Market
XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20
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The XRP price is in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20.
XRP Long To Short Term Price Prediction
According to a crypto analyst identified as ‘XRP Meesku’ on X (formerly Twitter), the XRP price is gearing up to skyrocket to a new long-term ATH target of $20. The analyst’s bullish outlook for the token stems from its innovative potential, as advanced developments and technological advancements tend to drive price surges in a cryptocurrency.
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Notably, the analyst revealed that there has been ongoing speculation that XRP could be pivotal in national banking. He highlighted that many discussions have arisen suggesting that the altcoin could be used as a potential base layer for the United States (US) banking system. If this happens, it could fuel significant growth and adoption for XRP, potentially positioning it as a “global asset that is gaining traction.” Moreover, it could trigger a price increase of $20 ATH for the altcoin.
In the mid-term time frame, XRP Meeksu predicts that the altcoin could potentially hit $8 first before attempting to break past its cycle top. He reveals that his optimistic outlook for XRP was influenced by factors such as new financial products like futures and the ongoing legal challenges with the US Securities and Exchange Commission (SEC). Based on his analysis, the crypto expert suggests that resolving these issues could spark a price rally.
Finally, the analyst shared a short-term price forecast for XRP, highlighting that altcoin is expected to experience significant volatility, leading to price fluctuations. Due to its sharp growth potential, he predicts a surge to $3.6 or higher was possible. Moreover, the X market expert mentioned the increase in significant liquidation trends, underscoring that traders may take a long position after being forced to close due to market fluctuations.
Bullish Factors Driving The Price Surge
While the XRP Meeksu shares his long- to short-term bullish prediction for the XRP price, the analyst also outlines several bullish activities that could drive a potential surge in the cryptocurrency. According to the crypto expert, the XRP market has seen a lot of activity lately, with the price stabilizing despite spikes in whale activity.
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Looking at the asset’s past performances, the analyst mentions a notable transfer of $62 million to various crypto exchanges — a movement that could potentially be seen as a sell signal for strategic whale repositioning. Moreover, the CME Group has hinted at launching XRP futures, paving the way for institutional adoption and engagement in the cryptocurrency.
Furthermore, the analyst delved deeper into the lawsuit between Ripple and the SEC, highlighting discussions about potential settlements and the conclusion of the almost four-year legal battle. Despite the lawsuit drama, the crypto expert disclosed that XRP’s overall sentiment remains bullish as analysts project more growth in the future.
He revealed that XRP is showing signs of a price recovery and could soon hit new ATHs. Moreover, its community remains vibrant and active, sharing updates about ongoing scam threats, key events, and more.
Featured image from Adobe Stock, chart from Tradingview.com
Market
ADA Charts Turn Bearish – Technical Indicators Signal More Pain Ahead
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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.
My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.
I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.
When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.
Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.
My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.
Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.
One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.
I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.
I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.
I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.
Market
How to Claim Free Tokens
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Crypto airdrop farmers have five confirmed valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors.
Hub.xyz, OG Labs, Sentient, Monad, and Succint make for the top five crypto airdrops for the last week of February.
Hub.xyz
Decentralized Web3 social platform Hub.xyz confirmed its crypto airdrop, focusing on community engagement through AI training. The platform connects creators with brands through AI-powered solutions, leveraging artificial intelligence to analyze audience interactions and content trends.
The airdrop rewards users for active participation in training the platform’s AI agents through social interactions on X (Twitter). Participants earn IQ Points based on the quality and intelligence of their contributions, which can later be converted into HUB tokens during the Token Generation Event (TGE).
The campaign entails direct participation rewards and a referral program. Users maximize their potential earnings when they invite others to join the platform.
“[Tips to maximize rewards include] providing thoughtful and intelligent responses when interacting with AI agents and engaging regularly with Hub.xyz’s content on X. Also, focus on quality over quantity in your interactions, reach the minimum level requirement (Level 4), and share your referral link with others to earn additional rewards. Accumulate at least 3,100 IQ points,” airdrops.io reported, citing Hub.xyz.
OG Labs
Crypto airdrop farmers can also interact with OG Labs (OG Network), a modular AI chain combining Layer 1 (L1) blockchain technology with decentralized AI capabilities. The project confirmed its airdrop following $325 million in funds raised from notable investors, including Hack VC, Animoca Brands, Delphi Ventures, OKX Ventures, and Samsung NEXT.
Based on this, the OG Network team allocated $88 million for their Ecosystem Growth Program. It includes various community initiatives and potential rewards for early participants. The exact airdrop structure remains unannounced, but the project has launched multiple testnet activities and community engagement programs.
Farmers can now participate in testnet activities and various tasks that may contribute to future airdrop eligibility. The team emphasizes active participation in the ecosystem’s development through testing and community engagement.
Sentient
Blockchain service Sentient is also on the list of top crypto airdrops for the last week of February. The project raises $85 million in a three-tier fundraiser co-led by industry titans like Pantera Capital, Framework Ventures, and Founders Fund.
Sentient added the opportunity to interact with Dobby, an AI model developed by Sentient Foundation for NFT Holders. With it, users can communicate with the AI and rate the answers. This is one of the first activities to start testing the Sentient product. It also updated Dobby to V2.
Further, Sentient is collaborating with Fraction AI, introducing a space where users can join, earn fractals, and keep farming the Fraction AI airdrop.
“Fraction AI has teamed up with Sentient to launch a new space where you can join and earn fractals! By completing this update, you will be using Sentient’s Dobby-mini while farming the Fraction AI airdrop. Plus—a $5K reward pool is also up for grabs,” sector researcher Airdrop Adventure reported.
Monad
Monad, which raised $244 million with DragonFly Capital and Paradigm co-leading the fundraiser, has joined the list of top crypto airdrops this week. The project launched the testnet on February 19, and users have already requested test tokens.
“Monad testnet is live,” the project revealed recently.
The project rewards participation, with Discord roles reflecting user time in the community and their contribution style.
“If you have a “Full Access” role in the Monad Discord, you will receive 5 MON. If you hold at least 0.01 ETH on the Ethereum Mainnet and have made an outgoing transaction, you will receive 2 MON. All others will receive 0.05 MON,” Cryptorank reported, citing Monad.
Succinct
The top crypto airdrop to watch this week is Succint, a blockchain infrastructure project that raised $55 million from Paradigm, Robot Ventures, and Bankless Ventures, among others.
Succinct also launched its testnet, which is quite difficult to participate in because of the limited number of testers. Only 20,000 users have access to the testnet for now, but new spots will come up over time.
“The Succinct Prover Network Testnet is LIVE. Generate proofs, earn stars,” Succinct said.
Participants need to play all available games and earn stars in return. These stars can be claimed on the stars tab, and users can track their progress on the leaderboard.
Notably, the Succint team will attend the ETH Denver this week and has committed to “secret special sessions” with crypto and blockchain sleuths.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Bitcoin Price Breakout Dreams Crushed Again—What’s Next?
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Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone.
- Bitcoin started a fresh decline from the $99,500 zone.
- The price is trading below $97,500 and the 100 hourly Simple moving average.
- There is a connecting bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase if it stays above the $95,000 zone.
Bitcoin Price Dips Again
Bitcoin price formed a base above the $95,500 level and started a recovery wave. BTC was able to surpass the $97,000 and $98,500 resistance levels.
The price even cleared the $99,000 resistance level. However, the bears remained active below the $100,000 level. A high was formed at $99,481 and the price started a fresh decline. There was a move below the $98,000 and $96,000 levels.
A low was formed at $94,888 and the price is now recovering. There was a move above the $95,500 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $99,481 swing high to the $94,881 low.
Bitcoin price is now trading below $97,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $96,500 level. There is also a connecting bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair.
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The first key resistance is near the $97,200 level or the 50% Fib retracement level of the downward move from the $99,481 swing high to the $94,881 low. The next key resistance could be $97,750. A close above the $97,750 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $99,500 level or even $100,000.
Another Decline In BTC?
If Bitcoin fails to rise above the $97,200 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $95,500 level. The first major support is near the $95,000 level.
The next support is now near the $94,200 zone. Any more losses might send the price toward the $93,500 support in the near term. The main support sits at $92,400.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $95,500, followed by $95,000.
Major Resistance Levels – $96,500 and $97,200.
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