BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

XRP Pumped 10% Today and Here is Why

by Sham
December 17, 2024
in CRYPTO
Reading Time: 3 mins read
A A
22
SHARES
367
VIEWS
Share on XShare in TelegramShare on Reddit
  • Ripple’s uptrend is yet to show any sign of weakness, making it very likely for the asset to hit a new record high in the short term.
  • On the USDT paired chart, the price has been surging almost vertically since breaking above the 200-day moving average, and is currently consolidating below the key $3 level.
  • On the BTC paired chart, the market has begun an aggressive uptrend since breaking above the long-term bearish trendline but failed to break above the 2800 SAT resistance level in its first attempt.

With the recent surge in the price of Ripple (XRP), investors and market analysts are wondering if this digital asset is heading towards a new all-time high. This detailed price analysis will take a closer look at the trends and patterns that could indicate the future movements of XRP.

Ripple’s Uptrend Continues

Ripple’s current uptrend shows no signs of weakness, making it highly likely for the asset to hit a new record high in the short term. The price has been surging almost vertically since breaking above the 200-day moving average at the beginning of November. Although the market has successfully broken above several resistance levels, it is currently consolidating below the crucial $3 level.

Key Support and Resistance Levels

The $2 support zone has been instrumental in preventing a long-term correction, even when XRP dipped below that level last week. With the Relative Strength Index (RSI) also cooling down, it is expected that the market will continue its upward trajectory soon.

XRP Against BTC

In comparison to Bitcoin, XRP exhibits similar patterns on the Tether paired chart. The market has started a vigorous uptrend since breaking above the long-term bearish trendline, but failed to surpass the 2800 SAT resistance level in its first attempt. As long as the 2000 SAT support area remains unbroken, we can anticipate higher prices for XRP against BTC.

Final Thoughts

The current market analysis indicates a strong potential for Ripple to hit a new all-time high. Investors and traders are advised to conduct thorough research and consider market trends before making investment decisions. Remember, cryptocurrency investment involves risk, and it’s crucial to invest wisely.

Tags: BitcoinDigital AssetNew All-Time Highrippletether
Tweet6ShareShare
Previous Post

Analysts Predict Ethereum to Hit $15,000 in 2025, and Here is Why

Next Post

Ethereum Whales Now Hold Nearly 60% of the Total ETH Supply: Should You Be Worried?

DON'T MISS THESE! HOT OFF THE PRESS

What Happened in Crypto This Week? Here is Everything Important You Need to Know
CRYPTO

What Happened in Crypto This Week? Here is Everything Important You Need to Know

July 19, 2025
XRP’s “Kaboom Phase” Might Just Be Getting Started
CRYPTO

XRP’s “Kaboom Phase” Might Just Be Getting Started

July 19, 2025
Litecoin Is Waking Up—And $120 Might Be Closer Than It Looks
CRYPTO

Litecoin Is Waking Up—And $120 Might Be Closer Than It Looks

July 19, 2025
Stellar (XLM) Hangs Tight at $0.47—But Is It Gearing Up for a Bigger Move?
CRYPTO

Stellar (XLM) Hangs Tight at $0.47—But Is It Gearing Up for a Bigger Move?

July 19, 2025
ONDO vs. Hedera (HBAR): Which Altcoin’s Got More Fuel Left in the Tank?
CRYPTO

ONDO vs. Hedera (HBAR): Which Altcoin’s Got More Fuel Left in the Tank?

July 19, 2025
Chainlink Joins SEC’s Crypto Task Force—What’s Coming Next?
CHAINLINK

Chainlink Joins SEC’s Crypto Task Force—What’s Coming Next?

July 19, 2025
Load More

Related News

What Happened in Crypto This Week? Here is Everything Important You Need to Know

What Happened in Crypto This Week? Here is Everything Important You Need to Know

July 19, 2025
XRP’s “Kaboom Phase” Might Just Be Getting Started

XRP’s “Kaboom Phase” Might Just Be Getting Started

July 19, 2025
Litecoin Is Waking Up—And $120 Might Be Closer Than It Looks

Litecoin Is Waking Up—And $120 Might Be Closer Than It Looks

July 19, 2025
Stellar (XLM) Hangs Tight at $0.47—But Is It Gearing Up for a Bigger Move?

Stellar (XLM) Hangs Tight at $0.47—But Is It Gearing Up for a Bigger Move?

July 19, 2025
ONDO vs. Hedera (HBAR): Which Altcoin’s Got More Fuel Left in the Tank?

ONDO vs. Hedera (HBAR): Which Altcoin’s Got More Fuel Left in the Tank?

July 19, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.