Index
Indicators
Information about XRP (XRP)
Ripple (XRP) is a cryptocurrency created in 2012 by Ryan Fugger, Jed McCaleb, and Chris Larson. The Ripple project was developed to enable users to use financial institutions, banks, PayPal, and other services at meager costs and lightning-fast processing speed.
Ripple is a distributed peer-to-peer payment system that is open source. Ripple, like Bitcoin, uses blockchain technology to provide secure payment solutions that assist in the settlement of financial transactions between banks at meager costs.
Furthermore, the benefit of Ripple is that transactions are quick and do not require time to authenticate. Simultaneously, the Ripple platform enables users to trade everything from currency to gold to cryptocurrencies.
News
Trump’s relaxation of regulations has triggered a remarkable increase in crypto deal-making, setting the stage for record-breaking valuations. With 88 deals closed this year totaling $8.2 billion, the sector shows a stark contrast to previous performance.
Twenty One Capital is leading a $3.6 billion SPAC merger while Ripple and Kraken follow suit with significant acquisitions worth $1.25 billion and $1.5 billion, respectively, showcasing institutional faith in the industry.
Experts, including Erik Risley, anticipate even more growth in 2025, projecting that the crypto deal-making could exceed the $17 billion mark set in 2021 as confidence in regulatory changes builds.
Economist Steve Hanke criticizes Trump’s tariffs, predicting they will lead to severe economic impacts similar to the Great Depression. He highlights an expected increase in input costs for American businesses by 500 billion USD and warns that the current economic policies mirror those of the early 1930s.
XRP’s current price is 2.19 USD, with a market cap of 128.16 billion USD. While the market sentiment remains cautious, technical indicators suggest a potential bullish breakout if resistance levels are breached, with key support at 2.16 to 2.17 USD.
Paul Atkins recently took over as SEC Chair, promising to clarify regulations for digital assets, end overreach, and protect investors. His appointment has uplifted the crypto market, particularly benefitting XRP, as stakeholders anticipate a more favorable regulatory environment.
With XRP currently priced at 2.19 USD, market sentiment remains cautiously optimistic as consolidation continues. If XRP can break resistance at 2.30 USD, it could surge towards 2.40 to 2.50 USD, although a fall below 2.16 USD might trigger selling pressure.
Solana (SOL) has lost market momentum after encountering resistance at the 200 EMA, indicating a potential decline. Immediate support is seen at 140 USD and 130 USD, with 120 USD as a crucial point to watch.
Bitcoin (BTC) is gaining strength, eyeing a target of 100,000 USD, supported by technical indicators, while XRP is at a pivotal juncture, currently testing resistance at the 100-day EMA, which could dictate its next price movement.
People also own