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XRP/USD experienced a slight pullback following a significant sell-off, reaching a high of $0.51342 and currently trading around $0.51365. Recent Developments In October and November 2024, Ripple (XRP) saw notable whale activity.
XRPs price surged past $0.50 today, driven by a bullish divergence on the Relative Strength Index (RSI), marking a pivotal movement that could define its next trajectory. Traders are eyeing resistance near the 50-day moving average, with the potential for further gains if bullish momentum holds.
The XRP price has remained under pressure this month after it emerged that Chris Larsen, Ripple's co-founder, was funding Kamala Harris for president. Ripple was trading at $0.50, a few points above $0.
Crypto jitters: Warren vs. Deaton showdown and US presidential election fuel XRP, BTC price volatility.
The Pipeline Flow Model, a unique market valuation approach, suggests that XRP's fair market value could reach as high as $3,541. This valuation is supported by several industry experts and XRP advocates who believe the cryptocurrency is currently trading well below its intrinsic worth.
XRP has been stuck in a downward trend since the end of October and is finding it difficult to pick up steam. The chart displays a distinct downward trendline that has served as a barrier that XRP has been unable to overcome.
The cryptocurrency market enters a new phase, analyst Steph has shared an optimistic outlook for XRP, highlighting its potential for significant price movement. Despite the current bull season lasting over a year, XRP has remained stagnant within a narrow price range.
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
A gigantic XRP whale has emerged following a substantial transfer of 104 million XRP, valued at around $56 million. This transaction, highlighted by blockchain tracking tool Whale Alert, saw 104,035,551 XRP moved from an unidentified wallet to a newly created one.
XRP opened the week on a positive note, trading at $0.51 with a modest 1.68% gain in the last 24 hours, according to CoinMarketCap data.
As the crypto market potentially prepares for a new bull run, investors are closely examining projects that offer exceptional performance as well as solid and innovative use cases. In this volatile universe, cryptocurrencies like Solana (SOL), Cardano (ADA), and XRP could stand out, as they combine speed, scalability, and adoption in the financial sector.
Bitcoin price trades below $70,000 as traders derisk ahead of the election. Will altcoins follow this trend or take advantage of BTC's consolidation?
John Deaton, Managing Partner at Deaton Law Firm and a candidate for the Massachusetts Senate, recently shared his thoughts on SEC Chair Gary Gensler's comments about cryptocurrency regulation. In a previous interview, Gensler had stated that enforcement actions against crypto leaders, including Sam Bankman-Fried, are necessary to build trust in the sector and protect investors.
Buyers are back in the game at the beginning of the week, according to CoinStats.
Today, the price of XRP rose more than 1.3%, once again trading above the 50-cent-per-token mark, which is considered an important psychological and analytical level. Interestingly, the rise in the price of the popular cryptocurrency, which ranks seventh in capitalization, was preceded by a bullish divergence in the RSI indicator.
Ripple's XRP has maintained a downward trend since early October. This decline began after the US Securities and Exchange Commission (SEC) announced it would appeal a federal judge's ruling in its case against the payments service provider.
The cryptocurrency market is reacting to the upcoming US Presidential election after more than $288M was liquidated within 24 hours per Coinglass. Out of these liquidations, $142M were long, while $86M were short.
XRP, the seventh largest cryptocurrency by market cap, has seen an increase in trading volumes, skyrocketing by 54% as the cryptocurrency market aims to recover after a $225 million sell-off.
John Deaton, Managing Partner at Deaton Law Firm and a Senate candidate for Massachusetts, has been a vocal critic of the U.S. Securities and Exchange Commission (SEC).
XRP has struggled to move toward the $1 mark for years, with the token predominantly consolidating below $0.60. The asset has generally failed to keep up with peers such as Bitcoin (BTC).
The XRP price has risen by 0.5% in the past 24 hours, with its move to $0.5068 coming after Ripple announced a new oracle integration for XRP Ledger. The post XRP Ledger's New Feature Could Send XRP Price Soaring – How High Can It Go? appeared first on Cryptonews.
Return to our section on prices and news in the crypto world, the assets featured today are: Ripple (XRP), Cardano (ADA), and Toncoin (TON).
As cryptocurrency markets are losing steam after the bullish completion of "Uptober," some veteran cryptocurrencies are performing surprisingly well. By contrast, popular new meme coins like Popcat (POPCAT) are in red.
Crypto analyst known as “StephIsCrypto” has made a bold prediction regarding the future of XRP, suggesting that the cryptocurrency may be on the verge of a significant price surge. This optimism is rooted in the rising global liquidity and specific technical indicators that signal a potential breakout for XRP.
