XRP continues to disappoint its investors and community, by being unable to sustain anything resembling a rally over the course of the last year. Prior to that, each short-lived rally was sold down by Ripple themselves, further crushing any hope for positive momentum.
But now, a massive surge in volume after XRP exploded out of recent lows, suggests that the third-ranked crypto by market cap will finally pump and recoup the gains it lost during the bear market.
Spiking Trading Volume Indicates That XRP May Be Ready to Pump
Earlier in the year, XRP was among the altcoins that broke out from two-year downtrend lines, only to be strongly rejected back below them by the coronavirus-fueled Black Thursday selloff last month.
The powerful collapse sent XRP from nearly 30 cents per token to as low as 10 cents, setting a new bear market low for the third-ranked cryptocurrency by market cap.
Related Reading | XRP Buy Signals Stacking on Multiple Timeframes May Spark Ripple Recovery
Enormous sell volume supported the move down as stop losses were hit, and investors panic-sold fearing the worst. However, a retest of that lows recently put in on the XRPBTC trading pair, also saw an explosion in buying volume, which could indicate that the bottom is in, and XRP could soon surge, according to one crypto analyst.
Wouldn't be surprised to see $XRP finally pump. Some good volume flowing in off the lows after high volume selling was absorbed. If alts are strong it's one to watch to see if it follows $ETH pic.twitter.com/DySoyW9qZl
— Pentoshi (@Pentosh1) April 23, 2020
Will a Ripple Effect Kick Start a New Altcoins Season?
The analyst also concludes that this could be a signal that altcoins are showing strength, and Ethereum could follow XRP and outperform BTC in what crypto traders refer to as an altcoin season.
Major buy signals have triggered on the XRPBTC trading pair across multiple timeframes, further supporting the theory that XRP will soon experience a massive pump and cause alts to thrive once again.
Related Reading | XRP Reclaims Downtrend Line After False Breakout, What’s Next?
Further adding validity to the theory that an alt season is around the corner, is a breakdown of Bitcoin dominance from a long-term trendline. Now that the trendline has broken, and a bearish retest was confirmed, BTC dominance could soon plummet and give altcoins room to shine once again.
Alt season typically lead to life-changing wealth, and after over a full year of consolidation at lows, the asset class will either soon surge once again, or will eventually go to zero. Some analysts are telling investors to be prepared to go down with the altcoin ship, while others are accumulating at low prices in anticipation of mark up.
But what actually comes next is anyone’s guess. Will recession crush this asset class, or will inflation caused the fixed supply assets like XRP to surge?
Featured image from Pixabay origin »
At press time, 68.4% of top XRP traders on Binance held long positions
XRP could soar by another 45% on the charts to hit the $4.5-level
XRP, at the time of writing, seemed poised to continuThe post XRP - $84M in token outflows, but is a 45% price rally next? appeared first on AMBCrypto.
XRP's impressive rally clears short liquidations, but raises risks of a long squeeze
Elevated risk metrics and thin liquidity below $2.50 hinted at heightened volatility ahead
XRP investors The post With XRP's price rally now at risk, is it time for traders to get out? appeared first on AMBCrypto.
Whale transactions over $1M signaled strategic accumulation, driving XRP's bullish undertone.
Price consolidated near $2.20–$2.50; a breakout could trigger bullish momentum
XRP recently wiThe post XRP whales are accumulating fast - Hinting at a massive rally ahead? appeared first on AMBCrypto.
XRP surpasses 1.618 Fibonacci level, analysts eye a potential 6,800% rally to $168 this cycle.
Strong uptrend confirmed as XRP trades above 20, 50, 100, and 200-day EMAs, showing bullish momentThe post XRP trades above key EMAs - Analysts predict a 6,800% rally to $168! appeared first on AMBCrypto.
Should it maintain its current momentum after breaking out of its descending channel, XRP can reach $0. 74.
A rise in active addresses and a decline in supply underpin the surge, indicating stroThe post XRP can rally to $0.
XRP showed signs of bullish momentum after bouncing off critical support at $0.5557.
Metrics signaled a continued bullish rally.
XRP has shown signs of a comeback, as it increased by 4% afteThe post XRP bulls emerge: Is a rally towards $0.64 on the horizon? appeared first on AMBCrypto.
XRP has been consolidating inside the bull pattern since last year.
The token might retest the pattern before beginning a bull rally.
The crypto market somewhat turned sluggish in the lastThe post Is XRP poised for a new rally this week? Find out here! appeared first on AMBCrypto.
XRP has declined in the last 24 hours.
The sentiment has remained positive despite the decline.
Ripple's XRP is experiencing one of its strongest price trends in recent months, marking it asThe post XRP climbs 38%: Is this the start of a bull rally? appeared first on AMBCrypto.
In recent trading activities, XRP has taken a significant hit in its latest attempt to rally toward its previous high of $0. 6360. Despite initial bullish momentum suggesting a potential breakout, XRP could not sustain its upward trajectory.
A crypto analyst has identified key indicators that point to a substantial rally for XRP, the native token of the XRP Ledger (XRPL). According to the analyst, XRP is poised to rebound from its bearish trends and soar to new all-time highs XRP To Mirror 2017 Rally To New Highs In an X (formerly Twitter) post in June, crypto analyst, Tylie Eric expressed bullish optimism about XRP, emphasizing the cryptocurrency’s potential for a major rally this year.
XRP's trading volume has declined by 53%, but the market remained undecided.
XRP sustained consolidation leaves analysts optimistic of a rally up to $20.
With Bitcoin [BTC] declining by 5.
XRP was down by more than 4% in the last seven days.
Most market indicators remained bearish on the token.
Like most cryptos, XRP was also facing trouble of late as it failed to raise itThe post XRP at a crossroads: A drop to $0.
XRP saw a minor rally.
Ripple has reclaimed the $0. 5 price range, and has kept climbing.
After enduring consecutive significant declines, Ripple [XRP] appeared to experience a rally in theThe post XRP reclaims $0.
XRP has demonstrated significant strength for a while now, securing its spot as one of the best-performing cryptocurrency assets by market cap, after surging to its highest level since November. XRP To Yield Gains From April Rally The crypto community is buzzing about XRP’s latest price spike as several analysts predict the surge will be the start of the eagerly anticipated rally.
As reported by ZyCrypto recently, several analysts are predicting an XRP rally to $1. While some are more cautious in their analyses, all agree that the XRP rally is closer than it seems.
XRP has been struggling to gain upside momentum over the past couple weeks, with prices declining more than 10% from early November highs of $0.72 to current levels around $0.61. However, according to prominent Ripple analyst Dark Defender, XRP may be carving out a bullish cup and handle pattern that could precede a rally to […]
The post Ripple (XRP) Price Outlook: This Pattern Points to Potential Rally to $1.88 appeared first on CaptainAltcoin.
The XRP price continues to enjoy positive performance as the crypto market trends to the upside. The current rally confluences with the sector’s historical performance; thus, cryptocurrencies could extend their bullish trend.
Addresses holding 10,000 to 10 million XRP increased the value of the token in their portfolio.
XRP may not be able to hold on to its hike following a series of profit-taking despite increases The post Could XRP be set for another repeat of July’s rally? appeared first on AMBCrypto.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
XRP remained fully bearish, but multiple iThe post XRP: Will surging demand kick-start a rally? appeared first on AMBCrypto.
Despite the recent rally in the global crypto market capitalization, Ripple's native token XRP remains stagnant at around $0. 38. Recent on-chain data reveals that XRP whales have entered a selling frenzy, offloading nearly 30 billion tokens in the past week.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
XRP jumped above its 200 EMA to depict increasing buying prThe post Gauging if XRP's previous bull run can trigger an extended rally appeared first on AMBCrypto.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
XRP's previous patterned breakdown entailed a bearish engulfinThe post Tracing XRP's extended growth potential after its most recent rally appeared first on AMBCrypto.
XRP price has breached an ambiguous pattern favoring the bulls but spends moving sideways. This lack of volatility is what’s causing the remittance token to remain mum. However, a resurgence of inveThe post Why XRP is well positioned for an explosive 45% rally to $1.25 appeared first on AMBCrypto.
XRP kicked off an intense and unexpected uptrend yesterday, which led the embattled cryptocurrency to rally over 10%, marking a significant outperformance of Bitcoin and the aggregated market. This momentum has not been fleeting thus far – as the crypto is now in the process of posting even further gains as bulls attempt to push...
It appears that XRP’s strong price action over the past several days was bull’s attempt to lay the groundwork for a massive upside movement. XRP is now caught within what appears to be a firm uptrend that has allowed the cryptocurrency to significantly outperform both Bitcoin and most major altcoins, which has also led it […]
The post These key factors could propel XRP further after its “highly bullish” 11% rally appeared first on CryptoSlate.
Bitcoin, along with many other cryptocurrencies, especially Chinese ones, has exploded over the weekend on China’s intention to explore the potential of blockchain. However, Ripple’s XRP is trading relatively at the same level as last Monday.
XRP Poised for Rally? While Bitcoin’s rally has paused, for the time being, the Ripple-backed XRP may be poised to run, according to a prominent analyst anyway. Ever since 2018’s collapse, XRP has been underperforming.
Ripple price extended its rally above the $0. 4500 and $0. 4700 resistances against the US dollar. The price tested the $0. 4800 area and it looks set to extend gains above $0. 5000. Yesterday’s highlighted important ascending channel is intact with support near $0.
While most of the crypto markets have experienced a massive price rally, with Bitcoin only lagging slightly behind following its weekend leap, XRP has been one of the highest gainers on the day. After struggling.
After weeks of stagnant movement, XRP finally joined the market rally driven by the bulls. XRP was priced at $0. 432 with a market cap of $18. 84 million. Stellar Lumens [XLM] is at the 9th position on CoinMarketCap, and was priced at $0.
Ripple (XRP) rally, add 44. 2 percent An Ethereum (ETH)—Ripple (XRP) flip could happen in days After a six-month consolidation, the stage is ready for Ripple (XRP). Up 44. 2 percent at the time of press, XRP is closing in on Ethereum (ETH) and could flip the asset if there is a ballpark 25 percent price increment.
With Blockchain week in full swing and several announcements buoying the market, the overall capitalization surged over $245 billion for the first time in months. At the head of this rally is XRP, which is making immense gains after trailing competing coins for most of 2019.
Today’s Latest Ripple (XRP) News Updates and Analysis Well, the Ripple community and in particular, the XRP Army are ecstatic. Coinciding with the Stock Market slump, Trump decision to pump up the pressure on China and the rally of Bitcoin and other asset prices, Ripple (XRP) bulls are back. But, this hasn’t been the case […]
For the past week, the crypto-community has displayed a sharp comeback, with Bitcoin [BTC] breaching the $8000 mark and XRP recording 20% growth in trading value. While XRP is positioned to maintain its upward trajectory, XLM has also begun its swift recovery from the crypto-winter.
Bitcoin’s resilient bullish rally over the past two weeks lifted the prices of almost all altcoins, owing to the domino effect that the king coin had on the collective market. However, XRP failed to post any consistent improvement in valuation, settling for meager single-digit rises over the past week.
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.
