- XRP price shows a lack of bullish momentum as it pulls back to retest a stable support level at $0.400.
- Ripple reveals in its latest quarterly report that 60% of $30 billion in payments were done through ODL.
- Investors should brace for the end of the uptrend and the start of a correction to $0.337.
Ripple released its Q4 report for 2022, which is part of its transparency efforts and has been ongoing for a few years now. The document contains a plethora of information focusing on the partnerships, sales, and major developments that it underwent in the months before.
Despite the positive tone of the quarterly report, the XRP price action points to a downward correction.
Ripple dominates as a payments-faced project
Ripple’s Q4 2022 report noted that its payments arm RippleNet processed $30 billion in payments and 20 million in transactions since its inception, out of which, 60% were On-Demand Liquidity (ODL) originations.
ODL is a service that Ripple offers. It eliminates the need for pre-funded accounts for cross-border transfers. Nostro-Vostro accounts in traditional finance have massive funds locked on both ends, but with ODL, these transfers use the XRP token for settlement.
Ripple mentions that in Q4 of 2022, ODL was launched in “France and Sweden in partnership with payments providers Lemonway and Xbaht, respectively.” Similar developments were noted in Africa via MFS Africa, a leading payments gateway in the region.
XRP price continues to struggle
XRP price rallied 29% since January 1 and set up a local top at $0.448. While impressive, this uptrend shies in comparison to the returns of Bitcoin, Ethereum or other altcoin rallies. Regardless, the remittance token sliced through the $0.400 hurdle and set up a local top at $0.431.
Now, a breakdown of the $0.400-to-$0.380 support structure will signal the start of a downtrend. In such a case, XRP price could retest the immediate support level at $0.367, but a breakdown of this level will send it down to $0.337. This move would constitute a 13% downswing.
Although unlikely, a spike in selling pressure that pushes XRP price to breach the $0.337 barrier will open the path for bears to continue their rampage and tag the $0.288 barrier.
XRP/USDT 1-day chart
Regardless of the short-term bearish outlook, XRP price can sidestep this fate by producing a daily candlestick close above the $0.448 hurdle. This flip would provide sidelined buyers a signal to accumulate, triggering another leg-up to $0.4781.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Crypto Today: Traders discuss Solana futures and Ethereum Hoodi update as Bitcoin price stalls at $83,000
Amid a 2% decrease in market capitalization, crypto trading volume surges 42% to $87.2 billion in the last 24 hours, signalling active capital rotation. Bitcoin price stagnates below $85,000 as Gold enters a record rally to $3,000 ahead of the US Fed rate decision.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH, XRP gain as MicroStrategy buys $10.7 million BTC
Bitcoin (BTC) daily price chart shows signs of recovery in the largest cryptocurrency. Strategy, one of the largest corporate holders of Bitcoin, acquired another 130 BTC last week, according to an announcement on Monday.

Top Formula 1 crypto sponsors rally, racing fans gain from Binance Coin, OKB, ApeCoin and Crypto.com
The 2025 Formula 1 season kicked off in Australia last week with a lineup of crypto sponsors for half of the teams. Racing giants are powered by sponsors like crypto exchanges Binance, OKX, ApeCoin, and Crypto.com, among other NFT and trading platforms.

SEC pumps brakes on altcoin ETFs, institutional interest remains
The US SEC postponed its decisions on several spot altcoin ETF applications this week, including those for Litecoin, XRP and Solana. A K33 Research report shows there is consensus but the agency is waiting the confirmation of Trump’s nominee for SEC Chair.

Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation
Bitcoin price remained constrained within a tight 8% channel between $76,000 and $84,472 this week. With conflicting market catalysts preventing prolonged directional swings, here are key factors that moved BTC prices this week, as well as key indicators to watch in the weeks ahead.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.