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@AKILEES_XRP
entusiasta y evolutivo una persona que aprende del día a día y de su entorno. por eso llegué al mundo crypto en apenas 3 años. a punto de cambiarlo todo
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PENDING
Binance’s $3.5 Billion Mistake: What Really Happened with PENGU?
Big news, crypto fam—Binance just fumbled big time with the Puddy Penguins ($PENGU) listing, and it’s got everyone talking.
Here’s the deal: for the first 30 minutes after PENGU went live, Binance showed its market cap as $350 million instead of the actual $3.5 billion.
That’s not a minor slip—it’s a billion-dollar blunder that led to wild trading chaos.
Turns out, the issue was caused by a delay in updating token info from CoinMarketCap (CMC), Binance’s main data provider.
The good news? Binance jumped on the problem quickly, worked with CMC to fix it, and then owned up to the mess with a public apology.
But they didn’t stop there—traders who got caught in the madness during the 14:00 to 14:37 trading window on December 17 will be compensated with a whopping 135 million PENGU tokens in airdrops.
Binance has also promised to step up their game, with plans to explore alternative data sources and tighten reviews with CMC.
It’s a costly lesson for the exchange, and
a reminder for traders to always stay sharp, even on the biggest platforms.
Big news, crypto fam—Binance just fumbled big time with the Puddy Penguins ($PENGU) listing, and it’s got everyone talking.
Here’s the deal: for the first 30 minutes after PENGU went live, Binance showed its market cap as $350 million instead of the actual $3.5 billion.
That’s not a minor slip—it’s a billion-dollar blunder that led to wild trading chaos.
Turns out, the issue was caused by a delay in updating token info from CoinMarketCap (CMC), Binance’s main data provider.
The good news? Binance jumped on the problem quickly, worked with CMC to fix it, and then owned up to the mess with a public apology.
But they didn’t stop there—traders who got caught in the madness during the 14:00 to 14:37 trading window on December 17 will be compensated with a whopping 135 million PENGU tokens in airdrops.
Binance has also promised to step up their game, with plans to explore alternative data sources and tighten reviews with CMC.
It’s a costly lesson for the exchange, and
a reminder for traders to always stay sharp, even on the biggest platforms.
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#PENGU let's arrive at the dollar
$PENGU ayer entered with everything then dropped sharply but has stabilized and will reach $1
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a minimum of 0.80 we expect you have to hold and be attentive
$PENGU
It is possible that it will reach $1 over time
It is possible that it will reach $1 over time
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I trust in the same transcendence
I started with 70 USD, in 20 days I have this. Everything is possible.
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SCHEDULE of the CRYPTOBUS to get on and off the shopping train!!!
Rise and fall of cryptos
Times when cryptocurrencies tend to rise and fall
1. Between 1:00 AM and 4:00 AM (GMT-5)
- In this interval, cryptocurrencies usually experience corrections or declines due to the decrease in market activity after the closure of traditional markets in the US and Europe.
- Investors often close positions during this quieter phase, which can lead to a slight drop in prices.
2. At noon (12:00 PM - 1:00 PM GMT-5)
- At this time, after the cryptocurrency market has opened in Asia and has begun to stabilize, it is common to see a pause in upward movements. Some traders operating in Asia have already closed their positions and may generate drops before US traders fully activate.
1. Between 1:00 AM and 4:00 AM (GMT-5)
- In this interval, cryptocurrencies usually experience corrections or declines due to the decrease in market activity after the closure of traditional markets in the US and Europe.
- Investors often close positions during this quieter phase, which can lead to a slight drop in prices.
2. At noon (12:00 PM - 1:00 PM GMT-5)
- At this time, after the cryptocurrency market has opened in Asia and has begun to stabilize, it is common to see a pause in upward movements. Some traders operating in Asia have already closed their positions and may generate drops before US traders fully activate.
https://x.com/mrnguyen007/status/1869048034597961954?t=xI4H3kGOjSiBx8lMi4W4Tw&s=19
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I bought at 0.50 eur and accumulated 8900 xrp. now ...multiply by 0!!! I hope to double and I regret not having trusted my friend earlier. the current topic is 20000
I'm going to share my little experience with crypto $XRP . At the beginning of the year in February, I had a good amount of XRP.
XRP is around $0.47, I had accumulated around 2,020.74 XRP.
At that time, I was reaching my goal, believing a lot in a rocket, but investing the money you need is a bad thing, because the money doesn't complete the mission it needs.
Unfortunately, some unforeseen events happened and I had to sell it in March. I soon accumulated that amount worth $0.45 and sold it for $0.60, a little compared to today's price. (Oh, I was super happy about that, but imagine that same amount today)
What I learned;
Invest the money you won't need.
Don't be anxious about wanting a quick profit, unless you're a #trader, in my case I'm a #HOLDER.
I don't regret selling at that time, but if I had forgotten that amount, I would be much better off today. In Brazilian real currency, I had invested around R$500.00, which today would be around R$30,000.
How did that happen?
Time, literally time, look at the screenshot.
XRP is around $0.47, I had accumulated around 2,020.74 XRP.
At that time, I was reaching my goal, believing a lot in a rocket, but investing the money you need is a bad thing, because the money doesn't complete the mission it needs.
Unfortunately, some unforeseen events happened and I had to sell it in March. I soon accumulated that amount worth $0.45 and sold it for $0.60, a little compared to today's price. (Oh, I was super happy about that, but imagine that same amount today)
What I learned;
Invest the money you won't need.
Don't be anxious about wanting a quick profit, unless you're a #trader, in my case I'm a #HOLDER.
I don't regret selling at that time, but if I had forgotten that amount, I would be much better off today. In Brazilian real currency, I had invested around R$500.00, which today would be around R$30,000.
How did that happen?
Time, literally time, look at the screenshot.
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Now XRP is positive. And the news says that the SEC is planning to use XRP, is that true?
The RLUSD, a stablecoin backed by Ripple, has already been approved by the New York Department of Financial Services (NYDFS) and was officially launched on December 4, 2024. This stablecoin is designed to be 1:1 with the US dollar, backed by dollar deposits, US Treasury bonds, and other cash equivalents.
The RLUSD aims to complement XRP within the Ripple ecosystem, especially in cross-border payments. This stablecoin will offer greater stability and reduce volatility, which is crucial for institutional users. Ripple has also indicated that the RLUSD will integrate with XRP to leverage its liquidity and enhance its functionality in the markets.
Regarding its impact on XRP, the RLUSD could indirectly benefit the cryptocurrency by increasing the use of the Ripple network and strengthening its ecosystem. However, the price of XRP will depend on multiple factors, including the outcome of Ripple's legal case against the SEC and the general adoption of its technology.
The RLUSD, a stablecoin backed by Ripple, has already been approved by the New York Department of Financial Services (NYDFS) and was officially launched on December 4, 2024. This stablecoin is designed to be 1:1 with the US dollar, backed by dollar deposits, US Treasury bonds, and other cash equivalents.
The RLUSD aims to complement XRP within the Ripple ecosystem, especially in cross-border payments. This stablecoin will offer greater stability and reduce volatility, which is crucial for institutional users. Ripple has also indicated that the RLUSD will integrate with XRP to leverage its liquidity and enhance its functionality in the markets.
Regarding its impact on XRP, the RLUSD could indirectly benefit the cryptocurrency by increasing the use of the Ripple network and strengthening its ecosystem. However, the price of XRP will depend on multiple factors, including the outcome of Ripple's legal case against the SEC and the general adoption of its technology.
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I mentioned that I see the project well in the long term. But do not let yourself be influenced by the data.
There is no credible evidence that the SEC is planning to use XRP for its operations. Recent news about XRP focuses on the legal developments of the Ripple vs. SEC case. Currently, both parties are involved in an appeals process following the 2023 ruling that determined XRP is not a security when sold to retail investors, but it could be in institutional sales. Although there is speculation about a possible settlement between Ripple and the SEC, no future collaboration or intention from the SEC to adopt XRP for its purposes has been confirmed.
While these speculations may influence the market and generate interest, it is important to stay updated with reliable sources and verify information before making decisions based on rumors.
There is no credible evidence that the SEC is planning to use XRP for its operations. Recent news about XRP focuses on the legal developments of the Ripple vs. SEC case. Currently, both parties are involved in an appeals process following the 2023 ruling that determined XRP is not a security when sold to retail investors, but it could be in institutional sales. Although there is speculation about a possible settlement between Ripple and the SEC, no future collaboration or intention from the SEC to adopt XRP for its purposes has been confirmed.
While these speculations may influence the market and generate interest, it is important to stay updated with reliable sources and verify information before making decisions based on rumors.
Quoted content has been removed
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I think comparing this bullrun to 2021 is a mistake & we should be looking closer to 2013 & 2017. I believe the 2021 run had the wind knocked out of its sails by COVID, an overly aggressive SEC & many other factors.
This time around we should have an SEC & government that is Bitcoin/Crypto friendly. We have counties, states, & institutions rushing in to create Bitcoin reserves.
If you remember 2017 everything was flooding into Bitcoin then ETH as an entry to the ICO market, which later caused the crypto winter.
This time #Bitcoin is the target for most of these major players. Yes, there will still be an awesome Altseason. I just think those calling $150k - $250k might be a little low on their $BTC ATH estimates this time around.
Like with all bullruns outside influences play a big role, but if the US government becomes more friendly, they ease up on regulations and the world follows (as indicated), we could see a run closer to 2017, which would spill over into the rest of the market.
That fact is, we've hit adoption. Major counties are now recognizing Bitcoin. The Fed recognized it as Gold 2.0 and we're not even in 2025 yet. I believe we have a lot of room to move up in 2025. Probably not to $1M, but I think $500K is entirely possible. NFA
This time around we should have an SEC & government that is Bitcoin/Crypto friendly. We have counties, states, & institutions rushing in to create Bitcoin reserves.
If you remember 2017 everything was flooding into Bitcoin then ETH as an entry to the ICO market, which later caused the crypto winter.
This time #Bitcoin is the target for most of these major players. Yes, there will still be an awesome Altseason. I just think those calling $150k - $250k might be a little low on their $BTC ATH estimates this time around.
Like with all bullruns outside influences play a big role, but if the US government becomes more friendly, they ease up on regulations and the world follows (as indicated), we could see a run closer to 2017, which would spill over into the rest of the market.
That fact is, we've hit adoption. Major counties are now recognizing Bitcoin. The Fed recognized it as Gold 2.0 and we're not even in 2025 yet. I believe we have a lot of room to move up in 2025. Probably not to $1M, but I think $500K is entirely possible. NFA
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XRP's all-time high (ATH) was reached on January 4, 2018, when the price reached approximately $3.84 according to market average data.
Reasons behind XRP's all-time high:
1. Cryptocurrency boom in 2017-2018:
During this period, the cryptocurrency market was on a huge bull run driven by the growing interest in digital assets, ICOs (Initial Coin Offerings), and massive speculation.
Bitcoin reached its all-time high (at the time) of ~$20,000 in December 2017, dragging down other cryptocurrencies, including XRP.
2. Ripple's popularity as a payment network:
Ripple Labs, the company behind XRP, was actively promoting its technology for fast and cheap transactions between financial institutions.
It was announced that major banks and financial institutions were testing the RippleNet network, raising expectations of mass adoption.
3. Low barrier to entry:
XRP had a low price compared to Bitcoin and Ethereum, which attracted retail investors looking to buy large amounts of a cryptocurrency with high appreciation potential.
4. Speculation and hype:
During the rally, there was a strong speculative component across the market, and XRP was no exception. Its narrative as "the currency of the banks" and its speed in transactions attracted many traders.
---
What happened after XRP's all-time high?
1. Market crash:
Starting in January 2018, the cryptocurrency market entered a long bear market (crypto winter). XRP, like other cryptocurrencies, lost most of its value in the following months.
2. Legal challenges and competition:
The SEC lawsuit in December 2020 (alleging that XRP was an unregistered security) added negative pressure.
In addition, other cryptocurrencies such as Ethereum and new blockchain networks began to attract the attention of developers and investors, reducing interest in XRP.
Although XRP has not regained its all-time high since then, it remains re
Reasons behind XRP's all-time high:
1. Cryptocurrency boom in 2017-2018:
During this period, the cryptocurrency market was on a huge bull run driven by the growing interest in digital assets, ICOs (Initial Coin Offerings), and massive speculation.
Bitcoin reached its all-time high (at the time) of ~$20,000 in December 2017, dragging down other cryptocurrencies, including XRP.
2. Ripple's popularity as a payment network:
Ripple Labs, the company behind XRP, was actively promoting its technology for fast and cheap transactions between financial institutions.
It was announced that major banks and financial institutions were testing the RippleNet network, raising expectations of mass adoption.
3. Low barrier to entry:
XRP had a low price compared to Bitcoin and Ethereum, which attracted retail investors looking to buy large amounts of a cryptocurrency with high appreciation potential.
4. Speculation and hype:
During the rally, there was a strong speculative component across the market, and XRP was no exception. Its narrative as "the currency of the banks" and its speed in transactions attracted many traders.
---
What happened after XRP's all-time high?
1. Market crash:
Starting in January 2018, the cryptocurrency market entered a long bear market (crypto winter). XRP, like other cryptocurrencies, lost most of its value in the following months.
2. Legal challenges and competition:
The SEC lawsuit in December 2020 (alleging that XRP was an unregistered security) added negative pressure.
In addition, other cryptocurrencies such as Ethereum and new blockchain networks began to attract the attention of developers and investors, reducing interest in XRP.
Although XRP has not regained its all-time high since then, it remains re
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To Buy!!! It's time
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Why is the crypto market correcting downwards so strongly today?? What is causing this effect? How long will it last? This week?
Today, the cryptocurrency market is experiencing a significant correction due to several factors that are generating uncertainty among investors:
1. Excessive leverage: Large leveraged positions in multiple cryptocurrencies have been liquidated. This phenomenon creates automatic sell-offs that increase downward pressure on prices.
2. Technical divergences: Many assets, including Bitcoin and XRP, recently reached high levels but showed signs of being overbought. This has led to profit-taking sales, especially after a prolonged bullish rally.
3. Regulatory and macroeconomic concerns: Rumors of new regulations in the United States and Europe are generating fear in the markets. Additionally, the recent strength of the dollar has negatively affected riskier assets.
In the XRP ecosystem, a significant drop is expected. How far will this drop go? How much fear can influence the market? But is XRP still worth it? Supposedly, everything points to doubling the last bullish cycle of 3.84, right?
As for the duration of this correction, it will depend on how the markets react to key factors such as macroeconomic data and regulatory news. In the coming week, some volatility may continue, but if key technical levels hold, the market could stabilize or resume an upward momentum.
I suggest closely following news about macroeconomic events and trends in Bitcoin, as it usually leads market movements.
Today, the cryptocurrency market is experiencing a significant correction due to several factors that are generating uncertainty among investors:
1. Excessive leverage: Large leveraged positions in multiple cryptocurrencies have been liquidated. This phenomenon creates automatic sell-offs that increase downward pressure on prices.
2. Technical divergences: Many assets, including Bitcoin and XRP, recently reached high levels but showed signs of being overbought. This has led to profit-taking sales, especially after a prolonged bullish rally.
3. Regulatory and macroeconomic concerns: Rumors of new regulations in the United States and Europe are generating fear in the markets. Additionally, the recent strength of the dollar has negatively affected riskier assets.
In the XRP ecosystem, a significant drop is expected. How far will this drop go? How much fear can influence the market? But is XRP still worth it? Supposedly, everything points to doubling the last bullish cycle of 3.84, right?
As for the duration of this correction, it will depend on how the markets react to key factors such as macroeconomic data and regulatory news. In the coming week, some volatility may continue, but if key technical levels hold, the market could stabilize or resume an upward momentum.
I suggest closely following news about macroeconomic events and trends in Bitcoin, as it usually leads market movements.
🚨 KEEP DOING THIS AND YOU'LL LOSE MONEY 🚨
💥 A month ago, a friend of mine told me about his experience with XRP. He decided to sell a large amount of XRP, thinking the price would go down and then buy it back lower during the bullrun. He thought he had the market under control… but he couldn't have been more wrong.
👉 Result: After selling, the price kept going up, and when he finally wanted to buy back, he was left behind. He ended up losing 70 XRP just by trying to play the prices.
Why is this so risky? 🤔
1️⃣ The rise can be unstoppable:
In a bullrun, cryptocurrency prices can keep going up faster than you expect. Selling in the hope of buying cheaper can be a trap, as the market doesn't always follow expectations. The price keeps going up and you're out. 📈🚀
2️⃣ FOMO is real:
When you sell thinking you'll get a better price, you risk getting into FOMO (Fear Of Missing Out) when the price goes up more than expected. Trying to get in again can be costly. You get caught up in the wave of panic for not having bought when you had the chance. 😬💸
3️⃣ The crypto market is unpredictable:
Despite predictions, no one can predict with certainty where the market is going. Selling at a low point to buy cheaper sounds logical, but it's a risky move, as you could miss out on bigger profit opportunities if the market doesn't go down. 🔮⚠️
4️⃣ The cost of waiting:
Every time you wait for the price to go down before you re-enter, the market can keep moving forward without you. Timing is one of the most important factors in bullruns. The longer you wait, the more you risk missing out on the rally. ⏳💥
What is the best strategy? 🏆
Hodling during a bullrun gives you the opportunity to take advantage of growth without the anxiety of making moves you might regret later.
#Binance #XRP #bullrun
💥 A month ago, a friend of mine told me about his experience with XRP. He decided to sell a large amount of XRP, thinking the price would go down and then buy it back lower during the bullrun. He thought he had the market under control… but he couldn't have been more wrong.
👉 Result: After selling, the price kept going up, and when he finally wanted to buy back, he was left behind. He ended up losing 70 XRP just by trying to play the prices.
Why is this so risky? 🤔
1️⃣ The rise can be unstoppable:
In a bullrun, cryptocurrency prices can keep going up faster than you expect. Selling in the hope of buying cheaper can be a trap, as the market doesn't always follow expectations. The price keeps going up and you're out. 📈🚀
2️⃣ FOMO is real:
When you sell thinking you'll get a better price, you risk getting into FOMO (Fear Of Missing Out) when the price goes up more than expected. Trying to get in again can be costly. You get caught up in the wave of panic for not having bought when you had the chance. 😬💸
3️⃣ The crypto market is unpredictable:
Despite predictions, no one can predict with certainty where the market is going. Selling at a low point to buy cheaper sounds logical, but it's a risky move, as you could miss out on bigger profit opportunities if the market doesn't go down. 🔮⚠️
4️⃣ The cost of waiting:
Every time you wait for the price to go down before you re-enter, the market can keep moving forward without you. Timing is one of the most important factors in bullruns. The longer you wait, the more you risk missing out on the rally. ⏳💥
What is the best strategy? 🏆
Hodling during a bullrun gives you the opportunity to take advantage of growth without the anxiety of making moves you might regret later.
#Binance #XRP #bullrun
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💥 JUST IN: BlackRock’s $9 Trillion Move into #XRP! 🚀
The financial revolution is here, and #XRP is taking the lead! Here’s what you need to know: 👇
🔹 $9 Trillion Set to Flow Into XRP 🌊
BlackRock, the world’s largest asset manager, is gearing up for a massive $9T investment in XRP.
A game-changer for the crypto space and XRP holders!
🔹 XRP ETF on the Horizon 📈
BlackRock and JP Morgan announce plans to launch an $XRP ETF.
This could open the floodgates for institutional and retail investors worldwide.
🔹 The New Financial Era 🌟
XRP is emerging as the currency of choice for cross-border payments.
Positioned to lead the blockchain-based financial system.
🔹 Market Implications 🔥
Massive liquidity and price potential for XRP.
The crypto market could see a historic shift in adoption and valuation.
💡 Are you ready for XRP’s rise to global dominance? Don’t sleep on this opportunity! 🚀
👉 What’s your XRP price prediction after this news?
Share your thoughts on my pinned post plz! ⬇️
#BitwiseFiles10ETFs #XRPGoal $XRP
The financial revolution is here, and #XRP is taking the lead! Here’s what you need to know: 👇
🔹 $9 Trillion Set to Flow Into XRP 🌊
BlackRock, the world’s largest asset manager, is gearing up for a massive $9T investment in XRP.
A game-changer for the crypto space and XRP holders!
🔹 XRP ETF on the Horizon 📈
BlackRock and JP Morgan announce plans to launch an $XRP ETF.
This could open the floodgates for institutional and retail investors worldwide.
🔹 The New Financial Era 🌟
XRP is emerging as the currency of choice for cross-border payments.
Positioned to lead the blockchain-based financial system.
🔹 Market Implications 🔥
Massive liquidity and price potential for XRP.
The crypto market could see a historic shift in adoption and valuation.
💡 Are you ready for XRP’s rise to global dominance? Don’t sleep on this opportunity! 🚀
👉 What’s your XRP price prediction after this news?
Share your thoughts on my pinned post plz! ⬇️
#BitwiseFiles10ETFs #XRPGoal $XRP
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@XRP Finance
https://www.criptonoticias.com/markets/xrp-more-valuable-bnb-cryptocurrency-binance/
https://www.criptonoticias.com/markets/xrp-more-valuable-bnb-cryptocurrency-binance/
$XRP CEO Garlinghouse.
#XRP The price of $10 is not luck. It is the value below its cost. The SEC in an attempt to end it, THEY WILL NOT!
Garlinghouse has highlighted that before the litigation with the SEC, XRP was the second largest asset in the market by capitalization. He has also stated that the Trump administration is proactively engaging with the cryptocurrency industry to establish clear rules for the market as a whole.
Furthermore, regardless of the outcome of the case with the SEC, Garlinghouse has also committed to continuing to innovate and expand their services to provide more efficient and accessible payment solutions for the world.
#XRP The price of $10 is not luck. It is the value below its cost. The SEC in an attempt to end it, THEY WILL NOT!
Garlinghouse has highlighted that before the litigation with the SEC, XRP was the second largest asset in the market by capitalization. He has also stated that the Trump administration is proactively engaging with the cryptocurrency industry to establish clear rules for the market as a whole.
Furthermore, regardless of the outcome of the case with the SEC, Garlinghouse has also committed to continuing to innovate and expand their services to provide more efficient and accessible payment solutions for the world.
#XRPBullRun #BinanceSquareFamily #Binane $XRP
https://www.cointribune.com/es/ripple-lanza-rlusd-su-stablecoin-aprobada-por-el-nydfs/
https://www.cointribune.com/es/ripple-lanza-rlusd-su-stablecoin-aprobada-por-el-nydfs/
https://www.cointribune.com/en/ripple-launches-rlusd-its-stablecoin-approved-by-the-nydfs/
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https://www.cointribune.com/en/ripple-launches-rlusd-its-stablecoin-approved-by-the-nydfs/
See original
https://www.cointribune.com/es/ripple-lanza-rlusd-su-stablecoin-aprobada-por-el-nydfs/
it has already been approved for December 4 chat GTP. let's see if it rises like foam. please
it has already been approved for December 4 chat GTP. let's see if it rises like foam. please
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We Asked ChatGPT If Ripple (XRP) Can Hit a New ATH Before Christmas
TL;DR
XRP tapped a three-year high, but achieving a new ATH of over $3.84 by Christmas depends on numerous factors.
Ripple’s stablecoin, RLUSD, could positively impact XRP’s price if launched soon, but its approval by the NYDFS remains uncertain.
A Very Special Christmas for the XRP Army?
Ripple’s XRP has been making the headlines in the past few weeks, registering an impressive price increase and outperforming its rivals. On November 29, it reached a three-year high of $1.67, while some analysts believe the bull run could take it to a new all-time high before Christmas.
XRP Price, Source: CoinGecko
We decided to poke the AI brains of ChatGPT and see if it shares that thesis. The popular chatbot claimed such a scenario is unlikely but not entirely out of the cards. However, surpassing $3.84 (the ATH registered in 2018) will depend on multiple factors.
Perhaps the most important is the shift in the leadership of the US Securities and Exchange Commission (SEC). Not long ago, the current Chairman, Gary Gensler, confirmed he will step down on January 20, 2025. This has led to speculation that the next leader will be pro-crypto and not hamper the industry’s advancement with constant legal battles.
To the uninitiated, the Commission filed countless lawsuits against cryptocurrency businesses over the years. Among those is the legal tussle versus Ripple, which has been ongoing for almost four years.
According to ChatGPT, though, XRP might experience a significant pump once Gensler vacate his post. It is unlikely that he will do so before Christmas this year.
Another essential element is the overall market sentiment. The AI-powered chatbot assumed that Ripple’s native token could head north if the entire cryptocurrency sector thrived. Despite a recent correction, the market’s condition remains quite bullish, with Bitcoin (BTC) trading well above $95,000 and Ethereum (ETH) tapping a six-month high of almost $3,700.
Last but not least, ChatGPT reminded about XRP’s historical performance, noting that the asset is capable of charting double and even triple-digit gains in a short period of time.
The Potential Role of RLUSD
Another factor that may boost the valuation of XRP in the near future is the eventual launch of Ripple’s stablecoin – RLUSD. Earlier this week, X user Vet said almost all tokens have been burned, sparking rumors that the product is ready to see the light of day.
Nonetheless, the community will have to wait for approval from the NYDFS. Monica Long (president of Ripple) recently stated:
“It’s up to them. They are reviewing our trust application. It’s going to be in their hands when they are approving it.”
The post We Asked ChatGPT if Ripple (XRP) Can Hit a New ATH Before Christmas appeared first on CryptoPotato.
XRP tapped a three-year high, but achieving a new ATH of over $3.84 by Christmas depends on numerous factors.
Ripple’s stablecoin, RLUSD, could positively impact XRP’s price if launched soon, but its approval by the NYDFS remains uncertain.
A Very Special Christmas for the XRP Army?
Ripple’s XRP has been making the headlines in the past few weeks, registering an impressive price increase and outperforming its rivals. On November 29, it reached a three-year high of $1.67, while some analysts believe the bull run could take it to a new all-time high before Christmas.
XRP Price, Source: CoinGecko
We decided to poke the AI brains of ChatGPT and see if it shares that thesis. The popular chatbot claimed such a scenario is unlikely but not entirely out of the cards. However, surpassing $3.84 (the ATH registered in 2018) will depend on multiple factors.
Perhaps the most important is the shift in the leadership of the US Securities and Exchange Commission (SEC). Not long ago, the current Chairman, Gary Gensler, confirmed he will step down on January 20, 2025. This has led to speculation that the next leader will be pro-crypto and not hamper the industry’s advancement with constant legal battles.
To the uninitiated, the Commission filed countless lawsuits against cryptocurrency businesses over the years. Among those is the legal tussle versus Ripple, which has been ongoing for almost four years.
According to ChatGPT, though, XRP might experience a significant pump once Gensler vacate his post. It is unlikely that he will do so before Christmas this year.
Another essential element is the overall market sentiment. The AI-powered chatbot assumed that Ripple’s native token could head north if the entire cryptocurrency sector thrived. Despite a recent correction, the market’s condition remains quite bullish, with Bitcoin (BTC) trading well above $95,000 and Ethereum (ETH) tapping a six-month high of almost $3,700.
Last but not least, ChatGPT reminded about XRP’s historical performance, noting that the asset is capable of charting double and even triple-digit gains in a short period of time.
The Potential Role of RLUSD
Another factor that may boost the valuation of XRP in the near future is the eventual launch of Ripple’s stablecoin – RLUSD. Earlier this week, X user Vet said almost all tokens have been burned, sparking rumors that the product is ready to see the light of day.
Nonetheless, the community will have to wait for approval from the NYDFS. Monica Long (president of Ripple) recently stated:
“It’s up to them. They are reviewing our trust application. It’s going to be in their hands when they are approving it.”
The post We Asked ChatGPT if Ripple (XRP) Can Hit a New ATH Before Christmas appeared first on CryptoPotato.
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