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Hovering within a descending triangle pattern on the chart, XRP is clearly struggling. Although XRP experienced a huge spike earlier, it is currently struggling to recover and surpass significant resistance levels.
Ripples RLUSD stablecoin is making waves with a $1,200 wallet listing, stirring excitement and caution in the XRP community. Ripple CTO David Schwartz explains the surge, advising holders to stay grounded ahead of the stablecoins official debut.
XRP's 8% rebound and rising on-chain activity suggest that its bullish rally may not be over.
XRP, the native token of Ripple Labs, is gaining significant attention from crypto experts and community members worldwide. Over the past few days, XRP has been consolidating in a range, with whales and institutions showing strong interest and confidence in the token, as revealed by the on-chain analytics firm Coinglass.
David Schwartz, chief technology officer at San Francisco-based blockchain firm Ripple, has cautioned the XRP community that there might be supply shortages of the new RLUSD stablecoin.
According to data from CoinMarketCap, XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP circulating.
The price of Bitcoin came within a few hundred dollars of the record Sunday while other assets like Dogecoin and XRP are quietly climbing.
XRP began soaring after Donald Trump's election win last month, but the crypto's climb turned into a rocketship ride after Securities and Exchange Commission (SEC) Chair Gary Gensler announced that he will resign effective January 20, 2025.
On Dec. 15, 2024, XRP is caught in a dance of indecision, hovering around the $2.40 mark as buyers and sellers tussle for dominance. XRP XRP's daily chart shows a thrilling ascent from $0.57 to $2.90, followed by a cool-down and settling near $2.40. This spot has become a crucial support after a refreshing correction.
XRP has definitely emerged as a winner in the crypto market over the past few weeks. With the price of the token skyrocketing over 500% since November, many XRP enthusiasts and market participants in general have begun to speculate on where it's going and if the sky's the limit.
Ripple's long-anticipated journey toward becoming a publicly traded company has kept the XRP community on edge. Although discussions around a $30 billion valuation have circulated for over a year, the path to accessing stocks remains a point of interest — and controversy.
Ripple's Chief Legal Officer Stuart Alderoty has once again taken aim at the U.S. Securities and Exchange Commission (SEC), calling attention to the agency's regulatory approach. In a recent tweet, Alderoty highlighted the SEC's tactics, characterizing them as "lawless.
A photo of Ripple's chief legal officer, Stuart Alderoty, standing next to entrepreneur and Department of Government Efficiency (D.O.G.E.) co-chair Vivek Ramaswamy, has gone viral in recent days.
XRP's payment volume has drastically decreased, dropping by about 97% from its Dec. 2 peak of 3.7 billion XRP to much lower levels in recent days. The current sentiment and market dynamics surrounding XRP are called into question by this decline in transaction activity.
According to data provided by Google Trends, searches for the XRP cryptocurrency recently reached a new peak, overshadowing the 2017 peak.
XRP consolidates at $2.41, testing key resistance at $2.50. Will a breakout push XRP to $3? Fed rate decision this week could fuel a bullish move. The post XRP Price Stalls at $2.41 – Could XRP's Next Move Be a Surge to $3? appeared first on Cryptonews.
Popular market analyst Egrag Crypto has tipped XRP to soon hit the $2.90 price mark. This prediction comes amidst little movement in the XRP market following a consolidation between $2.25-$2.50 over the past few days.
Elon Musk is embroiled in an ongoing dispute with the U.S. Securities and Exchange Commission (SEC). Musk's lawyer, Alex Spiro, recently accused the SEC of a harassment campaign against Musk and his companies, including Neuralink. The SEC has given Musk a 48-hour ultimatum to settle and has issued subpoenas.
SEC's Ripple case appeal and XRP-spot ETFs loom large. Will XRP rally above $2.9070 or fall below $2?
XRP, the cryptocurrency associated with Ripple, has managed to maintain a steady performance despite a challenging market environment that has seen declines across many digital assets. In the face of growing volatility, XRP's ability to resist significant price drops has caught the attention of investors and analysts alike.
Ripple's XRP is currently down by more than two percent and is trading at the $2.41 levels. The altcoin is down by more than seven percent in the last seven days. XRP is still technically within a larger bull market, with no confirmed lower highs or lows on the weekly time frame.
With the XRP price set to make its next move, crypto analyst Dark Defender has revealed the next major support and resistance levels for the crypto. The analyst also suggested that XRP's next move could happen sooner than expected.
Elon Musk's SEC battle has drawn criticism from Ripple's legal chief, Vivek Ramaswamy, and Chamath Palihapitiya, who accuse the regulator of corruption, coercion, and partisan overreach. SEC Faces Backlash Over Elon Musk Case: Ripple's Legal Chief Weighs in Elon Musk's ongoing battles with the U.S.
XRP has skyrocketed 370% since Donald Trump's election victory, taking the lead in what's now being dubbed the “Trump trade bull run.” Bitcoin, for all its clout, has only climbed 46%, and the broader crypto market, measured by the CoinDesk 20 index, has risen 93%.
