XRP News: Price Breaks Above 50 EMA, Targeting $3+ Amid Investor Excitement and Warning of Potential Decline

XRP Price Breaks Above 50 EMA, Targeting $3+

XRP is currently hovering around $2.47 after breaking above the 50 EMA, signaling a possible bullish trend. Crypto Twitter is buzzing with excitement about the latest XRP price prediction, which targets a milestone of $3+. While debates rage on about the XRP price prediction for 2025, some investors are looking towards presales like Dawgz AI that combine AI-powered trading with meme culture.

Trader Peter Brandt Warns of Potential 55% Decline in XRP

Despite recent positive developments, XRP continues to face strong bearish pressure and has declined approximately 4.12% over the past week. Even after Ripple secured a major victory against the U.S. Securities and Exchange Commission (SEC) and finalized a settlement, investors remained cautious and avoided trading on the news. Veteran trader Peter Brandt has issued a stark warning, pointing to a potential 55% decline if a head and shoulders pattern unfolding on the daily chart is validated.

XRP Price Teeters at $1.90—Crash to $1.07 or Rally?

XRP’s price is at a critical juncture, teetering between collapse and breakout as traders watch the $1.90 and $2.50 levels. A head-and-shoulders formation, flagged by trader Peter Brandt, threatens a 55% drawdown to $1.07 if the price breaks below $1.90. However, bullish signals, rising futures interest, and time-based breakouts offer a contrasting outlook. XRP is down 4.7% over the past seven days.

Ripple Partners with Chipper Cash to Expand Crypto-Powered Cross-Border Payments in Africa

Ripple has announced a partnership with Chipper Cash, a cross-border payments app, to bring crypto-powered money transfers into Africa. The collaboration aims to make faster, cheaper, and more efficient cross-border payments to Chipper Cash’s five million customers in nine countries across the continent. Reece Merrick, Ripple’s managing director for the Middle East and Africa, noted that businesses and consumers in the region are increasingly recognizing the potential of blockchain technology. The announcement was made in a blog post on Thursday.