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XRP just dipped under the critical $2 level, triggering alarm bells across the market. With key support broken and a wave of outflows dragging prices lower, is this the start of a major crash or just a temporary panic?
Cryptocurrency prices were mixed last week after President Donald Trump announced his reciprocal tariffs and Federal Reserve Chairman Jerome Powell warned about stagflation.
Both assets have actually retraced in the past 24 hours.
XRP moved 275,000 tokens during Bitcoin's stagnation, signaling potential market shift or upcoming sell-offs.
The leading cryptocurrency exchange, Coinbase, is seeking to explore the possibilities of introducing an XRP futures contract to its customer base. In an announcement on X, formerly Twitter, Coinbase derivatives disclosed that it had filed to self-certify XRP-based futures.
XRP holds steady at $2.05, with a market capitalization of $119 billion and a 24-hour trading volume of $1.87 billion. Over the past day, it has fluctuated between $2.05 and $2.16, while the weekly range spans from $1.97 to $2.19.
It's not often that a widely-followed altcoin like XRP enters a stretch of performance so flat and directionless that the only thing really moving is its technical support line — but that is roughly where things stand now, particularly when viewed against Bitcoin.
Blockchain firm Ripple has called on UK policymakers to seize the moment and position the country as a global leader in digital assets.
Ripple's decline has stalled at the critical $2 support level, with price action remaining subdued. This suggests low market activity, leading to a short-term consolidation phase.
XRP becomes notably bullish in the derivatives market.
XRP might be on the verge of a potential price breakout targeting the $3 spot based on its short-term technical setup.
Popular cryptocurrency XRP is on the verge, and this time it's for real. The thing is, after days, if not weeks, of flirting with $2, the price of the third largest cryptocurrency finally seems to be breaking below that coveted mark.
Since XRP is having trouble holding onto its position above important support levels, its recent bullish momentum seems to be waning. Following a positive recovery from $1.95, a level which is also the 200-day EMA (black line on the chart), XRP was able to approach the $2.20-$2.30 resistance zone.
A Korean financial analyst who uses the name XForceGlobal has made bold claims about XRP's future price, stating the cryptocurrency could reach between $10 and $20 in the coming months. The confident prediction comes even as XRP currently trades at $2.07 and the broader cryptocurrency market struggles through a prolonged downtrend.
XRP, the fourth-largest cryptocurrency by market capitalization, is trading at around $2.14, up 3.22% in the last 24 hours, according to CoinMarketCap. Following its dip on April 2, XRP has rebounded, marking its third straight day of gains.
Ripples U.S. dollar-pegged stablecoin, RLUSD, has soared to a $293 million market cap since launching in mid-December 2024, according to CoinMarketCap. The assets 24-hour trading volume sits at $36.12 million, reflecting rapid institutional adoption.
XRP defied broader market pressure on April 5, surging 6% to $2.16, according to TradingView data. The tokens 24-hour trading volume also climbed 15.04% to $4.3 billion, signaling heightened market interest.
The past week was a whirlwind of activity in the cryptocurrency world. From Ripple's concerns about the UK's crypto regulation to Circle's renewed public listing ambitions, and the anticipated Bitcoin price surge, there was no shortage of intriguing developments.
David Schwartz, the chief technology officer at Ripple, recently revealed that he had sold his stocks at a loss on Friday for the purpose of tax-loss harvesting.
The crypto market is under selling pressure in the early Sunday session, and XRP, the fourth-largest cryptocurrency by market cap, is taking a hit.
As a coin that's inextricably linked to the volume of global money transfers, XRP (XRP -2.61%) is in a bit of a pickle at the moment. While it's unclear whether the new package of tariffs announced on April 2 by the Trump administration will actually be put into practice, it is no surprise that the coin's price fell by 8% on April 3.
Ripple (XRP -1.76%) has been a terrific long-term investment. Since 2017, the value of this popular cryptocurrency has risen by more than 1,500%.
XRP, the fourth-largest cryptocurrency by market cap, is heating up as traders go all in, betting on a major price surge. Over 70% of Binance traders are holding long positions, showing strong confidence in XRP's future.
While the crypto market seeks new breath after a dynamic start to the year, XRP is sinking into a bearish spiral. Ripple's asset has already lost more than 35% since its peak in January, and technical indicators point to a possible worsening.
