XRP price is holding gains above the $0.60 zone. The price could gain bearish momentum if there is a close below the $0.570 support zone. XRP is facing a major hurdle near the $0.6580 zone. The price is now trading below $0.640 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.5720 support. XRP Price Faces Uphill Task After a steady decline, XRP price found support near the $0.5720 level. A low was formed at $0.5714 and the price started a fresh increase, like Bitcoin and Ethereum. There was a move above the $0.5880 and $0.600 resistance levels. The price cleared the 23.6% Fib retracement level of the downward wave from the $0.7442 swing high to the $0.5714 low. The bulls pushed the price above the $0.620 resistance zone, but the bears are active near $0.640. Ripple’s token price is now trading above $0.6320 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.640 zone. There is also a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair. The next key resistance is near $0.6580. It is close to the 50% Fib retracement level of the downward wave from the $0.7442 swing high to the $0.5714 low. A close above the $0.6580 resistance zone could spark a strong increase. The next key resistance is near $0.700. If the bulls remain in action above the $0.700 resistance level, there could be a rally toward the $0.7440 resistance. Any more gains might send the price toward the $0.800 resistance. More Losses? If XRP fails to clear the $0.640 resistance zone, it could start another decline. Initial support on the downside is near the $0.600 zone. The next major support is at $0.5720. If there is a downside break and a close below the $0.5720 level, the price might accelerate lower. In the stated case, the price could retest the $0.5250 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.600, $0.5720, and $0.5250. Major Resistance Levels – $0.640, $0.6580, and $0.700.
The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.
Former founder and chairman of Murphy and McGonigle law firm James A. Murphy, also known as MetaLawMan, has delved into the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), offering his perspective on the bigger argument in the case. Bigger Argument Within The Ripple Vs. SEC Case James Murphy revealed […]
On Wednesday, Judge Failla from the Southern District Court of New York denied Coinbase’s motion to dismiss the Securities and Exchange Commission’s (SEC) case against the exchange. The SEC accuses Coinbase of operating as an unregistered exchange, broker, clearing agency, and alleges that its Staking Program engages in the unregistered offer and sale of securities. […]
In an escalation of the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), the regulatory agency has advanced its position by filing a Motion for Remedies and Entry of Final Judgment, which notably includes a request for a $2 billion penalty against Ripple. Fred Rispoli, a pro-XRP lawyer and […]
Financial services giant Mastercard has given a significant nod to Ripple, a crypto-focused company, in a recent report exploring the future of remittances in Latin America. The report highlights the challenges of traditional remittance services and recognizes Ripple’s blockchain technology as a potential solution. Related Reading: Battle Of Titans: Bitcoin Leads S&P 500, Michael Saylor […]
XRP price found support at $0.5680 and started a fresh increase. The bulls are now aiming for a move toward the $0.700 resistance. XRP found support near $0.5680 and started a recovery wave above $0.60. The price is now trading above $0.620 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.610 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a close above the $0.6560 resistance zone. XRP Price Regains Traction After a major decline, XRP price found support near the $0.5680 zone. A low was formed at $0.5684 and the price started a fresh increase, like Bitcoin and Ethereum. There was a move above the $0.580 and $0.600 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.7440 swing high to the $0.5684 low. There was also a break above a key bearish trend line with resistance at $0.610 on the 4-hour chart of the XRP/USD pair. Ripple’s token price is now trading above $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.6560 zone. It is close to the 50% Fib retracement level of the downward move from the $0.7440 swing high to the $0.5684 low. Source: XRPUSD on TradingView.com The first key resistance is near $0.700, above which the price could rise toward the $0.7440 resistance. A close above the $0.7440 resistance zone could spark a strong increase. The next key resistance is near $0.7650. If the bulls remain in action above the $0.7650 resistance level, there could be a rally toward the $0.800 resistance. Any more gains might send the price toward the $0.820 resistance. Another Decline? If XRP fails to clear the $0.6560 resistance zone, it could start another decline. Initial support on the downside is near the $0.630 zone. The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, the price might accelerate lower. In the stated case, the price could retest the $0.5680 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.630, $0.600, and $0.5680. Major Resistance Levels – $0.6560, $0.700, and $0.7440.
The surge in XRP trading volume has been significant, with multiple sources reporting substantial increases over a short period. On March 19, 2024, CoinMarketCap data revealed an increase in XRP’s trading volume by 130% to over $4 billion within 24 hours. Related Reading: DeFi Turmoil: Over $5 Million Wiped Out In Liquidations Amid Ethereum Price Drop This surge occurred amidst a general market downturn, where XRP’s trading volume increase helped offset some losses experienced by other assets. Despite a slight decrease in XRP’s price to $0.605, the asset remained in the green over the last month, showing an increase of more than 8%. Source: CoinMarketCap Market Developments Trigger Spike One of the key drivers behind this uptick in trading volume is a favorable court ruling between the US Securities and Exchange Commission and Ripple Labs. This ruling provided much-needed regulatory clarity for XRP, leading to major exchanges like Coinbase, Kraken, Bitstamp, and Binance.US either relisting or announcing plans to resume trading with XRP. The increase in trading volume also reflects an uptick in investor enthusiasm for XRP. The trading volume spike, which at one point constituted over 22% of XRP’s market capitalization, indicates a strong wave of interest and confidence among investors. Additionally, an impressive price rally in XRP, with the price soaring by nearly 100% at one point, further fueled trading activity as investors capitalized on the price movement. XRP market cap currently at $32 billion. Chart: TradingView.com Exchange Listings Boost Trading Activity The reopening or relisting of XRP on major exchanges post-court ruling played a pivotal role in boosting trading volume. Exchanges like Coinbase, Kraken, Bitstamp, and Binance.US reopening XRP trading provided traders with increased opportunities, contributing to the boost in overall trading volume. In the past week, the price of XRP has experienced notable fluctuations, reflecting a mix of ups and downs in the cryptocurrency market. According to Coinbase, XRP’s price has seen a 3% decrease in the last 24 hours and a significant 17% decline over the past week. This downward trend indicates a challenging week for XRP investors as the price struggled to maintain its position. Related Reading: AVAX Price Soars To Highest In Nearly 2 Years, Over 80% Of Holders In Profit Varied Price Data From Different Sources On the other hand, YCharts data presents a slightly different picture, indicating an XRP price of 0.6539 USD on March 19, 2024. This figure represents a 5.61% increase from the previous day and a significant 68% uptick from one year ago, showcasing a more positive outlook for XRP in the long term. Investors and traders are closely monitoring XRP’s development as it works through the uncertainty in the market. A break below the 200-day moving average at $0.57 could be the first sign of impending market decline. Featured image from iStock, chart from TradingView
In the XRP lawsuit between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), the parties have submitted a joint sealing proposal to the United States District Court for the Southern District of New York. This proposal, aimed at governing sealing issues for the upcoming remedies-related briefing, underscores both parties’ commitment to transparency […]
XRP price started a downside correction from the $0.7450 resistance. The bulls are now struggling to keep the price above the $0.5850 support zone. XRP started a fresh decline after it failed to clear the $0.7450 resistance. The price is now trading below $0.650 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a close above the $0.6650 resistance zone. XRP Price Trims Gains After a steady increase, XRP price struggled to extend gains above the $0.750 resistance. The price started a downside correction from the $0.7442 high, like Ethereum and Bitcoin. There was a steady decline below the $0.700 and $0.665 support levels. The price even declined below the $0.600 support. A low was formed near $0.5874 and the price is now consolidating losses. There was a minor increase above the $0.620 level. The price spiked above the 23.6% Fib retracement level of the downward move from the $0.7442 swing high to the $0.5874 low. However, the bears were active near $0.650. There is also a key bearish trend line forming with resistance at $0.640 on the 4-hour chart of the XRP/USD pair. Ripple’s token price is now trading below $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.640 zone. The first key resistance is near $0.6650 or the 50% Fib retracement level of the downward move from the $0.7442 swing high to the $0.5874 low, above which the price could rise toward the $0.70 resistance. Source: XRPUSD on TradingView.com A close above the $0.70 resistance zone could spark a strong increase. The next key resistance is near $0.7450. If the bulls remain in action above the $0.7450 resistance level, there could be a rally toward the $0.800 resistance. Any more gains might send the price toward the $0.820 resistance. More Losses? If XRP fails to clear the $0.6650 resistance zone, it could start another decline. Initial support on the downside is near the $0.5980 zone. The next major support is at $0.5850. If there is a downside break and a close below the $0.5850 level, the price might accelerate lower. In the stated case, the price could retest the $0.520 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5980, $0.5850, and $0.5200. Major Resistance Levels – $0.640, $0.6650, and $0.700.
In a bold move, prominent lawyer and XRP proponent John Deaton has made a substantial $500,000 donation to his Senate campaign against incumbent US senator for Massachusetts, Elizabeth Warren. Deaton is presenting a Republican challenge to senator Warren, giving the prominent progressive her first serious, albeit still remote, opponent and setting up an election-season dispute […]
XRP continues to show strength despite largely underperforming during the ongoing bull market. Interestingly, the crypto witnessed a surge in activity last week, with trading volume surging in tandem. Particularly, the trading volume saw an increase of over 80% recently. However, the boost in activity and trading volume has not necessarily translated into continuous price growth, as XRP is currently on a 13% percent correction from the $0.74 price level on Monday. Related Reading: Sell Sign Ignites Speculation: Solana Fate Hangs In The Balance? XRP Trading Volume Surges, But Will Price Follow? XRP witnessed a surge earlier in the week which saw it breaking out of a 6-year-long symmetrical triangle, prompting analysts to anticipate a continued price surge. During this period, the crypto witnessed a surge in trading volume from whales in particular, with large bouts of XRP leaving crypto exchanges. This bullish sentiment allowed XRP to cross over $0.74 for the first time in eight months, albeit for a short moment. This surge in price was short-lived, as XRP fell as low as $0.6 in the days after. However, a recent 80% surge in on-chain activity and trading volume has led to the price of XRP increasing by 4.45% in the past 24 hours and 2.2% in a seven-day timeframe. Volume spikes of this magnitude often occur before a price rally, therefore, this massive spike in volume has the XRP community speculating that a strong price rally could be on the horizon. Total crypto market cap currently at $2.5 trillion. Chart: TradingView Current Price Action: Can XRP Reach A New All-Time High? At the time of writing, XRP is trading at $0.6398. The crypto’s journey to a new all-time high is definitely not going to be an easy one, as it is now down by 83% from its current all-time high of $3.84. However, current market dynamics and various predictions from many crypto analysts indicate that the crypto might go on a surge of great magnitude in the near future. One of these is a prediction from analyst Jaydee, who noted that XRP’s recent breakout from the six-year trendline mentioned earlier could lead to a surge to $3 from the current price level. The major resistance level to watch is $0.74. XRP tested this level a few days ago but failed to close above it. If bullish momentum continues and volume stays strong, XRP could break through $0.74 decisively in the new week. If it does, the next resistance levels are at $0.82 and $1.5. Related Reading: Crypto Carnage: Over $800 Million Wiped Out In Market Plunge One of the few factors that could contribute to a strong price increase is regulatory clarity regarding XRP’s status, which could boost confidence from institutional investors. Notably, XRP’s non-security status seems to be gaining ground. The European Corporate Governance Institute (ECGI) recently published a research paper acknowledging this non-security status. Featured image from Pexels, chart from TradingView
A popular crypto analyst, identified as CrediBull Crypto on X (formerly Twitter) has unveiled bullish projections for both Ethereum and XRP. Doubling down on his previous XRP price prediction, the analyst has further affirmed that the cryptocurrency is poised to outperform Bitcoin and Ethereum in the upcoming 2024 bull run. Related Reading: Shiba Inu Partner […]
The XRP community is celebrating a recent development that could have significant implications for the cryptocurrency’s future. The European Corporate Governance Institute (ECGI), a highly respected European think tank focused on corporate governance, published a research paper acknowledging XRP’s status as a utility token, distinct from securities. This recognition comes amidst an ongoing legal battle […]
Despite XRP lagging in this early stage of this bull run, crypto expert Zach Rector has shared his belief and given reasons why the crypto token is still bound to perform well. He went as far as ranking the token up there with Bitcoin to drive home his point on why the token will make a run soon enough. “XRP Will Not Miss This Bull Run” Rector mentioned in an X (formerly Twitter) post that XRP will not miss this bull run. In the accompanying video, the crypto expert highlighted the crypto token’s fundamentals as one of the reasons he holds this belief despite XRP’s tepid price action. Rector further claimed that the token and XRP Ledger (XRPL) have some of the best fundamentals in the crypto space. Related Reading: Dogecoin Influencer Sounds Critical Warning Alarm For Scams Targeting The Community Rector even challenged his followers to mention any other crypto token with a better fundamental than XRP. According to him, Bitcoin is the only other token that comes close to XRP in that regard. His statement echoes the sentiments of Ripple’s CEO Brad Garlinhouse, who recently stated the importance of real-world utility in driving a crypto’s growth. Meanwhile, Rector alluded to XRP’s recent pump as a sign of the great things to come for the crypto token. On March 11, XRP climbed to as high as $0.74 before seeing a sharp correction. However, the community will hope Rector’s conviction is correct, considering that XRP didn’t make any significant statement in the 2021 bull run. As Rector noted, community members’ faith in the token is fast waning, and there is a belief that a repeat of the altcoin’s sluggish 2021 run will ultimately erode this faith. XRP getting close to or surpassing its all-time high (ATH) of $3 will be a great place to start if it is to make a run in this bull run. Time For Price Predictions To Come True Crypto analysts like Crypto Rover and Egrag Crypto had before now made bullish price predictions for XRP, which are meant to be actualized sometime around this period. On his part, Crypto Rover predicted that the altcoin would see a “massive breakout” this March. Meanwhile, Egrag predicted that XRP will rise to $5 between now and April. Related Reading: Samson Mow Gives Reasons Why Bitcoin Price Could Reach $1 Million This Year Other analysts like Dark Defender have also fuelled expectations for XRP this period. Dark Defender, in particular, recently stated that the next target for toke is the $1.33 price mark and that the $1.88 and $5.85 Fibonacci targets could be attained in the upcoming weeks. At the time of writing, XRP is trading at around $0.686, down over 1% in the last 24 hours, according to data from CoinMarketCap. Token price at $0.68 | Source: XRPUSDT on Tradingview.com Featured image from Bitcoin News, chart from Tradingview.com
The protracted legal confrontation between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC) is advancing towards a critical juncture, as both parties face imminent deadlines for their remedies briefing submissions. This phase of the legal battle marks a significant step in the proceedings, potentially setting the stage for the case’s potential resolution. […]
The firm's Gold & Silver fund made a $2.58 million investment in an XRP ETP, which was later cancelled.
The statements will help a judge determine if institutional sales of XRP after the SEC lawsuit was filed in 2020 broke securities law, the SEC said in its request.
The hacker behind the exploit didn’t use any mixer services or decentralized exchanges.
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.
The alleged hack was reported by internet sleuth ZachXBT
Blockchain analyst ZachXBT claims 213 million XRP tokens were stolen before being laundered across multiple exchanges.
The SEC has requested financial information that Ripple doesn’t want to give as the agency continues its enforcement action against it.
Schwartz spoke to The Protocol about the aftermath of Ripple's SEC win, his method for dealing with XRP's rabid fanbase, the XRP Ledger's controversial approach to centralization, and more.
It took the SEC more than ten years to approve a spot Bitcoin ETF, while XRP ETFs would face even more hurdles than Bitcoin did, analysts tell Cointelegraph.
According to Bitfinex chief technology officer Paolo Ardoino, an attacker attempted to make use of XRP’s partial payments feature to exploit his crypto exchange but failed.
Solana has overtaken XRP as the fifth-largest cryptocurrency, with its market cap hitting a 20-month high of $33.7 billion, according to CoinMarketCap.
The artist made an NFT of the Ripple Labs CEO for our Most Influential package.
Ripple's co-founder emerged triumphant this year in legal cases with big implications for crypto's future. He couldn't have done it without the XRP Army.