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4 Bullish Factors Indicate Shiba Inu Rise is Around Corner

Lele Jima
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4 Bullish Factors Indicate Shiba Inu Rise is Around Corner

Leading social intelligence platform LunarCrush highlights four factors indicating that Shiba Inu (SHIB) is signaling bullish trends.

LunarCrush shared these positive indicators in a post yesterday, suggesting that SHIB could witness a potential uptrend.

 

According to LunarCrush, the indicators include a surging social activity, an uptick in SHIB’s price action, growing market volume, and an outstanding LunarCrush AltRank™ of 2.

Data from LunarCrush shows that Shiba Inu’s AltRank score recently moved from 98th to the current two positions, marking an advancement of 96 places. However, its Galaxy Score has dropped by 7.

In terms of social metrics, Shiba Inu’s social interactions, posts, and creators witnessed declines of 19%, 9.9%, and 12.4%, respectively. However, the token observed a 3.7% surge in social sentiment and an 8.5% increase in social dominance in the past 24 hours.

Shiba Inu Ecosystem Team Reacts

LunarCrush’s bullish assessment caught the crypto community’s attention, with the official Shiba Inu X account (@Shibtoken) commenting on the update.

The account emphasized that Shiba Inu’s “social activity is buzzing.” This implies that social media users are showing interest in SHIB in terms of engagement.

They also noted that the community behind Shiba Inu is stronger than ever, urging enthusiasts to keep promoting SHIB.

Shiba Inu Positive Social Engagement Bolsters Market Activity

Notably, Shiba Inu has consistently ranked among the top cryptocurrencies by social activity. It has garnered millions of engagements across X, Discord, and Reddit, making it one of the most popular crypto assets on these platforms.

Interestingly, this positive trend has been paying off recently, as seen in the asset’s market activity. As reported yesterday, three new wallets accumulated approximately 184 billion SHIB tokens in two days.

Additionally, the leading Indian crypto exchange WazirX highlighted Shiba Inu as the most traded token in March 2024.

At press time, Shiba Inu’s trading volume has surged 3.5% over the past 24 hours to $672.38 million. The price of Shiba Inu is currently up 4.13% in the daily charts, with a unit of SHIB changing hands at $0.00002738.

Conversely, Shiba Inu has recorded a 14.47% loss in the past week. This downturn coincides with the massive correction witnessed across the broader crypto market.

Although Shiba Inu’s current performance is nothing compared to last month’s record, LunarCrush’s bullish assessment of the token could set the stage for a potential rally soon.

Seasoned Trader Gives Timeline for XRP to Hit $3 to $5

Sam Wisdom Raphael
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Seasoned Trader Gives Timeline for XRP to Hit $3 to $5

Ash Crypto, a prominent market analyst and seasoned trader, has presented a projected timeline for XRP to reach the $3 to $5 target price range in his latest batch of predictions.

The market watcher revealed this in his latest forecast amid the prevalent market downturn. This pattern has persisted in recent times as analysts try to spotlight tokens they believe have the potential to impress during this bull run.

Ash Crypto’s list of promising crypto assets involves 13 tokens, including market leaders Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). Notably, the list forecasts the possible values of these tokens in the next 12 to 16 months as the bull market matures.

Timeline for XRP to Reach $3 – $5

The analyst predicts that XRP could skyrocket to a range of $3 to $5 from March to September 2025. At its current value of $0.5697, XRP must rally by 426% to reach the $3 target. However, even at the $3 price, XRP would still be trading below its ATH of $3.3, which it failed to reclaim during the last bull run in 2021.

ASH crypto XRP Prediction
Image Source: https://twitter.com/Ashcryptoreal/status/1775621039604514906

The prospect of XRP also missing out on this bull run has triggered concerns among market participants, with some influencers advising investors to abandon ship. However, others remain confident in its potential, expecting a substantial price increase in the coming months.

Ash Crypto, who stands with the optimistic few, also believes that $5 is attainable for XRP during this bull run. This represents a 777% increase from XRP’s current price. A push toward this value would help XRP breach its all-time high price for the first time in six years.

Besides Ash, other market watchers are also confident of XRP’s pump to the $5 region. In December 2024, market analyst Dark Defender reaffirmed his conviction that XRP could rally to $5.85 despite prevailing FUD. Last month, crypto pundit Jake Gagain asserted that it is possible for XRP to claim a $5 price.

Ash is the latest to make this $5 prediction. The market analysts also expect Bitcoin to reach $100,000 to $250,000, Ethereum to clinch $10,000 to $15,000, and Solana to hit a range of $450 to $650. His predictions also see Dogecoin (DOGE) reaching $1, all within 12 to 16 months.

Crypto Market Turbulence 

Meanwhile, the forecasts come at a time when the entire market is facing a downturn, triggering declines in the prices of these assets. Market leader BTC is down 8% this month, while ETH and SOL have respectively collapsed by 9.59% and 9.71%.

XRP is one of the victims of the ongoing turbulence. Its downturn began on March 11, when it dropped from the $0.74 yearly peak. However, XRP showed resilience as March came to a close, resulting in consolidation at $0.6.

Following the mixed sentiments in March, April came up with a more substantial bearish pressure, leading to steeper declines. As a result, XRP eventually broke below the $0.6 support, with a 9.30% drop this month. Over the past 24 hours, volume has also declined by 23.9% to $1.51 billion.

Here’s When Shiba Inu Can Hit $0.0002, $0.002 and $0.02

Sam Wisdom Raphael
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Here’s When Shiba Inu Can Hit $0.0002, $0.002 and $0.02

Shiba Inu has the potential to reach significant price milestones such as $0.0002, $0.002, and $0.02, according to projected timelines from crypto platform Changelly.

The current market dynamics have rekindled hope within several ecosystems. The Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) communities have been some of the most optimistic, as these tokens witness impressive growth, with the bull run still in its early stages.

Shiba Inu (SHIB) is another token with a massive growth rate, currently outperforming the rest of the market with a 193% upsurge year-to-date. For context, Bitcoin has increased by 66%, Ethereum is up 58%, and Solana has rallied 93% within the same timeframe.

SHIB’s current position as one of the best performers this year is majorly due to its meteoric surge from Feb. 24 to March 5, during which it recaptured the $0.000045 zone. Despite a correction from this high, SHIB has retained $0.00003, sustaining optimism among investors.

This optimism has resulted in multiple price predictions that were considered too ambitious three months ago. While SHIB still has its eyes set on the $0.0001 target, projections hinting at the $0.0002 territory have already emerged. 

Projected Timelines for Shiba Inu to Hit $0.0002

To evaluate Shiba Inu’s chances of reaching this milestone, analysts at crypto exchange platform Changelly have presented projected timelines for some of these targets, including $0.0002, $0.002, and $0.02.

In a recent article, Changelly presented its outlook on Shiba Inu’s current position and the prospects of a brighter future. Data confirms that the SHIB FGI shows extreme greed at 79, with the general sentiment surrounding SHIB currently being bullish.

At its current price of $0.00003050, Shiba Inu must skyrocket by a massive 555% to hit the $0.0002 price. While such a surge is feasible, it remains to be seen when SHIB could record it. Changelly analysts believe this could materialize in October 2028, four years from now.

Shiba Inu Price Prediction 2028 Changelly
Shiba Inu Price Prediction 2028 | Changelly

The $0.002 and $0.02 Goals

Meanwhile, the analysts expect Shiba Inu to eventually drop from the $0.0002 price in the following months. However, they predict SHIB will reclaim $0.0002 in 2029 and firmly secure the price level, but they do not believe SHIB could delete another zero until 2033.

Further evaluation suggests that after taking off one more zero from its price, Shiba Inu would reach $0.002 between 2033 and 2040, with the $0.00256 price projected to be its minimum value for January 2040. 

Shiba Inu Price Prediction 2040 Changelly
Shiba Inu Price Prediction 2040 | Changelly

Interestingly, these analysts’ stance on Shiba Inu gets more bullish going into 2040. They predict SHIB will easily delete another zero by June 2040. In addition, data indicates that the market watchers expect the token to double in value and reach the $0.02 price by December 2040.

However, analysts at analytic platform Telegaon hold a different view, predicting SHIB to clinch a massive $0.089 price as its maximum value in 2040. Moreover, Telegaon sees Shiba Inu having a minimum price of $0.054 in 2040, much higher than the $0.02 value projected by Changelly analysts for December 2040.

Can Terra Classic Finally Reach $1 as Binance Burns 4B LUNC

Sam Wisdom Raphael
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Can Terra Classic Finally Reach $1 as Binance Burns 4B LUNC

Binance, the world’s largest crypto exchange, recently burned over 4 billion Terra Classic (LUNC) tokens, reigniting hope in the revival plan and a potential push to $1.

The burn, which occurred on April 1, represents the exchange’s commitment to bolstering the Terra Classic revival campaign. Data from Terra Finder confirms that the exchange incinerated exactly 4,175,855,418 (4.17 billion) LUNC worth $585K+ at current prices.

This figure represents 50% of the fees accumulated by Binance on Terra Classic trades for the month of March, as promised by the leading exchange. Recall that Binance pledged to burn 50% of its LUNC trading fees every month in support of the burn campaign and the revitalization plan.

Binance Sustains Terra Classic Burns

Despite its legal issues with U.S. authorities and the resignation of former CEO Changpeng “CZ” Zhao, Binance has continued to keep to this promise. Notably, the recent 4 billion burn follows a previous 2.21 billion burn transaction carried out by the platform on March 1.

Interestingly, the exchange has promptly kept to its word throughout this year, with the first two burns occuring at the scheduled time. Binance incinerated 5.57 billion LUNC on Jan. 1 and 2.095 billion tokens on Feb. 1. Cumulatively, Binance has now burned over 14 billion LUNC currently priced at $1.96 million.

The exchange has solidified its spot as the biggest Terra Classic burner, with the latest burn transactions bringing its total burns to 57.66 billion since the start of the burn campaign. Notably, the total LUNC burned by all entities has now increased to 114 billion, with Binance accounting for 50% of all burns.

Meanwhile, despite the massive 4 billion burn on April 1, LUNC followed the bearish path of the broader crypto market, collapsing by as much as 5.59% in a major intraday slump. Terra Classic witnessed another drop on April 2, resulting in a subsequent 8.65% collapse. 

LUNC to $1: How Feasible?

LUNC eventually slipped below the $0.00015 price territory, further dampening any hope of a revival move. Notably, the Terra Classic community has continued to push the narrative of a potential rejuvenation for the Terra Classic ecosystem, which could see LUNC rise to $1.

The token burn campaign is at the center of this rejuvenation plan, given that Terra Classic’s collapse in May 2022 was due to a massive unprecedented inflation surge. Interestingly, the community insists that a massive and sustained burn campaign could reduce the token’s circulating supply enough to bolster its chances of reaching $1.

However, at the reporting time, LUNC still has an extensive circulating supply of 5.82 trillion. Despite Binance’s generous contribution, it could take years for the campaign to deplete this supply. At this point, the community would need an unprecedented burn event to reach its goal.

Terra Classic currently trades for $0.0001401 at the reporting time, up by a meager 1% this year despite the rest of the market experiencing an impressive uptrend amid the bull run. LUNC would need to rally by 713,675% from its current position to reach $1.

Ripple to Launch USD Stablecoin on XRP Ledger, Jumping into $150B Market

Abdulkarim Abdulwahab
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Ripple to Launch USD Stablecoin on XRP Ledger, Jumping into $150B Market

Prominent crypto payment firm Ripple has announced its new entry into the $150 billion stablecoin market, planning to launch a stablecoin on the XRP Ledger later this year.

Ripple communicated this new move via a press statement published on its official website in the last few hours. The firm also shared snippets of the update via its official X handle.

Ripple’s Entry into the $150B Market

In the report, Ripple pointed out the flourishing state of the stablecoin market, noting it is currently worth about $150 billion. Moreover, the payment firm cited that the market is expected to bourgeon by about 18 times to hit $2.8 trillion in the next four years. 

In light of the anticipated market share, Ripple plans to launch a stablecoin pegged to the U.S. dollar in a one-to-one ratio before this year ends. Ripple noted that the stablecoin will operate solely on the XRP Ledger and Ethereum in the initial phase.

Meanwhile, in the spirit of cross-chain interoperability, the payment firm plans to welcome other blockchain networks to its stablecoin.

In February, on-chain sleuth Mr. Huber questioned why Ripple had not launched a stablecoin on the XRP Ledger since it leverages the network for its ODL (now Ripple Payments) service. Some pointed out the firm’s commitment to continue using XRP as a bridge currency.

In the latest announcement, Ripple noted that launching a stablecoin aligns with its target of institutional players and the broader decentralized finance space. The overall goal is to merge the gap between the traditional financial landscape and the DeFi spheres.

Notably, Ripple’s stablecoin will be collateralized with U.S. government bonds, USD deposits, and cash equivalents. 

Ripple Executives React

Ripple’s leadership, including its CEO Brad Garlinghouse and CTO David Schwartz, have remarked on the significance of the firm’s new pivot to stablecoins. Garlinghouse said:

“Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto. We have the years of experience … to offer the best of crypto-enabled payments using XRP and our (future) stablecoin together.”

On the other hand, Ripple CTO David Schwartz asserted that the incoming stablecoin will be a game-changer due to XRPL’s DEX and pivotal features like issued assets, auto-bridging, and the AMM.

 

Interestingly, XRP has witnessed a dramatic 4% gain into the $0.6 territory in the last few hours following Ripple’s announcement.

New Tokens on XRP Ledger Could Benefit XRP: XPMarket CEO

Abdulkarim Abdulwahab
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New Tokens on XRP Ledger Could Benefit XRP: XPMarket CEO

Artur Kirjakulov, the CEO of XPMarket.com, has argued that new tokens and the expansion of the XRP Ledger (XRPL) effectively benefit XRP value.

Recently, the XPMarket CEO observed misconceptions circulating in the XRP community regarding the potential impact of new tokens and the expansion of XRPL’s ecosystem on XRP’s value. 

Kirjakulov firmly disagreed with the view that a larger XRPL ecosystem would negatively impact XRP. According to him, the development of XRPL’s ecosystem will have a direct positive impact on XRP. He further presented numerical data to counter the misconception.

The Benefits of a Larger Ecosystem

Kirjakulov pointed out that over 5 million wallets are on XRPL, each requiring 10 XRP to initiate. Accordingly, 50 million XRP are inactive. He underscored that the increase in wallets signifies an increasing demand for XRP.

Drawing an analogy, Kirjakulov likened the XRPL ecosystem to an expanding and enriching party. He explained that the growing number of participants necessitates more XRP for admission, akin to a mandatory fee, which inherently reflects a natural demand for the digital asset.

Furthermore, Kirjakulov examined the advantages of a burgeoning ecosystem through the lens of trust lines. He pointed out that nearly 7.4 million trust lines have been established on XRPL, each with a nominal 2 XRP. This implies that 14.8 million XRP remains unutilized.

The essence is that a blooming ecosystem needs more trust lines; with it, more XRP tokens take a temporary leave of absence from the market.

Demand Through Trading and AMM

Additionally, the XPMarket CEO proved his point in the context of trading on the decentralized exchange (DEX), where each limit order requires 2 XRP to be reserved. He likened this process to individuals saving coins for a rainy day.

Kirjakulov cited statistics from the previous month, revealing over 740,000 trades executed by more than 39,000 traders. He encouraged community members to reflect on the substantial amount of XRP sidelined due to these transactions.

To further illustrate his view, he hinted that market participants locked over 500,000 XRP in liquidity pools as XRPL’s automated market maker functionality launched last month.

XRP Demand from NFTs

Moreover, Kirjakulov underscored the advantages of a growing XRPL ecosystem in the context of NFT. He pointed out that XRPL locks up to 32 XRP to conserve space for NFT storage. As individuals require additional room for new NFTs, the demand for XRP increases.

Kirjakulov emphasized that large NFT collectors are not merely engaging in transactions involving digital images but also demanding XRP for storage purposes. 

The central argument is that projects, including meme coins, contribute to the value of XRP by creating numerous channels that necessitate its use, such as active wallets, trust lines, trading, and NFTs. Kirjakulov urged the community to contemplate a scenario where the ecosystem expands tenfold.

Making $1M with XRP: Bitrue Stirs Debate on Re-investing $1M in XRP or Buying a Tesla

Abdulkarim Abdulwahab
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0
Making $1M with XRP: Bitrue Stirs Debate on Re-investing $1M in XRP or Buying a Tesla

Prominent pro-XRP crypto exchange Bitrue has asked crypto enthusiasts to choose between investing $1 million in XRP or buying a Tesla. 

In a recent post on X, Bitrue sought the crypto community’s view about their best choice should they somehow make $1 million from XRP.

Specifically, the exchange asked if investors would prefer procuring more XRP with their newfound $1 million or simply walk away with the profit and acquire an electric car from the Elon Musk-led automobile company Tesla.

“You just made $1 million from XRP. Do you buy more XRP or a Tesla,” Bitrue curiously inquired.

Community Reacts

This post has sparked significant reactions from community members, with over 106.7K views within 24 hours. 

One of the leading commenters, King Solomon, CEO of Generation Infinity, humorously remarked that the last thing he would consider in such a scenario is buying a Tesla or investing in more XRP assets. This suggests an inclination toward neither option.

X user CoreumPower questioned the rationale behind selling one’s XRP tokens to realize the $1 million sum, much less buying a car. Mickle, a notable figure in the XRP Army, echoed a similar sentiment, asking:

“Why would I sell XRP just to buy more XRP when I could have just kept the XRP?” Moreover, Mickle pointed out that the sales create an avoidable taxable event.

Also, X user Zach Scott believes in not liquidating too many tokens to realize $1 million. Scott noted that his goal from crypto investments is passive income, which will help him generate more free time for leisure activities.

Remarkably, a few commenters even interpreted Bitrue’s post as hinting at possible developments that could significantly impact the value of XRP, potentially leading to some individuals becoming millionaires.

Invest in XRP or Tesla?

On October 9, 2014, Tesla launched the revised version of its best-selling Model S at $69,900. On this date, XRP traded at $0.00486 per historical data from CoinGecko. If an investor instead acquired XRP assets on this day, they would get about 14.38 million XRP.

With XRP’s current price of $0.5757, the 2014 XRP portfolio would be worth a staggering $8.28 million. This hypothetical calculation suggests that investing in digital assets like XRP could be more profitable than buying liability assets like a Tesla Car.

$1M From XRP: Skepticism Abounds

Meanwhile, skeptics such as JÜdes hinted that generating $1 million from XRP is a far-fetched dream. In particular, JÜdes humorously stated that one would have to wait about two decades, holding 2 million XRP acquired at $0.5 each. 

Similarly, X user Hodlmonkey remarked: “You make $1 million from XRP by buying $2 million worth and then just wait a little while.”

Essentially, these commentaries express skepticism regarding the potential of XRP to generate $1 million for an investor. The views reflect the broader sentiment that XRP is an underperforming asset despite its utility.

KuCoin Launches XRP Price Prediction Challenge with Rewards

Lele Jima
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0
KuCoin Launches XRP Price Prediction Challenge with Rewards

KuCoin announces a new prediction challenge centered around top crypto assets like XRP, BTC, ETH, and SOL. Participants will have a chance to share in a prize pool of $30,000.

The leading exchange disclosed the details of the prediction challenge in a post today on X.

Details of the Contest 

The contest is about determining which crypto asset among Root Network (ROOT), XRP (XRP), Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) will have the most price gain. 

Specifically, ROOT will challenge XRP, BTC, SOL, and ETH to determine the best performer for each day. The activity will span from April 5 at 00:00 (UTC) to April 8 at 23:59 (UTC). 

According to the announcement, the challenge comprises four rounds: ROOT vs. BTC on April 5, ROOT vs. ETH on April 6, ROOT vs. SOL on April 7, and ROOT vs. XRP on the last day, April 8. Each round will only last for 24 hours. 

Notably, the daily prize pool for each challenge is $5,000, while the grand prize pool is $10,000, bringing the total rewards to $30,000. 

Rules of the Competition 

To participate in the challenge, KuCoin users will predict which coin will record the more gains during each day of the activity period. The event is only available to KuCoin users with daily spot and futures trading volumes of at least 200 USDT and 500 USDT, respectively. 

Users who meet the trading requirement can predict the best performer for each round for a chance to partake in the prize pool worth $30,000. In addition, users can receive up to 50 votes a day based on the daily accumulated volume.

Each user will only be allowed to vote for one coin daily, irrespective of the number of prediction votes. 

For instance, a user with 25 prediction votes who selects XRP as the best performer on April 8 cannot vote for ROOT on the same day. This implies that the user will spend all 25 votes on XRP on that particular day before that round expires.  

Notably, KuCoin will only accept predictions entered between 00:00 and 16:00 (UTC) during the activity period. 

Prizes are structured based on the number of each user’s total correct predictions divided by the total number of votes by all users and multiplied by the prize pool. KuCoin will announce a date on which it intends to distribute the rewards to the winners. 

Broader Crypto Market Sees Red 

In the meantime, the broader crypto market is currently in red, as all the assets featured in the challenge have registered slight declines in the past day. 

At press time, XRP was down 2.4% over the past 24 hours to $0.57, BTC has registered a decline of 0.5% within the same timeframe to $66,175, while ETH is trading at $3,326, down 0.5% in the daily charts. 

Also, SOL is down 2.8% to $185.52 in the past day, while ROOT has lost 5.3% of its value. The coin was changing hands at $0.089 at the time of writing.

Top Analyst Unveils Shiba Inu Price Targets, Sets Distribution Price at $0.00008488

Sam Wisdom Raphael
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Top Analyst Unveils Shiba Inu Price Targets, Sets Distribution Price at $0.00008488

A pseudonymous market analyst recently provided a detailed analysis of Shiba Inu price trajectory for 2024, identifying a distribution price of $0.00008488.

In a detailed post on market platform TradingView, the analyst stressed that the objective of his analysis is to assist small investors by providing them with an understanding of SHIB’s accurate pricing structure and insights into the actual market dynamics.

The analysis comes up at a time when Shiba Inu is witnessing a downtrend with the rest of the market, having relinquished multiple support levels to the bears. While market sentiment has turned bearish as SHIB drops to $0.00002648, some analysts expect a recovery soon.

Shiba Inu Price Targets for 2024

The latest analysis lists a series of projected prices for Shiba Inu at various points in 2024. These prices are provided as potential targets or levels that SHIB could reach. The list starts with lower prices and gradually increases, indicating a bullish outlook on Shiba Inu price. 

At the lowest point is the $0.00005049 price, representing a 90% increase from Shiba Inu’s current price. The list progresses to $0.00005126 before pushing toward $0.00005393. Notably, the next price level, $0.00005486, represents the last value at the $0.00005 territory.

The market watcher’s price list then projects a Shiba Inu move to $0.00006291 once it conquers $0.00005. A breach of this level could then take SHIB to a $0.00006735 price before it eventually reclaims $0.00007578. For context, hitting this level would mark a 186% rise in Shiba Inu’s current price. 

Shiba Inu Price Targets for 2024 Skill Knowledge Conduct
Shiba Inu Price Targets for 2024 | Skill Knowledge Conduct

Interestingly, the list looks further up despite the ambitious nature of the lower targets, setting up price targets at $0.00007711 and $0.00007855. The final price mentioned is a distribution price of $0.00008488, which is just 4% below Shiba Inu’s all-time high of $0.00008845. 

Failed Retest Sparks Concerns

However, the analyst also highlighted potential areas of concern or “leaks” in the price movement. He pointed out that during last December, there was a manipulation or anomaly in the data that could potentially affect the price, suggesting a level of $0.00001249 to watch out for.

He noted that while a support level was found in December 2023, the correct move in January this year should have been to return to that level and complete a retest. However, he observed that this did not happen, indicating a possible trap for a repeat cycle. He advises monitoring the area for a drop to $0.00001045.

Shiba Inu Price Remains Bullish Long-Term

Despite the potential pitfalls mentioned, the analyst remains optimistic about Shiba Inu’s long-term prospects. Conclusively, he stated that even if the market reaches the projected prices, he still expects a drop to the levels he identified earlier. Overall, he maintains a positive outlook for the cryptocurrency’s long-term performance.

Meanwhile, SHIB has dropped 13.21% this month to the current price of $0.00002648. Amid the downturn, another analyst Bunchhieng believes Shiba Inu is on the verge of recording a second rally similar to the one observed from late February to early March.

Shiba Inu Downtrend Boucchieng
Shiba Inu Downtrend | Boucchieng

Data from his chart suggests that SHIB currently trades within a downtrend on the daily timeframe. A possible breakout to the upside could allow Shiba Inu engineer an impressive price run, with $0.00004567 highlighted as a major price target.

New Trailer for XRP Documentary Dropping Tomorrow

Abdulkarim Abdulwahab
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0
New Trailer for XRP Documentary Dropping Tomorrow

Fruition Productions, the media firm overseeing the production of the much-awaited XRP documentary, “XRP Unleashed,” has teased the coming of a new trailer.

The team disclosed the new move in a recent post on X, noting that the trailer will drop tomorrow, Friday, March 5. Fruition Productions expressed excitement about providing an update on the development of the documentary.

Additionally, the team expressed gratitude to the individuals interviewed thus far during the production process of the XRP film.

XRP Unleashed

Remarkably, the upcoming trailer for XRP Unleashed marks the second short video in the series aimed at narrating the XRP story. Recall that in early February, Fruition Productions debuted the initial glimpse into the highly anticipated XRP documentary, which garnered a notably positive response from community members.

Remarkably, earlier reports from Fruition Productions suggested that the XRP documentary will be available on Netflix.

Significantly, XRP Unleashed aims to capture the complex events surrounding XRP and Ripple. In particular, it seeks to narrate the XRP story from the U.S. regulatory lawsuit to the resulting market disruption. This includes the controversies that ensued during the legal proceedings, particularly the infamous Bill Hinman speech.

Fruition Productions delved into this theme through in-depth discussions with well-known crypto influencers, Ripple personnel, financial advisors, and legal experts. 

The First Trailer

In the February trailer, the media company released a two-minute video featuring renowned figures in the XRP community, including attorney John Deaton, Valhil Capital, and Zach Rector.

Part of Zach Rector’s commentary during the interview was that the SEC aimed to exert authority over crypto, and Ripple and XRP were the prime targets. He asserted that the regulator targeted XRP because it was the most substantial threat to the traditional financial system.

Similarly, in his part in the upcoming XRP documentary, pro-XRP attorney John Deaton labeled the U.S. government the “biggest bullies.” Deaton lamented that the SEC’s lawsuit against Ripple technically triggered a bank run that collapsed XRP’s value, which had devastating implications for individuals with their life savings in XRP.

Notably, concluding the February trailer, Deaton hinted at an escapade into ETHGATE, a longstanding scandal surrounding Ethereum’s favorable treatment by the U.S. SEC.

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