How high will XRP go? ‘Explosive’ rally seen for Ripple token’s price
XRP has struggled to break the $1 barrier for the past three years due to the overall crypto winter and its drawn-out legal battle with the SEC. The regulator sued Ripple Labs and part of its leadership in 2020 and claimed that the company ran an unregistered securities offering. The case is still ongoing.
But the 900 days may have set the stage for a massive rally, Azizov told DL News.
Such prolonged accumulation periods often serve as the foundation for explosive rallies,” he said.
Veteran trader Peter Brandt also predicted a significant price rally for XRP in 2025.
Brandt updated his previous XRP analysis to show the asset has broken out of its “massive coil” during its recent price spike. $BTC $BTC $XRP
#2024WithBinance Data from Farside Investors revealed that BlackRock’s iShares Bitcoin Trust ETF dominated the inflows, accounting for $5.6 billion, or nearly 87% of the total
November was a historic month for $BTC ETFs in the United States, with investors pouring $6.4 billion into spot BTC ETFs.
The surge in inflows coincided with a month-long rally that saw Bitcoin’s price soar by 45%, reaching an all-time high of $99,000.
Data from Farside Investors revealed that BlackRock’s iShares Bitcoin Trust ETF dominated the inflows, accounting for $5.6 billion, or nearly 87% of the total.
Other major contributors included Fidelity’s Wise Origin Bitcoin Fund, which attracted $962 million, Grayscale’s Bitcoin Mini Trust ETF with $211.5 million, and the VanEck Bitcoin ETF at $71.2 million.
The bullish momentum was driven by strong market sentiment, with Bitcoin’s price climbing from $68,000 at the start of November to its record-breaking peak.
Analysts believe the consistent inflow of funds from both institutional and retail investors will sustain the ongoing rally as Bitcoin enters a critical price discovery phase.
Despite the inflows, some ETFs recorded significant outflows, totaling $411 million.
The Grayscale Bitcoin Trust ETF led the losses, with $364 million in outflows, followed by Bitwise Bitcoin ETF at $40.4 million and Valkyrie Bitcoin Fund at $6.8 million. $BNB
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$BTC According to QCP analysis, Bitcoin experienced a notable surge from $62,000 to $65,000, reigniting market optimism about "Uptober," a phenomenon where Bitcoin prices tend to rise in October. With three weeks remaining before the US election, historical trends suggest a favorable outlook. Although this year's Uptober has been relatively subdued, with a modest 1.2% gain, the recent rebound has injected hope into the market. Investors now anticipate further strengthening of Bitcoin in the fourth quarter, building on this momentum.
Or, in a more formal/analytical tone:
QCP analysis highlights Bitcoin's recent price appreciation from $62,000 to $65,000, reviving market sentiment surrounding the historically bullish "Uptober" effect. Given the proximity to the US election and alignment with historical trends, the current market dynamics are encouraging. Despite a lackluster Uptober performance this year (+1.2%), the rebound has rekindled optimism. Market participants now expect Bitcoin to build momentum into the fourth quarter, driven by factors such as election-related volatility and seasonal trends.
🇺🇸US Presidential candidate Kamala Harris has announced plans to support a crypto regulation framework designed to safeguard Black men who invest in digital assets ¹. This move is part of her broader platform targeting Black male voters, dubbed "Kamala Harris Will Deliver for Black Men." Harris recognizes the potential of new technologies to expand access to banking and financial services, and aims to protect owners of cryptocurrencies and other digital assets ¹. By throwing her support behind this regulatory framework, Harris seeks to ensure that Black men who invest in crypto are shielded from potential risks and empowered to participate in the digital economy. This stance marks a significant shift in Harris' campaign, as she seeks to win over Black male voters and establish he rself as a pro-crypto candidate . #BinanceTurns7 #Bitcoin❗ #BullishMay #WeAreAllSatoshi
Neiro is currently trading at $0.00205132 against the USD, poised near critical support and resistance levels. Key price levels to watch:
- Resistance: $0.0022 - Support: $0.0019
A breakout above $0.0022 could spark a bullish rally, targeting $0.0025, presenting an attractive entry point for momentum traders. Conversely, a dip to $0.0019 may attract buyers, offering a favorable buying opportunity.
*Trading Strategies:*
- Long position above $0.0022 for upside potential - Buy on pullback near $0.0019 with proper risk management
With Neiro trading near these pivotal levels, market participants are advised to monitor price movements closely and adjust their strategies accordingly.