🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
Draw Now 👉 https://www.gate.io/activities/creditprize?now_period=10
🌟 How to Earn Growth Points for the Draw?
1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
2️⃣ Complete tasks like post, comment, and like to earn Growth Points.
🎁 Every 300 Growth Points to draw 1 chance, win MacBook Air, Gate x Inter Milan Football, Futures Voucher, Points, and more amazing prizes!
⏰ Ends on May 4, 16:00 PM (UTC)
Details: https://www.gate.io/announcements/article/44619
#GrowthPoints#
#精品内容# Ripple Coin Warning of Major Correction: Is XRP in Danger?
Be Careful Despite the Recent Ripple Surge
The first scenario places XRP’s market cap at around $116.67 billion, while the second scenario is more bearish, predicting a valuation of just over $60 billion.
In essence, both figures imply a drop from XRP’s current market cap of around $121 billion, which is $2.09 per token.
Brandt’s analysis is based on a technical pattern he previously identified on the XRP price chart.
According to him, this formation resembles a classic head and shoulders pattern, which usually signals a trend reversal. If that happens, XRP could fall to $1.07.
Brandt added that a move below $1.90 would confirm the pattern and likely trigger a sharp correction of more than 50%. However, a break above $3 could invalidate the bearish view.
“XRP is forming a textbook head and shoulders pattern. So we’re stuck in a range right now. I wouldn’t want to be short above $3,000. I wouldn’t want to be short below $1.9,” Brandt explained.
This cautious forecast comes after a remarkable rise in XRP’s price since late 2024.
Following Donald Trump’s return to the White House, the token surged by over 300% to $3.28 before falling back to its current level.
This price performance has led many investors to believe that the Trump administration’s friendlier approach to digital assets could continue the asset’s rally.
A key catalyst was the Securities and Exchange Commission’s (SEC) decision to drop some of its lawsuits against crypto companies, including Ripple.
This shift has reduced regulatory uncertainty, rekindling interest in XRP and resulting in the launch of exchange-traded funds (ETFs) focused on the product.
Another factor contributing to the momentum was Ripple’s launch of its own stablecoin, which aims to tap into a growing segment of the digital asset market.
Still, Brandt’s warning suggests that XRP’s recent rally may not be sustainable if bearish pressure increases.
Ripple Not Rushing to IPO Despite Industry Trend
Amid renewed interest in XRP’s performance, Ripple CEO Brad Garlinghouse has responded to growing speculation that the company will go public.
In a recent video shared by Garlinghouse, he made it clear that Ripple is not planning to file for an IPO in 2025.
He noted that the company is financially stable and is prioritizing product development and business expansion, and that it is not actively seeking external financing.
“Are we going to go public in 2025? I think that’s a definite no… We’ve said that we have no plans to go public anytime soon,” Garlinghouse said.
While the company is not moving forward with an IPO this year, Garlinghouse has not completely closed the door.
He noted that Ripple is evaluating whether going public would be beneficial to the business in the long term. However, such a move is not a priority at the moment.
“You have to ask yourself, OK, how does Ripple benefit from being a public company? And is that a high priority for us?” he said.
Garlinghouse also hinted that the regulatory environment, especially under new leadership at the SEC, could impact Ripple’s future decisions.
His comments come amid claims that several crypto firms are preparing for IPOs. For now, however, Ripple appears content to remain private until conditions become more favorable.