💰 Ripple Valuation Hits $11.3 Billion, Holding $25B in Crypto Like XRP🚀🔒
Exciting news in the crypto realm! Ripple, the prominent payment firm, has made strategic moves to repossess sold shares, propelling its valuation to a staggering $11.3 billion. 🌐 Notably, Ripple's crypto portfolio stands robust at an impressive $25 billion, with XRP taking the lead.
1. Ripple Valuation Touches $11.3 Billion Through Share Buyback
Anonymous sources have confirmed that Ripple is set to acquire $285 million worth of shares from early investors and employees in a targeted buyback initiative. This "tender offer" not only values Ripple at $11.3 billion but showcases a controlled approach, allowing investors to sell up to a maximum of 6% of their stake.
💡 Insights: Ripple's commitment to regular share buybacks aims to provide liquidity for investors, offering a glimpse into the company's financial strategy.
2. No Immediate IPO Plans: Regulatory Caution Prevails
Despite market expectations, Ripple CEO Brad Garlinghouse clarified that there are no immediate plans for an initial public offering (IPO) in the U.S. Regulatory uncertainties, especially amid an ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), drive this cautious approach.
🛡️ Regulatory Challenges: Garlinghouse highlights the need for regulatory clarity before pursuing an IPO, citing ongoing legal battles with the SEC as a key hurdle.
3. Ripple's Robust Financial Standing Revealed
In a confirmation statement, Garlinghouse disclosed Ripple's financial prowess, boasting a cash reserve exceeding $1 billion. Additionally, Ripple holds a crypto portfolio valued at $25 billion, with XRP dominating the portfolio.
🔐 Crypto Portfolio Strength: Ripple's $25 billion crypto portfolio, including a substantial stash of XRP, showcases resilience and strategic financial planning.
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🚀 XRP Targets $11, $33 and $220 With Gamma-Ray Burst🌌💹
Hold onto your seats, crypto enthusiasts! EGRAG, a seasoned market analyst, has unleashed a bullish forecast for XRP that could send shockwaves through the crypto sphere. 📈✨ Let's unravel the cosmic analysis and potential targets for XRP's stratospheric journey.
📊 Gamma-Ray Burst and XRP's Galactic Surge!
EGRAG, the chartist extraordinaire, unveils an astronomical prediction for XRP's price trajectory. Drawing a parallel to the energy unleashed in a gamma-ray burst (GRB), EGRAG suggests that XRP's impending price explosion might match the intensity of this celestial phenomenon. Buckle up for a ride through the cosmos as XRP gears up for a seismic shift!
💥 Gamma-Ray Burst Explained: A highly energetic explosion releasing a colossal amount of gamma-ray radiation. EGRAG likens this to the potential unleashed in XRP's future surge.
🚀 2017 Redux: XRP Aims to Recreate History!
Drawing inspiration from the 2017 rally, EGRAG believes XRP could stage a comeback reminiscent of its historical performance. Despite underperforming in the early stages of the current market phase, XRP is gearing up for a spectacular rally, mirroring the 110,466% surge from $0.0030 to an all-time high of $3.31 in January 2018.
🌐 Potential XRP Price Targets: A Cosmic Odyssey!
EGRAG doesn't hold back in setting ambitious Fibonacci targets for XRP, foreseeing a trajectory that includes: $1.20: Reclaiming the $1 territory.$2.2 and $5.8: Paving the way for new milestones.$11, $33, and $220: Sky-high goals that could redefine XRP's all-time high.
🔮 EGRAG's Insight: While concerns about XRP's underperformance loom, the analyst sees parallels with 2017, hinting at an imminent cosmic rally.
💡 Don't Miss the Crypto Odyssey: Strap in for XRP's Galactic Journey! 🚀🌌
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With a Gamma-Ray Burst, the Price of XRP Could Reach $200, According to a Crypto Analyst
A technical analysis that was published by a crypto analyst on X implies that there is a possibility that the price of XRP might skyrocket to as high as $220. The analyst draws a striking similarity between this possible spike with the astronomical occurrence that is known as a Gamma-Ray Burst (GRB). The GRB comparison is used in financial charting to describe a rise in price that is associated with a substantial size and quickness. This surge is comparable to the strong energy release that occurs during a cosmic GRB. For his prediction, he used the Fibonacci Channel, often known as the Fib Channel. This is a technical analysis technique that traders use to determine probable levels of support and resistance based on the Fibonacci sequence. First, a trendline is drawn between two extreme points, which are normally a high and a low. Next, the vertical distance between the two points is divided by the important Fibonacci ratios. This is how a Fibonacci Channel is built. These levels are lines that run parallel to one another across the chart and have the potential to serve as markers for price objectives or the beginning of reversals. Goals for the Price of Cosmic XRP These Fibonacci levels are seen on the one-month chart of XRP/USD that was provided by Egrag on X. In his analysis of the present price levels, Egrag makes the following observation: "Reflecting on XRP's potential to mirror its trajectory in 2017, the analysis reveals crucial figures within The Fib Channel." On the basis of this, the important future price points are as follows: $2.2 (0.236 Fib), $5.8 (0.382 Fib), $11 (0.5 Fib), $33 (0.702 Fib), and eventually, the zenith at $220 (1.0 Fib).
Deposit Match of 200% at No Know Your Customer Casino and Sportsbook This is ROLR.IO. In addition, the study finds the two "Bull Market Lines" on the chart, which have had a significant role in the price movements of XRP in the past. Based on Egrag's study, it is anticipated that these lines will appear for a third time, which might be an indication of a new upward trend. The first time we came into contact with it was in March of 2017, when the price of XRP surpassed the preliminary "bull market line." From a low of $0.005 to its current all-time high of $3.30, the price of XRP saw a staggering increase of 60,000%. In addition, this now serves as the beginning point for the second "bull market line," with the second connection point of this line being determined from the high point that it reached in April 2021, which was $1.97. According to Egrag, in order for the price of XRP to cross the "Bull Market Line – 2," it is now necessary for the price to surpass the $1.20 level. The Simple Moving Average (SMA) and the 24 SMA on the one-month chart might cross each other, which would be an indication of this possible impulse. According to Egrag, "Once the bullish cross happens, almost one month later, the XRP bull run starts," which is in line with the historical price movements that are highlighted on the chart as "Cross 1" and "Cross 2." A similar crossing is anticipated to occur in the near future, according to the expert, who forecasts a transition from a negative market to a bullish market. The crossover took place between the end of December 2023 and the beginning of January 2024, which is an important fact to note. A rallying cry is added to the XRP community via Egrag's comments on the social network X, which is as follows: The transition from red to blue, and then finally to green, is on the horizon, thus the XRP Army asks that you be calm and get ready. There is going to be a GRB Event." There is still a need for the momentum to become bullish. In conclusion, Egrag's study provides a positive case for the alternative cryptocurrency. It does so by providing specific price predictions and technical indicators that may serve as a guide for probable future moves. However, investors are encouraged to approach the market analysis with care and to undertake their own research, just as they would with any other market analysis.
In recent months, the price of XRP has not performed very well. The price has completely erased all of its gains, despite the fact that Ripple was victorious in the XRP litigation. Additionally, at the time of this publication, the price of XRP was trading below the 200-day exponential moving average (EMA), which is referred to as the "bull line" in technical analysis. #XRP #RippleUpdate #crypto2024 $XRP
Ripple’s XRP has seen a notable increase in the number of its wallets, surpassing a specific milestone.
This achievement aligns with a rise in the overall number of executed XRP transactions since the beginning of the current year.
Ripple faces significant legal challenges in the upcoming months, with major trials scheduled and partial court victories already secured last year.
Ripple (XRP) Surpasses an Important Milestone
Ripple’s XRP has recently reached a major achievement in terms of address count. According to rich-list, the number of XRP wallets exceeded the 5 million mark after a significant uptrend throughout 2023. Recall that the figure stood at approximately 4 million at the start of last year.
The development signals a growing user base and wider adoption of the asset, which might fuel additional investor confidence.
Surpassing the aforementioned milestone coincides with an overall rise in executed XRP transactions as of late. The figure has stood at well above 5 million since the start of the new year.
2024 Could be a Pivotal Year for Ripple
The aforementioned milestone is just the beginning of a series of upcoming developments for Ripple this year. The company’s most important event in the following months is arguably associated with the lawsuit against the United Securities and Exchange Commission (SEC).
The lengthy legal battle has its grand trial scheduled for April 23. Currently, Ripple seemingly has the upper hand, securing three vital (yet partial) court victories last year.
The firm is also involved in another lawsuit, known as Zakinov v Ripple Labs. Its trial has been postponed numerous times in the past several years and is expected to start on April 15, 2024. A motion hearing that aims to approve the form and manner of class notice is set for January 11.
The Zakinov v Ripple Labs case shares similarities with the SEC lawsuit since both plaintiffs accused Ripple of selling XRP as an unregistered security.
The post Ripple (XRP) Achieves a Major Milestone: Details appeared first on CryptoPotato.
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XRP Price Could Surge 4,720% Next Cycle, Popular Crypto Analyst Suggests
The price of the native token of the XRP Ledger, XRP, went up over 48% to $0.56 over the past year amid a wider cryptocurrency market recovery, but a cryptocurrency analyst has now suggested it could keep climbing to potentially reach $27 per token, an increase of 4,720%. According to popular cryptocurrency analyst Egrag Crypto, XRP’s “unparalleled legal regulatory clarity” means it “seems promising” to look at the potential for XRP’s price to surge by 40x or even 50x, surpassing its growth of the last market cycle. In a post shared on the microblogging platform X (formerly known as Twitter) with their over 40,000 followers, Egrag Crypto noted that Ripple’s legal victories over the U.S. Securities and Exchange Commission (SEC). In 2020, Ripple faced a lawsuit from the SEC for supposedly breaching U.S. securities regulations by selling XRP without first registering with the agency. Judge Analise Torres determined that XRP was indeed a security when Ripple initially sold it to institutional investors, but not when it was sold to the general public. Judge Torres’ primary reasoning was that institutional investors who purchased XRP from Ripple likely understood that it possessed certain characteristics of a security. However, this information was not necessarily available to those who acquired XRP through cryptocurrency exchanges. To Egrag Crypto, XRP can now parallel the previous gains of Bitcoin and Ethereum, to potentially hit a high of $27. Nevertheless, the analyst pointed to a number of possibilities that also include a 40x to 50x leap, which would bring XRP to $11 or $14. XRP 40X EASY:
Last cycle, despite the pesky #SEC lawsuit, XRP almost 20X. This time, with its unparalleled legal regulatory clarity, the potential for a 40X or even 50X boom seems promising!
Let's crunch some numbers from the cycle low to visualize the possibilities:… pic.twitter.com/SayC9gsJkv— EGRAG CRYPTO (@egragcrypto) January 3, 2024 As CryptoGlobe reported, last month a popular cryptocurrency analyst suggested XRP could soon outperform the flagship cryptocurrency Bitcoin (BTC) and surge as much as 1,500% against it if it breaks through a key level. Per his words, it appears to be a “matter of time for XRP to make a 88%+ move” against the flagship cryptocurrency, which would see the cryptocurrency greatly outperform Bitcoin. The analyst added that a break and hold above the major resistance at around 0.000027 BTC, then XRP could surge as much as 1,500% against Bitcoin. Earlier, another popular analyst recently suggested that a “parabolic move is imminent” for the native token of the XRP Ledger, over a rare bullish pattern that was formed on the cryptocurrency’s price charts. $XRP #XRP