Analyst Who Called XRP Price Surge At $0.5 Says Surge To This Level Is Coming

Crypto analyst Crypto Michael, who called the XRP price surge when it was trading at $0.5, has predicted the altcoin’s next move. Based on his prediction, XRP is set to sustain its current bullish momentum and possibly rally to a new all-time high (ATH) soon with a breakout above $3.  Analyst Predicts XRP Price Surge Above $3 In an X post, Michael predicted a second parabolic rally once the XRP price breaks the psychological $3. The analyst made this prediction while revealing that he had called this current XRP rally while the altcoin was still trading at $0.5. Indeed, last year, he stated that a historic breakout was incoming for the altcoin.  Related Reading: XRP Price Outperforms Bitcoin, Ethereum As Strange Signal Emerges, Why The Target Is $4 Back then, he highlighted a unique 7-year-long bull pennant that had formed for the XRP price. Based on that bullish pattern, the analyst remarked that market participants might be about to witness one of the most significant breakouts in crypto history. XRP eventually broke out and became the second-best-performing asset among the top 10 cryptos by market cap in 2024.  Crypto analyst CasiTrade recently stated that the XRP price could witness an explosive move above $3 if it breaks and holds above $2.69. This means the projected parabolic rally for XRP above the $3 mark could happen soon. This rally could send the altcoin above its current ATH of around $3.84.  Crypto analyst Ali Martinez also suggested that the XRP price will unlikely encounter any major resistance as it targets a run to a new ATH. In an X post, he cited Glassnode data as he revealed that XRP has no major resistance clusters ahead. Meanwhile, the analyst noted that the key support zone is $2.38.  A Rally To Double Digits In This Cycle? Several crypto analysts have predicted that the XRP price can rally to double digits in this market cycle. In an X post, Pepa stated that the plan stays the same for XRP. His accompanying chart showed that he expects the altcoin to rally to as high as $30 by year-end or the start of next year.  Related Reading: XRP Price To Rally To $6: Partially Completed Wave 5 Says Theres Still Room To Run Crypto analyst CrediBULL Crypto also recently alluded to a previous analysis in which he predicted that the XRP price would reach $28 by year-end 2025. This move is expected to mark Wave 5 on his Elliott Wave Theory analysis. Similarly, analyst Egrag Crypto stated that XRP will reach between $27 and $33 in this cycle. Crypto analyst Mikybull Crypto offered a more conservative target, predicting that the altcoin will reach between $4 and $6 in this cycle.  At the time of writing, the XRP price is trading at around $2.52, down almost 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image from Getty Images, chart from Tradingview.com

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XRP Price Rejected At Resistance: Why $2.69 Holds The Key

XRP is facing a strong resistance level on its path to the $3 price level and above, with the past 24 hours witnessing some sort of rejection at this resistance level. XRP price action has gradually built momentum in May, leading to a sharp move toward the upper $2.60 range. On May 12, XRP briefly touched $2.63 before retreating slightly, now trading around $2.57. Directly ahead is the major resistance at $2.69, and technical analysis shows that this zone now holds the key to whether XRP can continue its march toward $3.00 or undergo a pullback for consolidation.  $2.69 Resistance Is Technical For XRP Price Crypto analyst CasiTrades has highlighted the $2.69 price point as an important resistance level for the XRP price moving forward. According to the analysts chart, which accompanied a post on social media platform X, this level represents the 0.236 Fibonacci retracement from XRPs all-time high and is a key level to watch for correction.  Related Reading: XRP Price Marks Confluence Support, Technical Indicators Put Next Stop At $3 Notably, this zone has led to multiple retracements since December 2024, with each attempt seeing sellers quickly step in to defend it. It even proved difficult to break when XRP broke to reach $3.3 in January, and an order block was created on the daily candlestick timeframe just before the ensuing rally above it. As noted by the crypto analyst, momentum indicators have remained relatively muted during XRP’s recent rally. The crypto has also completed what appears to be a full 5-wave Elliott count from the analyst. However, instead of a retracement, the price has pressed forward slowly alongside the rest of the crypto market. This slow, controlled push higher often signals strong underlying demand, strong trend, and heavy accumulation. As it stands, the only thing left to do is to see how the XRP price performs at the $2.69 resistance. Breakout Or Rejection: Two Opposite Outcomes With High Impact The analyst warns that the $2.69 level could be a final barrier before XRP is cleared for a run toward $3.00 and beyond. A confirmed breakout, ideally with a strong daily candle close above this level, would invalidate short-term bearish pressures and cause a run above this level. Related Reading: XRP Price Still On Bullish Path To $5 As Long As This Level Holds However, if $2.69 once again proves too strong for bulls to overcome, the altcoin may enter a temporary cooling-off phase. In this case, the next logical support level is around $2.30, which is close to the 0.382 Fibonacci retracement level. This is another breakout/rebound zone that could offer a healthy reset for the XRP price.  In either scenario, the price behavior at $2.69 is expected to set the tone for the rest of May and determine whether XRP can extend its 2025 bullish trend. At the time of writing, XRP is trading at $2.57, up 4% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

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This Analyst Correctly Called The XRP Price Crash, Here Are The Next Targets

Crypto analyst Joao, who correctly predicted the XRP price crash, has revealed the altcoin’s next targets. Based on his latest prediction, more pain could lie ahead for XRP, which could still drop below $1.  What’s Next For The XRP Price After The Crash Below $2 In a TradingView post, Joao stated that a long-term distribution phase could be the most chaotic scenario for the XRP price following its crash below $2. Through his accompanying chart, the analyst illustrated a radical distribution scheme that could potentially extend into late 2025.  Related Reading: XRP Price Chart Flashes Inverse Head And Shoulders Pattern That Could Trigger Rally To $3.9 Joao remarked that the XRP price could first show a sign of weakness, dropping below the COVID dump levels, possibly close to $0.10. As that plays out, XRP could follow the Scheme 1 or 2 trajectory. For Scheme 1, the analyst predicts that XRP would drop to $0.1 and then bounce back to $0.4, which is the last point of supply.  On the other hand, if Scheme 2 plays out, he predicts that the XRP price could spike between $5 and $6.8, with an average peak around $5.5 to $5.7, which would likely trigger extreme euphoria. Joao warned that this is just one of the insane possibilities and that XRPs price action will depend heavily on Bitcoin, market makers, supply and demand, public interest, and the macro market.  Crypto analyst John also recently warned that the XRP price retracement could deepen to mid-2024 levels, with the altcoin dropping to the Fib price level of $0.3827. The analyst highlighted a bearish engulfing that formed on XRPs weekly chart in late March, which is why he believes that the altcoin could still drop to these lows.  Meanwhile, crypto analyst Egrag Crypto stated that based on an ascending broadening wedge, there is a 70% chance of a downside breakout and a 30% chance of a move to the upside. He claimed that the measured move for the downside breakout for the XRP price is $0.65.  $1.90 Has Become Resistance For The Altcoin In an X post, crypto analyst CasiTrades revealed that $1.90 has become a major resistance to the XRP price. She noted that the altcoins price fell to around $1.61 following the Black Monday crash on April 7. This low is said to have made new extremes on the RSI across the market, and it was just shy of major support.  Related Reading: XRP Flashes Descending Trendline, Why A Surge To $4 Is Still In The Cards The XRP price has since rebounded to test the $1.90 level, which CasiTrades affirmed is a major resistance at this point. She remarked that the next support is $1.55, the golden .618 retracement. The analyst added that this price action is exactly what sets up the kind of Wave 3 that breaks through all-time highs (ATHs).  In line with this, CasiTrades claimed that if the XRP price bottoms near $1.55, it would actually strengthen the bullish case for a rally to between $8 and $13 this month. She believes that XRP would easily break the resistance around its ATH on this Wave 3 and possibly send it to as high as $13.  At the time of writing, the XRP price is trading at around $1.8, up over 10% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com

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What Happens When You Try Automating Crypto Trades with Grok 3? Find Out Here!

Automated Cryptocurrency Trading with Grok 3 Automated cryptocurrency trading is gaining popularity among investors looking for a more hands-off approach to managing their digital assets. Grok 3 is a cutting-edge platform that offers automated trading strategies to help users optimize their trading activities efficiently. By leveraging advanced algorithms and real-time market data, Grok 3 provides [...]

The post What Happens When You Try Automating Crypto Trades with Grok 3? Find Out Here! appeared first on Crypto Breaking News.

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XRP Price Shoots For 20% Surge To $2.51 Amid Pullback To Breakout Zone

The XRP price is eyeing a surge of 20% as it looks to reach a major resistance zone at $2.50, providing a bullish outlook for the altcoin. This projection comes amid XRPs pullback to retest the breakout zone, with a confirmation of this breakout likely to lead to new highs.  XRP Price Eyes 20% Surge To $2.51 In a TradingView post, crypto analyst Liam indicated that the XRP price could soon rally to the key resistance level at $2.15803. The analyst highlighted $2.29387 and $2.40995 as the other key resistance levels for the altcoin. Meanwhile, he mentioned that $2.18880 and $2.08373 are the key support zones to keep an eye on.  Related Reading: Crypto Analyst Says XRP Is Dead Sentiment Is A Lie, Reveals The Truth Liam also commented on the current XRP price action and what needs to happen for the altcoin to reach this $2.51 target. He noted that the altcoin recently broke above a key consolidation range but is now pulling back to retest the breakout zone. If the support between $2.18880 and $2.08373 holds, then the altcoin could initiate a strong bullish rally towards the resistance zones, with $2.51803 as the major target.  The crypto analyst advised market participants to closely monitor price action around the retest zone. He claimed that a strong bullish rejection from support could offer a high-probability long opportunity toward the higher targets.  The XRP price currently boasts a bullish outlook, with the broader crypto market witnessing a reversal from recent lows. XRPs fundamentals also support a price. CME Group recently announced plans to launch XRP futures contracts in May, while ProShares Trust XRP ETF could launch soon, which would also provide institutional investors with exposure to the fourth-largest crypto by market cap.  $2.24 Is Also A Major Resistance To Keep An Eye On Crypto analyst CasiTrades suggested that $2.24 is another major resistance level to keep an eye on for the XRP price.  She noted that this level has been a key focus for weeks. XRP recently broke above this level as it surged to $2.27 but faced strong rejection, and is now looking to retest $2.24 as resistance. Related Reading: XRP Vs. Bitcoin: Ripple Drops Bombshell On Which One Is Better CasiTrades asserted that price remains vulnerable to deeper support until it can reclaim and close above $2.24. On the bullish side, the analyst claimed that this is a critical area that needs to be respected to keep bullish momentum intact. Crypto analyst Dark Defender assured that XRP will continue to climb to the top. His accompanying chart showed that the altcoin could reach as high as $8 in this market cycle.  At the time of writing, the XRP price is trading at around $2.28, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

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Crypto Analyst Says XRP Is Dead Sentiment Is A Lie, Reveals The Truth

Crypto analyst 589Bull has asserted that the XRP is dead narrative is a lie. The analyst went further to reveal the truth and explain why market participants should be bullish on the altcoin, despite the current price action. Why XRP Is Not Dead Despite Current Price Action In an X post, 589Bull stated that the idea that XRP is dead is a lie. Instead, he stated that the truth is that the altcoin is being embedded in the next financial system. The crypto analyst further remarked that Ripple is building the rails, digitizing liquidity using XRP, mapping corridors, and bleeding retail so that only institutions, bots, and insiders are positioned.  Related Reading: XRP Vs. Bitcoin: Ripple Drops Bombshell On Which One Is Better In line with this, he advised retail investors not to chase hype, or beg for dates, or flinch as the trick isnt timing when the switch flips for XRP. Instead, he believes the trick is surviving the lie long enough to cash out on the truth. Simply put, 589Bull is confident that the altcoin will still experience a massive surge and is therefore advising market participants to hold and not get shaken out.  589Bull also answered the question on why XRP has the most fundamentals in its history and is still down 30% from its 2025 high. He remarked that the answer is simple, as price isnt the truth. Instead, he believes that the price is the trap, possibly to shake out the weak hands before the altcoins surge to new all-time highs (ATHs). The analyst claimed that they are not trying to reward early holders but rather shake them out.  He further stated that while retail investors are watching red candles, they are launching futures, likely alluding to the Teucrium XRP ETF, which just launched. 589Bull added that the institutions are also listing international ISINs, onboarding banks to DLT corridors, and filing ETF applications in the background. The analyst asserted that this is a game of perception and that the louder the fear, the quieter the setup.  The Clock Is Ticking For The Altcoin In an X post, crypto analyst CasiTrades stated that XRPs setup hasnt changed, but the clock is ticking. She explained that the altcoin remains in the same range, as there havent been any new highs or lows.  Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? However, the analyst noted that the altcoin has attempted a breakout alongside the Bitcoin price but stalled at the 0.618 retracement level, which is a common level for exhaustion. She added that the rejection came fast, and now the momentum is pulling XRP back to support.  Meanwhile, CasiTrades also asserted that nothing about the bigger picture has changed. She stated that the current price action reinforces her belief that XRP will need to sweep major support levels, such as $1.90 and $1.55, before it is ready to break out. The analyst added that this should not continue to drag on as momentum in crypto shifts very quickly.  At the time of writing, the XRP price is trading at around $2.07, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

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Kraken Acquires TradeStation Crypto

The crypto exchange Kraken has acquired TradeStation Crypto, the digital asset-focused division of online brokerage TradeStation, to support its expansion efforts in the United States, Coindesk reported.

However, the closing date of the acquisition and other details remain unclear as neither company has announced anything officially. The financials of the deal have not been revealed.

Krakens Push in the US

We can confirm Kraken has recently purchased TradeStation's crypto business, a Kraken spokesperson wrote in an email confirming the acquisition to the crypto-focused publication. This transaction is part of our efforts to accelerate our US presence and will support further growth and new product opportunities for Kraken in the US.

Indeed, Florida-based TradeStation Crypto holds money transmitter licenses in 47 states in the US, Washington DC, and Puerto Rico, according to the Financial Crimes Enforcement Centers database. These licenses are necessary for running crypto exchange operations and registrar businesses in compliance with federal laws in the US.

A Global Expansion Plan

Headquartered in San Francisco, Kraken is focused on its expansion, both domestically and internationally. In Europe, the exchange recently obtained multiple licenses, including regulatory approval in Spain and Ireland. Furthermore, the American exchange acquired BCM, a Dutch crypto exchange, late last year to expand its presence in continental Europe.

Recently, Kraken expanded its services with the launch of a self-custodial cryptocurrency wallet. The exchange also offers a dedicated platform to its institutional clients, along with custodial solutions.

Meanwhile, Kraken is facing regulatory backlash. The US securities regulator has charged the exchange with illegally operating an unregistered securities exchange, broker, dealer, and clearing agency, and with mixing customers money and crypto assets with its own.

Interestingly, TradeStation Crypto settled with the Securities and Exchange Commission earlier this year by paying $1.5 million for offering crypto lending products, which were categorised as unregistered securities.

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Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions

On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain. Bitgo’s New Solution Allows for Safe Sending of Ordinal Inscriptions Bitgo has announced a new storage solution [...]

The post Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions appeared first on Crypto Breaking News.

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XRP Wave 4 Count: Why $2.66 Is The Most Important Level To Beat

Crypto analyst Egrag Crypto has discussed the possibility of the XRP price witnessing another corrective move. He revealed the price level that XRP needs to stay above to avoid further downside pressure and rally to the upside.  XRP Needs To Stay Above $2.66 To Avoid Corrective Move  In an X post, Egrag Crypto stated that if XRP fails to close above the $2.65 to $2.70 range, it wont negate the wave 4 move and will likely lead XRP down to the 5th wave. His accompanying chart showed that the altcoin could drop to as low as $1.7 on this corrective move, breaking the crucial $2 support level in the process. The analyst had previously highlighted this $2.65 as being critical for a bullish breakout.  Related Reading: XRP Price Ready To Bounce Back Above $3 If Bulls Can Hold This Level Egrag Crypto alluded to the fact that the US SEC was finally dropping its long-running lawsuit against Ripple, which is typically bullish for XRP. The analyst admitted that it was a significant win for long-term adoption and utility, reinforcing the belief in the altcoins use. However, he added that the focus has to be on the numbers and charts in the short term.  In line with this, he remarked that a close above $2.66 would be a good sign, followed by another close above $2.97 as a second bullish confirmation. He asserted that the ultimate confirmation for a bullish trend would be a close above $3.40, which is XRPs current all-time high (ATH). A close above $3.40 would lead to the next target between $5 and $8.  Crypto analyst CasiTrades also echoed a similar sentiment, stating that XRP needs to break above $3.40 to confirm a new trend. Until then, she remarked that market participants will have to wait for signs of confirmation, which may not be obvious until wave 3 in the market cycle. Before now, the analyst affirmed that the market is on the edge of a breakout, and this week could be a defining moment, which already looks to be the case with the Ripple SEC lawsuit.  A Rally To $5 Already In Play Crypto analyst Dark Defender suggested that an XRP rally to $5 was already underway after the SEC decided to drop the Ripple lawsuit. His accompanying chart showed that XRP could witness a breakout to the $5 target. The altcoin will first rally to around $4.4 on wave 3, then correct to $3.7 on wave 4 before the rally to $5.6 on wave 5. Related Reading: XRP Price Retraces Gains From Sunday Rally, This Important Support Level Could Be The Defining Factor Meanwhile, crypto analyst CrediBULL Crypto raised the possibility of XRP dropping below $2 and reaching $1.7 before any parabolic move to the upside begins. He predicts that the altcoin will rally to double digits regardless of how the price action plays out in the short term.  At the time of writing, the XRP price is trading at around $2.45, up over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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XRP Price Breakdown below $2: Analyst Reveals Next Major Support

Crypto analyst MadWhale has raised the possibility of the XRP price experiencing a breakdown below the crucial $2 support level. The analyst also revealed the next major support if XRP drops below this support level.  XRP Price Could Drop To $1.90 If It Loses $2 Support In a TradingView post, MadWhale predicted that the XRP price could drop to the major support at $1.90 if it loses the psychological $2 level. He noted that XRP has demonstrated a classic triple-top formation, with each successive peak showing weaker momentum. In line with this, the analyst asserted that a break below the 42 threshold appears imminent as XRP nears a formidable resistance zone.  Related Reading: XRP Price Retraces Gains From Sunday Rally, This Important Support Level Could Be The Defining Factor MadWhale further stated that the downward move is expected to extend to at least $1.9, representing an 18% decline. The analyst added that such a price decline aligns with the primary target and a key daily support level. Crypto analyst Ali Martinez had also suggested that XRP could drop to as low as $1.2 if it loses the $2 support.  The analyst revealed that the XRP price was forming a head-and-shoulders pattern on the weekly chart, which puts the $2 support level in the spotlight. His accompanying chart showed that the crypto could drop to $1.2 if it breaks below $2. However, despite this bearish outlook, other crypto analysts, such as Egrag Crypto, have highlighted some positive aspects of the XRP price.  Egrag Crypto stated that the XRP prices dominance was showing tremendous strength and predicted that if it successfully closed above Fib 0.5, it could soon rally to the Fib 0.888 level. Crypto analyst Dark Defender predicted that XRP could rally to a new all-time high (ATH) if it continues to hold the crucial support levels at $2.04 and $2.22. The Altcoin Still In Waiting Mode Crypto analyst CasiTrades stated that the XRP price is holding strong but is still in waiting mode. She added that the bullish structure remains intact, with the altcoin holding above $2.26, which is the key .382 retracement support. The analyst noted that XRPs price has spent some time flipping the consolidation to support, indicating that markets are setting up for the next move. Related Reading: Analyst Shares Upper And Lower Targets For XRP Price The crypto analyst revealed the $2.70 and $3.05 resistance levels and $2.25 support level as the key levels to watch. She remarked that the XRP price needs to flip $2.70 and $3.05 to become support for the confirmation of the next wave up. Meanwhile, CasiTrades suggested that XRP risks dropping to as low as $1.54 if it loses the lower support support at $1.90.  The crypto analyst also mentioned that the price needs to break above $3.40, its current ATH, to confirm a new trend. Until then, the wait for signs of confirmation continues, which she claimed may not be obvious until wave 3 in the market cycle. CasiTrades asserted that key Fib levels have been breached, and the market is on the edge of a breakout.  At the time of writing, the XRP price is trading at around $2.29, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com

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XRP Price Face Major Resistance At $2.9, Why This Analyst Believes $20 Is Still Possible

Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will eventually break this resistance and rally to as high as $20.  XRP Price Faces Resistance At $2.9 But Could Still Rally To $20 In a TradingView post, ElmoX outlined two scenarios for the XRP price as it eyes a rally to $20, although he noted that the crypto will retest the major resistance at around $2.92 either way, on its way to a new all-time high (ATH).  For the first scenario, the analyst stated that XRP would break this resistance and then skyrocket to $20.  Related Reading: XRP Price Can Fall Further To $1.5 If This Level Fails To Hold Meanwhile, in the second scenario, ElmoX stated that the XRP price could face another rejection, sending it below the $1.5 level before it witnesses a bullish reversal and rallies to a new ATH. The analyst revealed that he is betting on this second scenario since there is usually a swift crash before an impulsive move to the upside.  ElmoX remarked that the XRP price has barely corrected, which is also why he believes there could still be a massive crash before a rally to a new ATH. Meanwhile, the analyst didnt provide an exact timing for the potential price correction and subsequent rally to a new ATH and the $20 price target.  Instead, he simply told market participants to be patient. He further warned that the XRP price might sit in price discovery until at least mid-July. His accompanying chart showed that XRP will first drop to as low as $1.20 before it witnesses an impulsive move to as high as $20.  The Altcoin Records A Bullish Close In an X post, crypto analyst CasiTrades noted that although the XRP price briefly broke below the $2 trendline, the candle closed back above this trendline, reclaiming the consolidation range. She remarked that this is exactly what bulls needed to see. However, the analyst added that a confirmation is needed with XRP holding the range between $2 and $2.03 as support.  Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge CasiTrades stated that a breakdown from consolidation usually leads to further downsides, but the XRP price managed to recover the level quickly, showing that buyers are stepping in. She also noted that the bullish divergence is still holding up to the 1-hour RSI even after the dip with selling pressure weakening, which suggests a shift in momentum is possible.  If the XRP price holds the support between $2 and $2.03, CasiTrades predicts that the crypto could bounce and rally toward $2.25 and $2.70. On the other hand, if XRP loses this level, she stated that the next major support sits at $1.90 which is the 0.5 Fibonacci retracement level. Meanwhile, there is also the possibility that XRP could drop to the 0.618 Fib retracement level at $1.54.  At the time of writing, the XRP price is trading at around $2.10, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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Crypto Traders: Are They All ‘Gonna Make It’?

Crypto Traders will make bold predictions about Bitcoin and the cryptocurrency market, but which crypto traders can you trust?

Continue reading Crypto Traders: Are They All ‘Gonna Make It’? at DailyCoin.

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Wall Street giant DTCC launches private blockchain platform for faster trades

According to a press release made today, the New York-based post-trade financial services company, The Depository Trust & Clearing Corp. (DTCC), which processes all trades in the US stock market, has launched a private blockchain project called Project Ion aimed at settling trades more quickly for clients.

The DTCC acts as the counterparty for the majority of trades in the US and it supports the entire public securities market.

Project Ion was first created as a pilot program in 2020 before moving to the development phase in September of the same year.

As of now, Project Ion processes an average of more than 100,000 bilateral equity transactions per day in a parallel processing environment using distributed ledger technology. On a peak day, the transactions processed by the blockchain can go to as high as 160,000 transactions per day.

Project Ion is designed to support end-of-day (T+0) settlement cycles leveraging blockchain technology.

At the moment, stock market trades across the stock markets take an average of two days to settle. The Securities and Exchange Commission (SEC) has however proposed speeding the transactions up in February in the wake of the highly volatile meme stock market.

Last year, Robinhood (HOOD) CEO Vlad Tenev said that the introduction of the T+0 settlement would go a long way in preventing volatile markets like AMC Entertainment Holdings Inc (NYSE:AMC) and GameStop Corp (NYSE:GME),.

The DTCC’s blockchain project is however private and permissioned unlike many popular blockchain networks like Ethereum and Bitcoin. DTCC is developing the project in collaboration with the likes of Citi (C), Charles Schwab (SCHW), Barclays (LON:BARC), Citadel Securities, Credit Suisse (CS), BNY Mellon (BK), and software provider R3.

The software provider R3 provided Project Ion with Corda distributed ledger technology (DLT) software.

The post Wall Street giant DTCC launches private blockchain platform for faster trades appeared first on Invezz.

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The XRP Price is About to Go Wild! (Biggest Conspiracy Theory in Crypto) | BitBoy Crypto Interview

Will the XRP price go up in 2022? Is Ripple losing against SEC? Today we are joined by Ben of BitBoy Crypto to talk bitcoin, cryptocurrency, altcoins, & more! Subscribe to BitBoy: https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g All persons in this video are not financial advisors. The conversations are only opinions. Investing in cryptocurrency is very risky. DYOR. Follow […]

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LooksRare Trading Volume Accounts for 95% Of Wash Trades

LooksRare platform users are selling tokens to themselves to help gain incentives in the form of extra coins. The platform has swiftly become the biggest NFT marketplace by trade volume. During the height of the NFT boom, two anonymous co-founders — Zodd and Guts — started the platform in January as a competitor to industry […]

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Goldman Sachs Sets Eyes on Ethereum: What Changed?

The growing number of investment banks’ clients are shifting to ETH.

Continue reading Goldman Sachs Sets Eyes on Ethereum: What Changed? at DailyCoin.com.

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TradeSanta Crypto Trading Bot Integrates Bybit Exchange

TradeSanta, an online platform for automated algorithmic trading for cryptocurrencies, integrates the popular Bybit exchange announced in a recent partnership. Users of the popular TradeSanta platform can now connect their Bybit accounts to trade for them using TradeSanta’s algorithmic trading automatically. Bybit exchange is one of the top 8 spot exchanges worldwide, serving over 6 […]

The post TradeSanta Crypto Trading Bot Integrates Bybit Exchange appeared first on NullTX.

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TradeStation Launches Its Crypto Offering in Puerto Rico

The American online broker, TradeStation announced on Thursday that residents from Puerto Rico are now eligible to apply for crypto accounts on the platform.

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Infinite money hack — reversing your trades!? Buy = Sell. Sell = Buy

Most people lose money trading, so the theory goes — if you could place the opposite of their trades, would that turn you into an unstoppable money-making machine? Maybe the question hits closer to home, maybe you yourself are the best test-subject for this theory. I know I definitely am when it comes to day-trading. […]

The post Infinite money hack — reversing your trades!? Buy = Sell. Sell = Buy appeared first on Automated Cryptocurrency Trading.

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Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades – Altcoins Bitcoin News

Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economy’s $167 billion market valuation represents 6.68% of the entire $2.49 trillion crypto market economy. Stablecoin Issuance Jumps 3.5% There’s a great number of stablecoins […]

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