Naslovnica Vijesti o kovanicama XRP Could Soar to $150 Amid Bull Flag Pattern

XRP Could Soar to $150 Amid Bull Flag Pattern

17 Dec, 2024Vijesti o kovanicama

XRP Could Soar to $150 Amid Bull Flag Pattern

The rally of XRP has stalled after a remarkable six-week surge as profit-taking slows its advance toward the $3.00 mark.

On Dec. 16, the XRP/USD pair fell 2% to an intraday low of $2.3 in a corrective trend that began after peaking at $2.90 on Dec. 3.

Consequently, XRP has declined nearly 18% after tripling its value over the past six weeks.

XRP has garnered increasing attention not only for its impressive recent performance but also due to major developments within the XRP Ledger (XRPL) ecosystem, particularly the upcoming launch of the RLUSD stablecoin.

Pegged 1:1 to the U.S. dollar, RLUSD is scheduled to launch on both the XRPL and Ethereum blockchains, backed by cash reserves and U.S. Treasury bills.

Importantly, RLUSD will require XRP for transaction fees.

After receiving approval from the New York Department of Financial Services, RLUSD is expected to be widely used for transactions and savings, especially in emerging economies.

Georgios Vlachos, co-founder of Axelar, believes this development will significantly boost XRP adoption as a payment token in 2025.

He also noted that Axelar’s interoperability platform connects XRPL to 69 other blockchains, ensuring smooth integration across ecosystems.

Meanwhile, Ripple’s Chief Technology Officer David Schwartz cautioned investors about potential supply constraints and price volatility for RLUSD at launch.

Schwartz also addressed concerns surrounding pre-launch bids that appear to be driving RLUSD’s perceived value, stating:

“Rather than reflecting actual market worth, such high bids probably reflect people looking for the novelty of holding the first RLUSD tokens.”

The Ripple executive reassured that the stablecoin’s price would stabilize near its intended $1 parity once supply and demand normalize, despite the expected fluctuations.

Expectations of a crypto-friendly regulatory environment under Trump’s presidency, coupled with RLUSD’s upcoming launch, have fueled significant growth in XRP-tracked futures.

Open interest (OI) reached record highs on Dec. 3, a key indicator that traders and analysts use to gauge market sentiment and anticipate future price movements.

Higher open interest suggests that more money is flowing into the market, increasing the likelihood that the prevailing trend will continue.

Despite the current price correction, the XRP/USD pair is expected to resume its bullish trajectory, forming a classic bull flag technical pattern, which signals an upside outlook.

This “bull flag” pattern appears when a price consolidates lower within a descending channel (the flag) after a strong upward move (the flagpole).

The price then typically breaks above the flag’s upper trendline, rising by the height of the flagpole.

XRP’s recent price movements indicate the formation of such a bull flag pattern, with the next bullish target calculated based on the flagpole’s height.

This target points to approximately $15, representing a 520% increase from the current price.

Sources:

https://cointelegraph.com/news/xrp-price-chart-bull-flag-15-consolidation

https://x.com/JoelKatz/status/1868329931698245843

https://www.tradingview.com/x/EdJIo47J/

Natrag na Vijesti o kovanicama
Related articles
Tether Records $13 Billion Profit in 2024

Vijesti o kovanicama

Tether Records $13 Billion Profit in 2024

Crypto.com Will Delist USDT Stablecoin

Vijesti o kovanicama

Crypto.com Will Delist USDT Stablecoin

Crypto and Solana Search Volumes Surge

Vijesti o kovanicama

Crypto and Solana Search Volumes Surge

Solana and XRP ETFs Could Attract Billions

Vijesti o kovanicama

Solana and XRP ETFs Could Attract Billions

Ne propustite kripto novosti

Pretplatite se na naš newsletter - najbolji način da ste informirani o kripto svijetu. Bez spama. Odjaviti se možete bilo kada.

Kada s nama podijelite svoju e-adresu, pristajete na primanje BITmarketovog newslettera. U našoj Politici privatnosti pročitajte kako obrađujemo vaše podatke

Koristimo kolačiće za pohranu, pristup i obradu osobnih podataka kako bismo vam pružili najbolje online iskustvo. Klikom na Prihvati kolačiće pristajete na pohranu svih kolačića i osiguravate najbolje moguće djelovanje internetske stranice. Možete promijeniti postavke kolačića ili povući privolu klikom na Postavke kolačića. Da biste saznali više o kolačićima i svrhama, pročitajte Politika kolačića and Politika privatnosti

Postavke kolačića


Kontrola kolačića


Što su kolačići?

Kolačići su male tekstualne datoteke koje omogućuju nama i našoj usluzi jedinstvenu identifikaciju vašeg preglednika ili uređaja. Kolačići obično rade tako da vašem uređaju dodijele jedinstveni broj i na vašem ih pregledniku pohranjuju internetske stranice koje posjećujete, kao i treći pružatelji usluga za te internetske stranice. Pod pojmom kolačići treba uzeti u obzir druge tehnologije kao što su SDK-ovi, pikseli i lokalno pohranjivanje.


Ako je omogućeno

Možemo vas prepoznati kao klijenta što omogućava prilagođene usluge, sadržaj i oglašavanje, učinkovitost usluga i prepoznavanje uređaja za veću sigurnost
Možemo poboljšati vaše iskustvo na temelju vaše prethodne sesije
Možemo pratiti vaše preferencije i personalizirati usluge
Možemo poboljšati performanse internetske stranice.


Ako je onemogućeno

Nećemo moći zapamtiti vaše prethodne sesije, što će nam onemogućiti da internetsku stranicu prilagodimo vašim željama
Neke značajke možda neće biti dostupne i korisničko iskustvo bez kolačića će biti lošije


Strogo nužni znači da se osnovne funkcije internetske stranice neće aktivirati bez njihove upotrebe. Budući da su ovi kolačići ključni za pravilan rad i sigurnost usluga internetskog mjesta, ne možete odustati od korištenja ovih tehnologija. I dalje ih možete blokirati u svom pregledniku, ali to može uzrokovati greške u djelovanju osnovnih funkcija internetske stranice.

  • Postavljanje zaštite privatnosti
  • Sigurna prijava
  • Sigurna veza tijekom korištenja usluga
  • Ispunjavanje obrazaca

Analitika i tehnologije praćenja performansi za analizu načina na koji koristite internetsku stranicu.

  • Najgledanije stranice
  • Interakcija sa sadržajem
  • Analiza grešaka
  • Ispitivanje i mjerenje različitih učinkovitosti dizajna

Internetska stranica može koristiti tehnologije trećih strana za oglašavanje i marketing.

  • Promoviranje naših usluga na drugim platformama i internetskim stranicama
  • Mjerenje učinkovitosti naših kampanja