XRP News: Surge in On-Chain Activity and Trading Volumes Indicates Potential Market Rebound
| Download App for Android | Download App for iOS |
| Start Trading XRP on BTCC Today! <<<< | |
Recent developments in the XRP cryptocurrency market have caught the attention of investors and analysts alike. Here’s a closer look at the key trends and developments shaping the future of XRP.
XRP Crypto Skyrockets With 2 Million Transactions in 24 Hours
After a period of slowdown, XRP is experiencing a surge in on-chain activity. The network has surpassed the 2 million transactions mark, often a sign of renewed investor interest. This is accompanied by an increase in trading volumes, a stabilization of the price around $2.30, and technical support at $2.10. The rise in investor interest could indicate a rebound in the market.
Ripple Investors Turn to Lightchain AI as a Hedge in Volatile Markets
With Ripple’s cryptocurrency, XRP, facing market volatility, investors are turning to Lightchain AI as a stable alternative. Lightchain AI, which raised over $17.7 million at a presale price of $0.007, offers a unique combination of AI and blockchain technology. Investors are increasingly drawn to its real-world utility and long-term growth potential, making it a promising opportunity for those looking to hedge against volatility while positioning themselves for significant gains in 2025.
XRP Price Prediction: XRP Eyes $10 Surge as Ripple Secures Dubai License
The latest developments surrounding Ripple’s new regulatory license in Dubai have added fuel to the bullish outlook for XRP. Ripple recently announced it has secured a crucial license from the Dubai Financial Services Authority (DFSA), allowing the company to legally offer crypto payment services using XRP within the Dubai International Financial Centre (DIFC). This marks a significant milestone, as Ripple becomes the first blockchain company to receive such approval in the region. With this license, Ripple is poised to tap into the growing demand for cryptocurrency-based services in the UAE, which serves as a hub for financial innovation.
XRP’s Leverage-Driven Pump Gathers Liquidity — Can Price Break Above $3?
Analysis of the recent XRP price alongside the Open Interest indicated a Leveraged pump, with an explosive growth in OI change accompanied by a sharp price increase. Leverage, specifically derivatives trading leverage, amplifies gains and losses. Traders building leveraged long positions increase OI, fueling price momentum. However, over-leverage leads to liquidations, causing violent corrections. After the March 2 peak, XRP price quickly corrected, falling to $2.1, with OI fluctuations showing persistent volatility. In the event of ongoing leverage, XRP may attempt to rise.
