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XRP traded relatively strongly for most of the week, with bulls taking control following a lackluster performance last week. Notably, with Bitcoin back in price discovery mode, XRP seems to be emerging from a prolonged period of stagnation. For nearly seven years, the asset traded within a consolidation triangle pattern, but it broke out earlier in December, signaling a shift in momentum. According to CoinMarketCap data, XRP, the third-largest cryptocurrency by market cap, has surged by approximately 146% over the past month. Its market capitalization has risen by nearly $60 billion, reaching around $160 billion this month alone, as investors have increasingly flocked to the asset. This surge is further supported by data from IntoTheBlock, which shows that whales have accumulated over 830 million XRP in the past 24 hours, signaling growing confidence in the asset, as highlighted by crypto analyst Ali Martinez. Additionally, XRP’s growth potential is bolstered by the launch of Ripple USD (RLUSD) stablecoin globally, a significant milestone for both the XRP Ledger and Ripple. As Ripple CEO Monica Long explained, RLUSD enters the $70 billion payments flow market, benefiting from over a decade of industry expertise, strict NYDFS compliance, and a strong advisory board. With its credibility and utility, RLUSD is set to strengthen XRP’s position in the cryptocurrency space. Given these developments, analysts are predicting even greater surges for XRP. In a recent tweet, popular crypto analyst “The Charting Guy” highlighted XRP’s breakout from a seven-year-long consolidation pattern dating back to 2017. As he explained, he had been anticipating this moment all year before an even larger move unfolds. “I was ignoring that XRP and most lagging altcoins do nothing until BTC breaks out in real price discovery, not a fake breakout like March.” The pundit wrote. According to him, XRP’s breakout is now precisely following the 2017 fractal pattern, with a predicted price target of $8 by January. After a period of consolidation, he noted he anticipates XRP could reach $26 by September 2025, assuming the pattern continues to align as expected. On a shorter timeframe, analyst Ali Martinez pointed out a potential bullish flag setup, noting that XRP has been consolidating within this bull flag for some time. He believes that once XRP clears the $2.60 resistance, it could soar toward $4. XRP traded at $2.7 at press time, reflecting a 13.77% surge in the past 24 hours.

Pressure building more and more. Like a ball being held underwater; it eventually skyrockets higher. #Bitcoin

Author: jk, Odaily Planet Daily This morning around 6 AM Beijing time, Argentine President Javier Milei posted a tweet on his official X account that shook the market: he announced the launch of the Meme coin Libra and revealed the related smart contract address. Once the news broke, the market reactions were very diverse, some people thought the Argentine president's account was hacked, while some Meme players rushed into the market (the old players have been sufficiently educated that authenticity doesn't matter). Previous reports indicated that the price of LIBRA briefly surpassed $7.8, with a total market cap reaching $3.5 billion at one point. Soon after, Milei's Instagram account also posted a screenshot of the same tweet, quickly dispelling the theory of hacking (as the likelihood of both Instagram and X accounts being hacked simultaneously is very low), further intensifying the market's attention on Milei's coin launch. However, the subsequent market trend slapped all investors in the face. Unlike the longer rising cycles of Trump Coin and Melania Coin, Libra followed the classic route of cutting leeks. After rising above $4, Libra began to plummet like a waterfall: it fell from $4 to around $2, then encountered a brief plateau around $1, finally dropping to about $0.16 now. It can be said that Libra is now completely done for. Subsequently, the president himself deleted that tweet and claimed he "didn't know much about the project." The trend of Libra, source: GeckoTerminal According to President Milei's tweet a few hours ago, the project associated with Libra (Project Viva La Libertad) mainly aims to promote the Argentine economy by funding small projects and local businesses, supporting those who seek to develop enterprises and contribute to the country's development. The project's website also indicates that any private enterprise in Argentina can apply for investment by filling out a form. At the bottom of the website, a small line states that the project is a private initiative, developed by Kip Protocol. Later, Kip Protocol also emphasized that the LIBRA token is part of the "Viva la Libertad" project, which is entirely operated by private enterprises, and that Argentine President Milei was not involved in its development. While investors were cut, it inevitably means that someone profited. Who are the ones profiting? Data points to the team behind it and early speculators. According to blockchain analysis platform LookOnChain, eight wallets associated with the LIBRA team have cumulatively cashed out 57.6 million USDC and 249,671 SOL (approximately $49.7 million) through liquidity addition, liquidity removal, and transaction fee collection, totaling $107 million. As for early speculators and insider trading, on-chain data analyst Yu Jin monitored that insiders of LIBRA profited at least $20.18 million. This address operated in the hours before the tweet was released, withdrawing USDC and SOL from CEXs like Binance, Bybit, and Kucoin to prepare funds; they bought in the first second after the Argentine president's tweet was posted; and sold off in batches after the market pushed LIBRA up. Among them, at least three addresses operated in unison. Thus, the anger of investors is currently mostly directed at Kip Protocol; it's no wonder they posted on the X platform stating, "Libra is a success." Tweet, source: Kip Protocol X It is still unclear whether the team behind Libra only refers to Kip Protocol. Meanwhile, some netizens have dug up that Kip Protocol may also have certain connections with Animoca, but Animoca immediately clarified that it has no relation to the issuance of Libra tokens. At the same time, some community members pointed out that a significant number of investors rushed in initially because the token address for Libra could be searched on Moonshot. However, this was actually a misunderstanding; unlike Trump, which was officially certified and could be searched and purchased, the LIBRA token was not officially certified by the Moonshot platform but was displayed using the platform's latest "token registration feature." The Moonshot platform allows users to search for projects via contract addresses but does not verify them, and it has a risk warning on the page. If one only searches for the name Libra, it cannot be found. Additionally, against the backdrop of severe market fluctuations, Solayer team member Chaofan Shou posted on the X platform that he and team engineer @tonykebot lost over $2 million in LIBRA trading, along with a list of core members of KIP Protocol, hinting that action might be taken. Shou also captioned: "Let's see what two hackers and a free weekend can bring us."

Valentine’s Day is all about expressing love and appreciation for your partner, and what better way to do that than with a gift that keeps on growing? While flowers wilt and chocolates get eaten, cryptocurrencies have proven to be a long-term store of value, with many seeing their worth increase significantly over time. If you’re looking for a unique and forward-thinking Valentine’s gift, consider giving the gift of crypto! Here’s how you can make it happen. One of the most thoughtful ways to introduce your loved one to the world of digital assets is by sending them cryptocurrency. Here’s how you can do it: Your partner will now have their very own crypto, a gift that could appreciate over time! If you want to give your partner a secure way to store their digital assets, a hardware wallet like the Trezor is an excellent choice. A hardware wallet ensures that your partner’s crypto remains safe from cyber threats and unauthorized access. This ensures that your Valentine’s gift is not only meaningful but also sets your loved one up for financial security in the digital age. This Valentine’s Day, go beyond the usual gifts and surprise your partner with a forward-thinking present—cryptocurrency. Whether you send them BTC or secure their holdings with a Trezor wallet, you’ll be giving them something that has lasting value. Love is timeless, and with crypto, so is your gift!

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