🔒 #Ripple warns about the dangers of quantum computers for blockchain

Mathematician Massimiliano Sala, in his presentation for the issuer of #XRP, explained that quantum computers could easily solve the problems underlying digital signatures. This poses a threat to the entire concept of blockchain and the reliability of this technology.

Modern computers would take approximately 14 billion years of computations to break a cryptographic key. A quantum computer, which is expected to emerge within the next 10 years, could do this in 8 hours 😨

#CryptoNews

#Analytics #XRP

🕯 Basis:

- Consolidation for #Ripple since April 13
- Formation of cascading levels
- Squeezing towards the sloping support level

📉 Medium-term trade in a Short position

Entry in 3 parts of the working volume:

- 50% of the volume on the break of the 0.4620 level
- 25% of the volume on the break of the 0.4601 level
- 25% of the volume on the break of the 0.4508 level

The goal is to place limit orders to close positions at 0.4386 and below

The main target — 0.4188

⚠️ Stop loss
Return of the price to the 0.4680 level

This is not a trading recommendation

#Analytics #XRP

🔼 Entering a LONG position on #Ripple after breaking through the 0.6146 level

Goals:

📈 Breaking through the main level — 0.6376

Additionally, it should be noted that part of the position should be closed at 0.66.

this is not a trading recommendation

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#Analytics #XRP

🔮 Astrologers have declared a day of analytics — the number of technical analysis posts has doubled

#Ripple is currently showing good metrics for intraday trading. Yesterday, the court ruled not to recognize XRP as a security, which was a long-awaited event for the company and coin holders. Following this, the quotes showed a 30% increase, and the daily trading volume exceeded $2 billion.

📈 Trade:
Accumulation (consolidation) zone at the level of 0.5820-0.6400. It is worth considering the scenario for the continuation of XRP growth (LONG).

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this is not a trading recommendation

🌍 Weekly news #CryptoDigest:

🪙 BTC.D (Bitcoin Dominance over altcoins) — 57.35%
🧭 Fear and Greed Index — 25

🇺🇸 August 15 15:30 USD — Number of initial jobless claims. Forecast — 235k, previous value — 233k

📌 #Matrixport believes that a Bitcoin rally is inevitable after the release of U.S. inflation data

🕯 #Bitcoin is reducing volatility — this year, there have only been 25 days with significant price movement

🔷 Gas fees on the #Ethereum network are at an annual low

🪙 A critical vulnerability in the #Solana network has been fixed

🪙 #Ripple has begun testing its stablecoin — Ripple USD (#RLUSD)

🪙 #BTC reserves on exchanges have reached a 5-year low

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#Opinion

🪙 Analysts from #Bernstein are predicting Bitcoin's value depending on the outcome of the presidential election:

📈 If Donald Trump wins, #Bitcoin could reach $90,000.

📉 If Kamala Harris wins, the price of digital gold could drop to $30,000–$40,000.

At #Ripple, it seems they believe that if Harris wins, #XRP will go against the market trend 🤓

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 58.03%.

🧭 Fear and Greed Index — 48

🇺🇸 17.10 15:30 USD — Initial Jobless Claims. Forecast — 241K. Previous value — 258K

🇺🇸 17.10 18:00 USD — Crude Oil Inventories. Previous value — 3,889M

💵 Co-founder of #Ripple Chris Larsen donated $1 million in #XRP to Kamala Harris.

🕯 The market estimates an 89.5% probability that the US Federal Reserve will cut rates by 25 bps on November 7.

🪙 #BTC last updated its #ATH 214 days ago. The record for the longest gap between Bitcoin’s all-time high price was 230 days, set in 2013.

📈 Funds have resumed accumulating digital gold: on Friday, capital inflows into #ETFs totaled $253.6 million.

🇨🇳 Last Saturday, China once again announced economic stimulus measures, and #Bitcoin responded with a rise.

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#Opinion

📌 #Ripple could surpass #Ethereum

Ben Armstrong, also known as #BitBoy, believes that by next year, the market capitalization of #XRP could overtake #ETH.

📈 Ben supports his position by pointing out that Ripple already held the second position in 2018, and Ethereum may face challenges in reaching a $1 trillion market cap. In this scenario, BitBoy predicts XRP could grow 30-fold, reaching $15.5 per coin.

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