Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

2025-05-18

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

2025-05-18

Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»XRP Price Prepares For $0.55 Amid Surge In Bullish Activity! Here’s The Next Level For XRP Price
Altcoins

XRP Price Prepares For $0.55 Amid Surge In Bullish Activity! Here’s The Next Level For XRP Price

2023-09-05No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

As Ripple’s ongoing legal battle with the SEC keeps traders and investors on edge, the company has recently taken some significant actions that have sparked a surge in trading and whale movements in the XRP market. Additionally, an increase in outflow signals a potential bullish comeback for XRP, fueling bullish hope for an upward push toward the $0.55 mark. 

XRP Waits For SEC’s Decision On ETF

After weeks of trading within a narrow range, XRP has entered a consolidation phase, particularly as markets pulled back over the weekend due to the SEC’s decision to delay rulings on multiple ETFs until October. Yet, even amidst the summer slowdown, XRP saw significantly higher trading activity compared to other alternative cryptocurrencies.

Last month, XRP boasted an average transaction volume of $462 million, surpassing its closest competitors, SOL and BNB, which recorded trading volumes of $128 million and $121 million, respectively. This was four times the volume of these next two largest altcoins, indicating a robust market interest in XRP. 

Moreover, there has been a surge in XRP’s whale activity as the outflow has spiked over the last 48 hours. A substantial amount of XRP has been withdrawn from Binance; roughly 40.4 million XRP tokens, with an estimated value of $20.36 million, have been transferred to an unidentified location. 

One could anticipate that a withdrawal of such scale from a leading exchange would catalyze a bullish increase in the price of XRP. Traditionally, sizable outflows triggered by major holders, commonly known as “whales,” are viewed as a promising indicator of the asset’s bullish outlook.

Is XRP’s Surge Above $0.55 Possible?

Bulls are struggling to send the XRP price above $0.51 to initiate a new surge as sellers dominate below immediate resistance levels. The bears once managed to pull XRP’s price below the $0.50 mark. However, they were unable to maintain this low, as seen by the long tail on the day’s candlestick chart. As of writing, XRP price trades at $0.5011, declining over 1.4% from yesterday’s rate. 

See also  Cardano Rises 27% in 24 Hours: Will ADA Price Predictions Come True?

Despite this, the bears continue to exert pressure, preventing a strong upward rebound from the $0.50 level. This increases the risk of a further decline. If the price continues to struggle to trade above $0.5-$0.48, the XRP could potentially drop to $0.44.

On the flip side, if the price reverses from its current position and surpasses the 50-day EMA at $0.51, it would indicate that the bulls are staging a recovery. In such a scenario, the price could rise to the upper trend line at $0.54. Overcoming this level would be crucial for signaling the beginning of a new bullish surge, potentially reaching $0.61.



Source link

activity Bullish Heres level Prepares Price Surge XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

2025-05-18

Next Generation AI backbone: Oraichain, Pinlink and RSS3’s Synergetic Roles

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Scalable L1 Power Meme -Munten

2025-05-18
Add A Comment

Comments are closed.

Top Posts

AlphaOrBeta increases the prediction markets in the opBNB chain

2024-04-16

Hela Labs cooperates with Plena Finance to bring about a revolution web3 with account abstraction technology

2025-03-13

Cronos, partner of Crypto.com, launches Layer 2 Network with Matter Labs

2023-12-15
Editors Picks

Raredex offers investors on Arbitrum exposure to rare earth elements

2025-01-10

Bitcoin price at the make-or-break moment, key levels to watch

2024-01-27

Bitcoin ETFs are being adopted faster than any ‘new ETF in history,’ says exec

2024-09-11

Enjin Blockchain keeps its promise by introducing Quick Wallet

2024-05-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,084.850.68%
  • ethereumEthereum(ETH)$2,389.88-4.16%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.370.84%
  • binancecoinBNB(BNB)$640.40-0.09%
  • solanaSolana(SOL)$167.06-0.05%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2230303.14%
  • cardanoCardano(ADA)$0.73-1.52%
  • tronTRON(TRX)$0.265377-2.14%
  • suiSui(SUI)$3.80-0.38%
  • chainlinkChainlink(LINK)$15.26-0.74%
  • avalanche-2Avalanche(AVAX)$22.08-1.47%
  • stellarStellar(XLM)$0.286469-0.27%
  • hyperliquidHyperliquid(HYPE)$26.261.48%
  • shiba-inuShiba Inu(SHIB)$0.0000141.73%
  • hedera-hashgraphHedera(HBAR)$0.1909250.14%
  • unus-sed-leoUNUS SED LEO(LEO)$8.66-3.19%
  • bitcoin-cashBitcoin Cash(BCH)$396.311.09%
  • the-open-networkToncoin(TON)$3.080.55%
  • litecoinLitecoin(LTC)$97.670.74%
  • polkadotPolkadot(DOT)$4.62-0.52%
  • moneroMonero(XMR)$340.421.17%
  • bitget-tokenBitget Token(BGB)$5.072.41%
  • pepePepe(PEPE)$0.0000136.52%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.736.13%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.831.34%
  • bittensorBittensor(TAO)$408.47-3.20%
  • aaveAave(AAVE)$221.45-1.06%
  • nearNEAR Protocol(NEAR)$2.700.11%
  • aptosAptos(APT)$5.02-1.56%
  • okbOKB(OKB)$52.69-1.11%
  • ondo-financeOndo(ONDO)$0.920.00%
  • kaspaKaspa(KAS)$0.108675-0.99%
  • internet-computerInternet Computer(ICP)$5.11-0.73%
  • ethereum-classicEthereum Classic(ETC)$17.95-1.37%
  • gatechain-tokenGateToken(GT)$21.51-0.10%
  • crypto-com-chainCronos(CRO)$0.097081-0.08%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.850.00%
  • mantleMantle(MNT)$0.730.70%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2331460.31%
  • vechainVeChain(VET)$0.027738-0.08%
  • render-tokenRender(RENDER)$4.48-1.05%
  • ethenaEthena(ENA)$0.3697174.70%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2178250.81%
  • filecoinFilecoin(FIL)$2.810.42%
  • cosmosCosmos(ATOM)$4.740.11%
  • bitcoinBitcoin(BTC)$104,084.850.68%
  • ethereumEthereum(ETH)$2,389.88-4.16%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.370.84%
  • binancecoinBNB(BNB)$640.40-0.09%
  • solanaSolana(SOL)$167.06-0.05%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2230303.14%
  • cardanoCardano(ADA)$0.73-1.52%
  • tronTRON(TRX)$0.265377-2.14%
  • suiSui(SUI)$3.80-0.38%
  • chainlinkChainlink(LINK)$15.26-0.74%
  • avalanche-2Avalanche(AVAX)$22.08-1.47%
  • stellarStellar(XLM)$0.286469-0.27%
  • hyperliquidHyperliquid(HYPE)$26.261.48%
  • shiba-inuShiba Inu(SHIB)$0.0000141.73%
  • hedera-hashgraphHedera(HBAR)$0.1909250.14%
  • unus-sed-leoUNUS SED LEO(LEO)$8.66-3.19%
  • bitcoin-cashBitcoin Cash(BCH)$396.311.09%
  • the-open-networkToncoin(TON)$3.080.55%
  • litecoinLitecoin(LTC)$97.670.74%
  • polkadotPolkadot(DOT)$4.62-0.52%
  • moneroMonero(XMR)$340.421.17%
  • bitget-tokenBitget Token(BGB)$5.072.41%
  • pepePepe(PEPE)$0.0000136.52%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.736.13%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.831.34%
  • bittensorBittensor(TAO)$408.47-3.20%
  • aaveAave(AAVE)$221.45-1.06%
  • nearNEAR Protocol(NEAR)$2.700.11%
  • aptosAptos(APT)$5.02-1.56%
  • okbOKB(OKB)$52.69-1.11%
  • ondo-financeOndo(ONDO)$0.920.00%
  • kaspaKaspa(KAS)$0.108675-0.99%
  • internet-computerInternet Computer(ICP)$5.11-0.73%
  • ethereum-classicEthereum Classic(ETC)$17.95-1.37%
  • gatechain-tokenGateToken(GT)$21.51-0.10%
  • crypto-com-chainCronos(CRO)$0.097081-0.08%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.850.00%
  • mantleMantle(MNT)$0.730.70%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2331460.31%
  • vechainVeChain(VET)$0.027738-0.08%
  • render-tokenRender(RENDER)$4.48-1.05%
  • ethenaEthena(ENA)$0.3697174.70%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2178250.81%
  • filecoinFilecoin(FIL)$2.810.42%
  • cosmosCosmos(ATOM)$4.740.11%