XRP

XRP whales dump 50 million tokens, sparking market speculation. Analysts maintain a bullish outlook despite bearish trends. The cryptocurrency market is still paying attention to the Ripple Labs crypto, XRP. The cryptocurrency is now valued at $0.5277 on CoinMarketCap, slightly up 0.19% over the last day. Having fallen 1.28% in the previous week, it is still in a bearish position nonetheless. Traders and investors in the cryptocurrency industry are speculating a lot about its future price trajectory because of this…

The post Ripple (XRP) Poised for a Significant 15% Correction but The Future is Still Bright appeared first on Coinpedia Fintech News Ripple’s (XRP) price appears to be on the brink of a notable drop on the daily chart, unable to break through a critical resistance point. The absence of recovery may be prompting investors to sell, potentially leading to further price declines and complicating any rebound efforts. That being said, it is not all grim for Ripple. The network…

As a recent Messari report outlined, the XRP Ledger (XRPL) showcased notable progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has demonstrated substantial activity. XRP Ledger Burn Rate Slows Amid Low Fees During Q1 2024, XRP, the native token of the XRPL, secured its position as the sixth largest cryptocurrency by market capitalization, reaching $34.1 billion (currently $29M). Despite a slight price decrease, XRP’s circulating…

XRP price is moving lower below $0.5350 support zone. It is now testing key support at $0.5220 and remains at risk of more downsides. XRP is struggling to gain bullish momentum above the $0.5350 resistance zone. The price is now trading below $0.530 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $0.5265 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase…

The XRP price has been in a 7-year accumulation zone now and its failure to break out of this zone has been a constant worry for investors. However, it seems that the days of worry will soon be forgotten as one crypto analyst believes that the XRP price is about to break out of this accumulation zone. XRP Price To Break Out And Complete 1,200% Rally In an analysis posted on TradingView, crypto analyst Babenski has renewed XRP investors’ hope…

Despite its unimpressive price action, crypto analysts have maintained faith in the XRP price, offering bullish price predictions for the crypto token. This time, crypto analyst BarriC has predicted that XRP’s price reaching four figures will undoubtedly happen.  XRP Price Will Reach $1,000 At Some Point BarriC explained in an X (formerly Twitter) post why he believes XRP will eventually reach $1,000. He mentioned that no one could have envisaged that Bitcoin would hit $73,000 when it was still trading…

The crypto market bull run which is projected to commence any moment is already gaining momentum with top crypto coins experiencing massive rallies in the past few days. The surging Ripple (XRP) and KangaMoon (KANG) trading volume is a sign of massive trading activity which could trigger more rallies in the coming weeks. Even at that, analysts believe that KangaMoon will offer more ROI than Ripple as the KANG token nears listing across major CEX exchanges. However, let’s see while…

The recent downturns experienced by Ripple (XRP) and Shiba Inu (SHIB) have prompted major investors, commonly referred to as whales, to scout for alternative investment opportunities like the RCO Finance (RCOF) presale which offers 1,580% ROI by the end of the presale. Notably, RCO Finance (RCOF) is becoming a preferred choice among investors due to its groundbreaking approach to integrating cryptocurrencies with traditional financial assets.  This article will explore the recent trends affecting XRP and SHIB and why RCO Finance…

XRP makes a steady move as it awaits major catalysts such as spot crypto ETF news and SEC vs crypto case-related news to come into play.  Several analysts also believe that a Crypto-friendly Whitehouse could cause a huge shift in the industry as they await the upcoming election with bated breath.  The steady growth of the XRP price since May 12 has been marked as one of the most underrated moves in the market following a bullish resurgence triggered by…