XRP Price Prediction as Elon Musk & Ripple Partnership Rumors Spread – Best Altcoin to Buy Now?
This week hasn’t started well for crypto, and the XRP price took a small hit as well. It’s down around 4.5% in the last 24 hours, now trading around $2.65.
There are rumors floating around on X that Elon Musk and Ripple made a partnership, but note that nothing is confirmed yet.
Crypto veteran John Squaire quickly addressed these claims on social media. He emphasized that there’s no truth to the Elon Musk and XRP partnership rumors. Squaire pointed out that neither Musk, Ripple, nor any reliable source has confirmed such a partnership, urging the community to focus on verified information rather than speculation.
🚨 FAKE NEWS ALERT! 🚨
— John Squire (@TheCryptoSquire) February 16, 2025
No, Elon Musk has NOT announced a partnership with $XRP. ❌
There's zero official confirmation from Musk, Ripple, or any credible source.
For now, let’s stick to the facts and wait for real news. ⚠️🔍 pic.twitter.com/MdPE18603S
XRP Price Forecast
Elite crypto trader known as ‘More Crypto Online’ shared an influential XRP chart this morning. Based on Elliott Wave principles, the analysis suggests XRP is currently in a B-wave within a Wave 2 correction pattern. The price is hovering around $2.65-2.70, showing a slight pullback from its recent peak at $2.80.
The technical analysis points to several key support levels to watch, with $2.35 serving as the first significant support at the 38.2% Fibonacci level. More crucial support zones lie at $2.23 and $2.11, corresponding to the 50% and 61.8% Fibonacci levels respectively. The $1.96 mark represents a critical threshold – a break below this level could challenge the overall bullish outlook.
Looking at potential upside targets, the immediate resistance sits at $2.80, matching the February 4th high. A breakthrough above this level could open the path toward the $2.96-$3.03 range, with further potential for movement toward $3.40 for the XRP price if momentum remains strong.
Beyond XRP: Top Altcoins to Buy Now?
If you’re looking to avoid XRP due to unstable price action in recent weeks and the mixed picture that chart showed us, then SOLX and BTCBULL tokens could be among the alternatives to consider.
Solaxy is working to solve some major problems on the Solana network. As the first Layer 2 protocol built for Solana, it tackles issues that many users face – like failed transactions and network congestion. What makes Solaxy stand out is how it connects Solana with Ethereum, letting users access the benefits of both networks. The platform processes transactions away from Solana’s main network, which means faster and cheaper transactions for everyone using it.
Solaxy offers a hybrid approach combining aspects of Solana’s existing consensus mechanisms; Proof of History (PoH) and Proof of Stake (PoS). PoH enhances transaction speed by providing a cryptographic proof of the order of transactions, while PoS secures the network through staking, allowing users to earn rewards by participating in transaction validation.
The project seems to be gaining great traction with investors. Its native token SOLX has raised more than $21.5 million in its ongoing presale. The team plans to launch the token in the next few weeks, and they’re focused on making Solana more efficient while taking advantage of Ethereum’s established DeFi ecosystem.
BTC Bull Token has taken a different approach to crypto. This new project, built on Ethereum, combines Bitcoin rewards with token mechanics. The presale started just days ago and has already brought in $2 million, showing strong interest from early investors.
The token works in a straightforward way – holders get Bitcoin rewards when BTC reaches certain price levels. These rewards start when Bitcoin hits $100,000 and continue at various milestones: $150,000, $200,000, $250,000, and all the way up to $1 million. The amount of Bitcoin you receive depends on how many BTCBULL tokens you hold when these prices are reached.
The higher Bitcoin climbs, the heavier the bag.
— BTCBULL_TOKEN (@BTCBULL_TOKEN) February 16, 2025
Hold BTCBULL tokens to earn BTC rewards at key price milestones! 🐂🚀 pic.twitter.com/6aW8gfcLXh
The project also includes a burn system that removes tokens from circulation at specific Bitcoin price points. When BTC reaches $125,000, $175,000, and $225,000, some BTCBULL tokens are burned, reducing the overall supply. Best Wallet, their partner platform, handles the technical side of distributing Bitcoin rewards to token holders.
The combination of Bitcoin rewards and token burns creates an interesting structure for BTCBULL. As Bitcoin rises in price, holders can benefit from both the airdrops and the decreasing token supply. The project links its success directly to Bitcoin’s performance, making it an unusual entry in the current crypto market.
Read also: If You Invest $1,000 in XCN and SOLX Today, Here’s How Much You Would Have in 2 Months
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