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Pro-XRP attorney John Deaton has called out the SEC for holding onto the long-awaited IG report on William Hinman's speech on Ethereum for too long.
XRP is trading at $2.11 to $2.13 over the last hour, with a market cap of $123 billion and a 24-hour trading volume of $3.39 billion, fluctuating within a price range of $2.06 to $2.22 as traders navigate a volatile market driven by conflicting technical signals.
The storm is rumbling in the crypto market. This Saturday, the charts display an alarming red: bitcoin plunges below $84,000, Ethereum wavers around $1,880, and XRP crashes by 5%.
XRP is under heavy selling pressure, down more than 5% in the last 24 hours and over 12% in the past seven days. The recent downturn has been accompanied by increasingly bearish technical indicators, including a sharp spike in trend strength and a collapse in on-chain activity.
Cryptocurrency trader and analyst Ali Martinez is leaning bullish on an altcoin that's less than two months old while unveiling his forecast for XRP (XRP) and Sui (SUI).
XRP, currently the fourth largest cryptocurrency, has seen increased trading activity, with its 24-hour trading volume exceeding $4.18 billion, according to CoinMarketCap.
A veteran trader, considered by many to be a legend in the field, Peter Brandt, who has been in the financial market since the 1970s, is no snob when it comes to looking at the charts of the newest class of assets, cryptocurrencies.
XRP is close to breaking below $2, which could send it to $1.2.
XRP is witnessing massive volatility, with its price nosediving from $2.22 to $2.10 within the last 24 hours. Despite this development, XRP holders remain bullish, as reflected in the over 1 billion XRP committed to open interest within the same time frame.
The recent XRP price glitch on live American TV has created ripples in the crypto community. In an episode of “American Sunrise Early Edition” on Real America's Voice, the value of XRP soared to a staggering $21,355, marking a 961,936% uptick from its actual price at the moment.
XRP price continues to record a steady downtrend after falling by more than 4% in the last 24 hours. Despite this decline, Ripple continues to defend the critical support level at $2.
As an investment, XRP (XRP -5.23%) does not really need to compete in every flashy new category within cryptocurrency to pay off for its holders. Rather than spreading thin, its tight focus on providing fast, inexpensive, and legally compliant money transfers for financial institutions means that it can expect to continue growing so long as there are potential users that are still processing their transfers in slower or more expensive ways.
XRP (XRP -5.48%) and Shiba Inu (SHIB -2.76%) went in opposite directions during the past 12 months. XRP, the native cryptocurrency of the Ripple blockchain, surged about 280% as it overcame its biggest regulatory challenges.
Recent developments in the XRP lawsuit, coupled with the SEC's increasingly favorable stance, have sparked speculation about an imminent settlement in the Ripple case. Although experts are divided on the likelihood of a swift dismissal, a prevailing view is that the case is unlikely to drag on beyond two months.
After failing to regain a bullish outlook on Friday during the Western financial markets, the crypto market continued to record bearish sentiment on Saturday during the early Asian trading session. The total crypto market cap dropped nearly 5 percent in the past 24 hours to hover about $2.813 trillion at the time of this writing.
Story Highlights: XRP Price Today: It is presently changing hands at $2.14, with a drop of 5.51% since the previous day. XRP News: XRP holders await a closure date of the Ripple vs SEC lawsuit, and approval of ETFs, as Paul Atkins calls for a supportive framework for the cryptocurrencies.
In a bold call for transparency, pro-XRP attorney John Deaton urges the US Securities and Exchange Commission (SEC) to provide clarity over Bill Hinman's controversial speech. Deaton pushes the regulator to release the long-awaited Inspector General (IG) report on Hinman's “Ether Speech.
Peter Brandt, a veteran market analyst, has identified a pattern in XRP's price chart called a head and shoulders top. This is a bearish pattern usually that signals an imminent downtrend. He suggests that the price will drop, potentially reaching its lowest point from November 2024, unless the coin makes a strong recovery.
XRP's price has taken a hit recently, and it's not just XRP—Ethereum, Dogecoin, and Bitcoin are all down too. Bitcoin is struggling to hold the $85,000 mark, which is a key support level. So, what's causing this sell-off? A few key factors are at play.
XRP and BTC tumble as US tariffs and inflation rattle markets. SEC delays and macro risks drive cautious sentiment across crypto assets.
XRP is under heavy selling pressure after dropping nearly 6% in a sharp daily move, falling below key support levels and currently trading around $2.20. This decline brings the crucial $2.00 psychological level into focus, a zone that could determine the next direction for XRP.
The XRP price is gearing up for another bullish move upward, as a crypto analyst has predicted a 20% surge in the near future. This optimistic forecast is backed by the formation of a key technical pattern called the Golden Pocket and indicators including strong support levels and a critical resistance zone.
Ethereum price tumbled below the $1,890 mark on Friday, emerging as the second-largest loser among the top 10 ranked assets behind XRP. Bulls Surrender Gains as Ethereum (ETH) Tumbles Below $1,900 Earlier this week, Ethereum (ETH) had achieved notable gains, testing the $2,100 level on Wednesday.
After losing almost 6% in a dramatic daily move, XRP fell below an important support levels and entered a critical zone. It is currently trading at about $2.20.
