XRP has plunged by circa 11 percent after registering superficial gains in the past 30 days.
The Ripple’s native cryptocurrency established an intraday low of $0.224 on Monday as traders preferred to exit their long position on small profits. So it appears, the downside move was more a natural bearish correction, especially after XRP’s monstrous price rally that pushed investors’ gains up by 45 percent.
The move led some analysts to preserve their bullish bias in the cryptocurrency. GalaxyBTC said in a tweet that he expects XRP to retest $0.3 in the coming daily session. Meanwhile, another prominent trader CryptoBull listed a series of technical indicators that envisioned the cryptocurrency in green throughout 2020.
All technical indicators show huge bullrun coming for $XRP in 2020. https://t.co/NeMebHfhO9
— CryptoBull (@CryptoBull2020) January 19, 2020
XRP Not a Long-term Bet
But not all think the same. Some analysts see XRP’s latest price rally as inorganic, considering how its issuer, Ripple Labs, is facing a lawsuit over XRP’s selling as security back in 2017.
If the San Francisco firm loses the motion, it would be forced to compensate all the investors that bought XRP. Moreover, such a ruling could deter XRP’s long-term investors from holding the token, leading to a price crash. The XRP-to-dollar exchange rate is already down by more than 50 percent since June last year.
As of late, Ripple Labs filed a request to dismiss the class action. On January 16, the court agreed to accept “the matter under submission.”
“Even if Ripple wins its motion to dismiss & has the whole class action thrown out, it won’t mean much for XRP. The big & interesting question is if XRP was (or is) security. Ripple’s motion didn’t ask that question, so dismissal won’t answer it—just defer it to another day,” tweeted Jake Chervisnky, General Counsel at Compound – an Ethereum-based DeFi platform.
Here is today's minute order for the hearing on Ripple's motion to dismiss. It went for 56 minutes. As is typical, the judge "took the matter under submission," meaning she will issue a written ruling at some later date. It could be days, weeks, or months.https://t.co/Qcb5rFlMRc
— Jake Chervinsky (@jchervinsky) January 15, 2020
The Technicals
The latest upside push has prompted XRP to retest a historical resistance level of $0.252. It coincides with the 23.6 percent level of a Fibonacci retracement graph drawn from a local swing high of $0.50 to a low of $0.174.
XRP battling strong resistance | Source: TradingView.com, BitStamp
The Ripple token is now testing the $0.22-0.23 range as support. A close below the area could have traders place a short position towards $0.17. Meanwhile, they could maintain a stop-loss order above the range to safeguard their bet against an unforeseeable upside push.
At the same time, a pullback from the support range could allow traders to place a long entry towards $0.25. A further push could shift the upside target to $0.30, as other bullish analysts predict. Nevertheless, it is wise for traders to maintain a stop loss below the support range.
XRP is still inside a long-term bearish bias. So, any aggressive upside positions should be avoided until further confirmation. The post appeared first on NewsBTC. origin »
Ripple (XRP) token dropped to a low of $2.0640, down from this week's high of $2.1780. Other altcoins held steady ahead of the Fed's interest rate decision.
Crypto pundit Pumpius has provided insights into Ripple’s XRP’s role to enable the trillion-dollar tokenization market on the XRP Ledger (XRPL). He also explained how the altcoin and Ripple’s RLUSD stablecoin work hand in hand rather than being competitors on the network.
Ripple has sent out a crucial alert to the XRP community as a new development props up after the conclusion of its most important event of the year, Swell.
Ripple CTO David Schwartz shot down talk that Ripple's massive XRP holdings influence the asset's price, saying it is just bad logic and that the company is not manipulating the market.
Ripple’s latest acquisition has firmly positioned the company within the heart of the US financial market, expanding its influence in the country and drawing attention to the XRP price. The new US-based spot prime brokerage firm, Ripple Prime, signals a pivotal moment not only for Ripple’s ecosystem but for the future of XRP.
Key Takeaways
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Key Takeaways: Ripple Labs is raising $1 billion to establish a new digital asset treasury focused on XRP accumulation. The funding will be conducted through a SPAC, with Ripple contributing
The post Ripple Unveils $1 Billion Digital Asset Treasury to Accelerate XRP Expansion appeared first on CryptoNinjas.
Ripple Labs Inc. is moving forward with an ambitious plan to raise at least $1 billion to buy XRP, despite recent turbulence in the cryptocurrency market. The move signals the company’s intent to strengthen its presence in the digital-asset ecosystem, even as investors remain cautious following a market-wide selloff. The funds will be placed in […]
Ripple’s XRP may continue to command headlines, but it hardly represents the most compelling opportunity. Its relative maturity and widespread adoption have pushed potential gains into a more modest zone.
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The post AI Reveals The Probability Of SWIFT Integrating Ripple’s XRP Ledger appeared first on BeInCrypto.
Financial analysts increasingly identify cryptocurrencies with stronger growth potential than Ripple’s XRP this quarter. While Ripple maintains its focus on banking solutions and cross-border payments, its massive market capitalization limits explosive upside.
A new post by fintech commentator Vincent Van Coode has sparked conversation in the XRP and broader crypto community. His take highlights Ripple’s unique positioning within global finance, pointing out that one of Ripple’s biggest challenges – and opportunities – lies in connecting thousands of disparate, legacy systems still used by banks worldwide.
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The US Securities and Exchange Commission and Ripple have definitively concluded their nearly five-year legal battle. They both dismissed their appeals in the Second Circuit on August 7, 2025. This move validates the landmark 2023 decision of Judge Analisa Torres.
The future for XRP in 2025 is rosy, with the majority of investors waiting with bated breath for the next big move. Ripple’s token, valued at $3. 21, has experienced new life with marauding market activity.
Комиссия по ценным бумагам и биржам (SEC) и Ripple Labs прекратили многолетнюю судебную тяжбу, подав совместное заявление об отзыве апелляций по делу о статусе токена XRP. Компании договорились завершить спор, который длился почти пять лет и стал одним из самых значимых регуляторных дел в криптовалютной индустрии.
Ripple (XRP) has been viewed for years as a key player in the future of global payments. Its list of bank partnerships keeps expanding, major institutions are buying in, and the legal showdown with the SEC is finally swinging in its direction.
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XRP price surged this week as the crypto market gained steam and after Ripple Labs made a major tokenization announcement. Ripple token jumped to a high of $3. 033, its highest point since February 1, and over 80% from its lowest point this year.
Ripple (XRP) price recently broke above $3, and that move has caused many investors to reflect on what they missed. According to TheCryptoBasic, Ripple advocate Edoardo Farina said he has received messages from people who now wish they had bought more XRP when the price was lower.
Недавно CEO Bitwise заявил, что Ripple в течение года может превратиться в XRP treasury company. Проще говоря, компания Ripple станет банком, который владеет огромными запасами XRP и зарабатывает на этом.
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XRP, the native cryptocurrency of the Ripple ecosystem, is down by less than 1% over the last 24 hours, recovering from a significant drop on Tuesday. The dump saw XRP retest the $1. 85, but it is now trading at $1.