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 [...]

The post XRP Price Set For Colossal 63,000% Breakout As Ripple Secures Crucial Partnership In Europe appeared first on Crypto Breaking News.

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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 Price Forecast Analyst Sets $4 Target After Potential Retrace

XRP has seen a sharp 25% pullback from its recent local high of $2.90, leaving investors questioning its next move. Despite the correction, many analysts remain optimistic about XRPs potential to regain momentum, while others predict a deeper retrace before any significant rally. The market appears divided, with bulls eyeing a potential breakout and skeptics bracing for a quiet sell-off. Related Reading: Dogecoin Still In Consolidation Analyst Expects $0,63 If We Get A Breakout Crypto analyst Harry weighed in on the discussion, sharing a detailed technical analysis on X. He highlighted that XRP could target a $4 price once it completes a deeper retracement. Harrys analysis suggests that while bullish sentiment remains valid, the path forward might require additional consolidation or even a short-term dip to reset market conditions. This divergence of opinions underscores the uncertainty surrounding XRPs price action. Will the retrace provide a launchpad for the next rally, or will it pave the way for prolonged bearish pressure?  As XRP hovers near key levels, the coming days will determine whether bulls or bears gain control. For now, XRP holders and traders must watch these movements closely, as the tokens future hinges on breaking this current stalemate. Price Action Signals Storm Before The Run   XRP has recently faced a significant retrace, and many analysts believe further correction or consolidation could be on the horizon before a bullish continuation occurs. After reaching high levels, the token pauses, with some experts forecasting a stabilization period. However, the bullish camp remains hopeful, anticipating new highs in the coming months as buy-side pressure builds. Top analyst Harry shared his insights on X, pointing out that XRP has yet to retest the critical $1.96 breakout level. Currently, the price is hovering between $1.96 and the 2017 all-time high of $2.77. According to Harrys technical analysis, this positioning indicates growing bullish momentum. He further suggests that if XRPs current flag formation breaks to the upside, the token could be poised for a powerful rally toward new highs. Related Reading: SUI About To Break ATH Again Can Bulls Target $4.20 This Week? This analysis follows weeks of speculation surrounding XRPs price trajectory, especially in the wake of Bitcoins volatile movements. BTC has fluctuated around the $100K psychological level, repeatedly breaking and losing it. These conditions have added an extra layer of uncertainty to the market, leaving traders uncertain of what to expect next. XRP Showing Indecision   XRP is trading at $2.40, marking a 14% recovery from its recent local lows of $2.16. Despite this bounce, the tokens price action remains uncertain as market sentiment remains divided. Traders and investors are closely monitoring the next moves, with no definitive signs pointing to either a bullish continuation or the formation of a cycle top. The key levels to watch are $2.25 and $2.50. If XRP manages to hold above the $2.25 support and reclaim the $2.50 level in the near term, it could signal the start of a renewed bullish rally. This scenario would likely attract additional buying pressure, pushing XRP closer to retesting its recent highs. However, the market’s current indecision reflects broader uncertainty, and any failure to reclaim these levels could lead to further consolidation or a potential downside. Related Reading: Cardano Whales Keep Buying Price Holds Above Crucial Mark As Bitcoin and the broader crypto market experience fluctuating trends, XRPs next move will be critical in determining its trajectory. For now, the token remains in a delicate position, and traders should exercise caution while keeping an eye on these pivotal price levels. Whether XRP resumes its upward momentum or sees additional correction will largely depend on market conditions in the coming days. Featured image from Dall-E, chart from TradingView

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XRP Price Outlook Brightens: Expert Predicts $2 Target Post-Gensler Era

On Thursday, the XRP price soared to $1.41, marking its highest trading value in over three years. This surge coincides with a shifting regulatory landscape in the United States, spurred by the anticipated administration of President-elect Donald Trump.  During his campaign, Trump pledged to position America as the “crypto capital of the world,” a promise that is beginning to resonate with market participants even before his inauguration on January 20, 2025. Gensler Sets Last Day At SEC For January 20 In recent weeks, the cryptocurrency market has seen a notable uptrend, with Bitcoin leading the charge and achieving consecutive all-time highs. This momentum is in part a response to the positive sentiment surrounding Trump’s pro-crypto promises, which is expected to facilitate a more favorable environment for digital assets. Related Reading: FTX Provides Details On $16 Billion Distribution Timeline For Customers And Creditors Central to this optimism is the expected departure of Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC). Gensler has been criticized for fostering an unclear regulatory environment that many argue has stifled the growth of cryptocurrencies in the US.  For XRP and Ripple Labs, this scrutiny has been particularly pronounced over the past four years under the Biden administration. Trump previously vowed to remove Gensler from his position, a move that many in the crypto community view as a necessary step toward clearer regulations. Yet, on the same day as Trump’s anticipated inauguration, Gensler confirmed that January 20, 2025, will be his last day at the SEC. His resignation preempts what many experts speculated could be a contentious conflict if he remained in office while Trump sought to replace him. XRP Price Surges Nearly 30% In 24 Hours This shift in the regulatory landscape in the US has contributed to a clearer outlook for digital assets, as reflected in XRP price movements. In the past 24 hours alone, XRP recorded gains of nearly 30%, and over the past week, it has increased more than 70%. Crypto analyst Ali Martinez recently shared his views on X (formerly Twitter), stating that Gensler’s exit could be highly beneficial for both Ripple Labs and the XRP price, which he believes is now targeting $2.  Related Reading: Ethereum Sees Neutral Netflow On Binance: What Does This Signal? Another analyst, CrediBull, echoed this sentiment, noting that XRP’s monthly Relative Strength Index (RSI) is approaching overbought territory for the first time in three years.  The analyst emphasized that a higher RSI typically indicates stronger momentum and bullish prospects for the asset, absent any bearish divergences. CrediBull suggested that the next significant target for XRP is $2, with aspirations for new all-time highs thereafter. Currently, the token’s all-time high stands at $3,040, which was reached nearly seven years ago in January 2018. This means that the XRP price could be in for a massive 150% uptrend in the coming months. Featured image from DALL-E, chart from TradingView.com

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XRP Price Could Face Last Major Crash, Warns Crypto Analyst

In a new technical analysis of the XRP price in the weekly chart (XRP/USD), crypto analyst Dark Defender warns of a potential last major crash. The analysis uses the Elliott Wave theory and dives into the historical and projected paths for XRP, marked by critical price levels and wave patterns. Final Crash Ahead For XRP Price? According to Dark Defender, XRP concluded its Wave 1 at a high of $0.9327 in mid July last year, significantly surpassing initial targets set when the price was just $0.28. The ones know, know, that we targeted $0.89 and above when XRP was at $0.28. However, XRP closed the Wave 1 at $0.9327. So, we haven’t decided on that, right? We set the limits and targets and then see it. So, right after the initial target, XRP started consolidating,” Dark Defender commented. The chart analysis shows that after peaking, the price action found a firm base at $0.3917, a level that was closely approached with a touch at $0.3814, underscoring the accuracy of the predicted support levels based on the Elliott Wave theory. We all knew that our lowest level was $0.3917, which we set. Later, XRP almost precisely touched $0.3814.We then underlined that this area was the lowest Fibonacci zone several times, the analyst declared. Related Reading: XRP Network Activity Surges As Price Seeks To Break $0.55 Resistance Moving into more recent activity, Dark Defender has placed significant emphasis on the $0.6649 mark, describing it as an “extraordinary level” and “the strongest of all.” The analyst notes, “And as soon as we see XRP above $0.66, a day, a week, a month, then we will see tremendous moves.” However, the latest weekly Wave indicator provides a red signal, suggesting possible downward pressure. Dark Defender cautions investors, “at the moment, the weekly indicator gives us a red signal, which can be false but tells us that, guys, think about the support levels of $0.5286, $0.4850, and the lowest probability of $0.3917 as a double dip. Although there is potential for a decline, the likelihood remains low, according to Dark Defender. Can XRP touch here again!!! Oh God, yes but it is less likely. Despite the short-term bearish signal, the monthly wave trend remains green, which typically overrides the weekly indicators, suggesting the red signal could be premature. Related Reading: Machine Learning Algorithm Predicts XRP Price Direction For This Week, What To Expect “Although the weekly signals red now, the monthly wave trend is green which trumps the weekly. This made me think that the weekly is a fake signal at this stage,” the analyst explains, reinforcing the potential for continued bullish momentum in the longer term. Remarkably, the wave indicator also gave false signals on the weekly chart during the first wave, which underlines the long-term theory of Dark Defender. He still believes that XRP’s Wave 3 possible targets are at $0.88, $5.85 and $18.22 respectively. However, before the price can rally this high, there is one last major resistance. “As long as $0.48 and most importantly $0.3917 is maintained, XRP targets are clear, especially after $0.6649. Please do not underestimate and think what the hell is $0.66? It is the red thin line.We know, and see what is going on in the background. Less people remain on the ship, we see. But I trust myself, Ripple, and XRP. Exciting times are ahead of us,” he states. At press time, XRP traded at $0.5302. Featured image created with DALL.E, chart from TradingView.com

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Analyst Forecasts XRP Bullish Breakout A 1,000% Opportunity?

XRP is currently testing a crucial resistance level that will shape its price action in the coming weeks. After the euphoria surrounding the Federal Reserve’s interest rate cuts in late September, the market is experiencing uncertainty and anxiety. While some investors remain optimistic, the recent price movements of XRP have led to a sense of caution.  Top crypto analyst Amonyx has shared insights into the potential for an unexpected XRP rally. In his analysis, he suggests that the altcoin might surprise skeptics with gains surpassing 1,000%. According to Amonyx, this resistance level could be a launching pad for XRP if the price breaks above it.  Related Reading: Dogecoin Could Break Yearly Highs Any Moment Now Crypto Analyst With significant market fluctuations, investors are keeping a close eye on XRP’s ability to hold above key price points. The anticipation surrounding XRP’s future has created a mix of hope and skepticism as traders weigh the possibility of a breakout against the risks of a further decline.  As XRP continues to navigate this critical juncture, all eyes will be on its performance to determine the next steps for this altcoin. XRP Analyst Sets Optimistic Targets XRP is at a turning point as analysts await a signal that could propel its price higher amidst market uncertainty.  Top analyst and investor Amonyx recently shared a compelling technical analysis on X, offering an optimistic outlook for XRP’s future. His analysis features a chart illustrating a potential ascending bull pennant pattern that has been forming since June 2018. This pattern suggests a buildup of buying pressure, signaling that XRP may be poised for a breakout. If XRP successfully breaks above the resistance defined by this bullish pattern, Amonyx predicts a remarkable surge in price, potentially targeting levels as high as $70 and even $500. While these predictions are ambitious, they underscore the market’s inherent volatility and the potential for dramatic price shifts. Amonyx points out a critical factor influencing market sentiment: many investors believe XRP is unlikely to rise again. This prevailing skepticism may set the stage for a significant upward movement, as market psychology often plays a crucial role in price dynamics.  Related Reading: Cardano (ADA) Testing $0.34 Support On-Chain Data Suggests Price Consolidation In the coming weeks, all eyes will be on XRP as traders assess whether this anticipated breakout will materialize, potentially changing the narrative for the altcoin and its investors. Technical Analysis XRP is currently trading at $0.53, having recently lost both the 1D 200 moving average (MA) and the 200 exponential moving average (EMA). The price is struggling to close above the MA, which is $0.54. For bulls to regain momentum, XRP must surge past these levels to retest local highs around $0.66. However, if the price fails to secure a close above the MA and EMA, a deeper correction could be near. Analysts are closely monitoring this critical juncture, as a breakdown below $0.53 could lead to further declines, potentially targeting support levels around $0.48 or lower.  Related Reading: Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint As traders watch for confirmation of either a bullish reversal or a bearish continuation, XRPs price action will be pivotal in shaping market sentiment in the coming days. Featured image from Dall-E, chart from TradingView

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