XRP (XRP -2.24%) is down 15% during the past 30 days, and it might fall even further. With a trade war kicking in, it's reasonable to expect that digital coins focused on international commerce like XRP could take a severe beating that's only just getting started.
The value of XRP (XRP -2.82%) coin, which came out of Ripple Labs, has skyrocketed over the past three years, surging 324% (as of this writing). XRP's price has risen as more institutions have adopted the Ripple network, which allows for real-time, cross-border payments and currency exchanges.
A recovery or a deeper decline in value could be determined by the market's next action as XRP has reached a critical price level. For weeks the digital asset has been trading in a descending channel, consistently marking lower highs and lower lows, which is a blatant sign of bearish pressure.
The cryptocurrency market does not look impressive right now. In the last 24 hours alone, the market cap has slipped by at least 4.4%. Almost all top cryptos have suffered declines during the same period. XRP is not an exception. It has recorded a drop of 2.3%.
XRP price briefly dropped below $2 yesterday after the crypto market crashed, wiping out nearly $1 billion in total liquidations. Ripple (XRP) has since recovered above $2, but as selling activity remains strong, investors remain anxious about whether now is the right time to buy XRP.
The legal battle between Ripple and the SEC has dragged on for years, but a resolution could finally be in sight. The XRP lawsuit has created growing anxiety within the crypto community, with many fearing a delay in its resolution. Despite the SEC dismissing other crypto cases, there is significant debate over the XRP outcome.
Long-term investors in XRP (XRP -0.95%), sometimes called Ripple after the company that developed it, have endured stomach-churning volatility. Cryptocurrency prices are prone to large swings to begin with, and a lawsuit between XRP's developer and federal regulators has clouded the token's prospect since late 2020.
WhiteRock's XRPL-powered testnet has shown strong performance, drawing attention ahead of its live launch and upcoming AMA on March 11.
As the SEC vs Ripple case has dragged on for years, the community has been anticipating an imminent resolution, fueled by the SEC's recent string of crypto lawsuit dismissals. A glimmer of hope has emerged as lawyer Fred Rispoli unveiled a crucial date that marks a significant turning point for the XRP lawsuit settlement.
Deaton has three reasons why Bitcoin's long-term outlook remains strong, despite market turbulence.
The uncertainly prevailing over the stock markets seems to have negatively impacted the crypto markets, which once were being benefited. This shift in market dynamics seems to be scary, revealing the excess dominance of the institutions over the markets.
The cryptocurrency market, led by Bitcoin (BTC) and Ethereum (ETH), has shed more than $1.3 trillion in valuation since U.S. President took the oath of office for his second term. The crypto market has experienced heightened selling pressure during the past eight weeks amid the mixed fundamentals, especially from the political environment.
XRP, Ripple Labs' native token, is in a crucial make-or-break situation due to bearish market sentiment and a recent price decline. Data from CoinMarketCap shows that XRP has lost over 6% of its value in the past 24 hours and is currently at a critical support level of $1.95.
XRP tumbled 10.51% to $1.9390 by 20:39 (00:39 GMT) on Tuesday, marking its steepest one-day drop since March 3. The decline pushed its market cap down to $117.42 billion, representing 4.59% of the total cryptocurrency market.
XRP price started a fresh recovery wave from the $1.90 zone. The price is now consolidating and might struggle to clear the $2.10 resistance zone.
XRP has been caught in the broader market downturn over the past week, shedding 19% of its value amid a wave of bearish sentiment. This downturn comes despite the fact that many analysts remain optimistic about its long-term prospects.
XRP has dropped below $2, declining 17% over the past week. However, despite the bearish trend, on-chain data indicates a surge in network activity, raising questions about the underlying market sentiment.
XRP tumbles toward $2 amid US recession fears and Trump's Bitcoin reserve plan. Can the SEC's upcoming appeal strategy shift market sentiment?
The crypto market is imploding, with the total market capitalization in the industry crashing from over $3.5 trillion in November to $2.58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.
XRP is once again the subject of bold forecasts, with market researcher Egrag Crypto anticipating a significant price boom. According to him, a major breakthrough pattern indicates that XRP might reach $27 in the coming months.
Cryptocurrency markets are following traditional financial markets lower on Monday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $78,943.09 -4.5% Ethereum (CRYPTO: ETH) $1,871.07 -8.2% Solana (CRYPTO: SOL) $119.69 -7.3% XRP (CRYPTO: XRP) $2.07 -4.5% Dogecoin (CRYPTO: DOGE) $0.1572 -8.2% Shiba Inu (CRYPTO: SHIB) $0.00001178 +0.3% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7% and daily active addresses falling by 0.4%.
AMBCrypto breaks down XRP's fight to hold $2 and its chances of reclaiming $3 amid growing market pressures.
A Ripple whale has moved a sizable amount of XRP between addresses, triggering speculation over the asset's price action. The unknown whale transferred over 167 million XRP in the middle of a massive price correction but experts say a reversal is on the horizon.
Bitcoin (CRYPTO: BTC) has fallen below $79,000 on Monday, raising concerns among analysts who believe the downturn may not be over. With XRP (CRYPTO: XRP), Ethereum (CRYPTO: ETH) and other altcoins also under pressure, experts suggest that market expectations have been reset, and further corrections remain a possibility.
Spanish banking behemoth BBVA has obtained regulatory approval to offer crypto to retail investors in the world's 14th biggest economy.
Ripple emails from 2018, submitted in the ongoing case with the US Securities and Exchange Commission (SEC), are making rounds of social media. The emails reveal that the blockchain firm's team actively discussed promoting the narrative that Bitcoin is a China-controlled currency.
Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels.
XRP, the fourth-ranked crypto asset, has been experiencing price fluctuations for the last seven days. Notably, XRP's price has plummeted from $2.62 to a low of $2.09 as market volatility continues.
We are seeing wild numbers, which is not uncommon in crypto. The last hour saw liquidations hit nearly $109.74 million, according to CoinGlass data.
Following its recent decline, XRP has been finding it difficult to stay afloat, but there are indications that a reversal may be imminent. In order to stop further declines, the asset has reached a critical support level at about $2.14, where buying interest may rise.
Crypto expert Dark Defender maintained his ultra bullish stance that the XRP price could rally to as high as $280 at some point. Interestingly, the expert has even updated his XRP price prediction, stating that the crypto could reach $333.
XRP (XRP) took a hit over the weekend as the broader crypto market tumbled in response to President Trump's highly anticipated crypto summit.From Friday to Sunday, Ripple's native asset dropped 17.8%, as traders reacted to the event with a classic “sell the news” move.
The crypto market continues its downward spiral, with Bitcoin slipping below $80K and Ethereum nearing a critical breakdown. What's driving the sell-off, and how can traders still profit?
An XRP community enthusiast who goes by @WKahneman on the semi-ironic "Mannet" has shared some moderate optimism as the XRP price tumbles together with the entire altcoin segment. The pump triggered by the U.S. crypto reserve announcement appeared to be a "sell the news" event for XRP.
Dinocoins like XRP and ADA are getting more attention, and it's not just because of President Trump
Bitcoin (BTC) is trading at $82,327, hovering just above the $82,000 level, but still facing resistance amid ongoing market uncertainty. The recent sell-off driven by exchange outflows has hindered Bitcoin's ability to sustain upward momentum.
An increase in network activity indicates that XRP has made a significant comeback. XRP saw more than 2.2 million transactions in the last day, which is among the most active days in recent memory.
The cryptocurrency community was hit with a stunning twist, when an executive order signed by President Donald Trump dashed the hopes of Ripple and its supporters. After pouring millions into political contributions to push for XRP (CRYPTO: XRP)'s inclusion in a U.S. sovereign crypto reserve, the company and its co-founders watched their efforts unravel.
Here are some of the latest developments on the Ripple v. SEC front.
XRP bear market signals have become more conspicuous against the backdrop of February's high selling pressures. Technical indicators now point to a potential 50% price decline, also fueled by the broader crypto market's downward trend and recent US policy decisions.
Despite the prevailing bearish market trends, XRP continues to outpace Bitcoin in weekly inflows. While digital asset investment products saw significant outflows in the fourth consecutive week, XRP marks remarkable gains.
In early 2011, three developers — David Schwartz, Jed McCaleb and Arthur Britto — were attracted by Bitcoin but aware of the waste associated with mining. They aimed to develop a more sustainable way of sending value.
XRP, the payments-focused cryptocurrency linked to Ripple, plummeted over 27% in the week ending March 9, marking its steepest decline since November 2022, according to TradingView and CoinDesk data. This sharp drop has put intense focus on the critical $1.95 support level.
A move below the said support would trigger a major bearish reversal pattern, the price chart shows.
The crypto market continues to face headwinds, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remaining in a bear market. No good news, including the recent crypto summit, and Strategic Bitcoin Reserve (SBR) has helped the industry.
The crypto market took a hit today, with Bitcoin dropping 4% to $82,176, marking an 11% decline for the week. The overall market fell 7%, with major altcoins like ETH, SOL, and XRP seeing losses between 7-9%. This downturn is fueled by rising tensions in the U.S.
Ripple co-founder and executive chairman Chris Larsen lost over $661 million worth of XRP last year, reportedly due to a hack of password manager LastPass.
The upcoming April 16 will be a very crucial day for the XRP market. On that day, a US court will declare its final decision on the SEC lawsuit against XRP. Considering that the political climate in the U.S.