Bitcoin has mounted a strong 6% comeback over the past 24 hours, but this hasn’t stopped XRP from underperforming, posting a gain of 1% in the same time frame.
While a small difference, analysts think that this underperformance is a precursor to a strong drop in the price of the altcoin. Two analysts, in fact, expect for XRP to head towards the $0.125-0.13 moving forward.
XRP Still Has a Harrowing Outlook
In reference to the chart below, a top crypto trader recently said he expects XRP to trend towards $0.13 in the coming weeks, noting how the cryptocurrency recently fell below a key uptrend and was rejected at two key moving averages.
XRP falling to $0.13 from here would mark a more than 30% from the current price of $0.20.
Bearish XRP chart from “Posty” (@PostyXBT on Twitter), a prominent cryptocurrency trader.
The trader’s outlook was recently shared by Nik Patel — a prominent cryptocurrency trader and author — who wrote in a recent analysis that XRP could see a “swift move below $0.175″ and eventual retest of the $0.125 range lows in the coming weeks.
Altcoins Poised to Underperform
Adding to the bearish technical case for XRP, analysts expect altcoins, in general, to underperform BTC moving forward due to fundamental factors.
Kelvin “SpartanBlack” Koh — a partner at crypto investment fund The Spartan Group — recently shared to Twitter that he expects “most alts [to] underperform” in the coming months.
Most alts will underperform. Selective few will outperform and I mentioned some of them that we like incl. $KNC, $BAND, maybe $LINK and $ETH. I am sure there are others that we will find along the way with specific catalysts that will outperform other certain time periods.
— SpartanBlack (@SpartanBlack_1) May 14, 2020
Koh isn’t alone in sharing this belief.
As reported by Bitcoinist previously, the lead technical analyst at crypto research firm Blockfyre recently remarked that as Bitcoin slows down, “altcoins are really going to struggle,” adding this market segment has “max pain” ahead of itself.
Along with citing a technical analysis case for this sentiment, he further backed it up with fundamentals. On why altcoins are largely unconvincing investments, he wrote in April:
“The reason the alt pumps are unconvincing is because they have followed the same patterns. IEO’s, Interoperability, privacy coins moving together. It’s coordinated as it has been the last 3 years instead of all ships rising together.”
Bitcoin Rally Could Change XRP’s Downtrend
A confluence of analysts may be bearish on XRP, but a strong rally in the price of Bitcoin could counteract the harrowing outlook. After all, when BTC rallies strongly, altcoins normally follow suit.
Analysts are currently divided over Bitcoin’s short-term future, making a drop in the price of XRP that much more likely.
For instance, the same analyst that called Bitcoin would retrace to $6,400 months before it did in 2020 recently noted that a previous rally in BTC’s history is structurally similar to the one we just saw.
This so-called “fractal” predicts that the cryptocurrency will fall to $6,400 in the coming weeks, which would be a 0.5 Fibonacci Retracement of the rally from the $3,700 lows. A move to $6,400 would mark another 25% worth of losses from the current price point.
Photo by Bradley Dunn on Unsplash origin »
XRP may have a new catalyst that could push its price higher following the ongoing consolidation phase. Ripple (XRP) was trading at $2.67 on Friday, where it has remained for the past few days. This price is approximately 50% above…
XRP has been forming a red bearish candle since the beginning of February, which is a result of a price crash that took place at the start of the month. Although THE ALTCOIN has since recovered slightly, it has yet to return to its January open.
XRP price is moving higher from the $2. 320 support zone. The price must clear the $2. 50 and $2. 52 levels to start a fresh increase in the near term. XRP price started a decent upward move from the $2.
XRP’s price continued to remain under severe pressure on Friday. At the time of writing, XRP price was down over 6%, trading at $2. 30 after hitting an intraday low of $2. 29 and a high of $2.
XRP’s price trajectory remains a focal point for investors as analyst Zach Humphries explores the possibility of substantial gains in February. He proposes that a possible price increase of 50-60% could elevate XRP to the $5 level influenced by various important factors.
XRP price started a strong increase above the $2. 850 zone. The price is now correcting gains and showing positive signs above $3. 00. XRP price started a downside correction from the $3. 220 zone.
XRP price struggled to continue higher above the $3. 25 level. The price is now correcting gains and might find bids near the $3. 00 level. XRP price started a downside correction from the $3. 250 zone.
XRP price started a fresh increase above the $3. 250 level. The price is holding gains and might start another increase if it clears the $3. 180 resistance. XRP price traded toward the $3. 35 level before it corrected some gains.
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XRP price started a fresh increase above the $3. 050 level. The price is holding gains and might continue to rise if it clears the $3. 20 resistance. XRP price gained over 15% and rallied toward the $3.
XRP price started a fresh increase above the $3. 00 level. The price is up over 15% and might continue to rise if it clears the $3. 40 resistance. XRP price gained over 15% and rallied above the $3.
The price of XRP shot up by 14% today. More people are trading it too – the volume is up by 158%. However, for the first time since 2017, XRP broke past $3. Several things pushed the price up, especially some big regulatory news and a strong price breakout.
Amid the ongoing dynamic evolution of the cryptocurrency market, XRP price has gained traction with predictions that the price target will reach $5 by 2025.
Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1. 95 price level as being crucial as it could determine XRP’s next move.
Despite rising by over 250% in 2024, XRP price could test $1. 96 as 2025 starts. Eyes are on the outcome of the US SEC appeal. Amid the XRP price uncertainties, iDEGEN has emerged as a possible alternative investment.
The XRP price shows signs of potential bullish momentum, with a crypto analyst predicting that new ATHs might be within reach. The analyst recently highlighted the XRP price action and the accompanyinThe post Crypto Analyst Says New XRP Price ATHs On The Way, Here’s Why appeared first on AMBCrypto.
The XRP price has continued its steep correction into the past 24 hours, with it currently hovering around the $2. 2 price level. Nonetheless, analysts are still concerned about the possibility of the XRP price reaching new highs sooner than later, with some giving projections into the two-digit threshold at $10 and beyond.
XRP price started a fresh decline from the $2. 38 zone. The price is consolidating and might struggle to start a fresh increase above the $2. 30 resistance zone. XRP price struggled to clear the $2.
XRP price remained stable above the $2. 20 support zone. The price is consolidating and might aim for a fresh increase above the $2. 40 resistance. XRP price remained stable above the $2. 20 zone. The price is now trading below $2.
As the cryptocurrency market faces a significant price correction—led by Bitcoin (BTC) and Ethereum (ETH), which have retraced 2. 2% and 4. 6% respectively—the XRP price shows early signs of a potential explosive surge.
XRP price started a fresh decline below the $2. 350 zone. The price retested the $2. 20 support zone and is currently attempting a recovery wave. XRP price started a fresh decline from the $2. 720 zone.
XRP price has sharply risen, recently reaching $2. 37, driven by renewed market interest and ecosystem growth. While XRP price continues to dominate the headlines, top analysts now believe its alternatives, Stellar (XLM) and Propichain (PCHAIN), could also hit the $2 mark by 2025.
Recent price action in the overall crypto market has seen the XRP price reversing into bullish momentum in the past 24 hours. Notably, buying trends and mentions on social media show that the bullish sentiment has never departed from XRP, even during its price rejection at the $2.
XRP price started a downside correction from the $2. 50 zone. The price is now consolidating gains and might aim for a move above the $2. 4650 resistance zone. XRP price started a fresh increase above the $2.
XRP price started a fresh increase above the $2. 40 resistance zone. The price is now consolidating gains and might aim for a move above the $2. 450 resistance zone. XRP price started a fresh increase above the $2.
XRP price remained in a range below the $2. 50 zone. The price is consolidating above $2. 150 and might aim for a fresh increase above the $2. 40 level. XRP price started another decline and traded below the $2.
The XRP price is currently experiencing corrections after a dramatic six-week rally. Notably, the XRP price recently peaked at $2. 82, reaching its highest level since January 2018, before retreating in the past 24 hours.
XRP has experienced significant volatility in recent days after a dramatic rally in November with its price retreating from recent highs. However, while the XRP price correction is concerning, on-chain metrics suggest that bulls are still in control.
The XRP price action in the past few weeks has been nothing but phenomenal. Particularly, the XRP price has surged by over 460% from its $0. 5 range at the beginning of December to peak at $2. 82 within the last 24 hours.
XRP price saw a couple of swing moves from the $2. 85 resistance. The price is consolidating near $2. 50 and might aim for more gains above the $2. 65 level. XRP price is struggling to gain pace for a move above the $2.
XRP price is up over 50% and trading well above $2. 50. The price is consolidating near $2. 70 and might aim for more gains above the $2. 80 level. XRP price is eyeing a fresh increase above the $2.
XRP price is up over 30% and trading well above $2. 20. The price is consolidating near $2. 40 and might aim for more gains above the $2. 50 level. XRP price is eyeing a fresh increase above the $2.
Crypto analyst Dark Defender recently shared a chart on X (formerly Twitter) suggesting a bullish outlook for XRP’s price, with projections indicating a potential rally to $6. 42. The accompanying tweet provides detailed price targets and insights into XRP’s market structure, igniting interest within the crypto community.
XRP has surged past the $1. 62 level, placing it less than 5% away from the crucial $2 mark. This impressive rally has seen the price gain over 50% since last Tuesday, capturing the attention of both investors and analysts.
XRP price is consolidating gains near the $1. 450 zone. The price must clear the $1. 50 resistance zone to start a fresh increase in the near term. XRP price is attempting a fresh increase from the $1.
Assessing the XRP price prediction, as the altcoin was up nearly 200% in November.
Can the uptrend extend amid renewed whale interest?
Ripple [XRP] rallied nearly 200% in November, soariThe post XRP price prediction - Will whale demand drive price to $2? appeared first on AMBCrypto.
Crypto Feed News shared on CoinMarketCap that Cardano’s (ADA) price recently surged past $1 after a 50% rally in a week, while XRP’s price is trading at $1. 46 following its upward momentum.
XRP price surged further above the $1. 45 and $1. 50 resistance levels. The price is now consolidating gains near $1. 40 and might aim for more upsides. XRP price started a fresh surge above the $1.
The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.
XRP price keeps getting stronger. The price is surpassing the $1. 0 mark with a bigger gap. Some analysts believe that this is only the beginning, as the price is expected to go higher. Armando Pantoja on X notes that XRP is currently moving past a crucial resistance and is targeting the 0.
Ripple’s XRP has been a subject of interest in the crypto space following its unfamiliar rally, which started about two weeks ago. Analysts have been employing various indicators and strategies to predict what might happen next to the coin.
XRP price is correcting gains from the $1. 185 resistance zone. The price might revisit the $1. 00 support before the bulls appear. XRP price started a downside correction below the $1. 120 level. The price is now trading below $1.
XRP price is consolidating gains above the $1. 050 support zone. The price could soon aim for more gains above the $1. 180 resistance zone. XRP price started another increase above the $1. 080 resistance.
Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum.
Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst A market observer even claimed that XRP is on track for a massive price rally in the ongoing digital asset bull market as many cryptocurrencies are hitting all-time highs due to the positive outlook on the industry.
The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.
Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.
On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.
On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.
On-chain data shows the XRP whales have participated in a large accumulation in the past week, which could be bullish for the asset’s price. XRP Whales Bought More Than 140 Million Tokens Over The Past Week As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased their supply share recently.