Rally May Reach $0.85 Soon
XRP price started a fresh increase above the $0.6400 resistance level. The price is now trading comfortably above $0.680 and the 100-period simple moving average (4-hours), potentially targeting levels near $0.800 or even $0.850.
The recent uptrend in XRP started with a breakout above the $0.640 resistance barrier. Currently, the price is holding position above $0.670 and the 100 SMA (4-hours), with a notable bullish trend line forming support near $0.660 on the 4-hours chart of the XRP/USD pair from Kraken.
During the recent#bullishrally, XRP gained an impressive over 15% and surpassed the $0.650 and $0.720 resistance levels. The token outperformed both#Ethereumand #Bitcoin, reaching $0.7442 before entering a consolidation phase.
While there is a slight pullback below the $0.720 level, the price remains well supported above $0.660 and the bullish trend line. Immediate resistance is encountered near the $0.720 area, followed by a significant hurdle at $0.7440. A clear close above this level could pave the way for a further upside move towards the $0.7850 resistance, and if this level is breached, there could be a potential for a strong upside move.
The next resistance levels are $0.800 and $0.850, with $0.720 a crucial hurdle. Failure here could spark a decline, with support found at $0.660 and the trend line, then possibly at $0.6350 or the 50% Fibonacci retracement level. When technical indicators are examined, the 4-hour MACD for XRP/USD points to a loss of momentum in the bullish zone, while the 4-hour RSI continues to remain above the 50 level. The dollar is located at $0.6350 and $0.600, while the main resistance levels are $0.720, $0.7440.

👑💢♠️⚓J3yD3574N ⚓♠️💢👑RippleX Addresses Edge on XRP Ledger's Decentralized Identity Change
In a new development that has caught the attention of the blockchain community, RippleX, the development arm of Ripple Labs, announced an update regarding the XLS-40 modification. This proposed change is important as the World Wide Web Consortium (W3C) aims to integrate native support for Decentralized Identifiers (DIDs) into the XRP Ledger, a significant step towards a more self-governing form of digital identity.
However, RippleX's engineering team identified a minor edge case in the XLS-40 decentralized identity specification. This issue could potentially allow users to create empty DID objects, which is not ideal for the functionality of the ledger. To resolve this issue, RippleX has proposed a fix that is currently under review and will be available as a new change to the current offering.
The importance of this correction is emphasized by Ripple's cautious approach; validators have not yet voted on the DID change. The stance is clear: Ripple intends to delay the game until the fix change is available. Although the bug is minor, Ripple advocates releasing the fix first to ensure the integrity and reliability of the change.
Expectations for the fix are high, as the fix is ​​expected to be part of the next core XRPL software release, rippled version 2.2.0. This careful and methodical approach from RippleX reflects the company's commitment to quality and security in its offerings.
Discussions about the XLS-40 feature begin in March 2023. Successful implementation of this feature could signal a new era for digital identity at Ledger, providing users with a standardized and self-managed identity that could transform interactions in the digital space.
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Ripple's Resurgence: XRP Price Breaks Multi-Year Consolidation, Signaling Potential Milestones
Explaining the Rise: XRP's Extraordinary Journey
Since its inception, Ripple's XRP has weathered storms and navigated turbulent waters, emerging as a sign of resilience amid market volatility. The journey from the March 2020 lows to today has been a testament to XRP's unwavering resolve; The token maintains a steep uptrend despite facing tough challenges along the way.#Kriptocutrader $XRP

Quoted content

Various creators have been discussing XRP and I wanted to share my views. There are speculations that XRP will reach $600 with the cooperation of Elon Musk. However, for this to happen, considering the supply and current market value of XRP, the market value must reach 6 trillion dollars, while the global money supply is approximately 42 trillion dollars.
#Kriptocutrader #BitcoinDunyamiz

👑 💢 ♠️ ⚓ Analyst Predicts XRP Breakthrough: New All-Time High Expected Amid Bitcoin Halving
In an environment where expectations are ripe, cryptocurrency analyst Leb Crypto has made a bold prediction: XRP, the native token of the XRP Ledger, may be on the verge of a historic breakthrough. As expectations rise ahead of Bitcoin's upcoming halving, Leb Crypto predicts an increase in XRP's price trajectory, potentially eclipsing its previous peak above $3.

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BlackRock CEO #XRP🚀

He confirmed that the ETF may be in the works.
Asset management giant BlackRock is creating excitement in the cryptocurrency community with hints of the possible launch of an XRP-based exchange-traded fund (ETF). While there has been no official confirmation of an immediate XRP ETF application, speculation has increased following cryptic comments from BlackRock CEO Larry Fink and the firm's involvement in other cryptocurrency ETF offerings.
The ongoing legal battle between the US Securities and Exchange Commission (SEC) and Ripple, the company behind XRP, raises doubts about the imminent approval of the XRP ETF. In July 2023, a judge ruled that XRP was not classified as a security on retail exchanges, but retained that status when sold to institutional buyers. Legal proceedings regarding the hearing, which will be held on April 23, 2024, continue.
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Terra Classic (LUNC) Burns Exceeded the 100 Billion Mark: Rally Expectations Increased!
The general upward trend in the cryptocurrency market this week was also valid for Terra Classic (LUNC). The cryptocurrency has managed to re-enter the top 100 assets by market cap and is now approaching another notable achievement: the burning of $100 billion LUNC tokens. According to the latest data from February, it is close to its goal of burning 100 billion tokens in an attempt to reduce the circulating supply. In this process, which started on May 13, 2022, the community has managed to burn 98.52 billion tokens so far. Last week alone, 391 million tokens were burned, dropping the total supply in circulation to 5.78 trillion.
This burning campaign gained momentum, especially with the contributions of Binance, one of the world's leading crypto exchanges. Thanks to the support of Binance, the Terra Classic community is increasing demand by reducing the amount of tokens in circulation, which contributes to rising prices and gaining positive momentum#Write2Earn

Why Does Shiba Inu Creature Rate Drop With Only 2 Million SHIBs Cremated?
🔥The amount of tokens burned and burns have decreased significantly in the last 24 hours, and the Shiba Inu burn rate has stabilized. This decrease in burn rate may indicate that SHIB users are less interested in reducing the supply of meme money.
🔥Shiba Inu Burn Rate Stops
🔥 The amount of Shiba Inu tokens destroyed to reduce the supply was high at the beginning of the year. Shiba Inu also burned the Ethereum Layer 2 network using Shibarium fees.
🔥SHIB token burning decreased after the market recovered. The volume of incineration deals in recent weeks has fallen compared to the end of last year and the beginning of this year. Burn monitoring service Shibburn recorded only two burns in the previous 24 hours.
🔥Only 2 million SHIB coins were burned the other day; This would be worth $19 at the current value of the token. The previous day's SHIB token burn also matches this statistic, making the difference over the last two days 1.93%.
Burn tracker shows that the meme currency is performing poorly on the weekly chart. Shibburn's official
🔥Shiba Inu owners may be hesitant about burning tokens due to the price increase in the crypto market. SHIB prices are expected to rise rapidly as the market enters an explosive bull market. Therefore, owners may be holding on to their coins in hopes of a price increase.
Shiba Inu is trying to burn more SHIB. Lucie, the team's head of marketing, told Bitcoinist that new NFT project Sheboshi will fund burns for SHIB and others.🔥The team is automating the SHIB burning process by leveraging Shibarium network fees. As this burning process will eliminate billions of tokens each month, the supply will decrease significantly.
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Ladan Stewart, leader of the SEC's crypto and cyber litigation unit, is joining the law firm White & Case after the unit sued Ripple and Coinbase. Crypto advocates see Judge Analisa Torres' decision, which ruled that XRP is not a security when sold to retail investors, as a significant victory for the entire industry. Gensler and the SEC appealed the ruling, a move that forced Ripple to disclose its financial statements and XRP sales information. Stewart now plans to create a crypto and cyber defense framework at the law firm.

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