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XRP Joins Bitcoin in Bullish Surge: BlackRock’s Move and Bitcoin ETF Approval Prospects Spark Crypto Market Anticipation
XRP News

XRP Joins Bitcoin in Bullish Surge: BlackRock’s Move and Bitcoin ETF Approval Prospects Spark Crypto Market Anticipation

In a remarkable turn of events, Bitcoin (BTC) has experienced a staggering surge from approximately $15,000 last year to an impressive $38,000, marking a significant upward trajectory. Notably, XRP has mirrored this positive momentum, surging over 56% from $0.3986 to $0.61 in the past year. As the two leading cryptocurrencies showcase praiseworthy performance, the crypto market is poised for a potential influx of capital, according to insights from Forbes contributor Billy Bambrough. Read Also: Bitcoin's Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism XRP has mirrored this positive momentum of Bitcoin The catalyst for this anticipated surge is rooted in the prospect of the approval of a Bitcoin spot exchange-traded fund (ETF), a development ...
XRP Road to Recovery: Potential Earnings and Caution Amidst All-Time High Speculation
XRP News

XRP Road to Recovery: Potential Earnings and Caution Amidst All-Time High Speculation

Since its dip below the $3.8 all-time high in January 2018, XRP has faced challenges in reclaiming this coveted price threshold. The closest it came was in April 2021, when it surged above $1.9, only to face stern resistance at $3.8. Many attribute XRP's struggle to the legal battle surrounding the asset, particularly the SEC's charges against Ripple in December 2020, leading to delistings on U.S.-based exchanges and selling pressure. Read Also: Terra Classic (LUNC) Blockchain Witnesses Resurgence Amidst Record Transactions and Price Recovery Despite its inability to reach new highs during the 2021 bull run, XRP is now experiencing renewed optimism following recent legal clarity. Market analysts believe that with regulatory uncertainties lifting, XRP could potentially recover and eve...
XRP Poised for Bullish Surge: Dark Defender’s Cup and Handle Analysis Sets Short-Term Targets at $1.88″
XRP News

XRP Poised for Bullish Surge: Dark Defender’s Cup and Handle Analysis Sets Short-Term Targets at $1.88″

Renowned cryptocurrency analyst Dark Defender (@DefendDark) has highlighted a notable cup and handle pattern emerging on the daily chart of XRP, setting short-term targets as high as $1.88. The cup and handle pattern, a technical analysis formation in financial charts, signifies a bullish trend reversal. It involves a rounded bottom (cup) followed by a consolidation period (handle), suggesting potential upward price movement with a breakout typically occurring at the handle’s resistance level. https://twitter.com/DefendDark/status/1726878660752245220?s=19 The cup formation was initiated following Judge Torres’s July ruling in the U.S. Securities and Exchange Commission’s lawsuit against Ripple. This ruling was a significant victory for Ripple and the XRP community, as non-institut...
Crypto Market Buzz: Unsubstantiated Rumors Stir Excitement Amidst BlackRock and JPMorgan Speculation, XRP Community Urged to Exercise Caution
XRP News

Crypto Market Buzz: Unsubstantiated Rumors Stir Excitement Amidst BlackRock and JPMorgan Speculation, XRP Community Urged to Exercise Caution

In a volatile month for the cryptocurrency space, unsubstantiated rumours and speculation have once again taken centre stage, with a recent instance involving BlackRock and JPMorgan causing ripples across the market. The crypto community, particularly on X, was abuzz with excitement as discussions unfolded regarding a purported acquisition of millions of XRP by these financial giants. Read Also: Heco Bridge Hack: $86 Million in Cryptos Stolen, Justin Sun Assures Safety as Investigation Commences The October SEC-ETF Episode: Lessons Learned Reflecting on the recent past, it's clear that the crypto space remains susceptible to the impact of rumours. In October 2023, a false story about the U.S. Securities and Exchange Commission (SEC) approving a spot Bitcoin exchange-traded fund (ETF) ...