On November 22, COINOTAG News reported a noteworthy event in the cryptocurrency space as a long-dormant Bitcoin whale address reactivated after 11.7 years. This particular wallet had amassed 25 BTC
XRP advances with a new institutional-grade exchange-traded product, offering secure, physically backed exposure as Wisdomtree expands crypto products amid growing investor interest. XRP Gains Ground: Major ETP Launched by a Top European Asset Manager Asset management firm Wisdomtree announced on Thursday the launch of its latest cryptocurrency exchange-traded product (ETP), the Wisdomtree Physical XRP (XRPW),
The crypto’s ‘enemy number one’ will leave the role as the US Securities and Exchange Commission Chairman when Donald Trump officially takes office on January 20.
XRP is gaining prominence in the cryptocurrency market, propelled by a substantial purchasing surge from major investors referred to as whales. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania Within a single week, these whales have amassed over $526 million in XRP, representing the most significant accumulation in nearly three years. The increase in purchasing activity follows XRP’s price surpassing the $1 threshold for the first time since 2021, igniting increased interest and hope among investors. Whale Activity Indicates Assurance About 453 million XRP tokens, or a sizable portion of the asset’s circulating supply, are recent whale acquisitions. Crypto experts claim that this degree of hoarding usually indicates strong belief in XRP’s future performance. These big players reduce the supply on exchanges as they acquire tokens, and as a result raising demand and price. Notably, while large institutional buyers are buying a lot, smaller individual traders seem to be selling off their holdings. It is said that funds with less than 1 million XRP sold a total of 75.7 million shares during the time period in question. There is a clear shift in how the market feels: big buyers are betting on XRP’s rise, but small traders are more cautious. 🥳📈 XRP has now broken a 3-year high, reaching $1.2679 on Binance for the first time since November 11, 2021. This rally has come on the backs of key whale & shark wallets that hold between 1M-100M tokens. This group has collectively accumulated 453.3M more tokens (worth… pic.twitter.com/8F0IjXs7A5 — Santiment (@santimentfeed) November 16, 2024 Historical Trends Indicate Potential Gains Historically, significant whale accumulation has preceded substantial price fluctuations for XRP. Analysts reference historical occurrences when such configurations resulted in substantial gains—occasionally above 1,300%. #XRP Channel B – Monthly Time Frame (Update): In the past, when #XRP broke out of Channel A and Channel C, it pumped by 1,307% and 1,341%! 🔥 Now, #XRP is fighting at the edge of Channel B, trying to flip it into support. If history repeats, we could see a pump of 1,324%. 🎯… https://t.co/R6ktTVdWL5 pic.twitter.com/q19rKaNjFx — EGRAG CRYPTO (@egragcrypto) November 20, 2024 Currently reaching critical support levels—an analyst refers to as “Channel B”—in his chart, XRP is causing great concern since a breach of this resistance might cause a notable price rise. Market watchers say XRP might aim for a price range of $13 to $15 in the near future should this trend continue. This projection depends on past performance as well as contemporary technical signals showing a favorable coin situation. Related Reading: Solana Market Cap Hits Milestone: $400 Price Target Gains Traction Wider Market Context The current increase in XRP’s price corresponds with overall favorable developments in the cryptocurrency sector. Elements include the prospective authorization of an XRP Exchange-Traded Fund (ETF) and conjecture on regulatory changes have fostered a surge of optimism. The latest political developments in the US, especially indications of changes within the SEC, have intensified enthusiasm among XRP fans. XRP’s market capitalization has dramatically increased, elevating its position in the cryptocurrency rankings. Analysts anticipate that if prevailing patterns persist, XRP may experience even more significant increases in the forthcoming months. With whales spearheading the initiative and historical data supporting their actions, numerous observers are closely monitoring the potential ascent of this digital asset. Featured image from DALL-E, chart from TradingView
Bitcoin (BTC/USDT) is once again flirting with the $100K level, but this time, it’s not alone in the spotlight. Ethereum has finally woken up, signaling the long-awaited start of altcoin season.
Discover why Qubetics, Ethereum, and Solana stand out as the best cryptos to buy in November 2024. Explore their unique innovations and market potential.
In a significant ruling on November 22, a Texas court mandated the repealing of a contentious regulation proposed by the Securities and Exchange Commission (SEC). This regulation altered the definition
As Thanksgiving approaches, 2024 is also drawing to a close. This year has been a landmark one for the cryptocurrency industry, The post Thanks, HTX Fellows: Share Your 2024 Crypto Stories with HTX Square and Win Thanksgiving Prizes first appeared on HTX Square .
The founders of Glassnode noted that after Bitcoin (BTC) reaches the $100,000 mark, investors might engage in profit-taking, which could lead to a correction in the price. They emphasized that this profit-taking could significantly influence market dynamics. Continue Reading: Glassnode Founders Predict Market Reactions Following Bitcoin’s Approach to $100,000 The post Glassnode Founders Predict Market Reactions Following Bitcoin’s Approach to $100,000 appeared first on COINTURK NEWS .
The recent trademark application by Trump Media and Technology Group signals a significant move into the cryptocurrency sector. This new venture, dubbed “TruthFi,” hints at a broader strategy that may