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What effect would the dollar losing reserve currency status have on #XRP ? The potential loss of the US dollar's reserve currency status could have significant implications for XRP: Increased demand: As an alternative to the dollar, XRP could see increased adoption as a bridge currency for international transactions. This could lead to higher demand and potentially increased value for XRP. Market opportunity: XRP's design as a fast, efficient cross-border payment solution could position it well to fill some of the roles currently played by the dollar in global finance. Reduced competition: If the dollar's dominance declines, it may reduce a major source of competition for XRP in the realm of international payments and settlements. Volatility: The transition away from dollar dominance could create market instability, which might lead to increased volatility for cryptocurrencies like XRP. Regulatory changes: A shift in global currency dynamics could prompt regulatory changes that affect cryptocurrencies, potentially impacting XRP's use and adoption. Increased focus on alternatives: As countries and institutions seek alternatives to the dollar, there may be more openness to exploring cryptocurrency solutions like XRP. However, it's important to note that the dollar's loss of reserve status would likely be a gradual process rather than a sudden event. The impact on XRP would depend on various factors, including its own development, adoption rates, and the broader cryptocurrency ecosystem. #XRPeasynews ♡ #0DOUBT #XRP #XLM #btc #XRPARMY #XRPHOLDERS #XRPTHESTANDARD ❤️ https://lnkd.in/e5Xi75Ua

📈 Could September 2024 be the month XRP makes a significant move? With bullish signals emerging, some analysts believe a rise could be on the horizon. Will XRP capitalize on these cues, or will the market remain cautious? Read more ➡️ https://lnkd.in/eRrCqhwJ . . . . #XRP #Crypto #September2024 #coinchapter #cryptocurrency #blockchain #ethereum #btc #forex #trading #money #cryptonews #cryptotrading #bitcoinmining #investing #investment #invest #binance #forextrader #bitcointrading #trader

Massive XRP Rally Incoming? Analyst Predicts 220% Price Jump – Details https://lnkd.in/gmKj2EBZ #Bitcoin #MemeCoins #News #Altcoins #Bitcoin #crypto #CryptocurrencyMarketNews #DigitalCurrency #memecoins #news #NewsBTC #xrp

Ripple (XRP) could soar to $0.70 thanks to these factors Thanks to the latest burst of growth, traders and investors are newly interested in the cryptocurrency, setting themselves up for a bullish mood Here's a look at what's happening with Ripple (XRP) and what to expect from the altcoin's price in the coming days. Market interest in Ripple is growing At the end of last week, September 21, the Taker Buy/Sell Ratio on XRP rose to 1.06. This coincided with a rise in the cryptocurrency's exchange rate to $0.60. However, the very next day, the value of the ratio dropped to 0.88. By the time of writing, the ratio had risen again to 0.93. Such dynamics hints that the sentiment on Ripple may soon change to bullish again. Then the recent decline will turn out to be temporary. The buy/sell ratio measures the volume of purchases versus sales in the derivatives market. Values above 1 signal bullish sentiment, while values below 1 signal bearish sentiment. Meanwhile, open interest in the altcoin has reached $710 million. This increase in the ratio suggests that XRP will have a chance to recoup some of its recent losses thanks to increased trader activity. Can Ripple overtake bitcoin? Why XRP has a chance to become more profitable than the main cryptocurrency of the market - read in our article. XRP forecast: bullish outlook At the time of writing this analysis, XRP is trading at $0.5915, having not shown any expressive dynamics over the last 24 hours. The token pulled back a bit after it encountered resistance at $0.60. At the same time, the nearest and quite strong support is located at $0.57. Thanks to it, further decline looks unlikely. According to the long-term analysis, the main target for Ripple is $0.70. This is a key level that previously attracted significant liquidity. If the activity of buyers intensifies, the altcoin will have a chance to break through the resistance at $0.67 and grow to this mark. Nevertheless, if the attempt to break through this resistance is unsuccessful, the bullish forecast will be canceled. In this case, Ripple risks falling to $0.52.

𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐞𝐬, 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 𝐓𝐚𝐫𝐠𝐞𝐭𝐬 $4,000, 𝐑𝐢𝐩𝐩𝐥𝐞 𝐄𝐱𝐭𝐞𝐧𝐝𝐬 𝐑𝐚𝐥𝐥𝐲 The crypto #market showcases dynamic movement this week as Bitcoin consolidates, Ethereum approaches $4,000, and Ripple continues its impressive rally. Investors appear to be reallocating funds from Bitcoin to altcoins, signaling diversified market optimism. Bitcoin Consolidates After Recovery After a 7% correction last week, Bitcoin (BTC) recovered to $97,000 by Friday before stabilizing around $96,600 on Monday. While the Relative Strength Index (RSI) remains bullish at 65, the Moving Average Convergence Divergence (MACD) indicator has flashed sell signals, urging traders to approach cautiously. A sustained rally could push BTC to its all-time high of $99,588, but a failure to maintain momentum risks a retest of the $90,000 psychological level. Ethereum Eyes the $4,000 Milestone #Ethereum (ETH) broke through its $3,454 resistance last week and now trades near $3,691, showing a 3.5% gain over the past few days. If the $3,454 support holds, ETH could target the $4,000 psychological level. With an RSI of 68 signaling growing bullish momentum, ETH looks poised for continued growth unless it dips below support, which could lead to a pullback toward $3,335. Ripple Sustains a Strong Rally Ripple (XRP) impressed #investors with a 60% gain last week, reaching a three-year high of $2.35 and extending gains to $2.41 on Monday. Despite the rally, the RSI stands at a steep 93, indicating overbought conditions and a potential correction. If momentum persists, XRP could retest the $2.66 level, but #traders should watch for signs of a pullback. #bitcoin #cryptocurrency

The price of XRP could rise by 20% The price of Ripple (XRP) recently rose to $0.60, sparking renewed optimism in the broader market. Although the price has fallen below the threshold again, several indicators suggest that the token could rebound as it did six months ago. In March, the price of XRP rose to $0.72. This analysis shows how XRP could approach that mark again. Interest in Ripple's own token is growing According to CryptoQuant, the XRP buy/sell ratio rose to 1.06 on Sept. 21, which coincided with the cryptocurrency's rise to $0.60. The following day, the ratio fell to 0.88. The buy / sell buyer ratio measures the volume of purchases versus sales in the futures market, with values above 1 signaling bullish sentiment and values below 1 indicating bearish sentiment. As of this writing, the ratio is back to 0.93, suggesting that XRP traders may be bullish again and that the recent decline may be temporary. Another indicator that supports the potential bullish outlook for XRP is Ripple's open interest (OI). Open interest is the total number of open contracts in the derivatives market. When OI increases, it indicates that traders are allocating more money to XRP, gaining more access to the cryptocurrency. Conversely, a decrease in OI suggests that net positioning is declining and liquidity is leaving the market. According to Santiment data, XRP's open interest rose to $710 million. This increase suggests that the price of XRP could recoup some of its recent losses as more traders enter the market. XRP price forecast: bullish moves in the future On the daily chart, the token seems to be facing resistance at the $0.60 level. Because of this, the price of XRP has fallen to $ 0.58. However, the same chart shows notable support at $ 0.57, suggesting that the altcoin may not go below this area in the short term. Long-term analysis shows that $ 0.70 is a key level that has attracted significant liquidity in the past. If XRP faces increased buying pressure, it could potentially break through the upper resistance level at $ 0.67 and move towards $ 0.70. If XRP breaks the $ 0.67 resistance level, its next major target could be a potential 20% upside to $ 0.70. However, if the cryptocurrency encounters a failure, it may fail to reach this target and instead fall to $ 0.52.

Analyst: XRP on the Verge of Reaching ATH Ripple’s XRP is struggling to break through the $0.65 resistance level. However, the asset saw a sudden price spike on March 11, 2024, rising from $0.61 to $0.71 within a few hours. Despite the recent recovery, XRP’s growth rate remains slow compared to other cryptocurrencies. XRP is currently up 10.4% on the weekly chart, 17.2% on the 14-day chart, and nearly 30% from last month. Furthermore, XRP has increased by almost 84% since March 2023. XRP’s slow recovery may be attributed to the ongoing lawsuit between Ripple and the SEC (Securities and Exchange Commission). Additionally, it may also be the reason why XRP did not reach its all-time high in 2021, while others did. However, this could change soon. Ripple’s XRP Reaches New All-Time High According to cryptocurrency analyst Leb Crypto, XRP could reclaim its all-time high of $3.40 in 2018 before or after the Bitcoin (BTC) halving event in April. Reaching $3.40 from the current level would result in a growth of approximately 400%. However, other analysts do not predict that Ripple’s XRP will reach its all-time high. Changelly predicts that the asset will reach a maximum price of $1.16 in 2024. Reaching $1.16 from the current level would result in a growth of approximately 70.5%. The platform forecasts that XRP will reclaim its all-time high in 2027, reaching a maximum price of $3.53. Telegaon is more optimistic about XRP, predicting that the asset will reach a maximum price of $2.28 in 2024, a 235% increase from the current level. The platform does not forecast that XRP will reach its all-time high until at least next year. However, there is a possibility that Ripple will receive a favorable ruling from the higher court, which could lead to increased adoption and price of XRP. In this scenario, we could witness XRP reaching a new all-time high sooner than predicted by Changelly and Telegaon. The post Analyst: XRP on the Verge of Reaching ATH appeared first on xe.today.

🚀 Wave 3's potential could push XRP to $6, with highs up to $45! Bullish reversal signals on XRP/BTC chart indicate a price surge. 🧵Read the Full Story 👉 https://lnkd.in/e89UVs2V #Crypto #Bullish #XRP #Bitcoin #BTC #CryptoNews

BTC - Why sticking with XRP and ADA might not pay off, according to experts - https://lnkd.in/d4RuDDp2 XRP and ADA have shown minimal growth so far this year compared to Bitcoin. Analysts advise considering the stagnant nature of these Altcoins before investing. The two prominent altcoins, XRP and Cardano (ADA), have recently been highlighted for their disappointing market performance relative to their peers. Even though the broader crypto market

XRP Price Set For 3,000% Rally To $22, Analyst Predicts https://lnkd.in/d4qxgGUE #News #Ripple #crypto #analyst #Bitcoin #cryptoanalyst #cryptonews #news #NewsBTC #Ripple #ripplenews #xrp #xrpnews #XRPPrice #XRPUSD #xrpusdt