XRP Chart Signals Major Movement: Will It Break $0.60?
XRP’s trading volume has soared, nearing the $1 billion mark. In the last 24 hours alone, the cryptocurrency has seen over $700 million in trading activity, signaling renewed interest from market participants. This follows a sharp $200 million spike, suggesting a brief surge in market activity. Formation of Triangle Pattern Could Lead to Price Breakout […]
Ripple’s XRP Trust Launch: What It Means for the Crypto Market
Grayscale has announced the launch of the first U.S. XRP trust, set for Thursday. This new trust provides accredited investors with direct exposure to XRP, the cryptocurrency driving Ripple’s XRP Ledger. This initiative is significant for crypto enthusiasts and XRP holders alike. Following the announcement, XRP experienced an 8% price surge. Trust vs. ETF: Key […]
XRP Prepares for Breakout as Elliott Wave and Stoch RSI Align
XRP shows signs of a potential price breakout, with its Stochastic RSI finally breaking a 14-month downtrend. Market analyst Big Mike highlighted this on Twitter, sharing a 1-month XRP chart that supports his analysis. The chart reveals that since July 2023, the monthly Stoch RSI had been moving under a downward trendline after hitting a […]
XRP Consolidation Pattern Suggests 5,261% Surge is Coming
XRP recently saw a 2% daily increase, briefly surpassing $0.54 before stabilizing around $0.53. However, more than just the price is catching investors’ attention. A crucial metric points to a possible bullish rally for XRP. Declining Exchange Supply Fuels Optimism A significant factor behind the bullish outlook is the sharp drop in XRP’s supply on […]
XRP’s Battle at $0.55: Can Key Levels Prevent Further Decline?
At $0.55, XRP encountered significant resistance, leading to a sharp decline in its price. The rejection at this level, which had previously acted as a crucial barrier, pushed XRP down toward the lower boundary of an ascending trendline. This price action suggests that the cryptocurrency is likely to experience further downward pressure before attempting another […]
Ripple CTO Unveils Current XRPL Capabilities and Future Plans
In a recent exchange on X, Ripple’s Chief Technology Officer, David Schwartz, provided insight into the current capabilities of the XRP Ledger (XRPL). The conversation began when a user on the platform inquired if Schwartz could outline the native smart contract functionalities of XRPL. In response, Schwartz clarified that the ledger, as of now, does […]
XRP Whale Activity Spikes: What’s Driving the Move?
XRP whales are actively moving their holdings as the crypto market faces a downturn. Whale Alert, a crypto tracking service, reported that over 100 million XRP tokens were transferred between two unknown wallets. This movement, valued at around $52.9 million, is causing speculation within the crypto community. Whale Strategy in Play Although the exact purpose […]
Ripple Prepares to Launch RLUSD Stablecoin, Not for Retail Users
Ripple, the company behind XRP, is on the verge of launching its US dollar-pegged stablecoin, RLUSD. The upcoming release has excited Ripple’s community and the wider crypto space, with many expecting RLUSD to challenge Tether’s USDT and Circle’s USDC. CTO Confirms RLUSD Won’t Be Retail-Focused Ripple’s CTO, David Schwartz, confirmed that the stablecoin might not […]
Bitcoin’s Halving and XRP: Analyst Predicts Insane 9,355% Price Surge!
Cryptocurrency analyst Levi Rietveld has captured attention with his latest XRP price forecast. Using power law analysis, he predicts a remarkable 9,355% rally for the digital asset. Power Law: A Reliable Predictor of Crypto Market Behavior Rietveld argues that power law, a mathematical concept, can accurately project cryptocurrency price movements. This method has consistently provided […]
XRP at a Crossroads: Will the $0.48 Support Level Hold?
XRP has faced a severe decline after losing its crucial 200-day EMA (Exponential Moving Average) support level, which is a significant indicator of long-term trend direction. When an asset falls below this moving average, it often signals a downtrend, discouraging buyers and intensifying selling pressure. This move suggests that a deeper bearish trend could be […]