XRP

The crypto market is in full rally mode, with Bitcoin climbing 8% and numerous altcoins posting even larger gains, some exceeding 30%. The surge marks a strong reversal from recent sharp price declines.

Despite a 25% year-to-date decline and a 44% drop from its July peak, technical analysts are spotting bullish signals for XRP, including a bullish divergence on the RSI and a hold above key historical levels.

This year’s anticipated Santa Rally is absent as XRP and Bitcoin test critical support levels, and the Nasdaq shows potential bearish reversal patterns, casting a nervous shadow over December markets.

The price of XRP fell by 6.5% to around $2, with trading volume surging over 90%. Analysts are watching the $2 psychological support level, while some point to a historical pattern from 2017 that preceded a massive price increase.

A new XRP exchange-traded fund (ETF) from 21Shares is launching in the US, marking the fifth such fund. Despite strong inflows and a significant drop in available XRP supply on exchanges, the price of Ripple’s cryptocurrency has yet to respond positively to the hype.

After four consecutive weeks of outflows, crypto investment products returned to form with nearly $1.07 billion in inflows last week, led by Bitcoin and XRP which recorded its strongest week ever.

Test your knowledge of the biggest crypto events in November, from a major Bitcoin price crash and XRP’s historic Wall Street debut to a U.S. government shutdown and key developments in the Netherlands.

XRP has fallen approximately 7% to around $2 amid a broader crypto market decline, with technical factors and ‘sell the news’ sentiment exacerbating the drop.

With the launch of multiple XRP ETFs, Wall Street is showing interest in Ripple’s token. This article explains what XRP ETFs are and why institutional involvement could boost the price.

This week’s most-read articles on our platform focused on in-depth analysis rather than hype, covering the impact of U.S. bond yields on Bitcoin, the surge in XRP and DOGE ahead of new ETF launches, and record inflows into crypto exchanges.