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XRP weekly chart triggers massive buying opportunity

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Although the larger part of the cryptocurrency sector is trading in the red this week, the temporary setback might represent a massive opportunity to accumulate some of its assets, particularly XRP, which seems to getting ready to start an upsurge lasting at least one week. As it happens, XRP’s TD Sequential indicator, which generally points at potential trend reversals and continuation patterns, is signaling a ‘buy’ on the weekly chart for this cryptocurrency, as per the Analysis shared by crypto trading expert Ali Martinez in an X post published on February 6. Indeed, according to the renowned crypto analyst’s observations, such a chart pattern context suggests that XPR is preparing for an “upswing lasting one to four weeks.” Hence, this might be an ideal time to buy before the price inevitably increases. XRP price action analysis. Source: Ali Martinez XRP price analysis As things stand, the XRP token is currently changing hands at $0.503, recording a decline of 0.49% in t...

Rising M2 money supply will see crypto become 'supermassive black hole': Raoul Pal

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Historically, the cryptocurrency market has benefited from the rise in global money supply as the majority of the bull runs in the past coincided with the rise in fiat supply. The rising M2 money supply could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start of the crypto bull run. Pal, in an X( formerly Twitter) post, shared a graph comparing Bitcoin’s (BTC) yearly performance against the global M2 money supply, indicating the simultaneous rise of Bitcoin and global M2 supply. Historically, the Bitcoin and cryptocurrency market has started outperforming the traditional financial market with a rise in global M2 supply. Bitcoin vs Global M2 supply. Source: Global Macro Investor The chart above shows that Bitcoin’s price is on the verge of decoupling from the traditional mark...