|All Time High:|
|Market Cap: |
|The price of #XRP today is $0.41 USD.|
The lowest XRP price for this period was $0, the highest was $0.413, and the current live price for one XRP coin is $0.41327.
The all-time high XRP coin price was $3.92.
Use our custom price calculator to see the hypothetical price of XRP with market cap of ETH and how the supply affects the price of XRP at different market capitalizations.
|The code for XRP is also #XRP. |
XRP is 11.1 years old.
|The current market capitalization for XRP is $20,993,494,774.|
XRP is ranked #6, by market cap (and other factors).
|The trading volume is very large during the past 24 hours for #XRP.|
Today's 24-hour trading volume across all exchanges for XRP is $348,804,368.
|The circulating supply of XRP is 50,799,084,881 coins, which is 51% of the maximum coin supply.|
XRP has a relatively large supply of coins, 418 times larger than Ethereum's supply, as an example.
|XRP is the native coin for the XRPL blockchain.|
View the full list of XRPL blockchain tokens.
|XRP is well integrated with many pairings with other cryptocurrencies and is listed on at least 111 crypto exchanges.|
View #XRP trading pairs and crypto exchanges that currently support #XRP purchase.
More XRP (#XRP) News
|Here's the Next Support for XRP if $0.40 Fails (Ripple Price Analysis)
XRP's price has not yet shown any significant strength as it continues its struggle to surpass a critical resistance level over recent weeks. Things are not looking much better against BTC, with a major support level getting broken to the downside.
XRP/USDT Daily Chart
On the daily chart, the price has been consolidating in a tight range below the $0.43 resistance level for quite a while. The 200-day moving average, located around $0.4, has been providing support, preventing the price from dropping further.
If the $0.43 level finally gets broken to the upside, a rally toward the $0.55 area could be expected in the short term.
On the other hand, if a bearish rejection occurs, the 50-day moving average trending around the $0.37 mark would be the first potential support level before the key $0.3 area, which had previously stopped the gruesome downtrend on multiple occasions.
XRP/BTC Daily Chart
Against BTC, the cryptocurrency has been on the decline for the last few weeks, and the 0.000018 level has seemingly been broken to the downside. A confirmation of this breakout would potentially lead to a further drop toward the 0.000015 support level in the coming weeks.
However, considering the fact that the RSI is approaching the oversold area, the recent breakdown of the 0.000018 level could prove to be a fake one. If the price rises back above it, a surge toward the 50-day and 200-day moving average lines located around 0.000019 and 0...
|Crypto Price Analysis Feb-3: ETH, XRP, ADA, MATIC, and FTM
This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom.
Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.
All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This could also be because money is rotating between different altcoins.
Looking ahead, ETH will eventually break away from this range, and that will set the tone for where the price will go next. The current bias is neutral, and the indicators also give mixed signals.
Chart by TradingView
Ripple has lost its bullish momentum and could not push higher in the past week. For this reason, the price is at a similar point as seven days ago. Nevertheless, XRP bulls defended the support at 40 cents and could attempt another rally later.
The resistance is at 44 cents, and with the weekend approaching (characterized by lower volume), it is unlikely that this level will be tested. At best, XRP could continue to consolidate above the key support.
Looking ahead, it's more likely for the cryptocurrency to continue moving sideways. If the overall market remains bullish, then we could eventually see XRP attempt another rally toward 44 cents.
Chart by TradingView
Cardano managed to s...
|XRP Price Prediction: Uptrend Remains Intact Above $0.38
Ripple is rising steadily above the $0.40 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.410 resistance zone.
Ripple is currently rising above the $0.40 resistance zone against the US dollar. The price is now trading above $0.40 and the 100 simple moving average (4-hours). There is a declining channel forming with resistance near $0.410 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if there is a clear move above the $0.410 resistance zone. Ripple Price Remains Supported
After forming a base above $0.38, ripple’s XRP started a steady increase against the US Dollar. The price climbed above the $0.40 resistance zone to move into a positive zone, similar to bitcoin and ethereum.
The bulls pushed the price above the $0.42 level and the 100 simple moving average (4-hours). The increase was such that xrp price even climbed above the $0.43 level. It traded to a new yearly high at $0.4324 before there was a downside correction.
The price declined below the $0.40 level and tested $0.3850. A low is formed near $0.3861 and is currently rising. It is now trading above $0.40 and the 100 simple moving average (4-hours).
It is also trading above the 23.6% Fib retracement level of the recent decline from the $0.4329 swing high to $0.3861 low. An immediate resistance is near the $0.41 zone. There is also a declining channel forming with resistance near $0.410 on the 4-hours chart of the ...
|Crypto Price Analysis Jan-27: ETH, XRP, ADA, APT, and BNB
This week, we take a closer look at Ethereum, Ripple, Cardano, Aptos, and Binance Coin.
Ethereum's rally cooled off this week after its price failed to stay above $1,600, booking only a 2% increase. The current trend is leaning bearish on lower timeframes, and a test of the key support at $1,550 appears imminent.
Considering the above, it is hard to expect buyers to hold onto the price in the near term as a pullback and correction seem more likely. At best, buyers can aim to defend the key support levels at $1,550 and $1,400.
Looking ahead, ETH may enter a low volatility period after such a steep rally. This could turn out to be bullish as long as buyers don't allow the price to fall too low, allowing them to set up a good foundation for the next push higher.
Chart by TradingView
XRP is found in a similar situation to Ethereum. Its price booked a 4% increase in the past week, but the momentum from the bulls appears to be fading. It appears that market participants are more interested in testing the key support at 40 cents as opposed to challenging the resistance at 44 cents.
If buyers fail to hold at $0.40 cents, then this cryptocurrency could quickly fall lower toward the next level of support at $0.36. That would also turn the market sentiment bearish for XRP.
Looking ahead, the volatility will likely increase when the levels of support are reached. This means that it's important to remain very cautious.
Chart by TradingView
|XRP Bulls Try To Break Consolidation At $0.4 To Conquer New Levels
XRP bulls are trying to ride the wave along with Bitcoin to reclaim previously lost territory. The bulls are targeting new annual highs.
XRP has been trading in the green zone since the beginning of the year with a strong recovery and bullish sentiment from its investors. At press time, XRP is trading at $04.96, representing a gain of 0.78% in the last 24 hours. The token is auctioning 34% below its 2018 high of $3.40.
Can XRP Sustain Its Bull Streak? XRP started the year with a spike in volatility that characterized the market and has been able to profit 11.85% in the last 30 days, pushing its market cap to $20.6 billion.
In addition, the trading volume that XRP has experienced in recent days and weeks and the profitable trend of XRP shows that market makers are involved in the project. According to a recent report from NewsBTC, it's possible to assume that XRP whales are once again buying and accumulating the token.
This increase in activity in the XRP Ledger's native token suggests that more wallets are being created with large amounts of XRP. While the perspective of many investors may be bullish, we can also find traces that lead us to consider a bearish scenario.
XRP can break the trend line that touches three key levels and continue its bullish trend to find a position in the following challenge represented by $0.5.
XRP Heaven or Hell Levels
Despite the breach of previous target zones, there are strong signals that XRP's bullish days may be num...
|XRP Whales Accumulate Massive Tokens – Is A Bull Run Coming?
The XRP price dipped in 2022 during the crypto winter, and the back-and-forth legal exchange between Ripple Labs and the U.S. Securities and Exchange Commission has not helped matters.
However, the token is still attracting interest from whales and institutional investors. XRP still has a chance of recovery, which seems to be the motivation behind the whale mass acquisition of the token.
Whales Seize The Dip
WhaleAlert reported that whales had moved 128 million-plus XRP worth close to $53 million in the last day. The largest whale activity recorded in that period was the movement of 35 million XRP worth around $15 million to the Bitstamp exchange.
According to the data, whales have purchased up to 69 million XRP tokens in 24 hours. The first accumulation noted by Whale Alert is the addition of 33 million XRP (approx worth above $13 million) to a Bitstamp address.
33,000,000 #XRP (13,274,704 USD) transferred from unknown wallet to #Bitstamphttps://t.co/YZirFauiLJ
— Whale Alert (@whale_alert) January 24, 2023
Another large whale accumulation was 36 million tokens sent to a Bitstamp address worth 14,972,855 USD at the time of the transaction.
36,000,000 #XRP (14,972,855 USD) transferred from unknown wallet to #Bitstamphttps://t.co/QK23u7luIM
— Whale Alert (@whale_alert) January 25, 2023
Whalestats also reports that XRP was the most traded token among the top 100 BSC whales. The top 100 whales on this list currently hold more than $28.6 million worth of X...
|XRP Price Prediction: Key Upside Break Could Trigger Rally To $0.5
Ripple is rising steadily above the $0.380 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.4320 resistance zone.
Ripple is currently rising above the $0.38 resistance zone against the US dollar. The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could rally further if there is a clear move above the $0.4320 resistance zone. Ripple Price Starts Steady Increase
After forming a base above $0.32, ripple’s XRP started a steady increase against the US Dollar. The price climbed above the $0.35 resistance zone to move into a positive zone.
The bulls pushed the price above the $0.365 level and the 100 simple moving average (4-hours). The increase was such that xrp price even surged above the $0.40 level. It traded to a new yearly high at $0.4324 and is currently consolidating gains, similar to bitcoin.
The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair. The pair is stable above the 23.6% Fib retracement level of the upward move from the $0.3655 swing low to $0.4324 high.
Source: XRPUSD on TradingView.com
An immediate resistance is near the $0.432 zone. The next key resistance is near the $0.45 level. A successful break a...
|Biggest Movers: XRP Jumps to 3-Month High as Crypto Markets Consolidate ...
Xrp moved to a multi-month high on Jan. 23, as market optimism grew regarding a lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). Following comments last week from Ripple CEO Brad Garlinghouse, many have bought the token in anticipation of the lawsuit ending in the coming months. Dogecoin was another notable gainer on Monday.XRP
XRP, formerly ripple, was one of Monday's notable gainers, as the token rose to a three-month high in today's session.
XRP/USD hit an intraday high of $0.431 to start the week, coming off the back of Sunday's low at $0.3979.
As a result of today's surge in price, XRP has risen to its strongest point since November 8.
Looking at the chart, the move took place following a breakout of a ceiling at the $0.410 resistance level.
As of writing, XRP is still trading above this point, however earlier gains have eased, with price now at $0.420.
Momentum has eased, with traders seemingly securing gains as the 14-day relative strength index (RSI), which is tracking at 68.64, nears a ceiling at 69.00.
In addition to XRP, dogecoin (DOGE) started the week stronger, with the meme coin hovering close to a key resistance level.
Following a low of $0.0861 on Sunday, DOGE/USD raced to an intraday peak of $0.09289 earlier today.
This surge saw dogecoin briefly break out of a resistance point at $0.09200, closing in on a six-week high in the process.
As can be seen on the chart, this breakout was not sustained, with t...
|XRP Transactions Skyrocket In Australian Top Exchanges
Ripple has reached a new milestone in Australia with its native token, XRP, recording the highest trading volumes on exchanges. With this, Ripple now dominates Australian crypto exchanges as the XRP community anticipates a final court ruling in the lawsuit with the U.S. SEC (Securities And Exchange Commission).
The news came from Financial Review, an Australian media outlet shared on Twitter by Neil Smith, Ripple’s partner engineer, and Aussie firm, Blockchain Australia.
Ripple now dominates Australian crypto exchange volumes #XRP https://t.co/yaeFIqsNIn
— Neil Smith (@nsmithau) January 18, 2023
Reason For XRP Performance In Australia
According to the report, Ripple’s cross-border remittance payment (ODL) use case adoption gets the credit for this achievement. Ripple on-demand liquidity makes XRP suitable for cross-border payments as it helps customers access liquidity using this token.
XRP itself serves as a bridge token between fiat currencies. It allows users to make payments in local currency at the payment destination within seconds, hence the name, on-demand liquidity.
Following the report's details, Ripple's native coin contributed to 62% of the trading volumes on the BTC Market, a Melbourne-based exchange. It also accounted for 82% of the Independent Reserve Exchange over the past day.
CEO of BTC Markets Caroline Bowler said her crypto exchange is a Ripple on-demand (ODL) liquidity partner in Australia. That explains XRP's dominance in...
|XRP Battles for $0.40 as Bears Starting to Poak Their Heads (Ripple Pric...
Ripple's price has been on the rise over the last couple of weeks following Bitcoin's rally. However, there are still significant resistance levels that should be claimed before a bullish shift in the market structure takes shape.
XRP/USDT Daily Chart:
On the daily USDT chart, the price has been rallying following a rebound from the critical $0.3 level earlier in the month. Ripple is currently trapped between the 50-day and 100-day moving averages, located around $0.37 and $0.39, respectively.
In case the 200-day moving average gets broken to the upside, the significant $0.43 level would be the next obstacle that should be taken out before the market structure could be considered bullish in the short term.
The RSI indicator should also be monitored closely as it is reaching the overbought zone and could form a potential bearish divergence signal in the coming days.
XRP/BTC Daily Chart:
The market structure seems almost utterly opposite on the BTC paired chart, as the price has been falling rapidly lately, with Bitcoin outperforming XRP.
However, the decline has seemingly halted, as the 0.000018 SAT support level holds the price. Yet, considering the potential bearish crossover between the 50-day and 100-day moving averages, with the former trending lower around the 0.000021 SAT level, the 0.000018 SAT support may be broken to the downside. This structure could drive Ripple's price towards the lower boundary of the large bearish...
|XRP Vs. Cardano (ADA), Which Is The Better Investment In 2023?
Cardano (ADA) and XRP are popular entry-level investments in the crypto market due to their low prices below $1. But what are the prospects for both altcoins in 2023? We'll take a look at the fundamentals as well as the technical analysis perspective.
XRP Prediction 2023
The success of the XRP price this year could largely depend on the outcome of the court case between Ripple and the U.S. Securities and Exchange Commission (SEC). If Ripple manages to leave the courtroom as the winner, the price could skyrocket.
According to current projections, including from Ripple's legal counsel Stuart Alderoty, the trial could likely end in the second quarter of 2023. A Ripple victory could trigger a reverse effect on the XRP price as of December 2020.
The week the SEC filed its lawsuit, the XRP price fell a whopping -72% in seven days. The price crashed from $0.60 to $0.17. Compared to Bitcoin and Ethereum, XRP still shows a massive undervaluation since the event.
While BTC and ETH are 69% and 68% down from their all-time highs, respectively, the current XRP price is 88% below its all-time high of $3.40. Thus, XRP bulls will be eager to make up for this shortfall.
A Ripple victory could reactivate old and new partnerships. During the Ripple Swell conference in November, CEO Brad Garlinghouse revealed that U.S. banks and companies are in the pipeline as partners once the court case is out of the way, as Bitcoinist reported.
Garlinghouse said, among other things: 'Bank of America is a hu...
|Crypto Price Analysis Jan-20: ETH, XRP, ADA, SOL, and DOT
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polkadot.
Ethereum managed to book a 9.5% increase in the past seven days despite this most recent pullback. However, buyers are now on the defensive because the price broke below the parabola that was formed in early January. This indicates that sellers may soon take over.
Whenever a parabola is broken, that signals a change. In this case, Ethereum managed to reach $1,600 before sellers returned. This key resistance seems likely to hold in the near future since buyers appear to have lost their momentum.
Looking ahead, a retest of the support found at $1,400 seems probable. This would constitute a healthy pullback and an expected move, considering the parabolic increase in the price during most of January.
Chart by TradingView
XRP tried to break above the key resistance at 40 cents but failed. While the price did manage to register a 4% weekly increase, this was not enough to put bulls back in charge. For this reason, the cryptocurrency may hover under the key resistance and consolidate in the near term.
XRP appears to be entering into a flat trend where both bulls and bears trade places in controlling the price action. With good support at 36 cents, it could continue to bounce between the key levels for some time until a decisive breakout.
Looking ahead, the bias for this cryptocurrency leans bullish on higher timeframes (weekly), and this cooldown may be a temporary stop....
|Ripple CEO 'Optimistic' About SEC Lawsuit Over XRP — Says 'I Feel ...
Ripple CEO Brad Garlinghouse says that he is 'optimistic' that the Securities and Exchange Commission (SEC) lawsuit over xrp 'will certainly be resolved in 2023.' He added that it could even be resolved in the first half of this year. 'I feel very good about where we are relative to the law and the facts, the Ripple executive said.Ripple CEO Feels 'Optimistic' About SEC Lawsuit
The CEO of Ripple Labs, Brad Garlinghouse, shared his view on the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of XRP in an interview with CNBC Wednesday at the World Economic Forum in Davos, Switzerland.
Noting that the judges will 'take however long' they take, Garlinghouse said:
We're optimistic that this will certainly be resolved in 2023, and maybe the first half. So we'll see how it plays out from here. But I feel very good about where we are relative to the law and the facts.
The SEC filed a lawsuit against Garlinghouse, Ripple, and co-founder Chris Larsen in December 2020 over the sale of XRP which the regulator claimed was an unregistered security offering. Ripple has maintained that XRP is not a security. Both the SEC and Ripple submitted their final round of briefs in December last year, seeking a summary judgment of the case.
The Ripple CEO said he expects a ruling to arrive 'sometime in the coming single-digit months,' adding that he doesn't expect Ripple to settle with the securities regulator.
'We have always said that we would love to settle, but it...
|XRP Token Dominates Australian Crypto Exchange Transactions with 82% Vol...
According to a report published by the Australian Financial Review, the blockchain token XRP, developed by Ripple, has emerged as a dominant force in the transaction volumes of local cryptocurrency exchanges. The report states that over the past 24 hours, XRP accounted for 82% of all cash volume on the Independent Reserve exchange and 62% across Melbourne-based BTC Markets.
Caroline Bowler, CEO of BTC Markets, attributed XRP's dominance in trading volumes on the exchange to the fact that BTC Markets is Australia's Ripple on-demand liquidity (ODL) partner. ODL helps companies manage cross-border payments without the need for correspondent banking and pre-funding costs, and utilizes XRP to facilitate this process.
According to CoinMarketCap, a market tracking platform, the Ripple token is currently valued at $0.3906, with a 7.72% increase in the past week. In the past 24 hours, over $1.06 billion worth of XRP has been bought and sold.
In comparison, the most popular cryptocurrency, Bitcoin, is currently valued at $21,272, with a 22% growth in the past seven days. However, a recent annual industry report by CoinGecko noted that Bitcoin was the worst-performing investment among other significant assets such as crude oil and the US dollar. The report also stated that since January 2022, the spot trade volume of Bitcoin has decreased by 67.3%, with the largest quarterly loss occurring in the fourth quarter of 2022.
Despite this, the crypto market is off to a bullish start in 2023, ...
|XRP Bulls Aim For $1 As Crypto Advances With 12% Weekly Pump
XRP is currently at $0.3899 which is the result of recent positive external developments. According to CoinGecko, the native token of Ripple moved upwards by 12% in the weekly and the bi-weekly time frame.
Positive news brewed up in the US Securities and Exchanges Commission (SEC) vs. Ripple lawsuit that started back in December 2020. Just last month, Ripple was handed a small win as the SEC was ordered by a judge to hand over the Hinman documents which details the speech of the previous SEC director saying that Ethereum was not a security.
With Ripple CEO Brad Garlinghouse cautiously optimistic of the current climate about crypto, can XRP bulls reach their $1 target?
Sending Ripples Across The Market
XRP has been maintaining its spot in the hearts of many investors. Binance data shows that the token remains as the top 5 most traded on the platform just behind BNB and just above BUSD.
Whales are also joining in the party. According to whale tracker WhaleStats, the token also became the top 100 of the most traded. This uptick in whale and market activity is certainly a sign that XRP is recovering from its previous market lows.
With the lawsuit coming to an end, XRP has the luxury to target higher prices for the future.
The top 4000 #BSC whales are hodling
Whale leaderboard https://t.co/CnPsLVmRmh pic.twitter....
|Whales Move Billions Of XRP Following Price Spike
The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the global crypto market cap is up by 0.11%, reflecting the rate at which most tokens are rallying over the past few days.
A recent WhaleAlert report reveals massive XRP whale transfers happening amid the token's price surge. The report showed the movement of nearly 429 million tokens (about $167 million) on multiple whale addresses in the last 24 hours.
According to the WhaleAlert, the largest single whale transaction was a transfer of 209 million XRP worth approximately $81 million. The crypto whales added $49 million (about 123 million XRP) in multiple transactions. One whale address accumulated 94.3 million tokens ($38 million) in a transaction from Binance.
XRP Makes Top 1,000 BSC Whales List Following Price Surge
Ripple's native cryptocurrency, XRP, has recorded a price increase of nearly 12% in the past seven days. Its trading volume has also added by 55% and is now at $1.3 billion. Despite the long-running lawsuit from the SEC against Ripple, XRP's market cap remained unfazed, being over $19.5 billion.
However, WhaleAlert recorded outflows of Ripple's native coin on several whale addresses. Several whales moved 97 million of Ripple's native coin worth approximately $37 million to the Bitstamp crypto exchange.
Aside from the massive whale addresses activity, WhaleStats also reported that XRP tokens ranked the second largest cryptocurrency by dollar valu...
|XRP Eyes $0.4 After 10% Weekly Surge, but is a Drop Imminent? (Ripple Pr...
After four straight weeks of price fluctuation with extremely low volatility, XRP finally initiated a rally and broke above the 50-day moving average. However, the uptrend came to a halt after reaching the 100-day moving average, and the price is now attempting to surpass it.
The Daily Chart
The 50-day moving average had been acting as resistance to the price for several months. However, the bulls recently pushed the price above this range. This resulted in a rally toward the next critical resistance level, which stands at $0.4.
Presently, the cryptocurrency is up against a significant resistance region, which includes the 100-day moving average and the static resistance level of $0.5, which also aligns with the channel’s upper trendline.
In case of a breakout from this region, the market should expect a surge toward the next resistance level at $0.55. However, if the price fails to exceed the above-mentioned level, a short-term consolidation would be the most probable outcome.
The 4-Hour Chart
In the 4-hour timeframe, the price formed an ascending price channel pattern, and after being supported by the lower trendline, it started moving upward. However, the $0.4 resistance level has paused the rally for now, resulting in short-term price consolidation.
If the cryptocurrency surpasses the $0.4 level, the channel’s middle trendline and the $0.5 levels will be the next obstacles to surpass. On the other hand, if the $...
|XRP Price Goes Upward With Increasing Whale Activity
The crypto market is still facing a declining effect from the raging crypto winter, but XRP is faring on the daily chart. Since last year, several crypto assets have been struggling to stay afloat as the prices of tokens fluctuate. Unfortunately, the overall outcome has not impressed many crypto participants and investors.
But the new year is bringing a positive turn in the crypto market. Some crypto tokens have started reclaiming their value over the past seven days. For example, XRP has taken a more vital route as it joins the train of bullish tokens for an upward move.
XRP Price Trends Upward
In a new development, the price of XRP surged impressively within a few days. As per data from Coincodex, XRP rose by approximately 10% in the past seven days.
Further, Santiment, an on-chain data provider, reported that cryptocurrency's recent reclaim in value is due to increasing active addresses.
According to the data provider, XRP recorded about 41K active addresses on January 8, 2023. But the number surged rapidly within the next few days. As a result, the active addresses have grown to over 148K since January 12, 2023. This shows an addition of over 107K active addresses, representing over a 200% increase in less than seven days.
Whales Show Increasing Activities
Additionally, XR´whales have been engaging massively in transactions, as per WhaleAlert, a crypto data provider. It noted that within the past 24 hours, whales had moved about 193 million XRP worth almost $...
|Crypto Price Analysis Jan-13: ETH, XRP, ADA, BNB, and SOL
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana
With a spectacular start in 2023, Ethereum continued its rally and booked a 12.7% increase in the past seven days. This brings the price closer to $1,500, which is also going to act as a key resistance.
The bulls are in full control of the price action, but they may run out of steam at this rate. It is very hard to know when this rally will take a break, but a pullback becomes more likely the higher the price moves. The current support is found at $1,300.
Looking ahead, ETH remains bullish, and if the buying volume continues to increase, then we could see it move even higher in the coming week.
Chart by TradingView
XRP is not far behind Ethereum, with a 10% price increase in the past week. This uptrend looks solid, and there is still space until the key resistance at $0.40. This gives the bulls room to maneuver in the coming days.
The current support is found at $0.36, and with the price making higher highs, optimism is building up in the market. The RSI indicator is not yet overbought on the daily timeframe, which supports further increases in the price.
Having managed to narrowly avoid a lower low in early January compared to June 2022, this cryptocurrency could end up forming a double bottom. To confirm this scenario, the price would have to move above 42 cents. The current outlook is positive, but XRP may struggle as it approaches the key resistance.
|XRP Tops List Of Gainers As Whale Interest Spikes
XRP has been on the front lines of crypto news for the past couple of weeks as Ripple’s lawsuit with the Securities and Exchange Commission (SEC) heats up. The increased attention has translated to more market movement, and whales are looking to take advantage of this.
Whales Move Into XRP
XRP’s trading volume saw a spike on Tuesday following the upward rally in the crypto market. This saw an increase in the price of the digital asset but perhaps most important for the day was the fact that Binance Smart Chain whales were actually more interested in the coin.
Whale tracking website WhaleStats reported that XRP had become the most traded token among the top 100 BSC whales for the day. It dethroned AAVE which had previously dominated the attention of these large whales to achieve this feat.
JUST IN: $XRP @Ripple flipped $AAVE for MOST TRADED token among top 100 #BSC whales
Check the top 100 whales here: https://t.co/0SYnjw0xQs
(and hodl $BBW to see data for the top 4000!)#XRP #AAVE #whalestats #babywhale #BBW pic.twitter.com/MhK4A1ATd3
— WhaleStats - the top 1000 BSC richlist (@WhaleStatsBSC) January 10, 2023
Now, the increased interest from these whales has not died down yet because while XRP is not currently the most traded token, it is still a top 10 token for them. It features in the fourth spot of most purchased tokens for the largest BSC whales.
Additionally, the XRP smart contract is one of the top 10 most used smart contracts among the top 100 BSC ...
|Biggest Movers: ATOM Hits 2-Month High, as XRP Extends Recent Gains
Cosmos rallied to a two-month high on Thursday, as cryptocurrency prices rebounded following Wednesday's decline. Xrp was also mostly in the green in today's session, extending recent gains in the process. The global crypto market cap is trading 0.17% higher as of writing.Cosmos (ATOM)
Cosmos (ATOM) raced to a two-month high on Wednesday, as the token climbed to its strongest point since November.
Following a low of $11.10, ATOM/USD raced to a peak of $11.44 earlier in today's session.
As a result of this latest surge in price, cosmos moved to its highest point since Nov. 12.
Looking at the chart, today's rally occurred as the 14-day relative strength index (RSI) ventured deeper into overbought territory.
In addition to this, the 10-day (red) moving average (MA), continued its upward ascent versus the 25-day (blue) MA.
However, sentiment could soon be shifting, with bears looking to re-enter the market as the RSI is now tracking at a level not seen since last January.
XRP (formerly ripple) was another big mover in today's session, extending recent gains to a fourth consecutive day.
So far on Thursday, XRP/USD has risen to an intraday high of $0.3691, which comes less than a day after hitting a bottom of $0.348.
Following this rally, xrp neared a four-week high, as prices moved to their highest point since December 16.
This latest price surge comes as the RSI moved beyond a resistance point at 57.00, and it is currently tracking at 59.41.
As a result of this move, the 1...
|XRP Price Prediction: Bulls Could Aim $0.4 or Higher
Ripple is gaining pace above the $0.350 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.3720 resistance zone.
Ripple is currently rising above the $0.35 resistance zone against the US dollar. The price is now trading above $0.350 and the 100 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $0.3495 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could rise further higher if there is a clear move above the $0.3720 resistance zone. Ripple Price Extends Gains
After a sharp decline, ripple’s XRP found support near the $0.3000 zone against the US Dollar. The price formed a base above the $0.3050 level before it started a recovery wave.
There was a decent increase above the $0.3250 and $0.3300 resistance levels. Besides, there was a break above a crucial bearish trend line with resistance near $0.3495 on the 4-hours chart of the XRP/USD pair. The upward move gained pace above the $0.350 level.
The price is now trading above the 76.4% Fib retracement level of the main drop from the $0.3727 swing high to $0.3009 low. It is also trading above $0.350 and the 100 simple moving average (4-hours), outperforming bitcoin and ethereum.
An immediate resistance is near the $0.372 zone. The next key resistance is near the $0.390 level. It is near the 1.236 Fib extension level of the main drop from the $0.3727 swing high to $0.3009 low.
Source: XRPUSD on TradingVi...
|Calm Before the Storm? XRP Consolidates Below Critical Level (Ripple Pri...
Ripple's price has been ranging in a tight area over the past few weeks as the markets are heading into 2023. This might as well be a signal that the price is about to experience an outburst of volatility, as periods of prolonged calmness in the market are typically a precursor to that.
XRP/USDT Daily Chart:
On the daily chart, the price has been consolidating below the 50-day moving average for a while now. The 50-day and 100-day moving averages, located around the $0.37 and $0.39 levels, respectively, are currently flat after printing a bearish cross.
In case the price finally reaches and breaks above the 50-day moving average, the 200-day moving average and the $0.43 resistance area would be the next potential targets. On the other hand, if the price begins to fall, the key $0.3 support level would come into play once more.
A bearish breakout from this level would likely be disastrous for XRP, as a further crash would be expected.
XRP/BTC Daily Chart:
Looking at the BTC paired chart, the price is yet to break out from either side of the large descending channel. The 200-day moving average has been holding the price for quite some time while being constantly tested over the last few days.
In case of a bullish rebound from the 200-day, the 50-day moving average trending near the significant 0.000022 SAT resistance level would be the next obstacle before the higher boundary of the channel comes into play. On the contrary, a bre...
|Ripple (XRP) Related Flare Network Token Airdrop: FLR dumps by 71%
In late 2020, the Flare Network attracted a lot of attention in the Ripple (XRP) community. The creators wanted to open up the DeFi space for Ripple and announced an airdrop of Flare (FLR) tokens for all XRP holders.
However, holders of XRP had to be patient for a long time. The launch was postponed several times. But today is finally the day: at 6:59 p.m. EST, the distribution of FLR tokens will take place.
The FLR Token Distribution event is just 24 hours away.
Join the #Flare team and guests on Twitter tomorrow. The distribution starts at 23:59 UTC sharp. The stream will start a few minutes before.#ConnectEverything pic.twitter.com/CLtmUird1Z
— Flare (@FlareNetworks) January 8, 2023
However, there is also bad news. Just before the launch, the FLR/USDT trading pair is seeing a massive dump of around 71% on Bitrue.
The exchange was the only trading platform besides Poloniex to date where FLR could be traded as an IOU. As can be seen in the 1-day chart from TradingView, the FLR/USDT pair has seen a massive dip over the last two days on Bitrue.
The token was trading at $0.5394 yesterday and crashed to a low of $0.1559 at times today before recovering to $0.2395 at press time. With this, the FLR token is still posting a loss of around 55% compared to two days ago.
Airdrop For XRP Holders Is Finally Here - Too Late? When the project started, the narrative was clear: Ripple (XRP) lacked access to the booming sector of decentralized finance (DeFi). This has since changed,...
|Despite SEC Battle, XRP Investment Products Saw Record Inflows in 2022: ...
2022 saw many crypto-assets lose value, prompting investors to pull their money from the market. During turbulent times, inflows plummeted massively.
According to the latest report by CoinShares, the digital asset inflow was recorded at $433 million, the lowest in four years. The last time figures were hovering near the current level was in 2018, when inflows stood at $233 million.
Bitcoin saw the third-worst year for inflows with $287 million after declining by well over 60% this year.
Multi-asset investment products recorded inflows of just $209 million.
The Merge was the biggest highlight in the Ethereum ecosystem. But investor concerns over a successful transition to proof of stake (PoS) translated into outflows of $402 million.
The figure was in a sharp reversal compared to the previous two years when Ethereum saw massive inflows of more than $1.8 billion and $920 million, respectively.
Other altcoins that bore the brunt of the tumultuous year were Binance Coin (BNB) with $24 million and Tron (TRX) with $3 million outflows.
On the other hand, Litecoin (LTC) and Polygon (MATIC) oriented products registered inflows of $2 million and $1 million, respectively.
While the washout of crypto exchange FTX severely affected the Solana network, it wrapped up the year on a positive note with $121 million.
XRP remained unfazed by the twists and turns of the battle between crypto firm Ripple and the US Securities and Exchange Commission (SEC). In fact, XRP-related investment products...
|XRP Whales Move Assets As Price Dips, What's Next?
The crypto market is still recording the swings of the prevailing crypto winter, especially XRP. Most of the assets have not been impressive in their price movements. According to data from CoinMarketCap, the crypto market has pushed the cumulative market cap to around $812.00 billion. This indicated a drop of 0.88% over the past 24 hours.
With the declining market trend, XRP stands among the assets that have lost value. The price dip has attracted crypto whales. They have moved millions of XRP tokens to different crypto exchanges.
Whales Show Interest In XRP
According to WhaleAlert, an on-chain data provider, there have been several transactions involving XRP. It recorded that crypto whales have transferred about 385 million XRP to crypto exchanges within 24 hours. The cumulative tokens are worth almost $131 million in the current market prices.
The data provider noted that besides the most significant single transaction, many whales had moved about 70 million XRP tokens to several crypto exchanges. The value is worth about $25.6 million. The report indicated that most transfer transactions were on Bitstamp, costing $10.1 million. In addition, one of the whales moved XRP tokens worth about $11.8 million to the Bitso crypto exchange.
Also, an unknown crypto whale is reported to have purchased up to 35.1 million XRP tokens. The transaction occurred during this present XRP price dip through the Bitso exchange. As a result, the whale accumulated Ripple tokens worth about $11.8 ...
|XRP Spikes 2% In Past 24 Hours Despite Recent Bearish Developments
Ripple has been locked in a bitter court battle with the U.S. Securities and Exchange Commission regarding whether XRP should be classified as a security or not.
Ripple’s CEO, Brad Garlinghouse, recently tweeted about him being optimistic but cautious of what 2023 brings in terms of regulations.
Because of this, XRP has been trading sideways, a movement not altered since FTX’s collapse. Adding to the downward pressure is the significant whale activity on the market. According to Whale Alert, whales have been moving hundreds of millions worth of XRP to the open market with the biggest transfer worth $92 million.
However, the market seems bullish despite recent bearish developments as XRP, as of writing, went up by 2% in the past 24 hours. XRP is currently trading at $0.3435, down 0.5% in the last seven days, data by Coingecko shows.
Today is the first day of the 118th Congress. While prior efforts at regulatory clarity for crypto in the US have stalled, I am cautiously optimistic that 2023 is the year we will (finally!) see a breakthrough. A thread on why…
— Brad Garlinghouse (@bgarlinghouse) January 3, 2023
What XRP’s Case Mean For Crypto And Its Price
The day the SEC filed the complaint, December 21, 2020, XRP fell by 67.13% on the charts. However, December 5 proved to be a day XRP holders should rejoice. According to a report, the SEC failed to satisfy the three elements of the Howey Test which determines whether the asset i...
|XRP Price Primed For Future Rally Following Ripple's MENA Expansion
The XRP price has rather underperformed within the last two years. While XRP has fallen 90.04% from the all-time high of $3.40 on January 6, 2018, Bitcoin (-75.76%) and Ethereum (-74.52%) show considerably smaller losses.
One of the main reasons for this is probably the lawsuit filed against Ripple by the U.S. Securities and Exchange Commission (SEC), which has caused a lot of uncertainty among investors. In addition, numerous exchanges have delisted XRP or, like Grayscale, dissolved their XRP trust. A settlement with the SEC or a Ripple court victory is therefore considered an extremely strong catalyst for the XRP price.
Ripple Is Expanding Adoption Of ODL
However, another reason to be bullish is the XRP-based On-Demand Liquidity (ODL) technology by Ripple, which continues to be adopted heavily beyond the U.S. In an interview, Navin Gupta, Ripple's managing director for South Asia and MENA, said that ODL is available in markets representing nearly 90% of the $6 trillion daily foreign exchange market.
Gupta further remarked that there is a lot of interest in XRP-based technology in the Middle East and North Africa (MENA) region:
We have seen a great deal of interest from institutions across MENA to use On-Demand Liquidity (ODL) to underpin the remittance services they offer, and we already have local payments service providers such as Pyypl using the solution to facilitate remittances between the UAE and other countries around the world.
The executives also revealed that Rip...
|Crypto Price Analysis Jan-06: ETH, XRP, ADA, LTC, and SOL
This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana
This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to book a 3.8% increase in the past seven days.
The fact that in the past two days, the price has been rather timid in pulling back from this most recent rally suggests that sellers are exhausted or lack interest at this moment. This could turn into a key opportunity for the bulls.
Looking ahead, ETH is giving good signals that buyers are in control with higher lows and higher highs in the price action. Should they maintain the momentum, the next critical level to watch for is $1,365.
Chart by TradingView
In complete contrast to Ethereum, XRP has been making lower lows after a significant decline on Monday, when the price briefly hit 30 cents. This led to a decrease of about 2.2% during the past seven days.
This week, the volume is in red, and sellers dominated the chart. This gives little hope of a reversal at this time, particularly when the key support at 33 cents is put again under pressure. Considering this price action, a break to the downside seems somewhat likely.
Since the spike on Monday could be indicative of things to come, it's quite likely that XRP will have to revisit the 30 cents support before it can hope to reverse the current downtrend. Buyers don't...
|Santiment Paints Bullish Picture For XRP, But This May Not Be The Case
XRP price is having a shaky start to the year 2023 after a sharp drop on Monday during Asia hours. The digital asset eventually recovered but it remains shaky even now a new report from Santiment shows that there could be a bull case for the cryptocurrency. This bull case is tied to large XRP holders who have been accumulating coins over the past six months.
A Bull Case For XRP
The report from Santiment starts out with the revelation that large investors holding between 1 million and 10 million XRP tokens have been increasing their bags aggressively. Apparently, over the last six years, these investors raised their collective balances by 25%. This now meant that they were holding more than 4 billion XRP.
Santiment notes that such accumulation trends were important given that they are often observed during bear market bottoms. Basically, when these whales go on a buying spree such as this, it is when the price has already reached its lowest point in the bear market.
So if history is anything to go by and this was to have the same effects as previously seen, then it could mean that there is a bull rally in scope for the digital asset. Additionally, it explains that the MVRV 30 for the altcoin shows that short-term holders were seeing losses of 7% on average. So this points to a hesitancy to sell among these holders because they do not want to take a loss.
This refusal to dump tokens and whales adding to their balances adds up to less supply hitting the market while demand is o...