Log in

Ecosystem Breakdown

Some Very Interesting XRP News

Updated: Jul 30, 2024
Published: Aug 20, 2020
0
Share:

None of the opinions expressed below should ever be considered financial advice under any circumstances.

Post Feature Image

The Mechanics of Hype

Without lying to ourselves we are all well-aware that this market is heavily hyped-based due to the simple fact that the majority of market participants are inexperienced investors/traders. This means they FOMO and panic pretty easily. Give them some bullish news and they buy up a coin raising prices.. or so they think.

In reality the real profits are generated by those who anticipate the news or find it before it goes mainstream.

First “Coin” now “DeFi”

Back in 2013/14, anyone could create a cryptocurrency give it any name and add the word “coin” at the end and make it into the top largest market caps (fun fact: Dash was originally named DarkCoin). Today it’s DeFi, it’s sort of a “pump by association”.

XRP DeFi? Not really but..

Something came across our desk recently, something called “Flare Networks”. It’s basically a smart-contracts blockchain whose team has been funded by Xpring. Here is their value proposition:

  • Open, permissionless and Turing complete.
  • Token ownership does not confer power over the network.
  • Safety does not rely on unscalable economic incentives.
  • Flare will have a single base unit-of-account that is algorithmically stable in value, generated in part by burning XRP.
  • The network adopts the XRP encryption and address schemes so that both XRP and Flare can be used with a single key, providing a virtually seamless experience for XRP users.

They thankfully do not have a native asset for this blockchain that people can speculate on, it’s honestly a very questionable blockchain because of the second and third points. A network that does not incentivize honest validators is either centralised or awaiting to be hacked by malicious users. The fourth point, the burning of XRP for this so-called stablecoin, is bullish because it decreases the XRP supply but unless this scales the burned coins won’t represent much.

BUT, and this is the point behind the post there is a narrative in here. They are offering DeFi products and are offering to wrap XRP tokens and put them on the Flare Network calling them “FXRP” to potentially farm some coins. This DeFi narrative, if/when announced by Ripple themselves or on their team will very likely cause some sort of short-lived pump.

Technical Analysis

We are taking a chance here on XRP, one with calculated risk. In order to do so, we conferred with the charts.

aligncenter size-full wp-image-16784

After having finally broken out of this long descending channel, price has hit $0.30. Now it has reclaimed support [$0.275-$0.30]. “IF” this area is not broken, we are maintaining a long targeting $0.45. If not, then $0.25 and the retest of the channel beyond that are both calculated risks we are willing to take. Ultimately, as you all know we start by building a position going in small to test the waters and increase size only if the scenario plays out well.

This trade we’re taking would be accelerated via the announcement of the FXRP/DeFi news.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
The Crypto Handicap: CZ and Binance vs. Hyperliquid
Research Report
The Crypto Handicap: CZ and Binance...Earlier this month, we called BNB as the asset most likely to outperform BTC. This week, we’re calli...
9 min read
Oct 20, 2025
State of the Market: October 2025
PRO
Research Report
State of the Market: October 2025Crypto just endured one of the largest liquidation events in its history, with more than $19B in pos...
23 min read
Oct 15, 2025
CPro picks update: Diversifying with major asset + trade setup
PRO
Research Report
CPro picks update: Diversifying wit...You can debate decentralisation, you can question regulation, but you can't ignore performance. This...
16 min read
Oct 9, 2025