The latest XRP news is going to spread excitement across the crypto community. The company behind XRP, Ripple, is finally going to launch its stable coin RLUSD. It is awaiting approval from the NYDFS which is expected on December 4.
Jim Cramer advocates for bitcoin and ethereum as key portfolio assets, citing their appeal amid rising U.S. debt and their potential to navigate fiscal challenges.
Bitcoin's journey toward the coveted $100,000 mark continues to capture market attention, drives debates about whether it will achieve a breakout or succumb to a pullback. With BTC trading near $97,000 at the time of writing, the cryptocurrency is at a critical juncture, balancing between bullish optimism and cautious uncertainty.
Ripple is set to launch its overcollateralized, dollar-pegged stablecoin RLUSD on December 4, 2024, pending approval from the NYDFS.
Ripple's RLUSD stablecoin gains traction with potential NYDFS approval, boosting XRP demand and challenging SWIFT's dominance in remittances.
In crypto's recent mini-bull run immediately after Donald Trump's election victory, one popular token was left with a sluggish price movement: Ripple's XRP. While Bitcoin raced to hit the $90k level and teased the $100k mark, and some meme coins like Dogecoin showed gains, XRP retained its sideway price movement.
A crypto analyst has shared a technical analysis of the XRP price in a 4-hour time frame. Currently, the XRP chart highlights distinct patterns in market behaviour, suggesting that historical price action may be repeating itself.
Ethereum (ETH) stands at the forefront, capturing attention with its upward price trajectory. With bullish momentum brewing and institutional interest rising, Ethereum appears poised to break significant resistance levels.
Robert Kiyosaki, author of Rich Dad Poor Dad, has sparked discussion about Bitcoin's potential to reach new heights. In a recent post, he stated that FOMO (Fear of Missing Out) could benefit investors as Bitcoin price approaches the $100,000 mark.
XRP's market cap surge signals renewed investor confidence and potential regulatory shifts, impacting the broader crypto landscape. The post XRP hits $100 billion market cap for the first time since 2018 appeared first on Crypto Briefing.
Ripple's stablecoin is reportedly near regulatory approval, signaling a significant step toward reshaping the stablecoin market with a regulated, fully backed digital dollar.
This week's crypto calendar is packed with major events and bullish stories, including the potential approval of Ripple's Stablecoin, XRP overthrowing BNB with a $100 billion market cap, XLM's 50% surge following a Grayscale Stellar Lumens Trust filing, and FIFA's new NFT game. Additionally, Binance has delisted eight altcoin trading pairs from its spot market, while MicroStrategy is planning to add more Bitcoin to its portfolio.
A recent dip in Bitcoin's price to the low $90,000s, a prominent crypto analyst is confident that the cryptocurrency has yet to enter its most explosive phase. Known for accurately predicting past Bitcoin trends, pseudonymous trader Dave the Wave tells his 147,300 followers on X (formerly Twitter) that the world's leading digital currency is still on track to soar into the six-figure territory in the near future.
Ripple Labs' XRP has once again returned to the top five cryptocurrencies by market capitalization. Data from CoinGecko shows that XRP beat Binance Coin (BNB) in terms of market capitalization, with XRP having a market capitalization of $100 billion above BNB's $94 billion.
Ripple's XRP is showing strong movement in the current bull run, continuing its upward trend. XRP is currently trading above the crucial $1.50 level and is up by more than six percent in the last 24 hours. The altcoin has gained 20 percent in the past week and is now eyeing to break the $1.
Ripple labs is preparing to launch its regulated stablecoin, RLUSD, following indications that New York's top financial regulator, the Department of Financial Services (NYDFS), is poised to approve the product. If approved, Ripple will be able to issue its stablecoin under a limited-purpose trust charter.
The price of XRP has risen by 20% to $1.166, continuing its remarkable rally. Based on Elliott Wave Theory, the current move is consistent with the bullish pattern's pivotal third wave, which is frequently thought of as the strongest and most significant stage of an upward trend.
BNB was on its way to test its ATH, but it might face an obstacle soon!
Although currently undergoing a brief correction after almost touching the $100,000 price level, technical analysis has shown the emergence of a bullish pattern on the Bitcoin price chart. Notably, the correction has given rise to the formation of a bullish pennant on the 3-day candlestick Bitcoin price chart.
The Ethereum Foundation (EF) has announced a substantial financial commitment, investing “tens of millions” of dollars into advancing zero-knowledge Virtual Machines (zkVMs), a cutting-edge technology poised to enhance scalability and security within the Ethereum ecosystem.
Boyaa now holds more than 3k BTC after converting Ethereum into Bitcoin
CryptoQuant community analyst Maartunn highlighted that XRP's current price increase is a “leverage-driven pump,” with a similar event in the past ending in a 17% correction. According to CryptoSlate data, XRP was priced at $1.72 as of press time, up 16.
Cryptocurrency markets are closing Friday strong, with Bitcoin's performance paving the way for altcoin gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,590 +2.8% Ethereum (CRYPTO: ETH) $3,600 +1.0% Solana (CRYPTO: SOL) $242.66 +2.8% Dogecoin (CRYPTO: DOGE) $0.4355 +9.6% Shiba Inu (CRYPTO: SHIB) $0.00002621 +4.0% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 22.6% and daily active addresses falling by 8%.
Ripple is on the brink of launching its regulated stablecoin, RLUSD, with approval from the New York Department of Financial Services (NYDFS) expected soon.
Data shows that open interest on Ethereum derivatives contracts has recently exploded upward to a new all-time high of $23 billion, up from around $7 billion at the beginning of the year, in an upward move that one analyst suggest is “guaranteed for heavy fireworks.
Ripple has secured a major win in the class action suit against the crypto firm, XRP II LLC, and CEO Brad Garlinghouse. This win provides a bullish outlook for the XRP price, which analysts say is well primed for another leg to the upside.
Bitcoins meteoric rise of 158.9% places it far ahead of crude oil on Bloombergs scorecard. Mike McGlone points to rapid technological advancements and geopolitical pressures as driving forces, signaling major market shifts as 2025 approaches.
According to data from CoinGecko, the total stablecoin market capitalization is over $196 billion as of Nov. 29.
Recently, XRP has been on a robust positive run; some predict that the altcoin will hit $2 in the following weeks. This hope coincides with increasing whale activity, as technical signs suggest that the price might cross significant barrier levels.
XRP moves closer to $2 as new partnerships and a fresh round of trading volumes help send the altcoin to a new 2024 price high.
Boyaa's stash of 3,183 Bitcoin is worth $310 million as of this writing, making the firm Asia's largest BTC treasury reserve holder.
Ripple's dollar-backed stablecoin, RLUSD, is officially on track for its December 4 debut in New York. The New York Department of Financial Services (NYDFS) is reportedly ready to approve the new product, clearing Ripple to enter the highly regulated New York finance market.
Ethereum (ETH) continues to surge past key resistance levels, analysts are setting ambitious price targets for the cryptocurrency. Recently, Ethereum broke through significant hurdles at $3,350 and $3,400, before climbing to a multi-month peak of $3,688.
Ripple's XRP has flipped BNB to become the fifth-largest cryptocurrency by market capitalization. XRP's market cap reached $99 billion on Friday, its highest in over three years.
An Ethereum user known as p0pular.eth was able to lure Freysa, a highly developed AI, into transferring its prize pool of 13.19 ETH ($47,000). Freysa had been designed not to allow any transfer of funds, which made this achievement rather remarkable in the world of blockchain.
Ether, the second largest crypto after by market cap, might be hustling for a second act — and looks like it's Donald Trump's presidency that could light the fuse. Ethereum and its ETFs have surged 49% since November 5, beating Bitcoin's 38% rise in the same period.
Ethereum is gaining momentum, with rising prices, reduced exchange supply, and increasing active addresses signaling bullish potential.
The co-founders of the crypto analytics platform Glassnode believe that Bitcoin (BTC) may start heading higher after retracing to the low $90,000s based on one metric.
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Real Vision's head crypto analyst Jamie Coutts says that during the last two years, about $1.1 trillion of the world's money supply has been fed into Bitcoin (BTC) and other assets.
BlackRock's iShares Bitcoin Trust (IBIT) continues to lead the way with inflows of $5.4 billion in November alone. The post Bitcoin ETFs See Record Monthly Inflows of $6.2B as BTC Price Nears $100K appeared first on Cryptonews.
A notable surge in activity puts analysts' eyes back on Ethereum. Can the Ethereum network catch up to and surpass Solana?
A notable surge in activity puts analysts' eyes back on Ethereum. Can the Ethereum network catch up to and surpass Solana?
One of the top Hong Kong-based gaming companies, Boyaa Interactive, has converted $49.48 million worth of Ethereum into Bitcoin. The gaming company has now become the largest corporate Bitcoin holder in Asia.
Altcoins like Solana (SOL), Dogecoin (DOGE), and Render (RENDER) are showing strong momentum as Bitcoin nears $100,000. Solana recently hit a new all-time high and continues to attract users and trading volume.
Ripples RLUSD stablecoin nears NYDFS approval, offering a stable alternative to XRP and positioning Ripple in the regulated stablecoin market. The post Ripple's RLUSD stablecoin set to enter the US crypto market appeared first on Crypto Briefing.
With Bitcoin's dominance sustained by institutional and ETF flows, altcoins will have to rely on exchanges for the next altseason or find new strategies to attract capital.