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XRP Hits 4-Month Low on 14th Anniversary as Outflows Rise
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.