Ripple (XRP) Unshackled, At This Rate, 80 Cents Is Inevitable

Dalmas Ngetich

1 year ago

2 mins read

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Ripple (XRP) surge, up 36.1 percent
Börse Stuttgart lists Ripple and Litecoin ETNs

Volatility is back, and Ripple (XRP) bulls are in the driving seat. It may be because of Börse Stuttgart listing Ripple (XRP) and Litecoin (LTC) ETNs. However, what is evident is that behind today’s rally is interest thanks to a spike in participation levels. At this rate, it is likely that Ripple (XRP) will close above 40 cents as bulls aim at 80 cents.

Ripple Price Analysis

Fundamentals

After five months of consolidation, Ripple (XRP) bulls are back—and with force. Trailing Bitcoin (BTC), XRP is the second top performing asset in the top-10, adding a massive 36.1 percent in the last week. However, the increasing volatility is timely for traders because it appears that Bitcoin—and most assets, are slowing down after six weeks of enormous gains. Behind today’s price spike is first, XRP changing hands cheaply. While Bitcoin and ETH are up upwards of 70 percent, XRP has been stable, tepid and ranging within 4 cents.

Additionally, the listing of Ripple (XRP) ETNs at Börse Stuttgart, the second largest regulated exchange in Germany and the ninth largest in Europe is noteworthy. Here’s what Jürgen Dietrich, Head of Trading at the exchange said:

“Interest in cryptocurrencies is still high. With the ETNs, investors in Germany can now for the first time through exchange-traded securities share in the performance of the major cryptocurrencies Litecoin and Ripple (XRP).”

However, there is more. There is a likelihood that the increasing tension between the US and China could see Wall Street sink channel funds to Ripple (XRP). The IMF has lauded the platform. Besides, Ripple Inc says they have a direct connection with the Trump administration, and they keep striking deals with banks.

Candlestick Arrangements

Price wise, Ripple (XRP) is up 25.7 percent in 24 hours, and because of that, bulls are back.

Not only is there is wide-ranging bull bar confirming buyers of Apr-26, but prices are trading above 34 cents complete with above average volumes meaning our XRP/USD trade plans are valid.

In that case, every dip, or retest of 34 cents, is but another buying opportunity with ideal targets at 40 cents, 60 cents and 80 cents as per our iterations.

Technical Indicators

From the chart, all our trade conditions are now correct. With today’s bar driving prices above 34 cents, triggering the first lot of XRP bulls complete with high volumes exceeding averages, bulls are in control and should load up on dips with targets as above.

Chart courtesy of Trading View

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.