In the absence of more regulatory support, cryptocurrencies have fed off broader market sentiment, which has turned sour in recent days.

XRP price could be gearing up for an astronomical rally to unbelievable highs, according to a group of analysts.

The XRP price may be at a significant risk of a big crash this year even as it faces major catalysts in the coming months. Ripple has formed the head and shoulders chart pattern, a popular bearish sign in the market that points to double-digit losses in the coming weeks.

Bitcoin, XRP, and other cryptocurrencies mounted another attempted rebound early Thursday after a brutal selloff in digital assets. Things got even worse for crypto assets Wednesday as Bitcoin suffered losses for a fourth consecutive day,