BREAKING: XRP Price Rallies 27% As Ripple Secures Major Win In SEC Lawsuit

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

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XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership

The XRP price has outperformed its peers among the top ten largest cryptocurrencies on the market, experiencing a significant surge of 13.5% in the past week alone after experiencing a sustained decline from its yearly high of $0.745 in March.  With an eye on a key Fibonacci level, the eighth largest cryptocurrency by market capitalization, currently valued at $26 billion, is poised for a potential price explosion that could send the XRP price to new yearly highs, coupled with a bullish announcement surrounding the token’s rise since Thursday.  XRP Becomes Bridge Asset In $1.2 Trillion Market CoinGecko data shows a notable increase of 50% in trading volume over the past few days, demonstrating the renewed bullish sentiment surrounding the XRP price, along with a significant collaboration announcement with the world’s largest derivatives marketplace, CME Group, which has further strengthened XRP’s position in the market. Related Reading: Litecoin Is A Hub Of Whales: Over $2.85 Billion Of $100,000 Transactions Processed On Thursday, CME Group made a major announcement, revealing that starting July 29, the CME and XRP dollar reference rates and real-time indices will be included in its suite of benchmarks, positioning the token as a bridge asset in a market worth approximately $1.2 trillion. The XRP price has benefited from this announcement, as transparent pricing information is likely to increase liquidity, making it easier for investors to buy and sell XRP tokens, resulting in the current price surge of 4% witnessed in the 24-hour time frame.  Additionally, this collaboration may open new doors for creating financial products, such as futures and options based on XRP, providing holders with additional ways to manage risks and maximize their investments. Brad Garlinghouse, CEO of blockchain payments company Ripple, which is closely associated with XRP, expressed his enthusiasm for the collaboration, emphasizing the importance of having a trusted benchmark reference rate as a critical step in adopting institutional crypto products.  Garlinghouse praised the joint effort between CME Group and CFBenchmarks to create an XRP index, noting that the market has validated the need for such initiatives. Ripples CEO stated: First step towards institutional crypto products is to have a trusted benchmark reference rate. Nice to see CME Group and CF Benchmarks collaborate on this for an XRP index. The market has spoken. XRP Price Eyes $1.8  In addition to the news, technical analysis points to further upside for the XRP price if certain conditions are met. Crypto analyst Dark Defender recently noted in a social media post that XRP is testing the $0.462 Fibonacci level, which is key to the token’s prospects and expectations for the continuation of the uptrend. The analyst also spotted two bullish divergences in the price and the Relative Strength Index (RSI) numbers as they made higher lows on the weekly XRP/USD chart. This led Dark Defender to believe that if the XRP price breaks and consolidates above this level from today until Sunday, the cryptocurrency could begin a journey towards the $1.88 level, representing a 288% price increase from the current trading level of $0.465.  Related Reading: Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH Featured image from DALL-E, chart from TradingView.com

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XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4

XRP has shown notable signs of renewed bullish momentum in the market. It bounced back from a significant 11% price drop on April 12th, which took the token to its lowest level of the year at $0.4230.  However, last week saw a solid 12% price recovery, with XRP outperforming the other top 10 altcoins in the market, behind only Solana (SOL) and Binance Coin (BNB).  Signs Of A Strong Bullish Trend Ahead For XRP?  On Tuesday, XRP hit a high of $0.5571, demonstrating its bullishness and outperforming its peers. This resurgence was paired with a spike in wallet activity, a positive sign for the token’s overall market sentiment.  According to the network intelligence platform Santiment, the number of wallets holding at least 1 million XRP has steadily increased over the past six weeks, rising by 3.1%. It is now just one wallet away from reaching an all-time high (ATH). Related Reading: Standard Chartered Reaffirms $150,000 Bitcoin Price Target By Year-End In addition, crypto analyst Ali Martinez reported a notable buying spree among XRP whales, who purchased over 31 million tokens in the past week alone. This has contributed to the cryptocurrency’s price recovery, emphasizing renewed confidence in its uptrend prospects. Regarding price action, market analyst Egrag Crypto points out that XRP has formed a double bottom pattern, considered a strong bullish signal. This pattern, combined with the transition of the consolidation zone into a supply zone and the wicking area into a demand and accumulation zone, indicates a promising outlook for the token, according to the analyst.  Egrag Crypto is confident that a significant price spike or “thrust” is imminent, and the analyst has updated his target to $1.4 for XRP.  Critical Resistance Levels To Watch  Despite initial bullish outlooks for XRP, the token has retraced to the $0.5474 price level as of the time of writing, accompanied by a 14% decrease in market capitalization over the past 30 days. Moreover, as XRP aims to reach higher levels, potential resistance barriers may impede the token’s recovery and the bullish trend. Analyzing the XRP/USD chart below reveals the immediate resistance at $0.5644, which has prevented consolidation above current levels for the past week. Related Reading: The Cardano $1 Dream: Is A Price Explosion Coming Or Just Deja Vu? After that, the final obstacle before a retest of the $0.600 zone lies at the $0.5884 level. This level previously served as a support floor for the token, leading to a rebound during the uptrend seen in March, which took XRP to its yearly high of $0.745. Conversely, monitoring the support levels at $0.52910, $0.5184, and $0.5044 is crucial. If a bearish scenario develops in the coming days, these levels may prevent XRP from falling below $0.500. Featured image from Shutterstock, chart from TradingView.com

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XRP At Critical Juncture As Price Restests 21 EMA Details

The XRP market experienced a downbeat end to January translating into a 7.05% loss over the past seven days. In regards to future price movements, popular analyst Egrag Crypto states the altcoin is currently at a key crossroads with an equal chance to move in either a positive or negative direction. Related Reading: Dogecoin Whales Go Ham As They Buy 560 Million DOGE In One Week  XRP Set For Price Breakout, But How High Can It Go? In an X post on February 1, Egrag Crypto explains that XRP’s recent slump has resulted in the asset retesting two crucial levels namely the 21 EMA and and the lowest boundary of a symmetric triangle. The exponential moving average (EMA) is a technical indicator that smoothens out price data over a period of days (i.e. 21 in this case) while giving more weight to recent prices. It is commonly used in trend confirmation with a price dip below the EMA line indicating a bearish trend and vice versa for a bullish trend. On the other hand, a symmetric triangle formed by price movement signals a period of consolidation before a decisive price breakout. With the price of XRP simultaneously hovering near the 21 EMA line and the lower boundary of the symmetric triangle around $2.93, the altcoin presents a rather delicate situation to traders and investors alike. According to Egrag Crypto, further declines for XRP are possible. However, prices are unlikely to fall below $2.83 ( the ascending purple line) which has served as a strong support zone based on historical data. However, based on the sole analysis of the symmetrical triangle, a break below the lower boundary could force XRP to trade as low as $2.40. Alternatively, should XRP break above the upper boundary of the triangle, it could immediately rally to $4. Egrag Crypto warns that both breakout possibilities are equally weighted. Therefore, the XRP market is subject to high levels of volatility over the coming days. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart Breakout Target Set At $56 Whales Offload 70 Million XRP In 4 Days In other news, crypto expert Ali Martinez reports that XRP whales are currently on a selling spree having offloaded 70 million XRP, valued at $204.4 million, over the past day. High selling activity especially from whales is a bearish signal that signals uncertainty about the future profitability of an asset. Alternatively, certain long-term holders may be looking to take profit. However, XRP retail investors may expect more price drops in the short term, barring the introduction of significant buying pressure. At press time, XRP trades at $2.93 reflecting a 3.10% decline in the past day. Meanwhile, the asset trading volume is down by 12.60% and valued at $4.06 billion. Featured image from iStock, chart from Tradingview

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XRP Under The Microscope: Will It Break $2.9? Key Support Levels And Future Targets

XRP, the third-largest cryptocurrency by market capitalization, has recently outperformed the top ten cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This significant momentum comes as investor sentiment grows in anticipation of clearer regulatory frameworks in the United States, especially following Donald Trumps election.  In addition, Securities and Exchange Commission (SEC) Chairman Gary Gensler recently announced his departure effective January 20, which many believe could pave the way for increased adoption and institutional investment in XRP. This could be achieved through the XRP exchange-traded fund (ETF) market, which is being pursued by asset managers such as Canary Capital, Bitwise, WisdomThree, and 21Shares.  With the change in leadership at the agency, the odds of approval continue to rise, especially as the pro-crypto nominee to replace Gensler, Paul Atkins, is shaping up to lead the new era of regulation in the country.  Key Fibonacci Resistance Ahead For XRP Over the past thirty days, XRP has experienced a remarkable surge of 400%, culminating in a six-year high of $2.91 reached over the past weekend.  This surge has been further supported by a substantial increase in market capitalization, which has risen by $120 billion in the last three weeks, bringing XRP’s total market cap to approximately $140 billion. Related Reading: Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Heres Why Despite these encouraging trends, crypto analyst DarkDefender has emphasized the importance of monitoring specific price levels in the coming days. In a recent social media post on X (formerly Twitter), he detailed critical Fibonacci levels for XRP.  The analyst identified $2.92 as a significant Fibonacci resistance level, noting that XRP briefly reached $2.90 before experiencing a normal corrective phase.  DarkDefender highlighted the necessity of holding certain support levels, particularly $2.13 and $1.88, if XRP cannot break through the $2.92 resistance.  The analyst expects that the token could bounce between these levels for a “few days,” but if the token breaks above $2.92, it could target a new mid-range level of $3.99. This would mean a new all-time high for the token above its current record mark of $3.40, in the scenario that the token rises 59% as expected by DarkDefender. Trading Volume Surges Past Bitcoin And Ethereum Adding to the positive outlook, financial analyst Jacob King pointed out a historic milestone for XRP: during the current uptrend, XRP’s trading volume has surpassed the combined volumes of Bitcoin and Ethereum for the first time.  Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout Over the past 24 hours, XRPs trading volume reached an impressive $2.19 billion, significantly higher than Bitcoin’s $1.6 billion and Ethereum’s $531 million, underscoring the heightened interest from investors in the XRP token. At the time of writing, the markets third largest token trades at $2.50, recording a 7% correction in the 24 hour time frame. Featured image from DALL-E, chart from TradingView.com

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XRP Price Readies For Record-Breaking Peaks As Bollinger Bands Signal 490% Upswing

As the cryptocurrency market faces a significant price correctionled by Bitcoin (BTC) and Ethereum (ETH), which have retraced 2.2% and 4.6% respectivelythe XRP price shows early signs of a potential explosive surge. Currently trading at $2.21, the XRP price has recorded a nearly 5% gain in the past 24 hours, finding strong support just below [...]

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XRP Reaches 6-Year High Whales And STH Accumulate Together

XRP has soared to a remarkable $2.49, marking its highest market value since January 8, 2018. This impressive milestone follows an astounding 395% price surge since November 5, reflecting renewed investor enthusiasm and strong market momentum. The rapid rally has reignited discussions about XRPs potential as one of the standout performers in the crypto market. Related Reading: Dogecoin Ready To Hit $1 Price Struggles To Break Above Major Resistance Key data from blockchain analytics firm Santiment highlights a significant accumulation trend among large holders. In three weeks, wallets holding 1M-10M XRP have amassed 679.1 million tokensequivalent to $1.66 billion. This aggressive accumulation underscores increasing confidence in XRPs prospects, particularly as the broader market exhibits bullish sentiment. Analysts suggest the coming weeks could bring further upside for XRP and the overall crypto market, driven by heightened interest and strong demand. As XRP tests these new highs, the focus will shift to whether it can sustain this momentum and break through psychological resistance levels. With market dynamics favoring a bullish outlook, XRPs performance could set the tone for altcoins entering the next phase of this market cycle. Investors now keenly observe XRPs trajectory as it navigates this critical juncture. XRP Extends Record-Breaking Rally  XRPs remarkable uptrend shows no signs of slowing, with the asset surging 30% in under 24 hours, breaking decisively above the $2 mark. Following a brief consolidation below $2, this rally has pushed XRP to an impressive $2.49a level unseen since January 8, 2018. Recent blockchain data from Santiment reveals the underlying strength driving this surge. Key accumulation trends show wallets holding 1M-10M XRP have collectively added 679.1 million tokens to their holdings in just three weeks. This translates to a staggering $1.66 billion, signaling renewed confidence among large holders. Additionally, XRPs total non-empty wallets have reached a historic milestone, surpassing 5.5 million for the first time in the cryptocurrencys 8+ year history. The convergence of these bullish metrics confirms that demand for XRP is intensifying, fueling its record-breaking rally. Analysts and investors are watching closely, noting that the continued expansion in wallet activity and accumulation patterns strongly supports XRPs upward momentum. Related Reading: Dogecoin Consolidates Below Key Supply Level Analyst Expects Rally Soon As XRP capitalizes on these bullish trends, its ability to sustain and build on this momentum will be crucial. If accumulation and wallet growth persist at this pace, XRP could redefine its position in the crypto market, setting new benchmarks for its next leg up. XRP Price Holds At $2.30 XRP is trading at $2.30, consolidating after a remarkable rally that saw it touch $2.50, nearing its all-time high. This marks an extraordinary performance, with XRP achieving significant gains over the past month as it revisits price levels last seen in 2018. The bullish momentum remains intact, and traders closely monitor the $2.30 level as a key support. If XRP holds above this level in the coming hours, a breakout past $2.50 seems increasingly likely, setting the stage for the asset to test even higher resistance levels. However, failure to maintain the $2.30 support could lead to a short-term pullback, with the price likely finding demand at $2.08. This critical level could provide a foundation for further consolidation before XRP attempts another push upward. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target As market participants continue to watch XRPs price action, its ability to sustain these levels will determine the trajectory of its next move. With bullish sentiment still driving demand, the coming hours are crucial for XRPs bid to solidify its position above $2.30 and aim for new milestones beyond $2.50. Featured image from Dall-E, chart from TradingView

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XRP Makes A Strong 20% Surge, Pushing Past BNB To Become 5th Largest Crypto

XRP experienced a notable surge of over 20% on Friday, outperforming leading digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This increase has propelled XRP to become the fifth-largest cryptocurrency by market capitalization, now exceeding $107 billion. As of the latest trading data, XRP is priced at $1.87, reflecting a remarkable 99% increase over the past two weeks. This performance has allowed XRP to surpass Binance Coin (BNB) in market capitalization, signaling a resurgence of investor interest. XRP Breaks Free From Three-Year Stagnation The recent rally marks a significant turnaround for XRP, which had been consolidating between $0.30 and $0.60 for nearly three years.  This period of stagnation was largely attributed to the end of the 2021 bull run and the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC).  Related Reading: Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each The SEC’s classification of XRP as an “unregistered security” has created substantial uncertainty for investors, particularly in the US, which has impacted the token’s market performance. However, recent political developments in the United States have contributed to a renewed sense of confidence among crypto investors.  Following Donald Trumps victory on November 5, where he defeated current Vice President Kamala Harris, the cryptocurrency market saw a significant recovery. Bitcoin, in particular, reached a new all-time high of $99,540, leading this resurgence. Trump’s election promises to overhaul regulatory frameworks, including the dismissal of SEC Chair Gary Gensler on his first day in office, have further fueled optimism.  Gensler has announced his departure from the agency effective January 20, coinciding with the presidential inauguration, raising hopes that the protracted legal dispute between Ripple and the SEC may soon be resolved.  This potential resolution could pave the way for increased investment in XRP and the introduction of new investment products, such as exchange-traded funds (ETFs) focused on the token, with several asset managers having already filed applications. New Price Targets And Support Levels In terms of technical analysis, crypto analyst DarkDefender has noted that XRP has successfully broken through a critical resistance level at $1.44.  With the recent uptrend recorded for the fifth largest token on the market, DarkDefender outlined new targets for XRP, including $3.4176 and $11.3233, while also revisiting historical targets of $5.85 and $18.22. Furthermore, the analyst highlighted new support levels at $1.44, $1.28, $1.14, and $1.03.  Related Reading: NEAR Q3 Market Cap Dive: Exploring The 27% Plummet And Key Financial Metrics The 4-hour chart indicates a new market structure for XRP, with expectations of touching $2.13 before any potential corrections. New resistance levels are identified at $4.11 and $6.42 within this timeframe, aligning with the main target of $5.85 following the anticipated move above $1.88. Featured image from DALL-E, chart from TradingView.com

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XRP Breaks Multi-Year Resistance Main Target Remains $2

XRP has broken through a key resistance level, reaching price points not seen since its multi-year highs set in 2021. The cryptocurrency has been on an aggressive upward trajectory for over three weeks, signaling strong bullish momentum in the market. Investors and analysts alike are closely monitoring XRPs price action, as it shows no signs of slowing down. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target Renowned crypto analyst Ali Martinez recently shared a compelling technical analysis, suggesting that XRP is poised to reach the $2 mark in the near future. His analysis highlights XRPs robust breakout above critical resistance levels, supported by strong trading volume and positive market sentiment. Martinez believes this momentum could propel the token to achieve its next significant milestone much faster than anticipated. As the altcoin market continues to flourish, XRP stands out as one of the top-performing assets, drawing increased attention from both retail and institutional investors. The coming days will be crucial in determining whether XRP can sustain its bullish pace and surpass further resistance levels. With technical indicators aligning with optimistic projections, XRP appears ready to continue its ascent, cementing its place as a leading cryptocurrency in this market cycle. XRP Testing Past Cycles Top XRP has reached an impressive $1.93, testing critical supply levels that marked the top of its last cycle. In 2021, Ripple was entangled in legal challenges with the SEC, creating uncertainty for the cryptocurrency. However, the landscape has shifted significantly since then, with Ripple gaining favorable momentum in the lawsuit and renewed investor confidence, propelling XRP to new heights. Martinez has provided an optimistic outlook, sharing a technical analysis on X that suggests XRP will likely surpass the $2 milestone soon. Martinez identifies this level as a key target as the cryptocurrencys momentum builds. The price of XRP has surged by over 280% in less than a month, reflecting the strength of its current uptrend. Analysts are closely monitoring whether XRP can break above the psychological $2 mark, a level that would signal a continuation of its rally toward multi-year highs. Related Reading: Cardano Transactions Rise To Multi-Year Highs Metrics Support Bullish Outlook The bullish sentiment surrounding XRP is further supported by increasing trading volume and strong demand from both retail and institutional investors. As the token approaches multi-year highs, the focus shifts to whether it can sustain this rally and break through the crucial resistance zone. For now, XRP continues to show remarkable resilience and upward potential, positioning itself as a standout performer in the crypto market. Technical Details XRP is trading at $1.93, following a remarkable 16% surge yesterday and an additional 7% rise today. The cryptocurrency continues its aggressive push toward the critical $2 level, capturing the attention of analysts and investors alike. This sustained rally reflects growing confidence in XRP’s potential as it tests supply zones that once marked last cycles peak. Despite the bullish momentum, theres a strong possibility that XRP may consolidate below the $2 mark for a few days. Such a pause could set the stage for a more explosive move as the broader crypto market gears up for a potential breakout. Historically, consolidations at key resistance levels often precede significant price rallies, and the current setup aligns with this pattern. Related Reading: Ethereum Eyes $3,900 Key Resistance Break Could Spark A Surge XRPs aggressive break above the $1.62 level was a pivotal moment, reinforcing bullish sentiment across the market. Many investors now expect XRP to challenge and surpass its previous cycles all-time high (ATH), setting the stage for a new price discovery phase. With momentum on its side and increasing interest from both retail and institutional players, XRPs path forward could redefine its position in the market, marking a significant milestone in its price journey. Featured image from Dall-E, chart from TradingView

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XRP Consolidates Below Crucial Resistance Analyst Sets $1.60 Target

XRP is currently consolidating after a sharp 20% retrace from its recent local high of $1.63, set last Saturday. Despite the pullback, XRP remains a strong contender in the market as it holds firm above critical demand levels, showcasing resilience amid broader market volatility. As Bitcoin flirts with the psychological $100,000 mark, XRPs price structure continues to signal bullish potential, drawing attention from traders and investors alike. Related Reading: Cardano Reclaims $1 As Network Growth Surges Larger Breakout Ahead? Crypto analyst and investor Carl Runefelt shared a technical analysis on X, suggesting that XRP could be on the verge of a significant breakout. According to Runefelt, if XRP successfully breaks a key resistance level in its current price range, the asset could retest its local highs of $1.60 in the coming days, setting the stage for another rally. The overall market awakening has injected optimism into the crypto space, with XRP positioned to benefit from the momentum. However, maintaining strength above its current demand zone is crucial for XRP to sustain its bullish trajectory. Investors are closely watching for confirmation of a breakout, as XRP’s ability to reclaim its recent highs could signal the start of a larger upward trend in the weeks ahead. XRP Looks Ready To Continue XRP appears poised for another bullish rally, with technical indicators and market sentiment aligning to suggest a continuation of its upward momentum. As the broader crypto market shows signs of awakening, it stands out as one of the assets with the potential to set new yearly highs in the current cycle. Analysts and investors are increasingly optimistic, with many eyeing the $2 mark as the first significant milestone for XRP bulls. Crypto analyst Carl Runefelt recently shared a detailed technical analysis on X, highlighting a key development in XRPs price action. According to Runefelt, XRP is nearing the breakout point of a falling wedge pattern, a historically bullish structure.  If this breakout materializes, XRP could initially target its recent local high of $1.60. Breaking above this supply zone would signal strong buying momentum, paving the way for XRP to aim for new cycle highs and potentially surpass the $2 resistance level. However, XRPs journey to new highs isnt without risks. Should the asset fail to break above the $1.60 level, further consolidation below this price could occur, delaying its bullish trajectory. Such a scenario would likely see XRP retesting key demand zones before attempting another breakout. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million Local Top Or Continuation? As the market collectively inches toward higher valuations, XRPs performance remains closely tied to its ability to breach critical resistance levels. A successful breakout above $1.60 would not only validate the current bullish setup but also reinforce confidence in XRPs potential to lead this cycles altcoin rally.  Technical Analysis And Key Levels  XRP is currently trading at $1.43, showcasing remarkable resilience after a 200% surge from its November 5th lows. While the price has retraced 20% from the local high of $1.63, XRP’s bullish structure remains intact as the broader crypto market gears up for another potential rally. Analysts and investors are optimistic that the price can sustain its momentum, provided key support levels hold firm. The $1.27 mark emerges as a critical demand zone for XRP, maintaining the short-term bullish structure that has driven its recent growth. If XRP successfully defends this level, the price is expected to consolidate before making another attempt to surpass the $1.60 resistance. A break above this key level could open the door for further upside, pushing XRP closer to its next major milestones in this cycle. Related Reading: Bitcoin Leverage Remains High Data Reveals Selling Pressure Above $93K However, failing to hold above $1.27 could shift market sentiment and lead to deeper corrections. This would challenge XRP’s bullish momentum and potentially test lower support levels, delaying its upward trajectory. As the market looks primed for continuation, XRP’s ability to stay above critical demand zones will determine its performance in the coming weeks. Investors are closely monitoring these levels as the asset eyes another leg higher. Featured image from Dall-E, chart from TradingView

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XRP Analyst Sets $2 Target If It Holds Key Level Can It Reach Multi-Year Highs?

XRP has emerged as a standout leader in the recent crypto rally, delivering massive gains and fueling optimism among investors. The price has skyrocketed by an astonishing 225% in under three weeks, showing no signs of slowing down as momentum builds. This surge has positioned it as a top-performing altcoin, capturing the attention of analysts and traders alike. Related Reading: Avalanche Soars 20% In 24 Hours Analyst Reveals Next Price Target CrediBull, a prominent analyst on X, has shared a detailed technical analysis highlighting XRP’s strong bullish structure. According to his insights, XRP is currently in a well-defined 5-wave impulsive move, a pattern often associated with sustained upward trends. If it continues to hold a critical support level, CrediBull predicts that the price could soar past $2 in the coming weeks, marking a significant milestone for the altcoin. As excitement grows, market participants are closely watching its performance. The ongoing rally suggests that XRP could hit new highs and pave the way for broader altcoin gains. Whether it can maintain its upward trajectory will depend on its ability to sustain key support levels and capitalize on the current bullish sentiment. For now, XRP remains a focal point in the market, with its next moves eagerly anticipated. The Bullish Rally Could Continue  The recent bullish phase for XRP might be just the beginning as optimism continues to build among analysts who foresee a higher price in the months ahead. However, key price levels must be tested and maintained for XRP to sustain its momentum and advance to the next leg up. Prominent analyst CrediBull shared his insights on X, revealing that XRP is currently in a clear 5-wave impulsive move, a strong indicator of a bullish trend. According to his technical analysis, this pattern confirms that XRPs absolute bottom was established at $0.49 earlier this year. He also emphasized the importance of the $1.05 level, the origin of the fifth subwave in this impulsive structure. CrediBull explained that if XRP falls below $1.05, it could signal the start of a larger Wave 2 correction, which would likely precede the next major upward impulse (Wave 3). However, if XRP holds firmly above $1.05, it would indicate that the fifth subwave is extending, potentially pushing the price to $2 or higher before any significant pullback occurs. Related Reading: Massive Ethereum Buying Spree Taker Buy Volume hits $1.683B In One Hour This analysis reinforces the view that XRPs current rally may just be the start of a broader bullish trend. Investors are now watching closely to see if XRP can maintain key support levels and confirm its extended move upward. XRP Hits Multi-Year Highs: ATH Next? XRP is trading at $1.45, following an impressive rally that saw the price touch $1.63 yesterday, marking its highest level since May 2021. This milestone has sparked optimism among investors, positioning XRP for a potential run to new all-time highs in the coming months. The sustained upward momentum reflects growing confidence in the price’s bullish trajectory. However, the recent surge also brings the possibility of consolidation. The price might need to cool off and gather strength below the $1.63 mark before continuing its upward movement. Consolidation phases are a natural part of any significant rally and can help establish stronger support levels for future price action. Related Reading: Bitcoin LTHs Start Taking Profits Metrics Reveal Whales Are Actively Spending The key level to watch remains $1.05, identified as a critical support zone. If the price holds above this mark, it will reinforce its bullish outlook and set the stage for a potential breakout and continuation of its upward trend in the weeks ahead. Analysts believe that maintaining this level would be a strong signal of market confidence, paving the way for XRP to build on its recent gains and target new milestones. Featured image from Dall-E, chart from TradingView

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XRP Breaks Above Multi-Year Resistance Top Analyst Shares Price Target

XRP is making waves in the crypto market, trading at $0.82 after setting new yearly highs following an impressive 65% surge in just a few days. This rally has captured the attention of investors and analysts, with top analyst Carl Runefelt sharing insights into XRPs bullish breakout. According to Runefelt, XRP has finally broken above a multi-year resistance level, signaling the potential for a massive rally to higher prices in the coming weeks. Related Reading: Bitcoin Weekly RSI Entering Power Zone Last Time BTC Soared 80% Adding to the optimism, recent positive developments in the broader crypto space have further boosted market sentiment. Reports suggest that SEC Chair Gary Gensler may step down, a move that potentially reduces regulatory pressure on the crypto industry. Elected President Donald Trump’s pro-crypto stance and policies also spark renewed interest and confidence among crypto enthusiasts. These factors have created an environment where XRP appears poised for significant gains. As investors watch closely, the focus remains whether XRP can sustain this momentum and continue pushing higher. With key resistance levels cleared and favorable news driving sentiment, XRP is positioning itself as one of the most promising assets in the crypto space right now. XRP Staring A Bullish Phase  XRP has entered a promising new bullish phase after years of lackluster performance and prolonged legal battles with the SEC in the U.S. This resurgence sparks optimism among investors and analysts alike, with top crypto analyst Carl Runefelt sharing a compelling technical analysis on X.  Runefelt highlighted XRPs breakout from a multi-year resistance level, which signals a significant shift in its price trajectory. In his analysis, Runefelt cautiously predicted that XRP could reach $2 during this bull cycle, a modest target compared to analysts who foresee price levels soaring past $20. The breakout marks a turning point for XRP, which has faced years of sideways price action and persistent selling pressure. Legal setbacks, regulatory uncertainty, and market skepticism had kept the asset underperforming relative to its peers. However, with favorable developments in the broader crypto market and the ongoing adoption of blockchain solutions, XRP is regaining its footing. Related Reading: Solana God Candle Is Close As It Breaks From Crucial Resistance Top Analyst Many believe the coming months could be transformative for XRP, with the potential to finally rise above its previous all-time high of $3.84 set in January 2018. As bullish momentum builds and investor confidence strengthens, XRP is positioned to be one of the standout performers in this market cycle. Bullish Price Action: Key Supply Levels To Watch XRP trades at $0.82 following a massive breakout that clears multiple resistance levels, signaling renewed bullish momentum. This surge has reignited optimism among investors as XRP demonstrates strength after prolonged underperformance.  The next critical supply level for XRP to test lies at $0.92, a price point it hasnt revisited since 2021. A successful breakout above $0.92, followed by consolidation and support building at this level, could open the door for significant upward movement. If XRP maintains its bullish momentum and establishes $0.92 as a support zone, demand could skyrocket, propelling the price toward the $1.4 level. This would mark a significant milestone, aligning with broader market optimism and strengthening investor confidence in XRPs long-term potential. Related Reading: Chainlink Whales Waking Up Data Shows Signs Of Accumulation However, the possibility of a failed breakout above $0.92 cannot be ignored. If the price struggles to hold this level, XRP could enter a consolidation phase, remaining range-bound until new catalysts emerge. Such a scenario would likely delay the next major move but might offer opportunities for accumulation. As the price continues its climb, traders and investors are closely monitoring these key levels, recognizing that the outcome could define the next chapter of XRPs price action in this bullish cycle. Featured image from Dall-E, chart from TradingView

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