XRP price faces strong selling pressure after bulls fail to surpass the $2.50 resistance level, as bear strike shows strength with daily trading volumes up by 15%.
XRP price gained 3% to reach $2.48, with trading volumes rising 66% to $2.9 billion driven by broader market strength and optimism surrounding Ripple’s legal case.
XRP active addresses have soared to highest levels since April 2023, reaching 627,000 following SEC’s decision to end the lawsuit against Ripple Labs.
Ripple CEO Brad Garlinghouse announced ambitious plans for 2025, including a potential IPO for Ripple Labs and a flood of XRP ETF filings coming in H2.
Ripple CEO Brad Garlinghouse has confirmed the resolution of the lawsuit against the SEC on March 19.
XRP’s funding rates remain negative, signaling bearish market sentiment. If this trend persists, XRP’s price may face further downside.
Ripple Labs introduced a trademark for “Ripple Custody”, suggesting a possible entry into the custody sector for the American fintech firm.
XRP has formed a head-and-shoulders pattern on the weekly chart which suggests a potential surge to $3 if bulls take over.
XRP price forms a symmetrical triangle pattern breakout on a multi-year chart highlighting chances of another 500% rally from here onwards.
Ripple Labs secured license from the Dubai Financial Services Authority (DFSA), becoming the first blockchain-based payments provider authorized to offer regulated XRP payment in the UAE.
The selection of XRP among other altcoins in the US crypto reserve has triggered mixed reactions but whale investors have been on a shopping spree.
A prominent crypto analyst forecasted that XRP will skyrocket to the $77.7 price tag as it jumped 20% in 24 hours.
Ripple Labs and South Korean crypto custody provider BDACS have formed a strategic partnership to deliver secure infrastructure for institutional players in the region, supporting assets like XRP and RLUSD.
XRP token soared a massive 6% in the past 24 hours after dropping to a low of $2.08 in the past 24 hours.
The heightened capitulation of XRP long traders in the last 24 hours has escalated the odds of a long squeeze In the coming days.