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An analyst who caught the 2023 crypto bull run early believes that payments altcoin XRP is ready for a new round of rallies. Pseudonymous analyst DonAlt tells his 65,100 YouTube subscribers that he thinks XRP is one of the strongest coins in the market alongside Bitcoin (BTC).
Ripple (XRP) experienced a 4% decline after an anticipated rally lost momentum. The asset had broken above a significant descending trendline, sparking trader optimism.
XRP has witnessed an extraordinary surge in whale activity, with over 1 billion tokens added to large holders' portfolios in just two days. This massive accumulation has fueled speculation about the potential impact on the cryptocurrency's price, market dynamics, and long-term outlook.
Could Ripple's approval in the emirates signal a $500 billion market cap?
In response to a phishing operation especially meant to target users of the cryptocurrency exchange Coinbase, David Schwartz, Chief Technology Officer of Ripple, has issued a warning to the XRP community.
"If you thought the first rally was bullish wait until you see the next," one popular analyst said.
XRP's price has reached a crucial juncture at the $2.60 level, drawing significant attention from both buyers and sellers. This price zone has become a battleground for short sellers, with the possibility of a short squeeze creating substantial risks for those holding bearish positions.
The crypto market saw massive liquidation during early US hours on Monday plunging the global crypto market cap by more than 2% from $3.34 trillion to a low of $3.21 trillion. Investors lost over $130 billion in wealth with Bitcoin (BTC) and Ethereum price approaching key support levels.
The crypto market continues to show signs of volatility at the beginning of 2025. According to the latest analyses, Bitcoin (BTC) and Ethereum (ETH) are displaying downward trends, while Ripple (XRP) seems poised for a new rise.
Analysts and Ripple executives anticipate the approval of a spot-based XRP ETF, potentially marking a significant milestone for the cryptocurrency industry.
Market regulator SEC has two days to file its opening brief in its appeal case vs Ripple, one of multiple potential market disruptors.
XRP Records 11% Rally as Open Interest Doubles to $5 Billion
Leader of the crypto pack, XRP, aims for an extended bull run in 2025. With a flag breakout rally, will XRP price hit a new all-time high?
Following XRP's recent breakout above a crucial descending trendline, traders were expecting a big rally. However, the asset's price is reversing back toward $2.40, suggesting that it is losing steam rather than gaining it.
The performance of the coins LINK, XMR, and XRP.
Ripple (XRP) has been a trending coin for the past few weeks due to its massive rally and unmatched volatility. Ripple CEO Brad Garlinghouse's dinner with President-elect Donald Trump has increased its popularity among crypto investors.
In a notable shift of sentiment, renowned technical analyst and commodities trader Peter Brandt has offered rare praise for XRP, describing the token as the current standout performer among its crypto peers. Brandt posted a daily XRP/USD chart on X (formerly Twitter) on Sunday, proclaiming: “Leader of the pack.
The Bitcoin price has continued recording a neutral price action over the past week. This has resulted in the altcoin market experiencing a similar price trend. With the fear of extreme volatility in the crypto space, top altcoins such as ETH price and Ripple price are prepared to witness significant action this month.
XRP is presently the focus of interest in the cryptocurrency market, with many speculators forecasting a large price increase in the months ahead. As of January 13, 2025, XRP is trading about $2.39, following a significant recovery from a previous slump.
The cryptocurrency market remained range-bound on Monday, with Bitcoin trading within a range of $93K to $96K. Concerns about market conditions are growing due to factors such as FTX liquidations and speculations surrounding a potential US government sell-off of Silk Road-related Bitcoin holdings. The release of stronger-than-expected US jobs data added to the somber sentiments.
With crypto-friendly leadership emerging within the SEC and Congress, crypto legislation is expected to take a more favorable turn in 2025. The approval of spot XRP and Solana ETFs could be one of the first signs of this new era, leading to more relaxed regulatory environments for digital assets and even further mainstream adoption.
XRP price started a fresh surge above the $2.50 level despite pressure on Bitcoin. The price is still showing positive signs and aiming for a fresh increase above the $2.550 resistance.
XRP's price has recently reacted to key support regions, bouncing off important levels multiple times. If the low of the correction is in place, the price could move higher, eventually leading to another corrective phase before advancing further.
XRP, one of the most well-known cryptocurrencies in the market and a vital part of the Ripple blockchain, is facing growing concerns about its future price trajectory. According to popular crypto analyst EGRAG Crypto, XRP may be on the verge of a significant crash — one that could see its value plummet by as much as 74%.
