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Ripple CTO David Schwartz has weighed in on the ongoing discussion on X about Bitcoin (BTC), Ethereum (ETH) and the XRP Ledger (XRPL), highlighting the technical advantages of XRPL's transaction model over Bitcoin.
The digital currency market has witnessed fear, uncertainty and doubt (FUD). This was followed the Bybit hack, which caused volatility in the cryptocurrency space.
Last week's digital asset investment products saw Bitcoin investments taking a major hit amid macro uncertainty, inflation, and monetary policy, as well as uncertainty around trade tariffs from US President Donald Trump. As a result of this, the BTC short positions have also piled up significantly during the last week.
XRP is currently trading between $2.42 and $2.44, with a market capitalization of $141 billion and a 24-hour trade volume of $4.29 billion, fluctuating within an intraday range of $2.42 to $2.59. XRP XRP's one-hour chart reflects short-term bearish momentum, with the digital asset forming lower lows and struggling to break above resistance at $2.5.
XRP is facing a sharp downturn, with seven out of eight key on-chain metrics showing significant declines. While the asset has demonstrated resilience in the past, the current state of the XRP network raises concerns among investors and analysts alike.
A new week has started with the market's fall, according to CoinMarketCap.
XRP has declined by 4% in the past 24 hours, yet its indicators are suggesting that it a rebound should be coming very soon. The post XRP on the Verge of a Big Move – Is a Breakout Toward $3 Incoming? appeared first on Cryptonews.
The S&P 500 index crashed on Friday, and technicals point to further downtrend this week. It dropped by 104 points on Friday, its worst daily performance this year.
Armando Pantoja, a well-known figure in the XRP community, has shared his optimistic view on the potential of XRP, suggesting the cryptocurrency could soon surpass $100. Pantoja, speaking on the ongoing transformation in the global financial systems, believes XRP will play a crucial role in this revolution, driven by innovations in financial technology.
Legal expert Jeremy Hogan has predicted that the Ripple vs. SEC saga could end in the first half of this year.
With bearish volatility stirring most altcoins to new monthly lows, the price action of XRP has remained in the spotlight. Over the past 24 hours, the top coin had about a 170% liquidation imbalance as long traders were stunned as the rebound failed.
XRP continues to hold firm above the $2 support level, maintaining investor interest even as the broader cryptocurrency market trends downward.
Global crypto investment products experienced a second straight week of capital outflows, with investors pulling $508 million amid growing economic concerns, according to CoinShares' latest weekly report. Over the past two weeks, total outflows have reached $924 million.
The expansion significantly broadens trading options for users, reflecting a friendlier regulatory environment in the U.S.
A recent post by a well-known member of the XRP community has fueled confusion by citing an outdated document from Ripple, the company behind the XRP Ledger. The post, which was shared on February 23, 2025, by a user named “Xaif,” claimed that Ripple had stated it would retain 25% of the XRP supply.
The crypto market remained relatively muted over the weekend as markets steadied themselves after the Bybit hack. Bitcoin (BTC) hovered around $96,000 after falling from a peak of $99,411 to $95,063 before marginally recovering and moving to its current level.
The SEC's unexpected decision to drop its lawsuit against Coinbase has sparked speculation that Ripple's legal battle may also see an early resolution.
The XRP whales appear to be offloading their holdings amid the recent price dip of nearly 3% today. Notably, these latest dumps have added pressure over Ripple's native asset while dampening the broader market sentiments despite the recent positive developments.
As the US Securities and Exchange Commission (SEC) repeatedly acknowledges XRP ETFs, anticipations build for a potential conclusion to the Ripple Vs SEC case. Amidst the SEC's endeavor to establish a crypto-friendly regulatory atmosphere in the country, experts foresee an imminent XRP lawsuit settlement.
Since the beginning of February, the relative balance between buying and selling pressure has kept XRP within a narrow price range. It has faced significant resistance at $2.76 and found bullish support at $2.30
The crypto market saw further selling pressure at the start of Monday's trading session, as traders considered recent events from the weekend. Bitcoin and most crypto assets are in the red, continuing Sunday's sell-off.
Insight from OpenAI's artificial intelligence (AI) model, ChatGPT-4o, projects that XRP might still trade above the crucial $1 mark in a worst-case scenario at the end of this year.
It is a new week, but the attention remains on what it was on at the end of the previous one - the second largest offshore crypto exchange in the world, ByBit. If you are not familiar with it - which seems nearly impossible judging by the scale of the news - the exchange was "hacked" for a sum in assets equivalent to about $1.5 billion.
Crypto investment products saw $508 million in outflows, while XRP led altcoin inflows with $38.3 million, driven by optimism over its SEC case and potential ETF approval. The post Crypto Products See $508M Outflows, XRP Leads Altcoin Inflows appeared first on Cryptonews.
