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XRP dropped to fourth place in cryptocurrency rankings after Ripple delayed its RLUSD stablecoin launch pending New York regulatory approval, with the token's price falling to $2.31 and its market cap declining to $131.42 billion.
XRP, the digital asset associated with Ripple, could be on the verge of a significant price surge, according to a recent analysis by Wall Street expert Linda P. Jones. This speculation comes after the XRP Ledger (XRPL) implemented a reduction in the reserve fee—a change that may signal a period of substantial growth for the cryptocurrency.
XRP is down today, wiping out most of the gains made in December against Bitcoin, despite BTC price hitting $100,000.
XRP has experienced a remarkable surge, climbing to $2.6 after a powerful rally, and many analysts believe that it may never drop below $2 again. The cryptocurrency, with a market cap of $149 billion, has been one of the strongest performers in the ongoing crypto bull market.
Ripple confirmed that it has delayed the launch of its stablecoin. Meanwhile, the price of XRP has dropped, causing it to lose its recently-earned position as the third-largest cryptocurrency.
XRP, the cryptocurrency developed by Ripple, has experienced a remarkable surge in market value, increasing nearly fivefold since Forbes called it a “zombie” token earlier this year. In March 2024, Forbes published a critical report that dismissed XRP's relevance and potential, labeling both the token and its parent company Ripple as “zombie projects.
XRP is among the poorest performers in the past 24 hours.
Ripple had big plans to launch its stablecoin, RLUSD, on December 4. But things didn't go as expected. The company announced on its X account that they're holding off until they get approval from the New York Department of Financial Services (NYDFS).
Ripple CEO Brad Garlinghouse has opined that former SEC Commissioner Paul Atkins is an "outstanding choice" to lead the agency.
Ripple CEO Brad Garlinghouse has opined that former SEC Commissioner Paul Atkins is an "outstanding choice" to lead the agency.
While the markets are going greener after Bitcoin achieved the much-awaited milestone at $100K in the times when the analysts predicted a drop below $90,000. The reason behind being bearish on BTC was the rise of the other altcoins like XRP and ADA, which smashed $1 after being consolidated for a long time.
XRP price started a downside correction below the $2.50 support. The price is consolidating near $2.20 and might aim for a fresh increase above the $2.45 level.
The XRP price action in the past few weeks has been nothing but phenomenal. Particularly, the XRP price has surged by over 460% from its $0.5 range at the beginning of December to peak at $2.82 within the last 24 hours.
Ripple's XRP has faced some volatility recently, with its price dropping by over five percent, currently trading at around $2.56. After reaching a high of $2.82 earlier, the token saw a price reversal.
The cryptocurrency market has been booming since Trump's victory in the US elections. Bitcoin has reached $99k and is now approaching $100k. While many of the top 100 coins have seen some gains, only a few have been rallying strongly. While coins like XRP and ADA are up, Gala has been showing impressive performance.
The price of XRP has surged by more than 370% over the past month from around $0.50 to now stand at $2.4, and the rise was seemingly fueled by whales using Nasdaq-listed cryptocurrency exchange Coinbase.
XRP hit the market with hundreds of per cent of growth and made it enter the top 3 cryptocurrencies in the world after Bitcoin and Ethereum, but not today anymore.
XRP faces pivotal SEC decisions as Paul Atkins, Trump's SEC Chair pick, signals potential crypto policy shifts starting January 2025.
President-elect Trump has selected crypto supporter Paul Atkins to lead the SEC. This move is part of Trump's broader goal to create a more crypto-friendly environment, a message that has been well received by the digital currency community.
Ripple has clarified that despite ongoing speculation, it won't launch its stablecoin, the $RLUSD, today.
Ripple's XRP is currently down by more than eight percent in the last 24 hours and is trading near the $2.33 levels.
Ripple is preparing to launch its stablecoin, RLUSD, pending final regulatory approval. The company clarified: “We're in lockstep with the NYDFS on final approval.
Crypto analyst Jacob Canfield has raised the possibility of the Dogecoin price replicating the recent XRP rally. This came as the analyst highlighted similarities between Dogecoin's recent price action and XRP's.
The Ripple-backed XRP Ledger (XRPL) is evolving rapidly, and RippleX developers are now pushing for a new upgrade. Considering the protocol's official X platform, the XRPL detailed plans to increase transaction fee drops.
