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Good strategy to reverse the growth of cryptocurrency values, now guess for what?
Now is the time to buy.
Now is the time to buy.
š„ Jerome Powell's statement shakes the crypto world: The US Federal Reserve does not own Bitcoin and will not! š„
$BTC
In a shocking development, Federal Reserve Chairman Jerome Powell announced an hour ago at a press conference that the Fed is ānot allowed to own Bitcoin,ā and confirmed that they āhave no plans to change the lawsā to allow this.
š” This surprising statement casts a shadow over the market and raises major questions about the future of digital currencies, especially after the severe bleeding that the markets are witnessing today.
In a shocking development, Federal Reserve Chairman Jerome Powell announced an hour ago at a press conference that the Fed is ānot allowed to own Bitcoin,ā and confirmed that they āhave no plans to change the lawsā to allow this.
š” This surprising statement casts a shadow over the market and raises major questions about the future of digital currencies, especially after the severe bleeding that the markets are witnessing today.
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While many cryptocurrencies are rising, XRP is declining in value, guess why? Soon you will see the opposite.
$XRP: The bankers' currency exposed.
The hidden agenda behind XRP and the World Economic Forum
What if I told you that the World Economic Forum is not only in favor of #XRPā¦ but is actually pulling the strings behind the scenes while Joe Biden leaves power?
The game theory of control, power, and a hidden plan they don't want you to discover.
Gary Gensler's exit is a big victory for #XRP
Gary is the visible face of the sect that kept #XRP and its CEO Garlinghouse buried for many years with #Ripple-XRP . Pacts and extortion were managed in power against this asset. Joe Biden's administration made fortunes with unscrupulous bankers due to its low cost in capital liquidations worldwide, leaving entire towns in ruin. Trump knew it and now attacks. It's not just that #XRP has a mere streak of luck, no. It is a token that now fights for the real justice that was taken from it through unresolved lawsuits to this day, with the aim of using it very cheaply to convert it to traditional banking and hide it, making it sleep in a cemetery. Its real cost today would hover around 455$ at the top of trading. Now it only waits for the exit of the satanic bankers and Gensler, but in the meantime, it is in a historic struggle to regain its real value. The large volumes of this asset are being burned and adjusted while it takes a breath to rise again like the Phoenix.
The hidden agenda behind XRP and the World Economic Forum
What if I told you that the World Economic Forum is not only in favor of #XRPā¦ but is actually pulling the strings behind the scenes while Joe Biden leaves power?
The game theory of control, power, and a hidden plan they don't want you to discover.
Gary Gensler's exit is a big victory for #XRP
Gary is the visible face of the sect that kept #XRP and its CEO Garlinghouse buried for many years with #Ripple-XRP . Pacts and extortion were managed in power against this asset. Joe Biden's administration made fortunes with unscrupulous bankers due to its low cost in capital liquidations worldwide, leaving entire towns in ruin. Trump knew it and now attacks. It's not just that #XRP has a mere streak of luck, no. It is a token that now fights for the real justice that was taken from it through unresolved lawsuits to this day, with the aim of using it very cheaply to convert it to traditional banking and hide it, making it sleep in a cemetery. Its real cost today would hover around 455$ at the top of trading. Now it only waits for the exit of the satanic bankers and Gensler, but in the meantime, it is in a historic struggle to regain its real value. The large volumes of this asset are being burned and adjusted while it takes a breath to rise again like the Phoenix.
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correct
Binance News
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Whale Initiates Significant Short Position on XRP
According to PANews, a prominent on-chain analyst, identified as @ai_9684xtpa, has reported that a major whale or institution has initiated a substantial short position on XRP, valued at over $844 million. This entity currently holds a short position of 12.1 million XRP, with a liquidation price set at $69.8226.
Despite the current price increase of only $0.0795, the whale has already incurred an unrealized loss of $977,000. This development highlights the significant financial risks involved in such large-scale speculative activities within the cryptocurrency market. The whale's position and the potential for liquidation underscore the volatility and unpredictability inherent in digital asset trading.
Market participants are closely monitoring this situation, as the whale's actions could have broader implications for XRP's market dynamics. The substantial short position reflects a bearish outlook on XRP, which may influence other traders' strategies and market sentiment. As the situation unfolds, it remains to be seen how this will impact XRP's price movement and the broader cryptocurrency market.
Despite the current price increase of only $0.0795, the whale has already incurred an unrealized loss of $977,000. This development highlights the significant financial risks involved in such large-scale speculative activities within the cryptocurrency market. The whale's position and the potential for liquidation underscore the volatility and unpredictability inherent in digital asset trading.
Market participants are closely monitoring this situation, as the whale's actions could have broader implications for XRP's market dynamics. The substantial short position reflects a bearish outlook on XRP, which may influence other traders' strategies and market sentiment. As the situation unfolds, it remains to be seen how this will impact XRP's price movement and the broader cryptocurrency market.
no
Coinpedia
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XRP Price Crash to $0.60? Analysts Warn of Sharp Correction
The post XRP Price Crash to $0.60? Analysts Warn of Sharp Correction appeared first on Coinpedia Fintech News
XRP has once again drawn attention from the crypto community, not just for its recent price surge but also for concerns about its centralized token supply. According to Crypto analyst IncomeSharks, over 43% of XRP tokens remain locked and are not in circulation, raising fears of a sharp drop back to $0.60 soon.
43% XRP Held By Ripple
In a recent tweet post, IncomeSharks pointed out that nearly half of XRPās total supply remains locked away. Ripple, the company behind XRP, controls 38.9 billion tokens in its escrow accounts. This level of centralization has raised worries among investors about the potential for manipulation.
https://twitter.com/IncomeSharks/status/1863717475168424230
āImagine if you were on Pump Fun and saw the developer owned 43% of supply,ā the analyst remarked, drawing parallels to tokens with high centralization, which often trigger concerns about manipulation.
XRP Price To Plunge To $0.60
To support his critique, IncomeSharks shared a chart showcasing XRPās historical price trends. The chart reveals a familiar pattern, sharp price spikes followed by steep corrections. In April 2021, XRP soared to nearly $2 but lost 75% of its value within two months.
Similarly, after hitting $3.40 in 2018, the token plunged by 92% shortly after, suggesting its price is heavily influenced by speculative trading.
Recently, XRP surged to $2.74, marking an impressive 410% rise in just one month. Meanwhile, the chart hints at another possible correction to $0.60 a drop of almost 4x from its current price level, following past patterns.
Pump-and-Dump AllegationsĀ
IncomeSharks pointed out that XRP is often criticized for its frequent price jumps followed by steep drops, known as pump-and-dump cycles. A big reason for this concern is that Ripple still holds a large amount of XRP tokens, which gives them significant control over its supply.
Thereās a reason why many in the crypto space donāt trust this token,ā IncomeSharks added, reflecting the general skepticism in the community
XRP has once again drawn attention from the crypto community, not just for its recent price surge but also for concerns about its centralized token supply. According to Crypto analyst IncomeSharks, over 43% of XRP tokens remain locked and are not in circulation, raising fears of a sharp drop back to $0.60 soon.
43% XRP Held By Ripple
In a recent tweet post, IncomeSharks pointed out that nearly half of XRPās total supply remains locked away. Ripple, the company behind XRP, controls 38.9 billion tokens in its escrow accounts. This level of centralization has raised worries among investors about the potential for manipulation.
https://twitter.com/IncomeSharks/status/1863717475168424230
āImagine if you were on Pump Fun and saw the developer owned 43% of supply,ā the analyst remarked, drawing parallels to tokens with high centralization, which often trigger concerns about manipulation.
XRP Price To Plunge To $0.60
To support his critique, IncomeSharks shared a chart showcasing XRPās historical price trends. The chart reveals a familiar pattern, sharp price spikes followed by steep corrections. In April 2021, XRP soared to nearly $2 but lost 75% of its value within two months.
Similarly, after hitting $3.40 in 2018, the token plunged by 92% shortly after, suggesting its price is heavily influenced by speculative trading.
Recently, XRP surged to $2.74, marking an impressive 410% rise in just one month. Meanwhile, the chart hints at another possible correction to $0.60 a drop of almost 4x from its current price level, following past patterns.
Pump-and-Dump AllegationsĀ
IncomeSharks pointed out that XRP is often criticized for its frequent price jumps followed by steep drops, known as pump-and-dump cycles. A big reason for this concern is that Ripple still holds a large amount of XRP tokens, which gives them significant control over its supply.
Thereās a reason why many in the crypto space donāt trust this token,ā IncomeSharks added, reflecting the general skepticism in the community