XRPs price recovery is facing serious challenges following a massive 730 million token outflow from the networks payment volume. This sharp decline in transactional activity has cast doubt on the assets ability to sustain upward momentum, reflecting waning investor confidence.
XRP saw a sharp decline on Sunday, falling 10.28% to $2.1065 by 13:57 (17:57 GMT) on the Investing.com Index. This marks its steepest one-day drop since March 3, pushing its market cap down to $124.75 billion, or 4.62% of the total cryptocurrency market.
The global crypto market is witnessing a market downturn and Ripple (XRP) is among the established projects that is losing the momentum it had late last year. However, a new RWA and AI-altcoin is gaining traction and it is expected to be the next big thing in crypto.
XRP slumps amid SEC appeal uncertainty and Trump's crypto reserve pivot. Can regulatory clarity drive a recovery past $3.55?
Ripple's CEO praised the Trump administration's embrace of crypto, highlighting support for regulatory clarity, crypto reserves, and digital asset innovation backed by U.S. Treasuries.
Since the liquidity around $300 was sizeable, it was likely that a price bounce was brewing.
Recent data shows a 730 million XRP outflow from the network's payment volume, which has greatly hampered XRP's price recovery. The asset's capacity to sustain upward momentum is called into question by this drop in transactional activity, which indicates waning investor confidence.
Ripple (XRP) price stabilized above the $2.10 mark on March 9 as the broader crypto market experienced renewed selling pressure following the latest U.S. Non-Farm Payrolls (NFP) report. The latest XRP liquidation data reveals a crucial bearish leverage cluster that could determine the next major price move.
Bitcoin's valuation persists in its downward trajectory, briefly grazing an intraday low of $82,201 per coin amid a 4.4% depreciation against the U.S. dollar within 24 hours. Among the top ten cryptocurrencies by market capitalization, dogecoin (DOGE) distinguished itself as the most pronounced decliner, surrendering 12.8% of its worth.
Pro XRP lawyer John Deaton wants financial advisors to push their clients toward cryptocurrency accumulations. Deaton cites a fast-changing regulatory landscape and rising institutional investment as potential reasons for prices to spike after the crypto market crash.
For several days now, the crypto market has been in turmoil. With 1.43 billion XRP traded in just 24 hours, investors are questioning: simple market movement or signs of a radical change?
The price of the third largest cryptocurrency right now, XRP, may be poised for a rather painful decline, to say the least. With all the wild price swings of the past few months, what has emerged on the price chart of XRP can be seen as nothing less than a head and shoulders pattern.
Volatility Shares, an asset manager known for innovative ETFs, has filed for three XRP-focused exchange-traded funds: a spot XRP ETF, a 2x leveraged XRP ETF, and an inverse -1x XRP ETF. The spot XRP ETF is designed to track XRPs market price, while the leveraged version amplifies daily price movements by 2x.
Bitcoin, XRP, and Cardano have shed their gains from last week's Trump "reserve" pump, while Dogecoin continues to lose ground.
XRP is currently trading at $2.23, with a market capitalization of $129 billion and a 24-hour trading volume of $2.8 billion, fluctuating within an intraday range of $2.21 to $2.36 as price action remains under significant selling pressure across multiple timeframes.
XRP traded relatively flat on Wednesday, following a sharp rebound on Tuesday, fueled by President Donald Trump's proposal for a U.S. strategic crypto reserve that includes XRP. The announcement on Sunday triggered a nearly 40% surge in XRP's price within a single day.
Prominent cryptocurrency analyst, Ali Martinez, has shared a bullish outlook for XRP, suggesting the token could hit an all-time high of $5.
Riot Platforms' research head Pierre Rochard has asserted that XRP is not a security despite many critics of the controversial Ripple-promoted coin claiming it is.
A substantial obstacle has been faced by XRP's price recovery, as new data indicates a startling 730 million XRP outflow from the network's payment volume. Investor confidence may be eroding, as indicated by the drop in transactional activity, raising concerns about the asset's capacity to sustain its upward trajectory.
The past week in the crypto world was dominated by President Donald Trump's announcement of a strategic U.S. cryptocurrency reserve. The move has sparked a flurry of reactions, with some questioning the inclusion of certain digital currencies and others calling for a Congressional investigation.
Donald Trump's crypto czar has said the U.S. Treasury will be working to “maximize the value” of the bitcoin and other cryptocurrencies held by the U.S.
Crypto expert Dark Defender predicted that the XRP price could rally to $280, providing a bullish outlook for the crypto. The expert alluded to XRP's historical performance as to why the coin could reach such an ambitious price target.
XRP, the fourth largest cryptocurrency by market capitalization, recently showed a notable technical signal — a death cross on its hourly chart — which many traders deem a sign of bearish momentum. This pattern, which occurs when a short-term moving average dips below a longer-term moving average, has emerged in the present market uncertainty.
The price of XRP has recorded a significant downtrend in the last 24 hours, declining by almost 5% according to data from CoinMarketCap. Amidst this price fall, renowned market analyst Ali Martinez has stated there is a strong bearish pattern forming on the XRP price chart signaling further price drops ahead.
Volatility Shares, a firm that is focused on the development of innovative leveraged exchange-traded funds (ETFs), has proposed three new XRP products.
David Schwartz, chief technology officer at enterprise blockchain company Ripple, has already commented on a recently discovered Bluetooth vulnerability affecting close to a billion devices.
For the past four months, XRP (XRP -1.22%) has easily been one of the top performers in the crypto market. Over that time period, XRP is up a staggering 400% and was recently trading around $2.50.
The price of XRP is facing increasing technical and fundamental pressure, indicating a major decline of 20% in the very near future. Three decisive factors are clearly emerging, and the future of XRP may already be sealed.
XRP and Dogecoin are battling for dominance, but which one is set to lead the next bull run?
XRP slides 2.5%, deepening losses amid Trump's Bitcoin Reserve shift. SEC appeal and XRP-spot ETF approvals now drive market sentiment.
There's been a steady surge in XRP whale activity over the last three weeks.
The XRP price performance has been one of the bright spots in the cryptocurrency market over the past seven days. With the crypto climate becoming more uncertain with each passing day, the XRP token has been the only large-cap asset exhibiting some level of relative stability.
XRP (XRP -1.27%) has seen big volatility over the last week, but it's still posted substantial gains across the period. The cryptocurrency's token price was up 6.7% over the last seven days of trading as of 5:45 p.m.
In an interesting turn of events, the January 2024 theft of 283 million XRP (worth approximately $150 million at current market price) from the wallet of Ripple co-founder Chris Larsen has been linked to the security breach of password manager LastPass. This discovery was recently made public by prominent blockchain investigator ZachXBT.
The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has long reached a pivotal moment. The XRP community is calling on newly appointed SEC Chair Mark Uyeda to drop the agency's appeal.
Ripple (XRP) price is signaling a potential breakout despite ongoing consolidation. The cryptocurrency remains below the $2.5 support level as the market faces corrections.
XRP's whale activity and rising NVT ratio hinted at a potential price shift or breakout soon.
XRP price has faced downside pressure in the wake of the White House Crypto Summit, but a shift in derivatives market trends suggests a potential bullish rebound in the near term. Ripple (XRP) Finds Support at $2.30 as White Summit Disappoints Ripple (XRP) price experienced additional downside pressure on March 8, closing the week in
In a major development for the crypto industry, the U.S. Office of the Comptroller of the Currency (OCC) has granted U.S. banks the authority to store crypto assets, engage in stablecoin operations and process payment transactions using distributed ledger technology (DLT).
As XRP continues to be weighed down by the general bearish cryptocurrency market sentiment, technical indicators suggest the asset is likely preparing for a significant price move.
Cryptocurrency prices resumed their downward trend after President Donald Trump hosted top executives for the White House industry summit.
Chris Larsen, co-founder of Ripple, fell victim to a massive $150 million crypto theft, which investigators now link to a security breach in the password manager LastPass.
The filings add to a growing list of firms seeking to launch XRP-focused ETFs in the U.S.
Is the XRP price in for a massive rally soon or is more pain coming?
As cryptocurrency regulations become clearer in the US, there are suggestions that XRP could lead the US financial resurgence. The comments from US Treasury Secretary Scott Bessent has given life to the theories for future XRP relevance but the spectre of its long-running case with the SEC looms behind.
If you're looking for a cryptocurrency investment that's at a very low risk of going to zero anytime soon, look no further than XRP (XRP -7.16%), as its blockchain just got an important upgrade that will likely help the coin to climb to new heights over the coming years.
A staggering 150,000,000 XRP worth $380,084,007 was transferred between unknown wallets at once, triggering curiosity about its underlying intent.