XRP – Page 22 – BitcoTasks BLOG

What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts?

May 9, 2024

Xrp

The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1.27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem. $1.27 Million In Longs…

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$20 On The Horizon For XRP? Unpacking A Potential 650x Surge And What It Means

May 9, 2024

Cryptocurrency Market News

Ripples of uncertainty continue to surround XRP, the cryptocurrency created by Ripple Labs. Once a high-flyer, XRP has seen its price plummet amidst a protracted legal battle with the US Securities and Exchange Commission (SEC). But even as dark clouds loom, some analysts see a silver lining, predicting a future surge for the digital asset.…

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Breaking Free: Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows

May 8, 2024

Cryptocurrency Market News

The price of XRP, the native token of Ripple, has been on a rollercoaster ride in recent years. After reaching a peak of nearly $2 in April 2021, it has been in a downward motion, leaving investors wondering if a comeback is on the horizon. However, a recent analysis by market analyst Jonathan Carter suggests…

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XRP Price Prediction – Can 100 SMA Trigger Another Steady Increase

May 7, 2024

Xrp

XRP price is correcting gains from the $0.570 resistance. The price is stable above the $0.5240 support and might aim for a fresh increase in the near term. XRP started a decent increase and climbed above the $0.550 resistance. The price is now trading above $0.5250 and the 100 simple moving average (4 hours). There…

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XRP Holders Stack Coins Despite Price Dip: Bullish Signal Or HODL Of Desperation?

May 5, 2024

Cryptocurrency Market News

The cryptocurrency market has been battered by recent storms, with many altcoins experiencing significant price drops. XRP, however, seems to be weathering the tempest with a hint of defiance. While its price has dipped, on-chain data reveals intriguing trends that suggest a potential silver lining for XRP investors. XRP Accumulation On The Rise: Diamond Hands…

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XRP Forms On-Chain Signal That Led To 16% Crash Last Time

May 4, 2024

Xrp News

On-chain data shows that many old coins have moved on the XRP network recently, a sign that proved to be bearish for the coin last time. XRP Age Consumed Metric Has Registered A Large Spike According to data from the on-chain analytics firm Santiment, XRP has just observed a large movement of dormant coins similar…

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Ripple Unlocks 1 Billion XRP From Escrow – How Will This Impact Price?

May 2, 2024

Ripple

On-chain data recently showed that Ripple carried out its monthly escrow unlock for May. As expected, this has raised concerns about how it could affect the XRP price, especially since Ripple has been accused of manipulating the token’s price. Ripple Unlocks 500 Million XRP Tokens Onchain data revealed 500 million XRP tokens were unlocked from…

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XRP Price On Watch: Can This 23 Million Token Purchase Spark A Rally?

April 30, 2024

Xrp

The cryptocurrency market continues to navigate a period of sluggishness. Yet, a recent whale activity has injected a flicker of hope for XRP, the native token of Ripple. On Tuesday, a significant investor, commonly referred to as a whale, acquired a hefty 23 million XRP, sparking renewed interest in the embattled token. Whale Movement: A…

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XRP Price Edges Up As Ripple Forms Major Partnership In Japan

April 30, 2024

Xrp News

Ripple has announced a major partnership with Tokyo-based HashKey DX, a consulting company of the HashKey Group, to deploy XRP Ledger (XRPL)-powered enterprise solutions in Japan’s burgeoning blockchain sector. The announcement led to an immediate 1.9% increase in XRP’s price, although this gain was slightly pared back; as of the latest data, XRP stands 1.1%…

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XRP Price Prediction – Will Bearish Trend Push Prices Under $0.50?

April 30, 2024

Xrp

XRP price is struggling to recover above the $0.520 resistance. The price could gain bearish momentum if it breaks the $0.50 support. XRP is attempting a fresh increase and facing hurdles near $0.520. The price is now trading near $0.5150 and the 100 simple moving average (4 hours). There is a major bearish trend line…

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ETH Gate Conversation Intensifies After Ripple CTO And Cardano Founder Debate

April 29, 2024

Cryptocurrency Market News

Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit against the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson’s debate on X. Is There A Double Standard For Ethereum? On Thursday, crypto firm…

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