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Ripple (XRP) price has stabilized at the $2.40 mark over the last two days, with traders closely watching key on-chain indicators for signs of a breakout. Data from CryptoQuant shows that XRP network transactions have surged by 12% since the broader crypto market sell-off subsided on February 6.
XRP has been hovering around the crucial $2.40 level, showing some positive movement as it attempts to break through this key resistance. Although it has seen a slight upward shift, currently sitting above the $2.40 mark, the price movement remains minimal, making it difficult to gauge any significant trend change at this point.
XRP has continuously displayed bullish signals; market analysts predict the coin will rise to $22 in early 2025, almost 784% from the current price.
A new update might help XRP's network and price action in the long term.
Data shared by the Ripple Stablecoin Tracker account on the X social media network (@RL_Tracker) has shared that over the past 12 hours, San Francisco-based blockchain behemoth has minted almost 10,000,000 Ripple USD stablecoins (RLUSD).
Receipts Depositary Corp. (RDC), a startup founded by former Citigroup executives, plans to launch XRP-backed securities, according to CoinDesk. The move will allow institutions to access XRP through U.S.-regulated market infrastructure.
Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them.
As XRP experiences sustained short-term losses, whale investment trends indicate confidence in the token as it seeks to reclaim the $3 resistance.
Ripple is about to give qualified investors a new way to get their hands on XRP without ever logging into a crypto exchange. According to Fox Business journalist Eleanor Terrett, the company plans to launch XRP depository receipts (DRs) through Receipts Depositary Corporation (RDC) and Digital Wealth Partners (DWP).
With XRP's (XRP -2.70%) price rising by 256% in the last three years alone, it's a bit surprising that there's still a trickle of substantive new reasons to buy it.
Canary Capital CEO Steven McClurg said his firm has no plans to offer a Dogecoin ETF, despite expectations of potential approvals this year.
XRP trading volume on Coinbase has skyrocketed, increasing by a staggering 9,640% in just 24 hours. According to CoinGlass data, XRP trading volume on the exchange increased to $438 million as traders capitalized on recent price movements.
XRP Ledger (XRPL) is set to introduce a groundbreaking feature that will bring lightweight identity verification to the network.
A crypto strategist known for making timely Bitcoin (BTC) and altcoin calls believes XRP will soon print new all-time highs if one key condition is met. Pseudonymous analyst DonAlt tells his 646,600 followers on the social media platform X that XRP may soar past $3.
On Feb. 8, 2025, XRP traded at $2.41, boasting a $139 billion valuation, $7 billion in daily trade volume, and an intraday fluctuation between $2.35 and $2.53. XRP The hourly view reveals XRP oscillating between $2.30 and $2.40, crafting a series of ascending troughs that foreshadow a breakout. A hurdle at $2.
XRP, Ripple Labs' native token, is garnering massive attention from crypto enthusiasts and is poised for a significant upside rally following the formation of bullish price action. In addition to this bullish outlook, today, February 8, 2025, a prominent crypto expert posted on X (formerly Twitter) that XRP appears poised for a rebound.
Ripple price remains in a deep bear market as the softness in the crypto industry continued this week. Ripple (XRP) has dropped by 30% from its January high, erasing most of the gains made earlier this year.
John Deaton, XRP holders' lawyer in the legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), has called out Bill Hinman, the agency's former Director of the Division of Corporation Finance. The callout hinges on how he has continued to gaslight the XRP ruling that states that the retail trading of the coin on secondary platforms is not a security.
Major asset managers are now vying to introduce the first spot XRP exchange-traded funds (ETFs) in the U.S. in the wake of Bitcoin and Ether's approvals in 2024.
XRP Depository Receipts (DRs) will soon launch, allowing accredited investors to access XRP through regulated financial products. Anchorage Digital will custody XRP DRs, ensuring compliance under the U.S. Office of the Comptroller of the Currency (OCC).
The difference is actually quite smaller between the two now, compared to December, 2024.
XRP has faced a sharp decline, tumbling 26% in just four days and landing at a critical support level of $2.17. The sudden drop has left traders questioning whether this is a temporary correction or the start of a deeper downtrend.
XRP has faced increasing selling pressure as bearish market conditions have pushed the altcoin to a monthly low. Investors looking for a recovery may be disappointed, as the altcoin remains vulnerable to further declines.
The talk about Ripple's (XRP) to be involved in the U.S. digital reserve is getting everyone excited! Pro-XRP lawyer Fred Rispoli made an interesting statement about the inclusion of XRP. He outlined the target for XRP to reach if it needs to qualify for the race of US reserve.
