Ripple, the company behind the XRP Ledger development, will unlock 1 billion XRP tokens on April 1, worth $628.5 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks.
Historically, Ripple has been unlocking 1 billion tokens through escrows, finalized on the first day of every month since 2017. April will mark the start of a new epoch for XRP’s inflation, using different accounts from the past few years.
So far, the company has been using ‘Ripple (22)’ and ‘Ripple (23),’ according to XRPScan, as reported in March’s unlock.

Now, ‘Ripple (10)’ will unlock 100 million and 400 million XRP, while ‘Ripple (11)’ will do two unlocks of 200 million and 300 million tokens.

Assets summary and escrows for Ripple (10) and Ripple (11). Source: XRPScan
What happened after Ripple’s XRP token unlock in March
The escrow system unlocked 1 billion XRP on March 1, from ‘Ripple (22)’ and ‘Ripple (23)’ accounts. Later, Ripple reserved 200 million tokens for March’s sell-off and re-locked the rest in escrows for July and August 2027.

Monthly Ripple (XRP) unlock – March, 2024. Source: Finbold
However, the company spent 240 million XRP from its treasury account, ‘Ripple (1),’ in March, using old reserves. The sell-offs occurred in two batches, all sent to the same address, ‘rP4X2…Kxv3’.
As developed, Ripple sent the 200 million XRP to its reserves on March 1. Further, the payment protocol made one transaction of 100 million tokens on March 5 and one of 140 million XRP on March 13.

Ripple (1) account summary and transactions. Source: XRPScan
XRP price analysis amid sell-offs
It is notable how Ripple’s previous sell-offs could have impacted the XRP price. Finbold placed each of the company’s selling activities year-to-date on XRP’s daily chart.
Interestingly, only two out of eight days had a slightly positive price action. Yet, even these ‘green’ days were made of shy gains, while the negative ones were more impactful.

XRP/USD daily chart with Ripple sell-offs year-to-date. Source: TradingView (Finbold)
As of writing, XRP trades at $0.6285 while maintaining a range above the $0.60 support and below the $0.65 resistance. Therefore, investors should closely monitor Ripple’s selling activities in April after unlocking more than $628.5 million worth of tokens.

1. Never believe anyone's price predictions.
2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of bitcoin is not gambling, but to end modern day slavery (fiat currency).
3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight.
4. Don't "trade some altcoins on the side to get more bitcoin". You are not that smart, and the overwhelming probability is that you will get wrecked.
5. DCA into bitcoin. Ignore your emotions. Don't try to time the market. Just stack what you can every paycheck.
6. Don't be too excited about bitcoin; people will feel like you're scamming them even though you're just trying help.
7. Go to meetups & conferences. Don't be isolated. Bitcoiners are generally very awesome people.
8. When people ask you about how to buy bitcoin, send them to a BITCOIN-ONLY company. Example for why: My cousin bought bitcoin (on Coinbase) during the bull market, then sold it for shiba on the same platform and now she pretty much lost everything. Bitcoin-only companies are the safest option to keep newbies from doing newbie things.
9. Be on #bitcoin    twitter and nostr. Obviously if you're reading this, you're already here...but I didn't get on twitter until 2020 and can tell you that it's a lot less lonely hodling bitcoin when you see a bunch of other people on this platform experiencing the same things you are.
10. Be skeptical of influencers. Even me (I'm not a huge account, but still). Some are good, some are bad. Even if they have good intentions, their judgement can be clouded by bad incentives.
11. Stop trying to convince everyone you know that bitcoin will make everything better (even though it will). Instead, be a good resource for the people who eventually reach out to you about it. Be known as "the bitcoin guy" and let people come to you when they're ready. Have good content prepared for them to read/watch when they do.
That is all. It's been a great ride so far and I'm happy to know you guys.
#bitcoin #dyor #crypto2023

Bitcoin of Ai:
AstropepeX stands as the singular project worthy of the title "Bitcoin of AI," surpassing traditional AI-driven tokens. By embracing decentralization and relinquishing control, it echoes Bitcoin's ethos, embodying a future where AI reshapes finance autonomously and impartially.

AI-Powered and Decentralized:
$APX goes  beyond just being AI-created. It champions decentralization by giving 
up control of the contract and eliminating liquidity tokens. This ensures that no single entity can manipulate the token's fate, fostering a fair and distributed system, much like the one envisioned by 
Bitcoin's creators.
A Pioneering Force in Blockchain Technology:

$APX builds upon the decentralized foundation laid by Bitcoin but takes it a step further by removing human intervention entirely. This paves the way for a future where AI not only manages financial systems but also plays a 
vital role in their creation. $APX represents
 more than just a token; it signifies autonomous innovation and the 
potential of AI and blockchain working together to achieve unbiased 
control and widespread distribution.
The Bitcoin of AI:
The unparalleled level of autonomy achieved by $APX serves as a tribute to Bitcoin's core tenet of decentralization. It is a groundbreaking token born in an era where technology is surpassing human imagination.
In Conclusion:
AstroPepeX is a groundbreaking project that redefines how AI integrates into the cryptocurrency landscape. It paves the way for a future brimming with innovation and showcases the immense potential of intelligent automation in shaping the future of blockchain technology. $APX is a forerunner in decentralized finance, embodying the spirit of the "Bitcoin of AI.”

Socials: 
WEB: astropepe.io 
Tg: @apxeth
DISCORDdiscord.gg/uVSdDdF9Dg
APP: aiis.dev
CMC:coinmarketcap.com/currencies/astropepex/
CG: coingecko.com/en/coins/astropepex

FOMO FOX is primarily known as a meme coin and stands out in the market with its strong and unique features. Therefore, it's no surprise that this meme coin has the potential for rapid growth.

Fundamentally, FOMO FOX seeks to position itself even above Bonk coin by combining attractive hunting-themed staking rewards, a strong community focus, and unique aesthetics.

By purchasing FOMO tokens, investors can participate in future staking for rewards and engage in meme culture. Through this, investors can not only quickly profit from their assets but also contribute to community growth and generate interest in projects associated with FOMO tokens.

Several factors distinguish FOMO FOX, including its initial low market value, indicating significant growth potential. Additionally, it emerges as a potential frontrunner in bringing the fox meme coin trend from less popular dog meme coins.

FOMO FOX (FOMO) token’s presale has recently begun, attracting attention among cryptocurrency investors. Inspired by the clever Tibetan sand fox character, FOMO is causing a stir in the cryptocurrency community, aiming to make a significant impact on the market with its extensive global marketing campaign. The excitement is expected to grow over time, making it a project that investors want to join quickly.

Presale and Community Building: Emphasis is placed on presale participation and community activation. Exchange Debut: The second phase involves listing tokens on exchanges, with strong marketing efforts supported, including CEX exchanges. Ecosystem Expansion/Staking: The third phase aims to provide staking pools and attractive rewards for investors, securing dominance in the meme coin sector. Additionally, a Genesis pool, offering the highest rewards for NFT staking, is planned.

Conclusion: FOMO FOX (FOMO) is emerging as a highly unique project garnering significant attention in the cryptocurrency community. It has the potential to establish a substantial foundation in the meme coin se strongly recommend checking out the presale and actively engaging with the project's social channels for detailed information.

Click here to Buy FOMO Token ($FOMO):
Web: fomofox.meme/
Twitter: x.com/fomofox_meme
Tg: @fomofox_portal

DOGEGROK is a novel cryptocurrency that leverages community support instead of relying on external market factors. This approach focuses on enhancing community engagement and maintaining clear communication with its investors.

Rug-Pull Prevention Measures
To ensure the security of its stakeholders' investments, DOGEGROK incorporates strategies like liquidity provider (LP) locking and owner renunciation, significantly reducing the risk of fraudulent activities commonly known as "rug pulls".

Technical Specifications
Blockchain Infrastructure

Network: DOGEGROK operates on the Binance Smart Chain (BNB), known for its high efficiency and scalability. This makes it an excellent platform for decentralized applications and supporting fast, cost-effective transactions.
Consensus Mechanism: The network uses Proof of Staked Authority (PoSA), blending Proof of Stake (PoS) and Proof of Authority (PoA) to provide an optimal balance of security and efficiency.
Smart Contract Details

Development Platform: The DOGEGROK smart contract was developed through PINKSALE, a platform celebrated for its secure and functional smart contract solutions.
Owner Renunciation: The ownership of the contract was renounced at launch, promoting a decentralized governance structure and ensuring no single party can alter the core functionalities of the contract.
Audit: The smart contract has undergone an audit by ANALYTIX AUDIT, verifying its compliance with the highest standards of security and operational integrity.
Liquidity Management
Liquidity Policies

LP Locking: To stabilize the market and protect against potential manipulations, the liquidity is locked for a period of 365 days.
Liquidity Pools: DOGEGROK has established liquidity pools across various decentralized exchanges on the BNB Smart Chain to enhance liquidity and facilitate easier transactions.
Application in Online Marketplaces
Challenges in Traditional Payment Systems
In traditional online commerce systems, merchants and consumers often face issues like high transaction fees, slow processing times, and security vulnerabilities.

DOGEGROK's Innovative Solution
DOGEGROK addresses these challenges by offering rapid transaction processing, lower fees, and robust security measures, making it an ideal payment solution for online marketplaces.

Real-World Use Case: Online Art Marketplaces
Enhanced Transaction Process
Artists and art enthusiasts can benefit from DOGEGROK’s low-cost, swift transactions, allowing for a more efficient marketplace operation without the hassles of traditional currency exchange.

Global Market Accessibility
By using DOGEGROK, online art marketplaces can tap into a global customer base, facilitating smoother international transactions and providing artists with quicker access to compensation.

Vision for the Future
Empowerment through Innovation
DOGEGROK is not just a cryptocurrency; it’s a movement towards creating a more inclusive financial ecosystem that empowers small businesses and individual entrepreneurs worldwide.

Conclusion
Impact of DOGEGROK on E-Commerce
DOGEGROK aims to revolutionize the online transaction space by reducing costs, enhancing security, and speeding up the payment process, thus setting a new standard for the future of digital commerce.

TOKENOMICS
Token Distribution

Total Supply: 420 quadrillion tokens.
Allocation: 95% to pre-sale and liquidity, with the remaining 5% designated for listings on centralized exchanges (CEX).
Security and Transparency

Auditing: The token’s architecture has been audited to ensure there are no hidden malicious functions, guaranteeing that the ecosystem operates securely and transparently.
X: doge_grok
Tg: dogegrokhome

Shiba Inu (SHIB), a digital assets and solutions network on the Ethereum (ETH) blockchain, has secured a $12 million investment from a consortium of international venture capital partners.
Among the backers are big names like Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures, Stake Capital, Illuminati Digital Capital, Primal Capital, Comma 3 Ventures, DWF Ventures, and Spirit Dao.
Shiba Inu’s new blockchain
This investment round comes through the purchase of TREAT, Shiba’s upcoming utility and governance token, marking the final non-stable token release for the network. 

TREAT will be native to Shina Inu’s newly announced blockchain, which integrates Fully Homomorphic Encryption (FHE) technology in partnership with Zama.ai. 
This encryption is poised to address various challenges in the crypto space, particularly in regard to privacy and trust for tens of millions of users on the SHIB network.
Shytoshi Kusama, the Lead Developer of Shiba Inu, expressed gratitude towards the community, stating 
“Shiba Inu started from the vision of our founder Ryoshi and we’ve been so thankful to the community. Together, we have changed the face of crypto as we’ve worked towards that vision. We’ve crushed expectations by creating a full-fledged ecosystem with a core technology stack that no one else has, alongside community, games, AI, metaverse, DeFi, self-sovereign identity, and encryption. We are excited to gain the support of such powerful VCs, angel investors, and brands as we plow towards the completion of this grand decentralized experiment.” 
He added:
“Through the involvement of these venture capital firms and their strategic partners, we are expanding not only our network of trusted partners, but also exponentially increasing what Shiba Inu can truly be capable of for our community, The ShibArmy.” 
Establishing Shibarium as a global meme hub
The funding, facilitated through The Shiba Inu Mint S.A., a Panama-based corporation, will fuel the development of Shiba Inu’s new blockchain to help establish Shibarium as a leading meme hub and bolster security. 
Further, Shiba Inu is dedicated to advancing its solutions while ensuring their widespread adoption and applicability, evident in partnerships such as securing a .shib top-level domain with D3 and forging philanthropic collaborations. 
Additionally, the project is joining organizations like CDSA (Content Delivery & Security Association), demonstrating its commitment to security and integrity in the media and entertainment sectors.

In the morning of Monday, April 22, Dennis Porter, the CEO, and co-founder of the Satoshi Action Fund, caused a stir on X as he shared a supposed letter sent by Senator Elizabeth Warren to President Biden.
The letter detailed a proposed piece of legislation titled the ‘Cryptocurrency Reporting and Wealth Tax Act’ and urged its implementation.
In the document, Senator Warren highlighted that digital assets present both opportunities and challenges but focused on the problems of taxing digital assets and enforcing existent rules in the crypto market.

As a result, the proposed act would introduce requirements for any individual or entity holding more than $1,000 worth of Bitcoin (BTC) or other cryptocurrency to the Internal Revenue Service (IRS).
As part of the goal of the proposed legislation is to tackle wealth inequality in the U.S., the bill would also entail a wealth tax on crypto assets. 
The wealth tax would, however, apply only to individuals and entities that hold more than $500,000 worth of Bitcoin or any other cryptocurrency and would amount to 1% of their value. 
There was one issue, however, and an issue Porter himself quickly caught onto – the entire thing was fake.
Still, much like the CEO of the crypto advocacy group initially stated his organization would vehemently oppose any such law, in the correction post, he said that ‘the sad part is that it is beyond believable that she would make these types of policy suggestions.’

Is a punitive crypto tax coming?
While the ‘Cryptocurrency Reporting and Wealth Tax Act’ is, at this stage, a hoax, a similar piece of legislation might be closer than many would like. Indeed, in recent years – particularly after the catastrophes of Terraform Labs’ and FTX’s collapses – regulators have generally been hawkish, and the IRS is keen to tax cryptocurrencies more efficiently.
For example, there has been significant chatter late in 2023 over Warren’s ‘crypto crackdown’ bill, though she isn’t the only official attempting to place digital assets under increased scrutiny.
Money laundering and terror financing have been of particular interest to the U.S. Treasury while US Senators Cynthia Lummis and Kirsten Gillibrand have introduced the Lummis-Gillibrand ‘Payment Stablecoin Act,’ with the aim of regulating stablecoins more tightly.
Despite all of this, along with the misspelling of Warren’s name on the hoax letter, what betrays it the most is the wealth tax section, which, while its worst – or best – part depending whom you ask, is extremely unlikely to be proposed in the U.S. and even less likely to pass given the can of worms it would open.
Additionally, despite the efforts to crack down against the crypto market at the federal level, most of the proposal have so far led nowhere in stark contrast to pro-crypto state level legislation – frequently backed by Porter’s own Satoshi Action Fund – with the most recent example coming in the form of a landslide victory in Louisiana.

On April 20, Bitcoin (BTC) completed its fourth halving, reducing the rewards given to miners for processing transactions and securing the network by half.
Now that the event is over, attention is on the next halving date in four years and its possible impact on the general crypto market. 
As a recap, the first halvings occurred on November 28, 2012, followed by the second on July 9, 2016, the third on May 11, 2020, and the fourth on April 20, 2024. Each halving reduced the block reward from 50 BTC to 25 BTC, then to 12.5 BTC, to 6.25 BTC, and now to 3.125 BTC.

Next Bitcoin halving date 
Looking ahead, the next halving is projected to take place in 2028. While the Bitcoin halving event occurs approximately every four years, the exact timing of each halving is subject to the interplay of key factors within the Bitcoin network. 
Notably, the halving date is influenced by block intervals, block time variability, mining difficulty adjustments, network hash rate fluctuations, and network consensus.
Meanwhile, according to the Binance tracker, the next halving is approximately 1,472 days away, while Coinwarz places it at 1,419 days away. 

Bitcoin halving countdown. Source: Binance
The Bitbo tracker offers a specific date, estimating March 26, 2028, as the day of the next halving, roughly 1,434 days from the reporting time. Based on the estimates provided by the trackers, the next Bitcoin halving is 1,441 days on average away. 

Bitcoin halving countdown. Source: Bitbo
What happens to Bitcoin price after halving
The completion of the fourth Bitcoin halving in April 2024 marked another milestone in Bitcoin’s journey toward its maximum supply of 21 million coins. With each halving, the rate of supply issuance decreases, eventually limiting the number of Bitcoins in existence.
The significance of the next halving also extends beyond its impact on supply dynamics. Historically, halving events is associated with market volatility and speculative activity. 
Furthermore, the 2028 halving brings attention to Bitcoin’s unique monetary policy, characterized by its deflationary nature. As the reward for mining new blocks decreases over time, scarcity becomes increasingly pronounced, potentially reinforcing Bitcoin’s status as a potential store of value similar to digital gold.
Consequently, monitoring how miners react to the 2028 halving will be intriguing. A primary concern with each halving event has been the potential reduction in miner rewards to a level that could render Bitcoin mining unprofitable in the long run.
Bitcoin halving theory 
In the meantime, with Bitcoin’s recent deviations from historical trends of reaching new all-time highs after halving, analysts are speculating how the market might react in 2028. It will be interesting to see if Bitcoin will reach another record before the next halving. 
At the same time, analysts have noted that Bitcoin shattering halving theory in 2024 might influence the price trajectory. 
#bitcoinhalving

For crypto gaming enthusiasts and gem hunters alike, Book of Games emerges as an upcoming promising project on Solana. It introduces a groundbreaking fusion where GameFi meets GambleFi, crafting a dynamic and immersive gaming experience like no other.

What is Book of Games?
Book of Games is all about blending the best of GameFi and GambleFi. Imagine diving into thrilling PvP battles, snagging epic rewards, and even trying your luck with an on-chain lottery—all in one platform. Sounds exciting, right?

Vision
Book of Games aims to create a vibrant virtual gaming arena that's accessible, fun, and rewarding for everyone. It is not just another gaming platform; it is a community where crypto gamers can connect, compete, and share in the excitement of cutting-edge blockchain gaming.

Features
PvP Games: Challenge your fam and friends in classics like Pool, Chess, and many other PvP games.
On-Chain Lottery: Feeling lucky? Grab a ticket with $SOL and aim for a chance to win big prizes.
Stats Bot: Stay in the loop with real-time game stats via Book of Games' Telegram Bot.

Sustainability
With a solid roadmap and a focus on community engagement, Book of Games is committed to growing and evolving with its players. Plus, its secure smart contracts mean you can game with peace of mind.

Partner Program
Book of Games is partnering with other GameFi projects to offer a  wide range of gaming options for its players. Keep an eye out for updates as our gaming arena continues to grow!

Be an Early Bird - Presale soon!
$BOGA isn't just another GameFi token. It's your ticket to early access, exclusive rewards, and being part of a gaming revolution. As the first project to fuse GameFi and GambleFi, $BOGA is setting the stage for what's next in blockchain gaming.

Don't miss out on being an early bird in this game-changing adventure. Join Book of Games' social channels to stay updated on all important announcements, especially regarding its upcoming presale on Pinksale launchpad.

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TG: @bookofgames_sol
X: x.com/bookofgamessol

Following the completion of the 2024 Bitcoin (BTC) halving, the focus has turned to the asset’s price trajectory, which has exhibited volatility in the short term. 
Before the halving event, Bitcoin aimed to maintain stability above the $65,000 mark. However, the leading cryptocurrency has faltered in retaining this position, with its price now facing the looming threat of dipping below. 
Amidst uncertainty, several crypto analysts have offered insights into what to anticipate regarding Bitcoin’s valuation post-halving.

Particularly, in an X (formerly Twitter) post on April 20, analysis by Rekt Capital suggested a pattern identified as the ‘post-halving re-accumulation range’ which typically follows the “Bitcoin pre-halving retrace.”
According to the analysis, this pre-halving period sets the stage for the next cycle in Bitcoin’s halving journey, with the bottom of this retrace serving as the base for re-accumulation. According to Rekt Capital, this consolidation phase prepares for a potential breakout into a parabolic upside.

Bitcoin price analysis chart. Source: TradingView/Rekt Capital
“When the Pre-Halving Retrace bottoms, that bottom acts as the base of the Re-Accumulation (i.e. Range Low). When this Range Low is established, a bout of consolidation begins in preparation for a future breakout into Parabolic Upside,” the analyst said. 
Bitcoin’s price bottom
Adding to the optimism is an analyst with the pseudonym El_crypto_prof, who indicated that Bitcoin may have found its bottom, suggesting a potential turnaround in its price trajectory. 
Notably, the expert highlighted the significance of reclaiming certain technical levels before the halving, a pattern observed in previous market cycles that has often preceded significant upward movements.

Bitcoin price analysis chart. Source: TradingView/El_crypto_prof
Overall, Bitcoin continues to endure bearish sentiments, with various market indicators indicating sustained losses for the cryptocurrency. For instance, according to a report by Finbold, Bitcoin’s average transaction fees surpassed the $100 mark for the first time on April 20, post-halving, suggesting a potential sell-off.
Uncertainty is further heightened, considering Bitcoin reached its record high before the halving event, diverging from historical trends. Consequently, it remains challenging to determine if Bitcoin will experience further upward momentum, though the potential for increased volatility persists.
Bitcoin price analysis
By press time, Bitcoin had retraced after briefly touching the $64,000 level. It is currently trading at $63,865, marking a plunge of over 5% in the past seven days.

Bitcoin seven-day price chart. Source: Finbold
At the same time, Bitcoin’s one-day technical analysis, sourced from TradingView on April 20, indicates bearish sentiments. A summary of indicators, moving averages, and oscillators align with a sell sentiment, registering at 11 and 2, respectively.

Bitcoin technical analysis. Source: TradingView
While these analyses provide insight into potential future movements, unforeseen events such as escalating geopolitical tensions can quickly alter price trajectories. 
#bitcoinhalving

Although many assets in the cryptocurrency sector have resumed their bullish run from the previous weeks, Dogecoin (DOGE) still seems to be waiting for its turn. Despite the growing transaction volume indicating heightened activity, the meme-inspired cryptocurrency faces downward price pressure.
Dogecoin has found utility in various sectors, including payments, and its association with Tesla (NASDAQ: TSLA) CEO Elon Musk suggests potential additional use cases. The large-cap meme coin, with a fully diluted valuation (FDV) of about $28 billion, has about 7 million on-chain holders.
Even with significant user engagement and substantial market presence, AI-based forecasts suggest a bearish outlook for Dogecoin in the coming weeks

AI predictions and market sentiments

Dogecoin price prediction 1-month chart. Source: CoinCodex

Despite overall bullish market conditions, AI algorithms predict a bearish future for Dogecoin’s short-term prospects.CoinCodex forecasts a 10.18% decrease in Dogecoin’s price to $0.136776 by May 20, 2024, influenced by bearish market sentiment and a ‘Greed’ index of 66. 
Over the past month, the analysis notes a 50% rate of green days and an 11.29% volatility rate, highlighting the instability in Dogecoin’s market behavior.
Challenges from emerging competitors
Recent trends suggest a shift in the meme coin landscape. The rise of Toncoin (TON) and its integration with the Telegram platform pose direct challenges to Dogecoin’s dominance. 
On-chain data from Santiment shows significant selling from wallets holding between 10 million and 100 million DOGE, totaling over 300 million units. Meanwhile, short-term holders have amassed 13% of the total supply, raising the risk of market sell-offs.
Even with the bearish outlook from some AI predictions, other market analysts identify potential bullish signals. A notable bull flag pattern on Dogecoin’s daily chart suggests the possibility of an impending rally, says Crypto analyst Trader Tardigrade. 

Dogecoin may potentially recover soon and continue its ascent towards $1 by year’s end. However, given the inherent volatility of the cryptocurrency market, conditions can change rapidly. It is crucial for investors to perform comprehensive research and consider all factors before making any investment decisions.

The XRP community continues to await a possible price breakout, potentially reclaiming the $1 mark after years of extended consolidation. This comes as the token’s parent company, Ripple, remains embroiled in a legal battle with the Securities and Exchange Commission (SEC).
However, crypto analyst Egrag Crypto believes historical price movements suggest that XRP might be on the verge of explosive price action, potentially driving the value above $1.
In an X (formerly Twitter) post on April 20, the analysis suggested that XRP’s dominance rests on a historical support line around the $0.50 zone, drawing parallels to patterns observed in 2017 and 2021.

XRP price analysis chart. Source: TradingView/Egrag Crypto
According to the expert, the support line could provide the basis for XRP to break out, noting that the token has built a reputation for recording rapid and powerful price surges from such positions.
XRP’s areas to watch 
If this scenario unfolds, the analyst identified potential targets for XRP’s price movement, pinpointing Fibonacci levels between $1.2 and $1.6 as critical areas of interest. These levels serve as crucial indicators for traders and investors, signaling potential price targets and resistance levels.
“Historically, XRP has exhibited rapid and powerful pumps. Could we witness a similar move soon? Potential targets begin at Fib levels 1.272, 1.414, and 1.618,” the analyst said. 
For XRP to realize the projected valuation, the token must sustain its price above the psychological $0.50 level, which currently serves as a critical support point. This level could also help the token breakout of consolidation above the $0.70 mark.
Meanwhile, the SEC case weighs on determining XRP’s next move. The case is approaching a potential conclusion, with the SEC urging a New York judge to impose a hefty, nearly $2 billion fine against Ripple Labs.
Beyond the case, XRP could also find support from Ripple Labs’ potential stablecoin launch. It’s worth noting that Ripple intends to unveil its stablecoin, which entails a 1:1 peg with the US dollar and is backed 100% by US dollar deposits, short-term government treasuries, and other cash equivalents.
XRP price analysis
By press time, XRP was trading at $0.52218, ranking among the biggest gainers in the crypto market in the last 24 hours with a rise of 4%. However, on the weekly chart, XRP is down 1.6%.

XRP seven-day price chart. Source: Finbold
Overall, the short-term price movement could indicate that XRP’s movement suggests a successful bullish breakout, likely to transition into a sustained rally. However, sustainability largely depends on how the general market moves.