XRP price started a major decline below the $3.00 zone. The price is down over 25% and there was a spike below the $2.00 support zone. XRP price started a fresh decline below the $2.80 and $2.50 levels. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.50 resistance zone. XRP Price Eyes Recovery XRP price started a fresh decline below the $3.00 zone, like Bitcoin and Ethereum. The price declined heavily below the $2.80 and $2.50 support levels. The bears even pushed it below $2.00. There was a sharp drop of over 25% and the price tested the $1.75 zone. A low was formed at $1.75 and the price is now correcting some losses. There was a move above the $2.00 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. The price is now trading below $2.750 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.40 level. The next resistance is $2.450. There is also a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $3.00. Another Decline? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.850 support. The next major support sits near the $1.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.10 and $2.00. Major Resistance Levels – $2.40 and $2.50.
The XRP market experienced a downbeat end to January translating into a 7.05% loss over the past seven days. In regards to future price movements, popular analyst Egrag Crypto states the altcoin is currently at a key crossroads with an equal chance to move in either a positive or negative direction. Related Reading: Dogecoin Whales Go Ham As They Buy 560 Million DOGE In One Week XRP Set For Price Breakout, But How High Can It Go? In an X post on February 1, Egrag Crypto explains that XRP’s recent slump has resulted in the asset retesting two crucial levels namely the 21 EMA and and the lowest boundary of a symmetric triangle. The exponential moving average (EMA) is a technical indicator that smoothens out price data over a period of days (i.e. 21 in this case) while giving more weight to recent prices. It is commonly used in trend confirmation with a price dip below the EMA line indicating a bearish trend and vice versa for a bullish trend. On the other hand, a symmetric triangle formed by price movement signals a period of consolidation before a decisive price breakout. With the price of XRP simultaneously hovering near the 21 EMA line and the lower boundary of the symmetric triangle around $2.93, the altcoin presents a rather delicate situation to traders and investors alike. According to Egrag Crypto, further declines for XRP are possible. However, prices are unlikely to fall below $2.83 ( the ascending purple line) which has served as a strong support zone based on historical data. However, based on the sole analysis of the symmetrical triangle, a break below the lower boundary could force XRP to trade as low as $2.40. Alternatively, should XRP break above the upper boundary of the triangle, it could immediately rally to $4. Egrag Crypto warns that both breakout possibilities are equally weighted. Therefore, the XRP market is subject to high levels of volatility over the coming days. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart – Breakout Target Set At $56 Whales Offload 70 Million XRP In 4 Days In other news, crypto expert Ali Martinez reports that XRP whales are currently on a selling spree having offloaded 70 million XRP, valued at $204.4 million, over the past day. High selling activity especially from whales is a bearish signal that signals uncertainty about the future profitability of an asset. Alternatively, certain long-term holders may be looking to take profit. However, XRP retail investors may expect more price drops in the short term, barring the introduction of significant buying pressure. At press time, XRP trades at $2.93 reflecting a 3.10% decline in the past day. Meanwhile, the asset trading volume is down by 12.60% and valued at $4.06 billion. Featured image from iStock, chart from Tradingview
A well-known crypto analyst, Crypto Beast, has made a bold prediction about XRP future price trajectory, suggesting that it could reach $15 with ease under specific conditions. This interesting outlook comes amidst a consolidation of prices, which is now looking to regain momentum above $3. Banks Adopting XRP Could Send It To $15 Bitcoin was created to disrupt the traditional financial industry and compete with the existing global financial system. While many other early cryptocurrencies like Ethereum and Litecoin also built upon this premise, XRP took another approach. Its creators developed it as a solution for fast and efficient cross-border transactions, aiming to complement the existing financial infrastructure rather than replace it. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 Despite its intended role in improving financial transactions, XRP has faced years of price struggles, with long periods of decline over multiple years overshadowing its utility. This lackluster growth led many traders to lose faith, with some dismissing it as a dying asset. Interestingly, despite regulatory challenges and market downturns, the asset remained one of the top-ranking cryptocurrencies by market capitalization throughout this period. However, recent price rallies have breathed life into XRP. Particularly, this rally has seen the value of XRP grow massively since November 2024 and is now the third largest crypto in terms of market cap. This has seen sentiment around the altcoin shifting into a more optimistic direction, with some crypto analysts who doubted before now revealing bullish price targets for its price. One of these analysts is Crypto Beast, who recently shared a $15 price prediction for XRP. Speaking to his over 560,000 followers on social media platform X, Crypto Beast stated that XRP’s price could surge to $15 if banks worldwide fully integrate the token into their systems. Is $15 A Pipe Dream Or A Realistic Target There is a valid question of whether XRP can realistically trade at $15 given its tokenomics. As of now, XRP has a total supply of 99.9 billion tokens, with 57.7 billion coins currently in circulation. Its market capitalization stands at $177.6 billion, while its fully diluted valuation is around $307.8 billion. If XRP were to reach $15, its market cap would need to grow to approximately $865.5 billion, assuming no significant increase in circulating supply. This would also push its fully diluted valuation close to $1.5 trillion. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Such a surge would place XRP ahead of Ethereum in market cap rankings and within striking distance of Bitcoin. On the surface, this might seem like a challenging milestone, but it could become feasible if the asset gains widespread adoption in cross-border payments and replaces current methods like SWIFT. Consequently, the token’s demand will increase significantly, driving sustained price growth. According to Changelly, the XRP price can reach the $15 target sometime around 2033. At the time of writing, the altcoin is trading at $3.08. Featured image from Adobe Stock, chart from Tradingview.com
XRP price started a consolidation phase from the $3.20 resistance zone. The price is now consolidating gains and might aim for more gains above the $3.20 zone. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.050 and the 100-hourly Simple Moving Average. There was a break above a bullish flag pattern forming with resistance at $3.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $3.20 resistance zone. XRP Price Eyes Fresh Gains XRP price started a fresh increase above the $2.950 zone, outperforming Bitcoin and Ethereum. The price rallied above the $2.95 and $3.00 resistance levels. A high was formed at $3.214 and the price recently corrected some gains. There was a move below the $3.10 level. The price dipped toward the 50% Fib retracement level of the upward wave from the $2.6560 swing low to the $3.214 high. However, the bulls were active near $3.00 and pushed the price higher. There was a break above a bullish flag pattern forming with resistance at $3.10 on the hourly chart of the XRP/USD pair. The price is now trading above $3.050 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.150 level. The first major resistance is near the $3.20 level. The next resistance is $3.220. A clear move above the $3.220 resistance might send the price toward the $3.320 resistance. Any more gains might send the price toward the $3.380 resistance or even $3.420 in the near term. The next major hurdle for the bulls might be $3.50. Another Decline? If XRP fails to clear the $3.150 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.860 support or the 61.8% Fib retracement level of the upward wave from the $2.6560 swing low to the $3.214 high. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.00 and $2.950. Major Resistance Levels – $3.150 and $3.20.
XRP price started a strong increase above the $2.950 zone. The price is now consolidating gains and might aim for more gains above the $3.15 zone. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.020 and the 100-hourly Simple Moving Average. There is a bullish flag pattern forming with resistance at $3.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $3.150 resistance zone. XRP Price Remains Supported For More Gains XRP price started a fresh increase above the $2.850 zone, outperforming Bitcoin and Ethereum. The price rallied above the $2.95 and $3.00 resistance levels. It even surged above $3.150. A high was formed at $3.214 and the price recently corrected some gains. There was a move below the $3.12 level. The price dipped below the 23.6% Fib retracement level of the upward wave from the $2.6562 swing low to the $3.214 high. The price is now trading above $3.020 and the 100-hourly Simple Moving Average. There is also a bullish flag pattern forming with resistance at $3.10 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.10 level. The first major resistance is near the $3.150 level. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.250 resistance. Any more gains might send the price toward the $3.350 resistance or even $3.420 in the near term. The next major hurdle for the bulls might be $3.50. Another Decline? If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.020 level. The next major support is near the $2.950 level or the 50% Fib retracement level of the upward wave from the $2.6562 swing low to the $3.214 high. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.850 support. The next major support sits near the $2.70 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 – $3.00 and $2.950. Major Resistance Levels – $3.10 and $3.150.
XRP price started a strong increase above the $2.850 zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3.150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $3.150 resistance zone. XRP Price Regains Momentum XRP price started a fresh increase from the $2.650 zone, outperforming Bitcoin and Ethereum. The price rallied above the $2.85 and $3.00 resistance levels. It even surged above $3.050. A high was formed at $3.214 and the price recently corrected some gains. There was a move below the $3.15 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.6562 swing low to the $3.214 high. There was a break below a connecting bullish trend line with support at $3.150 on the hourly chart of the XRP/USD pair. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.085 level. The first major resistance is near the $3.150 level. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.220 resistance. Any more gains might send the price toward the $3.250 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be $3.450. Another Decline? If XRP fails to clear the $3.0850 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.9350 level or the 50% Fib retracement level of the upward move from the $2.6562 swing low to the $3.214 high. If there is a downside break and a close below the $2.9350 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.00 and $2.9350. Major Resistance Levels – $3.0850 and $3.150.
After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to break above resistance levels and establish a new price target. With this in mind, a crypto analyst forecasts that if the asset surpasses this resistance, it could skyrocket to $3.85, potentially climbing even higher to hit the $6.5 mark. XRP Bulls Push Toward $3.85 ATH Price During the bull run in 2018, the XRP price hit its current All-Time High (ATH), skyrocketing to the $3.84 level. Now, a TradingView crypto analyst, identified as ‘Mindbloome-Trading,’ has shared a recent forecast, suggesting that XRP could surge past its ATH price to $3.85 in 2025. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue The analyst’s bullish XRP price prediction is based on key resistance and support levels, with the expectation that the cryptocurrency can break above these levels. He shared a detailed video chart analysis, highlighting the altcoin’s price action on a monthly, weekly, daily, and 4-hour basis. The TradingView analyst announced that XRP is in a bull run and showing signs of a strong upward rally. The cryptocurrency had previously broken the $2.6 price, transforming this level into a crucial support area for driving its market momentum. Forming a new resistance level at $2.7, the crypto expert disclosed that the asset must break this threshold to initiate a swift climb to $3.15. In his video analysis, he identified the price points at $3.0, $3.11, and $3.14 as critical resistance levels that, if XRP can surpass, could push it to a new all-time high target of $3.85. While the analyst is confident that XRP can hit his projected price target, he also believes that the cryptocurrency could rally even higher, potentially hitting the $6.55 mark. He explained that this surge would be highly possible, as the subsequent increase in XRP’s market capitalization would be a fair and well-supported progression. The TradingView expert also acknowledged that for the cryptocurrency to reach the forecasted $3.85 ATH, several bullish catalysts would be necessary, including a positive upward trend in Bitcoin. Possible Market Dip Ahead As XRP bulls attempt to trigger a price rally toward $3.85, Mindbloome-Trading has shared an alternative bearish scenario for the cryptocurrency if it fails to break above key resistance levels. According to the TradingView analyst, the current resistance XRP is facing is strong, raising the likelihood that the cryptocurrency may struggle to overcome it, potentially limiting its upward momentum. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ He predicts that if the altcoin fails to surpass the resistance level at $3.13 and $3.15, the cryptocurrency could face a sharp correction, potentially dropping to $3.00 or even lower, with $2.85 being the possible target. As of now, the XRP price is trading at $3.1, reflecting an 11.22% increase over the past 24 hours, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
XRP is showing promising signs of recovery as it bounces back strongly, fueled by renewed bullish momentum. After facing periods of downward pressure, the cryptocurrency is now gaining traction, signaling a potential shift in market sentiment. This rebound has sparked optimism among traders, with many eyeing critical resistance levels that could unlock further gains if breached. The recent surge highlights the resilience of buyers, who appear determined to reclaim control of the market. If the bulls can sustain this momentum, XRP could rally to higher levels, positioning itself for a stronger performance in the short term. However, the market remains watchful as sustaining this recovery will require overcoming key challenges, including resistance barriers that have historically capped its upward moves. Analyzing XRP’s Resilience After $2.72 Support Test After testing the $2.72 support level, XRP has demonstrated impressive resilience, showcasing its ability to recover and build upside strength. The cryptocurrency bounced back sharply, indicating strong buying interest as support levels hold firm. This recovery suggests that the bulls are actively defending key price levels, possibly signaling a continuation of the upward trend if momentum is maintained. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ XRP’s price action following the rebound from $2.72 is crucial for determining the next moves. If the bulls sustain this positive trend, it could pave the way for further gains to the $3.0 resistance level. However, any failure to hold above the $2.72 support would reintroduce bearish pressure, putting the price back under stress. Furthermore, the RSI indicator shows a promising recovery sign, rising from the oversold zone and above the 50% threshold. This shift implies growing buying strength and signals that market sentiment is turning more positive. A move above the 50% level typically indicates that bullish pressure is gaining strength, which might set the stage for a sustained rebound. Coupled with strong support levels and other technical indicators, this is likely to kickstart an upward trend, confirming the potential for more gains. XRP Price Outlook: Sustaining Momentum Amidst Market Challenges XRP’s price outlook remains positive as it continues to gain momentum despite the challenges faced in the broader market. The altcoin has recently surged past the $2.9 key resistance levels, revealing strength among the bulls. Related Reading: XRP Long-Term Potential Remains Extremely Bullish Possibility Of Price At $20 Technical indicators, such as the RSI and moving averages, suggest that the bullish trend could persist if buying pressure remains intact thereby increasing the chances of a move toward the $3.4 resistance level. Nonetheless, sustaining this strength will depend on XRP’s ability to hold the $2.9 support level. A break below this level may trigger a pullback, dampening the uptrend. Featured image from Adobe Stock, chart from Tradingview.com
XRP price declined sharply and tested the $2.650 support zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a fresh decline below the $3.00 zone. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might struggle to clear the $3.10 and $3.12 resistance levels. XRP Price Dips Further Before Rebound XRP price struggled to continue higher above the $3.050 resistance and reacted to the downside, like Bitcoin and Ethereum. The price dipped below the $3.00 and $2.80 support levels. The pair even spiked below the $2.720 support. A low was formed at $2.6562 and the price is now correcting losses. There was a sharp increase above the $2.80 and $2.85 levels. The price cleared the 50% Fib retracement level of the downward move from the $3.207 swing high to the $2.6562 low. There was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP/USD pair. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.10 level or the 76.4% Fib retracement level of the downward move from the $3.207 swing high to the $2.6562 low. The first major resistance is near the $3.120 level. The next resistance is $3.150. A clear move above the $3.150 resistance might send the price toward the $3.20 resistance. Any more gains might send the price toward the $3.250 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be $3.450. Another Decline? If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 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 – $3.00 and $2.950. Major Resistance Levels – $3.100 and $3.120.
XRP has faced significant selling pressure over the past several hours, causing the price to dip to new local lows around $2.65. This decline comes after a period of heightened volatility in the broader cryptocurrency market. While the long-term outlook for XRP remains bullish, the recent drop highlights risks that investors need to monitor closely. Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype Top analyst Ali Martinez shared insights on X, pointing to a critical development on XRP’s daily chart. He revealed that the Bollinger Bands, a popular technical analysis indicator, were tightening prior to the drop. This “squeezing” pattern is often a precursor to a significant price movement, signaling a shift in market dynamics. As XRP moved below key demand levels, the breakdown has left traders speculating about the next possible move. Some see this as a temporary setback within a larger bullish trend, while others warn that continued selling pressure could lead to further declines. For now, XRP is at a pivotal juncture. Investors and analysts alike are closely watching for signs of stabilization and a potential rebound, which will be critical for maintaining confidence in the token’s long-term trajectory. The coming days will likely reveal whether XRP can regain momentum or continue to face downward pressure. XRP Faces Intense Volatility Amid Speculation XRP has been at the center of market activity, with massive price swings dominating the past few weeks. The cryptocurrency has faced significant volatility, and analysts predict that the coming days could bring even more aggressive movements. Despite the turbulence, many investors view this as a strategic opportunity, maintaining optimism about XRP’s long-term growth potential. Top crypto analyst Ali Martinez recently shared a key technical insight on X, pointing to tightening Bollinger Bands on XRP’s daily chart. This pattern is often associated with periods of reduced volatility followed by sharp price movements. True to form, the anticipated move materialized, leading to a dramatic price drop of over 15% in just a few hours. This steep decline has raised questions about XRP’s immediate future. While the long-term outlook remains positive for many, the recent drop has sparked concerns that XRP may be entering a deeper consolidation phase. Such phases are often necessary for market recalibration but can test investor patience and resilience. Related Reading: Ethereum Whales Keep Buying As Price Struggles – Expert Discloses Massive Accumulation The market’s current mood is mixed, with bullish investors eyeing this period as a potential accumulation phase. Meanwhile, analysts continue to monitor key technical indicators to determine whether XRP is poised for a rebound or further downside. The coming days will be crucial in shaping XRP’s trajectory and whether it can maintain its reputation as a resilient player in the crypto space. Signs of Recovery Amid Recent Volatility XRP is trading at $2.76 following a sharp drop into the $2.65 level during recent market turbulence. Despite the downturn, the price has demonstrated resilience, recovering approximately 5% in the past few hours. This rebound has brought a sense of cautious optimism among investors and traders. For bulls to reclaim momentum and steer XRP back toward bullish territory, holding above the critical $2.80 level is essential. This mark has emerged as a key threshold for maintaining upward pressure and preventing further downside. A strong defense of this level could set the stage for a broader recovery, attracting fresh buying interest and improving market sentiment. Related Reading: Cardano Consolidates In A Symmetrical Triangle – Analyst Expects A 40% Move While XRP’s long-term outlook remains constructive, the current market environment is marked by uncertainty and heightened volatility. Traders are closely watching for confirmation of strength above the $2.80 level, which would signal that bulls are regaining control. Failure to hold this mark could result in another test of the recent $2.65 lows, potentially leading to a deeper consolidation phase. Featured image from Dall-E, chart from TradingView
A new XRP price prediction has surfaced, with a crypto analyst forecasting that the popular altcoin will experience a dynamic surge to $5.85 in the new week. Based on the Elliott Wave Theory and key technical indicators, the analysis outlines how XRP could see a significant upside after breaking out a symmetrical triangle pattern. On January 26, Dark Defender, a prominent crypto analyst on X (formerly Twitter), forecasted an XRP price surge to a new all-time high of $5.85. The analyst shared a chart illustrating an Elliott Wave pattern consisting of five waves (1 through 5) in an upward trend XRP To Break Out To $5.85 Typically, the Elliott Wave theory suggests a cyclical price movement, where Wave 3 is presented as the strongest wave with the most explosive price increases. On the other hand, Wave 4 is highlighted as a corrective phase, while Wave 5 represents the final leg of an uptrend. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 Dark Defender revealed that the current XRP Elliott Wave structure was established as early as August 2023, where Wave 3 has consistently targeted the $5.85 all-time high level. This price surge would translate to an impressive 261.8% increase, marking a dynamic shift in the new week. Once the $5.85 target is achieved, Wave 5, which is the final wave of the Elliott wave cycle, points to a longer-term price target of $18.22. Achieving this level would signify a massive 361.8% increase, marking a historic milestone for XRP. In his detailed analysis, Dark Defender also pointed out a 4-hour symmetrical triangle pattern on the XRP price chart. This unique technical formation is often a precursor of a significant price movement, which, in XRP’s case, the analyst forecasts a breakout to occur within the next 16 to 20 hours following his analysis. The breakout from the triangle pattern is expected to align with the broader upward trend. Moreover, the green circle on the chart shows that the XRP price has retested and confirmed support after breaking past the breakeven line toward the $2.4 resistance level. This move sets the stage for the analyst’s projected rally, with a primary target of $5.85 level and a secondary goal of $4.55. XRP Price Plummets 10% In One Day While the broader crypto market exhibits bullish sentiments toward XRP due to its impressive performance this year, the popular altcoin is currently facing significant bearish momentum as it struggles to break through key resistance levels. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board As of writing, CoinMarketCap’s data shows that XRP has plummeted from a previous price high above $3 to $2.8. The cryptocurrency recorded a 10.3% decline in the past 24 hours after experiencing severe bearish pressure that led to a 14% drop last week. Despite this bearish performance, analysts remain increasingly bullish on XRP, predicting significant price rallies that would propel the altcoin to new heights. One notable forecast suggests that XRP could rally so high over time and potentially flip Bitcoin, the world’s largest cryptocurrency. Featured image from Adobe Stock, chart from Tradingview.com
XRP price struggled to continue higher above the $3.20 level. The price dipped below $3.00 and is currently attempting to start a recovery wave. XRP price started a downside correction from the $3.20 zone. The price is now trading below $3.050 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3.120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price Dips Just Below Support XRP price struggled to continue higher above the $3.20 resistance and reacted to the downside, like Bitcoin and Ethereum. The price dipped below the $3.15 and $3.12 support levels. There was a break below a key bullish trend line with support at $3.120 on the hourly chart of the XRP/USD pair. The pair even spiked below the $3.00 support. A low was formed at $2.940 and the price is now consolidating losses. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There was a minor move above the 23.6% Fib retracement level of the downward move from the $3.207 swing high to the $2.940 low. On the upside, the price might face resistance near the $3.050 level or the 50% Fib retracement level of the downward move from the $3.207 swing high to the $2.940 low. The first major resistance is near the $3.150 level. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.250 resistance. Any more gains might send the price toward the $3.350 resistance or even $3.3650 in the near term. The next major hurdle for the bulls might be $3.450. More Losses? If XRP fails to clear the $3.050 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.00 and $2.950. Major Resistance Levels – $3.050 and $3.120.
XRP, the native cryptocurrency of the Ripple network, has seen its price grow massively in recent months, allowing it to overtake many other large-market cap cryptocurrencies. At the time of writing, XRP is the third-largest crypto by market cap, and current buying trends suggest it might stay there for a while. As of January 25, 2025, the altcoin has a total supply of 100 billion tokens, with approximately 57.64 billion currently in circulation. Notably, a significant portion of this circulating supply is concentrated among a small number of wallets. Specifically, the top 10 addresses hold about 20.99% of the circulating supply, while the top 50 addresses control approximately 53.3%, which raises the question about the distribution of wealth in the ecosystem and who stands to benefit the most from the price rally. Top 20 Wallets And Their Dominance Over XRP Supply The largest XRP holdings are primarily associated with Ripple Labs, its founders, and major cryptocurrency exchanges. In terms of numbers, data from Coincarp shows that out of the 4,840,747 addresses, the top 20 holders, the top 50 holders, and the top 100 holders hold 50.31%, 63.74%, and 71.76% of the circulating supply, respectively. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue According to distribution data, Ripple Labs currently owns around 46 billion XRP tokens, although most are locked in escrow. These tokens are released periodically in pre-set amounts, limiting Ripple’s ability to freely access or manipulate the escrowed funds. Even with these restrictions, Ripple Labs holds a considerable amount of liquid XRP. Data from blockchain explorer Bithomp indicates that one of Ripple’s wallet addresses alone contains over 1.3 billion XRP. Also, Ripple Labs co-founder Chris Larsen is the largest individual holder of XRP, holding over 5 billion tokens, making him one of the wealthiest individuals in the ecosystem. Major exchanges like Binance and Uphold also manage significant reserves. For instance, one of Binance’s wallets holds over 1.3 billion XRP, accounting for approximately 1.33% of the circulating supply. South Korean-based crypto exchange Upbit also holds about 4.38% of the total supply, among a few other exchanges. Holding Distribution: Anything To Fear? These large-scale holdings by exchanges and Ripple-related entities paint a picture of an XRP ecosystem dominated by a relatively small group of stakeholders. However, when you think about it, these large holdings are not in the hands of any private company or individual that would potentially be at risk of manipulating the price for their benefit. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Furthermore, the bulk held by exchanges represents aggregated assets belonging to thousands, if not millions, of individual users. As such, their concentration in exchanges does not pose any unnatural risk to the natural price dynamics for XRP. At the time of writing, XRP is trading at $3.10, having recently reached a seven-year high of $3.38. Featured image from Medium, chart from Tradingview.com
In a notable change in the crypto regulatory environment, asset managers are regaining confidence in their pursuit of ETFs. Significantly, CoinShares submitted applications for a spot XRP ETF and a Litecoin (LTC) fund, indicating an increasing enthusiasm for altcoin investment offerings. CoinShares Targets Litecoin And XRP ETF CoinShares’ submission arises as the US ETF market is progressively concentrating on cryptocurrency investments, after the approval and resulting success of funds investing in Bitcoin (BTC) and Ethereum (ETH) in 2024. The firm has submitted an S-1 registration statement to the Securities and Exchange Commission (SEC) to launch the XRP ETF, aimed at providing investors with direct exposure to the market’s second largest altcoin. Related Reading: SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve Additionally, CoinShares is expanding its offerings by applying for a spot Litecoin ETF, positioning itself as one of the few companies actively exploring altcoin-based ETFs in the US market. On the same day, Grayscale Investments also filed applications with the New York Stock Exchange (NYSE) for both a Solana ETF and a Litecoin ETF, alingning with other firms, including Canary Capital and CoinShares, all seeking regulatory approval for similar products. Skepticism Surrounds Proposed Litecoin ETF Despite the enthusiasm surrounding the XRP ETF filing, the altcoin has shown a mixed response in the market. XRP recently emerged from a nearly three-year consolidation period below the $0.50 mark, boosted by excitement surrounding pro-crypto regulatory shifts under President Donald Trump. Currently, XRP is experiencing remarkable momentum, boasting a staggering 500% year-to-date gain, trading at approximately $3.10. However, the announcement of CoinShares’ XRP ETF did not significantly impact the token’s price, which remains down 0.4% within a 24-hour period. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 On a more critical note, the proposed Litecoin ETF has sparked skepticism among some market experts. Analyst Ali Martinez expressed concerns regarding the viability of a Litecoin ETF, pointing out that the coin has remained stuck in the same price range since 2017, a span of eight years. The analyst continued to probe the reasoning for initiating a Litecoin ETF when ironic options, like a “USDT ETF,” he claims, might provide more instant advantages such as staking rewards. Featured image from DALL-E, chart from TradingView.com
XRP is currently at a critical juncture, trading at a key level after breaking its all-time high just eight days ago. Despite the market’s inherent volatility, price action remains robust, fueling optimism among investors and analysts. As the broader crypto market enters a bullish phase, XRP is gaining attention as a potential leader in the next major rally. Related Reading: Solana Compresses Near Previous ATH – Gearing Up For The Next Leg Higher? Market sentiment is growing increasingly positive, with analysts predicting a massive move into price discovery. Among them, crypto expert Carl Runefelt has shared an intriguing technical analysis on X, highlighting a bullish setup for XRP. According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation. This pattern suggests that XRP is consolidating before a significant breakout, which could propel the price into uncharted territory. As excitement builds, investors are watching closely to see whether XRP can sustain its momentum and capitalize on the bullish market environment. A breakout from the bullish pennant could confirm XRP’s trajectory toward new milestones, reinforcing its position as one of the market’s most dynamic assets. XRP About To Enter Price Discovery XRP is on the verge of entering price discovery as the broader crypto market signals a bullish rally. Following a strong pump in early November, XRP’s price action has remained resilient, fueling optimism for substantial gains in the months ahead. As the market flirts with a decisive phase, XRP continues to stand out as a top contender for life-changing returns for investors and traders. Renowned crypto analyst Carl Runefelt has shared an insightful technical analysis on X, highlighting a bullish setup for XRP. According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation. Based on this setup, Runefelt has set a price target of $4.20 in the coming weeks, aligning with broader expectations of a market-wide rally. The bullish pennant suggests that XRP is consolidating before its next major move. If the pattern holds, the breakout could propel XRP into uncharted territory, confirming its position as a leading asset in this market cycle. Related Reading: Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target As the market gears up for a potentially explosive phase, XRP is well-positioned to capitalize on the momentum. With its strong price action and favorable technical setup, XRP has the potential to deliver significant returns. Investors and traders are closely watching as XRP prepares for its next move, with anticipation building for what could be a pivotal rally. Price Testing Critical Levels XRP is currently trading at $3.19, following a massive surge above its previous all-time high last week. The recent price action highlights XRP’s strength as it continues to attract investor interest during this bullish phase. However, the asset has entered a brief consolidation phase, which could signal preparation for its next move. For bulls to maintain momentum and sustain the uptrend, reclaiming the $3.25 resistance level is critical. Breaking above this mark would likely reignite buying pressure and pave the way for another push toward new all-time highs. Achieving this would reinforce the bullish structure and solidify XRP’s position as one of the market’s top-performing assets. Conversely, holding above the $3.05 support level is equally important to confirm the ongoing trend. This level has become a key line of defense, and a breakdown below it could signal weakness, potentially leading to a deeper correction and testing lower demand zones. Related Reading: Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details As XRP consolidates, investors are closely monitoring these crucial levels. A breakout above $3.25 or a strong defense of $3.05 will provide clearer direction for XRP’s next move. The coming days will be pivotal in determining whether XRP can sustain its bullish momentum or face temporary headwinds. Featured image from Dall-E, chart from TradingView
The XRP price is in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20. XRP Long To Short Term Price Prediction According to a crypto analyst identified as ‘XRP Meesku’ on X (formerly Twitter), the XRP price is gearing up to skyrocket to a new long-term ATH target of $20. The analyst’s bullish outlook for the token stems from its innovative potential, as advanced developments and technological advancements tend to drive price surges in a cryptocurrency. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Notably, the analyst revealed that there has been ongoing speculation that XRP could be pivotal in national banking. He highlighted that many discussions have arisen suggesting that the altcoin could be used as a potential base layer for the United States (US) banking system. If this happens, it could fuel significant growth and adoption for XRP, potentially positioning it as a “global asset that is gaining traction.” Moreover, it could trigger a price increase of $20 ATH for the altcoin. In the mid-term time frame, XRP Meeksu predicts that the altcoin could potentially hit $8 first before attempting to break past its cycle top. He reveals that his optimistic outlook for XRP was influenced by factors such as new financial products like futures and the ongoing legal challenges with the US Securities and Exchange Commission (SEC). Based on his analysis, the crypto expert suggests that resolving these issues could spark a price rally. Finally, the analyst shared a short-term price forecast for XRP, highlighting that altcoin is expected to experience significant volatility, leading to price fluctuations. Due to its sharp growth potential, he predicts a surge to $3.6 or higher was possible. Moreover, the X market expert mentioned the increase in significant liquidation trends, underscoring that traders may take a long position after being forced to close due to market fluctuations. Bullish Factors Driving The Price Surge While the XRP Meeksu shares his long- to short-term bullish prediction for the XRP price, the analyst also outlines several bullish activities that could drive a potential surge in the cryptocurrency. According to the crypto expert, the XRP market has seen a lot of activity lately, with the price stabilizing despite spikes in whale activity. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Looking at the asset’s past performances, the analyst mentions a notable transfer of $62 million to various crypto exchanges — a movement that could potentially be seen as a sell signal for strategic whale repositioning. Moreover, the CME Group has hinted at launching XRP futures, paving the way for institutional adoption and engagement in the cryptocurrency. Furthermore, the analyst delved deeper into the lawsuit between Ripple and the SEC, highlighting discussions about potential settlements and the conclusion of the almost four-year legal battle. Despite the lawsuit drama, the crypto expert disclosed that XRP’s overall sentiment remains bullish as analysts project more growth in the future. He revealed that XRP is showing signs of a price recovery and could soon hit new ATHs. Moreover, its community remains vibrant and active, sharing updates about ongoing scam threats, key events, and more. Featured image from Adobe Stock, chart from Tradingview.com
XRP price struggled to continue higher above the $3.25 level. The price is now correcting gains and might find bids near the $3.00 level. XRP price started a downside correction from the $3.250 zone. The price is now trading below $3.150 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price Dips To Support XRP price managed to start a fresh increase from the $3.050 support zone, but upsides were limited compared to Bitcoin. The price was able to surpass the $3.150 level before the bears appeared. A high was formed at $3.25 and the price corrected all gains. A low was formed at $3.035 and the price is now consolidating below the 23.6% Fib retracement level of the downward move from the $3.285 swing high to the $3.035 low. The price is now trading below $3.15 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.10 level. There is also a connecting bearish trend line forming with resistance at $3.10 on the hourly chart of the XRP/USD pair. The first major resistance is near the $3.160 level or the 50% Fib retracement level of the downward move from the $3.285 swing high to the $3.035 low. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.250 resistance. Any more gains might send the price toward the $3.350 resistance or even $3.3650 in the near term. The next major hurdle for the bulls might be $3.450. More Losses? If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.050 level. The next major support is near the $3.00 level. If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.050 and $3.00. Major Resistance Levels – $3.10 and $3.20.
XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement. Historically, such periods of consolidation are often precursors to significant market shifts, making this a critical moment for XRP enthusiasts and traders alike. A breakout above the upper boundary at $3.4 will probably act as a bullish catalyst, indicating renewed momentum and attracting fresh buying interest. Such a move may pave the way for XRP to target higher levels, fueling market confidence. However, a breakdown below the $2.9 support could spell trouble, inviting stronger selling pressure. With technical indicators and trading volumes offering mixed signals, all eyes are now on XRP’s price action to see whether it will deliver a breakout or succumb to a bearish reversal. A Tug-Of-War Between XRP Bulls And Bears A consolidation phase has emerged within the $2.9 to $3.4 range, showcasing a battle between bullish and bearish forces. The $2.9 level has proven to be a robust support, preventing further declines, while the $3.4 resistance acts as a key barrier to upward momentum. This tug-of-war highlights the indecision in the market, with traders closely watching for a breakout or breakdown to gauge the next significant price direction. Related Reading: XRP Price Sets the Stage for More Gains: Bulls Hold the Momentum However, technical indicators are offering valuable insights into XRP’s consolidation phase such as the Relative Strength Index (RSI) suggesting a potential bearish breakout below the critical $2.9 support level. The RSI, currently dropping below the 50% threshold, reflects a weakening buying momentum. If the RSI continues to dip toward oversold territory, it might indicate that bears might be gaining the upper hand, increasing the likelihood of a price drop below $2.9. A breakdown at this support level may trigger negative momentum, pushing the altcoin into a deeper retracement phase. While consolidation phases often precede significant market moves, the RSI’s negative alignment warns traders to remain cautious as a failure to hold $2.9 could attract more sellers. Monitoring RSI movements alongside other technical indicators will be crucial in anticipating XRP’s next move amidst this uncertain phase. The Importance Of Defending The $2.9 Support Level Recent price action shows that the $2.9 support level is a critical threshold for XRP as bearish pressure looms. A decisive break below this level would result in increased selling pressure, driving the price down toward $1.9. This makes defending $2.9 a priority for the bulls since maintaining this level could provide the stability needed for a rebound. Related Reading: XRP Breaks Out Of Bull Flag And Targets $4.40, Predicts Crypto Analyst Failure to hold $2.9 might also shake trader confidence, reinforcing pessimistic sentiment and extending XRP’s consolidation phase. It is advisable to monitor price action and volume near this key level as it might determine whether XRP remains resilient or submits to more downside risks. Featured image from Adobe Stock, chart from Tradingview.com
XRP price struggled to continue higher above the $3.30 level. The price is now correcting gains and might find bids near the $3.00 level. XRP price started a downside correction from the $3.30 zone. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3.1450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price Dips Again XRP price managed to start a fresh increase from the $3.120 support zone, but upsides were limited compared to Bitcoin. The price was able to surpass the $3.250 level before the bears appeared. A high was formed at $3.285 and the price recently started a downside correction. There was a move below the $3.20 support. The price dipped below the 50% Fib retracement level of the upward move from the $3.012 swing low to the $3.285 high. Besides, there was a break below a connecting bullish trend line with support at $3.1450 on the hourly chart of the XRP/USD pair. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. It is now holding the 61.8% Fib retracement level of the upward move from the $3.012 swing low to the $3.285 high. On the upside, the price might face resistance near the $3.150 level. The first major resistance is near the $3.20 level. The next resistance is $3.250. A clear move above the $3.250 resistance might send the price toward the $3.30 resistance. Any more gains might send the price toward the $3.4250 resistance or even $3.450 in the near term. The next major hurdle for the bulls might be $3.50. More Losses? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.120 level. The next major support is near the $3.00 level. If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.120 and $3.00. Major Resistance Levels – $3.20 and $3.250.
XRP price started a fresh increase above the $3.150 level. The price is holding gains and might start another increase if it clears the $3.2250 resistance. XRP price started a fresh increase from the $3.00 support zone. The price is now trading above $3.120 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.10 support. XRP Price Aims Higher XRP price managed to start a fresh increase from the $3.00 support zone, but upsides were limited compared to Bitcoin. The price was able to surpass the $3.050 and $3.120 resistance levels. There was a clear move above the 50% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. Besides, there is a connecting bullish trend line forming with support at $3.10 on the hourly chart of the XRP/USD pair. The price is now trading above $3.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.2250 level or the 61.8% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. The first major resistance is near the $3.28 level. The next resistance is $3.350. A clear move above the $3.350 resistance might send the price toward the $3.450 resistance. Any more gains might send the price toward the $3.50 resistance or even $3.550 in the near term. The next major hurdle for the bulls might be $3.650 and a new all-time high. Another Decline? If XRP fails to clear the $3.2250 resistance zone, it could start another decline. Initial support on the downside is near the $3.10 level and the trend line. The next major support is near the $3.00 level. If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.10 and $3.00. Major Resistance Levels – $3.2250 and $3.350.
XRP is currently trading around the $3.10 level after a weekend marked by significant volatility and a lackluster market response to President Donald Trump’s inauguration day. Hopes had been high among crypto investors that the new U.S. President would highlight pro-crypto policies in his opening speech. However, the absence of any mention of cryptocurrencies triggered short-term selling pressure, causing a dip in XRP’s price. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target Despite the initial disappointment, key on-chain metrics from Santiment paint a more optimistic picture for XRP. Data reveals that whales—large holders of XRP—bought over 100 million tokens in the past 48 hours. This significant accumulation suggests that big players remain confident in XRP’s long-term potential, even amid temporary market uncertainty. The buying spree by whales comes at a crucial time, as XRP tests key support levels near $3.10. With strong on-chain activity and institutional interest, the cryptocurrency appears to be building a foundation for a potential recovery. Investors are now closely watching for signs of renewed momentum as the market digests recent events. While the short-term outlook remains cautious, XRP’s resilience and the growing confidence of major players could set the stage for a rebound in the coming days. XRP Showing Strength XRP has broken through critical levels, reaching new all-time highs last Thursday, marking its highest price since January 2018. This milestone has reignited bullish sentiment among investors, with many confident that XRP will continue trending upward despite the market’s ongoing volatility. As one of the top-performing assets in the current cycle, XRP’s resilience and upward trajectory are capturing the attention of both retail and institutional investors. The market remains optimistic about XRP’s short-term and long-term prospects, fueled by strong technical and fundamental signals. Renowned analyst Ali Martinez recently highlighted key data from Santiment, revealing significant whale activity. The data shows whales have accumulated over 100 million XRP in the past 48 hours, indicating strong ongoing accumulation. This substantial buying activity suggests that major players are preparing for further upside, reinforcing confidence in XRP’s potential for sustained growth. Meanwhile, market participants eagerly await an announcement from President Donald Trump that could inject renewed optimism into the crypto space. With the final phase of the bull run underway, a pro-crypto statement could serve as a powerful catalyst to keep the broader market trending upward. Related Reading: Solana Turns Key Level Into Support – Analyst Expects ‘Violent Moves Before Next Leg Up’ As XRP consolidates near its new highs, its ability to maintain bullish momentum will be crucial. Investors are closely watching for signs of sustained strength, with the expectation that XRP will lead the market into new territory. If the bullish trends continue, XRP is well-positioned to remain a standout performer in the ongoing crypto rally. Price Action: Key Levels To Watch XRP is currently trading at $3.09, following a period of heightened volatility and market uncertainty. Despite recent fluctuations, the cryptocurrency is showing signs of strength as it prepares for its next move upward. Breaking last year’s high of $2.90 was a pivotal moment for XRP, signaling renewed bullish momentum. After reaching a new all-time high (ATH) of $3.40, XRP successfully retested the previous high as support, a positive indicator for its short-term trajectory. If bulls can maintain control and hold above the $2.90-$3.00 support zone, XRP appears poised for a bullish rally. This consolidation above critical levels is building a strong foundation for further gains, and a decisive push above the $3.40 ATH could lead to a significant breakout. Related Reading: Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened? Market sentiment remains optimistic as XRP demonstrates resilience and bullish technicals. Investors are closely monitoring the price action, with many expecting a surge if key support levels hold. The potential for another rally puts XRP in the spotlight, as it aims to continue leading the market upward. With the broader crypto market heating up, XRP’s performance in the coming days will be crucial in determining whether it can sustain its bullish trajectory and reach new highs. Featured image from Dall-E, chart from TradingView.
XRP price started a fresh increase above the $3.250 level. The price is holding gains and might start another increase if it clears the $3.180 resistance. XRP price traded toward the $3.35 level before it corrected some gains. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $3.0650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price Holds Support XRP price managed to start a fresh increase above the $3.050 and $3.150 resistance levels. The price even cleared the $3.20 resistance level, but underperformed Bitcoin. A high was formed at $3.3625 before there was a downside correction. There was a drop below the $3.15 level. A low was formed at $3.00 and the price is now recovering. There was a move above the $3.050 level. The price cleared the 23.6% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is also key rising channel forming with support at $3.0650 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.180 level or the 50% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. The first major resistance is near the $3.225 level. The next resistance is $3.350. A clear move above the $3.350 resistance might send the price toward the $3.450 resistance. Any more gains might send the price toward the $3.50 resistance or even $3.550 in the near term. The next major hurdle for the bulls might be $3.650 and a new all-time high. Another Downside Correction? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.0650 level. The next major support is near the $3.00 level. If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.0650 and $3.00. Major Resistance Levels – $3.180 and $3.220.
On-chain data shows the XRP whales have been making a large amount of inflow transactions to Binance recently, a sign that may not be ideal for the asset’s price. XRP Whales Have Made A High Number Of Transactions To Binance Recently As explained by an analyst in a CryptoQuant Qucktake post, the XRP Whale to Exchange Transactions metric has spiked for the cryptocurrency exchange Binance recently. Related Reading: Crypto Liquidations Cross $300 Million As Bitcoin Reclaims $102,000 The “Whale to Exchange Transactions” here is an on-chain metric that keeps track of the total number of transfers that are taking place from whale entities to wallets associated with a given centralized exchange. Whales refer to the largest of investors on the network, who can hold some degree of influence in the market thanks to their huge holdings. As such, this cohort can be worth keeping an eye on. One way to monitor their movements is through the Whale to Exchange Transactions. When the value of this metric is high, it means the whales are making a high number of moves to the platform. As one of the main reasons why investors use exchanges is for selling-related purposes, this kind of trend can be a sign that the large holders are looking to sell. On the other hand, the indicator being low can imply this group isn’t interested in trading away the cryptocurrency as it’s not making too many exchange-related transfers. Now, here is the chart shared by the quant that shows the trend in the 7-day simple moving average (SMA) of the XRP Whale to Exchange Transactions for Binance over the past couple of years: As is visible in the above graph, the 7-day SMA XRP Whale to Exchange Transactions for Binance registered an extremely large value just before the latest price rally beyond the $3.3 mark. Related Reading: XRP Surges Past $3.2 As Whale Activity Spikes 81% The timing would imply that these humongous investors may have been anticipating the run, so they made the transfers in order to appropriately reposition themselves. So far, XRP has managed to hold around its highs, meaning that the whales may not have yet pulled the trigger on their selling. It only remains to be seen, though, how long these investors would keep sitting on their profits, especially if the cryptocurrency continues its recent trend of sideways movement. XRP Price XRP has been one of the best performers among the top coins by market cap during the past week, with its price noting a surge of more than 38%. While the run started off strong, it has seen a cooldown in the last few days as the asset has seen overall flat consolidation. The below chart shows how the asset’s price has behaved during the past month. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
XRP price started a fresh increase above the $3.050 level. The price is holding gains and might continue to rise if it clears the $3.20 resistance. XRP price gained over 15% and rallied toward the $3.40 zone. The price is now trading below $3.250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.880 support. XRP Price Dips To Support XRP price managed to start a fresh increase above the $2.750 and $2.880 resistance levels. The price outperformed both Bitcoin and Ethereum. There was a move above the $3.050 and $3.20 levels. The price tested the $3.40 zone and recently corrected some gains. A low was formed at $2.81 and the price is now recovering. There was a move above the $3.050 level. The price cleared the 50% Fib retracement level of the downward move from the $3.23 swing high to the $2.81 low. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.130 level or the 76.4% Fib retracement level of the downward move from the $3.23 swing high to the $2.81 low. The first major resistance is near the $3.20 level. The next resistance is $3.230. A clear move above the $3.230 resistance might send the price toward the $3.320 resistance. Any more gains might send the price toward the $3.40 resistance or even $3.420 in the near term. The next major hurdle for the bulls might be $3.50 and a new all-time high. Another Downside Correction? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.88 level. If there is a downside break and a close below the $2.88 level, the price might continue to decline toward the $2.750 support. The next major support sits near the $2.650 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 below the 50 level. Major Support Levels – $3.00 and $2.880. Major Resistance Levels – $3.130 and $3.20.
XRP has captured the crypto market’s attention with its impressive bullish performance, surging over 45% in just six days. The token’s rally reached a new milestone on Thursday as it broke its all-time high, solidifying its position as one of the top-performing assets in the market. With Monday’s inauguration of President-elect Donald Trump on the horizon, speculation about the potential impact of his administration on the crypto space is driving even more bullish sentiment for XRP. Related Reading: Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened? Top analyst Ali Martinez recently shared a technical analysis highlighting the token’s strong price action. According to Martinez, XRP appears to have broken out of a bullish flag pattern, a technical indicator that often signals the continuation of an uptrend. Based on this pattern, the price could be gearing up for an upswing to $4, a significant level that would mark another major milestone in its ongoing rally. As XRP continues to outperform, investors are closely monitoring the token’s next moves, with many believing it could benefit from a more crypto-friendly environment under the incoming administration. With strong technical indicators and growing market optimism, XRP appears poised for further gains, making the coming days a pivotal moment for the asset. XRP Poised For A Massive Rally XRP has had a highly volatile week, with price action capturing the attention of the crypto market. After dropping to $2.32 earlier in the week, XRP staged an impressive recovery, surging to new all-time highs around $3.40. This marks a historic moment for the cryptocurrency, as it finally surpassed its previous all-time high set in 2018, breaking a seven-year record. The milestone has reignited enthusiasm among analysts and investors, who now see XRP as one of the hottest assets in the market. Market sentiment is overwhelmingly bullish, with many expecting XRP’s momentum to carry it even higher in the coming weeks. Martinez recently shared a technical analysis on X, revealing that XRP has broken out of a bullish flag pattern—a continuation indicator often associated with significant price surges. Based on this pattern, Martinez predicts that XRP could be gearing up for an upswing to $4, signaling another major milestone for the asset. Adding to the optimism is the broader macroeconomic environment, as President-elect Donald Trump is set to assume office on Monday. With expectations of a pro-crypto administration, many believe XRP and the broader market could benefit from favorable policies and heightened investor interest. Related Reading: Raydium Breaks Key Level Showing Relative Strength – New Highs Next? As XRP enters this pivotal phase, investors are closely monitoring its ability to sustain recent gains and build on its bullish trajectory. With technical indicators aligning and market optimism growing, the coming days could be transformative for XRP, setting the stage for even higher price levels in 2024. Price Discovery Phase: What To Expect XRP is currently trading at $3.20, following its recent surge to an all-time high (ATH) of $3.40. The price action remains extremely bullish, with strong momentum suggesting the potential for further gains in the coming days. Analysts and investors are optimistic that XRP could push above its newly set ATH, marking another milestone in its ongoing rally. Holding the $3.00 level is critical for sustaining this momentum. This psychological and technical support serves as a foundation for continued bullish sentiment. If XRP can consolidate above this mark, it would reinforce confidence among traders and signal the strength needed to attempt another breakout. However, the market remains highly volatile, and XRP is no exception. The rapid price movements seen in recent weeks highlight the potential for liquidity sweeps and aggressive corrections. Such volatility underscores the importance of risk management, as sudden pullbacks could occur before the next leg up. Related Reading: Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH As XRP navigates this pivotal phase, traders are watching closely for signs of sustained strength or potential reversals. If XRP maintains its momentum and holds key support levels, it could be poised to extend its bullish trajectory and achieve new highs in the near future. Featured image from Dall-E, chart from TradingView
XRP has enjoyed a rally beyond the $3.2 mark as on-chain data shows the cryptocurrency is among the altcoins witnessing the largest whale activity spikes. XRP Whale Transaction Count Has Exploded Recently In a new post on X, the on-chain analytics firm Santiment has shared the list of altcoins that have seen the largest jumps in Whale Transaction Count during the past week. The “Whale Transaction Count” here refers to an indicator that keeps track of the total amount of transfers occurring on a given network that are carrying a value of more than $100,000. Related Reading: Litecoin (LTC) Jumps 19%: What’s Behind The Rally? Only the whale entities are usually capable of moving such large amounts with single transactions, so the metric is assumed to reflect the level of activity in which these humongous investors are participating. When the Whale Transaction Count has a high value, it means the whales are making a large number of moves on the blockchain. Such a trend implies these key holders have a notable interest in trading the asset. On the other hand, the indicator being low suggests that large investors may not be paying much attention to the cryptocurrency as their transactions remain at a low level. Now, here is the table posted by the analytics firm that shows the ranking of the altcoins (with a market cap greater than $500 million) in terms of the percentage increase in the Whale Transaction Count over the past week: As is visible above, there have been seven cryptocurrencies that have witnessed a Whale Transaction Count spike of at least 100% in this period. The altcoin that most stands out on the list, however, is actually in the eighth spot: XRP (XRP). The asset has witnessed around an 81% increase in whale activity during the last seven days, which, while lesser than the others, is still more impressive simply because of the fact that the coin has a much more massive market cap. XRP would already have many whales active on the blockchain, so to still register a growth of this degree would imply an extraordinary rise in transactions in pure numbers. Generally, a high Whale Transaction Count is something that can lead to volatility in an asset’s price. The emerging price action can be in either direction, as the indicator only tracks the number of transfers and contains no information about whether the whales are making the moves for buying or selling purposes. Related Reading: XRP, Bitcoin Recovery Only Short-Lived? TD Sequential May Suggest So In XRP’s case, though, it would appear that these transactions have been for buying indeed, as its price has seen an impressive rally of almost 41% inside the window. Interestingly, the altcoin that has topped the list isn’t one with a variable price, but rather a stablecoin: Dai on the BNB blockchain. “For stablecoins, increased activity is typically a good sign that large levels of funds are being prepared to be swapped for altcoins that are common with that stablecoin’s trading pair,” notes Santiment. XRP Price At the time of writing, XRP is trading around $3.2, down 2% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com
The XRP price has rallied to its all-time high (ATH) of $3.4, sparking bullish sentiment in the XRP community. This price surge is due to bullish fundamentals, including Donald Trump’s receptiveness to a crypto reserve that would include the coin. Factors Behind The XRP Rally To Its ATH CoinMarketCap data shows that the XRP price rallied to $3.40 yesterday, a price level that represents its current all-time high (ATH) on some exchanges like Binance and Kraken. This price surge has occurred due to several factors, including a report that Donald Trump is receptive to the idea of an America-first strategic reserve. Related Reading: Bitcoin Price Above $100,000 Renews Hope, Analyst Reveals The Cycle Top As Bitcoinist reported, this initiative would focus on cryptocurrencies that were founded in the US, including XRP, Solana, and USDC. This is bullish for these coins, as it would lead to greater adoption for them. This news already sparked a bullish sentiment among investors, leading to this XRP price surge. Before now, these investors, especially crypto whales, were accumulating, another factor contributing to the XRP price surge. Bitcoinist reported that this category of investors had bought 1.43 billion coins in two months. This is massive, considering how these accumulation trends always lead to price discovery, which is being witnessed with XRP at the moment. This accumulation trend looks to have intensified on the news of the potential crypto reserve involving XRP. CoinMarketData shows that the coin’s trading volume has surged by 7% in the last 24 hours, with $24.18 billion traded during this period. This surge in trading volume has also contributed to the XRP price rally. Meanwhile, it is worth mentioning that the US Securities and Exchange Commission (SEC) filed its opening brief in its appeal against Ripple. However, this development was considered bullish for the XRP price, as the Commission did not dispute Judge Analisa Torres’ ruling that XRP isn’t a security. Why The Price Surge Is Likely To Continue The XRP price surge will likely continue based on its bullish fundamentals and technicals. From a fundamental perspective, Donald Trump is set to take office on January 20, meaning that this crypto reserve, which will include XRP, could come to life sooner rather than later. Trump’s administration is also bullish for XRP because of the possible emergence of pro-crypto Paul Atkins as the next SEC Chair. Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Paul Atkin’s pro-crypto stance has led to predictions that the Commission will likely drop the appeal against Ripple once he takes office. The Commission is also expected to approve the pending XRP ETF applications under Atkins. From a technical perspective, crypto analysts have also provided a bullish outlook for the XRP price. Crypto analyst CasiTrades predicted that XRP will break its ATH and rally to between $8 and $13. At the time of writing, the XRP price is trading at around $3.34, up over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
XRP price started a fresh increase above the $3.00 level. The price is up over 15% and might continue to rise if it clears the $3.40 resistance. XRP price gained over 15% and rallied above the $3.00 zone. The price is now trading above $3.050 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3.150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price Settles Above $3.00 XRP price managed to start a fresh increase above the $2.650 and $2.80 resistance levels. The price gained over 15% and outperformed both Bitcoin and Ethereum. There was a move above the $3.00 and $3.050 levels. The bulls even pumped the price above the $3.20 resistance to start another increase. It traded as high as $3.399 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.332 swing low to the $3.40 high. The price is now trading above $3.20 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3.150 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.350 level. The first major resistance is near the $3.40 level. The next resistance is $3.420. A clear move above the $3.420 resistance might send the price toward the $3.50 resistance. Any more gains might send the price toward the $3.650 resistance or even $3.80 in the near term. The next major hurdle for the bulls might be $4.00 and a new all-time high. Downside Correction? If XRP fails to clear the $3.40 resistance zone, it could start another decline. Initial support on the downside is near the $3.250 level. The next major support is near the $3.20 level and the trend line. If there is a downside break and a close below the $3.20 level, the price might continue to decline toward the $2.8850 support and the 50% Fib retracement level of the upward move from the $2.332 swing low to the $3.40 high. The next major support sits near the $2.750 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 – $3.20 and $3.050. Major Resistance Levels – $3.40 and $3.50.
XRP has hit a new multi-year high after surpassing the $3 mark amid the market recovery. The ongoing rally has fueled investors’ and analysts’ bullish sentiment, suggesting that the race to a new all-time high (ATH) has started. Related Reading: Ethereum Recovers From Drop Below $3,000: Analyst Points At 2021 Rally Similarities XRP Hits $3 After Seven Years XRP has been one of the best-performing cryptocurrencies after the post-election pump, rallying over 450% since November 6. In the past two months, the altcoin has outperformed most of the market, holding above key support zones during the market’s corrections. In December, the cryptocurrency climbed to its multi-year high of $2.9, hovering between the $1.9-$2.7 price range for the rest of the month. Despite the broader market retraces, the altcoin held the range’s lower zone, confirming it as a key support level. Moreover, XRP has traded between the $2.1 and $2.6 levels for the past two weeks, holding above the $2.2 support amid the start-of-year pullbacks. Over the last few days, the cryptocurrency has been attempting a breakout, as some analysts noted. Analyst Carl Runefelt noted that XRP had been retesting the descending resistance of a one-month symmetrical triangle pattern, which targeted a surge to the December highs. On Wednesday, XRP’s price skyrocketed 30% from Monday’s lows to break above the key resistance level and reach a new multi-year high. As Bitcoin reclaimed the $98,00-$99,000 price range, the cryptocurrency soared 17% in the daily timeframe to briefly surpass the $3 barrier for the first time since 2018, trading just 12% below its ATH of $3.4. After the long-awaited milestone, XRP retraced to $2.9 again and is currently testing the resistance level as support. XRP’s Rally To New ATH ‘Just Started’ Analyst Ali Martinez shared that whales have noted XRP’s momentum as the number of large-scale transactions on the XRP network surged. According to the post, the network saw 341 transactions over $1 million in the last 24 hours. Crypto analysis firm Santiment also revealed that wallets holding 1 million to 10 million XRP have continued to accumulate the altcoin. The firm stated that these wallets have added around $3.8 billion in XRP since November 12, marking an increase of 37%. Meanwhile, Crypto trader Miky Bull pointed out that the altcoin has broken out of a multi-year downtrend line against its BTC trading pair. According to the post, the cryptocurrency broke above the trendline during its November breakout and has held above it for the past two months. Related Reading: Bitcoin Daily Close To ‘Dictate The Next Move’, Is Another Price Drop Ahead? Additionally, the trader highlights that, historically, whenever XRP broke out from its downtrend line against BTC, it would kickstart a massive rally to new highs. He suggested that if it were to repeat this behavior, XRP/BTC could be near 0.0004, which would see XRP’s price in double digits. Based on this, Miky added that the altcoin’s next target should be $4, which would represent a 37% increase from current prices. As of this writing, the altcoin is trading at $2.91, an 11% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
An analyst has revealed how XRP and Bitcoin are among the cryptocurrencies seeing a sell signal on the Tom Demark (TD) Sequential after the market recovery. XRP & Bitcoin Among Coins Seeing TD Sequential Sell Signal In a new post on X, analyst Ali Martinez has talked about the TD Sequential pattern that four top assets in the sector have formed recently. The “TD Sequential” refers to an indicator from technical analysis (TA) that’s used for locating probable points of reversal in any asset’s price. The indicator involves two phases: the setup and countdown. During the first of these, candles of the same color in the cryptocurrency’s chart are counted up to nine. These candles don’t have to be one after the other. Related Reading: Social Media Turns Bullish On Dogecoin, Solana As Market Rebounds Once the candles are in, the coin may be considered to have arrived at a spot of reversal. Naturally, this would suggest a shift to a downtrend if green candles completed the setup and that to the upside in case of red ones. As soon as the setup is done, the second phase, the countdown, begins. There isn’t anything different about how the countdown works, except for the fact that here thirteen candles are counted, not nine. This phase’s finish, too, can be assumed to coincide with a likely turnaround in the asset. Four cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Solana (SOL) have completed a TD Sequential phase of the former type on their 4-hour prices recently. Here are the charts shared by the analyst that shows the trend leading up to this signal: As is visible in the above graphs, all of these assets have just finished a TD Sequential setup with nine green candles. These candles have corresponded to the recovery that the coins have enjoyed during the last couple of days. Considering what such a TD Sequential setup implies, though, this uptrend may not be here to stay for the cryptocurrency market. So far, XRP, Bitcoin, and the others have continued to rise despite this signal, but it remains to be seen how long the trend would last. In some other news, whale activity on the XRP network has witnessed an increase recently, as Martinez has pointed out in another X post. The chart shows the data for the “Whale Transaction Count” metric from the on-chain analytics firm Santiment. This indicator keeps track of the total amount of transfers taking place on the XRP network that are carrying a value of more than $1 million. The metric has seen a jump during the last couple of days and has hit a value of 341. This implies the whales are making a high number of moves on the blockchain right now. XRP Price At the time of writing, XRP is floating around $2.95, up more than 15% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com