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Captain

<p>The post <a href="https://coinpedia.org/price-analysis/ripple-news-xrp-price-to-hit-new-ath-in-q2-heres-why/">Ripple News: XRP Price To Hit New ATH in Q2 – Here’s Why</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin’s (BTC)</a> price dropped below $40k in the past 24 hours for the first time since the beginning of 2024, Ripple Labs-backed XRP continued to showcase short-term weaknesses. According to the latest crypto market data, the <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP price</a> slipped nearly 3 percent in the past 24 hours, leading to trading around 52 cents on Tuesday. </p> 
<p>XRP enjoys robust support from institutional investors and retail traders due to its intrinsic value as a cross-border currency. Nonetheless, XRP faces immense headwinds as emerging crypto projects focus on cross-border payments and are not on the U.S. SEC’s radar.</p> 
<h2 class="wp-block-heading" id="h-xrp-whales-on-selling-spree">XRP Whales on Selling Spree</h2> 
<p>The past few days have been a bee hive of activity for the XRP whales amid heightened crypto bearish sentiments triggered by the approval of spot Bitcoin ETFs in the United States. With more than $77 million worth of XRP deposited in centralized exchanges, the possibilities of further price drop are undeniably high.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/ripple-price-bearish-trend-continues-how-low-can-xrp-price-drop/">Ripple’s Bearish Trend Continues with 7% Drop! Can the Price Rebound Soon?</a></p> 
<h2 class="wp-block-heading" id="h-captain-faibik-on-xrp-price-action">Captain Faibik on XRP Price Action</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> will Bounce Back Very soon &amp; hit the New All time High in Q2 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw">#XRPArmy</a> <a href="https://t.co/B1Zl9TR238">pic.twitter.com/B1Zl9TR238</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1749669885968552320?ref_src=twsrc%5Etfw">January 23, 2024</a>
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<p>Having consolidated in a triangular pattern since hitting its all-time high in 2018, the XRP price is fast approaching the apex that leads to an inevitable breakout. According to a popular crypto analyst, Captain Faibik, on the X platform, the XRP price will find a solid support level of around 48 cents before a rebound toward $2 during the second quarter of 2024. </p> 
<p>The bullish breakout in the second quarter is more likely to happen if the upcoming trial on the SEC vs. Ripple ends in favor of the blockchain payment company.</p> 
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Ripple News: XRP Price To Hit New ATH in Q2 – Here’s Why

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