So, XRP just decided to throw a party and surged by 20% in the last 24 hours, hitting a price of $2.69 after a cheeky flirt with $2.97. 🎉 And guess what? Trading volume skyrocketed by a jaw-dropping 602.41%, now sitting pretty at $22 billion. With a market cap of $155 billion, this little digital darling is being whispered to reach a staggering $77.7 soon. Can you believe it? 😲
The rally was sparked by none other than President Donald Trump, who, in a plot twist worthy of a Netflix series, announced his grand plan for a “US Crypto Reserve” on Truth Social. This shiny new initiative will feature XRP, Solana (SOL), and Cardano (ADA), alongside the big boys, Bitcoin and Ether. Because why not? Let’s throw a crypto rave! 🎊
“A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration. My Executive Order on Digital Assets is like a superhero cape for the crypto world, directing the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the US is the Crypto Capital of the World,” said Trump, probably while wearing a cape. 🦸♂️
XRP Price Bullish Forecast
According to the ever-dramatic analyst “Dark Defender” on X (formerly Twitter), XRP is gearing up to test some serious resistance levels at $5.85, $8.03, and $18.22. He’s even predicting a mid-term target of $77.7. I mean, who doesn’t love a good chart with a long-term Elliott Wave pattern? 📈
Dark Defender claims XRP is currently in the third wave of this Elliott Wave pattern, which is like the rollercoaster ride of crypto—hold on tight! If all goes according to plan, we might see a correction (wave 4) before the fifth wave catapults XRP to new all-time highs. Buckle up! 🎢
Meanwhile, the RSI is chilling at 54.12, which means the bulls are still in charge. But don’t get too comfy; a retest of lower levels might be on the horizon before XRP claims that coveted $3 price tag. 🐂
Significant Inflows
This optimistic forecast comes on the heels of a CoinShares report revealing a dramatic shift in market dynamics. The broader crypto market just experienced a record-breaking outflow of $2.9 billion from digital asset investment products. Ouch! Bitcoin took the biggest hit with a $2.59 billion outflow, followed by Ethereum’s $300 million. 😬
But wait! XRP decided to be the rebel and attracted a $5 million inflow, showing that institutional interest is still alive and kicking. Meanwhile, other major altcoins like Solana (-$7.4 million) and Toncoin (-$22.6 million) are still facing the dreaded outflows. Talk about a plot twist! 🎭
Read More
- KAITO PREDICTION. KAITO cryptocurrency
- Fauji director Hanu Raghavapudi shares BIG update on Prabhas starrer period war drama; ‘We have created…’
- Dead Man’s Wire Cast Adds Colman Domingo to Gus Van Sant’s Hostage Thriller
- PHOTO: Demonte Colony director Ajay Gnanamuthu marries longtime girlfriend; Chiyaan Vikram attends in style
- Lily Collins’ Husband Responds to Backlash Amid Surrogacy Controversy
- Who Is Returning on Days of Our Lives This Week?
- Bigil OTT release on Valentine’s Day: Where to watch Thalapathy Vijay and Nayanthara’s sports action drama online
- Invincible Season 3 Reviews Deliver the Best Rotten Tomatoes Score Possible
- ‘As long as audience believes they’re husband and wife’: Pragya Jaiswal on working with Nandamuri Balakrishna despite double age gap
- Solana Leaves Competition In The Dust: Blazing Speed To Fuel Price Surge?
2025-03-03 20:04