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XRP Plummets As 213 Million Tokens Stolen, Founder Acknowledges Theft

Following reports by ZachXBT on X that 213 million $XRP tokens valued at $112.5 million were stolen and laundered through exchanges like MEXC, Binance, Kraken, and OKX, the price of $XRP experienced a significant drop of more than 5%, now trading below the $0.5 mark. https://twitter.com/zachxbt/status/1752694489905528943?t=jpVrdz_rzDn7EZp7JEo43g&s=19 Chris Larsen, co-founder of Ripple, confirmed the theft, clarifying that the tokens were taken from his personal accounts rather than Ripple's. Larsen assured that they swiftly detected the issue and informed exchanges to freeze the affected addresses, with law enforcement already involved. https://twitter.com/chrislarsensf/status/1752702297971532258?t=XxR55Iy_6eAPuI2E9RztWw&s=19 $XRP Price Action Following The News After Wednesday's decline, XRP Ledger fell below the $0.50 market value for the first time since October 19th.  https://twitter.com/mycoinecho/status/1752718061881250158?t=_Mk7r0ZhQ_-tPGbyhACowQ&s=19 However, despite the setback, yesterday recorded the highest number of $XRP $1M+ whale transactions on the network (217) since prices surged after a judge's ruling that […]

Will Izuchukwu February 2, 2024

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XRPLedger Sees Surge In Wallet Adoption Amidst Talks Of XRP ETF

XRPLedger, the underlying technology behind the cryptocurrency XRP, has witnessed a significant milestone with over 5.02 million distinct wallets holding more than 0 XRP coins.  This marks the highest number of wallets in the 10+ years of XRPLedger's public trading history. The growth in wallet adoption reflects the expanding network and growing interest in XRP. Https://twitter.com/santimentfeed/status/1751042416034074950?t=0Mdg8tWuhVZ-K4Lwv_c2gA&s=19 In the past three years, the number of XRP wallets holding more than 0 coins has more than doubled, showing a remarkable 104% increase. This surge highlights the increasing popularity and utilization of XRP as a digital asset. Talks Around A Possible XRP ETF Approval In The Future Discussions surrounding the potential approval of an XRP Exchange-Traded Fund (ETF) are underway. Crypto journalist Eleanor Terrett emphasizes that the establishment of a futures ETF is a necessary precursor to a spot ETF for XRP.  Similar […]

Will Izuchukwu January 27, 2024

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Featured

Bitfinex Halts $15 Billion XRP Transaction Amidst Attack Attempt

In a recent incident, an attacker made an unsuccessful attempt to exploit some of XRP's payment features on the Bitfinex exchange. The alarming transaction involved a staggering 25.6 billion XRP, equivalent to approximately $15 billion, and was initially flagged by Whale Alert.  Subsequent investigations revealed that this was a thwarted attack, with Bitfinex successfully preventing the unauthorized transaction. Notably, Binance reported no impact from a similar attempted attack. https://twitter.com/WuBlockchain/status/1746748922654330978?t=U6Hi3vzeg9U22pTgInOEig&s=19 XRP Sentiment Turns Negative In Effect In the aftermath of this thwarted attack utilizing a partial payment exploit, the sentiment around $XRP has turned notably negative. The altcoin's price performance in 2024 has been relatively modest, accompanied by a low Relative Strength Index (RSI). Despite the heightened fear, the low RSI at 42 suggests a potential for higher upside than downside. https://twitter.com/santimentfeed/status/1746989477854400801?t=XJC0oZvVsEbd-4sQnx6ZmQ&s=19 The RSI, currently at 42, indicates a value below […]

Will Izuchukwu January 16, 2024

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Market Analysis

RIPPLE PRICE ANALYSIS & PREDICTION (November 13) – XRP Forms Bull Flag Pattern As Fresh Increase Underways

Ripple is in the red zone today following a steady drop in the past 7 days. Trading looks calm due to a shrink in volatility. It remained bullish but is now on the verge of breaking away from a symmetry triangle. XRP tested the $0.736 level a week ago and failed to sustain momentum. It paused the rally and started to lose steam until it pinned support at $0.63 last week.  That support held well with a series of daily lows above it. Due to the extreme drop in volatility in the past week, the price appears weak with choppy price actions. There’s currently a lack of interest in the market. Despite that, it looks poise for another surge in volatility as it formed inside a symmetry triangle – a bull flag pattern on the lower timeframe. However, the price […]

Michael Fasogbon November 14, 2023

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News

XRP Surges 9%, Nearing BNB In Market Capitalization Amid Global Expansion

XRP, the cryptocurrency associated with Ripple, has made a significant move by surging 9% to reach an intraday high of $0.68, according to data from CoinGecko. This swell has brought XRP near to surpassing Binance Coin( BNB) in terms of market capitalization, with their values standing at $36.5 billion and $37.4 billion, respectively.  XRP Price Responds To Bullish Momentum This price rally marks a remarkable achievement for XRP, as it now sits at its topmost position since August 2. Still, it's important to note that XRP still has a significant distance to cover to reclaim its yearly high of $0.93, which was attained on July 13.  The recent swell in XRP's price follows a vital legal win for Ripple Labs in a nearly watched case with the U.S. Securities and Exchange Commission( SEC). The civil court ruled in favor of […]

Will Izuchukwu November 5, 2023

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Market Analysis

RIPPLE PRICE ANALYSIS & PREDICTION (November 1) – XRP Takes Off Amid Bitcoin’s Indecisiveness, Increases By 10% In A Week

This week saw XRP through another impressive gain after experiencing a slight pullback in the past week. It has formed a short-term bullish pattern on the daily and now looks ready for a big move. After retracing to the low of $0.47 two weeks ago, XRP established support there and started to increase until the price reached the high of $0.5866. It encountered resistance and pulled back slightly for three days. The asset advances rally this week as it just climbed briefly above the important $0.6 level amid the latest indecisiveness in Bitcoin’s price – it appeared to have entered an accumulation phase for the next leg up. XRP may continue to rally upward if Bitcoin remains indecisive for a while. Meanwhile, the ongoing rally is still looking slow on the daily. We can expect a bigger price movement as […]

Will Izuchukwu November 3, 2023

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Market Analysis

RIPPLE PRICE ANALYSIS & PREDICTION (October 20) – XRP Taps Daily 7% Gains In The Middle Of Consolidation, Incoming Breakout?

While XRP remained neutral-bearish on the daily chart, it has managed to reclaim $0.5 in the latest surge and stayed calm above it. However, it currently looks trapped as it struggles to find a solid break out. XRP has not seen a significant movement since it saw a sudden rejection at $0.422 in August. Instead, it entered a consolidation phase and subjected the trend to a sideways movement ever since.  Meanwhile, it has reacted positively to the latest increase across the market as it has seen substantial gains in the past 24 hours. But things are not looking good for the asset as the price remains stalled under the $0.553 level that served as a solid resistance for some weeks now. A notable increase above this solid resistance could activate an upward rally from a short-term perspective. But looking at […]

Michael Fasogbon October 21, 2023

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