XRP Volume Surges Ahead of Ripple’s NYC Celebration Event – Here’s the Next Price Target

2023-9-30 01:03

There has been a notable surge in the trading volume of XRP just in time for Ripple’s upcoming “The Proper Party” event in New York City, according to Tara, famous X (Twitter) Analyst. XRP saw its trading volume spike to reach over $2.3 billion on September 28, its highest level since May. This has allowed XRP to hold steady around the $.53 level.

If XRP can maintain its trading volume and continue holding support around the $.53 level, analysts say it could be poised to hit the next price target of $.587. The surge in activity indicates growing momentum that could allow XRP to push toward $.587, if current levels are sustained over the short-term.

The nearest key support level for XRP is around $0.45. On the upside, XRP faces resistance zones at $0.55 (previous support), $0.68, and $0.92. Breaking above these levels could open the door for further gains. Holding support at $0.45 is important to maintain the short-term bullish momentum.

Ripple’s Party

The timing of this increased activity seems tied to Ripple’s high-profile celebration event happening on September 29 in NYC. Ripple is hosting the exclusive party at the Hammerstein Ballroom to commemorate its recent legal victory against the SEC. The event has generated hype within the XRP community, with speculation about potential major announcements like a Ripple IPO or settlement with the SEC.

However, crypto legal expert John E Deaton believes no significant revelations are forthcoming at the event itself. In a tweet, Deaton stated “I do not anticipate any IPO or SEC settlement announcement next week in NYC…”

Nonetheless, the surge in trading volume indicates renewed investor interest in XRP ahead of Ripple’s celebratory event. If XRP can sustain trading volume at this level, technical analysts suggest the price could push toward the $.587 target. Traders are closely monitoring whether the momentum will continue, especially if any surprises emerge from Ripple’s high-profile party.

The soaring trading activity shows that anticipation is building in the XRP community. All eyes will be on Ripple’s event to see if it provides any catalysts that could propel XRP to further gains.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post XRP Volume Surges Ahead of Ripple’s NYC Celebration Event – Here’s the Next Price Target appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Event Token (EVENT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 EVENT

event xrp volume ripple proper party upcoming

Источник: captainaltcoin.com

event xrp → Результатов: 105


Ripple Surges 15% Following News That It Wants To Go Public

Ripple CEO Brad Garlinghouse says that the San Francisco-based payments startup intends to go public once its legal battle with the U.S. Securities and Exchange Commission (SEC) is settled. XRP To Go Public In an interview during the Consensus 2021 event, Garlinghouse commends Coinbase following the crypto exchange’s debut on the Nasdaq in April. Despite the […]

2021-6-1 15:13


Ripple Contributes $10M to NGO Mercy Corps at Swell; CEO Says The US is Giving Advantage to Chinese Tech

Ripple is wrapping up its annual event, Swell. The two-day event, held on Oct. 14-15, was virtual for the first time and is overall the fourth one. Usually, a driver for a spike in XRP prices, this time not only was there not much hype around the event, but the price of XRP is also […] The post Ripple Contributes M to NGO Mercy Corps at Swell; CEO Says The US is Giving Advantage to Chinese Tech first appeared on BitcoinExchangeGuide.

2020-10-16 21:58


Фото:

Crypto Price Analysis May 5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

The Bitcoin price has been decreasing inside a bearish pattern since April 30. At the time of writing, the price was trading near $8,900. With the third BTC halving projected to occur on May 12, Google search interest for the event is at an all-time high, a value more than four times the previous all-time […] The post Crypto Price Analysis May 5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

2020-5-6 19:15


XRP Ripple Breaks Above $0.3000 while the US Senate Debates Crypto Security

The US Senate Debates 2020 Budget and Global Regulations: In the meantime, across the ocean, in the United States, the Senate held a detailed analysis of the upcoming 2021 budget volume and at this event, the US Treasury Secretary Steven Mnuchin was asked by senior members in what manner will the United States Treasury increase […] The post XRP Ripple Breaks Above $0.

2020-2-18 16:55


XRP Analyst Suggests IPO Could Be Game-Changing for Ripple: Here’s How

This week, Brad Garlinghouse — chief executive of Ripple Labs in San Francisco — made a massive announcement at a Wall Street Journal event in Davos, Switzerland at the World Economic Forum. The industry executive told a crowd at the event that he intends to bring Ripple public in the coming years, adding that he... The post appeared first on NewsBTC.

2020-1-26 04:00


XRP On-Chain Trends Recording Strong Growth as Ripple’s XRPL Numbers on the Rise

XRP price might not be making any moves — currently trading below $0.30 — despite the Swell event just around the corner but its on-chain metrics are going strong. In a Twitter Thread, Coin Metrics, a crypto asset market data, and research firm shared these developments starting with a significant uptick in the transaction count […]

2019-11-3 18:10


дальше еще 56 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why Is Lido DAO Pumping? Expert Outlines LDO Price Path to $3

The price of Lido DAO has surged today, experiencing an increase of over 20% in the last 24 hours, coinciding with a broader upswing in several Ethereum tokens. This movement is likely driven by a renewed positive sentiment surrounding Ethereum, which has positively impacted tokens within its ecosystem.