The XRP price has fallen by 4% in the past 24 hours, with the altcoin’s dive to $2.15 coming as the crypto market as a whole declines by 5% today.
Prices have fallen across the board in response to Israel’s overnight strikes against various targets in Iran, with XRP retaining a 1% gain in a week, but now down by 17% in a month.
However, the fourth-biggest token in the market boasts a 340% increase in the past year, and yesterday it welcomed the news that the Nasdaq-listed Trident will build an XRP reserve worth $500 million.
This follows similar announcements in recent weeks from several others firms, and when taken with XRP’s strong fundamentals, it supports a hugely positive long-term XRP price prediction.
XRP Price Prediction: Nasdaq Firm Eyes $500M XRP Reserve – Is Institutional Adoption Back?
Listed on the Nasdaq and based in Singapore, Trident is a digital transformation and Web3 company that yesterday announced it will raise up to $500 million to accumulate XRP.
It plans to raise these funds via “a mix of equity issuance, strategic placements, and structured financing instruments,” with the company aiming to begin rolling out the reserve from the second half of this year.
“Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance,” said CEO and founder Soon Huat Lim.
If it does raise the full $500 million, this would make its XRP reserve the biggest to date, after Webus announced a $300 million XRP reserve last week and VivoPower announced its own, worth $121 million, last month.
Such announcements haven’t been enough to deflect the pressures exerted on the market by tensions in the Middle East, or ongoing uncertainty with regards to tariffs.
However, the growing number of reserves set up XRP very nicely for strong gains when the market recovers.
If we look at its chart today, we see that it may be close to making a big move, given that its resistance (red) and support (green) levels have formed a bullish pennant.
XRP’s relative strength index (purple) has also been subdued more or less continuously since February, which would imply that a more bullish period is coming for the token.
Source: TradingViewAnd we have actually seen evidence of growing accumulation and exchange withdrawals in the past few days, with traders potentially gearing up for the activation of the recently announced reserves.
So once Trident begins buying up XRP, the XRP price could potentially hit $3 in August, before closing the year at around $4.
Snorter Raises Over $800,000 for Sniping Bot – Is This One of the Best New Coins of 2025?
If XRP is a little too well-established for some traders, they may prefer to look at newer, more volatile tokens, including presale coins.
Such coins can be profitable in cases where their sales raise substantial sums and generate lots of momentum, which helps them to rally strongly when they list.
One of the newest and most interesting presale cryptos available right now is Snorter (SNORT), an Ethereum- and Solana-based project that has now raised more than $800,000 in its ICO.
Snorter is exciting because it’s planning to launch an automated sniping bot once its sale ends, with its bot helping investors to discover the newest tokens before they blow up.
Aside from automated sniping, it will provide numerous other features, including copy trading, limit orders, atomic swaps (with MEV protection), and protection against likely rugpulls.
Investors will be able to access its features with native token SNORT, which means that the latter could experience plenty of demand.
It will have a max supply of 500 million SNORT, and holders will also be able to stake it for a regular income.
To join its sale, you can go to the Snorter website and connect a compatible wallet, such as Best Wallet.
SNORT is currently available at $0.0949, although this will rise every few days until the sale closes.
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