The XRP price continues to exhibit a notable display of strength despite its corrective phase since it reached above $2.8 on December 3 for the first time in almost seven years. Interestingly, technical analysis shows the corrective phase has been highlighted by an ABC corrective pattern on the daily candlestick chart.

As of Dec. 12, 2024, the XRP/USD market reflects a steady consolidation phase across several timeframes, with bulls and bears locked in a tug-of-war at pivotal levels. XRP On Thursday, XRP's daily chart paints a picture of an earlier uptrend tempered by recent consolidation. Prices climbed from $0.54 to a high near $2.

After a prolonged period of flat price action that spanned the first three quarters of the year, XRP seems poised to finish the year off strongly.

XRP's meteoric rise in the first week of November elevated its market capitalization from around $30 billion to an impressive $135 billion. This surge momentarily overtook Tether, securing XRP's position as the third-largest cryptocurrency by market cap after Bitcoin and Ethereum.

Ripple has moved its entire December reserves of 200 million XRP, worth $500 million, as XRP recovers from a crash. This selling pressure could impact the recovery and further price appreciation, absorbing a significant part of the incoming demand.

This week, the cryptocurrency market began with a massive liquidation event, when over $2 billion in the lowest estimated value of long and short, but mostly the former, experienced a forced close. The echoes of that event are still reverberating, with nearly $300 million liquidated in the last 24 hours, but its character is not so one-sided, according to CoinGlass.

A Falling Wedge pattern has emerged on the XRP price chart, fueling speculation of a bullish reversal to new highs. According to a crypto analyst, XRP could reach three potential new price targets if it can break out of the Falling Wedge, with $2.8 being the highest target.

XRP's price action has been under pressure in recent weeks as it struggles to break through the key resistance level of $2.73. Investors had been hoping for a breakout above this level to push the altcoin to new all-time highs (ATH), but the delay has led to rising profit-taking activity.

A little-watched indicator is flashing a bullish signal for two major cryptocurrencies, leading meme-inspired token Dogecoin (DOGE) and the native token of the XRP Ledger, suggesting they may be poised for a price surge in the near future.

On the back of mass market wide-liquidations, XRP seems to have reaffirmed its upward trajectory with the final approval for Ripple's $RLUSD stablecoin. The post XRP Explodes 20% After Ripple Gets Green Light for Stablecoin – $10 XRP Next? appeared first on Cryptonews.

XRP's recent price action highlights important price levels that traders should keep an eye on. One of the most crucial resistance zones remains the $3.30 level, which was the previous all-time high for XRP back in 2021.

XRP (XRP 1.57%), the cryptocurrency formerly known as Ripple, has been one of the hottest tokens. The crypto has surged 287% over the last month.

XRP could propel by 80% to reach the $4.5 level if it closes a daily candle above the $2.5 level.

Cryptocurrency prices bounced back on Thursday as Bitcoin remained above $100,000. XRP price rebounded, with many analysts maintaining their optimism that it has more room to run.

Everyone in the crypto ecosystem is well aware about the legal saga between Ripple Labs and the SEC. This lawsuit took a turn this week when a lead plaintiff filed an appeal challenging the court's recent decisions favoring Ripple. This adds another layer of complexity to the case.

Stellar price has erased some of the gains made last month. This decline has mirrored that of Ripple, which has also moved into a short-term retracement as traders take profits.

XRP Lawsuit: In the latest development in the class action In re Ripple Labs Inc Litigation, the plaintiffs filed appeals in the Ninth Circuit Appeals Court and filed an opposition to the bill of costs in a California district court. Meanwhile, the deadline for the principal brief in Ripple vs SEC case is on January

TL;DR Ripple completed a massive $1.8 billion XRP transfer with a fee of just $0.0013, showcasing the ultra-low transaction costs of the XRP Ledger. The efficiency and cost-effectiveness of the XRPL make it an attractive option for high-value transfers, with average transaction costs significantly lower than Bitcoin and Ethereum.

San Francisco-based crypto payment provider Ripple is reportedly accelerating preparations for its much-anticipated Ripple USD (RLUSD) stablecoin. Such a conclusion is drawn from the recent transfers that occurred using the token.

Yesterday, Ripple received the approval of the New York Department of Financial Services to launch its stablecoin, RLUSD. The development has triggered extreme excitement among XRP enthusiasts. In the last 24 hours alone, the price of XRP has climbed by over 5.4%.

Popular blockchain tracking service Whale Alert spread the word about a staggering amount of XRP coins transferred over the past twenty hours. The two largest of these transactions were made by the San Francisco-based crypto behemoth Ripple – it carried several hundred million XRP.

With the asset trading within a descending price channel that may soon result in a notable breakout, XRP's price chart displays an interesting setup. After a parabolic rise, the pattern is a typical consolidation phase realized in a descending channel, indicating a build-up of momentum for the next significant move.

Ripple, a blockchain-based digital payment network has recently completed a huge transfer of XRP, worth about $915 million, with an incredibly low transaction fee of just 0.0005 XRP. This highlights one of the biggest advantages of the XRP Ledger (XRPL)—its ultra-low fees.

Bitcoin (BTC) reclaimed $100,000 after registering an increase of over 4% in the past 24 hours as the crypto market rallied following the release of the November inflation data. The world's largest cryptocurrency almost crossed $102,000 after reaching an intraday high of $101,819 before retreating to its current level.

XRP News: The recent massive XRP transfer by Ripple has sparked speculations in the market amid a price surge in its native token. The blockchain firm has moved 380 million XRP, worth more than $915 million, to a wallet, fueling discussions over its potential impact on the asset's value.

XRP price jumped 10% after Ripple received NYDFS approval for its RLUSD stablecoin, pushing the token above $2.25 amid increased trading volume and positive technical indicators.

XRP, the native cryptocurrency of Ripple, has recently experienced its first major pullback since November. After reaching an 8-month high of $2.90 in early December, the cryptocurrency saw a sharp decline, dropping to as low as $1.90.

Bitcoin has once again surged past the $100,000 mark, trading at around $100,500 following the release of U.S. Consumer Price Index (CPI) data for November.

As expected, whales went on an accumulation spree in the past few days.

Earlier, there were rumours that the New York Department of Financial Services was seriously considering Ripple's request to launch the company's stablecoin, RLUSD. Marking an end to speculations, yesterday, Brad Garlinghouse, the CEO of Ripple Labs, confirmed that the company received approval from the NYDFS to launch RLUSD.

Ripple is excited about the success of RLUSD as they recently received NYDS approval, which is a big step forward. This approval gives RLUSD a high regulatory standard, and the transparency offered by audits will be appealing to users.

The on-chain analytics firm Santiment has revealed that Dogecoin and XRP are flashing bullish signals in an often overlooked metric. Dogecoin, XRP, & Bitcoin Recently Saw A Decline In Mean Dollar Invested Age In a new post on X, Santiment has discussed the latest trend in the Mean Dollar Invested Age indicator for a few of the top coins in the cryptocurrency sector.

Whale investors seized the opportunity to buy 100 million XRP after it briefly dropped below $2.

XRP price started a strong increase above the $2.25 resistance zone. The price is up over 10% and might aim for a move above the $2.50 resistance zone.

Democrat Caroline Crenshaw's nomination for another term as a commissioner at the Securities and Exchange Commission has faced new setbacks.

Ripple's XRP is currently up by more than four percent and is trading at the $2.40 levels. The current chart for XRP remains largely unchanged and the primary outlook suggests that XRP could be in the later stages of a bullish structure.

Can XRP's on-chain demand and sell pressure stats offer insights into its price movements? A look at its next potential major support.

Bitcoin Hits $100k as SEC Drama Unfolds: ETF Inflows and Regulatory Tensions Set Stage for Crypto Market Volatility.

A surge in XRP's open interest suggests continued investor interest in the cryptocurrency, according to analyst Iliya Kalchev.

A higher low, a crucial reversal signal that might pave the way for fresh bullish momentum, is being hinted at by the price action of XRP. When XRP was unable to break above the $2.80 resistance level, a critical area that signaled the end of its recent rally, it entered correction mode on Dec. 3.

Crypto analyst Dark Defender has revealed a target to watch out for as the XRP price targets a new all-time high (ATH). The analyst made this prediction based on his wave analysis, which showed that XRP is still bullish.

Technical analyst Ali Martinez has said that the drop in crypto prices has allowed whales to accumulate more assets. In a post on X, Martinez reported that 342 new wallets holding more than 100 BTC were created as Bitcoin dipped from $104,000 to around $90,000.

Bitcoin, the world's oldest and largest cryptocurrency, rose back above the $101,000 level on Wednesday, clawing back most of its losses after a bruising sell-off earlier this week.

Crypto analyst Dark Defender has predicted that the XRP price could soon rally to as high as $5. The analyst further revealed what needs to happen in the short term for XRP to reach this target, which would mark a new all-time high (ATH) for the crypto.

Bitcoin's rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.

The XRP price break above the $1 and $2 price levels in recent weeks has put the cryptocurrency on the most bullish trajectory since 2018. Although the XRP price is seemingly consolidating since this notable run, analysts continue to anticipate another remarkable run-up that would eventually see it breaking into new all-time highs.

Ripple Labs' newest stablecoin product has received final approval from a prominent New York regulator. In a post on the social media platform X, Ripple chief executive Brad Garlinghouse says that Ripple USD (RLUSD) – the firm's new dollar-pegged crypto asset – has been approved by the New York Department of Financial Services (NYDFS).