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XRP Price Poised for a Surge? Analyst Makes Bullish Case
XRP News

XRP Price Poised for a Surge? Analyst Makes Bullish Case

Cryptocurrency analyst Javon Marks (@JavinTM1) is doubling down on his prediction for a significant XRP price increase. This renewed optimism follows XRP's recent breach of a key resistance level, hinting at a historical price pattern repeating itself. Marks initially noted a series of "higher lows" on XRP's 18-day chart back in February, even during a bearish market. This trend, he argued, suggested a potential reversal despite the prevailing downward pressure. His confidence was bolstered by a subsequent breakout observed in late February. However, XRP's price movement since then has been volatile, lacking a sustained upward trend. Read Also: Shiba Inu Collaborates with CDSA, SHIB Burn Rate Echoes of the Past: Breaking the Downtrend Line Marks' current analysis hinges on a histor...
XRPL AMM: Few Facts To Consider Before Venturing into It According To Panos Mekras
XRP News

XRPL AMM: Few Facts To Consider Before Venturing into It According To Panos Mekras

The revelation comes at an advantageous time, as the XRPL community has reactivated the AMM functions following the execution of an amendment fix to a prior issue experienced by the feature. Eminently, with this fix, AMM pools are presently functional, and trading has continued. Following the fix, the quantity of AMM pools on the XRP Ledger has increased to 259, as per information from XRPScan. Moreover, the total XRP locked across these AMM pools has risen to 1.6 million tokens, up from 820K+. Read Also: What Factors Influence XRP’s Price After a 92% Volume Surge? The Unique Features Of XRPL AMM As the energy hit up, Mekras took to X to frame a few facts to consider about the AMM before anybody began utilizing it. He mentioned that the XRPL AMM isn't simply one of the decentralize...
What Factors Influence XRP’s Price After a 92% Volume Surge?
XRP News

What Factors Influence XRP’s Price After a 92% Volume Surge?

Over the past 24 hours, Ripple's XRP token has experienced a significant surge in trading volume, reaching 92.36% growth and totaling at $4.8 billion according to CoinMarketCap's data. This increase in volume was accompanied by a rise in XRP's price, which has grown by 9.2% since April 4th. Read Also: Crypto Revolution: Ripple CEO Anticipates Market Cap Explosion to Surpass Apple and Nvidia A massive Rise in volume However, while this recent price movement may seem positive, it is important to consider the broader trend for XRP. After testing the $0.7440 level on March 11th, XRP's price has declined significantly, exhibiting multiple lower lows and lower highs and establishing a bearish trend. Even with the recent surge in price, it is unlikely to reverse this trend.   ...
XRP Price Update: Mixed Signals Amidst SEC Lawsuit and Inflation Woes
XRP News

XRP Price Update: Mixed Signals Amidst SEC Lawsuit and Inflation Woes

XRP price action on Wednesday offered a glimpse of the cryptocurrency's current state: cautiously optimistic. Despite a brief dip below $0.60, XRP managed to finish the day at $0.6181, a 0.55% gain. This rise came despite broader market anxieties surrounding US inflation data. Hotter-than-expected inflation numbers, initially causing investor angst, ultimately fueled a positive reaction in XRP and the crypto market as a whole. XRP climbed to a session high of $0.6212 before settling slightly below the $0.62 mark. However, compared to the total crypto market cap's 1.50% increase, XRP lagged. The lingering shadow of the SEC v. Ripple lawsuit continues to dampen XRP's potential. With no updates on the case Wednesday, investors remain apprehensive as Ripple prepares to file its oppos...
Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens
XRP News

Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens

Leading American trading platform Uphold has introduced a new crypto investment basket featuring XRP and other finance-related tokens. This basket simplifies the process of building a diversified cryptocurrency portfolio by offering a pre-selected group of assets in a single click. Read Also: Cardano Price: Bearish Sentiment But Bullish Potential Crypto Baskets for Easy Portfolio Diversification Uphold Baskets launched in February 2024, aiming to address the challenge of selecting worthy investment options from the vast landscape of cryptocurrencies. These baskets function as bundles of carefully chosen crypto assets, allowing users to diversify their holdings with a single purchase. Uphold categorizes these baskets based on different market sectors, making it easier for investors to ...
XRP Community Buzzes About Possible FedNow Network Integration
XRP News

XRP Community Buzzes About Possible FedNow Network Integration

A recent social media post by an XRP community member has sparked discussions about XRP and the FedNow network, the instant payment system launched by the Federal Reserve Bank in the US. The post, by Crypto Value Hunter, detailed an instant XRP withdrawal from Uphold, a crypto exchange known for its support of XRP, to a bank account. The transaction description reportedly mentioned FedNow, leading to speculation about FedNow's involvement in processing the XRP transaction. Read Also: Solana Price Stalemate: Bullish Flag or Bearish Whales? https://twitter.com/majesticboss55/status/1774814745868095949 This sparked excitement within the XRP community for two reasons. First, XRP's strength lies in facilitating fast cross-border payments, which aligns with FedNow's instant settlement featur...
XRP Struggles to Regain $1 Glory, Analysts Divided on April Prospects
XRP News

XRP Struggles to Regain $1 Glory, Analysts Divided on April Prospects

XRP's price continues to disappoint holders, failing to recapture the $1 mark lost since the previous bull run. This underperformance comes despite a strong first half of 2024 for major cryptocurrencies like Bitcoin and Ethereum. Currently trading around $0.59, XRP would need a 70% surge to reach $1. This week's Bitcoin-led market correction pushed the token below the crucial $0.6 level, further dampening investor sentiment. Despite the slump, some analysts remain optimistic. Read Also: XRP Underwhelmed in Q1, But Analysts Predict Bullish Run Ambitious Targets and Short-Term Hopes The past month saw optimistic voices in the crypto community forecasting ambitious targets of $5 and even $10 for XRP. Some believe $10 could be achievable in the short term, while others view it as th...
Xumm Ends XRP Burn for XAH Minting on Xahau Sidechain
XRP News

Xumm Ends XRP Burn for XAH Minting on Xahau Sidechain

The Xumm team, formerly known as Xaman, has decided to discontinue its Burn2Mint (B2M) program involving XRP and XAH, the native token of the XRPL sidechain Xahau. This decision comes after a vote by the team led by founder Wietse Wind. What was Burn2Mint? The B2M mechanism, introduced earlier, allowed users to directly acquire XAH tokens by burning XRP. This eliminated the need for users to rely on secondary markets or complex cross-chain bridges. Essentially, users could burn XRP and mint an equivalent amount of XAH. Read Also: Shiba Inu Burns Rise Despite Token Price Slump https://twitter.com/sentosumosaba/status/1774964338618749171 The B2M program was designed to gradually decrease the yield over time, ultimately reaching zero to regulate the distribution of XAH and prevent ...