Ripple (XRP)
Updated
Ripple army are back?
lets do some fundamental and chart analysis
XRP has made considerable gains over the past month as traders continue to shower confidence on Ripple’s potential legal win against the United States Securities and Exchange Commission
for instance, the xrp price gained 25% thirty days after Ripple and the SEC filed for an immediate ruling on whether or not xrp sales violated U.S. securities laws.
xrp’s bullish technical setup receives further cues from on-chain data, showing accumulation is underway. investors have moved a total of $126 million worth of xrp from exchanges to unknown wallets since Oct. 14. In comparison, $78.99 million worth of xrp was deposited into these exchanges.
In September 2021, enterprise blockchain and crypto solutions company Ripple launched the Ripple Creator Fund, a $250 million initiative committed to providing creators with the financial, creative and technical support needed to create NFTs and other tokenization projects on the XRP Ledger and on Oct. 18, Ripple disclosed the second wave of creators to receive funding for their NFT projects through Ripple’s Creator Fund. This round of funding was awarded to independent creators focused on building functional use cases in gaming and the Metaverse, as well as music and media on the XRP Ledger. This round of recipients included companies like 9Level9 Productions, Anifie, Capital Block, NFT Avatar Maker, NFT Master, SYFR Projects and ThinkingCrypto.
0.3$ is a good price for buying xrp and holding for a long term trade and for futures traders as you see xrp.btc facing 0.000027 resistance and doing some correction (pull back to 0.000021). 0.000033 is time for opening some long positions as well.
lets do some fundamental and chart analysis
XRP has made considerable gains over the past month as traders continue to shower confidence on Ripple’s potential legal win against the United States Securities and Exchange Commission
for instance, the xrp price gained 25% thirty days after Ripple and the SEC filed for an immediate ruling on whether or not xrp sales violated U.S. securities laws.
xrp’s bullish technical setup receives further cues from on-chain data, showing accumulation is underway. investors have moved a total of $126 million worth of xrp from exchanges to unknown wallets since Oct. 14. In comparison, $78.99 million worth of xrp was deposited into these exchanges.
In September 2021, enterprise blockchain and crypto solutions company Ripple launched the Ripple Creator Fund, a $250 million initiative committed to providing creators with the financial, creative and technical support needed to create NFTs and other tokenization projects on the XRP Ledger and on Oct. 18, Ripple disclosed the second wave of creators to receive funding for their NFT projects through Ripple’s Creator Fund. This round of funding was awarded to independent creators focused on building functional use cases in gaming and the Metaverse, as well as music and media on the XRP Ledger. This round of recipients included companies like 9Level9 Productions, Anifie, Capital Block, NFT Avatar Maker, NFT Master, SYFR Projects and ThinkingCrypto.
0.3$ is a good price for buying xrp and holding for a long term trade and for futures traders as you see xrp.btc facing 0.000027 resistance and doing some correction (pull back to 0.000021). 0.000033 is time for opening some long positions as well.
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