An XRP community figure has suggested that when XRP skyrockets to higher prices, it won't make a difference what price he procured it today. Over the past few weeks, XRP has been fluctuating between $2.2 and $2.6, looking to recover from the Oct.
How could the XRP price react if burns from the Ripple escrow reduce the token's total supply by 20%? Right now, XRP boasts a massive total supply of 99.9 billion tokens.
A recent Glassnode report has identified one factor contributing to pressure on the XRP price, as long-term holders ramp up profit-taking trades. The latest disclosure comes on the back of the ongoing struggles the market has faced over the past few days, despite clear macro tailwinds such as the recent Federal Reserve 25-bps rate cut, confirmation of an end to quantitative tightening in December, and easing trade tensions between China and the U.S.
A well-known analyst has identified the crucial area XRP would have to pull back to before it can stage a full recovery to previous highs. For context, XRP has been trying to regain its footing after the sharp drop on Oct.
An XRP community figure recently suggested that assets like XRP are "golden geese," explaining how one could make them feed one's family forever. Notably, as investors continue to anticipate an XRP rally to new highs, most of them still don't know what they'll do once XRP reaches those ambitious price targets besides selling it off for profit.
The Ripple CTO, David Schwartz, recently suggested that the XRP value proposition is that it allows people to be their own banks without depending on middlemen. His comments came after Western Union chose Solana over the XRP Ledger (XRPL) to build its stablecoin, a decision that led to discussions across crypto circles about whether XRP still holds unique value within the crypto scene.
With gold recently seeing new ATHs, how high would XRP price go if the market witnessed a 5% capital rotation from gold to XRP? While the broader crypto market has faced bearish pressure, leading to price struggles for Bitcoin (BTC) and altcoins like XRP, gold has been an excellent performer.
Prominent analyst EGRAG Crypto insists XRP has not reached its top for this cycle, leveraging the Gaussian Channel to share his bull run target. Notably, XRP and the wider crypto market started a recovery earlier this week, but the momentum has slowed as prices met resistance.
Uphold has reintroduced its U.S. debit card, giving customers a new way to earn XRP rewards whenever they spend.
A prominent analyst has identified similarities between the current price action and the 2017 run, suggesting that XRP is gearing to melt faces. Notably, despite the latest resistance to the recent market recovery push, XRP has shown resilience, maintaining a 6.85% gain over the past week.
Responding to questions from a curious mind, the Ripple CTO, David Schwartz, has mentioned three reasons XRP launched with a supply of 100 billion tokens. Notably, when David Schwartz, Arthur Britto, and Jed McCaleb built the XRP Ledger in 2012, they launched XRP as the network's gas token, with its total supply set at 100 billion coins.
A market analyst has suggested that while Ethereum would soon explode, XRP will likely outperform the king altcoin in the near future. This daring commentary came from CryptoBull, a prominent market watcher, on the back of the latest market recovery push.
Bitwise put Solana ETF discussions in the spotlight this week with the launch of its new product, the Bitwise Solana Staking ETF (BSOL). Notably, the fund began trading on NYSE Arca and was one of three altcoin ETFs that went live yesterday after securing regulatory approval despite the ongoing government shutdown.
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