XRP Price Pumps, but Here’s Why Ripple’s Community Should Be Careful

2024-11-13 10:22

The XRP price surged from $0.53 to $0.73 following Trump’s victory in the US elections and amid the broader market recovery.

However, the price faced rejection at $0.73, nearly matching the yearly high of around $0.74 seen in March.

Santiment recently provided a comprehensive update on the current state of Ripple’s community and XRP’s market dynamics.

Market Analysis Shows Mixed Signals

The recent price action shows promising signs, with XRP experiencing a 45% breakout over the past 8 days before hitting resistance. The Ripple’s token price has since been fluctuating around the $0.65 mark, after facing the above mentioned rejection at $0.73.

Moreover, Binance’s funding rate data reveals the highest long-versus-short ratio for XRP since March 31st. This extreme ratio could be a warning sign, as heavily skewed long positions often increase the risk of a market correction if momentum starts to fade.

Source: X/@santimentfeed

XRP’s social dominance has spiked considerably, now accounting for over 4% of all cryptocurrency discussions. While this surge in social interest likely contributed to the recent price rally, historical patterns suggest reason for caution.

Previous social dominance spikes have served as reliable market indicators. The last two significant spikes showed interesting patterns – one marked a perfect top signal coinciding with a local price high, while the other indicated a market bottom, preceding a price recovery.

Read also: Top Analyst Reveals Why to Avoid These 8 Altcoins: XRP, Worldcoin (WLD) and More

The current combination of high social interest and elevated long positions suggests traders should remain vigilant. Breaking past the March high of $0.74 would require sustained momentum without excessive FOMO, while the heavy concentration of long positions could increase the risk of a pullback if market sentiment shifts.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post XRP Price Pumps, but Here’s Why Ripple’s Community Should Be Careful appeared first on CaptainAltcoin.

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price xrp however market recovery amid elections

Источник: captainaltcoin.com

price xrp → Результатов: 126


XRP Price Could Hit $6 Sooner Than You Think; Here’s Why

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.

2025-10-23 14:28


Фото:

XRP & HYPE Reach Key Price Levels as BlockDAG’s $0.0016 Countdown Gains Momentum

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.

2025-8-11 20:00


XRP Price Set to Skyrocket to $13? Top Analyst Says Ongoing Rally Won’t Stop If…

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.

2025-7-12 19:15


Ripple XRP Price Set for $40? Top Analyst Explains Why It’s Possible

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.

2025-7-6 18:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How High Cardano (ADA) Price Can Go In December?

Cardano (ADA) has had a rough few weeks, and the selling pressure hasn’t fully settled. Even so, ADA is back in the conversation after several developments around its governance, network stability, and the latest liquidation wave.

Here’s Where MYX Finance (MYX) Price Could Be Headed In December

As the week begins, MYX Finance (MYX) is already showing increased activity amid rising speculation about what comes next. Traders are paying close attention to the project again, especially with talk of a possible Binance listing and renewed interest around the V2 upgrade.