{"id":525938,"date":"2023-04-06T18:09:14","date_gmt":"2023-04-06T18:09:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=525938"},"modified":"2023-04-07T09:18:46","modified_gmt":"2023-04-07T09:18:46","slug":"xrp-bullish-streak-ends","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/xrp-bullish-streak-ends\/","title":{"rendered":"XRP Bullish Streak Comes To A Halt With 8% Dip"},"content":{"rendered":"<p><span style=\"font-weight: 400\">XRP, the digital currency associated with Ripple, started off strong on Wednesday with a promising gain of nearly 2%, holding steady above the safe $0.50 mark. However, early Thursday morning, XRP tumbled to $0.49 levels, signaling a choppy and uncertain trading day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the coin&#8217;s value hangs in the balance, the outcome of the Ripple vs. SEC case could have far-reaching consequences for both the cryptocurrency market and Ripple&#8217;s future.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The abrupt dip raises the question: are investors losing faith in the ongoing case &#8212; or is this merely a temporary blip on XRP&#8217;s upward trajectory?<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/5-biggest-losing-meme-coins-for-march\/\" target=\"_blank\" rel=\"noopener \">These Top 5 Meme Coins Are Bleeding As March 2023 Ends \u2013 Here\u2019s Why<\/a><\/div>\n<h2><strong>XRP Experiences Short-Term Dip, But Long-Term Outlook Remains Positive\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko data<\/span><\/a><span style=\"font-weight: 400\">, XRP is currently priced at $0.496676, experiencing a slight 0.6% dip in the past 24 hours and a more significant 8.5% dip in the last seven days. However, despite recent setbacks, the digital asset has still managed to register an impressive 30-day rally of 35.2%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Market onlookers have been <\/span><a href=\"https:\/\/u.today\/millions-of-xrp-on-move-is-sell-off-incoming\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">keeping a watchful eye on the Ripple case<\/span><\/a><span style=\"font-weight: 400\">, with many expressing optimism that it will result in a positive outcome for the company. This sentiment has spurred a surge in XRP&#8217;s price in recent weeks, as investors eagerly anticipate the resolution of the ongoing legal battle.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the recent dips, XRP&#8217;s impressive 30-day rally can be attributed to the bullish sentiment surrounding the Ripple case, and many are eagerly awaiting further developments in the coming weeks.<\/span><\/p>\n<h2><span style=\"font-weight: 400\"><strong>XRP&#8217;s Path To Bullishness<\/strong><\/span><\/h2>\n<p><span style=\"font-weight: 400\">As per <\/span><a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BITSTAMP%3AXRPUSD\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">TradingView charts<\/span><\/a><span style=\"font-weight: 400\">, XRP&#8217;s short-term prospects are reliant on breaking through the pivot point of $0.5106 to set sights on the first major resistance level at $0.5223, and ultimately target Wednesday&#8217;s high of $0.52646.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A return to $0.5150 would indicate an optimistic session. However, for the breakout to be sustained, the Ripple vs. SEC narrative must continue to bolster XRP.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the pivot point is not breached, XRP risks falling to the first major support level at $0.4947. However, as long as the selling pressure remains under control, the coin should hold steady above sub-$0.4850 and the second MSL at $0.4830.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/6JZtXzHj\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">XRP total market cap now at $25 billion on the daily chart at <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/woes-for-bitcoin-and-ethereum-as-price-weakens-which-direction-will-prevail\/\" target=\"_blank\" rel=\"noopener \">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin-dominates-top-10-crypto\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Dogecoin Dominates Top 10 Crypto Roster With 20% Rally In Last 7 Days<\/a><\/div>\n<h3><strong>Overcoming Resistance<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">If another extended rally ensues, XRP could test the second major resistance level at $0.5382. The third resistance Level is at $0.5658.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the legal proceedings continue, many will be watching closely to see whether XRP can sustain its bullish momentum and reach new heights in the weeks and months ahead.<\/span><\/p>\n<p><em>-Featured image from Investopedia<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP, the digital currency associated with Ripple, started off strong on Wednesday with a promising gain of nearly 2%, holding steady above the safe $0.50 mark. However, early Thursday morning, XRP tumbled to $0.49 levels, signaling a choppy and uncertain trading day.\u00a0 As the coin&#8217;s value hangs in the balance, the outcome of the Ripple vs. SEC case could have far-reaching consequences for both the cryptocurrency market and Ripple&#8217;s future. The abrupt dip raises the question: are investors losing faith in the ongoing case &#8212; or is this merely a temporary blip on XRP&#8217;s upward trajectory? Related Reading: These Top 5 Meme Coins Are Bleeding As March 2023 Ends \u2013 Here\u2019s Why XRP Experiences Short-Term Dip, But Long-Term Outlook Remains Positive\u00a0 According to Coingecko data, XRP is currently priced at $0.496676, experiencing a slight 0.6% dip in the past 24 hours and a more significant 8.5% dip in the last seven days. However, despite recent setbacks, the digital asset has still managed to register an impressive 30-day rally of 35.2%. Market onlookers have been keeping a watchful eye on the Ripple case, with many expressing optimism that it will result in a positive outcome for the company. This sentiment has spurred a surge in XRP&#8217;s price in recent weeks, as investors eagerly anticipate the resolution of the ongoing legal battle.\u00a0 Despite the recent dips, XRP&#8217;s impressive 30-day rally can be attributed to the bullish sentiment surrounding the Ripple case, and many are eagerly awaiting further developments in the coming weeks. XRP&#8217;s Path To Bullishness As per TradingView charts, XRP&#8217;s short-term prospects are reliant on breaking through the pivot point of $0.5106 to set sights on the first major resistance level at $0.5223, and ultimately target Wednesday&#8217;s high of $0.52646.\u00a0 A return to $0.5150 would indicate an optimistic session. However, for the breakout to be sustained, the Ripple vs. SEC narrative must continue to bolster XRP. If the pivot point is not breached, XRP risks falling to the first major support level at $0.4947. However, as long as the selling pressure remains under control, the coin should hold steady above sub-$0.4850 and the second MSL at $0.4830.\u00a0 XRP total market cap now at $25 billion on the daily chart at TradingView.com Related Reading: Dogecoin Dominates Top 10 Crypto Roster With 20% Rally In Last 7 Days Overcoming Resistance If another extended rally ensues, XRP could test the second major resistance level at $0.5382. The third resistance Level is at $0.5658. As the legal proceedings continue, many will be watching closely to see whether XRP can sustain its bullish momentum and reach new heights in the weeks and months ahead. -Featured image from Investopedia<\/p>\n","protected":false},"author":557,"featured_media":525943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[4735,3680,85514,13172],"class_list":["post-525938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-price-action","tag-ripple","tag-ripple-vs-sec","tag-xrp-price"],"acf":[],"yoast_head":"\n<title>XRP Price Bullish Streak Comes To A Halt With 8% Decline<\/title>\n<meta name=\"description\" content=\"XRP, the digital currency associated with Ripple, started off strong on Wednesday with a promising gain of nearly 2%, holding steady above the safe $0.50\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Bullish Streak Comes To A Halt With 8% Dip","url":"http:\/\/uniquehot.com\/news\/xrp-bullish-streak-ends\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/xrp-bullish-streak-ends\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-23.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-23.png?fit=540%2C345"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["price action","ripple","ripple vs sec","xrp price"],"dateCreated":"2023-04-06T18:09:14Z","datePublished":"2023-04-06T18:09:14Z","dateModified":"2023-04-07T09:18:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Bullish Streak Comes To A Halt With 8% Dip\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/xrp-bullish-streak-ends\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/xrp-bullish-streak-ends\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-23.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-23.png?fit=540%2C345\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"price action\",\"ripple\",\"ripple vs sec\",\"xrp price\"],\"dateCreated\":\"2023-04-06T18:09:14Z\",\"datePublished\":\"2023-04-06T18:09:14Z\",\"dateModified\":\"2023-04-07T09:18:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-23.png?fit=540%2C345","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/525938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=525938"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/525938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/525943"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=525938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=525938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=525938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}