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XRP Available to Banks in the US, JP Morgan Expands Investments in Blockchain, XRP Community Hopeful

XRP Available to Banks in the US

Ripple’s XRP cryptocurrency has the possibility of being used by major banks in the US. Renowned crypto lawyer John E. Deaton stated that banks can use XRP through Ripple’s ODL (On Demand Liquidity) system after a lawsuit with the US Securities and Exchange Commission (SEC). ODL is a system used for international payments and Ripple uses XRP without making the transaction directly. The SEC notes that XRP describes itself as computer code that carries no value. Currently, the price of XRP is over $0.5 and excitement about the possibilities for future use continues.

JPMorgan Expands Investments in Blockchain

JP Morgan, the largest US bank, is developing a blockchain-based deposit token aimed at speeding up international payments. This new digital currency will enable fast and low-cost transactions. JP Morgan has largely completed the infrastructure for this project, but is awaiting approval from US regulators. The token will be compatible with JP Morgan’s previously launched JPM Coin and will expand the bank’s blockchain efforts.

XRP Community Hopeful

Ripple’s Chief Technology Officer (CTO) David Schwartz confirmed that Ripple will be making major announcements regarding a party in New York. Speculation in the XRP community suggests that these announcements could include the resolution of the ongoing legal dispute with the US Securities and Exchange Commission (SEC) and an Initial Public Offering (IPO) plan. There is also hope that XRP will hit a new all-time high price during the celebrations. However, as David Schwartz confirms, only two of these scenarios will materialize.

BITCOIN(BTC)
Bitcoin is priced at $ 26,238 with an increase of 1.8% as of today morning hours. We see that there are movements towards improvement in Bitcoin compared to yesterday. As we follow the DXY, it seems that we will continue to see corrections in Bitcoin with the strengthening of the USD.

ETHEREUM(ETH)
With an increase of 2.25% as of morning hours, ETH is priced at $ 1637. Ethereum, just like Bitcoin, has also moved upwards compared to yesterday. The critical level in Ethereum is 1605, and in case of a break, there is a level of 1550.

RIPPLE(XRP)

XRP is priced at $0.5038, up 1.36% as of morning hours. We see that XRP remains below the 200-day moving average. If 0.51 is broken after the 200-day MA in Ripple, which realized a horizontal movement and remained below 0.51 after exceeding the support zone, we can target 0.5250 and then 0.55 levels.

AVALANCHE(AVAX)

AVAX is priced at $10.04 with a 1.25% increase in value as of morning hours. As we mentioned in the previous days, with the exceeding of the 10 dollar zone in AVAX, the new target is 10.50 levels.

SOLANA(SOL)

SOL is pricing at 19.87 with a 0.95% increase in value as of morning hours. If it rises above $ 20, $ 21 levels will be our first target point. The $ 19 level is an important support in downward breakdowns.

Risk Disclosure
Cryptocurrency assets have higher volatility compared to traditional financial instruments and involve various unique risks. There is no guarantee or commitment regarding the prices at which transactions will be executed. Therefore, before deciding to trade on ICRYPEX, you must fully understand, assess, and consider all potential risks you may encounter. The opinions, news, research, analyses, prices, or other information provided on ICRYPEX's official website, trading application, or social media platforms are general market commentary and do not constitute investment advice. ICRYPEX is not responsible for any losses incurred as a result of investments made based on such information.

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