GOP presidential candidate Donald Trump declares he would ke | The Crypto Basic on Binance Square

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The Crypto Basic

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GOP presidential candidate Donald Trump declares he would keep Senator Warren away from the crypto sector and the holdings of American investors.  

#Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" 

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Ripple CTO David Schwartz recently shared insights on how many meme coins on the #XRP Ledger (XRPL) are directly impacted by XRP’s price fluctuations. In a post on X, Schwartz explained that the majority of these tokens rely on automated market maker (AMM) liquidity pools that maintain a fixed exchange rate with XRP. This causes their prices to move in tandem with XRP’s dollar value. Notable examples of XRPL meme coins include “XRP ARMY,” which has achieved a market cap of $26.1 million with a liquidity pool of $2.09 million. How XRPL Meme Coins Move with XRP XRPL meme coins frequently see price changes that match XRP’s own price action, in contrast to other ecosystems where meme coins might swing drastically depending on excitement or speculative trade. According to Ripple’s CTO, this is because their liquidity pools are set up inside AMMs that employ XRP at a fixed exchange rate. For instance, if the price of XRP rises by 5% in US dollars, the meme coin will likewise rise by 5%, provided no other price movement occurs. Because the AMM keeps the XRP-to-memecoin ratio constant, any external changes in XRP are immediately reflected in the valuation of the associated asset, causing this automated adjustment. Independent Price Action and Profit Taking Despite this connection, meme coins on XRPL are not totally reliant on the price of XRP. Their value can be affected independently by external news, whale movements, and community buzz. Even if XRP holders decide to keep their investments, a rise in the meme coin’s price could result in profit-taking. Because of this dynamic, traders who own XRPL meme coins are subject to two major price drivers: Price changes for XRP: Any increase or decrease in XRP’s dollar value directly impacts the meme coin’s price because its liquidity is tied to an AMM pairing with XRP.Memecoin-specific factors: Independent events like community hype, whale activity, and market sentiment can drive the memecoin’s price up or down, regardless of XRP’s movements. #cryptonewstoday

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#Bitcoin hits $95k and nears a potential trendline breakout for a surge towards the overhead resistance $106k. Is a rally to a new all-time high inevitable? With U.S. President Donald Trump announcing a U.S. strategic crypto reserve, the crypto market is on a booming rally. Bitcoin surged 9.5% yesterday to bounce from $86,000 to $95,000. Currently, with an intraday pullback of 1.60%, Bitcoin is trading at a market value of $92,760. Challenging the local resistance trendline, the bullish recovery in Bitcoin is aiming for a breakout rally. Will this breakout rally drive Bitcoin prices to $127,000? Bitcoin Recovery Eyes Trendline Breakout Rally The BTC price action showcases a bullish comeback from the 61.80% Fibonacci level with multiple lower price rejections. Bouncing off from the 7-day low at $78,197, the lower price rejection propelled Bitcoin for a V-shaped recovery. With the news-based rally, Bitcoin has now reclaimed the $90,000 level, surpassing the 78.60% Fibonacci level at $91,780. Bitcoin is now aiming for a trendline breakout. Furthermore, the bullish reversal has brought Bitcoin back within the consolidation range, with the overhead ceiling at $106,184. The intraday pullback reveals a bullish struggle near the resistance trendline. However, the Chaikin Money Flow Index has bounced off into the positive territory, standing at 0.13. Furthermore, the super trend indicator has turned bullish with the overnight surge. #cryptonewstoday

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