#Bonk
Formed Bullish Flag In H4 Timeframe Successful Breakout Can Lead 2x Bullish Wave In Coming Days
Formed Bullish Flag In H4 Timeframe Successful Breakout Can Lead 2x Bullish Wave In Coming Days
XRP steadies above $0.47 as Ripple President breaks silence on Real USD stablecoin
💥 Ripple President Monica Long commented on the upcoming stablecoin Real USD and its impact on XRP.
⛰️ Long said stablecoin and XRP are complementary and additive, addressing the concerns over the RLUSD launch.
🎯 XRP edges higher and holds above $0.47 on Friday.
Ripple (XRP) President Monica Long recently appeared on The Block Podcasts and addressed XRP trader concerns about the stablecoin’s launch. The payment remittance firm’s stablecoin is called Real USD (RLUSD) and is slated for launch in 2024.
Long shared her views on the stablecoin, its role in the ecosystem, the Real World Asset (RWA) narrative, and the institutional pivot on crypto.
Daily digest market movers: Ripple President answers burning questions on Real USD and XRP
Ripple President Monica Long spoke about the firm’s upcoming stablecoin, Real USD, and its relationship with XRP.
In the podcast interview, Long answered questions on the nature of the stablecoin and discussed the RWA narrative and shift in institutional investors and their stance on crypto.
• When asked about RLUSD and its impact on xrp, Long said that the stablecoin “complements” Ripple and it is “additive.”
• Therefore, Ripple’s stablecoin is designed to enhance the cross-border payment remittance narrative and seamless transfers rather than hamper XRP’s utility.
• Long explained that XRP will continue to play central in Ripple’s payment solutions, RLUSD will be introduced to complement the use of the altcoin.
• The last update in the SEC vs. Ripple lawsuit is that the regulator is asking for $102.6 million in fines against Ripple’s proposed $10 million
Technical analysis: XRP could extend losses over the weekend
Ripple has been in a state of decline since March 11. The altcoin is struggling to break past resistance at $0.50 and could extend losses by 5%, dipping to support at $0.4508, the June 7 low
💥 Ripple President Monica Long commented on the upcoming stablecoin Real USD and its impact on XRP.
⛰️ Long said stablecoin and XRP are complementary and additive, addressing the concerns over the RLUSD launch.
🎯 XRP edges higher and holds above $0.47 on Friday.
Ripple (XRP) President Monica Long recently appeared on The Block Podcasts and addressed XRP trader concerns about the stablecoin’s launch. The payment remittance firm’s stablecoin is called Real USD (RLUSD) and is slated for launch in 2024.
Long shared her views on the stablecoin, its role in the ecosystem, the Real World Asset (RWA) narrative, and the institutional pivot on crypto.
Daily digest market movers: Ripple President answers burning questions on Real USD and XRP
Ripple President Monica Long spoke about the firm’s upcoming stablecoin, Real USD, and its relationship with XRP.
In the podcast interview, Long answered questions on the nature of the stablecoin and discussed the RWA narrative and shift in institutional investors and their stance on crypto.
• When asked about RLUSD and its impact on xrp, Long said that the stablecoin “complements” Ripple and it is “additive.”
• Therefore, Ripple’s stablecoin is designed to enhance the cross-border payment remittance narrative and seamless transfers rather than hamper XRP’s utility.
• Long explained that XRP will continue to play central in Ripple’s payment solutions, RLUSD will be introduced to complement the use of the altcoin.
• The last update in the SEC vs. Ripple lawsuit is that the regulator is asking for $102.6 million in fines against Ripple’s proposed $10 million
Technical analysis: XRP could extend losses over the weekend
Ripple has been in a state of decline since March 11. The altcoin is struggling to break past resistance at $0.50 and could extend losses by 5%, dipping to support at $0.4508, the June 7 low
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French Elections Preview: Euro to suffer after the calm, as specter of extremists, uncertainty rise
• The first round of French parliamentary elections is set to trigger high uncertainty.
• Soothing messages from the far right and far left leave the Euro vulnerable to falls.
• Calm may return only after the second round of voting on July 7.
More Meloni, less Truss – that is the notion of markets after the latest debate between the leading candidates in the French parliamentary elections. Fears over a populist policy that would crash Europe's second-largest economy have receded, but that could be disrupted as markets open in Asia on Monday.EUR/USD may suffer.
Here is a preview of the first round of France's parliamentary elections on June 30.
French President Emmanuel Macron shocked the world – including close advisors – by announcing snap elections after suffering a beating in the European Parliament vote. French stocks and the Euro were hit by uncertainty and concern that the far-right Rassemblement National (National Rally) may enact some of its policies. Investors are weary of its leader, Marine Le Pen.
Since Macron's announcement, left-leaning parties provided a surprise of their own, organizing quickly under a new political formation called Nouveau Front Populaire (New Popular Front). The leading force behind the big tent is Jean-Luc Mélenchon, whose policies are seen as even more extreme than those of Le Pen.
• The first round of French parliamentary elections is set to trigger high uncertainty.
• Soothing messages from the far right and far left leave the Euro vulnerable to falls.
• Calm may return only after the second round of voting on July 7.
More Meloni, less Truss – that is the notion of markets after the latest debate between the leading candidates in the French parliamentary elections. Fears over a populist policy that would crash Europe's second-largest economy have receded, but that could be disrupted as markets open in Asia on Monday.EUR/USD may suffer.
Here is a preview of the first round of France's parliamentary elections on June 30.
French President Emmanuel Macron shocked the world – including close advisors – by announcing snap elections after suffering a beating in the European Parliament vote. French stocks and the Euro were hit by uncertainty and concern that the far-right Rassemblement National (National Rally) may enact some of its policies. Investors are weary of its leader, Marine Le Pen.
Since Macron's announcement, left-leaning parties provided a surprise of their own, organizing quickly under a new political formation called Nouveau Front Populaire (New Popular Front). The leading force behind the big tent is Jean-Luc Mélenchon, whose policies are seen as even more extreme than those of Le Pen.
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🔥 Ethereum and Polygon dominate crypto’s institutional investments, what that means for traders
💢 Ethereum and Polygon ecosystems host a majority of institutional funds and treasury products, deployed in the past few years.
🅾️ Institutional participation is considered bullish for crypto tokens and the ecosystem, as it drives demand and boosts utility.
🎯 ETH and MATIC prices dropped nearly 4% in the week.
The second largest crypto ecosystem Ethereum (ETH) and scaling protocol Polygon (MATIC) have noted a rise in institutional investment with the recent launches of crypto-related products. The Ethereum and Polygon ecosystems therefore dominate the investing landscape, likely boosting the utility of tokens in the networks.
💢 Ethereum and Polygon ecosystems host a majority of institutional funds and treasury products, deployed in the past few years.
🅾️ Institutional participation is considered bullish for crypto tokens and the ecosystem, as it drives demand and boosts utility.
🎯 ETH and MATIC prices dropped nearly 4% in the week.
The second largest crypto ecosystem Ethereum (ETH) and scaling protocol Polygon (MATIC) have noted a rise in institutional investment with the recent launches of crypto-related products. The Ethereum and Polygon ecosystems therefore dominate the investing landscape, likely boosting the utility of tokens in the networks.
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#Eth
Testing Another Time Resistance Getting Weaker With More Tests Still Expecting Massive Bullish Wave Towards New Yearly High Incase Of Successful Breakout
Testing Another Time Resistance Getting Weaker With More Tests Still Expecting Massive Bullish Wave Towards New Yearly High Incase Of Successful Breakout
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#Avax
Consolidating In Falling Wedge Chart Pattern Seems Like Healthy Correction Has Almost Completed Now Getting Ready For Breakout & Preparing For Bullish Continuation Expecting Move Towards 60-65$ In Case Of Successful Breakout
Consolidating In Falling Wedge Chart Pattern Seems Like Healthy Correction Has Almost Completed Now Getting Ready For Breakout & Preparing For Bullish Continuation Expecting Move Towards 60-65$ In Case Of Successful Breakout
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Message @xrplhq for details
He will learn you through his strategies and more.
Ripple escrow unlocks one billion XRP on Monday as altcoin ranges above $0.47
♨️ Ripple escrow timelock expired on Monday, and one billion XRP tokens were unlocked.
📮 The one billion token unlock is part of Ripple’s unlocks scheduled till January 2025.
📯 XRP hovers around $0.48 on Tuesday, adding more than 1% to its value on the day.
🚀 Ripple (XRP) escrow unlocked 1 billion tokens on Monday as part of the planned unlock until January 2025. XRP hovers around $0.48 early on Tuesday, adding more than 1% to its value on the day.
With no new developments in the SEC vs. Ripple Lawsuit , market participants closely watch escrow unlocks and on-chain metrics to identify where XRP is headed next.
Daily Digest Market Movers: Ripple unlocks 1 billion XRP from escrow, social dominance rises
🎲 As part of scheduled routine unlocks, the escrow timeline for 1 billion XRP tokens expired on Monday, according to Bithomb data.
🔥 The unlock occurred in three tranches of 400 million, 100 million, and 500 million XRP, respectively.
🎯 As seen in previous instances in February and May, the scheduled unlocks do not significantly impact the XRP price.
✅ On-chain data from crypto tracker Santiment shows that social dominance, a metric used to identify the relevance of XRP among traders, hit a three-month peak.
🔆 The rise in social dominance of an asset is associated with increasing mentions on social media and higher demand for XRP among traders.
💥 The chart below shows a spike in social dominance, bringing it above levels previously seen in the last week of March.
♨️ Ripple escrow timelock expired on Monday, and one billion XRP tokens were unlocked.
📮 The one billion token unlock is part of Ripple’s unlocks scheduled till January 2025.
📯 XRP hovers around $0.48 on Tuesday, adding more than 1% to its value on the day.
🚀 Ripple (XRP) escrow unlocked 1 billion tokens on Monday as part of the planned unlock until January 2025. XRP hovers around $0.48 early on Tuesday, adding more than 1% to its value on the day.
With no new developments in the SEC vs. Ripple Lawsuit , market participants closely watch escrow unlocks and on-chain metrics to identify where XRP is headed next.
Daily Digest Market Movers: Ripple unlocks 1 billion XRP from escrow, social dominance rises
🎲 As part of scheduled routine unlocks, the escrow timeline for 1 billion XRP tokens expired on Monday, according to Bithomb data.
🔥 The unlock occurred in three tranches of 400 million, 100 million, and 500 million XRP, respectively.
🎯 As seen in previous instances in February and May, the scheduled unlocks do not significantly impact the XRP price.
✅ On-chain data from crypto tracker Santiment shows that social dominance, a metric used to identify the relevance of XRP among traders, hit a three-month peak.
🔆 The rise in social dominance of an asset is associated with increasing mentions on social media and higher demand for XRP among traders.
💥 The chart below shows a spike in social dominance, bringing it above levels previously seen in the last week of March.
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