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Ripple CEO Brad Garlinghouse appeared on CBS' 60 Minutes, delivering a sharp, unapologetic defense of Ripple's strategies, XRP's meteoric rise, and the crypto industry's growing political muscle. Ripple, alongside two other crypto firms, funneled $144 million into super PACs supporting pro-crypto candidates across party lines.
Ripple's XRP has drifted into the red zone but is trying to hold above the $2.50 levels at the time of writing. XRP is currently holding above its 2021 breakout point and the price has stayed above $1.96, which is an important level. Right now, XRP is moving between the all-time high of $1.
Ripple CEO Brad Garlinghouse appeared in an interview on 60 Minutes, airing on December 8, 2024, where he discussed the company's ongoing legal fight with the U.S. Securities and Exchange Commission (SEC).
Ripple executives praised potential SEC leadership changes, signaling hope for a crypto-friendly shift that ends restrictive policies and fosters innovation and economic growth. Ripple Hails SEC Shake-Up: Common Sense Returns to Crypto Regulation Ripple's executives have expressed support for Paul Atkins assuming a leadership role at the U.S. Securities and Exchange Commission (SEC).
XRP, the cryptocurrency associated with the Ripple network, has made a notable comeback in recent days, showing strong price recovery after a brief decline. The digital asset recently saw a surge of 28% in its value over the past week, and its upward trajectory has continued into the weekend.
An 11 million XRP transfer, equivalent to $28.11 million, from South Koreas Upbit to an unknown wallet has sparked speculation across the crypto market. The mystery comes amid XRPs soaring 500% rally and growing enthusiasm from South Korean investors.
Here's how liquidity hunt could drive XRP's short-term price moves.
Ethereums native token, Ether (ETH), could soon replicate XRPs recent 390% price surge, according to market analysts. With Ethereum breaking out of a three-year symmetrical triangle pattern, analysts predict that ETH could rally to $7,600 by early 2025.
XRP, with a market cap of $149 billion, isn't just a heavyweight in cryptocurrency—its distributed ledger network has been diving headfirst into tokenization and decentralized finance (defi). Meanwhile, Ripple is turning heads with the forthcoming launch of its much-anticipated stablecoin, ripple usd (RLUSD).
Ripple's XRP has captured the spotlight in the crypto market, gaining more than 5% in the last 24 hours and currently trading at $2.45. The token has risen by over 35% in the past week, yet it remains far from its all-time high (ATH) of $3.84.
The XRP price is consolidating after a crazy 460% surge within four weeks that saw it breaking above $2.8 on December 3 for the first time since 2018. This consolidation saw the XRP price dropping to $2.22 on December 5 as many investors took some profits after the rally.
Despite the ongoing price consolidation, XRP, the native token of Ripple Labs gaining massive attention from experts as well as whales/institutions. Today, December 8, 2024, a crypto expert made a post on X (previously Twitter) and made a bold prediction that has captured widespread attention from crypto enthusiasts.
In 2024, XRP finally broke out of the prolonged price consolidation, emerging as one of the biggest winners of the ongoing cryptocurrency market rally.
The race to launch XRP-focused exchange-traded funds (ETFs) has just gone overdrive. Major asset managers are filing with the U.S. Securities and Exchange Commission (SEC) to launch these crypto-backed financial products, the question on everyone's mind is: Will XRP be the next big thing?
In the last week, the price of XRP increased by 35% as the general crypto market maintains a stellar performance stretching over the last two months. Interestingly, recent developments in the XRP market indicate a sustained bullish outlook for the prominent altcoin.
Ripple is quickly approaching its all-time high price against the US Dollar while also appreciating against Bitcoin, as XRP investors are finally reaping the rewards for their patience over the last few years.
As it became known thanks to a report of Whale Alert, a large transfer of XRP tokens took place from Upbit, South Korea's largest cryptocurrency exchange. According to on-chain explorer data, 11 million XRP, equivalent to about $28.11 million, were withdrawn from Upbit's wallet "rDxJNb" to an unknown entity under the address "r325zs.
XRP's current trading performance reflects a tug-of-war between bullish momentum and short-term corrections, with its price resting at $2.56. XRP On the 1-hour chart, XRP experienced an intraday price swing between $2.46 and $2.621, driven by strong buying and selling activity as evidenced by a volume spike near the day's peak.
The crypto market has experienced remarkable turbulence, marked by a major transaction that has captured the attention of investors. Within a few days, major players in the sector, referred to as "whales," acquired 120 million XRP, a flagship asset, for an amount approaching 288 million dollars.
The past week was a rollercoaster ride in the cryptocurrency market. From XRP's explosive gain to Shiba Inu's burning spree, the crypto world was buzzing with activity.
Currently the third largest cryptocurrency, XRP remains one of the headliners of the market, with its price action bringing the attention of both enthusiasts and those who have long been skeptical of the popular coin.
XRP is making significant strides in corporate treasury strategies, as companies such as Worksport and The BC Bud Co explore its potential to diversify financial holdings. The recent rally of XRP, which has seen its value soar by 300% over the past month, has drives interest among businesses looking to hedge against economic uncertainty and embrace innovation in treasury management.
With the token forming its first notable bearish signal since the recent surge, XRP's explosive rally may be coming to an end. The provided chart indicates a lower high, which could indicate that the current uptrend is losing momentum.
XRP price has soared to $2.64 as of December 2024, becoming the third-largest crypto asset by market cap. What's next for XRP in 2025?
