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Is Ripple Dumping Millions Of XRP? CTO Addresses Reasons Behind $34 Million Transaction
3 days ago
Crypto Ahmet
Crypto Ahmet
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😯🚀Ripple (XRP) tense wait: The price is too tight! Will the explosion come? There is a silence before the storm in Ripple ( #XRP ), which failed to give the expected performance after the breaking of the falling trend. #Ripple (XRP), which has been on a downward trend for some time, has not been able to make the expected move despite the arrival of the trend break. Despite the pricing of Bitcoin (BTC) above $ 50,000, major coin, which remains in the background compared to other altcoins, is thoroughly stuck. From a technical point of view, XRP, which is currently giving positive signals, seems to be able to blow up a storm if it also gets news support behind it. Any good news that may come about Ripple will trigger parity! XRP, which retested only a few days after the falling trend break, started its upward movement again. XRP, which draws a pretty good image in terms of technical structure, will want to target the upper levels with the effect of a positive news flow. In such a scenario, respectively 0,5468 – 0,5650 – 0,5797 – 0,6203 – 0,6421 – 0,6679 – 0,70 and it may make a move towards $0.7318. The most critical area to be considered in the short / medium term price structure will be the December of $ 0.6206 – 0.6303. Sales will come in XRP as regulators, especially the SEC, try to put pressure on Ripple, turn the direction of BTC down, or BTC dominance tends to increase. In such a scenario, a pullback to $0.5277 can be expected first. A decline to $ 0.4983 can be followed in a situation where buyers at this level fall short. #Write2Earn #binance #crypto2024

3 days ago
Crypto updates_
Crypto updates_
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😯🚀 Ripple (XRP) on the Edge: Is the Big Bang Coming? A moment of anticipation grips Ripple ( #XRP🚀 ), as it teeters on the brink of a potential explosion that could redefine its trajectory. Despite breaking its downward trend, XRP has yet to showcase the anticipated surge in performance. While Bitcoin (BTC) soars above $50,000, Ripple (XRP) lingers in the shadows, trailing behind other altcoins. However, amidst this apparent stagnation, XRP sends positive signals, hinting at the potential for a monumental breakthrough with the right catalyst—perhaps a surge of positive news. With each passing day, XRP's technical structure strengthens, fueling optimism for a bullish surge. Should favorable news emerge, XRP could set its sights on ambitious targets, ranging from $0.5468 to $0.7318, with pivotal support levels at $0.6206–0.6303. Yet, looming regulatory pressures, notably from the SEC, or shifts in Bitcoin's direction, could trigger a downturn in XRP. In such scenarios, XRP may experience a pullback to $0.5277, potentially followed by a decline to $0.4983 if buyer support wanes. As Ripple's fate hangs in the balance, investors brace themselves for the impending storm, eagerly awaiting the catalyst that could propel XRP to new heights or plunge it into uncertainty. 🌩️💼 🚨Remember: 💥💥A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips 💸would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.🤗💖 #TrendingTopic #Write2Earn #RippleTrends #BTC $XRP

3 days ago
Crypto Breaking
Crypto Breaking
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Ripple has always been subjected to claims of manipulating the price of XRP and its natural growth by selling coins. As the cryptocurrency’s largest holder, Ripple has faced constant criticism about the amount of XRP it holds, with detractors arguing it gives them too much control and influence over the price.  Particularly, there’s been some drama swirling around the altcoin lately and claims that Ripple has been manipulating the market and systematically dumping its large holdings. This has come in light of a large transfer of 60 million XRP tokens from Ripple to an unknown wallet address.  Ripple Accused Of Dumping XRP And Manipulating Market Whale transaction tracker Whale Alerts recently posted on social media a transfer of 60 million XRP worth $34 million from a Ripple-controlled wallet address into a private address. A further look shows that the private recipient wallet currently holds over 138 million XRP worth $75.5 million, with this same address receiving 80 million XRP from Ripple on February 11. 60,000,000 #XRP (34,088,291 USD) transferred from #Ripple to unknown wallethttps://t.co/zfHG8o0Bbo — Whale Alert (@whale_alert) February 20, 2024 At the time of writing, Ripple controls about 6% of the current circulating supply. Therefore, it is only natural that large transactions like this from Ripple would generate waves in the market and lead to speculations. Consequently, the large transfers have reignited claims of Ripple selling its holdings amidst ongoing consolidation in the price of XRP. In addition, debates regarding XRP’s programmatic sales have resurfaced, as history shows this isn’t new to Ripple. According to details shared by a social media user, Jim_Knox, Ripple allegedly delivered XRP to three market makers in 2017 for the purpose of market sales, which resulted in a price suppression of the cryptocurrency during that particular period. Furthermore, recent accusations have taken root of Ripple using what it called the 4t and 6t bots to execute programmatic sales to exchanges.   Ripple CTO Addresses Concerns Ripple CTO David Schwartz took to a social media thread to address the rumors of price manipulation. An XRP community member had shared a meme suggesting that Ripple’s 4t and 6t bots have always prevented the price of XRP from increasing, keeping it at the $0.50 level.  However, Schwartz pointed out that Ripple has discontinued the programmatic sales of XRP, with the company only selling its holdings through ODL transactions. The ODL transaction method is Ripple’s unique payment solution that offers instantaneous cross-border transactions. On the other hand, concerns regarding the recent large transactions from Ripple to unknown wallets are yet to be addressed, and it all remains speculative at this point. XRP is trading at $0.5463 at the time of writing, down by 0.50% in the past 24 hours but still maintaining a meager 2% gain in a 30-day timeframe. Recent transaction alerts from Whale Alerts have shown large amounts of XRP leaving private wallets to crypto exchanges, hinting at potential selloffs.   Token price stalls at $0.54 | Source: XRPUSD on Tradingview.com Featured image from U.Today, chart from Tradingview.com Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Is Ripple Dumping Millions Of XRP? CTO Addresses Reasons Behind $34 Million Transaction appeared first on Crypto Breaking News.

3 days ago
CryptoPotato
CryptoPotato
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TL;DR Analysts are optimistic about XRP’s valuation, predicting significant increases in the near future. Certain regulatory developments, among other factors, could propel a significant price rally. Ripple’s Odds of Hitting $1 Despite increasing significantly during the first half of February, the price of Ripple’s XRP has recently pushed the brakes, currently trading below the $0.55 mark. However, the ongoing trends have not stopped multiple analysts from outlining optimistic predictions. The X (Twitter) user EGRAG CRYPTO presented a chart today (February 22), according to which XRP might soon pass through four stages (wicking, ranging, consolidation, and bullish) and reach $1.40 in April. The analyst also envisioned a spike above $0.60 before the end of the month. Dark Defender was bullish, too, suggesting that XRP could surpass the resistance levels of $0.66, $0.77, and $0.91 in the next 60 days. The price projection faced criticism from some X users who claimed that such predictions hardly “ever come to bear fruit.” Dark Defender responded that doubt has been part of the industry for years, reminding about previous successful bets: “When XRP was 17 cents, and we were calling the $2+ in 2021, people felt that XRP would never appreciate. XRP hit almost $2 at that time. We called it the most significant wave B in crypto. XRP is expected to hit $5.85 as the average point, and people will say the same at that time.” The popular trader, using the X handle Doctor Profit, also chipped in, calling Ripple’s token the “next shining bull” and admitting that he had entered its ecosystem with a major investment. Next shining bull is $XRP Bought 500k recently See you in 30-60 days! — Doctor Profit (@DrProfitCrypto) February 20, 2024 Some of the Previous Forecasts Earlier this week, EGRAG CRYPTO and Dark Defender made even more bullish predictions. The former maintained that XRP’s next support levels are $0.75, $1, $1.50, and $1.96, expecting the last to be reached by the end of the year.  Dark Defender assumed that the asset’s price could ascend to $2 by mid-2024 and continue rising to an all-time high of $6 in the following months. Those curious to explore some essential factors that hint about an XRP bull run in the near future could take a look at our dedicated video below: The post Here’s When Ripple (XRP) Will Hit $1.40 According to Popular Analyst appeared first on CryptoPotato.

3 days ago
CryptoNewsLand
CryptoNewsLand
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Former Ripple director predicts a genuine XRP ETF in 2024 or 2025, alongside a Ripple IPO outside the US in 2025. Ripple CEO Brad Garlinghouse acknowledges the possibility of an XRP ETF, without specifying a timeline or potential issuer. Ripple temporarily postpones its IPO plans, prioritizing compliance and regulatory engagement. The XRP community is abuzz with anticipation as former Ripple director Sean McBride recently shared his optimistic outlook, forecasting the launch of a genuine XRP exchange-traded fund (ETF) in either 2024 or 2025, in addition to hinting at a Ripple initial public offering (IPO) outside the United States in 2025.  This coincides with the rising enthusiasm surrounding cryptocurrency ETFs, especially following the recent green light given to spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse contributes to the discussion by recognizing the possibility of an XRP ETF, although he abstains from delineating the exact timing or potential issuer. The excitement could bolster investor confidence, driving up demand and pushing XRP’s price higher, possibly drawing speculative traders. Given these forecasts, monitoring XRP’s current market performance becomes crucial. Despite recent fluctuations, including a decrease in value over the last 24 hours, XRP continues to maintain a significant market capitalization. While indicators suggest a bullish trend with the upward slope of the 50-day moving average, caution is advised due to the downward trajectory of the 200-day moving average since mid-February 2024, signaling a potentially weak market trend. Meanwhile, Ripple’s stance amidst legal battles with the SEC remains proactive. Ripple’s commitment to compliance and regulatory engagement is evident, as the company prioritizes these aspects over immediate IPO plans. Garlinghouse expresses satisfaction with recent legal victories and remains optimistic about potential resolutions, either through the SEC acknowledging its defeats or legislative intervention by Congress. Read also: Crypto Experts Expect Biggest IPO Ever if Ripple IPO Comes Through Ripple’s Potential 2024 IPO and Its Impact on Crypto Market Ripple NYC Party Sparks Buzz: IPO, SEC Settlement, and More on the Horizon? How the Much-Talked Ripple IPO Might Unleash XRP’s 20X Explosion Ripple’s Advantage in the IPO Race: Leveraging Nearly 50 Billion XRP for Market Supremacy The post XRP Community Buzz with Predictions of XRP ETF and Ripple IPO appeared first on Crypto News Land.

4 days ago
CoinEdition
CoinEdition
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David Schwartz clarifies why Ripple used trading bots for its XRP sales. He claimed it avoids direct involvement in the market, reducing compliance risk. The response has failed to appease the XRP Army as the debate persists. In a recent exchange on X, David Schwartz, Ripple’s Chief Technology Officer, explained the rationale behind the company’s utilization of trading bots from GSR for its XRP sales program. This revelation emerges amid heightened scrutiny sparked by documents from the Ripple vs. SEC lawsuit, which shed light on Ripple’s programmatic sales practices. In particular, the spotlight fell on an email exchange between market maker GSR and Ripple’s team. It revealed a decision to halt XRP sales through GSR’s trading bots to “let XRP breathe.”  Members of the XRP community highlighted that shortly after halting the bot sales, XRP surged significantly to its all-time high. This has fueled speculation that the preceding sales had suppressed the asset’s price. Amid the uproar from community members, Ripple’s CTO actively engaged, seeking to offer clarifications where feasible. One of the aspects he attempted to clarify concerned Ripple’s choice to employ GSR for the programmatic sales. Schwartz noted that he lacked privileged insight into the GSR email discourse. Despite this limitation, he speculated that Ripple’s choice to delegate sales to external entities was a strategic move to mitigate insider trading and price manipulation accusations.  By entrusting entities like GSR with sales, Schwartz believes Ripple aimed to ensure compliance and avoid direct involvement in the market, thereby reducing the risk of regulatory repercussions. I have no particular inside knowledge about that GSR email, but I'll tell you what I make of it and the other information surrounding it. I think Ripple employed companies to sell XRP for it rather than selling it themselves to provide a "Chinese wall" to protect against… — David "JoelKatz" Schwartz (@JoelKatz) February 20, 2024 Moreover, Schwartz underscored that the absence of specific allegations of price manipulation in the SEC charges against Ripple further corroborated the legitimacy of their sales practices.  Also, he emphasized the meticulous scrutiny by government agencies in cases of regulatory violations, indicating that any indications of malpractice would have likely been included in the charges brought against Ripple. However, the response from the Ripple CTO has failed to appease members of the XRP community. The debate persists, with further scrutiny of Ripple’s broader endeavors to bolster XRP’s price. The post Ripple CTO Defends GSR Trading Bots as Ripple’s XRP Sales Come Under Fire appeared first on Coin Edition.

3 days ago
36Crypto
36Crypto
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The post "David Schwartz Describes How Ripple Can Burn Over 40 Billion XRP Held in Escrow" first appeared on 36crypto.com News. David Schwartz, the Chief Technology Officer at Ripple, has described how the company plans to burn over 40 billion #XRP tokens it has held in an escrow account. The idea of burning a substantial amount of XRP tokens has raised speculations and Schwartz’s explanation has also sparked intrigue. Schwartz, a prominent figure in the XRP community shared the details in a recent post on X (formerly Twitter). Over the months, XRP enthusiasts have expressed concern about Ripple’s handling of the cryptocurrency. However, CTO David Schwartz has addressed the concerns of investors regarding the burning of Ripple’s XRP escrows. Ripple blackholing escrow accounts Schwartz described how “blackholing” the related accounts allows Ripple to create the illusion of burning escrows. He clarified that by essentially making the related accounts inaccessible, Ripple might take unilateral action to stop XRP from these escrows from going into circulation. “If you define ‘burn the escrow’ to mean “ensure that no XRP from the escrow can ever get into circulation”, then Ripple could do that unilaterally by blackholing the account the escrow cancels into,” he said. The XRP community is becoming increasingly displeased with Ripple’s heavy involvement in the cryptocurrency and its monthly release of XRP from escrow accounts, which has prompted Schwartz’s response. The conversations surrounding the burning of XRP escrows have ignited due to recent controversies in the crypto market. Some in the crypto community have accused the company of manipulating the price of the token through automatic sales. The XRP investors, who believe that Ripple’s actions are affecting the market environment and potentially depreciating the cryptocurrency, are becoming increasingly frustrated as a result of these developments. Schwartz’s explanation sheds more light on how #Ripple plans to burn 40.7 billion XRP tokens. It also details Ripple’s approach to managing its XRP holdings and the speculations about the company’s involvement in manipulating the price of the token. According to data from Coinstats, XRP is currently changing hands at $0.56 representing a 0.03% drop in the last 24 hours.

5 days ago
CaptainAltcoin
CaptainAltcoin
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XRP price has remained relatively flat this week, down a modest 1% to trade around $0.54. Technical analysis shows that XRP recently broke out of a descending channel it had been stuck in since late November, marked by the blue lines on the price chart. However, the price has failed to see any significant pumps and if the current direction continues over the next few weeks, XRP could enter into a sideways trading channel. Notably, the 200-day moving average currently sits at $0.56. As a reminder, the 200-day moving average is a widely followed technical indicator that smooths out price action to identify long-term trends. With XRP still below this level, it indicates the asset remains in bearish territory from a long-term standpoint. Popular crypto analyst Dark Defender offered an optimistic take on where XRP is headed next. In a recent tweet, he noted “When #XRP was 17 cents, and we were calling the $2+ in 2021, people felt that XRP would never appreciate. XRP hit almost $2 at that time. ‘We called it the most significant wave B in crypto. XRP is expected to hit $5.85 as the average point, and people will say the same at that time. Wave 3: this run is in play.” Defender sees the recent price action as the end of the corrective Wave 2, with key support at $0.5198 to $0.5066. From there, he expects XRP to break out and tear through the daily Ichimoku Clouds en route to hitting initial targets at $0.6649, $0.7707, and $0.9191. However, he views $5.85 as the next major inflection point where XRP will see another wave of extreme bullish momentum, akin to when it ran to nearly $2. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – In Defender’s view, the current consolidation sets the stage for the next leg in XRP’s ongoing bull market. And if his wave analysis proves correct, $5.85 serves as the midpoint target for the massive Wave 3 that could send XRP to unprecedented highs over the long-term. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple Analyst Predicts $5.85 XRP as Next Target in Ongoing Bull Run – But There’s a Catch appeared first on CaptainAltcoin.

3 days ago
Laxfed Paulacy
Laxfed Paulacy

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