
XRP Surges as Bitcoin Steadies Below $66K
Ripple’s XRP token reaches a 7-week high, while Bitcoin consolidates below $66,000. Most altcoins experience minor losses, with Dogecoin among the few showing gains.
Ripple’s XRP token reaches a 7-week high, while Bitcoin consolidates below $66,000. Most altcoins experience minor losses, with Dogecoin among the few showing gains.
Ripple (XRP) experiences significant profit-taking while maintaining price stability above $0.57, as network activity surges with a 30% increase in active addresses.
XRP’s recent price action has sparked discussions about a potential major breakout, with analysts pointing to a long-term symmetrical bullish triangle pattern forming since 2018.
A mysterious transfer of 104 million XRP, worth over $58 million, has been detected, potentially signaling significant whale activity in the cryptocurrency market.
Ripple has begun testing its new stablecoin, Ripple USD (RLUSD), on the Ethereum mainnet and XRP Ledger, aiming to enter the growing stablecoin market pending regulatory approval.
XRP’s price jumped 26% following a federal judge’s ruling in the Ripple vs. SEC case, signaling a potential end to the three-year legal battle and boosting market sentiment.
XRP’s uptrend encounters resistance at $0.66, with recent price action suggesting a potential short-term trend reversal, while Ripple introduces tokenized Treasuries on the XRP Ledger.
XRP’s monthly volatility has reached an all-time low, mirroring conditions before its 60,000% rally in 2017-2018. Technical indicators suggest a significant price movement may be imminent.
August 2024 will see nearly $1.5 billion in token unlocks across major crypto projects, with XRP’s $609 million release leading the way on August 1.
XRP surpasses $0.60 for the first time since April, driven by optimism surrounding the SEC vs. Ripple case and evolving crypto political landscape.