It’s been a tough month for holders of the XRP cryptocurrency.
In the past 30 days, Bitcoin has rallied 5%, Ethereum has surged 20%, and a majority of cryptocurrencies have registered gains somewhere in between the two. In contrast, XRP has actually slipped 5% lower over that same time frame, failing to be buoyed by a hot altcoin market.
A number of top analysts expect this underperformance to continue, pointing to clear technical signs that the altcoin is far from bullish.
XRP’s Chart Isn’t Looking Too Hot
Against Bitcoin, XRP remains above the year-to-date lows by a handful of percent, but this may not last for long.
A top trader shared the chart below on June 5th, showing that the cryptocurrency is in a textbook “descending triangle” formation, marked by a series of lower highs and consistent retests of a low.
“XRP daily chart – Prepping for a new breakdown with this descending triangle forming,” he remarked.
Descending triangles often break lower, and this one seems poised to do so as XRP nears its apex. Bitcoin formed a descending triangle in the summer of 2018, for instance, before plunging 50% lower by the end of the year.
Bearish XRP (against BTC) chart shared by cryptocurrency trader “Cheds” (@BigCheds on Twitter).
Other analysts echoed the expectation that XRP could have a grim path ahead of itself.
He did indicate that the asset could flip bullish if it closes above the green level indicated on the chart below, but asserted that the cryptocurrency is still in a downtrend that will result in a 50% price drop.
“I will trade XRP vs BTC when it shows strength. Any weekly close above green and I’m interested. Until then who knows what can happen, currently down 91% since ATH but has seen 95% drops before, which is close to another 50% drop down. Move slow,” he remarked while pointing to the below chart.
Image Courtesy of crypto trader “Ethereum Jack”
Odds Are Stacked Against Bulls
The truth is that the odds are stacked against XRP bulls — and buyers of altcoins as a whole.
According to Florent Moulin — part of the research and product team at crypto research firm Messari — the inflation rate of the cryptocurrency is much higher than that of other digital assets.
He said that the inflation rate of the asset’s circulating supply was 20% over the past 12 months, five times that of Bitcoin pre-halving.
Investors say that the high levels of inflation are inflicting bearish pressure on XRP. Kyle Samani of Multicoin Capital told Bloomberg last year:
“The company has been steadily increasing their sales of XRP over the previous three quarters, likely inflicting downward price pressure on XRP. Savvy investors have known this for some time; however, for whatever reason the market is just now picking up the narrative and reacting.”
Related Reading: Bloomberg Analyst: Why the Bitcoin Price Will Double to $20,000 in 2020
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Price tags: xrpusd, xrpbtc
XRP Is Primed to Break Dozens of Percent Lower as Textbook Bearish Pattern Forms origin »
Technical analyst Charting Guy has shared a new perspective on the relationship between XRP and Ethereum, identifying a setup that he believes could lead to short-term XRP outperformance. His analysis, which was posted on the social media platform X, focuses on the XRP/ETH weekly chart, where he highlighted the formation of a bullish divergence that has not appeared since mid-2024.
Key Takeaways
Ripple’s CTO David Schwartz praised Ethereum’s latest price rally. For its part though, XRP remains a strong contender with rising investor confidence and technical support.
The post Ripple's CTO feels 'nice' about Ethereum's $3K breakout, while XRP's price... appeared first on AMBCrypto.
XRP's potential rise could reshape the crypto landscape, challenging Ethereum's dominance and influencing regulatory and investment trends.
The post XRP could rocket over 500% and outrank Ethereum by 2028: Standard Chartered appeared first on Crypto Briefing.
Cryptocurrency analyst Umar Khan thinks Ripple (XRP) could overtake Ethereum in market cap, but not in price per coin. On his 99Bitcoins YouTube channel, Khan made it clear he doesn’t see XRP reaching Ethereum’s $2,000 price tag anytime soon.
XRP is exhibiting strong relative strength against Ethereum.
Does its current price action reflect accumulation, signaling a potential breakout?
Despite a bearish February, Ripple [XRP] has The post XRP gains against Ethereum – Is it time to reallocate? appeared first on AMBCrypto.
The crypto market is a captivating space, with projects like Ripple (XRP) and Ethereum (ETH) making significant moves. For instance, XRP has experienced a recent surge of 13% in the last 24 hours, while Ethereum price action suggests a potential breakout.
XRP has been on a meteoric rise, fueled by major regulatory shifts, while Ethereum ($ETH) is approaching a breakout moment as analysts eye a surge beyond $3,550.
Аналитик Яшу Гола (Yashu Gola) предрекает рост Ethereum до уровней, которые заставят потерять дар речи даже самых хладнокровных трейдеров. Все дело в поразительном сходстве текущей ситуации с недавним взрывным ростом XRP.
The crypto market has turned bullish, with most tokens recovering key levels. As this bullish trend continues, an analyst has predicted that Ripple (XRP) will topple Ethereum (XRP).
Meanwhile, RCThe post Ripple Trader says the 6-year wait is over as XRP Flips Ethereum, but watch out for Presale Token RCOF appeared first on AMBCrypto.
Ethereum’s supply held by top addresses increased sharply.
Metrics suggested that buying pressure on XRP was high.
The latest market crash caused most cryptos prices to drop, includingThe post As Ethereum and XRP collapse, whales start to buy: Sign of a bull run? appeared first on AMBCrypto.
A popular crypto analyst, identified as CrediBull Crypto on X (formerly Twitter) has unveiled bullish projections for both Ethereum and XRP. Doubling down on his previous XRP price prediction, the analyst has further affirmed that the cryptocurrency is poised to outperform Bitcoin and Ethereum in the upcoming 2024 bull run. Related Reading: Shiba Inu Partner […]
The crypto market has seen a pullback in the last 24 hours, with Ethereum (ETH) and XRP (XRP) prices declining from recent highs. This cooling-off period has come after a week of bullish momentum for both coins, along with most major cryptocurrencies.
The Bitcoin (BTC) price broke down from an ascending parallel channel. The Ethereum (ETH) price. The XRP (XRP) price is still trading inside a symmetrical triangle.
The post How Long Does the Bitcoin (BTC), Ethereum (ETH) and XRP Bounce Have to Run? appeared first on BeInCrypto.
Сегодня цена XRP вернулась в зону декабрьских максимумов, а Bitcoin и Ethereum удерживаются в области средних цен. BTC/USD Вчера объёмы торгов были ниже среднего уровня, и покупатели не смогли продолжить восстановление цены BTC.
Компания Wrapped будет предоставлять поддержку XRP в блокчейне Ethereum. Последние пару месяцев XRP в основном фигурировал в заголовках из-за продолжающегося судебного процесса Ripple против Комиссии по ценным бумагам и биржам (SEC).
Altcoins such as XRP, Ethereum Classic and Enjin weren’t quick to mirror Bitcoin and Ethereum’s upward trend. These altcoins continued to display signs of consolidation. XRP failed to test the $1.
As Bitcoin dipped, Ethereum too registered a 1.4% decline in prices over the last 24 hours. Altcoins such as XRP have paved their own trade trajectory as they recorded a multi-month high after surgingThe post XRP, Ethereum and Polkadot Price Analysis: 15 August appeared first on AMBCrypto.
Комиссии по ценным бумагам и биржам (SEC) нужно больше времени, чтобы отреагировать на требования Ripple о документах Bitcoin, Ethereum и XRP. Комиссия по ценным бумагам и биржам США просит мирового судью Сару Нетберн продлить время, чтобы ответить на недавнее ходатайство...
Thanks to Bitcoin's inability to climb out of its price range under $60,000 and the altcoin market losing its early-April momentum, the likes of XRP, Dogecoin, Cardano, and Ethereum were all flashing The post XRP, Dogecoin, Cardano, Ethereum Price Analysis: 21 April appeared first on AMBCrypto.
Bitcoin, Ethereum, and XRP surged in the last few hours, making a rebound alongside the stock market as COVID-19 pandemonium cools. It seems that the crypto market is ready for...The post Bitcoin, Ethereum, and XRP Back in the Green appeared first on Crypto Briefing.
Финтех-компания Ripple намерена создать финансовый канал между XRP и Ethereum. Для этого она выставила ряд задач в рамках виртуального хакатона Gitcoin и объявила о готовности заплатить разработчикам, которым удастся соединить две криптовалюты через протокол Interledger (ILP).
XRP и Ethereum являются криптовалютами, которые переживают «фазу доказательства». Об этом заявил CEO Galaxy Digital Майк Новограц проясняя свое отношение к XRP, после того как заявил, что криптовалюта Ripple снова покажет плачевные результаты в этом году.
Ethereum, XRP, and Litecoin appear to have reached an exhaustion point following the uptrend they entered since the beginning of the year. Now, a technical index estimates that these cryptocurrencies could be bound for a correction before the continuation of the bullish trend.
All last week, the altcoin market was on fire, with many crypto assets – including Ethereum and XRP – breaking out from downtrend resistance and going on massive rallies – some of which set over a few hundred percent gains.
For the third or fourth day in a row, bulls have decisively taken control of the cryptocurrency market. Leading the pack wasn’t Bitcoin or Ethereum (ETH), it was XRP, the third-largest cryptocurrency by market capitalization and an asset that is either despised or loved.
Bitcoin is in the spotlight once again after Bakkt was granted the first approval from the CFTC for physically-settled Bitcoin futures. As the pioneer cryptocurrency takes the attention from the market, most of the altcoins have been left behind even plummeting to new yearly lows.
According to a recent poll conducted by the crypto engineer on Twitter @BluesCrypto, 40% of the respondents said they would rather long Ethereum (ETH) than other digital assets. 33% of the voters said that they would long XRP.
Acquiring Ripple’s XRP cryptocurrency has become easier than ever for the mainstream public as, BelcoBTM, an up-and-coming US cryptocurrency…
The post XRP in ATMs in New Jersey Just Become a Thing Along With Bitcoin, Ethereum, Litecoin, and Binance Coin appeared first on Invest In Blockchain.
Японская крипто-биржа Coincheck добавила два первых альткоина на недавно запущенную внебиржевую площадку, пишет Cointelegraph Japan в этот понедельник. В начале месяца Coincheck-OTC начала предоставлять услуги по внебиржевой торговле биткоином, а теперь распространила новый сервис на Ethereum и XRP – вторую и третью крупнейшие криптовалюты по капитализации.
This week’s big market movement has been largely focused on Bitcoin which served as the catalyst once again. The second two largest crypto assets, Ethereum and XRP did not get such a boost and started.
During bullish price rises last week, Ethereum outperformed XRP to overtake it in terms of market cap and reclaim the position of the largest altcoin by market cap. The outperformance has continued this week with data from Messari showing the price of Ethereum increasing 5.
Что касается цены, то в начале февраля она составляла порядка 103$, что является самым низким показателем за последнее время. Аналитики предсказывали цифровой валюте долгий и весьма сложный период полного восстановления.
The cryptocurrency market spiked yesterday. The increase that took place across the market was led by litecoin which can often be used as a leading indicator for price movements in bitcoin and top altcoins.
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.
