Location & Language

Zenfinex Global Limited regulated by the Financial Services Authority (FSA) of Seychelles (SD092)

Ripple’s strong performance compared to Bitcoin and Ethereum since the beginning of the year

The cryptocurrency market is known for its high volatility, but recent weeks have witnessed even sharper fluctuations, especially following Trump’s announcement last Sunday about establishing a U.S. strategic reserve of cryptocurrencies, which includes Cardano, Solana, Ripple, Ethereum, and Bitcoin. This move signals his strong support for the industry.

Notably, for the third consecutive week, there has been an outflow from cryptocurrency investment products, particularly due to uncertainty surrounding the tariffs imposed by Trump’s administration on several countries, including Canada, Mexico, and China. This has driven investors to exit these products and seek safe-haven assets.

Ripple (XRP) is currently the third-largest cryptocurrency by market capitalization ($145 billion), following Bitcoin ($1.8 trillion) and Ethereum ($269 billion).

Additionally, reports indicate that major investment firms have submitted applications to the U.S. Securities and Exchange Commission (SEC) for the approval of exchange-traded funds (ETFs) related to Ripple.

Ripple’s price surged to $3.0285 on Sunday, March 2, 2025, its highest level since February 1, 2025. It is currently trading around $2.5000. Since the beginning of the year, Ripple has gained approximately 20%, outperforming Bitcoin, which has declined by 4%, and Ethereum, which has dropped by 33%. The biggest challenge for Ripple remains reaching and surpassing the $3.4000 level, which it last achieved on January 16, 2025.

Technical Analysis: Indicators Supporting Ripple’s Uptrend

  1. The Relative Strength Index (RSI) is currently at 51 points, signaling bullish momentum for Ripple.
  2. The MACD indicator (blue line) has crossed above the Signal Line (orange line), further confirming an upward trend.
  3. The 20-day moving average (gray) at $2.51 is approaching the 50-day moving average (blue) at $2.71. Any bullish crossover between these two moving averages could indicate further upside potential for Ripple.

Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.

Back

Popular Posts

DAX Index Hits Record Highs: Gains Defy Economic Reality

Strong Rally in Palladium Prices Supported by Market Fundamentals and Technical Indicators

Sharp Decline in NZD/USD to Lowest Level Since April 2025

Overview of Last Week’s Key Economic Events

Here are some related articles you may find interesting:

Market Insights​

October 16, 2025

DAX Index Hits Record Highs: Gains Defy Economic Reality

Recent German economic data continues to show signs of weakness in the country’s economy, as evidenced by the following indicators: The German ZEW Current Economic...

Market Insights​

October 15, 2025

Strong Rally in Palladium Prices Supported by Market Fundamentals and...

Palladium prices continue their upward trend, having reached $1,597 today — the highest level since May 11, 2023 — and are currently trading near the...

Market Insights​

October 14, 2025

Sharp Decline in NZD/USD to Lowest Level Since April 2025

The Reserve Bank of New Zealand (RBNZ) decided last week to cut interest rates by 50 basis points, contrary to expectations of a 25-basis point...

Market Insights​

October 13, 2025

Overview of Last Week’s Key Economic Events

Last week featured a range of important global economic developments. The minutes from the U.S. Federal Reserve meeting revealed that the majority of members expect...

Ready to Elevate Your Trading Journey?

Open a Taurex account and start trading today.

Live account Registration

1 Hour Trading Consultation

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.