AMA on X

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#Crypto Market Rebound# Three signs that the XRP price, which has been sideways for months, will soon rise. Ripple’s “multiple purchases” and XRPL upgrades support the bullish case for XRP. XRP futures reached $542.8 million in volume in its first month. Elliott Wave analysis and bullish pennant suggest that the XRP price could rise to $5-$14. The XRP (XRP) price has been stuck in the $2-$2.6 range since early March, showing no clear directional trend. However, several factors suggest that this stagnation could lead to a significant breakout into double-digits in the near future. Ripple acquisitions and XRP Ledger upgrades Ripple’s strategic moves to expand its ecosystem are a major catalyst for XRP’s potential breakout. The $1.25 billion acquisition of prime broker Hidden Road strengthens the company’s case for serving institutional investors. Ripple said it will use one of its stablecoins as collateral for Hidden Road’s suite of brokerage services. Ripple chief technology officer David Schwartz said other acquisitions are on the table. “Our M&A team is very busy,” Schwartz told DL News in New York. “We have a lot of potential acquisitions in the pipeline, from early to late stage.” Ripple is aggressively targeting traditional finance companies. Metaco and Standard Custody are among the notable acquisitions in the pipeline. According to Schwartz, Ripple plans to upgrade the XRPL blockchain to include more “programmability” and a new lending protocol. The latest partnership with Wormhole aims to expand multi-chain interoperability for the XRP Ledger (XRPL) and the upcoming XRPL EVM Sidechain. Similar to Ethereum’s evolution, these upgrades promise to increase scalability and interoperability, which could strengthen XRP’s demand for cross-border payments and DeFi applications. As Ripple strengthens its infrastructure and partnerships, increased adoption could push XRP’s price beyond its current range. Growing interest in XRP futures Growing interest in XRP futures could lead to a significant rise in the XRP price thanks to increased institutional participation and market liquidity. Since its launch on May 19, both standard and micro XRP futures contracts have garnered a total nominal trading volume of over $542.8 million. This reflects strong interest from institutional and individual investors, according to the latest report. “The launch of XRP futures has rapidly demonstrated significant market interest and widespread participation,” it noted, noting that $19.3 million in trading volume was achieved on the first day across 15 companies and four individual trading platforms. “This diversified participation, spanning from ETF issuers to individual investors, demonstrates strong demand for XRP futures.” He noted that over 24,600 contracts changed hands in the first month, with almost 50 percent of participants coming from outside the U.S. Furthermore, a possible spot XRP ETF approval could provide more capital inflows into XRP investment products, cementing XRP as a mainstream asset and pushing its price higher. The odds for an XRP ETF approval by December 31 are currently at 76 percent. XRP price techniques hint at an impending breakout The crypto analyst said the XRP price could be preparing for a major breakout. The analyst said in a statement that the recent pullback to $1.9 was “setting the stage for a faster bull run to the upside.” He also added that the price retested the 0.618 Fibonacci level around $2. An accompanying chart predicts a breakout to $5 based on Elliott Wave analysis. He stated that his target for this cycle is between $20 and $30. This coincides with other analyses based on Fibonacci extension levels around the symmetrical triangle, which point to a range of $8 to $27 for the XRP price. A positive breakout from the pennant could initiate the next bullish leg for XRP, taking the price to $14, a 564% increase from its current level. The next major upward move for XRP is likely to begin when buyers push the price above the upper limit of the current consolidation range at $2.65, which could pave the way for a rally to $3 and above.

Appchains aren't the future. They're the present — and a certain network is making them effortless.

In this ever-changing Crypto Assets market, we once again welcome a moment worth following. Bitcoin and Ethereum, the giants of the Crypto Assets world, are experiencing an exciting phase. The latest market dynamics show that Bitcoin and Ethereum have fallen back to the bottom of the consolidation range, which may indicate that a new buying opportunity is forming. For investors who have been looking for an entry point, this is undoubtedly a signal worth following. Specifically, the key price range for Bitcoin is between 105,800 and 106,500, while Ethereum fluctuates between 2,380 and 2,400. These price levels provide a relatively safe entry point for short-term traders, while also offering an opportunity for long-term holders to increase their positions. However, we must always remember that the volatility of the crypto assets market is extremely high. Therefore, setting reasonable stop-loss points is crucial. It is recommended to set the stop-loss within 30 points to control potential risks. Although the current market seems to show bullish signals, investors should remain cautious. Closely follow market trends and make informed decisions based on their own risk tolerance, as this is the key to successful investing. Finally, I want to emphasize that investing in Crypto Assets requires continuous learning and follow. The market changes every day, with new opportunities and challenges constantly emerging. Let us grow together in this market full of opportunities and challenges, and witness the evolution of the Crypto Assets world.