#continue
🚨 The community also speculates that Gary Gensler’s resignation as SEC Chair could prompt the agency to withdraw its latest appeal in the Ripple case, potentially bringing an end to the six-year legal battlebetween Ripple Labs and the securities watchdog.
Further, rumors that Trump could eliminate all capital taxes on cryptocurrencies issued by U.S. companies, potentially benefiting tokens like XRP, have also fuelled the recent bullish sentiment around the altcoin.
Another stimulus adding fuel to XRP’s price surge is the announcement by Société Générale’s digital asset subsidiary, SG-FORGE, that it will deploy its euro-backed stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger (XRPL) network.
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Ripple prepares for SEC policy shift amid Trump’s pro-crypto agenda
Deviating from the broader trend
XRP’s price rally stands out as it occurred on a day when Bitcoin
BTC
-1.39%
Bitcoin
and other major cryptocurrencies, including
Ethereum ETH
-2.95%
Ethereum
Solana SOL
-3.63%
Solana
, and
BNB
-2.54%
BNB
declined by 4-6% over the past 24 hours.
The drop was driven by profit-taking after several days of growth and was further exacerbated by hawkish remarks from Fed Chair Jerome Powell, which dampened market optimism for imminent rate cuts.
However, with several bullish catalysts at play, traders and analysts anticipate a rally toward the $1 mark. Crypto.news analyst also expect a similar target.
Analyst Dark Defender expects this to happen as early as the end of the week.
According to the analyst, if the seventh-largest altcoin maintainssupport above $0.7496 and secures the $0.76 level, a potential bull flag pattern on the 1-D XRP/USD chart could drive the price to a short-term target of $1.03 by the end of the week.
An even more bullish target was projected by trader BigMike, who observed that the token had broken out of a large symmetrical triangle pattern formed since mid-2020 on the 1-M/USD chart. He predicted that the break above the formation could potentially lead XRP to rally as high as $8 this cycle.
Meanwhile CoinGlass data shows that the open interest in the XRP futures market has also surged from a monthly low of $680 million to over $1.3 billion as of Nov. 15. Such a significant jump in open interest suggests growing trader activity, which could help XRP achieve the bullish targets projected by analysts.
@cryptoopdate
🚨 The community also speculates that Gary Gensler’s resignation as SEC Chair could prompt the agency to withdraw its latest appeal in the Ripple case, potentially bringing an end to the six-year legal battlebetween Ripple Labs and the securities watchdog.
Further, rumors that Trump could eliminate all capital taxes on cryptocurrencies issued by U.S. companies, potentially benefiting tokens like XRP, have also fuelled the recent bullish sentiment around the altcoin.
Another stimulus adding fuel to XRP’s price surge is the announcement by Société Générale’s digital asset subsidiary, SG-FORGE, that it will deploy its euro-backed stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger (XRPL) network.
You might also like:
Ripple prepares for SEC policy shift amid Trump’s pro-crypto agenda
Deviating from the broader trend
XRP’s price rally stands out as it occurred on a day when Bitcoin
BTC
-1.39%
Bitcoin
and other major cryptocurrencies, including
Ethereum ETH
-2.95%
Ethereum
Solana SOL
-3.63%
Solana
, and
BNB
-2.54%
BNB
declined by 4-6% over the past 24 hours.
The drop was driven by profit-taking after several days of growth and was further exacerbated by hawkish remarks from Fed Chair Jerome Powell, which dampened market optimism for imminent rate cuts.
However, with several bullish catalysts at play, traders and analysts anticipate a rally toward the $1 mark. Crypto.news analyst also expect a similar target.
Analyst Dark Defender expects this to happen as early as the end of the week.
According to the analyst, if the seventh-largest altcoin maintainssupport above $0.7496 and secures the $0.76 level, a potential bull flag pattern on the 1-D XRP/USD chart could drive the price to a short-term target of $1.03 by the end of the week.
An even more bullish target was projected by trader BigMike, who observed that the token had broken out of a large symmetrical triangle pattern formed since mid-2020 on the 1-M/USD chart. He predicted that the break above the formation could potentially lead XRP to rally as high as $8 this cycle.
Meanwhile CoinGlass data shows that the open interest in the XRP futures market has also surged from a monthly low of $680 million to over $1.3 billion as of Nov. 15. Such a significant jump in open interest suggests growing trader activity, which could help XRP achieve the bullish targets projected by analysts.
@cryptoopdate
❤1.52K
Did you believe xrp from $0.5 for months
Now $1
I love Xrp
Share this post if you like #Xrp
@cryptoopdate
Now $1
I love Xrp
Share this post if you like #Xrp
@cryptoopdate
❤1.64K🔥60
#Xlm Bought At Bottom 50%+ Profit Since Breakout This Is How We Can Earn Massive Profits With Experience & Patience
❤🔥1.82K
Next will be 5000 stars
After this giveaway
This exercise will be performed every month
Share and enjoy ❤️
After this giveaway
This exercise will be performed every month
Share and enjoy ❤️
🔥1.31K🍾615
Media is too big
VIEW IN TELEGRAM
🚨 LATEST: President-elect Trump has named pro-crypto hedge fund executive Scott Bessent as the next US Treasury Secretary.
In an interview with Fox in July, he said, “Crypto is about freedom and the crypto economy is here to stay…”
In an interview with Fox in July, he said, “Crypto is about freedom and the crypto economy is here to stay…”
❤🔥1.94K
🤔 Ripple's XRP quest for $1.96 strengthened by WisdomTree XRP ETF registration in the US
🛄• Ripple's XRP surged over 7% after WisdomTree registered for XRP ETF in the US, per Eleanor Terret.
📈• XRP could rally toward its April 2021 resistance of $1.96 following open interest growth.
🚧 Ripple's XRP surged over 7% on Monday and aims to stage a rally toward its April 2021 high after WisdomTree registered for an XRP ETF in the US state of Delaware on Monday.
WisdomTree registers XRP ETF as issuers expect lenient regulation with Gensler gone
Global asset manager WisdomTree, with over $113 billion assets under management (AUM), registered for an XRP ETF in the US state of Delaware on Monday, according to Fox Business Eleanor Terret. With the registration confirmed, the company could file an S-1 with the Securities & Exchange Commission (SEC) soon.
The company recently launched its WisdomTree Physical XRP ETP (XRPW) in Europe, offering investors direct spot price exposure.
🛄• Ripple's XRP surged over 7% after WisdomTree registered for XRP ETF in the US, per Eleanor Terret.
📈• XRP could rally toward its April 2021 resistance of $1.96 following open interest growth.
🚧 Ripple's XRP surged over 7% on Monday and aims to stage a rally toward its April 2021 high after WisdomTree registered for an XRP ETF in the US state of Delaware on Monday.
WisdomTree registers XRP ETF as issuers expect lenient regulation with Gensler gone
Global asset manager WisdomTree, with over $113 billion assets under management (AUM), registered for an XRP ETF in the US state of Delaware on Monday, according to Fox Business Eleanor Terret. With the registration confirmed, the company could file an S-1 with the Securities & Exchange Commission (SEC) soon.
The company recently launched its WisdomTree Physical XRP ETP (XRPW) in Europe, offering investors direct spot price exposure.
🔥459👍420
Bitcoin ETFs surge, XRP shows strength as Yeti Ouro emerges as the next viral altcoin
Spot Bitcoin ETFs hit $3.1b in record inflows, XRP surges 32%, and Yeti Ouro emerges as the next big player in P2E gaming.
@cryptoopdate 📈
Spot Bitcoin ETFs hit $3.1b in record inflows, XRP surges 32%, and Yeti Ouro emerges as the next big player in P2E gaming.
@cryptoopdate 📈
😁1
#Eth Breaks 1st Resistance & Seems Like Now Eth Will Easily Break Long Symmetrical Triangle After Successful Breakout Expecting Move Towards 10000$ In Coming Months 🤔