According to data from CoinMarketCap, XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP circulating.
With the XRP price set to make its next move, crypto analyst Dark Defender has revealed the next major support and resistance levels for the crypto. The analyst also suggested that XRP’s next move could happen sooner than expected. Next Major Support And Resistance Levels For The XRP Price In an X post, Dark Defender mentioned $2.42, $2.52, $2.71, and $5.85 as the next major support levels for the XRP price. Meanwhile, the crypto analyst highlighted $2.29, $2.24, $2.10, and $2.02 as the next major support levels for XRP. The analyst made these remarks while also alluding to a bull flag structure that had formed on XRP’s daily chart. Related Reading: Bitcoin Price Dominance And Altcoin Season: What The Sudden Volatility Means For The Market Dark Defender asserted that the XRP price would make its next move by tomorrow, noting that the current bull flag had reached its limit. The crypto analyst had recently highlighted a weekly bull flag on the XRP chart, which showed that the crypto could reach double digits in this market cycle. In his most recent X post, Dark Defender also provided an update on his XRP/BTC pair analysis. He stated that what was expected from the XRP price was coming and suggested that it might have already begun. Before now, the analyst predicted that XRP would record “tremendous” gains against its Bitcoin pair. Meanwhile, crypto analyst Ali Martinez recently highlighted a bull flag forming on the XRP price’s 4-hour chart. Based on this pattern, the analyst stated that XRP could experience a brief correction, then break out above $2.46 and rally to $4, which would mark a new all-time high (ATH) for XRP. Two Possible Scenarios For The Third Wave In an X post, crypto analyst CasiTrades outlined two possible scenarios for the third wave of the XRP price’s move to the upside. In the first scenario, XRP could record a typical move, extending to the 2.618 Fibonacci level. This puts the price target at $3.82, the crypto’s current ATH. Related Reading: Bitcoin Daily Bollinger Bands Expand, Why BTC Price Could Rise To $120,000 As Early As Next Week Meanwhile, for the second scenario, CasiTrades stated that if this third wave doesn’t extend, the XRP price could record the extension play in the fifth wave. If the third wave doesn’t extend, the price target will be $3.23 instead of $3.82. She added that this target is near XRP’s current ATH, so the extension play might not occur. CaiTrades cautioned that these are just projections and that the XRP price could adjust with the actual highs. However, she is confident that a big move is coming, as XRP has consolidated with minimal movement over the last day. At the time of writing, the XRP price is trading at around $2.51, up over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
A crypto analyst has shared an XRP price chart, hinting at a potential breakout above $10 if the prominent altcoin can replicate a past fractal. The analyst urges the XRP community to monitor this fractal closely, highlighting the need to monitor price movements in the coming weeks. XRP Price Eyes $16 As Analyst Spots Bullish Fractal An XRP supporter on X (formerly Twitter), known as ‘LUDXRP,’ has released a detailed chart analysis, predicting that the XRP price could climb to an ambitious price target of $16.15. The analyst mentioned the presence of a historic fractal on the XRP chart. Related Reading: Dogecoin Price On Its Way To $1: Why A Retest Of $0.48 Is More Important Than Anything The fractal pattern, indicated by the blue circle in the chart, highlights a significant upward movement in the XRP price. Following the movements of the chart, if XRP can replicate this fractal, it could trigger a significant price rally toward $16.15. Multiple green horizontal lines have also been shown in the chart, spotlighting different resistance and support zones that could trigger a reaction in the XRP price. With XRP trading at $2.42, the horizontal trend lines above its current price are seen as crucial resistance levels. The analyst highlighted intermediate price levels like $2.8, $4.1, $7.6, and $12.7 as crucial resistance levels, which XRP must surpass before reaching the ambitious target of $16.15. Additionally, the chart identifies $2 as a potential support level, warning that if the price drops below this mark, it could lead to a possible price dip to $1. With the possibility of breaking above $16, the XRP supporter has urged community members to monitor the fractal on the price chart closely. He emphasized the importance of XRP maintaining an upward trend within the blue circle, which could trigger his projected price increase toward $16. XRP To See “Face Melting” Rally This Christmas A crypto analyst identified as the ‘Charting Guy’ on X has expressed optimism about XRP’s future price outlook. According to the analyst, XRP could experience a ” face-melting “ rally to new highs by Christmas and in late January. Related Reading: Shiba Inu Price Rebounds Toward $0.00003, Taking 69% Of All Holders Back Into The Green The analyst has stated that if XRP continues to follow past bullish trends seen in 2017, the market will likely consolidate for another two weeks until Christmas. He disclosed that this bullish projection was primarily based on XRP’s fractal rather than relying on Fibonacci levels. In response to a comment from a crypto community member, the Charting guy agreed that by December 30, XRP would experience a series of strong green weeks, potentially driven either by the Christmas hype or the bullish sentiment surrounding the RLUSD stablecoin. The analyst also agreed that January 20, the inauguration day of Donald Trump as the United States (US) President, could mark the XRP price top, which the market would likely consider a “sell the news event.” Featured image created with Dall.E, chart from Tradingview.com
Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.
XRP, the cryptocurrency associated with Ripple, is currently the subject of much enthusiasm among analysts, who anticipate that it will generate substantial wealth for numerous investors in the years ahead. Related Reading: Tether’s USDT Hits New High—330 Million Wallets And Counting Recent predictions say that the price of XRP could go up a lot, to anywhere from $30 to $200 by 2025, depending on many market factors. Both experienced investors and newbies who want to get in on the cryptocurrency boom are interested in the huge returns that are possible. #XRP HOLDERS WILL BE FILTHY RICH BECAUSE OF THIS! (Price Prediction 2024 – 2025) pic.twitter.com/esdq9eJ6zz — STEPH IS CRYPTO (@Steph_iscrypto) December 11, 2024 Factors Contributing To The Potential Of XRP Rise A number of factors have led to this positive prediction for XRP. Most people are worried about the current legal battle between Ripple and the SEC. As signs of a good outcome appear, investor trust is rising. This legal certainty is very important because it could speed up the use of XRP in global banking. Institutional investors are becoming more interested in Ripple because it changes the way payments are made between countries. By 2025, crypto analyst Steph Is Crypto thinks XRP will have gone up 1,300%, to $30–$35. Since XRP is worth $2.33 right now, this bullish prediction means that buyers will make a lot of money. Instead of waiting for $35, he recommends investors to focus on the daily chart and take profits gradually as XRP rises. Steph warns traders that crypto is uncertain, but he thinks XRP might hit $35 by 2025. Some analysts, such as Ben Beddow, anticipate that XRP could surpass $4.11 by the end of the year, and it could reach $3 within months. Early investors, particularly those who acquired the stock at a lower price, would accrue substantial profits as a result of such price fluctuations. For instance, an investment of $1,000 could potentially increase to $14,000 if XRP achieves those higher objectives. The Potential For A Million The concept of becoming a millionaire through XRP is not merely a pipe dream. Wealth manager Jake Claver suggests that Ripple has the potential to revolutionize international payments in the same way that Amazon did for e-commerce, drawing parallels between XRP and Amazon’s early days. Claver foresees a future in which XRP could execute trillions of transactions per day, potentially causing its price to rise to an astonishing $132. This would be a staggering 23,900% increase from current levels. Related Reading: Eric Trump’s Bold Call: Bitcoin To Soar To $1 Million In ‘Financial Revolution’ Even though such predictions are ambitious, they do not seem impossible, with the growing institutional interest and with the fast pace of development of cryptocurrencies. The growing demand for XRP will force its price to increase as Ripple continues to partner with some of the biggest financial institutions while expanding its use case for global payments. Caution In The Face Of Optimism While the attraction of money is tempting, one must be careful while making such predictions. Cryptocurrency markets are highly volatile, and although some analysts seem positive about XRP’s future, no guarantee is available. Investors must think about taking profits at prices that rise instead of waiting for maximum valuations. Featured image from VOI, chart from TradingView
KaJ Labs, the developer behind the on-chain enterprise platform Atua AI (TUA), has committed $100 million to advance artificial intelligence (AI) applications within the XRP ledger ecosystem. The announcement, made on December 12, 2024 in Dubai, UAE, aims to develop AI-driven solutions tailored specifically for XRP’s infrastructure. XRP Meets AI According to the official press […]
XRP price started a fresh increase above the $2.40 resistance zone. The price is now consolidating gains and might aim for a move above the $2.450 resistance zone. XRP price started a fresh increase above the $2.35 zone. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is a short-term bullish flag forming with resistance at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.45 resistance. XRP Price Eyes Another Increase XRP price started a decent upward move above the $2.25 level, beating Bitcoin and Ethereum. There was a move above the $2.32 and $2.40 resistance levels. The price even spiked above $2.45 before the bears appeared. A high was formed at $2.480 and the price is now consolidating gains. There was a minor decline below $2.40. The price tested the 23.6% Fib retracement level of the upward move from the $1.899 swing low to the $2.48 high. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.40 level. There is also a short-term bullish flag forming with resistance at $2.40 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.450 level. The next resistance is $2.50. A clear move above the $2.50 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.880. Another Drop? If XRP fails to clear the $2.45 resistance zone, it could start another decline. Initial support on the downside is near the $2.30 level. The next major support is near the $2.260 level. If there is a downside break and a close below the $2.260 level, the price might continue to decline toward the $2.180 support or the 50% Fib retracement level of the upward move from the $1.899 swing low to the $2.48 high. The next major support sits near the $2.120 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 – $2.300 and $2.180. Major Resistance Levels – $2.450 and $2.50.
The XRP price continues to exhibit a notable display of strength despite its corrective phase since it reached above $2.8 on December 3 for the first time in almost seven years. Interestingly, technical analysis shows the corrective phase has been highlighted by an ABC corrective pattern on the daily candlestick chart. Consequently, the XRP price […]
A Falling Wedge pattern has emerged on the XRP price chart, fueling speculation of a bullish reversal to new highs. According to a crypto analyst, XRP could reach three potential new price targets if it can break out of the Falling Wedge, with $2.8 being the highest target. Falling Wedge To Trigger XRP Price Surge To $2.8 The XRP price has been on a powerful uptrend in the past month, jumping from $0.5 to over $2 in just one month. Acknowledging this impressive performance, a crypto analyst on TradingView, known as ‘MBM_Crypto,’ has revealed that the XRP price has undergone a pullback and is currently “cooling off” in a Falling Wedge pattern after experiencing its massive upside move. Related Reading: Bitcoin CME Chart Shows Striking Similarities To 2023, Here’s What Happened Last Time A Falling Wedge is a technical chart pattern that indicates a potential price reversal to the upside. Typically seen as a bullish signal, this pattern often appears during a downtrend, featuring two converging trend lines sloping downwards. The TradingView analyst shared a chart detailing the XRP price action in a 2-hour time frame, highlighting the presence of a Falling Wedge pattern. The chart pointed out key areas where XRP is likely to encounter selling pressure, resistance, and indicate optimal buying levels for investors. The analyst suggests that purchasing XRP when its price breaks above $2.51 could be a strategic move, indicating a potential for a bullish breakout following the conclusion of its current consolidation phase. Additionally, he shared key take-profit targets for investors, suggesting that XRP was on track to potentially hit three bullish price milestones if it successfully breaks out of its Falling Wedge pattern. The first target for XRP is $2.6, followed by the second projected leap to $2.7, while the third and highest target is positioned at $2.8. For the XRP price to achieve these key price levels, the TradingView analyst has suggested that it will have to break above the blue resistance zone at $2.42, thus confirming a potential bullish continuation for the cryptocurrency. While the analyst is confident about his optimistic price projection, he has also acknowledged the possibility of a temporary pullback to $2.15 or even $1.96. Following this price correction, the crypto expert believes that XRP could eventually break out of the Falling Wedge and take off. Analyst Says XRP Is ”Super Bullish” Despite trading at $2.4 after experiencing a slight decline in the past weeks, analysts remain highly optimistic about XRP’s future price prospects. Dark Defender, a prominent crypto analyst on X (formerly Twitter), has declared that the XRP price is “super bullish” during this cycle. Related Reading: Solana Price At $4,000? Cup And Handle Pattern Shows Why This Is Possible The analyst observed that XRP is on the verge of finalizing the ABC Corrective Wave pattern in the daily time frame, signaling a potential reversal and the beginning of an uptrend. This pattern will be confirmed once XRP breaks the $2.52 level. Dark Defender has forecasted that the XRP price could exceed this level within 24 hours, triggering a path to the $5.85 target before potentially skyrocketing to $18.22. Featured image created with Dall.E, chart from Tradingview.com
The XRP price break above the $1 and $2 price levels in recent weeks has put the cryptocurrency on the most bullish trajectory since 2018. Although the XRP price is seemingly consolidating since this notable run, analysts continue to anticipate another remarkable run-up that would eventually see it breaking into new all-time highs. According to […]
XRP price started a strong increase above the $2.25 resistance zone. The price is up over 10% and might aim for a move above the $2.50 resistance zone. XRP price started a fresh increase above the $2.25 zone. The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2.215 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.475 resistance. XRP Price Starts Fresh Increase XRP price started a decent upward move above the $2.20 level, beating Bitcoin and Ethereum. There was a move above the $2.25 and $2.30 resistance levels. During the increase, there was a break above a key bearish trend line with resistance at $2.215 on the hourly chart of the XRP/USD pair. The pair was able to surpass the 61.8% Fib retracement level of the downward wave from the $2.64 swing high to the $1.899 low. However, the bears are active below the $2.475 level. It coincides with the 76.4% Fib retracement level of the downward wave from the $2.64 swing high to the $1.899 low. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.45 level. The first major resistance is near the $2.4750 level. The next resistance is $2.50. A clear move above the $2.50 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.880. Another Pullback? If XRP fails to clear the $2.475 resistance zone, it could start another decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.080 support. The next major support sits near the $2.00 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 – $2.280 and $2.200. Major Resistance Levels – $2.4750 and $2.6450.
Crypto analyst Dark Defender has revealed a target to watch out for as the XRP price targets a new all-time high (ATH). The analyst made this prediction based on his wave analysis, which showed that XRP is still bullish. XRP Price To Hit New ATH At $5.85 In an X post, Dark Defender predicted that the XRP price could reach a new ATH of $5.85 based on his ABC wave analysis. The analyst stated that XRP set the ABC wave when the crypto was at Wave A. He further noted that XRP has bounced back from the $1.88 support level. Related Reading: Dogecoin Price Prediction: Here’s What The 91-Day Pattern Says Could Happen Next With this development, the analyst is confident that the XRP price rally to $5.85 has begun. The analyst recently revealed that a bull flag appeared on XRP’s weekly chart, which showed that the crypto could reach as high as $11 by early 2025. Based on his Elliot Wave theory, the analyst had also previously predicted that the XRP market top could be around $18. In the meantime, the goal is for the XRP price to surpass its current ATH of $3.80 and reach $5.85, as Dark Defender has predicted. XRP has witnessed a price correction following its parabolic rally of over 200% last month. However, the crypto looks well primed for its next leg up. From a fundamental perspective, the XRP price boasts a bullish outlook, especially following New York’s approval of the RLUSD stablecoin. Ripple’s CEO Brad Garlinghouse confirmed that exchange and partner listings are set to follow and that RLUSD will launch soon. This development caused the price to experience a significant bounce. Meanwhile, crypto analyst TheXRPguy listed the RLUSD launch as one of the events that market participants wait for before they consider selling their coins. The stablecoin launch would inject more liquidity into the XRP ecosystem, which could spark a significant surge in the XRP price. The Stars Are Aligning For XRP In an X post, crypto analyst CrediBULL Crypto said that the stars are aligning for a massive bull run for the XRP price. He made this statement while alluding to the fact that experts predict that the US Securities and Exchange Commission (SEC) could dismiss its appeal against Ripple when the new administration comes in. Related Reading: This Analyst Correctly Predicted The Bitcoin Flash Crash To $94,000, But There’s A New Target He noted that the SEC lawsuit is the last “lone cloud” lingering above the XRP community. As such, dismissing the appeal could boost investors’ confidence in the crypto, providing a bullish outlook for the XRP price. CrediBULL Crypto suggested that XRP could reach as high as $10 in this bull run while stating that there should be more than one wave of upside remaining. At the time of writing, the XRP price is trading at around $2.34, up over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin’s rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.
In a notable display of resilience amidst a broadly subdued crypto market, XRP has surged 6.7% in the last 24 hours. Following a dip to as low as $1.90 on December 10, the asset is once again trading above $2.36, defying the predominantly bearish sentiment that has taken hold of the altcoin sector. While most altcoins have posted losses or traded sideways over the same period, and Bitcoin has registered only a modest 0.7% gain, XRP’s recent outperformance stands out as a clear anomaly. So, why Is XRP outperforming the crypto market? #1 Imminent Launch Of Ripple’s Stablecoin RLUSD A key catalyst behind XRP’s rally appears to be the imminent launch of Ripple’s long-discussed stablecoin, RLUSD. Yesterday, Ripple CEO Brad Garlinghouse confirmed via X that RLUSD had secured a pivotal regulatory approval. He stated: “This just in…we have final approval from NYDFS for RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from Ripple first.” Related Reading: Analyst Sets $4.40 XRP Target As 3rd-Straight Bull Pennant Forms RLUSD, currently in beta testing on both the Ethereum network and the XRP Ledger (XRPL), has sparked enthusiasm within the XRP community. Members speculate that the stablecoin’s introduction could catalyze increased liquidity and utility for XRP, and the anticipation may be contributing to a surge in speculative interest and so-called “FOMO” (fear of missing out). #2 Strong XRP On-Chain Activity On-chain analysis from Santiment points to encouraging metrics for XRP. The firm noted that “Mean Dollar Invested Age is flashing a bullish signal,” highlighting that younger coin age distributions often precede continued rallies. According to Santiment, the Mean Age of investment for XRP is 865 days (22% younger in 14 weeks). Thus, activity on the XRP network is increasing, with historically similar patterns not reversing until these key indicators start reversing. Related Reading: Weekly Bull Flag Appears On XRP Price Chart, Why A Double-Digit Is Still Feasible “This is one of the key indicators throughout the history of each coin’s lifespan that helps validate that a bull market can and should continue. The 2017 and 2021 bull markets similarly did not come to a halt until assets’ mean ages started going ‘up’ (getting older) again. Though short-term price volatility can continue to be expected, consider this a very valuable bode of confidence if you remain bullish on market prices in the mid and long term,” Santiment states. #3 Whales Buy The Dip Amid Bullish Technical Setup From a technical perspective, the XRP price structure remains extremely bullish on the higher time frames. On the daily chart, XRP managed to hold support above the April 2021 high at $1.96, rebounding swiftly towards the 1.272 Fibonacci extension level near $2.42, where it currently hovers. A sustained break above $2.42 could further reinforce the bullish narrative. Notably, whales recognized the chance and bought the retracement. Crypto analyst Ali Martinez noted via X: “In the recent dip, whales bought over 100 million XRP!” Featured image created with DALL.E, chart from TradingView.com
On Tuesday, Ripple CEO Brad Garlinghouse revealed that the New York State Department of Financial Services (NYSDFS) has granted final approval for the firm’s inaugural stablecoin, RLUSD. Ripple Set To Enter Stablecoin Market With the release of RLUSD, Ripple hopes to provide a reliable option for clients interested in digital currencies while limiting the volatility […]
XRP price found support near the $1.90 zone. The price is recovering losses and the bulls might soon aim for a move above the $2.35 resistance zone. XRP price started a fresh decline below the $2.25 zone. The price is now trading below $2.320 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.22 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.36 resistance. XRP Price Eyes Fresh Surge XRP price extended its decline below the $2.30 level like Bitcoin and Ethereum. There was a move below the $2.20 and $2.050 levels. The price even dived below the $2.00 support. A low was formed at $1.898 and the price is now correcting some losses. There was a move above the $2.20 level. The price climbed above the 50% Fib retracement level of the downward move from the $2.64 swing high to the $1.898 low. Besides, there was a break above a connecting bearish trend line with resistance at $2.22 on the hourly chart of the XRP/USD pair. The pair even spiked above the 61.8% Fib retracement level of the downward move from the $2.64 swing high to the $1.898 low. However, the bears are active below the $2.40 level. The price is now trading below $2.320 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.36 level. The first major resistance is near the $2.40 level. The next resistance is $2.475. A clear move above the $2.4750 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.880. Another Decline? If XRP fails to clear the $2.360 resistance zone, it could start another decline. Initial support on the downside is near the $2.150 level. The next major support is near the $2.050 level. If there is a downside break and a close below the $2.050 level, the price might continue to decline toward the $1.880 support. The next major support sits near the $1.750 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 – $2.1500 and $2.0500. Major Resistance Levels – $2.3500 and $2.4750.
Crypto analyst Dark Defender revealed that a weekly bull flag has appeared on the XRP price chart. The analyst further explained why XRP could hit double digits in this market cycle following this development. Weekly Bull Flag Appears On XRP Price Chart In an X post, Dark Defender stated that a weekly bull flag has now appeared on the weekly XRP price chart. He noted that this bull flag had earlier appeared on the daily chart when XRP was at $0.70, as the crypto targetted the $1.88 price level, which it eventually rallied to. With this bull flag on the weekly, the crypto analyst predicted that XRP could rally to double digits. Related Reading: Bitcoin Price Bull Run: Analyst Reveals Why BTC Will Hit Its Top A Month From Now Below $150,000 His accompanying chart showed that the XRP price could rally to as high as $11 as it breaks out from this bull flag. XRP is expected to hit this price target in early 2025, between January and March. Dark Defender cautioned market participants that there will surely be some sideways price movement. However, the crypto analyst expects the ultimate targets to stay the same. Based on Dark Defender’s previous analysis, the $11 target is unlikely to be the market top for the XRP price, as the crypto analyst predicted that the crypto could rally as high as $18 in this bull run. For now, XRP continues to trade sideways, just as he warned that the crypto would do. The crypto had recorded a parabolic rally last month, recording a price gain of 281%. However, the XRP price has cooled off this month as it consolidates for its next leg up. Dark Defender previously highlighted $2.13 and $2.27 as key support levels to watch out for as XRP ranges. Meanwhile, the analyst mentioned $3.9 and $5.5 as the next targets XRP could reach on its next leg up. An “Optimistic” Target For XRP In an X post, crypto analyst Ali Martinez stated that $48.12 is an “optimistic” target for the XRP price. Meanwhile, he highlighted the $8.40 price level as a conservative target for XRP. These predictions came as the crypto analyst remarked that the crypto looks undervalued after breaking out of a massive multi-year symmetrical triangle, which he highlighted on the chart. Related Reading: Dogecoin Price Prediction: Here’s What The 91-Day Pattern Says Could Happen Next Meanwhile, in another X post, he revealed that the XRP price has formed three consecutive bull pennants on its 4-hour chart. Based on this, Martinez stated that market participants should hope for a retest of $2.25 so they can buy the dip, with XRP targeting $4.40 on its next leg up. A rally to $4.40 will mark a new all-time high (ATH) for XRP. At the time of writing, the XRP price is trading at around $2.18, down over 11% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The approval is a necessary step towards the public launch of the RLUSD token, which is currently in test mode on Ethereum and XRP Ledger.
The XRP price action has played out notable volatility in the past eight or so weeks, with intense trading activity not seen in over six years. Following the U.S. presidential election on November 5, 2024, where Donald Trump secured victory, XRP’s value surged over 400%, reaching a peak of $2.90 on crypto exchange Binance on December 3. However, the XRP price has experienced a downturn in the past week. Interestingly, this XRP price correction seems to be playing out an ABC correction path, with technical analysis suggesting a more downturn before the next leg up. XRP Price Exhibiting ABC Correction The XRP price correction since reaching the $2.9 mark has been highlighted by an ABC pattern that is almost nearing its end. Particularly, this pattern constitutes two downtrend waves A and C and a minor uptrend wave B in between. Related Reading: Bitcoin Price Bull Run: Analyst Reveals Why BTC Will Hit Its Top A Month From Now Below $150,000 According to the price chart below, which is of the XRP/US Dollar pair on the 4-hour candlestick timeframe, the first downtred wave A kicked off after the XRP price was rejected at resistance around $2.9 on December 3 up until it bottomed out around $2.16 on December 5, representing a 25% decline in two days. From there, it went on a minor uptrend wave B, which indicated that the bulls were still in action. Wave B culminated with a lower high at $2.65 on December 9, which translates to another 22% increase in four days. Since reaching this lower high, the XRP price has kicked off another correction path in the past 24 hours, giving rise to the notion of corrective wave C now in action. If a similar trend were to play out like that of wave A, we could see the XRP price correcting by another 25% from $2.65, which would put the bottom just below $2 before another bounce up. This is very logical, considering that the $2 price level serves as a psychological threshold that the bulls would be preventing a break below. Bullish Impulse Suggests Next Move To $2.8 And Beyond At the time of writing, the XRP price is trading at $2.19 and is down by almost 10% in the past 24 hours. The ongoing wave C, which is the final leg of the ABC corrective pattern, could continue on a downtrend until it reaches resistance at $2. Technical indicators support this outlook, especially the Relative Strength Index (RSI). Related Reading: PEPE Price Hits $0.000027 ATH, On-Chain Data Says These Are The People Driving It The RSI has slipped below its overbought zone for the first time since November 10. This signals a cooling off of the bullish momentum that propelled XRP to its recent highs, paving the way for the corrective wave C to run its course. Despite this pullback, market dynamics suggest that a bounce from the $2 level is a strong possibility. Such a rebound could mark the beginning of a renewed bullish wave and drive the XRP price toward $2.80 and beyond. This scenario aligns with the broader outlook for XRP, which is still rolling in investor optimism regarding regulatory clarity after a new US presidential administration comes into power in January 2025. Featured image created with Dall.E, chart from Tradingview.com
Ripple’s XRP is one of the most-talked-about tokens right now, thanks primarily to its erratic price action, a possibly favorable Securities and Exchange Commission (SEC), and potential benefit to the global financial system. Related Reading: Bitcoin State: Florida Pensions Take $1.85 Billion Leap Into Crypto Unlike other tokens, Ripple’s XRP aims to serve the banking […]
XRP price failed to extend gains above the $2.40 zone. The price is down over 10% and might even decline toward the $2.00 support zone. XRP price started a downside correction from the $2.50 resistance zone. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.26 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.32 resistance. XRP Price Dips Again XRP price failed to start a fresh increase above the $2.50 resistance zone. It started a fresh decline below the $2.35 level like Bitcoin and Ethereum. There was a move below the $2.30 and $2.25 levels. The price even dived below the $2.20 support. A low was formed at $1.989 and the price is now correcting some losses. There was a move above the $2.20 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.64 swing high to the $1.98 low. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.250 level. There is also a connecting bearish trend line forming with resistance at $2.26 on the hourly chart of the XRP/USD pair. The next resistance is at $2.30 or the 50% Fib retracement level of the downward move from the $2.64 swing high to the $1.98 low. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.550. More Losses? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.880 support. The next major support sits near the $1.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.0500 and $2.0000. Major Resistance Levels – $2.2500 and $2.3000.
A former XRP skeptic has made an unexpected statement declaring the present price chart of XRP to be the best among all the cryptocurrencies. This surprising praise has sparked debates about Ripple’s digital currency, which still attracts strong advocates as well as outspoken detractors. Although it is uncommon for long-term critics to become optimistic about XRP, a recent observation by the seasoned trader has incited optimism among its supporters. The token’s chart is purportedly gathering momentum, which suggests that there is potential for long-term growth. Related Reading: Ethereum Surge Coming? Analyst Eyes $16,000 Milestone Within 2 Years Not believing in XRP, Peter Brandt has lately described its chart as “the most powerful in the crypto world.” From the digital currency community, the abrupt shift in his tone has drawn eyebrows since many view it as evidence that the token is growing in relevance in the crypto scene. XRP has been under close examination for years due to its relationship with Ripple and continuous regulatory conflicts; yet, recent events have greatly changed the circumstances for many. The constant success of the token has caused some to change their opinions even if the market is erratic. This the most powerful chart in all of crypto world $XRPUSD pic.twitter.com/UexaPB4D9r — Peter Brandt (@PeterLBrandt) December 7, 2024 What Characterizes The XRP Chart? Brandt, who is recognized for his pessimistic perspectives on XRP, identified the token’s present chart pattern as a game-changing factor. According to reports, technical indicators show that an unprecedented breakout may be imminent for XRP. The critic identified critical signs, including an elevated trading volume and an ongoing support level, as indicators of an increasing level of investor confidence. Market analysts have expressed their opinion that XRP’s relative stability amid broader market fluctuations could potentially position it for a substantial rally. It is believed by some that the asset could reach new highs by surpassing resistance levels, thereby further solidifying its status as a significant participant in the crypto ecosystem. The Ripple Effect Beyond technical analysis, Ripple’s strategic partnerships and expansion into new markets have significantly increased the appeal of XRP. Using the altcoin to enable cross-border transactions, Ripple has been aggressively showcasing its payment solutions. These initiatives have drawn attention from institutional investors to the token’s use cases. Restoring investor confidence has also been much aided by Ripple’s most recent court triumph against the Securities and Exchange Commission (SEC). Though the matter is far from closed, the partial verdict in Ripple’s favor has addressed several issues about XRP’s regulatory situation and offers a clearer road forward. Related Reading: Countdown To $5 XRP: Engineer Predicts Milestone On ‘Strong Fundamentals’ A New Era For XRP? Whether the chart of XRP will fulfill its promise remains to be determined; however, the change in sentiment is undeniable. The token, which was previously dismissed by a significant number of individuals, is currently attracting attention as a potential forerunner in the upcoming (or, ongoing?) crypto bull run. This transformation emphasizes the volatile character of the cryptocurrency market, where narratives can evolve at the same rate as prices. Featured image from DALL-E, chart from TradingView
In the latest episode of CBS’s “60 Minutes,” Ripple CEO Brad Garlinghouse made a rare appearance to discuss the intersection of crypto and politics. Despite the high-profile platform, many crypto community members found the segment underwhelming, with Garlinghouse’s contributions being infrequent amidst a broader narrative that lacked depth and balance. Ripple CEO Slams CBS Throughout […]
The Dec. 8 segment on the news program featuring Brad Garlinghouse did not mention that a federal judge ruled XRP was not a security in specific cases.
XRP’s "bullish pennant" could send it to $3.80 before the end of the year.
Brad Garlinghouse, CEO of Ripple, has publicly expressed dissatisfaction with how CBS News’ 60 Minutes portrayed his interview. The Dec. 8 episode, which condensed a 90-minute discussion into a 60-minute segment, omitted key details that Garlinghouse believes were crucial to accurately depicting Ripple’s legal battles and the broader crypto landscape. In a Dec. 9 post […]
The post Ripple CEO Brad Garlinghouse questions ’60 Minutes’ omission of key XRP legal victory appeared first on CryptoSlate.
XRP price remained in a positive zone above the $2.40 zone. The price is consolidating and might aim for a fresh increase above the $2.60 level. XRP price started a downside correction from the $2.65 resistance zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.45 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.550 resistance. XRP Price Holds Key Support XRP price started another increase above the $2.40 resistance zone like Bitcoin and Ethereum. There was a move above the $2.50 and $2.55 levels. However, the bears were active near $2.65. A high was formed at $2.64 and the price started a downside correction. There was a move below the $2.55 and $5.20 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.165 swing low to the $2.645 high. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2.45 on the hourly chart of the XRP/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $2.165 swing low to the $2.645 high. On the upside, the price might face resistance near the $2.50 level. The first major resistance is near the $2.550 level. The next resistance is at $2.650. A clear move above the $2.650 resistance might send the price toward the $2.750 resistance. Any more gains might send the price toward the $2.850 resistance or even $2.920 in the near term. The next major hurdle for the bulls might be $3.00. More Losses? If XRP fails to clear the $2.550 resistance zone, it could start another decline. Initial support on the downside is near the $2.450 level. The next major support is near the $2.40 level. If there is a downside break and a close below the $2.40 level, the price might continue to decline toward the $2.280 support. The next major support sits near the $2.150 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.4000 and $2.3500. Major Resistance Levels – $2.5000 and $2.6500.
The XRP price is consolidating after a crazy 460% surge within four weeks that saw it breaking above $2.8 on December 3 for the first time since 2018. This consolidation saw the XRP price dropping to $2.22 on December 5 as many investors took some profits after the rally. Related Reading: Market Expert: Not Long On XRP? You’re ‘Disrespecting’ Yourself Interestingly, on-chain data shows that XRP whales have taken advantage of this dip to stock up their holdings to essentially prevent further price declines. With this in mind, technical analysis of the coin’s price chart shows that the cryptocurrency is well on track to breaking above the $5 price level in the next three days. Technical Analysis Suggests Breakout To $5.26 By December 11 Amidst the backdrop of whale activity and price consolidation, technical analysis is now pointing to the possibility of the XRP price surpassing the $5 mark within the next three days. This rally hinges on XRP breaking through key retracement levels like it did in November. Interestingly, a crypto analyst (CryptoInsightUK) outlined a compelling case for the altcoin’s next price target, citing a historical pattern in the asset’s movement. His analysis, shared on the social media platform X, highlights how XRP’s range-based corrections often find resistance at the 0.5-0.618 Fibonacci retracement levels. Once these levels are breached, the price tends to rally swiftly toward the 4.236 Fibonacci extension. During XRP’s last breakout, it took just over three days to reach the 4.236 Fibonacci extension after breaking through retracement resistance. During that time, the price surged from below $1.46 to reach $2.9 on crypto exchanges within three days and 17 hours. Based on the current price chart, XRP is once again trading between the 0.5 to 0.618 Fibonacci retracement levels drawn from the recent high of $2.9. If a similar trajectory were to play out, this should push the XRP price on another rally to reach $5.26 by December 11. Such a move would see the XRP price rapidly breaking above its current all-time high of $3.40 that has stood for almost seven days. Interestingly, analyst CryptoinsightUK suggests that the predicted move could unfold even faster this time due to increased market velocity. Whale Accumulation Supports Bullish Price Outlook The behavior of XRP whales is a key factor bolstering the bullish sentiment. Fortunately, on-chain data shows significant whale accumulation during the recent price dip, with some investors purchasing the crypto in bulk. As noted by Santiment data, XRP addresses holding 1 million to 10 million tokens have purchased over 120 million XRP worth $288 million since December 5. This accumulation serves a dual purpose. Not only does it prevent further price declines, but it also provides the liquidity necessary for the next upward movement. Related Reading: Dogecoin Days At The Top Numbered? Cardano Set To Take Over — Analyst At the time of writing, XRP is trading at $2.54. Featured image from Fortune, chart from TradingView
XRP has seen a sharp 25% pullback from its recent local high of $2.90, leaving investors questioning its next move. Despite the correction, many analysts remain optimistic about XRP’s potential to regain momentum, while others predict a deeper retrace before any significant rally. The market appears divided, with bulls eyeing a potential breakout and skeptics bracing for a quiet sell-off. Related Reading: Dogecoin Still In Consolidation – Analyst Expects $0,63 If We Get A Breakout Crypto analyst Harry weighed in on the discussion, sharing a detailed technical analysis on X. He highlighted that XRP could target a $4 price once it completes a deeper retracement. Harry’s analysis suggests that while bullish sentiment remains valid, the path forward might require additional consolidation or even a short-term dip to reset market conditions. This divergence of opinions underscores the uncertainty surrounding XRP’s price action. Will the retrace provide a launchpad for the next rally, or will it pave the way for prolonged bearish pressure? As XRP hovers near key levels, the coming days will determine whether bulls or bears gain control. For now, XRP holders and traders must watch these movements closely, as the token’s future hinges on breaking this current stalemate. Price Action Signals Storm Before The Run XRP has recently faced a significant retrace, and many analysts believe further correction or consolidation could be on the horizon before a bullish continuation occurs. After reaching high levels, the token pauses, with some experts forecasting a stabilization period. However, the bullish camp remains hopeful, anticipating new highs in the coming months as buy-side pressure builds. Top analyst Harry shared his insights on X, pointing out that XRP has yet to retest the critical $1.96 breakout level. Currently, the price is hovering between $1.96 and the 2017 all-time high of $2.77. According to Harry’s technical analysis, this positioning indicates growing bullish momentum. He further suggests that if XRP’s current flag formation breaks to the upside, the token could be poised for a powerful rally toward new highs. Related Reading: SUI About To Break ATH Again – Can Bulls Target $4.20 This Week? This analysis follows weeks of speculation surrounding XRP’s price trajectory, especially in the wake of Bitcoin’s volatile movements. BTC has fluctuated around the $100K psychological level, repeatedly breaking and losing it. These conditions have added an extra layer of uncertainty to the market, leaving traders uncertain of what to expect next. XRP Showing Indecision XRP is trading at $2.40, marking a 14% recovery from its recent local lows of $2.16. Despite this bounce, the token’s price action remains uncertain as market sentiment remains divided. Traders and investors are closely monitoring the next moves, with no definitive signs pointing to either a bullish continuation or the formation of a cycle top. The key levels to watch are $2.25 and $2.50. If XRP manages to hold above the $2.25 support and reclaim the $2.50 level in the near term, it could signal the start of a renewed bullish rally. This scenario would likely attract additional buying pressure, pushing XRP closer to retesting its recent highs. However, the market’s current indecision reflects broader uncertainty, and any failure to reclaim these levels could lead to further consolidation or a potential downside. Related Reading: Cardano Whales Keep Buying – Price Holds Above Crucial Mark As Bitcoin and the broader crypto market experience fluctuating trends, XRP’s next move will be critical in determining its trajectory. For now, the token remains in a delicate position, and traders should exercise caution while keeping an eye on these pivotal price levels. Whether XRP resumes its upward momentum or sees additional correction will largely depend on market conditions in the coming days. Featured image from Dall-E, chart from TradingView
Market participants look to be securing profits, seeing how the XRP price has corrected since its recent parabolic rally. Analyst TheXRPguy has outlined seven reasons why those yet to secure profits should hold on selling their coins, suggesting that more parabolic rallies lie ahead. More XRP Price Rallies Lie Ahead As Analyst List Reasons Not […]