DeFI News by Thebittimes.Com

Ripple XRP has experienced plenty of resistance over the past month, keeping it below $0.55. At press time, the asset is down to $0.5184. XRP is up a slight 4% in the past 30 days, but this number has failed to bring with it significant profit. Despite the downturn, some holders are still optimistic that XRP will perform well toward the end of 2024. Considering the current trade setup and market sentiments, XRP can start a bullish rise if the bulls get reacclimated to the asset as soon as this weekend. The asset’s low point has risen consistently over the past few months, which could coincide with higher highs. Also Read: Millennium Management Discloses $2B Spot Bitcoin ETF Portfolio Why Holders Are Bullish On Ripple XRP Furthermore, one of the major reasons for being bullish on XRP is the extended consolidation. It has been some time since the last bullish surge for XRP, and the asset is due to climb above the $0.60 resistance soon. To some optimistic investors...

Some market experts predict an explosive historic bull run could emerge for Ripple’s XRP token in March. This could be driven partly by analogies to previous mega rallies and an improving fundamental backdrop. However, with such lofty predictions comes the likelihood of heightened volatility as expectations and risks collide next month. The speculative forecasts envision XRP registering unprecedented parabolic price moves during March, shocking cynics. Proponents point to resilience from the 2017 rally that saw Ripple gain considerable ground. With market dynamics aligned optimally once more as adoption expands and blockchain acceptance grows, some argue revisiting such euphoric highs appears possible, especially if the regulatory climate improves. A long-awaited Securities and Exchange Commission lawsuit verdict remains a pivotal wild card. Also read: Binance Coin Hits $400 After Bitcoin Surge: Here’s How High BNB Can Go XRP market dominance drops Never...

With Bitcoin (BTC) officially passing $52,000 all eyes are on the market as a whole. Indeed, many expect certain assets to gain big from the optimism that is abounding. Subsequently, in this Ripple XRP price prediction, we explore if Ripple could be on its way to $1 sooner rather than later. This week, Ripple made headlines through its acquisition of Standard Custody and Trust Co., which brings forth a massive licensing win to the asset. Therefore, could the coming week provide a perfect storm that catapults the asset to new heights? Let’s delve a little bit further into the possibilities. Ripple Price Could Have $1 On The Horizon Also Read: Ripple: Here’s When XRP Could Reclaim Its All-time High of $3.40 For the final few months of 2023, anticipation over Ripple’s continued performance in the new year was at a very high level. Indeed, many expected the asset to continue to establish legal victories that could pave the way for its continued upswing. Howeve...