XRP USD
XRP price pumps and dumps amid mysterious $51M whale transfers — What’s next?
XRP price saw a major spike on Aug. 26, hinting at a possible effect from some big traders. Large XRP transfers, Ripple Swell Global event Notably, XRP’s price jumped 6% to $0.37, a two-week high, during the early London hours. The token’s upside move occurred hours after its network processed three massive transfers worth $51 million involving crypto exchanges Bitso and FTX, as highlighted by Whale Alert. XRP/USD hourly price chart. Source: TradingView XRP’s gains also came as a part of a broader upside move that started on Aug. 25, a day after Ripple announced its flagship event, “Ripple Swell Global,” to be held in London in November 2022. The market has seen similar reactions to the Swell event in the past. Bearish reversal setup in play XRP’s i...
XRP price rally stalls near key level that last time triggered a 65% crash
Ripple’s (XRP) ongoing upside retracement risks exhaustion as its price tests a resistance level with a history of triggering a 65% price crash. XRP price rebounds 30% XRP’s price gained nearly 30%, rising to $0.36 on June 24, four days after rebounding from $0.28, its lowest level since January 2021. The token’s retracement rally could extend to $0.41 next, according to its cup-and-handle pattern shown in the chart below. XRP/USD four-hour price chart featuring “cup and handle” pattern. Source: TradingView Interestingly, the indicator’s profit target is the same as XRP’s 50-day exponential moving average (50-day EMA; the red wave). XRP/USD daily price chart featuring 50-day EMA upside target. Source: TradingView Major resistance hurdle The cup-and-handle bullis...
