Ripple surged higher recently above the $0.2650 and $0.2720 resistances against the US Dollar. XRP price remains well supported and it could soon rally to $0.3000 if it breaks $0.2810.
Ripple price rallied to a new 2020 high at $0.2811 and it is consolidating gains against the US dollar.
The price remains well supported on the downside near the $0.2730 and $0.2700 levels.
There is a key contracting triangle forming with resistance near $0.2788 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to start a sharp rally towards $0.3000 once it breaks the $0.2810 resistance area.
Ripple Price Rally Could Gain Pace
In the past few sessions, there were strong gains in ripple above the $0.2650 resistance. XRP price even broke the $0.2720 and $0.2750 resistance levels.
Finally, there was a break above the $0.2800 level and the price settled nicely above the 100 hourly simple moving average. A new 2020 high is formed near $0.2811 and the price is currently consolidating gains.
There was a break below the 23.6% Fib retracement level of the recent wave from the $0.2617 low to $0.2811 high. However, the price is finding strong bids above the $0.2720 and $0.2710 levels.
Moreover, there is a key contracting triangle forming with resistance near $0.2788 on the hourly chart of the XRP/USD pair. If the price continues to consolidate, there are high chances of an upside break above the triangle resistance and $0.2800.
Ripple Price
Ripple bulls need to gain pace above the $0.2810 resistance area to set the pace for a larger rally. In the mentioned case, the price is likely to surge towards the $0.2880 and $0.2920 levels. The next major hurdle for the bulls is near the $0.3000 handle.
Bulls Remain in Action
On the downside, there are many supports near the $0.2700 area. Besides, the 50% Fib retracement level of the recent wave from the $0.2617 low to $0.2811 high is at $0.2714.
Any further losses may perhaps push the price towards the $0.2695 support area. If ripple fails to stay above the $0.2695 support, it could extend its decline below $0.2680. In the mentioned case, the price might continue to decline towards the $0.2600 area or the 100 hourly SMA.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is likely to move back into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently rising and it could soon clear the 60 level.
Major Support Levels – $0.2715, $0.2695 and $0.2620.
Major Resistance Levels – $0.2800, $0.2810 and $0.2880. The post appeared first on NewsBTC. origin »
The SEC has officially dropped its lawsuit against Ripple, marking a major victory for XRP. With legal uncertainty gone, some predict XRP could see massive gains, potentially surging 10X. On the other hand, there is an innovative project StratoVM that could steal the show as it records a remarkable price surge, soaring 1214% in value [...]
XRP price prediction points to a 1,500% surge if the SEC approves an ETF. Could Ripple finally reach $27 and break resistance? Ripple’s wild ride Ripple (XRP) has experienced a rollercoaster ride in recent months, capturing the market’s attention with…
Ondo Finance will launch its OUSG fund on the XRP Ledger. The partnership with Ripple expands accessibility to tokenized US Treasuries funds to institutional investors. Ripple introduced OpenEden’s TBILL on XRPL in August last year.
Ripple’s XRP token, one of the most popular cryptocurrencies in the world, has surged close to 600% in the last 3 months. With such a wild increase, it is important to address the following question: Who owns the most Ripple…
Ripple’s XRP token, one of the most popular cryptocurrencies in the world, has surged close to 600% in the last 3 months. With such a wild increase, it is important to address the following question: Who owns the most Ripple…
Ripple executives have slammed the SEC’s decision to file an appeal
XRP ETF approval odds were at 50/50 at press time, depending on the new administration.
Ripple's leadership has slammeThe post XRP News update - ‘Gensler's war on crypto ends,’ says Ripple exec after SEC's appeal appeared first on AMBCrypto.
Ripple Labs, the company behind the cryptocurrency XRP, is poised for significant growth under President-elect Donald Trump's administration. The anticipated shift towards more crypto-friendly policies is expected to create a favorable environment for Ripple's operations and the XRP token's market performance.
Ripple price rose for three consecutive days as Bitcoin and other altcoins rebounded on the first trading day of the year, hinting at a potential January Effect. Ripple (XRP) climbed to $2.40 on Thursday, marking its highest level since Dec.…
Ripple’s XRP has consistently been a focal point of the cryptocurrency market, celebrated for its efficiency in cross-border payments and its unique position within the blockchain ecosystem.
As Bitcoin and Ethereum post minor gains since last weekend, Ripple’s XRP joined the league and increased by 12% in the last 24 hours. It currently looks set for another upsurge following a bounce back.
За последние три дня киты значительно пополнили свои запасы токенов Ripple (XRP). Такое сильное давление покупателей способно поддержать рост альткоина в ближайшие дни. Разбираемся, что происходит на рынке Ripple (XRP) и до каких уровней может взлететь альткоин.
Ripple's RLUSD stablecoin launches Dec 17, driving XRP gains and expanding Ripple's payment solutions for global enterprise transactions.
The post Ripple’s RLUSD Stablecoin to Launch on December 17, As XRP Surges 8% appeared first on BeInCrypto.
Ripple’s XRP token rose more than 10% following the New York Department of Financial Services (NYDFS) approval of the company’s U.S. dollar-backed RLUSD stablecoin, according to announcements made by Ripple’s CEO, Brad Garlinghouse, on December 10.
Now ranked third among all cryptocurrencies globally, Ripple has lately tapered its activities. It is not only a wonderful day for the leaders of XRP but a momentous occasion for the Chief Technology Officer at Ripple, who has just marked twelve years of service with the company.
The Ripple price went parabolic in November, making it one of the best-performing cryptocurrencies. Ripple (XRP) surged to a high of $2.50, climbing over 400% from its monthly low. This rally pushed its market cap beyond $130 billion, allowing it…
Ripple’s native cryptocurrency, XRP, became one of the top five cryptocurrencies by market cap for the first time amid bullish industry sentiment. At $97 billion, Ripple (XRP) leapfrogged Binance’s BNB Coin (BNB) and its $95 billion market cap during a…
XRP’s price rose for two consecutive days as traders awaited the closely watched U.S. election, which could have significant implications for Ripple. Ripple (XRP) rose to an intraday high of $0.52 on Nov. 5, up 5% from its lowest level…
The XRP price has remained under pressure this month after it emerged that Chris Larsen, Ripple’s co-founder, was funding Kamala Harris for president. Ripple was trading at $0. 50, a few points above $0.
A popular crypto analyst discussed the case for one of the most bullish price predictions for Ripple. In an X post, Armando Pantoja, an analyst with nearly 20,000 followers, predicted that Ripple (XRP) could reach between $25 and $100 in…
In the YouTube video titled “How Ripple XRP gets to $100!” posted by Cheeky Crypto, the analyst explores the potential for Ripple’s XRP to embark on a significant bullish run, reminiscent of its 2017 performance.
Ripple’s token has recovered after bottoming at $0. 5078 on Oct. 3 following the announcement of its new US dollar stablecoin. Ripple (XRP) was trading at $0. 5500, bringing its market capitalization to $31.
XRP, the native token of Ripple, experienced a significant decline of over 12% on Thursday, dropping to 51 cents per coin, following the US Securities and Exchange Commission’s (SEC) announcement to appeal a pivotal court ruling.
The SEC's recent appeal in the Ripple case puts the future of the XRP ETF and Ripple's market status in doubt.
The post SEC files appeal in Ripple case, putting XRP ETF on hold appeared first on Crypto Briefing.
In a massive move, Ripple whales have transferred 400 million XRP within 24 hours, setting their sights on ETFSwap for potential game-changing opportunities.
While cryptocurrencies reflected increased optimism, with analysts forecasting historical surges in the coming month, new developments regarding the Ripple vs. SEC battle cast a shadow of uncertainty within the XRP community.
Despite underwhelming market conditions, innovations continue in the crypto space. The fintech company Ripple announced plans to introduce smart contracts to the XRP Ledger mainnet, accelerating innovation and attracting developers.
После решения суда в пользу XRP Ripple в деле против Комиссии по ценным бумагам и биржам (SEC) ожидается, что стоимость токена заметно повысится. По итогам давней судебной тяжбы суд обязал Ripple выплатить штраф в размере $125 млн, при этом XRP не будет классифицирован как ценная бумага.
XRP issuer Ripple is advancing on stablecoin plans after CEO Brad Garlinghouse teased the idea during Consensus 2024. Ripple (XRP) has begun work on a fiat-pegged token called the Ripple USD, or RLUSD, as the company eyes a $160 billion…
Crypto markets saw an XRP god candle after the Ripple v. SEC ruling, but AMLBot’s CEO warned that an appeal from the agency could stall price momentum. Last year, Ripple’s (XRP) initial triumph over the SEC lifted markets. Sentiment that…
Ripple price staged a strong comeback this week after the developers won an important case in the United States. Ripple’s big win vs SEC Ripple (XRP) token rose for the third consecutive day and reached a high of $0.6430, 48%…
In a strategic move that has captured the crypto industry's attention, Franklin Templeton has filed for a Solana-based exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
XRP news today suggests the prolonged legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is finally approaching its conclusion.
XRP has experienced a notable price surge, climbing 7% to reach $2.25, marking a strong recovery from recent declines. This upward movement has reignited investor optimism, with analysts speculating whether XRP price can sustain its momentum and target the critical $3 level.
Bitcoin (BTC), Ethereum (ETH) and XRP face carnage in response to Trump’s policies and announcements. The total market capitalization of crypto is down to $2.784 trillion on Wednesday.
Ripple price remains in a bear market after falling by over 35% from its highest level in January. Ripple (XRP) rose for the second consecutive day as cryptocurrencies rebounded after the encouraging inflation data. Most of them rose, with Bitcoin…
Друзья, готовимся к важному событию — уже в мае XRP получит сразу несколько ETF. SEC рассмотрит заявки от Franklin Templeton, Bitwise, 21Shares, Canary Capital, Grayscale и WisdomTree. Но проблема в том, что SEC тянет время.
XRP is at a crucial turning point as the cryptocurrency struggles to maintain support at the $2 level. A breakdown could trigger a significant decline, while a successful defense may pave the way for a bullish recovery. Here is today’s XRP news.
