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Over the past week, XRP has trended slightly downward, moving from highs near $2.30 to around $2.17 by May 4. The candlestick pattern shows a series of lower highs and lower lows, reflecting a gradual loss of bullish momentum. Despite occasional small rebounds, particularly on April 30 and May 1, each recovery was met with […]
Ripples XRP token has yet to reflect the broader bullish tone of the crypto market, even as Bitcoin surged past a fresh record high above $111,000. While several alternative tokens appear ready to ride the momentum wave, XRP continues to hover just beneath a key resistance line at $2.50. Traders are watching closely, but the […]
The initial downward move for Ripple (XRP) has reached its completion on the 4-hour chart. Dark Defenders predictions proved to be spot-on as the price reached the suggested targets. Following sustained downward pressure, XRP is now primed to rise back toward the area of $2.55. The A wave has finished, and the price is ready […]
XRP is rising from a lower level, exhibiting a significant spike in price with the recent market performance. With Bitcoin moving towards its key resistance level at $105K , it is stimulating a wider altcoin rally in which XRP is poised to benefit from the surge. The currency is gaining more interest from traders and […]
After weeks of downward pressure, Ripple (XRP) has broken free from its bearish grip, signaling the start of a new bullish trend. The XRP price, which had dropped to a recent low of $1.64, is now gaining momentum amid improving market conditions and increasing investor interest. The broader crypto market recently stabilized after facing turbulence […]
XRP is receiving attention from analysts due to signs that it could experience a massive increase in price. Egrag stated that in the future, XRP may be aimed to reach $19 or $45. These are considered by historical prices and standards as well as technical indicators that make the rounds to attract the attention of […]
XRP dominance has edged close to a critical level. In a recent X post Egrag Crypto shared his views and forecasted that XRP dominance could well close at more than 6%, the 2021 high. This has been a significant resistance level; its breach indicates a possible beginning of an uprising trend for the digital asset. […]
XRP price shoots 6% over the past 24 hours despite suffering a slump of 28% on April 16. The crypto was able to bounce back on May 1 and get stronger by the day with a surge of 12%. XRP is set on its road to recovery in the coming weeks. Suggested Reading | What’s In A Name? Ethereum Domain Name Sales Climb 2,300% XRP’s expected jump would be at 30% in Q2 this year. (Image credit: Dreamstime.com) Ripple (XRP) – Pioneering The Crypto Scene XRP was one of the frontrunners of the early crypto market alongside Bitcoin and Ethereum. It is was one of the pioneers of the early cryptocurrency market, which experienced massive price hikes in early 2017. Recently, the crypto together with all other cryptocurrencies has been experiencing turmoil and stunted growth because of political, environmental, and regulatory issues. The decline was expected but it’s not a happy state as it is for crypto traders all over the globe. However, unlike others, XRP seems to be recovering and gaining momentum. Ripple-SEC Legal Battle XRP is currently trading at $0.61 after experiencing intraday highs of $0.63. Its bullish comeback seems to have been triggered by favorable investor and technical sentiment in spite of setbacks from a lawsuit by the U.S. Securities and Exchange Commission. Ripple was sued by the SEC for selling securities illegally using XRP. Nevertheless, Ripple seems to be winning in market capitalization from this legal battle. The Relative Strength Index (RSI) on XRP seems to have come to a maximum point considered as oversold which signals that the heavy selling activity seems to have drained itself dry. With that scenario, investors would normally turn to other entry-point buying opportunities. XRP total market cap at $29.76 billion on the daily chart | Source: TradingView.com RSI measures current fluctuations or movements in market price to determine whether a specific coin or asset is oversold or overbought. The technical analysis indicator of RSI with a reading below 30 would mean that the asset is oversold. Investors seem unfazed even with the SEC lawsuit going on. Suggested Reading | SEC, Ripple Agree To Extend Legal Battle Until 2023; XRP Bears The Brunt Of Case Momentum Despite Legal Brawl Ripple operates in the perspective that it has already lost the legal battle because it has been dragging for quite some time now. Nevertheless, Ripple is unbothered. Instead, the company is confident that they are set for a breakthrough in growth especially outside of the United States. XRP’s expected jump shot would be at 30% in the second quarter this year. The current buying sentiment climbed to $0.58 which provided solid support in January this year, pushing XRP to go above 50%. XRP/USD tandem on the daily price charts now provides strong support around the $0.58 level. It signals a lower trendline with the pattern of a descending triangle that is getting bearish going for $0.18 in the next couple of months. Overall, XRP seems to have benefited from the ongoing legal tussle with SEC. In turn, XRP has become a speculative asset for traders. Featured image from VOI, chart from TradingView.com
Let's break down the current market scenarios and implications of Ripple's recent legal victory. Let's take a look at this XRP market cap article
XRP price data indicates that the current correction is a buy-the-dip opportunity for whales and displays the altcoins potential to move higher.
A survey carried out by Digital Asset Investor has recently grabbed the attention of the cryptocurrency enthusiasts. The poll received more than 14,000 participants and it gives a good idea of what XRP investors are expecting and what they think about the future of XRP. XRP Investors Confident in Growth The findings indicate that the […]
XRP is at a critical point as of now and is trading in the Fibonacci 0.702 zone between $1.11 and $1.22. This zone of resistance has been constructed from the corrective retracements from the January 2018 and April 2021 levels, and has produced a clear confluence that has halted the upward progress of the cryptocurrency. […]
The price of XRP has moved above $1, entering a price zone last seen in 2021. Amidst the general crypto surge, the prominent altcoin is undergoing a remarkable price rally resulting in 104.59% surge over the last seven days. As it stands, XRP appears to be shooting for the stars with analysts now strongly bullish on how high the token can go. Related Reading: XRP Price Will Escalate To $1.03 This Week If This Happens: Analyst XRP ‘Kaboom’ Confirmed – Heres Price Path To $32 In an X post on November 16, market analyst EGRAG CRYPTO shared a positive prediction on XRP in regard to market cap following recent gains. EGRAG Crypto noted that XRPs market cap is closing above the Fibonacci level of 0.702 which corresponds to $51.35 billion, and has recently reached the Fibonacci level of 0.786, which represents $60.06 billion. Importantly, the coin is also breaking past an ascending trendline that stretches back to 2017, which all presents a super bullish signal that will initiate a series of significant price explosions. According to the analyst, if the XRP monthly candle closes above the Fibonacci level of 0.786, it will confirm an ascent to the Fibonacci level of 1.618 at which the crypto will attain total market shares of $283.42 billion. In regards to price action, the current supply of 57 billion XRP indicates a potential price target of $4.96 if this market cap is achieved. However, as earlier stated, XRPs recent price rally has ignited a strong bullish signal that is to result in a cascade of price surges. Therefore, EGRAG Crypto has projected multiple Fibonacci level targets for XRP market cap, with the attainment of each one, a confirmation of the next. Following a successful climb to the Fibonacci level of 1.618, future targets by EGRAG are levels 2.0, 2.272, and 2.618, at which XRP is expected to have market cap values of $577.86 billion, $959.66 billion, and $1.83 trillion. These market shares will correspond to prices of $10.13, $16.83, and $32.11, respectively. Related Reading: Bitcoin NVT Golden Cross Signals Local Bottom Whats Next? XRP Market Cap Hits $65 Billion, Becomes 6th Largest Crypto According to data from CoinMarketCap, XRPs market cap is now valued at $65.24 billion, reflecting a 26.51% gain in the past day. Notably, the altcoin has also flipped DOGE to become the sixth-largest cryptocurrency amidst the recent price gain. XRP began gaining aggressively on November 15, price increase after SEC Chair Gary Gensler hinted at a possible resignation which may spell some good news in the Commissions ongoing case with Ripple. These gains have been further strengthened by a massive buying spree by the XRP whales who are eyeing larger future gains. At the time of writing, XRP trades at $1.10. Meanwhile, the assets daily trading volume has increased by 104.46% and is valued at $23.13 billion. Featured image from CryptoRank, chart from Tradingview
XRP has soared to an unprecedented high within the last three years as the digital currency keeps on rising. The digital asset trading on Binance hit $1.2679, the highest it has been since November 11, 2021. This price surge has been driven mainly by the activities of large investors, the so-called whale and shark wallets, […]
The price of XRP is close to a point of interest, with $0.75 as the critical level for the breakout. In a recent X post, Egrag Crypto highlighted that this hurdle is still relevant and a trend break above $0.75, $0.85, and $1.12 may induce a strong bounce. Market dynamics remain supportive of the move, […]
XRP has recently witnessed a surge in blockchain activity, marked by a significant rise in the number of active sending addresses, according to latest data. This increase in active addresses comes amid the asset’s continuous struggle to register any significant rally in price. Instead, the altcoin has steadily decline now down by over 10% in its 30-day performance. Related Reading: XRP Price Faces Ongoing Struggles: Will a Turnaround Happen? XRP Active Addresses Hits 6-Month Peak According to a CryptoQuant analyst known as “maartunn,” the daily active sending addresses on XRP’s blockchain have reached a six-month high, with roughly 12,230 number of addresses transacting daily. maartunn highlighted that this resurgence in active addresses indicates a potential return of investor interest in XRP and possibly in the broader cryptocurrency market. Additionally, the increase in activity is seen as a positive development for the XRP blockchain. The CryptoQuant analyst suggested that rising user participation not only boosts XRPs value as a blockchain asset but also enhances its appeal to investors. XRP: Active Sending Addresses reaches a 6-month high The number of Active Sending Addresses on XRP reaches 12,230 on a daily basis… The increase signals that activity is returning to the XRP Blockchain. By @JA_Maartun Link https://t.co/8ejsxFt5wO pic.twitter.com/VnYPrHXjJb CryptoQuant.com (@cryptoquant_com) October 25, 2024 The analyst also noted that active usage of a blockchain is essential for its long-term viability, adding that an uptick in transaction activity typically reflects increasing interest. However, despite all these positivity the increase in active addresses indicates, the CryptoQuant analyst cautioned that it remains to be seen whether this recent momentum in active addresses can be maintained. Against The Backdrop Of Legal Developments The surge in active sending addresses comes at a time when the altcoin is seeing some notable developments in its ongoing legal battles. Recently, XRP scored a significant legal victory when a court filing confirmed that XRP is not considered a security. This ruling marked a major turning point in the long-standing legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC). For years, Ripple has been embroiled in a case with the SEC, which argued that XRP should be classified as a security and therefore be subject to specific regulatory requirements. The recent decision has provided a new level of clarity for the altcoin, boosting confidence in the asset among market participants. Related Reading: XRP Price Aims to Recover: Can It Reverse the Downtrend? In another recent legal development, Ripple Labs filed a Form C in the United States Court of Appeals for the Second Circuit. The filing challenges a recent SEC ruling, aiming to establish a legal foundation that could prevent future regulatory conflicts over XRPs classification. Today, Ripple filed a Form C – listing the issues we plan to raise on our cross appeal. A few things to keep in mind as we move forward: The case is not about whether XRP, in and of itself, is a security. XRP is uniquely situated as having clarity (alongside BTC) in not being https://t.co/AmFocAnbPx Stuart Alderoty (@s_alderoty) October 25, 2024 Featured image created with DALL-E, Chart from TradingView
Ripple (XRP) is attracting the attention as earlier in October, it formed a bullish pattern after a pull back. Experts believe that XRP is just about to fully rebound and may soon return to the $0.65 zone. This movement could potentially free XRP from a 6.5-7-year consolidation trendline which could be a major price breakout. […]
XRP is in the process of reaching the important value levels which could define further movements of this cryptocurrency. On Thursday, in an X post, Egrag shared some important levels of resistance and support for XRP and described how these levels could affect the further development of the coin. Egrag has pointed out that the […]
The XRP price has ranged within a tight consolidation channel with investors and traders watching for the coins next major directional move. The cryptocurrency has continued to decline in price over the past 24 hours, although there has been a slight price increase; analysts are predicting further losses unless market conditions change. On Wednesday, Crypto […]
XRP previously overtook USDt on Dec. 1 when it climbed past both Solana and Tethers stablecoin.
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