XRP price rallied above the $1.15 and $1.20 resistance levels. The price is up over 25% and might rise further above the $1.420 resistance. XRP price started a fresh surge above the $1.20 resistance level. The price is now trading above $1.250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is up over 25% and it seems like the bulls are not done yet. XRP Price Eyes Steady Increase XRP price formed a base above $1.050 and started a fresh increase. There was a move above the $1.150 and $1.20 resistance levels. It even pumped above the $1.25 level, beating Ethereum and Bitcoin in the past two sessions. There was also a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair. A high was formed at $1.4161 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high. The price is now trading above $1.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.400 level. The first major resistance is near the $1.420 level. The next key resistance could be $1.450. A clear move above the $1.450 resistance might send the price toward the $1.50 resistance. Any more gains might send the price toward the $1.550 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80. Are Dips Supported? If XRP fails to clear the $1.420 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3350 level. The next major support is near the $1.2850 level. If there is a downside break and a close below the $1.2850 level, the price might continue to decline toward the $1.240 support or the 50% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high in the near term. The next major support sits near the $1.20 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 above the 50 level. Major Support Levels – $1.3350 and $1.2850. Major Resistance Levels – $1.4000 and $1.4200.
In a recent interview with FOX Business, Brad Garlinghouse, CEO of Ripple Labs, shared insights on the so-called “Trump trade” impacting crypto prices, as evidenced by Bitcoin’s recent streak of consecutive all-time highs over the past 48 hours. Garlinghouse also discussed how Ripple, and the broader digital asset industry, fit into the upcoming regulatory landscape expected under President-elect Donald Trump in the coming year. Ripple CEO Optimistic About Trump’s Pro-Crypto Stance Garlinghouse emphasized that since its inception, Ripple has focused on addressing the inefficiencies of traditional cross-border payments, which he described as “slow and expensive.” By utilizing XRP, the company aims to streamline these transactions, making them faster and more cost-effective. However, the CEO criticized the Biden administration’s stance on digital assets, referring to it as an “unlawful war” against the industry. He expressed optimism that with Trump’s pro-crypto approach, the landscape may be transforming. Related Reading: BlackRock Bitcoin ETF Options Surge: December 20 Call Signals BTC Price Target Of $180,000 When asked about the potential for increased revenue opportunities in the US under the upcoming regulatory changes, Garlinghouse explained that the US Securities and Exchange Commission’s (SEC) lawsuit against XRP had effectively “frozen” Ripple’s market potential in the country. Currently, 95% of Ripple’s customer base is located outside the US, with Garlinghouse pointing out that the company cannot fully realize growth in a market where regulatory clarity is lacking. Garlinghouse observed that while the cryptocurrency industry is flourishing in countries like China, Japan, the UK, and Switzerland, the US has lagged behind in embracing digital assets. Ripple’s CEO expressed hope that the anticipated deregulation under Trump would lead to clearer guidelines, allowing agencies like the SEC and the Commodity Futures Trading Commission (CFTC) to play a constructive role in shaping the industry. Garlinghosue criticized the existing regulatory framework, particularly the application of the Howey Test, which he believes fails to adequately address the unique characteristics of the crypto sector. He also underscored the need for updated regulations that reflect the realities of an industry that has developed significantly over the past decade. US As Digital Asset Hub In Coming Years During the interview, FOX Business highlighted comments from Coinbase’s Chief Policy Officer, Faryar Shirzad, regarding the private meeting between Trump and Brian Armstrong, CEO of Coinbase. Shirzad noted that Trump has expressed a willingness to engage with the crypto industry, fostering a vision for the US to become the global leader in digital assets. Garlinghouse echoed these sentiments, recognizing Coinbase’s influential role in advocating for the cryptocurrency agenda during the election campaign. Related Reading: Bitcoin Rally Driven By U.S. Coinbase Investors – Top Analyst Shares Metrics As speculation mounts regarding potential candidates for the SEC chair position under Trump—names like Dan Gallagher, Teresa Goody, and Commissioner Mark Uyeda have surfaced—Garlinghouse emphasized the importance of the new chair working collaboratively with Congress to address regulatory gaps that contribute to confusion in the market. Garlinghouse concluded with an optimistic outlook, stating that he believes a new era for cryptocurrency is on the horizon in the US. He envisions the country becoming a central hub for digital assets and blockchain technology over the next five to ten years. At the time of writing, XRP is trading at $1.10, marking a massive 104% surge in just two weeks since Trump’s election victory. However, the token is still trading 67% below its all-time high of $3,040, which it reached nearly seven years ago. Featured image from DALL-E, chart from TradingView.com
XRP price is consolidating gains above the $1.00 zone. The price might start a fresh increase if it clears the $1.150 resistance zone. XRP price started a downside correction below the $1.120 level. The price is now trading below $1.120 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $1.1380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $1.150 resistance. XRP Price Holds Support XRP price struggled to start a fresh increase above the $1.150 and $1.180 levels. It started a downside correction and traded below the $1.120 level. It underperformed Bitcoin and struggled like Ethereum in the past two sessions. The price is now trading below $1.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.1380 level. There is also a short-term contracting triangle forming with resistance at $1.1380 on the hourly chart of the XRP/USD pair. The first major resistance is near the $1.150 level. The next key resistance could be $1.1680 or the 61.8% Fib retracement level of the downward move from the $1.2747 swing high to the $0.9988 low. A clear move above the $1.1680 resistance might send the price toward the $1.200 resistance or the 76.4% Fib retracement level of the downward move from the $1.2747 swing high to the $0.9988 low. Any more gains might send the price toward the $1.2250 resistance or even $1.2320 in the near term. The next major hurdle for the bulls might be $1.250 or $1.265. More Downsides? If XRP fails to clear the $1.1380 resistance zone, it could continue to move down. Initial support on the downside is near the $1.100 level. The next major support is near the $1.0650 level or the triangle’s lower trend line. If there is a downside break and a close below the $1.0650 level, the price might continue to decline toward the $1.020 support in the near term. The next major support sits near the $0.980 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.1000 and $1.0000. Major Resistance Levels – $1.1680 and $1.2000.
Bitcoin continues its march toward $100,000, and several altcoins could be poised to hit new all-time highs.
XRP price is correcting gains from the $1.185 resistance zone. The price might revisit the $1.00 support before the bulls appear. XRP price started a downside correction below the $1.120 level. The price is now trading below $1.100 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could retest the $1.00 support zone before the bulls take a stand. XRP Price Dips Again XRP price struggled to extend gains above the $1.180 and $1.20 levels. It started a downside correction and traded below the $1.150 level. It underperformed Bitcoin and Ethereum in the past two sessions. There was a drop below the 50% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. Besides, there was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP/USD pair. The price is now trading below $1.100 and the 100-hourly Simple Moving Average. It is now approaching the 76.4% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. On the upside, the price might face resistance near the $1.100 level. The first major resistance is near the $1.140 level. The next key resistance could be $1.1850. A clear move above the $1.1850 resistance might send the price toward the $1.200 resistance. Any more gains might send the price toward the $1.2250 resistance or even $1.2320 in the near term. The next major hurdle might be $1.250. More Downsides? If XRP fails to clear the $1.140 resistance zone, it could continue to move down. Initial support on the downside is near the $1.040 level. The next major support is near the $1.00 level. If there is a downside break and a close below the $1.00 level, the price might continue to decline toward the $0.980 support in the near term. The next major support sits near the $0.920 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 – $1.1040 and $1.0000. Major Resistance Levels – $1.1400 and $1.1850.
Charles Hoskinson, the founder of Cardano, and David Schwartz, the Chief Technology Officer of Ripple, have unveiled details about a potential collaboration between their respective blockchain platforms. The partnership aims to integrate Cardano’s advanced decentralized finance (DeFi) capabilities with Ripple’s extensive liquidity network, potentially bridging two of the industry’s most prominent ecosystems. Potential Cardano And […]
XRP price is consolidating gains above the $1.050 support zone. The price could soon aim for more gains above the $1.180 resistance zone. XRP price started another increase above the $1.080 resistance. The price is now trading above $1.0850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $1.100 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could soon gain bullish momentum if it stays above the $1.00 support zone. XRP Price Aims Higher XRP price formed a base above the $1.00 level and recently started a fresh increase. It outperformed Bitcoin and Ethereum with a move above the $1.050 and $1.080 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $1.2745 swing high to the $0.9988 low. The bulls even pushed the price above the $1.150 resistance level before the bears appeared. It seems like the price faced resistance near $1.170. The 61.8% Fib retracement level of the downward move from the $1.2745 swing high to the $0.9988 low is acting as a hurdle. However, there is a key bullish trend line forming with support at $1.100 on the hourly chart of the XRP/USD pair. The price is now trading above $1.080 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.1680 level. The first major resistance is near the $1.200 level. The next key resistance could be $1.2740. A clear move above the $1.2740 resistance might send the price toward the $1.3220 resistance. Any more gains might send the price toward the $1.3500 resistance or even $1.3620 in the near term. The next major hurdle might be $1.450. Are Dips Supported? If XRP fails to clear the $1.1680 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.100 level and the trend line. The next major support is near the $1.060 level. If there is a downside break and a close below the $1.060 level, the price might continue to decline toward the $1.000 support in the near term. The next major support sits near the $0.980 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 – $1.1000 and $1.0600. Major Resistance Levels – $1.1700 and $1.2000.
Recently, XRP has gained immense attention in the cryptocurrency world. Its price recently touched new highs and attracted unparalleled public interest. According to Google Trends, search interest for XRP surged on November 16 up to a perfect score of 100. Related Reading: XRP Breaks $1 — Is The Garlinghouse-Trump Connection Fueling The Rise? This significant increase occurred mere days after interest had been stagnant at a measly 8, illustrating the rapidity with which sentiment can fluctuate in the cryptocurrency sector. A Remarkable Increase In Price The increase in search interest is in ideal harmony with the price performance of the coin. The altcoin was trading at approximately $0.77 on November 15, but it had risen to $1.27 by the following day, a remarkable 64% increase in just 24 hours. The current price of XRP is the highest it has been in three years, and many investors are enthusiastic about its potential to attain even greater heights. The most recent instance of a significant increase in interest in the crypto occurred in April 2021, when it reached a high of $1.96. Given the tumultuous history of XRP over the past few years, this recent rally is of particular importance. Now that it has regained its traction, the stagnation period and challenges it experienced have come to an end, and the price levels of the coin are hovering around the $0.40 dollar levels. Analysts are upbeat about its future, noting that the cryptocurrency remains well below its all-time high of $3.84, leaving ample room for potential growth. Factors Contributing To The Increase Newfound enthusiasm for XRP is being driven by a variety of factors. One significant factor is the accumulation of the digital asset by large investors, who are frequently referred to as “whales.” According to reports, these investors have recently invested more than $526 million in XRP, indicating their strong confidence in the cryptocurrency’s future potential. Additionally, the recent increase in open interest for XRP futures indicates that traders are anticipating additional volatility and price fluctuations. The demand for XRP is on the rise as more retail investors become involved in the coin’s promise, motivated by the fear of missing out (FOMO). XRP: Regional Trends And Global Interest Interest in XRP is a worldwide phenomena, not limited in any one area at once. According to the statistics, searches for XRP point the charge towards the Netherlands, Australia, Ireland, Finland, and Slovenia. This general curiosity reflects a more general trend of revived interest in cryptocurrencies as they gather traction among regular investors. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike XRP currently trades at around $1.18. It has been able to maintain its price above $1, while even undergoing minor drawdowns. The digital asset has seen a whopping gain of more than 104% within the last week. Market observers wonder what’s next for it. Although there is a wide range of predictions, from conservative estimates of $5 to more ambitious forecasts that imply potential highs of $300, one thing is certain: XRP is once again on the radar and could be on the brink of an exciting future in the crypto market. Featured image from Block Tempo, chart from TradingView
A crypto analyst has noted that XRP has finally broken out of its long consolidation phase, signaling the onset of a major price rally. He further predicts that the XRP price is on the verge of ending an 11-year SuperCycle, which could pave the way for a surge to $3.4 once finalized. SuperCycle To Trigger $3.4 Surge Skyrexio, a TradingView crypto analyst, has released an XRP price analysis, forecasting a possible increase to $3.4. In the chart analysis, Skyrexio disclosed that XRP has recently broken out of its four-year consolidation period, potentially signaling the start of a bullish uptrend. Related Reading: Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price Unsurprisingly, the total duration of the consolidation period coincides with the number of years XRP has been involved in a legal battle with the United States Securities and Exchange Commission (SEC). Following the lawsuit, the XRP price crashed significantly, staying range-bound for years as it struggled with legal and regulatory challenges. Notably, Skyrexio’s bullish forecast for the XRP price relies on the Elliott Wave Theory, a technical indicator that predicts price movements of an asset by identifying recurrent long-term price patterns. The analyst noted that XRP’s first Elliott Wave began in 2013, almost 11 years ago. After that, the cryptocurrency experienced a price correction, followed by the legendary Wave 3. Over the last three years, the price of XRP had been trading sideways, failing to experience gains that would push its price significantly above the $0.5 mark. Skyrexio has revealed that this prolonged sideways movement can be interpreted as a corrective triangle pattern in Wave 4. The analyst revealed that XRP has successfully broken out of this triangle pattern, signaling the end of its correction phase. He suggests that the cryptocurrency is now in Wave 5, the last wave of its first global SuperCycle. Based on XRP’s Elliott Wave analysis, Skyrexio has outlined two bullish targets for the XRP price. The analyst forecasts that XRP could rise between $2.5 and $3.8 at the end of this SuperCycle. He emphasized that the higher price target at $3.8 is more likely to be achieved, as historical data shows that in 90% of cases, Wave 5 experiences a higher high than Wave 3. Concluding his analysis, Skyrexio pointed out key bullish indicators on his price chart, including a bullish reversal bar and green dot at the end of Subway C. He suggested that these bullish signs, appearing on the monthly time frame, are strong indicators of a potential upward move that could drive the XRP price to its final bullish target. Related Reading: Bitcoin Golden Multiplier Ratio: Analyst Says The Party Is Just Getting Started Update On XRP Price Dynamics The XRP price has achieved a monumental milestone for the first time in years. In just one week, the cryptocurrency rallied by 101.77%, experiencing significant price gains following Donald Trump’s win in the US presidential elections this month. Earlier this year, the price of XRP was stuck in the $0.5 range, experiencing slight gains but unable to break past this critical resistance level. Now, the cryptocurrency has doubled its price and is trading above $1, a historic feat that has caught the attention of the broader crypto community. As of writing, XRP has gained another 10.1% and is priced at $1.16, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
XRP price is up over 25% and moving higher above the $1.00 support zone. The price could accelerate higher if it clears the $1.1380 resistance zone. XRP price started a strong increase above the $0.880 resistance. The price is now trading above $1.00 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1.050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $1.00 support zone. XRP Price Rallies Over 50% XRP price remained supported above the $0.700 level. It formed a base and started a strong increase above $0.8800. It outperformed Bitcoin and Ethereum and surged over 50%. The price even climbed above the $1.00 level before the bears appeared. A high was formed at $1.2747 before there was a pullback. The price dipped below $1.150 and tested $1.100. It tested the $1.00 support. A low was formed at $0.9988 and the price is now rising. There was a move above the $1.050 resistance. Besides, there was a break above a connecting bearish trend line with resistance at $1.050 on the hourly chart of the XRP/USD pair. The price is now trading above $1.050 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.1380 level. It is close to the 50% Fib retracement level of the downward move from the $1.2747 swing high to the $0.9988 low. The first major resistance is near the $1.200 level and the 76.4% Fib retracement level of the downward move from the $1.2747 swing high to the $0.9988 low. The next key resistance could be $1.250. A clear move above the $1.250 resistance might send the price toward the $1.320 resistance. Any more gains might send the price toward the $1.3850 resistance or even $1.40 in the near term. The next major hurdle might be $1.50. Are Dips Limited? If XRP fails to clear the $1.1380 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.050 level. The next major support is near the $1.00 level. If there is a downside break and a close below the $1.00 level, the price might continue to decline toward the $0.9320 support in the near term. The next major support sits near the $0.880 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 – $1.0500 and $1.0000. Major Resistance Levels – $1.1380 and $1.2000.
According to data from CoinMarketCap, XRP rose by 15.57% in the past day to cap off what has been an impressive price performance over the last week. Amidst Bitcoin’s journey to the $90,000 price zone, the seventh-largest cryptocurrency emerged as one of the biggest weekly gainers with a 60.76% price increase. Following this price surge, a crypto analyst with X username BarriC has provided some interesting predictions on XRP’s future. Related Reading: XRP Ledger Booms: $44 Million In Transactions As Activity Soars XRP To Reach $10 In Bull Market, But There’s More In an X post on November 15, BarriC released several price targets for XRP tied to certain conditions. Firstly, the analyst forecasted XRP to attain a market price between $6-$10 in the crypto bull run, representing a minimum potential 500% gain on the token’s present price. These high expectations by BarriC are rather not uncommon due to several factors especially Donald Trump’s recent electoral victory which is expected to usher in a crypto-friendly US government. For XRP, the Republican President sticking to his electoral crypto manifesto holds massive importance as it may bring a decisive end to the legal battle between Ripple and the SEC, and permanently halt the regulatory uncertainty over the token. In addition, Trump’s presidency also boosts the possibility of the XRP spot ETF with the SEC expected to present fewer regulatory hurdles for crypto-linked securities. Following approval, BarriC postulates a spot ETF can drive the altcoin to a market price of $15-$20 if approval comes amidst the bull market run. Furthermore, the analyst discusses a utility run during which the altcoin will undergo massive adoption in its use for cross-border transactions and as an institutional bridge cryptocurrency for banks. If the utility run occurs as predicted with global adoption levels of XRP, BarriC forecasts the altcoin to attain a minimal price of $100. Related Reading: Bitcoin Retail Is Finally Back: These Metrics Point To An Explosion In Interest Market Whales Boost Holdings By 320 Million XRP In other news, whales in the XRP market have acquired over 320 million XRP, valued at $285 million, in the last 72 hours amidst the token’s recent price surge. The coin rose from around $0.69 to reach a local peak of $0.92 as rumors of Gary Gensler’s resignation as SEC chairman circulated on media spaces. While the altcoin has recorded a slight price decline of 1.2% in the past hour, the massive purchase by whales indicates a belief in the asset for long-term profitability. At the time of writing. XRP trades at 0.89, with his market cap value now above $50 billion. In tandem, the token’s trading volume is up by 24.71% and valued at $11.75 billion. Featured image from StormGain, chart from Tradingview
The XRP price has just had its biggest 24-hour surge in years to reach its highest level in over two years. Particularly, XRP surged by about 22% in a few hours to reach $0.8386. This intriguing surge has brought into focus XRP’s potential to challenge the narrative of it being dead. Ironically, this XRP surge […]
Societe Generale-FORGE (SG-FORGE), the digital asset subsidiary of French banking giant Societe Generale, has announced plans to deploy its MiCA-compliant stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger in 2025. The decision makes the XRPL the third blockchain platform for EURCV, following its initial launches on Ethereum and Solana. XRP Ledger Gains French Stablecoin Partner […]
XRP price staged a double-digit rally as traders opened new positions in expectation of a crypto-friendly Trump administration.
XRP is making waves in the crypto market, trading at $0.82 after setting new yearly highs following an impressive 65% surge in just a few days. This rally has captured the attention of investors and analysts, with top analyst Carl Runefelt sharing insights into XRP’s bullish breakout. According to Runefelt, XRP has finally broken above a multi-year resistance level, signaling the potential for a massive rally to higher prices in the coming weeks. Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% Adding to the optimism, recent positive developments in the broader crypto space have further boosted market sentiment. Reports suggest that SEC Chair Gary Gensler may step down, a move that potentially reduces regulatory pressure on the crypto industry. Elected President Donald Trump’s pro-crypto stance and policies also spark renewed interest and confidence among crypto enthusiasts. These factors have created an environment where XRP appears poised for significant gains. As investors watch closely, the focus remains whether XRP can sustain this momentum and continue pushing higher. With key resistance levels cleared and favorable news driving sentiment, XRP is positioning itself as one of the most promising assets in the crypto space right now. XRP Staring A Bullish Phase XRP has entered a promising new bullish phase after years of lackluster performance and prolonged legal battles with the SEC in the U.S. This resurgence sparks optimism among investors and analysts alike, with top crypto analyst Carl Runefelt sharing a compelling technical analysis on X. Runefelt highlighted XRP’s breakout from a multi-year resistance level, which signals a significant shift in its price trajectory. In his analysis, Runefelt cautiously predicted that XRP could reach $2 during this bull cycle, a modest target compared to analysts who foresee price levels soaring past $20. The breakout marks a turning point for XRP, which has faced years of sideways price action and persistent selling pressure. Legal setbacks, regulatory uncertainty, and market skepticism had kept the asset underperforming relative to its peers. However, with favorable developments in the broader crypto market and the ongoing adoption of blockchain solutions, XRP is regaining its footing. Related Reading: Solana ‘God Candle Is Close’ As It Breaks From Crucial Resistance – Top Analyst Many believe the coming months could be transformative for XRP, with the potential to finally rise above its previous all-time high of $3.84 set in January 2018. As bullish momentum builds and investor confidence strengthens, XRP is positioned to be one of the standout performers in this market cycle. Bullish Price Action: Key Supply Levels To Watch XRP trades at $0.82 following a massive breakout that clears multiple resistance levels, signaling renewed bullish momentum. This surge has reignited optimism among investors as XRP demonstrates strength after prolonged underperformance. The next critical supply level for XRP to test lies at $0.92, a price point it hasn’t revisited since 2021. A successful breakout above $0.92, followed by consolidation and support building at this level, could open the door for significant upward movement. If XRP maintains its bullish momentum and establishes $0.92 as a support zone, demand could skyrocket, propelling the price toward the $1.4 level. This would mark a significant milestone, aligning with broader market optimism and strengthening investor confidence in XRP’s long-term potential. Related Reading: Chainlink Whales Waking Up – Data Shows Signs Of Accumulation However, the possibility of a failed breakout above $0.92 cannot be ignored. If the price struggles to hold this level, XRP could enter a consolidation phase, remaining range-bound until new catalysts emerge. Such a scenario would likely delay the next major move but might offer opportunities for accumulation. As the price continues its climb, traders and investors are closely monitoring these key levels, recognizing that the outcome could define the next chapter of XRP’s price action in this bullish cycle. Featured image from Dall-E, chart from TradingView
Bitcoin is witnessing a shallow pullback, but bulls still anticipate a rally toward $100,000 in the short-term.
XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone. XRP price started a strong increase above the $0.720 resistance. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.7400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.7240 support zone. XRP Price Gains Strength XRP price remained supported above the $0.620 level. It formed a base and started a strong increase above $0.7000. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.740 resistance. The price even climbed above the $0.850 level before the bears appeared. A high was formed at $0.8989 before there was a pullback. The price dipped below $0.820 and tested $0.720. It tested the 61.8% Fib retracement level of the upward move from the $0.6700 swing low to the $0.8989 high. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.740 on the hourly chart of the XRP/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.6700 swing low to the $0.8989 high. On the upside, the price might face resistance near the $0.8450 level. The first major resistance is near the $0.8880 level. The next key resistance could be $0.900. A clear move above the $0.900 resistance might send the price toward the $0.9250 resistance. Any more gains might send the price toward the $0.9550 resistance or even $0.9620 in the near term. The next major hurdle might be $0.9850. Are Dips Limited? If XRP fails to clear the $0.8450 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.80 level. The next major support is near the $0.7550 level. If there is a downside break and a close below the $0.7550 level, the price might continue to decline toward the $0.740 support in the near term. The next major support sits near the $0.7240 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 – $0.8000 and $0.7550. Major Resistance Levels – $0.8450 and $0.8880.
Ethereum price started a downside correction below the $3,250 zone. ETH is now consolidating near $3,000 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,250 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,000 zone. Ethereum Price Hits Support Ethereum price failed to extend gains above the $3,450 zone and started a downside correction like Bitcoin. ETH declined below the $3,320 and $3,250 support levels. The bears even pushed the price below the $3,120 zone. It tested the $3,000 support zone. A low was formed at $3,031 and the price is now consolidating losses. It might soon test the 23.6% Fib retracement level of the recent decline from the $3,340 swing high to the $3,031 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,120 level. The first major resistance is near the $3,200 level. There is also a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD. The main resistance is now forming near $3,265 or the 76.4% Fib retracement level of the recent decline from the $3,340 swing high to the $3,031 low. A clear move above the $3,265 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,200 resistance, it could continue to move down. Initial support on the downside is near the $3,040 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward $2,950. Any more losses might send the price toward the $2,880 support level in the near term. The next key support sits at $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,040 Major Resistance Level – $3,200
Societe Generale‘s crypto subsidiary, SG-FORGE, has announced plans to extend its EUR CoinVertible (EURCV) stablecoin to the Ripple-backed XRP Ledger (XRPL), according to a Nov. 14 statement. According to the lender, XRPL’s swift cross-border payments and efficient asset tokenization capabilities make it an ideal platform for EURCV’s continued growth. SG-FORGE explained that XRPL’s 3-5 seconds […]
The post Societe Generale expands its stablecoin to Ripple’s XRP Ledger to drive further adoption appeared first on CryptoSlate.
Executives of two prominent cryptocurrencies are in the exploratory stage of a possible partnership between the two crypto platforms. If it pushes through, it might set an example and pave the way for future alliances among key players in the crypto space, generating excitement in the digital currency community. Related Reading: Tourist’s Nightmare In Thailand: […]
XRP price is slowly moving higher above the $0.6320 support zone. The price tested the $0.7450 zone and is currently correcting gains. XRP price started a decent increase above the $0.6320 resistance. The price is now trading above $0.6450 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.6280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.6160 support zone. XRP Price Eyes More Upsides XRP price remained supported above the $0.600 level. It formed a base and started a fresh increase above $0.6200. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.6320 resistance. The price even climbed above the $0.7320 level before the bears appeared. A high was formed at $0.7488 before there was a pullback. The price dipped below $0.7200 and tested $0.700. It tested the 50% Fib retracement level of the upward move from the $0.6419 swing low to the $0.7488 high. The price is now trading above $0.6320 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.6280 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.7220 level. The first major resistance is near the $0.7480 level. The next key resistance could be $0.7550. A clear move above the $0.7550 resistance might send the price toward the $0.7780 resistance. Any more gains might send the price toward the $0.7950 resistance or even $0.800 in the near term. The next major hurdle might be $0.8220. Another Drop? If XRP fails to clear the $0.7220 resistance zone, it could start another decline. Initial support on the downside is near the $0.6820 level. The next major support is near the $0.6670 level and the 76.4% Fib retracement level of the upward move from the $0.6419 swing low to the $0.7488 high. If there is a downside break and a close below the $0.6670 level, the price might continue to decline toward the $0.6160 support in the near term. The next major support sits near the $0.600 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 – $0.6820 and $0.6670. Major Resistance Levels – $0.7220 and $0.7450.
In an exchange on X (formerly Twitter), Ripple’s Chief Technology Officer David Schwartz, also known as “JoelKatz”, addressed criticisms about his company and the XRP Ledger. Has Ripple Failed With Its Payments Business? User @188ape challenged Schwartz by questioning the uniqueness of the XRPL in today’s market, stating that it seems like “most new layer […]
After securing a Republican Senate and a pro-crypto White House, crypto firms are now pushing for reforms at the SEC.
Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.
XRP price is up over 10% and moving higher above the $0.620 support zone. The price tested the $0.740 zone and is currently correcting gains. XRP price started a decent increase above the $0.620 resistance. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.6180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.6200 support zone. XRP Price Eyes More Upsides XRP price remained supported above the $0.5850 level. It formed a base and started a fresh increase above $0.6000. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.650 resistance. The price even climbed above the $0.70 level before the bears appeared. A high was formed at $0.740 before there was a pullback. It dipped below $0.7200 and tested $0.700. The price traded toward the 50% Fib retracement level of the upward move from the $0.6063 swing low to the $0.7400 high. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.6180 on the hourly chart of the XRP/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.6063 swing low to the $0.7400 high. On the upside, the price might face resistance near the $0.700 level. The first major resistance is near the $0.7080 level. The next key resistance could be $0.7250. A clear move above the $0.7250 resistance might send the price toward the $0.740 resistance. Any more gains might send the price toward the $0.7550 resistance or even $0.7650 in the near term. The next major hurdle might be $0.780. Another Drop? If XRP fails to clear the $0.7080 resistance zone, it could start another decline. Initial support on the downside is near the $0.6750 level. The next major support is near the $0.6250 level and the trend line. If there is a downside break and a close below the $0.6250 level, the price might continue to decline toward the $0.6050 support in the near term. The next major support sits near the $0.600 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 – $0.6750 and $0.6250. Major Resistance Levels – $0.7080 and $0.7250.
Ripple President Monica Long has revealed that the company’s upcoming US dollar stablecoin, Ripple USD (RLUSD), has already secured early customer commitments prior to its official launch. Speaking at the Singapore Fintech Festival, Long emphasized that stablecoins are set to become a “massive trend” in the payments industry. Ripple Is Waiting For Regulatory Approval In […]
XRP price is slowly moving higher above the $0.5880 support zone. The price tested the $0.6330 zone and is currently correcting gains. XRP price is struggling to gain pace like Bitcoin. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.5700 support zone. XRP Price Holds Support XRP price remained supported above the $0.5550 level. It formed a base and started a fresh increase above $0.5800, but gains were limited compared to Bitcoin and Ethereum. There was a move above the $0.6150 and $0.62200 resistance levels. The bulls even pushed the price above the $0.6300 level before the bears appeared. A high was formed at $0.6336 before there was a pullback. The price dipped below $0.6220 and tested $0.6150. It tested the 50% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high. On the upside, the price might face resistance near the $0.6150 level. The first major resistance is near the $0.6220 level. The next key resistance could be $0.6350. A clear move above the $0.6350 resistance might send the price toward the $0.6465 resistance. Any more gains might send the price toward the $0.6550 resistance or even $0.6720 in the near term. The next major hurdle might be $0.6880. Another Drop? If XRP fails to clear the $0.6150 resistance zone, it could start another decline. Initial support on the downside is near the $0.5980 level. The next major support is near the $0.5940 level and the trend line. If there is a downside break and a close below the $0.5940 level, the price might continue to decline toward the $0.5700 support in the near term. The next major support sits near the $0.5550 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 – $0.5980 and $0.5940. Major Resistance Levels – $0.6150 and $0.6350.
XRP price gained pace for a move above the $0.5800 support zone. The price rallied toward $0.6150 resistance and recently corrected gains. XRP price is struggling to rise steadily like Bitcoin. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5780 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it stays above the $0.5720 support zone. XRP Price Eyes More Gains XRP price remained supported above the $0.5250 level. It formed a base and started a fresh increase above $0.5550, but gains were limited compared to Bitcoin and Ethereum. There was a move above the $0.5850 and $0.6000 resistance levels. The bulls even pushed the price above the $0.6050 level before the bears appeared. A high was formed at $0.6162 before there was a pullback. The price dipped below $0.600 and tested $0.5640. A low was formed at $0.6162 and the price is now attempting a fresh increase. There was a move above the $0.580 resistance. The price surpassed the 50% Fib retracement level of the recent decline from the $0.6162 swing high to the $0.5630 low. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5780 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.5950 level or the 61.8% Fib retracement level of the recent decline from the $0.6162 swing high to the $0.5630 low. The first major resistance is near the $0.6040 level. The next key resistance could be $0.6150. A clear move above the $0.6150 resistance might send the price toward the $0.6220 resistance. Any more gains might send the price toward the $0.6350 resistance or even $0.6420 in the near term. The next major hurdle might be $0.6500. Another Decline? If XRP fails to clear the $0.600 resistance zone, it could start another decline. Initial support on the downside is near the $0.5820 level. The next major support is near the $0.5780 level and the trend line. If there is a downside break and a close below the $0.5780 level, the price might continue to decline toward the $0.5650 support in the near term. The next major support sits near the $0.5500 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 – $0.5820 and $0.5780. Major Resistance Levels – $0.6000 and $0.6150.
Mark Uyeda, a commissioner at the US Securities and Exchange Commission (SEC), has expressed full support for US President-elect Donald Trump’s plan to end the hostility against the crypto industry. Interestingly, Uyeda has been touted as one of the potential replacements for SEC Chair Gary Gensler who is widely expected to be sacked upon Trump’s […]
Ripple Labs could be exploring the launch of a dirham-backed stablecoin in the United Arab Emirates (UAE), expanding beyond its existing US-dollar-backed stablecoin, RLUSD. This speculation arises following Ripple’s newest blog post dated November 7, 2024, titled “UAE Stablecoin Regulation: A Blueprint for Financial Innovation.” The post hints at significant interest by Ripple in a […]