ReportWire

Tag: Ripple

  • XRP Price Pullback Limited – Bulls Prepare for Next Leg Higher

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    Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

    From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
    As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

    In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

    Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

    Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

    At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

    In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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    Aayush Jindal

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  • RLUSD Yes, XRP No: Why Is This Ripple Partner Choosing Only the Stablecoin?

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    TL;DR

    • One of the first companies aiming to build an XRP strategic reserve has opted to use RLUSD payments for its electric vehicle subsidiary instead of Ripple’s native non-stablecoin token.
    • The firm said the stablecoin option will speed up transactions and reduce costs at the same time.

    VivoPower International PLC announced the move on September 8, indicating that its EV subsidiary – Tembo e-LV – has started to accept payments in Ripple’s stablecoin, RLUSD, which launched less than a year ago.

    Tembo describes itself as a company seeking practical solutions to real-life challenges that affect conventional international wire transfers, which include longer waiting periods and high transaction costs.

    The statement reads that RLUSD will allow for international wire transfers to be completed “almost instantaneously” at a “fraction of the cost” of conventional ones. The stablecoin also provides security to users as it’s pegged 1:1 to the US dollar and is fully backed by greenback deposits, short-term US treasuries, and other cash equivalents.

    According to the announcement, the expected benefits of relying on RLUSD instead of traditional wire transfers will be as follows:

    • Improve Efficiency: Speed up transactions, especially for international customers and partners.
    • Reduce Costs: Lower fees and delays associated with traditional banking channels and fiat currency.
    • Support Innovation: Promote the adoption of enterprise-ready digital assets that meet strict compliance and audit standards.
    • Expand Treasury Options: Broaden the Company’s digital asset and decentralized finance (DeFi) strategy.

    The move, which was also announced on X, led to some questions from users about why the company has opted only for the stablecoin and has left Ripple’s much more popular and bigger in market cap asset – XRP – out of the picture.

    Although the statement doesn’t address this, the most probable reason is likely related to the lack of price fluctuations against traditional options like the USD. Both assets operate as cross-border tokens, but RLUSD maintains its value against the greenback, while XRP can be highly volatile.

    Nevertheless, VivoPower, which said it “is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise,” has already started to accumulate the asset. It made a $30 million purchase earlier this month, and plans to expand that number to $200 million worth of XRP.

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    Jordan Lyanchev

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  • Analyst Forecasts XRP To Stage Amazon-Like Rally To $200

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    XRP has drawn plenty of comparisons over the past few months, but one analyst believes the best way to understand its future is to look at Amazon’s past. Nick Anderson, better known as BULLRUNNERS on the social media platform X, says XRP is going through the same kind of consolidation Amazon faced in 2010, and it still has the potential to rally to $200. The key difference, however, is the patience investors will need before this rally can happen.

    Related Reading

    Amazon’s Breakout Holds The Clues For XRP

    XRP’s price action in the past seven days has been highlighted by a trading range between $2.8 and $2.9. The cryptocurrency now seems stuck within this range, but it has managed to hold above $2.8 for the meantime. Interestingly, Anderson likened this consolidation move to a similar retest of a previous high by the Amazon stock (AMZN) back in 2010. 

    In his post, Anderson highlighted how Amazon stock spent roughly 3,800 days consolidating after the dot-com crash before finally breaking past its previous high and entering a meteoric run. However, before entering into this meteoric run, it consolidated for a few months in 2010 just after breaking above its previous high during the dot-com bubble. 

    According to Anderson, XRP’s current structure is tracing out a massive cup and handle that mirrors this exact Amazon stock setup, with the cryptocurrency now using past highs as support in the same way Amazon did. Just as Amazon transformed once it cleared resistance, Anderson believes XRP could follow a similar breakout trajectory that could eventually push its price above $100, and possibly as high as $200.

    XRPUSD currently trading at $2.8. Chart: TradingView

    Short-Term Expectations Between $5 And $30

    In his assessment, Anderson noted that this predicted rally to $200 might take many years to come to fruition. Comparing today’s price of around $2.80 to Amazon’s $5 launch point before its monumental rally, this would probably be the best time for XRP investors to accumulate for the long term. For younger investors, holding XRP for the next 10 to 15 years could prove transformative, with as little as 10,000 XRP amounting to $1 million in value if the cryptocurrency eventually climbs to $100.

    Despite his long-term forecast, Anderson is more cautious about what XRP might achieve this cycle. He stated that while a push to $100 in the near term would be “absolutely insane”, a more realistic target for this bull run could lie between $5 and $30. After that, he expects another correction to set in before the rally resumes sometime around the end of the decade. 

    Related Reading

    Anderson also left room for a more explosive scenario, noting that XRP could deliver what he called a “giga rally” if liquidity rushes into the market faster than expected. This is based on the growing anticipation around the adoption of ISO 20022 by the US Federal Reserve.

    At the time of writing, XRP is trading at $2.81.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Ripple’s XRP Ledger Just Introduced A Pivotal Update In Its Quest For Dominance

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    New updates have been made to Ripple’s XRP Ledger (XRPL) as the network looks to dominate and gain more traction. This is also a positive for XRP, which serves as the network’s bridge currency. 

    Ripple’s XRP Ledger Gets A New Update

    In an X post, XRP validator Vet revealed that the credentials amendment on the XRP Ledger is now active. He explained that credentials can be applied to attest to compliance requirements, such as KYC and AML, for a user or institution and issued to their decentralized identity. This helps to further build trust in the network.  

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    Vet also noted that the amendment has all been done natively on the XRP Ledger. Notably, this update is part of a larger move to enable compliance amendments on the network. With decentralized identities and credentials implemented, Vet indicated that their next focus is to work on the permissioned domains and permissioned DEX.

    Ripple and other XRP Ledger stakeholders aim to utilize these compliance amendments to attract more institutions to the network, enabling them to adhere to traditional finance (TradFi) standards even on-chain. This also comes as the network aims to become the go-to for tokenization. Ripple recently stated that 10% of global assets will become tokenized by 2030, and is undoubtedly looking to tap into this trillion-dollar market.

    Ripple Engineer Breaks Down Significance Of This Update

    In an X post, Ripple engineer Kenny explained that the credentials update gives developers and businesses a way to handle identity checks and compliance requirements directly on the XRP Ledger. With these, they do not need to approve each account one by one manually.  The Ripple engineer noted that traditionally, verifying user credentials like KYC requires multiple checks across different platforms. 

    Related Reading

    Kenny remarked that this process isn’t only inefficient but also increases privacy risks because sensitive information has to be shared multiple times. As such, this makes the XRP Ledger credentials update vital. The Ripple engineer revealed that this feature enables credentials to be issued, stored, and verified natively on the XRPL. 

    He noted the benefits of how this allows users to prove a required criterion without undergoing repeated verification. Kenny also stated that this will improve the onboard process and enhance security, while maintaining privacy. The Ripple engineer further gave an example of what a typical flow will look like using this credentials feature. 

    A business will define the credentials it requires, such as the KYC, then a trusted issuer creates and signs that credential. The user then accepts and stores these credentials in their XRP Ledger account. That way, the credential is checked on-chain whenever the user interacts with the business.

    At the time of writing, the XRP price is trading at around $2.83, up in the last 24 hours, according to data from CoinMarketCap.

    XRP trading at $2.81 on the 1D chart | Source: XRPUSDT on Tradingview.com

    Featured image from Adobe Stock, chart from Tradingview.com

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    Scott Matherson

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  • XRP Millionaires Dump After Major Accumulation Trend, Will It Be A Red September?

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    XRP’s large holder cohort, specifically addresses holding between 10 million and 100 million XRP, has shifted from accumulation in the second half of August to significant dumping at the start of September. 

    On-chain data from analytics platform Santiment reveals a sharp reversal in holdings, both in terms of circulating supply percentage and the number of coins held by this cohort. This change raises concerns about the sustainability of XRP’s price, which has been facing rejections above $2.8, and whether September could be a bearish month for the token.

    XRP Millionaires Start September With A Selloff

    XRP millionaire wallets, which are addresses holding between 10 million and 100 million XRP coins, aggressively increased their holdings during the second half of August. Based on the current price of XRP, each of these addresses is sitting on $28 million and $280 million worth of XRP, depending on the size of their wallets.

    Related Reading

    Particularly, Santiment’s data shows that the percentage of XRP supply held by these addresses rose from 11.67% on August 16 to 12.19% by the end of the month. In terms of numbers, their stash grew from about 7.5 billion XRP coins to 7.85 billion XRP. This surge in accumulation showed the confidence among large investors, which contributed to XRP successfully holding above the $3 price level throughout the month.

    However, September has opened with an abrupt reversal. On September 1, whale holdings accounted for 12.19% of the circulating supply, but by September 3, that figure had dropped to 11.77%. In coin terms, the balance fell from 7.85 billion XRP to 7.61 billion XRP, wiping out much of the late August accumulation in just a few days.

    Source: Chart from Santiment

    This decline is clearly illustrated in Santiment’s chart below, which shows a synchronized dip in both percentage supply and absolute holdings. This rapid offloading means that these millionaire wallets may be taking profits after August’s rally, and it introduces downside pressure that could have effects on XRP’s price action throughout September.

    Could This Mean A Red September For XRP?

    September has been a mixed month for XRP, with both strong rallies and painful corrections shaping investor sentiment. According to data from CryptoRank, the last time XRP saw a red September was back in 2021, when it fell sharply by 20.1%. Since then, however, XRP has managed to string together three consecutive green Septembers, including a 46.2% increase in September 2022.

    Related Reading

    This track record shows that while September has the potential to bring losses, it has also been highlighted by gains. Although it is too early to declare a repeat scenario of a red September, the sell-off from millionaires at the beginning of September sets a worrying precedent.

    XRP’s price action is already showing signs of strain, with the token repeatedly facing rejections above $2.8 in recent days. If these millionaire wallets continue to offload their holdings, the bullish sentiment surrounding XRP may weaken, which may lead to further declines.

    At the time of writing, XRP is trading at $2.82, up by 0.2% in the past 24 hours.

    XRP
    XRP trading at $2.84 on the 1D chart | Source: XRPUSDT on Tradingview.com

    Featured image from Adobe Stock, chart from Tradingview.com

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    Scott Matherson

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  • VivoPower Unveils $30M XRP Yield Program With Doppler, Plans $200M Expansion

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    Nasdaq-listed VivoPower International has entered the XRP finance sector with a $30 million treasury deployment through Doppler Finance, marking the first phase of a broader $200 million allocation plan.

    The move positions the energy solutions company as one of the first publicly listed firms to adopt an institutional framework for earning yield on XRP reserves.

    Institutional Adoption Gains Momentum

    Announcing the partnership on September 2, Doppler emphasized that the program will focus on qualified custody, segregated accounts, and real-time proof-of-reserves, aiming to standardize risk controls in XRP-based finance.

    The initial phase involves a $30 million deployment, which the company intends to be the first step toward a total allocation of $200 million. This initiative stands out for its institutional-grade design, prioritizing qualified custody, segregated accounts, and Proof-of-Reserves verification over chasing the highest possible returns.

    In a statement, Kevin Chin, VivoPower’s executive chairman and CEO, said the firm views XRP as a “cornerstone treasury asset” and stressed the strategic importance of South Korea, where an estimated 20% of the global XRP supply is held. Doppler, which has a strong presence in the Korean market, will provide the programmable infrastructure for the initiative.

    This development comes at a time when the Ripple ecosystem is gaining momentum. Gemini recently launched a credit card offering rewards in XRP, while industry players continue to discuss the potential for a spot-based exchange-traded fund.

    Furthermore, the XRP Ledger itself is experiencing growth, particularly in the real-world asset (RWA) tokenization sector, where its market valuation has increased significantly, going from about $130 million in June to $320 million by late August per data from RWA.xyz.

    XRP Price Performance

    Looking at the market, XRP is currently trading at $2.84, gaining a modest 1.3% in the last 24 hours after oscillating between $2.77 and $2.86.

    Over the past week, the asset slipped 5.7%, underperforming the broader market’s 0.5% dip. The red also extends to XRP’s one-month performance, where it shed nearly 6% of its price. However, it is still showing a 399% gain year-on-year.

    Technically, XRP remains pressured after falling from its all-time high of $3.65 in mid-July. Analysts previously noted that the token had formed a spinning bottom candlestick pattern, which is often read as a potential reversal after a steep decline.

    Key support has held at $2.7, with resistance levels looming at $2.9 and $3.0. If bulls regain control, a breakout above $3 could set the stage for a test of the $3.6 to $4 zone. However, failure to defend support risks a drop toward $2.5.

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    Wayne Jones

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  • Analyst Says XRP Price Is Set To Hit $4 If It Breaks This Resistance Line

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    The XRP price has been one of the most closely watched cryptocurrencies in the market, and technical analysts are now pointing to a major breakout setup that could send its value to new levels. According to TradingView crypto market analyst HolderStat, XRP is currently consolidating, with a critical resistance line standing between the cryptocurrency and a potential surge toward $4. 

    Daily Chart Signals Consolidation Before Breakout

    On the daily timeframe, HolderStat highlights in his chart analysis on TradingView how XRP has recently completed a breakout from a large triangle formation that developed over several months. This move carried the asset sharply higher, but after reaching its peak, the price entered into a consolidation zone.

    Related Reading

    The analyst’s chart now shows that XRP is trading sideways near $3.20-$3.48, indicating that buyers may be soaking up sell pressure while preparing for the next move. The analysis also identifies $3.48 as the immediate resistance line that traders are closely watching. 

    Source: Chart from HolderStat on Tradingview

    HolderStat predicts that a decisive breakout above this resistance line could pave the way toward higher targets at $3.8 and possibly $4, levels not seen since XRP’s previous ATH rally in the 2018 bull market. On the downside, $3.20 remains the key support level. If XRP fails to hold this line, it could face renewed selling pressure, potentially triggering steeper price corrections. 

    Overall, HolderStat’s chart structure suggests that momentum is building for XRP, with sideways price action viewed as a healthy pause before the next leg. At the time of writing, CoinMarketCap data shows the cryptocurrency trading at $3.00, up 2.79% over the past 24 hours and 3.33% in the last seven days. 

    6H Chart Shows Accumulation With Higher Levels

    In a follow-up analysis, HolderStat shared a 6-hour chart, which shows a similar but more detailed accumulation pattern for XRP. The shorter timeframe reveals that the token has been printing higher lows while consolidating within a channel. This type of market behavior often indicates that bulls may be taking control, as bearish pressure subsides. 

    Related Reading

    The analysis also underscores the importance of the $2.70 support level. As long as the XRP price holds this critical zone, HolderStat notes that the bullish structure remains intact, and the price has a strong chance of breaking higher. Building on this momentum, he predicts that a successful move beyond $3.20 – $3.40 on the 6-hour chart would confirm the bullish continuation, reinforcing the outlook presented in the previous daily analysis. 

    The analyst’s findings are further supported by other market watchers. SwallowAcademy, another crypto expert on TradingView, commented that the market appears to be coiling up, with consolidation acting as a springboard for the next potential rally. If momentum picks up, the analyst agrees that XRP could quickly advance toward $3.8 and $4 in the short term.

    XRP
    XRP trading at $3.01 on the 1D chart | Source: XRPUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

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    Scott Matherson

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  • XRP Price Declines Again, Key Support Tested as Risks Increase

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    Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

    From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
    As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

    In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

    Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

    Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

    At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

    In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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    Aayush Jindal

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  • Gemini’s IPO Pursuit: Where Does Ripple Fit In?

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    The prospective public filing of Gemini is now a fact, and the company has secured the backing of the entity behind XRP and RLUSD.

    Going Public on a Loan

    Gemini Space Station, Inc., the corporation behind the Gemini Exchange, founded by the Winklevoss twins, filed an S-1 form with the Securities and Exchange Commission (SEC) on Friday for its long-awaited initial public offering (IPO).

    Within it, it’s disclosed that they have entered into a credit agreement with Ripple, allowing them to make lending requests from time to time, with each one being no less than $5 million, up to the “initial commitment” amount of $75M. This sum may vary slightly, but it will not exceed $150 million, and everything must be secured by collateral.

    If the expenses exceed the initial commitment, further funding, at Ripple’s discretion, can be made possible in the dollar-denominated RLUSD stablecoin. All financing also bears an interest rate of 6.50% or 8.50%, which must be repaid in USD.

    The filing also notes that Gemini has been hemorrhaging funds, with a net loss increase of over 85% for the first half of 2025 compared to the same period last year. These represent the rise from $41.4 million to $282.5M, respectively. The revenue has also taken a hit, with the first half of this year yielding $68.6 million, compared to $74.3M for 2024.

    The enterprise plans to make its public debut on the NASDAQ, with the ticker symbol “GEMI.” If all goes well, it will be the third cryptocurrency exchange to list on American stock markets and indexes, following Coinbase, which also entered the NASDAQ in 2021, and Bullish, which rang the opening bell of the New York Stock Exchange just last week.

    The Exchange Itself

    The Gemini crypto exchange, while still prominent, is not as actively used as other industry peers. According to data from CoinMarketCap at the time of printing, it is ranked 24th in the spot exchange leaderboard and 16th for derivatives.

    CoinGecko has assigned it a Trust score of 9/10, and it has recorded over $220 million in trading activity within the past 24 hours.

    Source: CoinGecko
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    Dimitar Popov

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  • $40 XRP? Analyst Reveals Key Insights Suggesting Uptrend Ahead

    $40 XRP? Analyst Reveals Key Insights Suggesting Uptrend Ahead

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    Este artículo también está disponible en español.

    A crypto market analyst recently released a study that predicts a big rise in the price of XRP. This study fits with the current excitement in the crypto community, especially since Elon Musk made his first public reference to XRP.

    Related Reading

    In a video that went viral on Crypto Twitter, Musk talked about how valuable cryptocurrencies like XRP are. This caused a purchasing frenzy. Musk didn’t fully back XRP, but his comments about how cryptocurrencies can help people’s freedom have made people wonder how this might affect the price of the altcoin.

    XRP’s Role In Global Finance

    It was brought up in the video that Musk was asked if he thought XRP could play a big role in the global financial system, given the SEC’s focus on regulating the cryptocurrency. His answer was simple, but it worked.

    He said that coins like XRP challenge centralized control and support personal freedom, but that was not a call to action. Although it did not express outright support, such statements by Musk have given hope to crypto investors because of the influence he has on the market.

    Crypto analyst Steph’s technological study fits this increasing buzz. Since 2018, he noted a symmetrical triangular pattern developing on the XRP/USD chart that points to a notable breakout perhaps just ahead.

    Musk’s Social Media Impact

    Currently at the top of this triangle, XRP reflects the 2017 situation that resulted in its spectacular surge and all-time high of $3.31. Investors are eagerly observing since Musk’s remarks seem to coincide with this pivotal technical turning point.

    XRP market cap currently at $30 billion. Chart: TradingView.com

    Regulatory hurdles have long been a factor in XRP’s price suppression, Steph notes especially in view of Ripple’s ongoing legal battle with the SEC. Still, he believes the coin may be set to have a major breakthrough—just like it did in 2021 when it outperformed Bitcoin by 460%.

    Even if Musk doesn’t explicitly support the token, his mention of it can boost market sentiment because some speculators think the altcoin is currently more affordable than Bitcoin.

    XRPUSD price action in the last 24 hours. Source: Coinbase

    Upbeat About XRP’s Future

    Essentially, Steph is positive about the future of the altcoin but stresses that what is exciting is the developing relationships Ripple has with huge financial institutions. The implications for this are that when CBDCs are going to be more in demand, XRP will be even more important within the global financial system.

    Related Reading

    More than this, institutional interest in the asset is also depicted through recent registration for XRP-oriented ETFs from Canary Capital and Bitwise. These events with the words of Musk have revived hopes about XRP’s long-term possibilities again.

    Nevertheless, Steph cautions even with the good technical and fundamental signals. While he thinks XRP may probably hit $40, he said that a more realistic target range for it would be $5 to $10. Considering the highly volatile and uncertain market, he advised investors to use their judgment properly.

    Steph underlined the need for strategic and cautious investment in view of the unpredictable character of cryptocurrency markets, even though a new all-time high could be on horizon by the end of 2024.

    Featured image from Trackinsight, chart from TradingView

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    Christian Encila

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  • XRP Price Set To Resume Upside: Is Momentum Building?

    XRP Price Set To Resume Upside: Is Momentum Building?

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    Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

    From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
    As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

    In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

    Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

    Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

    At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

    In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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    Aayush Jindal

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  • Whales Accumulate 40 Million XRP In 48 Hours – Where’s The Price Headed?

    Whales Accumulate 40 Million XRP In 48 Hours – Where’s The Price Headed?

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    Este artículo también está disponible en español.

    Popular crypto analyst Ali Martinez shared data suggesting an interesting accumulation trend among XRP investors despite ongoing price uncertainty. According to Martinez, who referenced data from on-chain analytics platform Santiment, XRP whales have made substantial purchases totaling around 40 million XRP within the last 48 hours.

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    This significant accumulation trend coincides with a rise in large transactions to and from cryptocurrency exchanges, as highlighted by whale transaction tracker Whale Alerts during the same period.

    Whales Buy Millions Of XRP

    In a recent post on social media platform X, Martinez shared a Santiment data chart that illustrates the total holdings of XRP addresses containing between 1 million and 10 million XRP tokens.

    He highlighted that these specific cohorts of traders have collectively acquired approximately 40 million XRP over the past 48 hours, amounting to an investment of around $22 million. While this figure might appear modest in comparison to the more substantial movements typically seen from XRP whales, it marks a significant development as it represents the first notable inflow into these wallets since the beginning of the month.

    The chart shared by Martinez reveals a concerning trend. The total holdings of these whale wallets have been in a steep decline since the start of October. On October 1, the cumulative holdings for this group were recorded at approximately 3.93 billion XRP.

    However, in a matter of days, these wallets experienced a substantial loss of around 130 million XRP, driving their total holdings down to a three-month low of 3.8 billion XRP by October 8. However, recent accumulation by the whale addresses has seen their collective holdings increase to 3.85 billion in the past 24 hours.

    According to data from Whale Alerts, there have been multiple instances of large XRP transactions entering and leaving crypto exchanges in the past 24 hours. The largest transaction occurred with the transfer of 104 million XRP tokens worth $55 million from an unknown wallet into a new unknown wallet.

    XRP is currently trading at $0.53. Chart: TradingView

    Another notable transaction was the transfer of 52 million XRP tokens worth $27.8 million from an unknown wallet into crypto exchange Bybit. A while later, 30 million XRP tokens were transferred from Bybit into another private wallet.

    Is XRP Headed To $0.5 Or $0.6?

    Current price action shows XRP consolidating between an upper range of $0.54 and a lower range of $0.52 within the past seven days. This lack of clear direction suggests low volatility and a lack of interest among crypto traders, as evidenced by a trading volume decline of approximately 30% in the last 24 hours.

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    However, the recent increase in whale holdings could signal a renewed interest among large investors in XRP, hinting at a potential shift in market sentiment as the new week begins. Historically, increases in whale accumulation have often been accompanied by a steady rise in the XRP price. If this trend continues, it could replicate the accumulation seen in September, which propelled XRP to a peak of $0.668.

    Featured image from Pexels, chart from TradingView

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    Scott Matherson

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  • SEC’s Enforcement Chief Exits as Ripple Appeal Looms

    SEC’s Enforcement Chief Exits as Ripple Appeal Looms

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    The U.S. Securities and Exchange Commission’s (SEC) Director of Enforcement, Gurbir Grewal, has announced his resignation, effective October 11, 2024.

    His sudden exit comes at a critical moment for the regulator, as it is filing an appeal in its high-profile case against Ripple.

    Grewal Leaving as SEC Appeals Ripple Decision

    The departure was announced in an October 2 press statement by the agency, with Chair Gary Gensler describing Grewal as an “accomplished public servant.”

    The SEC also named Sanjay Wadhwa, the current Deputy Director and a 21-year stalwart of the Commission, as the interim replacement.

    Sam Waldon, the Enforcement Division’s Chief Counsel, will take up Wadhwa’s position until a substantive replacement can be found.

    With only nine days’ notice, Grewal’s sudden exit has raised eyebrows among legal experts and crypto commentators. Chief among them was prominent crypto lawyer Jake Chervinsky, who took to X to voice his concern about the timing of the director’s leaving. Calling it “not normal.”

    Chervinsky suggested that it could signal the end of the SEC’s “campaign of unlawful harassment and misrepresentation.”

    Grewal reportedly resigned only hours before the SEC filed a notice of appeal in its case against Ripple.

    As Fox reporter Eleanor Terrett noted, the notice does not explicitly state which issues the Commission plans to appeal. It could contest the ruling on Ripple’s programmatic sales of its native XRP token, the amount the company was ordered to pay for breaching the law on institutional sales, or even both.

    Legal Minds React to SEC Appeal

    Regardless of its intentions, the appeal has drawn sharp criticism from other legal experts in the space. In a September 3 post on X, Jeremy Hogan, a lawyer closely following the Ripple case, labeled it a “big mistake.” He suggested the move held more risks than benefits.

    He noted that, statistically, the SEC is more likely to lose the appeal, especially given the “fact-heavy” nature of Judge Torres’ original ruling.

    However, the attorney pointed out that even if the SEC ultimately wins, it would only result in more financial penalties for Ripple without offering additional investor protection.

    He also suggested that the crypto payments company could raise its “Blue Sky” law defense, leveraging state securities laws that predate federal regulations. If successful, Hogan feels the gambit could significantly weaken the SEC’s regulatory powers over the broader crypto market.

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    Wayne Jones

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  • XRP Price Crashes 12% as SEC Appeals in the Ripple Lawsuit

    XRP Price Crashes 12% as SEC Appeals in the Ripple Lawsuit

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    On Oct. 2, the US Securities and Exchange Commission filed a notice of appeal in the Ripple lawsuit seeking to overturn an earlier ruling.

    The agency has appealed a 2023 verdict set by Judge Torres, which ruled that secondary sales of Ripple’s XRP token did not constitute securities sales.

    The judge ruled that XRP failed to satisfy all the conditions for the SEC’s Howey test to be classified as an investment contract.

    The filing was shared by defense lawyer James Filan on X.

    Ripple Fights Back

    Ripple chief legal officer Stuart Alderoty said the appeal was “disappointing, but not surprising.”

    He added that this just prolongs what is “already a complete embarrassment for the agency.”

    “The Court already rejected the SEC’s suggestion that Ripple acted recklessly, and there were no allegations of fraud and, of course, there were no victims or losses.”

    He said that the SEC “continues to engage in litigation warfare against the industry” before adding that the firm is evaluating whether to file a cross-appeal.

    Ripple CEO Brad Garlinghouse also addressed X on Oct. 3, stating that if SEC chair Gary Gensler and the regulator were rational, “they would have moved on from this case long ago.”

    He vowed to continue fighting as long as necessary:

    “While we’ll fight in court for as long as we need, let’s be clear: XRP’s status as a non-security is the law of the land today – and that does not change even in the face of this misguided – and infuriating – appeal.”

    Candidate for Massachusetts Senator John Deaton unleashed a tirade on X, stating that a candidate wouldn’t typically comment on an appeal:

    “However, I’m not your typical candidate and I spent hundreds of pro bono hours and over $75K of my own money, fighting gross overreach and misconduct at the SEC.”

    Almost four years after suing Ripple and making the above ridiculous claims, SEC lawyers apologized (in a different case) for suggesting tokens themselves were securities, he said before adding:

    “Because the SEC is pursuing an anti-crypto agenda, it will now waste more taxpayer money. Gary Gensler is a disgrace.”

    XRP Tanks

    The news has rattled XRP holders who have been aggressively selling the asset, resulting in a 12% slump on the day.

    The asset was trading above $0.60 on Oct. 2 but crashed to bottom out at just below $0.53 during early trading in Asia on Thursday morning.

    XRP is currently at a three-week low and still trading down 84% from its January 2018 all-time high despite recent ETF applications.

    Source: CoinGecko
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    Martin Young

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  • XRP Open Interest Climbs To $1 Billion: What’s Driving Interest In The Token?

    XRP Open Interest Climbs To $1 Billion: What’s Driving Interest In The Token?

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    Este artículo también está disponible en español.

    Ripple’s XRP token amassed close to $1 billion in open interest over the weekend, while its price hovers around $0.61 at press time, data from CoinGlass shows.

    What’s Different About XRP Price Action?

    While the top two cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have been down 1.5% and 2.3% over the past week, XRP has been up 4.1% during the same period. Several factors could explain XRP’s counter-trend price action.

    For example, digital asset manager Grayscale Investments recently launched a closed-end XRP Trust in the US, enabling institutional investors to gain exposure to one of the top ten cryptocurrencies by reported market cap.

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    Grayscale’s Trust surged by more than 11% within a week, hinting at strong institutional demand for the seventh largest crypto-asset. 

    The launch of the Trust has also fuelled speculations about the potential approval of an XRP exchange-traded fund (ETF) shortly. If the US Securities and Exchange Commission (SEC) approves an XRP-based ETF, it would become only the third digital asset with its own ETF.

    Another key development in the Ripple ecosystem is the anticipated launch of its USD-pegged stablecoin, RLUSD. Currently, crypto analysts on X are closely watching the stablecoin in private beta testing on both the XRP and Ethereum networks.

    According to a recent update, 480,000 RLUSD was minted at RLUSD Treasury, signaling active development of the stablecoin before its integration into Ripple’s services, including its cross-border payment products. The stablecoin can also be used in decentralized finance (DeFi) protocols across blockchains.

    Implications Of Rising Open Interest

    Data from CoinGlass indicates that open interest in XRP surged to more $1 billion over the weekend before it tumbled to roughly $945 billion at press time. Spot trading volume in the last 24 hours stands slightly above $2 billion.

    Source: CoinGlass.com

    A rise in open interest typically indicates increased market activity, suggesting that more contracts are being opened. This may signal expectations of a price move in either direction, depending on the prevailing market sentiment. Notably, XRP’s open interest was last recorded around the $1 billion mark in March 2024.

    As for price action, crypto analysts have divided opinions on XRP. Ripple Labs’ recent legal victory over the SEC provided optimism for the altcoin bulls, with one analyst predicting that if the token overcomes key resistance levels, it could surge to between $16 and $20.

    Related Reading

    Meanwhile, another crypto analyst, Carl Runfelt, highlighted a multi-year bullish triangle pattern on the token’s chart. He noted that if XRP breaks the pattern and goes parabolic, it could rise by more than 200% within weeks.

    On the contrary, XRP’s inability to break through the $0.60 resistance level decisively could lead the token to retest the $0.55 support level. XRP trades at $0.61 at press time, down 1.6% in the past 24 hours.

    XRP
    XRP trades at $0.61 on the daily chart | Source: XRPUSDT on TradingView.com

    Featured image from Pixabay, charts from CoinGlass.com and Tradingview.com

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    Ash Tiwari

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  • Ripple (XRP) Price Predictions for ‘Uptober:’ Major Rally or Severe Correction?

    Ripple (XRP) Price Predictions for ‘Uptober:’ Major Rally or Severe Correction?

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    TL;DR

    • Analysts expect a strong rally for XRP in October, with potential new highs.
    • However, overbought RSI signals a risk of short-term correction.

    Bulls Anticipate a Massive Rally

    Ripple’s XRP has experienced enhanced volatility since the start of 2024, witnessing major pumps and significant plunges. In the aftermath, though, its current price is roughly the same as the one witnessed on January 1, trading at around $0.62 (per CoinMarketCap’s data).

    XRP Price
    XRP Price, Source: CoinMarketCap

    Some analysts and proponents of the asset believe October will be highly successful. Their prediction is partially based on the fact that it is usually a bullish month during which many leading cryptocurrencies record substantial gains. As such, it is widely regarded in the community as “Uptober.”

    Not long ago, the popular X user JackTheRippler forecasted that October will be “a life-changing month” for XRP holders. The analyst argued that the asset could reach a new all-time high in the next 30 days, assuming the SEC doesn’t appeal the Ripple case (among other factors).

    The agency has until October 7 to appeal Judge Torres’ decision, which ordered the company to pay a $125 million penalty for violating certain securities laws. Over the past few weeks, there have been increased rumors that the SEC will seek such action. American lawyer Fred Rispoli, for instance, believes the chance for an appeal is 60%.

    Other analysts envisioning a short-term rally for XRP include EGRAG CRYPTO and Dark Defender. The former maintained that the token’s Average Sentiment Oscillator (ASO) recently recorded a bullish cross with the price chart. Historically, such developments have been followed by a huge resurgence in XRP’s valuation. 

    The ASO is a momentum-based technical analysis tool designed to gauge market sentiment by calculating the average percentage of bullish and bearish movements over a certain period.

    For their part, Dark Defender thinks XRP will enter a bull run mode once “eliminating” the important resistance level of $0.6649. Recall that its price surpassed that mark a few days ago before retracing back to $0.62.

    The Bearish Signal

    Despite the optimism shared by the aforementioned analysts, one factor suggests that XRP’s value might plunge soon. This is the Relative Strength Index (RSI), whose ratio briefly soared above 70 in the past few days. 

    Such high readings indicate that the asset is in overbought territory, meaning it could be headed for a correction. Conversely, when the RSI slips below 30, this might signal a buying opportunity. 

     

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    Dimitar Dzhondzhorov

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  • XRP Set To Soar 900% To $31, Analyst Highlights Key Resistance

    XRP Set To Soar 900% To $31, Analyst Highlights Key Resistance

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    XRP aficionados are ecstatic when market analyst EGRAG predicted an 888% increase in the cryptocurrency’s value. This optimism isn’t just wishful thinking; it’s based on trends seen on XRP’s one-month chart that mirror the cryptocurrency’s rapid success in 2017. As XRP struggles to reclaim prior highs, many traders wonder if this is the beginning of another bull run.

    EGRAG’s chart analysis shows that XRP almost touched the red rising support line four times. The pattern is similar to the price movements this currency experienced during the 2017 bull run as XRP popped from a value of $0.003 to a solid $3.31 in January 2018.The repeat of this pattern suggests that XRP may soon embark on a similar course.

    Breaking Through Key Resistance Levels

    But what would make XRP reach such an explosion? According to EGRAG, the first big resistance stands at the all-time high of $3.31. He feels that when this price will be recaptured, it will lay the groundwork for a rally.

    Interestingly, EGRAG implies that just 20% of the gains observed in 2017 could pave the way for a new rise, matching the important Fibonacci extension level of $31.

    If it does break to $31, that will be a reflection of market sentiment at the moment and might even draw more investors in. Statistical data shows that in previous bull runs, price milestones greatly influenced market psychology. In fact, the rise from $0.003 to $3.31 was not only influenced by numbers but also because people saw XRP as something that would revolutionize the entire crypto space.

    XRP Price Forecast

    However, the recent estimates given by CoinCodex add more optimism to this view. The crypto price prediction site anticipated a possible increase in the price of XRP by 19.78% by the end of October 28, 2024, and it could peak high to $0.71033.

    This is because the market sentiment is seen as bullish, with the Fear & Greed Index spotted at 64, representing investor greed. A greed rating sometimes causes a new increase in price, making this a quite attractive opportunity for the potential buyers to take action.

    Throughout the month, XRP has recorded 16 out of 30 days in the green, which translates into a positive rate of 53%. Given that the price volatility is low at 3.73%, the above statistics paint a pretty rosy picture for traders eager to make a profit when there’s a breakout. Optimism is palpable and traders are focusing their hawkish eyes on critical resistance points that will probably act as important hurdles going forward.

    Featured image from Fortune, chart from TradingView

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    Christian Encila

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  • XRP Price Could Soon Surge: Can Bulls Fuel the Rally?

    XRP Price Could Soon Surge: Can Bulls Fuel the Rally?

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    XRP price is attempting an upside break above $0.600. The price is showing positive signs, but a weekly close above $0.600 is needed for a fresh surge.

    • XRP price started another increase toward the $0.6050 zone.
    • The price is now trading above $0.5880 and the 100-hourly Simple Moving Average.
    • There was a break above a key bearish trend line with resistance at $0.590 on the hourly chart of the XRP/USD pair (data source from Kraken).
    • The pair could gain bullish momentum if it clears the $0.5950 and $0.600 resistance levels.

    XRP Price Could Gain Bullish Momentum

    XRP price remained well-supported above $0.5750 and started a fresh increase like Bitcoin and Ethereum. The price was able to clear the $0.580 and $0.5880 resistance levels.

    There was a break above a key bearish trend line with resistance at $0.590 on the hourly chart of the XRP/USD pair. The bulls were able to push the price toward the 50% Fib retracement level of the downward move from the $0.6123 swing high to the $0.5784 high at $0.5950.

    The price is now trading above $0.5880 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5950 level.

    The first major resistance is near the $0.600 level. The next key resistance could be $0.6050 or the 76.4% Fib retracement level of the downward move from the $0.6123 swing high to the $0.5784 high. A clear move above the $0.6050 resistance might send the price toward the $0.6120 resistance. Any more gains might send the price toward the $0.6280 resistance or even $0.6320 in the near term.

    Another Rejection and Drop?

    If XRP fails to clear the $0.600 resistance zone, it could start another decline. Initial support on the downside is near the $0.5880 level and the 100-hourly Simple Moving Average. The next major support is near the $0.580 level.

    If there is a downside break and a close below the $0.580 level, the price might continue to decline toward the $0.5720 support in the near term. The next major support sits at $0.5650.

    Technical Indicators

    Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

    Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

    Major Support Levels – $0.5880 and $0.5720.

    Major Resistance Levels – $0.5950 and $0.6050.

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    Aayush Jindal

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  • Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near?

    Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near?

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    Este artículo también está disponible en español.

    XRP has shown remarkable resilience recently, maintaining its position above a critical support level, though a significant price move still looms. Key data from Santiment reveals that whales are actively accumulating XRP, having purchased over $228 million in the past few days. 

    Related Reading

    This aggressive accumulation suggests a growing confidence among large holders as the market rallies toward higher prices. Analysts and investors closely watch XRP, anticipating a breakout from key supply levels that could trigger a rally to new highs. 

    With bullish sentiment rising, the next few days will be crucial in determining XRP’s price direction and its role in the ongoing market cycle. Will this whale activity lead to a major upward move, or could XRP remain in its current range? Only time will tell, but expectations are high as momentum builds in the broader crypto market.

    XRP Investors Waiting For A Big Move

    The crypto market has seen a significant surge, with Bitcoin and many altcoins posting double-digit percentage gains in recent days. The Federal Reserve’s decision to cut interest rates by 50 basis points sparked this rally, fueling optimism among investors now eyeing the potential start of a new crypto bull run. While investor sentiment for XRP has turned positive, the market has not yet reflected this in the token’s valuation.

    Top analysts and market participants are sharing insights that suggest XRP may be gearing up for a strong performance this cycle. One prominent technical and on-chain analyst, Ali, highlighted compelling data from Santiment, which shows that XRP whales are making substantial moves. 

    XRP whales bought over 380 million XRP in the past 10 days. | Source: Ali on X Santiment Chart

    In the past 10 days, these large holders have purchased over 380 million XRP, valued at approximately $228 million. This marks the highest level of whale accumulation since early August, a bullish signal for XRP. The accumulation of XRP by whales—often considered “smart money”—is a sign of strength and confidence in the token’s future price action. 

    Related Reading

    As the broader market continues to push higher, investors are optimistic that this accumulation could be an early indicator of a major rally for XRP in the coming days. With momentum building, many are positioning for the next big move.

    Price Levels To Watch 

    XRP is currently trading at $0.59 after several days of choppy price action, testing a supply level around this range. While XRP remains above the daily 200 moving average (MA) at $0.549—a sign of long-term strength—it has struggled to close above the $0.60 mark since late August.

    For bulls to trigger a move to new local highs, the price must reclaim the $0.60 level and hold above it. Doing so would set the stage for a challenge to a key liquidity zone around $0.65.

    XRP trading above 1D 200 MA, but struggles to close above $0.60.
    XRP is trading above 1D 200 MA but struggles to close above $0.60. | Source: XRPUSDT chart on TradingView

    The $0.65 price point has served as a significant resistance level, unbroken since early March. It’s also considered a psychological barrier that, if breached, could drive the price to higher levels rapidly. Investors and analysts are keeping a close watch on this level, as breaking through it would likely bring renewed bullish momentum.

    Related Reading

    However, if the price fails to close above the current price level in the coming days, a pullback toward the daily 200 MA around $0.55 is expected. This would mark a critical test of support, and any breach below this level could signal further downside risk for the token.

    Featured image from Dall-E, chart from TradingView

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    Sebastian Villafuerte

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  • XRP Price To Crash To $0.33 Before Surge To $9 Post-SEC Appeal; Analyst Reveals

    XRP Price To Crash To $0.33 Before Surge To $9 Post-SEC Appeal; Analyst Reveals

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    Este artículo también está disponible en español.

    Earlier in August, the XRP community got some positive news when the court ruled that Ripple Labs should pay a $125 million fine to the United States Securities and Exchange Commission (SEC) for selling unregistered securities. However, the regulator has been unhappy with this decision, leading to an appeal of the court’s decision. Naturally, the appeal has pushed back the finish line for the 4-year battle, but the end could still be very bullish for the XRP price.

    The XRP Crash Before The Surge

    While the SEC and Ripple continue to battle it out in court, a pseudonymous crypto analyst on the TradingView website who goes by the name AnalysisParalysis has shared their expectation for the XRP price. In this case, the crypto analyst expects that the altcoin’s price will rally. But not without first suffering a decline due to the SEC appeal.

    Related Reading

    According to the analyst, the SEC appeal is expected to come sometime before October 6, 2024, during which time they expect the XRP price to struggle. “I believe this will be the catalyst this time around that causes XRP to crash just before its going to go on a massive upward movement,” the analyst said.

    The initial crash here is expected to cross 30%, pushing the price as low as $0.33. However, after this, fireworks are expected to follow as the XRP price begins its uptrend. From here, the altcoin is expected to clear the $1 easily, moving toward new all-time highs in the process.

    As for how high the XRP price could go, the crypto analyst believes that it could rise as high as $8.80. If this happens, it would mean a 2,566% increase from the $0.33 lows expected after the price crash. The analyst speculates that the timeframe for the altcoin’s price to touch this new all-time high is sometime in summer 2025. So, somewhere between June and September 2025.

    The State Of The Ripple Vs. SEC Lawsuit

    Currently, the battle between Ripple and the SEC rages on as the regulator has appealed the court’s decision that secondary programmatic sales of XRP tokens do not count as a securities offering. The outcome of the appeal is still heavily debated but securities lawyer Marc Fagel has offered various possibilities.

    Related Reading

    On an X (formerly Twitter) post, Fagel stated;

    “The Court of Appeals could conclude the district court erred in stating that XRP is not itself a security; and if it is, then the holding on programmatic sales gets reversed. But they could also reverse the programmatic sales without addressing the question of XRP being a security per se (as seems more likely).”

    However, way the appeal does play out, the consensus remains that a final end to the battle between the crypto firm and the regulator would be good for the XRP price. Projections following the outcome have ranged from a price tag of $1 to as high as $100.

    Price maintains uptrend despite market decline | Source: XRPUSDT on Tradingview.com

    Featured image created with Dall.E, chart from Tradingview.com

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    Scott Matherson

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