XRP Price Prediction: As 16 Billion Password Leak Sparks Crypto Security Fears, Investors Flock To This Best Crypto Wallet For Top-Notch Security

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XRP price
XRP price

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The XRP price has increased slightly in the last 24 hours to trade at $2.17 as of 3:45 a.m. EST on a 36% drop in its trading volume to $1.4 billion.

The minor price jump happened against the backdrop of over 16 billion login credentials that were just leaked on the dark web. Researchers merged multiple infostealer caches into a single 16 billion-record database, and Apple, Google, Facebook, and more are now in the crosshairs.

The leak has sent shockwaves among crypto investors, raising serious security red flags. However, ethical analysts are saying two-factor authentication (2FA) may be the silver bullet that protects users from attacks. 

With hackers potentially eyeing targets with important crypto assets like XRP, traders are on edge. 

XRP Price Struggles Near Key Fibonacci Level

The XRP/USD 12-hour chart shows a slight dip over the last few hours. The 50 Simple Moving Average (SMA) (green line) sits at $2.21, while the 200 SMA (blue line) is at $2.23, hinting at a potential consolidation zone. 

The price has been on a tear since early April, climbing from a low of $1.61 to a peak near $3.991 (high) before pulling back.

Zooming into the Fibonacci retracement levels overlaid on the chart shows the 50% retracement at $2.156 is holding firm, with the 61.8% level at $1.939 acting as a psychological floor. 

Recently, the XRP price tested the 38.2% retracement level ($2.570) and was rejected, suggesting that bears are still in the game. However, the 16 billion password leak could spook the market, pushing XRP toward its 61.8% support level if panic selling ensues. 

XRP price

XRPUSD Analysis Source: Tradingview

On the other hand, if bulls hold their ground, there could be a push back to $2.65 or even to $3.21 again, representing a 51% surge from current levels.

In the short term, investors may expect volatility as the price could dip to $2.156 if fear dominates. Long-term, though, XRP’s utility in the Ripple ecosystem could drive it past $3.5 by Q3.

The chart’s momentum indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), indicate neutral to bearish conditions, so a further decline from here wouldn’t be surprising. 

Investors should closely watch the $2.157 level, as a break below this point could signal a potential red flag. However, a break above the falling wedge at $2.57 could push the XRP price to greener pastures.

Investors Rush To Best Wallet Presale With Top-Notch Security

Even as crypto investors scramble to secure their wallets against potential attacks, more are flocking to Best Wallet (BEST), a high-security non-custodial wallet whose presale just rocketed past $13.45 million.

Best Wallet is designed for everyone, both newbies and seasoned crypto fans alike. It’s a secure one-stop shop where you can buy, swap, and store assets across over 60 blockchains, including Bitcoin, Ethereum, and soon Solana. 

With support for 330 decentralized exchanges and 30 cross-chain bridges, it’s fast, cost-efficient, and user-friendly. Whether you’re trading tokens or managing a portfolio, Best Wallet keeps things simple without skimping on power.

Its Upcoming Tokens feature is a goldmine for spotting high-potential projects before they hit big exchanges. Take Wall Street Pepe (WEPE) for example, which surged 43% in a week, or MIND of Pepe (MIND), which also soared over 122%.

Projects like Solaxy (SOLX) and BTC Bull Token (BTCBULL) are also on the radar, raising $55 million and $7 million, respectively. This tool gives BEST holders early access to these gems, a perk that’s drawing serious attention.

Security is another strong suit. Best Wallet utilizes Fireblocks’ cutting-edge technology to split private keys, ensuring your assets remain secure. Scam filters block shady tokens, and fiat on-ramps via trusted partners, such as MoonPay, make buying crypto a breeze. 

What’s more, the upcoming Best Card will let you spend crypto at any Mastercard merchant worldwide, talk about bridging DeFi and real life.

Holding BEST unlocks lower fees, up to 103% staking rewards (APY), and a say in community governance.

Crypto analyst and YouTuber ClayBro, who has over 136K subscribers, believes BEST could soar 10X after launch.

With over 500,000 users and counting, Best Wallet’s goal to grab 40% of the $11 billion Web3 wallet market by 2026 feels within reach. 

Priced at just $0.025205, BEST tokens are flying off the virtual shelves, with a price hike looming in about 10 hours.

Interested investors can grab BEST tokens on the project’s website before the price jumps.

Visit the official Best Wallet website.

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