XRP Price Set For Colossal 63,000% Breakout As Ripple Secures Crucial Partnership In Europe

In a market witnessing a strong bullish momentum with several cryptos reaching new all-time highs and experiencing price recoveries, the XRP price has remained in a consolidation phase for the past two months after a brief surge in March that took it to its yearly high of $0.7430.  However, recent positive developments and announcements surrounding [...]

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XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions

As a recent Messari report outlined, the XRP Ledger (XRPL) showcased notable progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has demonstrated substantial activity. XRP Ledger Burn Rate Slows Amid Low Fees During Q1 2024, XRP, the native token of [...]

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XRP Set For Major Upswing: Top Analyst Reveals Timing For $10-$20 Price Milestone

XRP, the cryptocurrency associated with Ripple, has been locked in a lengthy period of consolidation, trading between $0.300 and $0.600 for the past seven years.  Despite a brief surge during the 2021 bull run that saw XRP reach a three-year high of $1.9 in April, the token has since returned to its range, lacking the [...]

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XRP Records Highest Single Day Whale Accumulation Since Ripples Partial Victory Over SEC

Market intelligence platform Santiment recently revealed how XRP whales look to be going all in on XRP following significant purchases of the crypto token. Notably, these buys are said to be the most since Ripples partial victory over the Securities and Exchange Commission (SEC).  XRP Records 217 Whale Transactions Santiment stated in an X (formerly Twitter) post the XRP Ledger processed 217 $1 million whale transactions on the network on January 31. This happens to be the most transactions of such magnitude recorded in a single day since Judge Analisa Torres ruled that XRP wasnt a security in itself last year July.  Related Reading: Bitcoin To $5 Million? S2F Model Predicts When This Will Happen Just like Santiment noted, such an occurrence has the potential to impact XRPs price positively. XRP had risen to as high as $1 on the back of Judge Torres ruling as it strengthened the conviction of the altcoin’s holders, who then decided to double down on their investments. If such a similar scenario plays out again, then XRP is expected to experience price surges soon enough.  The market intelligence platform also added that some key signals indicated that XRP was one of the better candidates for a bounce, assuming Bitcoin Bitcoin can stabilize the rest of the week. The altcoin had dropped below the crucial support level of $0.5 following Bitcoins recent decline. However, it is back above that level as the market shows signs of recovery.  Meanwhile, despite XRPs relatively stagnant price action, these whales do not seem to be worried. Santiment revealed that wallets holding at least 10 million XRP tokens combined to hold 67.2% of the available supply, the most since December 31, 2022.  Token price at $0.5 | Source: XRPUSDT on Tradingview.com Binance Freezes $4.2 Million Worth Of Tokens Binance CEO Richard Teng stated in an X post that the crypto exchange had managed to freeze $4.2 million worth of XRP, which was part of the proceeds from the recent XRP exploit. NewsBTC had reported how there was a breach on the personal XRP accounts of Ripples co-founder Chris Larsen, which led to the theft of more than 213 million tokens.  Related Reading: Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90? Teng also mentioned that the Binance team will help retrieve the remaining funds in any way they can. He added that they were closely monitoring the majority of the funds in the exploiters external wallets just in case they tried depositing these tokens to Binance.  The exploiter is reported to have laundered some of these funds through crypto exchanges like MEXC, Gate, Kraken, OKX, and HitBTC.  Featured image from Analytics Insight, chart from Tradingview.com

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$400 XRP Price Point: Analyst Breaks Down The Future Surge Date

Amid the XRP price unfavorable market sentiment, Changelly, a prominent global cryptocurrency exchange, has sparked new optimism by predicting a potential surge in the token’s price. The crypto exchange has projected new all-time highs for the cryptocurrency in the upcoming years. Related Reading: Dogecoin Price Prediction DOGE Pump To $0.12 Seems Imminent XRP 2024 Price Prediction On Wednesday, February, Changelly released a research report projecting XRPs monthly prices for 2024. The crypto exchange emphasized XRPs historical challenges, recounting significant declines that caused the cryptocurrency to trade well below its 2018 all-time high of $3.84. Following an extensive analysis of XRP, Changelly has predicted a 23.71% increase in the price of XRP, surpassing current resistance levels at $0.5 and reaching $0.667 by February 16, 2024. The crypto exchange noted that current technical indicators signal a 28% bearish bullish market sentiment on the token, alongside a Fear and Greed index reflecting high Greed at 74. Changelly has also reported a positive seven-day upward trend for XRP, noting a $0.01 increase in the past 24 hours. The cryptocurrency platform foresees the average price of XRP reaching $0.617 by March, with a projected price range of $0.550 to $0.685. Changelly forecasts that XRP will trade above the $0.50 mark in April and May, reaching average price values of $0.562 and $0.573, respectively. From June to September, the cryptocurrency is expected to gradually approach the $0.60 mark, with the average price values of XRP ranging from $0.55 to $0.59 during these months. By November, the token is anticipated to break past resistance levels, maintaining an average price of $0.662, with a minimum and maximum value of $0.569 and $0.755, respectively. Meanwhile, Changelly has predicted a surge in the average XRP price to $0.695 for December, potentially reaching a peak value of $0.829.  Massive Price Surge In Upcoming Years In its research report, Changelly provided a forecast of the token from 2025 to 2050. The crypto exchange platform anticipates big gains for the cryptocurrency, expecting its price to exceed $500 in the coming decades. Specifically for 2025 and 2026, Changelly projects XRP to surpass the $1 mark and trade at an average price of $1.18 and $1.72, respectively. The cryptocurrency is expected to slowly increase over the years, surging past $2 mark in 2027 and surpassing its all-time high of 3.84 for the first time to reach an average price of $5.04 in 2028. In the decade from 2030 to 2040, Changelly has predicted that XRP would trade at an average price of $7.39 in 2030, rapidly gaining more momentum over the years to reach a maximum level of $480.23 and a minimum of $413.15 in 2040. Related Reading: Ethereum Bulls Keep Pushing, Why ETH Could Soon Test $3K By 2050, XRP is projected to surpass the $600 mark and trade at $625.74, with a maximum and minimum value of $690.55 and $595.36, respectively. Chart from Tradingview

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XRP Price Could Surge from New Acquisition, Amid Community Skepticism

Recently, Ripple announced the acquisition of Standard Custody & Trust Company, a digital asset custodian. The company aims to expand into different sectors beyond its core payments network business. Related Reading: Are We Headed For Another $69K? Bitcoin Price Surges As Greed Dominates Crypto Market This development may become the key catalyst in driving the price of XRP to new heights, addressing historical challenges of price declines and stagnant growth.  Ripples Acquisition Sets Stage For Potential XRP Price Surge On Tuesday, February 13, Ripple disclosed the formal agreement to acquire Standard Custody to continually expand its offerings and pursue smart acquisitions to capitalize on present and future market opportunities.  The acquisition of Standard Custody signals Ripples commitment to serving its customers and fostering growth and security in the Ripple ecosystem. By implementing a digital asset custodian, Ripple can provide secure storage and management of digital assets like XRP.  Additionally, a cryptocurrency custodian can potentially boost confidence in investors and financial institutions. This increased trust may attract substantial institutional investors into the XRP ecosystem, potentially driving up demand and triggering a price increase for XRP.  According to CoinMarketCap, XRP is priced at $0.5, reflecting a 0.95% decrease in the last 24 hours and an 8.87% drop over the past month. Despite bullish market trends, the cryptocurrency has lingered around the $0.5 price for months, leading to a shift in investor sentiment and confidence. Some members of the XRP community have also accused the cryptocurrency of being purposefully suppressed.  In light of this, Ripples strategic acquisition has the potential to act as a catalyst, boosting the price of XRP. The digital asset custodian could introduce an element of stability to the XRP ecosystem, addressing regulatory uncertainties plaguing the ecosystem. Consequently, this may positively influence the general perception of XRP, attracting favorable sentiments and institutional investors and potentially contributing to an upward price movement. XRP Community Divided As Doubts Emerge Despite Ripples latest announcement and the potential positive impacts the acquisition may have on the ecosystem, the XRP community has remained in doubt, continually voicing out concerns over the depressed state of the cryptocurrency.  Responding to Ripple Chief Executive Officer (CEO) Brad Garlinghouses statement about the companys plans to acquire Standard Custody, an XRP supporter and investor, identified as MackAttackXRP on X (formerly Twitter), expressed skepticism, stating that Ripples recent developments were insufficient to generate a positive impact on XRPs price.  Mack revealed that the price of XRP has been structurally too low for the past five years.” He mentioned a notable shift in perspectives among XRP community members, with some opting to change their XRP for more promising cryptocurrencies or exit the market altogether.  Related Reading: XRP Price Prediction: A Fresh Rally Is Around The Corner? Another XRP community member expressed his frustration about the cryptocurrencys price, disclosing that many dedicated supporters of XRP are starting to lose hope for the cryptocurrency and may consider leaving before witnessing any significant price increases for XRP.  Chart from Tradingview

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Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million

XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853 but later recovered to $0.500 following a clarification from one of Ripple’s co-founders. Personal XRP Accounts Impacted, Not Ripple’s Initial reports suggested that Ripple had suffered a significant security breach, which was brought to light by decentralized finance (DeFi) investigator ZachXBT. These reports raised concerns about the overall security of the Ripple protocol. According to investigations, the breach resulted in the theft of more than 213 million XRP tokens, valued at over $112 million. The stolen funds were reportedly laundered through cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC. Related Reading: Why “Overbought” Bitcoin Could Trigger A 107% Rally However, Ripple co-founder Chris Larsen took to X (formerly Twitter) to clarify the situation. In a recent post, Larsen stated:  Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved. XRP Price Analysis Despite the recent security concerns, XRP is trading at $0.5085, marking a 3.4% decrease in the past 24 hours. However, beyond the Ripple co-founder’s personal account exploit, the XRP price has experienced a significant decline over the past month. Over the last seven days, the token has seen a minor 1.3% drop. The decline has deepened in the previous fourteen days with a 10% decrease. This is more problematic for XRP enthusiasts because the price has lost significant ground over the past 30 days, with an 18% dip. Related Reading: Analyst Compared Solana To Ethereum ICO Boom, What Does This Mean For SOL Price? Nevertheless, XRP bull and crypto analyst EGRAG Crypto provides an intriguing price analysis that could potentially encourage investors toward a price recovery if the token manages to hold and consolidate above the $0.500 level. According to EGRAG, a handful of chart analysts have noted that after wave 1 of the Elliott Wave theory, wave 2 could retrace up to 90% of wave 1. The initial targets of $0.85 to $1 were successfully reached during the July pump, with the price reaching around $0.93 after Ripple’s partial victory against the SEC in its ongoing legal battle over XRP classification. Currently, EGRAG suggests that a “wicking event” down to $0.41 is possible, considering a 10%-15% fluctuation due to the volatile nature of the crypto markets. However, the analyst points out that the upside lies in the upcoming Wave 3, which is influenced by Wave 1 and typically has a ratio of 1.618 compared to Wave 1. If all of this plays out, EGRAG ultimately sees the next short-term target for XRP being the all-time high (ATH) at $5. If the original wave count is adjusted, the range could be between $2.2 and $2.8. Featured image from Shutterstock, chart from TradingView.com

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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 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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