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 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.
Ripple's XRP has drifted to the red zone and is currently down by more than 2 percent. XRP has been trading within a range of approximately $2.20 to $2.70 over the past few days, showing limited movement on the larger time frames.
The SEC is preparing for a possible government shutdown, focusing on essential functions like market integrity and investor protection. Its EDGAR database will still be available, but some non-essential operations will be paused.
As the cryptocurrency market faces a significant price correction—led by Bitcoin (BTC) and Ethereum (ETH), which have retraced 2.2% and 4.6% respectively—the XRP price shows early signs of a potential explosive surge. Currently trading at $2.21, the XRP price has recorded a nearly 5% gain in the past 24 hours, finding strong support just below its current price.
SEC faces pressure to clarify Hinman speech's status amid Ripple appeal. Learn how this impacts crypto regulations and XRP sentiment.
In this bleeding cryptocurrency market, XRP, the native token of Ripple Labs, seems to have controlled itself from a major price decline as it holds crucial support. For XRP, the support at $2.20 plays an important role.
With a recent 9% decline, Shiba Inu broke through the crucial 50 EMA level and made contact with the 100 EMA, another important support level. The asset is in a risky position going forward as a result of this loss of support, which emphasizes how flimsy SHIB's recent rally was.
XRP has recently captured the attention of the cryptocurrency market with a notable surge, reaching above $2.7 briefly after a strong 9% increase. Despite facing a brief rejection at this level, the digital asset has continued to exhibit solid bullish momentum, prompting analysts to forecast further price movement upward.
A certified Chartered Market Technician (CMT) analyst recently shared a chart discussing the XRP price potential for a bullish surge. Basing his projections on key technical indicators, the analyst believes that the XRP price rally still has a long way to go before it reaches overbought levels.
Cryptocurrency markets are trading lower on Thursday, with Bitcoin falling below the $100,000 mark following Wednesday's Fed meeting. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,083.43 -5.7% Ethereum (CRYPTO: ETH) $3,377.75 -9.3% Solana (CRYPTO: SOL) $192.61 -8.3% XRP (CRYPTO: XRP) $2.21 -6.5% Dogecoin (CRYPTO: DOGE) $0.312 -14.1% Shiba Inu (CRYPTO: SHIB) $0.00002161 -12% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.4%; daily active addresses remained relatively flat.
After an extended selloff streak, the crypto market witnessed one of the most intense liquidations of the past month, with Bitcoin (BTC) leading the losses. According to data from CoinGlass, at least 377 traders have suffered the bloodbath in the market.
According to data provided by CoinGlass, more than $1.2 billion worth of crypto has been liquidated over the past 24 hours.
It's a bloodbath out there as Bitcoin leads a crypto crash, as assets like Ethereum, XRP, Solana, and Dogecoin show double-digit losses.
Despite a 9% price drop, optimism among XRP (CRYPTO: XRP) traders remains strong, with many holding their positions and anticipating upward momentum. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.26 $129.08 billion -8.8% -6.3% Bitcoin (CRYPTO: BTC) $98,630.61 $1.95 trillion -5.8% -2.8% Ethereum (CRYPTO: ETH) $3,474.60 $418.8 billion -10.5% -11.8% Trader Notes: Crypto trader Javon Marks reflected reflected on XRP's previous bull cycle, during which it achieved a 600x increase.
Several altcoins including the native token of the XRP Ledger, Solana's native token SOL, Maker's governance token MKR, and Worldcoin's WLD could soon see significant price surges over a key technical indicator that just flashed buy signals for these.
The recent Federal Reserve FOMC meeting has shifted the direction of cryptocurrency markets, with many altcoins experiencing significant drops following Jerome Powell's speech. Over the last 24 hours, many coins have taken a major hit.
The XRP price took one of the biggest tumbles among top altcoins yesterday, falling to as low as $2.16, but bullish price predictions remain intact. The post How XRP Price Crash Was Foretold by Funding Rate But ETF-led Institutional Adoption Will Melt Faces appeared first on Cryptonews.
XRP eyes a $168 surge after breaking key Fibonacci levels, signaling a historic rally amid bullish momentum.