U.S. President Donald Trump has lashed out at $XRP , vowing to "end its existence" after Ripple CEO Brad Garlinghouse claimed, “XRP is going to be the next Bitcoin.”
Trump responded bluntly, stating, “If XRP ever tries to replace Bitcoin, I’ll make sure it’s wiped out.” The remarks have shaken the XRP community, sparking fears of heightened regulatory scrutiny and bearish market sentiment. Following Trump’s statement, XRP saw a drop in trading momentum, raising concerns about its future. As tensions rise, XRP’s path to broader adoption faces yet another hurdle. #XRP #DonalTrumponXRP #XRPFOMO #XRPTrend
Today with the new president of the Sec and the exit of the stablecoin will rise
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Ali-MMMD
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Bearish
$XRP looks weaker as compared to the previous days. So what are your ideas about it too? please share your opinion in the comments sections and quote my post too. please follow me for daily updates 😊
How High Can XRP Go? XRP Price Prediction Amid Whale Accumulation
The post How High Can XRP Go? XRP Price Prediction Amid Whale Accumulation appeared first on Coinpedia Fintech News
The last month was simply special for XRP; a steep growth from $0.51311 to $1.95710 in just 30 days was definitely unusual, as well as exciting. This development brings to a vital question: what will be the future of XRP – the most controversial crypto? And, the story begins here!
XRP’s Stunning November Performance
The talk of the town is XRP’s exceptional performance in November. The XRP market truly deserves this newly gained attention and even this late appreciation, for the fact that it outperformed almost all the other top cryptocurrencies last month. How is it even possible for a crypto, which was considered ‘partly filled’ until recently? The 297% rise in November of XRP – the highest monthly return since December 2017 – definitely says a lot about its future potential.
At the start of the month, with a price of $0.51311, there were no signs for an impending massive uptrend, other than the general expectation among investors that the US election could overturn the market scenario. On November 5, when the political scenario started to tilt towards Pro-Crypto Leader Donald Trump, the market showed its first sign of growth. Between November 5 and 30, what we saw was a steep climb from just around $0.5 to a few micro points less than the milestone of $2 – which the market achieved on the first day of December itself.
Bold XRP Predictions from Top Analysts
There is no confusion that the XRP market is unlikely to face any disruption in its upward momentum anytime soon; even during the previous month’s bull cycle, it only faced two corrections, both minor in nature. But how far can the market go up? There are analysts who predict the next target of XRP to be $10.
The problem with these exaggerated predictions is that most of them have no digestible reason to support them. Meanwhile, Jacob Canfield’s $6.60 target looks convincing for the simple reason that it has the one element that most of the other predictions lack: a solid reason to support it. Canfield’s prediction is backed by Fibonacci extensions and Bitcoin’s 2017 comparison.
Increased Activity in the XRP market from Retail and Whales
Who will fuel this predicted growth, retailers or whales? Neither whales nor retailers seem to be ditching the XRP market anytime soon. There are enough indications in the XRP market data that new retail investors are entering the market. Additionally, a recent report says that whale accounts accumulated 679.1M tokens worth $1.6B in three weeks. So, the trend is clear.
XRP’s Bullish Momentum and Key Resistance Levels
In the last 24 hours, the XRP market has seen a rise of 15.1%. The coming days are not going to be easy for XRP, considering that there is little resistance left on the higher timeframe of the XRP chart. However, the one thing that most XRP enthusiasts agree on is the potential of the XRP to close above the $1.99 mark – to mark its highest yearly close in history.
It is more likely to reach 5$ a than to fall to $0.60
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zainjani007
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XRP Price Crash to $0.60? Analysts Warn of Sharp Correction
$XRP
The cryptocurrency world is buzzing with speculation about XRP’s price trajectory. XRP, which once captivated the market with its legal victory against the SEC, is now facing turbulent times. Analysts are signaling the possibility of a sharp correction, potentially bringing XRP’s value down to $0.60.
Why is XRP Facing This Drop?
Market corrections are a natural phase in cryptocurrency trading. XRP’s recent performance has shown signs of resistance at critical levels. Here’s what could be contributing to this downward trend:
• Market Sentiment: Investor confidence often shifts rapidly, especially in the crypto world. Any negative sentiment can significantly impact XRP’s price.
• Broader Market Trends: The entire crypto market is volatile, and XRP isn’t immune to its overall trends.
• Technological and Development Updates: Lack of significant updates from Ripple Labs may lead to reduced excitement among investors.
What Analysts Are Saying
Some experts believe that $0.60 is a strong support level. However, if XRP breaks below this level, the bearish trend could deepen. On the other hand, optimistic analysts argue that this correction is an opportunity for long-term accumulation before XRP rebounds.
Should You Be Worried?
Corrections can be a time of uncertainty, but they’re also a time for strategic decisions. If you’re holding XRP:
• Stay updated with reliable market analysis.
• Consider your risk tolerance and investment goals.
• Avoid making impulsive decisions based on fear.
2. US Government Selling Bitcoin: A ‘Huge Strategic Mistake’?
The crypto industry is abuzz following the news of the US government selling a significant amount of Bitcoin. Some critics are labeling this decision a “strategic mistake,” questioning its long-term implications for both the market and the government’s stance on cryptocurrencies.
The Story Behind the Sale
The US government has previously seized Bitcoin through legal proceedings, often auctioning it off to the highest bidder. This recent sale, however, comes at a time when Bitcoin is showing resilience in a volatile market.
Why is it Controversial?
Here’s why industry insiders are raising eyebrows:
• Missed Opportunity: Bitcoin’s history shows consistent growth over the long term. Selling now could mean missing out on significant future profits.
• Market Impact: Large-scale sales by governments can shake investor confidence and contribute to short-term volatility.
• Mixed Messaging: While some government agencies are exploring blockchain technology, others appear skeptical about cryptocurrency adoption.
What the Critics Say
Crypto experts argue that holding Bitcoin could benefit the US government as the digital asset continues to integrate into the global financial system. Others believe that frequent sales indicate a lack of trust in the cryptocurrency’s long-term potential.
What Does This Mean for Investors?
The government’s actions might create temporary dips, but they don’t alter Bitcoin’s fundamentals. For traders and investors:
• View dips as opportunities to enter or expand positions.
• Watch for potential regulatory shifts that could follow these sales.
Exit of the established Coín announced December 4 RLUSD!!
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Bullish
$XRP #RippleXRP
🚀 3 Reasons why XRP could keep rising in December 2024:
1️⃣ 📈 Growing adoption of RippleNet: Ripple's payment network continues to gain traction worldwide. With over 200 financial institutions and companies using the network, the use of XRP as a liquidity currency will continue to increase. 💸
2️⃣ 🤝 Collaborations and partnerships: Ripple has been forming collaborations and partnerships with major companies and organizations around the world. These collaborations could help boost the adoption of XRP and enhance its visibility in the market, just like the talk that has been had with Donald Trump (rumor). 🌎
3️⃣ 🔥 Community development: The XRP community has been growing and developing over the past few years. A strong community development can help drive the price of XRP, as demonstrated this bullish weekend. 🚀
I bought $XRP at 2.71 at the high and it has already fallen a lot, I have already lost almost 300R$. Should I keep it or sell it and buy another asset? I am desperate lol
The current technical analysis of XRP, with a price around $2.30 USD, shows a solid upward trend that could attract buyers interested in capitalizing on market momentum. Here are the key points that support this view
1. Strong Buy Trend#
• Technical indicators:
• RSI: Although at overbought levels, it reflects strong market interest.
• MACD: The signal line is above the baseline, indicating clear bullish strength.
• ADX: With values above 60, it shows a solid and well-defined trend
The price of Pepe Coin (PEPE) has reached $0.00022 in the past few hours, showing a significant upward movement. This increase reinforces the buy signals observed in recent technical indicators, highlighting the strength of the asset in a market with general momentum towards cryptocurrencies.
Keys to technical analysis
1. Supports and resistances:
• Nearest support: $0.000020.
• Next key resistance: $0.000025 (recent all-time high level).
1. Price Trend: • Key resistance: Currently, PEPE faces resistance at the level of $0.000021, which must be broken to confirm a bullish trend. • Important support: Support is located at $0.000019. If this level is broken, we could see a more pronounced drop【9】【11】. 2. Technical Indicators: • Moving Averages: • The price is slightly below the 50-day moving average, indicating weakness in the short term. • However, it is still above the 200-day moving average, suggesting that the long-term trend remains positive.
• Invest only what you are willing to lose: PEPE is an extremely volatile memecoin, so it should not occupy a significant percentage of your portfolio. • Example: If you allocate 5-10% of your funds to high-risk assets, you can assign part of this to PEPE.
2. Analyze price and market sentiment
• Supports and resistances: Currently, the price of PEPE is ~$0.00002123 USD. Observe key levels like $0.000020 and $0.000024, which act as support and resistance respectively【9】【10】.