XRP traded near $1.38 at the end of August, down slightly after a strong rally in August that saw prices peak near $1.70. To reach the $2 mark, XRP must rally about 45%, with key resistance levels at $1.55 and $1.70 to clear first. Institutional interest remains high, with U.S. spot XRP ETFs attracting a record $110.49 million in inflows during the last week of August, totaling $1.66 billion cumulatively. This strong ETF demand contrasts with the recent price pullback, suggesting sustained institutional confidence despite short-term corrections. XRP's near-term price action will depend on reclaiming support around $1.35 and breaking resistance near $1.55 to resume upward momentum toward $2.
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...
