Latest Ripple price and analysis (XRP to USD)

XRP continues to trade in a stagnant range with an element of bias following the SEC's allegations against the Ripple Foundation in December

Ripple’s controversial XRP token remains in a bearish posture against its USD trading pair on Thursday, with it currently trading below the historical $0.30 level of resistance.

The world’s fifth largest cryptocurrency, which fell behind Polkadot in terms of market cap last week, is still reeling following December’s SEC lawsuit against the Ripple Foundation.

The regulator alleges that the Ripple Foundation, the company behind the XRP token, has been conducting an ongoing unregistered securities sale.

This caused the price of XRP to crash to as low as $0.177 despite trading at a yearly high of $0.78 just days before.

XRPUSD chart by TradingView

At the time of writing XRP has, to its credit, recovered to a point where it is now trading at $0.28. What’s more is that XRP has actually gained significant ground against its Bitcoin trading pair, surging from 629 satoshis on January 3 to 867 satoshis today, marking a 36% increase.

XRP investors may also be breathing a sigh of relief in light of the new president in the United States, with Biden opting for crypto-friendly Gary Gensler as the new SEC chairman.

While it’s unclear what Gensler’s particular view on XRP is, Ripple CEO Brad Garlinghouse said that he hopes his team can build a beneficial relationship with the new SEC board.

From a technical perspective, XRP needs to take out the $0.30 level of resistance to offer hope of a bullish breakout, while it’s also important that it continues trading above the $0.215 level of support.

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Latest Ripple price

Current live XRP price information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ripple price. Pricing is also available in a range of different currency equivalents:

US Dollar – XRPtoUSD

British Pound Sterling – XRPtoGBP

Japanese Yen – XRPtoJPY

Euro – XRPtoEUR

Australian Dollar – XRPtoAUD

Russian Rouble – XRPtoRUB

Bitcoin – XRPtoBTC

About Ripple (XRP)

Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money.

Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation.

More Ripple news and information

If you want to find out more information about Ripple or cryptocurrencies in general, then use the search box at the top of this page. Here’s a recent article to get you started:

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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