Technical analyst Ali Martinez has said that the drop in crypto prices has allowed whales to accumulate more assets. In a post on X, Martinez reported that 342 new wallets holding more than 100 BTC were created as Bitcoin dipped from $104,000 to around $90,000.

Bitcoin, the world's oldest and largest cryptocurrency, rose back above the $101,000 level on Wednesday, clawing back most of its losses after a bruising sell-off earlier this week.

Crypto analyst Dark Defender has predicted that the XRP price could soon rally to as high as $5. The analyst further revealed what needs to happen in the short term for XRP to reach this target, which would mark a new all-time high (ATH) for the crypto.

Bitcoin's rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.

Ripple Labs' newest stablecoin product has received final approval from a prominent New York regulator. In a post on the social media platform X, Ripple chief executive Brad Garlinghouse says that Ripple USD (RLUSD) – the firm's new dollar-pegged crypto asset – has been approved by the New York Department of Financial Services (NYDFS).

Atomic Wallet, a well-known non-custodial decentralized wallet, recently made waves with its bold predictions about XRP's future. After previously expressing a sarcastic bullish stance on the cryptocurrency, the wallet platform raised concerns within the XRP community by suggesting that the digital asset might never reach the $3 mark again.

XRP has displayed a strong recovery over recent days, with prices climbing to $2.37 to $2.42 over the past hour, reflecting a 17% gain in 24 hours. Consolidation Phase or End of Rally? XRP at a Critical Crossroads XRP's upward momentum has brought the crypto asset close to a pivotal resistance zone at $2.

Ripple‘s native token (CRYPTO: XRP) has skyrocketed 20% over the last 24 hours, trading at $2.43, significantly outpacing Bitcoin's (CRYPTO: BTC) 5% rise to $100,500. The rally comes after Ripple Labs secured approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin on Tuesday, marking a pivotal step in Ripple's expansion into the burgeoning stablecoin market.

XRP, the native token of Ripple Labs, is poised for upside momentum as on-chain metrics, technical analysis, and recent whale activity hint at bullish signals. Recently, a whale transaction tracker, Whale Alert made a post on X (previously Twitter) that 22.08 million XRP tokens worth $46.13 million were transferred from Binance to an unknown wallet.

TL;DR XRP has reached $2.39 per unit, marking an 18.8% increase in the last 24 hours and an accumulated rise of 303% over the past 30 days. The cryptocurrency has shown impulsive movements since November, with experts highlighting its clear upward trend and potential for further growth.

In a notable display of resilience amidst a broadly subdued crypto market, XRP has surged 6.7% in the last 24 hours. Following a dip to as low as $1.90 on December 10, the asset is once again trading above $2.36, defying the predominantly bearish sentiment that has taken hold of the altcoin sector.

Ripple's native token, XRP, has been experiencing turbulence in the broader crypto market, but long-term projections remain optimistic. Despite a recent dip of 17%, XRP has the potential to reach significant milestones in the coming years.

As crypto wavers, an old companion whispers in the ears of traders: XRP and Dogecoin have not said their last word.

Large whales on the XRP Ledger have been heavily accumulating the network's native cryptocurrency, with data showing that as the price of the XRP token rises, so do large whales' holdings.

Wednesday morning's in line U.S. inflation data seemingly cleared the way for a Fed rate cut next week.

XRP has been experiencing interesting price movements lately, with an unexpected surge in retail interest. Google Trends data shows a rise in mentions of XRP and this surge has sparked a lot of retail hype. According to Brian from Santiment, it's fascinating how a strong 30-day performance can drive this kind of excitement.

Bitcoin rose back above $100,000 per coin Wednesday after U.S. inflation data matched expectations, with other top coins also popping.

Ripple CTO David Schwartz has a way of breaking down complex issues into simple explanations. Recently, in a lively discussion on X, he explained what makes Bitcoin (BTC) truly exceptional.

Dogecoin, XRP, and Bitcoin show MDIA trends hinting at potential bull market recovery.

According to Ripple CEO Bradley Garlinghouse, the company's RLUSD stablecoin has officially received final approval from the New York State Department of Financial Services (NYDFS).

On the back of mass market-wide liquidations, XRP seems to have found the footing needed for its next attempt at a new all-time high, according to an expert analyst. The post XRP Price Drops Below $2.20 – Was $1.94 the Key to Its Next Bullish Surge? appeared first on Cryptonews.

Ripple recently broke past its previous major swing high of $2, maintaining strong upward momentum and nearing its all-time high of $3.4. This price zone is critical, as a breakout above it could ignite a substantial rally to unprecedented levels.

A trader recently turned a modest $2,500 into an astonishing $200,000 by leveraging XRP futures at 500x on the cryptocurrency exchange Rollbit. While the risk was immense, the strategy paid off as XRP's price surged drastically, after the announcement of approval of RLSUD stablecoin.

XRP's price marked a milestone rise that ignited in the first week of November and elevated its market capitalisation from around $30 billion to as high as $135 billion. This move also temporarily surpassed the market cap of Tether, becoming the third largest token after Bitcoin & Ethereum.

With the NYDFS finally approving its RLUSD stablecoin, Ripple Labs aims to strengthen XRP's market standing, expand institutional adoption, and compete with USDC.

Ripple whale inflow to Binance hits a six months high with 2.66 million tokens XRP tokens transferred.

Ripple CLO criticises Crenshaw's anti-crypto stance and legal defiance. Crypto leaders urge Senate to block Crenshaw's renomination over policies.

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Ripple's CEO, Brad Garlinghouse, announced the big news on X this Tuesday. The green light from NYDFS is another feather in Ripple's cap.

XRP's price pattern is teasing a major bullish pattern alongside increased activity in the $5 strike call options on Deribit

Unlike most cryptocurrencies, XRP was trading relatively flatly over the course of most of 2024. However, even more interestingly, once the bull run kicked off in November, the digital asset experienced a huge move to the upside, with prices moving from roughly $0.5 to a high of $2.71

Many events have occurred on the cryptocurrency market amid the latest price drawdown. Whales, within the last few days, have engaged in opportunistic buying as the price of assets suffered a slight decline.

Analysts predict XRP could soar between $10 and $50, thanks to promising technical patterns.

The crypto market today has managed to upkeep its bullish momentum, with the global market cap increasing by 0.89% to reach a number of $3.5 trillion. Trading volume experienced a sharp spike of 18.58% to $275.6 billion. Amidst the current market sentiments, the Fear & Greed index currently sits at 73, signaling “Greed”.

As Ripple gears up for the launch of the RLUSD stablecoin, the XRP community is on high alert. Ahead of this key milestone, Ripple has issued an important warning.

A cryptocurrency trader turned $2,500 into $200,000 by leveraging 500x on XRP futures just before a 26% price gain following the NYDFS approval for Ripple stablecoin RLUSD.

It is likely that the $2.5-$2.7 zone would be a formidable short-term resistance for XRP.

TL;DR Ripple's RLUSD stablecoin has received approval from the New York Department of Financial Services, allowing it to be listed on major exchanges and partner platforms. Ripple has established strategic partnerships with several exchanges and market makers to facilitate the widespread adoption of RLUSD.

XRP bounced off the $2 level and has the potential to rally higher as bulls retake control. This comes as the Ripple community reacts positively to news that the Ripple USD (RLUSD) stablecoin is about to launch. Meanwhile, Dogecoin, which is above a key support area, and new crypto token iDEGEN are attracting investors.

Ripple (XRP) faces the risk of falling below $2 after a 12% decline in the past week. This potential drop is highlighted by technical indicators identified in recent XRP analysis, pointing to mounting bearish pressure.

With a strong bullish recovery, the XRP price has added 6.83% to its portfolio in 24 hours. Moreover, the Ripple token is trading at a discount of only 38.89% from its ATH of $3.84, which was recorded on 04th January 2018. Notably, it has surged over 300% in 30 days.

XRP price surges following RLUSD approval by New York regulators. Explore the latest XRP price analysis and key levels.

Ripple whales' decision to heavily accumulate the token amid a market dip has nabbed significant investor attention globally. On-chain data spotlighted by a top crypto analyst on Wednesday revealed that whales accumulated over 100 million XRP via exchanges as the market witnessed a crash recently.

XRP's recent price correction has sparked a frenzy among large-scale investors, with whales seizing the opportunity to accumulate massive amounts of the token.

As time winds down for the Senate Banking Committee to decide Crenshaw's future, the stakes are high.

The price of the native token of the XRP Ledger, XRP, has been outperforming the wider cryptocurrency market over the last 24-hour period, having risen by 4.7% at a time in which most digital assets are down over the same period. According to data from CryptoCompare, XRP is currently trading at $2.

XRP has surged significantly this month, driven by bullish momentum and widespread gains in the cryptocurrency market. Investor interest and positive sentiment have fueled this rally, positioning XRP as a standout performer.