XRP has been on a tear lately, with a rally that would make even the most seasoned investor blush. However, as our favorite coin climbs higher, the potential for profit-taking increases, as we’ve seen in the last 24 hours.
And get this, the bad guys used USDT to launder the loot, transferring it to offshore wallets faster than you can say “digital wallet.” The Directorate of Criminal Investigations (DCI) is on the case, working with the bank’s cybersecurity team, and they’re promising arrests “any day now.” 🕵️♂️💻
According to a blog post that could have been written by a particularly sardonic playwright, the blockchains to be affected are the Omni Layer, Bitcoin Cash Simple Ledger Protocol (SLP), Algorand, Kusama, and EOS. A veritable who’s who of the blockchain world, wouldn’t you say?
Analysts are pointing to some key price structures that could support an advance toward $0.68. And if we get a sustained breakout from current levels, we might just see a new short-term trend emerge 📈.
PayPal described Stellar as a blockchain tailored for low-cost, high-speed payments with strong real-world utility. By adding support for Stellar, the company aims to improve the accessibility and usability of PYUSD for payments, cross-border transfers, and financial services. The integration is expected to enhance daily payment options and provide users with expanded access to financing tools such as working capital and small business loans—areas where Stellar is already active.
Now, Peter Brandt, in his most recent tweet (which probably had a few people clutching their pearls), said that after a cheeky false breakout in April, the XRP chart has managed to pull off a *compound fulcrum*, which, according to him, is like spotting a unicorn in the wild—*extremely rare*, and it could very well spell out a price of $4.40. Who’s excited? 🙋♂️🙋♀️
XRP is currently trading around $2.80, continuing a multi-day rally that has made it one of the top performers in the altcoin market. As of July 12, XRP price has posted the highest daily gain and the second-highest weekly surge across major cryptocurrencies. This momentum has reignited investor interest and intensified discussions around the next possible leg up, much like a game of musical chairs where everyone is hoping to find a seat when the music stops.
A clever analyst with the username CryptoMe (because, of course, they’re a mysterious genius) has been digging into the data and found some interesting tidbits. It turns out that the short-term holders’ spent output profit ratio (STH SOPR) is currently sitting at 1.02, which is apparently a good thing. 🤔
In a majestic ascent, Shiba Inu climbed for a triumphant three days straight since July 8, reaching a dizzying height of $0.00001387 on Friday—only to retreat like a shy pup when faced with a sudden noise.
Ethereum resumed its enthronement upon the blockchain pedestal, raking in an impressive $50 million in sales, while Bitcoin, that delightful digital rogue, leapt from a mediocre sixth to the glory of second place amid a crypto carnival of highs. With BTC basking in the luminous glow of a new all-time peak at $117,000 and ETH experiencing a 17% jig in the last seven days, one might say the cryptosphere is still dancing—a solitary waltz, perhaps. 💃🕺