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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ripple (XRP) Swells 24% After Bitcoin Record High; More Gains Ahead?

Yashu Gola
Yashu Gola
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.

Ripple’s native token XRP is looking bullish again.

Psychology

The fourth-largest cryptocurrency by market capitalization was among the best performers Thursday as its price swelled by almost 24 percent in the previous 24 hours. The XRP/USD exchange rate established a new weekly high at $0.585, its gains driven alongside a general upside narrative across the cryptocurrency market.

The XRP pump began after Bitcoin, the world’s leading cryptocurrency by market valuation, jumped above a sough-after resistance level of $20,000. The BTC/USD’s upside move influenced rival tokens to tail the trend thanks to its long-standing positive correlation with top-cap altcoins.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Bitcoin corrects lower from its record high at $23,776. Source: BTCUSD on TradingView.com
Bitcoin corrects lower from its record high at $23,776. Source: BTCUSD on TradingView.com

For instance, the second-largest token, Ethereum, jumped 11.29 percent under Bitcoin’s influence.

But XRP’s gains outran others. That could be due to a recent partnership between IBM and Expertus Technologies, a Canadian fintech startup actively experimenting with XRP-backed Ripple Labs’ payment solutions.

Meanwhile, XRP may have also front-run the rally because it was already available cheaper than the other top tokens, especially after its 45 percent price crash from its yearly high of $0.79. Traders apprehensively anticipated an altcoin market bull run following Bitcoin’s move towards $20,000, focusing majorly on XRP for its cheaper valuation than the rest of the top-tier coins.

XRP Technical Outlook

The XRP/USD exchange rate jumped above a short-term descending trendline following its move Thursday, raising expectations of an extended upside run in the coming daily sessions.

It is because of the formation of two converging bullish patterns: a Falling Wedge and a Descending Parallel Channel. Both the technical indicators have the common resistance trendline (the one mentioned above). Meanwhile, they are bullish per their textbook descriptions, with each of them having their own upside targets for the underlying asset.

XRP, Ripple Labs, cryptocurrency, Bitcoin
Ripple token rebounded by 34 percent in just two days of trading. Source: XRPUSD on TradingView.com
Ripple token rebounded by 34 percent in just two days of trading. Source: XRPUSD on TradingView.com

For instance, the Rising Wedge bull target for XRP/USD—currently—is near $0.79 (calculated from the maximum distance between the Wedge upper and lower trendlines). Similarly, the Descending Channel’s upside target is at $0.76.

Further adding strength to the bullish outlook is a moving average crossover. So it appears, the XRP/USD’s 4H chart is going to print a Golden Cross as its 20-period MA (green) closes above its 50-period MA (red). Traders consider a 20-50 MA crossover as a cue to increase their longs in the market.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

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

Dogecoin price news

Dogecoin Under $0.20 ‘Is Free,’ Says Analyst—Predicts 2,000% Upside

Dogecoin is revisiting a technical juncture it has not seen since the months preceding its 2020–21 parabolic rally, according to...

Jake Simmons 1 hour ago
Bitcoin

Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases

According to CNBC, corporate treasuries around the globe have surpassed exchange-traded funds (ETFs) in Bitcoin (BTC) acquisitions for three consecutive...

Ronaldo Marquez 2 hours ago
한국, CBDC 공식 철회… 스테이블코인 급부상 속 베스트 월렛의 경쟁력 부각

한국, CBDC 잠정 보류… 스테이블코인 급부상 속 베스트 월렛의 경쟁력 부각

한국은행이 중앙은행 디지털화폐(CBDC) 도입을 잠정 보류한 가운데, 새 정부는 원화 기반 스테이블 코인 육성에 방점을 두겠다는 방침을 보였다. 한국은행은 CBDC 추진을 사실상 ...

Soyeon Lee 2 hours 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

Ethereum

The ‘MicroStrategy’ Of Ethereum Emerges: Tom Lee And Joe Lubin Raise $675M To Stack ETH

Scott Matherson 1 minute ago
token T6900

TOKEN6900 i XRP – dwa różne oblicza rynku kryptowalut

agnieszkaz 7 minutes ago

Crypto Wealth Platform Nexo Breaks Ground with DP World Tour Golf Sponsorship

News BTC 19 minutes ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセールで1.45百万ドル調達-人為的ミスを排除し次の100倍を目指す新鋭トークン

    ...

    1 hour ago
  • 仮想通貨おすすめ|2025年に注目のポートフォリオ向け有望銘柄4選とは?

    ...

    2 hours ago
  • 「壮大で美しい法案」成立も暗号資産税制救済なし、新しい仮想通貨が未来を切り開く

    ...

    2 hours ago
  • FUNToken

    FUNToken Now Listed on Poloniex, Strengthening Global Reach...

    2 hours ago
  • ミームコインプレセール急騰|SPX6900は11%下落も新星コインが注目集める

    ...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.