XRP is the talk of the crypto space today, after rallying over 7% in a matter of minutes towards a high of 27 cents per XRP token.
The surge is the result of a breakout on both the XRP/USD and XRP/BTC trading pairs, indicating that Ripple will so rally against the dollar and Bitcoin itself.
XRP Breaches Two-Year Bear Trend Line on Both BTC and USD Pairs
The native cryptocurrency to the Ripple protocol was among last year’s worst performers, even despite Bitcoin and many other altcoins regaining much of the value lost during the post-crypto bubble collapse.
Related Reading | Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP
During the peak of the bubble, XRP reached an all-time high of over $3.50 per token, before spending two years in a downtrend that reduced the price of the asset to a mere fraction of a dollar at a low of 17 cents.
After that low was touched, however, Ripple began to surge and has now broken out of downtrend resistance on the XRP/USD pair.
The breakout has carried the price per token to as high as 27 cents, but the number three crypto asset by market cap looks primed for far more upside – potentially to as high as $14 per token if a repeat of the alt season of 2016 helps propel Ripple’s price even higher from current levels.
In addition to rallying against the US dollar, Ripple is also outperforming Bitcoin on the XRP/BTC trading pair. Much like the USD pair, the BTC pair shows a two-year-long downtrend against Bitcoin that XRP has now broken out from.
At its crypto bubble high, Ripple price per token in BTC reached as high as 23,000 satoshi – the smallest unit of Bitcoin measurement. At the low, it reached just 2,300 sats, resulting in a 90% drawdown from peak to trough.
After today’s rally, XRP is trading at roughly 2900 sats, but like the USD pair could reach targets much higher.
Immediate upside targets for XRP are around 30 cents and 3,000 sats respectively, and above that level is 50 cents and around 5,000 sats.
Past breakouts of downtrend resistance in Ripple have led to a 6,000% increase against the dollar and as much as 1,000% against Bitcoin. A similar rally would push Ripple price to $14, and a new high against Bitcoin at 25,000 sats.
Related Reading | Alt Season Cancelled: XRP, Ethereum, and Litecoin All Trigger Sell Signal
The only thing standing in the way between new highs for the number three cryptocurrency is a few key levels of overhead resistance, and a sell signal on daily timeframes using the TD 9 Sequential Indicator.
Even if a pullback occurs, it could be a completely normal retest of resistance turned support, which would result in more confidence that an uptrend has begun.
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Both Bitcoin, XRP, and altcoin treasury firms, including Evernorth, are recording massive figures in unrealized losses.
The post Bitcoin, XRP Treasuries Bleed as Market Downturn Hits Corporate Holdings appeared first on Coinspeaker.
XRP hit a death cross against Bitcoin on the daily time frame — a grim signal that erased XRP/BTC rallies before, and is now threatening to turn the once-realistic $2.5 zone into chart nostalgia.
The Bitcoin price and XRP are both treading water as September unfolds, leaving traders wondering where the next big opportunity lies. Bitcoin has held its ground above $110,000, and XRP is bouncing between support at $2.
With market running hot and late-cycle fear of missing out pulling in fresh buyers, debate has narrowed to familiar choice: Stick with stability of Bitcoin or take wild card with XRP?
Cryptocurrency markets often fixate on rivalries. Bitcoin vs. Ethereum. Solana vs. Hyperliquid. But at a Las Vegas conference last month, Bitwise CIO Matt Hougan argued that XRP simply isn’t in Bitcoin’s ring.
XRP price has continued its strong downtrend, reaching its lowest level since February 3. Ripple (XRP) coin dropped to 0. 000021 against Bitcoin (BTC), down by 37% from its highest point this year.
XRP bulls on the ropes as squeeze metrics flash red.
Ripple to $3? Only if Bitcoin smashes the supply wall.
Ripple [XRP] just slid 4% as Bitcoin traders hit the brakes around the $105k resisThe post XRP faces pressure amid Bitcoin liquidity crunch - Will $3 be within reach? appeared first on AMBCrypto.
XRP’s price action has caught some eyes lately, as it’s not following Bitcoin’s usual patterns. While XRP has been climbing, interestingly, its funding rate is still in negative territory – meaning more traders are betting against it than for it.
Two venerable cryptocurrencies that have experienced outstanding increases in their respective breakout years are Ripple (XRP) and Bitcoin (BTC). In 2017, XRP surged an incredible 12,732%, jumping from $0.
South Korean markets tend to prefer XRP over larger assets such as bitcoin and ether, and a volume bump tends to precede price anomalies on local exchanges.
Ethereum co-founder Vitalik Buterin stirred the crypto community with his surprising comment claiming Ripple’s XRP is better than Bitcoin. This statement shocked many, given the stark price differences between XRP ($2.
Bitcoin, Ethereum, and XRP show bullish potential, with BTC targeting $91,410 and XRP outperforming. However, key support levels must hold to sustain momentum.
The post Bitcoin, Ethereum, XRP Weekly Wrap – September 14, 2024 appeared first on BeInCrypto.
Bitcoin, Ethereum, and XRP face bearish pressures with BTC nearing support, ETH testing $2,344, and XRP vulnerable after losing key levels.
The post Bitcoin, Ethereum, XRP Weekly Wrap – September 6, 2024 appeared first on BeInCrypto.
Market sentiment around XRP turned bullish, as its price lifted 7% in 24 hours.
In case of a continued price rise, XRP might reach $0.69 in coming weeks.
The entire crypto market turned beThe post Why is XRP up today? What to expect as altcoin decouples from Bitcoin appeared first on AMBCrypto.
The cryptocurrency market is experiencing significant movements, with Bitcoin (BTC) hovering around $65,000 and Ripple (XRP) surging by 13% in the last 24 hours. This uptick comes amid positive inflows toward spot Bitcoin ETFs and the launch of the meme coin Poodlana on the Solana blockchain.
XRP’s lagging performance has raised eyebrows among traders and analysts. Despite Bitcoin’s bullish trend, XRP seems to be struggling, prompting discussions about its future. Experts have analyzed XRP’s current market position, its prolonged consolidation, and alternative options for investors seeking better returns.
Pro-XRP lawyer criticized Senator Warren's crypto oversight
XRP continues to ride the wave of bullishness, esp. on social media
Tensions in the ongoing debate around cryptocurrency regulatioThe post Here's Ripple CEO's advice on whether you should buy Bitcoin or XRP appeared first on AMBCrypto.
Recently, a renowned figure in the crypto analysis sphere, CrediBULL Crypto, has spotlighted XRP with a bullish prediction. According to the analyst, XRP is on the verge of a significant rally that could surge its value against Bitcoin in the coming period.
XRP posted large gains as Bitcoin broke its all-time high.
Caution from XRP bulls was warranted based on the liquidity pockets.
Ripple [XRP] bulls burst into life on the 11th of March.
Ripple’s XRP, the digital currency native to the XRP Ledger, has been on a strong rally, surging over 20% against bitcoin (BTC) as the wider cryptocurrency market experiences a significant upturn.
In the last two months, Bitcoin (BTC), the world’s most valuable cryptocurrency, has been increasingly decoupling from XRP, the native currency of the XRP Ledger (XRPL), and BNB, the coin priming the broader Binance ecosystem.
A Bitcoin adopter has outlined the various achievements of XRP, foreseeing a significant price increase for the cryptocurrency that could move it closer to the $10 milestone. Bitcoin OG Says XRP $10 In Sight In an X (formerly Twitter) post, Bitcoin OG, Lucky predicted that the value of XRP could significantly appreciate, pushing closer to […]
In South Korea, XRP, the native currency of the XRP Ledger (XRPL), is king, not Bitcoin (BTC). According to Kaiko’s research, trading is concentrated chiefly on XRP, which stays ahead of Bitcoin, Ethereum (ETH0, Solana (SOL), and other altcoins, including Dogecoin (DOGE) and Bitcoin Cash (BCH).
A recent study has revealed that Japanese investors are choosing to invest in Ripple’s XRP over the world’s flagship cryptocurrency, Bitcoin. XRP Over Bitcoin And Ethereum In contrast to the treatment Ripple and the XRP token are receiving in the US, Japan seems more welcoming to the crypto asset, according to a research paper by the Department of Economics and Finance at the City University of Hong Kong.
Bitcoin, Ethereum, XRP traded lower on Monday as FTX-related news saw Solana slump. Analysts are pointing to a potential Death Cross for BTC as bad news for the market. The crypto market is seeing yet another day of downside pressure as major altcoins show weakness.
Glassnode’s latest on-chain metrics show the number of bitcoin wallets holding over 1 BTC has hit a new all-time high (ATH), indicating investor optimism in the crypto markets. The court decision that XRP is not a security has brought about…
Quick take: XRP’s price briefly tested $0. 20 as a result of the crypto market resurgence. If this momentum is maintained, it could reclaim $0. 25 and turn it into support based on the 3 Day XRP/USD chart.
The native cryptocurrency of the Ripple protocol, XRP, was among the worst-performing crypto assets to the top ten by market cap throughout 2018 and 2019. It’s among the few altcoins that closed the calendar year at a price lower than it started at.
While most of the crypto markets have experienced a massive price rally, with Bitcoin only lagging slightly behind following its weekend leap, XRP has been one of the highest gainers on the day. After struggling.
A substantial Ripple rally fizzled as the asset’s value fell as much as 12% from its weekly high. The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0. 3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.
R3, an enterprise blockchain software firm, launched Corda Settler, an application that settles international payments within a corporate network – and it supports XRP. The open-source application comes as a part of a bigger CorDapp package.
After it appeared as though a few early signs of recovery were beginning to set in for Bitcoin, the price of the premier crypto asset once again plunged below the $4,000 mark early today morning (after having scaled back to a somewhat respectable price point of around $4,300).
