Home Blog Page 1335

XRP in Focus as Ripple Expands Partnership with National Federation of Associations of Central Bank Servers

Abdulkarim Abdulwahab
-
0
XRP in Focus as Ripple Expands Partnership with National Federation of Associations of Central Bank Servers

Ripple expands its alliance with the National Federation of Associations of Central Bank Servers (Fenasbac) to promote XRP Ledger use in Brazil.

Ripple disclosed details of this latest collaboration via its official website on Monday. The report noted that the synergy with Fenasbac seeks to promote the development of efficient financial solutions that most satisfactorily leverage networks like the XRP Ledger technology.

Ripple Funding Firms That Best Use XRP Ledger

Notably, Fenasbac leads Next, the most prominent accelerator program in Brazil’s financial landscape. Next furnishes emerging fintech with robust growth potential with resources, mentorship, and investment opportunities.

Through Brazil’s Next accelerator program, Ripple plans to fund two fintech firms working on scalable blockchain-based solutions for various applications. These include asset tokenization payments, treasury management, and lending and borrowing.

As a key contributor to XRPL, Ripple continues to support global teams that use the XRP blockchain to develop solutions that will create a more efficient and inclusive financial system.

Earlier this month, Ripple opened applications for emerging firms in Japan and Korea that leverage XRPL to seek grants.

Ripple and Fenasbac in Second Phase Alliance 

Notably, this latest announcement marks the second partnership between Ripple and Fenasbac. It expanded on the collaborative research efforts with Polkadot and the Federal University of Rio de Janeiro. 

These initiatives focus on exploring blockchain interoperability solutions for Brazil’s digital currency (DREX) in collaboration with the country’s central bank. Brazil stands out as Ripple’s first choice for targeted investment due to its developer community, digital currency policies, and advanced payments infrastructure,

Silvio Pegado, Ripple’s managing director for LATAM, expressed enthusiasm for extending the collaboration with Fenasbac, which aims to support Brazilian startups using blockchain to solve practical financial problems.

He emphasized Ripple’s conviction that Brazil offers a conducive environment for technological innovation and progressive blockchain policies. Ripple views Brazil’s visionary stance as pivotal in revolutionizing financial services on a global scale.

Rodrigo Henriques, the Innovation Director at Fenasbac, expressed pride in engaging with the global market and serving as an entry point to Brazil’s financial innovation landscape. Henriques emphasized that collaboration with Ripple underlines their dedication to advancing blockchain and promoting solutions that positively impact society.

Notably, Fenasbac boasts a history spanning over fifty years. It originally focused on offering financial services to Central Bank employees. However, it has evolved to become a leader in financial innovation. This transformation includes the development and management of ecosystems like Lift and Next. 

Here Are Top 24 Altcoins Under $1 with 100x Growth Potential

Lele Jima
-
0
Here Are Top 24 Altcoins Under $1 with 100x Growth Potential

Popular crypto analytic platform Coinpedia Markets provides a curated list of the top 24 altcoins under $1 with the potential of surging between 10x and 100x this year. 

Investors eagerly anticipate a bull run marked by increased crypto prices. However, the current market performance is far from these expectations. 

Experts Identify Opportunity Amid Declining Prices  

Bitcoin (BTC), which influences the broader market’s performance, recently showed signs of a significant rally earlier this week. The top crypto asset surged to $69,987 on July 29. However, this rally was short-lived as Bitcoin plunged below the $66,000 price territory the following day. 

Expectedly, Bitcoin’s collapse also had a negative impact on other cryptos, which also saw declines in their prices. Interestingly, most market analysts believe the recent decline presents an opportunity for investors to acquire tokens at discounted prices in anticipation of what could potentially be the biggest bull run ever. 

According to these experts, the Bitcoin and Ethereum spot ETFs will differentiate the ongoing bull run, which is currently in a consolidation phase, from the previous ones. 

Top 24 Under $1 Altcoins Poised for 100x Surge This Year 

Given this prevailing sentiment, investors are faced with the challenge of identifying the tokens worth investing in. Consequently, Coinpedia Markets highlighted a list of 24 altcoins under $1 with the potential to surge between 1,000% (10x) and 10,000% (100x) this year.  

Altcoins under $1 with 100x potential
Altcoins under $1 with 100x potential

The first ten altcoins in the list include Shiba Inu (SHIB), Ondo (ONDO), Dogecoin (DOGE), Cardano (ADA), Kaspa (KAS), Floki (FLOKI), Pepe (PEPE), Stellar (XLM), Tron (TRX), and Bonk (BONK). 

Additionally, the remaining altcoins under $1 with strong growth potentials of up to 100x are Brett (BRETT), Mog Coin (MOG), The Graph (GRT), Hedera (HBAR), Beam (BEAM), Turbo (TURBO), Ponke (PONKE), Jasmy Coin (JASMY), Myro (MYRO), Notcoin (NOT), Duko (DUKO), Fantom (FTM), Apu Apustaja (APU), Pyth Network (PYTH).

According to Coinpedia Markets, these tokens would witness a surge of at least 1,000% this year. However, the analytic platform did not highlight any factor that could propel this remarkable surge.

Despite not indicating the catalyst for this surge, investors believe the highly anticipated bull run will commence this year, leading to a remarkable spike in crypto prices.

A Bullish Explosion Rally in Kaspa Eyes 25% Hike to $0.25

Albert Brown
-
0
A Bullish Explosion Rally in Kaspa Eyes 25% Hike to $0.25

Displaying a prominent bull run in motion, Kaspa accumulation phase extends with a 70% surge in volume. With the overhead trendline breakout, $KAS prepares for an explosive 25% rally.

Unlike most top altcoins, Kaspa has maintained a positive trend over the past few months. Ignoring the bearish influence over the broader market, $KAS creates a new all-time high at the $0.20 psychological mark. As the bullish momentum increases, the altcoin eyes a bullish extension.

With a higher high formation and a breakout rally, the $KAS market cap approaches the $20B milestone. So, let’s take a closer look at the breakout event for a clearer buying opportunity. 

Bullish Override Undermines Rising Wedge’s Limit

Kaspa has witnessed an 84% YTD growth as it forms a new ATH at $0.2064. Completing a streak of four bullish candles in the 1W chart, the KAS token is up by 28% in the recent upcycle. 

Kaspa Price Chart
Kaspa Price Chart

Retracing the high and low points in Kaspa with trendlines reveals a rising wedge formation. Although the resistance trendline resulted in many reversals, the recent upcycle broke through. Currently, the altcoin experiences an intraday gain of 3.93% to form a bullish engulfing candle. 

The daily RSI line enters the overbought territory, with the recent price jump reflecting a boost in trend momentum. Further, the overbought character hints at a retest of the broken trendline. 

In addition, the MACD and signal lines start a clear uptrend after days of uncertainty. The crossover helps the histograms resurface, revealing a surge in underlying demand. 

Will The Kaspa Price Hit $1?

Over the last few months, Kaspa has remained one of the few altcoins that has maintained a positive trend with minimal corrections. The support trendline in action proves a strong underlying demand for the altcoin. Further, the bullish breakout unlocking the potential above $0.20 improves the broader sentiment. 

According to the Fibonacci retracement levels over the Q2 correction phase, Kaspa is now heading to the 1.618% Fib level at $0.25. Hence, from the current market price, the Fibonacci levels predict a 25% surge in the $KAS price. 

Ripple CEO Reacts As SEC Retracts Request to Classify Solana, Cardano, and Polygon as Securities

Lele Jima
-
0
Ripple CEO Reacts As SEC Retracts Request to Classify Solana, Cardano, and Polygon as Securities

Ripple CEO Brad Garlinghouse accuses the Gary Gensler-led SEC of hypocrisy, indicating that the commission does not consistently apply its so-called clear rules.  

Garlinghouse’s commentary follows the SEC’s decision to retract its request seeking a court’s declaration that certain third-party tokens on Binance constitute securities. The SEC specifically mentioned ten tokens as securities in its lawsuit against the leading crypto exchange Binance. 

They include Axie Infinity (AXS), The Sandbox (SAND), Cardano (ADA), Solana (SOL), Decentraland (MANA), Polygon (MATIC), Binance USD (BUSD), Binance Coin (BNB), Coti (COTI) and Cosmos (ATOM).

However, in the latest development, the SEC suggested that it no longer seeks a ruling to classify the tokens as securities. 

Ripple CEO Reacts, Calls Out SEC Hypocrisy 

The sudden U-turn elicited mixed reactions from crypto community members, including Ripple CEO Brad Garlinghouse. Notably, Garlinghouse said the SEC’s recent decision in the Binance case is further evidence of the commission’s hypocrisy.  

The Ripple CEO slammed the SEC boss, expressing frustration with his inconsistent application of crypto regulations. According to Garlinghouse, under Gensler’s leadership, the SEC is causing greater confusion across the industry by not consistently applying his so-called clear rules. 

He argued that the SEC’s recent decision was not driven by a faithful allegiance to the law but stemmed from a political agenda or bad faith litigation tactic. 

Inconsistent Litigation Strategy  

It is worth noting that the SEC classified 68 crypto assets as securities, XRP. The regulatory agency labeled the tokens securities in different lawsuits, including the Ripple and Coinbase cases. 

This marks the first time the SEC retracted its request for a court not to classify crypto tokens as securities. Notably, the SEC did not give XRP a similar courtesy. The commission wanted a New York federal court to declare XRP a security. However, the court declined, emphasizing that XRP is not in itself a security. 

The SEC’s decision in the Binance lawsuit was surprising, considering its vision to become the appropriate crypto regulator. This has driven the SEC to give the securities tag to multiple cryptos to bring them under its regulatory purview. 

Meanwhile, crypto enthusiasts believe the SEC’s recent action is part of a bigger plan to attract crypto voters into supporting the Democratic Party in the upcoming U.S. elections. 

Senator Lummis Proposes US Treasury Bitcoin Acquisition Plan Worth $70B

Albert Brown
-
0
Senator Lummis Proposes US Treasury Bitcoin Acquisition Plan Worth $70B

In the wake of Donald Trump’s speech at the Bitcoin 2024 conference, Wyoming Senator Cynthia Lummis, a pro-Bitcoin Republican, introduced a significant bill. 

The legislation mandates the U.S. Treasury to acquire 1 million BTC over a five-year period, an investment estimated at nearly $70 billion. This initiative, titled the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024,” or the “BITCOIN Act of 2024,” reportedly aims to enhance the nation’s financial infrastructure.

Creation of a National Bitcoin Reserve

The core of Lummis’s proposal is to establish a national Bitcoin reserve. The bill details a program allowing the U.S. Treasury to purchase up to 200,000 BTC annually for five years, totaling 1 million bitcoins. Additionally, it permits states to hold Bitcoin in their reserves, provided they meet strict security standards.

This plan draws parallels to the nation’s existing reserves of gold and petroleum, positioning Bitcoin as a vital asset in diversifying the United States’ financial portfolio. According to Forbes, Lummis stated that Bitcoin’s past performance indicates its potential to significantly address the United States’ debt and deficit issues.

Bitcoin’s Role in Bolstering U.S. Dollar

Additionally, at the Bitcoin 2024 event, Lummis underscored the bill’s potential to maintain the U.S. dollar’s global reserve currency status. She also noted that with inflation and costs at record highs and the national debt at unprecedented levels, it is crucial to secure a better future for Americans by incorporating Bitcoin. 

Note that the legislation proposes the creation of a nationwide network of highly secure Bitcoin vaults, overseen by the U.S. Department of Treasury. This network would ensure the highest standards of physical and cybersecurity for the nation’s Bitcoin holdings.

Implementation and Funding

Further, the bill suggests utilizing existing funds within the Federal Reserve System and the Treasury Department to finance the Bitcoin acquisition program. The objective is to secure approximately 5% of the total Bitcoin supply, aligning with the scale of U.S. gold reserves. 

The legislation also affirms the self-custody rights of private Bitcoin holders, ensuring that the strategic Bitcoin reserve respects individual financial freedoms. 

In another related instance, Bryan Courchesne, CEO of Digital Asset Investment Management (DAIM), recently discussed on CNBC the possibility of Bitcoin becoming a reserve asset for the U.S. government.

He highlighted the Department of Justice’s significant Bitcoin holdings of about 200,000 BTC, suggesting these could be transferred to the Treasury to initiate the strategic reserve.

Expert Says Forget XRP to $100 or $1,000: It First Needs to Cross This Obstacle

Albert Brown
-
0
Expert Says Forget XRP to $100 or $1,000: It First Needs to Cross This Obstacle

Despite a notable 7% surge in XRP today, market experts are cautioning against overly optimistic projections of $100 or $1,000. 

One macro trader, pseudonymously known as Crypto Addict, recently highlighted the immediate hurdles XRP must overcome before aiming for higher targets.

Before Eying XRP at $100 or $1,000

According to the trader, the resistance level at $0.7542 has posed a significant barrier for XRP, repeatedly halting upward movements within a long-term wedge pattern. As seen on the chart he shared, this level has been a major resistance point several times over the years, and overcoming it is essential for further price advances. 

For instance, during the crypto market’s bull frenzy in the first quarter, XRP engineered a solitary 20% rally on March 11, setting a new yearly high at $0.74. However, XRP soon encountered a roadblock, losing steam to surpass the threshold.

Screenshot 2024 07 31 at 110446
Chart by Crypto Addict on X

Furthermore, the analyst noted that XRP’s relative strength index (RSI) is at 66, nearing overbought territory. According to Crypto Addict, a push to 78 would likely coincide with reaching this resistance level.

However, he underscored that a substantial increase in trading volume is essential to break through $0.7542 and target higher levels.

Notably, XRP posted a trading volume of $2.98 billion today, a massive 163% growth from the previous day’s figure. While this is significant, Crypto Addict estimates that more buying pressure is needed to surpass the critical $0.7542 resistance level.

Data Shows Increased Demand

Recent data from Santiment reveals encouraging indicators for XRP’s potential resurgence towards current barriers. Notably, there are signs that large investors are accumulating XRP.

Specifically, the number of XRP whales has surged by 2,389 in just five weeks, reaching a total of 279.36K as of July 30, 2024. 

Screenshot 2024 07 31 at 105004

The correlation between the increasing number of large wallets and the rising price of XRP indicates that these investors’ accumulation phase contributes to upward price pressure. This trend is a bullish signal that reflects increased demand for XRP and can be linked to the current increase in XRP’s price.

XRP $100 Still a Target to Watch

While Crypto Addict believes $100 or $1000 is an overstatement, other analysts continue to target these ambitious levels. For instance, Javon Marks, an expert analyst, recently shared the possibility of a significant breakout in XRP’s price to levels between $100 and $500. 

He noted that XRP is approaching a critical point within a symmetrical triangle pattern. If XRP successfully breaks out and follows through fully in a logarithmic manner, Marks suggests it could emulate its 2017 performance.

According to his analysis, such a breakout could potentially increase XRP’s value by more than 300 times, possibly reaching price levels exceeding $150.

Final Opportunity to Accumulate XRP in Cents as XRP Prepares for Next Move to $1

Sam Wisdom Raphael
-
0
Final Opportunity to Accumulate XRP in Cents as XRP Prepares for Next Move to $1

A high momentum rally in XRP breaks above crucial resistances and makes massive green candles to fuel the uptrend to $1. With the golden crossover sirening a bullish trend reversal, here’s the last potential chance to buy XRP in cents under $0.65. 

Amid the broader market pullback, most of the altcoins with large market caps are witnessing a huge supply coming. However, XRP swims against the bearish wave to rank amongst the top performers in the last 24 hours. 

With a breakout run extending the V-shaped reversal rally, XRP will cross above the 52W high to reclaim the $1 psychological landmark. Consequently, this analysis provides a closer look to ascertain if this is the last opportunity to buy XRP at under $0.65. 

Golden Cross in XRP Hints Bull Run Above $0.65

Following the consolidation patch under the $0.65 level for a couple of weeks, XRP has regained bullish momentum. With an overnight surge of 4.28% coupled with the 3.10% continuation today, the altcoin trades at $0.64773. 

XRP Price Chart
XRP Price Chart

With the consolidation range breakout, the XRP token challenges the $0.65 mark with a 160% surge in 24-hour trading volume. According to the Fibonacci retracement over the 2024 correction phase, the altcoin opposes the 78.60% Fibonacci level. 

Further, the bullish crossover in the Stochastic RSI generates a massive spike from the oversold zone. Thus, the massive demand and momentum surge is evident in the technical indicator.

Even the bullish influence over the 50D and 200D EMAs results in a bullish crossover known as the Golden Crossover. It marks a trend reversal sigil in the XRP daily chart and bolsters the bullish confidence. 

XRP Breakout Run on Smaller Timeframes 

On a smaller timeframe of 4H, the XRP price trend shows a bullish breakout of a triangle pattern. However, the prior bull run before the volatility contraction makes it a bullish flag. 

XRP Price Chart
XRP Price Chart

The breakout rally increases the chances of an uptrend in the XRP price, as the bullish flag is categorized as a trend-continuation pattern. Further, the bullish crossover in the MACD and signal line supports the uptrend continuation. 

Will XRP Hit $1?

The rising demand for the XRP token during a market pullback speaks volumes about the upcoming bull run. In addition, the multiple breakouts and the bullish signals in the daily and smaller timeframes support the optimistic viewpoint. 

According to the Fibonacci levels in the daily chart, the $0.65 break will weaken the $0.72 resistance. Thus, the chances of a bull run in XRP to the 1.618 Fibonacci level at $0.91 will increase. 

Optimistically, a push from the upcoming Federal rate cuts in the U.S. and the broader market recovery could propel XRP to reclaim the $1 psychological landmark. 

Cardano Retail Investors Hold 91% of ADA Supply, Much More Than Whales

Sam Wisdom Raphael
-
0
Cardano Retail Investors Hold 91% of ADA Supply, Much More Than Whales

Cardano Investors and Retail wallets collectively hold over 91% of the ADA circulating supply, much larger than the proportion held by Whale addresses.

This is according to on-chain data sourced by blockchain analytics resource IntoTheBlock. Notably, the platform’s Historical Concentration metric divides Cardano holders into three tiers of addresses. These tiers are Whales, Retail and Investors.

Whales refer to addresses holding more than 1% of Cardano’s circulating supply, or at least 359 million ADA. Investors are addresses that hold between 0.1% (35.9 million ADA) and 1% (359 million ADA) of the supply. Meanwhile, Retail addresses hold less than 0.1% of the circulating supply.

Retail Investors Hold 91% of Cardano Supply

Data confirms that currently, Whales collectively hold only 3 billion ADA, representing a mere 8.47% of Cardano’s supply. However, Investors hold over 2x this figure, amounting to 7.06 billion ADA, about 19.89% of the supply. 

Cardano Historical Concentration IntoTheBlock
Cardano Historical Concentration | IntoTheBlock

Interestingly, Retail wallets hold a whopping 25.41 billion Cardano tokens. This figure represents a massive 71.64% of ADA’s circulating supply. While whales hold 8.47% of the supply, the combined holdings of the Retail wallets and Investors amount to 91.53% of the circulating supply, translating to 32.47 billion ADA.

This metric suggests that Cardano is more decentralized, with a larger number of smaller investors holding a significant portion of the supply. This can lead to a more stable ecosystem, as it reduces the risk of market manipulation by a few large holders (whales).

Notably, this is in stark contrast to the holdings distribution among Ethereum addresses. While Cardano Whales only hold 8.47% of supply, Ethereum Whales possess a massive 42.3% of ETH’s circulating supply. However, Retail addresses hold 48.9% of the ETH supply, comparatively lower than Cardano’s 71.64%.

Ethereum Historical Concentration IntoTheBlock
Ethereum Historical Concentration | IntoTheBlock

Long-Term ADA Holders Increase

In addition, historical data shows that Cardano’s Investors and Retail wallets have continued to increase their holdings over the past 3 months, while Whales have distributed. Since April 30, Retail wallets and Investors have accumulated over 400 million ADA. In contrast, whales have distributed 30 million tokens within this period.

Meanwhile, further data confirms that long-term Cardano holders have increased since April 30. For context, Hodlers, those holding ADA for over a year, have risen by 160,000 since April 30 to the current 3.19 million. However, Cruisers (holding between 1 and 12 months) and Traders (less than 1 month) have dropped by 194,000 addresses.

ADA Addresses by Time Held IntoTheBlock
ADA Addresses by Time Held | IntoTheBlock

Mark Cuban Praises California DMV for Blockchain Car Title Digitization Using Avalanche

Albert Brown
-
0
Mark Cuban Praises California DMV for Blockchain Car Title Digitization Using Avalanche

Mark Cuban, a prominent businessman and minority owner of the Dallas Mavericks, has praised the California DMV for its move to digitize car titles using the Avalanche blockchain.

This development, recently disclosed by Reuters, reportedly aims to detect fraud and streamline the title transfer process. The project was executed in partnership with tech company Oxhead Alpha. Notably, it will allow California’s 39 million residents to claim their vehicle titles through a mobile app, marking the first such implementation in the United States.

Blockchain’s Role 

The project’s primary goal is to reduce the need for in-person DMV visits by utilizing blockchain technology to create a transparent and unalterable record of property ownership. According to John Wu, president of Ava Labs, the initial step involved associating 42 million car titles with tokens on the Avalanche blockchain. 

The next phase is to develop a mobile wallet, which residents can download on their phones, facilitating quick and secure transfers of vehicle titles. This approach aims to deter lien fraud by maintaining a transparent and immutable ledger of ownership records.

Mark Cuban’s Perspective 

In a post on X, Cuban emphasized the significance of this development for the crypto space. He remarked that this initiative represents a significant step forward for blockchain technology. However, he humorously noted the possibility of regulatory challenges if the value of the tokenized car titles fluctuates. 

 

 

Additionally, Cuban highlighted the role of smart contracts and the potential for these digital titles to be exchanged peer-to-peer. He suggested that there are no inherent limitations to expanding the functionality of these digital titles, including possibilities like fractional ownership and integration with insurance policies.

Debate and Blockchain Adoption

It is notable that the announcement, as well as Cuban positive comments, has sparked debates on social platforms, particularly on X, where users discussed how crypto enters the scene. One user, Plutus Rex, argued that the project is more about blockchain technology than crypto itself. 

He also clarified that the tokens in this context represent digital titles that can be moved within the ledger. This could reduce human error and eliminate the need for DMV lines.

Cuban countered by stressing the potential of smart contracts and blockchains to extend beyond their initial uses. He pointed out that if the state permits, these digital titles could offer additional functionalities, making the process more efficient and secure.

Ultimately, other commenters supported Cubans’ view that this development represents a significant step toward broader crypto adoption. The digitization of car titles is seen as a smart move by California, potentially setting a precedent for other states and sectors to follow. 

Expert Reveals Price at Which XRP Will Finally Break 6-Year Triangle

Abdulkarim Abdulwahab
-
0
Expert Reveals Price at Which XRP Will Finally Break 6-Year Triangle

As XRP witnesses an unexpected resurgence during a red market, a distinguished market analyst identifies the price point at which XRP could break its six-year downtrend.

XRP has engineered another rare and impressive uptrend at a time when the crypto market sentiment is bearish. Yesterday, Bitcoin’s retest of the $65,323 low caused altcoins to bleed but not XRP. Notably, XRP initially followed Bitcoin’s path and crashed to around $0.59. 

While Bitcoin and most altcoins have yet to recover, XRP later defied the bearish trend, skyrocketing by 10.14% to hit $0.6579, setting a new four-month high.

At press time, XRP continues to preserve most of the gains, trading at $0.6414. Moreover, XRP now ranks as the best-performing crypto asset among the top 100 under the 24-hour timeframe.

XRP ranking top CoinMarketCap
XRP ranking top | CoinMarketCap

This impressive performance amid a bleeding market has attracted wild reactions from the crypto community, sparking increased conviction about its prospects in this bull market.

Commenting on XRP’s future path is renowned market watcher Ali Martinez, who rarely voiced an opinion about XRP’s price action. Taking to X, Martinez remarked on how XRP could continue its bullish trajectory towards the $1 level.

 

Price at Which XRP Will Break 6-Year Triangle

First, the technical analyst pointed out that XRP has been ranging within a symmetrical triangle for more than six years. Notably, the formation took its height from XRP’s 2018 peak. With XRP witnessing lower lows from then on, the resulting pattern translates to a giant symmetrical triangle.

Amid XRP’s latest comeback, Martinez noted that XRP could finally crack this six-year downtrend pattern by surpassing the $0.9 price level. This breakthrough suggests that once XRP recaptures $0.90, it could initiate more consistent uptrends, marking the beginning of a new pattern away from the longstanding symmetrical triangle.

XRP was last seen at $0.9 in July 2023. To reclaim this price, the asset needs to advance further by 40.3% from its current value. Notably, this percentage increase may not be formidable for XRP, considering that the asset has already grown by 71% from a low of $0.385 to a high of $0.6579 this month.

Timeline for XRP to Hit $0.9

While Martinez has identified $0.9 as the key price point for a bullish breakout in XRP, another market watcher has provided an estimated date for this event. 

In a separate analysis, Michael XBT, a market psychologist and chartist, argued that XRP could break out of the six-year symmetrical triangle as early as August —from tomorrow.

While he faced resistance regarding this timeline, Michael stressed that XRP is at the apex of the trend and must break out within the next few weeks.

1...1,3341,3351,336...2,666Page 1,335 of 2,666