Ripple Faces SEC Appeal Drama: XRP battles market volatility as Ripple awaits the SEC's crucial January appeal decision, with potential price impacts looming.
XRP has faced a sharp downturn over the past few days, shedding over 23% of its value since Tuesday. This steep correction has mirrored the broader market's turbulence, intensifying negative sentiment around XRP.
Recent technical analysis has revealed that the XRP price is consolidating after breaking key resistance levels to new highs. A crypto analyst has warned of an impending XRP price crash, urging investors not to get distracted as the RSI is still significantly above 50%.
Ripple's XRP is up by more one percent and is trading at $2.28 level at the time of writing. After retesting levels below $2, the price is now maintaining bullish momentum. Bitcoin and other coins are also down right now, and some traders are taking advantage of the dip by buying more.
Ripple has pledged $5 million worth of XRP to support the inauguration celebrations for President-elect Donald Trump and Vice President-elect J.D. Vance in January.
A momentum indicator recently flipped bullish for XRP, Solana (SOL) and two other altcoins, according to a popular crypto analyst. Ali Martinez tells his 101,300 followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator presented buy signals on the four-hour charts for XRP, SOL, Maker (MKR) and World Network (WLD).
XRP has recently faced a considerable pullback in its price, dropping by 15% from a high of $2.58 to $2.18 during a broader market downturn. This significant decline has raised concerns among investors about the coin's immediate future.
Crypto prices are crashing this week following the Federal Reserve's hawkish comments about its monetary policy actions for 2025 and inflation. XRP has been swept into the whirlwind as is experiencing an 8.4% loss in the past 24 hours. However, the market's early panic has been tampering as the U.S.
While the XRP price is making waves and Dogecoin hype continues to dominate headlines, top crypto traders are quietly shifting their focus to an emerging AI altcoin that's turning heads. WallitIQ (WLTQ), priced at just $0.0243, is capturing serious investor interest with its groundbreaking AI-driven capabilities and skyrocketing growth potential.
Cryptocurrency companies Ripple and Kraken have collectively pledged $6 million to support President-elect Donald Trump's inauguration. Ripple is contributing $5 million in its native XRP token, while Kraken has donated $1 million to the Trump-Vance inaugural committee managing the celebrations.
Ripple just dropped $5 million in XRP into President Donald Trump's inauguration fund. The Trump-Vance inaugural committee reportedly confirmed it, and it's the largest crypto contribution they got.
With the market on the verge of another altcoin season, experts have selected XRP, Dogecoin, and RCO Finance as the top cryptocurrencies vying for the highest ROI by 2025.
Cryptocurrency markets saw volatile trading on Friday despite growing interest in spot ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,108.38 +0.3% Ethereum (CRYPTO: ETH) $3,462.57 +2.6% Solana (CRYPTO: SOL) $190.13 -1.3% XRP (CRYPTO: XRP) $2.27 +2.5% Dogecoin (CRYPTO: DOGE) $0.3152 +0.9% Shiba Inu (CRYPTO: SHIB) $0.00002172 +0.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 4.6% and daily active addresses falling by 0.3%.
The crypto market witnessed the sharpest declines in months as Bitcoin crashed to lows of $92k on December 20, 2024. However, the flagship cryptocurrency was back at $97k at the time of writing. Meanwhile, Horizen price led top gainers as Ethereum and XRP flipped positive after crashing to key support levels.
XRP price has shown promising signs of a potential rally as 99,999,977 XRP, valued at $222,109,105, was transferred between two unknown wallets. This large-scale transaction has fueled speculation of increased whale activity, often seen as a precursor to significant market movements.
Bitcoin's (CRYPTO: BTC) sell-off on Friday saw prices dip below $93,000, but Bitwise CIO Matt Hougan argues that the current pullback is a “hiccup” rather than a trend reversal. Hougan sees strong underlying factors including regulatory tailwinds, institutional adoption and Bitcoin purchases by governments as structurally bullish factors for Bitcoin.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
The crypto market started off with mixed signals, with Bitcoin leading the altcoins following the launch of the spot BTC ETFs. However, the rest of the year proved to be rather bleak until Q4.
Cryptocurrencies rebounded this morning after sustaining heavy losses this week following the Federal Reserve's final meeting of the year on Wednesday. The meeting included a cut of 25 basis points in interest rates and more hawkish rhetoric from Fed chair Jerome Powell that seemed to catch investors off guard.
A US court of appeals has announced further dates for the XRP lawsuit, as per the notice of appeal filing in the district court. Notably, the opening brief will be filed on March 6 next year, whereas and Ripple Labs, XRP II and CEO Brad Garlinghouse will file their reply to the appellant's principal brief
XRP, the fourth largest cryptocurrency by market capitalization, plunged as much as 16% in today's trading session, as the broader crypto market decline accelerated on Friday.
Bitcoin's price correction dragged major altcoins with it with the global crypto market cap decreasing by 9.53%. Major Altcoins Follow BTC Dip Bitcoin‘s price correction extended into Friday, Dec. 20, as the number one crypto continued to shed its recent gains.
Ripple's XRP, the native token of Ripple Labs, is navigating a volatile market yet showing resilience against a major price decline. Despite a $220 million outflow from exchanges, XRP remains firmly above its crucial support level at $2.20.
Bitcoin, Ethereum, Solana, and XRP are down bad, but Dogecoin is the biggest loser by far in the top 10 coins with a 19% daily dump.
XRP saw a sharp decline on Friday, mirroring a volatile week for the cryptocurrency market, which experienced a notable 11.68% drop in total market capitalization, falling to $3.14 trillion over the past 24 hours. XRP alone relinquished nearly 20% of its recent gains in this timeframe.
Ripple's price was consolidating for the last few weeks, failing to create a new all-time high. This week was particularly eventful, though, as the asset first jumped above $2.7 before a market-wide crash took it south hard to just under $2.
XRP continues to navigate a turbulent market as broader crypto selloffs weigh heavily on major altcoins. Despite the volatility, XRP has managed to consolidate above the $2 mark throughout most of the month, holding firm amidst intense market liquidations.
In a recent market bloodbath that has triggered a massive collapse in the crypto market cap plunging it by almost 9% in a day, crypto critics didn't waste anything to criticize the digital asset.
The crypto market recorded volatile trading this week, following a robust rally over the past few months. Bitcoin (BTC) and top altcoins like Solana (SOL), XRP, Dogecoin (DOGE), and others have recorded significant gains this year.
Ripple whales have turned to buying the dip, purchasing 110 million XRP tokens worth $242 million.
On December 2, XRP's price climbed to a six-year high of $2.72, making it one of the altcoins that have outperformed Bitcoin (BTC) this quarter. This development also happened around the same time the XRP DEX volume jumped to $61 million, with speculation that the token could lead altcoin season.
In spite of the recent market volatility, XRP continues to exhibit underlying resilience. The asset is still in a favorable position in comparison to its pre-bull run state, even though it has lost some of its upward momentum.
Bitcoin (CRYPTO: BTC) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve's recent “hawkish” 0.25% rate cut and a combination of profit-taking and technical market forces, according to industry experts. Ethereum (CRYPTO: ETH) has followed Bitcoin down, falling 16% to $3,115.
Ripple's XRP is under pressure, slipping over 2% as it struggles to maintain stability. With its price hovering between $2.20 and $2.70, the cryptocurrency remains confined to a tight trading range.
Crypto market freefall causes Ripple withdrawal delays on Bithumb. One of the major cryptocurrency exchanges in South Korea, Bithumb, has formally announced that withdrawals of XRP are taking longer than planned because of an unexpected spike in transaction volume.
XRP took a sharp nosedive, slipping below the crucial $2 mark and sending shockwaves through the crypto community.
XRP maintains steady price action above $2.20 with technical indicators suggesting potential upward movement, while key resistance levels at $2.42 and $2.92 remain in focus.
Cryptocurrency analysts of Coinidol.com report, Ripple (XRP) price is moving sideways, above the moving average lines but below the $2.80 resistance.
The cryptocurrency market is on a tear this year. The total value of all tokens and coins in circulation recently hit an all-time high of $3.8 trillion, marking a significant gain from its bear market low point of $823 billion in 2022.
An analyst has pointed out how XRP and Solana are among the altcoins that have just observed a Tom Demark (TD) Sequential buy signal on their 4-hour prices. Four Altcoins Are Seeing A Buy Signal On The TD Sequential In a new post on X, analyst Ali Martinez has talked about the TD Sequential signal that four different altcoins have seen on their 4-hour charts.
XRP maintains bullish market structure above $2.30 despite recent volatility, with technical indicators and upcoming market events supporting potential moves toward higher price targets at $2.62 and $3.28.
Ripples XRP dropped to $2.28 today, reflecting market volatility. Despite this, analysts remain optimistic about a rally toward $3, citing the liquidity boost expected from RLUSD and crucial support levels at $2.17.
XRP price has dipped to the $2.2 mark recently, amid a selloff noted in the broader market. The investors are appearing to be taking a cautious stance amid the recent pressure, which has fueled discussions among investors over further dip ahead for the crypto.
Mark Yusko of Morgan Creek Capital Management, recently opened up about Trump's approach to cryptocurrencies, revealing that Trump and his son are heavily investing in assets like HBAR and XRP, which might be approved for ETFs next year. He also said that Trump is heavily investing in Bitcoin as well.
XRP price hovers around $2.31 after dropping nearly 17% in the past two days. Today, the token is up 3.18% and shows signs of recovery, which is in line with Bitcoin's outlook.
Cryptocurrency prices have taken a significant hit, with Bitcoin, Ethereum, XRP, Dogecoin and Solana all suffering major losses.
XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance.