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The market Capitalization of the XRP token has raised by 23% within the last 24 hours. In a recent X post, the platform highlighted that this sharp rise indicates that investors feel more comfortable with cryptocurrency and its potential, which has only been steadily growing and setting records recently. Santiments analysis shows that addresses holding […]
In a significant legal victory for Ripple Labs, Judge Analisa Torres recently ruled in favor of the company in its prolonged legal battle against the US Securities and Exchange Commission (SEC), ordering a payment of $125 million to the regulator. The ruling also clarified that XRP, the cryptocurrency at the center of the case, is [...]
The post Analyst Mega Bullish On XRP, Foresees Potential ETF And Price Range Between $16-$20 appeared first on Crypto Breaking News.
In just one hour, the XRP price rallied 27% to a one-week high of $0.6406 on Wednesday after Judge Analisa Torres ordered Ripple Labs to pay only $125 million of the $2 billion fine sought by the US Securities and Exchange Commission (SEC) against the blockchain payments company after a four-year legal battle. Ripple’s Legal Victory In the ruling, the court, applying a test derived from the Supreme Court, determined that Ripple’s Institutional Sales constituted offers or sales of investment contracts. However, the Court differentiated Ripple’s Programmatic Sales and Other Distributions, finding that they did not fall into this category. Additionally, the Court clarified that the individual sales conducted by Ripple co-founders Chris Larsen and Brad Garlinghouse did not qualify as offers or sales of investment contracts for reasons akin to those outlined for Ripple’s Programmatic Sales. Related Reading: Bitcoin Funding Rates Turn Negative: Shorts Turn To Get Squeezed? When deliberating on the penalty, the Court concluded that a first-tier penalty was fitting in this instance, noting the absence of allegations related to fraud, deceit, or manipulation, along with the lack of established deliberate or reckless disregard for regulatory requirements. Moreover, the Court noted that the SEC had not proven that Ripple’s failure to register the Institutional Sales resulted in significant losses or risks to investors. Consequently, the SEC’s motion for remedies and the entry of final judgment were partially granted and partially denied. The Court’s decision mandates an injunction against Ripple to prevent future securities law violations and imposes a civil penalty amounting exactly to $125,035,150. In this regard, Ripple CEO Brad Garlinghouse stated that the court reduced the $2 billion penalty sought by the SEC by 94%, recognizing that the SEC had “overplayed their hand”. Garlinghouse further stated, This is a victory for Ripple, the industry and the rule of law. The SECs headwinds against the whole of the XRP community are gone. XRP Price Predictions Point To Mega Bull Run With XRP not considered a security by the court, the tokens price saw one of its best rallies of the year in a matter of hours, surpassing Monday’s pre-market crash price resulting from global economic uncertainty. Related Reading: Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again? Further demonstrating the bullishness of this development, crypto analyst CrediBULL contends that now that Ripple secured this win, the stage is now set for an inevitable mega run for the XRP price. Another analyst under the pseudonym “360 Trader” on social media platform X, also claimed that now the XRP’s “chains are off,” arguing that the XRP price will fly this cycle with a target ranging between $4 and $8. Featured image from DALL-E, chart from TradingView.com
XRP price is mirroring a 2021 bullish chart fractal that preceded a 500% rebound.
In a significant development, two of the top 10 cryptocurrencies on the market, Binance Coin (BNB) and XRP, have emerged as the outperformers this Monday, overshadowing the gains of industry leaders Bitcoin (BTC) and Ethereum (ETH). XRP Price Analysis XRP, the token associated with the blockchain company Ripple, has taken the lead among the top [...]
The post Mondays Crypto Leaderboard: BNB And XRP Surge Past Market Leaders appeared first on Crypto Breaking News.
Famous crypto analyst Cryptorphic provided a technical analysis of XRP based on price changes over the past 3-days. In a recent X post, the analyst highlighted that XRP has been dealing with major resistance points and could rise if some factors are met. The analyst also covers his previous analysis of XRP. The token met […]
Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018. The analysis paints a dark picture for XRP in the coming months, [...]
The post Crypto Analyst Predicts XRP Price Crash Fall To $0.07 Amid Triangle Breakdown appeared first on Crypto Breaking News.
Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018. The analysis paints a dark picture for XRP in the coming months, with a potential drop to as low as $0.07, contingent on certain technical events. Why The XRP Price Could Crash To $0.07 Elliott Wave Theory, which forms the basis of @Ripple_Effect11’s analysis, is a form of technical analysis that predicts future price movements by identifying recurring wave patterns linked to investor psychology. The theory posits that market movements primarily unfold in five ‘impulse’ waves followed by three ‘corrective’ waves. In the case of XRP, the analyst identifies that the cryptocurrency has been in a corrective phase since its peak in 2018, marked by an A-B-C correction pattern. Wave A saw a sharp decline as low as $0.105 in March 2020. Wave B experienced a partial retracement upwards to $1.96 in April 2021. Wave C, where XRP is currently, is typically the final leg and involves another downward move, often completing the corrective phase. Related Reading: XRP Holds Bullish 2014-2017 Pattern Unless This Happens: Analyst The analysis suggests that within this final Wave C, XRP is undergoing its sub-waves. Its currently in the third wave which traditionally is significant in terms of the depth and length of the price movement. Notably, the chart also shows a large triangle formation which has encapsulated the price action of XRP over several years. A triangle in technical analysis often represents a period of consolidation before the price breaks out decisively in one direction. According to @Ripple_Effect11, last week’s close below $0.42 confirmed a bearish breakout from this pattern and further supports the theory of a massive price crash. No one is talking about this MASSIVE XRP triangle breakdown. A weekly close below $0.42 is extremely bearish, he stated. Related Reading: Buy The Dip? XRP Whales Doing Exactly That Is A Price Rally Next? The analysts first target is at $0.33 where minor psychological support may exist. A second, more significant target at $0.18, which could represent a firmer historical support zone. The third target ranges between $0.12 and $0.14, possibly acting as interim support before more substantial selling. This price represents the end of the third wave. Amidst the fourth wave, the crypto analyst predicts that the XRP price could rebound above $0.18 before the final wave 5 pushes XRP even further down. The final target is between $0.07 and $0.08, translating into a more than 80% crash from the current price level. These targets are corroborated by technical indicators on the chart. The MACD is trending below its signal line, highlighting bearish momentum. The RSI is near 45, suggesting a lack of strong buying pressure and potential for further decline. Ripple Ruling Could Start The Trend Reversal Adding context to the technical analysis is the ongoing Ripple vs. SEC lawsuit, which the analyst notes is expected to conclude by July 2026. The outcome of the legal battle is anticipated to have significant implications for the XRP price. Smart money sees buy targets 3 and 4 as attractive before the big utility pump from 2026 to 2030. Ripple Vs SEC started in 2020. XRP was classified as NOT a security in 2023. Ripple wins the case and XRP pumps hard 2026. Will you be patient?, the crypto analyst concludes. At press time, XRP traded at $0.43448. Featured image from Shutterstock, chart form TradingView.com
Analyst Heikin Ashi on TradingView has proposed that XRP could be amid an explosive bull rally culminating in a 710X…
The post XRP On Monthly Timeframe Suggests Likely 700X Surge to $305 first appeared on The Crypto Basic.
In a tumultuous day for cryptocurrencies, the price of XRP plummeted to a low of $0.38249 on Bitstamp, reflecting a broader downtrend affecting the altcoin market. With a notable 12.4% decrease in the last 24 hours, XRP is facing crucial support. Despite this substantial decline, Dark Defender (@DefendDark), a noted crypto analyst on X, continues to uphold a bullish outlook on XRPs future prospects. XRP Price Needs To Hold $0.39 In his analysis of the 1-month XRP/USD chart, Dark Defender notes specific key levels and indicators. He points out that “XRP hit our last support level of $0.3917 after staying under $0.4623 for 3 consecutive candles.” This observation is crucial as it highlights the resilience of XRP at a significant support levelthe Point of Control (POC). Related Reading: XRP Stars Align: Indicators Point To Possible 7,500% Rally To $35 The POC, where Dark Defender indicates “Green Dotted Line – the price level where most trades took place since 2014,” stands at $0.3917. This level serves as a focal point for trader consensus on value, historically providing a strong foundation for the price. The recent touch of this level suggests a testing ground where bullish sentiments could potentially stabilize and reverse the downtrend. The chart by Dark Defender also includes Fibonacci retracement levels, which are pivotal in identifying potential support and resistance areas based on previous price movements. According to Dark Defender, the $0.4623 level, corresponding to the 38.20% Fibonacci retracement, poses a significant resistance. Should XRP rise above this threshold, it might pave the way for further gains towards higher Fibonacci levels such as $0.6649 and $1.8815, which correspond to 70.20% and 161.80% retracements, respectively. Dark Defender highlights the Relative Strength Index (RSI), stating, “XRP Daily & weekly RSI are at the bottom and oversold.” This indicates that the asset is potentially undervalued, and such conditions often precede a price recovery. He also compares the current monthly RSI levels to those seen during major market bottoms in March 2020 and November 2022, suggesting a possible repeat of the recovery patterns observed during those periods. Related Reading: 200 Million XRP Tokens On The Move, Where Are They Headed? The volume profile on the chart underscores the presence of substantial trading activity at and around the POC. This high volume at lower prices signals robust buying interest, which could cushion further drops and establish a strong support base. Overall, Dark Defender presents a case for a potential bullish reversal for XRP. His scrutiny of support levels, particularly the resilience at $0.3917, coupled with oversold RSI conditions and a historically significant trading volume at this price, paints a picture of possible upward momentum. As the market digests these levels, the ability to sustain above $0.3917 will be critical in determining its short-term price trajectory, potentially mirroring the recovery phases of 2014-2017. From March till Mai 2017, XRP rallied by more than 6,600% from below $0.006 to $0.40. If history repeats, the XRP price could be set for a massive rally. However, Dark Defender’s closing remark, “The 2014-2017 pattern is still identical unless the $0.3917 is not protected. I will keep you updated,” underscores the pivotal nature of this support level in the ongoing market dynamics. At press time, XRP traded at $0.41042. Featured image created with DALL·E, chart from TradingView.com
XRP, down 86% from its ATH, stabilizes with key support at $0.28 and resistance at $0.66, indicating a potential rebound.…
The post XRP Eyes Potential Rebound to $0.95 as Key Support and Resistance Levels Hold Firm first appeared on The Crypto Basic.
Crypto analyst Mikybull has recently revealed an appealing outline of XRP based on his expertise. In the recent X post, the analyst pointed out that there are many technical indications that XRP has features similar to those observed prior to the 2017 rally in cryptocurrency. Mikybull is more interested in comparing current chart patterns with […]
MichaelXBT, a market expert and Bitcoin OG investor identifies an unprecedented 7-year XRP bull flag on the quarterly chart and…
The post Expert Predicts Historic XRP Breakout, Says Hes Never Seen a 7-Year Bull Pennant first appeared on The Crypto Basic.
XRP is on the brink of a potential explosive move, as its Bollinger BandWidth and Aroon indicators show historically accurate…
The post XRP Bollinger BandWidth Hits Historic Low, Predicting a 33,448% Rally: Here is New Price Prediction first appeared on The Crypto Basic.
The XRP price has staged an impressive rally in recent days, but this came to an abrupt end yesterday. After rising to as high as $0.6378, it plummeted by more than 11% temporarily. Nevertheless, the popular crypto analyst Dark Defender (@DefendDark) remains bullish in the short-term, even if the dip could widen further in the short term. XRP Price Could Eclipse The $1 Mark Again According to him, the XRP price is in a promising short-term uptrend towards the $1.03 mark. This analysis is based on the 4-hour timeframe and shows a complex interplay of market dynamics and technical patterns that suggest a bullish outlook for the cryptocurrency. The chart shared by Dark Defender shows XRP’s significant rally, marked by a 67.56% increase from a low of $0.3814 to a recent high of $0.6378. The forecast uses Elliott Wave Theory and Fibonacci retracement levels to predict the price target. Both technical analysis tools are often used to predict potential price levels based on past market behavior. Elliott Wave Theory, which forms a central component of Dark Defender’s analysis, posits that market prices unfold in specific patterns, called waves, that are repetitive in nature. According to this theory, a typical cycle includes eight wavesfive in the direction of the prevailing trend followed by three corrective waves, which Dark Defender identifies on the XRP chart. Related Reading: XRP Surges 39% As Sharks & Whales Push Supply Share Past 85% The impulse sequence observed in XRP’s recent uptrend consists of five upward waves labeled (1) through (5). This sequence shows a strong bullish move from the local low to yesterdays high. Each wave peaked higher than the last, reflecting increasing optimism among investors. Following the impulse, the chart delineates an ABC corrective pattern, which is characteristic of a temporary reversal in price following the rapid gains of the impulse waves. Wave A signifies the initial drop from the peak, wave B reflects a partial retracement upwards, and wave C, which is anticipated but not yet completed, typically falls below the end of wave A, indicating a further potential decrease in price. Dark Defender’s chart marks the beginning of this corrective phase, suggesting that wave C could bring the price down to around $0.499 before the market resumes its upward trajectory. The ABC wave can take 2 days to complete & can extend to $0.499, the crypto analyst noted. Related Reading: Pro-XRP Lawyer Debunks Ripple-SEC Settlement Rumor For Tomorrow To complement the Elliott Wave analysis, Dark Defender employs Fibonacci retracement levels, which are drawn between the recent low and high points on the chart to predict potential support and resistance levels. Notably, a 261.8% extension level at $0.5891 is highlighted as an interim resistance point. Further extensions, like a 161.8% level at $0.8763, serve to identify additional barriers the price might test if the bullish momentum continues. However, Dark Defender’s short-term price target is significantly higher. According to him, XRP could revisit the $1 mark, which was narrowly missed after the summary judgment in the Ripple vs. SEC case in mid-July last year. Minor resistance at $0.87 before $1.03. I’ll make sure to keep you posted, the analyst wrote. Moreover, the chart features an Ichimoku Cloud, indicating that the current price is above the cloud, which is traditionally interpreted as a bullish signal. This suggests that despite the expected corrective dip, the overall market conditions favor a bullish outlook in the short-term. At press time, XRP traded at $0.58. Featured image created with DALL·E, chart from TradingView.com
XRP, at the center of a high-stakes legal battle with significant implications for the industry, has taken the lead in the recent surge in crypto prices amid growing speculation that Ripple, the blockchain payments company behind XRP, may be close to a settlement with US regulators. Ripple-SEC Legal Dispute Continues Over the past week, XRP has experienced a substantial rally of over 40%, reaching a current trading price of $0.6161. This marks the highest level XRP has reached since April, while the overall market has seen a more modest increase of around 12% during the same period. The legal dispute stems from a lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple Labs in 2020. The SEC alleged that Ripple violated its rules by conducting an unregistered securities offering through the sale of XRP. In a blow to the SEC, a US District Judge ruled in July last year that the sale of XRP to retail investors on exchanges did not constitute investment contracts. Related Reading: Silicon Valley Using Trump For A Bitcoin Pump Play? Mark Cuban Weighs In Adding fuel to the speculation is a “closed meeting” on the SEC’s website scheduled for July 18.. Although an SEC spokesperson declined to comment, investors and traders interpret this as a potential development in the status of XRP. However, former SEC lawyer Marc Fagel dismissed rumors of an imminent settlement between the SEC and Ripple, stating that closed-door meetings of this nature have been routine since the lawsuit was filed. Pro-XRP lawyer Fred Rispoli also weighed in, expressing skepticism about the likelihood of a pre-judgment settlement. While negotiations on outstanding arguments are possible, Rispoli added that a resolution before the court’s ruling seems unlikely. Rispoli speculates that Judge Analisa Torres will order a penalty of less than $25 million and no disgorgement against Ripple, contrasting with the SEC’s request for a $102.6 million fine. Ripple, on the other hand, has proposed a penalty of $10 million. XRP Price Breakout, Analyst Anticipates Tremendous Gains With the XRP price hitting a 4-month high after a sharp downtrend, crypto analyst Dark Defender has stated that the token could be on its way to explosive gains if one key level is breached during the current rally. In a social media post, Dark Defender highlighted that XRP has entered the qualification mode by rebounding from the last frontier at $0.3917. According to Dark Defender, if XRP manages to rise above $0.6649, it could embark on a journey towards the $18 to $36 price range, meaning a 2810% jump to the former and a potential 5740% rise to the latter. Related Reading: $174 In Sight: Analyst Projects Major Surge For Solana (SOL) In addition, the token has crossed its 200-day exponential moving average (EMA), marked by the yellow line on the daily XRP/USD chart, which was previously a notable resistance wall. If consolidation above its 200-day EMA occurs, further price appreciation could be seen as trading above it has always resulted in notable gains for the XRP price, as seen in the chart below. Featured image from DALL-E, chart from TradingView.com
XRP rises 35% in two weeks as multiple technical indicators, including the SRSI, RSI, and MACD indicators turn positive. XRP…
The post Three Crucial XRP Technical Indicators Turn Positive as XRP Rises 35% first appeared on The Crypto Basic.
Crypto analyst Dark Defender has shared an extremely bullish technical analysis on XRP via X, suggesting a bullish reversal and the possibility of “God Candles.” The analysis uses a variety of technical indicators and chart patterns to project an optimistic outlook for XRP. XRP Price Poised For God Candles? The core of Dark Defender’s (@DefendDark) analysis is focused at two indicators which suggest a change of trend. The first one is the breakout above a descending trendline. This move is critical as it means that XRP eliminated its first key resistance and suggests a potential reversal from the downward trend which started in mid-March. It is particularly noteworthy as it indicates a shift in market sentiment from bearish to bullish. Supporting this trend reversal is the Fisher Transform indicator, which is crucial for identifying major price reversals. The Fisher Transform uses price data to produce a Gaussian normal distribution to signal potential changes in market direction. Related Reading: XRP Resilience Sparks Further Gains As Price Surpasses $0.466 Level On the weekly chart, a ‘Golden Cross’ is visible where the faster line of the Fisher Transform crosses above the slower line, typically a bullish signal in market analysis. This event is essential as it provides confirmation of the trend reversal signaled by the breakout from the descending trendline. Ladies & gentlemen, XRP had the highly bullish Reversal approval for the Fisher Indicator weekly. Initial resistance instantly broke at $0.4623! the crypto analyst remarked. However, it’s important to note that the digital asset is still navigating below the Ichimoku Cloud, indicating that resistance still lies ahead. The Ichimoku Cloud is a comprehensive indicator that provides insight into the momentum and future areas of support and resistance. Related Reading: XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership While the breakout from the descending trendline and the bullish Fisher Transform signal are promising, the price remaining below the Cloud suggests that XRP has yet to clear all hurdles and establish a stronger bullish presence. Additionally, the chart also details several key Fibonacci levels that are critical for understanding the next potential resistance and support zones. After breaking the initial resistance at $0.4623, XRP is currently testing the interim Fibonacci level at $0.5286. Dark Defender emphasizes the significance of the price closing above this level to sustain the bullish momentum: Our interim Fibonacci Level, $0.5286, is being tested. It would be great to close this week’s candle above $0.53. Notably, the XRP price didn’t manage to close the week above this price. Despite that, XRP is currently continuing the upward trend, trading above $0.53 today. The next resistance point to level is at $0.6044. Surpassing this level could lead to the creation of multiple “God Candles,” suggesting a rapid and sustained increase in price. Dark Defender remarked, Next week, we will test the secondary mid-level resistance of $0.6044. It’s crucial not to underestimate the master fundamental level for XRP, which is $0.6649. Above it, we can expect multiple God Candles, which will open the path to Heaven’s Stairway. At press time, XRP traded at $0.53494. Featured image created with DALL·E, chart from TradingView.com
Popular crypto analyst Egrag Crypto has recently posted a bullish outlook on the XRP token. In a recent X post, Egrag pointed out that for XRP, it is necessary to break through the $0.50c mark and the 99-day moving average (99MA) to prepare for a major upswing. He explained that XRP is a hungry monster […]
A notable market analyst insists XRP is a scam, but acknowledges its potential to record impressive growth, urging investors to…
The post Expert Says Though XRP is a Scam, Its Price is Reaching an Area of Interest first appeared on The Crypto Basic.
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