XRP (Ripple) is showing signs of vulnerability with over $2.16 billion in new long positions recently opened, despite technical weakness and low institutional interest compared to Ethereum. XRP has dropped below the critical $1 level, increasing the risk of a significant long squeeze if bulls fail to reclaim this price. While some on-chain data suggest growing network activity and potential for a rebound, the current setup points to a risky bet on XRP's price recovery in the near term. Investors should watch for a possible break below $0.98 if selling pressure intensifies.
John Lilic, founder of Tria, suggests Ripple's XRP could rival Ethereum by tapping into a massive payments market. By partnering with Visa or Mastercard to offer credit cards backed by Ripple's RLUSD stablecoin and integrating neobanking services, Ri...
Crypto analyst JD identified XRP as forming a multi-year ascending triangle pattern on its two-week chart, with rising lows since 2020 and resistance between $3 and $3.50. This technical pattern suggests a potential breakout above the resistance leve...
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...
