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XRP Rally Stalls, But Analyst Eyes 106% Price Surge
25Apr By OLAJIDE SAMUELNo Comments
XRP News

XRP Rally Stalls, But Analyst Eyes 106% Price Surge

XRP's recent recovery momentum seems to be fading after reaching a 10-day high above $0.57 on April 22nd. This climb was halted by resistance at the 50-day exponential moving average (EMA), leading to a slight pullback. XRP's Price Rollercoaster Despite the recent dip, a trader on social media platform X believes this presents a buying opportunity for XRP, with a potential 106% upswing on the horizon. They shared a chart indicating that XRP has been trading above an upward trendline since June 2023. However, this trendline was broken during a sharp price drop in April. Read Also: Shiba Inu Poised for Rebound, Analyst Predicts 115% Surge https://twitter.com/RobinhoodApp/status/1783111220704186561 Recovery Attempt and Ambitious Target Fueled by the Bitcoin halving on April 20th, XR...
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XRP Ledger’s Decentralized Exchange Hits New Milestone with Over 7.5 Million $XRP Locked
25Apr By Kayode Oke MichaelNo Comments
XRP News

XRP Ledger’s Decentralized Exchange Hits New Milestone with Over 7.5 Million $XRP Locked

The XRP Ledger's automated market maker (AMM) has achieved a total value locked (TVL) of over 7 million $XRP, according to DeFi analytics platform DeXfi. The TVL has increased significantly in just a few weeks, with more trading pairs with XRP and larger inflows contributing to the growth of the locked assets. The locked assets, which include XRP, Sologenic ($SOLO), USD Coin ($USDC), Bitcoin ($BTC), and Coreum ($CORE), are worth approximately $4 million. The 3.7 million XRP tokens contribute approximately $2 million to the locked assets. https://twitter.com/Vet_X0/status/1782927240658870335 Read Also: Exploring the Link between Global Events and the Recent Surge in Bitcoin and XRP Coin Prices The Overview of SOLO/XRP AMM The SOLO/XRP AMM pool holds the largest share of locked as...
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XRP Awaits SEC Verdict, Rebel Satoshi Launches with Ambitious Plans
23Apr By CryptolifedigitalNo Comments
XRP News

XRP Awaits SEC Verdict, Rebel Satoshi Launches with Ambitious Plans

Ripple (XRP) and the newly launched meme coin Rebel Satoshi (RBLZ) are generating headlines for different reasons. XRP's price hinges on the ongoing SEC lawsuit, while RBLZ ignites interest with its unique token launch and community-driven approach. Ripple Nears SEC Showdown The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) inches closer to a conclusion. A crucial trial was scheduled for April 23rd, but a recent development suggests a possible settlement. An April 15th announcement revealed that both parties will participate in a Final Pretrial Conference, potentially paving the way for an agreement. Read Also: XRP Bull Run Predicted: Analyst Charts Path to $5 in 15 Months https://twitter.com/RippleXrpie/status/1779788169430315250 XRP's price ...
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XRP Community Rekindles Hope for Tesla Adoption After Lower-Priced Model Y Announcement
22Apr By Onche Michael ONo Comments
XRP News

XRP Community Rekindles Hope for Tesla Adoption After Lower-Priced Model Y Announcement

Elon Musk's recent announcement of a lower-priced Tesla Model Y sent ripples through both the electric vehicle and cryptocurrency communities. The $29,490 price tag sparked enthusiasm for potential mass EV adoption, but it also caught the attention of XRP enthusiasts hoping for Tesla to embrace their token. Read Also: Shiba Inu Hints at Major Deal, Community Buzzes with Speculation https://twitter.com/elonmusk/status/1781544288179851750?t=ziFcZKx4nmtYyvzMw-zvsQ&s=19 XRP Community Asks: When Can We Buy a Tesla with XRP? XRPcryptowolf, a prominent figure within the XRP community, took to X (formerly Twitter) to voice a burning question: "When can we buy a Tesla Y with XRP and crypto?" This query highlights the ongoing desire for XRP adoption as a payment method for Tesla vehicles...
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XRP Weathers Market Storm, Analyst Maintains Bullish Outlook
18Apr By OLAJIDE SAMUELNo Comments
XRP News

XRP Weathers Market Storm, Analyst Maintains Bullish Outlook

XRP has been swept up in the recent cryptocurrency market turbulence, experiencing a significant price drop. Despite the short-term woes, some analysts remain optimistic about XRP's long-term prospects. XRP Takes a Hit The past month has been rough for XRP. The token plunged nearly 24% between April 11 and 13, reaching a low of $0.4188. While a brief recovery offered some hope, XRP is currently down 18.57% over the past month, struggling to reclaim the crucial $0.50 support level. Read Also: Shiba Inu: Whales HODL Strong as Price Seeks Stability Analyst Unfazed by Short-Term Dip A prominent crypto analyst, Javon Marks believes the current market downturn doesn't negate a potential future surge for XRP. He points to a key technical indicator: XRP has maintained its position above a c...
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XRP DeFi Heats Up: Locked Tokens and AMM Pool Growth Signal Progress
17Apr By Kayode Oke MichaelNo Comments
XRP News

XRP DeFi Heats Up: Locked Tokens and AMM Pool Growth Signal Progress

The XRPL ecosystem is experiencing a surge in DeFi activity, with positive developments over the weekend indicating a growing and dynamic environment. XRPL DeFi Sees Rise in AMM Pools and Locked XRP Data from XRPScan reveals a significant increase in Automated Market Maker (AMM) pools on the XRPL. From 277 to 316, this jump suggests rising user engagement with DeFi functionalities. This trend is mirrored by a robust rise in the volume of XRP locked within these pools, climbing from 1.8 million to 2.15 million. Read Also: Can Shiba Inu Recover? Price Tumbles, But Ambitious Price Targets Remain https://twitter.com/Belisarius2020/status/1780442579383034151 Overall Ecosystem Growth Recent data highlights further positive developments for the XRPL. The ecosystem now boasts over 200 to...
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XRP: Analysts Predict Double-Digit Price Surge, With Some Eyeing a Whopping $1,000
16Apr By Onche Michael ONo Comments
XRP News

XRP: Analysts Predict Double-Digit Price Surge, With Some Eyeing a Whopping $1,000

Despite XRP's current struggles to break past $1 and potential dips below $0.5, analysts remain optimistic about its future. Price predictions range from significant climbs into double-digit territory, like $10 or even $27, to a mind-blowing $1,000. Bold Predictions: XRP to $1,000? Two analysts have dared to dream big, projecting a staggering 189,186% increase for XRP, reaching a price of $1,000. Read Also: Ripple vs. SEC: Settlement Talks Swirl as Key Pre-Trial Conference Approaches Analyst One: Exponential Growth Mirrors Bitcoin's Trajectory BarriC, one of the analysts, argues that the crypto market is known for its unpredictable price movements. He cites Bitcoin's astronomical rise from $330 in 2016 to over $73,000 today, highlighting that such growth was unimaginable at th...
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