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ChatGPT4o Predicts XRP Price if SEC Didn’t Sue Ripple in December 2020
The lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple had a significant impact on the price and perception of XRP. To speculate on the XRP price if the lawsuit never occurred, we consulted Open AI’s most advanced AI-powered chatbot, ChatGPT4o.
In December 2020, the SEC filed a lawsuit against Ripple and its executives, accusing the company of unregistered securities sales with its XRP sales, and accusing its executives of aiding and abetting the sales.
Much has changed since December 2020, and there are many factors to consider when analyzing XRP’s potential trajectory if the SEC never filed the lawsuit.
Market Sentiment and Confidence
According to ChatGPT4o, investor confidence in XRP would likely have been much higher without the lawsuit. Regulatory uncertainty often dampens investor enthusiasm, and in this case, it would have been absent.
The general sentiment around XRP would have been more positive, potentially attracting more retail and institutional investors. The perceived stability and legitimacy of XRP would have been stronger, contributing to a more robust market presence.
Exchange Listings, Partnerships, and Adoption
Following the lawsuit announcement, many exchanges delisted XRP. Without the lawsuit, XRP would have remained listed on more exchanges, making it more accessible to a broader audience and increasing liquidity.
Major exchanges like Uphold have shown consistent support for XRP, but this support only came after the July 2023 ruling that determined that XRP itself was not a security, giving XRP legal clarity.
Ripple has also been working on partnerships with financial institutions and payment providers. The lawsuit slowed down some of these efforts. Without it, Ripple’s partnerships might have expanded more rapidly, positively influencing XRP’s utility and price.
Bull Run Momentum
The crypto bull run of 2021 saw significant gains across the market. XRP did participate in this to some extent but was held back by the lawsuit. Without the legal overhang, ChatGPT4o believes XRP could have experienced higher peaks, potentially surpassing its 2018 all-time high.
Given that XRP reached $1.96 in April 2021 despite the lawsuit, ChatGPT4o stated that without the lawsuit, it could have surpassed its previous all-time high of $3.84, potentially reaching a range of $4-$5.
According to ChatGPT4o, by mid-2024, XRP would have been trading significantly higher than its current price, possibly in the range of $2-$3, if not higher, depending on broader market conditions and ongoing adoption.
Another prominent analyst recently set a lofty target for XRP based on the advantages of the XRP Ledger (XRPL), and XRP has unrivaled potential in the cryptocurrency market. ChatGPT4o’s prediction acknowledges that fact as the main reason for its underperformance is the lawsuit.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
In December 2020, the SEC filed a lawsuit against Ripple and its executives, accusing the company of unregistered securities sales with its XRP sales, and accusing its executives of aiding and abetting the sales.
Much has changed since December 2020, and there are many factors to consider when analyzing XRP’s potential trajectory if the SEC never filed the lawsuit.
Market Sentiment and Confidence
According to ChatGPT4o, investor confidence in XRP would likely have been much higher without the lawsuit. Regulatory uncertainty often dampens investor enthusiasm, and in this case, it would have been absent.
The general sentiment around XRP would have been more positive, potentially attracting more retail and institutional investors. The perceived stability and legitimacy of XRP would have been stronger, contributing to a more robust market presence.
Exchange Listings, Partnerships, and Adoption
Following the lawsuit announcement, many exchanges delisted XRP. Without the lawsuit, XRP would have remained listed on more exchanges, making it more accessible to a broader audience and increasing liquidity.
Major exchanges like Uphold have shown consistent support for XRP, but this support only came after the July 2023 ruling that determined that XRP itself was not a security, giving XRP legal clarity.
Ripple has also been working on partnerships with financial institutions and payment providers. The lawsuit slowed down some of these efforts. Without it, Ripple’s partnerships might have expanded more rapidly, positively influencing XRP’s utility and price.
Bull Run Momentum
The crypto bull run of 2021 saw significant gains across the market. XRP did participate in this to some extent but was held back by the lawsuit. Without the legal overhang, ChatGPT4o believes XRP could have experienced higher peaks, potentially surpassing its 2018 all-time high.
Given that XRP reached $1.96 in April 2021 despite the lawsuit, ChatGPT4o stated that without the lawsuit, it could have surpassed its previous all-time high of $3.84, potentially reaching a range of $4-$5.
According to ChatGPT4o, by mid-2024, XRP would have been trading significantly higher than its current price, possibly in the range of $2-$3, if not higher, depending on broader market conditions and ongoing adoption.
Another prominent analyst recently set a lofty target for XRP based on the advantages of the XRP Ledger (XRPL), and XRP has unrivaled potential in the cryptocurrency market. ChatGPT4o’s prediction acknowledges that fact as the main reason for its underperformance is the lawsuit.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
President Ripple finally speaks out about the RLUSD stablecoin and how it will affect XRP
The president of Ripple, Monica Long, recently addressed the impending stablecoin Real USD and its implications for XRP.
In response to questions about the RLUSD debut, Long said that stablecoin and XRP are useful in tandem.
On Friday, XRP maintains a price over $0.47, edging higher.
On a recent episode of The Block Podcasts, Monica Long, president of Ripple (XRP), answered questions from XRP traders on the debut of the stablecoin. Real USD (RLUSD) is the stablecoin that the payment remittance corporation is planning to introduce in 2024.
The stablecoin's function in the ecosystem, Long's thoughts on the Real World Asset (RWA) story, and the institutional shift toward cryptocurrency were all topics she covered.
Monica Long, president of Ripple, discussed the future of the company's stablecoin Real USD and its connection to XRP.
Long said that the stablecoin "complements" Ripple and is "additive" when questioned about the effects of RLUSD on XRP.
Hence, instead of limiting the usefulness of XRP, Ripple's stablecoin is built to improve the story of cross-border financial remittances and smooth transfers.
Although Ripple's payment solutions will still revolve on XRP, the introduction of RLUSD will serve to supplement the altcoin's functionality, as Long noted.
Since March 11, Ripple's value has been steadily decreasing. The alternative cryptocurrency is having trouble breaking over the $0.50 resistance level and may fall another 5% to the $0.4508 support level, which is the same as the low from June 7.
The closest Fair Value Gap, which may be anywhere from $0.4825 to $0.4841, might be reached by XRP if Ripple starts to rebound. Ripple encounters resistance around $0.4955, the 23.6% Fibonacci retracement of the decline from the $0.7440 high on March 11 to the $0.4188 low on April 13, as it continues to climb towards the psychological barrier at $0.50.
#Ripple #xrp $XRP
The president of Ripple, Monica Long, recently addressed the impending stablecoin Real USD and its implications for XRP.
In response to questions about the RLUSD debut, Long said that stablecoin and XRP are useful in tandem.
On Friday, XRP maintains a price over $0.47, edging higher.
On a recent episode of The Block Podcasts, Monica Long, president of Ripple (XRP), answered questions from XRP traders on the debut of the stablecoin. Real USD (RLUSD) is the stablecoin that the payment remittance corporation is planning to introduce in 2024.
The stablecoin's function in the ecosystem, Long's thoughts on the Real World Asset (RWA) story, and the institutional shift toward cryptocurrency were all topics she covered.
Monica Long, president of Ripple, discussed the future of the company's stablecoin Real USD and its connection to XRP.
Long said that the stablecoin "complements" Ripple and is "additive" when questioned about the effects of RLUSD on XRP.
Hence, instead of limiting the usefulness of XRP, Ripple's stablecoin is built to improve the story of cross-border financial remittances and smooth transfers.
Although Ripple's payment solutions will still revolve on XRP, the introduction of RLUSD will serve to supplement the altcoin's functionality, as Long noted.
Since March 11, Ripple's value has been steadily decreasing. The alternative cryptocurrency is having trouble breaking over the $0.50 resistance level and may fall another 5% to the $0.4508 support level, which is the same as the low from June 7.
The closest Fair Value Gap, which may be anywhere from $0.4825 to $0.4841, might be reached by XRP if Ripple starts to rebound. Ripple encounters resistance around $0.4955, the 23.6% Fibonacci retracement of the decline from the $0.7440 high on March 11 to the $0.4188 low on April 13, as it continues to climb towards the psychological barrier at $0.50.
#Ripple #xrp $XRP
Ripple investors surrender for ninth day as XRP falls below $0.47
Thursday was the ninth straight day of XRP token losses for Ripple investors.
Santiment data shows traders lost $41 million since June 18.
In the previous week, XRP has lost nearly 5% to $0.47.
Ripple (XRP) retains the recent fall at $0.47 Thursday. On-chain data suggests that whales holding 1 million to 10 million XRP distributed their tokens at a loss after the price drop.
The graphic below illustrates that XRP investors lost almost $41 million between June 18 and June 27 based on Santiment on-chain data.
The negative spikes in Network Realized Profit/oLss illustrate XRP traders' nine-day losses. Capitulation occurs when traders consistently lose.
NPL
Different XRP investors responded differently to the price drop. Wallet addresses with 10,000–100,000 XRP tokens and 100,000–1 million coins bought the dip.
Investors with 1–10 million XRP divided their shares at a loss. This phase usually involves capitulation before asset price recovery, as seen in the chart below.
Ripple
Distribution of XRP
In the absence of an SEC vs. Ripple litigation update, traders are analyzing Bitcoin price movements to predict XRP's direction.
In the last week, XRP has dropped roughly 5% to $0.47.
Technical analysis: Ripple losses may extend 3.5%.
Ripple is falling, hovering at $0.47 on Thursday. If the slide continues, XRP may hit $0.4508, the June 7 low. If the cryptocurrency recovers, XRP might fill the Fair Value Gap between $0.4731 and $0.4710 before falling again.
The MACD indicator confirms the bearish thesis with the signal line above the MACD line and the red histogram bars beneath the neutral line. Price momentum is negative for Ripple.
Ripple's close over the Fair Value Gap between $0.4825 and $0.4841 might undermine the bearish argument and propel XRP above $0.4955 barrier.
#XRP #Ripple $XRP
Thursday was the ninth straight day of XRP token losses for Ripple investors.
Santiment data shows traders lost $41 million since June 18.
In the previous week, XRP has lost nearly 5% to $0.47.
Ripple (XRP) retains the recent fall at $0.47 Thursday. On-chain data suggests that whales holding 1 million to 10 million XRP distributed their tokens at a loss after the price drop.
The graphic below illustrates that XRP investors lost almost $41 million between June 18 and June 27 based on Santiment on-chain data.
The negative spikes in Network Realized Profit/oLss illustrate XRP traders' nine-day losses. Capitulation occurs when traders consistently lose.
NPL
Different XRP investors responded differently to the price drop. Wallet addresses with 10,000–100,000 XRP tokens and 100,000–1 million coins bought the dip.
Investors with 1–10 million XRP divided their shares at a loss. This phase usually involves capitulation before asset price recovery, as seen in the chart below.
Ripple
Distribution of XRP
In the absence of an SEC vs. Ripple litigation update, traders are analyzing Bitcoin price movements to predict XRP's direction.
In the last week, XRP has dropped roughly 5% to $0.47.
Technical analysis: Ripple losses may extend 3.5%.
Ripple is falling, hovering at $0.47 on Thursday. If the slide continues, XRP may hit $0.4508, the June 7 low. If the cryptocurrency recovers, XRP might fill the Fair Value Gap between $0.4731 and $0.4710 before falling again.
The MACD indicator confirms the bearish thesis with the signal line above the MACD line and the red histogram bars beneath the neutral line. Price momentum is negative for Ripple.
Ripple's close over the Fair Value Gap between $0.4825 and $0.4841 might undermine the bearish argument and propel XRP above $0.4955 barrier.
#XRP #Ripple $XRP
XRP Price Analysis Hints at Rally to $0.7 Amid ETF Speculations
Current Market Scenario
The price of XRP has dropped by 1.5% in the last 24 hours, currently trading at $0.47. This decline follows a similar trend in Bitcoin, which is nearing a critical support level. A breach of this support by Bitcoin could have negative implications for XRP and the broader cryptocurrency market.
Falling Wedge Pattern Indicates Potential Breakout
XRP's price action has formed a large falling wedge pattern over the past 148 days, suggesting a potential breakout. The lower side of this wedge has a robust support level, tested multiple times over the past 396 days. In the 4-hour timeframe, XRP is trading at the bottom of a 20-day range and may rebound from its current support to retest $0.50.
The chart suggests a bullish breakout is imminent, with the price running out of space to move within the wedge. A successful breakout could result in a 55% increase, pushing XRP to $0.72. However, XRP is currently trending below the 50-day and 200-day simple moving averages (SMA) on the daily chart.
Additionally, the 14-day relative strength index (RSI) for XRP is at 35, just above the oversold zone. If the RSI falls into this zone, increased selling pressure could occur before a bounce, typically indicating a price bottom.
Key Support Levels
The strongest support level for XRP is currently at $0.45. If XRP falls below this level, it could trigger further declines to lower support levels around $0.35 and $0.32.
Factors Influencing XRP Price
Several factors could influence XRP's price in the near future, including the potential approval of an XRP ETF and the outcome of Ripple's lawsuit against the U.S. Securities and Exchange Commission (SEC).
Ripple CEO Criticizes SEC Chair Amid ETF Speculations
Ripple CEO Brad Garlinghouse recently criticized SEC Chair Gary Gensler for his comments about the crypto industry. Gensler stated that many crypto executives end up in jail, which Garlinghouse argued could negatively impact President Biden's chances in the upcoming election.
Garlinghouse's remarks have fueled speculation within the XRP community about the possible approval of an XRP ETF. Gensler's comments in interviews with Bloomberg Invest and the Financial Times have hinted at the potential approval and trading of an ETH ETF soon, further driving these speculations.
Conclusion
XRP appears poised for a potential upward movement, driven by growing speculation about a possible XRP ETF and other factors. An ETF approval could significantly boost XRP’s market performance, potentially leading to a rally towards $0.7. Investors will be closely watching the market dynamics and regulatory developments to gauge the future trajectory of XRP.
$XRP #Ripple #XRP
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
The price of XRP has dropped by 1.5% in the last 24 hours, currently trading at $0.47. This decline follows a similar trend in Bitcoin, which is nearing a critical support level. A breach of this support by Bitcoin could have negative implications for XRP and the broader cryptocurrency market.
Falling Wedge Pattern Indicates Potential Breakout
XRP's price action has formed a large falling wedge pattern over the past 148 days, suggesting a potential breakout. The lower side of this wedge has a robust support level, tested multiple times over the past 396 days. In the 4-hour timeframe, XRP is trading at the bottom of a 20-day range and may rebound from its current support to retest $0.50.
The chart suggests a bullish breakout is imminent, with the price running out of space to move within the wedge. A successful breakout could result in a 55% increase, pushing XRP to $0.72. However, XRP is currently trending below the 50-day and 200-day simple moving averages (SMA) on the daily chart.
Additionally, the 14-day relative strength index (RSI) for XRP is at 35, just above the oversold zone. If the RSI falls into this zone, increased selling pressure could occur before a bounce, typically indicating a price bottom.
Key Support Levels
The strongest support level for XRP is currently at $0.45. If XRP falls below this level, it could trigger further declines to lower support levels around $0.35 and $0.32.
Factors Influencing XRP Price
Several factors could influence XRP's price in the near future, including the potential approval of an XRP ETF and the outcome of Ripple's lawsuit against the U.S. Securities and Exchange Commission (SEC).
Ripple CEO Criticizes SEC Chair Amid ETF Speculations
Ripple CEO Brad Garlinghouse recently criticized SEC Chair Gary Gensler for his comments about the crypto industry. Gensler stated that many crypto executives end up in jail, which Garlinghouse argued could negatively impact President Biden's chances in the upcoming election.
Garlinghouse's remarks have fueled speculation within the XRP community about the possible approval of an XRP ETF. Gensler's comments in interviews with Bloomberg Invest and the Financial Times have hinted at the potential approval and trading of an ETH ETF soon, further driving these speculations.
Conclusion
XRP appears poised for a potential upward movement, driven by growing speculation about a possible XRP ETF and other factors. An ETF approval could significantly boost XRP’s market performance, potentially leading to a rally towards $0.7. Investors will be closely watching the market dynamics and regulatory developments to gauge the future trajectory of XRP.
$XRP #Ripple #XRP
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Hey $XRP fans! 👋 Just checking in to let you know about a new post on the #Ripple website about how they're using blockchain to tackle payment reconciliation challenges. 🚀
In the past, reconciliation has been a pain - riddled with errors, slow, and frustrating. 😩
But Ripple's got a solution that uses blockchain to provide a single source of truth for all transactions. This means data is accurate, complete, and you can say goodbye to those reconciliation headaches! 🎉
On top of that, they've got customizable reporting, an easy-to-use interface, and a global support team to back you up. 🙌
Looking ahead, Ripple's planning to offer even more features, like expanded reporting and data visualization tools. Pretty cool, right? 😎 DYOR! #altcoins #XRP
Check out the full article for more details in a comment below.
In the past, reconciliation has been a pain - riddled with errors, slow, and frustrating. 😩
But Ripple's got a solution that uses blockchain to provide a single source of truth for all transactions. This means data is accurate, complete, and you can say goodbye to those reconciliation headaches! 🎉
On top of that, they've got customizable reporting, an easy-to-use interface, and a global support team to back you up. 🙌
Looking ahead, Ripple's planning to offer even more features, like expanded reporting and data visualization tools. Pretty cool, right? 😎 DYOR! #altcoins #XRP
Check out the full article for more details in a comment below.
XRP Price Falls Again: Why?
XRP fought above $0.480. The price is falling again and may go below $0.4680.
XRP fails to break $0.4800 barrier.
The price is below $0.4750 and the 100-hour SMA.
The hourly XRP/USD chart shows a big bearish trend line with resistance around $0.4720 (Kraken).
The pair may be rejected at $0.4720 and $0.480 again.
Price Drops XRP
XRP tried a rebound over $0.4720 like Bitcoin and Ethereum. However, bears were aggressive at $0.480 resistance. At $0.4797, the price peaked and fell.
It fell below $0.4750 and $0.4720. The price fell below the 50% Fib retracement of the $0.4619 swing low to $0.4797 high. On the hourly XRP/USD chart, a big negative trend line with resistance at $0.4720 is formed.
The price is below $0.4750 and the 100-hour SMA. It finds bids at the 61.8% Fib retracement level of the upward run from $0.4619 swing low to $0.4797 high.
The price faces upward resistance at $0.4720. Near $0.4750 is the first big resistance. Still around $0.480 is the primary obstacle.
A break over $0.480 might push the price above $0.4850. Near $0.500 is the next significant resistance. Price might rise if it closes over $0.500 barrier. The next hurdle is $0.5120. More advances might push price toward $0.5250 barrier.
More Losses?
XRP may fall if it fails to break $0.4720. Initial downside support is $0.4680.
The next significant support is $0.4620. If the price breaks down and closes below $0.4620, it may fall further. The price might go below $0.4320 in the short term.
#XRP #Ripple $XRP
XRP fought above $0.480. The price is falling again and may go below $0.4680.
XRP fails to break $0.4800 barrier.
The price is below $0.4750 and the 100-hour SMA.
The hourly XRP/USD chart shows a big bearish trend line with resistance around $0.4720 (Kraken).
The pair may be rejected at $0.4720 and $0.480 again.
Price Drops XRP
XRP tried a rebound over $0.4720 like Bitcoin and Ethereum. However, bears were aggressive at $0.480 resistance. At $0.4797, the price peaked and fell.
It fell below $0.4750 and $0.4720. The price fell below the 50% Fib retracement of the $0.4619 swing low to $0.4797 high. On the hourly XRP/USD chart, a big negative trend line with resistance at $0.4720 is formed.
The price is below $0.4750 and the 100-hour SMA. It finds bids at the 61.8% Fib retracement level of the upward run from $0.4619 swing low to $0.4797 high.
The price faces upward resistance at $0.4720. Near $0.4750 is the first big resistance. Still around $0.480 is the primary obstacle.
A break over $0.480 might push the price above $0.4850. Near $0.500 is the next significant resistance. Price might rise if it closes over $0.500 barrier. The next hurdle is $0.5120. More advances might push price toward $0.5250 barrier.
More Losses?
XRP may fall if it fails to break $0.4720. Initial downside support is $0.4680.
The next significant support is $0.4620. If the price breaks down and closes below $0.4620, it may fall further. The price might go below $0.4320 in the short term.
#XRP #Ripple $XRP
XRP Price Faces Bearish Pressure: Indicators Suggest Further Decline
The $XRP price has experienced a subtle decline recently, hinting at potential bearish undercurrents. Recent price data shows Ripple struggling to maintain its position, hovering just below the key resistance level at $0.4778, with closing prices marking a gradual descent from $0.4777 to $0.4727.
The technical landscape reveals a bearish bias, underscored by the 9 and 20 Exponential Moving Averages (EMAs). The 9 EMA has traced a slight downtrend, moving from $0.4767 to $0.4751, staying consistently below the 20 EMA, which itself has declined from $0.4792 to $0.4775. This crossover suggests that bearish sentiment may be strengthening, as the price fails to reclaim higher levels.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator further supports this sentiment. Despite marginal bullish divergences in the histogram, the MACD remains below its signal line, indicating that any upward momentum may be fleeting or weak. The latest MACD readings show a near-flat trend with negative values, suggesting that downward pressure persists.
The Relative Strength Index (RSI), a key gauge of price momentum, paints a similar picture. With values descending from 45.23 to 38.74, the RSI remains in the neutral zone but edges closer to oversold territory. This decline in RSI indicates that sellers are gradually overtaking buyers, but a potential for a rebound exists if the RSI crosses into oversold conditions. #XRP #Ripple #altcoins #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.
The $XRP price has experienced a subtle decline recently, hinting at potential bearish undercurrents. Recent price data shows Ripple struggling to maintain its position, hovering just below the key resistance level at $0.4778, with closing prices marking a gradual descent from $0.4777 to $0.4727.
The technical landscape reveals a bearish bias, underscored by the 9 and 20 Exponential Moving Averages (EMAs). The 9 EMA has traced a slight downtrend, moving from $0.4767 to $0.4751, staying consistently below the 20 EMA, which itself has declined from $0.4792 to $0.4775. This crossover suggests that bearish sentiment may be strengthening, as the price fails to reclaim higher levels.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator further supports this sentiment. Despite marginal bullish divergences in the histogram, the MACD remains below its signal line, indicating that any upward momentum may be fleeting or weak. The latest MACD readings show a near-flat trend with negative values, suggesting that downward pressure persists.
The Relative Strength Index (RSI), a key gauge of price momentum, paints a similar picture. With values descending from 45.23 to 38.74, the RSI remains in the neutral zone but edges closer to oversold territory. This decline in RSI indicates that sellers are gradually overtaking buyers, but a potential for a rebound exists if the RSI crosses into oversold conditions. #XRP #Ripple #altcoins #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.
Just wrapped up listening to Monica Long, President at #Ripple . She shared some fascinating insights on how Ripple's upcoming stablecoin will complement $XRP . 😖 Highly recommend checking it out! ⏰👍
Don't worry if you're short on time, here's the gist:
🤝 #XRP bridges various currencies, while the stablecoin focuses on stable USD transactions and high-liquidity pairs. (Think different tools for different jobs!) ️ 👀
🌞 Imagine using XRP for the initial exchange and then settling with the stablecoin for price stability. ➡️
🔥 The stablecoin might attract users unfamiliar with crypto volatility, potentially expanding the XRP ecosystem!
This move suggests Ripple sees XRP and stablecoins working together to create a robust network for global transactions! DYOR! 🌞💪#altcoins
Link to Full interview in a comment below!!
Don't worry if you're short on time, here's the gist:
🤝 #XRP bridges various currencies, while the stablecoin focuses on stable USD transactions and high-liquidity pairs. (Think different tools for different jobs!) ️ 👀
🌞 Imagine using XRP for the initial exchange and then settling with the stablecoin for price stability. ➡️
🔥 The stablecoin might attract users unfamiliar with crypto volatility, potentially expanding the XRP ecosystem!
This move suggests Ripple sees XRP and stablecoins working together to create a robust network for global transactions! DYOR! 🌞💪#altcoins
Link to Full interview in a comment below!!
Breaking News! 💥🚨 Ripple CEO blasts SEC Chair Gary Gensler, saying he'll cost President Biden the election! 🤯🗳️ Big words from the CEO of $XRP ! Stay tuned for more on this juicy feud! #Ripple #SEC #CryptoDrama #Megadrop
To reach us 😉 🔥
Join us at 2eeter ❌ #Imtiazzavi
To reach us 😉 🔥
Join us at 2eeter ❌ #Imtiazzavi
𝗝𝘂𝗻𝗲 𝟮𝟲, 𝟮𝟬𝟮𝟰
👉BREAKING: Warren Buffett-owned Brazilian 🇧🇷 bank Nubank to integrate the Bitcoin💰 Lightning payments!
Nubank has 100 million customers in Latin America!
👉JUST IN : US 🇺🇸 Congressman introduces bill to allow income tax payment in $BTC 💰.
👉JUST IN: Gary Gensler Updates on $ETH 🔹 ETF Approval Process.
👉SEC Chairman Gary Gensler assures that the approval process for the #Ethereum spot ETF is going smoothly.
👉JUST IN: Ripple 💰 President states that the #Ripple stablecoin will complement XRP growth.
👉US SEC Chair Gary Gensler says the process to spot Ethereum ETF approval is going smoothly.
👉Solana introduces a new feature called 'Blinks' that turns onchain actions into shareable links.
👉BREAKING: Warren Buffett-owned Brazilian 🇧🇷 bank Nubank to integrate the Bitcoin💰 Lightning payments!
Nubank has 100 million customers in Latin America!
👉JUST IN : US 🇺🇸 Congressman introduces bill to allow income tax payment in $BTC 💰.
👉JUST IN: Gary Gensler Updates on $ETH 🔹 ETF Approval Process.
👉SEC Chairman Gary Gensler assures that the approval process for the #Ethereum spot ETF is going smoothly.
👉JUST IN: Ripple 💰 President states that the #Ripple stablecoin will complement XRP growth.
👉US SEC Chair Gary Gensler says the process to spot Ethereum ETF approval is going smoothly.
👉Solana introduces a new feature called 'Blinks' that turns onchain actions into shareable links.
Ripple CEO Criticizes SEC Chair Over Crypto Industry Remarks
SEC Chair's Controversial Statement
In a recent interview at the Bloomberg Investment Summit, SEC Chairman Gary Gensler made a controversial statement, suggesting that most executives in the cryptocurrency industry have faced jail time. Gensler remarked, "The American public is not getting the proper disclosure that they are required to get by law, but they need. This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition."
Strong Reactions from Crypto Leaders
Gensler's comments have sparked significant backlash from leaders within the crypto community. Among the critics, Ripple CEO Brad Garlinghouse was particularly vocal, labeling Gensler's remarks as "absolute nonsense." Garlinghouse emphasized that Gensler’s comments were misleading and unrepresentative of the industry as a whole. He also criticized Gensler for failing to address the FTX collapse and questioned his ties with Sam Bankman-Fried. Moreover, Garlinghouse pointed out Gensler’s absence during the Department of Justice's announcement on Binance.
Potential Political Implications
Garlinghouse did not stop at industry-specific critiques; he extended his criticism to potential political repercussions. He warned that Gensler's actions could negatively impact President Joe Biden’s chances in the upcoming 2024 elections. This sentiment echoes similar concerns raised by billionaire Mark Cuban, who last month highlighted how Gensler’s regulatory approach could influence electoral outcomes.
Gensler's Defense
In response to the criticism, Gensler remained steadfast in his position. He stated, "I don’t speak about elections." He further clarified his role, emphasizing, "My role as a securities regulator—as chair of this great 5,000-person agency that oversees $120 trillion capital markets—is to look out for investors, look out for issuers and, where appropriate, to be a cop on the beat."
Ongoing Debate Over Crypto Regulation
The debate between crypto industry leaders and the SEC continues, with industry figures arguing that the current securities laws are inconsistently applied to cryptocurrencies. However, Gensler has firmly refuted these claims, maintaining, "There’s nothing inconsistent about crypto securities and the securities laws."
The ongoing tension highlights the broader clash between regulatory bodies and the rapidly evolving cryptocurrency industry, with significant implications for both market participants and political landscapes.
$XRP #Ripple #SEC
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
In a recent interview at the Bloomberg Investment Summit, SEC Chairman Gary Gensler made a controversial statement, suggesting that most executives in the cryptocurrency industry have faced jail time. Gensler remarked, "The American public is not getting the proper disclosure that they are required to get by law, but they need. This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition."
Strong Reactions from Crypto Leaders
Gensler's comments have sparked significant backlash from leaders within the crypto community. Among the critics, Ripple CEO Brad Garlinghouse was particularly vocal, labeling Gensler's remarks as "absolute nonsense." Garlinghouse emphasized that Gensler’s comments were misleading and unrepresentative of the industry as a whole. He also criticized Gensler for failing to address the FTX collapse and questioned his ties with Sam Bankman-Fried. Moreover, Garlinghouse pointed out Gensler’s absence during the Department of Justice's announcement on Binance.
Potential Political Implications
Garlinghouse did not stop at industry-specific critiques; he extended his criticism to potential political repercussions. He warned that Gensler's actions could negatively impact President Joe Biden’s chances in the upcoming 2024 elections. This sentiment echoes similar concerns raised by billionaire Mark Cuban, who last month highlighted how Gensler’s regulatory approach could influence electoral outcomes.
Gensler's Defense
In response to the criticism, Gensler remained steadfast in his position. He stated, "I don’t speak about elections." He further clarified his role, emphasizing, "My role as a securities regulator—as chair of this great 5,000-person agency that oversees $120 trillion capital markets—is to look out for investors, look out for issuers and, where appropriate, to be a cop on the beat."
Ongoing Debate Over Crypto Regulation
The debate between crypto industry leaders and the SEC continues, with industry figures arguing that the current securities laws are inconsistently applied to cryptocurrencies. However, Gensler has firmly refuted these claims, maintaining, "There’s nothing inconsistent about crypto securities and the securities laws."
The ongoing tension highlights the broader clash between regulatory bodies and the rapidly evolving cryptocurrency industry, with significant implications for both market participants and political landscapes.
$XRP #Ripple #SEC
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Analyst Says XRP Is Getting Close to Pump, Foresees 1,462% Rally to $7.5
A prominent crypto analyst, Jaydee, has presented a bullish forecast for XRP, suggesting a significant price surge soon. Jaydee’s analysis hinges on a long-term trendline analysis using bi-weekly XRP/USD price charts. This analysis reveals a critical juncture for XRP, potentially marking the end of a six-year downtrend.
Throughout this period, XRP has been confined within a descending channel, encountering consistent resistance at $1.90 and support near $0.14. The tightening trading range and the nearing conclusion of the downtrend line suggest a potential breakout is imminent.
$7.5 Target: Based On Historical Performance
Drawing parallels to the 2013-2017 market cycle, Jaydee argues that a breakout could propel XRP to new heights. Back then, XRP experienced a meteoric rise following a similar descending triangle pattern. If history were to repeat itself with adjustments for current market conditions, XRP could reach a target price of $7.5, representing a staggering 1,464% increase from its current value of $0.4793.
Investor Behavior and Market Sentiment
Jaydee’s forecast acknowledges the role of investor psychology in shaping market movements. He emphasizes the importance of strategic trading during potential bull runs, implying that well-informed investors would benefit the most. His analysis underscores the cyclical nature of the cryptocurrency market, highlighting the need for timely profit-taking alongside capitalizing on upswings.
While the outlook for XRP is optimistic, Jaydee recognizes potential deviations from historical trends. The current market cycle might unfold differently compared to the 2017-2021 period due to evolving market dynamics and regulatory landscapes.
Key resistance levels to monitor in the coming weeks include $0.54, $0.63, and $0.8. These levels will serve as crucial indicators for confirming the bullish trend and gauging the strength of the potential breakout.
Ripple’s Legal Case Adds to Positive Sentiment
The ongoing legal battle between Ripple and the SEC adds another layer of intrigue to XRP’s future. A favorable outcome for Ripple could further bolster investor confidence and contribute to a positive price movement.
The confluence of technical indicators, historical performance, and potential regulatory tailwinds paints a promising picture for XRP. While the $7.5 target price might seem ambitious, the technical analysis provides a credible foundation for this prediction.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
Throughout this period, XRP has been confined within a descending channel, encountering consistent resistance at $1.90 and support near $0.14. The tightening trading range and the nearing conclusion of the downtrend line suggest a potential breakout is imminent.
$7.5 Target: Based On Historical Performance
Drawing parallels to the 2013-2017 market cycle, Jaydee argues that a breakout could propel XRP to new heights. Back then, XRP experienced a meteoric rise following a similar descending triangle pattern. If history were to repeat itself with adjustments for current market conditions, XRP could reach a target price of $7.5, representing a staggering 1,464% increase from its current value of $0.4793.
Investor Behavior and Market Sentiment
Jaydee’s forecast acknowledges the role of investor psychology in shaping market movements. He emphasizes the importance of strategic trading during potential bull runs, implying that well-informed investors would benefit the most. His analysis underscores the cyclical nature of the cryptocurrency market, highlighting the need for timely profit-taking alongside capitalizing on upswings.
While the outlook for XRP is optimistic, Jaydee recognizes potential deviations from historical trends. The current market cycle might unfold differently compared to the 2017-2021 period due to evolving market dynamics and regulatory landscapes.
Key resistance levels to monitor in the coming weeks include $0.54, $0.63, and $0.8. These levels will serve as crucial indicators for confirming the bullish trend and gauging the strength of the potential breakout.
Ripple’s Legal Case Adds to Positive Sentiment
The ongoing legal battle between Ripple and the SEC adds another layer of intrigue to XRP’s future. A favorable outcome for Ripple could further bolster investor confidence and contribute to a positive price movement.
The confluence of technical indicators, historical performance, and potential regulatory tailwinds paints a promising picture for XRP. While the $7.5 target price might seem ambitious, the technical analysis provides a credible foundation for this prediction.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
Analyst Says XRP Has Checked All Boxes For 7,500% Price Rally to $36
XRP, the native token of the XRP Ledger, currently trades below the $0.50 mark amidst a broader bearish trend in the cryptocurrency market. Bitcoin’s recent dip to $64,000 has triggered a sell-off across the crypto market, impacting the digital asset significantly.
XRP has dropped over 7.37% this month but has exhibited more resilience compared to other major altcoins like Ethereum and Solana.
However, some market analysts believe XRP possesses the potential for a significant upswing despite the current market conditions. Tylie Eric, a crypto market analyst, argues that XRP’s historical price movements indicate a recurring pattern that could signal an upcoming price surge.
Historical Price Movements and The Elliott Wave Theory
Eric’s analysis focuses on the Elliott Wave Theory, a technical analysis framework that postulates price movements occur in specific wave patterns. When applied to XRP’s historical price chart on a weekly timeframe, Eric identifies a recurring 5-wave Elliott Wave structure. Notably, each completion of this structure has coincided with a substantial price increase for XRP.
For instance, in early 2017, the culmination of the fifth wave led to a price rally that peaked at $0.3988 in May 2017. This upswing, exceeding 7,784%, was followed by a brief consolidation period before another significant surge to $3.31.
XRP’s Potential Trajectory: A Look at the Upcoming Wave
Following the drop from its $3.31 peak, XRP appears to form another 5-wave Elliott Wave structure. Eric suggests that this structure is nearing completion, with the first four waves having unfolded over the past six years. Based on the Elliott Wave theory, his analysis anticipates the fifth wave to trigger another substantial price increase.
Projecting a trajectory similar to the 7,637% surge observed in early 2017, Eric’s analysis suggests a potential price rally for XRP towards $36. It’s noteworthy that Eric isn’t alone in his bullish outlook for XRP. Last year, Times Tabloid reported another analyst, CryptoInsightUK, who projected a price increase of $34 for XRP.
The Road Ahead for XRP
While Eric’s prediction presents a compelling scenario, it’s crucial to acknowledge the current market climate. In the immediate term, XRP’s primary objective is to reclaim and hold $0.50. Regaining this level could serve as a springboard for a potential rally toward higher price points once the broader market sentiment improves.
It’s important to remember that technical analysis, while valuable, cannot predict the future with absolute certainty. Several factors, including regulatory developments, institutional adoption, and overall market trends, will continue to influence XRP’s price performance.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
XRP has dropped over 7.37% this month but has exhibited more resilience compared to other major altcoins like Ethereum and Solana.
However, some market analysts believe XRP possesses the potential for a significant upswing despite the current market conditions. Tylie Eric, a crypto market analyst, argues that XRP’s historical price movements indicate a recurring pattern that could signal an upcoming price surge.
Historical Price Movements and The Elliott Wave Theory
Eric’s analysis focuses on the Elliott Wave Theory, a technical analysis framework that postulates price movements occur in specific wave patterns. When applied to XRP’s historical price chart on a weekly timeframe, Eric identifies a recurring 5-wave Elliott Wave structure. Notably, each completion of this structure has coincided with a substantial price increase for XRP.
For instance, in early 2017, the culmination of the fifth wave led to a price rally that peaked at $0.3988 in May 2017. This upswing, exceeding 7,784%, was followed by a brief consolidation period before another significant surge to $3.31.
XRP’s Potential Trajectory: A Look at the Upcoming Wave
Following the drop from its $3.31 peak, XRP appears to form another 5-wave Elliott Wave structure. Eric suggests that this structure is nearing completion, with the first four waves having unfolded over the past six years. Based on the Elliott Wave theory, his analysis anticipates the fifth wave to trigger another substantial price increase.
Projecting a trajectory similar to the 7,637% surge observed in early 2017, Eric’s analysis suggests a potential price rally for XRP towards $36. It’s noteworthy that Eric isn’t alone in his bullish outlook for XRP. Last year, Times Tabloid reported another analyst, CryptoInsightUK, who projected a price increase of $34 for XRP.
The Road Ahead for XRP
While Eric’s prediction presents a compelling scenario, it’s crucial to acknowledge the current market climate. In the immediate term, XRP’s primary objective is to reclaim and hold $0.50. Regaining this level could serve as a springboard for a potential rally toward higher price points once the broader market sentiment improves.
It’s important to remember that technical analysis, while valuable, cannot predict the future with absolute certainty. Several factors, including regulatory developments, institutional adoption, and overall market trends, will continue to influence XRP’s price performance.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
Critical Advisory: Dispose of These 3 Cryptocurrencies to Mitigate June Losses
🚨 Urgent Alert! Act Now to Divest from These 3 Cryptos Before June 2024 Concludes 🚨
In the volatile world of cryptocurrency, holding onto vulnerable assets can swiftly erode your financial standing. With market instability looming, it's imperative to promptly sell off the following three cryptocurrencies to safeguard your investments.
#Dogecoin ($DOGE ): Fading Meme Coin Appeal
Once celebrated as a viral sensation, Dogecoin is now grappling with its own limitations. Characterized by an unlimited supply and diminishing social media traction, sustaining its value hinges on constant influxes of buyers. Recent trends indicate a steep decline in activity, marking a critical downturn for Dogecoin. Take decisive action now to minimize potential losses.
#Ripple ($XRP ): Navigating Choppy Waters
Historically a cornerstone in many portfolios, Ripple's XRP is currently navigating turbulent waters. Significant sell-offs by Ripple's leadership and liquidations from insolvent exchanges have precipitated substantial price declines, raising uncertainties about its long-term viability. Prudent investors are advised to liquidate positions swiftly while exit opportunities remain viable.
#PepeCoin ($PEPE ): Speculation-Driven Volatility
Pepe Coin surged on speculative hype and fear of missing out (FOMO), yet lacks robust fundamentals. As initial excitement dissipates, its valuation is in freefall. Protect your investments—execute immediate divestment strategies to shield against potential losses.
Don't risk exposure to the fallout of a crypto market downturn. These three digital assets are poised for significant risk exposure. Act decisively before June concludes to safeguard your financial interests.
#MicroStrategy #altcoins
🚨 Urgent Alert! Act Now to Divest from These 3 Cryptos Before June 2024 Concludes 🚨
In the volatile world of cryptocurrency, holding onto vulnerable assets can swiftly erode your financial standing. With market instability looming, it's imperative to promptly sell off the following three cryptocurrencies to safeguard your investments.
#Dogecoin ($DOGE ): Fading Meme Coin Appeal
Once celebrated as a viral sensation, Dogecoin is now grappling with its own limitations. Characterized by an unlimited supply and diminishing social media traction, sustaining its value hinges on constant influxes of buyers. Recent trends indicate a steep decline in activity, marking a critical downturn for Dogecoin. Take decisive action now to minimize potential losses.
#Ripple ($XRP ): Navigating Choppy Waters
Historically a cornerstone in many portfolios, Ripple's XRP is currently navigating turbulent waters. Significant sell-offs by Ripple's leadership and liquidations from insolvent exchanges have precipitated substantial price declines, raising uncertainties about its long-term viability. Prudent investors are advised to liquidate positions swiftly while exit opportunities remain viable.
#PepeCoin ($PEPE ): Speculation-Driven Volatility
Pepe Coin surged on speculative hype and fear of missing out (FOMO), yet lacks robust fundamentals. As initial excitement dissipates, its valuation is in freefall. Protect your investments—execute immediate divestment strategies to shield against potential losses.
Don't risk exposure to the fallout of a crypto market downturn. These three digital assets are poised for significant risk exposure. Act decisively before June concludes to safeguard your financial interests.
#MicroStrategy #altcoins
Future of Ripple (XRP): Bold Predictions and Realistic Outlook
Ripple ($XRP ) has long been a topic of debate and speculation within the cryptocurrency community. With its unique approach to facilitating fast and affordable cross-border payments, XRP has garnered significant attention. But what does the future hold for XRP, and are the bold predictions surrounding its price too ambitious? Let’s dive into the factors that could shape Ripple's trajectory.
Current Market Overview
As of now, XRP is among the top cryptocurrencies by market capitalization. Despite facing regulatory challenges, particularly with the ongoing SEC lawsuit, Ripple has continued to forge partnerships and expand its network. This resilience has kept XRP in the spotlight, fueling both optimistic and cautious outlooks.
Factors Influencing XRP's Future
1. Regulatory Clarity: The outcome of the SEC lawsuit is perhaps the most critical factor for XRP’s future. A favorable ruling could eliminate significant uncertainty and pave the way for broader adoption and institutional investment. Conversely, an adverse decision might dampen investor confidence and impact XRP’s market performance.
2. Partnerships and Adoption: Ripple’s strategy of partnering with financial institutions and payment providers could significantly boost XRP’s utility and demand. Successful implementation of RippleNet in banks and other financial entities can drive transaction volumes, positively influencing XRP’s price.
3. Technological Advancements: Ripple’s ongoing technological developments, such as improving the scalability and security of its network, play a crucial role. Enhancements that make XRP more efficient and user-friendly can attract more users and investors, supporting price growth.
4. Market Sentiment and Speculation: Cryptocurrency markets are heavily influenced by sentiment and speculative activity. Positive news, influential endorsements, and market trends can create bullish momentum for XRP. On the flip side, negative sentiment or broader market downturns can lead to price declines.
Bold Predictions vs. Realistic Outlook
Some analysts and enthusiasts have made bold predictions, envisioning XRP reaching prices of $10, $50, or even higher. While these figures may seem overly ambitious, it’s essential to consider the factors driving these predictions. Significant regulatory clarity, massive institutional adoption, and major technological breakthroughs could theoretically push XRP to new heights.
However, a realistic outlook requires a balanced perspective. XRP's price will likely be influenced by a combination of regulatory outcomes, market adoption rates, and broader cryptocurrency market conditions. Predicting specific price points remains speculative, but understanding the underlying drivers can help investors make informed decisions.
Conclusion
While bold predictions for $XRP can seem outrageous, they are grounded in the potential for significant positive developments. Regulatory clarity, technological advancements, and strategic partnerships are key factors that could drive XRP’s future growth. As with any investment, it’s crucial to conduct thorough research, stay updated on market trends, and be prepared for volatility.
In the ever-evolving world of cryptocurrencies, the future of Ripple (XRP) holds promise, but also uncertainty. Keeping an eye on the critical factors influencing its trajectory will be essential for anyone looking to invest in or understand the future of $XRP .
#Ripple #XRP #CryptoPredictions2030 #Cryptocurrency #writetoearn
Current Market Overview
As of now, XRP is among the top cryptocurrencies by market capitalization. Despite facing regulatory challenges, particularly with the ongoing SEC lawsuit, Ripple has continued to forge partnerships and expand its network. This resilience has kept XRP in the spotlight, fueling both optimistic and cautious outlooks.
Factors Influencing XRP's Future
1. Regulatory Clarity: The outcome of the SEC lawsuit is perhaps the most critical factor for XRP’s future. A favorable ruling could eliminate significant uncertainty and pave the way for broader adoption and institutional investment. Conversely, an adverse decision might dampen investor confidence and impact XRP’s market performance.
2. Partnerships and Adoption: Ripple’s strategy of partnering with financial institutions and payment providers could significantly boost XRP’s utility and demand. Successful implementation of RippleNet in banks and other financial entities can drive transaction volumes, positively influencing XRP’s price.
3. Technological Advancements: Ripple’s ongoing technological developments, such as improving the scalability and security of its network, play a crucial role. Enhancements that make XRP more efficient and user-friendly can attract more users and investors, supporting price growth.
4. Market Sentiment and Speculation: Cryptocurrency markets are heavily influenced by sentiment and speculative activity. Positive news, influential endorsements, and market trends can create bullish momentum for XRP. On the flip side, negative sentiment or broader market downturns can lead to price declines.
Bold Predictions vs. Realistic Outlook
Some analysts and enthusiasts have made bold predictions, envisioning XRP reaching prices of $10, $50, or even higher. While these figures may seem overly ambitious, it’s essential to consider the factors driving these predictions. Significant regulatory clarity, massive institutional adoption, and major technological breakthroughs could theoretically push XRP to new heights.
However, a realistic outlook requires a balanced perspective. XRP's price will likely be influenced by a combination of regulatory outcomes, market adoption rates, and broader cryptocurrency market conditions. Predicting specific price points remains speculative, but understanding the underlying drivers can help investors make informed decisions.
Conclusion
While bold predictions for $XRP can seem outrageous, they are grounded in the potential for significant positive developments. Regulatory clarity, technological advancements, and strategic partnerships are key factors that could drive XRP’s future growth. As with any investment, it’s crucial to conduct thorough research, stay updated on market trends, and be prepared for volatility.
In the ever-evolving world of cryptocurrencies, the future of Ripple (XRP) holds promise, but also uncertainty. Keeping an eye on the critical factors influencing its trajectory will be essential for anyone looking to invest in or understand the future of $XRP .
#Ripple #XRP #CryptoPredictions2030 #Cryptocurrency #writetoearn
XRP Price Analysis: Will Ripple's Price Reverse Soon?
Despite securing a win in its case against the SEC, XRP's price has experienced another decline over the weekend. However, there are hopes for a price reversal soon.
Current XRP Price Movement
XRP hovered around $0.473 during European business hours on Monday, reflecting a 3% drop in the past 24 hours, according to CoinGecko data. Amid this price drop, Ripple CEO Brad Garlinghouse took to X (formerly Twitter) last Friday to address misleading and factually inaccurate headlines about a California judge's decision in a class action lawsuit involving XRP.
Bearish Control May End Soon
Since April 12, XRP's price has trended below the 50-day and 200-day simple moving averages (SMA). On April 20, a death cross appeared on the XRP price chart, signaling a continued downtrend. Additionally, XRP's price formed a symmetrical triangle structure, giving a 50/50 chance of breaking out in either direction.
On June 7, XRP's price broke downward, hitting lows of $0.454. The relative strength index (RSI 14) also fell below its moving average (MA). However, at 37, the RSI indicates limited room for further decline. Despite these negative developments, XRP continues to hold a critical support level around $0.475. The price breakout remains part of a wider consolidation zone, with a strong upper boundary around $0.57 and a lower boundary around $0.46.
Two potential scenarios could unfold: a further drop to a lower support level around $0.429, or a bounce from the current support back to the top of the range around $0.57. In both scenarios, a bounce is expected. Key resistance levels to watch are $0.49 and $0.56.
Additionally, data from CoinGecko shows the 24-hour trading volume of XRP surged by 58%, hinting at increasing interest among investors.
Factors Behind the XRP Price Downturn
Despite the win with Judge Hamilton, XRP's price continues to decline. Ripple CEO Brad Garlinghouse suggests that misleading statements from crypto news platforms might be a contributing factor. On Twitter, Garlinghouse clarified that the single state law claim proceeding to trial involves plaintiffs he described as “trolls,” attempting to exploit the U.S. legal system and distort statements for substantial class action settlements. Notably, the plaintiff in question owned only 200 XRP.
Conversely, crypto whales have been accumulating XRP amid the price drop. Whale Alert, a market watcher, detected a significant transfer of XRP from Binance to an unknown wallet last Friday.
Bottom Line
Last week’s ruling by Judge Hamilton was a significant win for Ripple in their lawsuit against the SEC. Nevertheless, rogue market elements, including anonymous whales, continue to undermine XRP's price. However, a price reversal could be on the horizon as market conditions evolve and investor interest remains high.
$XRP #Ripple #XRP
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Current XRP Price Movement
XRP hovered around $0.473 during European business hours on Monday, reflecting a 3% drop in the past 24 hours, according to CoinGecko data. Amid this price drop, Ripple CEO Brad Garlinghouse took to X (formerly Twitter) last Friday to address misleading and factually inaccurate headlines about a California judge's decision in a class action lawsuit involving XRP.
Bearish Control May End Soon
Since April 12, XRP's price has trended below the 50-day and 200-day simple moving averages (SMA). On April 20, a death cross appeared on the XRP price chart, signaling a continued downtrend. Additionally, XRP's price formed a symmetrical triangle structure, giving a 50/50 chance of breaking out in either direction.
On June 7, XRP's price broke downward, hitting lows of $0.454. The relative strength index (RSI 14) also fell below its moving average (MA). However, at 37, the RSI indicates limited room for further decline. Despite these negative developments, XRP continues to hold a critical support level around $0.475. The price breakout remains part of a wider consolidation zone, with a strong upper boundary around $0.57 and a lower boundary around $0.46.
Two potential scenarios could unfold: a further drop to a lower support level around $0.429, or a bounce from the current support back to the top of the range around $0.57. In both scenarios, a bounce is expected. Key resistance levels to watch are $0.49 and $0.56.
Additionally, data from CoinGecko shows the 24-hour trading volume of XRP surged by 58%, hinting at increasing interest among investors.
Factors Behind the XRP Price Downturn
Despite the win with Judge Hamilton, XRP's price continues to decline. Ripple CEO Brad Garlinghouse suggests that misleading statements from crypto news platforms might be a contributing factor. On Twitter, Garlinghouse clarified that the single state law claim proceeding to trial involves plaintiffs he described as “trolls,” attempting to exploit the U.S. legal system and distort statements for substantial class action settlements. Notably, the plaintiff in question owned only 200 XRP.
Conversely, crypto whales have been accumulating XRP amid the price drop. Whale Alert, a market watcher, detected a significant transfer of XRP from Binance to an unknown wallet last Friday.
Bottom Line
Last week’s ruling by Judge Hamilton was a significant win for Ripple in their lawsuit against the SEC. Nevertheless, rogue market elements, including anonymous whales, continue to undermine XRP's price. However, a price reversal could be on the horizon as market conditions evolve and investor interest remains high.
$XRP #Ripple #XRP
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
XRP's Bearish Trend: Understanding It
XRP fought over $0.4880 resistance. The price is falling and bears may target $0.4550.
Another rejection occurred at $0.4880 for XRP.
The price is below $0.4850 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line connects to $0.4810 resistance.
If the pair closes below $0.4720, losses may continue.
Losses Continue for XRP
XRP tried to regain over $0.4820. Bears were busy near $0.4880 resistance. Like Bitcoin and Ethereum, the price peaked at $0.4884 and then fell.
It fell below $0.4850 and $0.4800. Tests of $0.4720 support occurred. After a low of $0.4722, the price is consolidating losses. Under $0.4850 and the 100-hourly Simple Moving Average.
If prices rise, they may encounter resistance at $0.4765 or the 23.6% Fib retracement level of the decline from the $0.4884 swing high to the $0.4722 low.
The first big barrier is $0.4810–$0.4820. On the hourly XRP/USD chart, a negative trend line connects to resistance at $0.4810. The trend line is at the 50% Fib retracement level of the $0.4884 swing high to $0.4722 low decline.
A clean break over $0.4820 might push the market above $0.4880. Near $0.50 is the next significant resistance. A closing above $0.50 resistance might boost prices. The next hurdle is $0.5120. More advances might push price toward $0.5250 barrier.
More Losses?
XRP may fall if it fails to break $0.4820. Initial downside support is $0.4720.
The next significant support is $0.4650. If the price breaks down and closes below $0.4650, it may fall significantly. The price might go below $0.450 in the short term.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $0.4720, $0.4650.
Major resistance levels: $0.4820, $0.4880.
#XRP #Ripple $XRP
XRP fought over $0.4880 resistance. The price is falling and bears may target $0.4550.
Another rejection occurred at $0.4880 for XRP.
The price is below $0.4850 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line connects to $0.4810 resistance.
If the pair closes below $0.4720, losses may continue.
Losses Continue for XRP
XRP tried to regain over $0.4820. Bears were busy near $0.4880 resistance. Like Bitcoin and Ethereum, the price peaked at $0.4884 and then fell.
It fell below $0.4850 and $0.4800. Tests of $0.4720 support occurred. After a low of $0.4722, the price is consolidating losses. Under $0.4850 and the 100-hourly Simple Moving Average.
If prices rise, they may encounter resistance at $0.4765 or the 23.6% Fib retracement level of the decline from the $0.4884 swing high to the $0.4722 low.
The first big barrier is $0.4810–$0.4820. On the hourly XRP/USD chart, a negative trend line connects to resistance at $0.4810. The trend line is at the 50% Fib retracement level of the $0.4884 swing high to $0.4722 low decline.
A clean break over $0.4820 might push the market above $0.4880. Near $0.50 is the next significant resistance. A closing above $0.50 resistance might boost prices. The next hurdle is $0.5120. More advances might push price toward $0.5250 barrier.
More Losses?
XRP may fall if it fails to break $0.4820. Initial downside support is $0.4720.
The next significant support is $0.4650. If the price breaks down and closes below $0.4650, it may fall significantly. The price might go below $0.450 in the short term.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $0.4720, $0.4650.
Major resistance levels: $0.4820, $0.4880.
#XRP #Ripple $XRP
XRP 6-Year Trendline Ends, Analyst Predicts 1,400% Rally To $7.5
As the big parts come into place, XRP's price trend may improve. XRP fans are still suffering after Ripple's court triumph, but a crypto expert has predicted a positive XRP price. Jaydee expects XRP to soar to new price levels.
Analyst Expects XRP To Reach $7.5
Recently, crypto researcher Jaydee predicted that XRP's days of trading below $1 may be over shortly. The expert announced this on social networking site X with an exceedingly optimistic prognosis. The analyst's XRP/USD bi-weekly price chart shows a six-year trendline ending. This trendline closing might trigger a big bull run.
Interestingly, Jaydee's technical analysis uses XRP's non-logarithmic price scale and a preceding event. Since its 2017 record height of $3.40, XRP has traded in a downward trend despite price volatility.
In the multi-year bear market, the higher resistance line has stopped upside above $1.90 while the lower support line has stayed above $0.14. However, recent market movement shows the 6-year decline is nearing its peak. XRP has less space to move between resistance and support as the range shrinks.
Jaydee said that this means XRP will breakthrough higher. The analyst set a $7.5 price estimate for XRP's ascent. With XRP at $0.4873, this price objective is 1,430% higher.
While it seems unlikely, the analyst cites a similar price cycle between 2013 and 2017 to explain an explosive surge. XRP surged over 600x to $3.4 when a five-year descending triangle pattern broke.
#XRP #Ripple $XRP #BinanceTournament
As the big parts come into place, XRP's price trend may improve. XRP fans are still suffering after Ripple's court triumph, but a crypto expert has predicted a positive XRP price. Jaydee expects XRP to soar to new price levels.
Analyst Expects XRP To Reach $7.5
Recently, crypto researcher Jaydee predicted that XRP's days of trading below $1 may be over shortly. The expert announced this on social networking site X with an exceedingly optimistic prognosis. The analyst's XRP/USD bi-weekly price chart shows a six-year trendline ending. This trendline closing might trigger a big bull run.
Interestingly, Jaydee's technical analysis uses XRP's non-logarithmic price scale and a preceding event. Since its 2017 record height of $3.40, XRP has traded in a downward trend despite price volatility.
In the multi-year bear market, the higher resistance line has stopped upside above $1.90 while the lower support line has stayed above $0.14. However, recent market movement shows the 6-year decline is nearing its peak. XRP has less space to move between resistance and support as the range shrinks.
Jaydee said that this means XRP will breakthrough higher. The analyst set a $7.5 price estimate for XRP's ascent. With XRP at $0.4873, this price objective is 1,430% higher.
While it seems unlikely, the analyst cites a similar price cycle between 2013 and 2017 to explain an explosive surge. XRP surged over 600x to $3.4 when a five-year descending triangle pattern broke.
#XRP #Ripple $XRP #BinanceTournament
