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XRP's (CRYPTO: XRP) has been on an upward trajectory, gaining 6% in the past seven days. This momentum follows growing optimism over Ripple's ETF approval prospects, fueled by the potential withdrawal of the ongoing SEC lawsuit.
XRP is staging a comeback with a current price of $2.47, representing a 27% drop from its $3.40 all-time high. The cryptocurrency commands a market capitalization of $143 billion and recorded a 24-hour trading volume of $3.13 billion within an intraday price range of $2.39 to $2.50.
The price of Ripple-affiliated XRP surged as much as 16% within less than 24 hours after news emerged that the blockchain company's legal brawl with the U.S. Securities and Exchange Commission (SEC) had finally concluded after four long years. The announcement signaled a favorable turn in the regulatory scenario for XRP and the broader crypto market.
Ripple USD stablecoin, RLUSD, has experienced a remarkable 319% surge in trading volume over the past 24 hours, reaching $39.9 million, according to CoinMarketCap data. This surge comes as market participants show growing interest in Ripple's stablecoin offering.
The XRP price has been consolidating for an extended period after its previous rally. However, a crypto analyst warns that the cryptocurrency could face a flash crash in April, potentially driving its price to new lows.
XRP, currently the fourth largest cryptocurrency by market capitalization, has seen a jump in trading activity, with its 24-hour trading volume skyrocketing by 71% to reach $2.98 billion, according to CoinMarketCap data.
"XRP bounced from the weekly support, and is holding its gain," one popular analyst stated.
Short-term charts paint XRP as an uncomfortably unstable and even profoundly disappointing token. Specifically, in a year that should have, thanks to the many positive external developments, led to new and ever-higher highs, XRP is 14.96% in the green.
On March 19, the US SEC officially ended its four-year-long lawsuit against Ripple, sparking a surge in XRP network activity. On the same day, the number of active addresses that traded the token skyrocketed to a year-to-date (YTD) high, reflecting heightened investor interest.
According to a recent report from CoinShares, investments in exchange traded funds focused on digital assets totaled $664 million last week.
XRP is up 3.5% from its values 24 hours ago, up from its weekend low of $2.37, after weeks of consolidating between $2 and $2.2.
XRP and Solana led all altcoin-based exchange-traded product (ETP) inflows during the week ending March 21, according to digital asset investment firm CoinShares.Other altcoin inflows were comparatively modest, with Polygon (MATIC) logging $400,000 and Chainlink (LINK) adding $200,000. Sentiment toward altcoins remained mixed overall, as Ether (ETH) alone saw significant outflows totaling $86 million.
Ripple (XRP) has been on a strong upward trajectory, with analysts predicting it could surge past $4 as regulatory clarity boosts confidence. While XRP continues its climb, savvy investors are scouting the next breakout opportunity, and Mutuum Finance (MUTM), is emerging as a prime performer.
21Shares has introduced three new crypto ETPs on Nasdaq Stockholm, aiming to meet the rising crypto demand in Europe.
The cryptocurrency market has been full of ups and downs, with XRP at the center of attention. On March 19th, XRP saw a 11.32% surge after Ripple's CEO, Brad Garlinghouse, announced that the U.S. Securities and Exchange Commission (SEC) had dropped its appeal against Ripple.
XRP price gained 3% to reach $2.48, with trading volumes rising 66% to $2.9 billion driven by broader market strength and optimism surrounding Ripple's legal case.
Ending a five-week streak of withdrawals, digital asset investment products saw a weekly inflow of $644 million. XRP and Bitcoin dominate the positive sentiment, marking a combined net inflow of $730 million.
In 2017, Ethereum (ETH) skyrocketed from $10 to over $1,400, and Ripple (XRP) surged from $0.006 to $3.92, creating life-changing wealth for early investors. As the crypto market gears up for another bull run, investors are wondering which will be the next altcoin to do so.
Ever since the presidential election in November, XRP (XRP 1.71%) has been on an absolute rocket ship. At its current price of $2.39, XRP is up almost 400% over the past five months.
The market is in a general bullish consolidation, with the XRP price in the spotlight. After a week of volatility, the price of XRP touched a low of $2.20; the tide is now changing in line with the rebound in the coin's trading volume.
Crypto-related exchange-traded products (ETPs) ended their five-week outflow streak, recording strong weekly inflows of $644 million, according to CoinShares' latest report. James Butterfill, Head of Research at CoinShares, noted that the trend reversal reflects a marked improvement in investor sentiment across the digital asset sector.
President Donald Trump's election victory and the subsequent inauguration have shifted risk on markets such as equities and cryptocurrency. While several popular investment vehicles have plummeted, a few others have increased their returns dramatically.
In this article, we analyze three cryptos that are experiencing interesting price movements: CRV (Curve), XRP (Ripple), and TON (Toncoin). CRV is the token of the Curve DAO.
XRP is consolidating around $2.39 after the SEC dropped its lawsuit against Ripple Labs, with analysts giving price targets ranging from $6-$27 in the next two years to $10 by 2030.
