Bitcoin hit a new all-time high of $107,822 according to Coingecko data on Monday, as bullish hopes are fueled by President-elect Donald Trump reportedly contemplating an executive order to establish a Strategic Bitcoin Reserve. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $106,240.24 +3% Ethereum (CRYPTO: ETH) $4,052.99 +4% Solana (CRYPTO: SOL) $217.53 -1.5% XRP (CRYPTO: XRP) $2.48 +2.8% Dogecoin (CRYPTO: DOGE) $0.4049 +0.8% Shiba Inu (CRYPTO: SHIB) $0.00002744 -0.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 2.9% and daily active addresses falling by 0.4%.

Unlike other stablecoins, Ripple promises monthly attestations of RLUSD's reserve to is improve transparency within the crypto market.

Cryptocurrency investment products saw over $3.2 billion inflows over the past week, making the tenth consecutive weekly inflows these products have seen and bringing their total to now top $44.5 billion. Bitcoin investment products led the market, with investors moving $2 billion to these funds.

According to DonAlt, who presciently predicted XRP's massive rally in November, believes that the price of the XRP token might double if it manages to break out of its current range.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Massive whale movements totaling $283 million are driving bullish momentum for XRP, with analysts predicting a potential price surge to $7. Ripples RLUSD stablecoin launch on December 17 adds to the growing market buzz.

Ripple stablecoin RLUSD will debut on December 17, 2024, with initial listings on exchanges like Uphold and Bitso.

Ripple had previously revealed that RLUSD will be issued on XRP Ledger (XRPL) and Ethereum blockchains.

Xaman's spike in user activity reflects a renewed interest in the XRPL ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch.

XRP, the cryptocurrency associated with Ripple Labs, has made a remarkable 8% rebound after briefly slipping below the $2 mark on December 10. This quick recovery has reignited optimism among investors and analysts, who now believe that the bullish rally may still have room to run.

XRP's price has experienced notable activity following a bearish trend in the past 24 hours. During this period, XRP's price fluctuated between an intra-day high of $2.57 and a low of $2.34.

Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum. According to the Dec. 16 announcement, each RLUSD token will be fully backed by US dollar deposits, government bonds, and cash equivalents.

Ripple's U.S. dollar stablecoin will become available on the XRP Ledger and Ethereum blockchain starting Tuesday, Dec. 17.

Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

Crypto analyst TradinSides has suggested that it might be time for investors to start closing their XRP long positions. This came as the analyst revealed a bearish pattern, which showed that the XRP price could witness a significant crash.

Ripple is set to launch its USD-backed stablecoin, Ripple USD (CRYPTO: RLUSD), on Tuesday. Following the announcement, Ripple's native coin XRP (CRYPTO: XRP) is up 4% on the day, having surged 130% over the past month.

With Rajan and Montgomery on board, Ripple strengthens its leadership in the stablecoin sector

XRP, the cryptocurrency associated with Ripple Labs, has firmly positioned itself as one of the top-performing assets of 2024, with CNBC describing it as the “biggest winner of the Trump trade.” Since Donald Trump's victory in the 2024 U.S.

XRP is on the verge of a major breakout, with key developments and market trends suggesting a potential surge in price. Ripple's new stablecoin, RLUSD, is set to launch for trading on Tuesday (December 17), after receiving approval from the New York State Department of Financial Services (NYDFS) earlier this month.

Ripple has announced the official launch of its RLUSD stablecoin, scheduled for Tuesday, December 17. This move marks a significant step for the blockchain company as it continues to expand its offerings in the digital asset space.

XRP, the world's third-largest cryptocurrency by market cap, is poised for a notable upside rally as it has formed a bullish price action pattern on its daily time frame and has been attracting significant attention from crypto investors.

Ripple announces the launch of its RLUSD stablecoin on Tuesday, December 17, 2024, as XRP token rises 8% following the news. The post Ripple's RLUSD stablecoin set to launch Tuesday as XRP token jumps 8% appeared first on Crypto Briefing.

The stablecoin will be backed by USD deposits and US government bonds.

Ripple CTO David Schwartz has outlined how the company's upcoming US dollar-pegged stablecoin, RLUSD, could initially trade at insanely high prices, possibly even $1,200, despite being designed to maintain a 1:1 parity with the US dollar.

The dollar-pegged Ripple USD (RLUSD) will begin trading Tuesday across Ethereum and XRP Ledger, Ripple said Monday.

Ripple has finally announced that the launch of its highly-anticipated stablecoin RLUSD is all set for tomorrow. Fox Business journalist Eleanor Terrett shared that the stablecoin will initially be accessible on Uphold, MoonPay, Archax, and CoinMENA.

Ripple's new stablecoin, RLUSD, will be available for trading starting Tuesday (December 17), following approval from the New York State Department of Financial Services (NYDFS) earlier this month. This launch marks Ripple's entry into the highly competitive $203 billion stablecoin market. The U.S.

XRP jumped from under $2.38 to over $2.47 in minutes.

Ripple has announced the date for the much-anticipated launch of its RLUSD stablecoin. The crypto firm also provided key details on the exchanges that the stablecoin will be available upon launch.

Investors will be able to trade Ripple's new stablecoin beginning Tuesday, the company has said, after the New York State Department of Financial Services gave its approval earlier this month.

An independent auditing firm will be tasked with creating monthly attestations of RLUSD's reserve assets, said Ripple.

The stablecoin will become broadly available to crypto users on the XRP Ledger and Ethereum networks beginning on Tuesday.

Crypto investment products saw inflows of $3.2 billion last week, for tenth consecutive week, primarily driven by Bitcoin (BTC) and Ethereum (ETH).

Ripple's newly introduced stablecoin, RLUSD, has generated attention with its unusual pricing, exceeding $1,200 per unit in pre-launch transactions. Ripple CTO David Schwartz has clarified that these fluctuations are attributed to limited supply and heightened demand during the early phase of the stablecoin's release.

Ripple (XRP) price has shown significant movement recently, with a notable surge in November propelling it to its highest levels since 2018. Now the fourth-largest cryptocurrency by market cap, XRP is within 3% of overtaking Tether for the third spot.

Despite the broad-based consolidation of the crypto market last week, XRP has seen significant interest from institutional investors. According to the latest report from CoinShares, XRP saw a $145.8 million inflow from corporate buyers in the trailing seven-day period.

While Bitcoin is currently testing the $106k level, another token is taking the spotlight: Ripple's XRP. According to Google Trends, search interest for Ripple has reached an all-time high of 100 recently, besting the previous peak achieved in 2017.

Bears are keeping the pressure on at the beginning of the week, according to CoinMarketCap.

XRP, the cryptocurrency associated with Ripple Labs, has recently caught the attention of both experts and investors as it experiences significant outflows, signaling a potential buying opportunity. While the token has been consolidating in a range, recent developments suggest that XRP might be gearing up for a price rally, fueled by growing institutional interest and positive on-chain metrics.

On-chain sources have reported a substantial XRP transfer in recent hours; according to blockchain data tracker Whale Alert, 800 million XRP, valued at nearly $1.93 billion, were transferred from Binance to an unknown wallet.

XRP's latest pullback forms a classic bullish continuation structure, with a profit target above $15.

After marking new highs, the Bitcoin price has begun to consolidate, suggesting a minimum participation of bulls. With this, the altcoins that were trying hard to keep up the bullish trend have scrambled back under bearish influence.

While XRP price action has been fairly choppy since its 500% rally peak, one analyst believes it is just the beginning, setting sights on a $1 Trillion market cap. The post Trader Predicts $1 Trillion XRP Market Cap – Is a 500% Surge Just the Beginning? appeared first on Cryptonews.

We have a warning about the upcoming launch of Ripple's stablecoin - RLUSD. The company's CTO, David Schwartz, recently alerted of potential volatility surrounding the product.

TL;DR Ripple CTO David Schwartz has issued a cautionary note ahead of the RLUSD stablecoin launch, warning of potential supply shortages and price volatility despite its 1:1 parity with the US dollar.

The XRP price has been trading on a consolidation path after reaching a six-year high of $2.9 on December 3. The cryptocurrency has struggled to maintain upward momentum, and recent analysis points to the playout of a descending channel.

XRP appears primed for a significant rally after months of consolidation, with key technical indicators pointing to a shift toward bullish momentum.