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The XRP price has seen some level of recovery over the last two days that has seen positive sentiment returning to the latocin once again. This has carried forward with the expectation that the price will continue to surge. One crypto analyst in particular, who goes by RLinda, has revealed why the cryptocurrency is set to surge 70%. XRP Price Completes A False Breakdown In the analysis that was posted on the TradingView website, crypto analyst RLinda outlined a number of reasons why the XRP price may be getting ready for a surge. One of these reasons is the fact that the altcoin has completed a false breakdown. Related Reading: Ethereum Resurgence: TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree This is referring to the price crash that sent the price falling from $0.7 to $0.42, recording an almost 50% crash. However, the crypto analyst believes that this crash was bullish for the coin as it was basically a false breakdown, followed by a breakout. In scenarios such as this, the XRP price could be headed for a breakout similar to the breakdown and eventual recovery between August and November 2023. Such a case could see the price rise 50% with a higher end of 70%. Source: Tradingview.com Additionally, the XRP price has also been in long term consolidation, another factor that could contribute to this breakout. “XRPUSDT is forming a technical false break of support, in the long term consolidation above the zone should be formed with the purpose of continuation of growth, the potential of which can be opened by 50-70%,” the analyst stated. The State Of XRP XRP has already seen investors returning once it was clear the worst of the crash. Crypto whales, in particular, have been making their bets, moving 600 million XRP tokens. As NewsBTC reported, whales holding between 10 million and 100 million XRP increased their holdings by 30 million in just one week. But even more interesting is the fact that they have moved up to 600 million tokens in the space of two weeks. Related Reading: Ripple Vs. SEC Update: Is The Lawsuit Finally Coming To An End With A Settlement? These moves come ahead of crypto analysts prediction major upside for the cryptocurrency. One of those is crypto analyst Egrag Crypto who predicted that the XRP price is ready to spike as high as $1.4. This would mean an over 100% increase in price. However, XRP has not exactly been the market favorite in recent times. Its daily trading volume has seen a notable decline, with Coinmarketcap reporting a 20% drop to $1.33 billion in the last day. Nevertheless, the altcoin remains the 7th-largest in the space, with a market cap of $30.3 billion. XRP struggles above $0.5 | Source: XRPUSDT on Tradingview.com Featured image from Coinpedia, chart from Tradingview.com

XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End

There has been a noticeable uptick in network activity in the broader Ethereum ecosystem. According to Dune Analytics, excluding Ordinals-related addresses, there are over 10 million wallets actively engaging with the mainnet and Ethereum layer-2 solutions like Base, Optimism, and Arbitrum. Ethereum Ecosystem Vibrant: Record 10 Million Active Wallets This milestone is a direct result

Ethereum Ecosystem Hits 10 Million Active Wallets Weekly: Will It 10X In The Next Bull Run?

s Bitcoin (BTC) Stuck In $66,000 Zone? Bonk (BONK) Secures 80% Breakthrough, Ethereum (ETH) Enters Battle Mode

Investors seeking exposure to the second-largest cryptocurrency, Ethereum ($ETH), via exchange-traded funds (ETFs) may face a longer wait than anticipated, but despite this delay, investment bank Standard Chartered remains bullish on the cryptocurrency market. The bank recently revised its previous timeline for U.S. approval of spot Ether ETFs, originally expected in May, according to a

Standard Chartered Remains Bullish on Crypto as Ether ETF Approval Delays are ‘Priced in’

Vitalik Buterin, a co-founder of Ethereum, has addressed vital issues around ZKasino fraud. He also addressed the incorrect use of the term “Zero-knowledge” (ZK) in connection with a major fraud. The scandal involved about $33 million worth of Ethereum (ETH) lost to the platform’s fraudulent actions. ZKasino Accused of Misusing Ethereum in Lido ZKasino claimed The post Ethereum Co-founder Vitalik Buterin Criticizes Misuse of “ZK” in ZKasino Scandal appeared first on CoinGape .

Ethereum Co-founder Vitalik Buterin Criticizes Misuse of “ZK” in ZKasino Scandal

A sudden sell-off has engulfed the crypto market with Bitcoin price losing as much as 3% of its value in 24 hours to $64,840. The largest cryptocurrency is not the only digital asset in the red, seeing that altcoins like Ethereum and Solana are down 2.1 and 4.5%, respectively. This downturn across the board reflects The post Bitcoin Price: Is BTC Going To $60K This Week? appeared first on CoinGape .

Bitcoin Price: Is BTC Going To $60K This Week?

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.

Protocol Village: SEDA, Data and Computation Network, Launches Mainnet Genesis

Nubank customers will be able to send and receive Bitcoin, Ethereum, and Solana using its app.

Latin American Fintech Giant Nubank Enables Bitcoin Withdrawals and Deposits: Report

Major cryptocurrency investors, colloquially known as “whales,” have been accumulating the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), adding nearly $500 million worth of it to their stashes over the last few weeks. According to data shared by popular on-chain analysis service Lookonchain, large cryptocurrency whales have been accumulating the second-largest cryptocurrency over the last

Whales Accumulate $ETH: Major Investors Scoop Up $500 Million in Ethereum

An Ethereum wallet, possibly TRON founder Justin Sun, withdrew nearly $50 million in Ether from Binance and bought nearly $470 million worth of the altcoin between April 8 and 24. Ether accumulation by whales is typically considered a positive sign for an asset. Ethereum whale accumulates ETH despite flat price Lookonchain, an on-chain crypto data

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