XRP, the cryptocurrency associated with Ripple, has shown resilience amid recent market turbulence. It gained 3% in 24 hours, reaching $0.5159. This comes as the broader crypto market attempts recovery from a downturn earlier this week. The token's performance is mixed. It's down 20% over seven days but up 21% in a month. XRP has lost 16% over the past year. However, a potential settlement between the SEC and Ripple could boost its value. Some market watchers are bullish on XRP's prospects. They predict it could break the $1 barrier. The token's all-time high of $3.40 remains a distant target. XRP's technical indicators suggest an upward trend. Its relative strength index has hit 60. It could climb further before reaching overbought territory. The 30-period moving average is approaching the 200-period average. This could signal continued growth. The token has consistently broken short-term resistance levels since early August. This might provide additional momentum. However, recent whale activity suggests caution. Large holders have been moving XRP to exchanges. Crypto trader "Doctor Magic" highlighted XRP's strength on social media. He noted it avoided making lower lows during the recent market dump. "HTF still bullish af," he tweeted, using trader slang for "higher time frame" and "as fuck". The resolution of the SEC-Ripple case could be a game-changer. It might provide the clarity needed to attract more traders. Additionally, expected Federal Reserve rate cuts in September could lift the entire crypto market. Based on these factors, some experts reckon XRP could hit $0.75 by Q4. A $1 valuation by year-end isn't out of the question. While XRP holds promise, investors might look to diversify. Smaller cap coins offer potential for exponential growth. One such option is PlayDoge (PLAY), an Ethereum-based token currently in presale. PlayDoge has raised nearly $6 million. It's inspired by Tamagotchi games and features virtual Shiba Inu pets. Players can earn rewards through breeding and missions. PLAY tokens will fuel in-game transactions.

A former Ripple bigwig has dropped a bombshell. XRP, the cryptocurrency associated with Ripple, isn't meant for regular folks. Dilip Rao, ex-global head of infrastructure innovation at Ripple, spilled the beans at a Dubai summit. Rao's comments came during a Q&A session. Attendees were curious about crypto's speculative nature. They wondered if it was hurting the industry's growth. The ex-exec didn't mince words. He admitted that many people trade XRP speculatively. But that's not Ripple's endgame. Over 200 exchanges globally trade XRP. Rao suggested some of this activity is superficial. Ripple has bigger fish to fry. They're positioning XRP as a tool for big-shot institutions. The goal? Use it as a bridge in hefty financial transactions. Rao acknowledged the market noise. But he pointed to a shift. In one quarter, most of Ripple's XRP sales were to institutional investors. This marks a turning point. "As this transition from retail to institutional use continues, XRP will be used more for wholesale financial purposes," Rao said. That's when things will get interesting. These comments were made back in 2018. The XRP Army recently dug them up. A lot has changed since then. XRP is still a hot commodity. It's among the top ten traded crypto assets. But it's not all sunshine and rainbows. Ripple's XRP sales to institutions have landed them in hot water. U.S. regulators are demanding up to $2 billion in fines. Despite this, XRP holders remain bullish. They're banking on institutional interest to drive up the asset's value. One enthusiast even claimed, "Every single XRP will be like GOLD." Rao's past role at Ripple was no small potatoes. He led teams in securing banking partnerships for RippleNet. His work helped launch Ripple-powered payment services across multiple regions. In the end, Rao's comments highlight a crucial question. Is XRP destined for Wall Street, or will it remain a retail darling? Only time will tell.

Crypto analyst Benjamin Cowen is sounding the alarm. He reckons altcoins are about to take a nosedive against Bitcoin. Cowen, with a whopping 839,200 followers on X, warns of pain ahead for altcoin holders. He thinks the crypto market is mirroring the 2019 cycle. In April, Cowen spotted a pattern. The total altcoin market cap against Bitcoin looked eerily similar to 2019. He predicted a bigger Bitcoin correction once ALT/BTC pairs collapse. This would lead to altcoins capitulating against the US dollar. Now, with ALT/BTC breaking support, Cowen says it's showtime. He expects a repeat of the 2019 scenario. "We should finally see ALT/BTC pairs break down soon," Cowen states. "Last cycle, they broke down one month before the 1st rate cut, and something similar could play out here too." The CME FedWatch Tool backs this up. It shows 100% of traders expect a Fed rate cut next month. Cowen's not done yet. He predicts Bitcoin Dominance will hit 60% before altcoins catch a break. He explains, "With some indicators flashing recessionary signals, it means the Fed will begin to cut rates soon, in order to try and minimize the damage and hope for a soft landing." This spells trouble for altcoins. Cowen adds, "This means BTC dominance will top soon (probably sometime between Sept.-Dec. 2024). But first, 60% dominance." As of now, Bitcoin Dominance sits at 56.73%. If Cowen's 2019 comparison holds water, altcoins are in for a rough ride. The crypto market's no stranger to volatility. But Cowen's prediction suggests we're in for a wild one. So, what's a crypto investor to do? Keep a close eye on Bitcoin Dominance and those Fed rate decisions. Remember, though, this is just one analyst's take. The crypto market's full of surprises, and nothing's set in stone. Still, Cowen's track record and massive following make his predictions worth considering. Altcoin holders, you've been warned.

XRP bulls are chomping at the bit. An analyst's recent Elliott Wave analysis paints a rosy picture for the cryptocurrency. Charting Guy says XRP's ready for takeoff. The crypto hit $0.3825 on July 5, marking the end of Wave 2. Now it's Wave 3 time. This wave could push XRP to $6. That's not chump change. Other analysts are even more bullish. CryptoBull sees $27 in XRP's future. Cryptobilbuwoo's crystal ball shows $21 to $45. But hold your horses. A correction's likely after Wave 3. It's not all smooth sailing. Charting Guy thinks the party could keep going, though. Wave 5 might take XRP to a whopping $22. Let's not get ahead of ourselves. $8 to $13 is more realistic, he admits. Mt. Gox is throwing a spanner in the works. They've dumped 52,550 BTC on the market. It's giving XRP a headache. Ethereum ETFs aren't helping either. They're bleeding money, and it's dragging down the whole crypto market. But it's not all doom and gloom. XRP's trading volume is through the roof. It's up 21% to $2.07 billion. Why? People are buzzing about the Ripple vs. SEC case. A win could send XRP to the moon. A loss? Well, let's not think about that. Right now, XRP's trading at $0.6200. It's up 1.44% in the latest session. Not too shabby. The charts look decent. There's an upward channel and the 50-day EMA's at $0.5899. That's good news for the bulls.

The US Securities and Exchange Commission (SEC) has given the green light to spot Ethereum Exchange-Traded Funds (ETFs). The crypto industry is buzzing with anticipation. Today's launch marks a significant milestone. Anthony Pompliano, CEO of Professional Capital Management, shared his thoughts on CNBC's Squawk Box. He believes ETH ETFs will boost crypto adoption. But he reckons their story isn't as clear-cut as Bitcoin's. Pompliano praised Bitcoin ETFs' impact. "It's probably the best ETF launch in history," he said. These products continue to see substantial inflows. He pointed out a striking stat: "The BlackRock Bitcoin ETF has had more inflows than QQQ year-to-date." Yesterday alone, BTC products raked in nearly $500 million. But will Ethereum ETFs match this success? Pompliano doesn't think so. "People aren't talking about it as much," he noted. The hype just isn't there. Why the lukewarm reception? Pompliano believes it's down to narrative. "The story is clear with Bitcoin. It's digital gold," he explained. Ethereum, on the other hand, is seen as a "technology platform" with "a lot more competition." Despite this, some firms are pitching ETH ETFs as a diversification play. This could attract investors looking to spread their bets. Pompliano thinks this approach might pay off. However, he warns that inflows won't match Bitcoin's levels. "We got to see what the flows will be like," he cautioned. One drawback? ETF holders won't benefit from Ethereum's staking rewards. But Pompliano sees a bigger picture. He reckons today's launch will open the floodgates for altcoins. "These things come to Wall Street," he predicted. It might take time, but the door is now ajar. This shift could reshape the crypto landscape. "What went from a zero to one 'Is it going to be Bitcoin or is it not?' is now going to be a crypto industry," Pompliano explained. This could trigger a portfolio approach to crypto investing. In the end, Pompliano expects decent inflows for Ethereum ETFs. He also predicts a price bump for ETH. But he tempers expectations: "It's not going to be to the magnitude that people are hoping for."