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XRP Price Prediction: Standard Chartered Foresees Growth Amid Cloud Mining Boom

XRP Price Prediction: Standard Chartered Foresees Growth Amid Cloud Mining Boom

Author:
XRP News
Published:
2025-04-20 16:57:12
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As the cryptocurrency market experiences heightened volatility, Ripple’s XRP has captured investor interest following a bullish price prediction from Standard Chartered. Meanwhile, cloud mining platforms like XY Miners are gaining traction, offering users a pathway to significant earnings—up to $36,900 with Bitcoin—without the hassle of maintaining physical mining hardware. This article delves into the latest developments in XRP’s market outlook and the evolving landscape of AI-driven cloud mining.

XRP Price Prediction and Earning Potential through Cloud Mining

The cryptocurrency market has seen significant volatility this week, but Ripple’s XRP has garnered attention due to a bold price prediction from Standard Chartered. This article explores cloud mining, highlighting XY Miners and its potential to earn $36,900 with Bitcoin. Cloud mining allows individuals to rent computing power from remote data centers, eliminating the need for expensive mining equipment maintenance. AI cloud mining providers are responsible for this process.

XRP Resembles Compressed Spring for Significant Price Move

The price action for XRP resembles a tightly compressed spring ready to uncoil with sudden energy release, according to the Bollinger Bandwidth indicator. The indicator, which measures the space between Bollinger Bands as a percentage of the 20-day moving average, has narrowed to its lowest level since October 2024 on the 4-hour chart. This suggests a potential significant price move for XRP.

XRP Price Prediction: Potential Surge Amid Trump-Powell Clash and Regulatory Clarity

The current price movement of XRP coincides with mounting political tension in the United States, where President Donald Trump is reportedly considering the removal of Federal Reserve Chair Jerome Powell. This potential development, paired with anticipated regulatory clarity, is fueling bullish sentiment in the broader crypto market. The drama surrounding the Federal Reserve’s leadership has stirred financial markets, with Trump’s team actively reviewing whether the president could fire Powell, a move that would defy long-standing traditions surrounding central bank independence.

Asia’s First XRP Investment Fund Launches with Ripple as Anchor Investor

Blockchain payments firm Ripple has partnered with HashKey Capital to introduce the first XRP Tracker Fund in Asia. The fund, designed for professional investors, will track the performance of Ripple’s cross-border payments token XRP. Investors can buy shares via cash or in-kind subscriptions and subscribe or redeem them monthly. Ripple is backing the fund as both an early and anchor investor.

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