XRP News: XRPTurbo Presale Hits 50% Hard Cap Milestone, Aiming to Revolutionize XRP Ecosystem

XRPTurbo, a unique hybrid crowdfunding and crypto-incubator platform tailored for the XRP Ledger, has achieved a significant milestone in its presale, raising over 160,000 XRP in just under four weeks. This success indicates strong investor confidence in the platform’s potential to revolutionize the XRP ecosystem by providing user-friendly tools for onboarding innovative projects.

XRPTurbo Presale Surpasses 50% Hard Cap Milestone

XRPTurbo, a hybrid between Kickstarter’s crowdfunding model and DAO Maker’s crypto-incubator approach, has surpassed the 50% hard cap milestone in its presale, raising over 160,000 XRP in under four weeks. Designed for the XRP Ledger, XRPTurbo aims to become the leading platform for innovative projects launching within the XRP ecosystem, filling the gap of user-friendly tools for onboarding projects quickly, efficiently, and transparently. By building a suite of intuitive DeFi products, XRPTurbo is lowering entry barriers for developers, entrepreneurs, and investors alike.

SEC Chair Voted Against Suing Elon Musk

Acting Chair of the United States Securities and Exchange Commission (SEC) Mark Uyeda was reportedly the only commissioner to vote against suing tech billionaire Elon Musk over his late disclosure of his stock in Twitter. The SEC officially sued Musk on January 14 for failing to disclose his acquisition of over 5% of Twitter stock in 2022. This news comes as the SEC has eased its enforcement approach to crypto, dropping lawsuits against companies like Ripple, OpenSea, and Coinbase.

XRP Price Chart Shows Potential for $4 ATH in April

Crypto analyst Prophecy Trading has noted that the XRP price chart is showing a wave 4 corrective structure, which could lead to a new all-time high (ATH) of $4 in April. The analyst highlighted that XRP is currently experiencing a corrective structure but is still showing strength, with its current patterns aligning with historical market cycles. Specifically, the patterns resemble the price action from September 2017, indicating a final wave 5 rally that could push the altcoin to a new ATH.

XRP Price Consolidates—Breakout Incoming or More Choppy Moves?

XRP price started a fresh recovery wave above the $2.40 zone but is now correcting gains from $2.50 and might revisit the $2.35 support. The price is trading above $2.40 and the 100-hourly Simple Moving Average but there was a break below a connecting bullish trend line with support at $2.430 on the hourly chart. The pair might extend losses if it breaks the $2.40 support zone. Earlier, XRP price remained supported and started a recovery wave above the $2.320 zone, clearing $2.40 and $2.420 resistance levels.