XRP
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The End of the XRP Year Curse? Expert Excited About Crypto's 250% Gain
Many tokens have suffered heavy losses in 2024's volatile cryptocurrency market. In spite of all that has happened, Ripple's native coin, XRP, has been a rock of stability. Although it has not been completely spared from the market downturn, XRP has managed to keep its price reasonably stable, which has reduced losses and rekindled hope among investors and experts.
Confidence Cultivates Bullish Attitude
Although both Bitcoin and Ethereum have suffered heavy losses this year, XRP has shown to be very resilient. Among the many reasons for its stability is the fact that it is utility-driven. No matter how the market is doing, the altcoin's ability to make international payments easier and quicker will always be a desirable feature. The continued support for the cryptocurrency comes from Ripple's collaborations with banks and other financial organizations.
The coin's recent success proves its fundamental value. If the token can maintain its value even in a down market, it might have a solid base from which to expand in the future.
An Expert Says Bitcoin's Value Will Climb 240%
Notable cryptocurrency expert Javon Marks has issued a daring forecast for XRP, adding gasoline to the already hot flames. Famously reliable forecaster Marks thinks the cryptocurrency is about to make a big break away from Bitcoin.
Logarithmic scaling shows that $XRP / #BTC has broken out of a significant, almost year-long resistive trend, which may indicate a big bullish turnaround is about to occur.
We have lately seen a major technological advancement for XRP, according to several observers. The coin has overcome a logarithmic resistance pattern that has persisted for a year, suggesting that a possible significant rally is about to occur. The current trend may cause XRP's value to skyrocket 243% relative to Bitcoin if it persists.
#XRP #Ripple $XRP
Many tokens have suffered heavy losses in 2024's volatile cryptocurrency market. In spite of all that has happened, Ripple's native coin, XRP, has been a rock of stability. Although it has not been completely spared from the market downturn, XRP has managed to keep its price reasonably stable, which has reduced losses and rekindled hope among investors and experts.
Confidence Cultivates Bullish Attitude
Although both Bitcoin and Ethereum have suffered heavy losses this year, XRP has shown to be very resilient. Among the many reasons for its stability is the fact that it is utility-driven. No matter how the market is doing, the altcoin's ability to make international payments easier and quicker will always be a desirable feature. The continued support for the cryptocurrency comes from Ripple's collaborations with banks and other financial organizations.
The coin's recent success proves its fundamental value. If the token can maintain its value even in a down market, it might have a solid base from which to expand in the future.
An Expert Says Bitcoin's Value Will Climb 240%
Notable cryptocurrency expert Javon Marks has issued a daring forecast for XRP, adding gasoline to the already hot flames. Famously reliable forecaster Marks thinks the cryptocurrency is about to make a big break away from Bitcoin.
Logarithmic scaling shows that $XRP / #BTC has broken out of a significant, almost year-long resistive trend, which may indicate a big bullish turnaround is about to occur.
We have lately seen a major technological advancement for XRP, according to several observers. The coin has overcome a logarithmic resistance pattern that has persisted for a year, suggesting that a possible significant rally is about to occur. The current trend may cause XRP's value to skyrocket 243% relative to Bitcoin if it persists.
#XRP #Ripple $XRP
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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
😱🚀🚀3 Altcoins with Huge profit potential in Summer 2024 Bullish signals are on😱🚀🚀
Ripple (#XRP )
$XRP , developed by Ripple Labs, aims to facilitate fast and cost-effective cross-border payments. However, the asset witnessed a lack of initiation from buyers for years amid the ongoing legal battery against the US Securities and Exchange Commission.
The market uncertainty aligned with the June correction has plunged to $0.475 seeking support at a long-coming ascending trendline.
As per Coinmarketcap, the XRP coin holds a market cap of $26.4 Billion, while the 24-hour trading volume wavers at $791 Million.
If the aforementioned support holds, the buyers could take the next recovery leap and chase a potential target of $2.
$BONK (#BONK )
Bonk is a meme cryptocurrency built on the Solana blockchain, known for its strong community-driven approach and rapid growth.
Amid the June market correction, the BONK price witnessed an aggressive downfall from $0.000044 to $0.000018, registering a loss of 59%. However, the falling price witnessed strong support at the ascending trendline of the daily chart resulting in an immediate reversal to $0.0000228.
The BONK coin holds a market cap of $1.55 Billion, while the trading volume plunged 45% since yesterday to reach $155.35 Million.
The recent reversal of gaining momentum from broader market recovery could lead to a rally to the $0.0001 mark.
Polygon (#MATIC )
Polygon ($MATIC
) is a Layer 2 scaling solution for Ethereum, designed to enhance its scalability and usability. Further, Polygon helps in retaining the security and decentralization of the Ethereum blockchain.
The MATIC price currently trades at $0.55, maintaining its market cap of $5.5 Billion. However, with sustained selling, the asset could reverse the long-coming support of $0.5-0.493.
This crucial support could provide buyers an opportunity to counterattack and rechallenge the overhead resistance at $0.76, followed by $1.3, and $1.56.
#altcoins #binance
Ripple (#XRP )
$XRP , developed by Ripple Labs, aims to facilitate fast and cost-effective cross-border payments. However, the asset witnessed a lack of initiation from buyers for years amid the ongoing legal battery against the US Securities and Exchange Commission.
The market uncertainty aligned with the June correction has plunged to $0.475 seeking support at a long-coming ascending trendline.
As per Coinmarketcap, the XRP coin holds a market cap of $26.4 Billion, while the 24-hour trading volume wavers at $791 Million.
If the aforementioned support holds, the buyers could take the next recovery leap and chase a potential target of $2.
$BONK (#BONK )
Bonk is a meme cryptocurrency built on the Solana blockchain, known for its strong community-driven approach and rapid growth.
Amid the June market correction, the BONK price witnessed an aggressive downfall from $0.000044 to $0.000018, registering a loss of 59%. However, the falling price witnessed strong support at the ascending trendline of the daily chart resulting in an immediate reversal to $0.0000228.
The BONK coin holds a market cap of $1.55 Billion, while the trading volume plunged 45% since yesterday to reach $155.35 Million.
The recent reversal of gaining momentum from broader market recovery could lead to a rally to the $0.0001 mark.
Polygon (#MATIC )
Polygon ($MATIC
) is a Layer 2 scaling solution for Ethereum, designed to enhance its scalability and usability. Further, Polygon helps in retaining the security and decentralization of the Ethereum blockchain.
The MATIC price currently trades at $0.55, maintaining its market cap of $5.5 Billion. However, with sustained selling, the asset could reverse the long-coming support of $0.5-0.493.
This crucial support could provide buyers an opportunity to counterattack and rechallenge the overhead resistance at $0.76, followed by $1.3, and $1.56.
#altcoins #binance
Next week, XRP might hit $0.50 again
XRP's price was expected to reach $0.46 when further gains were made.
If network traction falls, downswing may persist.
XRP saw its biggest profit-generating on-chain transaction volumes since 26 May in the recent 24 hours. This was shown by transaction volume to loss.
More transactions are in loss than profit when the reading is below 1. At press, the ratio was 2.016. For every loss, two gains were obtained.
Price rise predicts profit-taking
Price performance of XRP caused the rise. Charts showed the token at $0.48 on June 28. By press time, the token had plummeted to $0.47 again.
Holders benefit from profit-taking, but the price does not. An increase in profits booked might stop a cryptocurrency's price from rising.
The picture below shows that the price plummeted practically every time the metric increased. It may be the same this time. If so, the cryptocurrency may tumble below $0.46 in a few days.
AMBCrypto also analyzed MVRV. The indicator also measures holders' profitability. It also assists spot price accumulation and distribution.
XRP had a -5.45% 30-day ratio at press time. A negative ratio usually implies the average XRP holding loses. Thus, if all holders sell, the average return is -5.45%.
The downturn continues.
Good purchasing chances have occurred between -8.59% and -18.63%. Thus, the token price may fall before recovering.
The $0.46 forecast appears likely. However, a larger cryptocurrency surge might invalidate it. The coin might return to $0.48 if this happens.
XRP might reach $0.50 in a bullish situation.
We examined the project's Network Growth. As its name indicates, Network Growth monitors network traction. Also measures token adoption. Network Growth rises when new addresses make their first transaction.
The statistic drops when fresh addresses are few. At the time of writing, this statistic has fallen, suggesting low token use.
Short-term aims are $0.46–$0.48. The altcoin may not reach $0.50 unless something terrible occurs.
#XRP #Ripple $XRP
XRP's price was expected to reach $0.46 when further gains were made.
If network traction falls, downswing may persist.
XRP saw its biggest profit-generating on-chain transaction volumes since 26 May in the recent 24 hours. This was shown by transaction volume to loss.
More transactions are in loss than profit when the reading is below 1. At press, the ratio was 2.016. For every loss, two gains were obtained.
Price rise predicts profit-taking
Price performance of XRP caused the rise. Charts showed the token at $0.48 on June 28. By press time, the token had plummeted to $0.47 again.
Holders benefit from profit-taking, but the price does not. An increase in profits booked might stop a cryptocurrency's price from rising.
The picture below shows that the price plummeted practically every time the metric increased. It may be the same this time. If so, the cryptocurrency may tumble below $0.46 in a few days.
AMBCrypto also analyzed MVRV. The indicator also measures holders' profitability. It also assists spot price accumulation and distribution.
XRP had a -5.45% 30-day ratio at press time. A negative ratio usually implies the average XRP holding loses. Thus, if all holders sell, the average return is -5.45%.
The downturn continues.
Good purchasing chances have occurred between -8.59% and -18.63%. Thus, the token price may fall before recovering.
The $0.46 forecast appears likely. However, a larger cryptocurrency surge might invalidate it. The coin might return to $0.48 if this happens.
XRP might reach $0.50 in a bullish situation.
We examined the project's Network Growth. As its name indicates, Network Growth monitors network traction. Also measures token adoption. Network Growth rises when new addresses make their first transaction.
The statistic drops when fresh addresses are few. At the time of writing, this statistic has fallen, suggesting low token use.
Short-term aims are $0.46–$0.48. The altcoin may not reach $0.50 unless something terrible occurs.
#XRP #Ripple $XRP
Can #XRP Hit $10? Lawsuit Verdict, ETF Hopes, And Your Buying Opportunity
https://altcoinsanalysis.com/can-xrp-hit-10-lawsuit-verdict-etf-hopes-and-your-buying-opportunity/
https://altcoinsanalysis.com/can-xrp-hit-10-lawsuit-verdict-etf-hopes-and-your-buying-opportunity/
Can #XRP Overcome Centralization Hurdles To Make The ETF Cut?
https://altcoinsanalysis.com/can-xrp-overcome-centralization-hurdles-to-make-the-etf-cut/
https://altcoinsanalysis.com/can-xrp-overcome-centralization-hurdles-to-make-the-etf-cut/
📣 What are Current Crypto Predictions?
This year, investors have enjoyed remarkable gains, but a sudden downturn in Bitcoin (BTC) shifted the market dynamics. BTC has struggled to break the crucial resistance level of $73,777, leaving many altcoin investors short of their goals. The focus now shifts to the current predictions for prominent cryptocurrencies like DOGE, TON, XRP, and ADA Coin.
🔸 Will #XRP Break Resistance Levels?
XRP has maintained its position above the $0.46 support level, hovering around $0.47. Should this support fail, the next target is $0.41. Conversely, if XRP reclaims its moving average, it could aim for $0.57 again. However, this upward momentum is contingent upon BTC stabilizing above $64,000, which is necessary for testing broader market resistance.
🔸 What Drives #DOGE ’s Recent Activity?
DOGE’s fluctuating prices are reflected in its chart analysis. The 20-day EMA has fallen to $0.13, and the RSI indicates potential overselling. If the price drops below $0.12, DOGE might see further declines to $0.1. Reclaiming the EMA could negate the bearish outlook, targeting $0.14, but sustained movement between $0.12 and $0.18 remains a challenge.
🔸 Insights from #TON and #ADA Coins
TON Coin recently surpassed the $7.67 resistance but was affected by the BTC downturn. If the 20-day EMA at $7.39 is breached, support at the 50-day SMA at $7 might be tested, potentially dropping to $6.6. A bearish pattern suggests a target as low as $5.5. However, reclaiming the 20-day EMA could push the rally to $10, with intermediate resistances at $7.87 and $8.29.
ADA Coin is currently fluctuating between $0.4 and $0.35. The bearish trend seems to be gaining strength, with a break below $0.35 potentially driving the price down to $0.28. This highlights the ongoing supply-demand imbalance favoring the bears.
🔺 Also Read: LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders
This year, investors have enjoyed remarkable gains, but a sudden downturn in Bitcoin (BTC) shifted the market dynamics. BTC has struggled to break the crucial resistance level of $73,777, leaving many altcoin investors short of their goals. The focus now shifts to the current predictions for prominent cryptocurrencies like DOGE, TON, XRP, and ADA Coin.
🔸 Will #XRP Break Resistance Levels?
XRP has maintained its position above the $0.46 support level, hovering around $0.47. Should this support fail, the next target is $0.41. Conversely, if XRP reclaims its moving average, it could aim for $0.57 again. However, this upward momentum is contingent upon BTC stabilizing above $64,000, which is necessary for testing broader market resistance.
🔸 What Drives #DOGE ’s Recent Activity?
DOGE’s fluctuating prices are reflected in its chart analysis. The 20-day EMA has fallen to $0.13, and the RSI indicates potential overselling. If the price drops below $0.12, DOGE might see further declines to $0.1. Reclaiming the EMA could negate the bearish outlook, targeting $0.14, but sustained movement between $0.12 and $0.18 remains a challenge.
🔸 Insights from #TON and #ADA Coins
TON Coin recently surpassed the $7.67 resistance but was affected by the BTC downturn. If the 20-day EMA at $7.39 is breached, support at the 50-day SMA at $7 might be tested, potentially dropping to $6.6. A bearish pattern suggests a target as low as $5.5. However, reclaiming the 20-day EMA could push the rally to $10, with intermediate resistances at $7.87 and $8.29.
ADA Coin is currently fluctuating between $0.4 and $0.35. The bearish trend seems to be gaining strength, with a break below $0.35 potentially driving the price down to $0.28. This highlights the ongoing supply-demand imbalance favoring the bears.
🔺 Also Read: LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders
$XRP Market Outlook:
Crypto Watch: XRP's price is showing a slight decline:
Current Price: $0.4721
24h Change: -0.63%
Technical Indicators:
- MA(7): $0.4736
- MA(25): $0.4743
- MA(99): $0.4763
Price below moving averages suggests a bearish trend may be forming.
Volume Analysis:
- 24h Volume: 124.29M XRP
Market Pulse:
- Dominance of red candlesticks indicates a cautious stance by investors.
Investor's Note: Neutral market sentiment prevails, with XRP holding stronger than most alts. Watch for a potential breakout above the 200-day moving average for an uptrend signal.
#XRP #Ripple #CryptoAnalysis #MarketTrend #Write2Earn!
Crypto Watch: XRP's price is showing a slight decline:
Current Price: $0.4721
24h Change: -0.63%
Technical Indicators:
- MA(7): $0.4736
- MA(25): $0.4743
- MA(99): $0.4763
Price below moving averages suggests a bearish trend may be forming.
Volume Analysis:
- 24h Volume: 124.29M XRP
Market Pulse:
- Dominance of red candlesticks indicates a cautious stance by investors.
Investor's Note: Neutral market sentiment prevails, with XRP holding stronger than most alts. Watch for a potential breakout above the 200-day moving average for an uptrend signal.
#XRP #Ripple #CryptoAnalysis #MarketTrend #Write2Earn!
$XRP on the Rise? A Technical Look!
Crypto traders, XRP (Ripple) is showing signs of life with a recent uptick in price.
Market Update:
- Current Price: $0.4789
- 24h High/Low: $0.4811 / $0.4715
- Volume: Trading is active with over 230.71M XRP exchanged.
Technical Insights:
- Moving Averages: Indicate a need for cautious analysis:
- MA(7): 0.4789
- MA(25): 0.4790
Investor's Angle:
- Despite bearish signals from MAs, the recent price increase could suggest a shift in momentum.
- Neutral technical indicators call for a watchful approach to catch the next trend.
Stay informed and make strategic decisions with XRP!
#XRP #Write2Earn! #CryptoMarket #TechnicalAnalysis #CryptocurrencyTrading
Crypto traders, XRP (Ripple) is showing signs of life with a recent uptick in price.
Market Update:
- Current Price: $0.4789
- 24h High/Low: $0.4811 / $0.4715
- Volume: Trading is active with over 230.71M XRP exchanged.
Technical Insights:
- Moving Averages: Indicate a need for cautious analysis:
- MA(7): 0.4789
- MA(25): 0.4790
Investor's Angle:
- Despite bearish signals from MAs, the recent price increase could suggest a shift in momentum.
- Neutral technical indicators call for a watchful approach to catch the next trend.
Stay informed and make strategic decisions with XRP!
#XRP #Write2Earn! #CryptoMarket #TechnicalAnalysis #CryptocurrencyTrading
🤖😱Ripple (XRP) price prediction from artificial intelligence!🤖🚀
#artificialintelligence made a prediction for Ripple (#XRP ), which most crypto investors follow closely.
Short Term Forecast (Next Few Weeks)
Current Price: $0.46628
Support Level: $0.45
Resistance Levels: $0.50 and $0.55
In the short term, XRP is expected to consolidate around the $0.45 support level. If this support holds, we could see a small rise towards the $0.50 resistance. Positive market sentiment or positive news could push the price to test the $0.55 range.
Medium term XRP analysis
Scenario 1: XRP could return to the $0.55 resistance level if it gains upward momentum due to a broader market recovery or positive developments. Breaking this resistance could push the price towards $0.60.
Scenario 2: If the downtrend continues and XRP falls below the $0.45 support, it could test lower support levels around $0.40 or even $0.35.
Long-term XRP analysis
Bullish Scenario: Assuming that the bullish momentum continues and positive developments specific to XRP continue, the price may surpass the $0.55 resistance level and target $0.60. The continued rise could see XRP hit the $0.65 to $0.70 target.
Bearish Scenario: If market sentiment remains bearish or XRP encounters some negative developments, the price may decline and test the support levels between $0.40 and $0.35. Sustained bearish momentum could push the price below $0.35 and potentially stabilize between $0.30 and $0.25.
Indicators to follow for XRP
RSI (Relative Strength Index): Monitoring RSI levels can help identify overbought or oversold conditions, indicating potential price reversals.
MACD (Moving Average Convergence Divergence): Watching bullish or bearish crossovers can indicate trend changes.
Volume Analysis: While significant increases in trading volume, especially on bullish days, may support bullish forecasts, low volume may indicate a lack of strong buying interest.
#binance #ripple
#artificialintelligence made a prediction for Ripple (#XRP ), which most crypto investors follow closely.
Short Term Forecast (Next Few Weeks)
Current Price: $0.46628
Support Level: $0.45
Resistance Levels: $0.50 and $0.55
In the short term, XRP is expected to consolidate around the $0.45 support level. If this support holds, we could see a small rise towards the $0.50 resistance. Positive market sentiment or positive news could push the price to test the $0.55 range.
Medium term XRP analysis
Scenario 1: XRP could return to the $0.55 resistance level if it gains upward momentum due to a broader market recovery or positive developments. Breaking this resistance could push the price towards $0.60.
Scenario 2: If the downtrend continues and XRP falls below the $0.45 support, it could test lower support levels around $0.40 or even $0.35.
Long-term XRP analysis
Bullish Scenario: Assuming that the bullish momentum continues and positive developments specific to XRP continue, the price may surpass the $0.55 resistance level and target $0.60. The continued rise could see XRP hit the $0.65 to $0.70 target.
Bearish Scenario: If market sentiment remains bearish or XRP encounters some negative developments, the price may decline and test the support levels between $0.40 and $0.35. Sustained bearish momentum could push the price below $0.35 and potentially stabilize between $0.30 and $0.25.
Indicators to follow for XRP
RSI (Relative Strength Index): Monitoring RSI levels can help identify overbought or oversold conditions, indicating potential price reversals.
MACD (Moving Average Convergence Divergence): Watching bullish or bearish crossovers can indicate trend changes.
Volume Analysis: While significant increases in trading volume, especially on bullish days, may support bullish forecasts, low volume may indicate a lack of strong buying interest.
#binance #ripple
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
Here are some points to become profitable in future trading.
1. Understand the futures market, trading concepts, and different types of contracts. Utilize online courses, books, and reputable financial websites.
2. Develop a solid trading strategy. This could include technical analysis, fundamental analysis, or a combination of both.
3. Set clear risk management rules. Never risk more than you can afford to lose, use stop-loss orders, and diversify your trades.
4. Stick to your trading plan, avoid emotional decisions, and be patient. Profitable trading often involves waiting for the right opportunities.
5. Use demo accounts to practice your strategies without risking real money.
6. Stay updated with market news, economic indicators, and refine your strategies based on past performance and new information.
By combining these elements, you can increase your chances of becoming profitable in futures trading.#BTC #XRP #Write2Earn #Megadrop #BinanceTournament
1. Understand the futures market, trading concepts, and different types of contracts. Utilize online courses, books, and reputable financial websites.
2. Develop a solid trading strategy. This could include technical analysis, fundamental analysis, or a combination of both.
3. Set clear risk management rules. Never risk more than you can afford to lose, use stop-loss orders, and diversify your trades.
4. Stick to your trading plan, avoid emotional decisions, and be patient. Profitable trading often involves waiting for the right opportunities.
5. Use demo accounts to practice your strategies without risking real money.
6. Stay updated with market news, economic indicators, and refine your strategies based on past performance and new information.
By combining these elements, you can increase your chances of becoming profitable in futures trading.#BTC #XRP #Write2Earn #Megadrop #BinanceTournament
🏛️ Will Ripple Settle? Lawyer’s Weighs in on Ripple vs SEC Settlement, Appeal, and Much More
The crypto community is eagerly waiting for the final judgment in the high-profile lawsuit between Ripple and the US SEC. The case, which involves potential fines totaling $2 billion, is crucial for the future of crypto regulation.
🔸 Possibility of Settlement
Weighing on the matter, prominent lawyers, including former SEC attorneys Marc Fagel and James Farrell, believe that a settlement is still possible. Jeremy Hogan, a partner at Hogan & Hogan, notes that while a settlement is possible, however, it seems unlikely given Ripple’s recent victories. The SEC aims to unseal filings that could influence the penalty amount, but Ripple has contested the relevance of historical contracts.
🔸 Experts Weigh In on Appeal Considerations
Having said that, the lawyers believe there is a lesser chance that the SEC will appeal XRP’s security status. Former SEC Crypto Enforcement Chief Kristina Littman suggests the SEC may not appeal Judge Torres’ decision on XRP, opting to keep it as a District Court opinion rather than risk a Circuit Court review.
The Second Circuit Court’s recent ruling that secondary crypto sales are not securities supports Judge Torres’ decision on XRP. Whereas Coinbase’s CLO, Paul Grewal, highlighted this as a major victory for the crypto industry. While, Lawyer James Murphy, aka MetaLawMan, believes tokens in the Coinbase case aren’t securities.
Plus, Empower Oversight’s president, Tristan Leavitt, noted suspicious “no relevant records” responses from the SEC, prompting a new FOIA request for more records.
🔸 Timeline for the Final Ruling
Lawyers, including Fred Rispoli, anticipate that Judge Torres could announce a final judgment on remedies and injunction within 60 to 90 days after the last brief, potentially bypassing the need for additional rulings on expert witnesses. Given the ongoing developments and possible delays due to the election year, the final ruling is expected between August and September.
#XRP
The crypto community is eagerly waiting for the final judgment in the high-profile lawsuit between Ripple and the US SEC. The case, which involves potential fines totaling $2 billion, is crucial for the future of crypto regulation.
🔸 Possibility of Settlement
Weighing on the matter, prominent lawyers, including former SEC attorneys Marc Fagel and James Farrell, believe that a settlement is still possible. Jeremy Hogan, a partner at Hogan & Hogan, notes that while a settlement is possible, however, it seems unlikely given Ripple’s recent victories. The SEC aims to unseal filings that could influence the penalty amount, but Ripple has contested the relevance of historical contracts.
🔸 Experts Weigh In on Appeal Considerations
Having said that, the lawyers believe there is a lesser chance that the SEC will appeal XRP’s security status. Former SEC Crypto Enforcement Chief Kristina Littman suggests the SEC may not appeal Judge Torres’ decision on XRP, opting to keep it as a District Court opinion rather than risk a Circuit Court review.
The Second Circuit Court’s recent ruling that secondary crypto sales are not securities supports Judge Torres’ decision on XRP. Whereas Coinbase’s CLO, Paul Grewal, highlighted this as a major victory for the crypto industry. While, Lawyer James Murphy, aka MetaLawMan, believes tokens in the Coinbase case aren’t securities.
Plus, Empower Oversight’s president, Tristan Leavitt, noted suspicious “no relevant records” responses from the SEC, prompting a new FOIA request for more records.
🔸 Timeline for the Final Ruling
Lawyers, including Fred Rispoli, anticipate that Judge Torres could announce a final judgment on remedies and injunction within 60 to 90 days after the last brief, potentially bypassing the need for additional rulings on expert witnesses. Given the ongoing developments and possible delays due to the election year, the final ruling is expected between August and September.
#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.“
