Why does XRP rise? Binance Receives 40 million XRP in the transformation of cryptocurrencies – Tradingview News
I reported to the XRP, which is a large transaction for XRP that includes Binance. The monitoring platform revealed that 40,000,000 XRP has been deposited at a value of approximately 124,788,255 dollars in Binance. Transport arose from an unknown Blockchain address.
Parallel to that, Xrpusd showed a bullish momentum on the chart per hour. As of this report, XRP is traded near a large resistance level, with small graphs during the day indicating a possible penetration.
XRPUSD, bullish, approaching the main resistance
XRPUSD, H1 chart, Source: TradingView
XRPUSD has shown a bullish behavior on the H1 chart today. He worked 2.91800 as support. After forming a bullish candle, the price gained an upward momentum. It is currently trading around the 3.33700 level, the level in which the price has interacted several times previously.
The penetration with confirmation at this level may attract more buyers and pay the price up. Secondary graphics during the day were also upscale, which led to the establishment of strong support areas, indicating that traders may enter purchase centers from these value areas.
Ripple donated XRP, legal battle and partnership with Chainlink
Ripple, the company behind XRP, recently gained attention when the CEO of GarlingHouse and Legal Director Alderoty attended a special dinner with President -elect Donald Trump on January 6. Garinghouse described the meeting as a positive start to 2025, which sparked speculation about the ongoing legal Ripple battle. With the US Securities and Stock Exchange (SEC).
In another development, Ripple made a donation of $ 100,000 in XRP to support the affected societies of forest fires in California. The donation directed to World Central Kitchen and Giveldirectly aims to provide immediate relief and long -term reconstruction. This initiative was implemented through The Giving Block, a platform for charitable charitable work.
Ripple donates $ 100,000 through XRP @Thegivingblock to @WCKITHEN and @Givedirectly To help relief efforts from forest fires in California.
Thanks to @rookisaacmanOur donation will be doubled.
You can help families and the first respondents as well. Current currencies, money and shares …
The Securities and Exchange Commission submitted an appeal on January 15, 2025 to appeal the decision of the Federal Court in its case against Ripple Labs. The appeal opposes the ruling of the New York Provincial Court, which ranked XRP sold to retailers as a non -securities. The Securities and Stock Exchange (SEC) seeks to cancel the decision of Judge Analisa Torres issued in July 2023, and argues that the XRP currency issued as compensation to employees and commercial transactions must be considered securities.
Ripple is also progressing in its expansion in Japan, where all banks XRP LEDGER are expected to adopt from Ripple in 2025. This integration, which was announced by the CEO of the Executive Subcommittee, Yoshitaka Kito, aims to enhance across border payments and currency transfers, which provides A more efficient solution. For international transfers.
In addition, Ripple entered into a partnership with Chainlink to expand its presence in decentralized financing (Defi). The collaboration intends to stable Ripple Rlusd with Defi applications on the ETHEREUM Blockchain series, allowing trading and lending.
Why is xrp rising today?
Several factors have contributed to high prices, including speculation about a shift in the position of the Securities and Exchange Commission during the Trump era, the potential approval of the immediate circulating investment funds of XRP, and the launch of the RLUSD stable currency. Technical analysis shows main support levels about $ 2, $ 2.25 and $ 2.50.
What is the price of XRP in 2025?
XRP prices for 2025 vary. Conservative estimates are between $ 1.35 and $ 2.50, while some analysts, such as Levi Retfield, suggest a range between 20 to 23 dollars. Optimistic expectations reach $ 70.
Is $ 500 realistic for XRP?
The price of XRP of $ 500 appears to be unlikely in the short term, as it will require a market value of $ 26 trillion. The most realistic estimates indicate a range of $ 15 to $ 25 by 2030. Grok AI believes it is possible to save $ 500 after 2030 with the approval of global payment.
Does XRP have long -term capabilities?
The Ripple coin (XRP) has capabilities, especially in the field of financial technology, due to its role in border payments and increasing partnerships in Asia, Africa and Latin America. By the period 2027-2028, more integration may occur in traditional financing.
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