Elliott Wave expert predicts XRP could surge to $20 as technicals turn bullish and Ripple expands U.S. presence through strategic acquisitions.
XRP enters a re-accumulation phase with steady retail flows and declining whale activity on Binance. Analysts predict a recovery toward $3.20 if the $2.20 support holds, driven by growing institutional confidence in XRP ETFs.
Ripple’s XRP dropped 7% as U.S. spot XRP ETFs recorded their first outflow of $40.8 million, ending a 36-day inflow streak. Analysts warn of selling pressure and further declines amid bearish indicators and regulatory uncertainty.
XRP Ledger experiences a significant surge in whale activity, reaching a three-month high in large transactions, with implications weighing heavily on its price.
Ripple’s SVP of Stablecoins has unveiled the ‘Yield Engine’ on Ripple, allowing users to generate yield with stablecoins through DeFi lending and staking.
XRP shows signs of a 34% breakout based on a forming inverse head-and-shoulders pattern, but on-chain data reveals mixed signals in buying pressure. Keep an eye on the neckline level for a potential breakout.
The cryptocurrency market is facing a period of consolidation as Bitcoin and major altcoins face resistance near their overhead levels.
Ripple’s president, Monica Long, has announced that the company will not pursue an initial public offering (IPO) in the near future, despite its $40 billion valuation and Wall Street backing, opting instead to remain private and focus on its current growth plans and innovations.
A Ripple executive provides clarity on XRP’s regulatory status in the U.S., affirming it as a virtual currency and not a security, and discusses Ripple’s push for growth.
Ripple President Monica Long confirms the company has no plans for an IPO, focusing instead on private growth and global payments innovation following a $500 million fundraise.