XRP Above $2? Why DeFi Integration Could Be Game Changer

2021-4-14 23:03

With the biggest gains in the crypto top 10 by market cap, XRP trades at $1.88 recording a 35.9% rally over the past day. In the weekly and monthly chart, XRP is up 107% and 307% respectively.

XRP on a bullish trajectory in the 24-hour chart. Source: XRPUSDT Tradingview

Operator Altstreet Bets has shared the chart below to indicate XRP’s price could go to $3 “without resistance”. The trader has set support at $1.10 and $1.72 and believes XRP could target $8.49 in the long term.

Source: Altstreet Bets

Many factors are contributing to XRP’s recent performance. The high interest of investors in South Korea, buying the token for a premium, and new uses case for XRP.

In the legal corner, operator King Solomon has been bullish over the recent developments in the Securities and Exchange Commission versus Ripple Labs, and executives Brad Garlinghouse and Chris Larsen lawsuit.

Filed for the alleged sale of an unregistered security, things seem to be going in favor of the payment company.

Researcher Leonidas Hadjiloizou has shown the position of international institutions on XRP. The Bank of International Settlements, in a report, said XRP is “definitely not a security”. Hadjiloizou said:

Would Jay Clayton push for a lawsuit against Ripple as he was walking out the door if he believed the SEC would take action anyway after he left? I believe he wouldn’t. This is one of the reasons I believe this lawsuit is unwanted by the SEC and will settle it if it can save face

Although the legal dispute could be far from over, the sentiment over the result is bullish on the crypto market. King Solomon said:

Moreover, the case seems to reveal that former SEC leaders put their personal gain above the well-being of the nation. When the agency repeatedly claims in filings and hearings that “the SEC is not on trial here”, it is almost certain that the opposite is true.

XRP uses cases expand to DeFi

Interoperable solution Wanchain has announced XRP will be integrated into its platform alongside Ethereum, Bitcoin, EOS, and others. Leveraging “Wanchain’s Universal Multichain Bridges”, users will be able to trade cross-chain enable XRP Tokens.

As of now, XRP holders can start earning with Wanchain DeFi protocols like WanSwap, the platform’s native decentralized exchange. Wanchain’s team said in an official post:

XRP holders can now securely use their XRP to farm, mine and provide liquidity rather than simply leaving their tokens, inactive, in wallets and exchanges. XRP tokens can now, finally, engage with DeFi applications and reach their full potential.

Wanchain users will have at their disposal a native wallet and a Wanbridge website where they can send and receive XRP cross-chain.

In order to achieve this, the platform “converts” the token on the XRP Ledger and, in the case of Ethereum, mints an ERC-20 token called wanXRP.  All transactions using Wanchain are free.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5207 (+1.04%)
Объем 24H $1.125b
Изменеия 24h: 0.33 %, 7d: 0.55 %
Cегодня L: $0.5141 - H: $0.5212
Капитализация $28.787b Rank 7
Цена в час новости $ 1.8071 (-71.19%)

xrp could chart respectively altstreet operator monthly

Источник: newsbtc.com

xrp could → Результатов: 126


Фото:

David Schwartz: Ripple Is Working On ‘Very Exciting’ Features That Could Allow Creation Of Stablecoins On the XRP Ledger

A number of changes on the XRP ledger could be looming, including one that could allow the creation of tokens backed by some assets. Ripple’s Chief Technology Officer, David Schwartz, recently revealed that they are working on “very exciting” features to improve the XRP ledger in terms of functionality, subsequently expanding XRP’s use cases. Stablecoins […]

2020-2-29 22:57


XRP To Hit $300 In Less Than 9 Months If 2019 Goes The 2017 Way

Someone just made one heck of a wild twitter post that’s now blowing up the internet. It’s The Crypto Dog, and he’s talking about the XRP price in 2019. According to the particular tweet, The Crypto Dog opines that XRP could hit the price as high as $300 in the next 9 months, but there’s […] The post XRP To Hit $300 In Less Than 9 Months If 2019 Goes The 2017 Way appeared first on ZyCrypto.

2019-4-10 10:00


New SharesPost Report On The XRP Company: ‘Could A Ripple IPO Be An Attractive Investment?’

Could A Ripple IPO Be An Attractive Investment? A cryptocurrency exchange that trades in Ripple equity has released a recent report related to the viability of an IPO and how successful it could be. Researchers believe that it could be difficult for Ripple to be competitive in this market, but its technology could be adopted […]

2019-4-8 22:24


Are XRP Holders, Holding the Future Global Currency?

Did you know it’s often highlighted that the early emerging companies that receive the most backlash are also some of the projects that tend to go on to change how the world operates? Could we be seeing this again with Ripple & XRP? They say history doesn’t repeat itself but it often rhymes! So what […] The post Are XRP Holders, Holding the Future Global Currency? appeared first on ZyCrypto.

2019-4-2 10:38


This Week in Crypto: XLM now Fully Available on Coinbase, ADA Records Impressive Growth, Report Suggests That Almost 90% Of Exchange’s Volume Could Be Manipulated, XRP en route to Massive Adoption and more

The following is a summarized collection of the most interesting crypto news stories in the week. The week was quite adventurous with many new developments and no single project dominating the happenings in the industry.

2019-3-24 16:47


Фото:

Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts?

The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1. 27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem.