XRP's price surged from about $1 to $1.70, causing its market capitalization to rise by $43.74 billion while net exchange inflows were only $44.3 million over two days. This highlights how thin liquidity can cause large price swings, as few sellers were available until XRP approached $1.60-$1.70. The 986x market-cap multiplier illustrates that market cap gains don't directly reflect new cash entering the asset but rather price changes multiplied by circulating supply. Analysts remain cautious with price targets, noting technical levels like $1.54 and $1.70 as key resistance points, and warn that the same liquidity dynamics can amplify price drops.
Analyst Kayne outlines a potential Elliott Wave path for XRP starting from the $1.20-$1.25 range. The scenario involves XRP holding this base level, then moving through several stages: rising to $1.50-$1.52, pulling back to around $1.40, advancing to...
The US midterm elections on November 3 will determine control of the House and Senate, influencing the fate of key crypto legislation like the CLARITY Act. Markets largely expect Democrats to retain the House and possibly the Senate, pricing in limit...
Crypto analyst EGRAG CRYPTO shared an XRP price chart highlighting a possible major upward movement described as the "BIGGEST WAVE 3" based on Elliott Wave theory, which organizes price trends into five-wave patterns. An earlier scenario suggested XR...
Lawyer Bill Morgan criticized Ripple's XRP escrow practice, arguing that instead of returning unused monthly token releases to escrow, Ripple could have distributed them. Ripple set up 55 billion XRP in 55 contracts in December 2017, each holding 1 b...
Crypto commentator Zach Rector suggests that current complaints about XRP's price could be a contrarian indicator, meaning frustration might precede a price increase. XRP was noted at $1.25 as of Nov. 2 in a daily price table, but this is not a trade...
