Ripple Labs is buying $1B worth of XRP, and this could create buying pressure and trigger a bull market. But on the other hand, technical analysis suggests that Ripple has reached a “death cross”, a pattern that initiates downwards movements, triggering a bearish setup that could drop the price by 30%.
Meanwhile, investors and traders are injecting capital into DeepSnitch AI, an early project now in stage 2 and is already pumping, raising more than $440,000 in record time. With over 26% gains for early backers, this could be the next crypto to moonshot, mixing crypto with artificial intelligence.
Ripple Labs plans to buy $1 billion in XRP tokens
Ripple Labs announced on October 17th that it plans to purchase 1 billion XRP tokens to create a “digital treasury.” This investment would be made through a fundraising campaign. The goal would be to provide greater stability to the token’s price, but also to offer new financial solutions using XRP.
There are currently over 4.5 billion XRP in circulation and 37 billion tokens locked in escrow. This new purchase of 1 billion tokens would reduce the circulating supply to 3.5 billion. This could be good news for XRP hodlers because in the long term, it could trigger a shock supply.
Also on October 16, Ripple acquired corporate treasury management firm GTreasury for
$1 billion as part of its business acquisition strategy to expand its operations. The deal provides the company with infrastructure to manage digital assets held in corporate treasuries, including stablecoins and tokenized deposits.
DeepSnitch AI: New crypto presale signaling 100x potential?
DeepSnitch AI is an innovative platform that will use advanced artificial intelligence to make market insights accessible to everyone. Now in stage 2 of its presale, it presents a unique chance to invest in an early project that combines the best technology with huge growth potential.
It has five AI agents designed to protect traders by tracking whale wallet activity, a tool that traders will be able to use for scoping out on-chain data, finding alpha news, and evaluating contract risk.
In addition to these advanced analytics, DeepSnitch AI allows users to participate in staking, where they can lock up their tokens to earn extra rewards, encouraging loyalty and helping to strengthen the community.
Right now, DeepSnitch AI presale is sitting at just $0.01915 after raising $430K in days, and early buyers will get access to each feature as it rolls out. This entry now, in the long run, could mean a position to 100x in a real-world use case project.
XRP forecast: A Death cross can make the price drop 30%
On October 17th, sellers temporarily pulled XRP below the support zone at $2.30.
This has made XRP enter a critical phase that could signal a possible death cross. This would be bearish for long-term XRP hodlers as it may lead to further drops on top of about 24% current monthly losses.
If XRP’s price starts to rise instead, sellers will likely try to stop the bounce around the 20-day EMA ($2.63). If they succeed, it would show that market sentiment is still bearish, increasing the chances of the price falling below $2.30 or even lower to $1.60.
So, XRP price prediction in this case would be a 30% drop from current price levels.
On the other hand, if buyers manage to push the XRP above the 20-day EMA, the upward move could continue. This is a key level for bears to defend, because if bulls break through it, it could signal a shift in momentum. In that case, the XRP price might rally up to $3.38.
Bitcoin: Demand may help restart the bullish momentum
On October 17th, Bitcoin fell to around $106,860, continuing a downward trend that could take it to $100,000. But although many traders are pessimistic about Bitcoin’s momentum, those buying the dip could push BTC back into bulls’ territory.
This level would be important to help BTC take a breather, capture more liquidity, and then initiate a new upward movement. This chart suggests that once oversold conditions are reached, Bitcoin could stage a strong rebound similar to previous post-correction rallies.
Also, long-term investors continue to view these current levels as part of BTC’s broader growth trajectory, showing that this could be a pattern that keeps repeating itself, always breaking out in the direction of new highs. If this is confirmed, BTC price will reach a new ATH by the end of 2025.
Conclusion
While Bitcoin tries to take advantage of the demand zone to seek liquidity and begin a new upward move, XRP is experiencing a critical moment due to a possible death cross, which could lead to a bearish XRP price prediction in the next few weeks.
Meanwhile, DeepSnitch AI, now in the presale phase, offers a better opportunity. With over $430k raised at only $0.01915, the earliest backers have already pocketed over 26% gains.
But more importantly, DeepSnitch AI combines crypto with AI to give token holders access to a suite of five snitches. Combined in a customizable dashboard, this could become the best AI tool of the decade, which is why many are betting on DeepSnitch AI as a potential 100x crypto moonshot this cycle.
Visit the official website for more information.
FAQs
What is the significance of Ripple’s $1 billion XRP acquisition?
Ripple Labs plans to acquire $1 billion in XRP tokens is a strategic move to establish a digital asset treasury, signaling strong confidence in XRP’s long-term utility and value.
This could positively impact the XRP price and its market stability.
What is the XRP price prediction for 2025?
Despite Ripple’s new investments, the possibility of a death cross occurring and triggering a bearish momentum is real. This could drop the token’s price by 30%.
Why is DeepSnitch AI considered a 100x opportunity?
Because it is an undervalued altcoin ready to surge. DeepSnitch AI is in its early presale stage, allowing investors to acquire tokens at a significantly lower price before launch on exchanges.
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