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XRP's price action has been a rollercoaster lately, with the asset showing impressive gains followed by sharp pullbacks. After surging over 5% to an intraday high of $3.2137 on the back of Ripple's latest licensing developments, the altcoin struggled to maintain its bullish momentum, giving up most of the gains by the end of the day.
Bitcoin's volatility is likely to pick up following Fed Chair Jerome Powell's comments, but the potential direction of the price move remains elusive to most traders.
The Fed is expected to announce its rate cut decision later this Wednesday.
Crypto analyst Egrag Crypto has provided an ultra-bullish outlook for the XRP price. The analyst revealed how XRP could flip the Ethereum price to become the second-largest crypto by market cap, behind Bitcoin.
Monetary tensions are intensifying as the BRICS accelerate their quest for independence from the US dollar. This dynamic is upending global economic strategies and prompting major powers to rethink their financial reserves.
XRP is showing signs of a potential breakout, as it recently pushed past the median of its Bollinger Bands on the daily time frame, now sitting at $3.067. This development is an interesting signal.
TL;DR Brad Garlinghouse discussed with Trump the possible inclusion of Ripple (XRP) in the U.S. strategic reserve. Despite the announcement, XRP dropped 3.4% in the last 24 hours, with a 40% decline in trading volume. The market has yet to react to these discussions, waiting for concrete actions instead of statements.
Chinese AI company DeepSeek faces privacy concerns, prompting reactions from XRP lawyers, US officials, and tech industry leaders.
Stuart Alderoty, Ripple's Chief Legal Officer, has expressed optimism that the future leadership of the U.S. Securities and Exchange Commission (SEC) could shift the trajectory of the company's ongoing legal battle.
On-chain analytics provider Santiment data published its January report, looking back at the performance of major cryptocurrencies like Bitcoin (CRYPTO: BTC), Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP). What Happened: January brought extreme volatility to crypto, largely fueled by the inauguration of Donald Trump as the 47th U.S. president.
Ripple's price has been rallying higher over the past few months, and this is true against both USDT and BTC. Yet, as the technical charts suggest, XRP could rise even higher in the near future.
In a key development that has caught the attention of XRP fans, the Ripple suit seemingly vanished from the U.S. Securities and Exchange Commission's website.
SEC's removal of the Ripple lawsuit info sparks speculation that it may be dismissed, fueling optimism in the crypto community.
Right now, the spot exchange needs to handle the buying activity well to prevent a price collapse.
Ripple is aiming for broader adoption of RLUSD by targeting major exchanges like Coinbase, Binance, and Bybit, despite facing technical and regulatory challenges.
A new Ripple USD (RLUSD) reserves report has been revealed by BPM. The report focuses on Ripple's subsidiary, Standard Custody & Trust Company, which is responsible for the completeness, accuracy and validity of RLUSD reserves until Dec. 31, 2024.
Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token's recent momentum. While most altcoins have suffered double-digit losses in recent days, the XRP price has held up exceptionally well.
Jacob Canfield, seasoned trader and analyst, shares his thoughts on XRP's price performance in the short term. The Ripple-linked cryptocurrency is “unironically” among his altcoin picks right now.
Analysts in the cryptocurrency market project 2025 industry predictions will ride on Bitcoin alongside Ethereum, XRP and Ozak AI.
"It's still there, and nothing new has been filled," one popular attorney said.
Margex, a well-known crypto trading platform, has announced its support for Ripple's RLUSD stablecoin. This addition allows traders to use RLUSD as collateral when trading various crypto pairs. The move aims to provide users with more secure and efficient trading options, reinforcing Margex's commitment to innovation and accessibility in the crypto market.
Amid all the pro-crypto optimism surrounding the Trump administration, the price of XRP (XRP -3.03%) has absolutely skyrocketed. It's now up 450% since the election.
Ripple (XRP) has long been a dominant player in the cryptocurrency market, revolutionizing cross-border payments and establishing itself as a leader in blockchain-based financial solutions.
XRP enthusiasts are eagerly awaiting Ripple's XRP Community Day, which kicks off today with a virtual global event. Early signals suggest that Ripple has big plans for the XRP ecosystem, and the excitement is palpable.
