XRP, the native cryptocurrency of Ripple, is showing strong signs of a bullish breakout as large transactions and positive legal developments suggest significant price movement ahead. The latest surge in whale activity, with 30 million XRP (approximately $76.1 million) moved from Upbit to an unknown wallet, has drawn the attention of traders and analysts, who are predicting a potential surge to new all-time highs (ATH).
Expected Solana and XRP ETFs could attract sizable investment, JP Morgan analysts said, but it's unlikely they'll match the Bitcoin boom.
Ripple's CEO Brad Garlinghouse condemned SEC Chair Gary Gensler for his combative stance toward the crypto industry, which persisted even until the end of his term.
Issuers like VanEck, 21Shares, Bitwise, WisdomTree and Canary Capital are all seeking to launch new altcoin ETFs later this year.
The US Securities and Exchange Commission will proceed with its opening brief for the appeal of the court ruling in its case against Ripple Labs over the classification of XRP. Ripple Labs Chief Legal Officer Stuart Alderoty disclosed this on X, noting that the agency refused its request to postpone the filing.
The native token of the XRP Ledger has “one of the most bullish setups in crypto right now” after retesting its potential breakout zone, which means it could soon see a significant upward move to new highs.
Cryptocurrency markets are seeing gains across the board despite ongoing ETF outflows, indicating underlying strength in the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,344.48 +4.7% Ethereum (CRYPTO: ETH) $3,201.80 +6.2% Solana (CRYPTO: SOL) $186.30 +5.2% XRP (CRYPTO: XRP) $2.65 +7.9% Dogecoin (CRYPTO: DOGE) $0.3527 +8.6% Shiba Inu (CRYPTO: SHIB) $0.00002138 +5.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 34.7% and daily active addresses up by 4.5%.
In its last move against Ripple under the current administration, the U.S. Securities and Exchange Commission is on track to file its opening brief in its appeal of the case later this week.
Ripple executives have criticized the U.S. Securities and Exchange Commission over its recent approach and legal strategies, as Ripple's XRP token sees increased trading activity.
Chad Steingraber, a game developer and prominent XRP community figure, has made a case for XRP reaching an astronomical $20,000 per token. Drawing on several key factors, Steingraber outlines a potential roadmap for this ambitious rally, focusing on XRP's deflationary design, institutional adoption, and the possibility of a supply shock that could send prices surging.
XRP has shown remarkable resilience over recent weeks, attracting attention from analysts. One of the most notable predictions comes from market expert EGRAG, who has revisited his analysis of XRP's megaphone pattern.
JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) could see multi-billion dollar inflows. VanEck's head of digital asset research Matthew Sigel reports on the social media platform X that JPMorgan says SOL and XRP ETFs could attract up to $16 billion in total.
XRP (CRYPTO: XRP) has gained 16% over the past week, fueled by growing confidence in Ripple's legal battle and the anticipated launch of XRP ETFs. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.67 $153.7 billion +9.8% +16.2% Bitcoin (CRYPTO: BTC) $96,573.27 $1.9 trillion +5.4% -0.5% Ethereum (CRYPTO: ETH) $3,217.65 $387.6 billion +7.4% -6.2% Trader Notes: Crypto chart analyst Ali Martinez sees XRP as one of the most bullish setups after a successful retest of the breakout zone.
XRP price has surged roughly 8% in the last 24 hours, pushing its market cap to $147 billion and solidifying its position as the third-largest crypto, behind Bitcoin (BTC) and Ethereum (ETH). This rally has sparked renewed interest among traders, with technical indicators showing mixed signals on whether the momentum will continue.
San Francisco-based blockchain company Ripple has announced that it is donating $100,000 worth of XRP in order to assist wildfire relief efforts in California via The Giving Block.
Ripple has pledged $100,000 in XRP to aid recovery efforts for communities affected by the ongoing California wildfires. The donation will benefit nonprofit organizations World Central Kitchen and GiveDirectly, focusing on both immediate relief and long-term rebuilding support.
Austin King, co-founder of Omni network, who sold his company to Ripple, believes the firm is working towards increasing XRP's presence in global banking.
Dogecoin, XRP, and Bitcoin have not only rebounded from Monday's plunge but are actually flying higher on Tuesday.
XRP has gone on a tear once again, surpassing $2.65 for the first time since mid-December.
"Accept it if you will, reject it if you must, but I offer it with good intent," he said.
Cardano (ADA) has been showcasing a bullish macro outlook, suggesting the crypto is primed for a significant price jump upon breaking out from its current symmetrical triangle pattern.
Analysts at America's biggest bank, JPMorgan, have projected that spot market XRP exchange-traded funds (ETFs) might see inflows of up to $8 billion. According to a recent JPMorgan report, XRP ETPs may eclipse the performance of ETFs tied to the world's second-largest token, Ethereum (ETH), in their first six months of trading.
The launch of spot Solana (SOL) and XRP exchange-traded products could eclipse the performance of established exchange-traded funds (ETFs) offering exposure to bitcoin and ether in their first few months of trading, according to a recent JPMorgan report.
As the broader cryptocurrency market registers an altcoin rally, Dogecoin (DOGE) has taken a staggering lead. The meme coin has soared past other notable assets like XRP, Solana (SOL) and Cardano (ADA), which have all recorded impressive price upticks in the last 24 hours.
XRP is trading at $2.576, up 4.9% in the last 24 hours, with a market cap of $148 billion, a 24-hour trading volume of $6.92 billion, and an intraday price range of $2.43 to $2.603.
The crypto market trades downward amid rising selling pressure and underwhelming price actions. Like the rest of the market, Cardano (ADA) and Shiba Inu (SHIB) are in bearish zones, sparking concerns. However, IntelMarkets (INTL), a new AI crypto, is on a bullish course.
A crypto whale has moved 30 million XRP tokens worth $76.15 million from the Upbit.
The Cardano price currently finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction. The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs).
Approval of Solana and XRP ETFs could significantly boost crypto market legitimacy and attract substantial institutional investment. The post JPMorgan predicts Solana, XRP ETFs could draw up to $14 billion in first 12 months if approved appeared first on Crypto Briefing.
TL;DR Solana and XRP ETFs are projected to attract billions in new investments if approved. The U.S. Securities and Exchange Commission (SEC) will make preliminary decisions on Solana ETF applications before the end of January. JPMorgan predicts Solana and XRP ETFs could outperform Ether ETFs in their first six months of trading.
Yoroi, the largest noncustodial wallet for the Cardano (ADA) blockchain ecosystem, shared the details of its 5.0 version. Thanks to new feature-rich integrations, Cardanians do not have to leave Yoroi for crypto-to-cash conversion any longer.
XRP price resumed its uptrend and soared to its highest level in four weeks. This rebound is mostly because of the ongoing crypto rebound, upcoming Donald Trump inauguration, and the growth of Ripple's meme coin ecosystem.
Ripple's XRP Ledger (XRPL) is emerging as a significant player in the decentralized finance (DeFi) space, offering innovative ways for holders to earn passive income. As XRP continues to grow in value and popularity, its DeFi ecosystem is catching the attention of crypto enthusiasts and analysts alike, with many believing that it may soon rival Ethereum's established DeFi market.
"We've already had a call with the RLUSD people. We are actively talking," Cardano's founder said.
According to data provided by the 100eyes Crypto Scanner, the XRP cryptocurrency is currently approaching "horizontal resistance" near the $2.6 level.
Cryptocurrency veteran Austin King, who sold his company to Ripple in 2019 and worked at the decacorn for two years, shares his vision on the next phases of Ripple and XRP Ledger's growth. Acquisitions of Metaco and Standard Custody, together with the hotly anticipated launch of Ripple USD (RLUSD) stablecoin, highlight that B2B tokenization is a focus for Ripple.
After the Court of Appeals for the Third Circuit's ruling partially in favor of Coinbase in its rulemaking petition lawsuit with the US Securities and Exchange Commission (SEC), lawyers tracking Ripple vs SEC lawsuit debate over precedent and clear crypto regulations. The buzz is around another loss for SEC Chair Gary Gensler as another court
The XRP price continued to rise, reaching its highest level in over a month as cryptocurrencies bounced back. Ripple (XRP) climbed to $2.60, extending a recovery that began on Dec.
Banking giant JPMorgan forecasts significant investments in Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) exchange-traded funds (ETFs) if they receive approval. The report, shared on Jan. 13, suggests these ETFs could outperform Ethereum (CRYPTO: ETH) ETFs in their initial six months.
On-chain and on the market, XRP is exhibiting encouraging trends that could indicate a change in sentiment. Bullish momentum is evident from the price's recent break through the descending trendline resistance.
Ripple's price has been steadily rising, nearing the upper boundary of the sideways wedge pattern. A breakout above this critical threshold could ignite bullish momentum, with buyers targeting the $3 resistance zone.
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XRP appears poised for a potential historic breakout against Bitcoin (BTC), following a recent surge that has seen the altcoin clear the critical 30-day resistance level. XRP's performance in the last few months suggests that it may now be positioned to rally toward $4, with a longer-term target of $8.
The crypto sector continues to amaze, even after years of astonishing progress. Bitcoin has already paved the way for many innovative projects.
Cardano (ADA) looks set to reclaim the $1 level, which it slipped from due to market dynamics. This time, the coin might sustain the rally to breach the resistance level drawing on three unique factors in its ecosystem.
The price of Cardano (ADA) has continued to range and has fallen below the moving average lines. Cryptocurrency price analysis brought by Coinidol.com.
In the last 24 hours, Ripple's RLUSD stablecoin has seen an increase in activity, with 15,742,960 RLUSD moved across various transactions, according to Ripple stablecoin tracker data. This trend highlights the growing interest in the Ripple stablecoin amid the current market uncertainty.
Ripple President Monica Long has waded into the conversation regarding banks' mainstream adoption of tokenization offerings. According to Long, many banks are already embracing crypto, but more can jump on the bandwagon with the right regulation.