Повідомлення Генеральний директор Ripple підриває ринок через ігнорування XRP, аналітик прогнозує вибух цін до $1000 вперше з’явився на Coinpedia Fintech News

Генеральний директор Ripple Бред Гарлінгхаус висловив своє розчарування через відсутність визнання XRP на ринку криптовалют. Незважаючи на нормативну чіткість у США, вартість XRP нижче 0,5 долара викликає розчарування та негативні настрої, а деякі називають її «мертвою монетою». 

Це розчарування виникає через статус XRP як одного з найгірших криптоактивів на нинішньому «бичачому» ринку. 

Ben Armstrong believes now could be the last chance to buy XRP at its low price range.

He predicts XRP could reach $1 or revisit the $2 range before Bitcoin’s halving.

XRP battles bearish volatility, crashing by over 8% to 0.6017 in the last 24 hours

With XRP at $0.6017, well-known crypto analyst Ben Armstrong argued that now could be the last chance to join the XRP train at this low price range. Armstrong voiced this sentiment in a recent video analyzing the various tokens with potential for the fast-growing bull market.

At press time, XRP battled bearish volatility, crashing by over 8% in the last 24 hours. Meanwhile, Armstrong noted that he is anticipating an explosive rally for XRP that could shock market participants. He asserted that upon XRP reclaiming the $0.70 mark, the stage is set for a further surge to the $1 threshold. 

Furthermore, Armstrong speculated on three potential scenarios for XRP leading up to the highly anticipated Bitcoin halving, approximately 40 days away. In his first projection, Armstrong suggested that XRP might revisit its all-time high of $3.84 before the April halving, although his confidence in this outcome remains moderate.

On the other hand, Armstrong proposed that XRP could test $2 before the Bitcoin halving event if it falls short of reclaiming its all-time high. His third scenario posits that XRP must at least reach the $1 target before Bitcoin halves. Considering XRP trades at $0.6017, attaining $1 requires about 66.1% gains.

Meanwhile, Armstrong depicted a bleak outlook for the crypto market leading up to the halving event. He indicated the potential for one or two weeks of downward momentum preceding the halving, implying that the current bullish trend might culminate around the end of March, coinciding with the close of the year’s first quarter.

Following the projected bearish trend, the analyst noted that market participants could anticipate more substantial gains before the bull season concludes next year.

The post Analyst Sees Last Chance to Buy XRP at $0.60, Predicts Rally appeared first on Coin Edition.

Ben Armstrong believes now could be the last chance to buy XRP at its low price range.

He predicts XRP could reach $1 or revisit the $2 range before Bitcoin’s halving.

XRP battles bearish volatility, crashing by over 8% to 0.6017 in the last 24 hours

With XRP at $0.6017, well-known crypto analyst Ben Armstrong argued that now could be the last chance to join the XRP train at this low price range. Armstrong voiced this sentiment in a recent video analyzing the various tokens with potential for the fast-growing bull market.

At press time, XRP battled bearish volatility, crashing by over 8% in the last 24 hours. Meanwhile, Armstrong noted that he is anticipating an explosive rally for XRP that could shock market participants. He asserted that upon XRP reclaiming the $0.70 mark, the stage is set for a further surge to the $1 threshold. 

Furthermore, Armstrong speculated on three potential scenarios for XRP leading up to the highly anticipated Bitcoin halving, approximately 40 days away. In his first projection, Armstrong suggested that XRP might revisit its all-time high of $3.84 before the April halving, although his confidence in this outcome remains moderate.

On the other hand, Armstrong proposed that XRP could test $2 before the Bitcoin halving event if it falls short of reclaiming its all-time high. His third scenario posits that XRP must at least reach the $1 target before Bitcoin halves. Considering XRP trades at $0.6017, attaining $1 requires about 66.1% gains.

Meanwhile, Armstrong depicted a bleak outlook for the crypto market leading up to the halving event. He indicated the potential for one or two weeks of downward momentum preceding the halving, implying that the current bullish trend might culminate around the end of March, coinciding with the close of the year’s first quarter.

Following the projected bearish trend, the analyst noted that market participants could anticipate more substantial gains before the bull season concludes next year.

The post Analyst Sees Last Chance to Buy XRP at $0.60, Predicts Rally appeared first on Coin Edition.

The post Citi Banker’s XRP Prediction Faces Criticism Over $500 Price Target appeared first on Coinpedia Fintech News

Shannon Thorp, an Operational Specialist at Citi, is under scrutiny from the crypto community after her bold prediction that XRP could surge to $100 to $500 within seven months has not come to fruition.

Countdown to Disappointment

In a recent post, user “Scam Detective” drew attention to Thorp’s ambitious forecast, noting that there’s only about a week left before her projected timeline concludes. Despite the anticipation for XRP to trade between $100 and $500, the cryptocurrency is currently struggling around $0.5369.

Shannon has less than 10 days for her price prediction of $100-$500 near short term (4-7 months). Do you think #XRP will pump 18,500% in the next few days?This post was seen by more than 1.7 million ppl &the fact that she worked for a bank lent credibly to her poor prediction. https://t.co/Racyk1d9Zz

— ⍼ ScamDaddy (@ScamDetective6) February 22, 2024

Scam Detective sarcastically questioned the possibility of XRP experiencing an 18,500% surge within the next few days to meet Thorp’s prediction. 

Despite being viewed by over 1.8 million people, Thorp’s post has let down many in the community. Initially seen as credible because of her association with a major financial institution, her unfulfilled prediction has now raised doubts.

XRP To $500 – Doubtful Target

Thorp’s analysis challenged the conventional methods of predicting XRP’s future price. She argued against the reliability of historical trends and criticized approaches based on utility and Ripple partnerships. 

People have long asked what will be the price of $XRP, when will this “utility” come? In my opinion, now more than ever I see a divided #XRPArmy! One side looking at only charts, taking cues from the past and trends that follow Bitcoin to draw short term price predictions. Whilst…

— Shannon Thorp (@thorpshannon87) July 29, 2023

Instead, Thorp emphasized that XRP’s current supply needs a higher valuation to meet the demands of financial institutions settling cross-border payments effectively, especially considering the multi-trillion dollar valuation of the cross-border payment market.

Although the banker’s forecast of $100 to $500 was grounded in her belief that XRP’s current valuation was insufficient for the demands of the market it aimed to serve. Despite facing criticism, Thorp asserted that her $500 projection was a conservative estimate and stood by her analysis.

A Questionable Surge

As of now, Thorp has not provided an updated response on her $500 projection. With XRP currently trading at $0.5409, achieving a $500 valuation within the next seven days would require an improbable 93,027% surge in the asset’s price. 

However, the significant gap between the predicted and actual value has fueled community discussions, questioning the feasibility of such a surge in the given timeframe.

The World Bank has formally designated Ripple’s native cryptocurrency, XRP, as a stablecoin. This classification signals a significant milestone for Ripple and its digital asset, affirming its increasing acceptance and functionality within the global financial sphere. The recognition came following discussions sparked by a tweet from a prominent Ripple supporter, further elaborated upon by insights from Sean McBride, a former director at Ripple.

Validation of Ripple’s strategic vision

Sean McBride’s reaffirmation of XRP’s utility and Ripple’s strategic direction underscores the company’s commitment to positioning XRP as a dependable medium for cross-border transactions. Despite speculation surrounding Ripple’s potential issuance of a new stablecoin, McBride’s emphasis on the World Bank’s recognition of XRP as a stablecoin solidifies Ripple’s efforts and hints at XRP’s potential evolution into a stablecoin in the future.

The World Bank’s classification of XRP as a stablecoin has sparked debates and speculations within the cryptocurrency market. Analysts note that XRP Ledger’s plans to introduce a stablecoin might influence the World Bank’s stance. Ripple’s decision not to launch a liquid stablecoin on the XRPL in recent years has reignited discussions, with speculation suggesting that Ripple’s focus on positioning XRP as a bridge currency for Central Bank Digital Currencies (CBDCs) may have influenced this strategic choice.

Implications for Ripple and the cryptocurrency market

The World Bank’s recognition of XRP as a stablecoin carries significant implications for Ripple and the broader cryptocurrency ecosystem. It enhances XRP’s credibility and underscores the evolving nature of digital currencies and their potential to reshape the global financial landscape. Ripple’s pivotal role in these developments positions the company at the forefront of discussions surrounding cross-border payments and the future of digital currencies. As debates continue, stakeholders across the financial spectrum will closely monitor Ripple’s strategic decisions and the trajectory of XRP within the cryptocurrency market.

The post Ripple’s XRP designated stablecoin by World Bank first appeared on Coinfea.