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Trump’s Crypto Announcements Could Propel XRP Beyond Resistance Levels

Donald Trump’s recent statements have stirred notable excitement in the cryptocurrency sector. This buzz aligns with the much-anticipated launch of a yet-to-be-priced Ethereum (ETH) ETF, which could trigger significant movements The post Trump’s Crypto Announcements Could Propel XRP Beyond Resistance Levels appeared first on COINOTAG NEWS .

Analyst Says XRP Remains Strongest Compared To Bitcoin And Ethereum, Here’s Why

Crypto analyst RLinda has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum’s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has underperformed since the start of the year. XRP Is The “Strongest” In The Market RLinda mentioned in a post on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its “improving fundamental backdrop.” She alluded to the long-running legal battle between the US Securities and Exchange Commission (SEC) and how Ripple CEO Brad Garlinghouse recently stated that he expects the lawsuit to end “very soon.” Related Reading: Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First RLinda also mentioned the rumors that the SEC’s closed-door meeting on July 25 was related to a potential settlement with Ripple. As such, these bullish fundamentals have led to rising trading volumes, prices hitting local highs, and increased whale activity. Bitcoinist recently reported that XRP whales accumulated over 140 million XRP tokens this past week. Network activity on the XRP Ledger (XRPL) has increased significantly, with a notable increase in the number of new addresses on the network and total addresses interacting on the network, both metrics at their highest levels since March. This again highlights the bullish sentiment that investors are beginning to have towards XRP in anticipation of higher prices. These investors expect that the conclusion of the legal battle between the SEC and Ripple could trigger a massive rally for XRP, especially considering that this case is believed to have been a stumbling block to XRP’s growth in the 2021 bull run. XRP is also long overdue for such a rally, seeing how it has consolidated for over six years. As such, an end to the lawsuit could provide the much-needed catalyst to spark such price movement. Interestingly, crypto analysts like JackTheRippler previously predicted that XRP could climb as high as $100 once the case between the SEC and Ripple ends. Key Price Levels To Watch Out For RLinda mentioned that the price range between $0.6378 and $0.5712 is worth paying attention to from a technical perspective. She claimed that XRP’s price may test liquidity below the support before subsequent growth if it fails to break the resistance level at $0.6378. She also highlighted another crucial resistance level at $0.7440. Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline Meanwhile, according to RLinda, $0.5712 and $0.5100 are crucial support levels that XRP needs to hold above, as a drop below these levels could invalidate its bullish outlook. The analyst again alluded to the lawsuit and asserted that it would give XRP a “second life.” She suggested this could lead to a successful breakout from the $0.6378 price level, which she added will “open a new path” for the crypto token. At the time of writing, XRP is trading at around $0.6, up almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

Pro-XRP Lawyer John Deaton Discloses 80% Of His Net Worth Is In Bitcoin

Massachusetts Republican senatorial candidate and pro-XRP attorney John E. Deaton reportedly holds 80% of his personal wealth in the world’s largest cryptocurrency by market value, Bitcoin (BTC), making him one of the most bullish politicians in the United States. Deaton also holds other cryptocurrencies, including Ether, XRP, and Solana. Outspoken Crypto Defender John Deaton’s Crypto

Trump’s Announcements Influence Crypto Market Predictions

Trump's announcements could impact the crypto market significantly. XRP faces resistance at $0.64, with potential support at $0.5 and $0.41. Continue Reading: Trump’s Announcements Influence Crypto Market Predictions The post Trump’s Announcements Influence Crypto Market Predictions appeared first on COINTURK NEWS .

BlackRock Casts Doubt On SEC Approval For Spot XRP, Solana, And SHIB ETFs — Here’s Why

Despite the successful launch of spot Ethereum (ETH) exchange-traded funds (ETFs) this week, hopes for the possible advent of other altcoin ETFs seem far-fetched. This is after an executive at the world’s largest asset management firm, BlackRock, indicated that the Ether ETFs are unlikely to open the door to highly regulated funds that track the

Singapore reports increased use of crypto to fund terrorism

Singapore is facing a troubling trend: more and more cryptocurrencies are being used to fund terrorisms around the world. The Ministry of Home Affairs (MHA) recently reported that, while traditional cash and informal systems still dominate, cryptocurrencies are becoming a big issue. In their words: “Although there is increasing use of cryptocurrencies, the predominant means

Solana (SOL) Poised for Further Gains Amid Market Pressures on Ethereum (ETH) and XRP

Ethereum’s recent price action has sparked considerable discussion within the crypto community. Analysts are drawing parallels between Ethereum’s post-ETF approval behavior and Bitcoin’s historical trends. Investor morale has been further The post Solana (SOL) Poised for Further Gains Amid Market Pressures on Ethereum (ETH) and XRP appeared first on COINOTAG NEWS .

Trump Raises Over $4 Million in Crypto Donations for Campaign

Trump raised over $4 million in crypto donations for his campaign. XRP's value dropped 1% and trading volume fell 14% in 24 hours. Continue Reading: Trump Raises Over $4 Million in Crypto Donations for Campaign The post Trump Raises Over $4 Million in Crypto Donations for Campaign appeared first on COINTURK NEWS .

Ripple CLO Stuart Alderoty Donates $300,000 in XRP to Trump’s Presidential Campaign

The Chief Legal Officer of Ripple Labs, Stuart Alderoty, has recently made headlines with his significant contribution to Donald Trump’s presidential campaign. This hefty donation, reported by CNBC, underscores the The post Ripple CLO Stuart Alderoty Donates $300,000 in XRP to Trump’s Presidential Campaign appeared first on COINOTAG NEWS .

Ripple CLO Alderoty Donates $300,000 In XRP To Donald Trump

The Chief Legal Officer (CLO) of Ripple Labs, Stuart Alderoty, has contributed $300,000 in XRP to Donald Trump’s presidential campaign. According to a CNBC report, the donation was made on June 11, 2024, and became public just yesterday. Notably, Alderoty recently attended a Trump fundraising event hosted by venture investor David Sacks in San Francisco.

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