Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11975
Markets: 92589
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11975
Cryptocurrencies
54.28%
Bitcoin Share
ZyCrypto 2024-12-12 17:41:48

Ripple’s XRP Explosion Above $6 Price In The Cards As On-Chain Metrics Show Crazy XRP Momentum

Ripple’s XRP Explosion Above $6 Price In The Cards As On-Chain Metrics Show Crazy XRP Momentum

A crypto trader has projected a bull case for XRP above $6 in 2025 amid recent accumulations. These inflows marked by institutional and retail interest have pushed the altcoin past several resistance levels. Jacob Canfield revealed on X (formerly Twitter) that the price of the asset is set for new highs based on on-chain analysis. He explained that considering Fibonacci extensions to project the tide, XRP will soar to $6.6, a figure two times the previous all-time high. In 2017, XRP hit an all-time high at $3.4 but experienced weak sentiments over the years. The United States Securities and Exchange Commission (SEC) lawsuit on Ripple and two executives led to a reduced rally, with the price trading below $1. “ The only difference between this $XRP move and those in the past is the price of Bitcoin is 5X higher than it was in 2017. If we use Canfield Fibonacci extensions to give us an idea of where this move may take us, it would be at the 11.09 fib extension. This would put the price around $6.60, exactly 2X the value of its previous high,” Canfield wrote. According to Canfield, this price will also become the ideal FOMO target amid high buys from institutional clients. While XRP whales remain present, crypto users shared mixed reactions to the price projection. As expected, the XRP army agreed with the move, citing upcoming positive regulations in the United States. Recently, Ripple CEO hinted that the resignation of outgoing SEC chair Gary Gensler played a key role in the rise of XRP. On the other hand, some crypto users say the projection is a huge leap from present market expectations. XRP Price Action At press time, XRP trades at $2.41, a 4% drop from previous highs, while weekly and monthly numbers remain in the green zone. Last week, XRP price soared on the back of institutional accumulation, and retail volume was also on the rise. The asset’s market cap soared past $140 billion, flipping USDT to become the third largest crypto asset. Meanwhile, XRP Ledger lowered its minimum requirements from 10 XRP to 1 XRP. The move which drops the bar by 90% ($25.6 to $2.56) seeks to increase adoption from small-scale holders. This can add to its recent growth with more assets after lowering the price barrier.

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
54.28%
Bitcoin Share
653
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.