NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Analyst: XRP Posts Failed Breakout as It Loses Its “Coil Power”

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • XRP has been caught in the throes of volatility as of late, with much of this greatly favoring bulls
  • The crypto saw a parabolic upswing earlier this week that caused its price to multiply over the past few days
  • This intense upswing has slowed down, and the lack of any fundamental catalysts backing this movement may make it feeble and easily reverted
  • Where it trends in the near-term will depend largely on bulls, as any dissipating buying pressure could give room for the crypto to see an intense decline
  • One trader is now noting that XRP could be on the cusp of seeing a selloff in the days and weeks ahead

XRP has surprisingly been one of the best performing altcoins throughout the past few days and weeks, with the previously “dead” cryptocurrency seeing a massive resurrection when inflows of capital poured in at a rapid rate.

Where it trends in the mid-term will depend largely on Bitcoin and Ethereum, as these two cryptocurrencies have been guiding the price action seen by smaller cryptocurrencies over the past few weeks.

It is important to note that XRP is showing signs of technical weakness, with one analyst noting that a serious selloff could be just around the corner.

XRP Losses Steam as Sellers Move to Erase Recent Gains

At the time of writing, XRP is trading down just under 7% at its current price of $ 0.65.

Although it is down significantly from its recent highs, the crypto is still up from its lows of $0.23 set just before this parabolic rally took place.

It is down from its $0.80 highs set yesterday during the height of the XRP mania, but there’s still a serious chance that bulls will regain control of its price action.

A Failed Breakout Could Lead to Further Downside

One trader explained in a recent tweet that XRP could be on the cusp of seeing a sharp decline, with the token losing its momentum following the recent rejection at $0.80.

He notes that it has “no coil power left,” which is a bear-favoring sign.

“XRP: Failed breakout, back inside the pennant, and way too deep inside now. Therefore, no coil power left, expecting chop. If still interested in trading this, close chart and set alerts at for HTF levels.”

XRP

Image Courtesy of Chase_NL. Source: XRPUSD on TradingView.

The coming few days should provide some serious insight into where XRP and the altcoin market will trend next.

There’s a strong possibility that it will be largely determined by where Ethereum and Bitcoin move in the days ahead.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP koers maakt zich klaar voor rally na 1,2 miljard dollar aan whale verkoop.

XRP koers onder druk: Ripple’s $1,2 miljard whale verkoop

De spanning in de cryptomarkt is toegenomen nu duidelijk is geworden dat whales van Ripple in korte tijd voor meer...

Lars Diederiksen 20 hours ago
xrp token

XRP: Οι εκτιμήσεις επενδυτών για την πορεία προς τα 60 δολάρια

Η συζήτηση γύρω από το XRP έχει πάρει νέα διάσταση μετά τις πρόσφατες δηλώσεις του επενδυτή Paul Barron και του...

Ιωάννης Ριζόπουλος 22 hours ago
XRP Price Drops to Crucial Support

XRP Price Holding Weak Below $3.10, Bears Maintain Their Edge

XRP price is gaining bearish pace below the $3.10 resistance zone. The price is struggling near $3.050 and remains at...

Aayush Jindal 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP Price Retreats From Highs

XRP Price Crashes Below $3, More Pain for Bulls?

Aayush Jindal 2 hours ago
XRP utility debat gaat viral - Ripple CTO onthult waarom XRP koers kan verdubbelen

What’s Next For XRP After Crashing Below $3? Analyst Answers

Sandra White 14 hours ago
Zašto ovaj novi altcoin u tišini nadmašuje Ripple (XRP) u 2025. godini

Key Levels To Watch In Light Of XRP’s Macro Future

Scott Matherson 20 hours ago

Premium Sponsors

Press Releases

  • Experții evidențiază această monedă AI de 0,07 USD ca...

    9 hours ago
  • BAY Miner

    Can You Make Money by Holding Coins? BAY Miner Lets You...

    12 hours ago
  • イーサリアム...

    13 hours ago
  • ビットコイン...

    13 hours ago
  • シバコイン 今後の展望

    シバコイン...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.