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The crypto market started the yearly trade with a massive bullish push that helped the XRP price reclaim its levels not visited in the past 7 years, surpassing $3.3. However, the crypto markets are facing major turbulence, due to which the XRP price is plunging hard after losing the key support at $3.
The fact that XRP has dropped below the crucial $3 threshold indicates a change in its recent upward trend. If this breakdown does not happen right away, it might lead to more declines.
Over the last 24 hours, the majority of the top 10 cryptocurrencies have experienced notable price declines, with some seeing drops as high as 12%. Bitcoin (BTC) fell by 5.84%, dipping to $98,809, while Ethereum (ETH) saw a 7.85% drop, reaching $3,077. XRP also experienced a 10% decline, falling to $2.82.
In a fiery statement, Mallers accused Ripple of “undermining American prosperity and freedom.” He claims Ripple is spending millions to block a U.S. Bitcoin reserve.
The cryptocurrency market has experienced a strong bearish pullback today dropping 6.73%. Reportedly, the market has experienced liquidations of over $28 billion, making this the highest fall since the U.S. election in 2024. Following this, the Bitcoin price has plunged below the $100k mark, indicating a bearish outlook.
XRP has recently been showing signs of a shifting market dynamic, with both aggressive sell-offs and increased buy orders. This combination of whale activity and retail investor participation signals that XRP could be on the brink of either a breakout or a correction, with the key resistance level set at $3.20.
The cryptocurrency business has entered a corrective phase, mirroring the U.S. stock market hit by DeepSeek Chinese AI startup. Successively, the market cap has slipped 5.11% to $3.43 trillion in the past 24 hours. Meanwhile, trading volumes surged by 38.17% to $112.29 billion, indicating active participation amid volatility.
Traders of BTC-tracked products lost $238 million in the past 24 hours, majorly in early European and Asian afternoon hours.
Meanwhile, most crypto analysts remain highly bullish for XRP.
The cryptocurrency market records a liquidation of over $613 million in 24 hours with Bitcoin price struggling to hold its value above the $100k mark. Further, the XRP price has dropped below $3 by dropping over 6% in 24 hours.
XRP price has currently dipped below the crucial $3 mark and is now trading at $2.90 levels. The price is down by more than seven percent in the last 24 hours. XRP's price action suggests the completion of a triangle pattern, which has now broken to the downside.
On January 27, the cryptocurrency market was gripped by the bears, as investors exhibited caution ahead of the FOMC meeting scheduled for January 29. The global crypto market cap crashed by over 5% to $3.43 trillion.
XRP price struggled to continue higher above the $3.20 level. The price dipped below $3.00 and is currently attempting to start a recovery wave.
The legal battle between Ripple and the SEC continues to be one of the most closely watched in the crypto world. Recently, Ripple requested a deadline of April 16, 2025, to respond to the SEC's appeal. This could mean a prolonged period of uncertainty for XRP, but Ripple is standing firm.
A new meme coin called Bitcoin Maxi Tears (BMT) has launched on the XRP Ledger (XRPL), playfully poking fun at the rivalry between Bitcoin Maximalists and the rising XRP community.
XRP and BTC at Regulatory Crossroads: XRP battles SEC appeal uncertainty, while Bitcoin eyes a Strategic Reserve. Markets await clarity to guide sentiment.
XRP has been seeing whale sell-off, but a flip of $2.90 could see another trend emerge.
Cryptocurrency analysts and advocates suggest adding tokens like XRP to a crypto stockpile as the U.S. administration under Trump signals support for digital assets.
The launch of the TRUMP token on Friday has sparked debate in the crypto community, with some Ripple supporters suggesting it could influence the ongoing legal battle between Ripple Labs and the SEC.
XRP is presently priced at $3.13, commanding a market capitalization of $180 billion and a 24-hour trading volume of $2.53 billion. Its intraday price movement has fluctuated narrowly within the bounds of $3.11 and $3.14, reflecting measured activity.
Billionaire and CEO of Morgan Creek Capital Management, Mark Yusko, has expressed optimism on the future of crypto assets like XRP and Cardano (ADA) in U.S. monetary policy.
Ripple CEO Brad Garlinghouse has taken to social media to react to the rapidly escalating feud between Bitcoiners and XRP fans.
XRP has been making headlines lately, with cryptocurrency expert and attorney John Deaton sharing a bold prediction. In a recent interview with Thinking Crypto, Deaton suggested that XRP, the third-largest cryptocurrency by market cap, could soon surpass Ethereum (ETH) in value.
Ripple has reclaimed significant resistance levels, surging above the $3 psychological threshold. While the price exhibits strong bullish momentum, mixed signals in market indicators suggest a potential corrective phase may precede further upward movement.
