What to Know:
The Fed’s rate cut failed to lift crypto markets, as the move was likely fully priced in.
XRP price prediction points to the $2.70 resistance. A strong breakout could pave the way to $4.50 short term and $15 long term.
Investors are backing Bitcoin Hyper ($HYPER) as the next 1000x crypto to ride the wave of utility-driven altcoins.
In hindsight, a sell-off after yesterday’s rate cut decision does make sense. After all, over 98% of market participants anticipated the cut – and when a move is that widely expected, there’s simply no fuel left behind it.
Not to mention, Powell definitely spooked investors by saying that a December rate cut is ‘not a foregone conclusion.’
With the FOMC meeting behind us, focus now shifts to pure price action, especially in the case of XRP, which is trading in a crucial zone.
On the 2-day timeframe, XRP’s July run-up came after the breakout of a clean and long-standing descending triangle pattern – according to which the token’s next target should’ve been around $4.50.
However, $XRP topped out near $3.60 and has since fallen over 30%, now trading around the $2.50 mark.
Sure, while this ‘drop’ has effectively completed a successful retest of the breakout trendline, the token now faces the $2.70 level on its way back up.
This particular level (blue box), mind you, has become an important resistance zone for $XRP.
However, some short-term volatility notwithstanding, $XRP’s long-term picture looks incredibly bullish.
In November last year, $XRP broke out of a descending triangle on the monthly chart – marking a major, potentially once-in-a-lifetime breakout.
After a sharp 230%+ rally in November alone, $XRP has mostly moved sideways, suggesting we could be witnessing a long-drawn consolidation phase before the next leg up – potentially toward $15.
Sounds unrealistic? It’s actually far from it. Just look at XRP’s history on the charts.
In 2017, $XRP soared 22,000% following the breakout of a similar consolidating triangle. If anything, 2018-2024 consolidation was longer than the one that preceded 2017’s bull run.
So, there’s a high likelihood we’re in the early stages of yet another moonshot rally.
Here’s the kicker now: if you plan to keep XRP in your long-term portfolio but also want to capitalize on the growing momentum behind utility altcoins, consider adding a low-cap altcoin like Bitcoin Hyper ($HYPER).
What Is Bitcoin Hyper?
Bitcoin Hyper is a next-gen Layer 2 solution aiming to solve Bitcoin’s long-standing issues of sluggish speeds, high costs, and lack of support for Web3 and DeFi.
Unlike most Layer 2 networks, $HYPER integrates the Solana Virtual Machine (SVM) instead of the Ethereum Virtual Machine (EVM).
This gives it the unique ability to execute thousands of transactions in parallel – as long as they’re unrelated to each other.
This breakthrough will finally bring Bitcoin up to modern blockchain standards – something that’s long overdue, given Bitcoin currently processes just 7 transactions per second (TPS), while Solana handles an impressive 65K TPS.
Learn more about what is Bitcoin Hyper and why it’s being hailed as the next 1000x crypto.
$HYPER Brings Web3 to Bitcoin
Bitcoin Hyper will also allow developers to build smart contracts and decentralized applications (dApps) directly on Bitcoin, all while maintaining the network’s world-class security.
In simple terms, buying Bitcoin Hyper means unlocking access to high-speed DeFi trading apps, NFT marketplaces, lending, staking, borrowing, and gaming dApps, all on the Bitcoin network.
And $HYPER’s non-custodial canonical bridge will act as the gateway to this never-before-seen Web3 environment on Bitcoin. It will:
- Securely lock in your Layer 1 Bitcoin, which you’ll send to a designated address monitored by the bridge.
- Mint an equivalent amount of wrapped tokens on Bitcoin Hyper’s Layer 2 network.
- Once you’ve completed your interaction on Web3 and initiated a withdrawal, it’ll release your original Bitcoin back to your Layer 1 wallet address.
Get the Most Out of $HYPER – Buy It Now While in Presale
Bitcoin Hyper ($HYPER) has already raised over $25.2M from early investors, which is proof that it could become the next crypto to explode.
After all, consider what $HYPER could mean for Bitcoin’s longevity. It could transform the biggest crypto in the world from merely an investment opportunity into a full-blown blockchain brimming with modern technology.
Interested? Right now is the absolute best time to join the $HYPER tribe. That’s because it’s currently in presale, meaning it’s available at one of its lowest-ever prices – just $0.013195 per token.
Take a look at our detailed step-by-step guide on how to buy Bitcoin Hyper.
Even better, according to our $HYPER price prediction:
- It could soar 550% by the end of 2026, reaching a high of $0.08625.
- HODLers, meanwhile, can see even higher returns, as $HYPER can hit $0.253 by 2030 – a mind-boggling 1,800% ROI from current levels.
Ride the Bitcoin Web3 wave – grab your $HYPER tokens today!
Disclaimer: Crypto investments are highly risky, so kindly invest only after doing your own research. This article is not financial advice.
Authored by Elena Bistreanu, NewsBTC – https://www.newsbtc.com/news/xrp-price-prediction-after-rate-cut-why-hyper-could-be-next-1000x-crypto
