XRP whales load up on 60 million tokens — is $3.3 next?
XRP was one of the main beneficiaries of the cryptocurrency market bull run that began in November — however, its upward trajectory seems to have stalled out as of late.
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XRP was one of the main beneficiaries of the cryptocurrency market bull run that began in November — however, its upward trajectory seems to have stalled out as of late.
Deaton challenges the notion that XRP is a security, highlighting its decentralized structure and legal arguments under the Howey Test.
The crypto market continues to break one bottom after another. Scam token launches from presidents, the failure of Bitcoin (BTC) as an asset with a six-digit price figure and now the first major outflows from cryptocurrency-oriented investment products.
Amid the ongoing market uncertainty, XRP, the native token of Ripple Labs, appears to be gaining significant attention from crypto enthusiasts following the formation of bullish price action.
The latest weekly data from CoinShares reveal a staggering $415 million outflow in digital asset investment fund following 19 consecutive weeks of capital inflow. Interestingly, XRP secured significant inflows, overpowering key players like Bitcoin and Ethereum.
On Monday morning between 8 a.m. and 9 a.m. Eastern Time, XRP is trading at $2.68, with a market capitalization of $154 billion and a 24‑hour intraday price range from $2.64 to $2.76. The asset's modest 24‑hour trade volume of $3.75 underscores cautious market participation as traders assess its near-term momentum.
Today, with the closure of the USA market on the occasion of President's Day, the price of Solana (SOL) and XRP records negative performances.
XRP price has lost momentum lately as crypto investors have remained in the sidelines, with Bitcoin struggling to move above $100,000. Nonetheless, one crypto market veteran believes that the Ripple (XRP) price may soon surge to new highs if it completes the formation of a cup and handle pattern.
The lawsuit between Ripple and the SEC began in 2020 and continues to raise doubts within the crypto community. Is this merely a legal battle over regulation, or is there a hidden motive behind the actions of the Securities and Exchange Commission?
XRP has been making attempts to break through a potentially bearish pattern, which, if successfully navigated, could set the stage for a new all-time high (ATH).
XRP's latest pullback has possibly produced a classic bullish continuation structure on the price chart, with a profit target above $3.00.
A popular crypto pundit is leaning bullish on the XRP cryptocurrency. Davinci Jeremie has predicted that the price of XRP could see a monster move to the mythical $24 milestone in the next bull market cycle.
The security status of XRP is under fresh scrutiny again as Jason McCabe Calacanis from the All-In Podcast stirred conversation on X. According to Jason, the fact that XRP is a centrally controlled security is no longer a question for anyone.
XRP, the native cryptocurrency of Ripple, has recently seen some price fluctuations, slipping more than 4% and falling below the key support level of $2.7. Despite this, many investors are still optimistic about its future.
Crypto markets fell with XRP and SOL leading declines among major cryptocurrencies.
XRP News: Pro-XRP lawyer John Deaton has fired back at renowned investor Jason over his claim that the asset is a centralized security. Jason's remarks have sparked intense debate, with many in the crypto community questioning his stance.
XRP maintains a strong position above $2.60 with technical indicators suggesting potential for further upward movement, while key resistance levels at $2.750 and $2.840 remain crucial for determining the next major price movement.
XRP price gained 12 percent last week to trade at about $2.68 on Monday, thus overtaking Tether's USDT in market valuation.
In a striking set of comments posted on X, angel investor Jason McCabe Calacanis—best known for backing over 300 startups including Uber and Robinhood—characterized XRP as “a centrally controlled security,” igniting a swift and pointed response from the cryptocurrency's community of supporters.
XRP's price has slipped 4% in the past 24 hours, falling below the crucial support level of $2.65. Source: CoinMarketCap This downturn has sparked concerns about further declines, especially after the cryptocurrency recently surged past $2.80, raising hopes of a potential rally toward $3.
It may even prove impossible for Ethereum and Ripple to attain a market cap of 1 trillion dollars. Both have seen remarkable increases, but maintaining pace and luring new investment still prove difficult. At the time of writing, Ethereum is priced at $2,974.
As XRP finds it difficult to sustain its upward momentum, its recent rally is slowly becoming a fakeout. The recent breach of significant resistance levels by XRP raises questions regarding the sustainability of its upward trajectory due to bulls' lack of follow-through.
XRP, Solana, and Dogecoin are forming key technical patterns that could dictate their next moves. While XRP and DOGE show bullish potential, Solana faces bearish risks.
XRP has been making headlines after gaining 18% in the past week, reaching $2.75 before facing resistance near $2.80. The surge has excited traders, raising hopes that the cryptocurrency could be on the verge of a major breakout.