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Tag: XRP holders

XRP Price Slumps Despite Speculation of Ripple IPO
Ripple News

XRP Price Slumps Despite Speculation of Ripple IPO

Discussions surrounding a potential Ripple IPO have faded as the crypto community grapples with XRP's underperformance during the recent market bull run. While the broader market is experiencing a correction, XRP has been hit particularly hard, dropping over 8% in the past 24 hours and falling below the crucial $0.50 support level. Read Also: K9 Finance Community Backs Key Proposals, Boosting Shibarium Integration Ripple IPO: A Distant Hope? The prospect of a Ripple IPO has been a source of speculation for some time. While Ripple itself hasn't confirmed a timeline, CEO Brad Garlinghouse hasn't ruled it out. Industry experts have weighed in, with some predicting a high likelihood of Ripple going public. Analyst Linda Jones, for example, believes there's a 98% chance based on research b...
XRP Weathers Market Storm, Analyst Maintains Bullish Outlook
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...
XRP DeFi Heats Up: Locked Tokens and AMM Pool Growth Signal Progress
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...
XRP: Analysts Predict Double-Digit Price Surge, With Some Eyeing a Whopping $1,000
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...
Ripple (XRP) Slumps Alongside Market, But Bullish Analyst Foresees 1000%-3000% Gains
XRP News

Ripple (XRP) Slumps Alongside Market, But Bullish Analyst Foresees 1000%-3000% Gains

The cryptocurrency market has experienced a significant downturn in the past few days, with Bitcoin (BTC) and Ethereum (ETH) leading the decline with double-digit losses. XRP, a major player in the top ten cryptocurrencies, has been particularly hard hit. As of press time, XRP is trading around $0.51, reflecting a 33.3% drop from its recent peak of $0.72 on March 11th. This decline mirrors the broader market correction attributed to rising geopolitical tensions and macroeconomic factors like inflation. Read Also: XRP Performance Against Bitcoin Raises Concerns Among Investors Despite the current slump, popular crypto analyst EGRAG CRYPTO remains bullish on XRP's future. EGRAG predicts significant gains for XRP, ranging from a staggering 1000% to a phenomenal 3000% increase. Chart An...
Mystery Surrounds Sudden Release of Half Billion XRP from Ripple Escrow
Ripple News

Mystery Surrounds Sudden Release of Half Billion XRP from Ripple Escrow

The XRP community is abuzz with speculation after a surprise movement of 500 million XRP tokens from Ripple escrow accounts. This sudden release, deviating from the usual monthly schedule, has left many questioning Ripple's motives and its potential impact on the XRP market. Large, Unexpected Transfer Raises Questions Data from Whale Alert reveals two separate transactions totalling 500 million XRP, valued at roughly $306.5 million. This breaks the pattern of Ripple's standard practice of releasing XRP every month. The origin of the tokens adds another layer of intrigue. https://twitter.com/whale_alert/status/1778650667122307122?t=RSUyR-1MextzE3M7NX_liw&s=19 While the address used for the transfer has been linked to Ripple since 2017, public records show it has been dormant sin...
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...