XRP price up nearly 10% as bulls break above $0.50

2023-3-29 19:06

XRP price rose nearly 10% to highs above $0.50 on Tuesday. Ripple is set for a court decision in its battle with the SEC, with social dominance for XRP rising. XRP price is up amid increased volume, with support for the XRP/TUSD pair on Binance added on 29 March.

The price of XRP soared nearly 10% on Tuesday morning to break above $0.50 for its highest level since early November. The XRP price is up 32% this past week.

XRP’s gains came as the broader cryptocurrency market endured yet another slow day, with action muted as the community digested recent news around major cryptocurrency exchange Binance. 

As of 11 am ET on 28 March, the XRP token traded at $0.5045, the highest price for the Ripple cryptocurrency since 5 November 2022 when it sharply dropped from above 50 cents to lows of $0.33.

XRP price outlook amid volume spike

Today’s upside comes after a week of growing positivity for XRP, with expectations over the SEC vs. Ripple Labs case helping return huge volume to the top 10 crypto.

The Commodity Futures Trading Commission (CFTC) terming Bitcoin, Ethereum and Litecoin as commodities in its complaint against Binance has only helped to fuel sentiment that XRP will be declared a commodity and not security when its court battle with the US regulator concludes.

On Monday, John Deaton, the founder of Crypto Law and a blockchain enthusiast, suggested that XRP offers the best risk/reward ratio.

“The Judge’s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what’s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and its made clear XRP isn’t a security? Upside?”

XRP has the most attractive risk/reward ratio IMO. The Judge’s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what’s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and its made clear XRP isn’t a security? Upside? 🤔

— John E Deaton (@JohnEDeaton1) March 26, 2023

This outlook for XRP has persisted over the past few days, with trading volume spiking as the network experienced increased mainstream interest.

According to on-chain data platform Santiment, XRP’s breakout to a 50-week high coincides with XRP Network’s social dominance bursting to a new year-high level. This has only added to increased crowd recognition, suggesting the cryptocurrency could see further upside volatility as volume spikes.

👀 #XRPNetwork's social dominance is at its highest point in a year following the surge above $0.49 for the first time since Nov. 6. Added $XRP crowd recognition means more volatile price swings caused by increased volume & mainstream interest. https://t.co/bMT66JTwmT pic.twitter.com/pUIWe9vGKu

— Santiment (@santimentfeed) March 27, 2023

Binance’s announcement that it will support for the XRP/TUSD pair starting 29 March, 2023 has also contributed the social chatter that’s seeing XRP price look to test new multi-month highs.

However, while bulls might have a chance to extend gains above $0.50, chances of a short term sell-off are likely given the outcome of the SEC case as well as prevailing market sentiment. If profit taking intensifies, its possible XRP could retreat to recent support near $0.36.

The post XRP price up nearly 10% as bulls break above $0.50 appeared first on CoinJournal.

origin »

Ripple (XRP) на Currencies.ru

$ 2.0528 (-0.20%)
Объем 24H $1.355b
Изменеия 24h: -0.53 %, 7d: -1.70 %
Cегодня L: $2.0508 - H: $2.0713
Капитализация $124.787b Rank 5
Цена в час новости $ 0.5243 (291.53%)

xrp price above nearly amid social dominance

Источник: coinjournal.net

xrp price → Результатов: 126


XRP Leads Market Rally with 12% Surge: What’s Driving the Spike?

XRP surged 12% to reach $2. 42 on January 6, marking its highest price since mid-November 2025, before hovering around the current $2. 35 mark. Related Reading: Here’s Why The Shiba Inu Price Jumped Over 13% The jump coincided with a strong influx of capital into XRP-focused exchange-traded funds (ETFs), technical breakout patterns, and a sharp reduction in short positions.

2026-1-7 02:00


XRP Price Is Not Out Of The Woods As A 56% Crash Could Be Coming, Here’s Why

XRP price may be stabilizing above recent lows, but underlying signals suggest the asset remains structurally vulnerable. While short-term price action shows marginal recovery, market analyst Ali Martinez argues that weakening network fundamentals, large-holder distribution, and fragile technical support indicate downside risk has not been neutralized.

2026-1-1 03:00


Banks Could Favor A Higher XRP Price, Finance Expert Says

XRP has continued to trade lower as crypto prices weaken across the board, with the total market shedding more than $1. 3 trillion since October. Related Reading: Bitcoin Feels The Weight Of Quantum Risk Concerns, Industry Leaders Warn During the past three months, XRP has dropped more than 30%, keeping pressure on sentiment even as some commentators argue the token’s purpose goes far beyond short-term price moves.

2025-12-21 00:00


XRP Dominates Institutional Inflows, But Why Is Price Still Low?

XRP is at the center of the institutional flows, leading the crypto market in streaks of capital inflows even as its price is locked around $2. Recent data shows that money is still entering into Spot XRP ETF products, but despite this steady demand and a clear shift toward bullish sentiment across social platforms, XRP’s spot price has struggled to break higher, and this raises questions as to why inflows and price action appear out of sync.

2025-12-16 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Are XRP ETFs About To Act Like Banks? Expert Thinks So

US Senate debate over a bill called the Clarity Act has reignited discussion about XRP and other crypto products, and how they might be treated under US rules. Related Reading: Ethereum Staking Hits Record Levels As Buterin Urges Builders To Deliver Real Apps Reports have disclosed that the bill could give clearer status to tokens that back US-listed ETFs, moving them closer to commodity-style treatment.

XRP Poised To Move On Its Own, Separate From Bitcoin: CEO

For a market that usually moves in one direction, some voices are starting to say this time might look a little different.  Canary Capital CEO Steven McClurg said XRP could move on a different path from Bitcoin this year, pointing to enterprise use cases as a key reason.