This week hasn’t began nicely for crypto, and the XRP value took a small hit as nicely. It’s down round 4.5% within the final 24 hours, now buying and selling round $2.65.
There are rumors floating round on X that Elon Musk and Ripple made a partnership, however be aware that nothing is confirmed but.
Crypto veteran John Squaire rapidly addressed these claims on social media. He emphasised that there’s no fact to the Elon Musk and XRP partnership rumors. Squaire identified that neither Musk, Ripple, nor any dependable supply has confirmed such a partnership, urging the neighborhood to deal with verified info reasonably than hypothesis.
🚨 FAKE NEWS ALERT! 🚨
No, Elon Musk has NOT introduced a partnership with $XRP. ❌
There’s zero official affirmation from Musk, Ripple, or any credible supply.
For now, let’s stick to the details and look ahead to actual information. ⚠️🔍 pic.twitter.com/MdPE18603S
— John Squire (@TheCryptoSquire) February 16, 2025
XRP Price Forecast
Elite crypto dealer identified as ‘Extra Crypto On-line’ shared an influential XRP chart this morning. Based mostly on Elliott Wave rules, the evaluation suggests XRP is presently in a B-wave inside a Wave 2 correction sample. The value is hovering round $2.65-2.70, displaying a slight pullback from its current peak at $2.80.
The technical evaluation factors to a number of key help ranges to watch, with $2.35 serving as the primary important help on the 38.2% Fibonacci stage. Extra essential help zones lie at $2.23 and $2.11, corresponding to the 50% and 61.8% Fibonacci ranges respectively. The $1.96 mark represents a important threshold – a break under this stage may problem the general bullish outlook.
potential upside targets, the speedy resistance sits at $2.80, matching the February 4th excessive. A breakthrough above this stage may open the trail towards the $2.96-$3.03 vary, with additional potential for motion towards $3.40 for the XRP value if momentum stays sturdy.
Past XRP: High Altcoins to Buy Now?
Should you’re trying to keep away from XRP due to unstable value motion in current weeks and the blended image that chart confirmed us, then SOLX and BTCBULL tokens might be among the many options to contemplate.
Solaxy is working to remedy some main issues on the Solana community. As the primary Layer 2 protocol constructed for Solana, it tackles points that many customers face – like failed transactions and community congestion. What makes Solaxy stand out is the way it connects Solana with Ethereum, letting customers entry the advantages of each networks. The platform processes transactions away from Solana’s essential community, which suggests quicker and cheaper transactions for everybody utilizing it.
Solaxy provides a hybrid strategy combining facets of Solana’s current consensus mechanisms; Proof of Historical past (PoH) and Proof of Stake (PoS). PoH enhances transaction pace by offering a cryptographic proof of the order of transactions, whereas PoS secures the community by staking, permitting customers to earn rewards by collaborating in transaction validation.
The undertaking appears to be gaining nice traction with traders. Its native token SOLX has raised greater than $21.5 million in its ongoing presale. The staff plans to launch the token within the subsequent few weeks, and so they’re centered on making Solana extra environment friendly whereas benefiting from Ethereum’s established DeFi ecosystem.
BTC Bull Token has taken a distinct strategy to crypto. This new undertaking, constructed on Ethereum, combines Bitcoin rewards with token mechanics. The presale began simply days in the past and has already introduced in $2 million, displaying sturdy curiosity from early traders.
The token works in a simple means – holders get Bitcoin rewards when BTC reaches sure value ranges. These rewards begin when Bitcoin hits $100,000 and proceed at numerous milestones: $150,000, $200,000, $250,000, and all the way in which up to $1 million. The quantity of Bitcoin you obtain depends upon what number of BTCBULL tokens you maintain when these costs are reached.
The upper Bitcoin climbs, the heavier the bag.
Maintain BTCBULL tokens to earn BTC rewards at key value milestones! 🐂🚀 pic.twitter.com/6aW8gfcLXh
— BTCBULL_TOKEN (@BTCBULL_TOKEN) February 16, 2025
The undertaking additionally features a burn system that removes tokens from circulation at particular Bitcoin value factors. When BTC reaches $125,000, $175,000, and $225,000, some BTCBULL tokens are burned, lowering the general provide. Best Pockets, their accomplice platform, handles the technical aspect of distributing Bitcoin rewards to token holders.
The mixture of Bitcoin rewards and token burns creates an fascinating construction for BTCBULL. As Bitcoin rises in value, holders can profit from each the airdrops and the reducing token provide. The undertaking hyperlinks its success immediately to Bitcoin’s efficiency, making it an uncommon entry within the present crypto market.
Learn additionally: If You Invest $1,000 in XCN and SOLX Today, Here’s How Much You Would Have in 2 Months
Disclaimer: CaptainAltcoin doesn’t endorse investing in any undertaking talked about on this article. Train warning and do thorough analysis earlier than investing your cash. CaptainAltcoin takes no accountability for its accuracy or high quality. This content material was not written by CaptainAltcoin’s staff. We advise readers to do their very own thorough analysis earlier than interacting with any featured corporations. The data offered is just not monetary or authorized recommendation. Neither CaptainAltcoin nor any third social gathering recommends shopping for or promoting any monetary merchandise. Investing in crypto property is excessive-threat; contemplate the potential for loss. Any funding choices made primarily based on this content material are on the sole threat of the reader. CaptainAltcoin is just not answerable for any damages or losses from utilizing or counting on this content material.
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