Here Are Two Reasons Why XRP Price May Slide: Godbole

Jan 23, 2025 · Here Are Two Reasons Why XRP Price May Slide: Godbole ... Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree …

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Here Are Two Reasons Why XRP Price May Slide: Godbole

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Jan 23, 2025 · The XRP price is on track for significant growth, with experts forecasting $18 by March. Ripple's ongoing adoption and regulatory developments fuel this momentum. However, …

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Why XRP Price Is Going Down Today & What To Expect Next?

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Dec 30, 2024 · This has added further downward pressure on the price. What’s Next for XRP? Despite these challenges, XRP has struggled to hold its key support level at $2.20 and has …

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Here’s Why XRP Price Can Rally To $6 Despite Recent Dip

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Dec 18, 2024 · XRP price today slumped about 6% and exchanged hands at $2.53, while its one-day trading volume declined by 12.32% to $15.95 billion. Notably, the crypto has touched a 24 …

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FAQs about Here Are Two Reasons Why XRP Price May Slide: Godbole Coupon?

Will XRP price drop?

As XRP's price surged close to record highs last week, the Mayer Multiple – which compares the spot price to the 200-day simple moving average – failed to reach new highs and remained below its December peak, indicating a bearish divergence. This divergence signals a weakening bullish momentum and raises the potential for a price drop. ...

Why did CME denial XRP futures?

CME's denial of XRP futures contradicts the optimism seen earlier this month, as technicals point to weakening of the uptrend. XRP faces risk of a price slide. (GuentherDillingen/Pixabay) CME's denial of XRP futures indicates a lack of institutional demand for coins other than BTC and ETH. ...

Why did Ripple's XRP price drop 6% today?

Ripple's native crypto has slipped nearly 6% today amid a bearish sentiment noted in the broader crypto market. A top analyst remained confident on XRP, predicting a potential rally to $6 ahead. XRP price has recorded a dip of nearly 6% today amid gloomy trading noted in the broader crypto market. ...

How does ripple use XRP?

Ripple uses XRP primarily as a digital currency to facilitate cross-border payments and remittances. As XRP's price surged close to record highs last week, the Mayer Multiple – which compares the spot price to the 200-day simple moving average – failed to reach new highs and remained below its December peak, indicating a bearish divergence. ...

What is XRP price?

XRP might reach a high of $3.99 or an average of $3.07. The all-time high of XRP is $3.84, achieved on January 4, 2018, marking the highest price it has reached since its launch. Wondering "Why XRP Price is Going Down Today?" ...

Does XRP's short-term outlook indicate a weakening of upward momentum?

Technical studies indicate a weakening of the upward momentum. Payments-focused cryptocurrency XRP's short-term outlook appears grim as traditional financial giants do not seem interested in looking beyond BTC and ETH, while price action indicates signs of rally fatigue. ...