{"id":624132,"date":"2025-02-05T10:11:32","date_gmt":"2025-02-05T10:11:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624132"},"modified":"2025-02-05T10:11:32","modified_gmt":"2025-02-05T10:11:32","slug":"xrp-price-prediction-xrp-plummets-7-after-ripple-network-outage-while-this-crypto-wallet-ico-surges-past-9-1m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-xrp-plummets-7-after-ripple-network-outage-while-this-crypto-wallet-ico-surges-past-9-1m","title":{"rendered":"XRP Price Prediction: XRP Plummets 7% After Ripple Network Outage, While This Crypto Wallet ICO Surges Past $9.1M"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The XRP price plummeted 7% in the last 24 hours to trade at $2.50 as of 11:28 p.m. EST on trading volume that plunged 41% to $11.1 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after the XRP Ledger experienced a one-hour outage on February 4, which affected transaction processing but not user funds. According to preliminary findings, the major cause is a lack of published validations.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ripple blockchain is down. I repeat, Ripple blockchain is down.<a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> <a href=\"https:\/\/t.co\/Y56tv64wcx\">pic.twitter.com\/Y56tv64wcx<\/a><\/p>\n<p>&mdash; ANON GUY (@sunsnowbro) <a href=\"https:\/\/twitter.com\/sunsnowbro\/status\/1886906934865092985?ref_src=twsrc%5Etfw\">February 4, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">However, validator operators acted swiftly to restore normal functionality, which demonstrated community responsiveness during the outage.<\/span><\/p>\n<h2><b>XRP Price Trading Within Support<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\"><span style=\"font-weight: 400;\">XRP price<\/span><\/a><span style=\"font-weight: 400;\"> had a strong bullish rally, as indicated by the steep upward movement marked on the chart. This rally was followed by a sideways consolidation phase, suggesting a period of price accumulation before the next breakout.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following this consolidation, the price of XRP surged once again, testing a resistance zone near the $3.36 level before facing strong rejection, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This resulted in a downward price correction, forming what appears to be a rounded top pattern, which often signals a potential bearish reversal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price of the Ripple token is currently trading at $2.50, just below the 50-day Simple Moving Average (SMA) at $2.62. This signals potential short-term bearish pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The previous resistance level is now acting as a support zone around the $2.47 level. If this support holds, XRP may attempt a rebound. A breakdown below this support could push prices lower, potentially toward the 200-day SMA at $1.30.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Relative Strength Index (RSI) is at 38.31, which indicates that XRP is approaching oversold conditions. If the RSI dips further below 30, it could signal a strong buying opportunity. Conversely, if the RSI starts rising, it could indicate a potential price reversal.<\/span><\/p>\n<figure id=\"attachment_624136\" aria-describedby=\"caption-attachment-624136\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-624136\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-05_07-28-51.png\" alt=\"XRP Price Chart Analysis Source: GeckoTerminal\" width=\"1637\" height=\"666\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-05_07-28-51.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-05_07-28-51-300x122.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-05_07-28-51-1024x417.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-05_07-28-51-768x312.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-05_07-28-51-1536x625.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-624136\" class=\"wp-caption-text\">XRP\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2><b>Ripple Token Price Prediction<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Given the current technical setup, the XRP price is at a critical decision point. If XRP maintains the $2.50 support and rebounds above the 50-day SMA, it could retest the $3.50 resistance level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if XRP fails to hold the $2.50 support, it could drop further toward the $2.00 psychological support level. A deeper correction could push prices toward the 200-day MA at $1.30, a major support zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the meantime, investors are flocking to the <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Best Wallet (BEST)<\/span><\/a><span style=\"font-weight: 400;\"> presale, which popular YouTuber ClayBro, with over 136K subscribers, says is one of the best crypto wallets for 2025.<\/span><\/p>\n<p><iframe title=\"BestWallet Named Top 5 Crypto Wallets For 2025! Best Token Could Soar!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/vcq5uCbXyWA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><b>Best Wallet Presale Heads For $10 Million &ndash; Next Big Crypto?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Best Wallet is rapidly emerging as a top choice for those entering the cryptocurrency market and its presale has already surged past <\/span><span style=\"font-weight: 400;\">$9.1 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The wallet supports 60+ blockchains, featuring a built-in DEX, presale aggregator, and crypto debit card.&nbsp;<\/span><span style=\"font-weight: 400;\">Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">250K+ traders are locking in their edge with Best Wallet. &#128142;<\/p>\n<p>Track new tokens, trade seamlessly, and manage your entire portfolio in one app. &#9876;&#65039;<\/p>\n<p>The market moves fast, and staying ahead means having the right tools. <\/p>\n<p>Download Now! &#128242; <a href=\"https:\/\/t.co\/he5kzra7TY\">https:\/\/t.co\/he5kzra7TY<\/a> <a href=\"https:\/\/t.co\/AMgOYRzFPf\">pic.twitter.com\/AMgOYRzFPf<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1886384212514595165?ref_src=twsrc%5Etfw\">February 3, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Best Wallet is quickly gaining traction and is now competing with popular wallets like Trust Wallet and MetaMask, with the potential to outpace them due to its unique array of features.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A key feature that sets Best Wallet apart is its &ldquo;Upcoming Tokens&rdquo; section, a presale aggregator that identifies high-potential projects.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project&rsquo;s success in identifying promising projects is clear. It has already flagged <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Pepe Unchained (PEPU)<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/catslap\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Catslap (SLAP)<\/span><\/a><span style=\"font-weight: 400;\">, meme coins that delivered 500% and 3,000% gains, respectively, for early investors.<\/span><\/p>\n<p>BEST tokens can also be staked for a huge 188% annual return.<\/p>\n<p><span style=\"font-weight: 400;\">Currently, BEST tokens are priced at $0.023875. Buy before a price hike in less than 37 hours.&nbsp;<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Buy BEST tokens here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/is-wall-street-pepe-the-best-crypto-to-buy-now-after-eric-trump-shills-ethereum\"><span style=\"font-weight: 400;\">Is Wall Street Pepe The Best Crypto To Buy Now After Eric Trump Shills Ethereum?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/top-trending-cryptos-on-solana-chain-today-alphaarc-swarmnode-ai-doraemon\"><span style=\"font-weight: 400;\">Top Trending Cryptos on Solana Chain Today&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a 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\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The XRP price plummeted 7% in the last 24 hours to trade at $2.50 as of 11:28 p.m. EST on trading volume that plunged 41% <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/best-wallet\" title=\"Best Wallet\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":624140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-624132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Price Drops 7%, While This Crypto Wallet Raises Over $9M<\/title>\n<meta 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