Egrag Crypto’s latest missive reveals XRP’s 3-day chart as a sonnet of bullish resolve, even as consolidation grips the tempo. The price, trapped in a descending channel, now tiptoes toward the $2.30-$2.40 corridor-a decision point where fate and Fibonacci converge.
The crypto market, a fickle beast, kicked off the third week of this month with the kind of momentum that makes even the most grizzled traders raise an eyebrow. The TOTAL market cap swelled by 4.45%, or roughly $130 billion, in one swift move-enough to make a man forget his troubles, at least for a spell. 🤑
If the worst does happen, and the market decides to take its existential nap, it’s crucial to keep your wits-and your investments-intact. Companies wobbling on shaky legs are destined for the dustbin when the storm hits. Conversely, the ones with grit, gumption, and enough cash reserves tend to rebound faster than you can say “buy low, sell high.” And, in that unlikely event, there’s one ETF from Vanguard I intend to cling to like a life raft-because I’ve learned, after enough missteps and market tantrums, that there’s value in steady, quiet resilience.
The paperwork calls it a “Rule 10b5-1 trading plan.” A bureaucratic shrug. Executives sell shares; markets twitch. The world continues.
The volume may sit within Mr. Gilboa’s newly observed pattern, but that presumes we ignore the broader picture. Previous sales have averaged about 85,000 shares-still a significant stake, but this particular sale clears nearly half his direct holdings. It signals not just liquidity but perhaps a subtle signal of his confidence in overextended valuation.
Ripple, the blockchain company that’s basically the Switzerland of digital money, has just managed to get a green light from Luxembourg’s financial watchdogs. This is a small miracle, considering Luxembourg’s bureaucracy is about as efficient as a leaky sieve. The CSSF (who are clearly the real heroes here) handed Ripple a preliminary EMI license, which means it can now inch closer to full regulatory compliance. Not that anyone asked for it, but hey, progress!
According to filings and public statements, the firm aims to use the charter to issue and manage a dollar-pegged stablecoin called USD1, which has grown quickly since launch-perhaps as swiftly as a goldfish with a jetpack. 🐠🚀
S&P Global Market Intelligence says it all: 11% down, folks. A number that makes you question if you’ve accidentally sold your kidney to a shadowy figure on the internet. And the chart? A Jackson Pollock painting if ever there was one. Up, down, sideways-Arm spent most of the year pretending it wasn’t worried about an AI bubble, which, honestly, is like ignoring the elephant in the room… while the elephant texts you passive-aggressive tweets.
The stock’s 28% gain over the past year isn’t just a fluke-it’s a calculated slap in the face to the industry’s outdated playbook. Analysts are now penciling in $69-$78 per share as a price target, which is generous considering the company’s current valuation is still low enough to qualify as “undervalued.” But let’s not get ahead of ourselves. The real story here isn’t the numbers-it’s the sheer audacity of choosing to ignore a market everyone else thought was a sure thing.
It is supposed to let traders lay wagers on digital assets and financial outcomes while employing the same capital across several pursuits, like a clever man who borrows from his own pockets to pay debts on multiple mischievous rides.