Bitcoin has mounted a strong 6% comeback over the past 24 hours, but this hasn’t stopped XRP from underperforming, posting a gain of 1% in the same time frame.
While a small difference, analysts think that this underperformance is a precursor to a strong drop in the price of the altcoin. Two analysts, in fact, expect for XRP to head towards the $0.125-0.13 moving forward.
XRP Still Has a Harrowing Outlook
In reference to the chart below, a top crypto trader recently said he expects XRP to trend towards $0.13 in the coming weeks, noting how the cryptocurrency recently fell below a key uptrend and was rejected at two key moving averages.
XRP falling to $0.13 from here would mark a more than 30% from the current price of $0.20.
Bearish XRP chart from “Posty” (@PostyXBT on Twitter), a prominent cryptocurrency trader.
The trader’s outlook was recently shared by Nik Patel — a prominent cryptocurrency trader and author — who wrote in a recent analysis that XRP could see a “swift move below $0.175″ and eventual retest of the $0.125 range lows in the coming weeks.
Altcoins Poised to Underperform
Adding to the bearish technical case for XRP, analysts expect altcoins, in general, to underperform BTC moving forward due to fundamental factors.
Kelvin “SpartanBlack” Koh — a partner at crypto investment fund The Spartan Group — recently shared to Twitter that he expects “most alts [to] underperform” in the coming months.
Most alts will underperform. Selective few will outperform and I mentioned some of them that we like incl. $KNC, $BAND, maybe $LINK and $ETH. I am sure there are others that we will find along the way with specific catalysts that will outperform other certain time periods.
— SpartanBlack (@SpartanBlack_1) May 14, 2020
Koh isn’t alone in sharing this belief.
As reported by Bitcoinist previously, the lead technical analyst at crypto research firm Blockfyre recently remarked that as Bitcoin slows down, “altcoins are really going to struggle,” adding this market segment has “max pain” ahead of itself.
Along with citing a technical analysis case for this sentiment, he further backed it up with fundamentals. On why altcoins are largely unconvincing investments, he wrote in April:
“The reason the alt pumps are unconvincing is because they have followed the same patterns. IEO’s, Interoperability, privacy coins moving together. It’s coordinated as it has been the last 3 years instead of all ships rising together.”
Bitcoin Rally Could Change XRP’s Downtrend
A confluence of analysts may be bearish on XRP, but a strong rally in the price of Bitcoin could counteract the harrowing outlook. After all, when BTC rallies strongly, altcoins normally follow suit.
Analysts are currently divided over Bitcoin’s short-term future, making a drop in the price of XRP that much more likely.
For instance, the same analyst that called Bitcoin would retrace to $6,400 months before it did in 2020 recently noted that a previous rally in BTC’s history is structurally similar to the one we just saw.
This so-called “fractal” predicts that the cryptocurrency will fall to $6,400 in the coming weeks, which would be a 0.5 Fibonacci Retracement of the rally from the $3,700 lows. A move to $6,400 would mark another 25% worth of losses from the current price point.
Photo by Bradley Dunn on Unsplash origin »
XRP has jumped almost 26% since November 21, but the move has been quiet because the price keeps getting stuck at one level. Now the structure looks more interesting. Buying pressure on exchanges has surged massively in the past eight days, and the latest bearish hit failed to push the XRP price under support.
XRP price continues to lose momentum inside a month-long falling channel. Volume has weakened, long-term holders are selling faster, and the token now trades just above a key support zone at $2. 10.
The XRP price has corrected despite short-term buying rising this month. Long-term holders are selling far more aggressively, and money flow has turned negative, leaving the token stuck under key resistance levels.
XRP price started a decent increase above $2. 420. The price is now consolidating and might aim for another increase if it stays above the $2. 350 level. XRP price started a downside correction and tested the $2.
XRP price started a decent increase above $2. 50. The price is now correcting some gains might aim for another increase if it stays above the $2. 320 level. XRP price started a downside correction from the $2.
The XRP price has come under renewed pressure as market turbulence grips the broader cryptocurrency space. The token, which only weeks ago traded comfortably above $2. 40, is now struggling to defend the crucial $2.
As market focus returns to legal and regulatory catalysts, particularly the ongoing SEC vs Ripple saga, which has largely eliminated headline uncertainty following significant procedural developments earlier this year, XRP price action remains steady in the mid-$2 range (roughly $2.44…
The XRP price recently saw a sharp drop that was very scary for many traders, and some in the crypto market think the chart looks weak now. However, an analyst on X, Cryptoinsightuk, disagrees. The analyst explains that XRP is not bearish right now, even after the 50% flash crash, and the price can still move higher when liquidity returns.
XRP price market info The XRP price is trading at approximately $2.66, within a range of $2.30–$2.70, with resistance near $2.70–$3.00 and support around $2.20–$2.30. Despite recent volatility, its market value is close to $158 billion, indicating that investor interest…
XRP price started a fresh increase above $2. 45. The price is now showing positive signs and might rise further if it clears the $2. 680 resistance. XRP price is attempting a fresh increase above the $2.
XRP price remains in a deep bear market after plunging by 34% from its highest point this year. Ripple (XRP) token was trading at $2.4137 today, Oct. 23, inside a range it has been stuck in recently. This crash price…
XRP price is currently trading around $2.41 at the time of writing. Since the sharp 35% drop on October 10, the token has been consolidating within a price range of $2.10 and $2.60. According to an analyst from the Working Money YouTube channel, XRP price could climb as high as $6 within the next five […]
The post XRP Price Could Hit $6 Sooner Than You Think; Here’s Why appeared first on CaptainAltcoin.
Ripple co-founder and former CEO Chris Larsen has amassed millions in realized profits from XRP since 2018, potentially putting the price recovery at risk.
XRP price started a recovery wave from $2. 20. The price is struggling to clear $2. 50 and might decline if it trades below the $2. 320 support. XRP price is moving lower from the $2. 550 zone. The price is now trading below $2.
The XRP price has regained the critical $2. 3 support level this week, sparking a new wave of optimism amidst a period of growing market uncertainty. Yet, a critical on-chain metric is indicating a substantial capitulation ahead for the altcoin’s price.
XRP price is falling, but trading activity is on the rise. Could this divergence signal a shakeout or the calm before a recovery? XRP price is facing downward pressure, dropping 0.97% in the last 24 hours and nearly 5.4% over…
The latest XRP Price Prediction paints a stable picture for Ripple’s token, with analysts expecting gradual gains rather than explosive rallies. XRP remains one of the most recognised assets in cross-border finance, but with its price consolidating around $3.
Key Takeaways
Why is XRP’s demand zone important now?
It’s holding price near $2.80, forming a symmetrical triangle that could trigger a breakout toward $3.19 and higher.
What risks could derThe post Will XRP's price explode to $10 as more global banks join RippleNet? appeared first on AMBCrypto.
XRP price is down but on-chain and technical signals suggest a rebound may be forming, raising the question of whether $3 is back in play.
The post XRP Flashes Bullish Rebound Signal Led By Whales — Can Price Reclaim $3? appeared first on BeInCrypto.
Ripple’s XRP price has been pretty quiet today. The price is sitting just above $3. 00, after bouncing back from a dip toward $2. 90 earlier in the week. Buyers are still stepping in whenever it approaches the lower range, but at the same time, sellers keep shutting things down around $3.
Ripple’s XRP price just pulled off one of the most dramatic moves we’ve seen in weeks, and it happened in the blink of an eye. In a wild 15-minute window, the price dropped over 7%, triggering a chain reaction across the crypto market.
XRP price is still stuck in that same range it’s been in since the end of July. The big rally that took it up to $3. 66 has cooled off, and now price keeps bouncing between support and resistance.
XRP’s price remains in a correction after plunging 13% from its highest point this year, but strong fundamentals and a bullish chart pattern point to a potential breakout toward $5. XRP price to jump as cup-and-handle pattern forms Technical analysis…
The XRP price is trading around $3. 20 after a volatile week that saw price briefly push above $3. 30 before sellers stepped in. The market remains range-bound, but open interest, volume, and short positioning are creating the potential for sharper moves in the coming sessions.
Crypto markets are entering a crucial stage, and three of the top crypto coins right now are attracting attention for very different reasons. XRP is in a high-stakes legal and ETF decision phase that could shift its price trend, while Hyperliquid (HYPE) shows strong on-chain growth and prepares for a technical breakout from the $34–$38 […]
The post XRP & HYPE Reach Key Price Levels as BlockDAG’s $0.
XRP price is holding above key support after a strong rebound from last week’s pullback. The uptrend from mid-June remains intact, with price riding a rising trendline, but resistance just overhead could decide whether bulls extend the move or momentum stalls.
Ripple XRP could see one of its biggest rallies yet if a bold new prediction from analyst Carl Moon plays out. He believes XRP price can climb to $30, a 10X move from its current price of around $3.
XRP price is stuck in a bit of a holding pattern after that explosive move earlier this month. The price has pulled back from its $3. 70 peak and is now sitting around $3. 11. Bulls are still defending the $3.
XRP price is holding ground following a solid rally early in the month, but signs that the cooling might occur in the short term are starting to appear. The price is gravitating near $2. 92, slightly under the key $3.
The XRP price is facing a cool-down after a decent run last week, dropping around 3% on the day to trade at $2. 87 at press time. The drop comes after price got rejected near the $3. 00 psychological barrier on July 14 – an area that now stands as the key short-term resistance.
The XRP price “flirted” with the $3. 00 mark today but got rejected there. However, we don’t want to talk about the price today – you probably have enough of that already.
XRP is finally making the kind of moves its holders have been waiting for. After a long period of slow price action, XRP price has climbed past $2.50 and is showing signs of serious strength. Many in the Ripple community are watching closely to see if this rally is the real deal or just another […]
The post XRP Price Set to Skyrocket to $13? Top Analyst Says Ongoing Rally Won’t Stop If… appeared first on CaptainAltcoin.
XRP price is currently trading at $2. 2735, stuck between short-term support and a major resistance level that’s been holding it down for months. Price action has been slowly ticking upward, but the market hasn’t seen the breakout bulls have been waiting for.
XRP price predictions are always a hot topic, but things get even more interesting when you start thinking about how XRP could perform if Bitcoin reaches the much-anticipated $1 million mark. TheCryptoBasic explored what might happen to Ripple price in such a scenario, and the findings are surprising.
When it comes to price predictions, some people think Ripple’s XRP price could go sky-high, while others think it will never break out of its current range. But according to C-Zar, a popular analyst from the C-Zar Gets Crypto YouTube channel, there’s plenty of reason to believe XRP could eventually reach prices as high as […]
The post Ripple XRP Price Set for $40? Top Analyst Explains Why It’s Possible appeared first on CaptainAltcoin.
XRP price is still stuck in a sideways range after dropping earlier this month. While there’s been a small bounce from the $2. 00 zone, the price hasn’t made a strong move in either direction. Momentum is picking up a bit after being up 1.
The XRP market just hit a historic milestone as the first U. S. spot XRP ETF, Canary Capital’s XRPC, officially debuts on Nasdaq, sending bullish shockwaves for the XRP price and other assets in the market.
XRP has spent the past week on the continuation of a downtrend from the previous week, slipping from above $2. 50 before rebounding around $2. 12 and now hovering around $2. 30. The price action reflects a market struggling to find direction, caught between bullish optimism and lingering selling pressure.
XRP community figure Diep Sanh made a tongue-in-cheek prediction about future market behavior, saying investors would be “Shi**ing their pants” if XRP slid from $1,200 to $1,000 sometime around 2070.
XRP has been a top performer during this recent bull market, beating Ethereum and almost all other cryptocurrencies in ROI. But could a recent bearish signal suggest the top altcoin could drop by 70-80% from current levels? XRP Triggers Bearish Crossover of Monthly LMACD XRP monthly LMACD has crossed bearish for the third-time ever The two past bearish crossovers resulted in an 87% and 71% drawdown AFTER the signal fired The signal is still unconfirmed, so bulls must push price much higher this month or risk seeing the signal confirm pic.
XRP has been on a consistent downward trend since the beginning of the just concluded week. A steady flow of consecutive bearish candles on the daily timeframe has pulled the price lower each day, eventually guiding it toward an important support at the time of writing.
XRP stood firm as crypto markets took a beating on Tuesday. Most coins fell hard, but XRP avoided hitting new lows. Market watchers now wonder if the altcoin might recover faster than other cryptos.
Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum.
