The past few days haven’t been kind to the crypto markets. After peaking last week, market leaders Bitcoin, Ethereum, and Ripple’s XRP and smaller altcoins saw their values tank.
XRP was hit especially hard by the retracement, falling from its multi-month high somewhere above $0.34 to as low as $0.265 during the flash Wednesday sell-off that brutalized bulls, liquidating millions of dollars worth of Bitcoin positions on BitMEX and other leverage exchanges.
Despite this brutal more-than 25% retracement in the price of the third-largest cryptocurrency, analysts remain optimistic, touting a number of indicators suggesting that bulls may soon return to graze in the XRP fields, so to say.
Ripple’s XRP Prints Flurry of Strong Signs
Popular crypto commentator CJ recently remarked that XRP’s chart setup suggests a strong breakout to the upside may soon occur.
In his chart, he depicted the fact that XRP has been building a falling wedge pattern over the past two weeks, which more often than not break to the upside. The wedge CJ drew ends at the top of a demand zone (which may act as a region of support) around $0.24, adding to the potential for the wedge to break upward — something that the analyst suggests will take XRP to $0.35.
$XRP – This would be nice. pic.twitter.com/2I1gXOYLyn
— CJ (@IrnCrypt) February 22, 2020
This is far from the only technical sign that may support bulls moving forward.
Per previous reports from NewsBTC, the indicator of HODL2100K, the IchiEMA, has printed a buy candle on the weekly chart of the cryptocurrency. This signal was seen two weeks before the altcoin began its infamous surge at the end of 2017, during which the asset gained over 1,000% in under a month’s time, rallying from $0.20 to a price above $3.00.
Also, eerily accurate trader Financial Survivalism suggested that the asset could hit $0.70 this year. He backed this forecast by looking to the following factors: the Heiken Ashi candles have turned green on a weekly basis, implying reversal, the cryptocurrency has turned a key horizontal into support, and it has broken above a falling wedge pattern, adding to the bull case.
Related Reading: This Chinese Whale Lost $45 Million in Bitcoin and BCH Overnight: How it Happened
Veteran Trader Warns of Steep Retracement
While there are these technical factors, some are not sure XRP is ready to see the strong breakout that CJ and his contemporaries suggested may take place.
Veteran commodities analyst Peter Brandt warned his followers that XRP is in the form of printing a textbook a head and shoulders top, marked by two shoulder-like segments of price action and a blow-off top in the middle.
It will be interesting to see if this H&S top plays out. If so, the target would be .2071.
This Tweet poses a possibility. This is not a prediction. pic.twitter.com/IJiMR2AEnV
— Peter Brandt (@PeterLBrandt) February 20, 2020
Brandt remarked that should this textbook pattern play out, the cryptocurrency could fall to $0.2071 — around 23% lower than the current market price around $0.27 — for that is where the measured move of this pattern lies.
Featured Image from Shutterstock origin »
Ripple has secured expanded regulatory approval in Singapore, strengthening its payments business in Asia just as XRP whale activity surges across spot markets. The move arrives during a challenging week for XRP’s price, but on-chain data suggests institutional-scale traders remain active.
A debate over the XRP Ledger’s (XRPL) economy model has ignited after Ripple’s Chief Technology Officer (CTO), David Schwartz, directly addressed questions about taxation on the blockchain. Critics have suggested that if XRP holders do not earn from the ecosystem, someone must be collecting a tax.
Key takeaways XRP is down 11% in the last seven days and risks dropping below $2.0 soon. The bearish performance comes despite the recent launch of the spot XRP ETF. XRP continues to underperform XRP, the native coin of the Ripple ecosystem, faced intense selling pressure at key support levels in recent days, as the […]
The post Ripple price forecast: Will XRP reclaim $2.5 soon? appeared first on CoinJournal.
XRP price remained in a bear market this week despite the strong launch of the first Ripple token exchange-traded fund in the United States. Ripple (XRP) was trading at $2.26 today, Nov. 15, down sharply from the year-to-date high of…
Ripple’s XRP is down 16% in the last seven days, in line with the broader cryptocurrency market. The coin has underperformed despite strategic fundamentals from the Ripple ecosystem. Due to the recent poor performance, XRP retested the $2.
Ripple CEO Brad Garlinghouse's insights on XRP have emerged as the crypto community awaits the potential launch of XRP ETFs in November, with takeoff expectations in place.
At the upcoming Ripple Swell event, David Schwartz, one of the original architects of XRP Ledger, will share insights on what comes next for XRP amid the DATs surge.
Ever wished you could rewind time and invest in crypto before it exploded? Ripple’s XRP is once again catching the market’s eye, showing signs of strength as it climbs back toward its 2026 targets.
XRP is closing the week at $2.60 after retail panic fueled a contrarian bounce, Ripple has unveiled plans to push XRP and RLUSD adoption, while Bitcoin has stalled at $111,000 and Cardano risks a 20% fall.
After weeks of uncertainty, XRP is once again catching investor attention as new on-chain signals and Ripple’s $1 billion liquidity expansion hint at a major turning point.
Friday morning opens on the crypto market with Bitcoin breaking $105,000, Ripple closing a $1 billion treasury deal, XRP losing ground and Binance pressed by regulators in France.
Key takeaways XRP is down 7% in the last 24 hours and is now trading at $2. 2 per coin. The bearish performance comes as the broader crypto market undergoes a correction. XRP continues to decline despite Ripple’s efforts to accumulate more tokens XRP, the native coin of the Ripple ecosystem, has lost 7.
Ripple’s XRP is trading above the $2. 40 support after failing to build on its momentum on Monday. The volatile performance comes following Friday’s massive market crash, with traders expecting further volatility in the near term.
Ripple strategist urges buying XRP now. We examine the call and why PayDax’s PDP, a utility-driven DeFi and RWA token, is being named as a rotation beneficiary.
The cryptocurrency market remains unstable, with Ripple (XRP) experiencing a decline of over 10% due to technical issues and concerns about regulatory compliance. Short-term technical pressure has led investors to seek alternatives with more potential, while RippleNet development and increased liquidity products continue to support XRP’s strength.
The XRP price prediction narrative is heating as XRP eyes a fresh breakout with renewed ETF momentum. While Ripple’s native token is making waves, another project is stealing headlines: Remittix (RTX).
Key Takeaways
Why is Ripple's CTO quitting?
He will remain with the team in an advisory role to have more time with his family.
How did XRP react?
XRP's price slipped after the update, but it raThe post All about Ripple CTO's exit and the impact on XRP's price appeared first on AMBCrypto.
The price of Ripple (XRP) is in the spotlight once again, with the argument among buyers whether Ripple can push towards the $5 mark in 2025. While it has been a veteran in blockchain payments for long, XRP has also been competing with newer projects to fill the same space. This has set the rumor […]
XRP price is sitting at about $2. 72, but one Bitcoin investor thinks it could make a huge leap all the way to $50. His argument isn’t based on hype or wild speculation. Instead, it comes down to a major regulatory move that could turn Ripple into a full-scale U.
Imagine staring at your wallet and seeing exactly 4,888 Ripple (XRP) tokens. That is the number Blockchain Crypto’s analyst used in his latest breakdown, and it is a scenario many holders can relate to.
Ripple (XRP)’s strong 16. 5% weekly surge has reignited optimism in the crypto market, showing that momentum is back and profits are flowing again. Yet while Ripple (XRP)’s rally has been exciting, many investors are beginning to look past it, wondering where the next breakout opportunity lies.
Key Takeaways
XRP whales are stepping in. The XRP/ETH ratio has bounced 4% after a steep 20% weekly drop. Could Ripple be gearing up to lead the next market rebound?
Ripple [XRP] is standingThe post Ripple - 3 signals hint XRP could lead altcoins into Q3 appeared first on AMBCrypto.
Независимый блокчейн-детектив, известный под псевдонимом ZachXBT, рассказал, что криптовалюта XRP компании Ripple Labs остается непопулярной на фоне успехов других крупных альткоинов — даже несмотря на завершившиеся судебные споры Ripple с американскими властями.
Settlement confirms XRP is not a security in the US. Analysts see potential for a BlackRock XRP ETF. Bitcoin maximalists renew criticism of XRP. Ripple’s multi-year legal battle with the US Securities and Exchange Commission reached a decisive conclusion this week, triggering a sharp rally in XRP’s price and trading volume.
Семилетняя судебная сага между Комиссией по ценным бумагам и биржам США (SEC) и Ripple официально завершена. Обе стороны отказались от дальнейших апелляций, оставив в силе ключевое решение суда, согласно которому токен XRP не является ценной бумагой при продаже на вторичном рынке.
Key takeaways
Ripple and the SEC have officially ended their legal battle, locking in a $125 million penalty and banning certain institutional XRP sales. XRP price rallied on the news, driven by legaThe post Ripple vs.
Chris Larsen, the co-founder of Ripple, is once again in the spotlight after reports and on-chain data revealed he has been selling large amounts of XRP. According to research highlighted by Crypto X AiMan in a new video, Larsen has moved an estimated $344 million worth of XRP to exchanges since the start of 2025, […]
The post Ripple’s Co-Founder Is Selling XRP appeared first on CaptainAltcoin.
The long war between Ripple and the SEC is sputtering to an end, changing everything for XRP's future.
It all started in December 2020 when the agency accused Ripple of selling XRP as an illegal seThe post Where will XRP be by 2030? appeared first on AMBCrypto.
Ripple (XRP) has hit a new all-time high just a few days ago, and now the price is looking to its next direction, which could be a retracement or a continued bullish move. Some may wonder if it is still worth buying XRP again at this time based on all that is happening.
Crypto markets staged a major turnaround on Tuesday as traders reacted to rising expectations of US interest-rate cuts and a surge in spot Bitcoin ETF activity following Vanguard’s decision to end its ban on Bitcoin ETF purchases.
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The cryptocurrency market experienced a dip on Monday but instantly bounced back. Bitcoin briefly dropped to the $84k level but is now trading above $86k per coin. XRP, Ripple’s native coin, also dipped on Monday, but the $1.
Coinbase stock (NASDAQ: COIN) plummeted 5% in pre-market trading on Monday, as the crypto sector entered December under assault. Bitcoin shed more than 5% to trade below $86,600, while Ethereum collapsed 5.
Cryptocurrency investment products staged a sharp reversal last week, breaking a month-long outflow trend with approximately $1 billion in new capital. The shift follows four consecutive weeks of withdrawals totaling $5.
Bitcoin (BTC), Ethereum (ETH) and XRP all tumbled in the past 24 hours as crypto liquidations reached $636 million even amid growing optimism around a [...]
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have begun the new month bearish, with over 5% losses recorded over the past few hours. Bitcoin, Ethereum, and Ripple face renewed selling, with support levels around $80k for BTC, $2,100 for ETH, and $1.
