⚠️IF You HOLD XRP RIPPLE I GOT NEWS For YOU!!!!! (Last Chance)

Summary

XRP has surged to $162, marking a significant milestone, with a 25% gain for holders. Technical analysis suggests that XRP might continue its upward trajectory, with support at $150.50. The resignation of SEC Chairman Gary Gensler is seen as a positive for utility coins like XRP, ADA, and XLM. As Bitcoin dominance drops, altcoins could enter a strong rally. The video also highlights opportunities for leveraging XRP through the Marx exchange, using XRP as collateral for trades. The speaker emphasizes regular profit-taking and a DCA strategy in a market showing strong potential but significant volatility.

Takeaways

• 😀 XRP just broke $162, marking a significant achievement for the coin and its holders, with many seeing 25% gains from recent trades.
• 😀 XRP has shown impressive growth: up 10% in the last 24 hours and 57% in the past 7 days, presenting major opportunities for traders.
• 😀 The market may be entering a new phase with XRP bouncing back strongly, and technical analysis suggests another potential buying opportunity near $150.
• 😀 SEC Chairman Gary Gensler resigned after 4 years, which is being viewed as a positive development for crypto, potentially removing obstacles for utility coins like XRP, ADA, and XLM.
• 😀 XRP is benefiting from a shift back to utility-focused cryptocurrencies, as meme coins appear to be losing their dominance, creating more attention on established projects.
• 😀 The ongoing supply shortage of Bitcoin on exchanges is a major signal, with only 2.6 million BTC available for purchase, contributing to a potential price surge.
• 😀 China’s unbanning of Bitcoin and the growing number of millionaires there creates significant demand, further tightening Bitcoin’s supply on exchanges.
• 😀 Altcoin season has not fully begun yet, but as Bitcoin dominance decreases, altcoins like XRP, AVAX, and Polkadot could see strong price increases.
• 😀 Bitcoin’s mainstream media recognition and bullish signals, including endorsements from figures like Jim Cramer, indicate a potential breakout for the crypto market.
• 😀 The current strategy involves taking profits incrementally, especially in times of extreme greed, and focusing on dollar-cost averaging (DCA) both in and out of positions for more consistent gains.

Q & A

What is the significance of XRP's recent price movement?

XRP recently broke through a major price point, hitting $162, which is considered a significant achievement for the cryptocurrency. The price movement highlights the growing momentum of XRP, with the speaker also noting that the trade has yielded a 25% gain for holders.

Why is the speaker excited about XRP's performance?

The speaker is excited because XRP is experiencing a strong upward movement, with a 10% increase in the last 24 hours and a 57% increase over the past 7 days. The speaker also notes the technical analysis, which suggests that the price could continue to rise.

What is the speaker’s analysis regarding Ethereum and Bitcoin?

The speaker mentions that while XRP is performing well, Ethereum is lagging behind but is expected to soon break $4,000. The speaker also references the potential of Bitcoin and Ethereum pairings and suggests that the altcoins could be in a favorable position soon.

What role does technical analysis play in the speaker’s strategy?

Technical analysis is a key component of the speaker’s strategy, as evidenced by their assessment of XRP's price movements. The speaker points to the formation of higher highs and higher lows, which could signal another upward movement, suggesting that now might be a good time for traders to enter.

How does the speaker encourage viewers to trade XRP?

The speaker encourages viewers to trade XRP on the Marx platform, highlighting the ability to deposit XRP as collateral for trades, and earn profits in XRP rather than USDT. This method allows traders to take advantage of price movements while also accumulating more XRP.

What does the speaker think about Gary Gensler's resignation?

The speaker views Gary Gensler's resignation as a positive development for the cryptocurrency space, especially for older-generation utility coins like XRP and Cardano. Gensler's departure could signal less regulatory pressure on these assets, potentially allowing them to rise.

Why does the speaker believe utility coins might be gaining attention?

The speaker theorizes that the resurgence of interest in utility coins like XRP, Cardano, and Stellar may signal a shift away from meme coins. They suggest that with the increasing interest in long-term utility, crypto traders might be looking for more substantial projects rather than speculative meme assets.

What is the speaker’s outlook on meme coins and altcoins?

While the speaker acknowledges that meme coins remain popular, they believe that utility coins could be entering a new phase of growth. They also note that altcoin season might not have fully kicked off yet, but as Bitcoin dominance drops, altcoins are expected to rise.

What does the speaker mean by 'altcoin season'?

Altcoin season refers to a period when altcoins—cryptocurrencies other than Bitcoin—see significant price increases. The speaker observes that while we are not yet in full altcoin season, the drop in Bitcoin dominance suggests that altcoins could be poised for growth in the near future.

What does the speaker say about Bitcoin’s supply and its impact on price?

The speaker highlights that Bitcoin's supply on exchanges is at an all-time low, with only about 2.6 million Bitcoin available. This creates a supply shock, particularly with large buyers like China (which recently unbanned Bitcoin) and American investors, which could lead to a price increase driven by scarcity.