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The total value locked (TVL) in on the XRP Ledger’s recently launched automated market makr (AMMs) has surpassed 7 million $XRP, according to data from DeFi analytics platform DeXfi. The figure represents a significant increase in just a few weeks,as noted by dUNL validator Vet, who co-founded the non-fungible token (NFT) marketplace xrpcafe on the

XRP Ledger’s Decentralized Exchange Sees Total Value Locked Soar Over 7.5 Million $XRP

The XRP price has seen some level of recovery over the last two days that has seen positive sentiment returning to the latocin once again. This has carried forward with the expectation that the price will continue to surge. One crypto analyst in particular, who goes by RLinda, has revealed why the cryptocurrency is set to surge 70%. XRP Price Completes A False Breakdown In the analysis that was posted on the TradingView website, crypto analyst RLinda outlined a number of reasons why the XRP price may be getting ready for a surge. One of these reasons is the fact that the altcoin has completed a false breakdown. Related Reading: Ethereum Resurgence: TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree This is referring to the price crash that sent the price falling from $0.7 to $0.42, recording an almost 50% crash. However, the crypto analyst believes that this crash was bullish for the coin as it was basically a false breakdown, followed by a breakout. In scenarios such as this, the XRP price could be headed for a breakout similar to the breakdown and eventual recovery between August and November 2023. Such a case could see the price rise 50% with a higher end of 70%. Source: Tradingview.com Additionally, the XRP price has also been in long term consolidation, another factor that could contribute to this breakout. “XRPUSDT is forming a technical false break of support, in the long term consolidation above the zone should be formed with the purpose of continuation of growth, the potential of which can be opened by 50-70%,” the analyst stated. The State Of XRP XRP has already seen investors returning once it was clear the worst of the crash. Crypto whales, in particular, have been making their bets, moving 600 million XRP tokens. As NewsBTC reported, whales holding between 10 million and 100 million XRP increased their holdings by 30 million in just one week. But even more interesting is the fact that they have moved up to 600 million tokens in the space of two weeks. Related Reading: Ripple Vs. SEC Update: Is The Lawsuit Finally Coming To An End With A Settlement? These moves come ahead of crypto analysts prediction major upside for the cryptocurrency. One of those is crypto analyst Egrag Crypto who predicted that the XRP price is ready to spike as high as $1.4. This would mean an over 100% increase in price. However, XRP has not exactly been the market favorite in recent times. Its daily trading volume has seen a notable decline, with Coinmarketcap reporting a 20% drop to $1.33 billion in the last day. Nevertheless, the altcoin remains the 7th-largest in the space, with a market cap of $30.3 billion. XRP struggles above $0.5 | Source: XRPUSDT on Tradingview.com Featured image from Coinpedia, chart from Tradingview.com

XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End

As XRP prices rose higher in the past few days, the Open Interest also slowly ticked higher to reflect bullish short-term sentiment.

XRP’s recovery push: 18% hike, but here’s how far $1 is really

Ripple’s Chief Technology Officer (CTO), David Schwartz, touched on the liquidity dynamics between Ripple shares and XRP during their discussions about Ripple’s potential initial public offering (IPO), igniting curiosity among enthusiasts. Schwartz brought up his conviction regarding the higher liquidity of the XRP coin as compared to privately held shares of companies, which is usually The post Ripple CTO David Schwartz Highlights Liquidity Issues in Ripple Shares appeared first on CoinGape .

Ripple CTO David Schwartz Highlights Liquidity Issues in Ripple Shares

Pro-XRP Lawyer Bill Morgan’s recent statement disagreed with Judge Torres’ interpretation of ODL transactions, garnering noteworthy attention amidst the ongoing legal tussle between Ripple and the U.S. SEC. Today, April 24, Morgan emphasized that Judge Torres’ understanding of ODL underscores a perceived lack of knowledge regarding the unique purpose and function of ODL within the broader The post Pro-XRP Lawyer Slams Judge Torres’ Interpretation Of ODL Sales appeared first on CoinGape .

Pro-XRP Lawyer Slams Judge Torres’ Interpretation Of ODL Sales

Egrag Crypto sees potential high gains for VeChain and XRP. VeChain could rise to $2.5, following a three-stage roadmap. Continue Reading: Crypto Analyst Predicts Significant Price Increases for VeChain and XRP

Crypto Analyst Predicts Significant Price Increases for VeChain and XRP

Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.

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