XRP Ledger's payment volume fell sharply by about 90% following an unusual spike to over 600 million XRP on August 7. This drop reflects a return to normal activity levels rather than a structural decline in network usage. XRP's price remains under pressure, trading around $1.036 and facing resistance at higher moving averages. Despite the volume drop, the network's usage pattern shows episodic spikes, so the recent decline is not a critical warning for XRP Ledger's health.
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...
