- Ripple (XRP) leads the poll with 44.7%, showcasing growing confidence in its long-term tech.
- XRP’s bullish pattern signals a possible price surge, but confirmation needed above $3.40.
- XRP Ledger’s NFT update simplifies transactions, enhancing user experience and reducing costs.
A Twitter poll by Patrick Bet-David notched up a spirited debate in the crypto community. The question? Which digital asset has the best long-term tech.
The poll, drawing in over 108,000 votes, gave four choices: Ripple (XRP), Bitcoin, Ethereum, and “Other.” Voters were asked to explain their picks. Ripple (XRP) has stayed in the lead with 44.7% of the votes, followed by Bitcoin at 36.8%. Ethereum is way behind with only 8%, and “Other” gets 10.6%.
XRP’s Poll Dominance Market Moves
Ripple’s strong showing in the poll comes as the project sees tech upgrades and market shifts. Even with the ongoing SEC legal fight, XRP has actually gained ground in the crypto market.
One big factor is the latest on the SEC accepting Grayscale’s application to list XRP ETFs. This “acknowledgment” means the SEC now has 240 days to decide on these applications, which could really boost XRP’s market standing.
Bullish Pennant Price Targets
Ripple’s XRP is also getting attention for its technical chart and positive market vibes.
Analysts like Egrag Crypto are pointing to a “bullish pennant” pattern for XRP to suggest a price jump to $15–$17.
This technical pattern usually means strong upward momentum if the market stays bullish. Still, experts say caution is smart. A price break above $3.40 needs to happen to confirm a major price surge.
Related: Is the Ripple Lawsuit Set for a Breakthrough After SEC and Binance Agree to Pause Suit?
XRPL Gets NFT Upgrade
Ripple’s tech improvements aren’t just about market moves.
The XRP Ledger (XRPL) has made progress in the Non-Fungible Token (NFT) space. A recent update introduced the NFTokenMintOffer amendment, which allows users to mint and create offers for NFTs in a single transaction.
This makes things simpler, cuts transaction costs, and improves the user experience on XRPL. The amendment, approved through XRPL’s governance process, shows Ripple’s ongoing focus on boosting how well its blockchain works and how easy it is to use.
XRP Price Dip Market Consolidation
Despite all the optimism, the XRP market seems to be facing some headwinds. The price dipped by 3.79% to settle at $2.67 at the time of writing.
The MACD chart is showing a bearish trend. The MACD line is below the signal line, pointing to selling pressure.
Source: TradingView
Related: XRP Surpasses Bitcoin and Solana to Lead Upbit’s Korean Won Market: Here’s Why
On the other hand, the RSI is still at 50.72. This suggests the market is unsure, and XRP might be in a consolidation phase.
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