• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
XRP

XRP Bulls Aim For $1 As Crypto Advances With 12% Weekly Pump

Christian Encila by Christian Encila
2 months ago
in Cryptocurrency news
Reading Time: 4 mins read
Advertisement
Advertisement

XRP is currently at $0.3899 which is the result of recent positive external developments. According to CoinGecko, the native token of Ripple moved upwards by 12% in the weekly and the bi-weekly time frame. 

Positive news brewed up in the US Securities and Exchanges Commission (SEC) vs. Ripple lawsuit that started back in December 2020. Just last month, Ripple was handed a small win as the SEC was ordered by a judge to hand over the Hinman documents which details the speech of the previous SEC director saying that Ethereum was not a security. 

With Ripple CEO Brad Garlinghouse cautiously optimistic of the current climate about crypto, can XRP bulls reach their $1 target?

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!
Related Reading: Algorand TVL Hits $177 Million As Altcoin Rally Continues – Can ALGO Sustain This Push?

Sending Ripples Across The Market

XRP has been maintaining its spot in the hearts of many investors. Binance data shows that the token remains as the top 5 most traded on the platform just behind BNB and just above BUSD. 

ETHImage: Binance

Whales are also joining in the party. According to whale tracker WhaleStats, the token also became the top 100 of the most traded. This uptick in whale and market activity is certainly a sign that XRP is recovering from its previous market lows. 

With the lawsuit coming to an end, XRP has the luxury to target higher prices for the future.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

🐳 The top 4000 #BSC whales are hodling

$63,784,004 $LYO
$29,874,257 $SFP
$27,695,801 $XRP
$20,945,818 $USDZ
$20,519,180 $PALLA
$15,328,126 $MATIC
$14,681,276 $Cake
$11,255,718 $MBOX

Whale leaderboard 👇https://t.co/CnPsLVmRmh pic.twitter.com/I2ww8aqERV

— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) January 18, 2023

$1 Target: Hittable Or Delusional? 

As of writing, the token has been stuck in its current support at $0.3845 which shows a struggle between the bears and bulls. With the bears retesting the support, XRP might be in some short term pain as bulls try their best to reach the $1 mark. 

The token’s price would also be determined if the company wins the lawsuit. If Ripple wins, XRP would react positively and would do the opposite if it loses the lawsuit. But with Ripple having a good chance winning, the positive market sentiment would make the token shoot up in price. 

Related Reading: Ethereum Nears $1,600 Level – Is The $2K Mark Hittable This Week?

XRP total market cap at $19.7 billion on the daily chart | Chart: TradingView.com

However, the current support range has been constantly tested by bears since January 15th. Even with its high correlation with Bitcoin – which recently broke through a crucial resistance level – it may not perform as well as the other altcoins in the market. 

Compared to the top gainers among the top 100 cryptocurrencies, XRP’s gains are significantly lower in the same timeframe. Investors and traders should keep an eye on the lawsuit as this would have a significant effect on XRP’s price. 

Short-term, XRP presents a good short opportunity as the price could break the current support at any moment. 

Featured image by The Market Periodical

Tags: altcoinsprice analysisRipplesecxrp
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Christian Encila

Christian Encila

Related Posts

Bitcoin

Is Bitcoin’s Security at Risk? Experts Weigh In

4 hours ago
Best Betting Sites Not on Gamstop in 2023 Betbeard

Best Betting Sites Not on Gamstop in 2023 Betbeard

7 hours ago
Bitcoin Bull

Bitcoin Net Taker Volume Nears In On Bullish Crossover

11 hours ago
XRP

John E. Deaton Claims XRP Is The Top Altcoin With A Comeback Story

14 hours ago
Ethereum Layer 2

Arbitrum, Optimism, And Polygon: Which Is The Ultimate Ethereum L2?

16 hours ago
Bitcoin price

Bitcoin Price Reclaims $28,000 Territory Amid Mounting Market Pressures

16 hours ago

Premium Partners

Play Finance

Trending Projects

  • 4 Best Upcoming ICO For 2023

    1 week ago
  • Crypto Investment for Long Term Growth in 2023

    1 week ago
  • 5 Cryptocurrency To Invest In 2023

    1 week ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
  • The Future Of The Crypto Industry And One Of Its...

    13 hours ago
  • Don’t Miss TMS Network (TMSN) 100x Growth Train; Algorand...

    15 hours ago
  • Riding The 2023 Bull: How Bitcoin, Ethereum, And SignUp...

    16 hours ago
  • Three Unique Top Presales To Buy in 2023: RobotEra...

    16 hours ago
  • Meta Masters Guild On Track to Become Web3’s Largest...

    17 hours ago

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.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 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.