XRP Faces Major Breakdown Risk as Bitcoin Surges; Ripple’s Bold 2025 Stablecoin Forecast!

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Here are the top three news stories over the past weekend presented to you by U.Today.

Bollinger Bands ring warning bells for XRP versus Bitcoin

Following an exceptional week where XRP experienced a 24% increase, there’s growing speculation that this bullish streak might be about to falter. Over just six days, the price of the Ripple-linked token has soared by 35%, peaking at $3.40 – a level not attained in seven years. Compared to Bitcoin and Ethereum, XRP saw a 12% rise against Bitcoin and a 26% increase against Ethereum. At one stage, XRP was 30% stronger than Bitcoin, but with the exchange rate at 0.0000342 BTC for 1 XRP, it appears that the market has reached a valuation plateau between these two cryptocurrencies. The Bollinger Bands indicator also indicates that XRP may have hit this valuation ceiling against Bitcoin. Given this context, it appears more probable that XRP will fall rather than continue rising against Bitcoin. If the median level provides solid support, XRP could drop by 10%, or plummet by 31% if the decline persists until the lower band is reached.

Quarter billion dollars in Bitcoin stun major U.S. exchange Coinbase

Based on information from Whale Alert, last Friday (January 17th), an amount equivalent to 2,501 Bitcoin, or around $256.4 million, was sent to Coinbase International. The recipient’s address, “bc1q5y,” had very little activity until it received a deposit of 2,502 BTC from another unidentified address, “bc1qe2n7.” This transaction might imply that the wallet is managed by an organization instead of an individual, as it has ties to a Coinbase Prime address and currently holds 10,115 BTC worth approximately $1.05 billion.

This significant transfer raises questions about a possible sell-off, as it could mean that a major Bitcoin holder is planning to cash out their Bitcoin, which may influence market prices. Furthermore, the timing of this transaction, occurring just before the weekend, could intensify its impact on trading volumes and price fluctuations. As I write this, BTC is trading at $107,736, marking a 2.37% increase over the past 24 hours according to CoinMarketCap.

Ripple exec makes bold 2025 stablecoin prediction: Details

In a recent article, Jack McDonald, Vice President of Stablecoin at Ripple, anticipates that 2025 will mark the breakthrough year for stablecoins. According to McDonald’s statement, forthcoming U.S. regulations are expected to offer more defined guidelines and standards, boosting trust and encouraging wider usage of stablecoins. In conclusion, McDonald asserted that Ripple and its stablecoin, RLUSD, are prepared to take the lead in this development. For context, RLUSD was launched worldwide on December 17, with the aim of strengthening Ripple’s cross-border payment services, especially given the escalating demand for USD-backed stablecoins in regions such as APAC, the EU, and Australia. As it stands, the stablecoin market is currently capped at around $216 billion, with estimates predicting a growth to nearly $3 trillion over the next five years.

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2025-01-20 19:08