CryptoMediaClub
Saturday, July 5, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Analyst warns of ‘leverage driven pump’ as XRP price soars

30.11.2024
A A
0
122
VIEWS
ShareShare

CryptoQuant community analyst Maartunn highlighted that XRP’s current price increase is a “leverage-driven pump,” with a similar event in the past ending in a 17% correction.

According to CryptoSlate data, XRP was priced at $1.72 as of press time, up 16.4% over the past 24 hours to become one of the best-performing crypto in the top 10.

The open interest in XRP futures increased 37%, along with the recent price surge.

Moreover, XRP climbed 232% in the past 30 days, which is over four times larger than the crypto market average return of 57.3% in the same period.

Bullish news

XRP started its run nearly one week after the US election results, which resulted in former President Donald Trump returning to the White House for a second term.

During his campaign, Trump’s crypto-friendly approach brought investors optimism, sparking gains in various altcoin prices, including XRP, which crossed the $1 threshold for the first time since November 2021.

Yet, XRP’s most significant pump happened after Nov. 21, when the US Securities and Exchange Commission (SEC) chair Gary Gensler announced he would leave his role on Jan. 20, 2025. In the few hours following his statement, XRP’s price soared by 35%, reaching $1.60.

Under his administration, Gensler took a “regulation by enforcement” approach, which resulted in the SEC cracking down on major crypto firms, such as Binance, Kraken, Coinbase, and XRP’s issuer Ripple.

Notably, a four-year legal battle between Ripple and the US regulator is still ongoing as the SEC tries to prove in court that the XRP sales were, in fact, an unregistered securities offering.

The major price movement can then cause the lawsuit to be dismissed with the start of a Trump term, making XRP a sound investment.

In addition to the positive news suggesting that XRP may be discarded as a security in the US, Ripple has been making key developments recently.

This week, the firm invested in Bitwise’s XRP fund and launched the first tokenized money market fund on its XRP Ledger.

The post Analyst warns of ‘leverage driven pump’ as XRP price soars appeared first on CryptoSlate.

Share9Tweet6ShareSharePin2

Related Posts

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership
Analysis

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

04.07.2025
0

XRP Ledger posted the second-largest 30-day increase in tokenized real-world assets (RWA), adding 34.6% to reach $157.4 million, data from...

Read moreDetails
Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

04.07.2025
Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

04.07.2025
Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

04.07.2025
MARA’s $5.4B Bitcoin treasury grows to 50k BTC as miners adopt a HODL strategy

MARA’s $5.4B Bitcoin treasury grows to 50k BTC as miners adopt a HODL strategy

04.07.2025
Load More
Next Post
Is $8 Next for Near Protocol? $NEAR Up 265.4% In A Year 

Is $8 Next for Near Protocol? $NEAR Up 265.4% In A Year 

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

CoinFlip’s Olliv Brings 300+ Crypto ATMs to Access Litecoin in Australia

CoinFlip’s Olliv Brings 300+ Crypto ATMs to Access Litecoin in Australia

2 years ago
Bitcoin’s Q4 rally uncertain amid weak demand signals – CryptoQuant

Bitcoin’s Q4 rally uncertain amid weak demand signals – CryptoQuant

9 months ago
Shiba Inu (SHIB) Whales Moved 5 Trillion Tokens Across Unknown Wallets

Shiba Inu (SHIB) Whales Moved 5 Trillion Tokens Across Unknown Wallets

2 years ago
Coinbase Faces $1B Lawsuit from BiT Global Over Wrapped Bitcoin (WBTC) Delisting

Coinbase Faces $1B Lawsuit from BiT Global Over Wrapped Bitcoin (WBTC) Delisting

7 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

Google’s Gemini AI Predicts the Price of XRP, Solana and Cardano by the End of 2025

ChatGPT’s 42-Signal DOGE Analysis Flags Key $0.155 Support Test Amid Musk Drama

Trending

Ethereum Price Prediction: ETH Gains 4% This Week, Yet Golden Cross Flops – Is $3,000 Out of Reach?
All news

Ethereum Price Prediction: ETH Gains 4% This Week, Yet Golden Cross Flops – Is $3,000 Out of Reach?

05.07.2025
0

Ethereum is attracting significant institutional capital, despite its price struggling to gain traction above $2,600. According to...

Glassnode’s James Check Warns Bitcoin Treasury Boom Could Be Short-Lived

Glassnode’s James Check Warns Bitcoin Treasury Boom Could Be Short-Lived

05.07.2025
Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

05.07.2025
Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

05.07.2025
Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

05.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz