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Breaking News: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May
Step Down
XRP CLIMBS ABOVE $1, FIBONACCI LEVELS REVEAL MORE GAINS AHEAD
Semilore Faleti
5 hours ago
2 mins read
Este artículo también está disponible en español.
The price of XRP has moved above $1, entering a price zone last seen in 2021.
Amidst the general crypto surge, the prominent altcoin is undergoing a
remarkable price rally resulting in 104.59% surge over the last seven days. As
it stands, XRP appears to be shooting for the stars with analysts now strongly
bullish on how high the token can go.
RELATED READING
XRP PRICE WILL ESCALATE TO $1.03 THIS WEEK IF THIS HAPPENS: ANALYST
2 days ago
XRP ‘KABOOM’ CONFIRMED – HERE’S PRICE PATH TO $32
In an X post on November 16, market analyst EGRAG CRYPTO shared a positive
prediction on XRP in regard to market cap following recent gains.
EGRAG Crypto noted that XRP’s market cap is closing above the Fibonacci level of
0.702 which corresponds to $51.35 billion, and has recently reached the
Fibonacci level of 0.786, which represents $60.06 billion. Importantly, the coin
is also breaking past an ascending trendline that stretches back to 2017, which
all presents a super bullish signal that will initiate a series of significant
price explosions.
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Source: EGRAG CRYPTO on X
According to the analyst, if the XRP monthly candle closes above the Fibonacci
level of 0.786, it will confirm an ascent to the Fibonacci level of 1.618 at
which the crypto will attain total market shares of $283.42 billion. In regards
to price action, the current supply of 57 billion XRP indicates a potential
price target of $4.96 if this market cap is achieved.
However, as earlier stated, XRP’s recent price rally has ignited a strong
bullish signal that is to result in a cascade of price surges. Therefore, EGRAG
Crypto has projected multiple Fibonacci level targets for XRP market cap, with
the attainment of each one, a confirmation of the next.
Following a successful climb to the Fibonacci level of 1.618, future targets by
EGRAG are levels 2.0, 2.272, and 2.618, at which XRP is expected to have market
cap values of $577.86 billion, $959.66 billion, and $1.83 trillion. These market
shares will correspond to prices of $10.13, $16.83, and $32.11, respectively.
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1 day ago
XRP MARKET CAP HITS $65 BILLION, BECOMES 6TH LARGEST CRYPTO
According to data from CoinMarketCap, XRP’s market cap is now valued at $65.24
billion, reflecting a 26.51% gain in the past day. Notably, the altcoin has also
flipped DOGE to become the sixth-largest cryptocurrency amidst the recent price
gain.
XRP began gaining aggressively on November 15, price increase after SEC Chair
Gary Gensler hinted at a possible resignation which may spell some good news in
the Commission’s ongoing case with Ripple. These gains have been further
strengthened by a massive buying spree by the XRP whales who are eyeing larger
future gains.
At the time of writing, XRP trades at $1.10. Meanwhile, the asset’s daily
trading volume has increased by 104.46% and is valued at $23.13 billion.
XRP trading at $1.11 on the daily chart | Source: XRPUSDT chart on
Tradingview.com
Featured image from CryptoRank, chart from Tradingview
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SEMILORE FALETI
Semilore Faleti is a cryptocurrency writer specialized in the field of
journalism and content creation. While he started out writing on several
subjects, Semilore soon found a knack for cracking down on the complexities and
intricacies in the intriguing world of blockchains and cryptocurrency.
Read more
Semilore is drawn to the efficiency of digital assets in terms of storing, and
transferring value. He is a staunch advocate for the adoption of cryptocurrency
as he believes it can improve the digitalization and transparency of the
existing financial systems.
In two years of active crypto writing, Semilore has covered multiple aspects of
the digital asset space including blockchains, decentralized finance (DeFi),
staking, non-fungible tokens (NFT), regulations and network upgrades among
others.
In his early years, Semilore honed his skills as a content writer, curating
educational articles that catered to a wide audience. His pieces were
particularly valuable for individuals new to the crypto space, offering
insightful explanations that demystified the world of digital currencies.
Semilore also curated pieces for veteran crypto users ensuring they were up to
date with the latest blockchains, decentralized applications and network
updates. This foundation in educational writing has continued to inform his
work, ensuring that his current work remains accessible, accurate and
informative.
Currently at NewsBTC, Semilore is dedicated to reporting the latest news on
cryptocurrency price action, on-chain developments and whale activity. He also
covers the latest token analysis and price predictions by top market experts
thus providing readers with potentially insightful and actionable information.
Through his meticulous research and engaging writing style, Semilore strives to
establish himself as a trusted source in the crypto journalism field to inform
and educate his audience on the latest trends and developments in the rapidly
evolving world of digital assets.
Outside his work, Semilore possesses other passions like all individuals. He is
a big music fan with an interest in almost every genre. He can be described as a
“music nomad” always ready to listen to new artists and explore new trends.
Semilore Faleti is also a strong advocate for social justice, preaching
fairness, inclusivity, and equity. He actively promotes the engagement of issues
centred around systemic inequalities and all forms of discrimination.
He also promotes political participation by all persons at all levels. He
believes active contribution to governmental systems and policies is the fastest
and most effective way to bring about permanent positive change in any society.
In conclusion, Semilore Faleti exemplifies the convergence of expertise,
passion, and advocacy in the world of crypto journalism. He is a rare individual
whose work in documenting the evolution of cryptocurrency will remain relevant
for years to come.
His dedication to demystifying digital assets and advocating for their adoption,
combined with his commitment to social justice and political engagement,
positions him as a dynamic and influential voice in the industry.
Whether through his meticulous reporting at NewsBTC or his fervent promotion of
fairness and equity, Semilore continues to inform, educate, and inspire his
audience, striving for a more transparent and inclusive financial future.
Close
Disclaimer: The information found on NewsBTC is for educational purposes only.
It does not represent the opinions of NewsBTC on whether to buy, sell or hold
any investments and naturally investing carries risks. You are advised to
conduct your own research before making any investment decisions. Use
information provided on this website entirely at your own risk.
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