The SEC's filing against Nova Labs came just days before Gary Gensler, SEC chair and crypto critic, is set to step down from leading the agency.
Bitcoin's chance of hitting a new all-time high has increased, buoyed by expectations of the adoption of a US Bitcoin reserve.
The XRP price has rallied to its all-time high (ATH) of $3.4, sparking bullish sentiment in the XRP community. This price surge is due to bullish fundamentals, including Donald Trump’s receptiveness to a crypto reserve that would include the coin. Factors Behind The XRP Rally To Its ATH CoinMarketCap data shows that the XRP price rallied to $3.40 yesterday, a price level that represents its current all-time high (ATH) on some exchanges like Binance and Kraken. This price surge has occurred due to several factors, including a report that Donald Trump is receptive to the idea of an America-first strategic reserve. Related Reading: Bitcoin Price Above $100,000 Renews Hope, Analyst Reveals The Cycle Top As Bitcoinist reported, this initiative would focus on cryptocurrencies that were founded in the US, including XRP, Solana, and USDC. This is bullish for these coins, as it would lead to greater adoption for them. This news already sparked a bullish sentiment among investors, leading to this XRP price surge. Before now, these investors, especially crypto whales, were accumulating, another factor contributing to the XRP price surge. Bitcoinist reported that this category of investors had bought 1.43 billion coins in two months. This is massive, considering how these accumulation trends always lead to price discovery, which is being witnessed with XRP at the moment. This accumulation trend looks to have intensified on the news of the potential crypto reserve involving XRP. CoinMarketData shows that the coin’s trading volume has surged by 7% in the last 24 hours, with $24.18 billion traded during this period. This surge in trading volume has also contributed to the XRP price rally. Meanwhile, it is worth mentioning that the US Securities and Exchange Commission (SEC) filed its opening brief in its appeal against Ripple. However, this development was considered bullish for the XRP price, as the Commission did not dispute Judge Analisa Torres’ ruling that XRP isn’t a security. Why The Price Surge Is Likely To Continue The XRP price surge will likely continue based on its bullish fundamentals and technicals. From a fundamental perspective, Donald Trump is set to take office on January 20, meaning that this crypto reserve, which will include XRP, could come to life sooner rather than later. Trump’s administration is also bullish for XRP because of the possible emergence of pro-crypto Paul Atkins as the next SEC Chair. Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Paul Atkin’s pro-crypto stance has led to predictions that the Commission will likely drop the appeal against Ripple once he takes office. The Commission is also expected to approve the pending XRP ETF applications under Atkins. From a technical perspective, crypto analysts have also provided a bullish outlook for the XRP price. Crypto analyst CasiTrades predicted that XRP will break its ATH and rally to between $8 and $13. At the time of writing, the XRP price is trading at around $3.34, up over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
XRP price started a fresh increase above the $3.00 level. The price is up over 15% and might continue to rise if it clears the $3.40 resistance. XRP price gained over 15% and rallied above the $3.00 zone. The price is now trading above $3.050 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3.150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price Settles Above $3.00 XRP price managed to start a fresh increase above the $2.650 and $2.80 resistance levels. The price gained over 15% and outperformed both Bitcoin and Ethereum. There was a move above the $3.00 and $3.050 levels. The bulls even pumped the price above the $3.20 resistance to start another increase. It traded as high as $3.399 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.332 swing low to the $3.40 high. The price is now trading above $3.20 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3.150 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.350 level. The first major resistance is near the $3.40 level. The next resistance is $3.420. A clear move above the $3.420 resistance might send the price toward the $3.50 resistance. Any more gains might send the price toward the $3.650 resistance or even $3.80 in the near term. The next major hurdle for the bulls might be $4.00 and a new all-time high. Downside Correction? If XRP fails to clear the $3.40 resistance zone, it could start another decline. Initial support on the downside is near the $3.250 level. The next major support is near the $3.20 level and the trend line. If there is a downside break and a close below the $3.20 level, the price might continue to decline toward the $2.8850 support and the 50% Fib retracement level of the upward move from the $2.332 swing low to the $3.40 high. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.20 and $3.050. Major Resistance Levels – $3.40 and $3.50.
Mucha gente dice que XRP es la mejor criptomoneda para comprar ahora. ¿A qué se debe? Pues la explicación es fácil: XRP ha conseguido crecer un 20% y alcanzar los 3,20 dólares. Esto ha hecho que XRP alcanzara su mayor precio desde 2018. Varios inversores se preguntan si esto convierte al XRP en la criptomoneda del momento. Eso sí, la fluctuación del precio ha suscitado debates sobre su potencial para el futuro. XRP alcanza un máximo de siete años El 15 de enero, el precio del XRP subió a 3,20 dólares. Este es el récord de estos últimos 7 años. Al final, ese día se estabilizó en 3,09 dólares, pero sigue habiendo una subida del 32% con respecto al gráfico semanal. Las preocupaciones legales se han visto superadas por la confianza de los inversores. Numerosos operadores opinan que la reciente subida del XRP podría persistir siempre que se den las circunstancias adecuadas. La Comisión del Mercado de Valores de Estados Unidos ha presentado recientemente un recurso. La apelación impugna una determinación anterior de que las transacciones de XRP no eran valores no registrados. Sin embargo, el mercado ha favorecido las victorias parciales de Ripple en los tribunales. ¿A qué se debe la reciente subida del XRP? Se especulan varios motivos para esta reciente subida de XRP. Las victorias legales de Ripple Labs contra la SEC son el factor más significativo. Los inversores han respondido favorablemente a las decisiones judiciales favorables. Cada victoria refuerza la percepción de que el XRP no es un valor, aumentando así su atractivo. Un factor significativo es la creciente adopción de RippleNet. Las empresas utilizan XRP para transacciones internacionales con la ayuda de la red. La demanda de XRP aumenta a medida que más instituciones financieras adoptan RippleNet. ¿Es XRP la mejor criptomoneda para comprar ahora? Numerosos inversores están considerando si el XRP es una de las criptomonedas más rentables para adquirir en este momento. Su rendimiento más reciente ha sido notable. El precio puede seguir aumentando si la situación legal sigue mejorando. La posible sanción de un fondo cotizado en bolsa de XRP es uno de los acontecimientos más esperados. Muchos de los analistas prevén que la aprobación de un ETF podría generar nuevas inversiones – con algunos alcanzando hasta los 6.000 millones de dólares. Estas decisiones reguladoras podrían servir como un importante catalizador de subidas adicionales de precios y esto está atrayendo a cada vez más inversores. Predicciones sobre el precio futuro de XRP Existe un gran optimismo entre los expertos con respecto al potencial a largo plazo de XRP. Algunos creen que el XRP podría alcanzar los 14 dólares en 2025. Entre ellos, el analista de criptomonedas Steph Is Crypto ha identificado un patrón favorable en los gráficos de precios del XRP. La construcción de un banderín alcista indica que XRP puede experimentar ganancias adicionales. XRP tiene potencial para superar los 5 dólares a corto plazo y alcanzar los dos dígitos a largo plazo si este patrón continúa. La tecnología de Ripple tiene el potencial de ser decisiva en esta transición. Según las previsiones de las criptomonedas para los próximos meses, el valor de XRP podría experimentar un incremento sustancial si la adopción institucional sigue aumentando. ¿Deberías invertir en XRP? Invertir en XRP conlleva tanto riesgos como beneficios. Su reciente aumento de precio indica que cuenta con un apoyo sustancial del mercado. Sin embargo, los inversores deben tener en cuenta los continuos retos regulatorios. El recurso de la SEC sigue siendo un factor de riesgo. El precio de XRP puede verse presionado a la baja si los tribunales dan la razón a la SEC. Sin embargo, un número significativo de personas sostienen que Ripple tiene un caso legal convincente. XRP podría adquirir aún más confianza en el mercado si Ripple sigue imponiéndose en los conflictos legales. La diversificación es otro factor crítico. Aunque XRP tiene un potencial significativo, siempre es aconsejable diversificar las inversiones. ¿Es XRP la mejor criptomoneda para comprar ahora? El sólido potencial de mercado de XRP queda subrayado por su reciente subida de precios. El optimismo de los inversores y la claridad jurídica han fomentado su expansión. A pesar del continuo llamamiento de la SEC, XRP sigue ganando impulso. El interés institucional puede aumentar en previsión de un ETF de XRP. Esto podría dar lugar a un aumento aún mayor de los precios. Varios inversores y expertos están contemplando actualmente si XRP es la mejor criptomoneda para comprar ahora.
As an experiment, Cointelegraph asked two different AI models, OpenAI’s ChatGPT and xAI's Grok, to predict how XRP price could be affected by a spot ETF approval.
President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources. This move aligns with his campaign pledge to establish a Bitcoin reserve alongside other potential crypto-focused policies to strengthen the US […]
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The United States Securities and Exchange Commission (SEC) has submitted its opening brief to challenge a court decision favoring Ripple. In its Jan. 15 filing, the SEC claims that Ripple’s XRP sales to retail buyers should be classified as unregistered securities transactions. According to the SEC: “The district court erred both factually and legally in […]
The post Ripple CEO calls SEC’s appeal ‘insanity’ as legal fight intensifies appeared first on CryptoSlate.
XRP price started a fresh increase above the $2.80 level. The price is up over 10% and might continue to rise if it clears the $3.20 resistance. XRP price gained over 10% and rallied above the $2.80 zone. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.650 support. XRP Price Gains Traction Above $2.80 XRP price managed to start a fresh increase above the $2.50 and $2.65 resistance levels. The price gained over 10% and outperformed both Bitcoin and Ethereum. There was a move above the $2.80 and $2.850 levels. The bulls even pumped the price above the $2.92 resistance to start another increase. It traded as high as $3.20 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.333 swing low to the $3.20 high. The price is now trading above $2.90 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.880 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.050 level. The first major resistance is near the $3.12 level. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.320 resistance. Any more gains might send the price toward the $3.450 resistance or even $3.50 in the near term. The next major hurdle for the bulls might be $3.620. Downside Correction? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.980 level. The next major support is near the $2.800 level and the trend line. It is close to the 50% Fib retracement level of the upward move from the $2.333 swing low to the $3.20 high. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward the $2.650 support. The next major support sits near the $2.50 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.980 and $2.80. Major Resistance Levels – $3.050 and $3.20.
XRP spot traders provided the volumes needed to send the altcoin above $3. Is a new all-time high the next stop?
Growing speculation of a potential spot XRP ETF is one of the factors driving the surge, one crypto analyst said.
Bitcoin’s recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.
Kaum eine Kryptowährung stand in den vergangenen Jahren derart unter Beschuss vonseiten der amerikanischen Regierungsbehörden wie Ripple. Dessen Coin XRP sei ein Wertpapier und daher von Beginn an genehmigungspflichtig gewesen, argumentierte die amerikanische Wertpapieraufsicht SEC. Gary Gensler gibt auf Deren Chef Gary Gensler galt als Speerspitze im Kampf gegen Kryptowährungen, entsprechend hartnäckig verfolgte er das Strafverfahren, das seine Behörde gegen Ripple angestrengt hatte. Das Unternehmen zog sich daraufhin aus dem US-Markt zurück und kämpfte jahrelang verbissen für seine Chance. Nach einem Gerichtsurteil in den USA kehrte Ripple auf seinen Heimatmarkt zurück, doch die SEC gab nicht auf und bekämpfte XRP weiterhin, wo sie nur konnte. Doch mit dem überraschenden Comeback von Donald Trump an der Spitze der USA hat sich das Blatt scheinbar gewendet. Trump gilt mittlerweile als großer Befürworter von Kryptowährungen und hat damit große Erwartungen in der XRP-Community geweckt. Sein erstes „Opfer“ war ausgerechnet der Chef der SEC höchstpersönlich. Gary Gensler wird mit Amtsantritt von Donald Trump zurücktreten, sein Nachfolger ist bereits bestimmt. Ein Ende der Hexenjagd auf XRP? Paul Atkins gilt als Kryptobefürworter, auf ihm ruhen jetzt alle Hoffnungen, dass er die „Hexenjagd“ gegen Ripple und XRP einstellt. Damit wären die Weichen für neue Kursrekorde gestellt. Schließlich führte schon das Gerichtsurteil von 2023 dazu, dass der Kurs von Ripple in die Höhe schoss. Ähnliche Tendenzen sind jetzt, angesichts der bevorstehenden Amtseinführung von Donald Trump, wieder zu beobachten. Die Investoren glauben an mehr Freiheiten Die Investoren gehen offenbar fix davon aus, dass Trump seine Ankündigungen wahr macht. Laut US-Medien sollen die ersten Schritte dazu bereits an seinem ersten Amtstag erfolgen. Das gibt den Hoffnungen Auftrieb, schließlich ist XRP von Ripple weiterhin von seinem Allzeithoch aus dem Jahr 2018 entfernt. Damals betrug der Kurs 3,84 Dollar, aktuell liegt er bei 2,85 Dollar. Glaubt man den Kurssteigerungen der letzten Tage, dann ist die Community davon überzeugt, dass jetzt alle Schleusen nach oben geöffnet werden. Schließlich gilt Ripple als hervorragendes Produkt, das in der Lage ist, die Finanzwelt zu verbessern. Seine Produkte sind günstig, schnell und sicher. Daneben unterstützt es die Integration verschiedener Währungen und Zahlungssysteme. Sollte der rechtliche Status von Ripple und XRP endgültig außer Frage stehen, kann dies zu massiven Kursanstiegen führen. Werden jetzt alle Schleusen geöffnet? So glauben manche Analysten schon jetzt, dass es beim Kursziel von XRP kaum eine Grenze nach oben gibt. Sie verweisen auf die Vergangenheit, wo sich bereits Ähnliches ereignete. Donald Trump plant einen eigenen Krypto-Rat, der seine Vorschläge in die Tat umsetzen soll. Erst Anweisungen sollen laut US-Medien bereits am ersten Tag seiner Amtszeit erfolgen. Erweisen sich diese Berichte als wahr, dann stehen Kryptowährungen goldene Zeiten bevor. Neue Coins wie Mind of Pepe wittern Morgenluft Diese Aussichten beflügeln den Kryptomarkt. Das gilt auch und vor allem für Meme-Coins, die sich inmitten eines Superzyklus befinden. Die positive Einstellung zum Kryptomarkt, die eine neue Regierung unter Donald Trump offenbar mitbringt, stärkt die Emittenten in ihren Absichten. Sie entwickeln neue Ansätze, die für Käufer attraktiv sind. Dazu zweifellos auch Mind of Pepe ($MIND). Der Meme-Coin erweitert das PEPE-Universum um einen weiteren starken Player. Anders als andere Token setzen die Emittenten hier uneingeschränkt auf die disruptive Kraft von Künstlicher Intelligenz. Sie soll sicherstellen, dass der Markt nicht nur tagesaktuell beobachtet wird, sondern auch entsprechenden Mehrwert generiert. Der KI-Agent von Mind of Pepe ($MIND) identifiziert Trends und sagt auf Basis seiner gesammelten Informationen Kursentwicklungen voraus. Das soll den Anlegern dabei helfen, keine Trends zu verschlafen und rechtzeitig zu investieren. Künstliche Intelligenz unterstützt bei Anlageentscheidungen Die KI verbessert dabei ihre Fähigkeiten selbst und optimiert diese immer weiter. Die Anlageempfehlungen werden automatisiert über geschützte Kanäle und Gruppen geteilt. Was auch immer der KI-Agent tut, bleibt für seine Nutzer transparent und nachvollziehbar. Dieser Filter agiert daher gleichzeitig als Medium, das sich auf die wirklich wertvollen Informationen konzentriert. Der Mind of Pepe Token ist derzeit noch zum günstigsten Preis von 0,0031134 Dollar im Presale zu bekommen, doch angesichts des Ansturms am ersten Tages steht die nächste Preiserhöhung bereits vor der Tür. Käufer sollten sich daher beeilen, um diesen Coin noch möglichst günstig kaufen zu können.
Ripple has committed $100,000 in XRP to aid relief efforts for victims of the devastating California wildfires. According to a Jan. 14 statement, this contribution was channeled to World Central Kitchen and GiveDirectly, two organizations actively providing meals and financial assistance to those affected. The firm stated that its donation was facilitated through The Giving […]
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Analysts are enthusiastic about the potential for a substantial increase in XRP, which has resurfaced in the public eye. Ali Martinez, a crypto expert, has emphasized the token’s recent price movement, describing it as “one of the most bullish scenarios” in the current market. Is this the catalyst that XRP investors have been anticipating? Related Reading: Ethereum Whales Absorb $1 Million Loss As Market Caution Intensifies XRP Technical Structure At A Glance Martinez’s optimism is a result of XRP’s retest of the upper boundary of an isometric triangle on its four-hour chart. XRP’s capacity to maintain its position above this critical level is generating optimism for an upward advance, as this technical pattern frequently indicates the potential for a breakout. Although some skeptics advise against relying solely on patterns, the retest is consistent with broader trends that suggest a bullish momentum could be in the offing. XRP has experienced a 13% increase in value in the past 24 hours, with a current price of $2.87 as of January 15, 2025. $XRP has one of the most bullish setups in crypto right now after the recent retest of the breakout zone! pic.twitter.com/YPjgv2MPzF — Ali (@ali_charts) January 14, 2025 Breaching A 7-Year Trend Analysts have noted that XRP’s continuous performance in the face of market uncertainty sets it apart from many other altcoins. Investors seeking to make big bucks in an otherwise volatile market may feel more confident as a result of the altcoin’s current setup. XRP just broke out of a seven-year trend, reaching nearly $3.0 in December 2024 and retesting the breakout on January 12. Successful retests, according to analysts such as Martinez, are strong markers for a verified price breakout, which fuels traders’ optimism. Martinez forecasts that XRP will break past its all-time high of $3.40, indicating a bullish run in the offing. This projection has piqued the interest of investors who want to test if the coin can maintain its upward trend. XRP Growth Trajectory Along with technical analysis, Ripple’s initiatives to transform financial institutions have a significant impact on XRP’s trajectory. One of the biggest factors influencing XRP’s long-term potential is the company’s commitment to blockchain-based cross-border transaction solutions. Recent court decisions and regulatory clarity in several jurisdictions, according to market observers, have improved the prospects for the token. Related Reading: Rebound Alert: US Bitcoin ETF Interest Picks Up Speed In 2025 Investing With Prudence Experts advise caution despite the obvious excitement surrounding XRP’s bullish setting. Rapid swings are nothing new to the cryptocurrency market, and sometimes what looks like a breakout turns out to be an unexpected pullback. Although Martinez’s study highlights a great possibility, seasoned investors understand the need of diversification and risk control. Featured image from Invezz, chart from TradingView
As the cryptocurrency market grapples with a broader decline, altcoins have faced significant challenges, with Ethereum (ETH) leading the way with losses nearing 20%. This drop comes after Ethereum’s repeated failures to break through the crucial resistance level of $4,000, a barrier that has proven formidable in recent months also preventing the cryptocurrency to reach new record levels as Bitcoin (BTC) did to close 2024. Mid-Cycle Correction For Altcoins: A Path To Recovery? Market expert Ash Crypto has recently offered insights in a social media post on X (formerly Twitter), into the current state of altcoins, suggesting that they are undergoing a “mid-cycle correction.” According to Ash Crypto, this phase is a natural part of the bull market cycle and may set the stage for a recovery of previously lost value and potentially even higher gains for these digital assets. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ In his social media post, the expert highlighted historical precedents, noting that similar price actions were seen in January 2021, just before the onset of an altcoin season that captivated investors. Despite recent fluctuations, Ethereum and other altcoins have shown slight signs of recovery, with ETH managing to surge above $3,200, rebounding from its nearest support level of $3,100. This recent uptick prevented further losses and sparked hope among traders. However, Ash Crypto cautions that another dip may be on the horizon before a more sustained recovery can take hold. Market Whales May Shake Out Retail Investors In his analysis, Ash Crypto projected that altcoins could experience one final market correction before entering what he believes will be a full bull mode later this year. The expert referenced a chart he shared, depicting the total market capitalization of altcoins excluding Bitcoin and Ethereum, which showed potential consolidation between the $926 billion and $930 billion levels. This consolidation phase could precede a move towards a bullish cycle peak, estimated to reach as high as $3.39 trillion. Related Reading: Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next Adding to the intrigue, Ash Crypto remarked that Bitcoin’s dominance appears to have topped out, suggesting that an altcoin season is imminent. However, he warns that before this potential surge, market whales may attempt to shake out retail investors by manipulating prices. At the time of writing, ETH is trading at $3,215, up over 3% in the 24-hour time frame. Other altcoins such as XRP, Solana (SOL) and Cardano (ADA) have also risen by 5%, 3% and 5.3% respectively in the same time frame. Taking into account Ash Crypto’s analysis, it remains to be seen whether further consolidation or another correction will take place for altcoins before what could be the most notable gains for these digital assets in history. Featured image from DALL-E, chart from TradingView.com
XRP price started a fresh increase above the $2.50 level. The price is gaining pace and could rally further above the $2.880 resistance. XRP price gained over 5% and rallied above the $2.550 zone. The price is now trading above $2.550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.60 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.60 support. XRP Price Turns Green Above $2.50 XRP price managed to start a fresh increase above the $2.42 and $2.45 resistance levels. The price gained over 5% and outperformed both Bitcoin and Ethereum. There was a move above the $2.50 and $2.50 levels. The bulls even pumped the price above the $2.75 resistance to start another increase. It traded as high as $2.875 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.332 swing low to the $2.875 high. The price is now trading above $2.550 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.60 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.8750 level. The first major resistance is near the $2.92 level. The next resistance is $3.00. A clear move above the $3.00 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.200 resistance or even $3.25 in the near term. The next major hurdle for the bulls might be $3.320. Downside Correction? If XRP fails to clear the $2.8750 resistance zone, it could start another decline. Initial support on the downside is near the $2.750 level. The next major support is near the $2.600 level and the trend line. It is close to the 50% Fib retracement level of the upward move from the $2.332 swing low to the $2.875 high. If there is a downside break and a close below the $2.60 level, the price might continue to decline toward the $2.550 support. The next major support sits near the $2.50 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.750 and $2.60. Major Resistance Levels – $2.875 and $3.000.
According to Ripple’s chief legal officer, the SEC will continue with its appeal of a judgment in the civil case despite Chair Gary Gensler stepping down in six days.
XRP price started a fresh increase above the $2.450 level despite pressure on Bitcoin. The price is still showing positive signs and could clear the $2.550 resistance. XRP price gained over 4% and rallied above the $2.450 zone. The price is now trading above $2.4650 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.50 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.420 support. XRP Price Eyes More Gains $2.50 XRP price managed to start a fresh increase above the $2.40 and $2.42 resistance levels. The price gained over 4% and outperformed both Bitcoin and Ethereum. There was a move above the $2.45 and $2.480 levels. The price climbed above the 50% Fib retracement level of the downward move from the $2.597 swing high to the $2.332 low. There was also a break above a connecting bearish trend line with resistance at $2.50 on the hourly chart of the XRP/USD pair. The price is now trading above $2.4650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.550 level or the 76.4% Fib retracement level of the downward move from the $2.597 swing high to the $2.332 low. The first major resistance is near the $2.60 level. The next resistance is $2.620. A clear move above the $2.620 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.7350 in the near term. The next major hurdle for the bulls might be $2.80. Downside Correction? If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.480 level. The next major support is near the $2.420 level. If there is a downside break and a close below the $2.420 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.320 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.480 and $2.420. Major Resistance Levels – $2.550 and $2.600.
XRP price continues to show strength versus the wider crypto market. Cointelegraph explains why.
The fourth quarter saw the largest jump in institutional crypto OTC trading, as Donald Trump’s US election win fueled crypto spot trading to 2024 highs, said Finery Markets.
In a recent series of exchanges on X, Input Output Global (IOG) CEO and Cardano founder Charles Hoskinson addressed allegations surrounding the Cardano Foundation’s (CF) approach to stablecoin integrations, while also signaling fresh possibilities with Ripple’s RLUSD. The conversation drew attention to unresolved tensions between Hoskinson, the CF, and various members of the community, as […]
A new bullish target for the XRP price has been set, as a crypto analyst has announced a recent breakout from a Symmetrical Triangle pattern. The analyst has shared a chart showing XRP’s price action on a 3-day timeframe, highlighting key resistance levels that could help propel the cryptocurrency to a bullish target of $8. Symmetrical Triangle To Push XRP Price To $8 According to the TradingView crypto analyst identified by the pseudonym “PlaceUrBetsPlease,” the XRP price is breaking out from a Symmetrical Triangle pattern, suggesting upward momentum. A Symmetrical Triangle is a chart pattern that signals a period of consolidation, showing no clear indication of a bullish or bearish feeling. Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown The analyst highlighted key resistance and support levels in his chart, projecting a new ATH target for the XRP price. He emphasized that the cryptocurrency has maintained a price above the weekly support area of $2.21, a critical level reinforcing its bullish position. Currently, XRP is set to retest a new resistance level at $2.35, which the analyst suggests is required to trigger the cryptocurrency’s next upward push. The TradingView market expert has also revealed that after XRP’s breakout from the Symmetrical Triangle pattern, the next move is a massive price surge to $8. The analyst’s projection aligns with Fibonacci extension levels, a technical tool for predicting potential price targets during an uptrend. In the presented chart, he suggested that the price levels at $4 (1.272 Fib), $6 (2.618 Fib), and $7 (3.618 Fib) would serve as potential resistance areas for XRP to overcome and hit a new ATH target of $8. This bullish target corresponds with the 4.236 Fibonacci extension level, marking a 1,500% surge from the initial breakout point. Notably, the TradingView expert disclosed that his predicted XRP price target of $8 coincides with historical percentage gains observed during previous bull runs. The analyst also notes that XRP’s previous ATH above the $3.32 level, as indicated by the price chart, is within reach. The cryptocurrency achieved its all-time high of $3.84 during its bull rally in 2018, marking one of its most exponential price surges since its inception. Expect A Pull Back Along The Way While the TradingView analyst remains significantly bullish on XRP’s price outlook, he also cautions about potential pullbacks and market volatility. He warns that investors and traders should be prepared for a possible 10%, 20%, and 30% price pullback as XRP moves towards its predicted target. Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do While these corrections may delay XRP’s price growth to $8, the analyst has reassured that pullbacks are expected in the cryptocurrency market, especially during strong uptrends. Based on CoinMarketCap’s data, the XRP price is currently trading at $2.45, meaning the cryptocurrency would need to rise by approximately 233% to reach an $8 ATH. Featured image created with Dall.E, chart from Tradingview.com
Weekend decisamente positivo per Ripple, con il rally di XRP che ha spinto l’asset da $2,33 a $2,5 e, successivamente, a $2,6. Questo movimento ha rappresentato un aumento dell’11,5% in meno di 24 ore. Sebbene l’asset abbia perso parte dello slancio da allora e attualmente si trovi a $2,51, è comunque in crescita di oltre il 6% rispetto al giorno precedente. Tutto questo è accaduto poco dopo la diffusione di notizie secondo cui alcune balene crypto avrebbero accumulato oltre un miliardo di token XRP nel corso di appena 48 ore, approfittando della più recente correzione (avvenuta a metà della settimana lavorativa). Ma il periodo positivo potrebbe essere agli sgoccioli. O almeno è quello che pensa il popolare analista di criptovalute Ali Martinez che ha lanciato l’allarme su un potenziale calo del prezzo di XRP. Tanto per cominciare, ha sottolineato che il TD Sequential – un indicatore tecnico utilizzato per mostrare l’esaurimento del mercato in entrambe le direzioni – ha mostrato un segnale di vendita sul grafico a 4 ore. Questa formazione ribassista, però, sarà invalidata se l’asset chiuderà al di sopra di quella linea, cosa che al momento si sta ancora verificando. Inoltre, Martinez ha evidenziato un numero crescente di posizioni short aperte quando XRP ha raggiunto il picco di $2,6. Molti trader potrebbero aver previsto una correzione a breve termine a causa della divergenza di XRP rispetto al resto del mercato – visto che Ripple è stato tra i pochi a registrare guadagni significativi – cosa che effettivamente è avvenuta fino ai livelli attuali. La domanda ora è se la criptovaluta rimarrà al di sopra del supporto precedentemente menzionato o se quello era solo l’inizio di una correzione più ampia. La prevendita di Wall Street Pepe raccoglie la cifra record di 47 milioni di dollari Chi non sembra a rischio correzioni è Wall Street Pepe, la cui prevendita sta conquistando la comunità delle meme coin, visto che ha raccolto l’incredibile cifra di 47 milioni di dollari in poche settimane. Con una visione innovativa e una comunità in rapida crescita, $WEPE non è una semplice meme coin basata solo sul’hype ma si gioca le sue carte grazie all’opportunità che offre, ovvero quella di accedere a segnali e strategie di trading che aiuteranno gli investitori più piccoli a navigare al meglio nei notoriamente volatili mercati crypto. La combinazione di una comunità attiva, funzionalità innovative e interessanti ricompense di staking sta rendendo $WEPE un punto di riferimento nel mercato delle meme coin. Potenziare la comunità: l’approccio basato sull’utilità di Wall Street Pepe Wall Street Pepe è stato progettato per dare potere ai piccoli trader di criptovalute e creare condizioni di parità nel mercato. Ispirato al gruppo Reddit Wall Street Bulls – che ha fatto notizia per i massicci guadagni ottenuti durante la saga delle azioni GameStop nel 2021 – il progetto si concentra sulle criptovalute anziché sulle azioni. Tutti i detentori di token $WEPE possono accedere a segnali di trading, strategie e consigli alpha. Inoltre, la piattaforma offre accesso a un gruppo esclusivo di trading interno, dove gli utenti possono condividere suggerimenti utili per superare in astuzia le balene crypto, famose per manipolare i prezzi dei token, spesso a discapito proprio dei trader più piccoli. Wall Street Pepe punta a cambiare questa dinamica, creando una piattaforma in cui gli investitori possano ottenere interessanti indicazioni di investimento. Il progetto, inoltre, incoraggia la collaborazione tra i membri della Wepe Army, che possono condividere idee e strategie per individuare e cogliere le migliori opportunità di trading. Per rendere tutto ancora più interessante, la piattaforma ospiterà una competizione settimanale di trading crypto, in cui i migliori performer potranno vincere token $WEPE, offrendo un ulteriore valore alla comunità. Grazie ai suoi strumenti innovativi e alla forte enfasi sull’inclusività, Wall Street Pepe si posiziona come un vero e proprio elemento di svolta nel mercato delle meme coin.
In response to a phishing operation especially meant to target users of the cryptocurrency exchange Coinbase, David Schwartz, Chief Technology Officer of Ripple, has issued a warning to the XRP community. This warning is a result of ongoing efforts to protect crypto holders against the growing complexity of newly developed schemes in the realm of […]
XRP is presently the focus of interest in the cryptocurrency market, with many speculators forecasting a large price increase in the months ahead. As of January 13, 2025, XRP is trading about $2.39, following a significant recovery from a previous slump. Analysts are optimistic, predicting that if XRP can reproduce even half of its amazing 2017 run, it might reach $15. Related Reading: Bitcoin To $350,000? Top Crypto Influencer Makes Bold Prediction The Path To $15 XRP’s prospective price of $15 is not a random assumption; it is based on historical performance and current market factors. In 2017, XRP had an incredible rise of more than 1,300%. If it can follow a similar path this time, a $15 price tag is within reach. Market expert Bobby A notes that XRP’s current moves are similar to its previous history, which frequently precedes large upward increases. XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle. From its range-high breakout in 2017, as illustrated by the horizontal black dashed line above, XRP initially appreciated by 629%. From its range-high breakout in 2024, XRP has… pic.twitter.com/Cz7guxjFus — Bobby A (@Bobby_1111888) January 1, 2025 Factors Driving The Surge There are a number of reasons for the present upbeat sentiment around XRP. One is the changing political climate in the US following Donald Trump’s reelection, which many believe will lead to more pro-crypto legislation. The second is the hiring of pro-crypto SEC commissioners, who may settle unresolved legal matters for XRP’s creator, Ripple. For institutional investors, who have been reluctant to enter the market because of ongoing legal battles, this legislative stability is essential. The altcoin has also become a feasible medium of exchange for international payments, solidifying its position as a pioneer in financial innovation. Ripple’s expanding alliances with major financial institutions increase trust and interest in XRP as a useful payment method. Resistance Levels And Market Trends Despite the euphoria, analysts are warning that XRP has significant resistance above $2.45. This has been a both support and resistance level in past cycles. The breaking of this barrier may unlock more price rallies that may eventually reach prices at $2.75-3.0. According to analysts, higher trade volumes will be very crucial in resolving this challenge. Related Reading: $7,000 Ethereum In Sight? Expert Breaks Down The Potential Path In recent weeks, XRP has proved resilient enough to rise from earlier lows by 15%. Although there have been short-term drops, the recovery validates the optimism level of investors regarding long-term chances for XRP. Bobby A’s analysis presents a gently optimistic picture of XRP based on past performance and present market conditions. If XRP can maintain its upward trajectory and surpass past defined resistance levels, he believes it may approach significant pricing benchmarks not too long off. XRP is clearly in an excellent position for possible breakthroughs as 2025 progresses. While some analysts are more practical and believe the price will only hit $5 by the end of the year, others believe it will reach $15, or even more. Featured image from DALL-E, chart from TradingView
XRP price started a fresh surge above the $2.50 level despite pressure on Bitcoin. The price is still showing positive signs and aiming for a fresh increase above the $2.550 resistance. XRP price gained over 10% and rallied above the $2.50 zone. The price is now trading above $2.450 and the 100-hourly Simple Moving Average. There is a short-term bullish flag forming with resistance at $2.550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.40 support. XRP Price Remains In Uptrend Above $2.40 XRP price managed to start a fresh increase above the $2.42 and $2.45 resistance levels. The price gained over 10% and outperformed both Bitcoin and Ethereum. There was a move above the $2.50 and $2.550 levels. The price traded as high as $2.5979 and is currently consolidating gains. There was a minor move below the $2.55 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.246 swing low to the $2.597 high. The price is now trading above $2.450 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.550 level. There is also a short-term bullish flag forming with resistance at $2.550 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.60 level. The next resistance is $2.65. A clear move above the $2.65 resistance might send the price toward the $2.735 resistance. Any more gains might send the price toward the $2.80 resistance or even $2.8250 in the near term. The next major hurdle for the bulls might be $2.950. Downside Correction? If XRP fails to clear the $2.550 resistance zone, it could start another decline. Initial support on the downside is near the $2.4850 level. The next major support is near the $2.420 level and the 50% Fib retracement level of the upward move from the $2.246 swing low to the $2.597 high. If there is a downside break and a close below the $2.420 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.320 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.4850 and $2.420. Major Resistance Levels – $2.550 and $2.600.
Bitcoin’s bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
XRP price is holding the ground above $2.20 despite pressure on Bitcoin. The price is still consolidating and aiming for a fresh increase above the $2.320 resistance. XRP price is still in a range mode above the $2.25 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.3250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.20 support. XRP Price Consolidates Below $2.40 XRP price failed to start a fresh increase above the $2.40 and $2.42 resistance levels. The price reacted to the downsides, but losses were limited compared to Bitcoin and Ethereum. There was a move below the $2.30 and $2.2650 support levels. The last swing low was formed at $2.235, and the price is now consolidating. There was a move above the $2.25 level. The price cleared the 23.6% Fib retracement level of the downward move from the $2.390 swing high to the $2.235 low. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.320 level. There is also a key bearish trend line forming with resistance at $2.3250 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.35 level or the 76.4% Fib retracement level of the downward move from the $2.390 swing high to the $2.235 low. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.45 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.650. Another Decline? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level. The next major support is near the $2.220 level. If there is a downside break and a close below the $2.220 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.25 and $2.220. Major Resistance Levels – $2.320 and $2.350.
XRP’s market structure suggests that the altcoin is gearing up for a run to new all-time highs.