XRP News Archives - Page 6 of 26

Crypto Analyst Ben Armstrong Encourages Patience as XRP Awaits Uptrend

31Dec

By Daniel AbangNo Comments

XRP News

Crypto Analyst Ben Armstrong Encourages Patience as XRP Awaits Uptrend

In a recent YouTube video, prominent crypto analyst Ben Armstrong addressed concerns surrounding XRP's underperformance, urging investors to exercise patience amidst a challenging market backdrop. Armstrong acknowledged XRP's historical struggles but argued against hasty sell-offs, emphasizing the impact of broader market conditions on the token's price movements. Armstrong's Analysis One key point of discussion in Armstrong's video was XRP's inability to sustain bullish momentum after the resolution of its legal disputes. While some critics pointed to XRP's perceived lacklustre performance compared to tokens like Solana (SOL) and Avalanche (AVAX), which experienced over 100% gains, Armstrong cautioned against making direct comparisons. Drawing parallels to Ethereum's delayed ascent in p...

Nigeria’s Policy Shift Unleashes Potential for XRP Surge as Banks Reconnect with Crypto Exchanges

30Dec

By CryptolifedigitalNo Comments

XRP News

Nigeria’s Policy Shift Unleashes Potential for XRP Surge as Banks Reconnect with Crypto Exchanges

In a pivotal move that marks a significant turning point for XRP, Nigeria has recently altered its policy concerning commercial banks and their interactions with cryptocurrency exchanges. This development, highlighted in a recent Forbes report, follows a circular issued by the Central Bank of Nigeria (CBN) on December 22nd, granting Nigerian banks permission to engage with crypto exchanges. This decision signifies a remarkable shift in Nigeria's approach to cryptocurrencies, transitioning from restriction to inclusion and positioning the country among those with clear crypto regulations. Read Also: Terraport's TERRA Token Achieves Coingecko Listing Milestone https://twitter.com/notgwera/status/1738311027266138374?s=19 CBN Once Banned Crypto In Nigeria Nigeria had previously imposed...

XRP Price Analysis: Crypto Analyst Egrag Crypto and Top Banker Discuss Potential Surge to $2,500 by 2029

28Dec

By Daniel AbangNo Comments

XRP News

XRP Price Analysis: Crypto Analyst Egrag Crypto and Top Banker Discuss Potential Surge to $2,500 by 2029

In a recent revelation by crypto analyst Egrag Crypto, discussions with a top banker have fueled speculation about XRP's potential price surge to $2,500 shortly. The conversation reportedly centred around the possibility of 40,000 XRP equating to $100 million and delved into technical analysis to support the ambitious price target. Read Also: LUNC's Ambitious Road to $1: Terraport Finance Proposes a Supply Burn Strategy https://twitter.com/egragcrypto/status/1739949212417048704?s=20 Analyzing the XRP Price Projection Challenging the Analyst: The banker challenged Egrag Crypto to explain how 40,000 XRP could reach a valuation of $100 million. This challenge sparked a conversation about the potential for XRP to hit $2,500, with the banker seeking insights into the technical and m...

Crypto Analyst Boldly Predicts XRP Price to Reach $352: Mooning in 2024?

27Dec

By Onche Michael ONo Comments

XRP News

Crypto Analyst Boldly Predicts XRP Price to Reach $352: Mooning in 2024?

In a bold prediction that has stirred excitement within the XRP community, a crypto analyst from the JWK Show channel on YouTube has suggested that the price of XRP could potentially skyrocket to an astonishing $352. The analyst arrived at this ambitious figure using an XRP calculator based on a valuation model developed by Susan Athey, a member of Ripple's board, and Robert Mitchnick, a former employee of the crypto firm. Read Also: Terra Classic Meme Contest 2023: Unleash Your Creativity and Humor in the Crypto World! XRP Price Projection Methodology The crypto analyst inputs various metrics, including transaction volume, circulating supply, store of value, and transaction processing time, into the XRP calculator. The calculated result pointed to a potential future price of $352. It...

XRP Community Divided: Ethical Dilemmas Arise Over Proposed Escrow Burn

27Dec

By Daniel AbangNo Comments

XRP News

XRP Community Divided: Ethical Dilemmas Arise Over Proposed Escrow Burn

Concerns are rippling through the XRP community as debates intensify regarding the potential burn of the 39 billion XRP tokens held in Ripple's escrow wallet. Key figure Kristin Dack has raised ethical red flags, challenging the notion of burning XRP tokens and highlighting the inherent risks to individual asset holders. Escrow XRP Burn Could Be An Issue. Dack Stated Dack's argument revolves around the fundamental value of each XRP token, representing a significant asset for holders. While the idea of burning tokens is tempting due to its potential to boost XRP's overall value, it sparks uneasy questions about encroaching on the property rights of individual XRP holders. Dack issues a stark warning that supporting a code allowing the community to burn someone's XRP exposes every holder ...

Ripple’s Positive Developments Propel XRP Price on a Bullish Path

25Dec

By Daniel AbangNo Comments

XRP News

Ripple’s Positive Developments Propel XRP Price on a Bullish Path

XRP, the native cryptocurrency of Ripple, is experiencing a remarkable rally in contrast to the broader crypto market's slowdown. Several factors contribute to this surge, primarily stemming from positive developments within Ripple and favourable market conditions. Read Also: Shiba Inu (SHIB) Ignites a Roaring Comeback with 30% Surge: Unprecedented Burn Rate and Shibarium Propel Momentum FTX Bankruptcy Case Boosts Ripple's Fortunes: Ripple is set to claim approximately $11 million in the aftermath of the FTX collapse, according to a recent court filing. The claim, filed by Ripple Singapore against Alameda assets, indicates that Ripple will receive a payout from FTX in the event of a distribution. This positive development adds to Ripple's already outstanding year and ...

Google’s AI Predicts Positive Trajectory for XRP in 2024, Anticipating $5 Price Target

24Dec

By Onche Michael ONo Comments

XRP News

Google’s AI Predicts Positive Trajectory for XRP in 2024, Anticipating $5 Price Target

The price movement of XRP, the native currency of the Ripple network, has exhibited the inherent volatility of cryptocurrencies throughout the year. Despite fluctuations, XRP has experienced a 74% increase, aligning with the broader bullish sentiment in the crypto market. While the middle of the year witnessed a notable price spike, the current trend suggests a period of consolidation for the cryptocurrency. A recent analysis by Bard, Google's AI, provides an optimistic outlook for XRP in 2024. Bard considered various parameters, timeframes, and potential threats, projecting that XRP could reach the $1, $3, and $5 price points. These targets represent potential gains of 62%, 380%, and 710%, respectively, from the current price of $0.6144. The AI predicts that XRP may soon achieve the $1...

Bitcoin Veteran Signals Shift: XRP’s Potential Surge Draws Attention

23Dec

By Daniel AbangNo Comments

XRP News

Bitcoin Veteran Signals Shift: XRP’s Potential Surge Draws Attention

In a surprising twist in the world of cryptocurrency, long-time Bitcoin investor Davinci Jeremie has sparked significant speculation by hinting at a possible pivot from Bitcoin to XRP. Renowned for his steadfast commitment to Bitcoin for over a decade, Jeremie has now expressed belief in an imminent upward movement for XRP, fueled by what he deems as potential manipulative pumps aiming for a striking $1.33 target. Read Also: Solana (SOL) Surges to Fourth Place: A Rollercoaster Ride Towards New Heights Jeremie's shift in sentiment regarding XRP is founded on observed patterns within the cryptocurrency. According to him, both news indicators and chart analyses suggest that Ripple's XRP is on the brink of a substantial surge. In his own words, "The news and the charts indicate Ripple [X...

Could Ripple’s Bold Move of Burning Escrowed XRP Funds Ignite a Surge in XRP’s Price?

22Dec

By Onche Michael ONo Comments

XRP News

Could Ripple’s Bold Move of Burning Escrowed XRP Funds Ignite a Surge in XRP’s Price?

In recent discussions within the XRP community, the possibility of Ripple burning its escrowed XRP funds has emerged as a hot topic. Former Ripple Director Matt Hamilton sparked the conversation by proposing a unique approach: disabling the master key on the destination account that typically receives these locked-up funds. According to Hamilton, this method achieves a similar outcome to token burning, rendering the funds inaccessible once released from escrow. Read Also: Shiba Inu Scorches 8.53 Billion SHIB Tokens in Latest Shibarium-Powered Burn, Surpassing 25 Billion in 18 Days Does Ripple Has The Authority To Conduct Burn? However, not everyone in the community is convinced that Ripple has the authority to burn these escrowed funds unilaterally. Crypto analyst Mr Huber contend...

Bitcoin Analyst Muro Signals XRP Uptrend, Records Profitable Trade

22Dec

By CryptolifedigitalNo Comments

XRP News

Bitcoin Analyst Muro Signals XRP Uptrend, Records Profitable Trade

Renowned Bitcoin analyst Muro has recently shifted his focus to XRP, expressing optimism about the digital asset's impending market movement. Muro, who seldom comments on XRP, has highlighted the coin's breakout from a downward trendline, sparking a revived interest in its potential for significant price surges. https://twitter.com/MuroCrypto/status/1737540302481531308 Read Also: Terra Classic (LUNC) Community Rejects USTC Burn Proposal Amid Legal and Technical Concerns Key Points Breakout Triggers Renewed Interest: Muro attributes his renewed interest in XRP to the coin's breakout from a downward trendline last month. This breakout has led the Bitcoin analyst to believe that substantial uptrends may be on the horizon for XRP. Profitable XRP Long Position: In his latest rema...