XRP.
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Exclusive Interview: Ripple CTO Discusses XRP's Omission from Security Token List
#Ripple CTO Schwartz has reacted to a list officially released by CoinGecko, which mentions tokens alleged to be securities by the SEC, with the absence of #XRP.
Read more on: https://thecryptobasic.com/2023/08/09/ripple-cto-responds-to-exclusion-of-xrp-in-list-of-alleged-security-tokens/
#crypto #crypto2023
Read more on: https://thecryptobasic.com/2023/08/09/ripple-cto-responds-to-exclusion-of-xrp-in-list-of-alleged-security-tokens/
#crypto #crypto2023
2020 was one of the toughest year for Altaaf. He had just $5,000 with him and a girlfriend who loves to live a lavish lifestyle.
Altaaf had to decide between investing his money in crypto, and him spending on his girlfriend. He decided to invest in crypto and went for $EGLD over #XRP.
He got 714 units of EGDL at an average price of $7 and held the tokens. Meanwhile, his girlfriend left him. In her words, he was a "broke guy who can't afford me."
By 2021, when #EGLD was worth $345 before making an all-time high, Altaaf sold all his holdings for a cool $246,000. In less than a year after his girlfriend left him, he "made it," so to speak. She wanted to come back, but Altaaf wouldn't allow her.
But take note and learn from what Altaaf did.
🔸He was able to set his priorities right.
🔸He bought what he had high conviction in.
🔸He didn't paper-hand his bags.
🔸And most importantly, he took profits when he could. He didn't bag hold all the way up and down.
What can you learn from Altaaf?
Altaaf had to decide between investing his money in crypto, and him spending on his girlfriend. He decided to invest in crypto and went for $EGLD over #XRP.
He got 714 units of EGDL at an average price of $7 and held the tokens. Meanwhile, his girlfriend left him. In her words, he was a "broke guy who can't afford me."
By 2021, when #EGLD was worth $345 before making an all-time high, Altaaf sold all his holdings for a cool $246,000. In less than a year after his girlfriend left him, he "made it," so to speak. She wanted to come back, but Altaaf wouldn't allow her.
But take note and learn from what Altaaf did.
🔸He was able to set his priorities right.
🔸He bought what he had high conviction in.
🔸He didn't paper-hand his bags.
🔸And most importantly, he took profits when he could. He didn't bag hold all the way up and down.
What can you learn from Altaaf?
XRP Investment Potential: Strong Partnerships and Risk Management
Ripple’s partnerships with Santander, American Express, SBI Holdings, and MoneyGram highlight the growing adoption of XRP for cross-border transactions.
These partnerships enable fast, low-cost international payments and enhance the efficiency of financial services.
Investing in #XRP requires a risk-managed approach, considering market volatility and regulatory changes.
XRP, the digital asset associated with Ripple, presents an enticing investment opportunity with its strong partnerships and risk-managed approach. Ripple’s collaborations with industry giants such as Santander, American Express, SBI Holdings, and MoneyGram have cemented XRP’s position as a preferred choice for streamlined cross-border transactions, offering investors the potential for favorable returns.
One prominent partnership is with Santander, a leading European bank, which has integrated Ripple’s technology into its international payment system. This integration facilitates fast and cost-effective transactions, enhancing the efficiency and speed of cross-border payments for Santander’s customers. Similarly, American Express leverages Ripple’s technology to provide instant and traceable cross-border payments, improving the overall effectiveness of their financial services.
Another significant collaboration is with SBI Holdings, a prominent financial services company in Japan. Together, they launched SBI Ripple Asia, a joint venture aimed at revolutionizing the Asian financial market through the utilization of XRP for cross-border transactions. This partnership signifies the growing recognition of XRP’s value within the Asian financial landscape.
Ripple has also formed a strategic alliance with MoneyGram, a global money transfer company. Through this partnership, Ripple’s technology is integrated into MoneyGram’s infrastructure, enabling faster remittances and reduced costs for users. These partnerships not only showcase the increasing adoption of XRP but also underscore its potential to reshape cross-border transaction processes.
While #XRP presents exciting investment opportunities, it’s important to acknowledge the inherent risks associated with cryptocurrencies. Market volatility and regulatory changes can impact the performance of digital assets, including #XRP. Therefore, investors should adopt a risk-managed approach, diversify their portfolios, and seek guidance from financial advisors to develop a well-informed investment strategy.
Staying updated with the latest news and developments surrounding XRP is crucial. Monitoring Ripple’s partnerships, regulatory updates, and market trends will empower investors to make informed choices and optimize their investment decisions. Diligent research and a risk-managed approach are vital components of a successful investment journey.
#universalcryptoworld #GOATMoments
These partnerships enable fast, low-cost international payments and enhance the efficiency of financial services.
Investing in #XRP requires a risk-managed approach, considering market volatility and regulatory changes.
XRP, the digital asset associated with Ripple, presents an enticing investment opportunity with its strong partnerships and risk-managed approach. Ripple’s collaborations with industry giants such as Santander, American Express, SBI Holdings, and MoneyGram have cemented XRP’s position as a preferred choice for streamlined cross-border transactions, offering investors the potential for favorable returns.
One prominent partnership is with Santander, a leading European bank, which has integrated Ripple’s technology into its international payment system. This integration facilitates fast and cost-effective transactions, enhancing the efficiency and speed of cross-border payments for Santander’s customers. Similarly, American Express leverages Ripple’s technology to provide instant and traceable cross-border payments, improving the overall effectiveness of their financial services.
Another significant collaboration is with SBI Holdings, a prominent financial services company in Japan. Together, they launched SBI Ripple Asia, a joint venture aimed at revolutionizing the Asian financial market through the utilization of XRP for cross-border transactions. This partnership signifies the growing recognition of XRP’s value within the Asian financial landscape.
Ripple has also formed a strategic alliance with MoneyGram, a global money transfer company. Through this partnership, Ripple’s technology is integrated into MoneyGram’s infrastructure, enabling faster remittances and reduced costs for users. These partnerships not only showcase the increasing adoption of XRP but also underscore its potential to reshape cross-border transaction processes.
While #XRP presents exciting investment opportunities, it’s important to acknowledge the inherent risks associated with cryptocurrencies. Market volatility and regulatory changes can impact the performance of digital assets, including #XRP. Therefore, investors should adopt a risk-managed approach, diversify their portfolios, and seek guidance from financial advisors to develop a well-informed investment strategy.
Staying updated with the latest news and developments surrounding XRP is crucial. Monitoring Ripple’s partnerships, regulatory updates, and market trends will empower investors to make informed choices and optimize their investment decisions. Diligent research and a risk-managed approach are vital components of a successful investment journey.
#universalcryptoworld #GOATMoments
#XRP🚀 #RippleUpdate #Write2Earn
Yesterday Jeff Bezos Sells $4 Billion of Amazon Stock and buys #XRP. This is a very good news for XRP holders.
Most people are not ready for what happens next. My opinion is #XRP will be pumping hard. Let's wait and see.
Disclaimer: I'm not a financial advisor. I just share market update and news to everyone. Pls buy and sell at your own risk.
Yesterday Jeff Bezos Sells $4 Billion of Amazon Stock and buys #XRP. This is a very good news for XRP holders.
Most people are not ready for what happens next. My opinion is #XRP will be pumping hard. Let's wait and see.
Disclaimer: I'm not a financial advisor. I just share market update and news to everyone. Pls buy and sell at your own risk.
📊Coinshares : Cryptocurrency Financial Flows Report. (Outflows continue for the third week in a row)
🩸Capital outflows from the crypto industry for the week = $435 million!
🩸Outflows from cryptocurrencies related to #BTC = $423 million.
🩸Capital outflows from cryptocurrencies related to #ETH = $38.4 million.
💵Last week saw minor capital inflows into cryptocurrencies related to #SOL, #DOT, #LTC #ADA, and #XRP.
#Fed #Megadrop #NFP #Memecoins
🩸Capital outflows from the crypto industry for the week = $435 million!
🩸Outflows from cryptocurrencies related to #BTC = $423 million.
🩸Capital outflows from cryptocurrencies related to #ETH = $38.4 million.
💵Last week saw minor capital inflows into cryptocurrencies related to #SOL, #DOT, #LTC #ADA, and #XRP.
#Fed #Megadrop #NFP #Memecoins
Rising Trend: South Korean Youth Flock to XRP as Preferred Cryptocurrency
Reports show South Korean investors in their 20s prefer to invest in #XRP. A new report has drawn comparisons between different age groups of South Korean investors and their investment in crypto, revealing that 20.7% of investors in their 20s prefer XRP over other digital assets.
Read more on: https://thecryptobasic.com/2023/08/23/new-report-shows-xrp-most-favorite-in-south-korea-youth/
#Ripple #crypto #crypto2023
Read more on: https://thecryptobasic.com/2023/08/23/new-report-shows-xrp-most-favorite-in-south-korea-youth/
#Ripple #crypto #crypto2023
Rivals Follow in Resuming XRP Trading
CryptosHeadlines.com - The Leading Crypto Research Network:
Coinbase, Crypto.com, and Kraken Pro resume XRP trading while Gemini explores relisting, following a mixed court ruling that partially favors Ripple in its legal battle with regulators.
More crypto exchanges resume XRP trading as US judge delivers mixed ruling in Ripple’s legal battle with regulators.
Crypto.com and Kraken Pro announce relisting of #XRP on their platforms, signaling its return to trading.
Numerous U.S. exchanges suspended XRP trading after the SEC’s lawsuit against Ripple Labs in late 2020. However, following yesterday’s mixed ruling, several exchanges are now resuming XRP trading, with industry observers hailing it as a significant sector triumph.
Crypto.com tweeted, offering XRP purchases with various fiat currencies at true cost, while Kraken Pro announced on Twitter that XRP has fully resumed trading on their platform.
Gemini crypto exchange announced its consideration of relisting XRP following the court ruling. In a tweet, Gemini stated that they are exploring the listing of XRP for spot and derivatives trading, given the ruling that XRP sales are not considered securities.
Coinbase, the leading U.S. crypto exchange, announced the reinstatement of XRP trading. Chief Legal Officer Paul Grewal tweeted that they have reviewed the court decision and their analysis, stating that it is now time to relist #XRP.
Despite the recent mixed ruling from the Southern District Court of New York in the SEC vs. Ripple lawsuit, uncertainty surrounding XRP’s status remains. The case may proceed to trial or be subject to further appeals, indicating that the dispute is far from over.
Is it the right time to start trading XRP again?
Judge Analisa Torres’ ruling clarified that while some of Ripple’s sales of XRP did not qualify as securities offerings, sales to institutional buyers were deemed unlawful. This has led exchanges to feel confident in relisting and trading XRP, considering the current ruling and the token’s ‘not a security’ characterization.
According to Youwei Yang, chief economist of Bit Mining, exchanges tend to open trading for popular coins quickly to capitalize on volatility and excitement, as increased transaction volume and fees result from greed and fear.
Yang believes that despite potential legal risks, exchanges and participants are optimistic about the potential returns outweighing the fines and lawsuits associated with Ripple’s perceived success.
Jeff Mei, COO of BTSE exchange, expressed a more positive view, considering the ruling as a significant victory for the industry and offering clarity on the status of digital assets.
Jeff Mei further noted that the SEC has initiated numerous enforcement actions against cryptocurrencies, often based on whether tokens qualify as securities. Many of these cases have resulted in settlements.
While the Ripple and Coinbase cases primarily address registration requirements and the classification of digital assets as securities under U.S. law, the ruling’s implications are expected to benefit other firms engaged in legal battles with the SEC concerning the classification of their products in the United States.
Wayne Huang, CEO and co-founder of XREX exchange based in Taipei, stated that the ruling provided a positive signal for many exchanges, particularly those catering to U.S. investors, suggesting that it could be permissible to list or relist XRP. Huang emphasized that the court’s decision serves as a defense mechanism for the industry to combat unfair law enforcement practices.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#ripple #XRP $XRP
Coinbase, Crypto.com, and Kraken Pro resume XRP trading while Gemini explores relisting, following a mixed court ruling that partially favors Ripple in its legal battle with regulators.
More crypto exchanges resume XRP trading as US judge delivers mixed ruling in Ripple’s legal battle with regulators.
Crypto.com and Kraken Pro announce relisting of #XRP on their platforms, signaling its return to trading.
Numerous U.S. exchanges suspended XRP trading after the SEC’s lawsuit against Ripple Labs in late 2020. However, following yesterday’s mixed ruling, several exchanges are now resuming XRP trading, with industry observers hailing it as a significant sector triumph.
Crypto.com tweeted, offering XRP purchases with various fiat currencies at true cost, while Kraken Pro announced on Twitter that XRP has fully resumed trading on their platform.
Gemini crypto exchange announced its consideration of relisting XRP following the court ruling. In a tweet, Gemini stated that they are exploring the listing of XRP for spot and derivatives trading, given the ruling that XRP sales are not considered securities.
Coinbase, the leading U.S. crypto exchange, announced the reinstatement of XRP trading. Chief Legal Officer Paul Grewal tweeted that they have reviewed the court decision and their analysis, stating that it is now time to relist #XRP.
Despite the recent mixed ruling from the Southern District Court of New York in the SEC vs. Ripple lawsuit, uncertainty surrounding XRP’s status remains. The case may proceed to trial or be subject to further appeals, indicating that the dispute is far from over.
Is it the right time to start trading XRP again?
Judge Analisa Torres’ ruling clarified that while some of Ripple’s sales of XRP did not qualify as securities offerings, sales to institutional buyers were deemed unlawful. This has led exchanges to feel confident in relisting and trading XRP, considering the current ruling and the token’s ‘not a security’ characterization.
According to Youwei Yang, chief economist of Bit Mining, exchanges tend to open trading for popular coins quickly to capitalize on volatility and excitement, as increased transaction volume and fees result from greed and fear.
Yang believes that despite potential legal risks, exchanges and participants are optimistic about the potential returns outweighing the fines and lawsuits associated with Ripple’s perceived success.
Jeff Mei, COO of BTSE exchange, expressed a more positive view, considering the ruling as a significant victory for the industry and offering clarity on the status of digital assets.
Jeff Mei further noted that the SEC has initiated numerous enforcement actions against cryptocurrencies, often based on whether tokens qualify as securities. Many of these cases have resulted in settlements.
While the Ripple and Coinbase cases primarily address registration requirements and the classification of digital assets as securities under U.S. law, the ruling’s implications are expected to benefit other firms engaged in legal battles with the SEC concerning the classification of their products in the United States.
Wayne Huang, CEO and co-founder of XREX exchange based in Taipei, stated that the ruling provided a positive signal for many exchanges, particularly those catering to U.S. investors, suggesting that it could be permissible to list or relist XRP. Huang emphasized that the court’s decision serves as a defense mechanism for the industry to combat unfair law enforcement practices.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#ripple #XRP $XRP
🏛️ The U.S. SEC has expressed its intention to appeal a recent ruling in favor of Ripple. The decision in question was related to Judge Torres' summary judgment that XRP, when sold on exchanges last month, wasn't a security. In their argument, the SEC referenced another case involving Terraform Labs, pointing out that the precedent set by Judge Torres was not applied. If their interlocutory appeal succeeds, the SEC believes that further trials would be unnecessary. They've asked Ripple to respond by August 16th. This move by the SEC was anticipated, according to James Filan, a former U.S. prosecutor and current attorney. ⚖️🔗 #SEC #Ripple #XRP.
XRP Price Set To Spike As Ripple Enters Another $1.5 Trillion Industry
Global crypto payments provider Ripple is poised to venture into a substantial $1.5 trillion industry, signaling a potential surge for #XRP. The company is strategically positioning itself to provide solutions to the financial complexities within this industry.In a recent Wednesday report published on X (formerly Twitter), Ripple, a blockchain-based digital payments network, revealed its latest expansion target to be the $1.5 trillion IT industry. The crypto network has envisioned a transformative role for Ripple in the IT industry where difficulties with cross-border payments and other financial challenges have long persisted. “97% of payments leaders believe blockchain and digital assets will have a significant role in enabling faster payments within the next three years. In our latest payments guide, discover how to accelerate global payments for an IT services business,” Ripple stated. While Ripple expressed its ambition to extend into this thriving industry, the crypto payments provider also outlined several ways IT service providers can utilize blockchain-based payments to overcome their financial problems. According to Ripple, by using blockchain technology, many IT services can easily streamline payments to suppliers overseas. Additionally, blockchain-based payments can effectively solve issues like slow and expensive international wire transfers, high transaction fees, restrictive banking hours, and a lack of transparency. While Ripple anticipates the IT industry to hit $1.5 trillion by 2024, the crypto payments provider has also expanded its focus to other sectors. In November 2023, Ripple announced its intention to dominate the $300 trillion payments sector.This strategic expansion aligns with the company’s vision to revolutionize the traditional finance system and could serve as a catalyst to trigger a long-awaited surge in XRP prices. Ripple’s possible entry into a trillion-dollar industry comes as a ray of hope for XRP ‘hodlers’ who have been waiting years to see a significant shift in the price of XRP. If Ripple’s advanced payment technology successfully becomes integrated into the vast IT industry, demand for its native token, XRP may rise.Since 2023 till date, XRP has been unable to break resistance to reach the $1 price mark. However, Ripple’s move into a multi-trillion dollar market could lead to broader adoption of the cryptocurrency, potentially pushing XRP’s price to values predicted by various crypto analysts in the industry. At the time of writing, XRP is trading at 0.5771 according to CoinMarketCap. The cryptocurrency is still trading miles below its all-time high of $3.84 in 2018. Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.$XRP #2024withBinance
Relisting of XRP on Multiple Exchanges Including Binance US- Price Up 87%
CryptosHeadlines.com - The Leading Crypto Research Network:
BinanceUS and Crypto.com will relist XRP, following Ripple’s victory against the US SEC. Coinbase and other exchanges are also relisting XRP.
Following Ripple’s significant legal victory against the US Securities and Exchange Commission (SEC), major US crypto exchanges like Coinbase, Gemini, and Kraken have swiftly announced the relisting of XRP.
Additionally, Binance.US and Crypto.com have also confirmed their plans to relist XRP. As a result, the price of #XRP has surged by an impressive 87% within the past 24 hours.
BinanceUS and Crypto.com add XRP to their listings:
On July 14, BinanceUS made an announcement that XRP is now available for trading on their platform. Users can deposit XRP and begin trading the XRP/USDT pair. The trading started at 6 AM PDT / 9 AM EDT. BinanceUS also shared the news on Twitter to inform the broader crypto community about the relisting of XRP.
Ripple’s XRP aims to make cross-border transactions easier and faster by enabling institutions to transfer value with minimal friction.
Crypto.com joined other prominent crypto exchanges like Coinbase, Kraken, and Gemini in relisting #XRP. They expressed their optimism with the statement “Fortune has Favored the Brave!” According to a tweet on July 14, users can now trade XRP with various fiat currencies, including USD, EUR, GBP, and over 20 others.
Deposits and withdrawals for XRP are already available. Kris Marszalek, the CEO of Crypto.com, also used Twitter to engage with the community and share the news.
XRP price surges 87% after Ripple wins lawsuit against SEC:
After the Southern District Court of New York ruled that XRP is not a security, the price of XRP soared by 60% in just a few hours. The court stated that the sales of Ripple’s XRP and other distributions were not classified as the sale of investment contracts.
However, it was noted that the institutional sale of XRP could be considered as investment contracts and might violate securities laws.
Currently, the price of XRP is $0.78, with a significant increase of 87% in the past 24 hours. The lowest price within that timeframe was $0.47, while the highest reached $0.88. In addition, trading volume has surged by 1700%, and the market capitalization has grown by 66% in the span of 24 hours.
In 2023, the XRP network has experienced a significant surge in whale transactions, surpassing previous records by a large margin. Over the past 24 hours alone, there have been 637 whale transactions on the XRP network, each valued at $100,000 or more.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#RIPPLE $XRP
BinanceUS and Crypto.com will relist XRP, following Ripple’s victory against the US SEC. Coinbase and other exchanges are also relisting XRP.
Following Ripple’s significant legal victory against the US Securities and Exchange Commission (SEC), major US crypto exchanges like Coinbase, Gemini, and Kraken have swiftly announced the relisting of XRP.
Additionally, Binance.US and Crypto.com have also confirmed their plans to relist XRP. As a result, the price of #XRP has surged by an impressive 87% within the past 24 hours.
BinanceUS and Crypto.com add XRP to their listings:
On July 14, BinanceUS made an announcement that XRP is now available for trading on their platform. Users can deposit XRP and begin trading the XRP/USDT pair. The trading started at 6 AM PDT / 9 AM EDT. BinanceUS also shared the news on Twitter to inform the broader crypto community about the relisting of XRP.
Ripple’s XRP aims to make cross-border transactions easier and faster by enabling institutions to transfer value with minimal friction.
Crypto.com joined other prominent crypto exchanges like Coinbase, Kraken, and Gemini in relisting #XRP. They expressed their optimism with the statement “Fortune has Favored the Brave!” According to a tweet on July 14, users can now trade XRP with various fiat currencies, including USD, EUR, GBP, and over 20 others.
Deposits and withdrawals for XRP are already available. Kris Marszalek, the CEO of Crypto.com, also used Twitter to engage with the community and share the news.
XRP price surges 87% after Ripple wins lawsuit against SEC:
After the Southern District Court of New York ruled that XRP is not a security, the price of XRP soared by 60% in just a few hours. The court stated that the sales of Ripple’s XRP and other distributions were not classified as the sale of investment contracts.
However, it was noted that the institutional sale of XRP could be considered as investment contracts and might violate securities laws.
Currently, the price of XRP is $0.78, with a significant increase of 87% in the past 24 hours. The lowest price within that timeframe was $0.47, while the highest reached $0.88. In addition, trading volume has surged by 1700%, and the market capitalization has grown by 66% in the span of 24 hours.
In 2023, the XRP network has experienced a significant surge in whale transactions, surpassing previous records by a large margin. Over the past 24 hours alone, there have been 637 whale transactions on the XRP network, each valued at $100,000 or more.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#RIPPLE $XRP
Enumma Founder Clarifies: "XRP Not a Security" Is Misrepresentation of Court's Ruling on Ripple Case
#Ripple CTO reacts to a legal analysis by an expert who argued that people are misrepresenting Judge Torres’ ruling regarding the security status of #XRP.
Read more on: https://thecryptobasic.com/2023/07/29/enumma-founder-says-xrp-not-a-security-is-misrepresentation-of-courts-ruling-ripple-cto-reacts/
#RippleNews #XRP
Read more on: https://thecryptobasic.com/2023/07/29/enumma-founder-says-xrp-not-a-security-is-misrepresentation-of-courts-ruling-ripple-cto-reacts/
#RippleNews #XRP
XRP, BTC Print Rare Golden Cross: Details
Crypto analysts have spotted a rare occurrence on the Bitcoin and XRP trading charts. This comes as Bitcoin, the biggest #cryptocurrency by market capitalization, prints a golden cross on its three-day charts.
Market analysts note that this rare long-term signal has only flashed twice previously, with this present instance marking the third occasion in BTC history, and in all cases, new all-time highs were hit between 400 and 500 days later.
By definition, a golden cross is a chart pattern that occurs when a very short-term moving average crosses above a long-term moving average.
The golden cross implies the prospect of a long-term bull market emerging, as long-term indicators often carry more weight. High trading volumes tend to strengthen the indicator.
Regardless, some analysts refer to golden crosses as "lagging" indicators, implying that the data required to create the pattern has already happened.
Though the golden cross may indicate a long-term bull market going forward, the truth remains that no indicator can truly predict the future. Many times, an observed golden cross produces a false signal, failing to manifest.
BTC, XRP price action
After swaying for much of the previous day, Bitcoin has steadied back above $29,000. Previously, the market reacted to the DeFi debt crisis caused by Curve Founder Michael Egorov's asset liquidation moves.
According to CoinMarketCap data, the world's largest digital asset was trading at $29,137 at press time, down 1.23% on the day. XRP has dropped 4.50% in the last 24 hours to $0.665, mirroring the general market fall.
Since reaching a high of $0.938 on the back of a positive court judgment on July 13, XRP has slowly dropped. The bulls sought to push a rally that reached highs of $0.853 on July 19, but it failed to hold.
XRP anticipates positive catalysts in the coming days that might see its price target the $1 mark. In positive news, leading cryptocurrency exchange Bitstamp teases significant announcements for #XRP.
Market analysts note that this rare long-term signal has only flashed twice previously, with this present instance marking the third occasion in BTC history, and in all cases, new all-time highs were hit between 400 and 500 days later.
By definition, a golden cross is a chart pattern that occurs when a very short-term moving average crosses above a long-term moving average.
The golden cross implies the prospect of a long-term bull market emerging, as long-term indicators often carry more weight. High trading volumes tend to strengthen the indicator.
Regardless, some analysts refer to golden crosses as "lagging" indicators, implying that the data required to create the pattern has already happened.
Though the golden cross may indicate a long-term bull market going forward, the truth remains that no indicator can truly predict the future. Many times, an observed golden cross produces a false signal, failing to manifest.
BTC, XRP price action
After swaying for much of the previous day, Bitcoin has steadied back above $29,000. Previously, the market reacted to the DeFi debt crisis caused by Curve Founder Michael Egorov's asset liquidation moves.
According to CoinMarketCap data, the world's largest digital asset was trading at $29,137 at press time, down 1.23% on the day. XRP has dropped 4.50% in the last 24 hours to $0.665, mirroring the general market fall.
Since reaching a high of $0.938 on the back of a positive court judgment on July 13, XRP has slowly dropped. The bulls sought to push a rally that reached highs of $0.853 on July 19, but it failed to hold.
XRP anticipates positive catalysts in the coming days that might see its price target the $1 mark. In positive news, leading cryptocurrency exchange Bitstamp teases significant announcements for #XRP.
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3 Szavazatok • Voting closed
#XRP.
Giá XRP đã bị kìm nén từ suốt tháng 10 năm 2023 cho đến giờ, do vướng vụ kiện với SEC, trong khi BTC đã đạt ATH thì XRP vẫn lẹt đẹt phía sau, hiện tại mô hình giá cho thấy giá XRP đang bị nén khá chặc, nó giống như việc bơm áp lực đã nén với áp suốt lớn nhưng các van thì vẫn đóng, và bạn biết rồi đó một khi van áp lực được mở thì không thứ gì có thể cản nổi giá XRP
Hãy chuẩn thị tinh thần van đã sắp được mở
Giá XRP đã bị kìm nén từ suốt tháng 10 năm 2023 cho đến giờ, do vướng vụ kiện với SEC, trong khi BTC đã đạt ATH thì XRP vẫn lẹt đẹt phía sau, hiện tại mô hình giá cho thấy giá XRP đang bị nén khá chặc, nó giống như việc bơm áp lực đã nén với áp suốt lớn nhưng các van thì vẫn đóng, và bạn biết rồi đó một khi van áp lực được mở thì không thứ gì có thể cản nổi giá XRP
Hãy chuẩn thị tinh thần van đã sắp được mở
Breaking 🔥 🚨 🚨 🚨
Judge Analisa Torres's decision is a crucial moment for the future of #XRP.
The clock is ticking, and we're eagerly awaiting the outcome. As #XRPHolders , let's stay positive and hopeful for a favorable decision that will propel XRP to new heights! 🚀💥 #XRPcommunity
🚨 #XRP Price Forecast: JPMorgan Cross-Border Payments Could Drive XRP to $1,000, Analyst says.
➡️ TokenCTF is going to lead the XRPL and I wouldn’t be shocked if it pumped from $0.90 to $748.50 per token! It only takes $20 billion market cap to get there too so it’s not that crazy!
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$XRP #XRPL #realmabbaskhan
Judge Analisa Torres's decision is a crucial moment for the future of #XRP.
The clock is ticking, and we're eagerly awaiting the outcome. As #XRPHolders , let's stay positive and hopeful for a favorable decision that will propel XRP to new heights! 🚀💥 #XRPcommunity
🚨 #XRP Price Forecast: JPMorgan Cross-Border Payments Could Drive XRP to $1,000, Analyst says.
➡️ TokenCTF is going to lead the XRPL and I wouldn’t be shocked if it pumped from $0.90 to $748.50 per token! It only takes $20 billion market cap to get there too so it’s not that crazy!
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❤if you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content. thanks 🙏
$XRP #XRPL #realmabbaskhan
xrp trying to breach this traingle for so long if broke to the upside with huge volume then a pump is coming .....#XRPVSSEC #XRP. #XRP/USDT🔥🔥: #XRP/USDT🔥🔥 #XRP/USDT #$XRP
