XRP Defrosts Under Crypto Sun
XRP is presently consolidating over a longer time frame.Β The market affirms a consolidation phase within an overall uptrend by moving sideways. As of this writing, XRP is trading at $2.17, down more than 1.7 percent.
XRP retreated from its peak of $2.9 on December 3 on expectations that the SEC would file its opening brief on the appeal by the deadline.
Broker | Review | Regulators | Min Deposit | Website | |
---|---|---|---|---|---|
π₯ | ![]() | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
π₯ | ![]() | Read Review | FSCA, FSC, ASIC, CySEC, DFSA | USD 5 | Visit Broker |
π₯ | ![]() | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
4 | ![]() | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
5 | ![]() | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
6 | ![]() | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
7 | ![]() | Read Review | BVI FSC | USD 1 | Visit Broker |
8 | ![]() | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
9 | ![]() | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
10 | ![]() | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Β
SEC Chair Gensler will depart the agency on January 20 but the SEC chair strengthened his position on the crypto industry after elevating crypto-enforcement attorneys to senior executive roles. Paul Atkins, the new SEC chair, has a difficult start. Markets project Trumpβs pro-crypto stance and the agencyβs ingrained enforcement procedures will take some time
The price chartβs wedge formations, which frequently indicate breakouts, support XRPβs continued resilience. The generalΒ trend for XRP is stillΒ bullish despite the current consolidation.
Recent price action appears to be a brief pullback rather than marking the beginning of a downtrend. It is important to remember that XRP is still above its 2021 high of $1.96. If the price keeps rising, it may challenge its all-time high of roughly $3.25 to $3.30, which also coincides with a crucial Fibonacci level. This is a clear indication of a robust market.
The market outlook is still positive as long as the price remains above this, and maintaining this level is essential for XRPβs ongoing upward momentum.
Ripple is still a leading cryptocurrency player. The tokenβs market valuation is valued at $123 billion, making it the fourth-largest cryptocurrency. Ripple keeps moving forward with new projects despite legal obstacles.
The recurrent cycles of growth and consolidation that characterize liquidity-driven assets are also evident in Ripple-based tokens. These trends demonstrate how effective technical analysis is at forecasting market movements. However, experts advise a concentrated investment strategy in high-performing cryptocurrencies and caution against diversifying portfolios across too many assets.

Sidebar rates
Related Posts
Broker | Website | |
---|---|---|
π₯ | ![]() | Visit Broker |
π₯ | ![]() | Visit Broker |
π₯ | ![]() | Visit Broker |
4 | ![]() | Visit Broker |
5 | ![]() | Visit Broker |
6 | ![]() | Visit Broker |
7 | ![]() | Visit Broker |
