Tag Archives: Ripple (XRP) Price

Ripple’s XRP managed to increase by a whopping 10% in the past 24 hours, pushing past the important $0.5 resistance and also leading the recovery of the broader altcoin sector. As CryptoPotato reported earlier, the entire industry is seeing an uptick, with Bitcoin’s price also increasing toward $59K. But why did XRP’s price suddenly shoot up? Let’s explore some of the possible reasons. Volatility Was Due to XRP’s Price Earlier in July, we reported that a historic pattern was...

TL;DR Ripple’s XRP fell to around $0.44 after previously surpassing $0.70, with hopes for a price revival tied to the outcome of the SEC lawsuit. ChatGPT predicts that while a legal win for Ripple against the SEC could boost XRP, the asset would need additional boost to surpass ETH. Is It Possible? Ripple’s XRP experienced a significant price resurgence in mid-March, surpassing the $0.70 mark. Since then, though, it has been on a massive downfall, recently tumbling below the...

Following an impulsive bearish decline, Ripple has encountered heightened volatility and fluctuations. However, the price is likely to undergo a period of sideways consolidation near the $0.42 region before initiating its next major move. By Shayan The Daily Chart An in-depth analysis of the daily chart reveals that Ripple has been in a downtrend, characterized by a multi-month bearish price channel. Recently, XRP was rejected from the channel’s upper boundary at $0.48,...

TL;DR ChatGPT is optimistic that XRP’s price could rise significantly if Ripple wins its lawsuit against the SEC. The legal battle continues with discussions on the potential fines the company might face, impacting the timeline and outcome of the case. What are XRP’s Chances? Ripple’s XRP has seen better days since its price dipped substantially in the past few days. However, bulls rely on certain essential factors that could positively impact the asset’s market performance....

The crypto market has broadly retraced its momentary gains since the start of the week on Tuesday, though XRP has managed to retain some bullish momentum. Part of the reason is due to a major court ruling regarding the Securities and Exchange Commission (SEC)’s lawsuit against Binance, which Ripple has now leveraged in its ongoing battle with the regulator. In a letter to Judge Analisa Torres, Ripple’s legal counsel Michael Kellogg argued that the recent Binance ruling...

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum fell by 3% this week, and buyers appear to struggle to defend the key support at $3,500. So far, they have managed to prevent a breakdown. If sellers maintain the pressure, ETH could have a difficult week ahead. The past five weekly candles closed with a lower low. This puts the second-largest cryptocurrency in a clear downtrend. To reverse this, ETH has to move...

While everyone seems to be focused on the developments surrounding the case between Ripple Labs and the United States Securities and Exchange Commission, the XRP Ledger has managed to achieve a considerable milestone. XRPL Hits an Important Milestone The XRP Ledger (XRPL) is a public blockchain designed to allow for quick, low-cost, real-time transfer of fiat currencies, XRP, and a range of other digital assets. The network recently achieved a considerable milestone: over 10...

Ripple is currently in a prolonged consolidation phase, hovering near a decisive support region with minimal volatility and slight movements. An imminent breakout is expected, with its direction likely indicating the upcoming trend. By Shayan The Daily Chart A detailed examination of the daily chart reveals that Ripple has been consolidating between the substantial support of $0.47 and the crucial resistance of $0.55, with the price forming a sideways triangle pattern. On...

In the following, we take a look at ChatGPT’s breakdown and analysis on the question of how high XRP can go if Bitcoin’s price reaches $1 million. The $1 million BTC price prediction was made by the popular analytics firm Bernstein Research. As CyrptoPotato reported earlier in June, Bernstein analysts predicted that BTC could reach $200K by the end of 2025. The experts further expect the cryptocurrency to reach $1 million by 2023, outlining: “We believe bitcoin is in a new...

Ripple’s ongoing case is undoubtedly at the forefront of the cryptocurrency industry, and its outcome is likely to have an impact on the price of XRP. However, analysts are taking the opportunity to forecast potential price points based on certain technical patterns, irrespective of the SEC lawsuit’s outcome. One such analyst is EGRAG CRYPTO, who recently pointed out a bullish candle formation known as the quarterly hammer. Ripple Price Prediction for 2024 The analyst points...