In a recent statement on X, prominent crypto lawyer John Deaton, renowned for his pro-XRP stance, explained what he believes must happen before XRP can take off significantly from its current position of around $0.65. 
Read more on: https://thecryptobasic.com/2023/12/07/expert-explains-what-must-happen-before-xrp-runs-up/
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XRP price is struggling below $0.640 against the US Dollar, unlike Bitcoin. The price could decline further if it settles below the $0.612 support in the near term.XRP price started a fresh decline below the $0.650 zone against the US dollar.The price is now trading below $0.640 and the 55 simple moving average (4 hours).There was a break below a key bullish trend line with support at $0.660 on the 4-hour chart of the XRP/USD pair (data source from Bittrex).The pair could extend losses if it breaks the $0.612 support zone.XRP price is struggling below $0.640 against the US Dollar, unlike Bitcoin. The price could decline further if it settles below the $0.612 support in the near term.XRP Price AnalysisIn the past few hours, Ripple’s XRP price started a fresh decline from well above $0.670 against the US Dollar. The XRP/USD pair gained bearish momentum below the $0.655 level.The bears were able to push the price below the $0.650 support. There was a break below a key bullish trend line with support at $0.660 on the 4-hour chart of the XRP/USD pair. The pair broke the 61.8% Fib retracement level of the upward move from the $0.5850 swing low to the $0.7006 high.The price is now trading below $0.640 and the 55 simple moving average (4 hours). Initial support on the downside is near $0.612. It is close to the 76.4% Fib retracement level of the upward move from the $0.5850 swing low to the $0.7006 high.The next major support is near the $0.600 level. Any more losses could lead the price toward the $0.585 level, below which the price might even test $0.550.On the upside, the price is facing resistance near $0.6375 or the 55 simple moving average (4 hours). The next major resistance is near the $0.642 level. A clear move above $0.642 might start a fresh increase. In the stated case, the price could even surpass the $0.650 resistance. Any more gains might send the price toward the $0.685 resistance.Looking at the chart, XRP price is now trading below the $0.640 zone and the 55 simple moving average (4 hours). Overall, the price could extend losses if it breaks the $0.612 support zone.Technical indicators4 hours MACD – The MACD for XRP/USD is now gaining momentum in the bearish zone.4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is below the 50 level.Key Support Levels – $0.612, $0.600, and $0.585.Key Resistance Levels – $0.6375 and $0.650. #XRPBreakout #XRPInvestment

Billionaire pro-Bitcoin investor Mike Novogratz has expressed his newfound appreciation for XRP and Ripple. 
Read more on: https://thecryptobasic.com/2023/12/11/billionaire-bitcoin-investor-mike-novogratz-says-xrp-army-is-real/
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Ripple’s XRP token has faced a steep correction in the weekly charts, falling over 9.1%. Moreover, the cryptocurrency is down by almost 7% over the previous month. Nonetheless, XRP is still up by 65.5% since January 2023.Source: CoinGeckoHowever, despite the recent correction, analyst Egrar Crypto believes XRP can rally 40x. The analyst highlights how the token rallied 20x in the previous cycle despite Ripple facing a lawsuit from the US SEC (Securities and Exchange Commission). This time, Egrag Crypto believes, with more legal clarity, XRP could rally 40x or 50x.A 40x growth from current levels would take XRP’s price to about $11, growing more than 1800%. On the other hand, a 50x growth would take the token to $14, a growth of over 2350% from current levels.When can Ripple’s XRP surge to $11 or $14?Source – AscendEXXRP still faces some regulatory uncertainty, given that the SEC vs. Ripple lawsuit has entered the high court. The asset’s price will likely not rally to such highs without the high court ruling. Ripple received a favorable ruling from a district court, which said that selling XRP to retail clients did not breach securities laws. There is a chance that the high court will take a similar stance. In such a scenario, we may see a sudden surge in XRP’s price.According to Changelly, XRP won’t breach $11 till at least 2031. Moreover, the platform anticipates XRP to hit $14 sometime between 2031 and 2032.Telegaon also paints a similar picture for XRP. The platform anticipates XRP to hit $10 in 2030 and $11 and $14 sometime between 2030 and 2035.However, if we enter a 2021-like bull run this year, we may see Ripple’s XRP hit new highs sooner than previously anticipated.#XRPBullRun #XRPBreakout

XRP has captured the attention of several notable market watchers, with prominent Bitcoin (BTC) analyst Muro being the latest to express sustained interest in the asset.
Read more on: https://thecryptobasic.com/2023/12/07/top-bitcoin-analyst-says-its-now-or-never-for-xrp/
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Popular U.S.-based exchange Kraken files a motion to intervene in the ongoing Zakinov v. Ripple lawsuit, which alleges that XRP is a security.
Read more on: https://thecryptobasic.com/2023/12/25/kraken-intervenes-in-lawsuit-claiming-xrp-is-a-security/
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XRP’s all-time high was recorded on January 4, 2018, at $3.84. This peak is a significant milestone in XRP’s history and serves as a benchmark for its potential. The lowest value of XRP was around $0.0028, observed back in 2014. Since then, XRP has seen substantial growth.In contrast, XRP’s performance has been relatively modest. Currently, XRP is trading at approximately $0.623, with a 20% increase over the last 60 days. While this growth is positive, it pales in comparison to its counterparts like Bitcoin, Ethereum, and Solana.There is a strong possibility that XRP could reach the $1 mark. Considering its historical performance and its tendency to mirror Bitcoin’s movements, XRP could potentially see its price moving towards the $0.88 to $1 range. This prediction hinges on the continued bullish trend in the broader crypto market and Bitcoin maintaining its upward momentum.#xrp #XRPBullRun #XRPBreakout #CRPTO #BullishAltcoins

XRP has witnessed its most substantial price decline since August 2023, as prices steadily dwindle, diminishing hopes for the asset's sole redemption.XRP recently underwent a significant price plummet, marking a notable event not witnessed since August. Within a brief timeframe, an extensive price wick, as depicted in the chart, led to the liquidation of substantial sums in derivatives. This unforeseen downturn abruptly obliterated the previously steady accumulation phase that XRP had been undergoing, catching traders by surprise and disrupting multiple trading portfolios.A careful analysis of the chart unveils that, following a consolidation period within a contracting price range – a pattern often construed as accumulation by traders – XRP experienced a sharp breakdown. The extended downward wick signifies an abrupt sell-off, propelling prices to drop rapidly. This type of price action typically signifies a market where sellers have overwhelmed buyers, triggering widespread liquidations as stop-loss orders are activated en masse.The abrupt reversal has cast a shadow over the short-term recovery prospects of XRP. With the accumulation phase rendered ineffective, the market now grapples with the altered reality of invalidated bullish setups. This implies a considerable dent in confidence regarding the asset's immediate growth potential, requiring time for investor sentiment to rebuild and the market to regain stability.Nevertheless, such drastic price movements often stir the market, resulting in heightened trading activity. The surge in volatility post-drop could attract fresh funds and opportunistic traders seeking to capitalize on the new, lower price levels. Market participants might perceive this as a discounted entry point, potentially injecting liquidity and prompting a degree of price correction.Ethereum gains strength against BitcoinShifting attention to Ethereum, there's a noteworthy strengthening observed against Bitcoin. Many analysts consider the ETH/BTC chart as a pivotal indicator for assessing market risk exposure. Historically, it reflects Ethereum's performance compared to the more established Bitcoin. Until recently, this metric had been on a decline, indicating Ethereum lagging behind Bitcoin and signaling a more cautious market sentiment toward Ethereum's future prospects.Nonetheless, a shift in dynamics is becoming apparent. The ETH/BTC pair has established a "higher low" pattern, a significant development suggesting a potential weakening of the preceding downtrend and hinting at a potential reversal. The emergence of this higher low implies that Ethereum is gaining strength relative to Bitcoin, potentially signaling an imminent rally.The accompanying chart illustrates this potential turning point. Although Ethereum's price still displays volatility, there are indications of stabilization and a potential preparation for an upward movement. The convergence of moving averages and the stabilization of the RSI suggest a diminishing selling pressure, hinting at a possible shift in momentum favoring the bulls. If Ethereum can sustain this critical higher low formation, it might attract risk-tolerant investors back into the market, enhancing sentiment around the Ethereum ecosystem.Shiba Inu is off the leashShifting focus to Shiba Inu, the meme token has recently experienced its most substantial price drop since 2022. This abrupt decline in SHIB's value has surprised investors and prompted concerns about the token's resilience and future. The chart analysis of SHIB's recent price action reveals a pronounced sell-off, with the asset breaking below key support levels.The extended price wick, reaching well below the consolidation zone, indicates a rapid and large-scale exit from the asset, resulting in the sale of millions worth of SHIB within a short period. This sharp downturn not only rattled the market but also nullified the prior accumulation phase, disrupting numerous trading setups.The magnitude of this price drop could signify a broader funds migration, with investors potentially diverting from high-risk meme coins like SHIB towards more established and "serious" assets. This shift might be part of a larger trend within the crypto market, as participants seek stability amid economic uncertainty and increased regulatory scrutiny.#XRPBreakout #dyor

Ripple XRP was a slow-growing crypto following its court battle with the SEC last year. Despite its sluggish growth, XRP is expected to continue its rise on the charts in 2024, with multiple price predictions showing surges for the token. However, one ripple XRP price prediction has gone viral on X over the past few days, showing that the token can surge by 4,720% this cycle.Cryptocurrency analyst and well-known XRP bull EGRAG CRYPTO made a thread outlining why he believes the XRP price will increase significantly this cycle. In particular, the bullish prediction believes that anywhere from a 40x to 50x surge is possible. For reference, XRP is trading at $0.5901 at press time. Furthermore, Ripple XRP has seen a massive 220% increase in trading volume in the past week.According to ECRAG CRYPTO, a 40X surge in XRP could potentially hit around $11, and 50x can see it reach as high as $14. Ecgrag has also shared a discussion with “a top-tier banker,” detailing how bullish XRP can be in the future. According to that banker, holding Ripple’s XRP token “for a decade could yield incredible rewards,” perhaps as high as $2,500 per token.In terms of an immediate surge, after a big drop this week, XRP has rebounded. With the entire crypto market expected to swing upward in the coming weeks, Ripple XRP price predictions will only grow more positive. While a 4,720% surge seems wild at first glance, other cryptocurrencies have seen big surges and multipliers in the past year.The Flip Side of The 4,720% Ripple XRP Price PredictionOn the other hand, the technical analysis from the weekly time frame shows a key difference between the bullish XRP cycle in 2017 and the one in 2020. In the 2017 cycle, the XRP price increased by a gigantic 88,000% in a year. It increased by only 1,800% in 2020. 2023 didn’t see a surge like either of those for XRP come close; therefore, it’s hard to support such a surge like Ecrag’s prediction come true.A descending resistance trend line can be drawn since Ripple’s all-time high of $3.53. While that is breakable with a proper surge, a surge as high as $14 isn’t likely to come for some time. Therefore, the XRP army can be optimistic but shouldn’t expect an XRP explosion in price to come in the coming months.#XRPBullRun #XRPBreakout

The onset of 2024 has presented unexpected challenges for Ripple (XRP) as it reached a three-year price low against Bitcoin on Jan. 3. This sudden decline was instigated by a widespread sell-off prompted by speculations surrounding the potential rejection of spot Bitcoin exchange-traded funds by the US Securities and Exchange Commission (SEC). The resulting turmoil in the market caught traders by surprise, leading to the disturbance of trading portfolios and the elimination of the previously steady accumulation phase that XRP had been undergoing.Recent Performance of XRPOn Jan. 4, XRP showed signs of a modest recovery, recording a gain of 0.88%. This partial reversal followed a 6.68% decline on Jan. 3, culminating in XRP closing the day at $0.5879. The crypto market is on high alert, closely monitoring XRP’s movements in light of the continually evolving regulatory landscape.XRP Price Projection for January 2024Analyzing the price fluctuations of Ripple XRP from the beginning of 2023, crypto experts have formulated a price forecast for January 2024. The anticipated average rate is expected to hover around $0.688. Additionally, the forecasted range of $0.583 as the minimum, and $0.792 as the maximum is also set. However, these projections are made against a backdrop of heightened uncertainty, considering the recent market volatility.Weekend Price AnticipationTaking a specific look at the approaching weekend, Changelly, a renowned crypto exchange platform, presents an optimistic outlook for XRP. The altcoin is predicted to undergo a bullish turnaround, surging by 5% on January 6, reaching a peak of $0.619769. This upward trajectory is expected to extend into Jan. 7, with a substantial 21% increase that would propel XRP to a high of $0.714077.Additionally, the weekend price prediction comes at a crucial juncture for XRP. The asset has been contending with regulatory challenges, including an ongoing lawsuit by the SEC. The market sentiment impacted by Ripple’s legal battles has contributed to the recent price volatility. This further underscores the importance of maintaining vigilance in the face of regulatory uncertainties Caution for InvestorsInvestors and traders are cautioned to approach XRP with care, given the unpredictable nature of the crypto market. This is particularly true during periods of regulatory ambiguity. The weekend surge projected by Changelly might provide temporary relief. However, sustained stability is likely contingent on regulatory developments and broader market conditions.As the altcoin braces for a weekend marked by expected price fluctuations, the cryptocurrency market remains on edge amid regulatory uncertainties. The recent market turbulence emphasizes the need for investors to stay informed and exercise caution. While short-term predictions hint at a bullish turn for XRP, the broader outlook hinges on regulatory developments and the industry’s adaptability to the evolving crypto landscape.#XRPBreakout #dyor

Although the XRP price is down by over 13% year-to-date (YTD), the crypto asset can still finish the month with a 20% growth if history repeats itself.
Read more on: https://thecryptobasic.com/2024/01/22/xrp-could-rise-20-if-this-historical-trend-plays-out/
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U.S. Congressman Tom Emmer earmarked Ripple’s court victory against the SEC as a sterling example of regulatory abuse by the agency.
Read more on: https://thecryptobasic.com/2023/12/05/u-s-rep-mentions-xrp-legal-status-as-non-security/
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