Manoj B Rawal
Independent Analyst
- XRP to continue to trade sideways and southward.
- Won't be easy to take second largest crypto tag back from ETH.
Ripple's XRP, which lost its second largest crypto tag to Ethereum (again) due to its continued underperformance to other major cryptocurrencies, still remains under pressure and has a long way to go in its journey to the south.
XRP/USD is up about a percent on day at $0.366 and trading in about 2 percent range for the day with very low volumes and volatility - sign of its sideways trading and underperformance days. On the daily chart of the crypto it is stuck in a lower low, lower high downard slanting parallel channel.
On the hourly chart, in the short term it has taken support at ascending trendline and is now headed upward, towards $0.40 - upper end of the parallel channel on the daily. From there, downward juorney resumes.
XRP/USD daily chart:
XRP/USD 60-minute chart:
Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ripple risks extending losses despite Ripple-SEC motion to release escrowed $125 million
XRP comes under immense pressure, falling toward $2.09 as Israel and Iran escalate conflict. Ripple and the SEC file a joint motion requesting the release of $125 million held in escrow.
Crypto Today: Bitcoin, Ethereum, XRP clamber for support amid escalating volatility on Israel-Iran tensions
The cryptocurrency market has been hit by a sudden wave of extreme volatility, triggering widespread declines as global markets react to tensions between Israel and Iran.
Sui Price Forecast: Sui eyes triangle fallout below $3 as Open Interest, TVL plunge
Sui (SUI) edges lower by over 5% at press time on Friday, concurrent with the broader crypto market crash due to the escalation of the conflict between Israel and Iran.
Bitcoin eyes a drop toward $100,000 amid cautious sentiment as Middle East tensions escalate
Bitcoin price edges below $105,000 on Friday after falling 4% over the last two days. Market sentiment sours as conflict in the Middle East escalates, with over $1.15 billion in liquidation across crypto markets.
Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.