The cryptocurrency market witnessed a resurgence, with Bitcoin and Ethereum seeing significant gains. However, XRP lagged behind, but analysts believe the asset is gearing up for a bullish rally, with some predicting it could reach $6.40 if it maintains above $0.49.
Ripple Labs has announced a strategic collaboration with HashKey DX, the Tokyo-based arm of HashKey Group, to facilitate XRP Ledger (XRPL)-powered solutions in the Japanese market. This development has fueled optimism around Ripple’s cryptographic advancements, leading to a price jump for the XRP token.
As XRP whales move over 180 million coins, speculation arises regarding the impact on XRP price, coinciding with a new order from a Magistrate Judge in the ongoing Ripple vs. SEC lawsuit.
Ripple’s XRP has seen a 3% price increase, fueling speculation of a potential bull run as the Ripple vs. SEC case enters its final phase. Analysts predict significant price targets, with the most bullish scenario suggesting XRP could reach $20 in the near future.
Ripple has transferred a staggering 100 million XRP (worth $48.61 million) to an anonymous address, raising questions about the potential impact on XRP’s price amid its recent recovery.
Amidst a massive $400 million crypto bloodbath, XRP’s trading volume skyrocketed by an astonishing 80%, surpassing $4 billion, as investors scrambled to liquidate long positions, resulting in a surge of market activity.
RippleX has identified a technical glitch impacting certain Automated Market Maker (AMM) pools on the XRP Ledger, prompting the team to advise users against depositing funds until the issue is resolved. Several projects utilizing these pools have temporarily suspended services.
Ripple’s recent transfer of 240 million XRP tokens to an unknown wallet has raised speculation about potential price manipulation, reigniting debates around the company’s influence on the cryptocurrency’s lackluster performance.
Ripple’s XRP token jumped over 20% on Monday, fueled by large transfers worth millions of XRP from the crypto exchange Binance, as the broader crypto rally extends to previously lagging assets.
This article analyzes the current technical setup of three major cryptocurrencies: XRP’s consolidation around its moving averages, Ethereum’s approach towards the $4,000 resistance level, and Bitcoin’s struggle to breach the $70,000 mark.
