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The XRP price is holding steady around $2.4, but concerns are growing about a potential drop below $2. With Bitcoin struggling to break past $104K, could XRP follow suit and crash?
XRP is trading at $2.41, with an intraday range of $2.38 to $2.52, a market cap of $137.70 billion, and a 24-hour trading volume of $8.77 billion, highlighting a phase of consolidation. XRP On the 1-hour chart, XRP shows a short-term downtrend following a retreat from a local high of $2.
XRP has experienced a significant surge today, showing signs of strong recovery after a period of market volatility.
Recent developments like XRP ETF filings, the announcement of a new SEC Chair, and the news of RLUSD stablecoin have further fueled XRP ETF launch speculations. But surprisingly, BlackRock has revealed no recent plans to file an ETF application for XRP or any other altcoins.
Ripples market moves, including its RLUSD stablecoin launch, have added fuel to rumors surrounding BlackRocks potential role in shaping the XRP ETF landscape. Grayscales remarkable growth adds a new layer of intrigue to the crypto narrative.
South Korea's National Assembly voted to impeach President Yoon Suk Yeol on Saturday, which intensified the nation's political uncertainty and tanked the national currency. The move comes after Yoon's controversial attempt to impose martial law in early December, which opposition leaders condemned as a threat to democratic order.
The world of cryptocurrencies is buzzing, and this time, it's XRP that is making the headlines. With an unprecedented flow of 2.66 billion tokens transferred on Binance in 30 days, the "whales" are taking control of the market.
Recently, XRP has been in the spotlight with its price jumping over 5% to $2.46, over the past 24 hours. Notably, the price of XRP has both soared and suffered a blow major blow. From a low of $0.7726, the coin has reached as high as $2.86, just shy of the $3 resistance.
With Donald Trump's win, the hopes around crypto regulations and supportive practices have increased. The re-elected President is already on the move, and picking his association seems crypto-friendly, which is nothing less than an achievement for the crypto investors.
As the markets are heading towards the last few days of the yearly trade, the volatility was expected to increase following a notable rise in the volume. However, the current trends suggest that the liquidity within the markets is slowly contracting, which could be a bullish signal for cryptos like XRP.
Whale activity has surged in the last 24 hours, Crypto analyst Ali Martinez has recently observed significant whale activity in major cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP during a market dip.
Ripple CTO David Schwartz has responded to a conversation about Automated Market Maker (AMM) liquidity, addressing an important aspect of liquidity provider (LP) tokens. The conversation on X concerned the dynamics of LP tokens and their implications for liquidity pools.
Multiple positive developments including XRP ETF filings, SEC Chair Gary Gensler stepping down and RLUSD stablecoin have further fueled XRP ETF launch speculations. However, BlackRock has no plans to file an ETF application for XRP or any other altcoins, disclosed BlackRock‘s ETF department head Jay Jacobs.
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The digital currency ecosystem is in recovery mode, with the XRP price in the spotlight. Over the past 24 hours, the Ripple Labs-associated coin has jumped by 5.99% to $2.46.
South Korea's shocking martial law declaration sent the crypto market into chaos, with XRP crashing from $2.60 to $2.13 in a massive sell-off. But the panic didn't last long! However, XRP price has bounced back, rising by almost 9% in the last 24 hours.
Prominent tracking platform Whale Alert, which monitors large cryptocurrency transfers, spreads the word about a mysterious big XRP movement spotted during the last 24 hours.
On Dec. 14, XRP, the third-biggest cryptocurrency, showed a major spike in a crucial indicator.
On December 10, Ripple's (XRP) price temporarily slipped below $2, sparking speculation that its prolonged uptrend might be ending. However, the bearish concerns have been short-lived.
XRP Listing: The crypto has noted a strong recovery today, after a recent volatile trading, with a flurry of positive developments boosting market sentiment. Amid this, a major listing announcement for Ripple's native crypto has further bolstered investors' confidence in the asset.
Elon Musk has criticized the U.S. SEC for being a “weaponized institution" in a recent post on X
XRP is the top performer from the larger-cap alts today.
The XRP (XRP) price has paused after reaching a high of $2.87 on December 2. The uptrend has continued as the cryptocurrency retraced and found support above the 21-day SMA.
With Bitcoin hovering around $100,000, altcoins have made a comeback. XRP has breached a key hurdle, which hints that the next phase involves a massive uptrend.
