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Bitcoin (BTC) surged to a new all-time high during early Asian trading hours, hitting a peak of $106,449 before declining to its current level. The rally came as speculations grew about it becoming a United States reserve asset.

XRP maintains a strong market position above $2.35 with multiple technical indicators suggesting continued stability and potential upward movement, while trading volume and network activity support the current price structure.

SBI Holdings, one of Japan's financial giants, is under growing pressure to go all-in on XRP. GAM Investments, a global asset manager, has urged SBI to focus more on its XRP holdings, suggesting that the company adopt a bold strategy to realize its hidden potential.

Ripple's CTO David Schwartz cautioned investors about potential volatility and a “supply shortage” following the launch of RLUSD.

David Schwartz, Ripple's CTO, issued a warning regarding potential price volatility for RLUSD, a new USD-pegged stablecoin. This comes in when the RLUSD is heading toward its market debut while Ripple Labs gains regulatory clarity in the United States.

XRP price increased exponentially in 2024, a major milestone for this cryptocurrency amid the SEC vs. Ripple battles and years-long consolidation.

David Schwartz, Chief Technology Officer of Ripple, has issued a warning to investors regarding the anticipated supply constraints and potential price volatility for Ripple's new USD-pegged stablecoin, RLUSD, upon its launch.

The closer we get to the end of the year, the more heightened are the expectations of crypto market participants, and in particular the XRP community, about the release of the Ripple USD (RLUSD) stablecoin from the San Francisco-based crypto company of the same name. Previously, Ripple's CEO said that RLUSD is expected to be released in 2024, and with two weeks left until the new year, there is less and less time for the release.

Ripple's RLUSD stablecoin is generating pre-launch bids up to $1,244 despite warnings from CTO David Schwartz, who emphasizes the token's intended $1 peg and cautions against speculation ahead of its imminent market debut following New York regulatory approval.

The company made a big announcement on December 12th, 2024. It is investing $100 million to develop AI solutions for the XRP Ledger ecosystem.

Ripple's native cryptocurrency, XRP, has once again captured the attention of the crypto market after its recent 8% rebound. The cryptocurrency briefly dipped below the $2 mark on December 10th, leading some to speculate that its bullish trend might be losing steam.

Ripple's XRP is at the center of growing attention due to major ecosystem developments and price movements.

Ripple CTO David “JoelKatz” Schwartz has outlined how RLUSD—the upcoming stablecoin on the XRP Ledger—could initially trade at highly inflated prices, possibly even $1,200, despite its intended $1 peg. Speaking via X, he highlighted early supply bottlenecks, speculative fervor, and the fundamental market mechanics of stablecoins as factors likely to drive any short-lived spike.

David Schwartz, the Chief Technology Officer of Ripple, has warned investors about possible supply constraints and price fluctuations for the company's USD-pegged stablecoin, RLUSD, upon launch.

The cryptocurrency market has achieved a new high by hitting a market capitalization of over $3.7 Trillion. With this, Bitcoin price today has achieved a new all-time high of $106,488.25 during the early Asian market hours. This highlights a strong bullish sentiment in the crypto space.

Ripple CTO has cautioned that Ripple's upcoming US dollar-pegged stablecoin, RippleUSD (RLUSD), may face supply shortages upon launch. The post Ripple CTO Warns of Potential Supply Shortages in Early Days of Ripple's Stablecoin Due to Large Orders appeared first on Cryptonews.

Ripple's Chief Technology Officer, David Schwartz, has warned that while there may be temporary supply shortages when RLUSD launches, causing prices to briefly rise above $1, the price will soon stabilize as the market adjusts. He urged investors not to fall for “FOMO” (Fear of Missing Out) over possible early price fluctuations of the stablecoin.

Schwartz highlighted pre-market bids for RLUSD reaching $1,244, driven by buyers eager to claim the “honor” of being the first to buy it.

Ripple's RLUSD launch highlights the risks of speculative behavior in stablecoin markets, emphasizing the need for informed investment decisions. The post Ripple CTO advises against FOMO amid expected price spikes for RLUSD at launch appeared first on Crypto Briefing.

Seven years ago, Eddie Lobanovskiy designed the iconic XRP logo, symbolizing scalability and speed. Now, he's back with a new creation: the XRP $ARMY logo. Lobanovskiy described it as “the helmet of courage, an unstoppable ‘X' of strength,” symbolizing the power of the XRP Army.

XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone.

Ripple's XRP is currently trading slightly above the $2.40 levels and has slipped into the green zone.XRP is maintaining its position above the upper boundary of the trend channel and recently there has been increased volatility in the crypto market, raising hopes for a possible further move upward.

One trader has set a $1,200 bid for one RLUSD, an early warning sign there could be massive volatility when Ripple's RLUSD stablecoin launches.

XRP demand rises as SEC's appeal deadline nears and Gensler's exit looms, with market focus on Crenshaw's key reappointment vote.