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XRP Targets $1.76 – Crypto Whale Addresses Receive XRP Altcoins

Gaurav Roy by Gaurav Roy
September 2, 2021
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California, USA – XRP trades at $1.23, but it looks forward to trading at $1.76 after a hit of an upswing. Buyers might witness a boost of 22%. Also, a $56-million transfer appeared under the record of a Whale address.

XRP has been anticipating a 46%-boost after the strong chart pattern. This cryptocurrency might expect an advantage over SEC regarding the ongoing case against Ripple because of the developments.

The price formed a bull pennant, which is on the 12-hour chart, and it’s recommending a 46%-upswing. The positive outlook of this blockchain company is that it might win the case against SEC or Securities and Exchange Commission.

Judge Sarah Netburn scheduled a deadline regarding the case, and SEC has to comply with the request of Ripple, and the blockchain company looks forward to winning the case after the recent motion.

If Ripple wins the case, there’s a possibility for positive sentiment, affecting the XRP trading price. Now, the remittance is fighting the resistance, which is at 78.6% Fib extension and a price of $1.21. It broke over the level, being in the upper boundary.

XRP Targets 1.76 Crypto Whale Addresses Receive XRP Altcoins
XRP Whale address receives $58-billion worth of XRP during the surge

If XRP reaches a strong break, it might witness a boost after the bullish goal, and the price might reach up to $1.76. On the other hand, it should also get through the $1.35 price at a 127.2% Fib extension to trade at $1.53 before it reaches $1.76.

On another note, some whale addresses received a transfer of XRP altcoins. These addresses are active again, moving cryptos while the price is increasing. As per Whale Alert (https://www.financemagnates.com/cryptocurrency/news/xrp-whale-address-transfers-56-million-worth-of-cryptocurrency/), a blockchain tracking and on-chain analytics firm, a whale address transferred over 48 million XRP, which is worth $56 million, and the address transferred it to an unknown wallet on September 1. The progress on the price of XRP makes these addresses transfer one wallet to another to take advantage of the price increase.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: crypto assetscrypto marketcrypto tradercrypto tradingcryptocurrencydigital assetsjudgelawsuitresistanceSECsupporttrading price
Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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