A cryptocurrency analyst has explained how XRP could be at risk of a drop toward $0.80 based on the data of some on-chain indicators. XRP Has Seen Bearish Developments In On-Chain Data In a new Active Addresses on-chain indicator. This metric keeps track of the total number of addresses that are taking part in some…
Tag: XRP Price
XRP Price At $100 Is A liquidity Event Number, What This Means
Talk of XRP reaching $100 began gaining momentum this cycle, following the resolution of the legal battle involving Ripple and the US Securities and Exchange Commission. Interestingly, the attention in recent months has been toward XRP’s role in global finance and how this might have an effect on its price action. That trend has led…
XRP Sees 80% Spike In Major Metric, Why This Matters For Price Appreciation
XRP has recorded a notable surge in one of its most closely watched derivative indicators, which brings attention to how traders are positioning around the asset. Data shows that open interest tied to XRP derivatives jumped by about 80% within a very short four-hour window in the recent trading day, pointing to a sudden influx…
XRP Still Has A Path To $28 This Cycle, Analyst Says
XRP could still reach $28 this cycle under a “non-base-case” scenario driven by an altcoin-heavy rotation, according to CryptoInsightUK analyst Will Taylor, who argued that XRP’s multi-year technical compression leaves room for an outsized move if market structure and sentiment align. In his Dec. 27 “Weekly Insight” newsletter, Taylor framed the call inside a broader…
Analyst Says XRP Price On The Verge Of Bearish Breakdown
The XRP price has been bearish all through December, with key support zones failing to hold through the growing sell pressure. While the altcoin hovers around the $1.80 price level, recent on-chain evaluation shows that the XRP price could be in a precarious situation. Bearish Divergence Materializes Between RSI And XRP Price In a Quicktake…
XRP Supply Shock Incoming? Expert Reveals The Truth
A fresh “XRP supply shock” narrative has been making the rounds on X, with several large accounts circulating a Glassnode chart of exchange balances and arguing ETFs are rapidly draining liquid supply. An XRP Ledger dUNL validator, however, rejected the premise outright, saying the numbers and the market structure don’t support a true allocation squeeze.…
XRP Open Interest Crashes To Levels Not Seen Since 2024, Can It Also Rally 600%?
XRP’s open interest has reportedly crashed to lows not seen since last year, when the altcoin surged by around 600%. On-chain analytics platform CryptoQuant noted that this development could be bullish for XRP as it looks to rebound to new highs. XRP’s Open Interest Drops To Lowest Level Since 2024 In a blog post, CryptoQuant…
XRP Price To Surge: Analyst Shares ‘Interesting Chart’ That Has Previously Led To A Rally
Crypto analyst Steph has pointed to an “interesting” chart, which has previously led to an XRP price rally. This came as the analyst also suggested that the altcoin may be forming a bottom in preparation for the next leg to the upside. Analyst Shares Why This Chart Is Interesting For The XRP Price In an…
Flare Launches New Way For XRP Investors To Earn
Flare Network has rolled out a new yield-focused product in collaboration with Upshift and Clearstar that offers XRP holders a way to earn returns without selling their XRP holdings. XRP’s price action has been bearish in recent weeks, and that calm has carried into the past trading sessions. The cryptocurrency is trading around $1.87, after…
Why The Current XRP Valuation Doesn’t Make Sense
Can a digital asset like XRP realistically sit at a few dollars if it is expected to serve as an important liquidity layer for the global financial system? That question is at the center of a growing debate around XRP’s market value and is the basis of comments shared on X by Jesse of Apex…