{"id":631736,"date":"2024-07-26T22:00:26","date_gmt":"2024-07-26T22:00:26","guid":{"rendered":"https:\/\/wncen.com\/?p=631736"},"modified":"2024-07-26T12:14:12","modified_gmt":"2024-07-26T12:14:12","slug":"xrp-bitcoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-bitcoin-and-ethereum\/","title":{"rendered":"Analyst Says XRP Remains Strongest Compared To Bitcoin And Ethereum, Here\u2019s Why"},"content":{"rendered":"

Crypto analyst RLinda<\/span><\/a> has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum\u2019s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has <\/span>underperformed<\/span><\/a> since the start of the year.\u00a0<\/span><\/p>\n

XRP Is The \u201cStrongest\u201d In The Market<\/h2>\n

RLinda mentioned in a <\/span>post<\/span><\/a> on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its \u201cimproving fundamental backdrop.\u201d She alluded to the long-running legal battle between the US <\/span>Securities and Exchange Commission (SEC)<\/span><\/a> and how Ripple CEO Brad Garlinghouse <\/span>recently stated<\/span><\/a> that he expects the lawsuit to end \u201cvery soon.\u201d<\/span><\/p>\n

Related Reading: Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First<\/a><\/div>\n
\"XRP
Source: TradingView.com<\/figcaption><\/figure>\n

RLinda also mentioned <\/span>the rumors<\/span><\/a> that the SEC\u2019s closed-door meeting on July 25 was related to a potential settlement with Ripple. As such, these bullish fundamentals have led to rising trading volumes, prices hitting local highs, and increased whale activity. Bitcoinist <\/span>recently reported<\/span><\/a> that XRP whales accumulated over 140 million XRP tokens this past week.\u00a0<\/span><\/p>\n

Network activity on the <\/span>XRP Ledger (XRPL)<\/span><\/a> has increased significantly, with a notable increase in the number of new addresses on the network and total addresses interacting on the network, both metrics at their highest levels since March. This again highlights the bullish sentiment that investors are beginning to have towards XRP in anticipation of higher prices.\u00a0<\/span><\/p>\n

These investors expect that the conclusion of the legal battle between the SEC and Ripple could trigger a massive rally for XRP, especially considering that this case is <\/span>believed<\/span><\/a> to have been a stumbling block to XRP\u2019s growth in the 2021 bull run. XRP is also long overdue for such a rally, seeing how it has consolidated for over six years. As such, an end to the lawsuit could provide the much-needed catalyst to spark such price movement.\u00a0<\/span><\/p>\n

Interestingly, crypto analysts like JackTheRippler <\/span>previously predicted<\/span><\/a> that XRP could climb as high as $100 once the case between the SEC and Ripple ends.\u00a0<\/span><\/p>\n

Key Price Levels To Watch Out For<\/h2>\n

RLinda<\/span><\/a> mentioned that the price range between $0.6378 and $0.5712 is worth paying attention to from a <\/span>technical perspective<\/span><\/a>. She claimed that XRP\u2019s price may test liquidity below the support before <\/span>subsequent growth<\/span><\/a> if it fails to break the resistance level at $0.6378. She also highlighted another crucial resistance level at $0.7440.<\/span><\/p>\n

Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline<\/a><\/div>\n

Meanwhile, according to RLinda, $0.5712 and $0.5100 are <\/span>crucial support levels<\/span><\/a> that XRP needs to hold above, as a drop below these levels could invalidate its bullish outlook. The analyst again alluded to <\/span>the lawsuit<\/span><\/a> and asserted that it would give XRP a \u201csecond life.\u201d She suggested this could lead to a successful breakout from the $0.6378 price level, which she added will \u201copen a new path\u201d for the crypto token.\u00a0<\/span><\/p>\n

At the time of writing, XRP is trading at around $0.6, up almost 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"XRP
Token price wobbles | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst RLinda has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum\u2019s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has underperformed since the start of the year.\u00a0 XRP Is The \u201cStrongest\u201d In The Market RLinda mentioned in a post on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its \u201cimproving fundamental backdrop.\u201d She alluded to the long-running legal battle between the US Securities and Exchange Commission (SEC) and how Ripple CEO Brad Garlinghouse recently stated that he expects the lawsuit to end \u201cvery soon.\u201d Related Reading: Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First RLinda also mentioned the rumors that the SEC\u2019s closed-door meeting on July 25 was related to a potential settlement with Ripple. As such, these bullish fundamentals have led to rising trading volumes, prices hitting local highs, and increased whale activity. Bitcoinist recently reported that XRP whales accumulated over 140 million XRP tokens this past week.\u00a0 Network activity on the XRP Ledger (XRPL) has increased significantly, with a notable increase in the number of new addresses on the network and total addresses interacting on the network, both metrics at their highest levels since March. This again highlights the bullish sentiment that investors are beginning to have towards XRP in anticipation of higher prices.\u00a0 These investors expect that the conclusion of the legal battle between the SEC and Ripple could trigger a massive rally for XRP, especially considering that this case is believed to have been a stumbling block to XRP\u2019s growth in the 2021 bull run. XRP is also long overdue for such a rally, seeing how it has consolidated for over six years. As such, an end to the lawsuit could provide the much-needed catalyst to spark such price movement.\u00a0 Interestingly, crypto analysts like JackTheRippler previously predicted that XRP could climb as high as $100 once the case between the SEC and Ripple ends.\u00a0 Key Price Levels To Watch Out For RLinda mentioned that the price range between $0.6378 and $0.5712 is worth paying attention to from a technical perspective. She claimed that XRP\u2019s price may test liquidity below the support before subsequent growth if it fails to break the resistance level at $0.6378. She also highlighted another crucial resistance level at $0.7440. Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline Meanwhile, according to RLinda, $0.5712 and $0.5100 are crucial support levels that XRP needs to hold above, as a drop below these levels could invalidate its bullish outlook. The analyst again alluded to the lawsuit and asserted that it would give XRP a \u201csecond life.\u201d She suggested this could lead to a successful breakout from the $0.6378 price level, which she added will \u201copen a new path\u201d for the crypto token.\u00a0 At the time of writing, XRP is trading at around $0.6, up almost 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":631781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[428,656,679,1119,89185,1122,1144,78790,8323,89213,16163,1946,7931,6931,8686,78803,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-631736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nAnalyst Says XRP Remains Strongest Compared To Bitcoin And Ethereum, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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