XRP has been able to post a notable surge in the time following its mid-March dip that led it to lows within the sub-$0.10 region – a level not seen since prior to the insane 2017 rally that led it to highs of nearly $4.00.
This intense recovery, however, has not allowed the embattled crypto to set higher highs over a macro time frame, and it still appears to be incredibly weak from a technical perspective.
Analysts are now noting that after 850 days of setting lower highs, the token is unlikely to break this intense downtrend, making a sweep of its recent lows imminent.
XRP’s weekly candle close yesterday did little to sway analyst’s current bearishness and has even led some to go as far as to say it could be on the cusp of seeing dire losses.
XRP Flashes Signs of Immense Bearishness Following Grim Weekly Close
At the time of writing, XRP is trading sideways at its current price of $0.219, marking a slight climb from weekly lows of $0.195 and a notable decline from highs of over $0.24.
Although it is still trading well above its multi-week lows within the sub-$0.10 region, it is imperative to note that it has been underperforming Bitcoin and many of its other peers in recent times.
This has led its technical strength against its BTC trading pair to rapidly degrade, even causing it to break below a historically significant level.
As reported by NewsBTC previously, XRP closed its weekly candle yesterday below the 2500 sat level for the first time since 2017.
The last time the crypto posted a sustained close beneath this level, it found itself caught within the throes of an intense downtrend that ultimately led it to lows of 1500 sats – a 40% decline over a short two-week period.
This decline was followed by the explosive uptrend that ultimately sent it to its all-time highs, although the lack of fiat inflows and declining investor interest makes it unlikely that this next potential decline will be followed by similar momentum.
The Token is Unlikely to End Intense Downtrend Anytime Soon, Claims Analyst
One pseudonymous crypto trader recently offered a bleak analysis of the embattled token, explaining that after 850 days of setting lower highs against its USD trading pair, its weakness against BTC is now likely to lead it even lower.
“XRP: Breaking down the range lows with the first weekly close below where it’s spent the last 274 days. You’d have to expect the equal lows at the very least to be taken out at this point. Failure to reclaim quickly could lead to 1500 sats. USD pair marks 850 days of macro LH’s.”
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All cryptocurrencies, from Bitcoin and Ethereum to smaller altcoins, have been rallying over the past few weeks. Just last week, Ether hit a high of $225 — up more than 150% from the lows seen during March’s capitulation.
Since the blow-off top at $3. 30 seen at the start of 2018, XRP has been in a consistent macro downtrend. Even as Bitcoin and other cryptocurrencies roared higher in mini bull markets, the cryptocurrency’s price has been muted, trending lower and lower over time with seemingly no bottom to speak of.
The aggregated crypto market has incurred some intense upwards momentum today, allowing major altcoins like XRP to post notable gains This latest upswing comes shortly after the cryptocurrency incurred a rally independent of the market yesterday It is important to note that XRP has faced a notable rejection against its Bitcoin trading pair, forcing it to remain beneath a key trendline Although XRP has been fully exposed to the downside seen by the aggregated crypto […]
It’s no secret that XRP has been one of the worst-performing cryptocurrencies throughout both 2019 and even 2020, incurring a significant 40 percent loss against USD last year while failing to catch the full momentum seen by its peers in the early part of 2020.
Over the past few weeks, we’ve seen many begin to itch for a rally in XRP, Bitcoin Cash, and other high-profile altcoins. With Ethereum starting to outperform, investors have been wondering when others would follow suit.
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.
A popular sentiment that has developed over the past few days is that XRP, the third-largest crypto by market capitalization, is poised to explode higher. Top altcoins, after all, have seen strong performances over the past few weeks, with Ethereum, especially, starting to post notable gains against Bitcoin.
XRP has seen a notable price climb throughout the past few days, with its price rising in tandem with that of Bitcoin and most other major cryptos. This has led the token up towards $0. 20, which appears to be where it faces some intense near-term resistance.
As the XRP price grows, investor interest seems to as well ? over the past several hours, the XRP ledger has seen over 200 mln XRP sent between unknown wallets
You’ve definitely seen them: YouTube and Twitter posts from Elon Musk, President Donald Trump and Ripple CEO Brad Garlinghouse promising free cryptocurrency. These posts include branding and profile pictures that look exactly like the imagery that the company or individual uses.
The aggregated cryptocurrency market has firmly entered a bout of sideways trading over the past couple of days, which has come about in the time following the market’s recent upswing seen earlier this week that allowed XRP and other altcoins to gain some decent momentum.
Ripple’s XRP ever since it hit its all-time high, a little over $3, has failed to make any vital impact on the crypto market. The potential behind the coin has seen investors and experts demand more from it but that hasn’t been the case.
XRP has lost its 3rd place to Tether (USDT), a popular stablecoin and much like the digital asset controversial. Last week, the crypto market endured a violent sell-off that not only resulted in Bitcoin seeing its highest percentage loss in 7 years but also XRP crashing to $0.
XRP prices were slashed to levels not seen since May 2017. Despite the already painful sell-off, one prominent crypto analyst estimates that Ripple’s main asset could enter free fall. XRP...The post XRP on the Verge of Free Fall appeared first on Crypto Briefing.
Although Bitcoin remains up on the year, XRP hasn’t fared as well; the third-largest cryptocurrency, per data from CoinMarketCap, is down over 40% from its $0. 34 high seen in the middle of February, posting a small loss since the year started.
XRP has seen some intense losses over the past week, with the cryptocurrency sliding from highs within the mid-$0. 30 region into the lower-$0. 20, erasing the bulk of the gains it incurred as a result of its intense 2020 uptrend.
On Feb. 15, XRP went above $0. 340, a level that was last seen in early July 2019. But as Bitcoin takes a drop, XRP went down to $0. 262 again, to early February levels. Currently, the third-largest cryptocurrency by market cap is trading at $0.
The past few days haven’t been kind to the crypto markets. After peaking last week, market leaders Bitcoin, Ethereum, and Ripple’s XRP and smaller altcoins saw their values tank. XRP, unfortunately, was hit especially hard, perhaps because it has seen an especially strong rally over the past eight weeks.
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.
Tezos was one of the best performing altcoins in 2019 and it’s still on its way to continue that trend in 2020 too. The digital asset has already experienced a 127% price increase during this month in just 18 days, this has seen it outperform major altcoins like Ethereum and XRP. Tezos is currently in […]
Key Highlights The US dollar has now forced the XRP price value into a range trading condition. The XRP/USD price now hovers around $0. 30 and $0. 28 zones. The $0. 30 value, again seen as a strong-line retarding free upward ride of the XRP/USD bulls.
XRP, like most major altcoins, has seen an intense selloff today that has been primarily driven by Bitcoin’s decline to lows of $9,500, with the benchmark cryptocurrency’s downtrend accelerating in the time following its violent break below $10,000.
The ongoing rally seen amongst major cryptos has allowed XRP to break past the key resistance it was previously facing around $0. 33, with its movement past this level leading analysts to grow even more bullish on the cryptocurrency than they were before.
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.
Altcoins have seen a resurgence off-late, with large-cap altcoins performing better in terms of price when compared to Bitcoin over the last week. In fact, some reports have also suggested that these The post Ripple CEO responds to Novogratz's XRP price prediction appeared first on AMBCrypto.
XRP has seen some decent bullishness over the past several days, which has allowed the cryptocurrency to secure what appears to be a strong foothold within the mid-$0.20 region. This bullishness has come about in the face of turbulence within the aggregated crypto markets, with Bitcoin struggling to break through the intense resistance that exists […]
The post Ripple offloads nearly $200m in XRP; will this thwart its growing signs of bullishness? appeared first on CryptoSlate.
It’s no secret that XRP has a track record of seeing incredibly poor performance over the past several days and weeks, with the embattled crypto posting fairly consistent losses throughout 2019 while struggling to match the massive gains seen by many other major altcoins in 2020.
XRP has been moving down in terms of its value in Bitcoin for the last four to five months. The coin fell by around 10% on January 7 from 2895 sats to around 2600 sats, after XRP had seen a ~14.3% risThe post Bitcoin's 200DMA breach could push XRP to 2396 sats ($0.22) in February appeared first on AMBCrypto.
Ripple's XRP-powered cross-border payment solution, On-Demand Liquidity [ODL] has seen an exponential rise since last year. The XRP/PHP trading pair on the Manila-based exchange Coins.ph, which leveraThe post Here's why Ripple's XRP-powered ODL sees record-breaking volumes appeared first on AMBCrypto.
Retired UFC fighter Ben Askren, who is known for supporting several cryptocurrencies in the last few years, recently stated that he thinks XRP is a scam. UFC fighter bashes XRP, calls it a ‘scam’ XRP, currently the third-largest cryptocurrency in the world by market cap, has seen its fair share of accusations over the years.
Over the past month, altcoins have finally started to break higher, reversing the Bitcoin-centric trend seen in the crypto market throughout all of 2019. In fact, the BTC dominance metric has dropped to 66% over the past week, with digital assets like Ethereum, XRP, and Litecoin starting to outpace the market leader.
XRP – the cryptocurrency with close ties to fintech company Ripple – had a rough 2019, posting yearly losses of over 40% that came about in tandem with a general rise seen by Bitcoin and other cryptocurrencies.
The cryptocurrency market mounted a crazy recovery on Friday. Bitcoin, Ethereum, XRP, and all the rest of the altcoins surged higher, rallying to prices not seen since days earlier. While this was notable in and of itself, with BTC managing to retake the $8,000 price point on a daily basis in a move benefiting bulls,... The post appeared first on NewsBTC.
There’s no doubt the crypto market has suffered a brutal beating in the last 48 hours. Bitcoin, Ethereum, XRP, and a majority of other leading cryptocurrencies have all posted approximately 8% losses since Tuesday’s peak, tumbling as buyers failed to maintain the relatively high prices seen in the uptrend.
Malta-based cryptocurrency exchange Binance has just added Ripple’s XRP cryptocurrency to its futures trading platform. According to an announcement made by Binance earlier today, XRP is now available to trade as a perpetual futures contract on the Binance Futures exchange.
XRP has been one of the worst performing major cryptocurrencies throughout 2019, as it struggled to gain the upwards momentum seen by Bitcoin in the early half of the year, while underperforming BTC during its downtrend during the second half of the year.
After a ~26% rise in value between the 17th and 18th of September, XRP’s 33% crash over the next 6 days shook the community, as the coin saw lows last seen over two years prior. Despite a relativelyThe post XRP's short-term rise to $0.206 likely appeared first on AMBCrypto.
XRP has been facing some bearish price action in recent times despite the ongoing recovery seen across the aggregated crypto markets and the increasing investments that Ripple is making to further enhancing the token’s utility.
XRP price has dropped below $0. 20, going to $0. 192, a level was last seen in early November 2017, just before the digital asset climbed to its all-time high. The third-largest cryptocurrency is currently trading at $0.
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
Yesterday, XRP revisited values last seen during the drop in value that occurred toward the end of September. Having risen since then, it sported a neat price-tag near $0. 25 at the time of writing.
Despite the high volatility seen across many altcoins, especially those based in China, the rest of the market is holding steady without much action. Some of the most prominent technical analysts in the space, such as Tone Vays, are expecting more downside.
RippleNet, the network of financial institutions and payment providers using the Ripple ledger, has hit a milestone of 300 institutional customers from 45 different countries. On top of that, On-Demand Liquidity (ODL), which uses XRP to eradicate pre-funding capital requirements, has seen 7x growth from the end of Q1 2019 to the start of Q4,Read MoreRead More.
Last year at Swell, we first announced On-Demand Liquidity (ODL), which leverages the digital asset XRP as a bridge currency to eliminate the need for pre-funding in cross border payments. Since then, we have seen tremendous growth and customer interest with more than 7x the number of transactions using ODL from the end of Q1 … Continued
The post Swell 2019: How On-Demand Liquidity Is Changing the Global Payments Game appeared first on Ripple.
After the sudden spike in prices seen across the entire market last week, it seems like most cryptocurrencies entered a consolidation phase. Now, Bitcoin, Ethereum, and XRP appear to be bound for a significant move in the next few days.
Stellar is charting a small upward trend, adding more than 10% in a week. XLM trades at $0. 069, boosted by the upcoming Meridian conference in Mexico. Stellar and XRP Often Move in Unison Stellar has remained relatively stagnant, failing to return to levels near $1.
XRP daily transactions are skyrocketing ahead of its most anticipated conference. XRP could surge significantly, according to a renowned technical analyst. The lack of regulatory clarity in the U.
The number of daily XRP transactions has exploded, closing on the all-time high of 1. 70 million, in what could be the largest spike ever the digital asset has seen in its transaction output. According to Bitinfocharts, from just 727k on Oct.
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.
On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.
On-chain data shows the XRP whales have participated in a large accumulation in the past week, which could be bullish for the asset’s price. XRP Whales Bought More Than 140 Million Tokens Over The Past Week As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased their supply share recently.
Data shows that users on social media are overwhelmingly showing FOMO towards XRP and Litecoin, something that could be a bearish sign for their prices. Weighted Sentiment Has Spiked For Both XRP & Litecoin Recently According to data from the analytics firm Santiment, LTC and XRP are among the coins that have seen an improvement in sentiment following the recent price recovery.
