Category: AI

XRPUnveileddetailshowXRPischangingglobalmonetaryframeworks. RippleLabsiscurrentlyinvolvedinanessentiallegaldisputewiththeSEC. Theshortfilmillustratesthetoken’sabilitytoimproveinternationalmoneytransfers. XRPjustrecentlysentripplesofanticipationtoinvestorsandenthusiastsinthemarketwithitsdecisiontoreleasetheXRPdocumentary.XRPUnleashed,thefirstfilmfocusedonthetoken,willpremiereonNovember21,2024.FruitionProductionhaspartneredwithAmazonPrimeandAppleTVforthisworldwiderelease.Thisdocumentarydrawsattentiontothecoin’sroleindigitalfinanceandinternationaltransactions.ItcomesatacrucialtimeforRippleLabs,whichisinvolvedinanotablelegislativedisputewiththeU.S.SecuritiesandExchangeCommission. BOOOOOOOOOOOOOOOOOOM!!! Newtrailerfortheworld\'sfirst#XRPdocumentary.ItwillbereleasedonNovember21! 🔊⤵️🍿pic.twitter.com/fscPyR5s1e —JackTheRippler©️(@RippleXrpie)October25,2024 ThedocumentaryprovidesadetailedaccountofXRP’sjourneyanddiscussesitsdevelopmentasabridgecurrency.Itenablesfasterandcheaperinternationaltransfers,andRipplehaspromotedthisfeatureforyears.Additionally,*XRPUnleashed*discussestheissuesRipplefacesduetothepresentSEClawsuit. Ripple’sLegalChallengeswiththeSEC TheSECfileditscomplaintinDecember2020andaccusedthecompanyofraising$1.3billionthroughunregisteredequitysalesofXRP.Consequently,thisjudicialactionmaysetimportantprecedentsforgoverningdigitalassetsintheUnitedStates. Hestatedthattheproject’sextensivescopeinfluencedhisdecision.Incontrast,ChiefTechnologyOfficerDavidSchwartzprovidedinsightsintoRipple’svisionandXRP’sroleinfinancialtechnology.FruitionProductionnotedGarlinghouse’schoicewhilehighlightingthecomplexitiesinvolvedininterviewswithhigh-profilefigures. XRP’sRoleinDigitalFinance Ripple’sstrategyusesXRPasabridgecurrencyforoverseassettlements.Thistechniquehelpsfacilitatequickerandcheapertransactionsandappealstoglobalfinancialinstitutions.Therefore,XRP’sefficiencypositionsitasaviablealternativetotraditionalbankingmethods. Moreover,themotionpictureaimstoshowcaseXRP’scontributionstofinancialtechnology.ItwilldetailXRP’sadoptionbyvariousbanksandinstitutionsandhighlightRipple’smissiontocreateaccessiblefinancialsystemsworldwide. XRPnotonlytellsitsstorybutalsoprovidescontextregardingitsimplicationsforthefutureofdigitalassets.Asthedocumentationgainsvisibilityonmajorplatforms,itencouragesviewerstoconsidertheevolvingsceneryofcryptocurrencyanditspotentialimpactonglobalfinance. cryptonewsland.com

AlthoughthecryptocurrencymarketexperiencedabullishwaveafterBitcoinbrokethe$69,000barrieratthebeginningofthisweek,thiswaslaterfollowedbyadeclineduetogeopoliticalrisks,andtheBTCpricestoodat$65,000. Currentlyshowinganotherrecovery,theworld\'slargestcryptocurrencyandaltcoins,whicharetradedat$67,847atthetimeofwriting,willbewaitingformanyeconomicdevelopmentsandaltcoineventsinthenewweek. Hereistheweeklylistthatwe,asBitcoinsistemi.com,havepreparedespeciallyforyoutofollow. WednesdayOctober30th ChainlinkSmartConEvent BinanceDubaiBlockchainWeek TIA–Celestiawillseeatokenunlockofapproximately$1billion. 15:15–ADPNonfarmEmploymentChange(October)(Expected:101k,Previous:143k) 15:30–USGDPQ3Data(Expectation:3.0%,Previous3.0%) 23:0–Coinbase,MicroStrategy,Microsoft,MetaEarningsReports LUNA–LUNC–USTC–Terreservicestakeoverdeadline Thursday,October31st 06:00–TheBankofJapanwillannounceitsinterestratedecision.(Theexpectationisthattheinterestratewillremainconstant) 13:00–EuropeanUnionCPI(Yearly)(October)(Expectation:1.9%,Previous:1.7%) 15:30–USCorePersonalConsumptionExpenditurePriceIndexAnnual(Previous:2.7%) 15:30–USCorePersonalConsumptionExpenditurePriceIndexMonthly(Expected:0.3%,Previous:0.1%) 15:30–USInitialJoblessClaims(Expected:231k,Previous:227k) Friday,November1st 15:30–USUnemploymentRate(Expected:4.1%,Previous:4.1%) 15:30–USAverageHourlyEarnings(Monthly)(October)(Expected:0.3%,Previous:0.4%) 15:30–NonfarmPayrolls(October)(Expected:111k,Previous:254k) *Thisisnotinvestmentadvice. en.bitcoinsistemi.com

Notcoin(NOT)hasquicklymadeanameintheGameFispace.Thetokenhasmergedentertainmentwithfinancialrewardsinauniqueway.Initially,theNotcoinpricesurgedasitsinnovativeapproachcaptivatedattention. ThishappenedbecauseitutilizedtherobustinfrastructureoftheTONblockchain.Thatfueledtrustamongtheinvestorsandtradersinthisproject. TheTONecosystem’sadvancedfeaturesenhancetheuserexperienceandenableNotcointosupporthightransactionvolumesseamlessly.However,theNotcoinpricehasexperiencedasignificantdeclinethisweek,followedbyanoverallbearishtrend. -Advertisement- Inthepast24hours,itattractedsignificantattention.Duringthefall,thetokenrosewithsignificantwhaleactivity,andon-chaindatasuggestedthepotentialforfurtherinclines.Readonforanin-depthlookatNotcoincrypto‘svision,pricetrends,andkeyon-chaininsights. HowNotcoinPriceUnfolded? NOTcryptoissetouttobeagroundbreakingplatform.Itsinnovativeapproachisdesignedtoappealtogamersandinvestors.Initsearlymarketdays,thetokendeliveredimpressivereturns,delightingmanyinvestors. NOT/USD1.D.|Source:TradingView However,afterreachingitsall-timehigh(ATH)of$0.02931onJune2,2024,theNotcoinpricesteadilydeclined.Thedeclinehappenedwithinanarrowingwedge,facingpersistentbearishpressure. Thisdownturnwaslargelyduetoadecreaseinnetflowfromlargeinvestors.Theseinvestors,amidwaningconfidenceinNOT’slong-termoutlook,startedsecuringprofits.Thiswaveofprofit-takingbylargerinvestorssparkedacceleratedsellingfromretailtraders,whocloselyfollowwhaleactivity. Overthepastfivemonths,Notcoincryptohasremainedbelowkeydynamicresistancelevels.Itwasspecificallybeneaththe20-dayand50-dayEMAbands. WhalesLoadingUp,NetflowIncreases Overthepastweek,netflowdataforlargeNotcoincryptoholdersdeclined.However,inthelasttwodays,itbegantorise. LargeHoldersNetflow|Source:IntoTheBlock AtweetonXonOctober26confirmedsignificantwhaleactivity.Thisindicatedthatwhilesomelargeholdersareselling,othersareseizingthechancetobuythedip. Whalesarebuying#NOT🐳❇️Lastprice:0.006736(-10.072%)Alertsinlast7days:224hVolume:37.67MUSDTScore:5/10|Risk:4/10$NOT#BTCpic.twitter.com/TvIns57SYT —FishTheWhales🐳(@FishTheWhales)October26,2024 OnOctober26alone,netflowsurgedto43.69million,abullishsignalofincreasedbuyingpressure.Quietlyyetsteadily,whalesareaccumulatingNotcoincrypto,oftenaprecursortosubstantialpricemovement. Asofnow,Notcoinisholdingwithinasupportblockthathasremainedintactforthepasttwomonths.Thissuggestedongoingbullishinterest. AddressesHeldbytime|SOurce:IntoTheBlock Additionally,short-termholdersweredecreasingwhilelong-termholdingswereontherise.Itshowedthatmarketsentimentmaybeshifting.Therenewedinterestfromlonger-termholdershintedthatconfidenceintheNotcoinpricepotentialisagainstrengthening. AnExpandingEcosystemandDeflationarySupplySqueeze TheNotcoincryptoecosystemisexpandingthroughkeypartnershipsandnewprojects.It’sdrawingattentionfromretailandinstitutionalinvestorseagerforlong-termgains. Thankstoitsdeflationarymodel,whichinvolvestokenburningtoreducesupply,demandforNotcoincontinuestobuild.Asthecirculatingsupplydecreases,thevalueofeachremainingcoinhasthepotentialtorisesignificantly. Onlinespeculationpointedtoapossiblemajorpricesurge.SomeevensuggestedthattheNotcoinpricecouldhitthemagical$0.1mark. CanNotcoinPriceHopeToReach$0.1Mark? Currentlypricedat$0.006854(up2%),theNotcoinpricemightappearambitiouswithatargetof$0.1.However,signsofwhaleaccumulation,ecosystemgrowth,anditsdeflationarymodelsuggestedstronggrowthpotential.Whetheritcanreachthistargetdependslargelyondemand. Inrecentpriceaction,Notcoin’stwo-monthconsolidationnearitssupportblockhighlightedsteadyaccumulation. Basedondemand,supposeitbreaksoutofthecurrentfallingwedge;theinitialshort-termtargetcouldbe$0.012696.Breachingthislevelwouldlikelyshiftmomentum,signalingapotentialChangeofCharacter(ChoCh).Longer-termtargetscouldthenextendto$0.02161and$0.02653. thecoinrepublic.com

UnusualtradingpatternshavebeenobservedforseveralaltcoinsonSouthKorea’slargestcryptocurrencyexchangeUpbit,whichmayindicateincreasedactivityandinvestorinterest. Notably,thesechangesvariedacrosstimezonesanddifferedsignificantlybetweenUpbitandglobalexchangeBinance. Tezos(XTZ)rosesharplyonthe1-hourchartonUpbit,withvolumelastrecordedat$47,000,a214.7%increasefromthe50-periodaverageof$15,000.Incontrast,BinanceXTZreportedadeclineintradingactivity,withvolumedown73.35%to$40,000comparedtothe$151,000average. Jupiter(JUP)sawanotableincreaseinvolumeonUpbitinthe4-hourtimeframe.The$4millionrecordedvolumerepresenteda119.54%jumpfromthe50-periodaverageof$2million.Binancesawamoremodest14.68%increase,withvolumerisingfromthe50-periodaverageof$6millionto$7million. Ankr(ANKR)hasseenadramaticrisein1-hourtradingvolumeonUpbit,jumpingfromanaverageofnearly$2millionto$13million,withan874.18%increase.Meanwhile,onBinance,1-hourvolumeincreasedby10.86%,fromanaverageof$3millionto$4million. Kava(KAVA)alsosawsignificantmovementonUpbit’s4-hourchart,withvolumeincreasingby83.41%fromanaverageofaround$1.5millionto$3million.OnBinance,tradingvolumeforKAVAincreasedby45.09%to$2millionduringthesameperiod. Finally,Hive(HIVE)sawa191.83%increasein1-hourtradingvolumeonUpbit,jumpingfromanaverageof$86,000to$250,000,whileBinancereporteda15.22%decrease,withthelastrecordedvolumeremainingat$96,000comparedtoanaverageof$113,000. *Thisisnotinvestmentadvice. en.bitcoinsistemi.com

PhoenixGrouphasreleaseditslatestrankingsofcryptocurrencyprojectsbytotalvalueofstakedtokens.Ethereum’s($ETH)andSolana’s($SOL)tokenshaveaccumulatedthemostconsiderablevalueofstakedtokenswith$84.7Band$66.9Brespectively.Ethereum($ETH)standsoutwithasignificantmargin,followedcloselyby$SOL.Thesetwoprojectshaveconsistentlymaintainedtheirpositions,showcasingtheirrobuststakingmechanismsandstrongcommunitysupport. TOPPROJECTSBYTOTALVALUEOFSTAKEDTOKENS$ETH$SOL$BNB$SUI$APT$ADA$TRX$AVAX$TIA$DOT$TON$TAO$NEAR$SEI$SAGApic.twitter.com/VPxrBoAL91 —PHOENIX–CryptoNews&Analytics(@pnxgrp)October26,2024 NotableEntriesandTrendsinStakingProtocols Intherankingofstakingprotocols,thestabletokenBinanceCoin($BNB)remainsinthethirdpositionwith$19,08B,furtherfollowedbySui($SUI)andAptos($APT),provingtheirdominanceonthestakingprotocolswith$13.8Band$8.2Brespectively. Theentryof$SUIand$APTisevenmoresurprisingbecausetheyhaveenteredthetopshelvesofnewlyemergingprojectsthatbecamepopularamonginvestors.Otherlargecapsthatarealsopresent,includeCardano($ADA),TRON($TRX),andAvalanche($AVAX)withsignificantstakedvalues. StakingRatiosandRewardRates Thereportalsorevealedvaryingstakingratiosandrewardratesofthetopprojectsaspresentedinthetablebelow.Forexample,$ETHhasastakingpossibilityof28.5%withastakingbonusof3.3%,while$SOLhasa67.1%stakingpossibilityanda6.5%stakingbonus.Thesedifferencesreflecttheuniqueeconomicmodelsandincentivesdesignedbyeachprojecttoattractstakers. Inadditiontoestablishedprojects,thereportshowcasesemergingtokenssuchas$TIA,$DOT,$TON,andTAO,whicharemakingsignificantstridesinthestakingmarket.Theseprojectsareattractingattentionwithcompetitiverewardratesandinnovativestakingmechanisms.NEARProtocol,SeiNetwork($SEI),and$SAGAalsofeatureintherankings,eachcarvingoutanicheinthecompetitivelandscape. blockchainreporter.net

Theuptrendthatdominatedthemarketinrecentweekshitaroadblocklastweek,withtheglobalcryptomarketlosing$70billioninacorrectionto$2.28trillion. ThiscorrectioncoincidedwithBitcoin(BTC)closingtheweekatthelowerspectrumofthe$67,000mark,draggingthebroadermarketdown.However,somealtcoinsdemonstratedresilience. Hereareourpicksforthetopcryptocurrenciestowatchthisweekfollowingnoteworthypricemovementslastweek: HEGEonarecoverypush Hege(HEGE)initiallysuccumbedtotheweek’sbearishpressure,buteventuallystagedarecoveryatthecloseoftheweek. Despitethislatereboundpush,Hegeendedlastweekbeneaththe$0.01mark,slumpingbynearly18%.Thismarkedthefirsttimeittradedbelow$0.01thismonth. HEGE1Dchart–Oct.27|Source:TradingView ItsrecoverycameonSaturday,gaining20%thatday.Theuptrendhasspilledintothenewweek,withanadditional10.70%gainthismorning. Hege’sreboundappearstobeformingaVbottompattern,whichcouldcompletewitharallyto$0.0147,theprevioustop. Interestingly,theasset’sRSIcurrentlysitsat46.71.ThispositionconfirmsthatHEGEstillhasmassiveroomformoreupsurge,butitneedstomaintainthe$0.01leveltosustaintherecoverythisweek. AdropbelowFib.0.382($0.00975)couldtriggeranewdownturn. HegeisamemecryptocurrencythatlaunchedinApril.Itrevolvesaroundastorytellingconceptinvolvingacharacternavigatingfinancialstrugglesandseekingredemption. Youmightalsolike:CryptoVCfunding:StripebuysstartupBridgefor$1.1b,Blueskybags$15m SOLbucksthetrend Solana(SOL)buckedthenegativetrendinthemarket,closinglastweekwitha7%gainwhiletherestofthemarketdropped.SOLendedtheweekabove$170despitestartingbelow$160. SOL1Dchart–Oct.27|Source:TradingView ACCIof111.50suggestsSolana’smomentumisstrong,withtheuptrendlikelytocontinueamidwhaleaccumulation.However,cautionisadvised,astheCCIisnowclosetooverboughtterritories. Shouldacorrectionensuethisweek,the$159.46level,whichpreviouslyactedasresistance,representsthefirstrobustsupport.AslipbelowthislevelwouldbringthePivotlevelat$144.76intoplay. IfthesellingpressurebreachesthisPivotpoint,themomentumcouldflipbearish.Insuchascenario,Solana’snextsupportlevelsare$128.80,$118.94,and$102.98. SAFEspikes55% LikeSolana,Safe(SAFE)setitsownpathlastweek,ignoringthedirectionofthebroadermarket.Thealtcoin’sbiggestpushcameonOct.24,whenitspiked40.54%,itslargestintradaygainthisyear,followingUpbit’slisting. SAFE1Dchart–Oct.27|Source:TradingView SAFEsustainedthegainsthefollowingday,gainingbyanother11.52%.DespiteamildretracementonSaturday,theassetclosedtheweekwitha55%increaseat$1.468. SAFEmaintainsitsbullishmomentum,withthe+DIoftheDirectionalMovingIndexcurrentlyat39.6,whiletheADXsitsat40.5.Meanwhile,the-DIcurrentlytradesat8.8,suggestingaslowdowninthebearishpush. However,therecentcorrectionhasspilledintothenewweek,withSafeshedding6.81%ofitsvaluetoday.Amidthedrop,theFib.0.618level($1.269)couldserveasthenextlineofdefense,withasteeperdropthreateningtobring$1.11intothepicture. In2022,SafewasspunoutfromGnosis,awell-knownEthereum-baseddecentralizedplatform.TheseparationoccurredaspartofastrategicmovetoestablishSafeasanindependententity,allowingittofocusmorenarrowlyonitsmultisignaturewallettechnologyanddecentralizedinfrastructure. Readmore:BitcoinETFinflowssurpass$3binOctober,demandhitssix-monthhigh crypto.news

Asthe2024U.S.presidentialelectionapproaches,formerPresidentDonaldTrump’spro-cryptostancehasgainedattentionfromBitcoin($BTC)enthusiastsandanalysts.Trump’sproposedpolicies,includingplanstoremoveSECChairGaryGenslerandcreateacryptoadvisorycouncil,signalanotableshift. The#BitcoinbullmarketstartswhenTrumpwinstheU.S.election!pic.twitter.com/QT3nlMPANN —CryptoRover(@rovercrc)October26,2024 Byrevisitingregulatoryhurdles,heaimstocentralizecryptowithinnationalpolicy.Trump’sapproachtocryptocontrastswithpreviousyearsandcouldrepresentacatalystforunprecedentedindustrygrowth.CryptoRover,aprominentcryptoanalyst,shedhiswordontheupcomingeventsthroughanXpost. CryptoIndustryGainsMomentumandBitcoinReturnstoLife ThenotionthataTrumpvictorycouldpropelBitcoin’sgrowthhasfueledanticipationwithincryptomarkets.PredictionmarketslikeKalshiandPolymarkethaveseenTrump’svictoryprobabilityclimbtoaround60%,withmarketanalystslikeSatoshiFlipperpointingoutthatapotentialTrumpwinremainsunpricedinthemarket. Expertsarguethatunlikesomeofhiscompetitors,Trump’snon-hostilestancetowardcryptocurrencieshasbecomeacentralcampaigntheme,attractingconsiderablesupportfromcrypto-focusedvoters. PotentialShiftsattheSEC AmongthenotablepolicychangesTrumphasproposedistheremovalofSECChairGaryGensler.WhilehemaynothaveunilateralpowertodismissGensler,Trumpcouldpushforacrypto-friendlySECchair,pendingSenateapproval. Industryleaders,includingBaselIsmailofBlockcircle,believeapro-cryptoSECchaircouldexpeditetheapprovalofBitcoin($BTC)andaltcoinETFs.BloomberganalystEricBalchunassuggestsTrump’sSECappointmentscouldsubstantiallychangeregulatoryprocesses,potentiallyacceleratingETFapproval. SomeanalystspredictthatTrump’spolicychangeswouldfavoraltcoins,asgreaterregulatoryclaritymighthelpthemgainground.IndustryfigureslikeAlexThornfromGalaxyDigitalnotethatwhileBitcoinhaslongbenefitedfromfavorableregulation,Trump’sproposalscoulddrivearesurgenceinaltcoins,enhancingdiversitywithinthemarket. blockchainreporter.net

Bitcoin’smonthlycandlestrengthsuggestspotentialfora$71,000targetbeforethemonth-end. KeysupportandresistancelevelsreinforceBitcoin’supwardtrajectoryamidgrowingbullishsentiment. TheGoldenCrossformationonthechartindicatesacontinuationofBitcoin’srecentupwardmomentum. Bitcoinisclosetoheadingtowards$71kresistsasthemonthlychartsupportsthehighsbasedonIchimokumovingaverages.EndofOctober’smonthlycandleit’sstilllookingbullish,andBitcoinhaspotentialofhittingatargetprice.Atpresent,signalsonthechartconcernthebreakoutoftheconsolidationwhereBitcoinhasidentifiedastrongsupportleveltoopenthewaytoreaching$71,000.Thisreiteratestraders’andinvestors’increasingpositivityduetotechnicalanalysisnotingastringofeventstopointtoanupwardtrendinbitcoin. StrengthinMonthlyCandleHintsatBullishContinuation ThemonthlycandleforBitcoinhighlightsanincreaseinthebuyingpressure,somethingthatmostanalystsbelievecanpushtheassettowardsaparticulargoal.Usingtheabovecurrentchartforinstance,Bitcoin’spricehasaninclinationtoperformwellwhenitisabovekeyresistancelevels.The$71,000levelisstillattainableforthecryptocurrencysincetherecentpricebouncehasmaintainedthepriceaboveakeysupportlevel. #BitcoinNextTarget:$71,000🎯🚀 Themonthlycandleislookingstrongwithjustafewdaysleft.#BTCseemssettoreach$71,000beforethemonthcloses.pic.twitter.com/NvFS6FCamY —TitanofCrypto(@Washigorira)October27,2024 Takingacloserlookatthesesignals,thismonthlycandlestickpatternmightindicatethatbuyersarecontinuouslyengagingwiththeassetandthesupplycouldpreparearallyinthenextfewdays.ThechartanalysisshowsaclearupwardslopingsupportlinethatBitcoinhasbeenreboundingoffintherecentpastmonthsthussolidifyinganuptrend.Animportantobservationcanbemade,whenthislevelwasaresistanceorsupportlevel,ithasbeenshowntohavesignificantinfluenceonthepriceofBitcoin. Overcomingthiszonemaywellsupportthe$71,000targetifBitcoin’spriceremainswithintheexistingchannel.ThisrangehasbeenwatchedbytradersasabreakoutthatcouldconfirmthebullthesisforBitcoininthefinalmonthoftheyear. GoldenCrossAddstoBullishSentiment Anobserved‘GoldenCross’indicatoronthechartwhichisashorttermmovingaveragecrossingalongtermaveragehasalsosupportedthepositivesentiment.Actually,thistechnicaloccurrenceisconsideredtobeabullishsignal,whichconfirmsthefurthergrowthoftheprice.Whenblendedwithregularlymonthlycandlestickpatterns,criticalsupports,anddecidedlybullishtechnicalsignssuchastheGoldenCross,thecourseforBitcointohittheexpected$71,000intheshorttimeframeisopened. cryptonewsland.com

SinceJune,thePepe(PEPE)pricehaswitnessedmildsellingonadailytimeframe.ThePEPEpricehasbeendecliningduetoresistancefromadescendingtrendline. However,buyershavelostmomentumnearthetrendlineandhavewitnessedsellingpressure.ThePEPEcryptohasdroppedtothe200-dayexponentialmovingaverage(EMA)andformedabullishcandlestick. Here,RSIdidnotfavorbullishmomentumwhilethepricestayedonthe200-dayEMA.Thefurthermomentumseemsuncertainevenafterabreakdownfromasymmetricaltriangle.Atthispoint,200-dayEMAisworkingasasupportlevel. -Advertisement- IsPEPEPriceataDiscount? AcryptoanalystnamedEXCELGLOBALSIGNALS(@excel_global55)sharedhisanalysisonXaboutPEPEcrypto.HeclaimedthatthePEPEpricehasmadeadipandmightreverse. $PEPE24%downperfectpredictiononcemorehttps://t.co/vFIlGsnZl2pic.twitter.com/ZtkJQl7eEl —EXCELGLOBALSIGNALS📊(@excel_global55)October27,2024 Ina4-Htimeframe,thePEPEcryptohasjusttestedthelastswinglowandshownpricerejection.Here,buyershaveshowninvolvement,whichcouldleadtoabullishmomentumahead. PEPEPriceTriggeredaBreakdownFromSymmetricalTriangle Whenwriting,thePepecoinwastradingat$0.00000991,whichhasremainedneutraloverthepast24hours.Themarketcapitalizationwas$3.82Billion,andthe24-hourtradingvolumewas$432.16Million. BuyershaveshowninterestsinceSeptemberandliftedthepricethroughatrendline.Moreover,thepricehastriggeredabreakdownfromthetrendline. TrackallmarketsonTradingView ThePEPEpricehasformedasymmetricaltrianglepatternonthedailytimeframe,triggeringabreakdown.Itcouldbeabearishsignifthepriceslipsbelowthe200-dayEMA. Also,sellersmaydragthepricetothesignificantsupportlevelof$0.00000600.IfthePEPEpricelosesthiszone,strongsellingcanbeanticipated. Ontheotherhand,ifthecryptoassetpricedefendsthe200-dayEMA,abuyingsignalcanbegenerated. Oncethepriceexceedsthedescendingtrendline,buyersmightshowinterestandliftthepricefurther.Supposethetradingvolumeincreasesatthetimeofthebreakout,thenitcouldremainbullishforlonger. Basedonthetechnicalindicators,theRSIstayedbelowtheRSI-basedmovingaverage.Itisat44.84andheadingtowardtheoversoldzone,whichcaninvitesellers.Thepricehasdeclinedbelowthekeymovingaverages,demonstratingabearishtrend. PEPEPriceAnalysisandForecast PEPEpriceiscurrentlynavigatingacriticalphase,recentlydecliningby20%andencounteringsignificantsellingpressure.Thetokenhasfoundsupportatthe200-dayEMA. However,theoverallsentimentremainedcautiousduetoaweakeningRSIandabreakdownfromasymmetricaltrianglepattern.Supposethepricefallsbelowthe200-dayEMA,bearishmomentumcouldintensify. Thatcouldpotentiallyleadtoadropinkeysupportlevels.PEPEcryptomaymaintainitspositionabovethe200-dayEMAandbreakthroughthedescendingtrendline. Ifthishappens,itmaysignalapotentialreversalandattractbuyers.Increasedtradingvolumecanhelpmore.Asthesituationdevelops,vigilancewillbenecessarytoassessthenextmovesinthisvolatilemarket. thecoinrepublic.com

RalstonMaximus,atraderwithdecadesofmarketexperience,believessomeofthemostambitiousXRPpricetargetsarenotunreasonableinthisbullmarket. HeexpressedthisboldperspectiveinapostonX,respondingtoacriticwhoquestionedhisbullishtargetsforXRP.MaximusinitiallysparkedtheconversationbystatingthatXRPinfluencershave“ruined”livesbypromotingoverlyoptimisticpricetargets. Thecritic,@Phoddler,pointedoutthatMaximushimselfisguiltyofthesame,highlightinghispreviousforecastof$35forXRP. However,Maximuscounteredthatheisatraderwithalong-terminvestmentinXRPandisextremelybullishontheasset.HenotedthathisoptimistictargetsarecontingentonXRPovercomingitslong-standingresistancelevels. Still,Phoddlerinsistedthatatargetof$30to$35—oreven$7—is“ridiculous”andunattainableforXRP.Accordingtohim,XRPismorelikelytotankto$0.30thanriseto$7. Inresponse,Maximusexplainedthatthe$35targetrepresents“thelargermeasuredmove”forXRP,indicatinghismostoptimisticlevel,while$7isamoreconservativeoutlook.Heinsistedthatthesepriceprojectionsarenotridiculous,emphasizingthattheywillremainamirageuntilXRPbreaksoutofitsprolongeddowntrend. Howthefuckis$30-35aridiculoustarget?It’sthelargermeasuredmove$30-35.$7isthesmallermeasuredmove.I’matraderwithmyonelongtermbag$xrp.Wegotbentupuntilbreakout.ThedifferenceisI’mhonestaboutit.Missedopportunityismissedopportunity.UFk.https://t.co/SGXARjCNmt —MaximusPrime(@RalstonMax)October22,2024 What$7and$35PricePointsMeanforXRP Currently,XRPisvaluedat$0.5303.Reaching$7wouldrequireagrowthof1,220%,whilethehighertargetof$35wouldnecessitateanevenmoresubstantialincreaseof6,500%.Notably,XRP’smarketcapwouldrisetoapproximately$400billionatthe$7price,and$2trillionat$35. Notably,thesemarketcapswouldexceedEthereum’scurrentmarketcap,whichisapproximately$307billion.Similarly,thehighertargetwouldsurpassBitcoin’smarketcapofabout$1.3trillion. WhileMaximusarguedthatsuchextraordinarymarketcapsareattainableforXRP,otheranalystshaveusedtheseimplicationstolabelsuchtargetsunrealistic. Why$35is“NotRidiculous”forXRP,AccordingtoExperts Interestingly,otheranalystswhoarguethatapriceabove$10isattainableforXRPoftendrawinspirationfromEthereum. Forinstance,analystsCredibleandNick,founderofWeb3Alert,havepointedoutthatskepticsofXRP’spotentialoftenpredictEthereumcouldriseto$7,500–$10,000,resultinginamarketcapofaround$1.2trillion. Theyarguethatifa$1.2trillionmarketcapisattainableforEthereum,itisrationaltoassumeXRPcouldachieveasimilartrillion-dollarmarketcap,especiallysinceXRPhasrivaledEthereuminmarketcapinthepast. thecryptobasic.com