At the moment, #XRP is in a very critical condition, reflecting a significant increase in its recent price. However, high selling pressure is looming that could limit its bullish momentum. The asset faces the challenge of breaking a key resistance at $3 USD, which could consolidate its position at a higher level of the market.
To reach this milestone, XRP needs to add approximately $31.2 billion to its current market cap, putting it at $171.2 billion USD. This is due to the basic price calculation, where the price of a token is defined by:
Market Cap ÷ Circulating Supply = Token Price
Current Situation: 139,980,000,000 ÷ 57,050,000,000 = $2.4 USD
The dynamics between circulating supply and market cap show that:
- Although XRP has achieved solid growth, it still faces significant hurdles in breaking through its next critical level. Selling pressure, coupled with market uncertainty, could act as barriers to achieving this target. However, if it manages to break through this resistance threshold, XRP could attract renewed interest from investors. -
For a poor player, who is not informed before taking a position, well, yes, they should sell everything to think, get informed, and make a correct investment decision.
Don't believe everyone too much. Look for information yourself: traders on YouTube, coherent people here in the Binance Square, but never, put a position at risk, just because you believe in these things ⬇️😅
Note: because of these posts ⬇️(below) MANY LATER SAY: why did the price go up after I sold 🫠
PATIENCE! 🫰
LIVE
Crypton Planet XXI
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Bullish
⛔ Sell everything because a market crash is coming!
The comments I read are a disaster, everyone is scared. Moreover, they continue to trade in futures, the number one loser market: Number One Losers! 😏
I can't believe there are people selling all their cryptocurrencies to safeguard their USDT. That clearly shows they DO NOT know how to invest, they invest like my grandma would... with fear! 🤧
When you don't have a solid strategy, you have nothing. Therefore, it's reasonable to assume that even if you have a portfolio of 20 cryptocurrencies, you don't know how to rotate gains and losses to grow the asset volume and the overall value of the portfolio.
Don’t talk to me about futures, I really hate that market, it is a well-thought-out scam by financial engineering.
Whenever you want to debate advanced INVESTMENT strategies, I will be here to collaborate and discuss.
But I know that some of you find it hard to leave the loser market. You fell in love with the scam. You like being another zombie and walking among the dead.
If we are going to talk about making money, let’s talk about serious advanced strategies in SPOT. Not about trading the futures market: created to take money from the fools! 🤨
If someone asked me how I feel: I would say I’m good, I’m calm as water. If the market wants to go down and return to the prices of 8 months ago... better! I will buy more assets and multiply the volume of units.
- But your portfolio will be in losses! Hahaha, when you focus on the overall portfolio value in USDT, you lose sight of what is really happening and cannot see the great opportunity you have in front of you: to keep accumulating more assets.
Remember, you win in this market with three things: Time, Accumulation, and Volatility. [◽]
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Could Bitcoin reach $200,000 in 2024? Here's what we know
The rumor that Bitcoin (BTC) could reach $200,000 by the end of 2024 is generating excitement and doubts alike. What is behind this projection?
🔥 Reasons for optimism
• ETFs and institutional money: The approval of ETFs in the United States is attracting large investors, increasing the demand for BTC.
• The 2024 halving: This event, which reduces the number of bitcoins generated, has historically led to significant price increases due to its impact on supply.
• Trust as "digital gold": Bitcoin is gaining ground as an alternative to gold and as a safe haven against inflation.
📈 What do the projections say?
Optimists: Firms like Standard Chartered believe that BTC could reach $150,000 this year, and even $250,000 in 2025.
Conservatives: Other analysts suggest a range of $117,000 to $150,000 depending on factors such as regulation and market sentiment.
Ultra-bulls: Figures like Robert Kiyosaki even see BTC beyond $300,000, driven by its scarcity and adoption.
⚠️ What could go wrong?
Volatility: Bitcoin is known for its sharp price fluctuations.
Regulation: Restrictions in key countries could limit its growth.
Market sentiment: It all depends on whether investors trust BTC as a valuable asset.
🎯 Is it possible?
$200,000 is not impossible, but it is an ambitious target. The key will be institutional adoption, the global economy, and how users react to the halving.
What do you think? Are we facing a new all-time high or will it be another year of unfulfilled promises?
$XRP In reality, it is very easy to say that it is the end of a future with this cryptocurrency since they assume that the same will happen and they become just another charlatan "Making predictions" it is more profitable to read palms than to give opinions
Extended Analysis of XRP Price and Potential: Opportunities and Risks
XRP, the native cryptocurrency of the Ripple network, has captured investor attention due to a recent price increase, currently trading around $1.6 USD. This 207% rise in the last 30 days reflects both the recovery of the cryptocurrency market and specific factors driving its global adoption.
Current Context of XRP 1. Institutional Adoption and Infrastructure Development Ripple has positioned XRP as a key tool for cross-border transactions, especially in emerging markets like Asia, the Middle East, and Africa. The RippleNet network allows financial institutions and payment providers to make fast and low-cost transfers. This has led to significant adoption, differentiating it from other cryptocurrencies that rely solely on speculation.
XRP: A Comprehensive Look at Its Benefits, Risks, and Long-Term Potential
XRP, the cryptocurrency
Ripple Labs has been a prominent player in the blockchain ecosystem since its launch in 2012. Its unique design, focused on efficiency in international payments, distinguishes it from other cryptocurrencies like Bitcoin and Ethereum. In this article, we will delve into the workings, benefits, risks, and outlook of XRP as a potential long-term investment.
What is $XRP and what is it used for? XRP is a digital asset native to the Ripple network, a real-time gross settlement system (RTGS), currency exchange, and remittance network. Unlike Bitcoin, which was conceived as an alternative to traditional money, XRP focuses on being a bridge for fast, cheap, and reliable international payments. Its goal is to eliminate inefficiencies in the traditional banking system, such as high fees and long transaction times.
The price of WIF/USDT is currently in a volatile range, with strong support at $1.50 and resistance at $1.70 according to recent technical analysis. In the last 24 hours, the volume has been significant (259.26M USDT), indicating that traders should expect sharp movements in the short term.
The advice for the next 24 hours is to monitor 15m, 1h, and 4h intervals to identify clear trends and possible breakouts of key levels. If the bullish pressure persists, $1.70 could be surpassed, but if the $1.50 support is broken, the price could correct further.
If you plan to trade, keep in mind the high volatility and make sure to implement risk management strategies. $WIF
If the above factors align, Bitcoin could break its psychological resistance of $100,000 and seek levels close to $120,000 in the coming months. However, it is important to monitor regulation, the FED's decisions, and macroeconomic dynamics. $BTC