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Whale Dumps Over 25 Mln XRP Amid A Price Slump XRP Price: The XRP cryptocurrency gains significant traction within crypto markets as it recently witnessed an increase in whale activity. XRP, a Ripple Labs-backed cryptocurrency, is once again creating a buzz within the world of cryptocurrencies as it witnessed significant whale activity as of today, November 27. According to recent market data orbiting around the Ripple-backed cryptocurrency, an XRP whale transferred colossal amounts of XRP to a centralized exchange. Furthermore, the same whale has been observed transferring millions of XRP to CEXs in a series of transactions over the past few days. Subsequently, the XRP price also witnessed a marginal plunge over the past day as of writing. XRP Whale Activity Report For Today As per the data provided by Whale Alert, a blockchain tracking platform, an unknown wallet, 4wf7enWPx…5XgwHh4Rzn, transferred 25.5 million XRP to Bitstamp, a Luxembourg City-based digital asset exchange today. The amount of tokens transferred to Bitstamp totaled $15.72 million at the time of writing. As reported by CoinGape media earlier, the same whale has amassed substantial attention within the cryptocurrency realm as it transferred millions of XRP to exchanges over the past few days. Furthermore, the dumping of massive amounts of XRP to Bitstamp appears to come concurrent with the recent price fall witnessed by the token. The dumping of tokens to exchanges usually portrays a possible increase in supply, resulting in reduced demand for the cryptocurrency. XRP Price Evaluation At the time of writing, the XRP price witnessed a marginal downfall of 1.89% over the past twenty-four hours, reaching $0.6093. Moreover, the token witnessed a 1.69% decrease over the past seven days. However, the twenty-four-hour trading volume saw a notable increase of 128.08%, evaluating $1.30 billion. The mentioned decline in price appears to coincide with a notable increase in whale activity, as substantial amounts of XRP are being dumped onto exchanges. Furthermore, in recent news revolving around the cryptocurrency backed by Ripple Labs, Brad Garlinghouse, the CEO of Ripple, shared his insights in a social media post in response to the comments made by former U.S. Securities and Exchange Commission Chair Jay Clayton about cryptocurrency regulation. Garlinghouse’s reaction was prompted by Clayton’s recent supportive remarks toward cryptocurrency entrepreneurs during a Council on Foreign Relations event.
by DEXWireNews
Exciting Opportunity: XRP's Recent Falling Wedge Signals a BulliI wanted to reach out and share some fantastic news about XRP, as it has recently formed a falling wedge pattern that indicates a potential bullish breakout in the near future. This is definitely a moment to pay attention to! For those who may not be familiar with technical analysis, a falling wedge is a bullish chart pattern characterized by converging trendlines that slope downwards. It typically represents a period of consolidation before a significant upward move. And guess what? XRP has been forming a beautiful falling wedge pattern, setting the stage for a potential breakout to the upside! Now, I understand that investing involves risks, but the current market conditions and XRP's technical setup make it an incredibly enticing opportunity for those looking to go long on XRP. The falling wedge pattern suggests that the price of XRP is likely to experience a strong upward movement, possibly leading to substantial gains for investors who position themselves accordingly. So, why should you consider going long on XRP? Here are a few compelling reasons: 1. Technical Indicators: Traders and analysts widely recognize The falling wedge pattern as a bullish signal. It serves as a strong indication that XRP's price is likely to reverse its downward trend and embark on a significant upward trajectory. 2. Ripple's Expanding Ecosystem: XRP's underlying technology, RippleNet, continues to gain traction and adoption across the globe. Ripple's partnerships with major financial institutions and banks indicate a growing demand for XRP as a bridge currency for cross-border transactions. 3. Market Sentiment: With the overall market sentimenat turning increasingly positive, XRP stands to benefit from the broader cryptocurrency market's recovery. As investor confidence grows, XRP's potential for substantial gains becomes even more promising. Now, I don't want you to miss this exciting opportunity! It's time to take action and consider going long on XRP. Investing always carries risks, so it's crucial to do your own research and seek professional advice if needed. However, with XRP's falling wedge pattern and the positive factors mentioned above, the potential rewards could be well worth it!
BITSTAMP:XRPUSD
by bryandowningqln
1
XRPUSDTXRPUSDT At the time of writing this post, the price is at the level of 0.57 and is trying to break through the key resistance at the level of 0.58. If buyers take the initiative and are able to push the price higher, we will see a likely breakdown of this resistance (red line). If after breaking through we are able to gain a foothold above the level of 0.58, then we will very likely see further growth. In this case, our targets will be the blue lines: 0.6806 - 0.7314 - 0.8388. In case of any significant updates, we will update the idea. Don't forget to show your support by like(rocket) and comment✅ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
BITSTAMP:XRPUSD
by Andrey_Crypto
4
XRP price increase will shock people in the coming months!Less than 1/2500th of 1% of the global population is aware of what is about to happen to the global economic system. The new digital system is virtually unknown by the vast majority of people on earth, and very few of those 'in the know' are even aware of just how incredible the next 7 to 10 years are going to be for the right digital assets. XRP will be the king of the digital-asset-space bar none! And even many people who hold XRP now will be picking their jaws up off of the floor when they see what is about to happen to the price in the short, and long term! XRP holders - hold on tight!
BITSTAMP:XRPUSDLong
by MetaShackle
Ripple Aims for Dominance in $300 Trillion Cross-Border PaymentsRipple's XRP-powered solutions are set to revolutionize cross-border payments by 2030, offering efficiency and transparency. Ripple is making significant strides in the cross-border payment sector, with its XRP-powered solutions aiming to transform the colossal $300 trillion market by 2030. Pegah Soltani, Ripple’s Head of Payments Product, spearheads this ambitious initiative, focusing on leveraging blockchain technology and the XRP digital asset to revolutionize international financial transactions. Revolutionizing International Transactions Ripple’s strategy involves simplifying the complex global payment network. The company aims to introduce more efficient, cost-effective, and transparent cross-border transfer methods. This approach aligns with market predictions, indicating a potential surge in the value of Ripple’s XRP. Analysts forecast an increase of up to 5,000%, possibly driving its price over $25. Ripple’s Transaction Mechanisms A key component of Ripple’s strategy is the XRP-Xahau Burn2Mint (B2M) feature. This innovative mechanism enables the conversion of XRP tokens into XAH, Xahau’s native token. This process enhances transaction security and integrates seamlessly with decentralized networks, thus bolstering the XRPL ecosystem’s functionality and security. Enhancing Cross-Border Payment Efficiency Ripple aims to address perennial issues in the cross-border payment arena, such as slow transaction speeds, high fees, and frequent processing errors. By utilizing Ripple Payments service and the efficiency of XRP, the company aspires to transform the way international funds are transferred. This approach promises faster, more affordable, and transparent international transactions. Moreover, the advancements could significantly challenge traditional systems like SWIFT, suggesting a shift towards a more accessible and efficient global financial system. Consequently, Ripple’s journey in the financial sector warrants close attention since it could redefine international finance mechanisms.
Long
by DEXWireNews
Uphold to Facilitate $5B in Ripple Payments, CEO Reveals.In a significant development in the financial technology sector, Simon Mcloughlin, CEO of the American cryptocurrency exchange Uphold, has revealed details of their new partnership with blockchain-based global payments provider Ripple. This collaboration is set to make a substantial impact on the realm of international money transfers. Ripple Payments is designed to streamline cross-border fund transfers for international companies. By leveraging XRP, Ripple’s cryptocurrency, the company aims to tackle the long-standing challenges associated with the global movement of funds. The partnership envisions Uphold as a key player in Ripple’s network, serving as one of its primary liquidity providers. In this role, Uphold will handle cryptocurrency conversion into fiat currency, thus enabling smooth payouts to banks. This functionality is critical in Ripple’s framework, as it allows companies to open Uphold accounts pre-funded with XRP, provided by Ripple, facilitating efficient currency conversions. Mcloughlin emphasized the regulated nature of Uphold’s operations within this ecosystem, initially covering the UK, Europe, and the US, with plans to expand into Brazil. Expecting to lend credibility and stability to the operations, this regulated approach ensures compliance with the financial norms of these regions. Uphold Ripple Partnership Eyes SEED_TVCODER77_ETHBTCDATA:5B Volume Mcloughlin addressed the difficulties individuals and businesses face in this domain, highlighting the intricacies of international financial transactions. He cited the example of Uphold’s recent licensing in Canada, humorously illustrating the challenges in funding a Canadian bank account. He expressed dismay over the outdated methods still in use, such as physical transportation of money, stressing the need for modern solutions to these age-old problems. The CEO of Uphold shared his enthusiasm about being part of a solution that harnesses the power of cryptocurrency to address a widespread market issue. This sentiment underscores the growing recognition of digital currencies as viable tools for solving real-world financial challenges. Regarding expectations for the volume of transactions, Mcloughlin did not provide specific numbers but projected an initial annual volume of around $5 billion through the partnership. He also indicated the potential for this figure to increase significantly, especially as regulatory clarity evolves in various parts of the world. This partnership between Uphold and Ripple marks a notable step forward in using blockchain and cryptocurrencies for practical, everyday applications. The collaboration aims to alleviate the complexities and inefficiencies of traditional cross-border money transfers, offering a glimpse into the future of financial transactions.
Long
by DEXWireNews
XRPUSD bearish wave almost overRipple almost reach channel down resistance, with a strong bullish candle. If $0.62460 break up, we will have a new bullish wave with a big target at $0.85352 as fibonacci 1.618 projection, but if it failed to break bullish confirmation level, our focus still at $0.59480 support level and $0.58344 fibonacci support to enter long position. I will update this analysis if I found a new pattern or if channel down break up. you can check my previous analysis at ripple here :
BITSTAMP:XRPUSDLong
by AzrulAzir
2
Whale Moves 25 Mln XRP As Community Initiatives Drive PriceXRP once again gains significant traction in the crypto realm following whale movements and the Ripple community's advancements. XRP, a cryptocurrency backed by Ripple Labs, is once again creating quite a buzz in the crypto realm as a whale transferred enormous amounts of XRP coins to a centralized exchange today, November 20. The colossal transfer caught the eyes of cryptocurrency traders and investors alike as the same whale was observed transferring millions of XRP in a series of transactions over the past few days. Concurrently, as of today, the XRP price also witnessed an upsurge. The notable shift in the price seems to come in alignment with the recent upper hand gained by Ripple Labs in the US SEC vs Ripple lawsuit, along with the Ripple community’s decision to offer aid to numerous projects leveraging the XRP Ledger (XRPL). Whale Transfers XRP To Exchange According to the data provided by Whale Alert, a blockchain tracking platform, an unknown wallet, r4wf7enWPx…5XgwHh4Rzn, recently transferred 25 million XRP to a centralized exchange, Bitstamp, headquartered in Luxembourg City, Europe. The massive transfer of XRP caught the eyes of crypto traders globally as the dumping of tokens to centralized exchanges usually portrays a bearish sentiment due to the increase in the number of tokens in circulation. However, the XRP price displayed market sentiments on the contrary, surging marginally as of today.
Long
by DEXWireNews
Stellar (XLM) Modest Growth Despite Bitcoin's RallyStellar (XLM) Despite a local upward trend on the XLM chart, it's important to remain cautious, given the lack of substantial buying power. After an initial pump due to Ripple's victory over the SEC, Stellar's gains were completely reversed. Since October 20, XLM has only grown by about 25%, relatively modest compared to other altcoins. Currently, XLM is trading between the support zone of $0.115-$0.120 and the resistance zone of $0.132-$0.137. The continuation of this local upward trend appears to be the most likely scenario. In this context, XLM could reach levels of $0.140 and $0.146, but any further growth would depend on the activation of buyers and increased trading volumes. A lower support zone exists around $0.105-$0.111. If BTC begins a downward trend, none of the support levels for XLM may hold against a potential fall, and the asset could drop below the $0.10 and $0.09 marks. Therefore, XLM doesn't seem to be a particularly attractive asset for accumulation in the spot market.
BINANCE:XLMUSD.PLong
by DEXWireNews
XRP Crucial Support Level to Clear the Path for $5.85After reaching a four-month high of $0.7297 on November 6, XRP has gone into a correction phase and is currently trading at $0.6805, down 1.63%% in the last 24 hours, according to CoinMarketCap. XRP’s surge was triggered by the $0.6649 support level. This is shown on this 4-hour time frame chart and highlighted this support level as crucial. If this level holds, XRP is likely to continue its upward trend. However, if it breaks down below this level, further declines could occur. XRP will consolidate in this area for a short period before resuming its upward trend. Despite XRP’s drop below $0.7, XRP has bullish Trends. I identified two short-term targets, $0.8737 and $1.0593. This will send XRP to its highest price this year, surpassing its peak of $0.93, which was achieved in July after a favorable ruling in the lawsuit against the U.S. Securities and Exchange Commission (SEC).
Short
by DEXWireNews
2
XRP Price Rallies as Institutions Embrace It! Picture this: a skyrocketing XRP price, fueled by the growing adoption and trust from major financial institutions. It's like witnessing a rocket launch, and we have the chance to be part of this exhilarating journey. So, grab your trading gear and let's dive into the exciting world of XRP! Now, you might be wondering, "Why XRP?" Well, my fellow traders, XRP has been making significant strides in bridging the gap between traditional finance and the digital sphere. With its lightning-fast transaction speed and low fees, XRP has become the go-to choice for financial institutions seeking to enhance their cross-border payment systems. And boy, are they flocking to it! The recent surge in institutional adoption has sent XRP prices soaring, and the excitement is palpable. As more institutions recognize the potential of this digital asset, the demand for XRP is skyrocketing, propelling its price to new heights. It's like witnessing a supernova of opportunity, and we can't afford to miss out on this remarkable ride! So, my dear traders, it's time to take action and seize this golden opportunity. I encourage you to consider going long on XRP, as its upward trajectory shows no signs of slowing down. With institutions pouring in and the market sentiment increasingly positive, the potential for substantial gains is at our fingertips. Remember, the key to success lies in staying ahead of the curve. By embracing XRP now, we position ourselves at the forefront of this financial revolution and open the door to incredible profit potential. Let's ride this wave together and make the most of this thrilling journey! To get started, make sure you have a reliable trading platform that supports XRP trading. Conduct thorough research, stay updated on the latest news, and equip yourself with the necessary tools to maximize your gains. And most importantly, trust your instincts and follow your trading strategy diligently. The world of cryptocurrency trading is ever-changing, and with the current XRP price rallies, we have an opportunity that simply cannot be ignored. It's time to take a leap of faith and dive into the exciting world of XRP! Wishing you a thrilling trading experience filled with success and prosperity! Ready to jump on the XRP bandwagon and make the most of these exhilarating price rallies? Don't wait another moment! Open an account with a reliable trading platform today and start your journey towards potential profits. Remember, the time to act is now!
Long
by bryandowningqln
Unleash the Bull Wicks and Ride the Wave of Strong Support!I want to share some exciting news about XRP that will surely get your adrenaline pumping. So, fasten your seatbelts and let's dive right in! XRP has been on fire lately, showcasing nothing but bull wicks that are leaving traders in awe. These powerful upward movements are a testament to the incredible potential this digital asset holds. With each bull wick, XRP is making its intentions crystal clear - it's ready to break barriers and soar to new heights! But that's not all - XRP has also been building a fortress of strong support levels. These levels act as a solid foundation, providing a safety net for any potential dips. It's like having a safety harness while climbing a mountain - you can confidently take risks, knowing that you have a strong support system in place. Now, you might be wondering, "How can I be a part of this thrilling journey?" Well, my fellow traders, it's time to seize the opportunity and go long on XRP! The current market conditions, coupled with the bull wicks and robust support, present an ideal moment to ride the wave and potentially reap substantial profits. So, here's your call-to-action: Don't miss out on this incredible chance to long XRP! Conduct your due diligence, analyze the charts, and make an informed decision. Trust your instincts, but also remember to manage your risks effectively. As the saying goes, "Fortune favors the bold," and it's time to be bold with XRP! As always, it's crucial to stay updated with the latest market trends and news. Keep an eye on any developments that might impact XRP's trajectory, and be ready to adapt your strategy accordingly. Remember, successful trading requires a combination of knowledge, skill, and a bit of excitement! So, buckle up, fellow traders, and get ready for an exhilarating journey with XRP. Let's embrace the bull wicks and strong support levels, and ride the wave of potential profits together! Unleash the Bull Wicks and Ride the Wave of Strong Support!
by bryandowningqln