Tag Archives: Ripple (XRP) Price

Ripple continues to navigate its consolidation phase, as observed by the price oscillating within a pivotal range, forming a sideways wedge pattern. Notably, XRP encounters a robust support zone, identified by the convergence of the 100 and 200-day moving averages, along with the lower boundary of the wedge. This convergence holds the potential to impede any downward movements. By Shayan Ripple Price Analysis: The Daily Chart The ongoing consolidation has expanded around a...

Ripple has entered a consolidation stage, with the price slightly decreasing towards a significant support area encompassing the 100-day and 200-day moving averages. This support zone is anticipated to impede further downward trends, propelling the price towards higher levels. By Shayan The Daily Chart Upon closer examination of the daily chart, it is evident that Ripple’s consolidation phase has extended, characterized by low volatility and a gradual decline toward a...

Digital assets investment products ended their 11-week streak of positive cash flows with withdrawals amounting to $16 million. However, trading activity remained significantly higher than the yearly average, reaching $3.6 billion for the week, in contrast to the year-to-date average of $1.6 billion. Bitcoin was the worst hit, witnessing outflows of $33 million last week, while short-bitcoin also experienced minor outflows amounting to $0.3 million. Contrary to the overall...

Ripple dominance, the measure of XRP’s market share by market capitalization in the competitive cryptocurrency segment, is flashing a warning signal this year. XRP Dominance Trends Lower XRP dominance is down 3.63% for the week, 18.83% over the past month, and 10.63% over the past six months. On the one-year window, Ripple’s percentage market share of all cryptocurrencies is down 11%. On the five-year window, it’s down 82%. Its peers on the market cap chart are faring...

Long-term XRP investors have shown remarkable patience and resilience as the SEC lawsuit winds down. After a string of victories against most of the SEC’s charges this year, Ripple Labs is still battling the regulator over how much of a financial penalty it should have to pay. Fmr. Goldman Head’s Lifetime Opportunity: XRP Real Vision CEO Raoul Pal told CryptoLaw founder and Ripple amicus brief lawyer John Deaton in a recent interview that he bought XRP after the Securities...

TL;DR Uphold is hosting an XRP giveaway to conclude 2023, offering 100,000 XRP to one winner and 1,000 XRP each to 25 participants. Eligibility requires a minimum of $20 in trades on the platform, with no limit on entry count. The giveaway is exclusive to US residents, continuing a series of similar events held by Uphold in previous months. This initiative follows Ripple’s partnership with Uphold in October to improve cross-border payments, leading to a surge in XRP trading...

TL;DR Recent XRP Price Dip and Optimistic Outlook: XRP has dropped from about $0.70 to $0.60, but analysts predict it could reach new highs before the end of 2023, potentially surpassing $1.20 soon. Analyst Predictions for XRP’s Future: EGRAG CRYPTO outlines two scenarios: the “Blue Route” with XRP rising to over $1.20 and an all-time high of $5.50 by late 2024, and the “Green Route” with a short-term drop to $0.50, followed by a surge to $22.50 by mid-2024. Exchange Support...

TL;DR Ripple scored three significant partial legal wins against the SEC in 2023, including a favorable ruling on XRP sales and the clearing of top executives from charges, with a major trial set for April 2024. Ripple gained recognition with prestigious awards, including a spot in People’s Magazine’s “100 Companies Who Care” and Fortune Magazine’s top workplaces in technology, along with winning the UK’s PAY360 Award. The price of Ripple’s XRP token increased by 77% in 2023,...

Five months after Ripple’s resounding legal triumph over U.S. regulators, the company’s cryptocurrency has shed virtually all of its former gains against its digital competitors. The XRP/BTC price ratio has returned to its level from prior to July 13, after which XRP rallied against the market’s leading crypto asset by ~80% within a week. Back To Reality For XRP In mid-July, U.S. district Judge Analisa Torres ruled that XRP sales on the secondary market did not constitute...

TL;DR XRP’s Modest Gains: XRP has underperformed in the recent crypto market rally, rising only 5% compared to larger gains by Bitcoin, Ether, and Solana. Bullish Predictions: One analyst anticipates a potential “Golden Cross” for XRP, suggesting a future price surge, possibly up to $1.50 if it surpasses the $0.75 resistance level. Signs of a Slowdown: Despite optimistic forecasts, XRP is experiencing a downturn in transaction activity and some analysts warn of possible...