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Economic Times
15-07-2025
- Business
- Economic Times
XRP price alert: Analyst sees massive 60% rally incoming. What is XRP and how can you buy it?
Veteran chartist Peter Brandt sees a potential 60% rally toward $4.47 in the coming months for XRP. XRP is a cryptocurrency and remains one of the top-traded cryptocurrencies by market cap. It has gained traction over the recent years can also be used by investors who enjoy speculating on price movements. Tired of too many ads? Remove Ads What is XRP? Tired of too many ads? Remove Ads How can you buy XRP? A veteran trader has seen a potential 60 percent rally toward $4.47 in the coming months, according to CoinTelegraph report. According to veteran chartist Peter Brandt, XRP is preparing for a major price his latest XRP chart update, Brandt highlights a 'highly rare continuation compound fulcrum' setup forming on the XRP/USDT weekly price chart, asserting that its resolve could push the pair up by around 60% to $4.47. Peter Brandt's prediction comes at a time when XRP posted its strongest weekly performance since late November, rising around 25% in the week ending July 13 amid broader crypto market strength.-XRP, created by Ripple, is a cryptocurrency which has gained massive traction in the cryptocurrency space due to its speed, efficiency and use in cross-border payments. Like Bitcoin serves as a store of value, XRP was made to facilitate quick and cost-effective transactions.-XRP was launched in 2012 to improve payments across the globe. It serves as a bridge currency that permits financial institutions to transfer money across borders with minimal fees and almost instant settlement times, according to BankRate.-XRP is used for peer-to-peer payments on the XRPL due to fast block times, high throughput and quick transactions.-While XRP is used by investors to extract profit from market fluctuations, Ripple integrates XRP into its payment platform to facilitate transactions between financial institutions and businesses. Ripple is a digital payment company from the same founders.-XRP is pre-mined and has a total supply of 100 billion tokens. XRP is more cost-effective, has faster transaction times, and is less energy-intensive than Bitcoin.-XRP utilizes a burning mechanism unlike traditional transaction fees. XRP is seen a massive surge in recent times owing to several factors such as possible inclusion in a national cryptocurrency reserve, Trump's pro-crypto stance, expanding network utilization and hopes of XRP-exchange traded funds being approved in 2025.-On March 26, XRP had a market cap of $140 billion, according to CoinMarketCap, making it one of the most popular cryptocurrencies in the world.-Major financial institutions worldwide such as Santander, Standard Chartered, and Travelex Bank have endorsed Ripple's technology to transact globally.-You can buy XRP on several exchanges, such as Bitstamp, Kraken, Huobi Global, and Coinbase. Many of the best crypto exchanges and apps trade XRP. XRP is a cryptocurrency that can be used as a payment method or as a way to speculate on price prices, including XRP, can be highly volatile and carry a substantial risk of loss. Before investing, it's wise to consult a financial advisor to assess how XRP fits into your portfolio and whether it aligns with your risk tolerance
Time of India
14-07-2025
- Business
- Time of India
XRP price alert: Analyst sees massive 60% rally incoming. What is XRP and how can you buy it?
Veteran chartist Peter Brandt sees a potential 60% rally toward $4.47 in the coming months for XRP. XRP is a cryptocurrency and remains one of the top-traded cryptocurrencies by market cap. It has gained traction over the recent years can also be used by investors who enjoy speculating on price movements. You can buy XRP on several exchanges, such as Bitstamp, Kraken, Huobi Global, and Coinbase Tired of too many ads? Remove Ads What is XRP? Tired of too many ads? Remove Ads How can you buy XRP? A veteran trader has seen a potential 60 percent rally toward $4.47 in the coming months, according to CoinTelegraph report. According to veteran chartist Peter Brandt, XRP is preparing for a major price his latest XRP chart update, Brandt highlights a 'highly rare continuation compound fulcrum' setup forming on the XRP/USDT weekly price chart, asserting that its resolve could push the pair up by around 60% to $4.47. Peter Brandt's prediction comes at a time when XRP posted its strongest weekly performance since late November, rising around 25% in the week ending July 13 amid broader crypto market strength.-XRP, created by Ripple, is a cryptocurrency which has gained massive traction in the cryptocurrency space due to its speed, efficiency and use in cross-border payments. Like Bitcoin serves as a store of value, XRP was made to facilitate quick and cost-effective transactions.-XRP was launched in 2012 to improve payments across the globe. It serves as a bridge currency that permits financial institutions to transfer money across borders with minimal fees and almost instant settlement times, according to BankRate.-XRP is used for peer-to-peer payments on the XRPL due to fast block times, high throughput and quick transactions.-While XRP is used by investors to extract profit from market fluctuations, Ripple integrates XRP into its payment platform to facilitate transactions between financial institutions and businesses. Ripple is a digital payment company from the same founders.-XRP is pre-mined and has a total supply of 100 billion tokens. XRP is more cost-effective, has faster transaction times, and is less energy-intensive than Bitcoin.-XRP utilizes a burning mechanism unlike traditional transaction fees. XRP is seen a massive surge in recent times owing to several factors such as possible inclusion in a national cryptocurrency reserve, Trump's pro-crypto stance, expanding network utilization and hopes of XRP-exchange traded funds being approved in 2025.-On March 26, XRP had a market cap of $140 billion, according to CoinMarketCap, making it one of the most popular cryptocurrencies in the world.-Major financial institutions worldwide such as Santander, Standard Chartered, and Travelex Bank have endorsed Ripple's technology to transact globally.-You can buy XRP on several exchanges, such as Bitstamp, Kraken, Huobi Global, and Coinbase. Many of the best crypto exchanges and apps trade XRP. XRP is a cryptocurrency that can be used as a payment method or as a way to speculate on price prices, including XRP, can be highly volatile and carry a substantial risk of loss. Before investing, it's wise to consult a financial advisor to assess how XRP fits into your portfolio and whether it aligns with your risk tolerance
Economic Times
07-06-2025
- Business
- Economic Times
Gold selloff on jobs euphoria is misguided? Peter Schiff says rebound coming
Stocks gain, gold slides Live Events 'Those trades will reverse' Gold's case remains intact (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The sharp drop in gold prices and concurrent rally in equities following the May U.S. jobs report on Friday reflect a misreading of economic fundamentals and will likely unwind, according to economist Peter Schiff . The longtime gold advocate said investors are overreacting to headline payroll figures while ignoring signs of underlying labour market a post on microblogging site X (formerly Twitter), Schiff wrote, "The stock market is the tail that wags the dog. The labor market is weak. But since the headline number in the May jobs report was not as weak as expected, the stock market rose. As a result, traders bought dollars and sold gold. Those trades will reverse as the headlines fade."U.S. stocks closed higher on Friday, buoyed by a modest upside surprise in nonfarm payrolls , which showed 139,000 jobs added in May, ahead of consensus estimates of 130,000. April's job gains were revised down to 147,000. The unemployment rate held steady at 4.2%, in line with upbeat reaction sent the S&P 500 above the 6,000 mark for the first time since February 21, while technology stocks led gains and Tesla rebounded from its previous session's data also prompted traders to reassess the timeline for Federal Reserve rate cuts , with expectations now pointing to a single reduction in September, rather than an earlier move. This recalibration sent the dollar higher and weighed on gold fell 1.27% to $3,310.58 an ounce on Friday, while U.S. gold futures dropped 1.23% to $3, a vocal critic of Fed policy and fiat currency weakness, argued that markets are reacting to surface-level data while the broader picture remains fragile. 'Those trades will reverse as the headlines fade,' he warned, suggesting that the rush into the dollar and out of gold will prove latest remarks come just weeks after a separate post on X, in which he questioned why central banks around the world continue to accumulate gold rather than Bitcoin.'If gold is the past and Bitcoin is the future, why are foreign central banks that are preparing for a future where the U.S. dollar is no longer the reserve currency, replacing their dollar reserves with gold and not Bitcoin?' Schiff asked in a May 27 post to his one million has repeatedly pointed to record central bank bullion buying, now topping 1,000 metric tons annually, as evidence of deepening global distrust in the U.S. dollar and growing confidence in gold's role as a long-term reserve recent price pressure, Schiff maintains that gold remains well-positioned amid geopolitical tensions, fiscal concerns, and an uncertain Fed path. He views the latest market reaction as a temporary divergence from long-term fundamentals, one that will fade as reality sets the Federal Reserve set to meet later this month, all eyes will be on updated projections and commentary that could either reinforce or undermine the narrative driving recent trades. For Schiff, though, the message is clear: the market's reaction to the jobs data is 'misguided,' and gold's rebound is only a matter of time.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
04-06-2025
- Business
- Economic Times
Bitcoin creator Satoshi Nakamoto may soon be richer than Warren Buffett, and Zuckerberg could be next
Satoshi Nakamoto, Bitcoin's creator, may soon become wealthier than Warren Buffett. A price surge could elevate Nakamoto's fortune. Nakamoto holds a substantial amount of Bitcoin. This holding is currently valued at over $120 billion. Tired of too many ads? Remove Ads Bitcoin's Price Surge Boosts Satoshi Nakamoto's Fortunes A Billionaire Who Never Cashed Out Tired of too many ads? Remove Ads FAQs The mysterious creator of Bitcoin, known as Satoshi Nakamoto , whose real identity is still unknown, will soon overtake the billionaire investor Warren Buffett in wealth and potentially Meta CEO Mark Zuckerberg next, as per a to Bloomberg ETF analyst Eric Balchunas, if Bitcoin continues its historical pace and rises 50% this year, in line with its long-term average, Satoshi's fortune could surpass Buffett's, according to The Street. The pseudonymous creator of Bitcoin is believed to hold approximately 1.096 million BTC, none of which have ever been moved or sold, as per the Bitcoin's current price of approximately $109,874, Nakamoto's holding is worth over $120 billion, ranking him the 11th wealthiest person in the world, and he is now still behind Buffett's net worth of approximately $157.5 billion as of June 2, according to The Street. Nakamoto would need about $37 billion more to exceed Buffett's wealth, given Bitcoin's price and Buffett's assets remain unchanged, reported The READ: Rich Dad Poor Dad author Robert Kiyosaki predicts greatest market crash in history – are you prepared? Balchunas wrote in a social media post that, "It's fascinating to ponder that the founder of something so successful never cashed in," quoted The Street. The analyst also compared the pseudonymous creator of Bitcoin's move to the Vanguard founder, Jack Bogle, who revolutionised investing but didn't pursue maximal personal wealth, as per the Bogle has previously said, "There is nothing for Bitcoin, except the hope that you would sell out to somebody for more than you were paid for," quoted The Street. The Vanguard founder wanted people to avoid Bitcoin "like the plague," reported The is the pseudonymous creator of Bitcoin, as per The Street. No one knows their real identity, it could be one person or a is believed to hold around 1.096 million BTC, mined during Bitcoin's earliest days and never moved, as per The Street.
Time of India
03-06-2025
- Business
- Time of India
Bitcoin creator Satoshi Nakamoto may soon be richer than Warren Buffett, and Zuckerberg could be next
Satoshi Nakamoto, Bitcoin's creator, may soon become wealthier than Warren Buffett. A price surge could elevate Nakamoto's fortune. Nakamoto holds a substantial amount of Bitcoin. This holding is currently valued at over $120 billion. Tired of too many ads? Remove Ads Bitcoin's Price Surge Boosts Satoshi Nakamoto's Fortunes A Billionaire Who Never Cashed Out Tired of too many ads? Remove Ads FAQs The mysterious creator of Bitcoin, known as Satoshi Nakamoto , whose real identity is still unknown, will soon overtake the billionaire investor Warren Buffett in wealth and potentially Meta CEO Mark Zuckerberg next, as per a to Bloomberg ETF analyst Eric Balchunas, if Bitcoin continues its historical pace and rises 50% this year, in line with its long-term average, Satoshi's fortune could surpass Buffett's, according to The Street. The pseudonymous creator of Bitcoin is believed to hold approximately 1.096 million BTC, none of which have ever been moved or sold, as per the Bitcoin's current price of approximately $109,874, Nakamoto's holding is worth over $120 billion, ranking him the 11th wealthiest person in the world, and he is now still behind Buffett's net worth of approximately $157.5 billion as of June 2, according to The Street. Nakamoto would need about $37 billion more to exceed Buffett's wealth, given Bitcoin's price and Buffett's assets remain unchanged, reported The READ: Rich Dad Poor Dad author Robert Kiyosaki predicts greatest market crash in history – are you prepared? Balchunas wrote in a social media post that, "It's fascinating to ponder that the founder of something so successful never cashed in," quoted The Street. The analyst also compared the pseudonymous creator of Bitcoin's move to the Vanguard founder, Jack Bogle, who revolutionised investing but didn't pursue maximal personal wealth, as per the Bogle has previously said, "There is nothing for Bitcoin, except the hope that you would sell out to somebody for more than you were paid for," quoted The Street. The Vanguard founder wanted people to avoid Bitcoin "like the plague," reported The is the pseudonymous creator of Bitcoin, as per The Street. No one knows their real identity, it could be one person or a is believed to hold around 1.096 million BTC, mined during Bitcoin's earliest days and never moved, as per The Street.
