Tag: XRP

XRP Price Struggle Continues: Can Bulls Turn It Around?

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XRP price is struggling to rise above the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a decent increase. XRP price is still consolidating above the $0.5080 support. The price is now trading near $0.5250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.5380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5450 and $0.5500 resistance levels. XRP Price…

XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope

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Este artículo también está disponible en español. With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission’s (SEC) fresh appeal in its continuous action against Ripple is driving the price drop. Investors are left wondering about XRP’s future as the legal question of whether it qualifies as a security looms over the token like a dark cloud. Related Reading Hope is mixed with skepticism, as some analysts are nearly optimistic…

XRP Price Eyes Breakout: Will It Recover Lost Ground?

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XRP price is consolidating above the $0.5080 support level. The price could gain pace if it clears the $0.5450 resistance zone in the near term. XRP price is still consolidating above the $0.5080 support. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish pace if it clears the $0.5450 and $0.5500 resistance levels. XRP Price Eyes Recovery…

Bollinger Bands Indicate XRP Price Surge Ahead Despite SEC Challenges: Expert

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

XRP Macro Charts Signal Explosive Bull Surge Amid SEC Appeal

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Este artículo también está disponible en español. In a technical analysis shared with his followers on X, crypto analyst Bobby A (@Bobby_1111888) provides a bullish prediction for XRP despite the US Securities and Exchange Commission’s decision to appeal the ruling in its case against Ripple Labs. Amid the regulatory turmoil, Bobby’s interpretation of the macro charts suggests a bullish outlook for XRP, contradicting the potential bearish sentiment stirred by the SEC’s latest legal maneuver. Bobby contrasts the immediate market reactions typically triggered by high-profile legal news with the actual long-term…

XRP Crashes 14% As Whales Send Deposits To Exchanges

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The XRP price has registered a notable drop during the past day as on-chain data shows the whales have been making transactions to exchanges. XRP Has Witnessed A Sharp Drop Over The Last 24 Hours The cryptocurrency sector has been observing bearish winds recently, with the drawdown deepening across the market during the past day. Most of the top coins, though, have managed to limit their losses, except for XRP, which has notably underperformed. The below chart shows how the coin’s recent trajectory has looked like. Following the 14% drop…

XRP Price Stabilizes After Losses: Can Bulls Regain Momentum?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Analyst Keeps $7.50 XRP Target Despite SEC Appeal Vs. Ripple

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Este artículo también está disponible en español. Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres’s ruling. Following this news, the price of XRP plunged by more than 10%. However, crypto analyst Egrag Crypto (@egragcrypto) maintains that the bullish setup remains unchanged, with a target of $7.50 still in place for this bull run. Why $7.5 Is Still Possible For XRP Price Egrag’s analysis, shared via X, emphasizes resilience in the XRP pricing…

Bitcoin Price (BTC) Gains 0.2% While Ether Price (ETH) Drops 1.4%, XRP Plunges 9.2%

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Bitwise submits XRP ETF bid with SEC 

Bitwise has taken another step toward an XRP ETF with a formal Securities and Exchange Commission filing. On Oct. 2, crypto index fund manager Bitwise submitted a Form S-1 document with the U.S. SEC for an XRP exchange-traded fund, according to the regulator’s official website. A press statement from the company confirmed the filing, and Bitwise CEO Hunter Horsley said an XRP ETF would improve opportunity access for more crypto investors. At Bitwise, we believe blockchains will usher in new, apolitical monetary assets and permissionless applications for the 21st century.…