XRP Ledger Archives - Cryptolifedigital

Mystery Surrounds Sudden Release of Half Billion XRP from Ripple Escrow

13Apr

By OLAJIDE SAMUELNo Comments

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 Faces Potential Supply Shock Amidst Speculation of Token Burn

11Apr

By CryptolifedigitalNo Comments

Ripple News

XRP Faces Potential Supply Shock Amidst Speculation of Token Burn

Crypto expert Zach Rector has ignited discussions within the crypto community by raising the possibility of XRP undergoing a significant supply shock. This speculation stems from the potential occurrence of a massive token burn, which could be imminent. Rector's insights suggest that such a development could have a substantial impact on the value of the XRP token, echoing the observed effects of token burns in the cryptocurrency space. Factors Driving XRP Token Burn Rector's analysis points towards several factors that could contribute to an increase in XRP token burns. Firstly, the creation of XRP bridges, such as the XRPL Coreum Bridge facilitating the bridging of XRP to other ecosystems like Cosmos, could lead to a reduction in XRP's circulating supply. https://twitter.com/Zac...

XRP Underwhelmed in Q1, But Analysts Predict Bullish Run

3Apr

By OLAJIDE SAMUELNo Comments

XRP News

XRP Underwhelmed in Q1, But Analysts Predict Bullish Run

XRP's price action in the first quarter of 2024 fell short of the impressive gains seen by other major cryptocurrencies like Bitcoin and Ethereum. While BTC and ETH soared by 68% and 59% respectively, XRP managed a modest 2.2% increase, leaving investors questioning its future. Read Also: Shiba Inu's Remarkable Fit In Dubai: Details https://twitter.com/egragcrypto/status/1774602695430611089 However, prominent analysts remain optimistic. EGRAG CRYPTO points to a multi-year symmetrical triangle XRP has been trading within since 2018. This pattern suggests a breakout is imminent, with two potential directions. Read Also: Cardano Community Falls for April Fool's Prank, But Elon Musk Joins the Fun with Disney Joke A bearish scenario would see XRP dip to $0.44, while a bullish bre...

XRP Poised for Surge Above $13 on Complex Elliott Wave Pattern, Analyst Claims

28Mar

By OLAJIDE SAMUELNo Comments

XRP News

XRP Poised for Surge Above $13 on Complex Elliott Wave Pattern, Analyst Claims

Chartered market technician Tony Severino predicts a significant price increase for XRP, citing a multi-year Elliott Wave pattern. XRP has remained stagnant at around $0.6 despite a recent market recovery. Severino's analysis uses a monthly chart highlighting a complex structure of Elliott Wave patterns influencing XRP since 2013. The current price action aligns with a specific five-wave pattern initiated in 2013. https://twitter.com/tonythebullBTC/status/1772280761170751653 Read Also: Black Swan Capitalist Co-Founder Urges XRP Holders to Remain Steadfast Amid Calls to Sell XRP's Multi-Year Elliott Wave Journey Wave 1 (Dec 2013): Price rallied to $0.06144 before encountering resistance. Wave 2 (Aug 2014): Price corrected significantly, reaching a low of $0.00478...

XRP Ecosystem Braces for Game-Changing Shift with XLS-30D AMM Amendment

25Jan

By OLAJIDE SAMUELNo Comments

XRP News

XRP Ecosystem Braces for Game-Changing Shift with XLS-30D AMM Amendment

In a groundbreaking development for XRP enthusiasts and proponents of decentralized finance (DeFi), the XRP ecosystem is poised for a significant transformation with the impending implementation of the XLS-30D Automated Market Maker (AMM) Amendment. Spearheaded by Panos Mekras, the founder of Anodos Finance, this initiative has garnered substantial support, with a remarkable 60% of XRP Ledger (XRPL) validators rallying behind the proposal. Read Also: Luna Classic Bites Back: Chapter 11 is NOT the Obituary, It's the Rebirth Anthem! XLS-30D AMM Amendment The XLS-30D AMM Amendment represents a pivotal moment for XRP holders, introducing automated market maker functionality to the XRP Ledger. This revolutionary advancement will seamlessly integrate the ledger with decentralized exchanges,...

XRP Community Ablaze with Speculation as EGRAG CRYPTO Predicts Potential Surge to $220

10Jan

By OLAJIDE SAMUELNo Comments

XRP News

XRP Community Ablaze with Speculation as EGRAG CRYPTO Predicts Potential Surge to $220

In a recent revelation, crypto analyst EGRAG CRYPTO, known for his precise technical analyses, has sent shockwaves through the XRP community with a bold prediction. Drawing an analogy to the explosive energy of a Gamma-Ray Burst (GRB), EGRAG CRYPTO forecasts a potential astronomical leap in XRP's price, reaching as high as $220. Read Also: SEC's Reliance on Terra Case Sparks Debate in Binance and Coinbase Lawsuits https://twitter.com/egragcrypto/status/1744629963905540477?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1744629963905540477%7Ctwgr%5E48c333b64e525acabb635c8f228f9a9ad75b3041%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftimestabloid.com%2Fanalyst-xrp-is-primed-for-39185-rally-to-220-with-gamma-ray-burst%2F The Reason for EGRAG CRYPTO Bullishness towards XRP The basis fo...

XRP’s Soaring Potential: Analyst Predicts Explosive Rise Amid Legal Victories

5Jan

By CryptolifedigitalNo Comments

XRP News

XRP’s Soaring Potential: Analyst Predicts Explosive Rise Amid Legal Victories

Renowned crypto analyst EGRAG CRYPTO has painted a bullish outlook for XRP, suggesting that the cryptocurrency could be on the verge of an explosive surge. The primary driver behind this optimism is attributed to XRP's "unparalleled legal regulatory clarity," stemming from the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC lawsuit, currently in the penalties phase, has seen Ripple secure three consecutive victories, fueling optimism in the XRP community. EGRAG CRYPTO envisions multiple scenarios for XRP's trajectory based on the lowest price of the current cycle, $0.28. XRP's Prediction Read Also: Ethereum Distribution Anticipation Grows as ICE Signals Imminent Launch Scenario A (40x Surge): The analyst predicts a potential 40x surge from $0.28...

Crypto Advisor Nerayoff Optimistic About XRP’s Bull Market Potential

4Jan

By OLAJIDE SAMUELNo Comments

XRP News

Crypto Advisor Nerayoff Optimistic About XRP’s Bull Market Potential

In a recent analysis, prominent crypto advisor Steven Nerayoff expressed optimism about the prospects of XRP in the ongoing bull market, attributing the recent surge to Ripple's legal victory against the United States Securities and Exchange Commission (SEC). According to Nerayoff, the legal clarity provided by the court ruling has alleviated uncertainty, initiating a favourable market trend for XRP. Read Also: Ripple Secures VASP License in Ireland, Expanding Financial Operations Ripple achieved a partial victory against the SEC last year when a federal judge declared that XRP does not qualify as a security, challenging the regulator's claims. Nerayoff contends that the current bull market serves as a catch-up period for XRP, which missed out on the previous market surge due to the ...

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...

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...