Cryptocurrency enthusiasts and traders have been paying close attention to XRP, the digital asset associated with the Ripple network. Recently, crypto analyst Egrag Crypto made waves with a bold prediction that XRP could reach as high as $27 in the next market cycle.
XRP price has entered a consolidation phase over the past seven days, following a historic rally during November and December that saw it reach its highest levels in six years. Whale activity has stabilized, with the number of wallets holding between 10 million and 100 million XRP recovering to 301 after a month-low of 292 on December 18.
XRP is currently dealing with an interesting situation, as its on-chain metrics and price movement show. Active accounts for the digital asset have decreased, and the most recent data indicate a sharp decline in user activity.
After Trump's November victory, the crypto market surged, fueled by expectations of a pro-crypto-Republican stance. XRP soared 54.65% in a month to $2.31, achieving a market cap of $132.3 billion and a staggering 270% quarterly growth, securing its position as the fourth-largest cryptocurrency. Though XRP is down 4% today and trading at $4.
With 2025 approaching fast, the cryptocurrency market is alive with excitement. Analysts and fans are preparing for a booming altcoin season driven by a decrease in Bitcoin dominance and a larger change in market trends.
Cryptocurrencies had quite a year in 2024. Bitcoin (BTC 0.92%), the world's largest cryptocurrency, topped $108,000 and altcoins have surged as well.
Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.
Bitcoin (BTC) fell further on Boxing Day, plummeting from $98,000 to a low of $95,214, failing to reclaim $100,000 over the holiday period. The cryptocurrency is down just over 2% over the past 24 hours, trading around the $96,100 mark with sellers firmly in control.
XRP price has experienced a 6% decline over the past week, mirroring the crypto broader market downturn. The entire sector is in a slump, with Bitcoin now valued at $95,000.
South Korea's ongoing political upheaval continues to derail its economy and crypto markets. XRP and the local currency, the Korean won (KRW), have experienced notable drops in market value amid the impeachment of acting President Han Duck-soo.
The Sui Network (SUI) is gearing up for a significant event on January 1, 2025, with nearly $300 million worth of its native token set to be unlocked. This is part of Sui's monthly process, which increases the circulating supply and impacts investor holdings. Despite a recent 5.
Despite recent selling pressure due to market turbulence, analyst Egrag Crypto predicts a potential rally to $27 for XRP, citing historical patterns.
XRP has recently experienced a dip into a key support region between $2.40 and $2.20. This area saw some initial price reaction on Sunday and Monday this week, but the response hasn't been strong enough to suggest a clear upward move just yet. At the current price levels, XRP is showing signs of consolidation.
XRP price failed to continue higher above $2.35 and declined. The price is down over 5% and is showing bearish signs below the $2.20 level.
XRP, the native token of the Ripple network, could be poised for a significant market cap surge, according to a new analysis by crypto expert EGRAG Crypto. The analyst's predictions suggest that XRP could potentially outperform leading cryptocurrencies like Bitcoin and Ethereum, with the possibility of its market dominance pushing the token's valuation to a staggering $1.56 trillion, equating to a price of $27.2 per token.
Crypto markets face pivotal moments as SEC's Ripple decision and BTC-spot ETF flows steer XRP and Bitcoin price trends into 2025.
Egrag Crypto has projected a bullish XRP surge to $27, citing the 21 EMA crossover and historical performance trends. With parallels drawn to XRPs 2017 rally and current market dynamics, the crypto analyst believes a 4,770% price increase is achievable.
The XRP (XRP -6.16%) cryptocurrency is falling in today's trading. The crypto token price was down 6.6% over the last 24 hours of trading as of 6:15 p.m.
The so-called "Santa Rally" of Bitcoin, which is typically a time of optimism and price increases during the holiday season, is beginning to show indications of possible danger. After a brief decline below the 50 EMA at $95,000, Bitcoin has managed to recover and is currently trading close to $97,000.
Here's why experts are bullish on XRP ETF despite the expected SEC appeal in January.
Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $27 in this market cycle. The analyst also provided insights into why XRP could reach such an ambitious price target.
Crypto analyst Egrag Crypto has boldly predicted that the XRP price will outperform Bitcoin and Ethereum. The analyst provided an in-depth analysis showing that XRP has a much higher multiplier than BTC and ETH.
The price of XRP, the Ripple-affiliated cryptocurrency, is down more than 6% over the past 24 hours, according to data provided by CoinGecko.
Futures open interest on XRP dropped by 54% in three weeks. Is XRP gearing up for another rally?
XRP News: Amid a highly volatile crypto market witnessed recently, a crypto market whale's decision to move 90 million of Ripple's coin has echoed a frenzy. On Thursday, whale data indicated that roughly $200 million worth of the crypto was moved between unknown wallets.
Ethereum, Solana, and XRP exhibit crucial technical setups across weekly and 4-hour charts, highlighting key levels, bearish risks, and bullish targets heading into 2025.
Cryptocurrencies exhibited mixed signals on Thursday as Bitcoin struggled around the $95,000 mark. While sellers threatened continued dips, MOON DENG, PENGU, and Ripple's XRP had optimistic updates for their communities. Let us find out more. MOODENG explodes in gloomy markets Digital assets traded in red today as the global cryptocurrency market cap plummeted 3.
In the crypto arena, XRP stands out as a flamboyant gladiator, ready to jump by 65%, leaving Bitcoin and Ethereum in the shadows. Guaranteed suspense, according to an admiring expert.
Amid ongoing market uncertainty, XRP, the native token of Ripple Labs, is poised for a notable price decline following the formation of bearish price action. Besides XRP, the overall cryptocurrency market seems to be struggling to gain momentum and is facing a significant price decline.
A prominent cryptocurrency analyst has recently suggested that XRP's price is currently the “most bullish looking chart” after the price of the cryptocurrency lost nearly 20% of its value from its early December high of $2.85. The native token of the XRP Ledger is at the time of writing trading at $2.
As became known thanks to historical price data from CryptoRank, this year's fourth quarter is officially the best for popular cryptocurrency XRP in the last seven years. With a return of 253.6% in the last three months, this quarter is also the best for XRP this year.
Ripple's price has been consolidating for the last few weeks and is yet to make a record high. Meanwhile, a bearish reversal does not seem probable at the moment as long as a certain key level holds.
Ripple's Upcoming 1 Billion XRP Unlock: Will It Impact the Price? With Ripple performing significantly well on the charts recently, concerns have arisen over its upcoming 1 billion XRPP unlock, which it does every single month to fund its operations. On January 1st, the market will witness 2025's first token unlock event.
TL;DR Ripple is set to unlock over $2 billion worth of XRP on January 1, adding 1.74% to the current circulating supply, as part of its strategy to fund operations and provide liquidity.
The recent US elections have delivered significant financial windfalls for leaders in the crypto space, with some seeing their fortunes soar by billions. A report by CoinDesk reveals that key players such as Coinbase's Brian Armstrong and Ripple's Brad Garlinghouse have experienced massive gains following Trump's victory.
XRP is currently navigating a phase of consolidation, with its price hovering around $2.25, down by more than two percent. The market has been relatively calm recently, likely due to the holiday season, and there has been no significant breakout in price.
After days of market turbulence, all eyes are on XRP as it faces a key resistance level. According to prominent crypto analyst CrediBULL Crypto, XRP is showing strong potential after profits were secured on an earlier long position. With its bullish setup, there's growing speculation that XRP could hit $2.65 soon.
The XRP network's average number of transactions per ledger has increased noticeably, which is encouraging for its ecosystem. This rise indicates that the network is becoming more active and utilized, which could indicate interest from institutional and retail players.
XRP has demonstrated consistent growth throughout late 2024, transitioning from a phase of consolidation earlier in the year to significant gains during the November bull run.
XRP has been trapped in sideways momentum, struggling to join the league of cryptocurrencies like Bitcoin that have reached new all-time highs (ATHs).
The price of the popular cryptocurrency XRP still has more downside than upside. At least that is what the Bollinger Bands tell us if we take a look at the price chart using this popular indicator.
As 2024 draws to a close, one of the most closely followed legal battles in the cryptocurrency world has continued to keep everyone on the edge, leaving a mark on Ripple Labs and the entire crypto industry.
Ripple unlocks 1 billion XRP every single month to fund its operations. On January 1st, the market will witness 2025's first token unlock event, but it is a matter of concern for some, as the Ripple token is performing significantly well on the charts.
After experiencing a few days of market volatility, XRP faces a crucial resistance that will determine its future price trajectory. Market participants are anticipating XRP's next big move.
XRP, the native token of Ripple, has experienced a notable surge in whale activity. Transactions exceeding $1 million have significantly increased, suggesting strategic accumulation by high-net-worth investors.
A widely followed cryptocurrency analyst and trader is leaning bullish on XRP. The analyst pseudonymously known as CredibleCrypto tells his 450,200 followers on the social media platform X that paired against Bitcoin (BTC), XRP “looks absolutely fantastic.” The trader says he plans to enter a long position in the coming days.
Bitstamp, the world's longest-running cryptocurrency exchange, has forecasted that 2025 could be a landmark year for XRP.