XRP continues to disappoint its investors and community, by being unable to sustain anything resembling a rally over the course of the last year. Prior to that, each short-lived rally was sold down by Ripple themselves, further crushing any hope for positive momentum.
But now, a massive surge in volume after XRP exploded out of recent lows, suggests that the third-ranked crypto by market cap will finally pump and recoup the gains it lost during the bear market.
Spiking Trading Volume Indicates That XRP May Be Ready to Pump
Earlier in the year, XRP was among the altcoins that broke out from two-year downtrend lines, only to be strongly rejected back below them by the coronavirus-fueled Black Thursday selloff last month.
The powerful collapse sent XRP from nearly 30 cents per token to as low as 10 cents, setting a new bear market low for the third-ranked cryptocurrency by market cap.
Related Reading | XRP Buy Signals Stacking on Multiple Timeframes May Spark Ripple Recovery
Enormous sell volume supported the move down as stop losses were hit, and investors panic-sold fearing the worst. However, a retest of that lows recently put in on the XRPBTC trading pair, also saw an explosion in buying volume, which could indicate that the bottom is in, and XRP could soon surge, according to one crypto analyst.
Wouldn't be surprised to see $XRP finally pump. Some good volume flowing in off the lows after high volume selling was absorbed. If alts are strong it's one to watch to see if it follows $ETH pic.twitter.com/DySoyW9qZl
— Pentoshi (@Pentosh1) April 23, 2020
Will a Ripple Effect Kick Start a New Altcoins Season?
The analyst also concludes that this could be a signal that altcoins are showing strength, and Ethereum could follow XRP and outperform BTC in what crypto traders refer to as an altcoin season.
Major buy signals have triggered on the XRPBTC trading pair across multiple timeframes, further supporting the theory that XRP will soon experience a massive pump and cause alts to thrive once again.
Related Reading | XRP Reclaims Downtrend Line After False Breakout, What’s Next?
Further adding validity to the theory that an alt season is around the corner, is a breakdown of Bitcoin dominance from a long-term trendline. Now that the trendline has broken, and a bearish retest was confirmed, BTC dominance could soon plummet and give altcoins room to shine once again.
Alt season typically lead to life-changing wealth, and after over a full year of consolidation at lows, the asset class will either soon surge once again, or will eventually go to zero. Some analysts are telling investors to be prepared to go down with the altcoin ship, while others are accumulating at low prices in anticipation of mark up.
But what actually comes next is anyone’s guess. Will recession crush this asset class, or will inflation caused the fixed supply assets like XRP to surge?
Featured image from Pixabay origin »
Top trader DonAlt, who predicted XRP's 700% rally, says its calm at $2.5 is not luck — it is the "boomer base" effect. While zoomers chase hype coins, older holders keep XRP afloat and make it the market's most durable bet.
Ripple (XRP) has recently captured attention with chart patterns suggesting a rally toward the $3 mark. As regulatory uncertainty begins to clear and market momentum builds, technical analysts are growing increasingly confident about XRP’s trajectory in the short term.
In the competitive world of cryptocurrency investments, finding a project with strong growth potential and real utility is crucial. While Ripple (XRP) has delivered a historic 5x rally, many analysts are turning their attention to Mutuum Finance (MUTM), a decentralized lending protocol with innovative features and rapid adoption, which is on track to deliver returns […]
XRP's price surge in June is at risk as long-term holders sell off for profits, leading to a potential market correction that could slow the rally.
The post XRP’s Summer Rally Faces Resistance as Dormant Wallets Come Alive appeared first on BeInCrypto.
There is no significant resistance level ahead, giving XRP a clear path to potentially major gains.
However, the rally would likely be ignited once more investors enter the market.
XRP has rThe post XRP has a clear path to rally - but here’s what you need to know first appeared first on AMBCrypto.
XRP price forecast suggests a 62–70% rally from $1. 79. Upside wick could touch $2. 80–$3. 00 before month-end. XRP remains in a “boredom phase” after the SEC case closure.
With the SEC closed-door meeting and pressure from whistleblower group Empower Oversight, XRP is gaining momentum. Some analysts are urging investors to “buy the dip” and predict a rally to $10.
At press time, 68.4% of top XRP traders on Binance held long positions
XRP could soar by another 45% on the charts to hit the $4.5-level
XRP, at the time of writing, seemed poised to continuThe post XRP - $84M in token outflows, but is a 45% price rally next? appeared first on AMBCrypto.
XRP's impressive rally clears short liquidations, but raises risks of a long squeeze
Elevated risk metrics and thin liquidity below $2.50 hinted at heightened volatility ahead
XRP investors The post With XRP's price rally now at risk, is it time for traders to get out? appeared first on AMBCrypto.
Whale transactions over $1M signaled strategic accumulation, driving XRP's bullish undertone.
Price consolidated near $2.20–$2.50; a breakout could trigger bullish momentum
XRP recently wiThe post XRP whales are accumulating fast - Hinting at a massive rally ahead? appeared first on AMBCrypto.
XRP surpasses 1.618 Fibonacci level, analysts eye a potential 6,800% rally to $168 this cycle.
Strong uptrend confirmed as XRP trades above 20, 50, 100, and 200-day EMAs, showing bullish momentThe post XRP trades above key EMAs - Analysts predict a 6,800% rally to $168! appeared first on AMBCrypto.
Should it maintain its current momentum after breaking out of its descending channel, XRP can reach $0. 74.
A rise in active addresses and a decline in supply underpin the surge, indicating stroThe post XRP can rally to $0.
XRP showed signs of bullish momentum after bouncing off critical support at $0.5557.
Metrics signaled a continued bullish rally.
XRP has shown signs of a comeback, as it increased by 4% afteThe post XRP bulls emerge: Is a rally towards $0.64 on the horizon? appeared first on AMBCrypto.
XRP has been consolidating inside the bull pattern since last year.
The token might retest the pattern before beginning a bull rally.
The crypto market somewhat turned sluggish in the lastThe post Is XRP poised for a new rally this week? Find out here! appeared first on AMBCrypto.
XRP has declined in the last 24 hours.
The sentiment has remained positive despite the decline.
Ripple's XRP is experiencing one of its strongest price trends in recent months, marking it asThe post XRP climbs 38%: Is this the start of a bull rally? appeared first on AMBCrypto.
In recent trading activities, XRP has taken a significant hit in its latest attempt to rally toward its previous high of $0. 6360. Despite initial bullish momentum suggesting a potential breakout, XRP could not sustain its upward trajectory.
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.
XRP's trading volume has declined by 53%, but the market remained undecided.
XRP sustained consolidation leaves analysts optimistic of a rally up to $20.
With Bitcoin [BTC] declining by 5.
XRP was down by more than 4% in the last seven days.
Most market indicators remained bearish on the token.
Like most cryptos, XRP was also facing trouble of late as it failed to raise itThe post XRP at a crossroads: A drop to $0.
XRP saw a minor rally.
Ripple has reclaimed the $0. 5 price range, and has kept climbing.
After enduring consecutive significant declines, Ripple [XRP] appeared to experience a rally in theThe post XRP reclaims $0.
XRP has demonstrated significant strength for a while now, securing its spot as one of the best-performing cryptocurrency assets by market cap, after surging to its highest level since November. XRP To Yield Gains From April Rally The crypto community is buzzing about XRP’s latest price spike as several analysts predict the surge will be the start of the eagerly anticipated rally.
As reported by ZyCrypto recently, several analysts are predicting an XRP rally to $1. While some are more cautious in their analyses, all agree that the XRP rally is closer than it seems.
XRP has been struggling to gain upside momentum over the past couple weeks, with prices declining more than 10% from early November highs of $0.72 to current levels around $0.61. However, according to prominent Ripple analyst Dark Defender, XRP may be carving out a bullish cup and handle pattern that could precede a rally to […]
The post Ripple (XRP) Price Outlook: This Pattern Points to Potential Rally to $1.88 appeared first on CaptainAltcoin.
The XRP price continues to enjoy positive performance as the crypto market trends to the upside. The current rally confluences with the sector’s historical performance; thus, cryptocurrencies could extend their bullish trend.
Addresses holding 10,000 to 10 million XRP increased the value of the token in their portfolio.
XRP may not be able to hold on to its hike following a series of profit-taking despite increases The post Could XRP be set for another repeat of July’s rally? appeared first on AMBCrypto.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
XRP remained fully bearish, but multiple iThe post XRP: Will surging demand kick-start a rally? appeared first on AMBCrypto.
Despite the recent rally in the global crypto market capitalization, Ripple's native token XRP remains stagnant at around $0. 38. Recent on-chain data reveals that XRP whales have entered a selling frenzy, offloading nearly 30 billion tokens in the past week.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
XRP jumped above its 200 EMA to depict increasing buying prThe post Gauging if XRP's previous bull run can trigger an extended rally appeared first on AMBCrypto.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
XRP's previous patterned breakdown entailed a bearish engulfinThe post Tracing XRP's extended growth potential after its most recent rally appeared first on AMBCrypto.
XRP price has breached an ambiguous pattern favoring the bulls but spends moving sideways. This lack of volatility is what’s causing the remittance token to remain mum. However, a resurgence of inveThe post Why XRP is well positioned for an explosive 45% rally to $1.25 appeared first on AMBCrypto.
XRP kicked off an intense and unexpected uptrend yesterday, which led the embattled cryptocurrency to rally over 10%, marking a significant outperformance of Bitcoin and the aggregated market. This momentum has not been fleeting thus far – as the crypto is now in the process of posting even further gains as bulls attempt to push...
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.
