Ripple's digital asset is gaining traction in December 2024, generating a stir in the cryptocurrency market. XRP, the third-largest cryptocurrency by market capitalization, recently surpassed Tether (USDT).
XRP dives 10% as Fed's hawkish stance rattles investors. SEC leadership changes could reshape Ripple's legal trajectory.
The recent XRP price action has been highlighted by another notable surge that saw it reaching just above $2.7 briefly again after a 9% surge on December 17. Although the XRP price was rejected immediately after reaching this level, it continues to exhibit bullish momentum on the daily timeframe chart.
Cardano (ADA) has been through a rollercoaster of volatility, with the price experiencing significant ups and downs over recent weeks. After hitting a local top of $1.32, ADA retraced over 30%, dropping to $0.91 before returning to a critical support level.
The conflict between Cardano founder and IOG boss Charles Hoskinson and the Cardano Foundation continues to escalate publicly. The conflict first came public last week when a whistleblower accused the Cardano Foundation of mismanagement led by self-interest.
A crypto analyst has shared an XRP price chart, analyzing its action on the 4-hour timeframe while pinpointing key metrics of strength that suggest a possible rally. The analyst has predicted that XRP is preparing for a significant run to $11, marking a new All-Time High (ATH).
Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025.
XRP went from over $2.7 yesterday to under $2.25 minutes ago.
Input Output (IO), the research and development company behind Cardano, has introduced a Strategic Research Agenda to guide Cardano's evolution toward 2030. The plan defines nine areas of focus to increase the plan's scalability, governance, interoperability, and security.
Cardano (ADA) reached a high of $1.32 before being rejected. The cryptocurrency was projected to reach its peak price of $3.00.
Cryptocurrency markets are trading lower on Wednesday despite the Federal Reserve announcing a 0.25% rate cut in its latest FOMC meet. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,173.74 -3.9% Ethereum (CRYPTO: ETH) $3,714.81 -5.5% Solana (CRYPTO: SOL) $210.29 -7.3% XRP (CRYPTO: XRP) $2.36 -9.3% Dogecoin (CRYPTO: DOGE) $0.3654 -8.4% Shiba Inu (CRYPTO: SHIB) $0.00002458 -8.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.4% and daily active addresses falling by 12.8%.
Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.
Cardano (ADA) and Avalanche (AVAX), two popular altcoins, are experiencing notable corrections this week, with prices continuing to trend downward on Wednesday. Cardano has corrected by nearly 7%, while Avalanche is down over 8% since the beginning of the week.
As expected, on December 18, 2024, the Federal Reserve lowered the key interest rate by 25 bps, the third consecutive reduction so far in 2024. However, this rate cut announcement cautioned us about additional reductions in the coming years.
XRP's recent whale activity sparks questions: Could it hit $100, $300, or even $500 soon?
The price of XRP has experienced a remarkable surge this year following a positive court decision and the tailwind provided by Donald Trump's victory in the November U.S. presidential election.
Whales on the Cardano ecosystem took advantage of the recent cryptocurrency market dip to keep accumulating, after realizing some of their gains when the price surpassed the $1.15 mark earlier this month. According to data shared by popular cryptocurrency analyst Ali Martinez, when Cardano traded between $1.15 and $1.
Charles Hoskinson, the founder of Cardano, has urged the Cardano Foundation to move its operations to a jurisdiction that allows users to vote for board members. He recommended a move to either Abu Dhabi or Wyoming.
In his latest video analysis on YouTube, Adam Cochran, partner at Cinneamhain Ventures (CEHV), an activist venture capital firm, described Ripple's newly launched stablecoin, RLUSD, as a “Trojan Horse” poised to transform both decentralized finance (DeFi) and traditional banking sectors.
Cryptocurrencies pulled back after a big run yesterday and as the Federal Reserve sets to conclude its final meeting of the year, likely with a rate cut of 25 basis points. Bitcoin traded at roughly $104,170, as of 11:53 a.m.
The Cardano price has recently rejected around the $1.1 price level. Notably, the past three months have been highlighted by a remarkable Cardano surge that saw it break above $1 for the first time since early 2022 and peak at $1.3 on December 3, 2024.
Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.
XRP is positioning for a potential rally as Ripples stablecoin fuels market optimism. Trumps pro-crypto vision and heightened whale activity further reinforce predictions of a breakout toward $6 despite recent price fluctuations.
Will Solana and XRP face further delays despite growing interest in crypto ETFs?
Cardano, known for its scientific approach and peer-reviewed research, is setting a bold course for the future.
XRP price retreated on Wednesday as a sea of red spread across the cryptocurrency industry ahead of the Federal Reserve's decision. Ripple (XRP) dropped by over 5%, erasing most of the gains made on Tuesday after the RLUSD stablecoin launch.
American blockchain payments firm Ripple Labs Inc. triggered bullish market sentiment when it launched RLUSD stablecoin on global exchanges. While the price has seen no intense volatility, as previously hinted, its growth trends in 24 hours have not been particularly smooth.
Cardano (ADA) has caught the attention of major investors, commonly known as whales, as they buy up significant amounts of the cryptocurrency. This increased activity has raised hopes of a potential price surge, but challenges in the market mean ADA's rally remains far from certain.
In response to a question posed by a user on X, David Schwartz, Ripple's Chief Technology Officer, recently addressed the XRP Ledger's scalability in terms of (TPS) transactions per second. X user Chad Steingraber had asked if it was true that the XRP Ledger "through optimization" could potentially scale up to 50,000 TPS.
Charles Hoskinson has urged the Cardano Foundation to consider moving its operations from Switzerland to more crypto-friendly jurisdictions like Abu Dhabi or Wyoming.
As XRP consolidates above the $2 support zone, whale transactions could provide the much-needed trigger to breach the $3 psychological resistance.
XRP price has recorded a dip of nearly 6% today amid gloomy trading noted in the broader crypto market. This recent dip has fueled discussions among investors over the potential reason behind the retreat.
The price action of XRP has been at the center of the crypto market discussion for over a month now, but it seems things are far from over for the popular cryptocurrency. For example, since the beginning of November, the price of XRP has gained over 460% in value and is now quoted at around $2.70.
Bloomberg analysts, including Eric Balchunas and James Seyffart, have speculated that Litecoin and Hedera are likely to see their ETFs approved before Solana and XRP.
The cryptocurrency market is preparing for an exciting period, with many anticipating Ripple (XRP) to reach the $10 mark in the near future. Although we are yet to reach milestone XRP, three altcoins are predicted to make good enormity, that potentially can expand 10x.
Solana's rise challenges Cardano's market position, but can Cardano reclaim its relevance in 2024?
The Cardano Foundation is facing a crucial phase for the consolidation of governance within its ecosystem. Recently, the organization reiterated its commitment to decentralized and transparent management, highlighting the importance of active community participation for the sustainable growth of the platform.
Cardano's (ADA) price has been declining recently, and concerns are growing that it could drop below the $1 support level. Notably, a key factor causing the drop is the selling activity by whales, who have been cashing out their coins to profit from their recent gains.
Charles Hoskinson believes Cardano is on the cusp of revolutionizing blockchain technology, with a vision to lead the way in decentralized governance.
Markets are on edge ahead of the Federal Reserve's final meeting of 2024, with investor focus shifting to the central bank's projections for 2025 rate cuts rather than the widely expected 25-basis-point reduction. What Happened: The outcomes of the projections could trigger vastly different market reactions, from relief rallies to sharp declines.
XRP whales have been on a buying spree as blockchain payments company Ripple officially launched its dollar-backed stablecoin, RLUSD, on several global crypto exchanges this Tuesday. The stablecoin is now available for trading on platforms Bitso, Uphold, CoinMENA, MoonPay, and Archax, with additional listings expected soon.
XRP's status as a security and its inclusion in several pending lawsuits between the SEC and crypto firms could delay the approval of its ETFs until much later in 2025.
Cardano founder Charles Hoskinson has recently sparked market discussions with his recent comment on the Cardano Foundation (CF) jurisdiction. In a recent X post, he said that the Foundation should consider shifting its legal base from Switzerland if it doesn't allow it to elect its board members “democratically.
ADA's price peaked at $1.31 before entering a descending channel, signaling a correction is currently developing. A breakout above $1.31 could initiate Wave 5 targeting values over $1.60
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The cryptocurrency market has been on a significant uptrend over the past month, adding in around $600 billion to its total market capitalization over the period amid a bull run that helped Bitcoin top the $100,000 mark for the first time ever.
Cardano price has surged 40% over the past month, riding a broader market rally. This upward trend reflects heightened investor interest despite recent minor market corrections.