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Tag: Ripple (XRP) Price

  • XRP’s Path to a New Record High: The Key Steps You Need to Watch

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    TL;DR

    • It has been more than a month since Ripple’s native token registered a massive leg up that drove it beyond its 2018 all-time high to set a new one at $3.65.
    • Although the asset has lost a sizeable chunk of its value since then, analysts remain bullish about its potential for a new record this year.

    The first big challenge for XRP is to stop the recent freefalls. Recall that the asset dumped by over 25% since its mid-July ATH in a drop to $2.70 marked earlier today. This became its lowest price tag since July 13.

    However, there are certain positive signs that this correction could be coming to an end, such as the number of tokens accumulated by large investors known as whales.

    If the asset indeed defends that level, the next obstacle toward a new all-time high would be to break the $2.90 resistance. After that, the popular analyst with over 150,000 followers on X noted that XRP’s next target will be beyond the current record at $3.7.

    While this may sound a bit unlikely at the moment, given the current market sentiment, Ripple’s token has proven in the past year that it is capable of massive price runs. Just a year ago, it traded at $0.60 before it exploded to $3.40 in January at the aforementioned new peak at $3.65 during the summer.

    Many analysts on Crypto X certainly believe in the asset’s positive future. For instance, Charting Guy noted that XRP could be at the end of a five-wave ascending channel, which could result in a price surge to $4.16, $4.63, and $5.39.

    Also, if you want to know what the most popular AI chatbots, such as ChatGPT and Grok, think about XRP’s potential by the end of the year and whether it could break its ATH, you can check this article.

    The post XRP’s Path to a New Record High: The Key Steps You Need to Watch appeared first on CryptoPotato.

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    Jordan Lyanchev

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  • XRP Ledger Hits Record RWA Market Cap as Big Players Join the Blockchain Boom

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    The blockchain behind the XRP cryptocurrency – XRPL – finished the second quarter of 2025 at a record RWA market cap of $131.6 million. Messari’s data revealed that the growth was fueled by newly issued assets announced at XRPL Apex in Singapore.

    Some of the most important additions included Ondo’s OUSG tokenized treasury fund, Guggenheim’s digital commercial paper, and Ctrl Alt’s tokenized real estate.

    XRP Ledger Sees Mixed Quarter

    The surge in real-world assets on XRPL set the stage for broader network activity, but despite these high-profile launches, daily engagement metrics highlighted a contrasting slowdown.

    In the second quarter, most network metrics showed declines, but the notable exception was total addresses, which grew 4% quarter-on-quarter from 6.3 million to 6.5 million. Average daily active addresses fell sharply by 41.2% to 75,200, while total new addresses dropped 46.2% to 305,800, as the network witnessed a reduced engagement from both new and existing users.

    Despite this quarterly slowdown, year-over-year figures remain strong, with average daily active addresses up 165.5% and new addresses increasing 219.8%. Average daily transactions on the network also declined 20% in Q2, recording 1.6 million.

    The stablecoin metrics, on the other hand, stayed strong. At the end of Q2, RLUSD, Ripple’s USD-backed stablecoin, reached a market cap of $65.9 million on the XRPL. This figure represented more than a 49% increase quarter-on-quarter as RLUSD cemented its position as the largest stablecoin on the network.

    Other launches during the same period included Circle’s USDC, Braza Group’s USDB, Schuman Financial’s EURØP, and StratsX’s XSGD, which has expanded the XRPL stablecoin ecosystem.

    Meanwhile, NFT activity on the network staged a strong recovery in Q2 as daily average total transactions climbed 226.9% from 15,400 to 50,400. The primary driver was a tenfold jump in NFT minting, which rose from 3,400 to 37,800 per day, while other NFT transaction types remained mostly unchanged.

    Interestingly, NFTokenMint reemerged as the dominant transaction type after a quieter Q1 2025, similar to its surge in Q4 2024. By quarter-end, the XLS-20 standard accounted for nearly 13.5 million minted NFTs, including 3.4 million from Q2 2023, 1.8 million from Q4 2024, and 3.4 million from Q4 2023.

    XRP’s Jaw-Dropping Upside Potential

    Its native token, XRP, fell below the crucial level of $3 after a minor slump of 1.51% over the past day. Despite the setback, a new regression model has sparked speculation that the altcoin could one day reach $200.

    Analyst EGRAG CRYPTO applied a linear regression on a logarithmic scale, noting an R-squared value of 0.84754, which indicated strong historical correlation. The model outlines three potential outcomes: $18, $27, or a dramatic $200 overshoot, depending on XRP’s interaction with its historical price channel.

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    Chayanika Deka

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  • XRP ETF Inflows Will Surprise Many Once Approved, Predicts Former US Senate Candidate

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    John E. Deaton, a cryptocurrency-focused lawyer who ran against Elizabeth Warren for a Senate seat in Massachusetts, believes XRP ETFs will attract substantial inflows once these products are greenlighted by the US Securities and Exchange Commission.

    The number of active applications continues to grow, with the most recent one aiming to launch a Monthly Option Income ETF focused on Ripple’s native token.

    A Lot of Filings

    Deaton’s comments came in response to the Wolf of All Streets’ remarks that the total number of applications for spot Ripple ETFs has grown to 15. However, that information is a bit dated as another filing reached the US SEC desks this week.

    As reported yesterday, Amplify ETFs filed for an XRP Monthly Option Income ETF, which will work differently from a spot one. It doesn’t rely so much on big gains for the underlying asset. Instead, it uses trading strategies to generate steady, predictable, but capped monthly income for its investors.

    Despite the increasing number of applications, the US regulator continues to delay making a decision on almost all of them. The next major deadlines are scheduled for October, following the SEC’s request for comments from issuers, which has led to recent filing updates.

    Inflows Will Indeed Surprise You?

    Although Deaton wasn’t specific whether the inflows will surprise investors in a positive manner, it’s safe to assume so, given his history with the XRP Army. After all, he was among the most prominent attorneys representing XRP holders in the legal battle between the SEC and Ripple.

    Obviously, that’s up for debate since the ETFs are not officially approved. However, there has indeed been notable demand for XRP, which was evident from the futures ETFs as well as the recent record for the asset on CME futures.

    So far, we have seen only two cryptocurrencies with spot exchange-traded funds tracking their performance. The market leader started with massive inflows since the BTC ETFs’ inception in January 2024. In contrast, the ETH ETFs had a sluggish start, and they picked up the pace almost a year later.

    For now, the XRP Army is left with having to wait for an official SEC decision, but the crowd seems to be quite optimistic with odds on Polymarket surging to 87% for an approval by the end of the year.

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    Jordan Lyanchev

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  • XRP and the US Fed: How Rate Cuts Could Impact Ripple’s Price (ChatGPT Breaks it Down)

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    TL;DR

    • Jerome Powell, the current Chairman of the US Federal Reserve, hinted that the central bank might reduce the key interest rates as soon as September this year.
    • Rate cuts are typically regarded as bullish for riskier assets, such as crypto, and here’s what ChatGPT thinks about the potential impact on XRP.

    Fed Rate Cuts to Pump XRP?

    The Jackson Hole speech took place on Friday as the crypto market had braced for impact with a week-long correction that drove BTC from over $118,000 to under $112,000, ETH from above $4,800 to $4,100, and XRP dumped below $2.8 to market a multi-week low.

    Although Powell failed to specify whether the Fed will indeed cut rates at its next FOMC meeting in September, his words were perceived as promising by investors, who poured billions of dollars into the ever-volatile, risky crypto market. BTC jumped beyond $117,000, albeit briefly, while ETH rocketed to a new all-time high of almost $4,900.

    Another sign that the market will now anticipate a rate reduction in September came from Polymarket as the odds for such a Fed move went from under 60% to almost 80% within hours. Consequently, CryptoPotato explored the potential effects on the two largest cryptocurrencies by market cap, more on which can be found here, and we have now shifted our focus to the third-biggest.

    We asked ChatGPT about its take on the matter, and the AI solution explained that lower rates mean that borrowing becomes cheaper and money flows more easily into risk assets, at least in theory. History shows that rate cuts have boosted stocks, gold, and cryptocurrencies, as investors seek higher returns.

    For XRP in particular, this could mean more speculative inflows from traders reallocating from bitcoin or even other traditional assets into well-known and established altcoins, such as the second-largest.

    It also explained that lower rates weaken the US dollar, which often strengthens bitcoin first but “altcoins like XRP typically follow with a lag – sometimes explosively once capital rotates.”

    ETF Exposure and Potential Risks

    With roughly ten filings made by different companies to launch their own spot XRP ETFs, Ripple’s community is frequently speculating when such financial vehicles will finally be approved in the US, following those for BTC and ETH. ChatGPT believes the right timing of potential approvals of Ripple ETFs could be massive for the underlying asset.

    “A lower interest rate environment makes yield-bearing Treasuries less attractive. Institutions may look harder at crypto ETFs (including pending XRP ETF filings) as a way to diversify.

    If an XRP ETF is approved around the same time, rate cuts could supercharge inflows.”

    However, the AI chatbot also outlined potential short-term risks. If rate cuts occur due to recession fears, risk appetite will initially decline, which includes bitcoin and the altcoins. As such, it warned that investors might “exit risk assets (including XRP) until confidence in economic recovery returns.”

    Overall, though, ChatGPT was bullish on XRP if the US Federal Reserve indeed cuts the rates. It outlined a positive medium-term path for the asset, and a highly bullish run if the ETF stars align.

    “Bullish Medium-Term: Fed rate cuts are generally positive for XRP because they boost liquidity, weaken the dollar, and increase demand for alternative assets.

    Catalyst Combo: If rate cuts coincide with an XRP ETF approval or favorable legal clarity, XRP’s upside could accelerate toward — or beyond — its all-time high.”

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    Jordan Lyanchev

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  • Are Ripple XRP ETFs Inevitable After These Positive Updates?

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    TL;DR

    • Following the recent delays by the US Securities and Exchange Commission, several filings for Ripple ETFs have been updated by the companies behind them.
    • The asset’s price has also staged a remarkable recovery following the recent local bottom, especially after yesterday’s update on the legal case against the securities regulator.

    ETF Updates

    Recall that just earlier this week, the SEC delayed making a decision on several XRP ETF applications filed by companies such as Bitwise, Canary, Coinshares, and Grayscale. These entities were quick to respond, according to Bloomberg’s ETF expert James Seyffart, as they have already updated their respective filings.

    He believes this is “almost certainly” due to the feedback received by the Commission. The cryptocurrency community is familiar with this process, as the BTC and ETH ETF issuers had to endure essentially the same procedures before their respective funds saw the light of day. Consequently, Seyffart categorized these updates as a “good sign, but also mostly expected.”

    Fox Business’ Eleanor Terrett shared Seyffart’s post, adding that these updates “make sense” to be done now, as the new deadline for the SEC is set for October, and it is approaching fast.

    SEC Legal Case and XRP Moves

    Ripple and the SEC had another interaction yesterday. As reported, the Second Circuit finally approved the two parties’ joint stipulation of dismissal, which was filed earlier in August. According to experts, this is most likely the final step needed before the official conclusion of the case. The duo had filed such dismissals in the past as well, but Judge Torres denied them at first.

    XRP’s price reacted immediately to the news yesterday. The asset had tumbled to a multi-week low of under $2.80 but skyrocketed to $3.10 within minutes. It’s worth noting that it also benefited from the overall market revival following the Jackson Hole speech by Fed Chair Jerome Powell.

    Despite retracing slightly since that local peak, XRP still trades above $3.00, which is a crucial support-turned-resistance-turned-support level.

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    Jordan Lyanchev

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  • XRP in Danger: Ripple Token Could Fall Further After Losing Key Resistance (Analyst)

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    TL;DR

    • XRP trades near $3 after rejection at $3.32, with support at $2.90 in focus.
    • XRP Ledger’s NVT ratio falls 80%, showing higher transaction activity despite ongoing market weakness.
    • SEC postpones decision on several ETF applications, including Nasdaq’s CoinShares proposal, until October, extending regulatory uncertainty.

    Price Holds Near $3.00

    Ripple’s XRP closed Monday near $3.00 after giving back gains from earlier in the day. A late selloff in the final trading hour pushed the token lower on heavier volumes. Traders pointed to stop-loss liquidations and possible institutional selling behind the move.

    At the press, the XRP’s price was changing hands at $3.00, and the Daily volume stood at $6.57 billion. The token rose just over 1% in 24 hours but is still down nearly 5% on the week. In the past day, the price moved between $2.95 and $3.10. For the week, the range has been $2.96 to $3.34. The token remains 18% below the record $3.65 set on July 18.

    Analyst BitGuru said XRP has been sliding since it failed to hold above $3.32. The four-hour chart shows a clear downtrend, with lower highs and lower lows. The asset is now resting on another crucial support zone at $3.00.

    If buyers can defend that level, a rebound toward $3.20 looks possible, which is an area that stopped rallies earlier this month. If $3.00 breaks, the next level sits at $2.90. A deeper move could open the way toward $2.70 to $2.80, where demand was seen in July.

    On-Chain Data Shows Activity

    While the price is under pressure, network activity is holding firm. The XRP Ledger’s NVT ratio has dropped to 111.8, down almost 80% from earlier levels. The fall means more transaction volume relative to market value.

    Source: CryptoQuant

    That increase in activity suggests the token is being used more on-chain even while the price consolidates. Market watchers often treat lower NVT readings as signs of healthier usage compared with valuation.

    SEC Pushes Back ETF Decision

    In addition, regulators added to the uncertainty. The US Securities and Exchange Commission delayed its ruling on Nasdaq’s proposal to list the CoinShares XRP ETF. The decision, originally due August 24, has been moved to October 23.

    The agency said it needed more time to review the filing and comments. The delay extends the wait for investors watching progress on new XRP-linked products.

    Additionally, the US regulator postponed making a decision on a few more XRP ETF applications, including those from Bitwise, Canary, and Grayscale.

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    Olivia Stephanie

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  • Is XRP in Danger of Falling Below $0.5? (Ripple Price Analysis)

    Is XRP in Danger of Falling Below $0.5? (Ripple Price Analysis)

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    Ripple’s price has been bearish over the last few weeks as it failed to continue its upward momentum. Looking at the technical charts, more downsides are probable in the short term.

    Ripple Price Analysis: Technicals

    The USDT Paired Chart

    By Edris Derakhshi (TradingRage)

    Against USDT, the XRP price has recently crashed below the $0.6 level and the 200-day moving average, which is located around the $0.55 mark.

    With the RSI also showing values below 50%, the momentum is clearly bearish. The market is likely to drop toward the $0.5 support level in the upcoming days and even lower toward the $0.43 support zone if the $0.5 level is broken.

    Source: TradingView

    The BTC Paired Chart

    The XRP/BTC chart shows a similar behavior, as the price has dropped below the 850 SAT support level and the 200-day moving average, located around the same price mark.

    Therefore, a further decline toward the 600 SAT area could be expected if the market does not climb above the 200-day moving average soon.

    Meanwhile, the RSI is reaching the oversold regions, which could point to a potential bullish reversal or consolidation in the short term.

    xrp_price_chart_2410242
    Source: TradingView
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    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.

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    CryptoVizArt

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  • XRP Price Crashes 12% as SEC Appeals in the Ripple Lawsuit

    XRP Price Crashes 12% as SEC Appeals in the Ripple Lawsuit

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    On Oct. 2, the US Securities and Exchange Commission filed a notice of appeal in the Ripple lawsuit seeking to overturn an earlier ruling.

    The agency has appealed a 2023 verdict set by Judge Torres, which ruled that secondary sales of Ripple’s XRP token did not constitute securities sales.

    The judge ruled that XRP failed to satisfy all the conditions for the SEC’s Howey test to be classified as an investment contract.

    The filing was shared by defense lawyer James Filan on X.

    Ripple Fights Back

    Ripple chief legal officer Stuart Alderoty said the appeal was “disappointing, but not surprising.”

    He added that this just prolongs what is “already a complete embarrassment for the agency.”

    “The Court already rejected the SEC’s suggestion that Ripple acted recklessly, and there were no allegations of fraud and, of course, there were no victims or losses.”

    He said that the SEC “continues to engage in litigation warfare against the industry” before adding that the firm is evaluating whether to file a cross-appeal.

    Ripple CEO Brad Garlinghouse also addressed X on Oct. 3, stating that if SEC chair Gary Gensler and the regulator were rational, “they would have moved on from this case long ago.”

    He vowed to continue fighting as long as necessary:

    “While we’ll fight in court for as long as we need, let’s be clear: XRP’s status as a non-security is the law of the land today – and that does not change even in the face of this misguided – and infuriating – appeal.”

    Candidate for Massachusetts Senator John Deaton unleashed a tirade on X, stating that a candidate wouldn’t typically comment on an appeal:

    “However, I’m not your typical candidate and I spent hundreds of pro bono hours and over $75K of my own money, fighting gross overreach and misconduct at the SEC.”

    Almost four years after suing Ripple and making the above ridiculous claims, SEC lawyers apologized (in a different case) for suggesting tokens themselves were securities, he said before adding:

    “Because the SEC is pursuing an anti-crypto agenda, it will now waste more taxpayer money. Gary Gensler is a disgrace.”

    XRP Tanks

    The news has rattled XRP holders who have been aggressively selling the asset, resulting in a 12% slump on the day.

    The asset was trading above $0.60 on Oct. 2 but crashed to bottom out at just below $0.53 during early trading in Asia on Thursday morning.

    XRP is currently at a three-week low and still trading down 84% from its January 2018 all-time high despite recent ETF applications.

    Source: CoinGecko
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    Martin Young

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  • Ripple (XRP) Price Predictions for ‘Uptober:’ Major Rally or Severe Correction?

    Ripple (XRP) Price Predictions for ‘Uptober:’ Major Rally or Severe Correction?

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    TL;DR

    • Analysts expect a strong rally for XRP in October, with potential new highs.
    • However, overbought RSI signals a risk of short-term correction.

    Bulls Anticipate a Massive Rally

    Ripple’s XRP has experienced enhanced volatility since the start of 2024, witnessing major pumps and significant plunges. In the aftermath, though, its current price is roughly the same as the one witnessed on January 1, trading at around $0.62 (per CoinMarketCap’s data).

    XRP Price
    XRP Price, Source: CoinMarketCap

    Some analysts and proponents of the asset believe October will be highly successful. Their prediction is partially based on the fact that it is usually a bullish month during which many leading cryptocurrencies record substantial gains. As such, it is widely regarded in the community as “Uptober.”

    Not long ago, the popular X user JackTheRippler forecasted that October will be “a life-changing month” for XRP holders. The analyst argued that the asset could reach a new all-time high in the next 30 days, assuming the SEC doesn’t appeal the Ripple case (among other factors).

    The agency has until October 7 to appeal Judge Torres’ decision, which ordered the company to pay a $125 million penalty for violating certain securities laws. Over the past few weeks, there have been increased rumors that the SEC will seek such action. American lawyer Fred Rispoli, for instance, believes the chance for an appeal is 60%.

    Other analysts envisioning a short-term rally for XRP include EGRAG CRYPTO and Dark Defender. The former maintained that the token’s Average Sentiment Oscillator (ASO) recently recorded a bullish cross with the price chart. Historically, such developments have been followed by a huge resurgence in XRP’s valuation. 

    The ASO is a momentum-based technical analysis tool designed to gauge market sentiment by calculating the average percentage of bullish and bearish movements over a certain period.

    For their part, Dark Defender thinks XRP will enter a bull run mode once “eliminating” the important resistance level of $0.6649. Recall that its price surpassed that mark a few days ago before retracing back to $0.62.

    The Bearish Signal

    Despite the optimism shared by the aforementioned analysts, one factor suggests that XRP’s value might plunge soon. This is the Relative Strength Index (RSI), whose ratio briefly soared above 70 in the past few days. 

    Such high readings indicate that the asset is in overbought territory, meaning it could be headed for a correction. Conversely, when the RSI slips below 30, this might signal a buying opportunity. 

     

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    Dimitar Dzhondzhorov

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  • Ripple’s (XRP) Price Rally, Bitcoin’s Volatility Amid Trump Assassination Attempt, SHIB Price Outlook: Bits Recap Sep 16

    Ripple’s (XRP) Price Rally, Bitcoin’s Volatility Amid Trump Assassination Attempt, SHIB Price Outlook: Bits Recap Sep 16

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    TL;DR

    • XRP gained 7.5% last week, boosted by Grayscale’s Ripple Trust launch and rumors of a Robinhood re-listing.
    • BTC dropped below $60,000 after briefly surpassing $60,500, affected by negative news in the broader market such as the supposed assassination attempt on Donald Trump.
    • SHIB increased by 2% over the week amid a high level of fear, uncertainty, and doubt (FUD) in the ecosystem.

    XRP’s Performance as of Late

    Ripple’s XRP was at the forefront of gains last week, following Grayscale’s decision to launch a dedicated Ripple Trust. The product, which allows users to have direct exposure to the asset without the need of purchasing, storing, or holding it, saw the light of day on September 12.

    XRP’s price charted a substantial green candle minutes after the announcement, rising to as high as $0.57. Its uptrend continued in the following days, reaching almost $0.60 on September 15. Another factor fueling the rally could be the increased rumors that Robinhood has re-listed XRP on its platform. The company’s website shows that Ripple’s native token is indeed among the supported cryptocurrencies. 

    Over the past several hours, XRP has lost some ground and currently trades at around $0.57 (per CoinGecko’s data). However, it remains in green territory on a weekly scale, up 7.5% for that period. Those willing to explore some interesting predictions from popular analysts can take a look at our article here.

    XRP Price
    XRP Price, Source: CoinGecko

    BTC Lost the $60K Level

    The primary cryptocurrency also witnessed a significant uptick in the past week, with its valuation jumping above $60,500 over the weekend. The rally was interrupted in the last several hours following the reports of an attempted assassination on Donald Trump.

    As CryptoPotato reported, the FBI has started an investigation into the incident where numerous gunshots were fired at the golf club at the time the presidential candidate was playing.

    The cryptocurrency sector reacted negatively to the news, and its global market capitalization is down 4% on a daily scale, currently set at approximately $2.12 trillion. BTC fell well below $60,000, hovering at $58,400 as of the moment of writing these lines.

    It will be interesting to see whether the asset’s downtrend will intensify in the following days or it will recover after the FOMC meeting (scheduled for September 18). Multiple industry participants expect the US Federal Reserve to lower the interest rates, thus making money-borrowing easier and potentially boosting investor interest in risk-on assets such as cryptocurrencies. 

    What About SHIB?

    The second-largest meme coin recorded a mild increase in the last seven days, with its value rising by 2%. Not long ago, the crypto analytics platform Santiment estimated there is a “tremendous” amount of FUD within the Shiba Inu ecosystem. 

    Fear, Uncertainty, and Doubt (FUD) describes the dissemination of negative or false information, rumors, or emotions that create panic among investors, potentially triggering selling pressure in the market. Such a rise is often viewed as a signal of impending significant price fluctuations.

     

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    Dimitar Dzhondzhorov

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  • Ripple (XRP) Price Prediction and Outlook for This Week

    Ripple (XRP) Price Prediction and Outlook for This Week

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    XRP performed well this week and closed with a 11% price increase.

    Key Support levels: $0.54

    Key Resistance levels: $0.68

    1. Price Moves Higher

    After firmly securing the 54 cents level as support, XRP rushed higher and almost reached 60 cents before a pull back followed. Buy momentum remains strong and could see the price move higher in the coming week.

    Chart by TradingView

    2. Buyers Dominate

    In the past week, buy volume exceeded any sell pressure in five out of seven days. This translated in a higher price and increased demand for this cryptocurrency. The current resistance around 60 cents will not be able to stop this buy pressure if it continues.

    XRPUSDT_2024-09-15_15-16-42
    Chart by TradingView

    3. Daily MACD Bullish Cross

    XRP also made a bullish cross on Friday which turned the momentum around. Buyers are controlling the price action right now and this pull back could be short lived. If the 60 cents resistance falls, look for 68 cents as the next target for this rally.

    XRPUSDT_2024-09-15_15-16-22
    Chart by TradingView
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    Duo Nine

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  • Ripple Price Analysis: What Are XRP’s Next Targets After Gaining 7% Daily?

    Ripple Price Analysis: What Are XRP’s Next Targets After Gaining 7% Daily?

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    Ripple’s price demonstrates a willingness to rally higher on both the USDT and BTC pair.

    Yet, there are still some significant levels the market should overcome.

    By TradingRage

    The USDT Paired Chart

    On the USDT pair’s daily timeframe, the price broke above the 200-day moving average (located around the $0.55 mark) yesterday, following a swift rebound from the $0.5 level. Yet, the $0.6 resistance zone prevents the market from rallying higher.

    Meanwhile, the RSI has risen above the 50% threshold, indicating a bullish market momentum shift. As a result, if the price keeps above the 200-day moving average, a rally above $0.6 could be expected in the short term.

    The BTC Paired Chart

    On the BTC paired chart, things seem quite similar, with the market rising above the 200-day moving average, currently located around the 850 SAT mark. The price action has been bullish recently, with the key 800 SAT level broken to the upside.

    Therefore, the price will likely rise toward the 1200 SAT area in the coming weeks, as XRP looks set on beginning a bullish trend against BTC.

    The post Ripple Price Analysis: What Are XRP’s Next Targets After Gaining 7% Daily? appeared first on CryptoPotato.

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  • Ripple (XRP) Price Outlook: Can Bulls Defend $0.6 or is a Crash Coming?

    Ripple (XRP) Price Outlook: Can Bulls Defend $0.6 or is a Crash Coming?

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    The XRP rally appears to be taking a pause. Will bears return?

    Key Support levels: $0.54

    Key Resistance levels: $0.68

    1. Rally on Hold

    In the past few days, XRP failed to make a higher high which could give an opportunity for sellers to return. At the time of this post, buyers still managed to hold the price around 60 cents. If they lose this key level, then a deeper pull back could follow.

    Chart by TradingView

    2. Volume Continues to Fall

    The volume continued to fall compared to our last update. This is an early bearish indicator. If nothing changes, then sellers are likely to push XRP closer to the most important support which is found at 54 cents.

    XRPUSDT_2024-07-25_13-03-28
    Chart by TradingView

    3. Weekly MACD Remains Bullish

    While the intra-day volatility continues to be high, the weekly timeframe gives a clear bullish bias. Even if XRP falls to the key support again, buyers are likely to return there.

    XRPUSDT_2024-07-25_13-03-02
    Chart by TradingView
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    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.

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  • XRP Bulls Attempt to Reclaim $0.5 But is a Serious Crash Imminent? (Ripple Price Analysis)

    XRP Bulls Attempt to Reclaim $0.5 But is a Serious Crash Imminent? (Ripple Price Analysis)

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    Ripple’s price has been consolidating for a couple of months, failing to reach its all-time high, unlike Bitcoin. Things might get even worse if the next critical level is lost.

    By TradingRage

    The USDT Paired Chart

    On the XRP/USDT’s daily timeframe, the price has been trapped between the $0.5 and $0.55 mark since mid-April. Recently, the market has dropped below $0.5, but it is trying to reclaim the level now. If successful, a rally toward the 200-day moving average located around the $0.55 mark would be expected.

    On the other hand, if the price is rejected, a decline toward $0.4 would be imminent. Moreover, if the $0.4 level is broken to the downside, things will likely get ugly for XRP, as a crash would be highly probable.

    Source: TradingView

    The BTC Paired Chart

    The XRP/BTC pair looks the same, as the market is also consolidating between the 600 SAT and 800 SAT levels.

    Meanwhile, the RSI has broken above 50%, indicating that the momentum is bullish again.

    If the price can break above the 800 SAT resistance level, a further rise toward the 200-day moving average located around the 1000 SAT mark would be likely in the short term. On the contrary, a drop below the 600 SAT could lead to catastrophic consequences.

    xrp_price_chart_1806242
    Source: TradingView
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    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.

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  • Ripple’s XRP Ledger Achieves Record 80 TPS Amid Q1 Inscription Frenzy Without Issues

    Ripple’s XRP Ledger Achieves Record 80 TPS Amid Q1 Inscription Frenzy Without Issues

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    With the broader market recovery this year, the network activity XRP Ledger (XRPL) also surged across nearly all metrics, with active addresses and transactions increasing by 37% and 113% quarter-over-quarter (QoQ), respectively, according to Messari’s latest report.

    A significant portion of this activity stemmed from a concentrated group of approximately 45,000 accounts, which collectively sent over 30 million transactions to a single one, primarily for inscription-related activities.

    Inscriptions Boost XRPL Network Activity

    Inscriptions, a transaction type that gained popularity on Bitcoin in early 2023, have since spread to other major networks, including XRPL, often causing significant activity spikes.

    Despite the high transaction volumes, XRPL demonstrated resilience, handling over 80 transactions per second for an entire day without network issues, as per Messari. The total number of accounts rose by 150,000, a 3.1% increase to 5.15 million.

    Although new addresses decreased by 12.4% QoQ to 183,000 due to a surge in Q4 when inscription activity began, there was a 29.8% annual increase from Q1 2023 to Q1 2024. Additionally, deleted addresses increased by 55.9% QoQ to 33,000 as inscription activity slowed.

    The overall increase in active addresses, particularly the 92% QoQ rise in unique senders, highlighted the impact of inscription activities, with unique senders surpassing unique receivers for the first time since Q1 2022.

    DeFi, Stablecoins on XRPL

    The total market cap of fungible tokens, referred to as Issued Currencies, fell by 16% QoQ to $142 million. Among the over 3,300 assets listed on the XRPL, Sologenic (SOLO) was the leading token, making up 42% of the total market cap. The top three tokens together collectively represented 65% of the total market cap.

    Meanwhile, stablecoins and wrapped tokens are notably popular on XRPL when measured by the number of holders, in comparison to other tokens. Gatehub and Xumm have collaborated to provide 14 digital assets on XRPL.

    So far, stablecoins on XRPL have not reached the adoption levels of major ones on other networks, like Tether’s USDT or Circle’s USDC. This might, however, change with Ripple’s recent announcement to launch a USD-pegged stablecoin on both the XRPL and Ethereum, leveraging XRPL native functionality and ERC-20 token standards, respectively.

    The stablecoin will be fully backed by US dollar deposits, short-term US. treasuries, and other cash equivalents, with monthly third-party attestations. This initiative could potentially trigger a significant liquidity event.

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  • Calm Before the Storm: XRP Primed for Massive Volatility if $0.5 Holds (Ripple Price Analysis)

    Calm Before the Storm: XRP Primed for Massive Volatility if $0.5 Holds (Ripple Price Analysis)

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    Ripple’s price has been consolidating over the last few weeks, failing to continue its recovery. Yet, there is still the probability for the market to rise higher.

    Technical Analysis

    By TradingRage

    The USDT Paired Chart

    On the USDT paired chart, the price has recently rebounded from the $0.4 support zone and climbed above the $0.5 level. Yet, the 200-day moving average, located around the $0.6 mark, is still intact.

    The price is currently dropping toward the $0.5 level once more. If the level holds, XRP might rally toward the 200-day moving average. However, with the RSI showing values below 50%, market momentum is still in favor of a bearish move.

    Source: TradingView

    The BTC Paired Chart

    Looking at the chart against Bitcoin, it is evident that the market’s downtrend has finally come to a halt, with the 800 SAT level preventing the price from dropping lower. Meanwhile, the Relative Strength Index has been oscillating around the 50% level, indicating that the market is in equilibrium.

    If the 800 SAT area holds, investors can be optimistic that the XRP price can climb toward the 1200 SAT resistance level and the 200-day moving average located around the same mark. Yet, while the cryptocurrency remains below the 200-day moving average, the market’s trend cannot be considered bullish.

    xrp_price_analysis_chart_0905242
    Source: TradingView
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    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.

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  • Ripple Price Predictions Amid the Crash: Where’s XRP Headed?

    Ripple Price Predictions Amid the Crash: Where’s XRP Headed?

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    TL;DR

    • Ripple’s XRP dropped by 20% following a market downturn, yet some analysts see this as a buying opportunity.
    • Several other optimistic predictions indicate a bullish outlook for the asset, with potential significant appreciation in its value expected soon.

    ‘XRP Dips For Buying, Not For Crying’

    The cryptocurrency sector experienced a substantial correction on April 14, with its global market capitalization plunging to approximately $2.4 trillion. CryptoPotato reported that the adverse trend resulted in multi-million liquidations, mainly affecting long traders. 

    Ripple’s XRP is among the notable losers in the past week, nosediving by 20% to around $0.48 (per CoinGecko’s data).

     

    xrp_price_prediction_chart_1402241
    Source: CoinGecko

    However, some analysts remain unfazed, viewing this as a buy-the-dip opportunity. One example is the X user EGRAG CRYPTO, who claimed that “XRP dips for buying, not for crying.”

    Several hours before the market decline took place, the analyst argued that Ripple’s native token “finds itself in a unique position, caught between bullish sentiment and bearish pressure.” EGRAG CRYPTO believes the asset has been in a consolidation phase since August 2023, describing it as “a healthy formation.” 

    “Stay steady, XRP is poised to ignite like a rocket,” the analyst concluded.

    The Previous Forecasts

    EGRAG CRYPTO chipped in again earlier this week, suggesting that XRP’s price trajectory has formed a so-called “three camel humps.” In their view, breaking above the major resistance zone of $0.75 may lead to a “bullish momentum” and an eventual rise to the range of $1-$1.30.

    Dark Defender was optimistic, too, maintaining that XRP reached a “bouncing point” and forecasting that it “will definitely appreciate against BTC very soon.”

    The most bullish predictions came from the X user Mikybull Crypto and the YouTube content creator, using the handle D.I.Y Investing. The former argued that XRP is gearing up for a rally toward $4, while the latter thinks the token’s price is ready to skyrocket to a new all-time high.

    Those willing to explore some essential signs hinting that the asset is on the verge of an explosive rally this year, feel free to check our dedicated video below:

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  • Big News for XRP Ledger: is an XRP Bull Run Coming?

    Big News for XRP Ledger: is an XRP Bull Run Coming?

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    The decentralized finance ecosystem in XRP, managed by its decentralized network XRP Ledger (XRPL), has progressed after adopting the automated market maker(AMM) functionality.

    Per a post on X (formerly Twitter) by XRPScan, the first AMM liquidity pools were created just a few minutes after the AMM features went live. Some pools now hold hundreds of millions of tokens, supporting pairs such as XRP/USD and XRP/BTC.

    Automated Market Makers (AMMs) rely on mathematical algorithms to quote cryptocurrency prices and facilitate trades for users through liquidity pols. This approach enables anyone to participate as a liquidity provider to receive trading rewards, and users get instant liquidity through the pools above.

    Bringing DeFi Enhancements to XRPL

    Ripple Labs announced that the XRP Ledger intended to add an AMM engine into its network. After a year of extensive research and development, the feature is finally live.

    Adding the AMM engine to XRPL facilitates token swapping and liquidity sourcing, making it more accessible to users and benefiting decentralized applications (dApps), especially decentralized exchanges (DEX).

    Moreover, the feature is poised to facilitate the creation of bridges, fostering innovation within the XRP ecosystem and enabling seamless interaction with other blockchain networks.

    This means that as more decentralized applications come to XRPL, XRP could see a boost in price as more users trade the token or pay transaction fees. Moreover, more protocols would begin using the token to reward network validators for their tasks.

    Meanwhile, XRP’s price has decreased by 3% on the weekly scale, settling at $0.61, as per data from CoinMarketCap. It could be said that this is a result of the overall market downturn, with Bitcoin (BTC) and Ethereum (ETH) falling off to $64K and $3.3K, a weekly decrease of 7% and 10% drop, respectively.However, analysts foresee a new bull run for XRP in the near future, with XRP hitting multi-year highs.

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  • Ripple Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap March 18

    Ripple Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap March 18

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    TL;DR

    • Bitcoin hit a new all-time high of over $73,500 but dropped to $65,000, now recovering to over $68,600. Upcoming FOMC meeting and BTC halving could drive another price surge.
    • Shiba Inu (SHIB) saw a decline but performed better than BTC, with a significant price increase.
    • XRP remains stable between $0.60-$0.63, with predictions of a significant upcoming rally influenced by technical analyses and market trends.

    How’s BTC Doing?

    The price of the primary cryptocurrency reached a fresh all-time high of over $73,500 on March 14, following an impressive performance since the end of February. However, it could not keep the momentum, and its valuation plunged significantly over the weekend to as low as $65,000 (per CoinGecko’s data).

    BTC has recovered some of its losses and is currently trading at more than $68,600. Meanwhile, some upcoming events could ignite another rally for the asset. One example is the Federal Open Market Committee (FOMC) meeting scheduled for March 20. 

    America’s central bank previously promised to start reducing the interest rates, and we are yet to see whether the pivot will begin this week. Lowering the benchmark could allow more individuals and entities to deal with risk-on assets by securing outside funding, resulting in a surging price for Bitcoin. A survey conducted in 2022 estimated that 21% of the participants have taken loans to invest in crypto.

    Another factor worth observing is the BTC halving, which will take place next month. The event occurs roughly every four years and cuts in half the rewards distributed to miners for validating new blocks on the Bitcoin blockchain, thus reducing the rate at which new coins are produced. 

    It is a key part of BTC’s anti-inflationary feature that will make the asset scarcer and potentially more valuable in time. Those willing to learn more about it, feel free to check our video below:

    SHIB is Well in the Green

    The popular meme coin – Shiba Inu (SHIB) – also nosedived over the weekend but recorded more impressive comeback that BTC. As of the moment, the self-proclaimed Dogecoin-killer trades at approximately $0.00002876, an 13% increase on a 24-hour scale. Meanwhile, it remains one of the best performers in the past month, with its price skyrocketing by 200% for that period.

    Numerous analysts think SHIB is about to experience another substantial uptick in the near future. The X user JAVON MARKS noted the “massive strength” shown by the token as of late, predicting a nearly 150% rally in the event of overcoming a vital resistance level.

    “A break and hold above $0.000081 may only open up room for another +90% upside to $0.0001553,” the analyst concluded.

    Elements like the burning mechanism and the further advancement of Shibarium can also trigger a price ascent. Earlier this month, the burn rate exploded to a whopping 30,000% at one point, while today, it spiked by over 2,000%.

    For its part, total transactions on the layer-2 scaling solution Shibarium exceeded the 400 million mark, with wallet addresses inching toward 4 million.

    XRP Forecasts

    Ripple’s XRP has consolidated at the $0.60-$0.63 zone in the last week, but experts remain optimistic that a significant rally will be just behind the corner. 

    The X user EGRAG CRYPTO envisioned a bright future for the token and “life-changing, double-digit price targets.” They claimed XRP is currently in a so-called “bouncy-bounce” range, meaning the bull’s actions can greatly affect the valuation.

    EGRAG CRYPTO claimed that a breakout above the so-called “Fib 0.382 level” might result in a price rally to almost $1 in April. 

    Dark Defender also chipped in, doubling down on their previous stance that XRP is poised for a jump toward $1.88 and an all-time high of $5.85.

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  • Shiba Inu (SHIB) Outperforms Ripple (XRP), Solana (SOL), and Cardano (ADA) in This Important Metric: Details

    Shiba Inu (SHIB) Outperforms Ripple (XRP), Solana (SOL), and Cardano (ADA) in This Important Metric: Details

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    TL;DR

    • Shiba Inu sees significant gains for another consecutive day.
    • The token flipped some of the leading alternative coins in terms of transaction volume.

    The rally of Shiba Inu (SHIB), witnessed in the past few days, seems to be going strong. The asset’s price is well in the green today (March 4), surging by 30% in the last 24 hours and 180% on a weekly scale.

    In addition, SHIB’s market capitalization exceeded $16 billion for the first time in two years, making it the 12th biggest cryptocurrency.

    The impressive performance surrounding the second-largest meme coin does not end here. According to CoinGecko’s data, SHIB’s daily trading volume has reached $5.4 billion at the time of this writing, thus surpassing some leading altcoins. 

    Solana’s SOL has experienced a trading volume of around $3.2 billion for the same period, Ripple’s XRP has accounted for $2.1 billion, while Cardano (ADA) lags with $1.2 billion.

    Shiba Inu’s gains coincide with the spike of numerous indicators related to its ecosystem. As CryptoPotato reported, the asset’s burning rate exploded by 30,000% at the end of last week, while total transactions on Shibarium near the 400 million mark.

    The latter is a layer-2 scaling solution designed to elevate SHIB above its rivals by lowering transaction fees and improving speed. More information about the network could be found in the video below:

    The overall market revival and the frenzy surrounding the meme coin sector signal that SHIB might be on the verge of a further price explosion.

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