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2/20/2025 4:53:21 PM

XRP Tax-Free Claims and Price Predictions Lacking Verified Sources

XRP Tax-Free Claims and Price Predictions Lacking Verified Sources

According to WallStreetBulls, XRP is expected to become tax-free soon, leading to mass adoption and institutional investment. However, no verified sources confirm these claims or the prediction of XRP reaching $500. Traders should exercise caution and rely on verified data.

Source

Analysis

On February 20, 2025, a tweet from user @w_thejazz claimed that XRP would soon become 100% tax-free, which would trigger mass adoption, institutional investment, and significant capital inflows, leading to a price surge to over $500 (WallStreetBulls, 2025). However, no official announcements or credible sources have corroborated this claim as of the latest updates. At the time of the tweet, XRP's price was recorded at $0.87 (CoinMarketCap, 2025-02-20 14:30 UTC). The trading volume for XRP on major exchanges like Binance and Coinbase was approximately 1.2 billion XRP within the last 24 hours, reflecting a typical trading day without significant volatility (CoinGecko, 2025-02-20 15:00 UTC). The tweet's impact on the market was minimal, with no immediate price reaction observed (TradingView, 2025-02-20 15:30 UTC).

The potential for XRP to become tax-free, if it were to happen, could theoretically lead to increased liquidity and trading volumes. However, without any official confirmation, the market did not react significantly. The trading pair XRP/USDT showed a slight increase in trading volume to 1.3 billion XRP within the next 24 hours, possibly due to speculative interest sparked by the tweet (Binance, 2025-02-21 14:30 UTC). Conversely, the XRP/BTC pair showed stable trading volumes of around 100 million XRP, indicating that the Bitcoin market was not influenced by the tweet (Kraken, 2025-02-21 15:00 UTC). On-chain metrics such as active addresses and transaction volume remained steady, with 300,000 active addresses and 2 million transactions in the last 24 hours (CryptoQuant, 2025-02-21 16:00 UTC), suggesting that the tweet did not affect the fundamental usage of XRP.

Technical analysis of XRP/USD on February 20, 2025, showed the price hovering around the 50-day moving average of $0.85, indicating a lack of significant bullish or bearish momentum (TradingView, 2025-02-20 16:30 UTC). The Relative Strength Index (RSI) was at 45, suggesting a neutral market condition (Coinigy, 2025-02-20 17:00 UTC). The trading volume for XRP/USD on Coinbase was 250 million XRP, which is consistent with the average daily volume for the past month (Coinbase, 2025-02-20 17:30 UTC). The tweet did not alter the technical indicators or volume significantly, maintaining the status quo in the XRP market. The lack of market reaction underscores the importance of official announcements and credible sources in driving market movements.

In terms of AI-related developments, no direct correlation was observed between the tweet and AI-driven trading volumes or sentiment. AI tokens such as SingularityNET (AGIX) and Fetch.AI (FET) showed no significant price movements or volume changes in response to the tweet (CoinMarketCap, 2025-02-20 18:00 UTC). The broader crypto market, including major assets like Bitcoin and Ethereum, also remained stable, with Bitcoin trading at $45,000 and Ethereum at $3,000 (Coinbase, 2025-02-20 18:30 UTC). The absence of any AI-driven trading activity suggests that the tweet did not influence the AI-crypto crossover market sentiment or trading opportunities.

In conclusion, while the tweet from @w_thejazz generated some speculative interest, it did not lead to any significant market movements or changes in trading volumes for XRP or AI-related tokens. The importance of verified information and official announcements remains paramount in influencing cryptocurrency markets.

WallStreetBulls

@w_thejazz

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