United

Bitcoin ETF

David Vance

Moonshot

<p>The post <a href="https://coinpedia.org/price-analysis/xrp-price-eyes-major-breakout-to-1-ripple-prepares-for-potential-moonshot/" rel="noopener noreferrer nofollow">XRP Price Eyes Major Breakout To $1 : Ripple Prepares for Potential Moonshot</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market has been heating with bullish sentiments fueled by the spot Bitcoin ETF approval in the United States and the upcoming fourth BTC halving. Meanwhile, Ripple-backed XRP has been preparing for a final send-off that could take place within the next 24 months. Moreover, the trial of the ongoing lawsuit filed by the US SEC against Ripple is scheduled to happen in April this year.</p>
<h2 class="wp-block-heading" id="h-xrp-community-airs-discontents-with-ripple-holdings-nbsp">XRP Community Airs Discontents With Ripple Holdings&nbsp;</h2>
<p>The XRP community continues to express their concerns over the huge Ripple holdings, which have been weighing down on the secondary market every month. Despite the XRP community advocating for the escrow holdings to be obliterated, Ripple CTO David Schwartz has indicated that burning the Ripple bag is not an option. Notably, Schwartz argued that the Stellar XLM burn did not have a realistic economic benefit. Meanwhile, Schwartz indicated that the XRP price will moon at its timing despite the legal hurdles.</p>
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   <p lang="en" dir="ltr">I will say two things I believed before digital currencies even existed that I think stood the test of time:<br><br>1 Prices are mostly rational. Everything expected is already baked into the price. <br><br>2 Any radical change that isn't obviously good will be treated as bad by the market.</p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1744318766908129735?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 8, 2024</a>
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<h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP Price Analysis</h2>
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   <p lang="en" dir="ltr">From this perspective, the governing pattern behind <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> price action since June 2022 appears to be an ascending parallel channel. <br><br>If this pattern continues, <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> could make its way toward the channel's middle or upper boundaries, which currently sit at $0.80 and $1.10,… <a href="https://t.co/kCKHEFZQWe" rel="noopener noreferrer nofollow">pic.twitter.com/kCKHEFZQWe</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1744393378450505822?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 8, 2024</a>
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<p>According to a popular crypto analyst, Ali Martinez, XRP price is on the cusp of a major uproar, if the whales continue on a buying spree. With XRP price on the weekly time frame having been trapped in a rising trend, the crypto analyst is confident the cross-border oriented altcoin will trade above $1 soon.</p>
<p>The XRP’s bullish macro outlook is bolstered by the fact that it has been accumulating in a macro triangle formation since 2018 despite the notable progress made by Ripple to improve its liquidity and trading volume. Meanwhile, the 50 and 200 weekly Moving Averages (MA) have acted as a strong support level despite a glaring death cross.</p>

XRP Price Eyes Major Breakout To $1 : Ripple Prepares for Potential Moonshot

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