Ripple (XRP) Dips 6% Amid Crypto Market Sentiment Shift, Yet Analyst Maintains Bullish $1.4 Outlook

2023-12-11 21:30

Ripple (XRP) endured a steep drop over the past day, with the coin falling from highs of $0.65 down to current levels of $0.62, reflecting a loss of 6% in the last 24 hours. The rapid decline mirrored wider turbulence in crypto markets amid a swift shift in investor sentiment.

According to analyst EGRAG Crypto, Monday’s flash crash swiftly liquidated an ample number of leveraged long positions in XRP. He notes that, while devastating for overexposed traders, the unpredictable price action serves as a stark reminder of the risks posed by excessive leverage.

Ultimately, the analyst insists that despite the latest bout of volatility, XRP’s core bullish trajectory targeting the $1.4 level remains intact. The analyst called for composure among the XRP faithful, affirming conviction in the asset’s long-term growth narrative.

At this point, the sharp but likely temporary pullback places the impetus on bulls to defend current support levels. Failure to hold above the $0.60 level opens the door for an extended cooldown as bearish momentum gathers steam.

Read also:

Chainlink (LINK) Nears Make-or-Break Resistance Level Why Has Avalanche (AVAX) Pumped 300% in Two Months? Rebel Satoshi Demonstrates BIG Profit Potential: How Do Ethereum (ETH) and Avalanche (AVAX) Compare?

Keeping perspective through crypto’s inherent volatility remains key; any overreactions still seem unlikely to disrupt XRP’s path over the coming quarters.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Ripple (XRP) Dips 6% Amid Crypto Market Sentiment Shift, Yet Analyst Maintains Bullish $1.4 Outlook appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.2084 (+7.26%)
Объем 24H $8.152b
Изменеия 24h: 10.90 %, 7d: 57.62 %
Cегодня L: $1.0851 - H: $1.2084
Капитализация $68.797b Rank 6
Цена в час новости $ 0.611 (97.77%)

sentiment ripple shift xrp crypto amid loss

sentiment ripple → Результатов: 93


BlackRock’s Bitcoin ETF is bringing new impulse for Ripple (XRP), Cardano (ADA) and Dogecoin (DOGE)

Ripple (XRP): Navigating a critical legal battle with the SEC, Ripple (XRP) faces price volatility, and its future hinges on the lawsuit’s resolution. Cardano (ADA) and Dogecoin (DOGE): Cardano (ADA) benefits from increasing staking rewards and adoption, while Dogecoin (DOGE) remains a speculative asset influenced by social media trends and investor sentiment.

2023-11-28 18:45


Bitcoin’s Surge Shakes Up ETF World: Who’s Soaring And Who’s Crashing?

A ripple of excitement has recently coursed through the crypto market, particularly on Bitcoin. Bolstered by speculation regarding the impending approval of a spot Bitcoin exchange-traded fund (ETF) —a sentiment propelled by BlackRock’s iShares ETF’s appearance on the DTCC website—Bitcoin recorded an 18-month high trading above $35,000.

2023-10-25 08:00


Blockchain in Payments Report 2020: From Adoption To Growth

For the third straight year, Ripple is excited to share its annual Blockchain in Payments Report—a comprehensive look into the fintech industry and blockchain’s increasing role in payments. This year’s report uncovered that not only is growth indeed possible for blockchain and digital assets initiatives, but that familiarity and positive sentiment continue to rise as … Continued The post Blockchain in Payments Report 2020: From Adoption To Growth appeared first on Ripple.

2020-10-16 21:06


Ripple CEO blasts concentration of Bitcoin miners in China, but his critique misses the mark

It’s no secret that the majority of Bitcoin’s miners are located in China, with the geographical centralization of this mining power being a go-to critique for the cryptocurrency’s critics. This sentiment was recently echoed by Ripple CEO Brad Garlinghouse, who explained in a recent interview with CNN’s Julia Chatterley that the heavy concentration of miners […] The post Ripple CEO blasts concentration of Bitcoin miners in China, but his critique misses the mark appeared first on CryptoSlate.

2020-2-18 08:07