$XRP #Xrp🔥🔥 #RLUSD

XRP Ledger (XRPL) is undergoing many advancements. In the latest update, the protocol has shipped two major amendments with unique fixes and is expecting the launch of Ripple stablecoin RLUSD.
New XRP Ledger updates
As the dominant XRPL explorer XRPScan noted, the protocol has enabled "fixPreviousTxnID" and "fixEmptyDID" on the mainnet.
The fixPreviousTxnID amendment will directly address the updates of a ledger for transaction modifications. This is vital to properly construe the addition of changes in a dynamic AMM and Ledger dApp. This amendment bagged 28/35 consensus votes with a consensus reading of 88.57%.
The fixEmptyDID is crucial as it "adds an additional check to prevent empty DID ledger entries from being created." With optimal functionality, the core goal of XRP Ledger is for users and developers to easily flag an entry with empty transactions and make the necessary adjustments.
Over the past few months, XRP Ledger has released unique updates to address key network challenges. The fix for the XRP Ledger Full History Servers issue was recently merged in an official rippled release of the XRPLF Repository — rippled 2.2.3.
These upgrades are part of the evolution of XRPL and will greatly enhance the RLUSD launch ahead.
Ripple stablecoin — right pegs in right holes
To bolster the advances for its stablecoin, Ripple Developers is ensuring that the right pegs are placed in the right holes ahead of the RLUSD launch.
Thus far, Ripple has intensified its testing of the new token by minting and burning it on XRP Ledger and the Ethereum network. The timeline for the stablecoin launch remains unknown, but with the key trend around XRPL, the firm appears ready for the stablecoin.
With all functionalities in place, the RLUSD token will likely be getting the advanced capabilities for success right from launch.

At press time, #XRP was trading at $0.61, with daily gains of over 4%. On the weekly chart, the token was up by 4%.
At its current price, XRP is showing optimistic sentiment. The token is trading above the 50-day simple moving average (SMA) of $0.57 and its 200-day SMA of $0.55. Therefore, it can summed that XRP is under the control of buyers as the metric signals bullish momentum both in the short and long term.
At the same time, with a neutral 14-day Relative Strength Index (RSI) at 58.32, the asset is neither overbought nor oversold. With the bullish momentum, XRP investors should monitor the price trajectory around the $0.60 zone, as a break in either direction could be consequential.
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Analyst Rietveld predicts Bitcoin could surge to $100,000 or higher, potentially driving significant liquidity into altcoins like $XRP . One key factor behind this optimistic forecast for Bitcoin is the ongoing “money printing” in the U.S. economy.

Rietveld highlights historical data that shows past halving cycles often coincide with market recoveries during periods of increased money supply. He recalls how, in February 2020, as the Federal Reserve ramped up money printing, Bitcoin initially dropped to around $5,000 before skyrocketing to $60,000 the following year. During the same cycle, altcoins such as Solana saw remarkable growth, with Solana gaining 100x in value.

However, Rietveld warns that the initial phase of liquidity injection may cause market volatility. He advises investors to be prepared for price corrections similar to previous cycles, where Bitcoin fell from $60,000 in April 2021 to around $32,000 three months later, only to rally again. He speculates that Bitcoin could experience a similar 50% drop before rebounding to new all-time highs.

XRP Forecast: Wild Days Ahead

Turning his attention to XRP, Rietveld suggests that while Bitcoin may see significant price swings, XRP could show relative stability. He encourages investors to use a dollar-cost averaging strategy for XRP, noting that it often outperforms Bitcoin on several trading days.

Rietveld anticipates that the market cycle could peak around mid-2025, with Bitcoin potentially exceeding $100,000. In the meantime, he advises investors to stay alert, keep cash on hand to buy dips, and consider leveraging XRP as the market gears up for explosive growth.

At the time of writing, XRP is priced at $0.5898, reflecting a 3% increase over the past week.

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Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed are those of the author and do not reflect The Crypto Basic’s views. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses.

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Crypto analyst Levi Rietveld has projected that XRP could soar to $100, drawing on recent statements made by MicroStrategy chairman Michael Saylor.

Rietveld’s analysis aligns XRP’s future with Saylor’s vision for Bitcoin for the coming decades. During a CNBC interview, Saylor shocked the crypto world with his $13 million Bitcoin forecast.

He argued that Bitcoin would grow to account for 7% of the world’s capital. He cited its advantages as a global, non-sovereign asset free from the risks associated with government currencies.

Based on this, Saylor believes that over the next 21 years, Bitcoin could reach $13 million per token. He expects its growth to slow down slightly from its current 44% annual rate but predicts it will eventually stabilize, offering returns comparable to the S&P 500, plus an additional 8%.

Meanwhile, the ripple effect Saylor’s projection could have on other digital assets like XRP has caught Rietveld’s attention.

In a recent analysis, he explained that if Bitcoin achieves a multi-trillion-dollar market cap, it’s only natural that XRP will see a corresponding surge. Rietveld noted that XRP serves a unique niche by providing liquidity and addressing market gaps that Bitcoin does not, making it a crucial asset in the broader crypto landscape.

XRP to Hit $100 with Bitcoin at $13 Million
At the time of writing, XRP is hovering around $0.580, but Rietveld believes that if Bitcoin reaches Saylor’s $13 million target, XRP could hit $100.

Currently, Bitcoin is worth around $63,500, meaning it requires an increase of over 200-fold to reach the $13 million mark. At this level, Bitcoin’s market share would hit $273 trillion.

Presently, Bitcoin commands over half the valuation of the global crypto market. Essentially, if Bitcoin reaches $13 million, the entire crypto market would be worth over $546 trillion.

Given XRP’s status as a top-ranked asset alongside Bitcoin, Rietveld believes XRP would benefit significantly from Bitcoin’s projected 20,300% growth. Precisely, factoring this percentage increase into XRP’s price would place the altcoin’s value at over $118.

It is worth mentioning that Saylor expects Bitcoin to be worth $13 million by 2045, a long-term outlook. However, some analysts in the XRP community believe XRP could surpass $100 in a much shorter time frame—possibly as early as next year.

This suggests that, based on the optimistic projections of XRP proponents, by the time Bitcoin reaches $13 million in 2045, XRP could be worth much more than $100.
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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 Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Market analyst EGRAG draws out a structure he calls the “Nike swoosh pattern” on the monthly XRP chart, expecting it to take XRP to $13.
EGRAG, known for his unconventional charting styles, disclosed this in his latest XRP price analysis. The report comes as XRP continues to battle the pivotal $0.60 psychological resistance level. Several market commentators have identified the importance of this level for XRP’s uptrend.
XRP Forms “Nike Swoosh” Pattern
However, a push beyond the $0.60 mark on Sept. 21 faced intense opposition from the bears. Subsequently, XRP dropped to $0.59 and now trades at the $0.58 region. Despite this, EGRAG’s chart confirms that XRP’s recent price action keeps it within the Nike swoosh pattern. 
According to the market analyst, the formation of this pattern began in January 2018, amid XRP’s collapse from the all-time high. As XRP retraced the gains it picked up in 2017, it recorded a massive 96% crash from $3.31 in January 2018 to a bottom price of $0.1140 in March 2020. This drop marked the formation of the initial part of the swoosh.
Interestingly, with the $0.1140 floor price representing the lower end of the swoosh curve, XRP has only recovered from this level. Since March 2020, XRP has continued to witness higher lows, as buyers step into the scene. The higher lows have resulted in the formation of the upward sloping end of the Nike swoosh.
A Possible $13 Target 
XRP has continued to leverage the upward sloping curve from the swoosh as support. EGRAG believes this pattern will persist over the next few months, as the altcoin retains its higher lows campaign. Should XRP sustain the structure, EGRAG expects an imminent price surge.
He derived his target for this surge by drawing a height from the downward sloping line formed as the cover to the initial part of the swoosh. From this height, he sees XRP reaching as high as $13, a 2,135% increase from the current level.
Interestingly, multiple analysts have predicted this $13 price target for XRP, but with varying rationales. For instance, in May, Matthew Dixon, CEO of Evai, asserted that XRP could target $13. Analyst Casi also projected a $13 price for XRP following a breakout from its six-year consolidation pattern.
XRP Short-Term Movements
Meanwhile, in the short term, XRP has continued to respect the $0.6178 resistance at the upper Bollinger Band. XRP currently trades for $0.58162, down 1.87% over the past 24 hours. Despite the drop, it trades above the middle Bollinger Band ($0.5714), which it will leverage as support should a steeper crash occur.
Notably, XRP’s Directional Moving Index (DMI) shows the +DI at 21.7 and the -DI at 20.15, indicating that the bulls have a slight edge. However, with the ADX at 12.48, this bullish momentum is extremely weak, as the market remains indecisive. A push to either side could make or mar XRP in the short term.
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 Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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