“The history of XRP cryptocurrency listings begins in 2018, a pivotal year for Ripple (the company behind XRP),” Drozdz tells Forbes Advisor. Ripple’s launch of the xRapid product was a defining moment, ushering in a new era where XRP cryptocurrency aimed to revolutionise money transfer, including within the banking system. Love it or loathe it, XRP has cemented itself as a prominent player in the crypto market. Ranked seventh by market capitalisation, XRP has held a spot among the top-ranking cryptocurrencies for more than 10 years. To the extent any recommendations or statements of opinion or fact made in a story may constitute financial advice, they constitute general information and not personal financial advice in any form.
These key events highlight Tap’s ongoing efforts to innovate and expand its services, solidifying its position as a leader in the fintech and cryptocurrency sectors. Tap’s crypto-as-a-service model further extends its utility by offering businesses the tools to create and manage their own tokens. This service simplifies the process of token creation, making it accessible to a broader audience and fostering innovation within the blockchain space.
- Hailing from the bustling metropolis of Metro Manila, Philippines, Eleanore Hatta is BizTech Africa’s trusted crypto news correspondent.
- However, due to an appeal filed by the SEC, applications for these funds were put on hold.
- At present, XRP could be forming a triangle pattern, which typically signals a period of consolidation before a breakout.
- Tap’s crypto-as-a-service model further extends its utility by offering businesses the tools to create and manage their own tokens.
- If the project were to reform significantly to drive value to the XRP token, there is every chance that XRP could soar to new highs.
Long-term Tap price prediction for 2025, 2026, 2027, 2028, 2029, 2030 and 2035
- The user-friendly interface and connection with conventional financial services can make it a worthwhile choice for new cryptocurrency investors.
- Crypto analyst Ali Martinez revealed in a recent X (former Twitter) post that whales have bought another 40 million XRP in the last 24 hours.
- This chart shows long-term XTP crypto price prediction for the next several years 2025, 2030, and 2040.
- Therefore, while it has the potential to rally quickly, it can also drop just as fast.
- Uniswap V3 (Ethereum) is the most popular exchange option for trading XTP tokens that boasts a trading volume of $9,497.35 for the last 24 hours and the most active trading pair XTP/WETH.
- Tap produces its own wallet software that is available for download on its website, which allows you to store Tap on your computer.
Despite this dip, the token’s larger trend suggests a potential setup for significant movement, with bullish signals still dominating the long-term outlook. This article is not an endorsement of any particular cryptocurrency, broker or exchange nor does it constitute a recommendation of cryptocurrency or CFDs as an investment class. Trading in contracts for difference (CFDs) is riskier than conventional share trading, not suitable for the majority of investors, and includes the potential for partial or total loss of capital. You should always consider whether you can afford to lose your money before deciding to trade in CFDs or cryptocurrency, and seek advice from an authorised financial advisor. In 2021, as the entire cryptocurrency market was caught in a bull market frenzy, XRP again provided significant returns to investors who got in at the right time.
Days Historical Data
Coinbase quickly made its move, but other prominent exchanges are proceeding with more caution. Currently the third-largest meme coin in the crypto space, $PEPE has shown signs of recovery with a 3% increase in the last 24 hours and a series of green candles suggesting renewed momentum. XRP’s utility in facilitating efficient international transactions can influence demand and, consequently, its price. Additionally, regulatory developments and the outcome of legal cases, such as those with the SEC, play a significant role in shaping investor confidence and XRP’s value. This legal battle has been a significant factor in XRP’s performance, with developments closely watched by investors and the wider crypto community. “The district court granted a partial victory to Ripple, finding that the sale of XRP to retail investors did not violate securities laws.
Tap Support and resistance levels
As of December 30, 2024, the overall price prediction sentiment for Tap is NEUTRAL , with 0 technical indicators showing bullish signals and 0 indicating bearish signals. To simplify the latest XTP price prediction, we have divided the prediction by short term Tap price prediction and long term Tap price prediction. Today, the trading volume of Tap has gone down by -3.97% in the past 30 days.
Even if XRP is used to settle payments, the xtp coin price prediction value of XRP does not affect the system’s functionality, as the payments are settled in fiat value. This means that the payment can still be sent as usual whether XRP is $1 or 1 cent, providing little incentive for positive price action. The recent winning streak against the SEC has already created a ripple effect, pardon the pun, on its price. However, the trend back to the baseline price before the ruling indicates that the market thinks the project might not be out of the woods just yet. “Cryptocurrencies, in general, are driven largely by news, popularity, and in the case of XRP, court decisions,” says Drozdz.
The partnership underscores Tap’s commitment to innovation and its strategic approach to creating a more interconnected financial environment. Tap operates on a blockchain that employs advanced cryptographic techniques to ensure the integrity and security of transactions. This blockchain is decentralized, meaning it is not controlled by any single entity, which helps prevent attacks from bad actors. Each transaction is verified by multiple nodes (computers) in the network, making it extremely difficult for anyone to alter the transaction history. This decentralized verification process is a key feature that protects the blockchain from fraud and hacking attempts.
The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data.
Additionally, the app allows users to send any crypto asset to anyone in the world for free, with the recipient able to use the asset instantly. This Mastercard, available to EU and UK residents, allows users to seamlessly manage both fiat and cryptocurrency transactions. Tap (XTP) is a versatile cryptocurrency platform that aims to simplify the financial experiences of its users. One of its primary applications is providing a seamless way to manage both fiat and cryptocurrencies in one place. By integrating traditional banking services with cryptocurrency, Tap offers a unique solution that caters to a diverse range of financial needs.
Rumors are already swirling that BlackRock, the world’s largest asset manager with $12 trillion under management, is eyeing XRP for its portfolio. Even a small allocation from such a financial giant could trigger a massive rally. Moreover, at least four firms, including WisdomTree and Bitwise, have filed applications for XRP-focused exchange-traded funds (ETFs). The recent success of Bitcoin ETFs shows how transformative such products can be for digital assets. A price move up from here could target the $2.59 level, which represents a typical resistance point. If XRP reaches this level, it might face challenges breaking through and could form a consolidation before moving higher.
This means users can deposit fiat currency into the Tap app and trade various cryptocurrencies on different exchanges using a single app and a single KYC (Know Your Customer) process. This streamlined approach simplifies the trading process and makes it more accessible to a broader audience. Tap (XTP) is a multifaceted cryptocurrency platform designed to streamline the management of both fiat and digital currencies. As a super app, Tap integrates traditional banking features with cryptocurrency functionalities, offering users the ability to send, receive, and manage money and crypto assets seamlessly. The platform’s collaboration with TapiX enhances its utility by simplifying spending and providing instant cashback through the Tap Card. Tap’s price action is driven by supply and demand, influenced by factors like block reward halvings, hard forks, and protocol updates.
When the price falls below the lower band, it may indicate that the asset is oversold and a buy signal. Historically the price of XTP last day of December was above the open price two times out of 3, and 1 out of 3 the price was lower than the price at the start of the month. The best month for Tap has been May for the last three years, two times the price of XTP at the end of May was higher than the price at the start of the month. The worst month is July, two times out of 3, the price at the end of July was lower than starting price. The 200-day SMA is calculated by taking tap’s closing prices in the last 200 days, adding them together, and dividing the total by 200. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.
However, concerns exist about XRP’s necessity in Ripple’s payment system, as transactions can be settled in fiat value regardless of XRP’s price. For banks to widely adopt XRP, improvements in the token’s design and utility within the system may be necessary to demonstrate clear advantages over existing methods. This advice highlights the need for prospective investors to consider their own risk tolerance and financial goals carefully. There are also concerns about using XRP in Ripple’s cross-border payment system. The currency is largely redundant and potentially isn’t necessary for the payments system to function.
Uniswap V3 (Ethereum) is the most popular exchange option for trading XTP tokens that boasts a trading volume of $9,497.35 for the last 24 hours and the most active trading pair XTP/WETH. An oscillator is a technical analysis tool that sets high and low boundaries between two extremes, creating a trend indicator that fluctuates within these limits. Traders use this indicator to identify short-term overbought or oversold conditions.