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Price Momentum $XRP Slowing, RCO Finance Targets Growth in Q2 2025
After experiencing a significant increase along with the overall market, XRP's price momentum is now starting to slow down. As a result, investors are reportedly starting to turn their attention to RCO Finance, which is ambitiously targeting growth in the second quarter of 2025.
With the presale still ongoing, let's explore why you should take advantage of this investment opportunity!
As XRP's price momentum slows down, RCO Finance is not only focused on growth but also revolutionizing the way investors interact with cryptocurrency trading. At the forefront of integrating crypto with traditional financial assets, RCO Finance has an innovative AI-powered trading platform.
At the heart of RCO Finance is its cutting-edge robo-advisor, a tool that is changing the way crypto trading is done. Unlike traditional investment tools, this robo-advisor uses advanced algorithms to analyze market trends and develop a customized investment strategy for each user.
RCO Finance's robo-advisor stands out for its affordability. Unlike traditional advisors with high fees, AI-powered tools offer professional investment management at a lower cost. By automating the process, users can implement expert strategies without the high costs.
In addition, RCO Finance provides a comprehensive suite of DeFi services. Through its Automated Market Maker (AMM), users can participate in staking, lending, yield farming, and liquidity provision. These features provide RCOF token holders with the opportunity to expand their financial opportunities in the DeFi ecosystem.
RCO Finance prioritizes transparency in its operations. To protect user funds, the platform’s smart contracts have been thoroughly audited by SolidProof, a trusted security firm in the crypto space. Furthermore, the platform is targeting full regulation and licensing in the EU and globally after launch.
#XRPnews #marketupdate
After experiencing a significant increase along with the overall market, XRP's price momentum is now starting to slow down. As a result, investors are reportedly starting to turn their attention to RCO Finance, which is ambitiously targeting growth in the second quarter of 2025.
With the presale still ongoing, let's explore why you should take advantage of this investment opportunity!
As XRP's price momentum slows down, RCO Finance is not only focused on growth but also revolutionizing the way investors interact with cryptocurrency trading. At the forefront of integrating crypto with traditional financial assets, RCO Finance has an innovative AI-powered trading platform.
At the heart of RCO Finance is its cutting-edge robo-advisor, a tool that is changing the way crypto trading is done. Unlike traditional investment tools, this robo-advisor uses advanced algorithms to analyze market trends and develop a customized investment strategy for each user.
RCO Finance's robo-advisor stands out for its affordability. Unlike traditional advisors with high fees, AI-powered tools offer professional investment management at a lower cost. By automating the process, users can implement expert strategies without the high costs.
In addition, RCO Finance provides a comprehensive suite of DeFi services. Through its Automated Market Maker (AMM), users can participate in staking, lending, yield farming, and liquidity provision. These features provide RCOF token holders with the opportunity to expand their financial opportunities in the DeFi ecosystem.
RCO Finance prioritizes transparency in its operations. To protect user funds, the platform’s smart contracts have been thoroughly audited by SolidProof, a trusted security firm in the crypto space. Furthermore, the platform is targeting full regulation and licensing in the EU and globally after launch.
#XRPnews #marketupdate
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Christmas Watchlist: XRP and ADA Poised for Growth
As the holiday season approaches, the cryptocurrency market is abuzz with activity. There have been interesting updates regarding XRP, ADA and the new token MTAUR. This article will discuss the latest developments and how it could impact their growth.
Ripple, the company behind XRP, recently introduced RLSUD. This is a stablecoin that is fully backed by US dollar deposits and government bonds and government bonds. The goal is to bring more stability and liquidity to the Ripple ecosystem. Many believe this move will strengthen Ripple in global payments and increase interest in the XRP coin.
Ripple, the company behind XRP, recently introduced RLSUD. This is a stablecoin that is fully backed by US dollar deposits and government bonds and government bonds. The goal is to bring more stability and liquidity to the Ripple ecosystem. Many believe this move will strengthen Ripple in global payments and increase interest in the XRP coin.
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Crypto Market Remains Unfazed by Fed's 25bps Rate Cut
The Federal Reserve cut interest rates by 25 basis points on Dec. 18, setting the upper limit at 4.50%, as expected. While rate cuts are typically bullish for crypto, the market remained unimpressed.
In the past 24 hours, crypto assets have fallen 4%, reflecting concerns over the Fed's projections of higher inflation in 2025 and plans for only two interest rate cuts next year.
The Fed’s latest projections create a mixed outlook for digital assets. While lower interest rates signal a more dovish monetary policy, higher inflation expectations and a slower pace of rate cuts temper optimism.
In the past 24 hours, crypto assets have fallen 4%, reflecting concerns over the Fed's projections of higher inflation in 2025 and plans for only two interest rate cuts next year.
The Fed’s latest projections create a mixed outlook for digital assets. While lower interest rates signal a more dovish monetary policy, higher inflation expectations and a slower pace of rate cuts temper optimism.
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Analysts Spotlight XRP, TRON, and Lunex Network For 2025
XRP could have its own ETF approved by the SEC in the near future which is likely to trigger massive capital inflows. TRON is also expected to continue its uptrend by surging towards its all-time high before the end of Q4. Meanwhile, Lunex Network emerged as one of the biggest gainers in the Q4 altseason after raising nearly $5 million in a short period.
XRP price has risen significantly by 301.9% over the past month due to the sudden surge in demand. XRP is currently regaining investor confidence after a long period of trading, and analysts expect XRP to make a major comeback in the market.
As Ripple’s long battle with the SEC is likely to end during the Trump administration, XRP’s ETF application could also potentially be approved in early 2025. In that case, XRP is likely to see greater adoption and capital inflows.
XRP is currently trading at $2.36 after a 4.74% intraday surge. XRP volume also increased by 12.49%, reflecting high buying activity. As XRP’s RSI has recovered to neutral levels, analysts believe XRP could surge towards price targets of $2.93 and $4.40 by the end of Q4.
TRON recently hit a new all-time high of $0.43 before entering a brief correction phase. As TRON is gaining attention in the blockchain space for its focus on dApps and DeFi services, market experts believe that TRON price could reach $0.50 before 2025.
TRON is currently trading at $0.2713 after an intraday gain of 3.04%. TRON’s trading volume also increased by 1.04% in the last 24 hours, which usually signals buying activity. As TRON’s RSI is in the neutral zone, analysts are waiting for TRON’s MACD indicator to turn positive to take it as a bullish continuation signal.
If TRON strengthens further, analysts believe that TRON could set a short-term target of $0.33 before testing the $0.50 level.
XRP could have its own ETF approved by the SEC in the near future which is likely to trigger massive capital inflows. TRON is also expected to continue its uptrend by surging towards its all-time high before the end of Q4. Meanwhile, Lunex Network emerged as one of the biggest gainers in the Q4 altseason after raising nearly $5 million in a short period.
XRP price has risen significantly by 301.9% over the past month due to the sudden surge in demand. XRP is currently regaining investor confidence after a long period of trading, and analysts expect XRP to make a major comeback in the market.
As Ripple’s long battle with the SEC is likely to end during the Trump administration, XRP’s ETF application could also potentially be approved in early 2025. In that case, XRP is likely to see greater adoption and capital inflows.
XRP is currently trading at $2.36 after a 4.74% intraday surge. XRP volume also increased by 12.49%, reflecting high buying activity. As XRP’s RSI has recovered to neutral levels, analysts believe XRP could surge towards price targets of $2.93 and $4.40 by the end of Q4.
TRON recently hit a new all-time high of $0.43 before entering a brief correction phase. As TRON is gaining attention in the blockchain space for its focus on dApps and DeFi services, market experts believe that TRON price could reach $0.50 before 2025.
TRON is currently trading at $0.2713 after an intraday gain of 3.04%. TRON’s trading volume also increased by 1.04% in the last 24 hours, which usually signals buying activity. As TRON’s RSI is in the neutral zone, analysts are waiting for TRON’s MACD indicator to turn positive to take it as a bullish continuation signal.
If TRON strengthens further, analysts believe that TRON could set a short-term target of $0.33 before testing the $0.50 level.
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2 Crypto Assets That Show Potential For A Surge
As 2024 draws to a close, investors are looking to see which crypto assets will boost their portfolios in 2025. With hundreds of projects to choose from, Cardano (ADA) and Hedera (HBAR) stand out with their unique potential, and investors are turning their attention to them.
1. Cardano’s token has seen a significant surge since early November, up 272%. ADA’s surge has sparked excitement among investors who believe that ADA could rally massively before the year is out.
2. HBAR has broken above its 200-day short-term moving average (SMA), creating a golden cross. This bullish pattern has sparked increased buying activity as HBAR positions itself for a 20x rally in the coming weeks.
Other factors, such as increased network adoption and positive investor sentiment, have also contributed to Hedera’s rise. As Hedera continues to grow and expand its ecosystem, investors looking for a project to build their portfolios are considering it.
With experts anticipating a HBAR breakout to $0.50, Hedera continues to show its potential for success.
As 2024 draws to a close, investors are looking to see which crypto assets will boost their portfolios in 2025. With hundreds of projects to choose from, Cardano (ADA) and Hedera (HBAR) stand out with their unique potential, and investors are turning their attention to them.
1. Cardano’s token has seen a significant surge since early November, up 272%. ADA’s surge has sparked excitement among investors who believe that ADA could rally massively before the year is out.
2. HBAR has broken above its 200-day short-term moving average (SMA), creating a golden cross. This bullish pattern has sparked increased buying activity as HBAR positions itself for a 20x rally in the coming weeks.
Other factors, such as increased network adoption and positive investor sentiment, have also contributed to Hedera’s rise. As Hedera continues to grow and expand its ecosystem, investors looking for a project to build their portfolios are considering it.
With experts anticipating a HBAR breakout to $0.50, Hedera continues to show its potential for success.
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5 Crypto Agendas to Watch This Week
This week, the crypto market presents several important agendas that can affect the price and direction of various digital assets. This was conveyed by a crypto market observer with the account name X 'The DeFi Investor'.
In his presentation, the observer highlighted 5 cryptos that will experience important events. Based on the results of his summary, here is The DeFi Investor's explanation regarding the five agendas:
1. BTC - Microsoft Considers Buying Bitcoin
On December 10, Microsoft shareholders will vote to decide whether the technology company will buy Bitcoin and add it to its asset reserves. If approved, it could be a milestone in the adoption of Bitcoin by large companies.
2. FRX - Token Update and New Roadmap
Frax Finance (FRX), the platform behind the FXS token, plans to announce a major update to its token as well as a new roadmap in the coming days. These changes are expected to bring a new direction to the project and attract the attention of its community.
3. POL – Agglayer v0.2 Testnet Launch
Polygon (POL) will launch its Agglayer v0.2 testnet on December 9. This technology will allow multiple blockchain networks to connect and operate together, solidifying Polygon’s position as one of the leading blockchain solutions.
4. MAGIC – Major Announcement from Gaming Ecosystem
Treasure Dao (MAGIC), a blockchain-based gaming ecosystem, will make a major announcement on December 11. As one of the major players in the blockchain gaming sector, this news has the potential to impact the value of MAGIC and the appeal of related projects.
5. APT – $165 Million Token Unlock
On December 11, approximately $165 million in APT tokens will be unlocked, mostly to early investors and core contributors. This unlock could impact the market price of APT, depending on how token holders decide to manage it.
$BTC $APT $MAGIC #NewSignal
This week, the crypto market presents several important agendas that can affect the price and direction of various digital assets. This was conveyed by a crypto market observer with the account name X 'The DeFi Investor'.
In his presentation, the observer highlighted 5 cryptos that will experience important events. Based on the results of his summary, here is The DeFi Investor's explanation regarding the five agendas:
1. BTC - Microsoft Considers Buying Bitcoin
On December 10, Microsoft shareholders will vote to decide whether the technology company will buy Bitcoin and add it to its asset reserves. If approved, it could be a milestone in the adoption of Bitcoin by large companies.
2. FRX - Token Update and New Roadmap
Frax Finance (FRX), the platform behind the FXS token, plans to announce a major update to its token as well as a new roadmap in the coming days. These changes are expected to bring a new direction to the project and attract the attention of its community.
3. POL – Agglayer v0.2 Testnet Launch
Polygon (POL) will launch its Agglayer v0.2 testnet on December 9. This technology will allow multiple blockchain networks to connect and operate together, solidifying Polygon’s position as one of the leading blockchain solutions.
4. MAGIC – Major Announcement from Gaming Ecosystem
Treasure Dao (MAGIC), a blockchain-based gaming ecosystem, will make a major announcement on December 11. As one of the major players in the blockchain gaming sector, this news has the potential to impact the value of MAGIC and the appeal of related projects.
5. APT – $165 Million Token Unlock
On December 11, approximately $165 million in APT tokens will be unlocked, mostly to early investors and core contributors. This unlock could impact the market price of APT, depending on how token holders decide to manage it.
$BTC $APT $MAGIC #NewSignal
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Microsoft Rejects Bitcoin Backup Plan, as $ADA Cardano, $XRP Lead Market Recovery
The cryptocurrency sector’s valuation held steady at $3.37 trillion on Tuesday, halting a $13 billion outflow over the past 24 hours.
1. Marathon Digital (MARA), the largest cryptocurrency miner, announced a $1.1 billion Bitcoin purchase after issuing convertible notes.
2. In the derivatives market, 288,367 traders were liquidated, with $626 million in long positions wiped out, accounting for 77% of the total $809 million in liquidations.
Amid the escalating geopolitical crisis, the global crypto market crash on Monday saw liquidations worth over $1.5 billion, triggering double-digit losses across the top-ranked digital assets.
However, as Bitcoin price rebounded to $97,000 after dropping to $94,200 in a 24-hour period, the altcoin market showed signs of recovery. On Tuesday, Ripple (XRP), Cardano (ADA), and Binance Coin (BNB) all reclaimed key resistance levels.
Ripple secured a crucial approval from New York State regulators for its newly launched RLUSD stablecoin on Tuesday, giving an additional boost to the bull market.
Cardano (ADA) regained the crucial psychological support of $1 after a hack of the team’s official Twitter account exacerbated a 15.8% decline to $0.91 on Monday.
Binance Coin (BNB) pushed above $680 at the time of writing, as the native coin continues to attract demand amid increased trading activity on exchanges.
Ethereum price has been experiencing high volatility since early December, with the bullish momentum from Trump’s regulatory changes being canceled out by geopolitical risk factors.
After breaking through the $4,000 level on December 6 for the first time in three years, ETH prices have experienced a sharp 10% correction, falling as low as $3,519 on Tuesday.
Despite the volatile price swings, on-chain data trends suggest that Ethereum’s largest investors remain reluctant to sell into the FUD (Fear, Uncertainty, and Doubt) market.
The cryptocurrency sector’s valuation held steady at $3.37 trillion on Tuesday, halting a $13 billion outflow over the past 24 hours.
1. Marathon Digital (MARA), the largest cryptocurrency miner, announced a $1.1 billion Bitcoin purchase after issuing convertible notes.
2. In the derivatives market, 288,367 traders were liquidated, with $626 million in long positions wiped out, accounting for 77% of the total $809 million in liquidations.
Amid the escalating geopolitical crisis, the global crypto market crash on Monday saw liquidations worth over $1.5 billion, triggering double-digit losses across the top-ranked digital assets.
However, as Bitcoin price rebounded to $97,000 after dropping to $94,200 in a 24-hour period, the altcoin market showed signs of recovery. On Tuesday, Ripple (XRP), Cardano (ADA), and Binance Coin (BNB) all reclaimed key resistance levels.
Ripple secured a crucial approval from New York State regulators for its newly launched RLUSD stablecoin on Tuesday, giving an additional boost to the bull market.
Cardano (ADA) regained the crucial psychological support of $1 after a hack of the team’s official Twitter account exacerbated a 15.8% decline to $0.91 on Monday.
Binance Coin (BNB) pushed above $680 at the time of writing, as the native coin continues to attract demand amid increased trading activity on exchanges.
Ethereum price has been experiencing high volatility since early December, with the bullish momentum from Trump’s regulatory changes being canceled out by geopolitical risk factors.
After breaking through the $4,000 level on December 6 for the first time in three years, ETH prices have experienced a sharp 10% correction, falling as low as $3,519 on Tuesday.
Despite the volatile price swings, on-chain data trends suggest that Ethereum’s largest investors remain reluctant to sell into the FUD (Fear, Uncertainty, and Doubt) market.
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Can $XRP Reach $3? Bearish Momentum Causes Investors to Diversify with Lunex Network and TRON
After an impressive 400% rally, Ripple’s (XRP) momentum has stalled as investors start taking profits. Meanwhile, Tron is showing signs of strength after pulling back to a recent high.
A newcomer is also gaining significant traction – Lunex Network, which is set to redefine the DEX space with its innovative cross-chain platform.
In one nearly unbroken move, Ripple (XRP) surged to $2.84, a level not seen since early 2018. However, the surge lost steam as resistance mounted, forcing a retracement in Ripple’s price. Currently, Ripple is consolidating around $2.50 after buyers stepped in to scoop up the dip to $2.25.
During this surge, Ripple rose to $142 billion, which made it surpass Solana, BNB, and even Tether, placing XRP as the third-largest cryptocurrency in the market. Additionally, after months of rigorous testing, the launch of Ripple’s RLUSD stablecoin is approaching.
This will put Ripple at the forefront of the stablecoin industry and will likely lead to a new rally that could see XRP regain $3 by the end of the year.
#BecomeCreator #marketupdate #XRPnews
After an impressive 400% rally, Ripple’s (XRP) momentum has stalled as investors start taking profits. Meanwhile, Tron is showing signs of strength after pulling back to a recent high.
A newcomer is also gaining significant traction – Lunex Network, which is set to redefine the DEX space with its innovative cross-chain platform.
In one nearly unbroken move, Ripple (XRP) surged to $2.84, a level not seen since early 2018. However, the surge lost steam as resistance mounted, forcing a retracement in Ripple’s price. Currently, Ripple is consolidating around $2.50 after buyers stepped in to scoop up the dip to $2.25.
During this surge, Ripple rose to $142 billion, which made it surpass Solana, BNB, and even Tether, placing XRP as the third-largest cryptocurrency in the market. Additionally, after months of rigorous testing, the launch of Ripple’s RLUSD stablecoin is approaching.
This will put Ripple at the forefront of the stablecoin industry and will likely lead to a new rally that could see XRP regain $3 by the end of the year.
#BecomeCreator #marketupdate #XRPnews
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$XRP Ripple’s Stablecoin Will Challenge Tether and Circle’s Dominance
Ripple first announced plans for RLUSD in April, positioning it as a competitor to Tether’s USDT and Circle’s USDC. In August, Ripple began testing the stablecoin on the XRP Ledger and Ethereum mainnet.
In October, the company revealed partnerships with major exchanges, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Ripple executives projected RLUSD could reach a market cap of $2 trillion by 2028.
BeInCrypto previously reported that the NYDFS was on track to approve Ripple’s stablecoin in the first week of December. However, delays in regulatory scrutiny raised concerns that approval might not come before Christmas.
So today’s approval came as a surprise to the market, and the price of XRP responded quickly. XRP surged nearly 10% within an hour of the NYDFS announcement. Earlier in the day, the token briefly dipped below $2.
Donald Trump’s re-election in November has fueled renewed optimism among the XRP community. Last month, current SEC Chairman Gary Gensler announced his resignation, having been a staunch critic of Ripple.
Under Gensler’s direction, Ripple has faced a lengthy legal battle with the SEC. However, these regulatory challenges are likely to ease, as Trump recently appointed pro-crypto candidate Paul Atkins.
Additionally, Ripple reported significant growth in Q3, driven by higher transaction volumes on the XRP Ledger and increased institutional interest in its XRP token.
During Q3, the Chicago Mercantile Exchange (CME) introduced an XRP reference price, while Bitnomial revealed plans to launch an XRP futures product. Other financial institutions, including Bitwise, Canary Capital, WisdomTree, and 21Shares, have filed applications for XRP ETFs.#XRPnews $XRP
Ripple first announced plans for RLUSD in April, positioning it as a competitor to Tether’s USDT and Circle’s USDC. In August, Ripple began testing the stablecoin on the XRP Ledger and Ethereum mainnet.
In October, the company revealed partnerships with major exchanges, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Ripple executives projected RLUSD could reach a market cap of $2 trillion by 2028.
BeInCrypto previously reported that the NYDFS was on track to approve Ripple’s stablecoin in the first week of December. However, delays in regulatory scrutiny raised concerns that approval might not come before Christmas.
So today’s approval came as a surprise to the market, and the price of XRP responded quickly. XRP surged nearly 10% within an hour of the NYDFS announcement. Earlier in the day, the token briefly dipped below $2.
Donald Trump’s re-election in November has fueled renewed optimism among the XRP community. Last month, current SEC Chairman Gary Gensler announced his resignation, having been a staunch critic of Ripple.
Under Gensler’s direction, Ripple has faced a lengthy legal battle with the SEC. However, these regulatory challenges are likely to ease, as Trump recently appointed pro-crypto candidate Paul Atkins.
Additionally, Ripple reported significant growth in Q3, driven by higher transaction volumes on the XRP Ledger and increased institutional interest in its XRP token.
During Q3, the Chicago Mercantile Exchange (CME) introduced an XRP reference price, while Bitnomial revealed plans to launch an XRP futures product. Other financial institutions, including Bitwise, Canary Capital, WisdomTree, and 21Shares, have filed applications for XRP ETFs.#XRPnews $XRP
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Bitcoin (BTC) has successfully broken through the psychological level of US$100,000, many people are questioning whether it is too late to enlarge the investment portfolio or vice versa.
Since its price broke to the highest level in the range of US$103,630, the price of BTC has continued to move in the range of US$98,000 to US$100,000. Even so, in trading last Friday, the number one crypto asset had anchored at US$97,093, before finally soaring back to US$100,000 the following day.
This is important because Trump has said that during his leadership, the CFTC will take control of the Bitcoin and Ethereum markets. In addition, according to Fyqieh, a pro-crypto nomination will pave the way for BTC to become a US strategic reserve asset.
On the other hand, the movement of Bitcoin from the closed crypto exchange, Mt. Gox and the US government must also get more attention from investors. This is because the price of Bitcoin could face further selling pressure if there is a large movement from each entity.
As happened last Thursday. At that time, Mt. Gox moved $2.43 billion in BTC to a new wallet, sparking concerns about oversupply in the market.
“Mt. Gox currently holds 39,878 BTC, equivalent to $3.92 billion, to be returned to investors. The crypto community expects lenders to cash out large profits after getting their BTC returns. The large transfer likely contributed to the BTC decline. #btcupdates $BTC
Since its price broke to the highest level in the range of US$103,630, the price of BTC has continued to move in the range of US$98,000 to US$100,000. Even so, in trading last Friday, the number one crypto asset had anchored at US$97,093, before finally soaring back to US$100,000 the following day.
This is important because Trump has said that during his leadership, the CFTC will take control of the Bitcoin and Ethereum markets. In addition, according to Fyqieh, a pro-crypto nomination will pave the way for BTC to become a US strategic reserve asset.
On the other hand, the movement of Bitcoin from the closed crypto exchange, Mt. Gox and the US government must also get more attention from investors. This is because the price of Bitcoin could face further selling pressure if there is a large movement from each entity.
As happened last Thursday. At that time, Mt. Gox moved $2.43 billion in BTC to a new wallet, sparking concerns about oversupply in the market.
“Mt. Gox currently holds 39,878 BTC, equivalent to $3.92 billion, to be returned to investors. The crypto community expects lenders to cash out large profits after getting their BTC returns. The large transfer likely contributed to the BTC decline. #btcupdates $BTC
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Price Prediction #xrp : Keeping Support Intact
XRP price is currently at $2.14, around 54% of its previous ATH of $3.31. While the altcoin is holding above the critical support level of $2.00, the path to a new ATH looks challenging. The combination of weakening bullish momentum and increasing bearish sentiment suggests that a move past $3.31 may not be possible in the near term.
For XRP to maintain its bullish potential, it needs to stay above the $2.00 support level. However, if this support level fails to hold, the altcoin could see a deeper decline, possibly reaching $1.28. Losing this level would severely hurt XRP’s chances of reaching new highs.
Despite the bearish signals, if XRP can regain its footing and hold the $2.00 support, there could be room for a rebound. Investors will be watching this level closely to assess whether a recovery is possible. However, for now, the outlook looks uncertain, with significant resistance ahead.$XRP
XRP price is currently at $2.14, around 54% of its previous ATH of $3.31. While the altcoin is holding above the critical support level of $2.00, the path to a new ATH looks challenging. The combination of weakening bullish momentum and increasing bearish sentiment suggests that a move past $3.31 may not be possible in the near term.
For XRP to maintain its bullish potential, it needs to stay above the $2.00 support level. However, if this support level fails to hold, the altcoin could see a deeper decline, possibly reaching $1.28. Losing this level would severely hurt XRP’s chances of reaching new highs.
Despite the bearish signals, if XRP can regain its footing and hold the $2.00 support, there could be room for a rebound. Investors will be watching this level closely to assess whether a recovery is possible. However, for now, the outlook looks uncertain, with significant resistance ahead.$XRP
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#XRP Facing Bearishness
Ripple CEO Brad Garlinghouse recently appeared on “60 Minutes” where he spoke about XRP and crypto. Discussing the future of crypto in light of regulatory challenges, Garlinghouse stated that Ripple has been asking for clear rules.
“We’re not asking to be unregulated. We’re asking to be regulated,” Garlinghouse said.
Regulation in the crypto space has been a concern for some time now. However, with the pro-crypto Donald Trump in office, crypto enthusiasts are hoping that this could change.
However, the current XRP price outlook is not very optimistic. The Daily Active Addresses (DAA) Price Divergence has been flashing sell signals for the past few days. Rising prices and declining participation (active addresses) are bearish signs for XRP.
Historically, this development has led to price declines, and the same could happen to XRP this time around. This could be overcome by long-term investors and XRP enthusiasts who intend to HODL through bearish conditions.
In addition, the Moving Average Convergence Divergence (MACD) indicator also shows a change in momentum. After more than a month of positive momentum, the MACD is now showing signs of bearish pressure.
This change indicates that the XRP bull trend has lost steam, and a price reversal could be imminent. Investors, who were previously optimistic about XRP's potential, are now facing increasing uncertainty.
The decrease in momentum suggests that XRP may have difficulty breaking through key resistance levels. With the MACD showing a bearish crossover, many traders are reassessing their positions. This change suggests that the XRP price could face further downward pressure, making it more difficult to reach a new ATH above $3.31. $XRP #xrp
Ripple CEO Brad Garlinghouse recently appeared on “60 Minutes” where he spoke about XRP and crypto. Discussing the future of crypto in light of regulatory challenges, Garlinghouse stated that Ripple has been asking for clear rules.
“We’re not asking to be unregulated. We’re asking to be regulated,” Garlinghouse said.
Regulation in the crypto space has been a concern for some time now. However, with the pro-crypto Donald Trump in office, crypto enthusiasts are hoping that this could change.
However, the current XRP price outlook is not very optimistic. The Daily Active Addresses (DAA) Price Divergence has been flashing sell signals for the past few days. Rising prices and declining participation (active addresses) are bearish signs for XRP.
Historically, this development has led to price declines, and the same could happen to XRP this time around. This could be overcome by long-term investors and XRP enthusiasts who intend to HODL through bearish conditions.
In addition, the Moving Average Convergence Divergence (MACD) indicator also shows a change in momentum. After more than a month of positive momentum, the MACD is now showing signs of bearish pressure.
This change indicates that the XRP bull trend has lost steam, and a price reversal could be imminent. Investors, who were previously optimistic about XRP's potential, are now facing increasing uncertainty.
The decrease in momentum suggests that XRP may have difficulty breaking through key resistance levels. With the MACD showing a bearish crossover, many traders are reassessing their positions. This change suggests that the XRP price could face further downward pressure, making it more difficult to reach a new ATH above $3.31. $XRP #xrp
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#Bearish #marketupdate
The crypto market crash on December 9, 2024 was caused by 4 MAJOR converging factors:
1. Excessive Leverage and Liquidation:
Over $1.7 billion in leveraged positions were liquidated in 24 hours, Bitcoin dropped below $94,000, and Ethereum dropped 8%. This created a domino effect in the market as long and short positions were forced to close, further exacerbating the sell-off.
2. Quantum Computing Fears:
Google’s announcement of its advanced quantum chip “Willow” has raised concerns about potential threats to the security of cryptocurrencies. While not a pressing issue, some traders speculate about vulnerabilities in cryptographic defenses, causing uncertainty in the market.
3. Government Bitcoin Sell-off:
The government of Bhutan has moved a large amount of Bitcoin to exchanges, sparking fears of an increase in supply and further price decline. This mirrors the previous move that depressed Bitcoin prices.
4. Broad Market Trend:
The broader market correction associated with the pre-halving cycle also played a role. Historically, Bitcoin has gone through a pullback and re-accumulation phase before halvings, and this is consistent with the pattern seen in the decline.
These factors combined to create a perfect storm, leading to the sharp decline.$BTC $ETH $XRP
The crypto market crash on December 9, 2024 was caused by 4 MAJOR converging factors:
1. Excessive Leverage and Liquidation:
Over $1.7 billion in leveraged positions were liquidated in 24 hours, Bitcoin dropped below $94,000, and Ethereum dropped 8%. This created a domino effect in the market as long and short positions were forced to close, further exacerbating the sell-off.
2. Quantum Computing Fears:
Google’s announcement of its advanced quantum chip “Willow” has raised concerns about potential threats to the security of cryptocurrencies. While not a pressing issue, some traders speculate about vulnerabilities in cryptographic defenses, causing uncertainty in the market.
3. Government Bitcoin Sell-off:
The government of Bhutan has moved a large amount of Bitcoin to exchanges, sparking fears of an increase in supply and further price decline. This mirrors the previous move that depressed Bitcoin prices.
4. Broad Market Trend:
The broader market correction associated with the pre-halving cycle also played a role. Historically, Bitcoin has gone through a pullback and re-accumulation phase before halvings, and this is consistent with the pattern seen in the decline.
These factors combined to create a perfect storm, leading to the sharp decline.$BTC $ETH $XRP