XRP Starts it’s RALLY (UNSTOPPABLE Against Bitcoin)
Xrp is rallying, and good news just keeps on coming for ripple. All this is making crypto analysts and traders very bullish on xrp, so bullish. In fact, some in the mainstream news outlets are already calling for a 300 pump in the coming weeks.
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If you like money and crypto, then make sure to hit that subscribe button in this video, we look at the latest news and rumors surrounding xrp ripple has gotten some major help from lithosphere a fellow proof of stake project in the cryptoverse that launched its ido this Week, the seattle washington-based company donated a whopping 5 million dollars to the ripple defense fund to help in their fight against the sec.
The creators of lithosphere college labs stated in a press release, ripple labs, created a network that provided fast low cost value transfer in the form of xrp cryptocurrency. The xrp cryptocurrency paved the way for innovation such as lithosphere lithosphere is another cross-chain blockchain, but what makes it different is that lithosphere is focused on ai and deep learning.
It's great, to see the crypto versus closed ranks and protect their own from centralized powers, but not all centralization is bad. Just look at the bit squad. It's. Your one stop location for the latest and greatest in crypto news, opinions and memes smash that, like button and subscribe to the channel stay in the know, might even win five ethereum, but the sec case against xrp was back in the news cycle as the sec surprised.
Everyone and demanded that ripple handed over terabytes worth of slack messages to the sec, jorge tenrero, one of the sec's. Lawyers on the case filed the petition for the court to force ripple employees to hand over the data.
The sec stated, the relatively few slack documents ripple has produced so far demonstrate that the missing documents are necessary for the sec to build a complete and accurate record for summary judgment and trial.
At this point, it's, pretty obvious that the sec is desperate for anything that can put them ahead of ripple. Asking for giant piles of sensitive and private communications from nearly everyone at ripple is not just an overreach, but not a good precedent for future crypto litigation.
Gary ginzor is terrified that he's, going to be embarrassed with a loss for the first time pursuing a crypto company of this size. We know gary is a hack and it seems that the crypto verse is starting to shrug their shoulders more and more at anything, sec related that's, especially true.
When you look at how this bit of news affected. Xrp's price. More on that, in a moment, xrpl had a surprise tweet the other day when it announced a new partnership with south korean remittance firm global money express the partnership through sbi ripple asia will facilitate remittances between the world's 10th largest economy, south korea And the explosive economic growth seen in thailand, the apac region has seen fantastic growth this year with xrp transactions growing more than 130 percent year-over-year and it's, not just the low-cost transactions.
It's, the speed that has really made xrp the go-to solution for remittances. That's, always been the main driver of a technology being adopted. Speed the faster technology can make people do things faster.
It gets adopted just look at cell phones, debit cards search engines, you name it, but ripple net is showing its value in southeast asia. With the transparency it brings to finance subhash chandra poodle director and ceo at global money.
Express company limited commented on the new ripple net deal since launching our partnership. Our team has benefited from the robustness of ripple net where transactions are tracked at every step of the process, making it easy to send money across borders with speed and transparency that's, bullish to the max.
There are over a hundred and eighty four thousand thai nationals working in south korea this year and they are all getting to be very bullish on crypto too, but it's, not just high speed remittances. That ripple is touting not at all the white hot nft market is about to have an xrp army descend on it.
As soon as ripple's. Cto david schwartz talked about xrp ledger's, ability to make the nft marketplace far more scalable than it is now. Nfts have been the biggest driver of gas fees on ethereum over the past few weeks.
They showed no signs of slowing down, but while everyone wants an nft or 10 of their own, they don't like paying the gas fees for the privilege that's, where david schwartz thinks xrpl can make a big difference.
He sees xrpl being used as the currency of choice that could streamline the creation and sales of nfts. Not only would it be cheaper and faster, but the fees using xrpl would be consistent, a marked change from the highly congested ethereum network as it stands.
Well, i've, been bullish on xrp for a while. Now, journalists across the cryptoverse are finally catching on to xrp's upside potential akash giramath over at fx street, even called for xrp to rally 300 this bull cycle 300.
That's, cute bitcoin rebooted, its bowl cycle started in mid-july, just like i said it has continued its up into the right movement ever since, in fact, its price has rallied over 59 percent since it broke the 200-day sma.
The movement is steady and consistent with leg ups, followed by healthy, retracements and consolidations. All of this bitcoin movement has sent xrp into mega bullish territory. Price of xrp has climbed by 63 percent over the same time period as bitcoin's run-up and it's, not showing any signs of a slowdown, not even with all the sec fud going on.
Even the sworn enemy of xrp cointelli can't deny the buying pressure on xrp. If you look at the charts, you'll, see that the bulls have been buying xrp in chunks. Just this week. Buying volume hit its highest point since late may whales buying.
You know what that means time to watch the whales. Xrp has a few key resistances that it needs to break so keep your eyes and time your buys accordingly. If you're looking to scoop up any more xrp, also keep in mind that crypto, scammer and overall bag, jed mccaleb is still selling his xrp in big chunks because of their settlement between ripple and mccaleb.
Remember ripple fired jet because he's, a scammy i don't know if that's. True, i think he just didn't like xrp, but ripple transferred 182 million xrp to jet's. Wallet on august 1st and he's, been selling it off in chunks.
Ever since the sooner jet gets away from xrp the better and the flooding of the market. With jed's, xrp is going to make its gains tricky to track until he finally sells his last xrp coin. But even with all these headwinds xrp has already smashed a huge resistance at 77 cents.
It's, getting ready to test a dollar. Nine is of the recording this video. If it flips a dollar nine into support, then it's off to the races. Some analysts are calling for a three dollar xrp this cycle.
I think that's lame. My prediction for xrp is still holding between 10 and 12 dollars and that's, even if the sec case is ongoing. If the case with xrp goes away, either with the sec giving up or just giving ripple a slap on the wrist, we could be looking at truly parabolic prices or xrp that can see double digits per coin.
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