XRP Price Analysis: XRP/USD sees a possible short squeeze with vulnerabilities remaining under $0.2000

XRP price is trading in positive territory, with gains of some 1.70% on Thursday.
XRP/USD rallied aggressively, reversing a bearish breakout from the prior session.
The bulls still need to push above $0.2000 to regain bullish bias.

Ken Chigbo Independent Analyst

XRP/USD daily chart

A big retest is being eyed off a breached flag structure via the daily chart. There is also a chance the bulls capitalize on a near-term bull flag, following the bearish breakout.

XRP/USD 60-minute chart

Heavy buying saw the price spiking up to $0.1900 in the early part of the European session. Sustainability will be told as the session progresses, there is a risk of this being a short-squeeze.

Spot rate: 0.1905

Relative change: -3.70%

High: 0.1932

Low: 0.1741

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Crypto's future lies in tokenized real-world assets, not speculation

Atlas Capital CEO Reza Bandi stated that the crypto industry's next major growth phase will be driven by the tokenization of real-world assets rather than speculative trading. In an interview with FXStreet, Bandi identified three factors supporting the expansion of tokenization.

Top 3 Price Prediction: BTC remains vulnerable, ETH weakens further, XRP signals more downside

Bitcoin, Ethereum, and Ripple remain under pressure mid-week, as the broader cryptocurrency market struggles to regain recovery momentum. BTC struggles below $62,000, ETH continues to weaken below $1,650, while XRP’s momentum indicators remain biased toward further downside.

Crypto Overview: Bitcoin is back under $62,000 – Hyperliquid, DeXe lead losses

The broader cryptocurrency market is under pressure with Bitcoin slipping below $62,000 amid the US launching its third wave of strikes on Iran. Hyperliquid and DeXe are leading losses over the last 24 hours, risking the prevailing upward trend.

Bitcoin sell-off pushes over 50% of circulating supply into loss, hinting at market bottom

Bitcoin (BTC) dropped near $61,000 on Tuesday, with the latest sell-off pushing long-term market indicators toward levels historically associated with bear-market bottoms, according to a report by K33 Research.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

XRP/USD daily chart

XRP/USD 60-minute chart

Legal Text

Editor's Picks