XRP News: Price Enters Golden Pocket, Presenting Attractive Buying Opportunity

The XRP price has recently entered a Golden Pocket, a significant Fibonacci retracement level often indicating strong support. A crypto analyst known as 'ColdBloodedCharter' on TradingView suggests that this could be a favorable time for investors to consider buying XRP, as the market consolidates and the asset potentially prepares for an upward move.

XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels

The XRP price has entered a Golden Pocket, a key Fibonacci retracement level that often acts as strong support. According to a crypto analyst, this new development could present an attractive buying opportunity for investors, especially as the market consolidates. A crypto analyst, known as 'ColdBloodedCharter' on TradingView, has presented a detailed technical chart analysis of XRP, discussing its current position, potential future trends, and key buying levels. The analyst disclosed that XRP is currently inside a Golden Pocket, supported by a 50-day Moving Average (MA) directly below it. The analyst noted that his previous analysis from the day before was playing out exactly as planned, with the new Golden Pocket acting as a resistance level when approached.

XRP Price Under Pressure After Outage and 50% Drop in Active Addresses

XRP's price is facing downward pressure following a network outage and a significant 50% drop in active addresses from its December peak. The Chaikin Money Flow (CMF) indicator, although still positive, has weakened, indicating reduced buying pressure. A potential death cross on the EMA lines suggests that XRP might test lower support levels unless there is renewed market hype and buying activity to push the price above key resistance zones. The CMF has stabilized around 0.19 after a brief dip into negative territory, showing some buyer support but not enough to sustain a strong bullish trend.

XRP ETF Race Heats Up: Ripple CEO Highlights 19b-4 Submissions

On Thursday, the Chicago-based Cboe Exchange filed four separate 19b-4 applications with the US Securities and Exchange Commission (SEC), seeking approval to list and trade spot XRP exchange-traded funds (ETFs) proposed by WisdomTree, Bitwise, 21Shares, and Canary. The submissions mark the latest step in the regulatory process, following initial S-1 filings, and if successful, could position XRP alongside Bitcoin and Ethereum as the next major crypto asset to gain ETF status in the United States. The applications underscore key arguments for spot XRP ETF approval, referencing the partial court victory Ripple Labs achieved in July 2023, which found that programmatic sales to retail investors did not constitute investment contracts under federal law.

Ripple (XRP) May Have Reached Its Cycle Top, Investors Shift Focus to New Payments Crypto Remittix (RTX)

The crypto market often showcases repeating patterns, benefiting early recognizers. XRP, which surged from a few cents to $3.00 in 2017, proves tokens with real-world utility can excel. Now, Remittix (RTX), a new project promising efficient cross-border payments, is showing a similar prelaunch trend. RTX aims to challenge Ripple's market share with its unique PayFi solution addressing payment inefficiencies.