XRP hasn’t been excluded from the recent rally in the cryptocurrency market. From its lows in March of $0.11, the second-largest altcoin has gained over 100% from the lows. As Bitcoin topped $9,400 last week, the altcoin topped $0.23, showing strength after a macro downtrend.
This recovery aside, top analysts believe that the cryptocurrency is currently in a bearish macro position. One prominent trader went as far as to say that it is the “last stand” for XRP holders.”
It’s the “Last Stand” for XRP Holders
According to Peter Brandt, commodities and asset trader since 1980 and a technical analysis author, the XRP/BTC chart is currently printing a “desperate last stand” for bulls:
“This chart tells me the bag holders (who need to dump > 40 Bil XRPs) are supporting XRP/BTC at .000023 to .000024 as a desperate last stand. Sellers more aggressive since Oct ’19 If the bag holders back away, look for decline to .000011,” Brandt wrote, referencing the near loss of support in the chart depicted below.
Brandt added in a later tweet that the asset is “on its way to zero.” Although a stunning statement considering the recent rally, he made a similar comment in the past, noting in March how XRP’s chart is macro bearish.
Far From the Only XRP Bear
It isn’t only Brandt who thinks XRP is poised to see a dramatic drop against Bitcoin.
Per previous reports from Bitcoinist, Josh Olszewicz, a crypto analyst at Brave New Coin, recently shared the below chart.
Like Brandt’s chart, this chart shows that XRP is breaking down from the lows of the past eight months after managing to hold them for months on end. The chart also shows that the asset is entering a region that has a lack of historical liquidity, implying prices could fall through these levels quickly.
Chart from Josh Olszewicz
The technicals have only been corroborated by the on-chain metrics.
Olszewicz said in a video analysis on the cryptocurrency that XRP’s on-chain outlook for the large cryptocurrency is currently looking far from positive.
Both average transaction volumes and the number of active addresses on the XRP ledger have decreased since 2018’s highs. Simultaneously, XRP’s NVT, a ratio used to determine the economic activity of a network, has trended lower.
It’s Time for Bitcoin to Shine
Whatever your thoughts are XRP’s trajectory, analysts say that Bitcoin will soon outperform a majority of altcoins. Should this assertion hold true, that means XRP/BTC’s drop is somewhat inevitable.
The head of technical analysis at Blockfyre wrote late last month that the incoming volatility related to the halving will “rekt” altcoins. He continued that from how he sees it, altcoins are always a “game of musical chairs” because they rally for reasons not based in fundamentals:
“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.”
Photo by Robert V. Ruggiero on Unsplash origin »
XRP has a track record of bouncing back when BTC hits its peaks
If the right factors align, a $4 target could soon be within reach
XRP’s surge past $3, driven by whale accumulation, has The post Is HODLing XRP the right move for the altcoin's investors now? appeared first on AMBCrypto.
XRP surged by 12.91% over the last 24 hours
Analyst believes a move to $11 may be likely if the altcoin breaks out beyond $2.73
Since declining to a low of $2 four days ago, XRP has made conThe post XRP to $11? Looking into what's next for altcoin after 12% weekly hike appeared first on AMBCrypto.
The cryptocurrency market is awake with whispers as the XRP price takes a hit, shaking the confidence of many Ripple investors. While XRP has long been a favorite, its recent struggles have prompted a massive shift toward WallitIQ (WLTQ), an Ethereum-based altcoin priced at just $0.
XRP registered a double-digit decline in the last 48 hours
Many addresses have become more active recently
XRP has been at the end of significant price movements over the last few days, hittThe post XRP market watch - Can network activity help altcoin after 9% drop? appeared first on AMBCrypto.
XRP hinted at a price increase amid decreasing blockchain transactions.
Demand for the token by new investors remained low.
XRP seems determined to strike out some of its losses, if signals The post XRP shows bullish signs: Will the altcoin finally cross $0.50? appeared first on AMBCrypto.
XRP tumbled as Ripple moved 50 million tokens, causing a market stir.
The overall market sentiment for XRP is mixed, with neither the bulls nor the bears in control.
Ripple's [XRP] recent prThe post XRP's rally hits major roadblock: What will the altcoin do now? appeared first on AMBCrypto.
Blockchain research firm Kaiko says XRP liquidity has improved “significantly” in the U. S. after July’s court ruling in the case against the SEC. Ripple’s token XRP has become the most traded altcoin on U.
Following favorable ruling in Ripple v. SEC case, XRP's impressive gains could herald onset of altcoin season, outlook endorsed by Glassnode co-founder Yann Allemann
By CCN Markets: Since late June when the Ripple (XRP) price reached its 2019 high near $0. 50, the cryptocurrency has plummeted nearly 50 percent. Currently, XRP is trading at $0. 26, and at least one analyst believes it's primed for a major recovery.
Bankera, a cryptocurrency exchange in the process of assembling a “blockchain-era bank,” has expanded its assortment of cryptocurrencies offered on the platform. The third-largest coin by market cap, XRP, is the newest addition to the platform.
Another week, another of Crypto Tidbits. Bitcoin (BTC) bulls continued to show their faces after a brief lull. Per data from Coin360, the leading cryptocurrency is up 6% over the past seven days.
San Francisco based fintech firm Ripple is reportedly working on a number of potential investments and acquisitions following its acquisition of MoneyGram. Meanwhile its native token, XRP, continues to slide in an altcoin avalanche that is starting to gather pace.
Ripple a San Francisco-based fintech company and creator of the XRP (XRP) altcoin, has added the University of Tokyo and Kyoto University to its University Blockchain Research Initiative (UBRI), a project focused on collaborating with universities across the globe to carry out academic research on distributed ledger technology (DLT), cryptocurrency and digital payments.
If ‘altcoin season’ happened today what would the cryptocurrency prices look like? What about if Bitcoin continues to reign supreme and BTC dominance keeps rising? We model different BTC dominance scenarios and show the price implications on Ethereum, XRP, Bitcoin Cash, and Litecoin—providing a best-guess estimate of what the markets could look like.
XRP to Collapse to $0.16? XRP may be in for a harrowing next few weeks. Just as fast as bulls have brought this market to and past $10,000, bears have slammed Bitcoin, pushing the leading...
The post XRP to Fall by 50% if Bitcoin Sees “Immediate Correction”: Altcoin Skeptic appeared first on Ethereum World News.
Ripple’s XRP continues to struggle to stay above $0. 40, a key support position for the altcoin. Recent movements from Bitcoin and Ethereum, the only two larger cryptocurrencies by market cap, would suggest that the asset is having a prosperous year.
Xpring, the incubation and investment arm of Ripple, the distributed ledger technology (DLT) project in charge of the XRP altcoin, has hinted that it has invested $500 million in over 20 startups. Each of the small businesses is using Ripple’s platforms and products to grow the decentralized ecosystem, reports Finance Magnates’ report on July 4,Read MoreRead More.
As bitcoin roars back into a bull market, traders are eagerly awaiting “alt-season,” a parabolic jump in altcoins that historically follows bitcoin’s rise. But they’re going to be disappointed.
Ripple (XRP) prices down 6. 4 percent Money Tap welcome more banks as Bitrue lose $4. 2 million Noticeably, the altcoin season is far from impressive. XRP is under pressure and liquidating encouragingly above support levels.
Bitcoin’s meteoric rally continues as the price nears $12,000. Meanwhile, altcoin/BTC pairs—including Ethereum, XRP, and Litecoin—are getting decimated as funds flow into the predominant cryptocurrency.
Crypto markets falling back on Monday; BSV, XRP, and Tron dropping back, Litecoin and NEO stay afloat. Market Wrap Crypto markets are seeing red as we begin another trading week. Most of the majors are in decline following Bitcoin’s failure to hold gains and break $8,000.
XRP, the second largest altcoin in the market, bottomed out of its sluggish market performance last month and led the market with its frenemy, Stellar Lumens [XLM]. After falling by over 12 percent on a year-to-date basis, XRP was buoyed following announcements from Coinbase and Nasdaq, and the fact that it broke its 200-day moving […]
The post XRP price versus on-balance volume comparison reveals shady hoarding on Bitfinex & Binance, claims analyst appeared first on AMBCrypto.
Ripple’s XRP is still recording prices below $1 despite being the third largest altcoin in the crypto market. We can see a whole variety of Altcoins surprising investors thanks to the amazing runs they are making, while XRP’s price just seems to keep its stability, not even reaching the $0.
Coinbase added EOS to its retail platform and mobile apps. The move will provide market access to the cryptocurrency for millions of retail investors. EOS represents the largest altcoin added to the Coinbase retail platform since XRP was added this February.
In TRON’s early days, the Tron Foundation created the asset as a solution to some entertainment-related problems. However, after a while, they saw that their reach could extend past entertainment and entered Decentralised Applications (DApps).
The day began slowly for XRP but has panned out to be one of its more profitable ones. Having begun the day with marginal gains, the altcoin has gained momentum and soared late in the day by more than 6%.
XRP, the third largest altcoin in the market, has once again come to the fore and is now on the verge of a massive upswing mirroring the bullish rise of Bitcoin [BTC]. On the back of the recent price push, the altcoin has entered its Golden Cross.
On the back of the most successful week for XRP, the second largest altcoin in the market has broken, what could be equated to the first inkling of the Bitcoin [BTC] bull run. Following Coinbase’s greenlight to its New York customer to engage in XRP trading, the altcoin shattered its 200-day moving average.
Bitcoin price in red, Dominance falls XRP ripe for gains while XLM up more than 16% despite network failure Total market cap reaches $247 billion, last hit in August 2018 Bitcoin has turned red by 1.
After a strong couple of days for Bitcoin, the leading cryptocurrency seems to have slowed down. Bitcoin, which had earlier in the week soared to as high as $8,300, seems to have found support just above the $8,000, mark and settled just above the $8,100 position.
Mirroring previous upswings, Bitcoin’s [BTC] bullish rise isn’t looking to slow down anytime soon. Notably, some coins have failed to join the party. The most significant coin among them, XRP.
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.
Mid May Update: Technicals XRPUSD finally broke out of the ranging horizontal channel it was stuck in for the last 6 months. It rocketed to $0. 41 and we are now waiting to see where does the flight makes a pause.
Over the last three weeks, Bitcoin decoupled from the overall crypto market, with the coin’s market cap over 60 percent. In fact, at the time of press, Bitcoin’s dominance is 60. 15 percent.
While the crypto-verse regained prominence among mainstream investors, XRP and Stellar Lumens [XLM] still rank as the worst performing coins. Both altcoins displayed consistent downtrends, while failing to post any significant gains.
XRP and XLM have seen better days and can definitely do better, considering Bitcoin’s rally failed to push its prices up considerably. Almost every altcoin, including XRP and XLM, are failing to pump, even though Bitcoin breached the $6,000-level.
Despite the crypto-market gradually recovering from the depths of the crypto-winter, XRP continues to be one of the worst performing coins in the crypto universe. While the second largest altcoin maintained a sideways trend throughout the year, Stellar Lumens [XLM] has been recovering slowly since February, 2019.
Many people seem to wonder a lot about the possibility that any altcoin at all could knock Bitcoin off its position as the world’s number one cryptocurrency. As unlikely as this is, especially with the fact that the “altcoin” tag seemed to have been exclusively created for every crypto that isn’t Bitcoin, there are people […]
The post Big Buyers Scooping Up XRP, Will The Price Increase When Ripple Stops Selling? appeared first on ZyCrypto.
By CCN. com: In the past 24 hours, the bitcoin price fell 2. 16 percent against the U. S. dollar from over $5,600 to $5,422 as the crypto market slightly retraced. The valuation of the crypto market fell from $181 billion to $176 billion, by more than $5 billion on a single day.
Bitcoin price suddenly fell $150 April 24 in an abrupt end to its latest bullish advance which has triggered a major altcoin sell-off. Bitcoin Price Corrects From 2019 High Data from cryptocurrency exchange Bitstamp, which traditionally offers a more conservative reading Bitcoin price, puts the largest cryptocurrency at $5470 as of press time Wednesday.
The XRP ecosystem is constantly growing thanks to Ripple’s efforts to develop a blockchain capable of supporting an immense number of transactions efficiently. The token became the most important altcoin in the world but today.
Coinspeaker Coincheck Adds XRP and Ethereum to Its OTC Trading DeskCoincheck, a Japanese cryptocurrency exchange has launched its Over-the-counter (OTC) trading desk wherein the platform is debuting XRP and ETH as the first altcoin listing.
With Bitcoin breaching the $5,000-mark, many crypto-analysts and enthusiasts are of the opinion that the crypto-winter is finally over. However, following the collective market pump early this month, prices of all top cryptocurrencies witnessed strong correction, pulling the market into a bearish waters.
Ripple’s XRP has continued to break key short-term support positions since Thursday. This followed a failed breakout when the altcoin attempted to rally above $0. 36. XRP met major resistance around $0.
Capping off on what has been a very successful week for XRP, Ripple, the company behind the second largest altcoin in the market, has seen yet another integration announcement. The San Francisco giant’s Interledger system will now be linked with Coil via the upcoming Puma Browser.
Over the years, Bitcoin has gained a reputation for having a “toxic” community of users around it. This accusation is mostly thrown at Bitcoin by proponents of altcoins and those who have supported various Bitcoin hard fork attempts in the past.
The popular cryptocurrency analyst and social media personality, DonAlt, has made a bold prediction for the future of Ripple’s XRP. CryptoDonAlt told the crypto Twitter community that With the bull market shaping up, XRP will lead the way.
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.
