xrp secret informant just revealed all xrp holders will be extremely rich soon xrp news today the ongoing q4 has brought significant profits to the crypto market the overall market cap of the crypto space now stands at 2.505 trillion dollars with 13 percent gains however with rising bitcoins dominance beyond 45 percent most other altcoins experienced a slight pullback today we're going to talk all about why all xrp holders will be extremely rich soon so watch the video till the end because today's video is going to be the bomb welcome to xrp vault your daily dose of xrp if you're interested in everything around xrp this is the place for you subscribe if you want to stay updated with all the xrp news predictions and stay one step ahead in the crypto world make sure to hit the like button for us to provide you with more xrp news don't forget to enable all notifications to join our weekly cash giveaway pinned in the comments before we get to our topic let's take a look at the chart and see what the price of xrp is doing on the 30th of october shall we ripple xrp price saw a pennant formation complete on wednesday with a bearish outbreak with global markets on the back foot yesterday bears had the support of global sentiment in that bearish outbreak bears got quickly rejected on the blue descending trend line that has been exceptionally well respected since august 15th xrp price quickly came off that blue descending trend line around 93 cents and today sees xrp bulls re-testing 1.05 dollars with this move bears are getting hurt quite severely and look to have stepped into a bear trap bulls now need to squeeze the bears out of their short positions enabling the price to quickly pop towards 1.25 dollars now let's get back to the topic sentiment a blockchain analytics business predicts that the price of xrp ledger's native asset xrp will rise based on two metrics on twitter santaman claims that an increase in the number of addresses on the xrp network as well as an increase in social media mentions indicate that xrp's value may climb xrp is gaining traction on social media and our data shows that in the month of october there was a considerable increase in the number of addresses communicating on the hashtag xrp network historically these divergences have always resulted in price increases according to the blockchain analytics firm bitcoin's recent price rise to a new all-time high boosted address activity as address activity now visits over 1 million addresses at a fairly regular rate it's a great indication that addresses are continuing to interact with the btc network on an expectedly regular basis to justify prices bitcoin's mean dollar invested age declined in the wake of the flagship cryptocurrencies all-time high demonstrating that markets can and will survive according to sentiment the measure determines the average age of all bitcoins based on when they were purchased for most coins the start of q4 has been extremely positive although the price of xrp was seen trading in the red in the last 24 hours it has flipped its downward trend from the previous week at the time of recording xrp is trading at 1.06 dollars up 4.17 in the last 24 hours and about 11.36 for the month of october on the other hand despite the sec's investigation underway xrp price has risen by about 4.37 percent over the last seven days moreover ripple net is planning to facilitate enhanced cross-border payment solutions to users and the ecosystem is also planning to include nfts on the xrp ledger in order to encourage them given the rapid growth of non-fungible token sales ripple's desire to dab into the sector is understandable nft sales have rocketed in 2021 even though september saw a setback from the august statistics it still came in as the second highest grossing month for nfts the accumulated sales totaled over 450 million dollars ripple also caught the nft fever on september 29th the company announced the launch of a 250 million dollar fund to support nft projects the creator fund will provide financial and technical support to developers looking to craft nfts on the xrp ledger monica long the general manager of the global payment platform ripple x commented on the news citing the new opportunities nfts could bring while nfts have opened the door for a tokenized future actually navigating these concepts is a different ball game for many by starting with marketplaces and creators our fund seeks to take the guesswork out of nft projects to unlock unexplored tokenization use cases on the xrp ledger said the executive the factors listed above lead to believe there are gains ahead for xrp and q4 the sec versus ripple lawsuit is not over yet but each positive hearing for the company affects the xrp charts moreover the nft sales are still going strong if developers pay more attention to the xrp ledger the latter will have a foray into the profitable nft sector interestingly ripple announced a collaboration with nelnet renewable energy a reputed solar company on october 12 2021 to further help the world go eco-friendly they're jointly investing 44 million dollars ripple price has broken cup and handle pattern in one day chart the start of the day was not so good for altcoins as cell pressure was massive with large red candles the price almost dipped below the major support level of 85 cents however as the asset found its strong support around 60 cents a significant number of green candles started to soar with a surge in buy rate and hence completing the cup pattern later the xrp price continued to form the handle pattern finding support between 1.25 to 1.30 the altcoin has a strong potential to surpass major resistance between 1.5 to 1.65 dollars if it follows the pattern which could further take the price to two dollars on the contrary the asset could settle down between support levels of 88 to 99 cents collectively ripple price is poised to break out at a crucial resistance as the altcoin is preparing itself for new ventures price action could be extremely bullish provided scc's lawsuit could soon take a turn in favor of xrp and if traders fall for any speculations or fuds then the asset could see a huge pullback however sec cleared both leading cryptos bitcoin and ethereum in 2018 following its ex-chair william hinman's claim that they're not securities since then the regulator has been claiming that mr hinman's speech reflected his personal opinion and not the agency's official position in the recent court hearing judge sarah netburn ordered the sec to submit a series of documents for review the documents relate to the sec's meetings with law firms and contain an email chain with a third party seeking the regulator's help analyzing its digital asset the mentioned documents could prove that mr hinman's speech reflected the official stance of the governmental agency thus strengthening ripple's defense after the news release xrp price spiked almost 20 percent as the digital asset reflects the wins and losses in the courtroom there is a basis to believe it will benefit from the ripple favoring developments in the case moreover a popular crypto analyst moon lambo believes ripple might follow bitcoin's trend referring to bitcoin's three times increase from 2017.

Analysts predicted that if the sec lawsuit turns in favor of xrp then it has the strong potential to go up by three times in the coming days if that happens the assets price will be around 10 and the total market cap will go beyond 460 billion dollars which will be more than ethereum's market cap than it is now that's all for today in the end we would like to mention that this is not a channel intended specifically to provide financial advice and we do not ask you to invest in any company this is merely a channel directed towards bringing educational content to your doorsteps with that in mind before you invest in anything we recommend you do thorough wide spectrum research on the topic well that's it for today's video guys and make sure to subscribe and give us a thumbs up see you next time on xrp vault bye good you

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