XRP Price Analysis for January, 21th - XRP Stabilized
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex
Disclaimer
Any predictions contained herein are based on the author’s particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.
The Polygon ecosystem has rapidly grown into one of the most dynamic layers within the…
Decentralized exchanges (DEXs) are platforms built on blockchain networks (often Ethereum, BNB Chain, Solana, etc.)…
Restaking is a model built off Ethereum staking infrastructure (like EigenLayer and related protocols) that…
Rune-based tokens operate within the Runes ecosystem, a layer built on Bitcoin enabling fungible token…
Tokens featured on Binance Launchpool are typically issued via Binance’s community farming platform. Participants stake…
In the ever-evolving world of crypto, Telegram bot tokens have quietly carved out a niche,…
On Friday, February 12th, Ripple looks rather good, trading at 0.5505 USD.
On D1, XRP/USD sky-rocketed corrected and goes on growing. We can suppose that the quotations will pull back a bit to 61.8% Fibo and then keep on growing. The aim of growth is 0.7100 USD. The MACD histogram is rising, and its signal lines are above zero, which is an additional signal for further growth.
On H4, the quotations are correcting to 61.8% Fibo. The price might soon bounce off it and head for 100.0% Fibo. The Stochastic has formed a Golden Cross near 20 and keeps growing, supporting the uptrend even further. When the pullback is over, the pair can resume the uptrend in the nearest future. The aim of the growth is the same as on the larger timeframe – 0.7100 USD.
What is DePIN? DePIN stands for Decentralized Physical Infrastructure Network, a powerful concept that leverages…
The 2024–2025 bull cycle has seen Bitcoin maintaining its strong performance, hitting $108,200 following a…
Headlines are once again being made by the price of Bitcoin, which in the last…
Since yesterday, a major crypto player Huobi, alongside another “colleague”, made transactions for 610 million XRP tokens. This is about 278.5 million USD. The money was transferred in 3 trades between Huobi exchange wallets. It might have been moved from long-term storage to an operating one.
For February 22nd, court hearings are scheduled. As you remember, the US SEC is accusing Ripple, one of the main participants of the crypto market. This will be the first hearing, likely to be followed by more, and for Ripple and its token, this situation is a serious and lengthy threat to reputation, which has already been reflected in the quotations. In Ripple, they have long been looking for an optimal place for their headquarters to avoid the SEC until some clear regulations appear.
In February, the XRP rate follows the overall market mood, but a conflict with the SEC prevents investors from buying the cryptocurrency for a longer-term. When anything gets clear during the hearing, investment horizons will also clear up.