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bedmadafaka
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Please don't post this kind of recommendation without a CA. There are too many fakes out there, on any DEX , and people don't realize it. Saying that, CA?
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Ben Walther
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Bullish
SuiAI $SUAI is my favorite degen play atm.
The first platform to launch and co-create AI Agents on the $SUI chain — similar to Virtuals on Solana.
Virtual has become one of the top 50 crypto projects, having a market cap of $2.6b. SuiAI currently has an 8m market cap.
Of course, you can't simply extrapolate SuiAI's market cap to Virtuals. However, it clearly shows that there is easily a 10-20x potential.
The first platform to launch and co-create AI Agents on the $SUI chain — similar to Virtuals on Solana.
Virtual has become one of the top 50 crypto projects, having a market cap of $2.6b. SuiAI currently has an 8m market cap.
Of course, you can't simply extrapolate SuiAI's market cap to Virtuals. However, it clearly shows that there is easily a 10-20x potential.
Flip a coin
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CRYPTO MECHANIC
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If you want to see it all together, Here it is.
Last 4 year end holidays and $BTC Price action.
2020 was the middle of the bull market
2021 was the start of the bear market
2022 was almost the end of the bear market.
2023 middle of the bull market.
What do you expect now ? where do we stand ?
Last 4 year end holidays and $BTC Price action.
2020 was the middle of the bull market
2021 was the start of the bear market
2022 was almost the end of the bear market.
2023 middle of the bull market.
What do you expect now ? where do we stand ?
This is normal correction and profit taking. It's a normal cycle. Whoever panic sells, will cry later.
#altcoin Holders!
Guys,
Don't Panic!🤬
If you hold Altcoins in Spot, there is no need to panic at this stage that Altcoins are down 40 - 48% on average from their last peak.
Altcoins are not going to zero. This sell off without any significant bounce is very similar to Wyckoff accumulation stage of market cycles.
There will be a good bounce soon. Once this phase is over, there will be some great opportunities to the upside.🚀
💥So, don't blow your accounts using high leverage. Patience is the rule of the game at this stage.
Note : Don't forget to do your own research.
#BTCNextMove #BinanceAlphaAlert $SEI $RENDER $FET @CZ
Guys,
Don't Panic!🤬
If you hold Altcoins in Spot, there is no need to panic at this stage that Altcoins are down 40 - 48% on average from their last peak.
Altcoins are not going to zero. This sell off without any significant bounce is very similar to Wyckoff accumulation stage of market cycles.
There will be a good bounce soon. Once this phase is over, there will be some great opportunities to the upside.🚀
💥So, don't blow your accounts using high leverage. Patience is the rule of the game at this stage.
Note : Don't forget to do your own research.
#BTCNextMove #BinanceAlphaAlert $SEI $RENDER $FET @CZ
Bleeding? Weird how that blood is green.
This time the alts are really behaving weird . Bitcoin is holding the 100k mark quite well but the alts are bleeding continuously . This is really disappointing .
I am really worried that if BTC takes a correction then what will happen to the alts?!
The global sentiment is volatile as well. We never know what happens next .
As someone who has been in this space for more than 4 years , I would suggest you to stay out from the futures , at least from the long trades .
For alts to move again we need another euphoria and I don't see that coming soon.
Protect your capital .
#CryptoUsersHit18M #BTCReclaims101K #altsesaon #AltcoinInvesting
I am really worried that if BTC takes a correction then what will happen to the alts?!
The global sentiment is volatile as well. We never know what happens next .
As someone who has been in this space for more than 4 years , I would suggest you to stay out from the futures , at least from the long trades .
For alts to move again we need another euphoria and I don't see that coming soon.
Protect your capital .
#CryptoUsersHit18M #BTCReclaims101K #altsesaon #AltcoinInvesting
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HODL! Xrp is here to stay.
$XRP You were the exit liqudity, now they're pumping BTC and ETH with your money. Soon people will realize this. XRP is Shib of this cycle, retail (you) bought it with dreams of x100 or imaginary goals like flipping ETH, which is manipulation. Sorry, you've been lied.
If you're in profit, sell it before its too late. If you're not in profit, decide whether its worth it to waiting for or not. Even if you bought it at top, you can still recover by investing your money to other coins who has not pumped like XRP did.
For big and mid caps: Solana, ETH, LINK, AVAX, SUI, TIA, ARB. You can recover your money with buying these in mid term. Like couple of months. You can even make profits.
Small caps are risky, i would not recommend them. You could lose more of your money because they're more volatile. But here are some examples;
Manta, DYM, ALT, ZK are decent enough for recovery in mid or short term.
If you're in profit, sell it before its too late. If you're not in profit, decide whether its worth it to waiting for or not. Even if you bought it at top, you can still recover by investing your money to other coins who has not pumped like XRP did.
For big and mid caps: Solana, ETH, LINK, AVAX, SUI, TIA, ARB. You can recover your money with buying these in mid term. Like couple of months. You can even make profits.
Small caps are risky, i would not recommend them. You could lose more of your money because they're more volatile. But here are some examples;
Manta, DYM, ALT, ZK are decent enough for recovery in mid or short term.
It will beat it's ATH
(FOLLOW ME FOR MORE INSIGHT TO MAKE DECENT MONEY) $DOT Investing in Polkadot (DOT) in December 2024 offers a compelling opportunity due to several converging factors, including the post-Bitcoin halving momentum, technological advancements in its ecosystem, and broader market dynamics. (Manage your own money and risk, it is not a financial advice). #BTC100K!
Bitcoin Halving Impact: Historically, Bitcoin halvings create a ripple effect across the cryptocurrency market, with significant price rallies occurring 12-18 months post-event. The April 2024 halving has already reduced miner supply, easing sell pressure and setting the stage for a bullish 2025. As Bitcoin approaches new highs (recently exceeding $104,000), altcoins like DOT often follow with exponential gains, benefiting from increased liquidity and market interest.
Technological Upgrades: Polkadot's ecosystem is undergoing transformative upgrades, including the launch of Snowbridge—a decentralized Ethereum bridge—and enhancements to its parachain model. These developments will expand Polkadot's interoperability and application use cases, likely driving adoption and demand for DOT.
Market Sentiment and Technicals: Polkadot has recently shown positive price momentum, with technical indicators like RSI and Bollinger Bands signaling potential for a breakout. Analysts predict DOT could surpass its previous $55 all-time high by 2025, but accelerating bullish trends linked to Bitcoin's post-halving trajectory could push this milestone sooner.
In essence, DOT’s mix of cutting-edge innovation, synergy with Bitcoin's broader market trends, and strong community backing creates an appealing investment case. With Bitcoin's dominance growing and ETF flows solidifying institutional interest, Polkadot is well-positioned to capitalize on the upcoming market cycle.
Bitcoin Halving Impact: Historically, Bitcoin halvings create a ripple effect across the cryptocurrency market, with significant price rallies occurring 12-18 months post-event. The April 2024 halving has already reduced miner supply, easing sell pressure and setting the stage for a bullish 2025. As Bitcoin approaches new highs (recently exceeding $104,000), altcoins like DOT often follow with exponential gains, benefiting from increased liquidity and market interest.
Technological Upgrades: Polkadot's ecosystem is undergoing transformative upgrades, including the launch of Snowbridge—a decentralized Ethereum bridge—and enhancements to its parachain model. These developments will expand Polkadot's interoperability and application use cases, likely driving adoption and demand for DOT.
Market Sentiment and Technicals: Polkadot has recently shown positive price momentum, with technical indicators like RSI and Bollinger Bands signaling potential for a breakout. Analysts predict DOT could surpass its previous $55 all-time high by 2025, but accelerating bullish trends linked to Bitcoin's post-halving trajectory could push this milestone sooner.
In essence, DOT’s mix of cutting-edge innovation, synergy with Bitcoin's broader market trends, and strong community backing creates an appealing investment case. With Bitcoin's dominance growing and ETF flows solidifying institutional interest, Polkadot is well-positioned to capitalize on the upcoming market cycle.
No worries, Atkins knows what to do. The bucks stops with him, not some lawyer
XRP Lawsuit News: Atkins Won’t Dismiss The Ripple Case, SEC Vs XRP To Continue
Gary Gensler, the controversial head of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, as announced by the agency recently. Gensler, who was widely criticized by crypto investors during his tenure, will leave just days before a major decision in the SEC's ongoing legal battle with Ripple, set for January 25, 2025.
However, despite Gensler’s departure, the future of the SEC's approach to crypto remains uncertain. Bill Morgan, an attorney closely following the case, pointed out that the SEC’s new chief litigation counsel, Jorge Tenreiro, is deeply involved in the Ripple litigation.
Tenreiro, who will be the key lawyer in the SEC v. Ripple case, may continue in this role even after the confirmation of the new SEC commissioner, Paul Atkins. Morgan expressed skepticism about any significant shift in the SEC's stance on crypto if Tenreiro remains in charge of the litigation.
Source:
CoinPedia News
I told you so.
👑
#N4G
Gary Gensler, the controversial head of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, as announced by the agency recently. Gensler, who was widely criticized by crypto investors during his tenure, will leave just days before a major decision in the SEC's ongoing legal battle with Ripple, set for January 25, 2025.
However, despite Gensler’s departure, the future of the SEC's approach to crypto remains uncertain. Bill Morgan, an attorney closely following the case, pointed out that the SEC’s new chief litigation counsel, Jorge Tenreiro, is deeply involved in the Ripple litigation.
Tenreiro, who will be the key lawyer in the SEC v. Ripple case, may continue in this role even after the confirmation of the new SEC commissioner, Paul Atkins. Morgan expressed skepticism about any significant shift in the SEC's stance on crypto if Tenreiro remains in charge of the litigation.
Source:
CoinPedia News
I told you so.
👑
#N4G
News: Trump tapped Paul Atkins as the new head of SEC. He's a crypto enthusiast, so draw your own conclusion.
True reason why $XRP pumped (then dumped):
In December 2020, as the bull run began, the SEC sued Ripple.
Causing XRP to crash from $0.50 to $0.21.
It hasn’t recovered its $3.40 all-time high since.
Until recently:
Ripple won its SEC case
Gary Gensler resigned as SEC Chair (reducing the chance of appeals)
Trump became president with a pro-crypto agenda, including tax cuts for U.S.-based crypto companies like Ripple.
Do you think this kind of pump is healthy?
In December 2020, as the bull run began, the SEC sued Ripple.
Causing XRP to crash from $0.50 to $0.21.
It hasn’t recovered its $3.40 all-time high since.
Until recently:
Ripple won its SEC case
Gary Gensler resigned as SEC Chair (reducing the chance of appeals)
Trump became president with a pro-crypto agenda, including tax cuts for U.S.-based crypto companies like Ripple.
Do you think this kind of pump is healthy?
See original
It will skyrocket soon.
Dot is Next Sol ?
PolkaDot (DOT) Investment Opportunity
PolkaDot's price dropped significantly from $55. Similarly, Solana's price fell from $270 to $5-6, but after an upgrade, it recovered.
PolkaDot 2.0 is scheduled to launch in early 2025. This upgrade might bring significant profits, but remember that the risk is high.
If you're willing to take the risk, consider doing thorough research on PolkaDot before investing.
Note: Investing in cryptocurrency is risky.
Good luck! #DOT_UPDATE
Regards : Crypro SaQi
PolkaDot (DOT) Investment Opportunity
PolkaDot's price dropped significantly from $55. Similarly, Solana's price fell from $270 to $5-6, but after an upgrade, it recovered.
PolkaDot 2.0 is scheduled to launch in early 2025. This upgrade might bring significant profits, but remember that the risk is high.
If you're willing to take the risk, consider doing thorough research on PolkaDot before investing.
Note: Investing in cryptocurrency is risky.
Good luck! #DOT_UPDATE
Regards : Crypro SaQi
Check the movement of KSM. That's the chain that's indicative to what's next for Polkadot.
🌟 POLKADOT ($DOT ) HOLDERS: IS DECEMBER THE GAME-CHANGER WE’VE BEEN WAITING FOR? 🌟
$DOT is making headlines this month, and the excitement is building. The ecosystem is buzzing with updates, innovations, and big moves that could set Polkadot apart in the blockchain race.
Could this be the moment Polkadot solidifies its place as the backbone of Web3? 🔥
Here’s why December is crucial for $DOT:
🛠️ New Parachains, New Potential:
Polkadot’s multi-chain framework is expanding rapidly. Could December bring groundbreaking parachains that redefine its utility?
🤝 Next-Level Collaborations:
Polkadot’s focus on interoperability attracts high-level partnerships. Is a major enterprise or blockchain integration on the horizon?
💡 Cross-Chain Milestone:
Polkadot’s unique ability to connect different blockchains could see a breakthrough this month, further enhancing its appeal to developers.
📈 Whale Action and Market Hype:
With trading activity increasing and institutional interest rising, could $DOT be gearing up for a significant price breakout?
🚀 December could be the month that defines Polkadot’s future and cements its role in the decentralized web.
🔥 Stay ahead of the trend—FOLLOW us for real-time insights, strategies, and updates as DOT gears up for its next big move!
💡 You can now tip me on Binance Square! Your support helps me continue creating valuable content just for you. 🙌
#Polkadot #DOT #Web3Future #Crypto2025 #PolkadotUpdate 🚀
Disclaimer:
This content is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency investments are highly volatile and involve significant risks. Always do your own research (DYOR) and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and you should only invest what you can afford to lose. We are not responsible for any financial losses that may occur. 🚨
$DOT is making headlines this month, and the excitement is building. The ecosystem is buzzing with updates, innovations, and big moves that could set Polkadot apart in the blockchain race.
Could this be the moment Polkadot solidifies its place as the backbone of Web3? 🔥
Here’s why December is crucial for $DOT:
🛠️ New Parachains, New Potential:
Polkadot’s multi-chain framework is expanding rapidly. Could December bring groundbreaking parachains that redefine its utility?
🤝 Next-Level Collaborations:
Polkadot’s focus on interoperability attracts high-level partnerships. Is a major enterprise or blockchain integration on the horizon?
💡 Cross-Chain Milestone:
Polkadot’s unique ability to connect different blockchains could see a breakthrough this month, further enhancing its appeal to developers.
📈 Whale Action and Market Hype:
With trading activity increasing and institutional interest rising, could $DOT be gearing up for a significant price breakout?
🚀 December could be the month that defines Polkadot’s future and cements its role in the decentralized web.
🔥 Stay ahead of the trend—FOLLOW us for real-time insights, strategies, and updates as DOT gears up for its next big move!
💡 You can now tip me on Binance Square! Your support helps me continue creating valuable content just for you. 🙌
#Polkadot #DOT #Web3Future #Crypto2025 #PolkadotUpdate 🚀
Disclaimer:
This content is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency investments are highly volatile and involve significant risks. Always do your own research (DYOR) and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and you should only invest what you can afford to lose. We are not responsible for any financial losses that may occur. 🚨
Whales are slowly loading. In Q1 2025, Polkadot 2.0 is coming.
📊📈
$DOT Monthly transaction count in the Polkadot ecosystem is at all-time highs
$DOT Monthly transaction count in the Polkadot ecosystem is at all-time highs
It will raise. Polkadot 2.0 is coming.
$DOT I smell that something a very big news is coming soon! If trust me you must buy $DOT as mush as you can for the nearest future in 2025.
Genius Gavin Wood is going to do it to change the crypto world again like he has done ETH and Solidity language! Do you remember???
Genius Gavin Wood is going to do it to change the crypto world again like he has done ETH and Solidity language! Do you remember???
Laszlo paid 10.000BTC for 2 pizzas. That was an expensive meal.
Back in 2011, Dedi, a hardcore gamer, heard about Bitcoin on an online forum. Curious, he started mining Bitcoin on his computer while gaming. After a few months, he managed to collect around 50 Bitcoins. But since Bitcoin was only worth a few dollars at the time, he didn’t care much and saved it in a digital wallet with a "unique" password he thought he’d never forget.
Fast forward to 2020, Bitcoin’s price skyrocketed to tens of thousands of dollars per coin. Dedi was thrilled when he realized he had Bitcoins that could make him a millionaire. He rushed to open his digital wallet and tried to recall his "unique" password. He was sure it was something simple yet cool, so he typed: "IamTheBitcoinKing."
It failed.
Then he tried: "SultanBitcoin2011."
Failed again.
Frustrated, he tried other silly passwords like "BitcoinToTheMoon" and "MySuperUniquePassword123", but still no luck. Finally, he remembered that back in 2011, he was obsessed with anime. So, he typed his favorite character’s name: "NarutoUzumaki1999."
The wallet opened.
Dedi screamed in excitement, feeling like he had just won the lottery! But when he checked the balance, it showed 0 Bitcoin.
Turns out, 10 years ago, he had spent all his Bitcoins trying to buy pizza and the rest on in-game skins for an online game whose servers had long been shut down. Dedi could only sit in despair, muttering to himself, "I was a millionaire… in the form of stale pizza!"
Moral of the story: Use your digital assets wisely—don’t trade your future for pizza and game skins!
$BTC
Fast forward to 2020, Bitcoin’s price skyrocketed to tens of thousands of dollars per coin. Dedi was thrilled when he realized he had Bitcoins that could make him a millionaire. He rushed to open his digital wallet and tried to recall his "unique" password. He was sure it was something simple yet cool, so he typed: "IamTheBitcoinKing."
It failed.
Then he tried: "SultanBitcoin2011."
Failed again.
Frustrated, he tried other silly passwords like "BitcoinToTheMoon" and "MySuperUniquePassword123", but still no luck. Finally, he remembered that back in 2011, he was obsessed with anime. So, he typed his favorite character’s name: "NarutoUzumaki1999."
The wallet opened.
Dedi screamed in excitement, feeling like he had just won the lottery! But when he checked the balance, it showed 0 Bitcoin.
Turns out, 10 years ago, he had spent all his Bitcoins trying to buy pizza and the rest on in-game skins for an online game whose servers had long been shut down. Dedi could only sit in despair, muttering to himself, "I was a millionaire… in the form of stale pizza!"
Moral of the story: Use your digital assets wisely—don’t trade your future for pizza and game skins!
$BTC
What's the exit strategy?
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CRYPTO MECHANIC
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$XRP Almost 50% move from that drop.
These were the positions i opened from that dip last week and did post when i was buying the dip. I do have an old position on it as well from $0.770's.
I said it many times I'm not looking to catch small moves I'm in for bigger moves.
This is how you take full advantage of a trend and it's all about knowing when it's the right time.
These were the positions i opened from that dip last week and did post when i was buying the dip. I do have an old position on it as well from $0.770's.
I said it many times I'm not looking to catch small moves I'm in for bigger moves.
This is how you take full advantage of a trend and it's all about knowing when it's the right time.
KSM and DOT are the next 🚀🚀
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Bitcoinik
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Polkadot 2.0 Launch Set to Ignite a Big $DOT Coin Pump
The Polkadot crypto project decided to introduce the next generation of this Polkadot network & allow people to use Polkadot with more flexible ways.
Polkadot is a popular decentralized crypto blockchain network. This crypto blockchain network was designed to enable interoperability between multiple crypto networks easily. In 2016, this crypto project was founded by Dr. Gavin Wood, a co-founder of Ethereum and the creator of its programming language, Solidity.
In May of this year, the Polkadot team introduced the concept of Polkadot 2.0, to confirm that they’re going to increase the ability & add new functionality to the Polkadot Blockchain. During the initial Polkadot2.0 announcement, Polkadot leadership informed about their plan to introduce a more flexible system for allocating block space, where developers can purchase block space based on their needs so that their corresponding products can use computational resources based on actual demand.
On 29 Nov 2024, Parity Technologies, the developers behind Polkadot, confirmed that Polkadot2.0 will come in Q1 2025.Also, they informed us that the new version of Polkadot included the main features of Async Backing, Agile Coretime, and Elastic Scaling.
Polkadot executive Emil Kietzman informed us that the whole development-related work had been done & now the developers are working on Agile Coretime & Elastic scaling.
Last part of Polkadot 2.0 is Elastic ScalingProjects will be able to add multiple Cores for one task, shorten block production time or add on-demand Cores if they have throughput problems🔹Use 3 Polkadot Cores to shorten 1 block from 6 sec to 2🔸Or increase throughput 3x👇 pic.twitter.com/afvIbEa9iS
— Emil Kietzman Dot🐂⭕️ (@EmilKietzman) November 10, 2024
$Dot price action
The current trade price of the $Dot coin is $8.9 & this price level is 34% higher over the last 7 days period.
The current trade price of $dot coin is $8.96 pic.twitter.com/9XazXClJFV
— Bitcoinik (@Bitcoinikdotcom) November 29, 2024
According to Rekt Capital, the $Dot coin crossed the $8.60 resistance level and is now retesting this level to establish a new support level.In 2021, the $Dot coin successfully retested this level & the price pumped rapidly & also hit all-time highs. For this year, the $DOT coin needs a successful retest and a strong monthly close above this level.
$DOTPolkadot has performed a Weekly Close above the black $8.60 resistanceNow in the process of retesting this level into new supportIn 2021, this retest led price to new All Time HighsBut earlier this year, we saw a failed retest see price sink to 2023 lowsDOT needs… https://t.co/ZLkLIjKPfn pic.twitter.com/VYyLLJyXOR
— Rekt Capital (@rektcapital) November 29, 2024
Read also: Russian president signs a law recognising Bitcoin as property
Polkadot is a popular decentralized crypto blockchain network. This crypto blockchain network was designed to enable interoperability between multiple crypto networks easily. In 2016, this crypto project was founded by Dr. Gavin Wood, a co-founder of Ethereum and the creator of its programming language, Solidity.
In May of this year, the Polkadot team introduced the concept of Polkadot 2.0, to confirm that they’re going to increase the ability & add new functionality to the Polkadot Blockchain. During the initial Polkadot2.0 announcement, Polkadot leadership informed about their plan to introduce a more flexible system for allocating block space, where developers can purchase block space based on their needs so that their corresponding products can use computational resources based on actual demand.
On 29 Nov 2024, Parity Technologies, the developers behind Polkadot, confirmed that Polkadot2.0 will come in Q1 2025.Also, they informed us that the new version of Polkadot included the main features of Async Backing, Agile Coretime, and Elastic Scaling.
Polkadot executive Emil Kietzman informed us that the whole development-related work had been done & now the developers are working on Agile Coretime & Elastic scaling.
Last part of Polkadot 2.0 is Elastic ScalingProjects will be able to add multiple Cores for one task, shorten block production time or add on-demand Cores if they have throughput problems🔹Use 3 Polkadot Cores to shorten 1 block from 6 sec to 2🔸Or increase throughput 3x👇 pic.twitter.com/afvIbEa9iS
— Emil Kietzman Dot🐂⭕️ (@EmilKietzman) November 10, 2024
$Dot price action
The current trade price of the $Dot coin is $8.9 & this price level is 34% higher over the last 7 days period.
The current trade price of $dot coin is $8.96 pic.twitter.com/9XazXClJFV
— Bitcoinik (@Bitcoinikdotcom) November 29, 2024
According to Rekt Capital, the $Dot coin crossed the $8.60 resistance level and is now retesting this level to establish a new support level.In 2021, the $Dot coin successfully retested this level & the price pumped rapidly & also hit all-time highs. For this year, the $DOT coin needs a successful retest and a strong monthly close above this level.
$DOTPolkadot has performed a Weekly Close above the black $8.60 resistanceNow in the process of retesting this level into new supportIn 2021, this retest led price to new All Time HighsBut earlier this year, we saw a failed retest see price sink to 2023 lowsDOT needs… https://t.co/ZLkLIjKPfn pic.twitter.com/VYyLLJyXOR
— Rekt Capital (@rektcapital) November 29, 2024
Read also: Russian president signs a law recognising Bitcoin as property
Apples, oranges.... What are you smoking?
I think $XRP $10000 who believes, belevies
xrp will make millionaire your still not late remember 1$ btc
xrp will make millionaire your still not late remember 1$ btc
Fibonacci this, fractal that, RSI this, EMA that..... Crypto is not stock market, stop using same tools, it doesn't work. Try market sentiment, socials, you might get something.
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Cointelegraph
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Is XRP price going to crash again?
XRP (XRP) has dropped by over 17% four days after reaching a multi-year high of around $1.63, trading at around $1.41 as of Nov. 27. On a month-to-date basis, however, the cryptocurrency is maintaining its “Trump Trade” profits, up by almost 180% in its best month since April 2021.
Overbought XRP signals 25% dump by December
XRP’ss relative strength index (RSI) levels has been above 70 on the daily chart throughout November, signaling potential exhaustion of its ongoing uptrend.
Historical data highlights XRP's tendency to correct sharply after reaching overbought RSI levels. For instance, in June 2023, XRP's daily RSI surpassed 85 during a rally to $0.82, after which the price dropped by 46.5% in less than two months, bottoming out at $0.43.
Similarly, following an RSI spike above 70 in November 2023, XRP fell by 33.6% over the next several weeks, retreating from $0.65 to $0.43.
XRP/USD daily price chart. Source: TradingView
Current price levels also align with Fibonacci retracement extensions. XRP's recent breakout surpassed the 2.618 Fibonacci extension near $1.09, now proving to be a strong resistance level, and raising XRP’s potential to drop toward the $1 level, which coincides with the 1.618 Fibonacci extension, by December.
If a correction occurs, the $1 psychological level could act as a short-term floor. A deeper pullback, however, may revisit the 50-day exponential moving average (EMA) near $0.85, aligning with previous Fibonacci support levels.
Interestingly, XRP’s correction coincides with a slight drop in the supply held by its richest investors, namely those holding over 100,00 tokens.
XRP supply in addresses with balance over 100,000 tokens. Source: Messari
A decline in whale holdings could indicate a shift from an accumulation phase to a distribution phase. Whales often accumulate tokens during periods of consolidation or low volatility. When prices spike, they distribute their holdings to retail buyers chasing the rally.
XRP long-term metrics hint at bullish momentum
Switching to weekly price chart shows XRP in a long-term uptrend stage after breaking out of its giant symmetrical triangle pattern.
Notably, XRP broke out of the triangle pattern in late October for the first time in seven years. This technical move resembles a similar breakout that preceded XRP’s historic 43,650% rally in 2017-2018.
XRP/USD six-week price performance. Source: TradingView
The current breakout also displays similar fractal behavior, with XRP reclaiming key levels at the 0.5 Fibonacci retracement (~$1.78) and now targeting higher extensions.
If the fractal holds true, XRP could attempt to retest its 2018 peak near $3.41, while a long-term projection could target the 4.236 level at $13.93.
Fundamentals support a prolonged bull run.
For instance, Donald Trump’s reelection could assist ending the long-running SEC versus Ripple battle. Additionaly, Ripple’s recent partnership with UK-based FCA-regulated digital asset exchange Archax to launch a tokenized money market fund on the XRP Ledger could further boost XRP adoption.
However, the 6-week RSI has climbed to 70, a threshold that historically precedes short-term corrections or periods of consolidation. A pullback to retest the triangle's upper trendline, now near $1.00, cannot be ruled out. The $1 target aligns with the daily chart analysis above.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Overbought XRP signals 25% dump by December
XRP’ss relative strength index (RSI) levels has been above 70 on the daily chart throughout November, signaling potential exhaustion of its ongoing uptrend.
Historical data highlights XRP's tendency to correct sharply after reaching overbought RSI levels. For instance, in June 2023, XRP's daily RSI surpassed 85 during a rally to $0.82, after which the price dropped by 46.5% in less than two months, bottoming out at $0.43.
Similarly, following an RSI spike above 70 in November 2023, XRP fell by 33.6% over the next several weeks, retreating from $0.65 to $0.43.
XRP/USD daily price chart. Source: TradingView
Current price levels also align with Fibonacci retracement extensions. XRP's recent breakout surpassed the 2.618 Fibonacci extension near $1.09, now proving to be a strong resistance level, and raising XRP’s potential to drop toward the $1 level, which coincides with the 1.618 Fibonacci extension, by December.
If a correction occurs, the $1 psychological level could act as a short-term floor. A deeper pullback, however, may revisit the 50-day exponential moving average (EMA) near $0.85, aligning with previous Fibonacci support levels.
Interestingly, XRP’s correction coincides with a slight drop in the supply held by its richest investors, namely those holding over 100,00 tokens.
XRP supply in addresses with balance over 100,000 tokens. Source: Messari
A decline in whale holdings could indicate a shift from an accumulation phase to a distribution phase. Whales often accumulate tokens during periods of consolidation or low volatility. When prices spike, they distribute their holdings to retail buyers chasing the rally.
XRP long-term metrics hint at bullish momentum
Switching to weekly price chart shows XRP in a long-term uptrend stage after breaking out of its giant symmetrical triangle pattern.
Notably, XRP broke out of the triangle pattern in late October for the first time in seven years. This technical move resembles a similar breakout that preceded XRP’s historic 43,650% rally in 2017-2018.
XRP/USD six-week price performance. Source: TradingView
The current breakout also displays similar fractal behavior, with XRP reclaiming key levels at the 0.5 Fibonacci retracement (~$1.78) and now targeting higher extensions.
If the fractal holds true, XRP could attempt to retest its 2018 peak near $3.41, while a long-term projection could target the 4.236 level at $13.93.
Fundamentals support a prolonged bull run.
For instance, Donald Trump’s reelection could assist ending the long-running SEC versus Ripple battle. Additionaly, Ripple’s recent partnership with UK-based FCA-regulated digital asset exchange Archax to launch a tokenized money market fund on the XRP Ledger could further boost XRP adoption.
However, the 6-week RSI has climbed to 70, a threshold that historically precedes short-term corrections or periods of consolidation. A pullback to retest the triangle's upper trendline, now near $1.00, cannot be ruled out. The $1 target aligns with the daily chart analysis above.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Got airdropped some from Binance, for free. Looks good so far!
Today I buy THE coins when price was 0.8
and sell it at price of 1.4 and now price is 4 🥲🥲🥲🥲
and sell it at price of 1.4 and now price is 4 🥲🥲🥲🥲
At least he didn't pay for a pizza with it.
This is Kristoffer Koch.
In 2009, he bought 5,000 #Bitcoin for $25
In 2013, he sold them to buy an $100k apartment.
Today, they'd be worth $491 million
💀
$BTC $ETH $XRP
In 2009, he bought 5,000 #Bitcoin for $25
In 2013, he sold them to buy an $100k apartment.
Today, they'd be worth $491 million
💀
$BTC $ETH $XRP
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