Market analyst and prominent chartist EGRAG expects XRP to rally to $107. He cites historical correlation and the potential formation of a hammer candlestick in the 3-month timeframe.
XRP has not gained as much as other altcoins in the ongoing bull run, but analysts remain confident in its potential, holding onto the narrative that the crypto asset tends to “pump last and largest.”
Potential Hammer formation
One such analyst is EGRAG, who remains steadfast in protecting potential price rallies for XRP. The chartist drew inspiration from a three-month chart in one of his latest analyses. EGRAG cited historical data and the potential formation of a hammer candlestick for his bullish projection.
According to him, the latest three-month candlestick, which opened in January and is poised to close by the end of this month, is bullish. Calling attention to the shape of the candle, he confirmed that XRP could potentially form a bullish hammer depending on how it ends this month.

Notably, the analyst sees XRP soaring to a high of $1.27 before closing the current candle. However, this $1.27 high is expected to align with a major resistance point stationed at the upper trendline of a multi-year symmetrical triangle.

XRP Trades Within Symmetrical Triangle
Data from EGRAG’s chart indicates that XRP has continued to trade within this symmetrical triangle since it dropped from the $3.31 all-time high in January 2018. Interestingly, the last time XRP witnessed such a multi-year symmetrical triangle was from mid-2013 to late 2016.
If the green path plays out, EGRAG has already identified some crucial price targets. He expects XRP to rally to a $7.5 high before clinching a two-digit price of $11. However, the analyst believes the crypto asset could hit more substantial targets, projecting a run to $27.
Should XRP breach the $27 price level, EGRAG sees a potential push toward a three-digit value of $107.3. Meanwhile, XRP has broken below the $0.60 level amid the latest market correction, now trading for $0.5960. XRP would need to surge by 17,903% from here to hit $107.3.

Wall Street financial expert Linda Jones has endorsed the idea that buying XRP now before the anticipated arrival of “big money” institutions is wise.

Jones conveyed this sentiment recently on X while reacting to a podcast where James Jay attempted to give XRP holders reasons to be less frustrated about XRP’s movement.
Big Money Will Enter XRP at Opportune Moment
Jay provided reassurance using the supposed impending arrival of institutional investors to XRP, suggesting it would be at a strategic moment. He supported his perspective by comparing it to the situation previously seen with Bitcoin.

Jay highlighted that the big money investors in Bitcoin were not involved during its early years, from 2009 to 2015. He pointed out that significant players, like Michael Saylor, began investing in Bitcoin when its value surpassed $20K.

Saylor’s company, MicroStrategy, observed Bitcoin when it was under $10 but chose to invest at higher levels. According to Jay, institutional players view the above $20K threshold as confirmation that the asset has come to stay.

In his words, “It’s not like they didn’t see Bitcoin at $0.51, but they weren’t willing to get in and wait. What they did is what most people couldn’t do: they jumped in with a level of understanding.”

In parallel, Jay contemplated a future where institutions might mirror their Bitcoin strategy with XRP, waiting for it to stabilize at a high value like $100 before recognizing its viability. He suggested that at such a point, institutions would acknowledge the need to hold XRP to sustain its price above $100.

As a result, the commentator argued that after XRP’s price soared due to institutional buying, many would regret not purchasing it at the current lower price of approximately $0.5.

Essentially, the community pundit believes that similar to Bitcoin’s price surge following institutional investment, XRP is likely to experience a comparable trajectory. He noted that those who exit the XRP market prematurely might rue their decision even after significant gains from selling at $10.

When Is Big Money Coming?
Overall, Jay drew the comparison to encourage XRP holders to view the potential high-value threshold as a form of validation and confirmation.

He emphasized that it took institutional investors roughly a decade to embrace Bitcoin. In parallel, he suggested that XRP investors should remain patient with an asset that has been underperforming for just six years. He urged them to conduct further research to understand XRP’s promising future.

Moreover, Jay posited that the adoption of XRP by ‘big money’ would not require a decade as it did with Bitcoin. He highlighted the likelihood of significant fear of missing out (FOMO) and regret among those who fail to recognize and invest in XRP’s potential before institutional investors drive its value up.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions.

XPMarket Receives $200K Grant From Google
Financial market reporter Zach Rector took to X to hint that Google has just supported the XRPL startup by making a significant investment in its platform. He highlighted a previous post from XPMarket announcing the funds it received from Google.

XPMarket noted that it secured the $200,000 grant from Google for Startups, not a direct investment. Noteworthy, Google for Startups is a program launched in 2011 to provide hands-on lessons for aspiring entrepreneurs and founders. So far, It has plunged more than $50 million to support growing businesses.

Giving out this grants does not equate to making an investment in any firm. This implies that Rector may have been hasty with his statement about Google investing in XPMarket.

Within the last 24 hours, XRP has surged by 0.89% likely influenced by the news of the Google investment. The coin is currently trading at $0.5233.

In addition to the $200,000 grant, the Google for Startups Cloud Program promises to provide other supports including technology and community network resources. For the Web3.0 sector, the goal of this grant is to help these companies focus on innovation rather than infrastructure while building the next Decentralized Application (DApp), Web3.0 tool and more.

It is worth noting that XPMarket is not the only Web3.0 platform that has received this Google grant. A similar situation was seen in February when NFPrompt partnered with Google for Startups Cloud to fuel AIWeb3 innovation. The firm harnessed Google Cloud’s state-of-the-art technology and expertise to propel forward thinking solutions.

XRP Ledger Sees Multiple Adoption And Utilisation
In between, XRPL has seen several new developments in the last couple of weeks. Coingape reported that Ripple signed a strategic partnership agreement with Evmos, an Ethereum Virtual Machine (EVM) chain designed with the Cosmos SDK, to build an EVM sidechain for XRPL.

The move onboards XRPL on Interchain and prioritize bringing XRP Army, DApps and liquidity to a network of more than 90 interconnected chains.

About two weeks ago, Ripple also announced plans to merge forces with Hashkey DX, a Tokyo-based arm of digital asset financial services company HashKey Group, to streamline XRPL-powered solutions within the Japanese market.

In the ever-evolving landscape of cryptocurrencies, where every detail can shape market sentiment, a recent enigmatic Forbes article has ignited a frenzy within the XRP community. This article boldly proclaims a monumental surge for XRP, envisioning a staggering value of $59,472. What lends credence to this forecast is the backing it received from two prominent AI chatbots—Google Bard AI and Microsoft’s Bing—both confirming the existence of the article.

The core of the matter revolves around Microsoft’s Bing chatbot, which affirmed that Forbes indeed published an article titled “The New Bitcoin Is XRP And It’s Headed To $59,472.” However, Bing also reported that Forbes swiftly removed the article from its platform shortly after publication, triggering intense discussions and speculations among XRP enthusiasts.

The reasons behind the article's removal remain veiled in mystery, fueling various speculations within the XRP community. While some posit it as a routine editorial decision, others entertain notions of legal or regulatory concerns prompting Forbes to retract it. Despite the uncertainties, the vanishing act of the article has only served to heighten curiosity surrounding the projected XRP price surge.

Offering a timeline to this unfolding narrative, Google Bard AI provided its insights into the saga. Bard corroborated Bing’s assertions, confirming that Forbes did indeed publish an article on September 21, 2023, bearing the aforementioned title. However, skepticism lingers among some XRP community members regarding the accuracy of the publication date.

Bard’s account further underscored the audacious prediction of XRP ascending to $59,472, citing factors such as the growing adoption of RippleNet, heightened interest from institutional investors, and the overall positive sentiment prevailing in the cryptocurrency market.

While Forbes maintains silence on the matter, opinions within the crypto realm diverge widely. Some suggest the article might have contained inaccuracies, while others propose it failed to meet Forbes’ stringent editorial standards. Interestingly, Bard revealed that the enigmatic article was sponsored by a crypto investment firm, prompting questions about its credibility and underlying motivations.

Amidst this unfolding XRP saga, a new player has entered the scene—CryptoTradingFund (CTF), offering retail investors an avenue to generate passive income through the CTF Token. The token’s rapid surge in value and adoption underscore the dynamic and volatile nature of the cryptocurrency market. Notably, CTF Token boasts real-time wallet growth, where each transaction contributes to token holdings, offering investors a straightforward path to passive income.

Since its recent launch, the CTF Token has witnessed an astonishing increase in wallet holders, with nearly 5000% growth and an astounding 19500% surge in value. The official Twitter page of CryptoTradingFund highlights the burgeoning community and emphasizes the token’s potential to generate passive income for its holders.

What sets CTF apart is its status as the top and only DeFi Token on the XRP Ledgers, consistently maintaining the number one spot on multiple occasions. This distinction further solidifies its position as a promising asset within the crypto space, attracting both seasoned investors and newcomers looking to capitalize on the potential for financial growth and generational wealth.

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Disclaimer : Not a investment advice. Do your own research.

A recently surfaced sheet projects an XRP price increase to an audacious $1,000 value, factoring in a daily cross-border payment volume of $1 trillion.

XRP’s utility in cross-border payments, especially as utilized in Ripple’s On-Demand Liquidity product (now Ripple Payments), has contributed to the bullish sentiments surrounding the cryptocurrency among market participants.

XRP’s Utility in Cross-Border Payments
This utility has caught the attention of multiple payment entities over the years. Last December, a JPMorgan report mentioned Ripple and XRP as entities that could help unlock the $120 billion trapped in cross-border payments. The Crypto Basic also revealed in November 2023 that Grayscale highlighted XRP as a potential alternative to SWIFT in cross-border settlements.

In addition, The American Institute of Physics, the IMF and the World Bank also spotlighted XRP’s utility in cross-border payments in different reports. Interestingly, even SEC Chair Gary Gensler previously acknowledged XRP’s advantages for use in cross-border payments over traditional fiat currencies.

With this utility recognized by the general public, investors believe XRP is massively undervalued, projecting an imminent price explosion, especially on the back of a growth in the cross-border payment sector. Citing the Bank of England, Ripple noted in its 2023 New Value Report that the cross-border payment sector could witness a $250 trillion in volume in the next three years.

With this projection expected to materialize, pundits argue that XRP would need to soar way beyond its current price below $1 if it captures a fraction of this volume. Mason Versus, an XRP community figure and founder of Gold Squad, presented a sheet last August of hypothetical price requirements for varying cross-border payment volumes.

An Argument for a $1,000 XRP Price
Market analyst EGRAG recently called attention to the document, lending credence to its content. In the sheet, the analysis evaluates what XRP’s price would need to be for XRP to cater to different daily cross-border payment volumes.

At prices ranging from $100 to $500, XRP could sufficiently handle daily payment volumes from $1 trillion, but this price becomes less feasible at volumes from $6 trillion to $20 trillion. This is because XRP’s circulating supply of 55 billion would not be sufficient for the amount of XRP tokens needed to handle these volumes.

Recall that finance pundit Shannon Thorpe previously argued that XRP would be undervalued at $500 if it locked in a portion of the projected $250 trillion cross-border payment volume.

Versluis’ sheet proposes that XRP would only sufficiently address daily payment volumes ranging from $1 trillion to $20 trillion if its price is at least $1,000. At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume.

For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301. With this price potentially pushing XRP’s market cap to an unimaginable $55 trillion, some industry commentators have strongly expressed doubts.

Moreover, some have pointed out that a $1 trillion daily cross-border volume is a difficult task for XRP over the next ten years and beyond. For context, the entire global cross-border volume stood at $150 trillion in 2022, representing an average of $410 billion volume a day. A $1 trillion volume would be more than double this figure.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Binance’s opinion. Readers are encouraged to do thorough research before making any investment decisions. Binance is not responsible for any financial losses.

Terra Luna Classic (LUNC) validators proposed changes to dynamic commission to include burn and funding oracle pool and community pool.Terra Luna Classic community burning massive amounts of LUNC tokens to reduce the supply and revive the Terra ecosystem tokens. One of the top validators submitted a proposal to improve the recently implemented dynamic minimum commission (dyncomm) mechanism for validators. It asserts modifying dyncomm to have mandatory burn by top validators.Terra Luna Classic Validator Led-BurnLunanauts validator submitted a proposal for discussion on the Commonwealth forum, aiming to improve dyncomm for burn and oracle pool. However, the validator admits that the proposal still needs work and a formula to tweak the dyncomm.“These adjustments aim to maintain fairness among validators of different sizes, promote a balanced distribution of additional commission sets, and incorporate governance input for ongoing optimization. Implementing these suggestions can contribute to a more robust and equitable dynamic minimum commission system,” said the validator.The validator suggests changes in ‘validator size neutrality’ to prevent larger validators from disproportionately benefiting. In addition, distribute the extra dyncomm sets to burn, oracle pool, and community pool in a 50/25/25 manner. Governance input on allocation parameters and regular evaluation of allocation mechanism for top validators.Lunanauts cited that Allnodes wanted a 10% commission but the dynamic minimum commission increased it to 20%, “why not send the extra 10% to burn and oracle pool.”LUNC and USTC prices remain under selling pressure amid the broader crypto market. Investors continue profit booking due to low trading volumes in the last few days. However, the community is optimistic about an upcoming recovery.LUNC price fell 8% in the last 24 hours, with the price currently trading at $0.00017. The 24-hour low and high are $0.000175 and $0.000214, respectively. However, trading volume has increased by 16% in the last 24 hours.Meanwhile, USTC price trades at $0.0407, down 7%. The 24-hour low and high are $0.0412 and $0.0512, respectively. The trading volume has increased by 100% in the past 24 hours.