XRP Poised for Major Move Against Bitcoin, Says Crypto Trader
31.07.2024 13:00 1 min. read Alexander Stefanov
Renowned crypto trader KALEO has suggested that the XRP/BTC ratio is set for a significant shift.
The trader noted that XRP’s daily chart is breaking past a key resistance level established during last year’s Ripple victory rally. Over the past 24 hours, XRP has seen a 7% increase, outpacing the broader crypto market.
Today, the XRP/BTC ratio reached 0.0000099 BTC, its highest point since March, with nearly a 60% gain in under two months.
According to U.Today, XRP’s Bollinger bands have recently tightened to their narrowest range ever, which might indicate a significant price movement.
The trader humorously remarked that XRP is trading as if it were about to launch its own exchange-traded fund (ETF).
Despite Ripple CEO Brad Garlinghouse’s assertion that an XRP ETF is inevitable, it is unlikely that financial firms will pursue such a product soon.
-
1
Is a Bitcoin Shakeout Coming? Critical Support Level Under Watch
13.04.2025 20:00 2 min. read -
2
Bitcoin’s Slow Descent: Analyst Warns of Prolonged Decline Amid Economic Pressures
02.04.2025 16:03 3 min. read -
3
Bitcoin Struggles in Q1: Will Accumulation Signal a Comeback?
01.04.2025 19:00 2 min. read -
4
Experts Predict Bitcoin Dominance Could Set the Stage for Next Altcoin Season
05.04.2025 8:00 2 min. read -
5
Experts Predict Major Crypto Move as Bitcoin-Altcoin Correlation Drops
06.04.2025 13:00 2 min. read
Metaplanet Hits 5,000 Bitcoin Milestone, Eyes Global Leadership in BTC Holdings
Japanese investment firm Metaplanet has officially joined the ranks of the world’s largest corporate Bitcoin holders, announcing Thursday the purchase of 145 BTC — pushing its total stash to 5,000 BTC, currently valued at around $460 million.
Russia Eyes a High-End Crypto Trading Platform for Wealthy Investors
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Crypto Expert Shares Top Strategies for Spotting High-Potential Altcoins
As Bitcoin (BTC) regains stability and altcoins begin to show signs of life, investor optimism is once again on the rise.
From $173 to $224,000: One Trader’s Wild Solana Memecoin Win
In one of the memecoin success stories of the year, a Solana-based trader has turned a $173 investment into over $224,000, thanks to a viral rally in the obscure token TROLL.
-
1
Is a Bitcoin Shakeout Coming? Critical Support Level Under Watch
13.04.2025 20:00 2 min. read -
2
Bitcoin’s Slow Descent: Analyst Warns of Prolonged Decline Amid Economic Pressures
02.04.2025 16:03 3 min. read -
3
Bitcoin Struggles in Q1: Will Accumulation Signal a Comeback?
01.04.2025 19:00 2 min. read -
4
Experts Predict Bitcoin Dominance Could Set the Stage for Next Altcoin Season
05.04.2025 8:00 2 min. read -
5
Experts Predict Major Crypto Move as Bitcoin-Altcoin Correlation Drops
06.04.2025 13:00 2 min. read
