This week, XRP, SHIB, and TRX entered greed territory. TRON took the lead with an impressive 27% price increase. Chart by TradingView1. TRON/USD In a surprising turn, TRX is approaching its all-time high at 18 cents. This is a key target for the current rally, which has made the chart bullish. This latest push comes after a successful breakout above 15 cents, which is now a key support. Chart by TradingViewTron is standing at $0.16 at press time. 2. XRP/USD XRP started the...
Read More »Which Crypto Will Perform Better in 2024: XRP, SHIB, or ADA? ChatGPT Speculates
The cryptocurrency market is going through a rough patch at the moment, with many coins withdrawing from their respective yearly highs. According to the popular cryptocurrency Fear and Greed Index, the market is currently in a state of “Extreme Fear,” indicating the ongoing uncertainty among participants. Source: Alternative.meThat said, we decided to have some fun with ChatGPT and ask one of the more pressing questions, comparing three of the most popular altcoins as of...
Read More »Ripple Price Analysis: XRP Bulls Want to Aim $0.64 But There’s a Catch
XRP’s price has seen minimal volatility near the significant support region of the 200-day moving average at $0.54. Given the potential demand at this crucial juncture, a period of sideways consolidation is expected, with Ripple likely moving toward the $0.64 resistance region in the short term. By Shayan The Daily Chart Ripple’s price is showing minimal volatility near the crucial support level of the 200-day moving average at $0.54. After a slight rejection from the...
Read More »Ripple (XRP) Blasts Through a Major Milestone
TL;DR XRP surpassed another milestone in terms of total tokens held in accounts. After a legal victory, XRP’s price briefly surged before stabilizing, with analysts predicting potential future gains. XRP’s Achievement Ripple’s XRP continues to make the headlines, recently reaching an important adoption milestone. According to XRPL Services, the total amount of XRP tokens held in accounts exceeded 60 billion (equaling over $34 billion calculated at current rates). Data shows...
Read More »Why is the Ripple (XRP) Price Up Today?
Despite an uneventful weekend, XRP started Monday in green. Key Support levels: $0.54 Key Resistance levels: $0.68 1. Price Find Support After a roller coaster volatility, XRP’s price finally found good support at 54 cents and it seems buyers are again interested in taking this cryptocurrency higher. If successful, the current target and resistance is found at 68 cents. Chart by TradingView2. Buyers Return If over the weekend buyers were absent, they appear to have returned...
Read More »Ripple (XRP) Inks a Strategic Deal in the Middle East: Details
TL;DR Ripple is partnering with the Dubai International Financial Center (DIFC) to enhance blockchain and crypto innovation in the UAE, focusing on early-stage companies and scale-ups. This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech. Ripple and Dubai Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC). The DIFC is a special economic zone in...
Read More »Ripple Price Analysis: Here’s What You Need to Know About XRP’s Next Move
Following a significant drop to the crucial support region of $0.43, Ripple encountered increased buying pressure and saw a substantial surge, pushing the price back above the 100 and 200-day moving averages. This recent action has left market participants uncertain about XRP’s overall direction, with the upcoming movements likely providing clarity. By Shayan The Daily Chart An in-depth look at Ripple’s daily chart shows that after a sharp decline below the 100 and 200-day...
Read More »XRP Whale Holdings Hit All-Time High Amid Ripple v SEC Lawsuit Update
XRP has decoupled from the broader crypto market, outperforming all top assets in terms of daily gains. While the rest of the market struggles, XRP experienced a sharp price increase of nearly 20% in the past day, reaching $0.64 on Thursday before slightly retracing to $0.61. As a result of the continued uptrend, XRP has managed to post an impressive 42% in monthly gains. This bullish trend is backed by a certain group of whale wallets that have accumulated a significant...
Read More »Ripple Fined $125M in Lawsuit Against SEC, XRP Price Soars 20% Immediately
Ripple has been fined $125 million in the lawsuit against the United States Securities and Exchange Commission. This is just a fraction of what the SEC had previously asked for in the case. The fine that Judge Analisa Torres settled on is far less than the $1 billion in disgorgement and prejudgment interest and $900 million in civil penalty the SEC sought. XRP investors have seen this as a positive for the firm and the cryptocurrency, which exploded by more than 20%...
Read More »Important Ripple (XRP) Announcement: Real World Assets on XRPL?
TL;DR OpenEden is launching tokenized US Treasury Bills on the XRP Ledger. Users will be able to mint such products via stablecoins such as Ripple USD (when it sees the light of day later this year). XRP’s price is down 6% for the day, but a potential resolution in the Ripple v SEC lawsuit could positively affect its value. Tokenized US T-Bills on the XRPL OpenEden – a fintech company focused on bridging traditional finance and DeFi – will introduce tokenized US Treasury...
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