Tag: XRP

XRP Climb Above $1?, Fibonacci Levels Reveal More Gains Ahead

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Whale Alert: XRP Accumulation Reaches 5-Year Peak

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Este artículo también está disponible en español. XRP has been causing waves in the crypto space with a significant price pop and equal amounts of market attention from investors. Whale and shark wallets holding a minimum of 1 million XRP recently reached a five-year high of 45.61 billion tokens. Related Reading The increase in accumulation suggests renewed confidence from high net-worth investors who believe there is more upside for the coin. As per Santiment, these whales collected 3.44 billion tokens over the last two years which is an uptick of…

XRP Primed For $100 Price Target, Here’s Why

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

XRP Skyrockets Past $1 as SEC Faces Legal Troubles And Favourable Regulatory Shift Looms

In December 2020, the SEC filed a lawsuit against Ripple Labs, accusing the company of conducting an unregistered securities offering by selling XRP, which the SEC classified as a security. In July of last year, a U.S. court ruled that Ripple’s XRP sales to institutional investors qualified as securities transactions. However, it also determined that sales of XRP on public exchanges did not fall under the definition of a security. In October, the SEC appealed against this ruling, seeking further clarification on the legal status of XRP. Source

Why Is XRP Price Up Today? Key Reasons Explained

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Este artículo también está disponible en español. The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be attributed to a confluence of factors, including speculation surrounding SEC Chairman Gary Gensler’s potential resignation, favorable regulatory tailwinds under the incoming Trump administration, increased whale activity, and a notable technical breakout. #1 Speculation About SEC Chairman Gary Gensler’s Resignation A primary driver behind XRP’s recent price movement is the growing speculation regarding the possible resignation…

XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target

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Este artículo también está disponible en español. XRP is making waves in the crypto market, trading at $0.82 after setting new yearly highs following an impressive 65% surge in just a few days. This rally has captured the attention of investors and analysts, with top analyst Carl Runefelt sharing insights into XRP’s bullish breakout. According to Runefelt, XRP has finally broken above a multi-year resistance level, signaling the potential for a massive rally to higher prices in the coming weeks. Related Reading Adding to the optimism, recent positive developments in…

XRP Price Rockets Upward: Bulls Poised for More Gains

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XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone. XRP price started a strong increase above the $0.720 resistance. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.7400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.7240 support zone. XRP Price Gains…

XRP Price Will Escalate To $1.03 This Week If This Happens

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Este artículo también está disponible en español. In a new analysis, crypto analyst Dark Defender (@DefendDark) highlights a significant pattern in the daily XRP/USDT chart that suggests a possible sharp rise in the price of XRP. According to his analysis, the XRP price is possibly forming a technical pattern known as a “bull flag” after decisively breaking above the multi-year resistance at $0.6649, a move that has been further substantiated by two consecutive daily closes above this key level. XRP Price To Reach $1.03 This Week? A “bull flag” pattern…

SocGen Crypto Arm to Bring Its Euro Stablecoin EURCV to XRP Ledger, Expanding Beyond Ethereum, Solana

Stablecoins, which are cryptocurrencies with their price anchored to government-issued currencies, are increasingly popular for payments across the globe, offering a more efficient and cheaper way to move money. As countries roll out regulations for the asset class, more banks are getting interested in issuing their own stablecoin. Spanish bank BBVA, for example, said it plans to issue a stablecoin on Ethereum next year using payment firm Visa’s tokenization platform. Source