🇦🇪🇦🇪BREAKING🚨: Phoenix Group, UAE's First Crypto Firm on ADX, Plans Nasdaq Listing in 2025
Phoenix Group to Dual-List on Nasdaq in 2025: What You Need to Know ‼️🇦🇪 Phoenix Group, the UAE’s first crypto company to list on the Abu Dhabi Stock Exchange (ADX), is preparing for a dual-listing on Nasdaq in 2025. This strategic move aims to expand the company’s global presence and further solidify the UAE as a leading crypto hub. ### A Strong Start in the UAE Founded in 2017 in Abu Dhabi, Phoenix Group has quickly become the largest cryptocurrency mining operator in the MENA region. It operates over 765 MW of mining facilities across the UAE, US, and Canada. In October 2023, the company made waves by listing on the ADX. ### Why Nasdaq Matters The dual-listing on Nasdaq will help Phoenix Group grow internationally and attract more investors. As one of the world’s premier stock exchanges, Nasdaq offers significant exposure, opening doors to new global opportunities. CEO Munaf Ali emphasizes the importance of integrating traditional and digital assets, underlining Phoenix’s commitment to financial innovation. ### Leading the Crypto Mining Space Phoenix Group isn't just a mining giant; it’s also the exclusive distributor of Bitcoin mining devices in the GCC, Egypt, Kenya, and Turkey. This broad network enhances its influence across key markets. ### UAE’s Digital Push The UAE government’s strong support for digital innovation and financial technology has played a crucial role in Phoenix Group’s success. As the country builds its crypto and blockchain ecosystem, Phoenix’s growth further cements the UAE’s position as a crypto powerhouse. ### Looking Ahead Phoenix Group’s Nasdaq listing in 2025 marks an exciting new chapter in its global expansion. It will boost the company’s international profile and reinforce the UAE's role as a leader in cryptocurrency innovation. #PhoenixGlobal #UAECrypto #UAE #abudhabi #g315c $BNB $BTC $XRP
News 🗞️🚨: XRP at Make-or-Break Level: Can It Hold $2.15?
XRP at Make-or-Break Level: Can It Hold $2.15? XRP, the native cryptocurrency of Ripple Labs, has been in the spotlight recently as it navigates through a period of heightened uncertainty within the broader cryptocurrency market. Over the past few days, many major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), have experienced notable declines in price, raising questions about the sustainability of their bullish trends. However, XRP seems to be weathering the storm, maintaining a critical support level at $2.15 despite the turbulent market conditions. ### XRP's Current Outlook Despite the overall downtrend affecting the wider cryptocurrency space, XRP has shown resilience. For the past five consecutive trading days, XRP has successfully held its key support level at $2.15. This is in stark contrast to the price declines observed in many other prominent cryptocurrencies during the same period. The strength in XRP’s price performance could be attributed to continued investor confidence. According to on-chain analytics from Coinglass, XRP has been able to retain support due to a strong belief in its long-term prospects from both investors and traders. ### XRP’s $407 Million Outflow: Bullish Sign? One of the factors contributing to XRP's stability is the notable outflow of the token from exchanges. Data from Coinglass revealed that a significant $407 million worth of XRP has exited exchanges over the past six days, signaling accumulation. In the cryptocurrency world, "outflow" refers to assets moving from exchanges to private wallets, which is generally viewed as a sign of confidence in the asset's future price appreciation. Importantly, during this period, exchanges did not experience inflows or token deposits from wallet addresses. This lack of new tokens being sent to exchanges hints at a potential shift in sentiment, with holders possibly preparing for future price rallies. If this outflow trend continues, it could put buying pressure on the market and support the bullish case for XRP. ### Technical Analysis: The $2.15 Make-or-Break Level From a technical standpoint, XRP is currently testing a crucial support level at $2.15. If the token fails to maintain this level and closes below it on a daily chart, the next major support is found around $1.95, representing a potential decline of 15% from its current price. Such a move would signal further bearish pressure for XRP, at least in the short term. However, should XRP manage to hold the $2.15 support, the outlook turns more optimistic. According to technical analysis, a successful bounce could push XRP upwards by as much as 25%, with a potential price target of $2.75. ### Current Price and Market Sentiment As of now, XRP is trading near the $2.20 mark, reflecting a slight decline of over 1.05% in the last 24 hours. Furthermore, its trading volume has also decreased by approximately 5%, indicating lower market participation and caution among traders and investors. This reduction in trading activity may be a sign of market uncertainty, with participants waiting for more clarity before committing to larger positions. ### Conclusion: A Critical Moment for XRP XRP is currently at a pivotal point, with the $2.15 support level acting as a key battleground for bulls and bears. While the ongoing outflows of XRP from exchanges are a bullish sign, the technical outlook suggests that a failure to hold this critical support could lead to further declines. However, if XRP can maintain its position above $2.15, it could open the door to significant upside potential, possibly targeting $2.75 in the near future. As always, investors should remain cautious and keep an eye on both broader market trends and XRP-specific developments to gauge the direction of the token in the coming days. #Xrp🔥🔥 #XRPcommunity #XRPHolders #XRPPredictions #BinanceLaunchpoolBIO $XRP
XRP, the cryptocurrency associated with Ripple Labs, is currently at a critical price level, holding support at $2.15 despite broader market downturns. While major cryptocurrencies like Bitcoin and Ethereum have seen declines, XRP has shown resilience, potentially due to strong investor confidence and significant outflows from exchanges—amounting to $407 million in the past six days. These outflows suggest accumulation, which could lead to bullish momentum.
From a technical perspective, if XRP falls below the $2.15 support, it could drop to the next support level at $1.95, a 15% decline. Conversely, if it maintains this level, there’s potential for a 25% increase, with a target price of $2.75. As of now, XRP is trading around $2.20, with lower trading volume, indicating caution in the market. The coming days will be crucial in determining XRP's next move. #XRPHolders #Xrp🔥🔥 #XRPcommunity #BinanceLaunchpoolBIO $XRP
Trump is now officially among the top 1% of the largest $XRP holders. Let that sink in. 🔥what do you think 🤔 let me know in the comment I’m waiting #Trump $XRP #Xrp🔥🔥 #XRPHolders #XRPcommunity