XRP tests crucial $1.40 support as Nikita Bier teases crypto trade buttons on X and ETF inflows sustain bull-market optimism. | Credit: CCN.com
Share
Key Takeaways
X plans to add crypto trade buttons to Cashtags, potentially connecting social discovery directly with trading.
Nikita Bier linked the renewed bull-market momentum to US Treasury bond buybacks and dollar debasement.
XRP dropped by 6.2% to around $1.38 but remained up 35.55% over seven days.
X head of product Nikita Bier has revealed that trade buttons are coming to the social platform’s crypto-focused Cashtags feature, fueling speculation that X could become a major gateway for digital-asset trading.
The disclosure came after crypto trader Pattch joked that the bull market could begin because Bier was no longer “shadow banning” Crypto Twitter.
Bier rejected the claim, pointing to the crypto tools introduced since he joined X.
“I literally built Cashtags, allowing people to add Solana and Ethereum charts directly into posts, with trade buttons coming soon,” Bier wrote. He added that users can paste contract addresses for newly issued tokens directly into posts.
Bier linked the improving market environment to the US Treasury’s expanded bond buyback program, arguing that it was weakening the dollar and helping to start a new bull market.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Cashtags already allow users to display market charts inside posts, but integrated trade buttons would move X closer to bridging social-media discovery with transaction execution.
The feature could prove particularly significant for assets such as XRP, which have large and active communities on the platform.
What are you talking about?
I literally built Cashtags, allowing people to add Solana and Ethereum charts directly into posts—with trade buttons coming soon.
You can even paste contract addresses for newly minted tokens.
There wasn’t a single feature on X for crypto traders…
A smoother route from reading a post to placing a trade could increase retail participation during periods of heightened speculation.
However, Bier did not provide a launch date, list supported assets, or explain whether transactions would occur through X itself or external trading providers. His comments, therefore, do not confirm that XRP will receive direct support.
They also provide no fundamental basis for bullish forecasts placing XRP at $20. Reaching that level would require a dramatic expansion in XRP’s market capitalization, making it a highly speculative target despite the renewed market optimism.
XRP Rally Meets Its First Major Test
XRP fell by 6.2% over 24 hours to approximately $1.38, recording the steepest decline among the ten largest cryptocurrencies by market capitalization.
Despite the correction, XRP remained 36% higher over seven days following its surge from around $1.00 on Aug. 18 to nearly $1.70 four days later.
The rapid advance left the market vulnerable to profit-taking and a derivatives-driven unwind when Bitcoin retreated from above $80,000.
XRP retraces after the recent rally. | Credit: CoinMarketCap
XRP-linked ETFs have nevertheless recorded nine consecutive sessions of net inflows.
That suggests institutional demand has not disappeared and that leverage, rather than widespread investor exits, may be driving the pullback.
The daily relative strength index remained bullish at 66.7, while the Average Directional Index reached 44.1, indicating a strong prevailing trend.
Yet XRP’s 50-day exponential moving average remains below its 200-day average, showing that the longer-term technical recovery is incomplete.
$1.40 Support Separates Cooldown From Breakdown
XRP is now testing the crucial $1.40 region, which shifted from resistance to support during last week’s breakout. The area also coincides with the level where XRP reclaimed its 200-day exponential moving average.
Holding $1.40 would support the argument that the decline represents a healthy cooldown following an unusually fast rally.
A daily close below it could encourage sellers to target lower support developed during August’s breakout.
🚨 XRP LONGS GETTING REKT
520K+ XRP longs wiped out in this move $728K flushed
Broader conditions will also matter. Bitcoin’s ability to defend the $77,000-$78,000 range, along with upcoming US inflation data and Nvidia’s earnings, could shape short-term sentiment for XRP and other altcoins.
X’s forthcoming trade buttons may strengthen crypto’s retail distribution over time. For now, however, XRP’s prospects depend less on social-media infrastructure or $20 predictions than on ETF demand absorbing leveraged selling at the $1.40 line.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
