According to CoinMarketCap, Ripple's native XRP token has a maximum supply of 100 billion and a circulating supply of roughly 57 billion.
XRP is trading just below the critical $2 mark, a level that served as the local top during the 2021 bull cycle. The price has been steadily climbing, fueled by bullish momentum, and appears poised to push higher. Investors and analysts closely monitor the charts for a definitive signal to confirm a breakout above this crucial resistance. Related Reading: Dogecoin Consolidates Below Key Supply Level – Analyst Expects Rally Soon This psychological price level is a focal point for market participants, with a successful breach potentially marking the beginning of a sustained rally. Top analyst and investor Dark Defender has weighed in on XRP’s outlook, sharing a detailed technical analysis on X. According to his insights, XRP is expected to reach $2.13 in the coming days before experiencing a brief correction. Dark Defender also anticipates further price gains following this pullback as XRP continues to attract bullish sentiment. A confirmed breakout above $2 could pave the way for new multi-year highs, while a failure to surpass this level may lead to short-term volatility. With its historical significance and current market dynamics, the $2 mark represents both an opportunity and a challenge for XRP. All eyes are now on whether the token can reclaim this milestone and chart a path higher. XRP Attracts New Demand XRP has surged over 50% this week, riding a wave of fresh demand that continues to propel its price toward new supply levels. The bullish momentum has sparked significant interest among investors and analysts, with many speculating on the token’s next move. Top analyst and investor Dark Defender shared a detailed technical analysis on X, highlighting XRP’s evolving market structure on the 4-hour chart. According to his insights, XRP is likely to touch $2.13 soon before facing a potential correction. Dark Defender’s analysis also identifies key resistance levels on the 4-hour time frame. Notably, resistances at $4.11 and $6.42 align with his secondary price target of $5.85, which follows a support retest at $1.88. These levels suggest a roadmap for XRP’s price action if the current rally sustains its momentum. As XRP approaches these critical price zones, the coming weeks will be pivotal in determining its trajectory. While the bullish sentiment dominates, the possibility of corrections or consolidations remains. A decisive break above $2.13 could open the door to new highs, but failure to hold key levels might invite short-term volatility. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target For now, XRP’s impressive performance and emerging demand position it as one of the most closely watched assets in the crypto market. Reaching Multi-Year Highs XRP is currently trading at $1.88 following an impressive run since November 5, marking a staggering 285% increase in less than 30 days. The price recently tagged $1.95, a critical level, and has since entered a consolidation phase as it gathers momentum to push past the pivotal $2 mark. This consolidation suggests that XRP is building the necessary fuel for a potential breakout. The price action remains decisively bullish, supported by strong market sentiment and increasing demand. Analysts are closely watching the cycle’s top at $1.97, as breaking above this level would likely signal the start of a new leg higher. A confirmed breakout past $1.97 would not only reinforce the bullish structure but could also propel XRP to uncharted highs, aligning with predictions of a parabolic rally. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook However, consolidation near these levels indicates that XRP is facing temporary resistance. Market participants are now eyeing key support zones to ensure the current bullish momentum remains intact. If the upward pressure continues, XRP’s next targets could quickly surpass historical levels, solidifying its position as one of the leading assets in the crypto space. For now, XRP remains a focal point for traders and investors as it inches closer to the $2 threshold. Featured image from Dall-E, chart from TradingView
XRP experienced a notable surge of over 20% on Friday, outperforming leading digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This increase has propelled XRP to become the fifth-largest cryptocurrency by market capitalization, now exceeding $107 billion. As of the latest trading data, XRP is priced at $1.87, reflecting a remarkable 99% increase over the past two weeks. This performance has allowed XRP to surpass Binance Coin (BNB) in market capitalization, signaling a resurgence of investor interest. XRP Breaks Free From Three-Year Stagnation The recent rally marks a significant turnaround for XRP, which had been consolidating between $0.30 and $0.60 for nearly three years. This period of stagnation was largely attributed to the end of the 2021 bull run and the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). Related Reading: Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each The SEC’s classification of XRP as an “unregistered security” has created substantial uncertainty for investors, particularly in the US, which has impacted the token’s market performance. However, recent political developments in the United States have contributed to a renewed sense of confidence among crypto investors. Following Donald Trump’s victory on November 5, where he defeated current Vice President Kamala Harris, the cryptocurrency market saw a significant recovery. Bitcoin, in particular, reached a new all-time high of $99,540, leading this resurgence. Trump’s election promises to overhaul regulatory frameworks, including the dismissal of SEC Chair Gary Gensler on his first day in office, have further fueled optimism. Gensler has announced his departure from the agency effective January 20, coinciding with the presidential inauguration, raising hopes that the protracted legal dispute between Ripple and the SEC may soon be resolved. This potential resolution could pave the way for increased investment in XRP and the introduction of new investment products, such as exchange-traded funds (ETFs) focused on the token, with several asset managers having already filed applications. New Price Targets And Support Levels In terms of technical analysis, crypto analyst DarkDefender has noted that XRP has successfully broken through a critical resistance level at $1.44. With the recent uptrend recorded for the fifth largest token on the market, DarkDefender outlined new targets for XRP, including $3.4176 and $11.3233, while also revisiting historical targets of $5.85 and $18.22. Furthermore, the analyst highlighted new support levels at $1.44, $1.28, $1.14, and $1.03. Related Reading: NEAR Q3 Market Cap Dive: Exploring The 27% Plummet And Key Financial Metrics The 4-hour chart indicates a new market structure for XRP, with expectations of touching $2.13 before any potential corrections. New resistance levels are identified at $4.11 and $6.42 within this timeframe, aligning with the main target of $5.85 following the anticipated move above $1.88. Featured image from DALL-E, chart from TradingView.com
XRP has surged past the $1.62 level, placing it less than 5% away from the crucial $2 mark. This impressive rally has seen the price gain over 50% since last Tuesday, capturing the attention of both investors and analysts. The bullish momentum suggests the price could continue its upward trajectory, fueled by growing optimism and […]
Following a week-long period of sideways movement, XRP has resumed its bullish trajectory gaining by 19.81% on Friday to reach a local peak of $1.84. During this price rally, market shares of the prominent altcoin rose to $104.96 billion, as it became the fifth-largest cryptocurrency brushing past Binance Coin (BNB). Related Reading: Ripple CEO Reacts […]
XRP has broken through a key resistance level, reaching price points not seen since its multi-year highs set in 2021. The cryptocurrency has been on an aggressive upward trajectory for over three weeks, signaling strong bullish momentum in the market. Investors and analysts alike are closely monitoring XRP’s price action, as it shows no signs of slowing down. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target Renowned crypto analyst Ali Martinez recently shared a compelling technical analysis, suggesting that XRP is poised to reach the $2 mark in the near future. His analysis highlights XRP’s robust breakout above critical resistance levels, supported by strong trading volume and positive market sentiment. Martinez believes this momentum could propel the token to achieve its next significant milestone much faster than anticipated. As the altcoin market continues to flourish, XRP stands out as one of the top-performing assets, drawing increased attention from both retail and institutional investors. The coming days will be crucial in determining whether XRP can sustain its bullish pace and surpass further resistance levels. With technical indicators aligning with optimistic projections, XRP appears ready to continue its ascent, cementing its place as a leading cryptocurrency in this market cycle. XRP Testing Past Cycle’s Top XRP has reached an impressive $1.93, testing critical supply levels that marked the top of its last cycle. In 2021, Ripple was entangled in legal challenges with the SEC, creating uncertainty for the cryptocurrency. However, the landscape has shifted significantly since then, with Ripple gaining favorable momentum in the lawsuit and renewed investor confidence, propelling XRP to new heights. Martinez has provided an optimistic outlook, sharing a technical analysis on X that suggests XRP will likely surpass the $2 milestone soon. Martinez identifies this level as a key target as the cryptocurrency’s momentum builds. The price of XRP has surged by over 280% in less than a month, reflecting the strength of its current uptrend. Analysts are closely monitoring whether XRP can break above the psychological $2 mark, a level that would signal a continuation of its rally toward multi-year highs. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook The bullish sentiment surrounding XRP is further supported by increasing trading volume and strong demand from both retail and institutional investors. As the token approaches multi-year highs, the focus shifts to whether it can sustain this rally and break through the crucial resistance zone. For now, XRP continues to show remarkable resilience and upward potential, positioning itself as a standout performer in the crypto market. Technical Details XRP is trading at $1.93, following a remarkable 16% surge yesterday and an additional 7% rise today. The cryptocurrency continues its aggressive push toward the critical $2 level, capturing the attention of analysts and investors alike. This sustained rally reflects growing confidence in XRP’s potential as it tests supply zones that once marked last cycle’s peak. Despite the bullish momentum, there’s a strong possibility that XRP may consolidate below the $2 mark for a few days. Such a pause could set the stage for a more explosive move as the broader crypto market gears up for a potential breakout. Historically, consolidations at key resistance levels often precede significant price rallies, and the current setup aligns with this pattern. Related Reading: Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge XRP’s aggressive break above the $1.62 level was a pivotal moment, reinforcing bullish sentiment across the market. Many investors now expect XRP to challenge and surpass its previous cycle’s all-time high (ATH), setting the stage for a new price discovery phase. With momentum on its side and increasing interest from both retail and institutional players, XRP’s path forward could redefine its position in the market, marking a significant milestone in its price journey. Featured image from Dall-E, chart from TradingView
Crypto analyst Vincent has given reasons why the XRP price could rally to as high as $10,000 at some point. This comes amid the recent XRP rally, with the crypto now targeting its current all-time high (ATH) of $3.8. Why The XRP Price Can Reach $10,000 In an X post, Vincent revealed that he had consulted with ChatGPT, and the AI chatbot had told him that the XRP price could easily reach $10,000 per coin. XRP’s market cap is one reason that has been used as an argument as to why the crypto can’t achieve such a price level. The analyst stated that ChatGPT also invalidated the market cap argument, stating that monetary market cap is an invalid metric. Related Reading: Cardano Price Breakout: Bull Flag Rally Points To Another 50% Surge Vincent failed to provide a timeline for when ChatGPT said the XRP price could reach such an ambitious price target. However, he mentioned that he had discussed Ripple with the AI chatbot. This suggests that ChatGPT might have considered Ripple’s influence before making this $10,000 prediction. Indeed, Ripple could play a major role if the XRP price is to come close to or reach this $10,000 target. While predicting that XRP can reach $1,000, crypto analyst CryptoTank alluded to Ripple payments service and cited an instance where the crypto firm’s payment rails are used to process most cross-border transactions. XRP’s use case will increase as Ripple’s payment service enjoys mass adoption, providing a bullish outlook for the XRP price. Meanwhile, it is also worth mentioning the XRP ETFs, which are also bullish. The US Securities and Exchange Commission (SEC) could approve these funds next year, especially with reports that pro-crypto Paul Atkins could replace Gary Gensler. These funds would drive institutional inflows into the XRP ecosystem, sparking a significant price rally. However, it remains to be seen if they could drive the crypto to five figures. A Rally To Double Digits In This Cycle Amid this lofty XRP price prediction of $10,000, crypto analyst Mikybull Crypto has predicted that the crypto could rally to double digits in this market cycle. This came as the analyst stated that XRP was giving 2017 kind of rally vibes, indicating that the crypto could replicate its legendary rally of over 61,000% in that 2017 bull run. Related Reading: Bitcoin Price Rejection At $99,000: Temporary Or End Of The Bull Rally? In line with this, the crypto analyst predicted that XRP price would hit $2, experience a pullback, and then continue its vertical hated rallies to a new cycle top of probably $10. Using the Elliott Wave theory, crypto analyst Dark Defender predicted that XRP could rally as high as $18 in this bull run. At the time of writing, the XRP price is trading at around $1.90, up over 18% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Ripple Labs is on the verge of receiving approval from New York’s top crypto regulator for its new stablecoin, RLUSD. According to a Fox Business report, the New York Department of Financial Services (NYDFS) is expected to greenlight the stablecoin, with a potential launch date set for December 4. Ripple Set To Launch RLUSD Stablecoin […]
In crypto’s recent mini-bull run immediately after Donald Trump’s election victory, one popular token was left with a sluggish price movement: Ripple’s XRP. While Bitcoin raced to hit the $90k level and teased the $100k mark, and some meme coins like Dogecoin showed gains, XRP retained its sideway price movement. Related Reading: Peter Schiff Slams MicroStrategy’s […]
A crypto analyst has shared a technical analysis of the XRP price in a 4-hour time frame. Currently, the XRP chart highlights distinct patterns in market behaviour, suggesting that historical price action may be repeating itself. The analyst predicts that if the cryptocurrency can successfully replicate these bullish historical patterns, it could trigger an upward surge for XRP. XRP Price Patterns Signal Bullish Potential Richard, the crypto analyst on TradingView, popularly known as ‘The Signalyst,’ has declared that history is repeating itself in the XRP price chart. The analyst shared a detailed analytical report on XRP, predicting its future target while examining critical aspects of its current price action. Related Reading: Bitcoin Price Rejection At $99,000: Temporary Or End Of The Bull Rally? According to Richard, the XRP 4-hour chart reveals an intriguing pattern characterised by lower lows and a sharp bullish impulse. The two red arrows labeled “LL” on the price chart indicate areas where the XRP price made lower lows mid-November, signaling a correction or a trend reversal. This downward trend was quickly followed by a period of consolidation within a defined range seen in the green zone on the chart. After experiencing lower lows and bearish momentum, Richard pinpointed that the XRP price entered a corrective phase, stabilizing within the aforementioned green zone. Eventually, XRP broke above this green resistance range, triggering a bullish impulse that pushed the cryptocurrency to its previous price high of $1.5. Although the XRP price has corrected again and was trading at around $1.4 earlier this week, Richard has highlighted that the cryptocurrency seems to be repeating the above historical set-up. Its price has entered a new consolidation phase just below the $1.53 level, signaling the start of its next bullish movement. Should the XRP price repeat this pattern and break above the $1.53 threshold, the analyst suggests that this would validate XRP’s anticipated bullish impulse position and pave the way for a potential rally toward the $2 psychological level. Analyst Labels XRP At $1.4 A Bargain Buy Steph, a crypto analyst on X (formerly Twitter), has called the XRP price a bargain buy at $1.4. Following its surge above $1.5 earlier this month, the XRP price witnessed a slight trend reversal, pushing it down to $1.4. Related Reading: Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000 Steph disclosed that the $1.4 XRP price was a prime buying opportunity for investors, as a breakout to the upside was about to begin. Concerning the predicted breakout, it seems the analyst was spot on, as the XRP price is currently trading at $1.6, marking an 8.7% increase in the last 24 hours. While XRP continues to gain momentum, Steph predicts that the cryptocurrency could soon see an explosive increase to $50. With this bullish scenario in mind, Richard has urged investors to start buying XRP before further adoption drives its price into “the very expensive range,” between $22 and $120. Featured image created with Dall.E, chart from Tradingview.com
Ripple has secured a major win in the class action suit against the crypto firm, XRP II LLC, and CEO Brad Garlinghouse. This win provides a bullish outlook for the XRP price, which analysts say is well primed for another leg to the upside. Ripple Secures Major Win In Class Action Suit The court in […]
According to data from CoinGecko, the total stablecoin market capitalization is over $196 billion as of Nov. 29.
Bitcoin price struggles to overtake $100,000, but the predictable price action is creating a path forward for many altcoins.
XRP price is rising and gaining pace above the $1.480 zone. The price is showing positive signs and might soon aim for a breakout above the $1.60 level. XRP price is eyeing a fresh increase above the $1.5850 resistance zone. The price is now trading above $1.520 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1.4450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain momentum if it clears the $1.600 resistance. XRP Price Starts Fresh Increase Above $1.50 XRP price remained supported near the $1.400 zone. It formed a base and recently started an upward move like Bitcoin and like Ethereum. There was a move above the $1.420 and $1.4350 resistance levels. There was a break above a key bearish trend line with resistance at $1.4450 on the hourly chart of the XRP/USD pair. The pair was able to clear the $1.50 level. There was a clear move above the 61.8% Fib retracement level of the downward move from the $1.6339 swing high to the $1.2594 low. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward move from the $1.6339 swing high to the $1.2594 low. On the upside, the price might face resistance near the $1.5850 level. The first major resistance is near the $1.600 level. The next key resistance could be $1.6350. A clear move above the $1.6350 resistance might send the price toward the $1.6650 resistance. Any more gains might send the price toward the $1.680 resistance or even $1.6920 in the near term. The next major hurdle for the bulls might be $1.70. Another Pullback? If XRP fails to clear the $1.600 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.500 level. The next major support is near the $1.480 level. If there is a downside break and a close below the $1.480 level, the price might continue to decline toward the $1.4550 support. The next major support sits near the $1.400 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 – $1.5000 and $1.4800. Major Resistance Levels – $1.6000 and $1.6350.
Experts are thrilled about the chances that XRP, the cryptocurrency linked to Ripple, will hit new heights. Recent trends show that it could reach $20 if it can regain its 2017 high against Bitcoin. This hopeful prediction is based on the fact that the altcoin has shown strong signs of recovery, having come back from a low point of $1.28 earlier this week. Related Reading: Shiba Inu Eyes Explosive Growth: Over 200% Surge Ahead, Analyst Says XRP’s Most Recent Performance XRP swiftly recovered from that low point, surpassing critical psychological levels at $1.3 and $1.4, and is currently pursuing a stable position above $1.5. The current market rally has led analysts to believe that the crypto asset may outperform Bitcoin due to its upward momentum. Crypto analyst CryptoBull has been particularly vocal about this potential, stating that if XRP can reclaim its 2017 peak against Bitcoin, the price could skyrocket to $20. Analyzing the #XRP price in Dollars vs Bitcoin shows us how early we are in this bullrun. We are still 1,500% behind in Bitcoin value compared to early 2017. If we meet the same Bitcoin value $XRP price will be around $20. pic.twitter.com/ofxd6Izv5g — CryptoBull (@CryptoBull2020) November 26, 2024 XRP has faced great difficulties in its competitiveness with Bitcoin since its all-time top of $3.31 in January 2018. The value of the cryptocurrency in respect to BTC has been dropping over recent months. Still, new data shows XRP has surged by an amazing 111% against Bitcoin this month, implying a possible breakout is about ready. Resistance Levels Broken In order for XRP to maintain its upward trajectory, it must overcome substantial resistance levels. In an effort to conclude the month above the descending trendline that has plagued XRP since July of last year, analysts are closely monitoring the price action. If successful, this could presage additional gains and corroborate a bullish breakout. The current trading value of the altcoin against Bitcoin stands at about 0.00001544 BTC and still remains much lower than it reached at its historical high. CryptoBull still sees hope, though, and believes a similar rally to that of the early 2017 market might send XRP right back into double digits. XRP: Predictions And Market Sentiment The broader cryptocurrency industry is also seeing a comeback while Bitcoin tries to break past the $95,000 level. Analysts believe that if XRP can turn the important $2 resistance level into support, then a fast climb towards $20 might be started. Related Reading: Critical XRP Warning: Analyst Flags Biggest Reason To Sell Apart from these technical factors, regulatory optimism also plays a role in how the market shapes its sentiment. The upcoming resignation of the SEC Chair, Gary Gensler, can lead to better regulatory conditions for cryptocurrencies like XRP, which further boosts the euphoria surrounding Ripple’s prospect. XRP is currently trading at approximately $1.47, which represents a 7% increase in the past 24 hours. Many investors are closely monitoring the altcoin as it navigates this critical phase of its market voyage, as analysts anticipate that bullish momentum will persist. Featured image from DALL-E, chart from TradingView
XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level. XRP price is eyeing a fresh increase above the $1.465 resistance zone. The price is now trading above $1.450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1.4580 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain momentum if it clears the $1.500 resistance. XRP Price Holds Gains Above $1.40 XRP price remained supported near the $1.30 zone. It formed a base and recently started an upward move like Bitcoin and like Ethereum. There was a move above the $1.3550 and $1.3750 resistance levels. There was a break above a key bearish trend line with resistance at $1.4580 on the hourly chart of the XRP/USD pair. The pair was able to clear the $1.50 level. A high was formed at $1.5238 and the price is now consolidating near the 23.6% Fib retracement level of the upward move from the $1.2828 swing low to the $1.5238 high. The price is now trading above $1.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.500 level. The first major resistance is near the $1.5250 level. The next key resistance could be $1.550. A clear move above the $1.550 resistance might send the price toward the $1.5850 resistance. Any more gains might send the price toward the $1.600 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.650 or $1.6550. Another Decline? If XRP fails to clear the $1.500 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.4300 level. The next major support is near the $1.40 level or the 50% Fib retracement level of the upward move from the $1.2828 swing low to the $1.5238 high. If there is a downside break and a close below the $1.40 level, the price might continue to decline toward the $1.3750 support. The next major support sits near the $1.350 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 – $1.4300 and $1.4000. Major Resistance Levels – $1.5000 and $1.5250.
The XRP price is consolidating just below the $1.4 mark, but the technical structure continues to show bullish strength. Interestingly, XRP has been down by about 4.35% in the past 24 hours, reaching a 24-hour low of $1.296, according to Coinmarketcap data. According to an XRP analysis on TradingView, the technical setup is still pointing to a continued price surge. The analysis suggests that XRP could soon rally further, with a near-term price target set at $1.90. XRP Price Bullishness Continues The XRP price surge earlier this month was very unprecedented. Particularly, the XRP price surged from a low of $0.4976 on November 3 to reach a three-year high of $1.6 on November 23. This translates to a 220% price increase in over 20 days. Related Reading: Bitcoin Price Closes Above Bull Channel, Crypto Analyst Reveals What’s Next However, since it reached this three-year high, XRP has entered a correction phase, retreating by almost 20%. Despite this price correction, XRP has largely traded above a main trendline that has propped up the price during the journey up. As it stands, technical analysis shows that the XRP price is about to bounce off or break below this trendline, which could make or do its price trajectory from here. An adherence to this main trendline would see XRP bouncing up to the upside, much like it did on November 24. After bouncing up at this point, XRP continued from a low of $1.2775 to retest the $1.54 price level again on November 24. Now, with the XRP price retesting this major trendline, the more bullish option is an immediate bounce to the upside. A break to the upside would see XRP resuming its uptrend up to the $1.9 price level. Keeping this in mind, the analyst emphasized critical price zones that could shape XRP’s trajectory in the coming sessions. The range between $1.520 and $1.620 has been identified as a crucial area where the price could encounter strong resistance in the coming sessions. Related Reading: What The 50-Day Moving Average At $0.22 Says About The Dogecoin Price What’s Next For XRP? At the time of writing, XRP is trading at $1.39 and is still trading around this main trend line. However, the price has yet to show a decisive bounce from this level. Particularly, current price action points to a continued consolidation in the past few hours. While the XRP price continues to exhibit signs of bullishness, there exists the possibility of a break to the downside. This break to the downside would be highlighted by a daily close below $1.38. Should this occur, XRP is likely to extend its decline with a retest of the next significant support at $1.32. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin’s strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.
In an interview with FOX Business on Tuesday, former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, a leading contender for the role of White House “crypto czar” in the second Trump administration, expressed his belief that the Securities and Exchange Commission (SEC) will drop its case against Ripple Labs. Giancarlo, known in the industry […]
Blockchain firm Ripple is among the four founding members of the newly incorporated XRP Ledger (XRPL) Foundation. Established on Nov. 26 in France, the organization aims to unify and govern the broader XRPL ecosystem. The foundation brings together Ripple, XRPL Labs, XRPL Commons, the former XRPL Foundation, and key members of the XRP community. The […]
The post Ripple invests in Bitwise XRP fund amid new XRPL Foundation launch appeared first on CryptoSlate.
XRP is currently consolidating after a sharp 20% retrace from its recent local high of $1.63, set last Saturday. Despite the pullback, XRP remains a strong contender in the market as it holds firm above critical demand levels, showcasing resilience amid broader market volatility. As Bitcoin flirts with the psychological $100,000 mark, XRP’s price structure continues to signal bullish potential, drawing attention from traders and investors alike. Related Reading: Cardano Reclaims $1 As Network Growth Surges – Larger Breakout Ahead? Crypto analyst and investor Carl Runefelt shared a technical analysis on X, suggesting that XRP could be on the verge of a significant breakout. According to Runefelt, if XRP successfully breaks a key resistance level in its current price range, the asset could retest its local highs of $1.60 in the coming days, setting the stage for another rally. The overall market awakening has injected optimism into the crypto space, with XRP positioned to benefit from the momentum. However, maintaining strength above its current demand zone is crucial for XRP to sustain its bullish trajectory. Investors are closely watching for confirmation of a breakout, as XRP’s ability to reclaim its recent highs could signal the start of a larger upward trend in the weeks ahead. XRP Looks Ready To Continue XRP appears poised for another bullish rally, with technical indicators and market sentiment aligning to suggest a continuation of its upward momentum. As the broader crypto market shows signs of awakening, it stands out as one of the assets with the potential to set new yearly highs in the current cycle. Analysts and investors are increasingly optimistic, with many eyeing the $2 mark as the first significant milestone for XRP bulls. Crypto analyst Carl Runefelt recently shared a detailed technical analysis on X, highlighting a key development in XRP’s price action. According to Runefelt, XRP is nearing the breakout point of a falling wedge pattern, a historically bullish structure. If this breakout materializes, XRP could initially target its recent local high of $1.60. Breaking above this supply zone would signal strong buying momentum, paving the way for XRP to aim for new cycle highs and potentially surpass the $2 resistance level. However, XRP’s journey to new highs isn’t without risks. Should the asset fail to break above the $1.60 level, further consolidation below this price could occur, delaying its bullish trajectory. Such a scenario would likely see XRP retesting key demand zones before attempting another breakout. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million – Local Top Or Continuation? As the market collectively inches toward higher valuations, XRP’s performance remains closely tied to its ability to breach critical resistance levels. A successful breakout above $1.60 would not only validate the current bullish setup but also reinforce confidence in XRP’s potential to lead this cycle’s altcoin rally. Technical Analysis And Key Levels XRP is currently trading at $1.43, showcasing remarkable resilience after a 200% surge from its November 5th lows. While the price has retraced 20% from the local high of $1.63, XRP’s bullish structure remains intact as the broader crypto market gears up for another potential rally. Analysts and investors are optimistic that the price can sustain its momentum, provided key support levels hold firm. The $1.27 mark emerges as a critical demand zone for XRP, maintaining the short-term bullish structure that has driven its recent growth. If XRP successfully defends this level, the price is expected to consolidate before making another attempt to surpass the $1.60 resistance. A break above this key level could open the door for further upside, pushing XRP closer to its next major milestones in this cycle. Related Reading: Bitcoin Leverage Remains High – Data Reveals Selling Pressure Above $93K However, failing to hold above $1.27 could shift market sentiment and lead to deeper corrections. This would challenge XRP’s bullish momentum and potentially test lower support levels, delaying its upward trajectory. As the market looks primed for continuation, XRP’s ability to stay above critical demand zones will determine its performance in the coming weeks. Investors are closely monitoring these levels as the asset eyes another leg higher. Featured image from Dall-E, chart from TradingView
A pro-XRP lawyer lambasted SEC Chair Gary Gensler for not being fair with all cryptocurrency platforms, accusing Gensler of favoring some entities. The Securities and Exchange Commission official was scrutinized as his critics discovered that he had private meetings with the founder of an offshore crypto exchange. Related Reading: El Salvador President’s ‘Rent-A-Volcano’ Bitcoin Mining […]
Bitwise said that it’s planning to rebrand its entire European ETP portfolio as it expands its operations in Europe.
XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term. XRP price is struggling to gain pace for a move above the $1.50 level. The price is now trading below $1.450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $1.4550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain traction if it clears the $1.4550 resistance. XRP Price Stuck Below $1.50 XRP price struggled to gain pace for a move above the $1.50 level. It dipped again and even spiked below the $1.30 level. A low was formed at $1.2828 and the price is now recovering losses unlike Bitcoin and like Ethereum. There was a move above the $1.3250 and $1.340 resistance levels. The price tested the 50% Fib retracement level of the downward move from the $1.5389 swing high to the $1.2828 low. However, the bears seem to be active near the $1.420 resistance zone. The price is now trading below $1.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.420 level. The first major resistance is near the $1.450 level or the 61.8% Fib retracement level of the downward move from the $1.5389 swing high to the $1.2828 low. There is also a key bearish trend line forming with resistance at $1.4550 on the hourly chart of the XRP/USD pair. The next key resistance could be $1.50. A clear move above the $1.50 resistance might send the price toward the $1.550 resistance. Any more gains might send the price toward the $1.600 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.650 or $1.6550. Another Drop? If XRP fails to clear the $1.4550 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3200 level. The next major support is near the $1.30 level. If there is a downside break and a close below the $1.30 level, the price might continue to decline toward the $1.2800 support. The next major support sits near the $1.2650 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 below the 50 level. Major Support Levels – $1.3200 and $1.3000. Major Resistance Levels – $1.4200 and $1.4550.
A majority of pro-crypto or crypto-neutral candidates won their races in 2024, many of whom were supported by media buys from PACs like Fairshake.
XRP Ledger (XRPL) developers have rolled out a new server update to address a recent temporary outage that disrupted node operations. Network outage On Nov. 25, XRPL experienced a partial network outage that impacted several node types, including Full History, Current Ledger, Pathfinding, and Submission nodes. The issue stemmed from a missing ledger that caused […]
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Archax has provided access to Abrdn’s U.S. dollar Liquidity Fund (Lux) in tokenized form on XRPL.Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL.XRP price jumped 6%, touching a high of $1.49 in the hours following the release, before paring gains in a market-wide drop.
XRP price is consolidating gains near the $1.450 zone. The price must clear the $1.50 resistance zone to start a fresh increase in the near term. XRP price is attempting a fresh increase from the $1.300 level. The price is now trading near $1.450 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $1.50 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is showing positive signs and might eye a fresh increase above the $1.50 resistance. XRP Price Holds Gains XRP price formed a base above $1.30 and started a fresh increase. There was a move above the $1.350 and $1.42 resistance levels. It even pumped above the $1.45 level, beating Ethereum and Bitcoin in the past two sessions. The price spiked above the 61.8% Fib retracement level of the downward move from the $1.6340 swing high to the $1.3007 low. However, the bears seem to be active near the $1.50 resistance zone. There is also a key contracting triangle forming with resistance at $1.50 on the hourly chart of the XRP/USD pair. The price is now trading near $1.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.4680 level. The first major resistance is near the $1.50 level. The next key resistance could be $1.550 or the 76.4% Fib retracement level of the downward move from the $1.6340 swing high to the $1.3007 low. A clear move above the $1.550 resistance might send the price toward the $1.6350 resistance. Any more gains might send the price toward the $1.680 resistance or even $1.6850 in the near term. The next major hurdle for the bulls might be $1.720 or $1.750. Are Dips Supported? If XRP fails to clear the $1.50 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.400 level and the triangle’s lower trend line. The next major support is near the $1.380 level. If there is a downside break and a close below the $1.380 level, the price might continue to decline toward the $1.3200 support. The next major support sits near the $1.2650 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 – $1.4000 and $1.3800. Major Resistance Levels – $1.5000 and $1.5500.
Ripple Labs has introduced the first tokenized money market fund on the XRP Ledger (XRPL). The initiative, in partnership with Archax and UK-based asset manager abrdn, signifies a notable advancement in the tokenization of real-world assets (RWA) and the expansion of institutional decentralized finance (DeFi) for the XRP ledger ecosystem. Ripple Enters The RWA Sector […]
Asset manager WisdomTree has filed for an XRP exchange-traded fund (ETF) in Delaware, the first step in the U.S. regulatory process.