NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Key XRP Technical Indicator Disagrees With Parabolic Price Rally

Yashu Gola
Yashu Gola
4 years ago
2 mins read
XRP Price Prediction

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

XRP, the Ripple blockchain’s native token, is up more than 600 percent in 2021 even though it remains in a tense court battle with the US Securities and Exchange Commission over its legal status.

The world’s fourth-largest cryptocurrency by market cap now, XRP has continued its climb, entering the second quarter. According to data provided by Messari, the token has surged around 194 percent in April alone. In comparison, its top rivals, Bitcoin and Ethereum, are up almost 6.5 percent and 12.5 percent, respectively.

If XRP’s upside acceleration continues, it can replace Binance exchange’s BNB token to become the third-largest cryptocurrency by market cap. BNB is up 65 percent quarter-to-date.

Bearish Divergence

But the rally in the Ripple token market comes on the heels of bearish alerts. One of the primary reasons XRP/USD could undergo a strong downside correction is a bearish divergence between its rising bids and decreasing momentum.

In retrospect, the Relative Strength Indicator (RSI) on XRP’s four-hour chart has formed a sequence of lower highs after topping out on April 5. On the other hand, its price has logged higher highs. Together, they indicate weakness in XRP’s uptrend, a phenomenon otherwise known as bearish divergence.

XRP is breaking of a Bullish Wedge pattern. Source: XRPUSD on TradingView.com
XRP is breaking of a Bullish Wedge pattern. Source: XRPUSD on TradingView.com

Bulls remain enthusiastic, nonetheless, partially because Ripple Labs, the San Francisco blockchain company behind XRP, has walked unharmed so far in an ongoing lawsuit filed against it by the SEC. That includes a recent court ruling that stopped the US agency from looking into the personal accounts of Ripple Labs’ chief executive Brad Garlinghouse and co-founder Chris Larsen.

Meanwhile, Ripple Labs recently won another court battle against one of its early-stage investors, Tetragon Financial Group. According to James K. Filan, a defense lawyer in the US, the ruling could serve as the basis to fight the SEC’s allegation against Ripple Labs. The agency alleges that the Ripple management sold illegal securities in the form of XRP tokens.

Technical Outlook

But technically, it is time for bullish traders to be proactive about risk assessment. That means using tighter stops, protecting options, or just reviewing their portfolio with assets that offset XRP’s overvaluation risks. It also looks ideal to short the XRP market by buying put options as a form of hedging exercise.

Ripple Labs has walked closer to beating the SEC, but the legal battle could go on for a while. Any uncertainty over XRP’s legal status — whether or not it’s a security token — would increase downside risks in the token’s market.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP Large

Ripple Exec Reveals What Will Drive The XRP Price Value

Ripple Labs Chief Technology Officer, David Schwartz, has offered rare and pointed clarity on what drives the XRP price value...

Sandra White 1 day ago
Ripple

SEC Delays Appeal Withdrawal In Ripple Lawsuit, Pro-XRP Lawyer Says Expect To Hear Something In This Timeframe

The Ripple vs. SEC lawsuit appears to be nearing its final stages, but the path is not yet clear. Although...

Scott Matherson 1 day ago
XRP utility debat gaat viral - Ripple CTO onthult waarom XRP koers kan verdubbelen

XRP utility debat gaat viral – Ripple CTO onthult waarom XRP koers kan verdubbelen

Recentelijk is er een XRP Utility debat viraal gegaan tussen de Ripple CTO en Andrei Jikh. Wat is de invloed...

Lars Diederiksen 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP

Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why

Scott Matherson 7 hours ago
XRP

XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

Godspower Owie 23 hours ago
XRP

Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First

Scott Matherson 1 day ago

Premium Sponsors

Press Releases

  • Use Quid Miner cloud mining mobile app: easily earn passive...

    8 hours ago
  • Najlepšia Kryptomena na Investíciu v Auguste 2025 – HYPER, MAXI, T6900, SNORT, SUBBD, BEST, ETH

    Najlepšia Kryptomena na Investíciu v Auguste 2025 –...

    1 day ago
  • A must-read for miners in 2025! ETHRANSACTION is disrupting...

    1 day ago
  • XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento týždeň na trhu?

    XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento...

    1 day ago
  • Nejlepší kryptoměny k investování v srpnu 2025 –...

    1 day ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.