Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC). Even during the mini bull run immediately after Donald Trump’s election, XRP had a sluggish price action, struggling to maintain its $0.57 price. But last November 16th, the altcoin hit the $1 price mark after surging by 14.72%. Related Reading: Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend Fast-forward to one week and XRP is trading at $1.50, which briefly hit $1.62 last November 23rd. For many analysts, there’s no turning back for XRP’s price, with one popular Twitter/X user saying it will no longer drop below $1. In a post on Twitter/X last November 23rd, a millionaire mentor, a.k.a. the “Bearable Bull,” boldly predicted that the market would never see XRP “go below $1 again”. We Will Never See XRP Go Below $1 AGAIN — The Bearable Bull (@thebearablebull) November 23, 2024 $1 As XRP’s Base For Further Growth Ripple’s XRP started the year at $0.61 and traded for the next few months on the $0.50 to $0.60 level. And while Bitcoin and other altcoins started to rally immediately after Trump’s election, XRP’s price movement remained sluggish. Only a few days ago, XRP’s price began to move before breaking the $1 level on November 16th. The previous time Ripple’s XRP held the price was in December 2021, when it dipped to $1.96. For many market analysts, the $1 price now serves as the base for consolidation and further growth. XRP’s Price Will Not Look Back To $1 – Analyst XRP’s recent price rally has caught the attention of many analysts and market observers. The Bearable Bull, a popular crypto mentor on Twitter/X, is one of those analysts who offered bold insight into XRP’s price movement. In a Twitter/X post that garnered 94.7K views, Bearable Bull shared that the community will never see XRP revisit the $1 price. Other analysts shared his view, saying that the token has consolidated its base. Related Reading: Top Analyst Claims XRP New ATH Is Just Around The Corner – Details However, a few analysts offered some caution, saying it’s too early to tell if XRP will no longer dip below $1. Last November 16th, XRP hit a high of $1.267. The next day, there was a minor price correction, but XRP did not fall below $1. XRP soon will achieve a $100B market cap. Times are changing. — John E Deaton (@JohnEDeaton1) November 22, 2024 Bold Predictions On XRP’s Future Price The market’s optimism on XRP’s price performance continues until today. Even pro-Ripple lawyer John Deaton predicts that it will continue its bullish run, and he expects the coin to revisit its $100 billion market cap. I think $XRP is probably going to make new ATH a lot quicker than most are expecting- and I think it’s going to vastly outperform both $BTC and $ETH from current levels while doing it. XRP/ETH just reclaimed and retested a 4 year long range, with the first target being ~250%… pic.twitter.com/fLYlH2GEYB — CrediBULL Crypto (@CredibleCrypto) November 21, 2024 Also, “CrediBULL” expects the digital asset to top its all-time high soon. He further claimed that XRP can surpass Ethereum and Bitcoin’s performance. Based on current price data, it has surged 125% in the last three months, beating Ether’s 20% and Bitcoin’s 51% increase. Featured image from iExpats, chart from TradingView
An analyst known for nailing the end of the 2022 Bitcoin bull market is outlining triggers that could signal the top for BTC. Pseudonymous analyst Pentoshi tells his 822,400 followers on the social media platform X that a Bitcoin bull market may be in the midst of topping out once the price refuses to rally The post Top Crypto Analyst Unveils Two Triggers That Could Signal Bull Market Top for Bitcoin (BTC) appeared first on The Daily Hodl .
The post Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project appeared first on Coinpedia Fintech News As per the latest Bloomberg report, Financial services firm Cantor Fitzgerald, which serves as Tether’s banking partner, is looking to work with the stablecoin issuer on a program that will allow clients to borrow dollars against Bitcoin as collateral. While the firm will start lending against Bitcoin with $2 billion, it is expected to increase …
Bitcoin shows volatility affecting altcoin values significantly. Market observers anticipate an upcoming surge in altcoin prices. Continue Reading: Market Observers Anticipate Altcoin Surge Following Bitcoin Price Fluctuations The post Market Observers Anticipate Altcoin Surge Following Bitcoin Price Fluctuations appeared first on COINTURK NEWS .
The post As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens appeared first on Coinpedia Fintech News As Bitcoin approached the $100,000 price level, Stablecoin issuer Tether minted an additional $3 billion in USDT tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets. Data from Arkham Intelligence revealed that $2 billion in USDt was minted on the Ethereum blockchain, and an additional $1 …
The post $495M Worth Crypto Liquidated In The Past 24 Hours Amid Market Correction! appeared first on Coinpedia Fintech News Bitcoin plunged to the $95,000 level after failing to touch $100,000 on Friday, currently trading around $96,653. Notably, $495 million worth of crypto has been liquidated over the past 24 hours. Long positions account for the vast majority of these liquidations ($382.7 million). Overall, 197,083 traders were liquidated over the past 24 hours, with the …
Corporate buyers and headlines aside, state-based bitcoin acquisitions could play a critical role in the bitcoin market going forward.
The post BTC Slips To $96K, Liquidations Near $500M; Why Is Bitcoin Dropping? appeared first on Coinpedia Fintech News This bull season, Bitcoin has seen one of the biggest price pumps in its history as it traded to almost $100,000. Looking ahead, analysts believe that Bitcoin could see substantial growth in 2025, driven by a mix of macroeconomic conditions, institutional participation and seasonal market behavior. Why Is Bitcoin Retracing? However, as of writing, Bitcoin’s …
Senator Ted Cruz wants Texas to be a hub spot for Bitcoin and crypto, using the state’s resources and focus on freedom. He supports crypto-friendly laws and sees Bitcoin as a tool for freedom. Cruz believes Texas can lead in the crypto world with the right policies. “I am a strong advocate for Bitcoin and
As the cryptocurrency market heats up, Tether’s USDt continues to expand its dominance, crossing an impressive $134 billion market cap by November 2024. The recent minting of $3 billion in