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Latest XRP token updates and Ripple news insights

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XRP Payment Volume Declines Amid Market Uncertainty

According to U.Today, the volume of XRP payments between accounts has significantly decreased over the past four days, dropping by more than two million. This decline follows a period of heightened activity on the XRP Ledger, raising concerns about the sustainability of the recent price increase and on-chain performance. Earlier this month, XRP experienced a notable rise in active accounts, completed transactions, and XRP burned on fees, coinciding with a remarkable price spike. However, the recent drop in payment volume may suggest a halt in transactions or a shift in market participant behavior. In early November, the payment volume graph displayed significant peaks, likely driven by increased trading and whale movements, but these have since diminished. The inability of XRP to maintain its steep upward trajectory could indicate that the buying momentum has waned. A decline in payment volumes is often linked to institutional and retail participants not following through. Despite this, XRP has managed to maintain a trading level of approximately $1.11, following its impressive rise from $0.50 earlier this month. This stability, despite reduced payment volume, suggests that the overall market sentiment remains cautiously optimistic. The volume profile supports this view, showing lower trading activity compared to the rising phase. Additionally, the asset remains in the overbought zone according to the Relative Strength Index (RSI), which could indicate a potential correction. Key levels to monitor include $0.90 and $0.78 if XRP fails to maintain support at $1.00. Despite the current on-chain situation, XRP continues to be one of the strongest assets in the market and could potentially lead a swift market ascent.
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Altcoin News: Why Is XRP Price Down Today? Profit-Taking and Controversies Weigh on Sentiment

XRP has seen a sharp price correction, dropping 6.55% in the last 24 hours to $1.10 on Nov. 19. This pullback comes after retesting a three-year high of $1.26, driven by profit-taking and controversy surrounding Ripple Labs.Profit-Taking After Overbought RallyXRP’s price has cooled following a staggering 149% rally in November, primarily fueled by market optimism after Donald Trump’s reelection. The rally pushed XRP’s relative strength index (RSI) above 70, signaling "overbought" conditions.An overbought RSI often triggers profit-taking, leading to a price correction or consolidation. XRP has formed a bull pennant on the four-hour chart, hinting at a potential rally to $1.57 by December if the price breaks above the pennant’s upper trendline. However, breaking below the lower trendline could see XRP drop to its 50-4H EMA at $0.52 — a nearly 50% downside.Ripple-Trump Meeting Sparks ConcernsXRP’s decline coincides with rumors of a meeting between Ripple Labs CEO Brad Garlinghouse and President-elect Donald Trump. The news has sparked concerns in the crypto community, with critics warning of Ripple’s perceived alignment with centralization, including its potential association with central bank digital currencies (CBDCs).Prominent crypto figures, including Ryan Selkis and Pierre Rochard, have accused Ripple of promoting anti-Bitcoin narratives. This perception has fueled skepticism among investors, potentially pressuring XRP’s market dominance, which has seen a decline during this correction.Outlook for XRPDespite the correction, XRP’s technical setup remains bullish if it holds above the pennant’s lower trendline. Traders are eyeing $1.57 as the next key target, representing a potential 40% upside. However, controversies and market sentiment could introduce further volatility.As the market digests Ripple-related news, investors remain cautious, balancing technical optimism with the broader regulatory and narrative concerns surrounding XRP, according to Cointelegraph.
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XRP Price Surge Sparks Interest Amid Market Developments

According to U.Today, the cryptocurrency XRP has captured significant attention recently, experiencing a remarkable price surge of over 80%. This surge propelled XRP to a peak of $1.265 per token, marking its highest value in three years. The renewed interest in XRP is attributed to both the fervent market response and regulatory developments within the U.S. political landscape. This combination has driven the token to gain unprecedented momentum and attention. The recent price movement has seen XRP break out of a prolonged triangle accumulation pattern that has persisted since 2018. This breakout is considered one of the most significant in XRP's history, suggesting that the current rise may not yet be over. Despite a healthy 20% correction to $1, where buying interest re-emerged, the token's price trajectory remains promising. A golden cross is forming on XRP's weekly price chart, a pattern where the 50-day moving average crosses above the 200-day moving average. This formation is often seen as a bullish indicator, suggesting potential for further price increases. The occurrence of a golden cross on a weekly chart is rare, especially for an asset like XRP, which has a trading history spanning over a decade. However, it is important to note that while a golden cross can signal an upcoming rally, it can also mark the end of a price surge, as seen in April 2021 when XRP's price peaked at $1.97 after a similar pattern. Despite this, the current market dynamics and technical indicators suggest that XRP's recent price action could lead to further gains, keeping investors and market participants closely watching its developments.
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XRP Surpasses $1 Mark, Overtakes Dogecoin In Market Capitalization

According to U.Today, XRP has experienced a significant surge, surpassing the $1 mark and reaching a three-year high. This increase has propelled XRP to the sixth position in the cryptocurrency rankings by market capitalization, overtaking Dogecoin. The cryptocurrency's price has soared by over 85% in the past week, reaching a peak of $1.268, a level last seen on November 11, 2021. The surge is attributed to favorable regulatory developments and increased activity from large holders, commonly referred to as 'whales.' The ongoing legal battle between the SEC and Ripple has significantly impacted XRP. However, recent developments suggest a potentially more favorable regulatory environment. A lawsuit filed by a coalition of state attorneys general and the DeFi Education Fund against the SEC challenges the regulator's authority over digital assets, indicating a shift in the regulatory landscape. According to Santiment, the recent price rally is driven by key whale and shark wallets holding between 1 million to 100 million XRP tokens. This group has accumulated an additional 453.3 million XRP, valued at $526.3 million, over the past week. While large holders are increasing their XRP holdings, retail traders have been selling off their tokens during minor rallies. Wallets with less than a million XRP have offloaded 75.7 million tokens, worth $87.9 million, during this period. Historically, when key stakeholders increase their holdings, it often leads to favorable market cap growth, which is currently the case for XRP. The cryptocurrency's market capitalization has risen to $60.39 billion, surpassing Dogecoin's $53.29 billion, and marking a significant milestone as it breaks the psychological $1 level. The bullish momentum for XRP is seen as a strong positive signal, with potential resistance levels at $1.50 and $2 if the upward trend continues. However, there is a possibility of a price retracement if profit-taking occurs. In such a scenario, support is expected around the $1 mark in the intermediate term. The recent developments and market dynamics highlight the volatility and rapid changes in the cryptocurrency landscape, with XRP's recent performance underscoring its potential for further growth.
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XRP Surges Amid Increased Whale Accumulation And SEC Speculation

According to U.Today, XRP has experienced a significant surge, rising over 40% in the past week and reaching a four-month high of $0.847. This increase coincides with notable activity from major XRP holders, often referred to as whale and shark wallets. These wallets, which hold at least one million XRP each, now collectively possess 45.61 billion tokens. This marks the highest level of accumulation since June 2018, as these wallets have added 3.44 billion XRP over the past two years, representing an 8.16% increase in their holdings. This trend suggests growing confidence among large investors in the long-term value of XRP. The recent bullish rally has resulted in a strong return for investors, with a 40% increase in XRP's market value over just seven days. The price has climbed above $0.82, maintaining its upward momentum. This activity is occurring amid speculation about potential changes at the U.S. Securities and Exchange Commission (SEC), with rumors circulating that current chairman Gary Gensler might step down. Such a development could significantly impact the regulatory environment for cryptocurrency markets. XRP, the token associated with Ripple, has been at the center of high-profile legal battles, and its future is closely tied to ongoing legal and regulatory developments. The recent surge in XRP's value and the increased accumulation by large holders reflect a complex interplay of market dynamics and regulatory speculation, highlighting the evolving landscape of the cryptocurrency market.
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Ethereum And XRP Show Distinct Performance Patterns In Cryptocurrency Market

According to U.Today, Ethereum and XRP, two prominent names in the cryptocurrency sector, have exhibited unique market behaviors since their inception. Ethereum, the second-largest cryptocurrency by market capitalization, has not consistently outperformed XRP despite its recent growth and achievements in various sectors. Initially priced much lower, Ethereum has seen a significant price increase, currently trading around $3,200 following a recent surge. In contrast, XRP, which has faced market stagnation and regulatory challenges, is trading at approximately $0.66. Despite this price gap, XRP has garnered substantial community support and experienced remarkable market surges, particularly in its early years.Ethereum's recent upward trend has been steady, surpassing key moving averages and maintaining strong support between $2,700 and $2,800. This growth has attracted investor interest but also raised concerns about its sustainability at such high levels. On the other hand, XRP has shown more volatility, with rapid corrections and upward movements. The asset recently tested resistance levels at $0.74 but failed to maintain them due to increased selling pressure. Despite ongoing regulatory issues, the XRP community remains optimistic about its future.Technically, Ethereum's growth is attributed to its increasing adoption and use in smart contracts and decentralized finance, leading to more stable and sustainable development. XRP, however, is more susceptible to sudden fluctuations driven by speculative trading and legal developments. While Ethereum has achieved broader utility and network value, XRP has demonstrated resilience within its niche community, overcoming various challenges. Both cryptocurrencies have experienced significant price movements, highlighting their distinct yet important roles in the evolving cryptocurrency landscape.
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XRP Price Faces Potential Correction Amid Spinning Top Pattern

According to U.Today, the recent price action of XRP has formed a spinning top candlestick pattern, a signal often associated with market indecision. This pattern typically follows a significant price movement and suggests a possible pause or reversal in the trend. For XRP, this could mean that the recent upward surge might be slowing down, with a period of correction or consolidation potentially on the horizon. XRP has recently achieved notable progress by breaking through several resistance levels and reaching a high of approximately $0.72. However, the emergence of the spinning top pattern indicates that a pullback might be imminent. To maintain its upward momentum, XRP needs to stay above crucial support levels. The immediate support level to monitor is $0.60, which, if held, could allow XRP to consolidate and prepare for another upward move. Should XRP fall below this level, a larger retracement targeting the $0.55 support level, aligned with the 50-day moving average, may occur. This level is crucial for bulls to defend, as a drop below it could lead to a prolonged correction. For XRP to continue its upward trend, it must break clearly above the recent high of $0.72. A successful breakout could enable XRP to test the next resistance zone between $0.75 and $0.78. Beyond this, psychological levels such as $0.80 would become significant resistance hurdles. The short-term trajectory of XRP will also be influenced by the overall state of the cryptocurrency market and the trading volume of XRP. If high trading volume and bullish sentiment counteract the bearish implications of the spinning top pattern, the rally may persist.
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XRP Trading Volume Surges Amid Market Rally

According to U.Today, XRP, the eighth-largest cryptocurrency by market capitalization, has experienced a significant increase in trading volumes over the past 24 hours. Data from CoinMarketCap reveals that XRP's trading volume surged by 103.21%, with 7.45 billion XRP traded, amounting to $4.37 billion. This uptick in activity aligns with a broader market surge, highlighted by Bitcoin reaching an unprecedented all-time high of $82,444. This milestone for Bitcoin has spurred demand for other altcoins, including XRP, which has been on the rise since November 4, driven by bullish market sentiment.In recent trading sessions, XRP saw a notable price increase, climbing from lows of $0.55 to highs of $0.613, forming a significant green candlestick. However, XRP has since relinquished most of its daily gains as it encountered resistance at $0.613. At the time of writing, XRP was up by just 0.29% over the last 24 hours, trading at $0.586, and showing a 15% increase on a weekly basis. Despite these gains, XRP's performance remains lackluster compared to other top 10 cryptocurrencies, both on daily and weekly time frames. This raises questions about whether bulls are preparing for further moves, as traders may be considering taking profits following the recent rally.Notably, XRP's price has formed a golden cross on its four-hour charts, suggesting potential short-term price gains if this signal is confirmed. However, this moving average-based indicator is often criticized for being a lagging signal that could mislead traders. Currently, the XRP rally has pushed it above the daily moving averages of 50 and 200, at $0.545 and $0.537, respectively. XRP reached highs of $0.618, but bulls were unable to sustain the momentum, causing the price to drop to lows of $0.57 in today's trading session.Looking ahead, a further price decline may find support near the daily SMA 50. If bears succeed, XRP's price could fall to $0.53, a level expected to attract buyers. Should XRP recover strongly from this critical level, bulls might attempt to push the price to $0.64. Conversely, if XRP surpasses $0.618, the price could target $0.664, followed by $0.74.
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XRP Trading Volume Rises Amid Market Optimism

According to U.Today, XRP, the seventh largest cryptocurrency by market capitalization, has experienced a notable increase in trading volume, reaching $1.47 billion or 2.62 billion XRP, as reported by CoinMarketCap. This marks a 7% rise in volume over the past 24 hours. This week, XRP witnessed a price reversal after a period of stagnation, breaking through significant barriers that had previously hindered its progress. Following a recent consolidation phase, XRP's price surged over four days, reaching $0.57 during Thursday's trading session. Despite encountering resistance at this level and experiencing a slight pullback, XRP has gained 8% over the week. The recent price movement has sparked renewed interest in XRP, with traders and investors closely observing its trajectory. The 7% increase in trading volume, although modest, indicates a gradual re-engagement by market participants, which is a positive sign for XRP. The cryptocurrency's recent rise is part of a broader wave of optimism in the crypto market, highlighted by Bitcoin's surge past $77,000 towards the end of the week. XRP's rally saw it surpass the daily SMA 50 and 200, which had previously restricted its price movement. However, the price declined after reaching $0.57, confirming short-term resistance at this level. If the current trend continues, it would mark the second consecutive day of losses if the day closes in red. Despite this, traders remain focused on potential breakout levels. The $0.57 mark has emerged as a critical point for bulls, who may be preparing for another attempt to push the price higher. If XRP manages to break through this resistance, it could target higher levels, potentially reaching $0.665 and even $0.748. However, further consolidation or minor corrections might occur before a sustained rally can be achieved. This optimistic outlook could be invalidated if XRP falls below its daily moving averages of 50 and 200, suggesting an extended-range trading scenario with support near $0.487. At the time of writing, XRP was down 0.55% over the last 24 hours, trading at $0.5488.
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VanEck Launches Pyth ETN in Europe

According to Cointelegraph, VanEck has introduced an exchange-traded note (ETN) in Europe that tracks the performance of the Pyth Network's native token, PYTH. This new financial product will be available on Euronext Amsterdam and Euronext Paris, providing access to investors across 15 European countries, including Germany, France, Norway, and Switzerland.The Pyth Network is a decentralized oracle protocol that facilitates the interaction of smart contracts with off-chain data and other blockchain networks. PYTH serves as the governance token for the Pyth Network and boasts a fully diluted market capitalization of approximately $3.4 billion, as reported by CoinMarketCap. Martijn Rozemuller, CEO of VanEck Europe, emphasized the growing importance of blockchain-based smart contracts in the financial sector, highlighting the critical role of oracle networks in enabling real-world applications for these contracts. Rozemuller further noted the potential of the Pyth Network to become a vital component of decentralized finance application infrastructure.An ETN is a debt instrument that tracks the performance of an underlying asset. The VanEck Pyth ETN is designed to align with the MarketVector Pyth Network VWAP Close Index and is fully collateralized with physical PYTH tokens. These tokens are held by Lichtenstein-based custodian Bank Frick. VanEck has previously launched over a dozen exchange-traded cryptocurrency products in Europe, covering digital assets such as Solana (SOL) and Chainlink (LINK). In the United States, VanEck has also introduced two spot crypto exchange-traded funds (ETFs): VanEck Bitcoin ETH (HODL) and VanEck Ethereum ETF (ETHV).The outcome of the United States presidential election on November 5 could influence the approval of several proposed crypto ETFs awaiting regulatory clearance. In 2024, asset managers submitted numerous filings to list ETFs holding altcoins, including Solana (SOL), XRP (XRP), and Litecoin (LTC). Additionally, issuers are seeking approval for various planned crypto index ETFs designed to hold diverse baskets of tokens.
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XRP Trading Volume Surges Amid Market Recovery

According to U.Today, XRP, the seventh-largest cryptocurrency by market capitalization, has experienced a significant increase in trading volumes, rising by 54% as the cryptocurrency market attempts to rebound from a recent $225 million sell-off. The market witnessed nearly $225 billion in liquidations over the past 24 hours, with crypto futures experiencing approximately $133 million in long liquidations. This was largely due to Bitcoin's decline to lows of $67,444, which resulted in losses across major tokens. CoinMarketCap data indicates that XRP's trading volume reached $1.04 billion in the last 24 hours, equivalent to 2.03 billion XRP, marking a 55% increase. This surge in activity may be attributed to heightened market participation following a period of intense selling pressure.The broader cryptocurrency market is currently showing signs of recovery, with several crypto assets returning to positive trading territory. Bitcoin, for instance, surged past $69,000 during Monday's trading session. This positive sentiment has extended to XRP, driving up trading volumes as traders and investors seek to capitalize on the upward momentum. The increase in trading volumes has also positively impacted XRP's price, which rose by 2.29%, trading at $0.512 at the time of reporting.Ripple recently released its Q3 XRP Markets Report, providing transparency and updates on the company's perspective on the state of crypto markets and relevant XRP Ledger and XRP-related announcements. Key highlights from the report include the affirmation that XRP's status as a nonsecurity remains unchanged. Ripple filed its Form C in response to the SEC's appeal, which does not address whether XRP is a security. The ongoing legal action by the SEC against Ripple appears to be a significant factor influencing XRP's price. Additionally, Bitwise, Canary, and 21Shares have all filed S-1s for XRP ETFs, indicating strong institutional interest in XRP investment products. Leading issuer Grayscale has launched an XRP Trust and filed to convert a multi-coin fund that includes XRP into an ETF.
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XRP Shows Bullish Pattern Amid Market Developments

According to U.Today, XRP, the token associated with Ripple, is experiencing a positive trading trend after forming a bullish pattern. The 100eyes Crypto Scanner, a technical analysis alert service, identified a bullish divergence for XRP, the seventh-largest cryptocurrency by market capitalization. This divergence indicates that the relative strength index (RSI) has made a higher low, even though the price recorded a lower low on the four-hour chart, suggesting a decrease in bearish momentum.The cryptocurrency has successfully reclaimed the critical $0.50 level after previously dropping to an intraday low of $0.49. XRP's movement has been in sync with Bitcoin, which recently regained the $69,000 mark. During the third quarter, XRP gained some ground against Bitcoin, as highlighted in Ripple's latest report. Last month, XRP faced a sharp sell-off following the SEC's decision to appeal the Ripple case, but the downturn was brief.Despite the SEC's appeal being a setback for Ripple, the agency has clarified that it will not argue that XRP itself is a security. This provides XRP with legal clarity similar to Bitcoin, which the SEC has consistently recognized as a commodity. Additionally, XRP is making strides into mainstream finance, with several spot ETF filings in the US. A recent filing by 21Shares explicitly stated that XRP is not a security, although the potential for it to be classified as such in the future was noted as a risk factor.
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