XRP transfer Archives - Cryptolifedigital

XRP Bull Run Predicted: Analyst Charts Path to $5 in 15 Months

23Apr

By OLAJIDE SAMUELNo Comments

XRP News

XRP Bull Run Predicted: Analyst Charts Path to $5 in 15 Months

The XRP community is buzzing with renewed optimism as prominent analyst Ash Crypto joins the chorus predicting a significant price surge for the digital asset. XRP Poised for Breakout? Ash Crypto, a veteran trader since 2014, has outlined a bullish forecast for XRP, targeting a price range of $3 to $5 within the next 12 to 15 months. This prediction has XRP enthusiasts excited, particularly as it could propel the token past its all-time high of $3.84, set in January 2018. Read Also: Cardano on the Rebound: Analyst Predicts $1 Target After ABC Wave Completion https://twitter.com/Ashcryptoreal/status/1780251045882368105?t=LfqkCAmUrwdbPa7eezcMYQ&s=19 The long shadow of the SEC lawsuit is acknowledged as a major factor hindering XRP's growth in the US market and preventing it fr...

XRP Trading Volume Soars, Sparking Price Surge Speculation

9Apr

By CryptolifedigitalNo Comments

XRP News

XRP Trading Volume Soars, Sparking Price Surge Speculation

XRP has witnessed a dramatic rise in trading volume, reaching a staggering $1.87 billion in the last 24 hours, a staggering 99.95% increase. This surge has ignited speculation of a potential price increase for the digital asset. High Volume, Higher Hopes While the current trading volume is impressive, AI platform Evai revealed an even higher peak of $2.15 billion on April 5th, marking a 41.93% jump from the previous day. Many analysts attribute this surge to Ripple's strategic move into the stablecoin market. Read Also: Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens Stablecoin Boost The announcement of a Ripple-backed stablecoin launching on both the XRP Ledger (XRPL) and Ethereum blockchain triggered a temporary price increase for XRP, w...

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

3Apr

By CryptolifedigitalNo Comments

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

2Apr

By Onche Michael ONo Comments

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 ...

18Mar

By OLAJIDE SAMUELNo Comments

XRP News

XRP: Can it Reclaim its Glory Days?

XRP, the cryptocurrency used on Ripple's payment network, has had a bumpy ride. Despite reaching an all-time high of $1.96 in January 2018, it has struggled to regain that level ever since. However, recent developments and predictions suggest a bright future for XRP. Read Also: Shiba Inu (SHIB) Sees Whale Accumulation Amidst Market Downturn Signs of Hope XRP has shown glimpses of its potential, reaching $0.93 in July 2023 after a positive court ruling in the ongoing lawsuit with the SEC. Additionally, Ripple's On-Demand Liquidity (ODL) services and the growing adoption of the XRP Ledger (XRPL) are fueling optimism. Changelly's Price Forecast Changelly, a cryptocurrency exchange, predicts a strong comeback for XRP. They believe XRP will reach $0.98 by the end of 2024, potentially exc...

XRP Struggles Now, But Analysts See Big Future: $500+ Possible?

15Mar

By OLAJIDE SAMUELNo Comments

XRP News

XRP Struggles Now, But Analysts See Big Future: $500+ Possible?

XRP Price Stalls, But Bullish Sentiment Remains While the broader cryptocurrency market experiences a mini-bull run, XRP struggles to recapture and hold the key $0.65 level. Despite this underperformance, many analysts maintain ambitious price targets for XRP, with some predicting it will reach $500 or more. Changelly: XRP Could Hit $500+ by 2040 Changelly, a crypto exchange platform, points to XRP's bullish sentiment despite its recent price woes. They cite the Fear and Greed Index (FGI) at 81 (indicating extreme greed) and a 67% win rate over the past month as signs of optimism. Read Also: XRP Lags Behind Crypto Rally, But Analysts Remain Bullish In the short term, Changelly predicts XRP could reach $0.78 within the next week, but then settle around $0.73 by the end of Mar...

XRP Price Prediction Fails to Materialize: Wall Street Veteran Shannon Thorp Reflects on Missed Forecast

8Mar

By CryptolifedigitalNo Comments

XRP News

XRP Price Prediction Fails to Materialize: Wall Street Veteran Shannon Thorp Reflects on Missed Forecast

Renowned Wall Street veteran Shannon Thorp has publicly acknowledged the expiration of her earlier bullish price projections for XRP, the cryptocurrency associated with Ripple Labs. Thorp's forecast, which had sparked speculation and anticipation within the XRP community, has fallen short of realization, prompting market observers to reevaluate XRP's price dynamics. Read Also: Terra Classic Community Pushes for Revival with Network Upgrade and Token Burn XRP Price Prediction Falls Flat On Friday, March 1, Shannon Thorp took to social media platform X (formerly Twitter) to announce the conclusion of her earlier ambitious forecast for XRP. The Wall Street veteran candidly admitted that her predictions had failed to materialize, describing the outcome as "bittersweet." Thorp's Bold Proj...

XRP Community Divided Over Governance Proposal, but XRPL Ledger Stays Strong

30Jan

By OLAJIDE SAMUELNo Comments

XRP News

XRP Community Divided Over Governance Proposal, but XRPL Ledger Stays Strong

The XRP community finds itself embroiled in a heated debate surrounding a proposed restructuring of the XRPL Foundation (XRPLF) membership and governance procedures. While the details of the proposal remain contentious, some infrastructure providers view it as a potential power grab by Ripple, adding a layer of speculation to the discussion. Read Also: Terra Classic: Can a Fallen Giant Reclaim its Glory? Despite the internal conflict, the XRPL Ledger itself exhibits robust performance. Data reveals 629 active nodes and 132 validators, with the majority running the latest Ripple software. Furthermore, the network boasts impressive metrics – 2,500 new XRP accounts in two days, over 1.4 million successful transactions, and a consistent transaction speed of 44 per second. This con...

XRP Eyes $411: Will History Repeat with a Fourth Triangle Breakout?

21Jan

By OLAJIDE SAMUELNo Comments

XRP News

XRP Eyes $411: Will History Repeat with a Fourth Triangle Breakout?

Crypto analysts are buzzing with predictions of a potential XRP price explosion, fueled by the anticipated breakout of a multi-year symmetrical triangle pattern. One analyst, posting on X, boldly suggests that XRP could skyrocket to a staggering $353 if historical patterns continue to hold. The bullish outlook hinges on the belief that XRP is nearing the final stages of its fourth symmetrical triangle, a technical formation marking periods of consolidation followed by decisive price movements. This anticipation echoes past XRP surges, particularly the legendary 61,000% rally observed in 2017-2018. Read Also: Shiba Inu Finds a Home in India Amidst Regulatory Turmoil: Flitpay Embraces the Meme Coin https://twitter.com/Bitforcoinz/status/1747281174567747646 However, on-chain data ...

Crypto Buzz: XRP Hopes to Rise on ETF Prospect, InQubeta Shines with AI Innovation

11Jan

By Daniel AbangNo Comments

XRP News

Crypto Buzz: XRP Hopes to Rise on ETF Prospect, InQubeta Shines with AI Innovation

The cryptocurrency market is abuzz with speculation about the potential impact of spot Bitcoin ETFs. This has sparked optimism among XRP enthusiasts, who believe the altcoin could benefit from a general upswing in interest. While an XRP-specific ETF is unlikely until legal issues are resolved, the broader market growth spurred by a Bitcoin ETF could indirectly lift XRP's fortunes. However, one expert, WrathofKahneman, predicts volatility due to institutional capital inflows and arbitrage opportunities. Read Also: Terra (LUNA) and Ark Protocol Collaborate to Introduce Interchain NFTs to Cosmos Ecosystem InQubeta: AI Meets NFTs in $8 Million Presale While the NFT space may seem complex, InQubeta offers a novel approach: fractionalized investments in vetted AI startups through NFTs. This...