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🤖 AI sets XRP price for June 30, 2024
Although the majority of assets in the cryptocurrency market have recorded modest growth or at least consolidation of their previous gains in recent weeks, XRP (XRP) has been stuck in a relentlessly negative price trend, and machine learning and artificial intelligence (AI) algorithms are not optimistic.
As it happens, the price of XRP has declined over 15% since the year’s turn, as well as recording continuous declines in past days and weeks, and only recently managing to slightly turn the tide and start the day in the green price zone in what seems to be a late reaction to the rest of the market’s moves.
🔸 XRP/Ripple price prediction
Meanwhile, in terms of its future price action, the advanced machine learning algorithm over at the crypto analytics and forecasting platform PricePredictions has projected that XRP would continue to drop, hitting the price of $0.448403 on June 30, 2024, according to the data obtained on June 4.
Indeed, should the algorithm’s predictions, which draw upon technical analysis (TA) indicators like relative strength index (RSI), moving average convergence divergence (MACD), and others, come true, they would reflect a decline of 13.83% from XRP’s current situation.
🔸 XRP price analysis
At press time, XRP price stood at $0.52035, suggesting an increase of 0.10% on the day while dipping 1.51% across the past week and recording a loss of 1.59% in the last month.
So, why is XRP dropping? Notably, the reason behind XRP’s poor price action in recent days and weeks could be the bearish sentiment from the possibility of Ripple selling 400 million XRP in June, which would represent the largest drop in seven years and potentially shake XRP’s market dynamics.
Adding the current optimism regarding Ripple’s courtroom battle with the United States Securities and Exchange Commission (SEC) into the mix, the crypto industry analyst’s exceedingly bullish predictions regarding XRP’s market value in the next year could, indeed, come true.
$XRP #XRP
Although the majority of assets in the cryptocurrency market have recorded modest growth or at least consolidation of their previous gains in recent weeks, XRP (XRP) has been stuck in a relentlessly negative price trend, and machine learning and artificial intelligence (AI) algorithms are not optimistic.
As it happens, the price of XRP has declined over 15% since the year’s turn, as well as recording continuous declines in past days and weeks, and only recently managing to slightly turn the tide and start the day in the green price zone in what seems to be a late reaction to the rest of the market’s moves.
🔸 XRP/Ripple price prediction
Meanwhile, in terms of its future price action, the advanced machine learning algorithm over at the crypto analytics and forecasting platform PricePredictions has projected that XRP would continue to drop, hitting the price of $0.448403 on June 30, 2024, according to the data obtained on June 4.
Indeed, should the algorithm’s predictions, which draw upon technical analysis (TA) indicators like relative strength index (RSI), moving average convergence divergence (MACD), and others, come true, they would reflect a decline of 13.83% from XRP’s current situation.
🔸 XRP price analysis
At press time, XRP price stood at $0.52035, suggesting an increase of 0.10% on the day while dipping 1.51% across the past week and recording a loss of 1.59% in the last month.
So, why is XRP dropping? Notably, the reason behind XRP’s poor price action in recent days and weeks could be the bearish sentiment from the possibility of Ripple selling 400 million XRP in June, which would represent the largest drop in seven years and potentially shake XRP’s market dynamics.
Adding the current optimism regarding Ripple’s courtroom battle with the United States Securities and Exchange Commission (SEC) into the mix, the crypto industry analyst’s exceedingly bullish predictions regarding XRP’s market value in the next year could, indeed, come true.
$XRP #XRP
XRP Hits the Lowest Point in 2024. Here’s the Significance
XRP, a prominent player in the cryptocurrency market, has recently experienced a significant decline, reaching its lowest volatility level in 2024. This drop presents a double-edged sword for investors. While it signifies a bearish trend, it could also create an entry point for those who haven’t yet invested in XRP.
Analyzing the charts reveals a concerning pattern for XRP. The price has consistently fallen below crucial moving averages, including the 50-day, 100-day, and most importantly, the 200-day moving average.
This technical breakdown suggests a sustained downtrend, with the asset struggling to find support. The break below the 200-day moving average, often seen as a key long-term support level, is a particularly worrying sign.
Despite multiple bullish predictions and recent confidence from analysts, XRP is trading at $0.5174, down 0.51% over the past 24 hours and 2.65% over the past week. The recent price action also exhibits a descending triangle pattern, historically indicating a downward trend continuation.
Volume Slump Suggests Waning Investor Interest
Adding to the concerns, trading volume for XRP has also dropped. This decline suggests sellers are in control and there’s minimal buying pressure to reverse the price decline. The lack of investor interest in the asset has further amplified the bearish sentiment. However, there might be hope for XRP in the short term.
The relative strength index (RSI) for XRP currently sits near the oversold territory at around 44. This follows an RSI drop to the lowest point in XRP’s history. Historically, substantial price drops followed by periods of low volatility have paved the way for significant recoveries in the cryptocurrency market.
For XRP to experience a similar turnaround, it would depend on two key factors: a broader market upswing and positive news specific to XRP developments
Although the broader market is grappling with volatility and uncertainty, XRP is still showing some bullish signs, and these indicators could play a significant role when the market begins its recovery.
The impending conclusion to the XRP lawsuit presents a massive opportunity for favorable news. Ripple, XRP’s parent company, has been embroiled in a lawsuit with the U.S. Securities and Exchange Commission, and both parties are waiting for a final ruling from the judge.
The lawsuit is in the remedies phase, and a favorable ruling in the form of a small settlement could be the news XRP needs to recover from the current slump.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
Analyzing the charts reveals a concerning pattern for XRP. The price has consistently fallen below crucial moving averages, including the 50-day, 100-day, and most importantly, the 200-day moving average.
This technical breakdown suggests a sustained downtrend, with the asset struggling to find support. The break below the 200-day moving average, often seen as a key long-term support level, is a particularly worrying sign.
Despite multiple bullish predictions and recent confidence from analysts, XRP is trading at $0.5174, down 0.51% over the past 24 hours and 2.65% over the past week. The recent price action also exhibits a descending triangle pattern, historically indicating a downward trend continuation.
Volume Slump Suggests Waning Investor Interest
Adding to the concerns, trading volume for XRP has also dropped. This decline suggests sellers are in control and there’s minimal buying pressure to reverse the price decline. The lack of investor interest in the asset has further amplified the bearish sentiment. However, there might be hope for XRP in the short term.
The relative strength index (RSI) for XRP currently sits near the oversold territory at around 44. This follows an RSI drop to the lowest point in XRP’s history. Historically, substantial price drops followed by periods of low volatility have paved the way for significant recoveries in the cryptocurrency market.
For XRP to experience a similar turnaround, it would depend on two key factors: a broader market upswing and positive news specific to XRP developments
Although the broader market is grappling with volatility and uncertainty, XRP is still showing some bullish signs, and these indicators could play a significant role when the market begins its recovery.
The impending conclusion to the XRP lawsuit presents a massive opportunity for favorable news. Ripple, XRP’s parent company, has been embroiled in a lawsuit with the U.S. Securities and Exchange Commission, and both parties are waiting for a final ruling from the judge.
The lawsuit is in the remedies phase, and a favorable ruling in the form of a small settlement could be the news XRP needs to recover from the current slump.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
Analyst Spots XRP Cup-Handle Pattern On Weekly Chart, Sets Bullish Target
Technical indicators for XRP are suggesting a potential price surge soon. This confluence of bullish signals comes after the closing of the May candle, which Dark Defender (@DefendDark), a prominent crypto analyst, has shown to be within the framework of Elliott Wave Theory and chart patterns.
Elliott Wave Targets
Elliott Wave Theory is a technical analysis method that postulates that the price movement of an asset follows a specific five-wave pattern. Proponents of this theory use it to identify potential turning points in the market. According to analysts, XRP’s price action on the weekly chart appears to adhere to this Elliott Wave structure.
According to Dark Defender’s chart, XRP is currently in Wave 3, after exiting Wave 2 in late March.
The Cup and Handle Pattern
The analyst further highlights the formation of a bullish cup-and-handle pattern on the weekly XRP chart. This chart pattern is a well-recognized technical indicator that often precedes price breakouts. The cup portion of the pattern represents a period of consolidation, followed by a handle, which is a brief downward movement before the price breaks above the cup’s resistance level.
If the cup-and-handle pattern on XRP’s weekly chart is valid, a breakout above the resistance level could signify a significant price increase. The analyst has placed the target for this breakout at $1.33, representing a potential increase of 76.85% from XRP’s price at the time of his analysis. However, other prominent analysts have set targets as high as $50 based on a similar pattern.
Oversold Signal from Fisher Indicator
Adding to the bullish sentiment is the reading from the Fisher Indicator. This indicator is used to assess whether an asset is overbought or oversold. In Dark Defender’s analysis, the Fisher Indicator suggests that XRP is currently oversold. This could imply that the recent price decline has been excessive and a correction upwards is likely.
XRP’s Future
The combination of Elliott Wave targets, the cup-and-handle pattern, and the oversold signal from the Fisher Indicator paints a potentially bullish picture for XRP. These indicators suggest that a price increase for XRP could be on the horizon, and many community members shared their optimism for XRP’s future.
A prominent analyst recently revealed that XRP is cooking up a historic move. The next few weeks and months could be life-changing for XRP holders as the digital asset attempts to make history.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
Elliott Wave Targets
Elliott Wave Theory is a technical analysis method that postulates that the price movement of an asset follows a specific five-wave pattern. Proponents of this theory use it to identify potential turning points in the market. According to analysts, XRP’s price action on the weekly chart appears to adhere to this Elliott Wave structure.
According to Dark Defender’s chart, XRP is currently in Wave 3, after exiting Wave 2 in late March.
The Cup and Handle Pattern
The analyst further highlights the formation of a bullish cup-and-handle pattern on the weekly XRP chart. This chart pattern is a well-recognized technical indicator that often precedes price breakouts. The cup portion of the pattern represents a period of consolidation, followed by a handle, which is a brief downward movement before the price breaks above the cup’s resistance level.
If the cup-and-handle pattern on XRP’s weekly chart is valid, a breakout above the resistance level could signify a significant price increase. The analyst has placed the target for this breakout at $1.33, representing a potential increase of 76.85% from XRP’s price at the time of his analysis. However, other prominent analysts have set targets as high as $50 based on a similar pattern.
Oversold Signal from Fisher Indicator
Adding to the bullish sentiment is the reading from the Fisher Indicator. This indicator is used to assess whether an asset is overbought or oversold. In Dark Defender’s analysis, the Fisher Indicator suggests that XRP is currently oversold. This could imply that the recent price decline has been excessive and a correction upwards is likely.
XRP’s Future
The combination of Elliott Wave targets, the cup-and-handle pattern, and the oversold signal from the Fisher Indicator paints a potentially bullish picture for XRP. These indicators suggest that a price increase for XRP could be on the horizon, and many community members shared their optimism for XRP’s future.
A prominent analyst recently revealed that XRP is cooking up a historic move. The next few weeks and months could be life-changing for XRP holders as the digital asset attempts to make history.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
#XRP
We are still on support and the best place to buy
XRP price today is $ 0.523048 with a 24-hour trading volume of $ 1.29B, market cap of $ 28.99B, and market dominance of 1.13%. The XRP price increased 0.62% in the last 24 hours.
XRP reached its highest price on Jan 4, 2018 when it was trading at its all-time high of $ 3.92, while XRP's lowest price was recorded on Jul 7, 2014 when it was trading at its all-time low of $ 0.002802. The lowest price since it's ATH was $ 0.113268 (cycle low).
$XRP #DYOR #NFA
We are still on support and the best place to buy
XRP price today is $ 0.523048 with a 24-hour trading volume of $ 1.29B, market cap of $ 28.99B, and market dominance of 1.13%. The XRP price increased 0.62% in the last 24 hours.
XRP reached its highest price on Jan 4, 2018 when it was trading at its all-time high of $ 3.92, while XRP's lowest price was recorded on Jul 7, 2014 when it was trading at its all-time low of $ 0.002802. The lowest price since it's ATH was $ 0.113268 (cycle low).
$XRP #DYOR #NFA
Whales Betting on XRP Returns Amidst Coin’s Downward Performance
The post "Whales Betting on XRP Returns Amidst Coin’s Downward Performance" first appeared on 36crypto.com News.
Whales rack $299 million worth of XRP in 24 hours while the coin keeps marking mixed signals in the chart
While #Ripple (XRP) has been keeping up with sluggish market performance, staying within a stagnating liquidity range, it has surprisingly experienced a boost in whale activity. Will investors’ fondness of XRP move out the writing on the wall for the coin? The question remains open as we dive into Ripple’s on-chain dynamics.
Derivatives Market Indicates Controversy
On-chain data for Ripple (XRP) derivatives presents a mixed picture. Regardless of a dubious price movement, XRP has indicated a dramatic surge in the Open Interest rate and a spike in trading volume, marking the increased investment interest.
By contrast, XRP netflows have been recording a strong downsurge for the last 4 months, indicating no correlation with Ripple’s price movements.
Despite the bearish sentiment in the market, data from Whale Alert revealed that whales are stacking on XRP, acquiring nearly $300 million in #XRP in the last 24 hours.
What is more, XRP demonstrated a sharp uptick in Social Dominance. Still, the community’s waning interest, as reflected in declining social volumes, could be a response to its ongoing performance issues, indicating a cooling off in investor sentiment towards Ripple.
The regressed Social Interest correlates with a recent Brad Garlinghouse statement, which cited that Ripple’s previously rumored Initial Public Offering (IPO) is at low likeability, given the company’s legal disputes with the U.S. Securities and Exchange Commission (SEC). Ripple’s CEO pointed out that Ripple’s S-1 registration statement for an IPO requires SEC approval, yet he doubts a favorable outcome.
“Going public in the United States for Ripple right now doesn’t make any sense,” he went on.
Silver Lining for a Breakout
As the fundamental factors indicate strong controversy, chart readings have a foot in both camps as well. A closer look at the 1-day chart confirms that XRP’s price has been confined within a critical range, bounded by key resistance at $0.55 and crucial support at $0.47, leading to prolonged sideways price actions.
The pattern resembles Ripple’s moves from August to November 2023, before Ripple embarked on an impulsive bullish surge toward the $0.73 resistance, reclaiming the 100-day and 200-day moving averages (MA). Given that XRP is indicating similar dynamics at the writing time, a lasting upward trend might develop if buyers break past the critical zone.
Still, as per the fundamental factors and the robust bullish pressure, the continuous rejections suit as a more realistic option in the near term. The 4-hour chart proves the sentiment, marking low volatility and muted price action. XRP’s price has reached a narrow range, bounded by the 0.5 ($0.5310) Fibonacci level and the ascending wedge’s lower boundary at $0.51.
A break below the pattern’s lower trendline could lead to a bearish retracement towards the static support at $0.48. Conversely, if buyers breach the 0.5 Fibonacci level, the next target will be the 0.618 ($0.5574) Fibonacci level in the short term. While Ripple (XRP) remains a highly controversial asset per its local market dynamics, whales’ optimism may hint at its potential breakout. Specifically, a break below support levels may confirm a bearish trajectory for XRP, yet a push above the moving averages will signal a bullish sentiment.
Whales rack $299 million worth of XRP in 24 hours while the coin keeps marking mixed signals in the chart
While #Ripple (XRP) has been keeping up with sluggish market performance, staying within a stagnating liquidity range, it has surprisingly experienced a boost in whale activity. Will investors’ fondness of XRP move out the writing on the wall for the coin? The question remains open as we dive into Ripple’s on-chain dynamics.
Derivatives Market Indicates Controversy
On-chain data for Ripple (XRP) derivatives presents a mixed picture. Regardless of a dubious price movement, XRP has indicated a dramatic surge in the Open Interest rate and a spike in trading volume, marking the increased investment interest.
By contrast, XRP netflows have been recording a strong downsurge for the last 4 months, indicating no correlation with Ripple’s price movements.
Despite the bearish sentiment in the market, data from Whale Alert revealed that whales are stacking on XRP, acquiring nearly $300 million in #XRP in the last 24 hours.
What is more, XRP demonstrated a sharp uptick in Social Dominance. Still, the community’s waning interest, as reflected in declining social volumes, could be a response to its ongoing performance issues, indicating a cooling off in investor sentiment towards Ripple.
The regressed Social Interest correlates with a recent Brad Garlinghouse statement, which cited that Ripple’s previously rumored Initial Public Offering (IPO) is at low likeability, given the company’s legal disputes with the U.S. Securities and Exchange Commission (SEC). Ripple’s CEO pointed out that Ripple’s S-1 registration statement for an IPO requires SEC approval, yet he doubts a favorable outcome.
“Going public in the United States for Ripple right now doesn’t make any sense,” he went on.
Silver Lining for a Breakout
As the fundamental factors indicate strong controversy, chart readings have a foot in both camps as well. A closer look at the 1-day chart confirms that XRP’s price has been confined within a critical range, bounded by key resistance at $0.55 and crucial support at $0.47, leading to prolonged sideways price actions.
The pattern resembles Ripple’s moves from August to November 2023, before Ripple embarked on an impulsive bullish surge toward the $0.73 resistance, reclaiming the 100-day and 200-day moving averages (MA). Given that XRP is indicating similar dynamics at the writing time, a lasting upward trend might develop if buyers break past the critical zone.
Still, as per the fundamental factors and the robust bullish pressure, the continuous rejections suit as a more realistic option in the near term. The 4-hour chart proves the sentiment, marking low volatility and muted price action. XRP’s price has reached a narrow range, bounded by the 0.5 ($0.5310) Fibonacci level and the ascending wedge’s lower boundary at $0.51.
A break below the pattern’s lower trendline could lead to a bearish retracement towards the static support at $0.48. Conversely, if buyers breach the 0.5 Fibonacci level, the next target will be the 0.618 ($0.5574) Fibonacci level in the short term. While Ripple (XRP) remains a highly controversial asset per its local market dynamics, whales’ optimism may hint at its potential breakout. Specifically, a break below support levels may confirm a bearish trajectory for XRP, yet a push above the moving averages will signal a bullish sentiment.
📣 Top 2 Memecoins To Watch In June 2024
🔸 Cardano (ADA): The Smart Contract Innovator
Cardano (ADA) is known for its unique approach to smart contracts and blockchain technology. Its research-driven development and focus on scalability and sustainability make it a standout in the crypto market. Cardano’s innovative technology and growing ecosystem position it for significant growth.
🔸 Ripple (XRP): The Payment Revolution
Ripple (XRP) is transforming the way cross-border payments are made with its fast and cost-effective solutions. Its partnerships with major financial institutions highlight its potential to disrupt the traditional payment industry. Ripple’s innovative approach makes it a top meme coin to watch in June.
$ADA #ADA $XRP #XRP
🔸 Cardano (ADA): The Smart Contract Innovator
Cardano (ADA) is known for its unique approach to smart contracts and blockchain technology. Its research-driven development and focus on scalability and sustainability make it a standout in the crypto market. Cardano’s innovative technology and growing ecosystem position it for significant growth.
🔸 Ripple (XRP): The Payment Revolution
Ripple (XRP) is transforming the way cross-border payments are made with its fast and cost-effective solutions. Its partnerships with major financial institutions highlight its potential to disrupt the traditional payment industry. Ripple’s innovative approach makes it a top meme coin to watch in June.
$ADA #ADA $XRP #XRP
#BTC $SHIB Why SHIB will make millionaires in the near future.
About 24 hours ago, Shiba Inu (SHIB), the meme coin that gained popularity in 2021, saw a significant price increase of about 12% within 24 hours but later faced another downturn.
One significant driver behind the recent price hike is the movements of huge tokens by whales within the meme coin market. These investors have been making substantial trades, particularly focusing on SHIB and PEPE.
A recent example involves an anonymous whale who shifted their holdings from PEPE to SHIB. This investor liquidated their 1.97 trillion PEPE tokens, valued at over $6 million, and subsequently used the proceeds to acquire a staggering $75.9 billion SHIB, worth approximately $893 million.
This significant shift in investment strategy from PEPE to SHIB highlights the whale’s confidence in Shiba Inu, potentially influencing other investors and contributing to the overall price increase.
Speculation Surrounding a Potential SHIB ETF
The ongoing speculation about a dedicated Shiba Inu exchange-traded fund (ETF) has generated significant enthusiasm among SHIB holders. Shytoshi Kusama, the lead developer of Shiba Inu, raised the question of a SHIB ETF’s feasibility, sparking community discussions.
Grayscale is also advocating for a SHIB ETF and is nearing its goal of 10,000 signatures in a petition. This strong community support underscores the potential demand for such a financial instrument.
Increased Trading Activity
Beyond investor confidence and ETF speculation, Shiba Inu’s market activity has also witnessed a surge in trading volume. Data from CryptoQuant reveals a significant increase in SHIB transactions, with over 5.354 trillion coins, valued at more than $132 million, exchanged within a single day.
This represents a substantial 169% jump compared to the previous day’s trading volume. Reports suggest that this surge is primarily driven by large whale transactions, indicating renewed interest from major investors.
#BTC #Shiba #Write2Earn #XRP
About 24 hours ago, Shiba Inu (SHIB), the meme coin that gained popularity in 2021, saw a significant price increase of about 12% within 24 hours but later faced another downturn.
One significant driver behind the recent price hike is the movements of huge tokens by whales within the meme coin market. These investors have been making substantial trades, particularly focusing on SHIB and PEPE.
A recent example involves an anonymous whale who shifted their holdings from PEPE to SHIB. This investor liquidated their 1.97 trillion PEPE tokens, valued at over $6 million, and subsequently used the proceeds to acquire a staggering $75.9 billion SHIB, worth approximately $893 million.
This significant shift in investment strategy from PEPE to SHIB highlights the whale’s confidence in Shiba Inu, potentially influencing other investors and contributing to the overall price increase.
Speculation Surrounding a Potential SHIB ETF
The ongoing speculation about a dedicated Shiba Inu exchange-traded fund (ETF) has generated significant enthusiasm among SHIB holders. Shytoshi Kusama, the lead developer of Shiba Inu, raised the question of a SHIB ETF’s feasibility, sparking community discussions.
Grayscale is also advocating for a SHIB ETF and is nearing its goal of 10,000 signatures in a petition. This strong community support underscores the potential demand for such a financial instrument.
Increased Trading Activity
Beyond investor confidence and ETF speculation, Shiba Inu’s market activity has also witnessed a surge in trading volume. Data from CryptoQuant reveals a significant increase in SHIB transactions, with over 5.354 trillion coins, valued at more than $132 million, exchanged within a single day.
This represents a substantial 169% jump compared to the previous day’s trading volume. Reports suggest that this surge is primarily driven by large whale transactions, indicating renewed interest from major investors.
#BTC #Shiba #Write2Earn #XRP
Analyst Predicts XRP to Outperform Bitcoin
A popular cryptocurrency analyst has recently revealed his belief that the price of XRP, the native token of the XRP Ledger, is poised to significantly outperform Bitcoin ($BTC) based on a key technical indicator.
In a post on the microblogging platform X (formerly known as Twitter), Cryptoinsightuk shared insights that indicate XRP’s price in BTC is entering “reversal territory” on a monthly timeframe.
Analyst Optimistic About XRP’s Potential Against Bitcoin
According to a popular cryptocurrency analyst, the XRP/BTC monthly Relative Strength Index (RSI) is currently at its lowest historical level. Historically, such occurrences have preceded significant gains for XRP relative to Bitcoin, with previous instances resulting in rises of 5,251% and 498% against the flagship cryptocurrency.
The analyst highlighted that despite XRP’s recent underperformance compared to Bitcoin, he sees several potential positive catalysts on the horizon. He emphasized that a change in narrative could swiftly alter market sentiment in favor of XRP.
However, it’s important to note that XRP has shown lackluster performance lately, declining approximately 15% year-to-date and registering only a 0.8% increase over the past 12 months.
Rise of Bitcoin ETFs and Institutional Investment Trends
The price of Bitcoin has surged 61.5% year-to-date and over 150% in the last 12 months, bolstered in part by the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States. These ETFs have facilitated easier access for institutional investors seeking exposure to the cryptocurrency.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed the Grayscale Bitcoin Trust (GBTC) in BTC holdings, becoming the world’s largest exchange-traded fund offering Bitcoin exposure. Analysts attribute this shift to Grayscale’s higher fees, which prompted investors to move towards BlackRock’s lower-cost alternative after GBTC transitioned into a spot Bitcoin ETF coinciding with the launch of several similar ETFs in the U.S.
Highlighting institutional interest, BlackRock’s income and bond-focused funds recently diversified their portfolios by adding exposure to its own spot Bitcoin ETF. Regulatory filings revealed that BlackRock’s Strategic Income Opportunities Fund and Strategic Global Bond Fund purchased shares of iShares Bitcoin Trust.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
In a post on the microblogging platform X (formerly known as Twitter), Cryptoinsightuk shared insights that indicate XRP’s price in BTC is entering “reversal territory” on a monthly timeframe.
Analyst Optimistic About XRP’s Potential Against Bitcoin
According to a popular cryptocurrency analyst, the XRP/BTC monthly Relative Strength Index (RSI) is currently at its lowest historical level. Historically, such occurrences have preceded significant gains for XRP relative to Bitcoin, with previous instances resulting in rises of 5,251% and 498% against the flagship cryptocurrency.
The analyst highlighted that despite XRP’s recent underperformance compared to Bitcoin, he sees several potential positive catalysts on the horizon. He emphasized that a change in narrative could swiftly alter market sentiment in favor of XRP.
However, it’s important to note that XRP has shown lackluster performance lately, declining approximately 15% year-to-date and registering only a 0.8% increase over the past 12 months.
Rise of Bitcoin ETFs and Institutional Investment Trends
The price of Bitcoin has surged 61.5% year-to-date and over 150% in the last 12 months, bolstered in part by the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States. These ETFs have facilitated easier access for institutional investors seeking exposure to the cryptocurrency.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed the Grayscale Bitcoin Trust (GBTC) in BTC holdings, becoming the world’s largest exchange-traded fund offering Bitcoin exposure. Analysts attribute this shift to Grayscale’s higher fees, which prompted investors to move towards BlackRock’s lower-cost alternative after GBTC transitioned into a spot Bitcoin ETF coinciding with the launch of several similar ETFs in the U.S.
Highlighting institutional interest, BlackRock’s income and bond-focused funds recently diversified their portfolios by adding exposure to its own spot Bitcoin ETF. Regulatory filings revealed that BlackRock’s Strategic Income Opportunities Fund and Strategic Global Bond Fund purchased shares of iShares Bitcoin Trust.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple
💫 Ripple CEO Brad Garlinghouse Expects Spot XRP ETFs by 2025
Ripple CEO Brad Garlinghouse has announced his expectations for the launch of spot XRP ETFs by 2025. This prediction underscores Garlinghouse's confidence in the growing acceptance and integration of XRP into mainstream financial markets.
#Ripple #XRP $XRP
Ripple CEO Brad Garlinghouse has announced his expectations for the launch of spot XRP ETFs by 2025. This prediction underscores Garlinghouse's confidence in the growing acceptance and integration of XRP into mainstream financial markets.
#Ripple #XRP $XRP
Whale Withdraws $XRP from Binance
Today, a whale withdrew 26,262,724 XRP (valued at $13,592,844) from Binance.
Address:
rarG6FaeYhnzSKSS5EEPofo4gFsPn2bZKk
Transaction Hash: D48FC7BE37A26B2901111B926661BF214D646E08341D34AB807BCA3F34EA864F
This whale now holds a total of 41.796 million #XRP , which is worth approximately $21.723 million USD.
Today, a whale withdrew 26,262,724 XRP (valued at $13,592,844) from Binance.
Address:
rarG6FaeYhnzSKSS5EEPofo4gFsPn2bZKk
Transaction Hash: D48FC7BE37A26B2901111B926661BF214D646E08341D34AB807BCA3F34EA864F
This whale now holds a total of 41.796 million #XRP , which is worth approximately $21.723 million USD.
$BTC $ETH $XRP
🛑🛑🛑 Urgent update breaking news
RELEASED NOW: Ripple CEO Brad Garlinghouse says he expects exchange-traded funds (ETFs) for XRP in 2025.
🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR
♥️ Thank you for Watching my Post ♥️
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#BTC #ETH #BNB #LINK #XRP
🛑🛑🛑 Urgent update breaking news
RELEASED NOW: Ripple CEO Brad Garlinghouse says he expects exchange-traded funds (ETFs) for XRP in 2025.
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Can Dogecoin Reach $10 as It Approaches Ripple's XRP in Coin Rankings?
Dogecoin fell 2.5% to $0.1579 in 24 hours as the crypto market was unchanged.
DOGE is down 3.5% in a week and 2% in a month, but the meme currency has gained 115% in a year.
Dogecoin is $6 billion away from surpassing XRP in the market cap rankings, which has stalled this year while Ripple awaits its SEC settlement.
As the market gets more positive, meme tokens may gain popularity, which might boost Dogecoin prices.
DOGE's loss today implies the currency is further into oversold territory, which is good since it offers a chance to purchase the dip before a comeback.
Its relative strength indicator (purple) dropped from about 70 yesterday to 40 today, but it might fall more before things improve.
Since DOGE's 30-day average (orange) has been below the 200-day (blue) for much of the past week, the currency seems to have suffered enough and could rise shortly.
Encouragement is also seen in the alt's resistance (red) and support (green) levels triangulating, reaching a pinch point that frequently leads to large swings.
Due to limited volume, one whale purchase might send Dogecoin prices soaring.
Based on past performance and market trends, many traders feel DOGE has tremendous potential.
Famous GameStop trader Keith Gill (AKA Roaring Bunny) was caught buying $180 million in the retailer's shares yesterday.
This boosted GameStop bullishness and may boost meme token demand like Dogecoin.
Since inflation is falling in several countries, including the UK and EU, the following months may offer more positive.
Rate decreases should increase investor appetite.
This may boost Dogecoin to $0.2 by summer and $0.4 by 2024.
#DOGE #XRP #altcoins #btc70k $DOGE $XRP
Dogecoin fell 2.5% to $0.1579 in 24 hours as the crypto market was unchanged.
DOGE is down 3.5% in a week and 2% in a month, but the meme currency has gained 115% in a year.
Dogecoin is $6 billion away from surpassing XRP in the market cap rankings, which has stalled this year while Ripple awaits its SEC settlement.
As the market gets more positive, meme tokens may gain popularity, which might boost Dogecoin prices.
DOGE's loss today implies the currency is further into oversold territory, which is good since it offers a chance to purchase the dip before a comeback.
Its relative strength indicator (purple) dropped from about 70 yesterday to 40 today, but it might fall more before things improve.
Since DOGE's 30-day average (orange) has been below the 200-day (blue) for much of the past week, the currency seems to have suffered enough and could rise shortly.
Encouragement is also seen in the alt's resistance (red) and support (green) levels triangulating, reaching a pinch point that frequently leads to large swings.
Due to limited volume, one whale purchase might send Dogecoin prices soaring.
Based on past performance and market trends, many traders feel DOGE has tremendous potential.
Famous GameStop trader Keith Gill (AKA Roaring Bunny) was caught buying $180 million in the retailer's shares yesterday.
This boosted GameStop bullishness and may boost meme token demand like Dogecoin.
Since inflation is falling in several countries, including the UK and EU, the following months may offer more positive.
Rate decreases should increase investor appetite.
This may boost Dogecoin to $0.2 by summer and $0.4 by 2024.
#DOGE #XRP #altcoins #btc70k $DOGE $XRP
🚨 Ripple vs. SEC: Latest Court Update 🚨
The legal battle between Ripple and the SEC continues to unfold, with significant developments recently announced. The SEC has submitted its remedies-related briefs, arguing for substantial penalties on Ripple for post-complaint XRP sales to institutional investors. The potential fines could reach up to $1.95 billion. Meanwhile, Ripple's legal team is pushing back, emphasizing that XRP is not a security and criticizing the SEC for overreaching its authority (The future of trading) .
As the case progresses, Ripple CEO Brad Garlinghouse and other executives remain confident in their defense, expecting a favorable outcome. The trial is scheduled to commence between April 1st and June 30th, 2024, with both parties preparing for what could be a landmark decision for the crypto industry
Stay tuned for more updates on this pivotal case!
#Ripple #XRP #SEC #CryptoNews #Blockchain $XRP
The legal battle between Ripple and the SEC continues to unfold, with significant developments recently announced. The SEC has submitted its remedies-related briefs, arguing for substantial penalties on Ripple for post-complaint XRP sales to institutional investors. The potential fines could reach up to $1.95 billion. Meanwhile, Ripple's legal team is pushing back, emphasizing that XRP is not a security and criticizing the SEC for overreaching its authority (The future of trading) .
As the case progresses, Ripple CEO Brad Garlinghouse and other executives remain confident in their defense, expecting a favorable outcome. The trial is scheduled to commence between April 1st and June 30th, 2024, with both parties preparing for what could be a landmark decision for the crypto industry
Stay tuned for more updates on this pivotal case!
#Ripple #XRP #SEC #CryptoNews #Blockchain $XRP
Check out these top meme coins for June 2024:
1. **Cardano (ADA)**: It's all about smart contracts and blockchain tech. Cardano stands out for its focus on research, scalability, and sustainability, setting it apart in the crypto world.
2. **Ripple (XRP)**: Changing how cross-border payments work with its speedy and affordable solutions. Partnering with big financial players, Ripple has the potential to shake up traditional payment systems. Keep an eye on Ripple for its innovative ideas.
$ADA #ADA $XRP #XRP
1. **Cardano (ADA)**: It's all about smart contracts and blockchain tech. Cardano stands out for its focus on research, scalability, and sustainability, setting it apart in the crypto world.
2. **Ripple (XRP)**: Changing how cross-border payments work with its speedy and affordable solutions. Partnering with big financial players, Ripple has the potential to shake up traditional payment systems. Keep an eye on Ripple for its innovative ideas.
$ADA #ADA $XRP #XRP
Can Dogecoin reach $10 as it gets closer to Ripple's XRP in the rankings?
Dogecoin's price dropped a bit in the last day, but it's up a lot over the year. It's not doing great in the short term, but if the market gets better, meme coins like Dogecoin might become more popular.
Today's drop might mean it's a good time to buy because the price might go up again soon.
Some indicators show it could go up soon, like its resistance and support levels getting close together. Also, one big purchase could make Dogecoin prices go way up.
Many traders think Dogecoin has a lot of potential based on its past performance and trends in the market.
Keith Gill, the GameStop trader, bought a lot of GameStop shares, which made people more interested in meme tokens like Dogecoin.
If inflation keeps going down, it could be good for Dogecoin's price.
Some predictions say Dogecoin could reach $0.2 by summer and $0.4 by 2024.
#doge⚡ #XRP #altcoin #btc70k $DOGE
$XRP
Dogecoin's price dropped a bit in the last day, but it's up a lot over the year. It's not doing great in the short term, but if the market gets better, meme coins like Dogecoin might become more popular.
Today's drop might mean it's a good time to buy because the price might go up again soon.
Some indicators show it could go up soon, like its resistance and support levels getting close together. Also, one big purchase could make Dogecoin prices go way up.
Many traders think Dogecoin has a lot of potential based on its past performance and trends in the market.
Keith Gill, the GameStop trader, bought a lot of GameStop shares, which made people more interested in meme tokens like Dogecoin.
If inflation keeps going down, it could be good for Dogecoin's price.
Some predictions say Dogecoin could reach $0.2 by summer and $0.4 by 2024.
#doge⚡ #XRP #altcoin #btc70k $DOGE
$XRP
