Over the past 24 hours, a substantial $7 billion boom in trading volume has triggered a huge technical breakthrough, clearing the path for a new all-time high. The post $7 Billion Influx Fuels Bullish XRP Price Breakout – Could It Reach a New All-Time High Soon? appeared first on Cryptonews.
The XRP price has risen over 13% in the last 24 hours and has reached a $40 billion market cap in the process. This recent rally has led to predictions about how high the coin could rise if the XRP bull run has indeed begun.
Ripple SEC Case: The crypto community calls for the dismissal of the long-running lawsuit and resignation of SEC Chair Gary Gensler. While former SEC lawyers have denied the odds of XRP lawsuit dismissal, Donald Trump-JD Vance administration's policy changes and crypto regulatory clarity could help end the case.
Despite the overall stagnation in XRP price over recent months, there has been some upward movement in the past week.
Bitcoin, the world's largest cryptocurrency, surged to new heights following Donald Trump's victory in the U.S. presidential election. The price of Bitcoin topped $75,000 in the aftermath of the results. Trump's election win has sparked widespread speculation about his stance on cryptocurrency regulation, especially regarding the U.S. Securities and Exchange Commission (SEC).
RLUSD's launch depends on the NYDFS, Long said.
XRP, the eighth largest cryptocurrency by market value, has seen a 109% spike in trading volume, with its price reaching $0.70.
As Bitcoin continues to jumpstart the crypto market thanks to its notable leg up, XRP is not left out this time.
The price of Dogecoin has exploded by an astonishing 40% in the past 24 hours, surging to $0.4277 as buyers continue to bet that the meme token will benefit from Elon Musk's involvement in the incoming Trump administration. The post Dogecoin Overtakes XRP as Elon's Influence Pushes DOGE to 2021 Highs – Could $10 Be Next? appeared first on Cryptonews.
Ripple CTO David Schwartz has addressed his followers on the recent appeal filed by the SEC to the Supreme Court against Ripple.
XRP trades close to a major supply zone that has consistently capped upside for over a year.
As the Bitcoin price inches close to $90,000, the memecoin space has geared up. The majority of altcoins have also risen over the prolonged consolidation including the most popular ones', Cardano & XRP. The price action of both the tokens has been displaying more or less the same volatility.
XRP is close to a major breakout that could double its price to $1.50. It's now at $0.6054 after a 5.1% jump in the last day but needs to break past a key level to keep climbing.
In a recent tweet, Ripple President Monica Long ended speculation surrounding the demand for Ripple's upcoming dollar-pegged stablecoin, RLUSD.
Crypto investors had been rooting for this election outcome.
Ripple President Monica Long has revealed that the company's upcoming US dollar stablecoin, Ripple USD (RLUSD), has already secured early customer commitments prior to its official launch. Speaking at the Singapore Fintech Festival, Long emphasized that stablecoins are set to become a “massive trend” in the payments industry.
XRP maintains an upward trajectory while trading above $0.5900, with technical indicators suggesting potential for further gains as the asset consolidates below the $0.6350 resistance level.
XRP is currently trading at $0.61, having surged nearly 7% recently. The rally, driven by optimism around potential regulatory clarity and broader market movements, could continue to push the price higher, particularly with the ongoing Trump-induced rally that might extend throughout the month.
XRP was quite sluggish compared to the rest of the alts in the past week.
Ripple's XRP has maintained a steady uptrend over the past week. It currently trades at a two-month high of $0.64, having recorded a 19% uptick over the past week.
XRP surges 35% post-Trump's reelection and plans to fire SEC Chief Gensler. Holding above $0.667 could push XRP to $0.75 by November's end and $1 in early 2025.
There are no reversal signals on the market so far, according to CoinMarketCap.
XRP price tarries at the edge of a potential 100% breakout that could send it to $1.5 and beyond. Over the last 24 hours, the Ripple price has increased by 5.1% and is trading at $0.6054.
Dogecoin flipping Ripple marks a key milestone. As it evolves from a volatile token to one with real use cases, its potential to reach $1 grows stronger.
XRPs golden cross on the four-hour chart is sparking excitement among bullish investors despite a recent price drop. This technical milestone could suggest a shift in momentum if XRP maintains support in the coming days, leaving traders watching closely.
XRP price is slowly moving higher above the $0.5880 support zone. The price tested the $0.6330 zone and is currently correcting gains.
The long-running legal case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could finally come to a close soon, especially with the recent election of President Donald Trump, whose pro-crypto stance could lead to a more favorable regulatory environment for digital assets.
With SEC Chair Gensler possibly stepping down, Ripple's high-stakes battle over XRP could see a swift resolution, signaling a shift in crypto regulation strategy. Gensler on the Way Out? Ripple's Battle With SEC Over XRP Could Reach Resolution Attorney Jeremy Hogan outlined potential developments in the ongoing legal battles between the U.S.
Could Ripple's long-awaited ETF open doors for others?
Trump's election boosts crypto demand, but SEC appeal caps XRP gains. Will a policy shift spark a new rally?
Many analysts are anticipating a bull run for Ripple's XRP which could lead to an exponential growth, giving Ethereum and Bitcoin a run for their money. Several experts suggest that XRP's potential price rally could be attributed to Donald Trump winning the US election, a political event that brought so much excitement to the cryptocurrency sector.
XRP lawyer Bill Morgan has explained why Ripple is unlikely to promote XRP in the same way that Bitcoin is widely promoted. The remarks were made in response to a suggestion that Ripple could boost XRP's popularity among retail investors by engaging in promotional activities similar to those seen with Bitcoin and other cryptocurrencies.
XRP is trading at around $0.59, while Cardano is priced at $0.68. Both coins have shown impressive price movements, but they each face different challenges and technical levels to overcome before reaching the coveted $1 threshold.
Pro-XRP lawyer John Deaton has once again called out Senator Elizabeth Warren and Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC). Senator Warren and Gary Gensler are arguably the biggest public officials that John Deaton takes on the most for several reasons.
Bitcoin has reached a high of around $86,000. XRP still trails its previous all-time high, sparking speculation on whether it can soon catch up.
"ETH and SOL need to cool down first before XRP can full send," one trader suggested.
Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.
Vice President Kamala Harris is facing a financial challenge with her presidential campaign, which is reportedly burdened by a $20 million debt. Recently, President-elect Donald Trump poked fun at her predicament, suggesting that the GOP should “help” her out.
Since Trump's re-election, Bitcoin and other altcoins such as XRP or even ADA price surged on expectations of less strict cryptocurrency regulations during his administration. Several new ETF filings, among which are XRP and Solana, are expected during November.
As most cryptocurrencies reap from the post-election rally, XRP has yet to make a decisive move, continuing to trade in the now familiar territory below $0.60.
XRP, the eighth-largest cryptocurrency by market capitalization, has seen a surge in trading volumes over the past 24 hours. According to CoinMarketCap data, XRP trading volume is up 103.21%, with 7.45 billion XRP traded in the last 24 hours amounting to $4.37 billion.
Spot crypto ETFs for XRP, SOL, and ADA expected soon, reflecting growing market interest and political changes.
Doge, Elon Musk's favorite meme coin is among the biggest gainers following Trump's election win! It may go higher
The XRP ecosystem is painting a bullish picture, as active accounts are skyrocketing thanks to soaring on-chain metrics.
According to data from XRPScan, 13,014,042.56 XRP have been incinerated since inception. While this figure might be small relative to the circulating supply of XRP, it underscores the protocol's development and its placement for the future. As per the XRPScan data, the protocol has closed 92,036,034 ledgers with exactly 203,630 payments.
As Bitcoin continues to surge toward new highs, analysts are eyeing key resistance levels and potential pullbacks. As Bitcoin continues to climb, it will inevitably face occasional pullbacks and these sharp red candles are common in a bullish market.
A new week has started positively for most of the coins, according to CoinMarketCap.
Ripple (XRP) has recently experienced a surge in value over the past week, similar to other altcoins. However, it faced a slight dip in the past 24 hours, a setback that, according to the XRP liquidation heatmap, appears to be temporary.