XRP could become a potential go-to tool for FX hedging amid the growing need to hedge against FX fluctuations among corporate treasuries. For context, foreign exchange (FX) hedging is a practice that helps companies and investors manage the risks that come from currency fluctuations.
The first U.S. spot exchange-traded funds (ETFs) for Solana (SOL), Litecoin (LTC), and Hedera (HBAR) have officially begun trading.
Crypto analyst AiMan recently revealed a personal investment of a quarter million dollars in XRP during the latest price dip. The purchase, which he said amounts to about 100,000 XRP, comes as the asset attempts to recover from the dip.
The XRP Stoch RSI has formed a golden cross on the weekly timeframe — an occurrence that previously led to massive price spikes. With XRP currently recovering from the latest market turbulence, multiple market experts believe it could be on the brink of a massive rally.
The Ripple CTO, David Schwartz, has confirmed that the company can sell the rights to receive XRP tokens locked in its escrow accounts. He made this clarification during a community discussion that began after software engineer Vincent Van Code raised questions about how crypto data trackers report XRP's circulating supply compared to Bitcoin's.
The host of the Working Money channel recently shared a bullish outlook on XRP, citing multiple experts to make a case for a run to two digits. His commentary suggested that a $15 price for XRP could be feasible in the long run.
LMAX Group strategist Joel Kruger believes the Bitcoin and crypto market is staging a strong comeback after weeks of struggle following the Oct. 10 crash.
XRP has the potential to reach higher price levels if it maintains its market dominance when the total crypto market cap hits $10 trillion, $50 trillion, or $100 trillion. The global crypto market now stands at about $3.8 trillion, and analysts believe it still has plenty of room to grow.
Dom Kwok, the co-founder of EasyA, has insisted that XRP has a much stronger chance to surge a hundredfold compared to Bitcoin. Kwok made this assertion in a recent discussion within the XRP community after he countered claims from Coinbase CEO Brian Armstrong that crypto assets like Bitcoin (BTC) and Ethereum (ETH) are not too expensive for the average retail investor.
XRP open interest on Binance has again reset to yearly lows, giving the XRP market more room to breathe. This is largely due to the Oct.
A well-known XRP community figure recently called attention to a tightening XRP liquidity on Binance, arguing that a large buy could push prices up. Notably, XRP has recently recovered to above $2.6 after days of range-bound price action.
How much would the XRP price have grown by 2035 if the XRP Ledger (XRPL) introduced a fee-burning mechanism like Ethereum's EIP-1559? For context, the XRPL already destroys a small amount of XRP with each transaction, but this feature only exists to prevent spam, not to generate revenue or reduce supply over time.
What could XRP price rise to by 2030 if staking protocols lock up 80% of the token's circulating supply? Notably, the XRP Ledger (XRPL) has been around for more than ten years, yet it still doesn't include a built-in staking feature.
Software engineer Vincent Van Code says he hasn't seen an investment like XRP in his entire lifetime, insisting it has low risk but high potential. Vincent Van Code said this while highlighting how every investment decision carries risk and the potential for returns.
Despite the ongoing XRP price struggles, prominent market watcher EGRAG insists the altcoin shows no bearishness, as its chart still shows strength. For context, XRP has been one of the biggest victims of the ongoing broader market downturn.
Market technician Javon Marks has identified a repeating structure on the XRP chart that could push prices to a new all-time high. Marks' commentary came amid XRP's price struggles, which appear to be nearing an end.
Bitcoin saw a brief spike on Friday after new U.S. inflation data came in lower than expected, but the rally faded just as quickly as it began.
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