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An extended technical review aired Tuesday on Sistine Research’s YouTube channel has placed XRP at the top of the current market hierarchy and mapped a price trajectory that—if historical analogues and present chart structure hold—could lift the token as high as $73 in a late-cycle blow-off. Speaking during the firm’s regular live-stream, analyst Forrest began by ranking assets that have rallied since the US election on 5 November 2024. “XRP is the number-one performing coin since the election, the strongest coin on my watch-list,” he said, displaying a four-hour relative-performance chart that compared crypto majors, select altcoins, metals and equities. The next-best performers—HBAR and XLM—were described as “beta” plays that historically accelerate only after XRP begins to trend. Can XRP Reach $73 This Cycle? Forrest’s thesis hinges on what he called a “seven-year flag and breakout” visible on XRP’s monthly time frame. The pattern comprises the long consolidation that followed the 2017 bull market and a second, five-month bull flag carved out this year. “Why would I not own a chart that looks like this?” he asked, noting the rarity of multi-cycle structures that break decisively to the upside without retracing the move. In his view, the next critical trigger sits above $3.00–3.30, where XRP’s prior all-time high was set in January 2018. Once breached, the analyst argues, momentum traders who “feel like they’ve missed it” will encounter a higher-time-frame market that is in fact just warming up: “Above three dollars I get even more bullish. The higher this goes, the more bullish it becomes—up to a point, of course.” Related Reading: XRP Eyes $2.50 Decision Zone As Macro Wave Structure Takes Shape Forrest offered a ladder of profit-taking zones: $7–10 — initial resistance where early longs may start trimming. $17–37 — an intermediate band calibrated from Fibonacci extensions and prior percentage moves. $73 — the “absolute” target, projected by measuring the full height of the 2017 breakout and extending it from the current flag’s pivot. He acknowledged that the $73 figure “sounds crazy” with XRP trading near $2.28 at the time of the stream but argued that similarly outsized moves materialised in past crypto supercycles. During the 2017 run, XRP advanced roughly 1,400% from its breakout flag; applying a comparable ratio to today’s structure yields Forrest’s upper bound. While the tone remained unambiguously bullish, the analyst did outline scenarios that would invalidate the thesis. A decisive breakdown below the present trading range—he cited the $1.80–1.90 area—could force a “round-trip” to the mid-$1 zone and delay the upward resolution. For now, however, he sees range-bound price action as constructive: “As long as we’re holding range, I’m not entertaining the deep retrace.” Related Reading: XRP Price: Analyst Says Expect Biblical Move Before Historic Crash – Here Are The Targets Forrest also distinguished between holding spot XRP—“a no-brainer”—and employing leverage, reminding viewers that structural targets are measured in months and that leveraged positions may not survive interim volatility. Sistine Research’s macro overlay remains resolutely pro-risk through the summer. The firm’s proprietary “Bitcoin Blueprint” identified the 7 June–21 June window as a historically bullish pocket. That seasonal tailwind, combined with the technical setup, underpins Forrest’s conviction that XRP will continue to outperform not only rival tokens but also traditional safe-haven assets such as gold and silver, which the firm nonetheless holds as portfolio hedges. Whether XRP can emulate its 2017 trajectory will depend on broader liquidity conditions, regulatory milestones in the ongoing SEC litigation, and the extent to which institutional flows diversify beyond Bitcoin and Ethereum. Yet the Sistine Research desk is positioned as though the heavy lifting is already under way: “It’s slowed down a little recently, but I expect this overall trend to continue.” At press time, XRP traded at $2.32. Featured image created with DALL.E, chart from TradingView.com

#xrp #altcoin #xrp price #coinmarketcap #xrp news #xrpusd #xrpusdt #dark defender #egrag crypto #casitrades

Crypto analyst Babenski has declared that the XRP price is breaking for a breakout. The analyst highlighted a bullish pattern that was forming, which could spark a rally to a new all-time high (ATH).  XRP Price Forms Flag Pattern Which Points To $5 In a TradingView post, Babenski revealed that the XRP price is forming a small flag pattern above a previous big accumulation zone. The analyst added that it looks like a breakout could happen soon. His accompanying chart showed that the altcoin could rally to as high as $5 on this breakout, which would mark a new all-time high (ATH).  Crypto analyst Dark Defender also recently predicted that the XRP price could rally above $5 on Wave 5 of the impulsive move to the upside. He remarked that the altcoin has been descending since January 17 this year and that the support level is increasing. In line with this, the analyst noted that there is an intersection now. Dark Defender declared that this is where XRP will decide within two weeks.  Related Reading: Why A Sweep At $2 Is Important For XRP Price To Continue Rallying His accompanying chart showed that the XRP price could hit $5.8563 on this move to the upside. In another X post, he affirmed that the altcoin is already on its way to a new all-time high. Crypto analyst Egrag Crypto also highlighted the fact that XRP was at a crossroads and could make a major move soon.  In his most recent analysis, he stated that the XRP is at a critical juncture with a major formation breakout. The analyst remarked that the probabilities are about 70% to 80% for an upside breakout and 20% to 30% for a downside move. He added that the breakout is likely to be triggered by some fundamental news and that the chart hints that this news is imminent. These fundamentals are expected to be strong enough to break through key resistance levels.  Things Are About To Get Exciting For XRP In an X post, crypto analyst CasiTrades declared that things are about to get exciting for the XRP price. She noted that the entire consolidation structure is reaching its final moments. With price at a standstill and momentum dormant, she said that this is exactly how large market moves are born.  Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? CasiTrades mapped out subwave 2 extensions from the recent local low. She stated that if that was indeed the Wave 2 bottom, then the measured extension projects upside targets. These targets align in the $8 to $13 macro zone which she has been highlighting for over a year. The analyst noted that this kind of alignment across structure, time, and Fibonacci extensions is rare, which is why everyone should be macro bullish on the XRP price.  At the time of writing, the XRP price is trading at around $2.29, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

#xrp #altcoin #xrp price #xrp news #xrpusd #xrpusdt #fibonacci levels #descending channel #master ananda

The XRP price is turning bullish once again, with new technical analysis indicating that the altcoin could be on track for a fresh All-Time High (ATH). As the price moves toward breaking key resistance levels, analysts are calling for a potential surge above $4. Alongside this outlook, they have provided detailed trading guidance and identified the ideal timeframe for investors to consider taking profits.   Master Ananda, a prominent TradingView analyst, has reported that XRP is currently showing strong technical signs of a bullish breakout that could lead to new all-time highs above $4.5. Despite experiencing a months-long downtrend, the cryptocurrency appears to be entering a powerful new growth phase that could bring its price significantly higher than previous ATH levels around $3.84.  XRP Price Eyes Huge ATH Breakout Above $4.5 Notably, the TradingView analyst points to the bottom of a recent correction forming on April 7, with a peak established on May 12. This was followed by a 24-day retracement phase that ended on June 5, when XRP formed a higher low. Based on these price movements, Master Ananda notes that it’s been approximately 27 days since XRP last saw bullish price action, marking almost an entire month of consolidation.  Related Reading: XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH Nevertheless, the analyst highlights that the recent confirmation candle on June 8 supports the expectation that XRP is resuming its upward trajectory. The analyst’s chart illustrates a clear breakout from a descending trendline, followed by a shift into an ascending channel. This formation, paired with substantial volume activity and a bullish price structure, signals a possibly strong rally for XRP. Fibonacci levels drawn on the chart suggest that XRP could reach a near-term target of $4.5 (1.618 Fob) after surpassing upper resistance levels at $2.71 and $3.019. The chart also shows a potential for XRP to exceed this initial $4.5 level to reach $6.29 (2.618 Fib).  Notably, Master Ananda predicts that XRP could reach a peak before most assets this cycle, as its bullish momentum had an early start with a historic run from $0.5 to slightly above $3 this year. The analyst also forecasts that once XRP reaches the top, a significant correction could follow, potentially marking the end of the current bullish setup.  Analyst Unveils Trading Strategy And Take Profit Zone Beyond short-term price action, Master Ananda outlines a broader trading strategy focused on holding through the current growth wave. Rather than taking incremental profits around the $2.71 and $3.02 price highs, the analyst recommends that traders maintain a full position until XRP hits the $4.5 target and take-profit zone.  Related Reading: Wave Structure Puts XRP Price In The $18.22-$23.20 Range In The Short Term This approach is designed to capture the maximum upside potential of this bullish cycle without diluting gains through early exits. Once XRP reaches this level, the analyst suggests taking profit partially—-not to exit entirely but to prepare capital for a potential redeployment during the next market retracement.  Master Ananda also positions XRP as a lead indicator in what could be an extended altcoin bull market. A breakout above $4.5 will likely trigger explosive growth in lower-cap cryptocurrencies. While XRP is expected to generate up to 50% gains, these assets, according to the TradingView analyst, have the potential to yield returns of 150% in a single day.  Featured image from Getty Images, chart from Tradingview.com

#xrp #research #alpha #xrp open interest

A slow but clear divergence is emerging in XRP’s derivatives market: open interest has eased modestly over the past month, but the amount of leverage employed by traders is steadily rising. With spot demand softening and funding rates climbing to near their monthly highs, XRP appears to be entering a phase of elevated positioning risk, […]
The post XRP derivatives traders boost leverage as funding costs jump appeared first on CryptoSlate.

#technology #investments #adoption #xrp #tokens

VivoPower has committed $100 million in XRP to Flare Network’s ecosystem in a bid to boost returns on its digital asset holdings, according to a June 11 statement. Through this move, VivoPower intends to leverage Flare’s on-chain protocols, including Firelight, to generate sustainable yield from its XRP reserves. The company plans to channel all earned […]
The post VivoPower commits $100 million in XRP for Flare Network to earn yield on treasury appeared first on CryptoSlate.

#ethereum #markets #bitcoin #policy #people #regulation #xrp #exchanges #polygon #funds #zkevm #donald trump #sidechains #equities #macro #token projects #deals #crypto infrastructure #strategy #companies #crypto ecosystems #layer 1s #layer 2s and scaling #organizations #u.s. policymaking #finance firms #rate decisions #public equities #wallet makers #mergers & acquisitions #analyst reports #private company mergers and acquisitions

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

#finance #news #ripple #xrp #flare network

The Nasdaq-listed firm, which recently adopted an XRP-focused treasury strategy, aims to generate yield on its digital asset holdings via Flare.

#markets #news #xrp #xrp ledger #ai market insights

The XRP token is establishing key support levels, as per CoinDesk’s AI-driven analysis tool.

#ripple #xrp #xrpusd #xrpusdt #xrpbtc

XRP price started a fresh increase above the $2.265 zone. The price is now consolidating and might aim for an upward move above the $2.30 resistance. XRP price started a decent upward move above the $2.250 zone. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.2750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.30 resistance zone. XRP Price Consolidates Gains XRP price formed a base and started a fresh increase from the $2.10 zone, like Bitcoin and Ethereum. There was a move above the $2.150 and $2.20 resistance levels. The bulls even pushed the price above the $2.25 level. Finally, the price tested the $2.320 resistance. A high was formed at $2.3294 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $2.2750 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.320 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.420 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50. Downside Break? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.2750 level and the trend line. The next major support is near the $2.250 level and the 76.4% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 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 – $2.2750 and $2.250. Major Resistance Levels – $2.30 and $2.320.

#markets #news #ripple #evm #xrp #xrp ledger

The testnet for the XRPL EVM sidechain has shown rapid growth.

#markets #news #ripple #xrp #brad garlinghouse

Garlinghouse says he's "bullish on stablecoins."

#bitcoin #crypto #xrp #altcoin #altcoins #token #memecoins #xrpusd

According to crypto entrepreneur Edoardo Farina, most individual XRP holders could find themselves shut out as inflation and tight budgets squeeze their options. He argues that owning more than 10,000 XRP – which costs about $23,100 at a price of $2.31 per token – has become a barrier for anyone living paycheck to paycheck. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Rich List Data Reveals Concentration Based on reports, there are about 6.55 million XRP wallet addresses in existence. Less than 4% of those wallets contain at least 10,000 XRP. A clear majority, over 5 million addresses, hold 500 XRP or fewer. That gap shows how stacked the system is. More than 166,250 wallets sit in the 10,000–25,000 XRP range. Another 159,566 wallets carry between 5,000 and 10,000 XRP. These figures point to a small group with deep pockets, while the rest trail far behind. Owning more than 10,000 $XRP nowadays is already a luxury few people can afford. — EDO FARINA ???? XRP (@edward_farina) June 9, 2025 Inflation Pressures Hit Small Holders Farina warns that rising inflation is forcing ordinary holders to sell just to cover daily needs. He notes, “We’re already seeing people around the world selling their XRP just to buy groceries.” When basic goods cost more each month, people feel they have no choice but to cash out their crypto. It’s a harsh reality. Owning large amounts of XRP has morphed from a luxury into a struggle for survival. Threshold Debate Heats Up He first said 95% of XRP holders risk being priced out. Now he’s raised that warning to 99%. That jump has sparked debate. Some worry it feeds a fear of missing out on a “10,000-XRP club,” while others see it as a wake-up call. Farina questions whether Bitcoin’s rally to about $112,000 really reflects growth, or simply the dollar losing its value. He frames the issue as a tug-of-war between crypto gains and fiat losses. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Calls For New Income Streams Instead of selling crypto, Farina urges holders to find extra income. He suggests side hustles or online work as ways to avoid cutting into holdings. “If you truly believe XRP has long-term value, selling it now for groceries is exactly what they want you to do,” he said. His advice pushes people to rethink how they earn and where they live. Crypto markets can move on legal news and product launches, not only inflation. Ripple’s ongoing court case and ETF filings could change XRP’s path. Still, Farina’s message taps into a broader concern: the gap between small and large holders may widen as prices climb. Retail investors can still join in. They just need to pace their buys and stay aware of both crypto trends and everyday costs. Featured image from Imagen, chart from TradingView

#xrp #xrp price #xrp news #xrpusd #xrpusdt #hidden bullish divergence #consolidation triangle

XRP might be gearing up for a bullish run of epic proportions, accompanied by a similar crash of epic proportions. Particularly, a new technical analysis suggests that the XRP price may be preparing for one of its most explosive moves yet, followed by what the analyst calls a historic crash. This analysis comes amidst a backdrop of XRP reclaiming $2.2 in the past 24 hours, with the next outlook on reclaiming $2.3. Echoes of 2017: Hidden Bullish Divergence Reappears In a detailed breakdown shared on the social media platform X, crypto analyst JD (@jaydee_757) drew parallels between the current setup of XRP’s price action and its 2017–2018 market cycle. Back then, XRP printed a hidden bullish divergence (HBD) on the Stochastic RSI indicator, which acted as a powerful signal for an eventual 20x surge. According to the analyst, XRP appears to be repeating the same structural formation, with a new hidden bullish divergence now confirmed once again on the two-week timeframe. Related Reading: Analysts Are Predicting XRP Price To Climb Above $20 In Unexpected Rally As shown in the two-week candlestick timeframe chart below, XRP has already broken out from a multi-year symmetrical triangle dating back to its peak in 2018. This breakout, paired with the hidden bullish divergence, sets the stage for a biblical price move. JD projects an immediate upside continuation once the current smaller triangle consolidation pattern resolves to the upside.  This parabolic upside continuation is likely to push XRP toward levels last seen during its all-time high. In this case, the analyst projected a price move above the double-digit threshold, with a target around $17. Post-Rally Warning: 90% Crash Projection Follows However, JD’s analysis is not without caution. Just as the 2017 rally ended in a dramatic 94% crash from $3.4 to the $0.2 range, the analyst warned that the anticipated surge could lead to a similar fate. This trajectory is illustrated clearly in the chart above.  Related Reading: XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why After the anticipated euphoric move upward is complete, JD projects a sharp reversal toward a designated pink box area on the chart. This region, although not labeled with a specific price, lies well below current levels and may cause XRP to crash from double digits to below $1. Unfortunately, the majority of traders and investors could get rekt if they chase XRP near the peak. This follows similar behavior in 2018, where the parabolic rally was followed by an equally violent sell-off that trapped many traders at the top. As of now, XRP continues to coil within its consolidation triangle, and the breakout direction will likely determine the short-term fate of the cryptocurrency. XRP is currently trading at $2.28, up by 2.4% in the past 24 hours. A convincing break above the $3 mark would be necessary to invalidate the resistance of the current smaller triangle consolidation pattern and confirm the start of a parabolic move. Until then, there’s still a possibility that XRP will be rejected again at the triangle’s upper trendline. Featured image from Getty Images, chart from Tradingview.com

#markets #bitcoin #policy #sec #congress #usdc #regulation #stablecoins #xrp #governance #exchanges #bitcoin etf #funds #equities #token projects #mining companies #crypto infrastructure #strategy #companies #crypto ecosystems #layer 1s #u.s. policymaking #finance firms #public equities #investment firms #analyst reports

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

#xrp #xrp price #xrp news #xrp price news #xrp technical analysis

XRP changed hands at roughly $2.30 in early European trading on Tuesday, extending a two-day bounce that has pulled the token back toward the upper half of the seven-month range that has confined it between about $2.00 and $2.80 since December. Analyst Quantum Ascend argues that this compression phase is now approaching a technical fulcrum that will determine whether the next move is an impulsive wave-three surge or one final wave-two washout. XRP Tightens Into Decision Zone In a video posted on 9 June, the trader noted that “we’ve been in this range… since early December… between like $2.80 and $2.00 just bouncing the whole time,” before zooming out to show what he calls the only Elliott-wave count that “makes sense”: a completed five-wave advance from last year’s lows followed by a five-wave corrective pull-back. “Right now we’re looking at a one-two-three-four-five on the way down… that’s the macro two… and now we’re waiting on three-four-five,” he said, adding that XRP still represents about 12.5% of his portfolio despite his tactical rotation into “alts with more gas left.” Quantum Ascend’s Fibonacci mapping reveals that the token has already retraced slightly more than 50% of its preceding leg higher—a textbook depth for a second-wave correction—and that the sell-off bottomed in the price region that coincided with the fourth wave of the prior move. “Makes sense, perfect spot for us to bounce,” he told viewers after plotting the swing low against the 0.5 Fib level. Related Reading: XRP Bull Trap Incoming? Analyst Sees $2.40 Fakeout Before Painful Crash Whether that bounce blossoms into a sustained breakout, he stressed, ultimately hinges on the market leader: “I think Bitcoin’s gonna make the decision for us,” he said, pointing out that XRP’s fate remains tightly coupled to any directional conviction in BTC. Bitcoin’s own advance toward key retracement resistance could, in his view, drag major altcoins—including XRP—into their respective inflection zones. The analyst now fixes on the 0.618–0.786 Fib band, which corresponds to $2.42–$2.52, as the “decision zone.” “There’s gonna be an area that we gotta be careful of… statistically it’s the area we’re most probable to roll over… between $2.42 and $2.52,” he warned, outlining the risk that XRP forms an A-B-C zig-zag and revisits lower supports before the larger impulsive leg begins. A rejection there would map onto the classical script of a complex second wave that fakes out early longs one final time before relinquishing control to bulls. Related Reading: XRP Price Remains Bullish Above $2, This Falling Channel Says $3.8 Is Coming Macro currents may soon add fuel. XRP’s next potential volatility catalyst is the US Securities and Exchange Commission’s 17 June deadline on Franklin Templeton’s spot-XRP exchange-traded fund proposal—a ruling some desks see as the token’s analogue to January’s Bitcoin ETF moment. While ETF speculation has helped price reclaim higher ground this month, XRP remains almost a dollar below its January all-time high of $3.40, leaving the $2.42–$2.52 pocket as the most technically significant hurdle in the short term. For now, traders will watch whether the current advance can print a daily close inside—or better, above—that corridor. A clean break would validate Quantum Ascend’s wave-three thesis and open the charts to measured moves targeting the mid-$3s. Failure, by contrast, risks a final capitulation toward the lower-$2 region before the larger bull structure can re-assert itself. Whatever the outcome, the analyst remains sanguine: “Whether it rolls over here one more time and we have to be patient or it just goes—that’s okay, because either way the end result is going to be the same.” At press time, XRP traded at $2.28. Featured image created with DALL.E, chart from TradingView.com

#markets #news #ripple #xrp #xrp ledger

With over $280 million of volume to date, the Zeconomy-powered DCP marks the first native issuance of digital commercial paper on the XRP Ledger.

#ripple #xrp #xrpusd #xrpusdt #xrpbtc

XRP price started a fresh increase above the $2.25 zone. The price is now consolidating and might aim for an upward move above the $2.320 resistance. XRP price started a decent upward move above the $2.220 zone. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.270 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.320 resistance zone. XRP Price Aims Fresh Increase XRP price formed a base and started a fresh increase from the $2.050 zone, like Bitcoin and Ethereum. There was a move above the $2.120 and $2.20 resistance levels. The bulls even pushed the price above the $2.25 level. Finally, the price tested the $2.320 resistance. A high was formed at $2.3294 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2.270 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.320 level. The first major resistance is near the $2.350 level. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.480 resistance or even $2.50 in the near term. The next major hurdle for the bulls might be $2.550. Are Dips Supported? If XRP fails to clear the $2.320 resistance zone, it could start another decline. Initial support on the downside is near the $2.2750 level. The next major support is near the $2.250 level and the 76.4% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 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 – $2.2750 and $2.250. Major Resistance Levels – $2.320 and $2.350.

#xrp #altcoin #xrp price #xrp news #xrpusd #xrpusdt #rose premium signals

The XRP price is holding strongly above $2, maintaining its momentum as technical indicators show signs of a bullish trend. Notably, a distinct Falling Channel on the XRP price chart suggests that a breakout could be brewing, with a potential rally toward $3.8 in sight.   XRP Price Holds Steady As Bulls Target $3.8  A technical analysis by Rose Premium Signals reveals that XRP is currently flashing strong bullish signals following a breakout from a long-term Falling Channel. Earlier in January, XRP broke past $3 but experienced a strong correction that has kept its price down ever since. Despite the ongoing downtrend, XRP has been firmly holding above the $2 threshold as it prepares for new all-time highs. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? Previously, XRP traded within a descending range for several months, forming lower highs and lower lows. However, recent price action has seemingly invalidated this downtrend structure with a decisive breakout above the upper boundary of the Falling Channel, indicating a potential trend reversal and the beginning of a bullish continuation. The chart shared by Rose Premium Signals on X (formerly Twitter) shows that after the breakout, XRP has been consolidating above the former resistance-turned-support zone, around the $2 level. The analyst confidently states that XRP’s outlook remains inherently bullish despite past downtrends, suggesting that the recent consolidation pattern indicates that bulls are still in control.  Notably, the breakout above the Falling Channel is significant, as it typically implies a strong upside move, especially on higher time frames. Projected price targets based on technical formation are positioned at $2.9520, $3.3967, and $3.8767. Interestingly, the highest projected target exceeds XRP’s all-time high of $3.84 and reflects a 73.54% increase from current price levels.  It’s important to note that these bullish targets forecasted by Rose Premium Signals align with historical resistance zones and measured moves from the Falling Channel breakout. If momentum sustains and market conditions remain favorable, XRP could rally toward these targets over the coming weeks, potentially offering significant upside for long-term holders and traders.  Analyst Says Buy The Dip, With Ideal Entry At $1.85 While forecasting several optimistic targets for XRP, Rose Premium Signals emphasized a strategy of buying the altcoin during dips. This method aims to capitalize on low price points to maximize potential gains as XRP rebounds.  Related Reading: Wave Count Analysis Reveals The XRP Price Trigger Point For Take-Off The analyst‘s chart highlights the $1.85 support level with a clear “Buy Here” label, suggesting that this level is considered an ideal entry point should the price revisit it. Currently, XRP is trading at $2.23, meaning a drop to $1.85 would represent a 17.04% decrease. According to the analysis, this support level also marks the base of the recent Falling Channel breakout, providing a favorable risk-reward setup for those looking to enter or expand their positions. Featured image from iStock, chart from Tradingview.com

#ethereum #bitcoin #trading #investments #xrp #coinshares #tradfi

Digital asset investment products attracted $224 million in inflows last week, extending a seven-week streak that now totals $11 billion, according to CoinShares‘ latest weekly report. However, James Butterfill, CoinShares’ head of research, noted that the pace of inflows into these products continues to slow. Butterfill pointed to rising uncertainty over US monetary policy as […]
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#xrp #xrp price #xrp news #xrp price analysis #xrp technical analysis

Pseudonymous analyst CryptoInsightUK has warned that the next major move for XRP could be a trap. In a video published on June 8, the analyst outlined a scenario where XRP surges toward $2.30–$2.40 in the short term—only to reverse violently into a sharp liquidity flush before any sustainable breakout occurs. XRP Bull Trap Looming? “I think XRP goes to sub-$2.0. I really do,” he said, adding: “It could come and sweep the highs here… could come up to like what, $2.30, and then push us down. That would be more pain for everyone, ‘cause everyone’s going to think we’re going to the upside.” The setup he describes is based on market structure and liquidity dynamics, particularly the buildup of resting orders beneath XRP’s current range. “This here is a concern, a real concern for me,” he said, referring to the growing pool of liquidity below current prices. According to his internal models, such liquidity zones are statistically touched “80% of the time.” Related Reading: XRP Must Crash First—Then Comes The $10 Rally, Says Analyst “Someone’s trying to trick someone here,” he warned. “I’m cautious.” Despite his near-total XRP allocation—he states he’s “95%+, probably more like 98%” positioned in XRP—CryptoInsightUK emphasized that he’s not rooting for a correction. “I don’t want it to come down,” he said. “I’m just showing you what I see.” The analyst proposed multiple structural paths: one in which XRP immediately breaks out, and another where it briefly rallies to sweep local highs before flushing downward to form a bullish divergence. “We’re in a range right now,” he said. “Do we come up, sweep the highs, then take the lows and go?” He elaborated on the bullish divergence pattern he is watching, where price forms a lower low while the RSI (Relative Strength Index) prints a higher low—a setup he uses to identify bottoming structures. “That’s what I would like to see,” he explained. Broader Macro Conditions Still Supportive Despite the bearish tactical setup, the video struck an upbeat macro tone. Will cited four near-term catalysts: the Genius Act on stablecoin oversight, the imminent filing deadline in the SEC’s remedies phase against Ripple, the July decision window for a spot-XRP ETF proposal, and a renewed expectation of accommodative fiscal policy sparked by last week’s televised Trump-Musk dialogue. “What this really tells us is there’s going to be money printing,” he argued. “Assets all over are going to explode to the upside and, for the other specific reasons, XRP probably does even better.” Turning to Bitcoin, the analyst observed an ongoing decline in trading volume, suggesting indecision or exhaustion. “There’s been no volume. There’s been nothing,” he said of recent BTC price action. Related Reading: XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH He highlighted a CME futures gap around $92,000–$93,000 and added that fixed range volume analysis points to a possible pullback zone at $96,000–$97,000. “It’s probably coming imminently, maybe this week,” he said of a potential correction, projecting a scenario where BTC dips into this range before resuming its upward trajectory. “Does this mean we squeeze to the upside or come down and take this low and put in that bullish divergence structure?” he asked, noting a similar divergence setup at $75,000 earlier this year. XRP Spot Activity Raises Red Flags In the final hour before the video, XRP had “squeezed up with some volume,” but the analyst urged caution. While open interest had risen sharply, funding remained green—suggesting net long positioning—and aggregate premium had turned red. “This indicates to me that even though there are still some shorts coming in, more longs than shorts have entered,” he said. He warned that this imbalance could cause a sharp move lower if the market fails to hold current levels. “If we do now come down and lose this low, expect a more aggressive, faster move to the downside,” he said, pointing to the risk of liquidating leveraged positions. XRP’s relative performance against ETH and BTC also came under review. While it had begun testing resistance zones, neither the XRP/ETH nor the XRP/BTC charts had decisively broken out. “We could still be in this range chopping about,” he cautioned. “Could lose strength until we start to see some confirmations to the upside.” At press time, XRP traded at $2.23. Featured image created with DALL.E, chart from TradingView.com

#markets #news #bitcoin #xrp #doge #market analysis

Hong Kong's Hang Seng index rose above 24,000 for the first time since March, driven by trade talk optimism.

#blockchain #ripple #xrp #altcoin #altcoins #cryptocurrency #xrpusd

XRP is currently showing signs of vulnerability as its recent price action is becoming increasingly bearish. After attempting to reclaim upside momentum above $ 2.60 in May, the cryptocurrency has struggled to maintain this run, and its price action over the past few days has brought it close to losing the $2.10 price level. Notably, the price action has resulted in the formation of a head and shoulders pattern on the daily candlestick chart. This might be the final straw that finally sends the XRP price plummeting below $2. Related Reading: Bitcoin Scarcity May Spark Explosive Surge, Bank Study Shows XRP Breaks Head And Shoulders Neckline As identified by a crypto analyst on the social media platform X, XRP has now printed a classic head and shoulders formation, with clearly defined symmetry between the left shoulder, head, and right shoulder. The head and shoulders formation began taking shape in late April, when the price climbed to $2.26 to become the left shoulder of the pattern. In early to mid-May, XRP surged above $2.60 to create the head of the formation and what appeared at the time to be a resumption of strong bullish momentum.  The rally lost steam soon after reaching that May peak, and the price began to retreat once again. By June 3, XRP made another attempt to push higher, reaching $2.27 in what is the formation of the right shoulder. However, this push wasn’t enough, and the ensuing price action has seen sellers gradually fighting for control. The head and shoulders pattern, which is often associated with trend reversals, became more concerning once XRP broke below the neckline around the $2.18 level to reach as low as $2.07 on July 6. Interestingly, the breakdown below the neckline was accompanied by increased volume, which provided additional confirmation of the bearish signal. EMA Rejections For XRP: What’s Next? Now that XRP has broken beneath the neckline, the $2.18 to $2.20 zone is beginning to flip into a firm resistance barrier for any attempt at recovery. The daily candlestick chart shows XRP continuing to trade below both the 9-day EMA and the 50-day SMA, which currently stand at $2.1877 and $2.2649 respectively. Despite a modest recovery over the past 24 hours, XRP has repeatedly failed to break back above the 9-day EMA since the neckline breakdown, showing persistent weakness in the short-term structure.  As long as XRP is trapped beneath the neckline and the EMA/SMA resistance cluster, the prevailing structure continues to favor a downward extension. Based on the head and shoulders setup, a measured move from the neckline breakdown projects a decline toward the $1.85 to $1.80 range.  Related Reading: Bitcoin Network Activity Booming Despite A Quiet Market—Data At the time of writing, XRP now finds itself trading at the neckline resistance again at $2.18 after a 2.6% increase in the past 24 hours from $2.13. However, the strength of this bounce is questionable, as it has occurred alongside a sharp 48.14% drop in trading volume. The next 24 hours will be important, as price behavior around the $2.18 to $2.20 range could determine whether XRP resumes its descent and break below $2. Featured image from Unsplash, chart from TradingView

#crypto #elon musk #xrp #altcoin #altcoins #trump #memecoins

According to social media buzz, the growing clash between Elon Musk and US President Donald Trump has sent ripples through the crypto world. Musk’s public swipe at a recent spending bill kicked things off. Then came Trump’s warning to yank Musk’s government contracts. It got messy fast. And now, some believe XRP could come out on top. Related Reading: Bitcoin Network Activity Booming Despite A Quiet Market—Data Elon Musk-Trump Feud Spurs Crypto Talk Musk took to Twitter on June 4 to slam what he called reckless government spending. His post warned of “serious economic risks.” Not long after, Trump fired back. He threatened to pull subsidies and contracts tied to Tesla. That response sent Tesla’s stock tumbling. Investors watched $150 billion in market value vanish in a matter of hours. Market Moves And Price Swings Based on reports, Bitcoin slid more than 5% following the news. It dropped to a low of $100,550 before finding a bit of footing near $102,400. XRP wasn’t spared either. It fell alongside other major coins, though the exact drop varied across exchanges. Traders saw quick declines, then a modest rebound as the dust settled. I believe @elonmusk will do anything to make @Ripple $XRP as a chosen one and use it on @x while knowing that @EricTrump, @DonaldJTrumpJr, and @realDonaldTrump will watch @worldlibertyfi and @bitcoin crashing in front of their eyes. Right, @elonmusk? — Joshua Dalton (@J9Dalton) June 5, 2025 XRP Community Weighs In Joshua Dalton, who founded tech services firm TRIBLU, stirred the pot with a bold claim. He suggested Musk might choose XRP as the main currency for X’s upcoming payment system, X Money. Dalton argued that Musk “will do anything” to make XRP the go-to token. He tagged Ripple, Musk, US President Trump, and Trump’s sons in a single post. That move framed the drama as more than just politics—it became a showdown of crypto loyalties. Technical Fit For X Money XRP provides quicker settlement and reduced fees than Bitcoin. In 2021, Musk suspended BTC payments for Tesla due to high energy consumption and centralized mining concerns. That move proved he’s not afraid to change course when a coin isn’t aligned with his objectives. Related Reading: Bitcoin To Hit $180,000 In 2025? Analyst Highlights The Trigger In October 2024, Musk even referenced XRP in a viral video. He spoke of crypto like XRP potentially resisting central control, but he did not go so far as to make a full endorsement. With X Money scheduled to roll out later in 2025, XRP’s architecture for cross-border transfers could mirror what Musk is looking to create. Some analysts point out real hurdles. Ripple still holds a large chunk of XRP, and US regulators are watching closely. Any big move would need legal green lights and deep liquidity on exchanges. But for now, the idea of an “everything app” powered by XRP keeps popping up in crypto chats. Featured image from Shutterstock, chart from TradingView

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Crypto Insight UK has doubled down on a forecast that XRP must endure one last, violent shakeout before launching toward a long-awaited $10 milestone. In his latest video, the British analyst warned that “the most dense liquidity I’ve seen in a long time for XRP” still sits uncollected beneath current spot prices. Until that pool is swept, he argues, the market will not unlock the upside move he ultimately expects to carry the token into double-digit territory. XRP Needs One Last Flush “XRP didn’t come down as low as we wanted,” he told viewers. “It did hit the first key area of liquidity, but it didn’t take it all. That makes me think we’ve got continued downside.” In his own trading plan, the analyst has resting bids at roughly $2.01 and $1.95—a zone he believes will be tested once leveraged longs capitulate. Only after that “final flush,” he contends, can a rally toward $10 begin in earnest. The call comes amid broader cross-asset strength that has so far failed to translate into a sustained altcoin breakout. Silver is challenging decade-old highs near $36 an ounce, uranium contracts are pressing their recent peaks, and the Nasdaq Composite remains within sight of its all-time high. Yet despite what he calls “a broad-based commodities rally,” the analyst maintains that crypto still needs one more washout to clear residual excess. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? Macro-political drama, he suggests, is only accelerating that process. He cited the public clash between Elon Musk and US president Donald Trump—sparked by Trump’s proposal for a four-trillion-dollar spending bill and Musk’s claim that Trump’s name appears in sealed Epstein files—as a narrative that briefly rattled risk markets. “If it brings the price to where I want it to go, fantastic,” he said dryly. “That’s all we’re looking at here.” On Ethereum he sees a similar dynamic. Open interest in ETH futures remains at all-time highs, a sign in his view that institutions are accumulating spot while shorting derivatives to hedge—a trade that could unwind violently should ETH pierce the $2,800 level. “When we get this squeeze to the upside,” he predicted, “we’ll see a fast move back toward all-time highs for ETH, probably toward $4,500 before you know it.” Related Reading: The Worst Case For XRP This Cycle? Just A Giga Rally To $19, Says Analyst Bitcoin, for its part, has already waded into the analyst’s preferred liquidity zone just above $100,000. Whether the flagship asset needs another dip, he said, is less important than what happens to its dominance. A brief surge in bitcoin market share toward 65.5% would, in his model, coincide with an XRP capitulation and set the stage for “crazy season,” his shorthand for a full-blown altcoin cycle. The hinge is XRP liquidity. Viewers were shown heat-map snapshots highlighting concentrated stop-loss orders beneath the May swing low. “People came long here after they thought, ‘Oh, the bottom’s in.’ That’s added to this liquidity below us,” he said. Until that layer is removed, he remains “80% sure” that price will probe lower—even though his own portfolio is almost entirely in spot XRP. “I’m on the side of wanting it to go,” he acknowledged. “If it goes up now, I’m happy. But I’d be highly surprised if we don’t get that push down.” Still, his end-point is unequivocally bullish. Once the liquidity has been harvested, he foresees a textbook bullish divergence on the daily relative-strength index—“lower low on price, higher low on RSI”—that would ignite what he calls the “next big push.” In that scenario, XRP would not merely revisit its 2021 peak near $3.80; it would overshoot to the analyst’s long-standing $10 target. “Let it send,” he concluded. At press time, XRP traded at $2.17. Featured image created with DALL.E, chart from TradingView.com

#xrp #xrp price #xrp news #xrpusd #xrpusdt #elliott wave theory #steph is crypto #xforceglobal #fibonacci retracement levels

The XRP price action is drawing significant attention, as analysts highlight a distinct wave structure suggesting increased volatility ahead. According to technical patterns on the XRP chart, the cryptocurrency could soon face wild fluctuations on its potential path to retesting its all-time high and aiming for the $4 mark.  XRP Wave Map Lays Out Path To A New ATH The XRP price is currently trading at $2.13 after enduring a months-long downtrend that has prevented any upward movement toward revisiting all-time highs. However, despite these momentum struggles, a certified crypto and Elliott Wave analyst, XForceGlobal, has boldly predicted on X (formerly Twitter) that XRP is on a clear path toward a $4 all-time high.  Related Reading: XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target The analyst shared a detailed Elliott Wave chart of XRP, suggesting that while the digital asset is poised for a new ATH, it is also set to face significant volatility on its way to this price high. The chart illustrates a well-defined pattern of corrective and impulsive wave structures that signal both short-term turbulence and long-term bullish potential for XRP. XForceGlobal’s chart analysis begins by identifying a major correction that unfolded from XRP’s high in January through a low in April. This move is labeled with a complex wave formation, especially a double zigzag (W-X-Y), showing strong symmetry across multiple degrees of wave structures.  Interestingly, the analyst notes that the precision of these wave structures aligns almost perfectly with classic Fibonacci extension levels on the way down, including the 61.8% and 100% retracements. This indicates that the corrective cycle followed a technically sound and predictable path, leading to the conclusion that the worst of the downtrend may be over, and XRP could be entering a new wave sequence with bullish implications.  The chart analysis also highlights a critical accumulation zone marked between $1.84 and $2.25. This range coincides with Fibonacci Retracement thresholds and represents a crucial decision point in XRP’s price structure.  Recently, XRP dipped into this zone and appears to be bouncing off it, potentially setting the stage for the next impulsive wave higher. Based on this setup, XForceGlobal forecasts an initial rally toward the $3.20 and $3.80 zone, followed by a short-term correction and then an eventual push toward a fresh ATH near $4 or higher.  Analyst Predicts XRP Price In Next 3-6 Months A crypto market expert identified as ‘Steph is Crypto’ on X has declared that an XRP price explosion is imminent. The analyst shared a chart, predicting that the cryptocurrency could soon skyrocket to a jaw-dropping all-time high of $50.  Related Reading: Crypto Analyst Says XRP Community Should Pay Attention To June 4-6, Here’s Why Notably, the chart indicates that this bullish projection will only occur after XRP crosses the $2.5 resistance threshold. From there, the path could see a steady ascent through $5, $10, and even $22, ultimately aiming for the ambitious $50 milestone.  What’s even more striking is the timeline of this bullish forecast—— Steph predicts that XRP could achieve a $50 valuation within just 3 to 6 months. If realized, this would amount to an astonishing 2,280% increase from the current price of nearly $2.1 before the end of the year. Featured image from Getty Images, chart from Tradingview.com

#crypto #xrp #xrp price #xrp news #crypto news #xrpusd #xrpusdt

The XRP price has now moved back into bearish territory after a remarkable run on the daily chart that had been signaling possible bullish momentum. Crypto analyst Master Ananda points this out in a post that shows a disturbing trend in the XRP price chart. If this continues, then the future of XRP, at least in the short term, has become even more uncertain, with bears fighting for more control. 4 Green Daily Closes Fall to Nothing After suffering a crash along with the rest of the crypto market, the XRP price had faced a recovery that seemed to have put it right back on track to rally again. This saw the first green daily close on the last day of May and then carried on into the new month of June. The first three days also closed in the green, leading to four consecutive daily green closes, which is usually bullish for the price. Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings However, there was just another part of the trend that was not completed to show that this was a bullish move, and it has to do with volume. As Master Ananda pointed out, a spike in volume was expected as the XRP price put in a higher low. This would mean there is the momentum needed to push the price back up. But this was not the case as the volume plummeted and remained muted. The absence of this expected volume suggests there is weakness surrounding the XRP price, and this played out as the next day saw a red close for the altcoin for the first time in June. If this lack of momentum continues, then the price could continue to plummet. So far, there is now resistance mounting at the 0.382 Fibonacci level, which is $2.2959. This resistance would need to be cleared with a spike in volume if there is to be a recovery in the XRP price. Otherwise, it risks a fall back down to the 0.236 Fibonacci level, meaning the first steps toward falling below $2. Related Reading: XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target XRP Price Could Fall As Volumes Suffer Data from Coinglass shows how bad the XRP volume has been recently. So far in June, daily volume has remained well below $5 billion, reminiscent of the bear market figures whenever the price was falling. This also shows reduced participation from investors who are wary of entering the market during such conditions. Interestingly, though, open interest remains rather high, $3.94 billion, showing that crypto traders are actively betting on the XRP price. However, the majority are betting that the XRP price will continue to fall from here, with Coinglass data showing 52.75% of all positions being short compared to only 47.25% betting the price will increase. Featured image from Dall.E, chart from TradingView.com

#markets #news #xrp #ai market insights

Price action has formed a higher-low pattern with bullish momentum, though market caution persists.

#markets #news #bitcoin #dogecoin #ether #liquidations #elon musk #xrp #market analysis #donald trump #top stories

Exchanges like Bybit and Binance saw the biggest hits, with Bybit alone accounting for nearly $354 million in liquidations.

#ripple #xrp #xrp price #ripple news #xrp news

A provocative claim by crypto researcher “Darkhorse” has reignited debate over whether Ripple Labs is quietly sidestepping a federal court injunction through a newly disclosed $300 million XRP treasury vehicle involving Asia-based mobility firm Webus International Ltd. “This new treasury setup allows @Ripple to bypass the injunction legally and cleanly,” Darkhorse declared in a post on X dated June 4. He contends that Ripple has found “the only route left by the Judge” by using an institutional structure that moves XRP through regulated intermediaries instead of selling it directly to investors. “It’s not just clever,” he wrote. “It’s compliant by design.” The setup in question was revealed in a recent Form 6-K filing by Webus, which outlined the creation of an XRP Treasury to be managed by Samara Alpha, an SEC-registered investment adviser. The program delegates full control of up to $300 million in XRP to Samara under a phased, regulated structure. While the filing stops short of stating where the XRP will come from, Darkhorse argues the intent is clear: Ripple can legally sell XRP to an SEC-facing intermediary like Samara, which then allocates it to a corporate client like Webus — all without violating the standing injunction. Related Reading: The Worst Case For XRP This Cycle? Just A Giga Rally To $19, Says Analyst “Ripple is enjoined from direct institutional sales without SEC clearance,” Darkhorse explained. “The workaround? Sell to regulated intermediaries (like Samara on behalf of Webus) with treasury agreements that are SEC-transparent and non-retail facing. It’s structured — not casual.” Is Ripple Bypassing The XRP Injunction? Veteran XRP commentator Jay Nisbett pushed back. “I just don’t see any of this as clever or bypassing anything — it’s just adoption,” he replied. Nisbett asserted that Ripple and Webus are not partners, that Webus is simply acquiring XRP like any other participant on the secondary market, and that the asset itself “has been ruled to be not a security in this context.” He added that holding XRP on a balance sheet isn’t the same as triggering a securities transaction. Darkhorse issued a sharp rebuttal. “You’re missing the mechanism,” he told Nisbett, laying out his argument in four parts. First, he emphasized that Webus did not just announce an intent to buy on the open market. “Webus filed via Form 6-K to publicly document a $300M XRP Treasury but not to simply buy on open markets. They delegated management to ‘Samara Alpha,’ an SEC-registered investment adviser, under a phased, regulated structure.” Related Reading: XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target Second, he argued that the core issue is Ripple’s inability to sell directly to institutions, which is where the intermediary comes in. “This structure is about creating compliant distance,” he wrote. “It’s not Ripple handing XRP to an investor — it’s routing via an SEC-registered manager who takes custody and executes under regulatory supervision.” Third, Darkhorse disputed Nisbett’s assertion that there’s no relationship between Ripple and Webus. “Check RippleNet corridors and prior Asia-Pacific mobility pilot cases,” he wrote. “Their ties to Ripple’s network and XRPL liquidity routes go back years. Just because it wasn’t front-page news doesn’t mean it didn’t happen.” Finally, he challenged the notion that Webus’s XRP holdings are merely passive. “ ‘Just holding on balance sheet’ is not automatic exemption,” he argued. “This is treasury deployment, not idle custody. The fact that Webus structured this through a delegated SEC-facing manager says they do consider XRP institutional risk a legal factor.” He concluded bluntly: “This isn’t Ripple dumping tokens on exchanges. It’s creating institutional conduits that comply while navigating around the injunction bottleneck.” Despite the detailed structure and SEC-facing components, Nisbett remained unmoved. “No I get what you’re saying… I just disagree in that mechanism being an unexpected event,” he wrote. “It’s just a natural maturation of the market and the market reacting to legislation hurdles as the market always has and will.” With Ripple still bound by Judge Torres’s 2024 permanent injunction — which prohibits direct institutional XRP sales unless registered — the debate hinges on whether the Webus structure constitutes indirect circumvention or lawful evolution. The SEC has yet to comment, and the court recently denied the parties’ request to vacate the injunction, calling it “procedurally improper.” At press time, XRP traded at $2.1989. Featured image created with DALL.E, chart from TradingView.com

#ripple #xrp #xrpusd #xrpusdt #xrpbtc

XRP price started a fresh decline below the $2.20 zone. The price is now consolidating and might aim for a recovery wave above the $2.120 resistance. XRP price started a fresh decline below the $2.20 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2.192 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.120 resistance zone. XRP Price Dips To Support XRP price failed to gain pace for a move above the $2.220 level and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $0.2150 and $0.2120 levels. Besides, there was a break below a key bullish trend line with support at $2.192 on the hourly chart of the XRP/USD pair. Finally, the price tested the $2.050 zone. It is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.281 swing high to the $2.056 low. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.150 level. The next resistance is $2.1750. It is near the 50% Fib retracement level of the downward move from the $2.281 swing high to the $2.056 low. A clear move above the $2.1750 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.220 resistance or even $2.2420 in the near term. The next major hurdle for the bulls might be $2.250. More Losses? If XRP fails to clear the $2.15 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 $2.020 level. If there is a downside break and a close below the $2.020 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.920 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 – $2.050 and $2.020. Major Resistance Levels – $2.120 and $2.150.