Author: Milton

Egrag Reaffirms Bold $17–$33 XRP Price Prediction With a strong assertion to the XRP community, influential market analyst Egrag has once more issued a bullish XRP price prediction. The analysts stated that even with the sluggish movement and doubts within the market, any targets in the double-digit ought to be realistic. Egrag reminded investors that past projections might be delayed more than they should have been. However, the entire long-term structure of XRP is still intact. The most unique element of his very recent message is a spiritual touch, which ordinarily does not feature in technical analysis. Egrag had defined…

XRP ETFs Break Records Despite Institutional Hesitation The cryptocurrency market has seen a surge in interest for XRP ETFs following the introduction of a new fund by Canary Capital. The fund generated over $58 million in trading volume on the first day of its launch. This marked the highest initial trading volume of any of the 900 ETFs launched this year. On the first day of launch, inflows reached $250 million. Despite the good performance, some of the key asset managers are still cautious. According to a spokesperson, BlackRock, a company that introduced Bitcoin and Ethereum ETFs last year, has…

Ripple and RedotPay Partner to Boost RLUSD Adoption Globally Ripple has also signed a new partnership with RedotPay, an international fintech company that focuses on payment systems based on stablecoins. Another move toward the adoption of RLUSD in the real-world payments market, the partnership adds a Send Crypto, Receive NGN feature, which is integrated directly into the Ripple cross-border payment infrastructure. Users are enabled to transfer XRP, RLUSD, or other available digital assets under the new system, with RedotPay automatically converting incoming transfers to Nigerian Naira. Money is deposited into accounts in the local banks within minutes, making international remittance…

This week is the week of XRP regulation expansion, with Ripple obtaining a significant upgrade to its payment services license in Singapore. The upgrade has come at a very crucial time, with XRP price dropping by 5% on Monday and falling back to a key support level of $2.00. Nonetheless, improved Ripple regulatory stance could potentially improve its long-term momentum in Asia. Ripple gets permission to expand crypto payment services in Singapore The Monetary Authority of Singapore (MAS) has granted Ripple wider regulatory approval to expand the types of services that are included in its Major Payment Institution (MPI) licence.…

The trading volume of XRP has surged over the past 24 hours by 92%, despite major cryptocurrencies starting the month of December in red. The entire crypto industry experienced a liquidation spiral, erasing almost $638 million of leveraged positions on major exchanges. Just about 90% of these losses occurred in long positions, indicating how traders who bet on a rebound were taken by surprise. Major Exchanges Smashed by Heavy Liquidations CoinGlass data indicate that Binance, Hyperliquid, and Bybit had a combined total of more than $160 million in liquidations, with the majority of them long traders. XRP dropped by 6.74%…

Futures Traders Cut Exposure as Open Interest Falls According to the recent data from Glassnode, XRP futures open interest has dropped by 59% since the beginning of October. It dropped to 0.7 billion XRP from 1.7 billion XRP. This is a significant decline which indicates that traders have become more cautious following the massive price movements experienced in the previous month. Source: Glassnode Meanwhile, the 7-day average funding rate has decreased by 0.01% to 0.001%. This shows that traders are no longer paying large fees to hold long positions. Market researcher Daniel Chung, believes that such a decline indicates that…

Key Points Massive Wave of Unusual XRP Transactions Raises Questions The XRP Ledger (XRPL) has experienced one of its most bizarre phases of the year after the network experienced a sudden influx of 20,000 to 40,000 AccountSet transactions that reportedly occurred overnight. According to a respected XRP ecosystem analyst Vet, the trend does not follow the usual user behavior but rather looks like a coordinated infrastructure deployment. These dealings were not characterized by random timing or inconsistency with users. Rather, they seemed streamlined, organized, and maintained, indicating that something was organizing thousands of wallets, establishing permissions, re-arranging keys, or preparing…

XRP has moved into a new phase of selling pressure following small spot ETF inflows, stunted legislative advancement and weakening technical pointers placing large burdens on market confidence. The altcoin has dipped by 12% in November alone. The recent death cross and decreasing institutional focus have raised concerns. XRP is likely to revisit the monthly low of $1.8239 unless the momentum changes positively. ETF Inflows are below Expectations The inflows in XRP-spot ETFs were small during the week of 28 November, which weakened the expectations that institutional demand would build up after the funds were launched. The total inflows are…

The XRP market is heating up again. Fresh data reveals that XRP open interest is rebounding dramatically due to the explosion of institutional demand and the launch of several spot-XRP ETFs in the United States. Although the wider crypto market has been experiencing volatility in recent times, XRP looks like it is about to explode, and the traders and analysts are indicating a change in the sentiment. XRP Open Interest Surges 4% in 24 Hours According to CoinGlass, XRP open interest has increased almost 4% in the past 24 hours, which is one of the most robust rebounds since the sell-offs…

XRP Falls to Less Than $2.20 as Sell-Off Waves Across Markets. The last days of November saw XRP dropping below a marked price of  $2.20 due to the increased pressure in the crypto sphere. Although the introduction of XRP-spot ETFs was strong with an increase in institutional demand, the token is unable to sustain the momentum in the face of whale outflows, regulatory uncertainty, and a decline in on-chain demand. As traders withdraw out of high volatility, the next action XRP takes would likely dictate the next few weeks or so, and thus makes this one of its most pivotal…