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Ripple's CEO praised the Trump administration's embrace of crypto, highlighting support for regulatory clarity, crypto reserves, and digital asset innovation backed by U.S. Treasuries.
Recent data shows a 730 million XRP outflow from the network's payment volume, which has greatly hampered XRP's price recovery. The asset's capacity to sustain upward momentum is called into question by this drop in transactional activity, which indicates waning investor confidence.
Ripple (XRP) price stabilized above the $2.10 mark on March 9 as the broader crypto market experienced renewed selling pressure following the latest U.S. Non-Farm Payrolls (NFP) report. The latest XRP liquidation data reveals a crucial bearish leverage cluster that could determine the next major price move.
Bitcoin's valuation persists in its downward trajectory, briefly grazing an intraday low of $82,201 per coin amid a 4.4% depreciation against the U.S. dollar within 24 hours. Among the top ten cryptocurrencies by market capitalization, dogecoin (DOGE) distinguished itself as the most pronounced decliner, surrendering 12.8% of its worth.
Pro XRP lawyer John Deaton wants financial advisors to push their clients toward cryptocurrency accumulations. Deaton cites a fast-changing regulatory landscape and rising institutional investment as potential reasons for prices to spike after the crypto market crash.
For several days now, the crypto market has been in turmoil. With 1.43 billion XRP traded in just 24 hours, investors are questioning: simple market movement or signs of a radical change?
The price of the third largest cryptocurrency right now, XRP, may be poised for a rather painful decline, to say the least. With all the wild price swings of the past few months, what has emerged on the price chart of XRP can be seen as nothing less than a head and shoulders pattern.
Volatility Shares, an asset manager known for innovative ETFs, has filed for three XRP-focused exchange-traded funds: a spot XRP ETF, a 2x leveraged XRP ETF, and an inverse -1x XRP ETF. The spot XRP ETF is designed to track XRPs market price, while the leveraged version amplifies daily price movements by 2x.
Bitcoin, XRP, and Cardano have shed their gains from last week's Trump "reserve" pump, while Dogecoin continues to lose ground.
XRP is currently trading at $2.23, with a market capitalization of $129 billion and a 24-hour trading volume of $2.8 billion, fluctuating within an intraday range of $2.21 to $2.36 as price action remains under significant selling pressure across multiple timeframes.
XRP traded relatively flat on Wednesday, following a sharp rebound on Tuesday, fueled by President Donald Trump's proposal for a U.S. strategic crypto reserve that includes XRP. The announcement on Sunday triggered a nearly 40% surge in XRP's price within a single day.
Prominent cryptocurrency analyst, Ali Martinez, has shared a bullish outlook for XRP, suggesting the token could hit an all-time high of $5.
Riot Platforms' research head Pierre Rochard has asserted that XRP is not a security despite many critics of the controversial Ripple-promoted coin claiming it is.
A substantial obstacle has been faced by XRP's price recovery, as new data indicates a startling 730 million XRP outflow from the network's payment volume. Investor confidence may be eroding, as indicated by the drop in transactional activity, raising concerns about the asset's capacity to sustain its upward trajectory.
The past week in the crypto world was dominated by President Donald Trump's announcement of a strategic U.S. cryptocurrency reserve. The move has sparked a flurry of reactions, with some questioning the inclusion of certain digital currencies and others calling for a Congressional investigation.
Donald Trump's crypto czar has said the U.S. Treasury will be working to “maximize the value” of the bitcoin and other cryptocurrencies held by the U.S.
Crypto expert Dark Defender predicted that the XRP price could rally to $280, providing a bullish outlook for the crypto. The expert alluded to XRP's historical performance as to why the coin could reach such an ambitious price target.
XRP, the fourth largest cryptocurrency by market capitalization, recently showed a notable technical signal — a death cross on its hourly chart — which many traders deem a sign of bearish momentum. This pattern, which occurs when a short-term moving average dips below a longer-term moving average, has emerged in the present market uncertainty.
The price of XRP has recorded a significant downtrend in the last 24 hours, declining by almost 5% according to data from CoinMarketCap. Amidst this price fall, renowned market analyst Ali Martinez has stated there is a strong bearish pattern forming on the XRP price chart signaling further price drops ahead.
Volatility Shares, a firm that is focused on the development of innovative leveraged exchange-traded funds (ETFs), has proposed three new XRP products.
David Schwartz, chief technology officer at enterprise blockchain company Ripple, has already commented on a recently discovered Bluetooth vulnerability affecting close to a billion devices.
For the past four months, XRP (XRP -1.22%) has easily been one of the top performers in the crypto market. Over that time period, XRP is up a staggering 400% and was recently trading around $2.50.
The price of XRP is facing increasing technical and fundamental pressure, indicating a major decline of 20% in the very near future. Three decisive factors are clearly emerging, and the future of XRP may already be sealed.
