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XRP breakout might happen in two days: Key pattern to watch$XPR XRP's price chart reveals an interesting setup, as the asset is trading hands within a descending price channel, suggesting a potential breakout on the horizon. Following a parabolic rise, the asset is in a consolidation phase, with its price maintaining higher lows and demonstrating resilience close to the $2.30 support level, which indicates bullish momentum. The consistent trading volume and a relative strength index hovering around overbought levels further affirm XRP's fundamental strength despite recent declines. The upper boundary of the descending channel, currently at $2.50, is a critical level to monitor, as a decisive break above it could propel XRP back to previous highs. If XRP fails to break out, there could be another chance for accumulation should a retest of the lower support level near $2 or the 26 EMA occur. If a breakout takes place, the next target might be $2.80, and then the psychological barrier at $3. As XRP approaches the peak of the descending channel, the next 48 hours will be critical. A resolution of the current pattern is likely to lead to a continuation of the trend, especially if trading volume stays strong. Related Ripples Stablecoin Stuns Major US Exchanges as XRP Community Awaits Launch MicroStrategy has 90% chance of being added to Nasdaq 100 According to estimates from Polymarket bettors, the likelihood of MicroStrategy being added to the Nasdaq 100 index is currently at 90%. In addition to MicroStrategy, it is anticipated that Axon Enterprise, a safety technology firm, and Palantir Technologies, a data analytics platform, will also be included in the Nasdaq 100 index. Conversely, information technology company Super Micro Computer (SMCI) and Massachusetts-based biotechnology company Moderna are on track to be removed from the index. MicroStrategy's stock has surged by 500% year-to-date, with its market capitalization exceeding $100 billion. The company recently made another massive Bitcoin purchase of $2.1 billion; now MicroStrategy's BTC holdings stand at $42 billion. A decision regarding MicroStrategy's inclusion in the Nasdaq 100 index is anticipated today, Dec. 13. Bitcoin miners' revenue hit $71 billion in epic milestone As reported by Glassnode, on Dec. 5, Bitcoin miners earned a cumulative $71.49 billion, achieving a major milestone. The same day, Bitcoin's price surpassed the $100,000 mark for the first time, with its market cap briefly exceeding $2 trillion. The total earnings for miners for processing transactions and protecting the network include $67.31 billion from block subsidies and $4.18 billion from transaction fees. So far, a total of 19,791,952 BTC have been mined, representing 94.2% of the total 21 million supply cap. Since the Genesis Block, 873,304 blocks have been mined, with an average block time of 11.8 minutes. Additionally, Bitcoin has experienced remarkable transaction growth, processing over 1.12 billion transactions (unfiltered) and facilitating a total transfer volume of $131 trillion since its inception Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain

XRP breakout might happen in two days: Key pattern to watch$XPR XRP's price chart reveals an interesting setup, as the asset is trading hands within a descending price channel, suggesting a potential breakout on the horizon. Following a parabolic rise, the asset is in a consolidation phase, with its price maintaining higher lows and demonstrating resilience close to the $2.30 support level, which indicates bullish momentum. The consistent trading volume and a relative strength index hovering around overbought levels further affirm XRP's fundamental strength despite recent declines. The upper boundary of the descending channel, currently at $2.50, is a critical level to monitor, as a decisive break above it could propel XRP back to previous highs. If XRP fails to break out, there could be another chance for accumulation should a retest of the lower support level near $2 or the 26 EMA occur. If a breakout takes place, the next target might be $2.80, and then the psychological barrier at $3. As XRP approaches the peak of the descending channel, the next 48 hours will be critical. A resolution of the current pattern is likely to lead to a continuation of the trend, especially if trading volume stays strong. Related Ripples Stablecoin Stuns Major US Exchanges as XRP Community Awaits Launch MicroStrategy has 90% chance of being added to Nasdaq 100 According to estimates from Polymarket bettors, the likelihood of MicroStrategy being added to the Nasdaq 100 index is currently at 90%. In addition to MicroStrategy, it is anticipated that Axon Enterprise, a safety technology firm, and Palantir Technologies, a data analytics platform, will also be included in the Nasdaq 100 index. Conversely, information technology company Super Micro Computer (SMCI) and Massachusetts-based biotechnology company Moderna are on track to be removed from the index. MicroStrategy's stock has surged by 500% year-to-date, with its market capitalization exceeding $100 billion. The company recently made another massive Bitcoin purchase of $2.1 billion; now MicroStrategy's BTC holdings stand at $42 billion. A decision regarding MicroStrategy's inclusion in the Nasdaq 100 index is anticipated today, Dec. 13. Bitcoin miners' revenue hit $71 billion in epic milestone As reported by Glassnode, on Dec. 5, Bitcoin miners earned a cumulative $71.49 billion, achieving a major milestone. The same day, Bitcoin's price surpassed the $100,000 mark for the first time, with its market cap briefly exceeding $2 trillion. The total earnings for miners for processing transactions and protecting the network include $67.31 billion from block subsidies and $4.18 billion from transaction fees. So far, a total of 19,791,952 BTC have been mined, representing 94.2% of the total 21 million supply cap. Since the Genesis Block, 873,304 blocks have been mined, with an average block time of 11.8 minutes. Additionally, Bitcoin has experienced remarkable transaction growth, processing over 1.12 billion transactions (unfiltered) and facilitating a total transfer volume of $131 trillion since its inception Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain

Crypto Today: XRP, BNB advance as Blackrock records 16-day Ethereum buying spree Cryptos | 12/13/2024 22:40:00 GMT $XPR The cryptocurrency sector valuation grazed the $3.6 trillion mark on Thursday, recording $252 billion worth of inflows since the market crash halted on Tuesday. In the last 24 hours, 85,893 traders were liquidated with the total liquidations coming in at $204.96 million. Blackrock's Ethereum ETF set a new record of 16 consecutive days of net-inflows. Altcoin market updates: XRP, BNB advance as traders bet on third consecutive Fed rate cut As the geopolitical crisis surrounding the fall of the Assad regime in Syria tapered off this week, dovish figures on the latest US CPI data raised investor optimism across the crypto market. Bitcoin price held firm above the $100,000 level, Ripple (XRP) cleared the $2.40 resistance, while resurgent trading activity saw Binance Coin (BNB) break past the $725 level on Friday. Binance Coin (BNB) price surged 2.5% on Friday to emerge best performer among the top-10 crypto assets. Binance Coin (BNB) price action, December 13, 2024. BNB’s price surge on Friday saw it break above the $725 resistance level for the first time in five days, signalling that trading activity with the retail dominated markets on Binance is now recovering after the abrupt downtrend earlier in the week. Ripple (XRP) price also rebounded 2% to reclaim the $2.40 mark on Friday. With the newly approved RLUSD stablecoin set to boost ecosystem liquidity and network demand, XRP price appears primed for another attempt at breaching the $3 territory, having topped out at the $2.91 level during last week’s rally. Chart of the day: BlackRock's Ethereum ETF records $1.5 billion of inflows in under a month Since Donald Trump nominated crypto-friendly Paul Atkins as Gary Gensler’s replacement in late November, US-based corporate investors have ramped up demand for Ethereum ETFs. On Thursday, BlackRock’s iShares Ethereum Trust (ETHA) set a new record of 16 consecutive days of net inflows. BlackRock’s iShares Ethereum Trust (ETHA) Net Inflows | Source: SosoValue According to the SosoValue chart above, there were $200 million of inflows recorded on Thursday, bringing its total haul since November 20 to $1.5 billion. Prior to this buying streak, Blackrock’s Ethereum ETFs had only recorded $1.7 billion since its launch in July. The $3.6 billion fund has now positioned itself as a leader in the Ethereum ETF market, capitalizing on a recent wave of post-election investor momentum. While Bitcoin has consistently dominated Wall Street’s interest through its spot ETFs launched earlier this year, Ethereum’s products are now catching up, suggesting growing institutional expectation of fairer regulation of altcoins by the incoming Paul Atkins-led SEC regime. Crypto news updates: NASDAQ-100 Inclusion Could Propel MicroStrategy's Stock and Visibility NASDAQ is set to announce its annual NASDAQ-100 reconstitution today with MicroStrategy emerging as a potential addition. This inclusion hinges on its classification as a technology company since the index excludes financial firms. Despite MicroStrategy's valuation being largely tied to its Bitcoin holdings, its status as a software company strengthens its eligibility for inclusion. If added, ETFs tracking the NASDAQ-100, such as the iShares QQQ Trust, would be required to buy MicroStrategy shares, potentially leading to a significant increase in demand. Bloomberg analyst, James Seyffart estimates initial ETF-driven net share purchases of $2.1 billion, which could boost the company's stock price and visibility. MicroStrategy shares have already risen 2.5% in anticipation, trading above $400. BiT Global Takes Legal Action Against Coinbase Over wBTC Delisting BiT Global has filed a lawsuit against Coinbase, alleging the exchange unfairly delisted Wrapped Bitcoin (wBTC) to promote its in-house product, Coinbase Wrapped Bitcoin (cbBTC). The suit accuses Coinbase of using antitrust practices to dominate the wrapped Bitcoin market while citing misleading claims about wBTC’s compliance with listing standards. This comes as Coinbase recently listed meme coins such as PEPE, WIF and MOG, contradicting its rationale for removing wBTC. The complaint highlights that Coinbase’s decision to delist wBTC in favor of less conventional assets demonstrates market manipulation. BiT Global asserts that this move was designed to eliminate competition for cbBTC. The lawsuit demands over $1 billion in damages and calls for injunctive relief to protect the wrapped Bitcoin ecosystem from further harm. CHILLGUY Creator's Account Allegedly Hacked Amid Controversial IP Announcement Philip Banks, creator of CHILLGUY, is at the center of speculation after a tweet from his account announced granting intellectual property (IP) rights to the CHILLGUY token team. The unexpected post caused a 30% spike in the token’s value, which later plummeted as rumors of a compromised account spread. Compounding suspicions, Banks’ account was linked to launching a meme coin featuring another character, Philb, on Pump.fun, which surged to a $1 million market cap before collapsing. This prompted the CHILLGUY official X account to issue a warning, urging followers to practice caution and avoid unverified solicitations. The announcement also contradicts Banks’ previous intent to take down unauthorized uses of CHILLGUY, further fueling concerns. While the token initially saw gains, its association with potential account hacking and phishing scams has clouded the situation, leaving investors uncertain.

Ripple XRP is one of the leading cryptocurrencies in the financial industry. Although the coin does not aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple's success. XRP is not just a cryptocurrency. Ripple was designed as a full-fledged payment infrastructure that can potentially replace SWIFT. This article analyzes the reasons for the coin's growth and decline, future developments of the Ripple network, and analysts' forecasts regarding XRP's possible minimum and maximum prices. Is XRP a good investment? What levels can XRP reach in the future? What Is Ripple Crypto? XRP Overview Ripple is a cryptocurrency company that has developed the RippleNet payment protocol, which can be compared to a payment system, a network for money transfers, or a fiat currencies exchange service. The Ripple protocol consensus algorithm works with digital assets, fiat money, and commodities.  RippleNet is a payment platform based on the XRP Ledger distributed ledger database. The RippleNet Cloud service is used to process RippleNet client payments through a single integration and Ripple Payment Object, a simplified version of a standard transaction on the Ripple network. This allows companies to scale with fewer problems while achieving greater standardization. Notably, the XRP Ledger has open-source code and is based on a ledger database rather than a blockchain. XRP or Ripple is the internal currency of the protocol that runs on RippleNet. Financial institutions use it for fast transactions with low fees. Ripple peaked at $2.46 on 2018-01-09. The current XPR price for 02.12.2024 is $2.26320. price prediction$XRP Price range in 2024: $0.6853 – $0.7924 (as of August 22, 2024). Changelly's XRP forecast is bullish. The asset will trade in a narrow range of $0.6853 – $0.7924 with an annual average of $0.7063. The low levels of volatility is one of the main factors that make investors confident in the asset’s future. Year Minimum, $ Average, $ Maximum, $ 2024 0.6853 0.7063 0.7924