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XRP price trades at $2.2378 today, July 4, down by less than 1% from a day earlier. While it has remained in this range over the past few weeks, several converging factors suggest that a 50% surge is possible. Ripple price has formed a symmetrical triangle pattern, RLUSD market cap is growing, and the Teucrium
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Bitcoin price action has recently sent shockwaves across the broader market with its volatility, flagging a potential bull cycle end. Notably, CryptoQuant CEO on Tuesday said that the “BTC bull cycle is over,” triggering market concerns globally. Nevertheless, the latest market statistics, such as rising stablecoin inflows, broader advancements, and bullish price chart formations, conversely signal that a rally lies ahead.
BTC price lost nearly 1% value and exchanged hands at $83,179 as of press time. The coin mainly stagnated around the $80K-$85K price level over the past week.
In an X post on March 18, CryptoQuant CEO Ki Young Ju conveyed that he believes the flagship coin’s bull cycle is over. Besides, Young anticipates 6-12 months of a bearish or sideways trading session for the crypto ahead.
The CEO says, “Every on-chain metric signals a bear market.” Notably, this comment stems from the CEO’s observations of fresh liquidity drying up and new whales selling at lower prices.
Additionally, the bull cycle end warning is in sync with PCA (Principal Component Analysis), a metric to analyze on-chain aspects. Young reveals that after analyzing aspects like MVRV, SOPR, and NUPL to compute a 365-day moving average, the signal identifies an inflection point, a.k.a trend reversal ahead.
Although these market dynamics triggered market concerns of a Bitcoin correction/consolidation ahead, other developments conversely stirred up the crypto market.
According to an X post by Matrixport on March 18, stablecoin inflows continue to surge despite the recent market turmoil. Both Tether (USDT) and Circle (USDC) witness constant inflows, conversely bringing more liquidity to the market.
Reportedly, the stablecoin growth recorded in Q4 last year has moderated, although the uptrend still persists. Fresh capital continues to flow into the crypto market despite a turbulent action amid macro heat, signaling renewed investor sentiment.
This saga, in turn, sparked bullish sentiments as Bitcoin demand could also rise ahead.
Simultaneously, Japan’s Metaplanet’s acquisition plans continue to underscore a burgeoning institutional interest in the flagship asset. The Japanese public company acquired 150 BTC worth $12.5 million on March 18 as a part of its treasury operations.
The constant buying is a solid confidence booster for market participants, indicating an institutional shift towards the crypto asset class. CoinGape reported that the Singapore Exchange (SGX) is also eyeing the launch of Bitcoin futures contracts amid rising adoption in the Asian landscape.
Meanwhile, even Michael Saylor’s Strategy bought 130 coins for $10.7 million recently. Altogether, these broader developments signaled that a price rally is possible when looking at long-term prospects.
Crypto analyst ‘Stockmoney Lizards’ posted on X this Tuesday, stating that BTC is in a corrective channel, characterized by lower highs and lower lows. However, this bearish momentum is waning, per the analyst. The current price chart formation shows a bullish divergence in the daily time frame.
For context, bullish divergence signals a reversal in a downtrend, suggesting that price gains loom. However, the analyst also revealed that a potential dip to mid-low 70s is anticipated. Nevertheless, <80k remains as a string accumulation zone for many.
In conclusion, the Bitcoin bull cycle may not be over long-term, although short-term volatility may be expected amid broader trends.
The post Is Bitcoin Bull Cycle Over? Stablecoin Inflow Hints At BTC Rally Ahead appeared first on CoinGape.
XRP price is gaining momentum as optimism drives speculation on its next breakout. After a recent decline, XRP is showing signs of a rebound.
U.S. President Donald Trump revealed five digital assets, including XRP, for a potential U.S. strategic crypto reserve, boosting market sentiment. The upcoming crypto summit on July 7 may further impact XRP’s movement.
If XRP hits $10, holding 100,000 tokens today could reach $1 million. However, market fluctuations and regulations continue to shape its trajectory.
As the crypto market rebounds, experts speculate that XRP reaching $10 could significantly boost holders’ portfolio value.
If the Ripple price reaches $10, it would gain more than a 300% surge from current levels.
The critical question is how many tokens are required today to achieve millionaire status at this projected price point.
To determine the necessary holdings, one must divide $1M by the projected price of $10 per XRP. This results in 100,000 XRP tokens. At the current market price of $2.50 per token, acquiring 100,000 XRP would require an initial capital of approximately $250,000.
XRP price movement hinges on several factors, including regulatory clarity and broader market trends. The ongoing SEC case remains a crucial element, with Judge Torres’ ruling expected to influence XRP’s regulatory stance.
Former U.S. President Donald Trump is set to host a White House Crypto Summit on March 7, 2025, with Ripple co-founder Brad Garlinghouse among the invitees. The summit could impact sentiment around XRP as policymakers discuss the digital asset industry’s future.
The XRP price may receive support from an overall bullish crypto market approach for
cryptocurrencies. BTC’s return to a price of $100,000 will probably initiate a more considerable surge across the entire crypto market.
The overall value and practicality of XRP payment solutions could improve because of increased adoption from financial institutions.
XRP price growth potential depends on positive regulatory changes and growing market demand and institutional acceptance. Market observers track these market conditions since Ripple continues to deal with industry obstacles that could create further potential developments.
As of 6th March 2025, the price of XRP is trading at $2.56, marking a 3% surge in the last 24 hours. The Ripple shows signs of a steady recovery after a sharp correction from $2.2, with bulls attempting to reclaim higher levels.
The crypto market is still in the recovery phase, with BTC hovering above $91k and ETH gaining around 5% in the past day.
The Relative Strength Index (RSI) stands at 58.99, moving above the 50 mark, which signals growing bullish strength.
The Awesome Oscillator (AO) has flipped positive at 0.0827, reflecting a shift in momentum after the recent correction.
If the Ripple price prediction maintains its current trend, it could test the $2.70 resistance. A successful breakout may push the price toward $3.00. On the downside, failure to hold the $2.50 support could trigger a drop to $2.20.
With Ripple reaching a price of $10 each of 100,000 tokens would become worth $1 million. The markets together with regulatory framework while institutional adoption standards function as essential influencing elements. Market participants monitor price changes of XRP because it shows promising opportunities as the cryptocurrency nears its resistance thresholds.
The post Here’s How Much XRP You Need to Hold to Today to Become Millionaire if Price Hits $10 appeared first on CoinGape.
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