XRP

In a tumultuous day for cryptocurrencies, the price of XRP plummeted to a low of $0.38249 on Bitstamp, reflecting a broader downtrend affecting the altcoin market. With a notable 12.4% decrease in the last 24 hours, XRP is facing crucial support. Despite this substantial decline, Dark Defender (@DefendDark), a noted crypto analyst on X, continues to uphold a bullish outlook on XRP’s future prospects. XRP Price Needs To Hold $0.39 In his analysis of the 1-month XRP/USD chart, Dark Defender…

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The post Bill Morgan Buys XRP At $0.40 Amid Broader Market Crash appeared first on Coinpedia Fintech News XRP plummeted by 11% today as it dipped below the $0.40 mark. While the decline has triggered concerns across the digital asset sector, which is already under a broader market crash, the pro-XEP lawyer, Bill Morgan is optimistic as he seizes the downturn as a buying opportunity. He recently shared on X that he has purchased more XRP at just over $0.40…

XRP price tumbled and dived below the $0.400 support zone. The price is consolidating losses and might struggle to recover above the $0.4150 resistance. XRP price gained bearish momentum below the $0.4240 support zone. The price is now trading below $0.4250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.4150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might recover, but the upsides might be…

A crypto analyst has identified key indicators that point to a substantial rally for XRP, the native token of the XRP Ledger (XRPL). According to the analyst, XRP is poised to rebound from its bearish trends and soar to new all-time highs  XRP To Mirror 2017 Rally To New Highs In an X (formerly Twitter) post in June, crypto analyst, Tylie Eric expressed bullish optimism about XRP, emphasizing the cryptocurrency’s potential for a major rally this year. He shared an…

The post XRP Whale Offloads 65M Coins, XRP Price Dips appeared first on Coinpedia Fintech News Amidst the crypto market’s bearish movement today, an XRP whale has continued to dump significant amounts of coins to exchanges. Whale Alert pointed out that 64.70 million coins were shifted to CEXs via the same whale address. The whale shifted 32.69 million XRP, worth $15.12 million, to the Bitso crypto exchange, and in another transaction, the whale shifted 32.01 million XRP, worth $14.82 million,…

XRP price extended losses and tested the $0.4440 support zone. The price is correcting losses sharply and might soon retest the $0.4720 resistance. XRP price is correcting losses from the $0.4440 support zone. The price is now trading below $0.4650 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $0.480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might climb higher again if it…

On-chain transaction data shows the XRP ecosystem recently witnessed an enormous movement of 200 million XRP tokens worth $94.5 million ahead of the periodic unlock from escrow. This transaction was recorded on-chain on June 30 between two unknown wallets, indicating it isn’t an escrow unlock. Although the periodic unlock has already been completed since this transaction, XRP traders and enthusiasts are still fascinated by its enormous nature, prompting a detailed look into the on-chain data. Breaking Down The 200 Million…

The post Is $XRP About to Break Out? The Signs Point to YES! appeared first on Coinpedia Fintech News We have seen Ripple’s $XRP take investors on a wild ride with huge highs and tough lows. No coin in the top 10 has dropped more from its all-time high (ATH) than $XRP. It’s down 86% from its peak of $3.40 in 2018, and its last big surge was in early 2021. However, Ripple has somehow managed to stay in the…