XRP price started a steady increase above $1.50. The price is now consolidating gains and might aim for more gains above the $1.520 zone.
Ethereum (ETH) and Solana (SOL) options traders continued to lean bullish into Friday, while XRP (XRP) derivatives showed a more defensive tilt as investors paid up for downside protection. The split highlights how altcoin positioning is becoming increasingly idiosyncratic, with traders differentiating between relative strength bets and near-term volatility hedges.
A user lost 6,000 XRP after falling for a scheme that promised to double their funds. That case is one of several being reported as scammers step up their efforts against XRP Ledger users, prompting a public warning from Ripple's former chief technology officer.
XRP's ongoing sideways price action has started to influence the behaviors of investors on major cryptocurrency exchanges. Data shows that the correlation index between price action and cumulative volume delta (CVD) is undergoing a crucial shift that could play a role in the market's direction.
Leading cryptocurrencies were up in the green on Thursday after the Clarity Act passed the Senate Banking Committee on a bipartisan vote. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:05 p.m.
David Schwartz warned XRP Ledger users about rising airdrop and giveaway scams targeting the community. The Ripple CTO Emeritus said impersonators on Instagram, Telegram, and other platforms are likely scammers.
CharuSan XRP, a market analyst, believes the XRP price could rise immediately to $300 once banks begin using it as a global settlement asset. The analyst framed this high price as a basic requirement for XRP to function as a global payment rail, not a speculative move.
XRP Ledger recently registered about 2,649 new accounts in one day, while daily payment counts stayed consistently above one million transactions. XRP is consolidating near $1.40 to $1.45 after breaking descending resistance from March and trying to recover its 100-day EMA. Buyers continue defending $1.30 to $1.35 support, but the 200-day EMA near $1.
XRP has surged past the $1.50 mark following a massive 6.7% gain over the past 24 hours and an 8.8% increase over the last seven days.
Institutional adoption of cryptocurrency could be accelerated by passage of the CLARITY Act, Ripple CEO Brad Garlinghouse said Wednesday (May 13), according to a report by Binance News.
David Schwartz warned XRP Ledger users about escalating scams involving fake XRP giveaways, wallet-draining airdrops, impersonation accounts and AI deepfakes across social platforms. Ripple does not conduct free XRP giveaways, while fraudulent promotions can push users toward malicious websites, wallet connections or seed phrase exposure.
Ripple-promoted cryptocurrency XRP has reportedly emerged as a central focus in a growing list of proposed amendments ahead of Thursday's crucial vote.