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  • Crypto Analyst Predicts Short-Term XRP Price Rally To $18

    Crypto Analyst Predicts Short-Term XRP Price Rally To $18

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    A crypto analyst has provided some optimism regarding the XRP price as many contemplate whether or not to continue to hold on to their XRP tokens. This comes as the crypto token’s underperformance has been a cause of concern to holders, with talks about a potential manipulation resounding through the community.

    XRP Price To Hit $18 In The Short-Term

    In a post on his X (formerly Twitter) platform, crypto analyst Dark Defender shared an interesting analysis where he noted that XRP could hit $18 soon enough. To back up his prediction, he noted that XRP was retesting the $0.6649. According to him, this level is “not a joke” as it is a very crucial one. An upward trend is expected from that price level based on his assertions. 

    Meanwhile, Dark Defender also shared XRP’s monthly chart in his post. From the chart, he noted that XRP was currently above the price level of $0.6649, which he had earlier referenced. This happening could see XRP move close to $1. On the chart, he highlighted $0.88 and $1.05 as targets that will be “achievable shortly.”

    The rally, however, doesn’t stop there, as the crypto analyst claimed the “5 Wave EW Structure in the Monthly Chart is still in play.” This indicator points to XRP hitting $18.22 in the short mid-term. The journey to $18 isn’t expected to be all smooth, as he mentioned that XRP would face a strong resistance at $1.08. 

    The good news is that once XRP is able to break from that level, “it will be Kaboom,” in the words of Dark Defender. As to how soon XRP could hit $18, the accompanying chart suggests that this could happen between July and October 2024. 

    Token price falls to $0.62 | Source: XRPUSD on Tradingview.com 

    A Growing Frustration In The XRP Community?

    Over the weekend, a pro-XRP crypto influencer, Chloe, released an X post where she voiced her frustration at XRP’s price decline and stated that she had “sold it all.” Before that post suggesting that she had sold her XRP holdings, she had made an earlier post where she seemed very displeased with XRP’s price action. 

    Although Chloe later came out to clarify that she didn’t sell any “single XRP,” her earlier posts exemplify the growing frustration in the XRP community. At the moment, many seem puzzled by XRP’s abysmal price action. One of them is pro-XRP legal expert Bill Morgan, who recently questioned the reason for XRP’s underperformance.

    In an X post, the lawyer stated that XRP has failed to outperform most of the other tokens in the top 10 by market cap despite gaining regulatory clarity. Interestingly, he noted that XRP’s price was higher five years ago than it is now. According to Morgan, there needs to be a better explanation for XRP’s price movement than just “saying it follows the market.”

    Featured image from CoinGape, chart from Tradingview.com

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    Scott Matherson

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  • Why Is XRP Price Up Today? Ripple’s Massive Buyback May Have The Answer

    Why Is XRP Price Up Today? Ripple’s Massive Buyback May Have The Answer

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    XRP is one of the top gainers in the last 24 hours. As to why the crypto token is up, a popular crypto sleuth has some answers, as he recently revealed a significant move made by Ripple. This revelation also has the possibility of ending talks that XRP’s price is being manipulated by Ripple, considering that the crypto firm has so far shown that it has XRP’s best interest at heart.

    Ripple Allegedly Buys Back Around 700 Million XRP

    In a post on his X (formerly Twitter) platform, crypto sleuth Mr. Huber mentioned that Ripple bought back around 700 million XRP from the open market. According to him, Ripple usually does this to keep the XRP markets stable and liquid. This endeavor could explain why the token’s price has suddenly picked up. 

    The XRP price has underperformed in recent times, with many speculating why this could be happening. Some simply stated that the price was manipulated as there was no other logical reason to explain the underperformance, especially considering that other altcoins were enjoying significant gains. 

    However, Mr. Huber had another plausible explanation for this decline as he stated that it could be one of Ripple’s ODL customers selling their XRP tokens on the open market. It had previously been reported that Ripple’s XRP sales to these ODL customers do not impact prices on exchanges. However, it does when these customers, in turn, start to sell these XRP tokens to retail investors. 

    Therefore, noticing the trend of the XRP sales from ODL customers, Ripple could have bought back these XRP tokens in order to stabilize the XRP price. It is worth mentioning that Mr. Huber seems to have reached his conclusion of a massive buyback due to the decline in XRP’s circulating supply. He asserted that Ripple’s holdings are not calculated in the circulating supply. 

    XRP recovers above $0.68 | Source: XRPUSD on Tradingview.com

    XRP Price Underperformance Is Concerning

    Before his revelation about Ripple’s massive buyback, Mr. Huber had raised concern about XRP’s worrisome price action. He noted that the XRP price had “lost literally” all the gains it made against the broader crypto market following Judge Analisa Torres’ ruling. The Judge had ruled that the crypto token wasn’t a security in itself. 

    Many had predicted that this legal clarity was going to help boost XRP’s price, and it actually did in the weeks after the ruling. However, the XRP price has been on a notable decline since posting those gains. It has even become concerning ever since the broader crypto market picked up as many continue to wonder could be the reason for XRP’s rather relatively tepid movement. 

    At the time of writing, XRP is trading at around $0.69, up over 7% in the last 24 hours, according to data from CoinMarketCap. 

    Featured image from Watcher Guru, chart from Tradingview.com

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    Scott Matherson

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  • XRP Price To Go Parabolic? Crypto Analyst Confirms 1000% Golden Cross Has Returned

    XRP Price To Go Parabolic? Crypto Analyst Confirms 1000% Golden Cross Has Returned

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    The XRP price is still underperforming the general crypto market raising concerns among holders. However, it is not all bad for the cryptocurrency which boasts of one of the strongest communities in the sector. As for its price, the optimism toward a recovery remains high as crypto analyst JD has given a rather bullish prediction for the altcoin’s price.

    XRP Price Confirms Golden Cross Fo 1000% Rally

    In his latest analysis of the XRP price, crypto analyst JD has pointed out a bullish formation that could bode very good news for the altcoin. According to him, the cryptocurrency has confirmed a rare Golden Cross on its 4-day chart, and historical performance points to an at least 700% increase following this.

    JD’s chart shows what happened the last two times that the XRP price confirmed such a Golden Cross. The first was back in 2017 when the asset’s price completed the Golden Cross after a four-year trendline breakout. Following this, the XRP price would go on to rise 700% in short succession.

    Source: X

    The next time that the Golden Cross appeared on the chart was back in 2020 just as the bull market was starting. This time around, there was a 1000% surge in the XRP price after this pattern was confirmed, mounting an even bigger rally than the previous occurrence.

    If the XRP price sticks to this historical performance, then there could be an 800% increase, on average, for the price of the coin. However, if it also follows the trend of the most recent surge being higher than the last, the token could be looking at a more than 1000% increase, which would put its price above $6.

    XRP price chart from Tradingview.com

    XRP locks above $0.64 | Source: XRPUSD on Tradingview.com

    Beware The Pullback Before The Rally

    While JD’s analysis paints an incredibly bullish picture for the XRP price, the analyst also warns of a pullback in the price before the rally. Both times that the Golden Cross has appeared, the token’s price has seen a pullback before confirming the breakout.

    In 2017, there was a 64% price correction before the 700% surge. Then again in 2020 when the Golden Cross appeared, there was a 40% price correction before the price rallied 1000%. So it stands to reason that there will be a pullback this time around before a rally begins.

    Currently, XRP bulls seem to be waking up once again after a brief period of consolidation. The price broke out above $0.64 on Thursday, and the bullish trend is expected to continue as Bitcoin and the crypto market recovers.

    Featured image from Watcher Guru, chart from Tradingview.com

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    Scott Matherson

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  • XRP Price: Crypto Analyst Anticipates 65,000% Rally Signal Today

    XRP Price: Crypto Analyst Anticipates 65,000% Rally Signal Today

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    The XRP price has been rather stagnant in recent days. However, this could be about to change according to crypto analyst Jaydee. In a recent technical analysis, Jaydee has highlighted a potential golden cross on the 4-day chart which may be confirmed as soon as today.

    Crucial XRP Price Signal Today?

    The chart presented by Jaydee shows a potential golden cross, a bullish chart pattern that occurs when a shorter-term moving average crosses above a longer-term moving average. The last occurrence of a golden cross was followed by an impressive 650-fold increase in XRP’s price, according to the analyst.

    Jaydee posted on X (formerly Twitter), “XRP – Golden cross on 4-day chart confirming today? Will this help us break the 8 year trendline? Last time it did this, XRP 650x! Although it won’t make the same gains, the gains coming will be LIFE CHANGING for the 5% who take “calculated” profits!”

    XRP price, 4-day chart | Source: X @jaydee_757

    In the history of the XRP price, there have been two occasions in which Jaydee’s golden cross has taken place. The first was in March 2017, which was followed by a massive rally that saw the price rise from below $0.005 to its all-time high of $3.31. The rise represented a price gain of over 65,000%.

    The second time was in December 2020, when the price rose from around $0.17 to as high as $1.95. This represented a price appreciation of an incredible 1,040%. However, the rally came to an abrupt end when it was rejected at Jaydee’s “8-year trend line”.

    How High Can The Price Rise?

    This long-standing resistance level has capped the XRP price growth several times since its inception. Based on the monthly chart, the XRP price has been rejected at the descending trend line a total of 6 times since January 2018.

    This is another similarity to the 65,000% rally which started in March 2017. The chart by Jaydee outlines a notable 4-year trendline breakout that occurred after the Golden Cross appeared. If history repeats, the price could target the upper end of the trendline very soon, if the golden cross is confirmed today.

    Currently, the digital asset’s price is hovering around the $0.63 mark. According to Jaydee, the price could go straight up to the resistance of the descending 8-year trendline. Notably, the XRP price would have to rise to the region around $0.82 to touch the resistance.

    The yellow arrow in Jaydee’s chart shows where the XRP price could move. Even if the crypto analyst does not name a specific target, he indicates with the yellow arrow that XRP could potentially reach over $20 by 2025.

    In response to community member James’ query regarding the possibility of a 650x increase, Jaydee cautiously tempered expectations. While acknowledging the historical bull runs, Jaydee stated, “I wish.. highly doubt it though brotha.”

    At press time, XRP traded at $0.6244.

    XRP price
    XRP price, 1-month chart | Source: XRPUSD on TradingView.com

    Featured image from iStock, chart from TradingView.com

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    Jake Simmons

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  • Analyst sees potential XRP breakout

    Analyst sees potential XRP breakout

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    In his daily YouTube video posted on Dec. 4, the crypto analyst behind the popular CryptoTV channel predicted that several top cryptocurrencies are poised for a major breakout.

    The analyst pointed to recent price action in assets like Bitcoin (BTC), Ethereum (ETH), and XRP as early confirmation that the anticipated rally is underway.

    As you guys can see across the board with these cryptos, we are breaking out.

    Specifically, the analyst believes Bitcoin could continue running higher after two days of closing above what he identifies as a key “ascending fractal” resistance level. However, he cautions that Bitcoin is nearing overbought territory on the relative strength index (RSI).

    Similarly, in the analyst’s view, Ethereum exhibits a bullish setup following two daily closes above a “major price ceiling.” He says he has taken a leveraged long position in Ethereum to capitalize on this move.

    The analyst seems most enthusiastic about the prospects for the XRP token. He highlights how XRP appears to be breaking out from a “bull flag” technical pattern that has preceded major uptrends multiple times over the past year.

    If history repeats, the analyst suggests XRP could ascend to price targets soon. Still, he notes the journey higher may be volatile given XRP’s tendency for “major swings” in price action.

    We are easily expecting prices to hit 70, maybe even 83 cents with ease on XRP. So keep your eyes peeled on this because this is the breakout.

    Overall, the crypto analyst cites improving technical indicators and breaking of key overhead resistance levels as reasons he foresees sustainable uptrends ahead across the crypto market.


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    Adrian Zmudzinski

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  • XRP, BNB Among Altcoins Losing Correlation With Bitcoin: Data

    XRP, BNB Among Altcoins Losing Correlation With Bitcoin: Data

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    Data shows altcoins have been losing correlation with Bitcoin recently, and among them, XRP and BNB have seen particularly pronounced decoupling.

    XRP & BNB Have Seen Largest Drops In 60-Day Correlation To Bitcoin

    As pointed out by an analyst in a post on X, BTC has recently seen a drop in correlation with the altcoins. The “correlation” here refers to an indicator that keeps track of how tied the prices of any two assets are right now.

    When the value of this metric is positive, it means that the given assets respond to moves in each other’s price by moving in the same direction. The closer the indicator’s value is to 100%, the stronger this correlation is.

    On the other hand, negative values imply that there is a negative correlation between the assets, as their prices are moving opposite to each other. In this case, the extreme is -100%, so the more negative the value, the more tight the relationship is.

    The 0% mark represents the point where no correlation exists between the prices, implying that movements in one have no bearing on how the other might perform.

    Now, here is a chart that shows what the 60-day correlation between Bitcoin’s daily log returns and various altcoins looks like right now, as well as how it compared a year back:

    Looks like XRP has seen the strongest decoupling out of these coins | Source: @CryptoBusy on X

    As displayed in the above graph, the 60-day correlation between Bitcoin and XRP appears to have significantly decreased in this period, as it has plunged from nearly 80% to almost 40%. This means that XRP’s price has been moving much more independently of BTC during the past 60 days.

    BNB (BNB), Avalanche (AVAX), and Solana (SOL) have also seen some decoupling from the original cryptocurrency. Still, these alts have seen the indicator decline by much less than XRP has observed.

    Cardano (ADA) and Dogecoin (DOGE) are the altcoins that have observed the least amount of change. However, in the case of the memecoin the correlation was lesser than the other assets to begin with, so even with the small decoupling, its correlation level is still matching that of BNB.

    Generally, correlation is something to watch for whenever an investor is trying to diversify their portfolio, as two assets with significant correlation wouldn’t provide much safety.

    Thus, as XRP is currently the cryptocurrency least correlated with Bitcoin on this list, it might be a better diversification option than coins like Ethereum (ETH) or Polygon (MATIC), which have the 60-day value of the indicator at relatively high levels still.

    XRP Price

    Just a few days back, XRP had revisited the territory above the $0.63 mark, but it wasn’t long before it slipped again and went under the $0.60 level. Since this low, though, the cryptocurrency has seen some recovery, as it has now neared $0.61 once again.

    XRP Price Chart

    XRP seems to have gone through a tumble recently | Source: XRPUSD on TradingView

    Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Kaiko.com

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    Keshav Verma

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  • Ripple (XRP) Tops an Important List on a Popular Exchange

    Ripple (XRP) Tops an Important List on a Popular Exchange

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    TL;DR

    • XRP Leads on Uphold: Ripple’s XRP has become the most traded digital asset on Uphold, surpassing major cryptocurrencies like Bitcoin and Ether, with significant user engagement.
    • Dominance in U.S. Markets: Earlier, XRP emerged as the most traded altcoin on US-based cryptocurrency exchanges, indicating its growing popularity.
    • Ripple-Uphold Partnership: The partnership between Ripple and Uphold has led to promotional activities like increased XRP airdrops and giveaways.

    XRP Surpasses BTC and ETH

    Ripple’s native token – XRP – has been on a significant uptrend this year, with the asset becoming more and more intriguing for investors. Dr Martin Hiesboeck – Head of Research of crypto exchange Uphold – revealed another interesting recent development surrounding the token.

    He disclosed that XRP has been the top traded digital asset on the marketplace for the past week (November 18 – November 25), with almost 75% of users buying amounts of the coin.

    Interestingly, the largest cryptocurrencies by market capitalization – Bitcoin (BTC) and Ether (ETH) – ranked fifth and eighth (respectively). Kaspa (KAS) and Stellar (XLM) are the ones following XRP in the top three positions.

    As CryptoPotato reported, at one point earlier this year, Ripple’s token was the most traded altcoin on US-based cryptocurrency exchanges. Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE) followed in the next spots. 

    Uphold and Ripple

    The blockchain enterprise teamed up with the exchange at the end of October “to underpin and enhance its cross-border payments infrastructure.” Simon McLoughlin – Chief Executive Officer at Uphold – claimed that the partnership illustrates how both firms’ qualities could be combined to “make efficient crypto-to-fiat transfers and bank payouts.”

    Shortly after announcing the collaboration, Uphold doubled the amount of its XRP airdrop, aiming to reach one lucky user last month. Moreover, it introduced a fresh giveaway for November where one fortunate client will receive 50,000 XRP (equaling $32,000 at current rates).

     

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    Dimitar Dzhondzhorov

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  • Whales Move $30 Million Worth Of XRP To Exchanges

    Whales Move $30 Million Worth Of XRP To Exchanges

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    XRP could witness a massive selloff in the coming days, as shown by on-chain transfer data. According to transaction alerts from crypto whale tracker Whale Alerts, two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges Bitso and Bitstamp, prompting investors to ponder the reasons behind the transactions and speculate on possible outcomes.

    Massive transfers by whales can often increase selling pressure if they sell and take profits, which could cascade into the price of the asset, even if only temporary.

    Whale Transfers 50 Million XRP To Exchanges

    XRP has gone through consolidation for the past two weeks in the midst of a market lull. According to Coinmarketcap, the altcoin’s trading volume is also down by 43.59% in the past 24 hours. Before this period however, a whale made a transfer of 50 million XRP worth approximately $31 million to exchanges, prompting investors to wonder if this is a part of the ongoing consolidation and if the transfers are a selloff.

    According to Whale Alerts, a transfer of 25.2 million XRP tokens worth $15.66 million was made to crypto exchange Bitstamp on November 23. Shortly after, 25 million XRP tokens worth $15.55 million were sent to crypto exchange Bitso. Looking into the details of the two transactions on blockchain explorers reveal they were made from the same address “r4wf7e”. 

    Total crypto market cap is currently at $1.4 trillion. Chart: TradingView.com

    A deeper look reveals address “r4wf7e” received 55.87 million tokens from address “rJgpQR” and then went on a spending spree in the hours after. The next few hours would be full of transactions ranging from 20,000 to 25 million XRP tokens to Bitstamp, Bitso, Independent Reserve, and some private addresses. 

    Speculation On Why The Whale Is Moving XRP Now

    The transfers into various exchanges have signaled that the whale intends to sell its holdings. However, there could be other reasons for the transfers, which could just be the whale wants to have their XRP readily available on the exchanges without even selling yet.

    Of course, this is all speculation. There’s no way to know the whale’s exact intentions or how much token they plan to buy or sell, if any. But when amounts this large move onto exchanges, it often signals volatility ahead. 

    On the other hand, data from on-chain analytics platform has shown whales purchased 11 million tokens worth $6.82 million in the just concluded week. The buying spree suggests there could still be a bullish sentiment among some whales.

    XRP is trading at $0.62 at the time of writing. The cryptocurrency crossed over $0.7 again earlier this month but has struggled to continue this momentum. However, according to crypto analyst CryptoInsightUK, the token has a good chance of replicating the 61,000% gain it enjoyed back in 2017 before the SEC lawsuit.

    Another analyst, Edward Farina, predicted Ripple has the potential to replace the current SWIFT system, at which point XRP could surge to $10,000.

    Featured image from Pixabay

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    Scott Matherson

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  • XRP Price Coulds Repeat Legendary 61,000% Surge Like 2017, Analyst Claims

    XRP Price Coulds Repeat Legendary 61,000% Surge Like 2017, Analyst Claims

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    Prominent crypto analyst CryptoInsightUK has given his thoughts on whether or not the XRP price can replicate the notable 61,000% gain it enjoyed back in 2017. Although the analyst sounded uncertain about how things could pan out, he provided insight as to what the future holds for XRP.

    XRP Price Repeating 61,000% Move Will Be Harder

    In a post on his X (formerly Twitter) platform, CryptoInsightUK highlighted how XRP exploded in 2017. The crypto token is said to have seen a 61,000% gain in 280 days. As to whether a repeat can happen, he mentioned that it would be harder as the market cap would have to be huge. He didn’t rule it out, though, as it would be possible with “real-world utility.” 

    The crypto analyst seemed to be more focused on talking about the XRP price potential rather than talking about how high the token could rise. He alluded to the hate that XRP receives and how when people feel such a way, there is probably “value” in that asset. He also highlighted other factors that make the token stand out.

    CryptoInsightUK mentioned that “XRP has had another 3 years of consolidation to most other cryptos.” This places the token on a higher pedestal as it bounded to enjoy greater expansion from a technical analysis angle. 

    The analyst also spoke about how XRP is the only crypto token that has overtaken ETH in market cap on more than one occasion. On one of them, it enjoyed about 20% market share in the total crypto market cap. 

    The crypto analyst was quick to disclaim whether that meant he was suggesting that the XRP price could achieve these feats again. He stated that only time will tell as he wasn’t making any point but only sharing his thoughts. 

    XRP’s Unique Offerings And Positioning

    In his post, CryptoInsightUK also mentioned that “XRP is in a unique position.” He was referring to how XRP “is the only altcoin that has legal clarity.” This clarity comes from Judge Analisa Torres’ ruling that XRP is not a security in itself. That is another factor that he believes makes XRP stand out, considering that the regulatory landscape is only just building up. 

    Ripple’s Chief Legal Officer Stuart Alderoty had previously echoed similar sentiments when he mentioned how Judge Torres’ ruling helped XRP attain a unique status. He specifically mentioned the fact that XRP was now “uniquely classified” as a non-security in the US. The unique status is more significant considering that the US Securities and Exchange Commission (SEC) continue a host of crypto token as securities. 

    Token price reclaims $0.61 | Source: XRPUSD on Tradingview.com 

    Featured image from Bitcoinist, chart from Tradingview.com

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    Scott Matherson

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  • Valour XRP ETP Set To Begin Trading, Can Institutional Inflows Drive Price To $10?

    Valour XRP ETP Set To Begin Trading, Can Institutional Inflows Drive Price To $10?

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    The XRP price may be gearing towards a bullish momentum with the potential release of multiple ETPs and the anticipated launch of Valour’s XRP ETP into the European markets next month. 

    Valour XRP ETP To Enter European Markets

    Valour, a publicly traded company backed by DeFi Technologies, a crypto-based software organization, has announced a new XRP Exchange Traded Product (ETP). In a press release published on Wednesday, DeFi Technologies disclosed the launch of Valour’s XRP ETP in December 2023. 

    A popular YouTuber, Zack Rector has stated in a recent YouTube video that the token is positioned to take advantage of a large flow of liquidity driven by the initiation of multiple XRP ETPs. 

    Including Valour’s ETP, there have been many other ETPs launched by industry-leading crypto companies. 21 Shares, a Swiss financial institution, is one of the prominent companies that issued its XRP ETP (AXRP) in 2019. Since its launch, AXRP has recorded approximately $49 million in assets under its control and the ETP earns a year-to-date return of +69%. 

    Rector disclosed that the growing number of ETPs could trigger significant institutional inflows that could push the adoption of the token and possibly drive its price upwards. Furthermore, the integration of an XRP ETP has the potential to significantly advance the ecosystem by enhancing liquidity and improving accessibility for retail and institutional investors. 

    ETP Influence On The Price

    The announcement of Valour’s XRP ETP comes as a positive development for the community and the broader crypto space. Various crypto investors have expressed their optimism about the significant impacts these ETPs could have on the XRP market.

    Just as the news of Spot Bitcoin ETF applications propelled Bitcoin’s price above $37,000, institutional flows from Valour’s XRP ETP could drive the token’s price to $10. 

    The ETP issued by 21 Shares Ripple is a prime example of how XRP ETPs have performed in the past. After being traded 447 times on the market, this particular ETP generated $5 million in revenue. 

    Valour’s upcoming ETP has become a focal point for investors seeking strategic investment opportunities. Crypto investors are closely monitoring the market to assess the potential gains that may follow the ETP’s debut. 

    The anticipated launch of Ripple’s IPO and the final resolution of the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) are also major events that could help drive the price of the token to higher levels. 

    Token price falls tot $0.619 | Source: XRPUSD On Tradingview.com

    Featured image from Analytics Insight, chart from Tradingview.com

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    Scott Matherson

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  • XRP Bulls Eyeing $40 Price Target, Despite Doubts

    XRP Bulls Eyeing $40 Price Target, Despite Doubts

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    Renowned cryptocurrency analyst Dark Defender, with a substantial following of nearly 100,000 individuals on platform X, has drawn attention to the emergence of a “cup and handle pattern” in the daily time frame of the cryptocurrency XRP.

    Based on his analysis, provided that the token maintains a closing price above the support level of $0.604, XRP has potential for a positive upswing towards the price goals of $1.05 and $1.88.

    Although Dark Defender’s projection has all the bullish elements to give XRP some badly needed boost in price, another analyst’s estimation also provides a great deal of importance.

    XRP Upward Trend And Institutional Investments

    In a world where predictions are often uncertain, the assurance made by prominent cryptocurrency analyst EGRAG provides another straightforward perspective, suggesting that the journey to a $40 XRP might be less complicated than skeptics think.

    The price of XRP remained over the $0.60 threshold during the early hours of Tuesday. The alternative cryptocurrency is currently seeing an upward trend, accompanied by an increase in the amount of capital being invested by institutional investors into XRP funds.

    In recent weeks, there has been a notable trend of significant wallet investors divesting their XRP token holdings, while retail traders have concurrently demonstrated an inclination towards acquiring the altcoin. This phenomenon has contributed to the development of a positive outlook for XRP.

    The price of XRP is currently $0.6105, 1.8% less than it was a day ago. Despite the continued downturn, interest in the asset is increasing; transaction volume has increased by 25% in the past day to around $1.2 billion.

    Total crypto market cap is currently at $1.39 trillion. Chart: TradingView.com

    Implications Of The Ascending Triangle For XRP’s Future

    One of his most recent updates on XRP, where he drew attention to the asset’s moves on the weekly chart, demonstrates his ongoing bullishness. XRP is presently trading inside an ascending triangle that has been there since 2018, according to EGRAG’s chart.

    An ascending triangle is a bullish pattern in technical analysis, formed by a horizontal resistance line and a rising support trendline. It indicates a market where buyers are consistently pushing the price higher against a specific resistance level.

    Traders anticipate a potential upward breakout at the triangle’s apex, signaling a continuation of the existing uptrend. This pattern is often seen as a sign of increasing buying pressure.

    (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

    Featured image from Pexels

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    Christian Encila

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  • How XRP Current Value Signals An Imminent Market Triumph

    How XRP Current Value Signals An Imminent Market Triumph

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    Ben Armstrong, a well-known crypto analyst and YouTuber has recently offered an intriguing perspective on XRP’s current trading value.

    XRP, a token closely watched in the crypto community, particularly after its legal battle with the US Securities and Exchange Commission (SEC), currently trades at around $0.60. While this figure might not represent an all-time high, Armstrong highlights why this price point might be pivotal for XRP.

    The Bigger Picture: Institutional Interest And Market Dynamics

    Armstrong’s analysis begins with the “adamantium” support level of $0.60 for XRP. Drawing an analogy with the fictional character Wolverine, who famously recovers from severe damage, Armstrong sees XRP’s resilience at this price as a sign of robustness.

    Each time XRP’s value dips, it seemingly rebounds from this critical support level, suggesting a strong market faith in the token.

    Armstrong goes beyond price analysis to consider broader market dynamics in his video. He notes that XRP’s previously traded price level of $0.62 has become particularly attractive to institutional and corporate investors.

    Whale transactions involving substantial quantities of XRP have increased significantly, indicating heightened interest from large-scale investors. This trend aligns with a broader global crypto market cap increase, suggesting ample liquidity for significant investments.

    Armstrong also touches upon the strategic aspect of XRP’s price following Ripple’s legal victory over the SEC. He posits that a post-verdict price surge might have limited the token’s accessibility to a broader audience.

    However, the current steadier price range, a retrace of the previously seen $0.72, allows for a more extensive accumulation of XRP, potentially setting the stage for a bigger bull run.

    XRP Latest Price Action

    XRP’s market performance has recently shown a notable decline, with its price falling by over 10% in the past two weeks. At the time of writing, XRP is trading at approximately $0.605, reflecting a 2.3% decrease in the past 24 hours.

    XRP price is moving sideways on the 4-hour chart. Source: XRP/USDT on TradingView.com

    Despite a significant bullish trend earlier this year, where it surged by 70.3% year to date, XRP remains substantially lower, down by 82.20%, from its all-time high of $3.40 in 2018.

    This downward trend extends beyond just XRP’s price. The past two weeks have also decreased the asset’s daily trading volume, descending from highs of around $2.5 billion early last week to roughly $1.1 billion in the past 24 hours.

    This decline in trading volume may signal a decrease in investor interest or market activity surrounding the asset, contributing to its reduced price.

    Moreover, the broader crypto market has seen a mix of volatility and bearish trends, which might influence XRP’s performance. So far, Bitcoin has also declined by 2% in the past 24 hours, resulting in the drawdown of the global crypto market cap of 1.3% over the same period.

    Featured image from Unsplash, Chart from TradingView

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    Samuel Edyme

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  • Double-edged sword: massive gains or collapse for XRP?

    Double-edged sword: massive gains or collapse for XRP?

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    A recent YouTube video by crypto analyst Austin Hilton highlights a potential watershed moment for XRP that could dramatically impact the cryptocurrency’s future.

    The catalyst is the staggering $33 trillion national debt held by the United States government. While a default is unlikely, the compounding debt is likened to a “death spiral scenario.” Analysts have warned this precarious financial position could lead to a collapse of the U.S. monetary system.

    Bitcoin is often viewed as a “flight to quality” asset in times of economic turmoil. Investors fleeing stocks and fiat currencies tend to pour money into scarce digital assets like Bitcoin (BTC) and Ethereum (ETH). As the flagship cryptocurrency, Bitcoin typically benefits first, followed by Ethereum and major altcoins like XRP.

    While a collapse would likely drive investment into cryptocurrencies, Hilton cautions this would have disastrous consequences globally. A failing U.S. economy hurts everyone, but noted investor Ray Dalio has suggested Bitcoin could serve as a haven amid impending economic doom.

    Hilton explains this is a double-edged sword for XRP. A monetary crisis would spur massive inflows and gains, but could also destabilize societies and economies worldwide. Recent inflation has already drained over $2 trillion from the crypto market cap. Further economic deterioration may only exacerbate crypto’s woes.

    Yet if the economy holds, upcoming developments like a spot Bitcoin ETF and the next Bitcoin halving event could also ignite XRP’s price independent of any financial system turmoil. Hilton believes XRP remains undervalued regardless, given the utility of Ripple’s payments network.

    In the near-term, money appears to be cycling back into crypto from stocks. Bitcoin and Ethereum have seen gains, while XRP trades sideways around resistance. As capital returns it flows first into established assets like Bitcoin before trickling down into altcoins.


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    Adrian Zmudzinski

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  • XRP Price Now Enters The DCA Buy Zone: Crypto Analyst

    XRP Price Now Enters The DCA Buy Zone: Crypto Analyst

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    The XRP price has entered what is regarded as the Dollar Cost Averaging (DCA) ranging zone, according to crypto analyst Egrag. While the digital asset’s price oscillates within a critical zone, the analyst maintains a bullish stance on its future trajectory.

    XRP Price Enters DCA Zone

    Egrag stated via a post on X, “XRP Color Code (Update): My Stance Forged in the Fires of Conviction: Let me say it 1 million times that I’m still bullish AF, so ease up on the DMs assuming I’ve switched my stance. Remember, markets move in waves, and I’m here to present the short-term moves because, let’s face it, 80% want to reach Valhalla without dying.”

    The analyst’s latest technical analysis reveals that the previous support level at $0.66 proved to be weaker than anticipated, leading to a shift in the XRP price’s movement into a ranging zone. “$0.66 wasn’t a solid support, as I’ve mentioned before. XRP is in the ‘ranging’ zone, so the DCA opportunity is open,” Egrag stated.

    The analyst’s chart exhibits a descending triangle pattern breaking downwards, indicating potential bearishness in the short term. However, Egrag highlights the importance of the $0.50 mark as a “robust support.” He asserts that the price “won’t dip below $0.50—it’s a pivotal price point.”

    XRP/USD, 1-hour chart | Source: X @egragcrypto

    The above 1-hour chart shows that the price has now been rejected several times at the falling (red) trend line. If this momentum is maintained, XRP could drop further and could find first support near $0.57. If this support also breaks, the $0.51 mark could be the most crucial turning point.

    For Egrag, the zone between $0.5738 and $0.5119 is the “wicking” zone, meaning that the price could swiftly dip into this zone. However, if the price drops below $0.5119, it would enter the “red flag” zone of Egrag’s chart, potentially invalidating the entire prediction.

    XRP/USD, 3-day chart
    XRP/USD, 3-day chart | Source: X @egragcrypto

    The Fibonacci retracement levels on Egrag’s 3-day chart suggest significant resistance and support zones. The 0.236 level at approximately $0.7409 and the 0.382 level at about $0.6432 may act as resistance in a bullish scenario, while the 0.5 level at $0.5738 and the 0.618 level at $0.5119 could provide support if bearish momentum continues.

    Notably, Egrag’s commentary doesn’t shy away from conviction, “XRP is transforming the way value moves in this digital age. So, it’s crucial to understand what you hodl. Otherwise, I might have to break out the block button for those not willing to learn on how markets move and what XRP or XRPL is achieving. I’m staying true to my beliefs, and if that’s not your vibe, it’s cool to step away from following me.”

    Criticism For ‘Stubborn View’

    Despite facing criticism from a user comparing the XRP price performance to that of other cryptocurrencies like Solana (SOL) and Chainlink (LINK), Egrag defended the long-term vision for XRP, highlighting its value proposition. He responded, “Appreciate your input, but I’m not pursuing 300% or 500% gains in projects I lack conviction in. My focus is on generational wealth. Imagine understanding gold will reach $2000, and having the chance to acquire it at $0.5.”

    The critic replied, “XRP holders are not diamond hands.. Just very stubborn people hoping to be able to sell it at the price they bought. Be happy if it reaches 1$ again.” Undeterred, Egrag concluded, “Indeed, TESLA investors weren’t stubborn; they envisioned the future. The same principle applies to FANGMAN companies. Bookmark this: XRP, the first digital asset with regulatory clarity, and anticipate Ripple, as a company, surpassing the collective value of the FANGMAN entities.”

    At press time, XRP traded at $0.6118.

    XRP price
    XRP price drops below $0.62, 1-day chart | Source: XRPUSD on TradingView.com

    Featured image from iStock, chart from TradingView.com

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    Jake Simmons

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  • XRP Turn Around: Price Bounces Back Signaling Upward Trend

    XRP Turn Around: Price Bounces Back Signaling Upward Trend

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    XRP experienced a significant decline over the past week due to unprecedented market whirlwinds. However, the crypto asset has regained bullish momentum from this dip, signaling an upward trajectory.

    XRP Experiences Rebound After Plunge

    XRP daily chart has shown resiliency recently, pulling off a noteworthy rebound following a drop that unnerved traders and investors. The chart shows that the cryptocurrency is speedily recovering from its fall.

    The recent price movement indicates that XRP might be approaching the $0.70 mark. The token’s capacity to stay above the 50-day and 100-day moving averages indicates a bullish outlook for the asset.

    According to the chart, XRP may be ready for a run at the next resistance level, around $0.65, if it can sustain above the $0.60 mark. If the token manages to go past $0.65, the $0.70 mark seems plausible.

    These averages are significant pointers frequently pointing to the market’s long-term prospects. The fact that the price of XRP is rising above these lines indicates that the market is very confident.

    In addition, the digital asset’s RSI has leveled off following a brief excursion into the overbought area. This suggests that the recent price rebound was sustained market interest rather than a fluke. The RSI returns to neutral levels without a notable price decline, sparking possible future growth.

    XRP’s market is on an uptrend; the token seems to have benefited from these positive market emotions by raising its price. The price of XRP is growing and might keep rising, per a crypto analysis by ProSignalsfx on TradingView. 

    Nonetheless, the crypto asset is still relatively down from the $0.75 price mark it experienced on November 13. This was due to a false report shared by an X user about an exchange-traded fund (ETF) filing by BlackRock. However, the crypto experienced a price correction immediately after the report was debunked. 

    The Crypto Asset Is Set To Do Well In The Next Bull Run

    According to crypto influencer BoringSleuth, since XRP has no ties to the Chinese Communist Party (CCP), its price could gain impressively from the bull market. The influencer believes cryptocurrencies not connected with the CCP will benefit from the next bull run.

    “The protocols that weren’t in bed with the CCP will be the benefactors of future bull cycles. A protocol like DAG, which works with the DOD is one example of a well-positioned protocol. XRP is another,” he stated. 

    The crypto asset trades at approximately $0.639, indicating a 1.17% decline in the past 24 hours. Its market capitalization is currently at $34,288,273,612, indicating the same percentage decline in the past 24 hours, according to CoinMarketCap.

    XRP trading at $0.637 on the daily chart | Source: XRPUSDT on Tradingview.com

    Featured image by iShock, chart by Tradingview.com

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    Godspower Owie

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  • XRP mooned and tanked because of a fake BlackRock filing—but it’s still up almost 30% over the last month

    XRP mooned and tanked because of a fake BlackRock filing—but it’s still up almost 30% over the last month

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    One of the oldest cryptocurrencies and one of the largest by market cap, XRP may be considered less mainstream than, say, Bitcoin or even the altcoin Solana, but its dedicated fans, dubbed the XRP Army, fervently advocate for the token—in both good times and bad.

    And on Monday, many of them suffered whiplash.

    A report by The Block of a BlackRock-backed XRP fund triggered a nearly 13% price spike before it was determined to be based on a falsified document. The fake filing, for a supposed “iShares XRP Trust,” was found on Delaware’s state website for listing investment trusts that are incorporated by the state. But, as confirmed by Bloomberg, BlackRock didn’t create the filing, and as of Tuesday it remained unclear how it was created and posted.

    Almost immediately after the news was debunked, XRP shed those gains, and on Tuesday was trading at about 64 cents, down less than 3% over 24 hours, according to CoinGecko.

    It’s the second time in less than a month that a fake announcement, amplified by Crypto Twitter, fueled a massive rally: CoinTelegraph posted an announcement on X, formerly Twitter, claiming that the SEC had approved BlackRock’s application to create a spot Bitcoin ETF. The news was quickly debunked, but it still pushed Bitcoin above the $30,000 mark.

    Each is reminiscent of an instance from 2021 when a fake press release claiming Walmart would begin accepting Litecoin shot the little-known crypto token up 33% before the company cleared things up.

    Despite Monday’s false start, XRP is still up almost 30% over the last 30 days and more than 67% year over year, according to CoinGecko.

    Recent positive news for Ripple, the company associated with the token, has helped lift its price. Earlier this year, the firm notched a victory against the SEC after a judge ruled XRP was not a security in all instances. The SEC later dropped charges it had filed against two Ripple executives, CEO Brad Garlinghouse and executive chairman and cofounder Chris Larsen.

    Any further developments, such as an appeal by either Ripple or the SEC, are likely far away. Crypto-focused attorney Fred Rispoli said in a post on X that a ruling on an appeal would have “no chance” of being approved until 2026.

    Still, some investors are hopeful that a settlement between Ripple and the regulator could come sooner and push XRP’s price up further. Others have speculated that the fake BlackRock filing was merely posted early and it could still materialize, although there is no evidence to support such a claim.

    For now, investors in XRP and other cryptocurrencies alike are closely watching the SEC’s impending approval of a spot Bitcoin ETF, which Bloomberg analysts say has a 90% chance by early January.

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    Marco Quiroz-Gutierrez

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  • XRP shortly pumped 10% following fake BlackRock fund filing

    XRP shortly pumped 10% following fake BlackRock fund filing

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    A fake filing for a BlackRock trust focused on XRP appeared on Delaware’s Division of Corporations.

    Ripple (XRP) price briefly jumped 10% on Nov. 14 after a fake filing for a BlackRock XRP trust appeared on Delaware’s Division of Corporations website.

    A spokesperson for the world’s largest asset manager confirmed to Bloomberg that a filing called the “iShares XRP Trust” registered to BlackRock has nothing to do with the firm.

    However, the filing alone was enough to pump XRP by 10%, sending its price up to $0.73 before it nosedived back to its previous trading level.

    XRP price amid false BlackRock trust filing | Source: CoinGecko

    As of press time, the filing for XRP trust is still available on the Delaware website. Bloomberg Intelligence analyst James Seyffart noted that the fake filing “is not the best look for the crypto industry,” adding that this sort of false activity “definitely hurts the credibility of the good actors in the space.”

    The news surfaced after BlackRock had signaled interest in expanding its cryptocurrency fund offerings with a recent filing that indicates a possible proposal for an Ethereum-based exchange-traded fund (ETF). As crypto.news reported, the asset manager filed last week for an iShares Ethereum (ETH) Trust on the Delaware Department of State’s website.

    This action suggests that BlackRock, which oversees approximately $9 trillion in assets, might propose an Ethereum ETF to the U.S. Securities and Exchange Commission (SEC). However, as of now, no formal proposal has been submitted to the SEC.


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    Denis Omelchenko

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  • Ripple’s XRP to continue bullish momentum, analyst predicts

    Ripple’s XRP to continue bullish momentum, analyst predicts

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    XRP, the cryptocurrency associated with Ripple, has been witnessing an upward price surge and market sentiment.

    So far this month, XRP has risen by over 37%. Analysts are now predicting further increases for the asset in the near term, buoyed by positive developments, including its legal victory against the U.S. Securities and Exchange Commission (SEC).

    XRP price analysis

    Analysts are observing a positive trajectory for XRP, aligning with the broader crypto market trends. The token is aiming to breach the $1 mark in its pursuit of a new all-time high. 

    According to ProSignalsFx, a crypto analyst on TradingView, XRP is currently trading in an uptrend along a rising support line, setting the stage for a potential further upward move. This anticipation rests on the token’s ability to retest the support line, crucial for sustaining the bullish trend.

    Ripple’s XRP Ledger is on the brink of a significant upgrade, backed by an overwhelming 80% consensus among validators. This update aims to address obscured order books and enhance the overall functionality of XRPL. Users with the older Ripple software, like v1.11.0, have been directed to update their system. 

    Supreme Court showdown looms

    Ripple CEO Brad Garlinghouse, recently announced Ripple’s intent to escalate its case against the SEC to the Supreme Court. Garlinghouse revealed that his firm had been offered an out-of-court settlement, which was subsequently withdrawn, a move he perceives as biased. This withdrawal signifies Ripple’s perceived upper hand in the ongoing legal dispute over XRP’s classification as a security.

    Garlinghouse’s stance reflects a belief that Ripple has a strong position, asserting that the SEC should contribute to the resolution rather than antagonize the process.

    XRP price analysis

    Presently, XRP is valued at $0.654, representing an over 35% price surge in the last 30 days, per data from CoinGecko.

    XRP price | Source: CoinGecko

    The cryptocurrency holds a market cap of over $35 billion with a circulating supply of 53 billion XRP. Notably, XRP’s future prospects are interlinked with the wider movements within the crypto market.

    XRP is experiencing positive growth, aligning with the general market trend. However, uncertainties persist, primarily surrounding the outcome of the legal battle with the SEC. 


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    Ogwu Osaemezu Emmanuel

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  • Want To Get Into XRP? Crypto Analyst Reveals The Ideal Price

    Want To Get Into XRP? Crypto Analyst Reveals The Ideal Price

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    As the market continues to rally, many begin to feel that they have missed the chance to get in early on their favorite altcoins, including XRP. However, a prominent crypto analyst has provided hope to those still looking to get in on the token as he talks of the possibility of a correction and the ideal price to accumulate the crypto token. 

    The Right Time To Be A “Buyer”

    In a post shared on his X (formerly Twitter) platform, the CEO and founder of MN Trading, Michaël van de Poppe, acknowledged how the price of XRP has been rallying in recent times. He further went on to hint at the fact that XRP has always corrected whenever it experienced such rallies. The one that he pinpointed was when the token corrected from $0.93 to $0.45 before its resurgence.

    As such, his belief seems to be that the XRP will dip once again. This time, he stated that an ideal time to be a buyer will be if XRP is able to correct to around $0.54. 

    However, many in the XRP community will be hoping that XRP continues to rally from henceforth, especially considering that it just recently hit the $0.7 price mark. The technical and fundamental analysis surrounding the XRP ecosystem seems to be bullish, with many predicting more upward trend from the $0.7 mark.

    In a recent X post, renowned crypto analyst Egrag, who had predicted that a god candle was coming for XRP, mentioned that that XRP just witnessed an “exciting development.” This is because the 21 Exponential Moving Average (EMA) has crossed over the 55 MA. According to him, this “bullish crossover” historically signifies the beginning of “significant price explosions.”

    
Source: X

    To consolidate this development, he stated how XRP closing above the $51.3 billion Fib 0.702 level was critical as it could be the “watershed moment for our victory.”

    XRP Fundamentals Are Also Bullish 

    The Ripple Swell Conference 2023 is currently ongoing, and the event has lived up to the hype following Ripple’s latest announcements. Apart from the rebranding of its payment service as Ripple Payments, the crypto company also announced how its partner Onafriq will begin utilizing its payment service. This move would see Ripple open up the cross-border payments structure across three continents: Africa, Europe, and Australia. 

    The crypto company is also expected to make more announcements before the conference comes to a close on November 9. Ripple isn’t resting on its laurels, as the company feels more confident than ever to keep expanding. By extension, this will increase the utility of the XRP token, which is an important piece in its Ripple Payments service. 

    XRP price chart from Tradingview.com

    Token price readies to retest $0.7 | Source: XRPUSD on Tradingview.com

    Featured image from Decrypt, chart from Tradingview.com

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    Scott Matherson

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  • Swell News: Ripple Unveils XRP Product Rebrand, New Partners

    Swell News: Ripple Unveils XRP Product Rebrand, New Partners

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    The Ripple Swell Conference 2023 has barely started and the first major news has already been released. The fintech company has announced the rebrand of its flagship product RippleNet and the expansion of its partnership with leading payments fintech Onafriq, previously MFS Africa.

    RippleNet Becomes Ripple Payments

    On the first day of the Swell conference, the company announced the transformation of its flagship product, RippleNet, now rebranded as Ripple Payments. This marks a significant shift in the fintech’s strategy to enhance blockchain-enabled cross-border payments and foster enterprise crypto adoption.

    In an official press release, the company highlighted key updates to its rebranded product. The expansion of Ripple’s global network now encompasses more than 70 crypto and traditional payout markets, signifying a broadened scope for enterprise-grade cross-border payment solutions. Furthermore, Ripple has fortified its regulatory compliance with over 30 licenses, including a MAS Major Payments Institution license and Money Transmitter Licenses across the US.

    Monica Long, President at Ripple, emphasized the importance of blockchain and digital currency applications in overcoming the financial industry’s challenges with antiquated technologies. Prior to her speech at the Swell conference, she said, “Crypto utility starts with payments, and for the last decade, Ripple’s focused on key components of infrastructure (liquidity, off ramps, tokenization, custody, & compliance) required for enterprise-grade payments. Today, we’re unveiling an end-to-end solution for just that.”

    Long further elaborated on the evolution of the company’s product offerings, explaining the accessibility and efficiency of their solutions. “This is an evolution of our product, where our customers can tap into crypto utility without having to be an expert in using this technology. A single onboarding experience, with Ripple managing the end-to-end flow to move value at any time, as fast and low-cost as possible.”

    An integral part of the rebranding is the integration with the XRP Ledger’s native decentralized exchange (XRPL DEX), aiming to enhance product performance. This integration is expected to lower the barriers to entering new markets by tapping into global liquidity options, the press release states.

    “Ripple has led the way in addressing key components of crypto financial infrastructure, including liquidity, off ramps, tokenization, custody, and compliance. Bringing these elements together within Ripple Payments for an intuitive end-to-end enterprise experience is the natural next step to make crypto’s benefits accessible for any business,” Long remarked.

    RocketFuel, an early adopter of the new product, lauded the rebranding for its effectiveness in global service delivery. CEO Peter Jensen stated, “Ripple Payments supports our products, allowing us to serve our customers globally in a dramatically more effective way than the legacy financial system.”

    Onafriq Opens Up New Payment Corridors

    Ripple’s partnership with Onafriq, initially announced in November 2022 as an alliance with MFS Africa, has now taken a significant leap forward. This progression is marked by the establishment of three new payment corridors, facilitating streamlined and cost-effective remittance and business payments between Africa and several international markets.

    The updated partnership enables customers of PayAngel in the UK, Pyypl in the GCC, and Zazi Transfer in Australia to make transactions with recipients in 27 countries across Onafriq’s expansive pan-African network.

    Aaron Sears, SVP of Global Customer Success, emphasized the impact of this expansion:

    Connecting our partners PayAngel, Pyppl and Zazi Transfer with Onafriq over Ripple Payments will bring the benefits of faster and more cost-effective cross-border payments to individuals seeking to send money into Africa from around the globe.

    Onafriq aims to tackle the longstanding challenges of cross-border payments, such as extended transfer times and high costs. By addressing these issues, the partnership between both companies aspires to accelerate financial inclusion across Africa, a continent that has seen a rapid rise in mobile money adoption and digital financial services.

    Dare Okoudjou, Founder & CEO of Onafriq, reinforced the strategic importance of this collaboration in advancing their mission. Okoudjou stated, “Our mission is to make borders matter less when it comes to payment within, to, and from Africa. We are advancing this mission through our partnership with Ripple, which is already enabling new types of connections with fintechs such as PayAngel, Pyppl and Zazi Transfer.”

    Remarkably, the significance of this partnership extends beyond the immediate benefits of enhanced payment systems. Onafriq, boasting the largest mobile money footprint across Africa, connects over 500 million mobile wallets in 40 countries and operates across more than 1300 payment corridors on the continent. This comprehensive network makes Onafriq an important player in the field of regional interoperability and cross-border payments.

    At press time, XRP traded at $0.6804.

    XRP price, 1-day chart | Source: XRPUSD on TradingView.com

    Featured image from X, chart from TradingView.com

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    Jake Simmons

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