Category: AI

MicroStrategy’sExecutiveChairmanMichaelSaylorhasdrawnattentiontoBitcoin’spotentialforcorporatebalancesheets.Healsosuggestedatrillion-dollardealtoMicrosoft,aleadingtechcompany.Moreover,thiscouldmarkthebeginningofaneweraofcorporateadoptionofBitcoin. MicroStrategy’sSaylorProposesMajorDealtoMicrosoftCEO SaylorbelievesMicrosoftcouldunlocksubstantialshareholdervaluebydiversifyingintoBTC.AsMicrosoftfacedaproposalforaBitcoindiversificationassessmentatitsrecentannualmeeting,SaylordirectedapublicmessagetoMicrosoftCEOSatyaNadella: “HeySatyaNadella,ifyouwanttomakethenexttrilliondollarsfor$MSFTshareholders,callme.” TheproposalforMicrosofttoconsideraddingBitcointoitstreasuryassets,submittedbytheNationalCenterforPublicPolicyResearch,emphasizedthevalueofassetsthatappreciateamidinflationarypressures.Thestatementargued,“Corporationshaveafiduciarydutytomaximizeshareholdervaluenotonlybyworkingtoincreaseprofitsbutalsobyworkingtoprotectthoseprofitsfromdebasement.” Hey@SatyaNadella,ifyouwanttomakethenexttrilliondollarsfor$MSFTshareholders,callme.pic.twitter.com/NPnVvL7Wmj —MichaelSaylor⚡️(@saylor)October25,2024 TheshareholdergroupunderscoredthatBitcoinoutperformedtraditionalcorporatebondssignificantlyoverrecentyears,delivering414%growthoverthepastfiveyears.TheproposalalsohighlightedthatMicroStrategysawitsstockoutperformMicrosoft’sbyastriking313%thisyear,despitebeingamuchsmallerentity. Inaddition,MatthewSigel,VanEck’sHeadofDigitalAssetsResearch,alsohighlightedMicrosoft’sevaluationofBitcoinandothercryptocurrenciesfortheirtreasurypotential.InarecentpostonX(formerlyTwitter),heexplained,“MSFThas&‘willcontinuetomonitortrends&developmentsrelatedtocryptocurrenciestoinformfuturedecision-making.’” MSFTSaysCompanyAlreadyConsiders#BitcoinasPossibleTreasuryAsset,MakingtheShareholderProposalRedundant. MSFTHas&“WillContinuetoMonitorTrends&DevelopmentsRelatedtoCryptocurrenciestoInformFutureDecision-Making”https://t.co/9VLGN1YCBXpic.twitter.com/b4LuejpR46 —matthewsigel,recoveringCFA(@matthew_sigel)October25,2024 Microsoft’sShareholderstoVoteonBitcoinProposal Microsoft’sboardhasrecommendedavoteagainsttheproposal,statingthatitsGlobalTreasuryandInvestmentServicesteamalreadyevaluatesdiverseassets,includingcryptocurrencies,toensurebothdiversificationandinflationprotectionforthecompany.AccordingtoMicrosoft’sofficialresponse,theboardbelievesanassessmentfocusedspecificallyonBitcoinwouldbeunnecessary,as“Microsoft’smanagementalreadycarefullyconsidersthistopic. Theyaddedthat“volatilityisafactortoconsiderinevaluatingcryptocurrencyinvestmentsforcorporatetreasuryapplicationsthatrequirestableandpredictableinvestments.”Nonetheless,advocatesofBitcoin’sintegrationbelieveitslong-termappreciationcouldofferuniquevalueintimesofhighinflation. TheshareholderproposalnotedthatU.S.inflationaveraged5.03%overthelastfouryears.Thismeansthatacorporation’sassetswouldneedtoappreciatesignificantly“justtobreakeven.”Hence,itcitedBitcoin’srecentperformance,whichsawa99.7%increaseinpricefromthepreviousyear,asevidenceofitsresilienceasastoreofvalue. WithMicroStrategy’srecentstocksurgetoa25-yearhighat$234.44,BitcoinadvocatesseetheproposalasanopportunityforMicrosofttofollowtheMSTRlead.However,Microsoft’sBoardmembershaveadvisedshareholderstodisapprovetheproposal.Inaddition,anti-cryptoVanguardownsaround9%ofthecompanystock,whichcouldinfluencethedecisionnegatively.Nevertheless,themarketawaitstheshareholders’decision. cryptonewsz.com

Theblockchainindustry,andbyextension,crypto,hasbecomeoneofthemostinterestingfintechindustriesofthe21stcentury.2024closeswithabigbanginDubaiwiththeGlobalBlockchainShow,whichwilltakeplaceonDecember12thand13thattheGrandHyattExhibitionCentre. Theeventhascalledinanexecutivecavalry,includingAnimoca’sYatSiuandTRON’sJustinSun.What’sbetter,MarcelloMari,theCEOandfounderofSingularityDAOandafoundingmemberofSingularityNET,willattendasaguestspeaker. Dubai’sBlockchainfinaleattractsthebestintheindustry MarcelloMaricomesinwithexperienceandevolutionashecoordinatedthefirstNFTcollaborationbetweenahumanandAI.Theventureraisedover$1.4million.Overhiscareer,Marcellohasbeenafoundationalpartofthelaunchofover6crypto/AIprojects. Asplanned,theGlobalBlockchainShowaimstouniteindustryleaders,developers,andblockchainenthusiastsfromaroundtheworld.TheleadspeakerswillfocusonWeb3gaming,digitalcurrency,blockchainregulations,cryptomining,trading,Web3security,theintegrationofAIandblockchain,andcrypto-collectiblessuchasNFTs.ThesefieldsareMarcelloMari’sforte. MarcelloMariasaSpeakerattheGlobalBlockchainShow–Dec2024inDubai InadditiontoYatSiuandJustinSun,MarcelloMariwillspeakalongsideBinance’sCMO,RachelConlan;AbdullaAlDhaheri,theCEOofAbuDhabiBlockchainCenter;AliciaKao–theManagingDirectoratKucoin:PierreSamaties,theChiefBusinessOfficeratDFINITY:andHodaAlKhazaimithatCo-ChairforGlobalFutureCouncilatWorldEconomicForum. VAPGroup,aWeb3andAIconsultinggiant,hasorganizedtheupcomingevent.VishalParmar,FounderandChiefExecutiveOfficerofVAPGroup,remarksthattheevent“isdesignedtobetheultimateblockchainmixerwhereattendeeswillgoonacontinuousjourneythroughthedynamicworldofblockchaintechnologyandunwindwiththe‘who’swho’oftheindustry.” cryptonewsz.com

Asdigitalassetmarketgrows,withprojectionsreachingtrillions,institutionslikeCitiandHSBCexpecttokenizationtotransformfinance.Cryptoexchangesareessentialtothisevolution,handlingdigitalassets,cross-borderpayments,andinstitutionalcustody.Tothrive,RippleCustodyhascomeupwithsolutionsforcryptoexchangesthatprovidehigh-securityoptionsformanagingdigitalassets. RippleCustodyandPayments:FlexibleandSecure Theplatformincludesbank-gradeself-custodyandcoldstorage,givingexchangescontroloverkeymanagementtocatertoabroadrangeofclientneeds,fromlong-termholderstoactivetraders.Thecustomizationallowsexchangestoeasilysupportemergingassetclassesasusecaseevolve. Ripplepayments,meanwhile,addressestheinefficienciesoftraditionalcross-borderpayments,offeringreal-time,low-costtransactionswithcompletetransparency.Thissolutionremovescostlyintermediariesprovidingfastersettlements,improvedFXrates,andabetteruserexperience,whichisvitalforattractinginstitutionalinvestors. SignificantBusinessBenefitswithRippleSolutions IntegratingXRP’sinfrastructureenablesexchangestounlocknewrevenuestreams,suchasdirectionaltrades,derivativepositions,andtokenizationassettrading,whileofferingglobalpayoutsinlocalcurrencies.XRP’ssolutionsalsoreducecompliancecostsbyensuringadherencetoKYC,AML,andCFTregulations,helpingexchangesmanagecomplexglobalregulations. ByadoptingRippleCustodyandPayments,cryptoexchangescanstreamlineoperations,reducecosts,andremaincompetitive.Ripple’stoolsprovidetheflexibilityandsecurityneededtosupportinstitutionaldemand,ensuringexchangesarepreparedforthefutureofdigitalfinance. cryptonewsz.com

TheVirtualSocietyFoundation,anindependentorganizationinitiatedbyBritishstartupImprobable,hasreleasedtechnicaldetailsforitsblockchainprojectSomnia. Theannouncementincludesanupdatedwhitepaperandspecificationsfortheplatform’sdevelopment. 🚀🦾We’rebeyondexcitedtosharethat@ImprobableioisdevelopingSomnia\'sBlockchain,thefastestEVMl1tobringentireworlds’datafullyon-chain.🤝https://t.co/23wamsRTV7 Withoveradecadeofexpertiseinbuildingvirtualworlds,they’renowhelpingusbuildthe…pic.twitter.com/ebu9GW0UkG —Somnia–aFullyOnchainWorld(@Somnia_Network)October24,2024 Somniaclaimedtohave400,000TPS Theproject,whichreceivedinitialfundingthroughMSquared’s$150millionraisefrominvestorsincludingAndreessenHorowitz,SoftBank,MiranaVentures,CMTDigital,andSIG,claimstoachievetransactionspeedsexceeding400,000TPSthroughitsMultistreamConsensusmechanism. Thefoundationreportsthattheplatformutilizescompressionalgorithmsdesignedtomove10-20timesmoredatabetweennodescomparedtoexistingblockchainnetworks.Theprojectaimstomaintaintransactioncostsbelowonecentthroughtheseoptimizations. Improbable,knownforitsexperienceinvirtualworlddevelopment,providesengineeringsupportandtechnicalresourcestotheproject. Thecompany’sfounderandCEO,HermanNarula,statedthattheprojectappliesgaminganddistributedsystemsknowledgetoaddressblockchainscalabilityissues. PaulThomas,founderofTheVirtualSocietyFoundation,indicatedthattheplatform’sinfrastructureisbeingdevelopedtosupportreal-timeapplicationsspanninggaming,socialnetworks,anddecentralizedfinance. Theblockchainproject’sdevelopmentrepresentsamajorinvestmentinblockchaininfrastructure,thoughitsperformanceclaimsandtechnicalcapabilitiesremaintobedemonstratedinreal-worldconditions. cryptonewsz.com

Hackersinvolvedinthemassive$243millioncryptothefthavereturned$19.2milliontoacompromisedU.S.governmentwallet.ThiscomesafterblockchaininvestigatorZachXBTreportedongoingeffortstotrackthestolenfunds.Thehackershadinitiallymovedasignificantportionofthestolenassetstomultipleexchanges,includingSwitchain,HitBTC,andNExchange,complicatingtherecoveryprocess​ ZachXBTTelegramUpdate TheUSHackSaga InAugust2024,agroupofcybercriminalsexecutedasocialengineeringattack,stealing4,064BTC(valuedat$243millionatthetime)fromaGenesiscreditor.ByimpersonatingGoogleandGeminisupport,theattackersgainedaccesstothevictim’swalletsandtransferredthefundstovariousexchanges.ZachXBT’sinvestigationhasbeenpivotalinfreezing$9millionofthesestolenassets,with$500,000alreadyreturnedtothevictim. Despitetheseefforts,alargeportionofthestolenfundsremainsincirculationacrossmultiplewalletsandexchanges.Thereturnof$19.2millionmarksacrucialstepforwardintherecoveryprocess,thoughmuchofthestolencryptoisstillbeingtraced. AKeyWininCryptoTheftRecovery Thereturnofthesefundsissignificantasitdemonstratesongoingpressurefrominvestigatorsandlawenforcement.It’salsoareminderofhowquicklystolencryptocanbelaunderedthroughexchanges.Asblockchainforensicsevolve,thiscasehighlightstheimportanceofdecentralizedtrackingtorecoverassetsandbringcybercriminalstojustice. ZachXBT’seffortshavetakenthecentralstageinrecoveringthesestolenfunds.Hisblockchaintracingworkhasledtoseveralarrestsandfrozenassets,reinforcingtheroleofinvestigatorsinfightingcrypto-relatedcrimes.Thereturnof$19.2millionisavictory,butthefighttorecovertheremainingstolenfundscontinues. cryptonewsz.com

TronfounderJustinSunrecentlyhintedatafreshsurgeinTronmemecoins.HealsosuggestedthatTRXcouldsurpassitsprevioushighwithouttheusualhype.Moreover,SunconnectedthisupcomingsurgetoanimpendingupsurgeinthedemandforTronmemecoinsinthecryptomarket. JustinSharesInsightonFutureofTronMemecoins SunsharedonX(formerlyTwitter),“TRXisabouttosurpassitsprevioushighsoon,andnobodyhasnoticed.Lasttime,thewholeindustrywastalkingaboutit,citingreasonslikeTronmemeseasonandstablecoinadoption.Butthistime,there’snoreasonatall.” AccordingtoSun,theupcominggrowthisdrivenbycontinuousdevelopmentandthesupportoftheTroncommunity.Hestated,“IbelieveTronmemecoinsareabouttoexperienceasecondwaveofgrowth.Withcontinuousbuildingandcommunitydevelopment,Tronhasbeensteadilyprogressing.”IfTRXbreaksitspreviouspeak,Sunexpects“theFOMOforTronmemecoinswon’tbefarbehind.” Aspartofthispushintothememecoinspace,Tronrecentlyintroduced“SunPump,”aplatformdesignedformemetokenswithinitsblockchainecosystem.ThisdevelopmentalignswithTron’sincreasingfocusonthememesector.SunenvisionsSunPumpasaplatformwherecommunity-driventokenscangaintraction,potentiallysparkingwiderinterestinTronmemecoins. Advertisement TheTronnetworkhaswitnessednotablegrowth.TRX’smarketcapitalizationrosefromapproximately$11billionto$13.5billioninQ32024,markingtheseventhstraightquarterofexpansion,accordingtoMessaridata.TRXhassecuredaplaceinthetop10cryptocurrenciesbymarketcap,rankingclosetoestablishedcoinslikeXRPandDogecoin(DOGE). IbelieveTronmemecoinsareabouttoexperienceasecondwaveofgrowth.Withcontinuousbuildingandcommunitydevelopment,Tronhasbeensteadilyprogressing.OnceTRXbreaksitsprevioushigh,theFOMOforTronmemecoinswon’tbefarbehind.https://t.co/ksa5GsznMv —H.E.JustinSun🌞(hiring)(@justinsuntron)October25,2024 Inaddition,TRXtransactionvolumeincreasedby29%inQ3,reaching$151million,spurredinpartbySunPump.Augustwasparticularlyactiveforthenetwork,withover270millionTRXburnedononeday,thelargestburnrecordedonSunPumptodate. TRX’sdeflationarymodel,whichcapsthetokensupplyat100billion,alsoaddsvalueasthetokensupplydecreasesovertime.Withincreasedtokenburns,TRX’sannualdeflationrateclimbedto-2.7%inQ3from-2.4%inthepreviousquarter.Thisdecreaseinsupplyhasbeenbeneficialforholders,withstakingyieldsupby13%quarter-on-quarterasmoreusersparticipate. AUniqueTakeonAIMemecoins SunhasalsotakenstepstoaddresstheethicalconcernssurroundingAI’sroleinmemecoins.HisrecentinterpretationofAsimov’sThreeLawsofRoboticsforAImemecoinsreflectsthiscommitment.Hisfirstrulestatesthat“anAImaynotcreateandthendumpanAImemecoin,norseekpersonalprofitifitwouldharmhumaninterests.”Therulesemphasizeinvestorprotectionandethicalprojectmanagement,pointingtowardanevolvingapproachinmanagingAI-influencedassets. WithTRON’sexpandinguseractivityandtherecentlaunchofSunPump,SunispositioningTronmemecoinsasamajorsectorintheblockchainspace.Atthetimeofreporting,TRXhasseena1.83%rise,tradingaround$0.17.ThemomentumsurroundingTRONanditscommitmenttodeflationarygrowthandethicalguidelinescouldaddtothenetwork’sattractivenessamonginvestorsseekingexposuretothegrowingworldofTronmemecoins. Also,wearehonoredtoannouncethatTron’sJustinSunwillattendtheGlobalBlockchainShowinDubaischeduledforDecember12-13,2024. cryptonewsz.com

ThehighlyanticipatedlistingofXEmpire(X)hasofficiallylaunched,markingasignificantmilestoneforcryptocurrencycommunity.Withamarketcapnearing$100million,XEmpire’sXtokenhasquicklybecomeafavoriteamongtraders,evidencebyitspositionasthehottesttradingpairagainstUSDT. Thelistinghashappened! Thankyoutoeveryonewhotookpartinthismassivemovement.We’retrulyhappythatmillionsofpeoplewereabletojoinintheairdrop. Wegotwhatwegot. Nearly$100MmarketcapX/USDT–thehottesttradingpair$350Mtradingvolume$X–the… —XEmpire(@xempiregame)October25,2024 Injustashorttime,tradingvolumehassurgedto$350million,showcasingrobustinterestandactivity.ThelistingnotonlyhighlightstheexcitementsurroundingXbutalsoemphasizesthestrengthofitcommunity,particularlythededicated$Xholderswhohaveshownunwaveringsupport. XEmpireListingonMEXCandRewards Tocelebratethislaunch,MEXCFuturesintroducedtheX/USDTperpetualfuturestradingpair,allowinguserstoleveragetheirtradeswithadjustableleverageoptions.ThetradingeventrunsuntilOctober29,2024.Thenewfuturesuserscantakeadvantageofseveralexcitingoffers: NewFutureUserReward:Thefirst500newfuturestraderswhoaccumulateatradingvolumeofatleast20,000USDTwilleachreceivea10USDTfuturesbonus. TradingRankingCompetition:Userswhorankinthetop500basedontheirtotaltradingvolumeofXUDT(50,000USDT)canshare12,000USDTbonuspool.Thetopthreetraderswillreceiverewardsof2,000USDT,1,400USDT,and1,200USDT,respectively. SpotUserExclusiveLuckyReward:Amonguserswhohavetradedspotbutnotfuturesbeforethelisting,300willberandomlyselectedtoreceivea10USDTfuturesbonusiftheytradeXUSDTandreachavolumeofatleast50,000USDT. Thesepromotionsaredesignedtoenhanceuserengagementandrewardactiveparticipationinthenewlylistedfuturesmarket. Asthejourneycontinues,theXEmpireteamexpressesgratitudetoallparticipantsinthismassivemovement.Withitsinnovativeappraochandstrongcommunitybacking,Xispoisedforfurthergrowthintheever-evolvingcryptolandscape.Thefuturelooksbrightforallthosewithdiamondhandsholding$X. cryptonewsz.com

DespitethelongroadtowarditsIPO,USDCstablecoinissuerCircleInternetFinancialisnotgivinguponitsdream.Formorethan2yearssinceitstartedpursuinggoingpublic,CEOJeremyAllairesaidthefirmhasbuildastrongbusinesspendingthelisting.Despitesilenceintheprocessinrecenttimes,AllairetoldBloombergthefirmisstillcommittedtogoingpublic.

RippleLabshasfiledaFormCcross-appealintheU.S.CourtofAppealsfortheSecondCircuitaspartofitsongoinglegalbattlewiththeU.S.SecuritiesandExchangeCommission(SEC).ThecompanyseekstoreversecertainpartsofapriorrulingconcerningspecificXRPtokeninstitutionalsales,whichwereconsideredsecurities,andhencesubjecttoafineof$125millionbythecourt. Ripple’sChiefLegalOfficer,StuartAlderoty,saidtheappealdoesnotchallengeXRP’sstatusasanon-security,asdeclaredintheaforementionedpivotalcourtrulinginJuly.Thesaidcross-appealchallengesthedistrictcourt’sinterpretationofthe1933SecuritiesActregardingXRPsales. Theargumentrevolvesaroundthemeaningoftheterm‘investmentcontract,’inthatitusuallyinvolvesthedeathofpost-contractualobligationsofthesellerorabuyer’sentitlementtoprofitscreatedfromtheseller’sefforts. ThefirmarguesthatitsellsXRPneitherattherequestnorfortheaccountofanybuyers.ThatneitheroftheseconditionsappliedtoitsXRPsales,andthecourt’sdecisionwastoobroadinreadingsecurities. Ripplealsocountersthecourt’suseoftheHoweyTest(1946Courtsstandardtoclassifyatransactionasasecurity).Accordingtothecompany,thecourtdoesn’tgetthe“investmentofmoney”or“commonenterprise”partoftheHoweyframeworkright. Furthermore,XRPworksinadecentralizedenvironmentwheretheinvestorreturnsarenotentirelybasedonactivities,makingXRPineligiblefromthesecuritiesclassificationusedbythecourt. Ripple’sFairNoticeDefenseChallengesSECAuthority RipplehasalsocriticizedtheSEC’sapproach,especiallynotingtherequirementforclearregulatoryguidanceforcompanies.Thefirmalsoclaimsitcouldonlyhavedeliberatelyfloutedtheruleswhenadequatelyinstructed. IfRipple’sfairnoticedefenseisupheld,itwouldfacilitatethecontinuationoftheproblematicprecedentofregulatoryambiguityforthecryptocurrencyindustry,leadingtoenforcementagainstitsolelyonfairnotice. Pro-XRPattorneyJeremyHogansaidRipple’sfairnoticeargumentcouldsubstantiallyreducetheSEC’senforcementpowerifsuccessful.Ifthecaseresultsinafavorableoutcomeforthefirm,thefactthatregulatorsmayprovideclearerguidanceforcryptocurrencyfirmscouldalsohelpsettransformativeenforcementlawsmovingforward. ThispositionclarifiesthatRipplebelievesregulatoryagenciesmustdisclosetheirguidanceandmakeiteasytocomply.Ripplealsoopposesthecourt’sinjunction,whichtoldthefirmtoactaccordingtothelawinawaythatRipplecallsvague. AccordingtoRipple,thelackofspecificguidelinesmakescompliancechallenging,andtheracetocomeunderitsdragnetslegalriskandhindersoperationalclarity.Thefirm’slegalteambelievesthatsucharefinedinjunctionwouldprovidethefirmandtheindustrywithmoreprecisestandards. SECAppealsXRPSalesRuling Atthesametime,RippleisfacinganappealfromtheSECattheSecondCircuitCourt,whichdisputestheprogrammaticXRPsalesandemployeedistributionsmadebyRippleitself.JudgeAnalisaTorres’rulingthatthosesalesdidnotconstitutesecuritiesviolations,theSECwantsitoverturned. TheSECallegesRippleexecutivesBradGarlinghouseandChrisLarsenhavefacilitatedunregisteredXRPsales,whichRippledisputes.It’sallintheappeal:TheSECneedstoextenditsregulatoryoversightovercryptocurrencytransactions. IftheSEC’slawsuitsucceeds,itcouldprecedeotherdigitalassetstreatedassecuritiesandrippleeffectontokensalesacrosstheindustrygoingforward.Further,thiscasealsopresentsquestionsabouttheSEC’sregulatoryreachandwhetheritwillstretchtoalldigitalassets,anideathathasattractedheavyscrutiny. XRPcontinuestoseeinterestinitsongoingexpansionintonewmarketsasRipplehabeendiscussingXRP-backedETFsinrecentdays.ItisnoteworthythatassetmanagerslikeBitwiseandCanaryCapitalhavecontinuedtoshowinterest. Evidently,thecontinuedwidespreadinterestinXRPamongindustryplayersfurtherreinforcesitslegitimacyandbroadacceptancewithinthecryptoeconomicspace. thecoinrepublic.com

Ripple(XRP)pricehasdroppedby11.09%overthelast30days,andcurrentindicatorssuggestfurthercaution.TheRelativeStrengthIndex(RSI)isat38.93,indicatingadowntrendbutnotyetsignalingoversoldconditions. ThismeansthatXRP’scorrectionmaystillhaveroomtocontinuebeforefindingstrongsupport.Additionally,whiletheChaikinMoneyFlow(CMF)ispositiveat0.11,thishasn’ttranslatedintopricegrowth,indicatingthatconfidenceinXRPisstillweak. XRPRSIIsStillFarFromOversold XRP’sRSIiscurrentlyat38.93,indicatingthattheassetisinadowntrendbutnotyetoversold.Thislevelsuggeststhatsellingpressureisstillpresent,thoughithasn’treachedextremelevels. TheRelativeStrengthIndex(RSI)isamomentumindicatorusedtomeasurethespeedandchangeofpricemovements.Itrangesfrom0to100,withvaluesabove70indicatingoverboughtconditionsandvaluesbelow30suggestinganassetisoversold. XRPRSI.Source:TradingView WiththeRSIhoveringabovetheoversoldthreshold,itsignalsthattherecouldstillberoomforfurtherdownwardmovementforXRPpricebeforebuyersstepin. RippleCMFIsPositive,ButThisMayNotBeEnough XRP’sChaikinMoneyFlow(CMF)iscurrentlyat0.11,indicatingsomepositivebuyingpressure.However,apositiveCMFreadingdoesn’talwaysmeanthemarketisbullish.Despitebeinginthepositivezone,thisvaluealonedoesn’tprovideenoughconfidenceforaclearupwardtrend. XRPCMF.Source:TradingView TheChaikinMoneyFlow(CMF)isanindicatorthatmeasuresthebuyingandsellingpressureofanasset,rangingbetween-1and1.WhenCMFispositive,itshowsthatbuyingpressureisgreaterthansellingpressure.Inrecentmonths,evenwhenXRP’sCMFhasturnedpositive,ithasn’tconsistentlyledtopricegains. Overthepastfewweeks,CMFreadingshavebecomenotablypositive,yetXRP’spricefailedtosurge.ThissuggeststhatholdersmaystilllackstrongconfidenceinXRP,andahigherCMFvaluecouldbeneededtotriggersignificantpricegrowth. RipplePricePrediction:APotential23%CorrectionSoon? XRP’spriceiscurrentlytradingbelowalltheEMAlines,suggestingabearishsentiment.TheEMAlinesareslopingdownwards,withshorter-termEMAspositionedbelowlonger-termones,whichfurtherconfirmstheprevailingdowntrend. Thisalignmentindicatesthatthesellingpressureisdominating,andthereisn’tmuchmomentumforastrongupwardmovementyet. Readmore:XRPETFExplained:WhatItIsandHowItWorks XRPEMALinesandSupportandResistance.Source:TradingView Keyresistancelevelsaremarkedat$0.56and$0.61.Forapotentialbullishreversal,XRPneedstobreakabovetheseresistancezonestoregainpositivemomentum.AnuptrendcouldappearifXRPwinsitslegalbattlesagainsttheSECorifitsETFisapproved. Onthedownside,supportlevelsat$0.43and$0.40provideasafetynetifthepricecontinuestofall.Thatmeansapotential23%correctionintheXRPprice. beincrypto.com