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XRP has dropped to a 15-month low, testing key support levels. Analysts highlight potential accumulation zones and long-term upside.
Ripple unlocked 1 billion XRP tokens valued at $1.63 billion as part of its monthly funding strategy, with 300 million tokens now reserved for February operations.
During the CNBC Crypto World show, an on-air graphics error showed the XRP price surging 6,500% all the way to $126.
XRP is hovering around $1.88, well below its 200-day moving average, as buyers defend key support.
Analysts point to a triple bottom formation for XRP price, with a base formation at $1.90, and hint at the end of a long consolidation phase.
Evernorth partners with t54 Labs to use AI for yield generation on its $1B XRP Treasury across the XRP Ledger.
Social data shows “extreme fear” for XRP, but price movements and institutional inflows prove otherwise.
U.S. XRP ETFs saw $53M in outflows amid bearish crypto sentiment. XRP struggles below $2, with analysts warning of a potential drop to $1.
XRP’s price has been in freefall after being rejected at $2.40 last week, with some analysts predicting a further crash to $1.
XRP’s price fell about 4%, breaking the $2.00 support, but analysts remain bullish on a potential 5x upside from the multi-year breakout zone.
XRP drew fresh inflows as crypto funds saw $454 million in outflows, with investors cutting Bitcoin exposure amid fading US rate cut hopes.
XRP has held above the $2 support level as treasury firm Evernoth announced collaboration to improve activity on XRPL.
US-listed spot XRP ETFs saw their first net outflow of $40.7 million on Jan. 7, ending a 6-7 week streak of continuous inflows.
Ripple has ruled out an initial public offering, with President Monica Long stating the company does not need public market capital to fund growth.
XRP dipped to $2.27 after WisdomTree withdrew its XRP ETF filing, even as US spot XRP ETFs continued to attract fresh inflows.