XRPAdventure
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Stay Calm! Ripple CTO Clarifies: Selling XRP Stabilizes the Market, It's Not a Dump
- Ripple's CTO, David Schwartz, recently clarified that the company's sales of XRP are intended for liquidity management, not to dump on investors.
- Ripple maintains its XRP reserves in two categories: escrow accounts and readily accessible portions. Tokens from escrow accounts are released every 42 months.
- Despite the CTO's explanation, Ripple transferred another 50 million XRP to an unknown wallet just a day later.
- In the charts, XRP is attempting to reclaim an upward trendline. A potential 40% surge could occur if XRP breaks above the $0.55 mark.
Ripple has faced criticism in recent years from various stakeholders, including investors, traders, and even law enforcement agencies. The primary concern revolves around Ripple's consistent sale of XRP tokens. Recently, Ripple's Chief Technology Officer, David Schwartz, defended these sales on Twitter, characterizing them as routine transactions rather than harmful dumps.
Why does Ripple regularly sell XRP despite investor concerns? How frequently does this occur, and is it truly necessary for the company?
Ripple's Selling Strategy
Ripple holds a substantial amount of XRP in its reserves, which it periodically releases and sells. These reserves are divided into two main categories: XRP that is immediately accessible and XRP that is held in escrow.
In its Q1 2024 report, Ripple explained the importance of these classifications. The report indicates that XRP in escrow accounts is released every 42 months, during which time the company cannot access these tokens. Moreover, most of the tokens released from escrow each month are not immediately sold but are instead re-locked and released in subsequent months.
Managing Liquidity
A Twitter user named Steve recently highlighted the issue by asking why Ripple is the largest seller of XRP. Schwartz responded, explaining that holding vast amounts of XRP indefinitely is impractical. Selling these holdings is necessary to manage the liquidity of the tokens. Schwartz emphasized that Ripple's actions are simply selling, not dumping tokens into the market.
Continued Sales Activity
Despite Schwartz's explanation, Whale Alert recently reported a transfer of another 50 million XRP tokens from Ripple Labs to an unknown wallet. This transaction, valued at approximately $25.7 million, follows another large-scale movement just last week involving over 100 million XRP sent to an external wallet.
XRP's Market Performance
On April 8, XRP broke below an ascending trendline, indicating a potential setback. However, bullish investors have been working to push the cryptocurrency back above this trendline. Currently trading around $0.54, XRP is close to surpassing the psychological resistance level of $0.55. A break above this level could lead to a further rally, potentially reaching the $0.75 zone or higher.
Disclaimer: Voice of Crypto aims to provide accurate and timely information but is not responsible for any missing facts or inaccuracies. Cryptocurrencies are highly volatile assets, so please conduct thorough research and make your own financial decisions.
#ripple #XRPAdventure #Crypto2024 #altcoins #altcoin
$XRP
- Ripple maintains its XRP reserves in two categories: escrow accounts and readily accessible portions. Tokens from escrow accounts are released every 42 months.
- Despite the CTO's explanation, Ripple transferred another 50 million XRP to an unknown wallet just a day later.
- In the charts, XRP is attempting to reclaim an upward trendline. A potential 40% surge could occur if XRP breaks above the $0.55 mark.
Ripple has faced criticism in recent years from various stakeholders, including investors, traders, and even law enforcement agencies. The primary concern revolves around Ripple's consistent sale of XRP tokens. Recently, Ripple's Chief Technology Officer, David Schwartz, defended these sales on Twitter, characterizing them as routine transactions rather than harmful dumps.
Why does Ripple regularly sell XRP despite investor concerns? How frequently does this occur, and is it truly necessary for the company?
Ripple's Selling Strategy
Ripple holds a substantial amount of XRP in its reserves, which it periodically releases and sells. These reserves are divided into two main categories: XRP that is immediately accessible and XRP that is held in escrow.
In its Q1 2024 report, Ripple explained the importance of these classifications. The report indicates that XRP in escrow accounts is released every 42 months, during which time the company cannot access these tokens. Moreover, most of the tokens released from escrow each month are not immediately sold but are instead re-locked and released in subsequent months.
Managing Liquidity
A Twitter user named Steve recently highlighted the issue by asking why Ripple is the largest seller of XRP. Schwartz responded, explaining that holding vast amounts of XRP indefinitely is impractical. Selling these holdings is necessary to manage the liquidity of the tokens. Schwartz emphasized that Ripple's actions are simply selling, not dumping tokens into the market.
Continued Sales Activity
Despite Schwartz's explanation, Whale Alert recently reported a transfer of another 50 million XRP tokens from Ripple Labs to an unknown wallet. This transaction, valued at approximately $25.7 million, follows another large-scale movement just last week involving over 100 million XRP sent to an external wallet.
XRP's Market Performance
On April 8, XRP broke below an ascending trendline, indicating a potential setback. However, bullish investors have been working to push the cryptocurrency back above this trendline. Currently trading around $0.54, XRP is close to surpassing the psychological resistance level of $0.55. A break above this level could lead to a further rally, potentially reaching the $0.75 zone or higher.
Disclaimer: Voice of Crypto aims to provide accurate and timely information but is not responsible for any missing facts or inaccuracies. Cryptocurrencies are highly volatile assets, so please conduct thorough research and make your own financial decisions.
#ripple #XRPAdventure #Crypto2024 #altcoins #altcoin
$XRP
#XRP/USDT🔥🔥 (LONG)
⏺ENTRY:- 0. 5350
🏹𝗧𝗣:- 0.5400 - 0.5480 - 0.5600
🚫𝗦𝗟:- 0.52
📢𝗣𝘂𝗯𝗹𝗶𝘀𝗵 𝗯𝘆 - @DLXTRADE
⌚️ 22May Signal:- no. #4
#XRPAdventure
⏺ENTRY:- 0. 5350
🏹𝗧𝗣:- 0.5400 - 0.5480 - 0.5600
🚫𝗦𝗟:- 0.52
📢𝗣𝘂𝗯𝗹𝗶𝘀𝗵 𝗯𝘆 - @DLXTRADE
⌚️ 22May Signal:- no. #4
#XRPAdventure
XRP Price Heats Up! Ripple Lawyer Predicts $2 Target Next?
XRP, Ripple’s cryptocurrency, has surged to an astonishing milestone, hitting a historic high as Bitcoin reached $73,000. Within just 24 hours, XRP saw a notable increase of 14.55%, now standing at $0.6986.
Bill Morgan, a strong supporter and lawyer for XRP, has shared his optimistic outlook. In a recent tweet, Morgan confidently predicted that XRP’s price could reach $2 by April or May.
The Sentiments? Highly Optimistic!
In a recent tweet, prominent XRP advocate and lawyer Bill Morgan expressed his expectations for the cryptocurrency’s price trajectory. Morgan shared the expectation that the price of XRP will rise sharply, targeting around $2.00 in the coming months in April or May.
While Morgan acknowledges that XRP hasn’t yet hit its all-time high, he remains positive about its future. Despite the delay, supporters continue to believe in XRP’s potential.
XRP has been in the spotlight lately due to its impressive rally. It’s currently trading at $0.6972, with a massive 24-hour trading volume exceeding $7.5 billion and a market capitalization of $38.17 billion.
CrediBULL’s tweet has not gone unnoticed within the crypto community. Traders and investors alike are paying close attention to these bullish signals, understanding the significant influence analyst insights can wield over short-term market sentiment regarding $XRP .
If you wants Earn daily 100 $ Check Below Qouted content 👇
#XRPAdventure
XRP, Ripple’s cryptocurrency, has surged to an astonishing milestone, hitting a historic high as Bitcoin reached $73,000. Within just 24 hours, XRP saw a notable increase of 14.55%, now standing at $0.6986.
Bill Morgan, a strong supporter and lawyer for XRP, has shared his optimistic outlook. In a recent tweet, Morgan confidently predicted that XRP’s price could reach $2 by April or May.
The Sentiments? Highly Optimistic!
In a recent tweet, prominent XRP advocate and lawyer Bill Morgan expressed his expectations for the cryptocurrency’s price trajectory. Morgan shared the expectation that the price of XRP will rise sharply, targeting around $2.00 in the coming months in April or May.
While Morgan acknowledges that XRP hasn’t yet hit its all-time high, he remains positive about its future. Despite the delay, supporters continue to believe in XRP’s potential.
XRP has been in the spotlight lately due to its impressive rally. It’s currently trading at $0.6972, with a massive 24-hour trading volume exceeding $7.5 billion and a market capitalization of $38.17 billion.
CrediBULL’s tweet has not gone unnoticed within the crypto community. Traders and investors alike are paying close attention to these bullish signals, understanding the significant influence analyst insights can wield over short-term market sentiment regarding $XRP .
If you wants Earn daily 100 $ Check Below Qouted content 👇
#XRPAdventure
Quoted content has been removed
Citi banker Shannon Thorp, who gained prominence in the crypto sphere for a daring projection about $XRP reaching triple-digit value within seven months, has finally owned up to her unfulfilled price prediction.
In a recent post on X, Thorp remarked on her bold forecast that XRP could be worth $500 in under seven months as the set timeline elapsed.
Recall that on July 30, 2023, Shannon Thorp proclaimed that XRP was poised to reach a market value of $100 and $500 within four to seven months from the time of the commentary. The tweet exploded to become one of her most famous statements on X, as it has been viewed over 1.8 million times.
Notably, the main factor that guided the daring forecast was the multi-trillion-dollar size of the cross-border payment market. Considering its supply, Thorp believes a low-priced XRP cannot fit into such a market.
At the time of the claim, XRP traded at $0.712. The banker expected XRP to have grown by 70,124% by February 29—instead, the asset dipped by at least 15%.
With the seven-month window expiring, Thorp took to X to admit the failure after enduring severe backlashes in recent weeks.
#Wriye2Earn #TrendingTopic #XRPAdventure
In a recent post on X, Thorp remarked on her bold forecast that XRP could be worth $500 in under seven months as the set timeline elapsed.
Recall that on July 30, 2023, Shannon Thorp proclaimed that XRP was poised to reach a market value of $100 and $500 within four to seven months from the time of the commentary. The tweet exploded to become one of her most famous statements on X, as it has been viewed over 1.8 million times.
Notably, the main factor that guided the daring forecast was the multi-trillion-dollar size of the cross-border payment market. Considering its supply, Thorp believes a low-priced XRP cannot fit into such a market.
At the time of the claim, XRP traded at $0.712. The banker expected XRP to have grown by 70,124% by February 29—instead, the asset dipped by at least 15%.
With the seven-month window expiring, Thorp took to X to admit the failure after enduring severe backlashes in recent weeks.
#Wriye2Earn #TrendingTopic #XRPAdventure
Attention, fellow crypto enthusiasts! 📣 Brace yourselves for some big news in the world of XRP! 💥 Magistrate Judge Sarah Netburn has set a deadline for the SEC to file its reply in the ongoing legal saga with Ripple Labs. ⚖️ With the SEC's response due by April 29, 2024, the crypto community is on the edge of their seats awaiting the next chapter in this gripping legal drama! 🍿
But wait, there's more! Ripple has been given a tight timeline of just three business days to file their response with the SEC. Talk about a race against the clock! ⏰ And with Judge Netburn's recent nomination as District Judge, the stakes are higher than ever in this courtroom showdown! 👩⚖️
Despite the intense legal battle, XRP's price has been riding a rollercoaster of emotions amid a broader crypto market selloff. 🎢 While whales are busy accumulating, the price of XRP struggled to maintain its upward momentum. But fear not, for in the world of crypto, every dip is just another opportunity for the brave-hearted! 💪
As of now, XRP is down 2.25% and trading at $0.5142, with trading volume taking a dip as well. But don't let the numbers fool you; the crypto market is a wild ride, with highs and lows that keep us all on our toes! 📈📉 So, buckle up and hold on tight as we navigate the twists and turns of this thrilling crypto adventure together! 🚀 #XRPAdventure #CryptoDrama 🌟
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But wait, there's more! Ripple has been given a tight timeline of just three business days to file their response with the SEC. Talk about a race against the clock! ⏰ And with Judge Netburn's recent nomination as District Judge, the stakes are higher than ever in this courtroom showdown! 👩⚖️
Despite the intense legal battle, XRP's price has been riding a rollercoaster of emotions amid a broader crypto market selloff. 🎢 While whales are busy accumulating, the price of XRP struggled to maintain its upward momentum. But fear not, for in the world of crypto, every dip is just another opportunity for the brave-hearted! 💪
As of now, XRP is down 2.25% and trading at $0.5142, with trading volume taking a dip as well. But don't let the numbers fool you; the crypto market is a wild ride, with highs and lows that keep us all on our toes! 📈📉 So, buckle up and hold on tight as we navigate the twists and turns of this thrilling crypto adventure together! 🚀 #XRPAdventure #CryptoDrama 🌟
Follow | Like ❤️ | Quote 🔄 | Comment🙏
𝗟𝗔𝗧𝗘𝗦𝗧: 𝗫𝗥𝗣 𝗠𝗶𝗹𝗹𝗶𝗼𝗻𝗮𝗶𝗿𝗲 𝗔𝗱𝗱𝗿𝗲𝘀𝘀𝗲𝘀 𝗔𝗰𝗵𝗶𝗲𝘃𝗲 𝗔𝗹𝗹-𝗧𝗶𝗺𝗲 𝗛𝗶𝗴𝗵
XRP has reached a new all-time high in millionaire addresses, with data from Santiment indicating a count of 2,013 wallets each holding at least one million XRP. This number is just one short of the previous record set in June 2023. The trend suggests a burgeoning bullish sentiment, echoing the dramatic increase in value experienced by the altcoin last year. In a remarkable surge following a favorable legal judgment in the SEC v. Ripple case, XRP prices nearly doubled, achieving close to $1 per token in merely a month.
#bitcoin #Web3 #XRPAdventure #ETH
XRP has reached a new all-time high in millionaire addresses, with data from Santiment indicating a count of 2,013 wallets each holding at least one million XRP. This number is just one short of the previous record set in June 2023. The trend suggests a burgeoning bullish sentiment, echoing the dramatic increase in value experienced by the altcoin last year. In a remarkable surge following a favorable legal judgment in the SEC v. Ripple case, XRP prices nearly doubled, achieving close to $1 per token in merely a month.
#bitcoin #Web3 #XRPAdventure #ETH
$XRP is currently attempting to breach the significant trend line on the weekly timeframe. If it successfully breaks to the upside, we could witness a bullish rally of 100-150%. 📈📈
#XRPAdventure USDT #XRP🚀 #cryptoonline #USDT #Binance $XLM $SOL
@BreakOut_Expert
#XRPAdventure USDT #XRP🚀 #cryptoonline #USDT #Binance $XLM $SOL
@BreakOut_Expert
🚀 Exciting News for Traders on Binance! 🌐
Calling all Binancians! 📣 To elevate your trading journey, Binance is thrilled to announce the launch of XRPUSDT Options on Binance Options RFQ on 2024-03-11 at 08:00 (UTC). 🚀
Key Points:
✨ Explore a broader range of trading choices.
✨ Enhance your trading experience with XRPUSDT Options.
✨ European-style options contracts for added flexibility.
Check out Binance Options Contract Specifications for in-depth details. 📈 Don't miss out on this opportunity to navigate the crypto market with precision and ease.
🌐 Experience the future of trading with Binance Options RFQ! 🚀
About Binance Options RFQ:
📈 Unlock the power of Binance Options RFQ, allowing you to submit a Request for Quote (RFQ) for options trades directly with the Binance OTC Trading Desk. Enjoy institutional-grade liquidity, execute large-sized options trades over-the-counter at more competitive prices, and best of all—zero fees! 💰
Seize the moment, explore Binance Options RFQ now! 🚀 #BinanceOptionsRFQ #XRP/USDT🔥🔥 #TrendingTopic #XRPAdventure
Calling all Binancians! 📣 To elevate your trading journey, Binance is thrilled to announce the launch of XRPUSDT Options on Binance Options RFQ on 2024-03-11 at 08:00 (UTC). 🚀
Key Points:
✨ Explore a broader range of trading choices.
✨ Enhance your trading experience with XRPUSDT Options.
✨ European-style options contracts for added flexibility.
Check out Binance Options Contract Specifications for in-depth details. 📈 Don't miss out on this opportunity to navigate the crypto market with precision and ease.
🌐 Experience the future of trading with Binance Options RFQ! 🚀
About Binance Options RFQ:
📈 Unlock the power of Binance Options RFQ, allowing you to submit a Request for Quote (RFQ) for options trades directly with the Binance OTC Trading Desk. Enjoy institutional-grade liquidity, execute large-sized options trades over-the-counter at more competitive prices, and best of all—zero fees! 💰
Seize the moment, explore Binance Options RFQ now! 🚀 #BinanceOptionsRFQ #XRP/USDT🔥🔥 #TrendingTopic #XRPAdventure
**The Verdict: Proceed with Caution**
#XRP has the potential to be a game-changer in cross-border payments. Its speed and cost-efficiency are undeniable. However, the legal cloud and the presence of competitors make it a riskier proposition than some other cryptos.
Here's my two cents:
Keep a close eye on the SEC lawsuit. A positive resolution could be a major boon for #XRP.
Diversify your portfolio. Don't put all your eggs in the XRP basket.
Consider XRP's long-term potential. If Ripple can overcome its hurdles, XRP could be a solid investment.
Remember, this is not financial advice. Do your own research before making any investment decisions. But with this analysis as a starting point, you're well on your way to making informed choices about XRP's place in your crypto portfolio.
#XRP/USDT🔥🔥 #XRPAdventure $XRP
#XRP has the potential to be a game-changer in cross-border payments. Its speed and cost-efficiency are undeniable. However, the legal cloud and the presence of competitors make it a riskier proposition than some other cryptos.
Here's my two cents:
Keep a close eye on the SEC lawsuit. A positive resolution could be a major boon for #XRP.
Diversify your portfolio. Don't put all your eggs in the XRP basket.
Consider XRP's long-term potential. If Ripple can overcome its hurdles, XRP could be a solid investment.
Remember, this is not financial advice. Do your own research before making any investment decisions. But with this analysis as a starting point, you're well on your way to making informed choices about XRP's place in your crypto portfolio.
#XRP/USDT🔥🔥 #XRPAdventure $XRP
btc update one side analysis: We are inside the range of 65.5k to 69k range..
As told it's time to accumulate alts as opportunity 1 ..
Next opportunity after halving
Range bound long can be played in btc between the ranges .. . .
big breakout can be confirmed above 69.3k level for a ride to 73k +
as long as 65.3 above in btc we are safe in btc for upside move
#bitcoin #SEC #ETHFI #XRPAdventure
As told it's time to accumulate alts as opportunity 1 ..
Next opportunity after halving
Range bound long can be played in btc between the ranges .. . .
big breakout can be confirmed above 69.3k level for a ride to 73k +
as long as 65.3 above in btc we are safe in btc for upside move
#bitcoin #SEC #ETHFI #XRPAdventure
2024 As SEC Plans No Appeal On XRP’s Status Ruling
XRP price to hit ATH in 2024, as pro-XRP lawyer offers optimistic forecasts amid legal clarity, market sentiment, and Bitcoin's influence.
#XRP" #XRP/USDT🔥🔥 #XRPAdventure #XRP✈️ #XRP/BTC
XRP price to hit ATH in 2024, as pro-XRP lawyer offers optimistic forecasts amid legal clarity, market sentiment, and Bitcoin's influence.
#XRP" #XRP/USDT🔥🔥 #XRPAdventure #XRP✈️ #XRP/BTC
AI PREDICTION ABOUT XRP (RIPPLE)
The predictions for XRP (Ripple) are quite varied, with different sources providing different forecasts. Here’s a summary of what some sources are saying:
CoinCodex predicts that the price of XRP could rise by 23.40% and reach $0.787880 by March 20, 2024. They also provide a long-term forecast, suggesting that XRP could reach as high as $1.756807 in 2025 and potentially gain 255.92% by 20301.
Forbes Advisor Australia discusses XRP’s potential and its role in the crypto market but does not provide specific price predictions2.
CoinGape suggests that the average XRP price could be around $3.49 by the end of 20283.
TradingBeasts forecasts that XRP could reach $0.8698947 by the beginning of April 20244.
RippleCoinNews estimates that XRP could be worth a maximum of $0.9653 by the end of 20245.
Please note that these predictions are based on various analyses and should not be taken as financial advice. The cryptocurrency market is highly volatile, and prices can fluctuate greatly. It’s always recommended to do your own research and consult with a financial advisor before making any investment decisions.
#XRP/USDT🔥🔥 #HotTrends #XRP✈️ #XRP/BTC #XRPAdventure
CoinCodex predicts that the price of XRP could rise by 23.40% and reach $0.787880 by March 20, 2024. They also provide a long-term forecast, suggesting that XRP could reach as high as $1.756807 in 2025 and potentially gain 255.92% by 20301.
Forbes Advisor Australia discusses XRP’s potential and its role in the crypto market but does not provide specific price predictions2.
CoinGape suggests that the average XRP price could be around $3.49 by the end of 20283.
TradingBeasts forecasts that XRP could reach $0.8698947 by the beginning of April 20244.
RippleCoinNews estimates that XRP could be worth a maximum of $0.9653 by the end of 20245.
Please note that these predictions are based on various analyses and should not be taken as financial advice. The cryptocurrency market is highly volatile, and prices can fluctuate greatly. It’s always recommended to do your own research and consult with a financial advisor before making any investment decisions.
#XRP/USDT🔥🔥 #HotTrends #XRP✈️ #XRP/BTC #XRPAdventure
XRP Surging: Ripple's #XRP ($XRP ) is on a roll, jumping 3.21% to $0.58737095. XRP army, sound off! 📢🚀
#xrp #XRP/USDT🔥🔥: #XRPAdventure
#xrp #XRP/USDT🔥🔥: #XRPAdventure
