significant portion of XRP's circulating supply remains in a profitable position. Analyzing the total supply in profit on Santiment reveals that over 86 billion of the altcoin's overall supply, constituting over 86%, is currently in a profitable state. This indicates that a substantial number of XRP holders are still experiencing positive returns despite the coin's restrained market performance.#XRPInvestment #XRPWatch
Excitement abounds within the XRP community following the much-awaited release of the “XRP Unleashed” trailer, an upcoming documentary centered on XRP.
#XRPWatch #Crypto #CryptoNewsFlash #CryptonewswithJack #CryptoNewsUpdate
#XRPWatch #Crypto #CryptoNewsFlash #CryptonewswithJack #CryptoNewsUpdate
The $XRP Ledger AMM has finally passed and will be activated around February 14 😁
#xrp #Ledger #XRPledger #Write2Earn #XRPWatch
#xrp #Ledger #XRPledger #Write2Earn #XRPWatch
🚀 Whale Moves: XRP Worth $12.6 Million Head to Prominent Exchange Amidst Mt. Gox Repayment Buzz
🌐 Ripple’s XRP Takes Center Stage
In a striking market development, Ripple Labs Inc.'s cryptocurrency, XRP, is making waves as a substantial amount, 20 million tokens valued at $12.6 million, is on the move. A mysterious sender initiated this transfer to a major exchange, adding intrigue to the ongoing Mt. Gox repayment saga.
🔍 Mysterious Sender's XRP Shuffle
Recent reports from the reputable crypto-tracking platform, Whale Alert, reveal a mysterious sender's transfer of 20 million XRP tokens worth $12.6 million. The sender's identity remains unknown, but the destination is clear - Bybit, a major crypto exchange.
🐋 Two More Waves of Whale Transactions
The mysterious sender didn't stop at one move. In a span of 12 hours, two more substantial transactions unfolded. First, a transfer of 24.9 million XRP tokens worth $15.3 million made its way from an undisclosed wallet to Bitstamp, hinting at potential strategic selling. Another noteworthy transaction saw 25.2 million XRP moving from an unidentified wallet to Bitso, a prominent crypto trading platform, valuing at $15.54 million.
⚖️ Mt. Gox Drama Adds Intrigue
The timing of these whale transactions coincides with the news of Mt. Gox, the long-dormant exchange, initiating compensation payments to users after over a decade of dormancy. Recent reports confirm users receiving refunds in Japanese yen via PayPal, triggering a ripple effect across the crypto market.
📉 Market Impact: Bitcoin and XRP React
As the Mt. Gox revelation unfolds, Bitcoin witnessed a weekly low at $42,450. XRP experienced a 3.6% decline since the day’s opening, contributing to a 1.7% drop in the overall cryptocurrency market capitalization, totaling a staggering $27.7 billion.
🔗 Stay Informed, Stay Ahead! Follow The Blockopedia for Real-time Crypto Updates.
#XRPBullRun #XRPWatch #crypto #cryptocurrency #crypto2023
🌐 Ripple’s XRP Takes Center Stage
In a striking market development, Ripple Labs Inc.'s cryptocurrency, XRP, is making waves as a substantial amount, 20 million tokens valued at $12.6 million, is on the move. A mysterious sender initiated this transfer to a major exchange, adding intrigue to the ongoing Mt. Gox repayment saga.
🔍 Mysterious Sender's XRP Shuffle
Recent reports from the reputable crypto-tracking platform, Whale Alert, reveal a mysterious sender's transfer of 20 million XRP tokens worth $12.6 million. The sender's identity remains unknown, but the destination is clear - Bybit, a major crypto exchange.
🐋 Two More Waves of Whale Transactions
The mysterious sender didn't stop at one move. In a span of 12 hours, two more substantial transactions unfolded. First, a transfer of 24.9 million XRP tokens worth $15.3 million made its way from an undisclosed wallet to Bitstamp, hinting at potential strategic selling. Another noteworthy transaction saw 25.2 million XRP moving from an unidentified wallet to Bitso, a prominent crypto trading platform, valuing at $15.54 million.
⚖️ Mt. Gox Drama Adds Intrigue
The timing of these whale transactions coincides with the news of Mt. Gox, the long-dormant exchange, initiating compensation payments to users after over a decade of dormancy. Recent reports confirm users receiving refunds in Japanese yen via PayPal, triggering a ripple effect across the crypto market.
📉 Market Impact: Bitcoin and XRP React
As the Mt. Gox revelation unfolds, Bitcoin witnessed a weekly low at $42,450. XRP experienced a 3.6% decline since the day’s opening, contributing to a 1.7% drop in the overall cryptocurrency market capitalization, totaling a staggering $27.7 billion.
🔗 Stay Informed, Stay Ahead! Follow The Blockopedia for Real-time Crypto Updates.
#XRPBullRun #XRPWatch #crypto #cryptocurrency #crypto2023
RIPPLE’S BOLD MOVE – EXPLORING AI INTEGRATION, XRP PRICE HOLDS STEADY-
Ripple’s CTO, Joel Katz, hints at AI integration in 2024 for enhanced cybersecurity, financial services, and ledger security, including market analysis and AI chatbots.
Discussion brews on Ripple’s potential AI integration; CEO Garlinghouse emphasizes regulatory compliance amid an SEC lawsuit.
XRP at $0.61 remains stable as Ripple plans for 2024. Technical analysis suggests a breakout, but caution is advised due to market dynamics. Ripple’s AI move could drive wider adoption.
The incorporation of AI is expected to bring precision to market analysis, automate trading processes, and introduce AI chatbots to streamline development, foster global innovation, and promote financial inclusivity. While Ripple has not officially announced this integration, discussions around the potential move have gained momentum, coinciding with blockchain AI gaining traction in Q4, 2023.
Ripple’s AI integration aspiration and regulatory compliance
Joel Katz’s vision for the incorporation of AI into Ripple’s framework heralds a new era of possibilities. Katz anticipates a significant shift in the cybersecurity and financial services domains, driven by the enhanced security of ledger systems. The potential applications of AI in providing precise market analysis and enabling automated trading could reshape the landscape of blockchain technology.
Despite the stagnant price, CoinShares’ latest weekly report indicates inflows of $2.7 million into XRP. This influx, when contrasted with outflows from Bitcoin and Ethereum, suggests a bullish factor for XRP. While technical indicators provide mixed signals, on-chain metrics lean towards a bullish continuation. But, the interconnected nature of the altcoin market necessitates close monitoring of macroeconomic factors and fluctuations in the Bitcoin market for well-informed investment decisions. #xrp #ai #XRPWatch #binance
Disclaimer. The information provided is not trading advice. DYOR
Ripple’s CTO, Joel Katz, hints at AI integration in 2024 for enhanced cybersecurity, financial services, and ledger security, including market analysis and AI chatbots.
Discussion brews on Ripple’s potential AI integration; CEO Garlinghouse emphasizes regulatory compliance amid an SEC lawsuit.
XRP at $0.61 remains stable as Ripple plans for 2024. Technical analysis suggests a breakout, but caution is advised due to market dynamics. Ripple’s AI move could drive wider adoption.
The incorporation of AI is expected to bring precision to market analysis, automate trading processes, and introduce AI chatbots to streamline development, foster global innovation, and promote financial inclusivity. While Ripple has not officially announced this integration, discussions around the potential move have gained momentum, coinciding with blockchain AI gaining traction in Q4, 2023.
Ripple’s AI integration aspiration and regulatory compliance
Joel Katz’s vision for the incorporation of AI into Ripple’s framework heralds a new era of possibilities. Katz anticipates a significant shift in the cybersecurity and financial services domains, driven by the enhanced security of ledger systems. The potential applications of AI in providing precise market analysis and enabling automated trading could reshape the landscape of blockchain technology.
Despite the stagnant price, CoinShares’ latest weekly report indicates inflows of $2.7 million into XRP. This influx, when contrasted with outflows from Bitcoin and Ethereum, suggests a bullish factor for XRP. While technical indicators provide mixed signals, on-chain metrics lean towards a bullish continuation. But, the interconnected nature of the altcoin market necessitates close monitoring of macroeconomic factors and fluctuations in the Bitcoin market for well-informed investment decisions. #xrp #ai #XRPWatch #binance
Disclaimer. The information provided is not trading advice. DYOR
Follow For Free Signal : The bullish pennant is consolidating on a daily basis. If it breakouts soon, there is a potential for a 40-45% bullish rally that would send it towards $1. #Cryptocurrrency #XRPWatch #XRPUSDT #RippleTrends
let's analyse #XRP on a request pf a flower.
- The current price of XRP/USDT is **0.6242**, showing a **+1.00%** change.
- The candlestick chart shows **fluctuating prices** with green and red candles indicating rises and falls in price respectively.
- The MACD indicator is **below zero**, suggesting a **bearish momentum**. The MACD line is also below the signal line, indicating a **sell signal*.
- The RSI indicator is **around 50**, suggesting a **neutral trend**. However, it is slightly tilted downwards, indicating a possible **downward pressure**.
- The Bollinger Bands are **narrowing**, suggesting a **low volatility**. The price is also close to the middle band, indicating a **lack of direction**.
Based on these points, the prediction for XRP/USDT is **uncertain** and **risky**.
There is no clear trend or signal to follow, and the price may move in either direction.
A possible strategy is to wait for a breakout from the Bollinger Bands or a crossover of the MACD and signal lines before entering a trade.
I hope this helps.
#XRPWatch
#BinanceTournament
#etf $BTC
- The current price of XRP/USDT is **0.6242**, showing a **+1.00%** change.
- The candlestick chart shows **fluctuating prices** with green and red candles indicating rises and falls in price respectively.
- The MACD indicator is **below zero**, suggesting a **bearish momentum**. The MACD line is also below the signal line, indicating a **sell signal*.
- The RSI indicator is **around 50**, suggesting a **neutral trend**. However, it is slightly tilted downwards, indicating a possible **downward pressure**.
- The Bollinger Bands are **narrowing**, suggesting a **low volatility**. The price is also close to the middle band, indicating a **lack of direction**.
Based on these points, the prediction for XRP/USDT is **uncertain** and **risky**.
There is no clear trend or signal to follow, and the price may move in either direction.
A possible strategy is to wait for a breakout from the Bollinger Bands or a crossover of the MACD and signal lines before entering a trade.
I hope this helps.
#XRPWatch
#BinanceTournament
#etf $BTC
XRP Price Set for Tailwinds in 2024 as Ripple Predicts Massive Crypto Adoption
XRP might benefit from Ripple's crypto adoption outlook for 2024
XRP, presently the fifth-largest cryptocurrency by market capitalization, had historic moments in the year 2023.
The optimism stemmed from Ripple's streak of consecutive victories in the SEC legal action. Ripple achieved a significant victory in July when a judge declared that XRP is not a security in and of itself. Following that, the SEC's request for an interlocutory appeal was denied. The SEC then withdrew its securities law violation claims against Ripple executives Brad Garlinghouse and Chris Larsen in October.
The price of XRP increased by up to 100% shortly after the landmark verdict in July, reaching yearly highs of $0.932. Before its price fell, XRP rose to become the third-largest cryptocurrency. The same scenario of a price climb played out in October, when the SEC's request to appeal its earth-shattering loss against Ripple was denied. XRP reached a high of $0.75 in mid-November but has since consolidated.
At the time of writing, XRP was down 0.8% in the last 24 hours to $0.61, although the token remains up 74.4% yearly. Given the playout of events in 2023 that lifted the XRP price, tailwinds stemming from adoption might boost the XRP price in 2024.
As predicted by Ripple CLO Stuart Alderoty, the last bit of the SEC's misguided lawsuit against Ripple will finally come to an end in 2024, this remains a tailwind for the XRP price as well.
#XRPSurge #XRPPriceTarget #XRPInvestment #XRPWatch #XRPUpdate
$XRP
XRP might benefit from Ripple's crypto adoption outlook for 2024
XRP, presently the fifth-largest cryptocurrency by market capitalization, had historic moments in the year 2023.
The optimism stemmed from Ripple's streak of consecutive victories in the SEC legal action. Ripple achieved a significant victory in July when a judge declared that XRP is not a security in and of itself. Following that, the SEC's request for an interlocutory appeal was denied. The SEC then withdrew its securities law violation claims against Ripple executives Brad Garlinghouse and Chris Larsen in October.
The price of XRP increased by up to 100% shortly after the landmark verdict in July, reaching yearly highs of $0.932. Before its price fell, XRP rose to become the third-largest cryptocurrency. The same scenario of a price climb played out in October, when the SEC's request to appeal its earth-shattering loss against Ripple was denied. XRP reached a high of $0.75 in mid-November but has since consolidated.
At the time of writing, XRP was down 0.8% in the last 24 hours to $0.61, although the token remains up 74.4% yearly. Given the playout of events in 2023 that lifted the XRP price, tailwinds stemming from adoption might boost the XRP price in 2024.
As predicted by Ripple CLO Stuart Alderoty, the last bit of the SEC's misguided lawsuit against Ripple will finally come to an end in 2024, this remains a tailwind for the XRP price as well.
#XRPSurge #XRPPriceTarget #XRPInvestment #XRPWatch #XRPUpdate
$XRP
🚀🚀🚀 #XRPWatch Nears the $1 Milestone as Crypto Market Heats Up! 🚀🚀🚀
The cryptocurrency market is experiencing a surge in activity, with several projects showing impressive gains. Here's a breakdown of some key developments:
XRP Nears the $1 Milestone:
1. The price of XRP, the native token of the Ripple payment network, has risen significantly, approaching the coveted $1 mark.
2. This surge is attributed to several factors, including:
- Positive news about Ripple's ongoing legal battle with the US Securities and Exchange Commission (SEC).
- Increased adoption of Ripple's blockchain technology by financial institutions.
- Growing interest in XRP as a potential hedge against inflation.
Rebel Satoshi Poised for a Tenfold Jump:
- #rebelsatoshi (RBLZ), a new cryptocurrency project focused on decentralized finance (DeFi), is generating significant interest.
- Experts predict that RBLZ could experience a tenfold increase in value during its presale phase.
- This optimistic forecast is based on the project's strong fundamentals, experienced team, and innovative approach to #DeFi.
Overall Market Sentiment:
1. The broader cryptocurrency market is experiencing a positive momentum, with most major tokens showing gains.
2. This bullish sentiment is fueled by several factors, including:
- Increased institutional investment in cryptocurrency.
- Growing awareness and adoption of blockchain technology.
- Optimism about the potential of Web3 and the metaverse.
While the future of the cryptocurrency market remains uncertain, the current positive trends are encouraging. Investors should carefully analyze each project before making any investment decisions.
#CryptoNews🔒📰🚫 #BinanceSquare $XRP
The cryptocurrency market is experiencing a surge in activity, with several projects showing impressive gains. Here's a breakdown of some key developments:
XRP Nears the $1 Milestone:
1. The price of XRP, the native token of the Ripple payment network, has risen significantly, approaching the coveted $1 mark.
2. This surge is attributed to several factors, including:
- Positive news about Ripple's ongoing legal battle with the US Securities and Exchange Commission (SEC).
- Increased adoption of Ripple's blockchain technology by financial institutions.
- Growing interest in XRP as a potential hedge against inflation.
Rebel Satoshi Poised for a Tenfold Jump:
- #rebelsatoshi (RBLZ), a new cryptocurrency project focused on decentralized finance (DeFi), is generating significant interest.
- Experts predict that RBLZ could experience a tenfold increase in value during its presale phase.
- This optimistic forecast is based on the project's strong fundamentals, experienced team, and innovative approach to #DeFi.
Overall Market Sentiment:
1. The broader cryptocurrency market is experiencing a positive momentum, with most major tokens showing gains.
2. This bullish sentiment is fueled by several factors, including:
- Increased institutional investment in cryptocurrency.
- Growing awareness and adoption of blockchain technology.
- Optimism about the potential of Web3 and the metaverse.
While the future of the cryptocurrency market remains uncertain, the current positive trends are encouraging. Investors should carefully analyze each project before making any investment decisions.
#CryptoNews🔒📰🚫 #BinanceSquare $XRP
