The aggregated cryptocurrency market has been caught within a firm uptrend throughout the several days, but XRP has been unable to match the significant gains seen by Bitcoin, Ethereum, and many other major altcoins.
This trend is particularly clear today, as the embattled token is only trading up marginally while Ethereum has surged over 4% and as Bitcoin jumps over 1%.
In spite of this short-term weakness, analysts are noting that the token could be well positioned to see a notable upswing in the days ahead, which may allow it to climb up towards its next key resistance level around $0.22.
XRP Lags Behind Aggregated Crypto Market
At the time of writing, XRP is trading up nominally at its current price of $0.194. This does mark a slight climb from daily lows of just under $0.19.
Over a weeklong trading period, the cryptocurrency has been able to show some signs of strength as it climbed from lows of $0.18 to its highs set earlier today. It has been underperforming Bitcoin, however, which rallied from weekly lows of roughly $7,000 to highs oh $7,800.
It has also lagged behind many of its other peers, including Ethereum, which has seen notable gains over the past week – pushing from lows of $171 to highs of nearly $200 earlier this morning.
XRP’s underperformance of the aggregated market is not an uncommon occurrence, as it has been consistently seeing lackluster price action in the time following its 2017 rally, failing to incur the relief rallies that many other cryptos have seen in recent times.
One popular crypto analyst spoke about its recent performance in a tweet, noting that its daily chart looks “sad and lonely.”
“XRP Daily chart – Looks sad and lonely, not enjoying the gains that other alts have seen as of late,” he noted.
Image Courtesy of Big Cheds
The Crypto Could be Poised to Surge as it Flashes Bullish Signs
Despite its laggard performance, another popular analyst noted in a recent tweet that he believes it could be the altcoin best poised to surge in the near-term, setting a roughly 15% upside target at $0.22.
“Always feels weird to say this but out of the majority of charts I see right now, XRP is looking in the best shape for upside for me. 15% – a move to 0.22 doesn’t feel too outrageous,” he explained.
Image Courtesy of Cold Blooded Shiller
How the crypto trends in the coming day as its weekly close fast approaches could be critical for determining which direction it moves in the weeks ahead.
Featured image from Unsplash. origin »
Lately, numerous uncertainties have been seen in the cryptocurrency market, leading to a significant drop in the value of several major coins, like XRP. Despite this, well-known cryptocurrency analyst and enthusiast Javon Marks in a daring forecast has predicted a significant upswing for XRP, setting a $20 price target for the digital asset following its […]
The once-booming cryptocurrency Ripple (XRP) finds itself in a precarious position. The past month has been marked by a significant drop in XRP’s value, leaving investors and analysts in a state of flux.
XRP, the native token of the Ripple network, has been a cryptocurrency on a rollercoaster ride. After a year marked by significant price swings and a high-profile lawsuit, XRP finds itself at a crossroads.
Ripple advocate, John Deaton has gone all in, placing a substantial bet on XRP’s value by flooding his crypto holdings with XRP tokens. This is despite the significant risks associated with the cryptocurrency due to its legal battle with the US SEC.
In the last 48 hours, the XRP market has witnessed a significant amount of large-scale transactions, drawing much attention from the general crypto space. According to data from blockchain tracker Whale Alert, XRP whales conducted transactions involving over a billion XRP on Friday, September 1.
The altcoin known as Stellar, or XLM, has stood strongly alongside XRP as two of the worst-performing cryptocurrency assets of the last few years. But the asset’s woes could soon be turning around after a significant rally aginst Bitcoin took place right under investors noses.
XRP, the third-largest cryptocurrency, was trading at $0.185. Despite maintaining a significant upward price action after a devastating loss on 12th March, the coin has so far failed to post substantiThe post XRP to struggle as potential fall to key support seems imminent appeared first on AMBCrypto.
There have been some recent developments affecting both Ripple and XRP in a significant manner. A new version of Xpring has been released, and there is a partnership with Bank of America. In the new Xpring update, some interesting changes are introduced.
The Ripple blockchain has been a beehive of activity over the last 24 hours in which close to 180 million XRP tokens were transferred. A significant proportion of this huge volume is attributable to only over a dozen transactions.
With Ripple’s XRP posting significant gains today, things could be looking up. XRP just scored a new listing on top-50 cryptocurrency exchange WhiteBIT paired with BTC and USDT. Things Looking Up for XRP? Ripple’s XRP suffered a catastrophic 2019 as the worst-performing of the top 10 coins last year, finishing the year at less than 20 cents a coin.
While some characters see Ripple as a body blow, the majority of people in the crypto community believe the firm is still on its way to becoming one of the most successful global payment solutions. Ripple has been noted for its large community, profound partnerships and, several significant developments and events. Ripple’s XRP has faced […]
The cryptocurrency markets are showing further signs of recovery as the total market cap increased for the second week in a row. Among the top-10 cryptocurrencies, only Ripple (XRP) stood out as a significant gainer against Bitcoin (BTC).
XRP kicked off an intense and unexpected uptrend yesterday, which led the embattled cryptocurrency to rally over 10%, marking a significant outperformance of Bitcoin and the aggregated market. This momentum has not been fleeting thus far – as the crypto is now in the process of posting even further gains as bulls attempt to push...
On March 12, the BTC price broke down below a significant support area found at $0. 15. After nearly a week of consolidating below support, it was finally successful in reclaiming it on March 19.
Although the whole crypto market has now experienced almost two weeks of downside action, altcoins have suffered a bit more than Bitcoin which was recently re-testing $9,000. During the recent mini bull run, Bitcoin started losing a lot of market dominance dropping from a high of 69% to 60.
XRP’s recent price action has been lackluster to say the least, with its notable surge up to highs of $0. 35 being met with significant resistance which, coupled with the bearishness seen across the aggregated crypto market, led it to see a notable retrace.
The XRP price has been decreasing since reaching a high on Feb 15. It has reached a significant support area, a level that is expected to reverse the correction. XRP (XRP) Highlights The price broke out from a descending wedge.
Over the past week, major crypto-assets such as Ethereum, XRP, and Litecoin have registered significant growth rates of 27.78, 16.14 and 10.45 percent, respectively. Bitcoin has spiked by 5.32 percentThe post Forget Bitcoin: Tezos, Algorand, Chiliz register 50%+ surge over the week appeared first on AMBCrypto.
XRP has seen some incredibly bullish price action over the past couple of days, with the crypto’s recent break above $0. 30 leading it to incur significant buying pressure that propelled it up to highs of $0.
Ripple is facing a significant resistance near the $0. 2900 area against the US Dollar. XRP price could decline a few points towards $0. 2700 before it could rise again. Ripple price is struggling to climb towards the main $0.
XRP and all other cryptocurrencies just closed out their weekly candles a couple of hours ago, with today’s close being widely viewed as a critical event that would offer significant insight into where the markets...
Altcoin dominance broke above a significant resistance level, suggesting a further advance. The upswing could indicate the beginning of a new “altseason.” Altcoins Could Gain Significant Market Share At the...The post Altcoin Dominance Rising: Ethereum Leads, XRP and Litecoin Lag appeared first on Cryptocurrency News.
The XRP rally, which took the asset back to $0. 28, may be threatened, as the latest tranche of tokens are sent to Ripple co-founder Jed McCaleb’s wallet. McCaleb Remains Biggest, Best Known Whale in Crypto Space McCaleb, who joined Ripple in 2014 and was the mind behind the creation of XRP, has agreed on a significant repayment in XRP to be doled over time.
XRP incurred a significant amount of upwards momentum over the past couple of days, which came about as Bitcoin and other major altcoins faced turbulence that put their recent uptrend at risk of being invalidated....
XRP just broke above a significant price hurdle that has been containing its price from advancing further since January 2018. Now, this cryptocurrency could be preparing to make higher highs. XRP breaks decisively through resistance After reaching an all-time high of $3.
XRP just broke above a significant price hurdle that has been containing its price from advancing further since January 2018. Now, this cryptocurrency could be preparing to make higher highs. XRP breaks decisively through resistance After reaching an all-time high of $3.
XRP traders are anxiously awaiting whether or not a massive transfer will shake up the markets. Some 68. 5M coins were recently deposited onto the Bybit cryptocurrency exchange. One XRP whale is offloading a large number of their holdings, leaving many wondering whether we can expect to see a significant sell-off in the near future.
The aggregated crypto markets have been caught within a firm and unwavering uptrend over the past several days and weeks, which allowed many cryptos, including XRP, to put significant distance between their current prices and...
The cryptocurrency market appears to have started the week on a positive posture as the top cryptos by market cap are already posting significant gains. Now, some of the most prominent technical analysts in the industry have laid out their perspectives about Bitcoin, Ethereum, and XRP.
Today has been a great day for XRP bulls, as the embattled cryptocurrency has been able to outpace Bitcoin as it races up towards a key multi-year resistance level. This upwards momentum has come about as the aggregated crypto market continues to incur significant strength.
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.
XRP surged nearly 16 percent on Jan. 6 as Binance launched perpetual swaps. Despite the upswing, this cryptocurrency lost a significant portion of the gains it made. Now, several technical indicators estimate a steeper correction.
XRP surged over 15 percent in the last 36 hours following a significant consolidation phase that began in mid-December 2019. Now, this cryptocurrency could be signaling a retracement before the continuation of an uptrend.
XRP was one of the worst-performing cryptocurrencies throughout 2019, ending the year down over 40 percent. Today, however, bulls have been able to generate significant buying activity that has revitalized the embattled token, allowing it to surge a whopping 12 percent.
The XRP price has been correcting the entire year. While it showed some signs of a reversal in September, the rally lost its power and the price has retraced fully. The price has reached a significant support area, which is possibly a make-or-break level for the bullish outlook to remain intact.
It’s been a tough year for XRP, as the cryptocurrency failed to garner any notable momentum throughout the early part of the year while cryptocurrencies like Bitcoin and Ethereum were busy putting a significant amount of distance between their recent late-2018 lows.
Ripple price is diving below $0. 1900 and it recently traded to a new 2-year low against the US dollar. It broke a significant support, opening the doors for further losses below $0. 1800. There is a key bearish trend line forming with resistance near $0.
The XRP price has been on a downward trend since June. In November, it broke down below a significant support line and has decreased all the way to a major support area. Since the beginning of November, the XRP price has lost 40 percent of its value.
Bank of America is easily one of the most influential and one of the largest banks in the world, so any stance of this institution holds significant weight. With the recent declaration that Ripple is an “innovation example,” the XRP community is thrilled, as one member, BankXRP, shared a screenshot from the praise-filled document. Bank […]
Ethereum, Litecoin, and XRP entered a stagnation phase in late November. Thus far, the buy and sell orders behind these assets are not significant enough to bring back volatility to them. The following technical analysis explores what would happen if volume picks up.
During the first half of the year, the top 5 cryptocurrencies by market cap recorded significant gains. Bitcoin went up over 300 percent, Ethereum surged 250 percent, Litecoin rose a whopping 400 percent, and EOS moved up just under 300 percent.
The XRP price has been gradually decreasing since August. It has reached a significant support area where it is currently consolidating. On November 25, almost 50 million XRP were moved to the Bitstamp cryptocurrency exchange from an unknown wallet.
Ripple price is currently correcting from the monthly low of $0.2003. XRP to USD is now trading above $0.2150 and it is facing a lot of strong hurdles near $0.2250 and $0.2350. Key Takeaways: XRP/USD Ripple price is trading with a short term bullish bias above the $0.2150 level against the US Dollar. XRP/USD climbed […]
Over the last week, the entire cryptocurrency market suffered a significant downturn. But, as prices went down, it seems like demand is now picking up and altcoins are starting to rebound. The following technical analysis assesses whether Ethereum, XRP, and Litecoin are bound for a bullish impulse.
Bitcoin's recent fall led to the top cryptocurrencies losing significant value. As the downward trend continued to persist, XRP suffered the least damage. Still trading in its yearly lows, XRP was priThe post XRP's breach of descending channel could drive price up appeared first on AMBCrypto.
Coinspeaker As Bitcoin, Ethereum, XRP and Litecoin Slump, Chainlink SoarsDespite the ongoing negative trends which led to significant declines in Bitcoin, Ethereum and XRP prices, Chainlink has seen a very successful 2019.
Bitcoin has not only seen a significant rise this year but also got into the global spotlight along with other crypto thanks to bankers and politicians
Ripple price is currently struggling to surpass the $0. 2560 and $0. 2600 levels against the US dollar. The price is likely to decline unless there is a clear break above the $0. 2600 resistance.
XRP has been on a consistent downward trend since the beginning of the just concluded week. A steady flow of consecutive bearish candles on the daily timeframe has pulled the price lower each day, eventually guiding it toward an important support at the time of writing.
XRP stood firm as crypto markets took a beating on Tuesday. Most coins fell hard, but XRP avoided hitting new lows. Market watchers now wonder if the altcoin might recover faster than other cryptos.
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.
