bullish

Bitcoin

mirror

<p>As Bitcoin (BTC) price attempts to mirror <a href="https://coinpedia.org/news/gold-hits-new-high-will-bitcoin-skyrocket-to-100000-next/" target="_blank" rel="noopener noreferrer nofollow">Gold’s bullish breakout</a>, the altcoin industry, led by Ripple-backed XRP price, could be on the verge of a <a href="https://coinpedia.org/price-analysis/xrp-price-prediction-ripple-price-hints-a-2x-surge-if-this-happens/" target="_blank" rel="noopener noreferrer nofollow">major uproar in the short term</a>. Most altcoins against Bitcoin have been retesting multi-year lows, which could yield a price rebound ahead.&nbsp;</p>  
<p>Furthermore, <a href="https://coinpedia.org/news/bitcoin-dominance-crumbles-is-a-massive-altcoin-surge-ahead/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin dominance</a> has formed a macro reversal pattern akin to the previous pre-altseason periods.</p>  
<h2 class="wp-block-heading" id="h-xrp-price-at-crucial-crossroads">XRP Price at Crucial Crossroads</h2>  
<p>XRP price has hovered around the apex of a multi-year triangular consolidation in the past few months. The large-cap altcoin, with a fully diluted valuation of about $59 billion and a daily average traded volume of around $1.23 billion, has consolidated around 58 cents in the past two weeks without a clear breakout on either side.</p>  
<p>Remarkably, XRP price in the daily time frame has consistently closed above the 50 and 200 <a href="https://coinpedia.org/traders/what-is-moving-average-indicator/" target="_blank" rel="noopener noreferrer nofollow">Moving Averages</a> (MAs) despite their recent death-cross.</p>  
<p>From a technical standpoint,<a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow"> XRP price</a> is well positioned to rally above 75 cents soon if it consistently closes above the resistance level of around 64 cents in the near term.</p>  
<p>Otherwise, the XRP price could retrace below 50 cents if the <a href="https://coinpedia.org/news/october-the-month-for-memecoins-to-watch-out-for-doge-shib-pepe-wif/" target="_blank" rel="noopener noreferrer nofollow">crypto bulls </a>fail to maintain control in the coming months.</p>  
<h2 class="wp-block-heading" id="h-what-to-expect-from-the-eighth-rippleswell-event-in-miami">What To Expect from the Eighth RippleSwell Event in Miami</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/ripple/status/1838644559439339954?s=46
 </div>
</figure>  
<p>Ahead of the <a href="https://coinpedia.org/news/xrp-news-major-updates-on-ripple-swell-event-xrp-etf-and-sec-deadline/" target="_blank" rel="noopener noreferrer nofollow">RippleSwell event</a> in October in Miami, on-chain data shows that XRP whales have accelerated their market dumping to different centralized exchanges led by Bitso and Bitstamp.&nbsp;</p>  
<p>During this year’s RippleSwell event in Miami, the blockchain payment company is expected to release more details of its web3 developments including a fiat-backed stablecoin RLUSD, XRPL’s smart contract, and the On-Demand Liquidity (ODL) global adoption.</p>   [post_titles_links postid="356026"]

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