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The XRP (XRP) daily chart registered its lowest candle close in 99 days on March 10. The altcoin dropped below the $2 support level but registered a short-term recovery of 12% on March 11.
Ripple's CTO sets the record straight on XRP infinite mint theories during a heated online squabble with BTC Maxis.
Solana's market capitalization is over $69.11 billion, now trading at about $138.71. With analysts continuously monitoring important resistance and support levels to guide its next action, the bitcoin has shown tenacity over the last months among market swings. XRP, which is now valued at roughly $2.29, has a market capitalization of approximately $129.
Ripple's price has been consolidating in a wide range over the recent month against both USDT and BTC. Yet, the future direction of the market might soon be revealed.
XRP's price has dropped to the crucial $2 support, confirming a head-and-shoulders pattern, signaling a potential macro trend shift with a possible drop to $1.20.
The cryptocurrency market has been under intense pressure, with XRP experiencing significant corrections in recent weeks. Over the last 24 hours, the total market cap has slipped by 4.4%, affecting most major cryptocurrencies. XRP, which has already endured two major downturns this month, is struggling to recover from its recent losses.
XRP may drop to $1 if Bitcoin declines, but experts see Lightchain AI as a safer bet after raising $17.1m in presale. #partnercontent
David Schwartz does not seem too concerned. While Bitcoin takes another dip - down 1.39% in the last 24 hours, 2.74% in the past week - the Ripple CTO and XRPL architect sees a buying opportunity, not a crisis.
XRP (XRP -2.24%) is down 15% during the past 30 days, and it might fall even further. With a trade war kicking in, it's reasonable to expect that digital coins focused on international commerce like XRP could take a severe beating that's only just getting started.
The value of XRP (XRP -2.82%) coin, which came out of Ripple Labs, has skyrocketed over the past three years, surging 324% (as of this writing). XRP's price has risen as more institutions have adopted the Ripple network, which allows for real-time, cross-border payments and currency exchanges.
A recovery or a deeper decline in value could be determined by the market's next action as XRP has reached a critical price level. For weeks the digital asset has been trading in a descending channel, consistently marking lower highs and lower lows, which is a blatant sign of bearish pressure.
The cryptocurrency market does not look impressive right now. In the last 24 hours alone, the market cap has slipped by at least 4.4%. Almost all top cryptos have suffered declines during the same period. XRP is not an exception. It has recorded a drop of 2.3%.
XRP price briefly dropped below $2 yesterday after the crypto market crashed, wiping out nearly $1 billion in total liquidations. Ripple (XRP) has since recovered above $2, but as selling activity remains strong, investors remain anxious about whether now is the right time to buy XRP.
The legal battle between Ripple and the SEC has dragged on for years, but a resolution could finally be in sight. The XRP lawsuit has created growing anxiety within the crypto community, with many fearing a delay in its resolution. Despite the SEC dismissing other crypto cases, there is significant debate over the XRP outcome.
Long-term investors in XRP (XRP -0.95%), sometimes called Ripple after the company that developed it, have endured stomach-churning volatility. Cryptocurrency prices are prone to large swings to begin with, and a lawsuit between XRP's developer and federal regulators has clouded the token's prospect since late 2020.
WhiteRock's XRPL-powered testnet has shown strong performance, drawing attention ahead of its live launch and upcoming AMA on March 11.
As the SEC vs Ripple case has dragged on for years, the community has been anticipating an imminent resolution, fueled by the SEC's recent string of crypto lawsuit dismissals. A glimmer of hope has emerged as lawyer Fred Rispoli unveiled a crucial date that marks a significant turning point for the XRP lawsuit settlement.
Deaton has three reasons why Bitcoin's long-term outlook remains strong, despite market turbulence.
The uncertainly prevailing over the stock markets seems to have negatively impacted the crypto markets, which once were being benefited. This shift in market dynamics seems to be scary, revealing the excess dominance of the institutions over the markets.
The cryptocurrency market, led by Bitcoin (BTC) and Ethereum (ETH), has shed more than $1.3 trillion in valuation since U.S. President took the oath of office for his second term. The crypto market has experienced heightened selling pressure during the past eight weeks amid the mixed fundamentals, especially from the political environment.
XRP, Ripple Labs' native token, is in a crucial make-or-break situation due to bearish market sentiment and a recent price decline. Data from CoinMarketCap shows that XRP has lost over 6% of its value in the past 24 hours and is currently at a critical support level of $1.95.
XRP tumbled 10.51% to $1.9390 by 20:39 (00:39 GMT) on Tuesday, marking its steepest one-day drop since March 3. The decline pushed its market cap down to $117.42 billion, representing 4.59% of the total cryptocurrency market.
XRP price started a fresh recovery wave from the $1.90 zone. The price is now consolidating and might struggle to clear the $2.10 resistance zone.
XRP has been caught in the broader market downturn over the past week, shedding 19% of its value amid a wave of bearish sentiment. This downturn comes despite the fact that many analysts remain optimistic about its long-term prospects.
