|All Time High:|
|Market Cap: |
|The price of #XRP today is $0.49 USD.|
The lowest XRP price for this period was $0, the highest was $0.487, and the current live price for one XRP coin is $0.48742.
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 BTC and how the supply of XRP affects the price at different market capitalizations.
|The code for XRP is also #XRP. |
XRP is 10.8 years old.
|The current market capitalization for XRP is $24,322,386,970.|
XRP is ranked #6 out of all coins, by market cap (and other factors).
|The trading volume is huge during the past 24 hours for #XRP.|
Today's 24-hour trading volume across all exchanges for XRP is $3,022,285,562.
|The circulating supply of XRP is 49,900,666,456 coins, which is 50% of the maximum coin supply.|
Relatively, XRP has a large supply of coins, 2,268 times larger than Bitcoin's supply, for 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 112 crypto exchanges.|
View #XRP trading pairs and crypto exchanges that currently support #XRP purchase.
More XRP (#XRP) News
|XRP About to Close its Best Month in 2022 (Ripple Price Analysis)
With only two days remaining for September, XRP records its best month so far. However, the bearish trend reversal has not yet been confirmed.
The Weekly Chart
Last week, XRP reached (and was rejected) to a critical level of $0.56 on the weekly chart. This resistance is combined of the ascending line (in yellow) and the red horizontal resistance. As a side note, it's not uncommon to see a weekly red candle after multiple green candles.
Unless breaking down below $0.4, it's likely to see XRP performing another retest of the $0.56 level. A break and close above $0.56 will likely trigger a bullish momentum.
The Relative Strength Index (RSI) backs up the above sentiment. The RSI indicates that the market continues to see increased selling pressure as the RSI indicator is below 50. Breaking above the descending line (in white) corresponds to the price's resistance zone breakout.
Key Support Levels: $0.4 & $0.3
Key Resistance Levels: $0.56 & $0.75
Weekly Moving Averages:
The XRP/BTC Chart
After the descending line barrier (in red) was cleared, a bullish spike began against Bitcoin, lasting until it encountered resistance amid 2900 SATs (in yellow).
Suppose that the XRP price against BTC experiences a brief pullback to the support at 2000 SATs (in green); a retest of 2,900 SATs is likely in the next weeks.
Alternately, breaking 2,900 SATs will resume the recent bullish momentum. The target for such a mo...
|XRP Price Stumbles Near $0.47, What's Next With Selling Pressure Buildin...
The XRP price has depreciated considerably over the last 24 hours. The price of the altcoin continues to totter near the $0.47 price mark.
The bears seem to be back on the charts for XRP. Over the last 24 hours, the XRP price fell by 4.12%.
On the other hand, the coin has rallied by over 30% in the past week. The technical indicators of the altcoin also started to paint bearish price action on the one-day chart.
The bulls have lost steam in the past week owing to an increase in selling strength in the market.
The indicators have yet to move into the excess selling zone, but the major technical outlook indicated that the buyers were leaving the market.
This could be termed a price pullback for XRP after the positive investor interest over the last week that caused the rally.
The global cryptocurrency market cap today is $971 billion, with a 0.8% negative change in the last 24 hours.
XRP Price Action: One Day Chart
XRP was priced at $0.47 on the one-day chart | Source: XRPUSD on TradingView
The altcoin had secured a rally in the last week when it surged to touch the $0.54 mark. The XRP price was trading within an ascending trendline from which it broke away due to a decline in buying strength.
The resistance mark for the coin stood at $0.48, a move above which XRP could falter near the $0.51 price level. The support zone for the coin rested at $0.42.
A fall from the aforementioned support line will drag XRP to $0.38. The amount of XRP traded in the last session was in red, sign...
|Ripple Price Analysis: After 30% Weekly Gains, Can XRP Continue to Soar?
Ripple, as the fourth-largest cryptocurrency by market capitalization, saw increases of over 30% during the last 7 days, according to CoinGecko. The price extended to nearly $0.56 on Friday but got quickly rejected.
The Daily Chart
The XRP/USDT trading pair reached a key support turned resistance level, for the first time since May 9, on the daily chart. Additionally, the price finally closed a daily candle above the 200-day moving average line (in white), which is a promising sign for the short-term future.
Given the strength of the resistance zone located between $0.50 and $0.55, it is likely that some traders may take profits in this area, and XRP will consolidate. However, as long as the price remains above the horizontal support at $0.42 (in green), this should not disrupt the current positive momentum.
If XRP can overcome the resistance mentioned above, which overlaps with the descending line (in yellow), reaching $0.60 should be an easy task for the cryptocurrency.
Key Support Levels: $0.45 & $0.4
Key Resistance Levels: $0.5 & $0.55
Daily Moving Averages:
The XRP/BTC Chart
When examining the BTC pair chart, Ripple shows strength, trading above key resistance. It has finally encountered horizontal resistance at 2870 SATS (in white) for the first time in over 400 days. The 200-week moving average line and this level intersect. Clearing this obstacle should pave the way to reclaiming th...
|Ripple Outperforming Almost The Whole Market, What's Pumping XRP Price?&...
The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning.
Crypto influencer Ben Armstrong claims to know the reason behind this continuous climb amid the current general crypto bear market. However, he can confidently trace one primary reason to the ongoing SEC court battle with the sixth strongest crypto. The influencer tweeted that SEC has given up on its 2-year struggle of trying to prove XRP is a security. As of this week, the Ripple community “can be pretty confident the worst-case scenario is a fine,” the tweet reads.
The last weekend saw both parties in the ongoing case filing for summary judgment. In other words, Ripple and SEC believe enough evidence has been provided for a verdict outside a court case. They wait for Judge Torres’ decision supporting one side or the other based on already available evidence. A court battle that started way over in 2020 might soon be coming to an end.
XRP is currently trading at $0.4975. | Source: XRPUSD price chart from TradingView.com
Ripple And XRP Community Expect A Favorable Verdict
Like Ben Armstrong, the Ripple community and Ripple Labs are expectant of a favorable ruling. If that happens, XRP will not be considered a Security but a digital asset, just as Ripple intended.
Another crypto influencer predicted that if this happens, it will be the neede...
|SEC v. XRP: Lawyer Explains How Chamber of Digital Commerce Will Help Ri...
As U.Today reported yesterday, the Chamber of Digital Commerce, an independent pro-blockchain association, has filed a motion to intervene in the lawsuit between Ripple and the SEC. As an extremely interested third party in the case, the organization is hoping to get an opportunity similar to the one it was granted in the SEC's case against Telegram.
The news of the chamber's possible participation was received most positively, but there were skeptics who still questioned the advisability of the event. A pro-XRP activist and lawyer known on Twitter as @Belisarius2020 offered his opinion on the news. Thus, the lawyer said that the purpose of the chamber is to give the court the notion that the digital asset and transactions with it are two separate entities.
The court's adoption of the clarification that Ripple transactions with XRP and the independent circulation of XRP are not the same would have prevented the precedent in which cryptocurrency trading in the secondary market becomes securities trading, says lawyer.
Flip the script
At the same time, says the expert, the chamber and crypto industry will get a positive result even if the court recognizes that Ripple sales were investment contracts and, therefore, XRP in this particular case is a security, if at least the need for two separate investigations is recognized.
Therefore I don’t look at the Chamber’s brief as good or not good for Ripple or XRP holders. I do think it important and good for t...
|XRP Suddenly Jumps 8%, Here Is Striking Thing About This Latest Price In...
The XRP price suddenly rose 10%, outperforming the top 10 cryptocurrencies in gains. At the time of publication, XRP was changing hands at $0.354, up 8% in the last 24 hours. In a surprising move, XRP rose from a low of $0.321 to reach a high of $0.358 on Sept. 16.
XRP up 10%, LBC up 11%, DRGN up 5% All implicated by SEC. https://t.co/11YWHxo2f0
— John E Deaton (214K Followers Beware Imposters) (@JohnEDeaton1) September 16, 2022
CryptoLaw founder John Deaton highlights a striking thing about the latest price increase. As XRP rose 10%, LBC, the native token of the LBRY blockchain, was up 11%, while Dragonchain's token, DRGN, was up 5%. Interestingly, these were assets 'implicated by the SEC,' according to John Deaton.
Referring to Ripple's general counsel SEC's Alderoty Twitter comments on the SEC's chair take on securities, Deaton pointed out the SEC's inconsistencies: 'I remember this moment during the oral argument. Although the SEC attorney initially said he would have to think about it, he ended up saying if it can be said that anyone COULD expect a profit, it doesn't require them to actually expect profits. Think about that for a moment.'
He further added, 'Do you see how the SEC chips away at each prong?'
As reported by U.Today, Ripple's general counsel, Stuart Alderoty, aimed at SEC chair, Gary Gensler, for 'misstating' the Howey test set forth by the Supreme Court to determine what is and is not security.
Alderoty wrote: 'Gensler said it's a...
|XRP holders might be in for a wild ride courtesy of this important obser...
Ripple [XRP] is ending the week on a healthy note after what has overall been a bearish week for the crypto market. It experienced noteworthy sell pressure but its bullish performance on 16 September has allowed it to decouple from correlation with the rest of the market.
XRP rallied by roughly 8.92% rally on 16 September, recovering from the downside that it registered earlier in the week. Its charts indicate that the bounce back occurred after a retest of its short-term support.
XRP is now attempting to rally back above its 50-day moving average for the third time since the start of September. There is a decent chance that it might rally past this level at the $0.35 price range if it can garner enough buying pressure.
XRP’s Relative Strength Index (RSI) confirms that bullish pressure has been growing in the last two weeks. This might explain the current bullish volume despite the bearish market conditions. XRP’s RSI has achieved higher lows since the end of September, confirming the growing bullish strength.
Incoming volatile times ahead
On-chain metrics confirmed that whales have been taking advantage of XRP’s improving relative strength. The cryptocurrency’s whale transaction count registered an uptick in whale activity in the last three days. The highest activity occurred on 16 September, the same day that the bullish bounce occurred.
The whale activity might be a si...
|How XRP Pulled Off A 33% Rally Over The Past 7 Days
Ripple (XRP) price has registered an impressive 33% advance above the key resistance zone as seen in the past week.
XRP notably spikes by 10% on September 22
Ripple confident to win legal feud against SEC
The token also skyrocketed 10% as seen on September 22, as the crypto market plunged in a sea of red.
Although a bit of improvement with Bitcoin raking up gains by 4.9% and Ethereum spiking by 7.3%, XRP was still leading that day.
According to CoinMarketCap, XRP price is up by 4.47% or trading at $0.5051 as of this writing.
Update On Legal Feud With SEC Raises Investor Optimism
XRP price demonstrates a surge of over 45% as seen since August. Reportedly, Ripple Labs has recently filed a motion for summary judgment on September 18 which involves allowing the court to wrap it up and make a final decision based on the facts presented in line with whether XRP is to be considered a security.
The recent update on the legal proceedings has stirred some optimism and pumped up investor sentiment regarding the long-term haul of XRP. More so, the open interest of XRP has notably improved as it has increased to $575 million from just $310 million in the past week.
Traders who are looking to get in should wait for the 200-day EMA set at $0.48 to see if it would swing to support in the coming days.
As of press time, XRP’s total market capitalization is at $25.14 billion as it climbed by $3 billion the previous day.
|Biggest Movers: XRP Hits Fresh 4-Month High, Token Climbs 50% This Week
Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%.XRP
XRP was higher for a second consecutive session on Friday, as the token moved to a fresh four-month high.
Following a low of $0.3398 to start the week, XRP/USD rose to an intraday peak of $0.5523 earlier today.
As a result of today's surge, which saw the price climb by over 10%, XRP climbed to its highest point since May 9.
Looking at the chart, the move comes as the token raced past its long-term ceiling of $0.5000, sending the 14-day relative strength index (RSI) to a recent high.
As of writing, the index is currently tracking at 72.57, which is its strongest point since August 2021.
Since earlier highs, XRP has moved lower, as previous bulls appear to have liquidated their positions, securing gains in the process.
Should bears see this as an opportunity to reenter the market, we could see XRP begin to reverse course.
Cronos (CRO) was another notable gainer in today's session, as the token rose past a key resistance level.
CRO/USD surged to a high of $0.1226 on Friday, which saw prices move beyond their recent ceiling of $0.1145.
Today's peak is the strongest point that cronos has hit in the past ten days, pushing CRO close to a ceiling of $0.1260.
In addition to the breakout...
|SEC, Ripple Call for Immediate Ruling in Suit Over Whether XRP Sales Vio...
The U.S. Securities and Exchange Commission and Ripple Labs both filed motions for summary judgment, arguing that a judge overseeing the case has enough information to make a ruling without moving the case forward to a trial.
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs each want a federal judge to rule either that the crypto company affiliated with the XRP cryptocurrency violated federal securities laws or otherwise dismiss the lawsuit without requiring a lengthy trial.
The SEC and Ripple both filed motions for summary judgment in the Southern District of New York, asking District Judge Analisa Torres to make a ruling based on the arguments filed in accompanying documents. The documents were posted to a federal court database Friday.
The SEC sued Ripple Labs, CEO Brad Garlinghouse and Chairman Chris Larsen in December 2020 (a day before former SEC Chair Jay Clayton stepped down from the role) on allegations that it had raised over $1.3 billion by selling XRP in unregistered securities transactions. Ripple maintained that XRP sales and trading did not meet the tenets of the Howey Test, a Supreme Court case that has acted as a way to determine whether something is a security for the last several decades.
The parties have filed various discovery motions over the past two years, without really litigating the actual underlying issue – whether Ripple violated securities law by selling XRP. The motions for summary...
|XRP price breaks out of range with a 25% rally, but why?
XRP attracts buyers after the hope of a positive court ruling triggers a 25% rally above a key longer term resistance level.
Crypto markets are flashing a bit of green on Sept. 22 as Bitcoin (BTC) price tacked on a 4.7% gain to trade above $19,300 and Ether (ETH) surged 6.5% to recapture the $1,300 level.
RSR and Astar Network (ASTAR) also surged by 23% and 17% respectively, but the more notable mover of the day was XRP.
Currently, XRP price reflects a near 25% gain and the asset is up 41% in the past month. According to defense lawyer James K. Filan, on Sept. 18, Ripple Labs filed a motion for summary judgment — a legal process that involves the court making a final decision based on the provided facts, rather than ordering a trial — and a decision on whether XRP is a security is expected by mid-December.
#XRPCommunity#SECGov v. #Ripple#XRP 1/2 The parties have filed a request that any motions by third-parties to seal portions of the parties’ summary judgment filings be filed subject to the Court’s September 12, 2022 order. pic.twitter.com/J6rbeRXmHi
— James K. Filan 113k (beware of imposters) (@FilanLaw) September 19, 2022
Excitement over the news could be improving investor sentiment about the longer-term prospects for XRP.
From the perspective of technical analysis, XRP price is looking to secure a second daily close above a longterm descending trendline resistance and trading volumes and open interest on fu...
|Ripple SEC suit decision: XRP court ruling timing and details in full
The Ripple court case that has lasted since 2020 and will set a precedent for the industry could soon come to an end. Summary judgement motions have been filed by both the United States Securities and Exchange Commission (SEC) and Ripple Labs, the company behind Ripple (XRP).
However, recent developments, including an amicus brief from the Chamber of Digital Commerce, could throw off the expected timeline.
Despite this, XRP has continued to rally throughout the week as investors are hopeful the end is in sight.
Is XRP a security?
In December 2020, the SEC sued Ripple Labs and claimed that it had raised $1.3bn by selling XRP through unregistered security transactions.
Ripple Labs’ chief excutive Brad Garlinghouse and chariman Chris Larsen claimed that the sales were legal. Their argument was based on the Howey Test, a US case that determines whether an asset is a security.
While Ripple does not deny the sale of XRP, the cryptocurrency company argues that it does not meet the criteria of the Howey Test and is therefore not a security.
Meanwhile, the SEC argued in the summary of judgement filing that it met the “investment of money” criteria of the Howey Test.
XRP 30oz White Vacuum Insulated Tumbler Cup w/MagSlider Lid
The post Ripple SEC suit decision: XRP court ruling timing and details in full appeared first on XRP Right Now.
|SEC v Ripple: Demand for a Swift Verdict Helps XRP Price Soar
There are rumors of a Ripple and SEC settlement.
XRP has reached a long-term descending resistance line.
It has broken out from a symmetrical triangle.
XRP has broken out from a short-term pattern and could soon break out from a long-term descending resistance line.Updated Sep. 22, at 4:30 PM UTC: A motion was granted to give deadlines to motions to seal requests that prevent evidence. The final deadline for any motion to seal by by third-parties is Dec. 9 and the final date to oppose any motion is Dec. 22.Updated Sep. 22, at 8:00 AM UTC: The Court has reviewed the request by the Chamber of Digital Commerce for leave to file an amicus curiae brief, and the parties’ responses, and has granted the Chamber’s request.Updated Sep. 21, at 6:00 PM UTC: Stuart Alderoty, Ripple’s General Counsel, responded to SEC Chair Gary Gensler’s claim that all crypto assets aside from Bitcoin are security and should be regulated by the agency. Alderoty said, “You [Gensler] cannot self-appoint yourself as the cop on the beat for crypto… What we’re doing here in the U.S., I think principally through the SEC as an institution, is that we’re elevating politics and power over sound policy. Doing this, you’re not only hurting innovation, innovators, and entrepreneurs like Ripple, you’re also hurting the retail holders of these assets because one in five Americans own or have interacted w...
|2 Possible Reasons Why Ripple (XRP) Price Skyrocketed 50% in a Week
XRP is the best-performing cryptocurrency in the past seven days, and it's not even close. Trading at around $0.50, it's up by more than 50%, leaving all other major altcoins in the dust.
This has had the entire community speculating on possible reasons, so we take a look at two of them that might have caused the surge.
The Ripple-SEC Case
The case between the US Securities and Exchange Commission and Ripple is one that the entire industry is looking at, for the way it ends might have serious implications on other projects as well.
However, Ripple's legal counsel has demonstrated a predominantly confident stance that XRP is not, by any means, security and has even gone so far as to attack the Commission, citing lack of 'investment contract' granting investors rights.
As CryptoPotato reported a few days earlier, Ripple alleged that the SEC's 'untethered position' could deem the sale of all types of ordinary assets, including commodities such as gold, diamonds, soybeans, and so forth - into sales of securities. The company's counsel also added that the watchdog hasn't received such authority by Congress.
Interestingly enough, both Ripple Labs and the Securities and Exchange Commission filed two separate motions that called the Southern District Court of New York to make an immediate ruling on whether the XRP sale violated the securities regulations.
This means that, if put forward, the case won't go any further and may be resolved as quickly as the next few months.
|Biggest Movers: XRP Hits 4-Month High, ALGO up 17% on Thursday
XRP moved to a fresh four-month high on Thursday, which comes as volatility in the crypto markets eased, following the latest U.S. Federal Open Market Committee meeting. The token rose past a key hurdle in today's session, hitting its highest point since May. Algorand was another notable mover, with prices climbing by as much as 17%.XRP
XRP raced to a four-month high on Thursday, after hovering close to this milestone during yesterday's session.
XRP/USD rose to a high of $0.4461 on Thursday, as prices moved past a resistance point of $0.4200.
This surge in price sees XRP hit its highest point since May 12, when the token was trading above the $0.5200 point.
Today's climb sees prices rise by over 10%, and comes as the 14-day relative strength index rose to a multi-month high of its own.
As of writing, the index is currently tracking at 69.29, which is its strongest point in over nine months.
History shows that when price strength climbs to these levels, bears often reenter, as they view prices as being overbought.
As a result, we could see a possible reversal in the coming days.
Algorand (ALGO) was also in the green in today's session, as prices rose by as much as 17% on Thursday.
Today's rally saw ALGO/USD hit an intraday peak of $0.3842, which comes less than a day after trading at a low of $0.3102.
This high is the strongest point that algorand has traded at since mid-August, which is the last time prices also collided with a resistance point of $0.3800.
|XRP Rebounds by 5% as 'Day Is Finally Here' for Ripple-SEC Lawsuit: Deta...
XRP printed a massive green candle on its hourly chart following the news that the Ripple summary judgment briefs were now available to the public. XRP suddenly gained 5% within an hour amid rising expectations in the Ripple lawsuit.
Although it has pared some of its hourly gains, XRP remains up 8.33% in the last 24 hours and 7.43% against the background of several crypto assets, which were mostly trading flat at press time. XRP is presently trading at $0.38 after reaching intraday highs of $0.394. A successful close above $0.365 would mark XRP's third straight day of positive gains.
The optimism also spread to Ripple's rival, Stellar (XLM), which was up 5.86% in the last 24 hours.
According to Ripple General Counsel, Stuart Alderoty, 'The day is finally here' as the Ripple-SEC motion for summary judgment is public. The motions were expected Monday, Sept. 19, so they came quite earlier.
Alderoty shares his hot take on the summary judgment briefs. 'After two years of litigation, the SEC is unable to identify any contract for investment (that's what the statute requires) and cannot satisfy a single prong of the Supreme Court's Howey test. Everything else is just noise. Congress only gave the SEC jurisdiction over securities. Let's get back to what the law says,' he stated in a thread of tweets.
The briefs have elicited several responses from the community. Attorney Jeremy Hogan commented, 'I just read the briefs and the SEC has got a couple of big problems: Its e...
|SEC, Ripple seek summary judgment in attempt to speed up XRP lawsuit
The argument centers around if Ripple’s XRP sales were offerings of unregistered securities.
The U.S. Securities and Exchange Commission and Ripple Labs Inc. Saturday sought a summary judgment in the lawsuit that began in December of 2020 in an effort to conclude the lawsuit without going to a trial.
The U.S. markets regulator and Ripple each filed a motion asking Judge Analisa Torres of the U.S. District Court for the Southern District of New York to make a summary judgment, a type of judgment delivered on the basis of statements and evidence without a full trial.
“Such a summary judgment, if delivered, may lead to an important doctrine that helps lawmakers define decentralized transactions,” Nadia Ho, a New York-based legal consultant for Web 3.0 and tech law, told Forkast.
In December 2020, the SEC filed a lawsuit against Ripple alleging that its sale of XRP — the native coin of the XRP Ledger created by Ripple Labs — constituted an offering of unregistered securities worth over US$1.38 billion. The SEC also named Ripple’s executive chairman Chris Larsen and chief executive officer (CEO) Brad Garlinghouse as co-defendants for allegedly aiding and abetting Ripple’s moves.
The securities watchdog argued in the Saturday filing that Ripple does not dispute that they offered and sold XRP in exchange for “money”, which the SEC said meets the “investment of money” aspect o...
|Ripple Shovels 50 Million XRP to Anon Wallet, Here's What It Means for M...
According to data shared by the WhaleStats platform, which traces large transactions of crypto, over the past 24 hours, a total of nearly 582 million XRP has been moved. This includes Ripple sending 50 million XRP.
Ripple shifts 50 million XRP to unknown address
Five hours ago, as per the aforementioned source, the Ripple giant transferred 50 million XRP to a wallet that Whale Alert tagged as an anonymous one.
However, data shared by XRP-centred Bithomp wallet tracker shows that this massive chunk of XRP was sent to its own alternative address, RL18-VN. As a rule, it is used for sending XRP beyond the fintech giant — to institutional customers and exchanges, to sell or support the coin's liquidity, and to custodial wallets such as BitGo.
Therefore, Ripple is getting ready to inject another 50 million tokens into circulation as its price is going up.
50,000,000 #XRP (18,739,670 USD) transferred from Ripple to unknown wallethttps://t.co/rQlxhY9G9n
— Whale Alert (@whale_alert) September 20, 2022
582 million XRP wired recently
Whale Alert also tweeted that a total of 581.6 million XRP were transferred between exchanges. The largest transactions here were two, carrying 150,000,000 tokens each. One of them was moved from an unknown wallet to FTX crypto trading giant. The other 150 million were sent by whales from Binance to Bittrex.
XRP goes up 10%
At the time of this writing, the sixed largest cryptocurrency, XR...
|XRP Price At $0.40, Can It Hold Onto Its Bullish Revival?
At the time of writing, the XRP price noticed upward movement on its chart. After the asset consolidated for a few days, it finally travelled north.
Over the last 24 hours, the XRP price registered a 6% appreciation. In the past week, the coin has rallied by over 20%.
Buyers were attempting to push the price up, and they finally succeeded over the last 24 hours.
XRP was stuck at the $0.38 price mark for a considerably long period of time, but buyers rescued the altcoin despite broader market weakness.
Continued pressure from the buyers could make XRP move past its immediate resistance, which would make it invalidate its bearish thesis.
On the other hand, if the bulls fail to defend the present price level, then the sellers will take over.
If the sellers take over, then XRP could be pushed close to the $0.30 price mark. At the current moment, XRP rests in a crucial support zone.
XRP Price Analysis: One Day Chart
XRP was priced at $0.40 on the one-day chart | Source: XRPUSD on TradingView
The altcoin was trading at $0.40 at the time of writing. The XRP price had witnessed weeks of consolidation on its chart. Finally, buyers pushed the price above the next resistance mark.
Over the past week, XRP has broken past many resistance lines.
The immediate price ceiling for the coin rests at $0.44 as the altcoin has had difficulty moving past that price level for multiple months now.
On the flip side, the closest support to XRP was at $0.38, and a fall from that level would bring XRP to...
|XRP Outperforms Many By Adding Over 6% Daily In Bloodbath
The crypto market has recorded many devastating events in recent times. Since the market crash in May, crypto asset prices have behaved differently every week. Sometimes price outlook is positive, but other times, it is worse.
From September 15 to date, the volatility in the market has skyrocketed. Asset prices are more bearish than bullish. But amid the bloodbath, Ripple has continued adding instead of losing.
Ripple's XRP Price Keeps Appreciating
Ripple XRP has continued adding at least 6% every day recently. XRP price history from the time of the market crash to date shows that the coin hasn't recorded a terrible plunge yet. It has continued trading around a price range of $0.3733 and $0.3421 through the months after the crash.
Currently, Ripple XRP price stands at $0.3968, showing a price decrease of 5.20% in the last 24 hours, adding over 17% in the week. Early on September 21, the coin gained above 6% before settling down. This price gain is marking a continuous addition in three consecutive days.
On September 20, Ripple XRP gained more than 6.38%, pushing its price to $0.3788. On the same day, its 1-hour gain and 7 days price growth were all green, indicating a positive trend. Following the uptrend, experts predicted that XRP might climb above $0.40, which occurred today.
Ripple was also affected on the merge day as it dipped to $0.3256 at the close of the market. But a few days later, on September 20, ripple spiked to $0.38, kicking...
|Biggest Movers: XRP Remains Close to 4-Month High, as LTC Rebounds on We...
XRP remained close to a four-month high on Wednesday, following a recent breakout of a key resistance level. The token was above $0.4000 for a second consecutive session, which happened for the first time since June. Litecoin also edged higher, after prices rebounded following recent losses.XRP
XRP continued to trade close to a four-month high on Wednesday, as bullish sentiment remained strong within the token.
Following a low of $0.3774 earlier in today's session, XRP/USD raced to a peak of $0.4215 on hump day.
The move comes after the token broke out of its key price ceiling of $0.4000 on Tuesday, hitting its highest point since June 1 in the process.
Although prices have since declined, and as of writing are trading at $0.4044, many still believe that further rallies could come.
Some believe that bulls are targeting the $0.4500 point, which appears to be the longer-term resistance point in XRP.
However, with the 14-day relative strength index (RSI) tracking at 62.45, prices may currently be overbought, leading to an influx of bears, opposed to bulls.
Litecoin (LTC) was also in the green in today's session, and prices rebounded following recent losses.
Following a drop to a two-month low of $50.01 to start the week, LTC/USD rose to an intraday peak of $54.17 on Wednesday.
The drop led to the token falling below a key support point of $52.00, however bulls reentered the market, sending prices higher.
Historically, once above the aforementioned floor, bulls ...
|XRP Skyrockets 20% Weekly on SEC News But There's a Catch (Ripple Price ...
Ripple has increased 20.6% over the last week. After more than 100 days, the bulls were able to close a candle over $0.40 on favorable news associated with the trial against the US Securities and Exchange Commission.
The Daily Chart
The horizontal level at $0.4 (in yellow) - which has consistently prevented the price from increasing - has now turned into support on the daily chart. With a 14% green candle yesterday, XRP bulls have now set their sight higher. If they are successful in taking the price towards $0.49, this would also result in the 200-week and 200-day moving average lines (shown in white) crossing.
It's worth keeping in mind that later today, the Fed is scheduled to announce its decision on whether or not to hike interest rates once again. This has so far caused massive volatility in the market on every occasion.
The bullish sentiment would remain strong as long as the pair does not drop below $0.4. If the buyers are unable to maintain this level, $0.36 is the first significant support.
Key Support Levels: $0.4 & $0.36
Key Resistance Levels: $0.45 & $0.49
Daily Moving Averages:
The XRP/BTC Chart
Against Bitcoin, XRP is currently overly bullish. The recent 40% gains are a testament to that. The horizontal support at 2200 SATs (in red), a significant level in price history, has already been reached.
The 200-week moving average, currently at 2870 SATs, serves as the ...
|Bitcoin Struggles Below $19K, XRP Only Green Asset in Top 10 (Market Wat...
Yesterday's 6% recovery from bitcoin was somewhat short-lived, as the asset has returned below $19,000 as of now.
Most alternative coins are in a similar state, with minor daily losses. XRP has popped out as the only gainer (once again) from the larger-cap alts.
BTC Back Below $19K
Ever since bitcoin was rejected at $23,000 last week, the situation with the asset has been quite dire. It fell by several thousand dollars once the US CPI numbers came out and dropped to $20,000.
While that level held at first, it gave in a day later, and bitcoin found itself trading below it for the first time in weeks. It spent most of the weekend around $20,000 and briefly pumped to $20,500 on Sunday.
However, Monday came with more price losses, and bitcoin slumped to a three-month low of $18,300. The bears intercepted the move and didn't allow any further nosedives. They pushed the cryptocurrency north, and BTC touched $19,500 yesterday.
Nevertheless, it's back below $19,000 as of now, following a 2.5% daily decline. As such, its market capitalization is down to $360 billion, and its dominance over the altcoins has dropped to 39.4%.
BTCUSD. Source: TradingView
XRP Stands Out (Again)
The landscape was largely green yesterday, with almost all altcoins recovering impressive percentages following the bloodbath on Monday.
Now, though, most have calmed and even charted some daily losses. Ethereum was among the poorest performers ever since the Merge took place last Thursday. The asset went from over...
|Ripple (XRP) Adds Over 20% In A Week While Others Plunge Heavily
The May market crash and its resulting bearish trend caused massive losses for investors. But the Ethereum merge adverse effect was an unforeseen force. The crypto market has recorded more pullbacks than rallies since September 15.
Many analysts, especially Ethereum supporters, hyped the merge, making others believe it'll reverse the market. Unfortunately, after the upgrade, Ether and other cryptos crashed. The number one crypto started the day in red, causing more panic in the market. BTC lost 2.38%, pushing its weekly losses to 13.58%.
The same day, there were also massive liquidations across exchanges amounting to $432 million. Fast-forward to September 20, many crypto assets have continued their bearish trend.
Bitcoin managed to add 1.72% in 24 hours, reducing its weekly losses to 10.90%. But the price is still in red on the TradingView chart.
Bitcoin had lost its grip above $19K earlier today. But after adding some percentage gains, the coin regained footing but fell again to $18,968. With a 0.15% loss in the last hour, as seen on CoinMarketCap, the coin price is still in the red and may plummet further before the market closes.
Ethereum has added 1.03% in 24 hours. Its current price stands at $1,352, showing a 0.37% loss on the previous day.
Other coins, such as USD Coin, Binance USD, Cardano, Polkadot, etc., are all red. But while the others bleed, Ripple has championed the gainers in 24 hours.
Ripple's XRP is currently trading above $0.40. | So...
|XRP Giveaway Scam Launched on Crypto Exchange CoinDCX's Twitter Account
The Twitter account of Indian crypto exchange CoinDCX remained compromised for hours on Tuesday.
Hackers posted a fake XRP giveaway scheme through the exploited Twitter handle @CoinDCX to the exchange’s over 230,000 followers. The giveaway message was interspersed with a phishing link.
CoinDCX Twitter Account Exploited
As CoinDCX tried to take control of its compromised Twitter account, it put out an alert through another Twitter handle, @CoinDCX _Cares.
It was also retweeted by CoinDCX officials, including CEO Sumit Gupta. The message cautioned the followers of the exploited status of its Twitter account and warned them not to click on any link or notice that they may receive from the Twitter handle @CoinDCX today.
To make it look natural, the exploiters were retweeting official posts of Ripple Labs CEO Brad Garlinghouse and replied to tweets with scam/phishing links. Users who click on the links in these posts may lose their funds to the scam.
As the problem persisted for more than five hours after being acknowledged by CoinDCX, the loss to the users may be substantial.
Detected by PeckShield
The problem was first detected and reported by blockchain security company PeckShield on intel provided by a Twitter user @aayushrai11. In a tweet alert, PeckShield said, “Seems like Indian crypto exchange CoinDCX’s Twitter account @CoinDCX was compromised & has been used by the exploiter to share links to fraudulent $XRP GIVEAWAY.” ...
|XRP Braces For Turbulence Amid Looming Fed Hike, Ongoing Ripple-SEC Cour...
It seems now that XRP fell short on capitalizing on hopes that Ripple will finally earn a victory on its long-running legal dispute with the U.S. Securities and Exchange Commission as it swayed between profits and losses on September 19.
It can be recalled that the SEC and Ripple Labs, the company behind XRP, agreed to expedite the lawsuit that aimed to determine whether or not the cryptocurrency could be considered a security.
Both parties now want a federal judge to make a ruling on whether or not Ripple Labs violated federal securities laws or otherwise dismiss the lawsuit, ending the legal battle.
With this, New York Southern District Judge Analisa Torres has been asked to make a summary judgment based on the arguments and accompanying documents submitted by SEC and Ripple Labs which were posted on a federal court database on Friday.
Entrepreneur and crypto enthusiast Jeff Sekinger shared some insights about the matter on Twitter, saying that the case was going in favor of Ripple Labs.
Ripple and the SEC both agreed to expedite the lawsuit on Friday to get an answer on whether $XRP is a security or not.
From the updates of the case, it sounds like it’s in the favor of @Ripple pic.twitter.com/SAyl4VLxdM
— Jeff Sekinger (@JeffSekinger) September 19, 2022
The Pressure Of An Imminent Fed Hike
Basing on its September 19 daily candlestick, experts inferred that XRP’s performance showed a possible growing bias conflict among traders, with the cryptocurrency h...
|BTC, ETH Recover 6% Daily, XRP Soars 10% on Latest SEC-Lawsuit News (Mar...
After several days of free falls, bitcoin finally turned the situation around, gaining 6% in a day and reclaiming $19,000.
The altcoins are also well in the green today, with ETH surging by a similar percentage. Interestingly, Ripple has emerged as today's top performer once again.
Bitcoin Back Above $19K
The past week didn't go well for BTC. The asset had jumped to just under $23,000 last Tuesday but failed there, and the upcoming US CPI data brought it south by a few thousand dollars to $20,000.
That coveted level gave in shortly after, and BTC found itself struggling below it on Wednesday. In the following few days, bitcoin remained around that level, mostly beneath it.
However, the asset took a hit at the start of this week when it plummeted to a three-month low of $18,300 (on Bitstamp). Here are some of the possible reasons behind this crash.
Nevertheless, BTC reacted rather positively to this drop. In the hours that followed, it has added more than $1,000 and currently sits at around $19,500. Its market cap stands at $375 billion, while its dominance over the altcoins has taken a breather and is close to 40%.
BTCUSD. Source: TradingView
Altcoins Turn Green, too
The alternative coins suffered just as badly as BTC yesterday, if not worse, but the landscape is entirely different today.
After the Merge took place last Thursday, Ethereum's price headed south violently and dumped by over $300 in days. As a result, ETH plummeted to a multi-month low of under $1,300 yesterday. ...
|Despite Massive Bullish Momentum, XRP Fails to Break Above Key Resistanc...
The announcement that the Ripple vs SEC case would soon be settled led to a significant XRP price boost over the last few days. The below chart shows the highest volume traded in XRP since June 30 as a result of buying pressure.
The Daily Chart
After bottoming out in June at roughly $0.28, the price of XRP surged by more than 30%. This mini-rally resulted in another attempt to break the key horizontal resistance at $0.4 (in red). However, so far, the critical level had rejected those attempts.
In the previous attempt that happened in mid-August, the bears pushed the price to short-term support (in green) around $0.32. After retesting this level multiple times, making it a local bottom, Ripple bounced back for another retest of the $0.4 level. A daily close above the level will be the first sign for the next possible bullish wave.
The asset may break out from the 100-day consolidation period as a result of such a move, though, as of yet, the bears haven't allowed this to occur. This bullish structure is valid as long as the price sustains support at $0.35.
Key Support Levels: $0.35 & $0.32
Key Resistance Levels: $0.40 & $0.50
Daily Moving Averages:
The XRP/BTC Chart
Against Bitcoin, the bulls clearly dominate the market. They have pushed the price above the barrier in the $1,700–1,800 area (in red). If the bullish sentiment continues, the next obstacle will be found at 2000 SATs (in white).
|XRP Price Rallied 7%, Is It Gearing To Test The Next Resistance?
The XRP price climbed 7% over the last 24 hours, turning the technical outlook for the coin bullish. In the past week, the XRP price had not performed too well, but with the recent price surge, it made up for its weekly loss.
Currently, XRP has only lost 2% of its market value in the last week.
Despite most altcoins staggering under the bearish influence, XRP has managed to display positive sentiments on its daily chart. Buyers seemed to have gained confidence in the asset.
The technical outlook also turned towards bullish signals at the time of writing. After registering selling strength over the past few weeks, XRP now trades with increased buying strength.
Bitcoin's price movement is still taking a toll on XRP price movement.
At the current price level, XRP is still trading 89% lower than its all-time high of $3.40. The global cryptocurrency market cap today is $1 trillion, with a 0.1% negative change in the last 24 hours.
XRP Price Analysis: One Day Chart
XRP was priced at $0.35 on the one-day chart | Source: XRPUSD on TradingView
The altcoin was trading at $0.35 at the time of writing. Tight resistance awaits XRP at $0.38 as the altcoin has struggled at that price level for a considerably longer period of time.
Once XRP propels above the aforementioned resistance, there could be a chance for the altcoin to revisit the $0.44 level. On the other hand, support for the coin stood at $0.33.
At the moment, the XRP price is trading quite close to that level. The amount of XRP t...
|XRP Sluggish In Last 7 Days As Ripple Vs. SEC Case Drags On
As new details of the Ripple vs. SEC lawsuit emerged, the price of XRP felt sluggish in the last week. As of this writing, the price of XRP fluctuates at $0.32903, a 7.80 percent decrease from its latest high of $0.35874 on September 7.
This price decrease is not surprising given the magnitude of the ongoing court showdown between Ripple and the SEC.
Multiple exchanges have delisted the currency since 2021, further depressing its value.
There has been $1.2 billion worth of XRP traded in the last 24 hours. Trading started at $0.3439 for the XRP/USD pair on Saturday, reaching a high of $0.3576 and a low of $0.3438.
XRP Future To Be Determined By Ongoing Court War
Since its inception, Ripple Labs' XRP has been the native coin of the XRP Ledger, and its market value has kept it in the top 10 of all cryptocurrencies almost every day.
While the US Securities and Exchange Commission has been trying to exert its authority over the cryptocurrency market, Ripple has stated that the SEC is not being fair.
The SEC sued Ripple in December 2020 for more than US$1.38 billion, claiming that the issuance of XRP constituted an unregistered securities offering.
The SEC also charged Chris Larsen, the executive chairman of Ripple, and Brad Garlinghouse, the CEO, with aiding and abetting the company's infractions.
Meanwhile, the Chamber of Digital Commerce, a cryptocurrency industry association, has requested to join the case between Ripple Labs and the SEC as an amicus curiae...