Ripple XRP: Bri Teresi Joins Calls for Transparency in SEC Case
The ripple XRP community has been supported by model and influencer Bri Teresi. As an XRP holder, Teresi has voiced concerns about the SEC’s handling of Ripple’s legal battle. She urged for accountability and transparency, stating: “With the SEC’s suppression of XRP becoming evident, transparency is overdue. The truth must come to light.” Ripple-SEC Lawsuit Faces Key Developments The ongoing lawsuit has been labelled as a major barrier for XRP. Recent reports of SEC Chairman Gary Gensler’s planned resignation have sparked optimism for a crypto-friendly successor. Read Also: Charles Hoskinson Discusses Cardano and Bitcoin Integration for DeFi Celebrities and Ripple’s XRP Support Teresi joins other famous XRP supporters. In 2018, Ashton Kutcher donated $4 million in XRP to charity, Madonna partnered with Ripple for fundraising, and Snoop Dogg performed at a Ripple event. Advocating for Change Teresi highlighted the importance of exposing corruption: “XRP is not a scam coin. Transparency and accountability define the new era.” Ripple’s community continues to call for clarity amid legal challenges.
XRP Gains Momentum as Gensler’s Exit Sparks Crypto Rally
The cryptocurrency market has been energized by news of SEC Chair Gary Gensler’s resignation, with XRP experiencing a significant surge. As Bitcoin approaches the $100,000 milestone, altcoins perform strongly, including XRP and SOL. Altcoin Surge Led by XRP and SOL Amid Regulatory Optimism A shift in investor sentiment has been observed, with altcoins outperforming Bitcoin as its rally stabilizes. It led the charge, recording a 33% gain within 24 hours, while Solana (SOL) reached an all-time high above $260. The anticipated regulatory changes following Gensler’s exit have fueled optimism, suggesting the next SEC leadership may approve investment products for smaller tokens and enable staking for ETFs. Price Climbs Over 25% on SEC Leadership Change The resignation of Gary Gensler, scheduled for January 20, 2025, has triggered bullish sentiment across the crypto market. XRP surged by approximately 25% daily, reaching $2, while the broader market witnessed Bitcoin hovering near $100,000. This momentum has been attributed to expectations that the incoming administration will adopt a less aggressive approach to crypto regulation. Read Also: Ripple Expands Financial Horizons with RLUSD Stablecoin Ripple’s Legal Case Sparks ETF Speculations for XRP Following Gensler’s resignation announcement, speculation surrounding a potential XRP ETF has been reignited. A favourable resolution in Ripple’s legal battle with the SEC could lead to the launch of XRP-focused exchange-traded funds. 21Shares, Canary Capital, and Bitwise have already filed applications for spot XRP ETFs, signalling heightened institutional interest. XRP Price Predicted to Reach $5 Following Regulatory Shifts Analysts are optimistic that XRP could hit $2 soon, possibly reaching $5 as regulatory uncertainty fades. The market’s confidence has been bolstered by Gensler’s departure and the potential for Ripple to secure a favourable outcome in its ongoing legal disputes. These developments are expected to drive increased adoption and investment in XRP, positioning it as a key player in the evolving crypto landscape. Broader Crypto Market Benefits From Regulatory Transition The broader crypto market has responded positively to the anticipated regulatory changes. XRP, ADA, and SOL are among the tokens experiencing significant price increases. As stablecoin supplies expand and institutional interest grows, Bitcoin’s rally is expected to continue, potentially reaching $115,000 by the end of the year. Meanwhile, altcoins like XRP are poised to capitalize on these favourable market conditions.
XRP Breaks Resistance Levels: Is $2 Within Reach?
XRP has recently witnessed a strong rally, approaching the crucial $2 mark. The current bullish momentum on the charts suggests the potential for a breakthrough in the coming days or weeks. As buyers sustain their interest and the market remains on an upward trajectory, XRP has a clear technical path to reach $2. Breaking Resistance Levels The cryptocurrency recently surged past key resistance at $1.20, turning it into support. Its next major hurdle lies near $1.50. If XRP can overcome this level, it may aim for the psychological milestone of $2. Traders should monitor the price action closely as XRP’s ability to stay above previous resistance points will be vital in sustaining its uptrend. Source: CoinMarketCap While the Relative Strength Index (RSI) indicates overbought conditions, a short-term consolidation or minor retracement may occur before the rally continues. Related article: XRP Price Surge Sparks Speculation: Can It Reach $8? Maintaining support at current levels will be critical to prevent any deeper corrections. A drop below $1.00 could disrupt the bullish trend and trigger a wider market pullback. Strong Market Participation Drives Rally Trading volumes remain robust, signaling strong buyer confidence and active market engagement. The 50-day Exponential Moving Average (EMA) is significantly above the 100-day and 200-day EMAs, reinforcing the bullish trend. This alignment indicates that the rally has a solid foundation and suggests the momentum could sustain. Related article: XRP Trading Volume Soars: Price Rises 16% Amid Crypto Sell-Off For XRP to hit the $2 mark, it must break convincingly above $1.50 and maintain strong buyer interest. Traders should keep an eye on the $1.00 support and $1.50 resistance levels to assess the cryptocurrency’s next move. If the bullish momentum holds, XRP could soon achieve the highly anticipated $2 level. With current technical indicators and market dynamics favoring the bulls, XRP seems well-positioned for further growth. However, careful monitoring of key levels will remain crucial for traders looking to capitalize on this upward trend.
XRP Rebounds Strong: Will It Hit $1.50 Next?
XRP has successfully maintained its position above the $1 mark for seven consecutive days after surpassing this critical resistance. However, the token’s price has not shown the substantial climb some investors expected amidst the ongoing bullish cryptocurrency market. This has raised concerns about whether XRP’s upward momentum has stalled. Price Rebound Targets $1.50 XRP has shown signs of recovery as it aims for its next target of $1.50. Over the past 24 hours, the token climbed from a low of $1.0691 to its current level of $1.12, reflecting a modest 0.35% increase. Source: CoinMarketCap This rebound indicates growing investor interest and hints at potential further gains in the near term. XRP’s market volume has spiked by 23.93%, reaching $6.95 billion. Related article: XRP Price Hits $1.26 Amid Legal Uncertainty and Trump Presidency Hopes This increase in trading activity underscores renewed confidence among altcoin traders and serves as a key factor driving XRP’s recent price movements. Investors are optimistic that sustained trading volume could help propel the token’s value higher. Technical Indicators Show Potential Breakout Renowned trader Peter Brandt has highlighted a “massive coil” pattern on XRP’s technical chart. This pattern, often characterized by price consolidation, typically precedes a significant breakout. Brandt suggests this development explains XRP’s recent sideways movement over the past four days. The token has already surpassed its 2023 peak, and analysts anticipate its next significant move could push it past its 2021 high. Market sentiment remains bullish, with experts suggesting the current consolidation phase could lead to a strong upward breakout. Related article: XRP Price Surge Sparks Speculation: Can It Reach $8? XRP’s open interest surged by $1.7 billion within 24 hours, indicating growing trader enthusiasm despite the price stagnation. Experts believe sustained momentum from traders could push XRP to $1.50. Others express optimism that the ongoing bullish rally might enable XRP to test the $2 level in the coming weeks. The market’s focus remains on whether XRP can maintain its rebound and achieve these ambitious targets.
XRP Price Hits $1.26 Amid Legal Uncertainty and Trump Presidency Hopes
The value of XRP has recently surged to $1.26, generating excitement among cryptocurrency investors. This rally coincides with renewed optimism about potential pro-crypto policies under President-elect Donald Trump. However, ongoing legal challenges with the U.S. Securities and Exchange Commission (SEC) continue to cast uncertainty over XRP’s future. SEC Ruling and Its Impact on XRP’s Trajectory The SEC’s 2023 ruling, which determined XRP is not a security when sold to retail investors, has been a significant factor in the token’s resurgence. Despite this positive ruling, the SEC’s appeal has left the case unresolved. A crucial legal date, January 15, 2025, is expected to provide more clarity for XRP investors. Experts believe Ripple may negotiate a settlement or reduced penalties, especially if a pro-crypto SEC chair is appointed. This speculation has been fueled by reports of Trump considering Brian Brooks for a high-ranking regulatory role. Ripple CEO Brad Garlinghouse remains optimistic, stating that regulatory clarity could unlock the full potential of the U.S. cryptocurrency market. Garlinghouse recently noted, “The market is finally moving past the unlawful war against crypto,” highlighting the potential for a more supportive regulatory environment under Trump’s leadership. Read Also: Cardano Could Surpass Ethereum, Says Top Analyst XRP ETF Approval Could Boost Institutional Interest Another bullish catalyst for XRP is the possibility of an exchange-traded fund (ETF) approval. Legal analyst Jeremy Hogan has predicted that an XRP ETF could receive approval by mid-2025. Such a development is expected to attract significant institutional investment and provide further legitimacy to XRP. XRP Pulls Back to $1.10: What’s Next for the Price? Following its rise to $1.26, XRP’s price has retraced to $1.10, prompting analysts to closely monitor the $1 support level. Despite this dip, market sentiment for XRP remains positive. Analysts believe that as long as XRP holds above the $0.785 support level, the next price target could reach $2, which is seen as a critical psychological barrier. Seasoned market watcher Casi Trades noted, “Long-term prospects for XRP remain between $8 and $13, but caution is needed during short-term volatility. While technical indicators like the Relative Strength Index (RSI) hint at possible short-term price corrections, the broader outlook for XRP continues to be optimistic. Why XRP’s Journey Matters to the Crypto Market The trajectory of XRP’s price and legal battle with the SEC highlight the broader challenges and opportunities facing the cryptocurrency market. Ripple’s case could set critical precedents for the classification of digital assets. Additionally, an approved XRP ETF could revolutionize institutional involvement in the crypto space. As regulatory conditions evolve, XRP remains a token to watch for its potential to influence the future of the cryptocurrency landscape.
XRP Price Surge Sparks Speculation: Can It Reach $8?
The recent performance of XRP has reignited interest in its potential for massive price growth. XRP has surpassed the $1 mark, hitting $1.27 after doubling its value in just seven days. This milestone marks a return to prominence for the cryptocurrency, reminiscent of its 2021 bull market highs. XRP Gains Momentum Amid Regulatory Developments XRP has long been perceived as undervalued due to its prolonged legal challenges with the SEC. Analysts suggest that as regulatory clarity emerges and Ripple solidifies its position in the crypto industry, XRP’s suppressed potential is being unlocked. Many investors believe the cryptocurrency’s prolonged stagnation could soon lead to significant upward movement. Whales Accumulate XRP: A Sign of Confidence The behaviour of large XRP holders has played a vital role in this price surge. Analyst Armando Pantoja has observed an extraordinary level of accumulation among XRP whales. Within just one week, whales purchased 453.3 million XRP tokens, valued at approximately $526 million. This accounts for 18% of the token’s circulating supply. This level of whale activity has not been recorded in nearly three years, signalling increased confidence among large investors. According to Pantoja, this accumulation, combined with patterns such as Elliot Waves and speculation around regulatory changes, points to an imminent price breakout for XRP. Read Also: Shiba Inu Price Surge: Whale Activity and Market Trends Examined Price Targets for XRP: Could $8 Be Achievable? Key price levels have been identified as pivotal for XRP’s upward trajectory. Pantoja has highlighted $1.33 and $1.88 as critical breakpoints. Once these levels are breached, XRP could potentially retest its all-time high of $3.84. Looking beyond this milestone, the analyst predicts that XRP could reach price targets between $8 and $30 in the coming months or years. These projections are fueled by Ripple’s growing investor confidence and favourable market conditions. XRP’s Road to Potential Growth The recent surge in XRP’s price and whale activity suggests the cryptocurrency is poised for a significant breakout. As regulatory clarity improves and Ripple gains traction in the market, optimism around XRP continues to grow. With critical price levels in sight, the possibility of XRP reaching $8 or higher has become a topic of increasing discussion among analysts and investors alike. The crypto community awaits further developments that could shape XRP’s trajectory in the coming months.
XRP Trading Volume Soars: Price Rises 16% Amid Crypto Sell-Off
XRP trading volume jumped 81% in 24 hours amid a $504 million crypto sell-off. Moreover, bearish sentiment grew after Fed Chair Jerome Powell’s comments on interest rates triggered widespread selling. Additionally, the sell-off stemmed from profit-taking and the liquidation of leveraged positions. Massive Liquidations Hit Crypto Futures CoinGlass revealed that crypto futures saw $504 million in liquidations within 24 hours, with $358 million from long positions. Consequently, this liquidation wave added pressure on the market, affecting several major cryptocurrencies. Source: CoinMarketCap XRP defied the bearish trend, rising 16% in 24 hours to $0.822 and gaining 50% in a week. CoinMarketCap data shows its trading volume surged 86% to $11.7 billion, or 14.23 billion XRP, as traders seized on price swings. Related article: XRP’s Mixed Market Signals Amid Crypto Surge: Key Indicators to Watch for Future Growth XRP’s recent surge stems from advancements in the XRP Ledger ecosystem. Whale accumulation and new adoption plans have boosted investor confidence. French banking giant Société Générale-FORGE plans to launch its EURCV stablecoin on the XRP Ledger in 2025, using Ripple Custody for integration. This move aims to expand multi-chain adoption and complies with MiCA regulations. Whale Accumulation Hits Five-Year High Santiment data revealed significant whale activity, with wallets holding over one million XRP now owning 45.61 billion tokens, the highest since June 2018. Related article: XRP Pushes Past $0.64: On Track to Break Yearly High of $0.74? Over the past two years, whales and sharks increased their XRP holdings by 3.44 billion tokens, marking an 8.16% rise. XRP traders have enjoyed a positive 40% return over the past seven days, fueled by the cryptocurrency’s price growth and heightened trading activity. The combination of whale activity and ecosystem developments signals strong investor interest in XRP.
XRP Pushes Past $0.64: On Track to Break Yearly High of $0.74?
Ripple’s XRP has shown a consistent uptrend over the past week, reaching a two-month high of $0.64. The cryptocurrency has gained 19% in value, reflecting robust market interest and a possible target of its year-to-date high of $0.74. Analysts now question how quickly XRP can reclaim this peak. XRP’s negative exchange flow volume signals a reduction in selling pressure, supporting its continued rise. According to Santiment data, 39 million XRP tokens have been moved off exchanges into wallets as of Tuesday, reducing the immediate supply for sale. Such moves indicate a bullish signal, as fewer tokens available on exchanges typically mean lower selling pressure, which can drive prices higher. Open Interest and Funding Rates Strengthen Bullish Sentiment The rise in open interest has accompanied XRP’s price surge, with current levels at $989 million, marking a 13% increase in the past 24 hours. Open interest, which tracks open or unsettled contracts in the market, increases alongside the asset’s price, signaling that new liquidity is entering the market. This combination reinforces a bullish market outlook and suggests a possible continuation of the rally. Related article: XRP’s Mixed Market Signals Amid Crypto Surge: Key Indicators to Watch for Future Growth In addition, XRP’s funding rate remains positive, showing traders’ bullish sentiment toward further price gains. Currently at 0.047%, this funding rate reflects market bets on rising prices. Positive funding rates generally mean that more traders are taking long positions, confident in a continued price climb. Key Resistance at $0.66 and Path Toward $0.74 XRP currently trades at $0.64, close to a key resistance level of $0.66, which has proven challenging to surpass since July. If XRP’s bullish momentum sustains and demand strengthens, a breakthrough above this level could allow XRP to approach its year-to-date high of $0.74. A successful breakout and retest of $0.66 would further validate the bullish trend. Source: CoinMarketCap However, any weakening in bullish pressure could cause a price correction. Should XRP fail to hold its current momentum, it risks a decline below $0.60, which would invalidate the current bullish outlook. Ripple’s recent performance reflects strong investor confidence, with reduced selling pressure, rising open interest, and positive funding rates collectively building a case for a potential move to higher levels. XRP’s price action in the coming days will determine whether it can overcome key resistance and set a new high for 2024.
XRP’s Mixed Market Signals Amid Crypto Surge: Key Indicators to Watch for Future Growth
Recent data from CoinGlass shows that XRP’s Open Interest (OI) has declined by 0.72% over the past day, with 1.46 billion XRP now active in futures trading. This drop in OI indicates fewer derivative contracts held, suggesting reduced trader exposure to XRP despite a slight 0.66% price increase to $0.5512. XRP OI Drop Contrasts with Other Assets: Market Sentiment Insights While XRP’s OI has declined, assets like Solana have substantially risen. Solana’s OI is up by over 14%, surpassing $4 billion in active positions. This contrast may reflect a lack of confidence in XRP’s short-term movement, as its price remains within tight ranges, indicating limited immediate momentum. Read Also: Toncoin (TON) Consolidates with Bullish Potential After U.S. Election Results, Surges by 0.76%: 24-Hour Price Analysis Legal Challenges Weigh on XRP’s Trajectory XRP’s journey is impacted by ongoing legal battles with the U.S. Securities and Exchange Commission (SEC). Some market analysts believe regulatory challenges could shift into opportunities if political changes, such as a potential SEC leadership change, occur. Legal outcomes will remain crucial, as they could significantly affect market perception and trading behaviours around XRP Key Growth Indicators for XRP: Whale Transactions and Market Trends In the current market, monitoring XRP whale transactions has become essential, as large trades might signal shifts in sentiment and potentially hint at directional price changes. Whale activity may offer vital insights as the broader crypto market fluctuates, helping traders anticipate upcoming trends for XRP. Ripple Labs’ Projects and Their Potential Market Impact Ripple Labs’ ongoing projects, including advancements around its RLUSD stablecoin, continue to influence XRP’s outlook. If Ripple maintains its innovation and major assets like Bitcoin remain strong, XRP could see an increase in growth potential, aligning with broader positive market trends.
Top Attorney Reveals Why XRP Lags as Worst Performer in Top 10 Cryptos
XRP’s underperformance has been explained by Attorney Bill Morgan, who responded to recent criticisms of the cryptocurrency’s lag behind Bitcoin. Despite a recent surge in the broader crypto market, XRP has struggled to keep pace. XRP Criticized for Weak Price Action Compared to Bitcoin As Bitcoin surged past $76,000 to reach a new all-time high, an XRP critic highlighted XRP’s struggles. This critic noted that while Bitcoin has doubled in value over the past year, XRP has dropped by nearly 25% during the same period. XRP’s lacklustre performance was pointed out as a contradiction to claims that it has a high potential for price gains. Attorney Bill Morgan’s Insight on XRP’s Decline In response to these criticisms, Attorney Morgan acknowledged XRP’s weak performance, confirming it as the worst performer among the top 10 cryptocurrencies over the past year. He attributed XRP’s ongoing struggles to the legal case between Ripple and the U.S. Securities and Exchange Commission (SEC), which has been ongoing since December 2020. This lengthy lawsuit has continued to weigh on XRP’s price, with some still associating XRP with Ripple despite regulatory complications. Morgan further noted that certain publications, like Forbes, continue to refer to XRP as “Ripple.” According to Morgan, this misconception has maintained bearish sentiment around XRP. XRP’s Position in the Crypto Market Despite XRP’s price underperformance, it remains among the top 10 largest cryptocurrencies by market capitalization. XRP ranks as the seventh-largest crypto, boasting a market cap of $31.49 billion. XRP’s trading volume recently rose 0.12% to $1.94 billion, suggesting continued interest among crypto investors. As of the latest data, XRP trades at $0.5537, reflecting a 3.97% increase in the past 24 hours. Read Also: SEC Crypto Crackdown Could Ease Under Trump Administration, Analysts Predict Ripple v. SEC: Lawsuit Status and Future Outlook The Ripple v. SEC lawsuit remains in progress, and the case has been moved to the U.S. Court of Appeals for the Second Circuit. The SEC has been directed to file its appellate brief by January 15, 2025, and Ripple’s opposition will follow. Ripple also intends to file a cross-appeal concerning the court’s earlier ruling on XRP’s institutional sales being deemed securities. Some XRP community members are hopeful that a new SEC administration under President Donald Trump might settle with Ripple. However, if no agreement is reached, the lawsuit could extend until 2026, impacting XRP’s price performance.
