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6 Reasons XRP Price Could Hit $1 This Summer (Opinion)

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This article represents the opinion of the author and is not to be construed as financial advice.

Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development.

Could XRP price be gearing up for a moonshot bull run sometime in Q3?

Very Bullish XRP Price Prediction

XRP price analyst Egrag Crypto raised the staggering specter of a $17 XRP price sometime in the near future if Ripple bulls beat key resistance at $1 and keep it running to XRP’s all-time high price of $3.50.

That’s very bullish, but not unheard of in crypto markets. Actually, similar performances are not uncommon at all in blockchain investing. They happen with shocking frequency in altcoin markets. Of course, it’s worth noting that they happen a lot less often with large-cap cryptocurrencies which boast total capitalizations in the billions, like XRP does.

If the Egrag XRP price prediction comes true, it would represent a 39.5x gain over Tuesday’s average Ripple price on exchanges.

Ripple has done these kind of numbers before. For example, when it reached its historic all-time high price of $3.50 in Jan. 2018, it skyrocketed there in under 60 days, from the $0.15 handle in Nov. 2017.

That represented a gain of over 23x the Nov. 2017 level for XRP in under two months.

Here are six important factors that markets are evaluating over the past weeks:

1. Ripple Sliding Into Home Base On SEC Suit?

The U.S. Securities and Exchange Commission sued Ripple Labs, its founder, Chris Larsen, and its CEO, Brad Garlinghouse, in Q4 2020.

So the SEC Ripple lawsuit has been raging for years, but finally showed signs of settling last summer when a sweeping series of legal wins came one after another until the end of last year.

Ripple Labs could finally resolve the years-long SEC lawsuit soon.

A positive or even less-damaging resolution could finally remove the overhang that XRP has been under for the past years and help it perform well, especially in bullish market conditions.

2. XRP Ledger (XRPL) Development

What the market doesn’t know yet, telling by the XRP price performance against competitors like Solana, is that this cryptocurrency for banks is about to break out in the DeFi space with its smart contract issuance layer, XRP ledger.

According to a recent X post by a16z-backed blockchain developer group EasyA app founder Dominic Kwok, 134,000 developers are learning about Ledger on his company’s app. Talk about an XRP army.

Meanwhile, X crypto analyst CryptoGeek reported, “The XRP Ledger is expected to manage $30 to $50 trillion by 2025, with transactions likely shifting to the CTF Token, the primary DeFi token on the #XRPL.”

While those figures may seem astonishing, the SWIFT international payments system used by financial institutions like those Ripple serves processes some $5 trillion a day in transaction volume.

3. Ripple Interoperability With Ethereum

One very exciting development for Ripple, which could have a positive impact on XRP price, is growing interoperability with Ether. That’s because Ethereum is the current DeFi leader in Web3. Meanwhile, there’s an EVM (Ethereum Virtual Machine)/XRP Ledger side-chain incoming!

In May, interchain protocol Cosmos announced that Ripple and Ethereum Cosmos developer evmOS are partnering “to build an XRP Ledger EVM sidechain!”

“The sidechain will be built with evmOS – a production-ready modular solution that leverages Cosmos SDK, IBC, and CometBFT to bring EVM compatibility to Web3 businesses,” Cosmos added.

That might be bullish for XRP price because the easier it is to use and spend your Ether to get service from an XRPL Dapp (decentralized application) or vice versa— the easier it is to spend your XRP tokens directly to the Ethereum Virtual Machine and pay for service— the more value your ETH and XRP tokens have on the market.

4. XRP International Growth

Moreover, XRP Ledger has made big strides in Korea and Japan this month.

Korea’s only licensed VASP (virtual asset service provider) recently announced integrations with XRP Ledger. According to a June 27 report that appeared on Investing.com:

“Infinite Block, the only South Korean crypto firm to secure a Virtual Asset Service Provider (VASP) license until now, has announced support for XRP Ledger (XRPL), the open-source, public blockchain designed by American fintech firm Ripple.”

Korea and Japan are among the most digitally engaged and conscious nations in the OECD (Organisation for Economic Co-operation and Development). Korean demand for cryptocurrencies has proven formidably insatiable. Higher fees than most places and government import controls have not been able to slow the East Asian country’s roll in Web3 adoption.

The Infinite Block partnership came as a result of Ripple Labs’ aggressive global expansion efforts. Earlier in June, Ripple announced the launch of its XRPL Japan and Korea Fund, to “provide support for a range of robust initiatives to foster innovation on the XRP Ledger in both countries.”

“The launch of this fund is a testament to Ripple’s strong belief in the potential of Japan and Korea as pivotal regional hubs for blockchain innovation,” Ripple Vice President of Strategic Initiatives Emi Yoshikawa said in a press release.

5. XRP User Activity Spikes to 5-Month High

Ripple network transaction volume on XRPL saw a massive spike earlier this month to levels unseen since February, according to on-chain data.

Meanwhile, the number of whales or addresses holding large amounts of XRP (1 million or more) has grown markedly in 2024.

According to data from blockchain intelligence firm Santiment, that figure surged past 2,000 to 2,043 by July 4, a 4.3% increase in XRP millionaires for the year so far.

6. Ripple IPO Next?

After buttoning up this SEC lawsuit, an IPO would likely chum up the waters for more whale-sized inflows to boost XRP price.

Just don’t expect it to happen on Wall Street, given that XRP is primarily a cryptocurrency for international payments among major financial institutions.

That’s especially so after the long, drawn-out hostile treatment the SEC has given Ripple Labs. The company’s CEO, Brad Garlinghouse, said in January and again last month that Ripple is actively exploring how to go public and issue shares in Ripple Labs to be traded on the international stock market.

 

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Cryptocurrency

Bitcoin Sees Intense Surge in Realized Profits Following Ascent to $111K: Glassnode

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Bitcoin investors have been aggressively taking profits since the cryptocurrency recorded a new all-time high (ATH) above $111,000. Although the asset has retracted over the past week and has been consolidating around $105,000, traders are still offloading their bags to realize gains.

This is evident in Glassnode’s Entity-Adjusted Spent Output Profit Ratio, which shows that investors are seeing a high level of profitability recorded on less than 8% of trading days.

Intense Surge in Realized Profits

The market intelligence and research firm stated that Bitcoin investors are undergoing a significant shift towards profit-taking activity. Since BTC had its ATH breakout, the average coin has captured at least 16% profit during the sale, reflecting a notable uptick in profits locked in.

On May 3, Glassnode also noted a significant spike in its Entity-Adjusted Realized Profit. The metric rallied above the $500 million/hour range three times within a 24-hour period, signaling intense profit-taking activity.

Investors locking in gains coincided with bitcoin’s brief recovery to $106,780. The asset broke out of the $105,000 region yesterday; however, at the time of writing, it had fallen back, failing to hold above $105,500.

Long-Term Holders Are Not Left Out

Last week, Glassnode revealed that long-term BTC holders were not left out of the profit-taking spree. Investors holding BTC for one to five years took profits to the extent that their aggregate volume reached $4.02 billion, the highest since February.

At the time, it was unclear whether the movement of coins from their wallets was part of a strategic reallocation or profit-taking. However, it is now clear that older Bitcoin investors have been taking profits, and this spending spike is being led by the cohort aged three to five years.

While profit-taking is in full swing, on-chain data suggests that long-term investors, specifically those in the three- to five-year cohort, are becoming exhausted from selling. This group of BTC holders has locked in significant profits each time BTC rallied in March, October, November 2024, and February 2025.

Currently, their supply share hovers around 12%, meaning they control a significant share of the wealth in the Bitcoin market. This also means that they are likely to sell and collect profits if BTC begins to surge again.

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Bitcoin Price Analysis: Is BTC Poised to Retest the $100K Support?

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Bitcoin is undergoing a retracement after hunting the liquidity above the $111K level, and is now approaching a key support zone around the $100K recent swing low. A breakdown below this level could trigger a deeper correction in the coming sessions.

Technical Analysis

By ShayanMarkets

The Daily Chart

Bitcoin has entered a corrective phase after tapping liquidity above the $111K level, encountering significant selling interest in that region. This distribution-driven pullback has pushed the price down toward a pivotal support zone near the recent swing low at $100K, a key area that could determine the asset’s next directional move.

Market momentum has noticeably cooled, and the RSI is hovering near the neutral 50 level, further reflecting indecision among participants. Should this support hold and fresh demand re-enter the market, a recovery toward the $111K all-time high becomes increasingly probable.

Conversely, if sellers manage to push the price below this crucial $100K support, a continuation of the downtrend is likely, with the 200-day moving average around $95K emerging as the next potential target.

The 4-Hour Chart

Zooming in, Bitcoin has broken down from a long-standing ascending channel and confirmed the move with a textbook pullback to the channel’s lower boundary near $106K, a bearish order block. This rejection led to renewed selling pressure, driving the price toward $103K.

Currently, BTC is consolidating within a bearish flag pattern, a classic continuation setup that typically precedes further downside. A breakdown below the $103K support would validate the pattern and likely extend the correction toward the $100K psychological level. However, if $103K acts as support, a period of sideways movement within the $103K–$106K range could unfold, awaiting a decisive breakout to define the next market direction.

On-chain Analysis

By ShayanMarkets

This chart illustrates the Exchange Outflow metric, which tracks the number of coins withdrawn per transaction from centralized exchanges. Elevated outflow values typically suggest that investors are transferring larger amounts of Bitcoin off exchanges, often interpreted as a signal of reduced short-term selling pressure and a preference for holding.

A major development recently occurred on Bitfinex, where nearly 20,000 BTC, valued at over $1.3 billion at current market prices, was withdrawn in a single day. This marks the largest daily outflow from Bitfinex since July 2022, a notable event that often signals strategic accumulation by large investors or institutions. Such significant withdrawals are generally associated with long-term storage intentions, reducing the likelihood of these coins re-entering the market in the near term.

Despite the current market volatility and price consolidation, several on-chain and derivative market indicators point toward a potential bullish phase. The alignment of neutral funding rates, deleveraging through liquidations, and heightened whale accumulation suggests the market may be undergoing a healthy reset, potentially paving the way for Bitcoin’s next upward leg.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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30,000 BTC Bought in 4 Days: New Bitcoin Bull Run Incoming?

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TL;DR

  • Whales bought more than $3.1 billion worth of BTC in less than a week.
  • The Fear and Greed Index has climbed back into “Greed” territory, reflecting rising optimism, though history warns against blindly following crowd sentiment.

Whales on the Move Again

The popular crypto analyst Ali Martinez revealed on X that some of the largest Bitcoin whales purchased more than 30,000 BTC in the past 96 hours alone.

According to his estimations, the collective bitcoin possessions of this group of investors are around 4.52 million BTC, representing almost 23% of the asset’s circulating supply. 

The latest buying spree comes in contrast to the price pullback of the leading digital asset, which has slipped by around 3% over the past week. Furthermore, BTC (currently worth approximately $105,800) is down 5.5% from its historical peak of nearly $112,000, registered on May 22

Such accumulation from whales is typically interpreted as a bullish factor for the price. The effort leaves fewer assets available on the open market, which, combined with non-declining demand, could trigger a rally. Additionally, it could serve as an encouraging sign to smaller players who may also join the ecosystem with fresh capital.

Less than a week ago, Martinez announced that investors holding between 100 BTC and 1,000 BTC (referred to as “sharks”) purchased 20,000 BTC in the span of just 48 hours. 

Back Into ‘Greed’ Territory

While the whales’ activity suggests that the price may head north in the short term, other metrics indicate that the opposite scenario is also not out of the question.

The popular Bitcoin Fear and Greed Index, which shows the current investor sentiment toward the cryptocurrency, is one example. 

On May 31, BTC’s price slipped below $104,000, which caused the ratio to retreat to 50, or the “Neutral” zone. However, the bulls recovered some of the losses in the following days, and the index re-entered “Greed” territory.

BTC Fear and Greed
BTC Fear and Greed, Source: alternative.me

This suggests growing optimism and an increasing appetite for BTC, but investors should stay alert. After all, the cryptocurrency market often defies the crowd’s expectations, while some prominent individuals have previously recommended buying when fear dominates. On that note, we can cite Warren Buffett’s famous advice, who once said people should “be fearful when others are greedy and to be greedy only when others are fearful.”

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