THIS IS GONNA BE A BIG WEEK
WEDNESDAY: US CPI AND CORE CPI DATA
THURSDAY: US PPI AND CORE PPI DATA
FRIDAY: FED CHAIR KEVIN WARSH SPEECH
THIS WEEK IS GOING TO BE VERY VOLATILE.
IF ECONOMIC DATA COMES IN FAVOUR, THE MARKET COULD SEE A RALLY.
$330M liquidated in 24h — longs ate $230M of it as BTC failed $87K and cracked $82,700.
That's a 2.3:1 long/short ratio. Positioning stayed tilted long into the drop, not flat.
How many more squeezes before funding actually flips negative?
#TokenBot#Bitcoin $TBOT
How XRP will reach $300
Shortly after the clarity law is enacted, banks will start using XRP. Those who say XRP will rise slowly or only reach $5 or $10 view banks like grocery stores joining the system one by one. However, Ripple has already partnered with giant infrastructure providers like Volante, ACI Worldwide, and FINASTRA.
The reality is that these infrastructure providers serve thousands of banks with a single update. In other words, Ripple does not need to sign individual contracts with 13,000 banks. The moment they plug into the central cloud, all banks connected to the system become capable of using XRP liquidity.
Therefore, "it will take years" claims represent a failure to understand the speed of the software world. XRP is a payment transfer system.
If XRP remains at $10-$20, it would be like trying to transfer the water in the ocean with a small straw. The straw needs to grow, and large pipes are required. Therefore, as the price increases, the pipes expand and the transfer becomes much faster.
🚨 ETH Technical Update
$ETH is showing strength on weekly & 2D charts.
Previous $2.3K-$2.4K resistance is now support, with price holding above $2.4K-$2.5K.
If support holds, next target: $3.1K-$3.4K.
Losing support could lead to more consolidation.
DYOR, NFA
#ETH