As reported by this outlet earlier today, the value of Ripple’s XRP has performed so poorly over the past few years that it on March 13th’s flash rash hit “almost three-year lows,” as pointed out by Brave New Coin’s Josh Olszewicz.
just now looking at the $XRP chart
didnt realize it hit almost 3 yr lows
damn pic.twitter.com/aHZVRTn05m
— Josh Olszewicz (@CarpeNoctom) March 22, 2020
In fact, with the cryptocurrency trading at $0.15 as of the time of this article’s writing, it is more than 90% below its all-time high of $3.30, established at the peak of 2017’s and 2018’s crypto-mania. Even since the year started, XRP has fallen by 20%, underperforming Bitcoin’s relatively mild -14% performance.
Despite this underperformance, a top analyst, who has been accurate in calling much of BTC’s short-term moves over the past few weeks, is expecting a retracement back to the yearly lows at $0.12. Here’s why.
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XRP Could Retest Yearly Lows
Last week, the crypto market fared surprisingly well amid a global meltdown in markets; despite the biggest week of losses for the S&P 500 and Dow Jones indices since the 2008 Great Recession, Bitcoin and other digital assets actually rallied, recovering more than half of the losses they incurred during the drop from $7,700 to $3,800, with BTC peaking at $7,000 on some exchanges.
XRP, too, got its fair share of sun, so to speak, rallying back to $0.175 from the $0.12 low established in the flash crash. Unfortunately, over the past two days, the bullish momentum has gone on hiatus, with BTC falling under $6,000 and XRP returning to $0.15.
This price action, analyst Credible Crypto recently suggested, will be a precursor to a retracement back to the $0.12 lows, a point at which he intends to accumulate the cryptocurrency.
As to why he sees a retracement from here, he noticed that there has been a clear rejection from an uptrend, while the recent price action has shown clear signs of establishing a short-term top at $0.16, a resistance region.
Buy all the zerps. $XRP pic.twitter.com/fNtcyNmFhF
— Credible Crypto (@CredibleCrypto) March 22, 2020
All Eyes On Bitcoin
It is important to point out that XRP’s directionality will primarily be dictated by Bitcoin for the foreseeable future, as altcoins, especially in times of heavy volatility, follow the market leader.
This begs the question — where will BTC head next?
Unfortunately, analysts have not reached a consensus on what’s next for this market, namely due to the uncertainty in traditional markets.
Per previous reports from NewsBTC, crypto analyst Josh Rager noted that per data from CoinMetrics, Bitcoin’s correlation with the stock market (namely the S&P 500) has “sustained between 0.5 to 0.6 since the price drop on March 12th,” suggesting any further sell-off in equities will result in a crunch in BTC prices.
Looking to aggressively add to shorts if re-accepted back into 5800 range composite VAH.
Equities likely to get slaughtered this week.
Bitcoin will follow.
Pretty confident we see low 4s again. $BTC $ES $SPX pic.twitter.com/YhF30E4ltP
— Cantering Clark (@CanteringClark) March 22, 2020
Cantering Clark echoed this, explaining that considering the macro backdrop of weak equities, he is “pretty confident we see low $4,000s again.”
Featured Image from Shutterstock origin »
Although the crypto market has posted a slight recovery since Monday’s brutal lows, Bitcoin, XRP, and all other cryptocurrencies remain down dramatically since Saturday’s highs. Case in point: XRP is still trading at $0.
As the global markets continue to suffer whiplash, cryptocurrencies have not been left behind. The flagship cryptocurrency has dived to one-month lows at $7,600. Ripple’s XRP, on the other hand, plunged to $0.
On January 23rd, leading Bitcoin derivatives exchange BitMEX revealed its intent to launch a new financial product for XRP. In a blog post, the company said that this product would be a “Ripple USD quanto swap,” which will allow traders to leverage trade the cryptocurrency with leverage of up to 50x.
XRP – the token associated with fintech company Ripple – incurred some massive momentum yesterday that allowed the cryptocurrency to climb 13% at one point, thus putting significant distance between its recent lows of $0.
It’s no secret that XRP – the digital currency with close ties to FinTech company Ripple – hasn’t had the best year from a technical perspective, ending the year on a low note after recently setting fresh post-2017 bull run lows.
Bitcoin may be facing new local lows and fighting to stay within a bullish long-term trend, altcoins like Ethereum and Ripple have fallen into the negative for the year, showing extreme weakness compared to the leading cryptocurrency by market cap.
Ripple price is still trading in the red zone below the $0. 2000 resistance against the US dollar. The price is declining and it could soon break the $0. 1840 support area to continue lower. This week’s key bearish trend line is still active with resistance near $0.
Ripple price is struggling to recover above the $0. 2200 resistance area against the US dollar. The price remains at a risk of more downsides below the $0. 2180 support area. There is a declining channel forming with resistance near $0.
After a brief attempt to climb above its strong resistance level at $0. 30 earlier this week, XRP faced a strong and swift rejection and is now moving down towards its monthly lows that currently sit around $0.
Ripple did it again. In the middle of a controversy sparked by its consistent sales of massive chunks of XRP, the San Francisco based startup released 60 Million XRP worth over 15 Million Dollars.
Ripple and its coin, XRP are struggling mightily these days. Of course, there is a market wide sellout and general sentiment is near all time lows, but the situation is especially tense around XRP.
Despite the bullish impulse seen across the entire market since mid-December 2018, XRP has been making lower lows without showing any signs of prompt recovery. In fact, while Bitcoin is up 230 percent from the low of December 2018, this cryptocurrency is down 5 percent.
At the end of 2017 and the height of the crypto hype bubble, investors seeking ‘the next Bitcoin’ bought up altcoins en masse after learning that many alts, such as Etheruem, Ripple, and Litecoin, had spiked over 1000% and outperformed even Bitcoin.
Nothing but carnage has been seen across the altcoin market, with major crypto assets like Ethereum and Ripple falling to fresh lows and causing widespread panic across the space. While most crypto investors are starting to suspect that a bottom might for altcoins might be set, one crypto analyst says that Ethereum could drop another.
Earlier this past week Ripple (XRP) along with the aggregated crypto markets faced an incredibly sharp sell-off that sent XRP reeling down to lows of $0. 25, which marked a significant pullback from the mid-$0.
Across the crypto market, there’s extreme pain, fear, uncertainty, and doubt. Bitcoin is pulling back from recent highs, and altcoins like Ethereum, Ripple, and others have only bled out and fallen deeper to new lows.
The crypto market’s steep selloff over the last few days has driven the total market capitalization of all cryptocurrencies from a high of $294. 9 billion to lows of $249. 1 billion this week.
Despite the recent partnership with MoneyGram, XRP has had meager gains. However, it has rewarded its holders with 5% surge from its recorded lows of $0. 376. This rapid bullish movement was seen earlier today after a viral post on the American Express website that mentioned global payments.
Much to the chagrin of XRP investors and enthusiasts, Ripple’s price has been somewhat stagnant over the past few months, rising to recent highs of just below $0. 50 from its year-to-date lows of below $0.
When it comes to the top ten cryptocurrencies by market cap, few of the frontrunners of the emerging asset class have performed as poorly as XRP – the crypto token often referred to as Ripple. Since bear market lows were set in most digital assets, they’ve since gone on to surge as much as 300%.
Ripple (XRP) up 27. 3 percent Brad Garlinghouse says Ripple ready to work with banks and regulators In an interview with Recode Decode podcast, Brad Garlinghouse once again reiterated their will of working with regulators and not against them.
Ripple (XRP) up 27. 3 percent Brad Garlinghouse says Ripple ready to work with banks and regulators In an interview with Recode Decode podcast, Brad Garlinghouse once again reiterated their will of working with regulators and not against them.
Now that Bitcoin has begun to cool off from its bullish rally from yearly bear market lows, as the price of the leading cryptocurrency stabilizes and consolidates, the pause presents an opportunity for altcoins such as Ethereum and Ripple, to recover ground lost to Bitcoin on each trading pair’s ratio.
Ripple (XRP) react from 30 cents, add 8. 1 percent Supportive fundamentals would likely fan the next wave of higher highs At long last, Ripple (XRP) is responding. Because of bullish fundamentals, there are a series of higher highs in the daily chart that hint of increasing demand in lower time frames.
Over the past several months many cryptocurrencies have incurred relatively large gains that have put a significant amount of distance between their current prices and their 2018 lows. But much to the chagrin of investors, Ripple (XRP) has not been one of these cryptos, as it has remained relatively stable around the $0.
Ripple’s lackluster price action over the past several months has left many XRP investors with a feeling of disappointment as it remains stagnant while Bitcoin and other large cryptocurrencies incur large gains that have put a significant amount of distance between their current prices and their recent lows.
Ripple (XRP) recover after Apr-24 hammering Bitstamp reminds users of Ripple’s decentralization strategy Critics claim Ripple (XRP) is nothing more than an “airdrop” whose absence wouldn’t affect operations.
The past several weeks have been overwhelmingly positive for the crypto markets, with Bitcoin finding its footing in the lower-$5,000 region and many altcoins putting a significant amount of distance between their current prices and their 2018 lows.
Ripple prices up, reacting from 32 cents Money Tap blow, Resona Bank discontinue participation Resona Bank is pulling out of Money Tap initiatives, a project fronted by SBI Group. All the same, prices are stable above 32 cents, reversing from Apr-2 lows and with increasing momentum, may close above 34 cents as bulls shore prices.
Ripple prices consolidation XRP Army a blend of phony accounts and bots Transaction levels lows and averages more than half that of Feb 24 and 25 Geoff Golberg, an independent researcher with the application of Network analysis on social and blockchain data is confident that the harassing XRP Army consists of fake accounts and bots.
Ripple price failed to gain momentum above the $0. 3150 resistance and declined against the US dollar. The price is now trading well below the $0. 3140 resistance and the 100 hourly simple moving average.
Gravitating towards lows, crypto asset prices may be stuck in the winter. Luckily, it is localized and days after announcing their support for Litecoin and DASH, Spend. com now supports XRP. XRP is the native currency.
The 24-hour period of trading hasn’t seen vast activity in the crypto economy. Since the spike at the end of last week, nothing truly significant has taken place on Bitcoin markets. With a high degree of irony, the whole crypto market seems on pause while the SEC “eventually” plans to approve an exchange-traded fund.
Ripple price stable, reject lower lows IMF proposes a duo cash system with virtual currencies and cash in circulation Transaction volumes low, likely to spike as prices recover Finally, IMF economists agree that there is a way governments can incorporate virtual currencies in their economies.
Many top cryptocurrencies including Ripple’s XRP formed their 2019 lows yesterday. XRP reached a low of $0. 28 yesterday and is following up today with a significant spike which has brought it over two expected resistance levels.
Ripple price stable, reject lower lows Cobalt could be a game changer Transactional volumes below average Behind Ripple is a team looking to revolutionize cross border payment through innovative solutions.
Ripple price down $1 billion in 24 hours The aim is to replace SWIFT and dominate the cross-border fund transfer space Transaction volumes low as XRP prices correct The truth is, Ripple has a long way to go, and as XRP prices correct, retesting Dec 2018 lows of 30 cents, we remain net bullish.
Ripple prices stable above 30 cents SWIFT—Ripple competition should heat up in coming days Transactional volumes low and dropping XRP success depends on adoption. That’s why an increase in xRapid users is bullish for investors.
The price of Bitcoin surpassed key levels during yesterdays trading creating a more bullish outlook. Many analysts were looking at $3840 as an area for its price to move to next. However, the bullish price action failed to follow up, and the price dropped back below the $3684 level.
Ripple price is struggling to gain momentum above the $0. 3300 and $0. 3320 resistances against the US dollar. There is a key bullish trend line formed with support at $0. 3240 on the hourly chart of the XRP/USD pair (data source from Kraken).
Latest Ripple News While Sep 2018 saw XRP prices expand 400 percent from lows of 25 cents and at one point printing 90 cents, its growth didn’t go unnoticed. At current prices, XRP is the second most valuable coin in the space overtaking ETH for the first time since the launch of the former back.
Key Highlights Ripple price recovered recently, but it faced sellers near $0. 2900-0. 2910 against the US dollar. There is a major bearish trend line formed with resistance at $0. 2860 on the hourly chart of the XRP/USD pair (data source from Kraken).
During the most recent dip in the crypto market, Ripple’s XRP has not fallen in price as much as most other cryptocurrencies. It is currently right at the support area ($0. 24-$0. 28) formed by the lows in October 2018 and the highs of October 2017.
XRP/USD Medium-term Trend: Bearish Resistance Levels: $0. 34, $0. 35, $ 0. 36 Support Levels: $0. 33, $0. 32, $0. 31 XRP is bearish on the medium-term outlook. The bears hold tight to the XRP market as it can be seen on the chart that the candle is making lower lows.
Ripple has formed lower highs and lower lows to trend lower inside a descending channel on the 1-hour time frame. Price just came off a bounce from the resistance and is due for a move to the swing low or the channel bottom around .
Ripple is consolidating inside a symmetrical triangle pattern with its higher lows and lower highs. This digital asset has been particularly resilient, despite the sharp declines seen in the crypto market in the past few hours.
Latest Ripple News Aside from EOS and Stellar Lumens which are recent inventions, it still beat logic that CoinBase is yet to list XRP. While it is understandable that CoinBase can practice their discretion and list any coin that adheres to their listing framework, XRP is a liquid asset and far more than just being.
After more than four years, the US Securities and Exchange Commission is discontinuing its proceedings against Ripple in the XRP lawsuit. The announcement by CEO Brad Garlinghouse on X—stating “This is it – the moment we’ve been waiting for.
Lawyer James “MetaLawMan” Murphy of Ludlow Street Advisors, LLC has provided a detailed theory on why the SEC’s dismissal of the Ripple case has been inexplicably delayed. According to Murphy, rather than the delay being solely due to the SEC’s internal processes, it could be that Ripple is engaged in strenuous negotiations aimed at revising […]
Ripple has announced a strategic partnership with BDACS, a prominent digital asset custody firm in South Korea, on Thursday. The collaboration aims to advance institutional-grade custody services and expand the digital asset ecosystem, particularly for XRP and RLUSD, within the country’s evolving regulatory landscape.
Eric Yakes—a Chartered Financial Analyst (CFA) and the author of The 7th Property: Bitcoin and the Monetary Revolution—published a blunt critique of Ripple and its associated XRP token on February 10.
XRP has experienced a sharp decline from its January peak, dropping 28. 5% from $3. 40 to $2. 42 as of February 10, 2025. This price movement has occurred alongside a dramatic decrease in futures market activity, with open interest falling by 52% from $7.
Brady Swenson, co-founder of the Bitcoin-focused financial services platform Swan, unleashed a series of accusations against Ripple CEO Brad Garlinghouse on January 29 via X. Swenson began with an unequivocal statement—“Corrupt Brad … No, Brad Garlinghouse is not a man of integrity.
In a post on X, prominent pro-XRP attorney, John E. Deaton, shed light on the intricate dynamics between the US Securities and Exchange Commission (SEC) and Ripple’s competitors, suggesting a coordinated effort to undermine the company and its digital asset.
