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.
The recent rally in older tokens better resembles the price action of meme coins, benefiting from a broader market breakout, Decrypt was told.
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.
Ripple has joined the Pledge 1% movement, an initiative that encourages businesses to give part of their earnings to worthy causes.
Evaluating ETH spot, ETF and derivatives demand amid mixed signs regarding the cryptocurrency's next major directional move.
XRP, the token stewarded by Ripple, has been one of the best performers in the crypto market. On Monday, the XRP price skyrocketed to a fresh seven-year high above $2.81, buoyed by a series of post-election catalysts ranging from hopes of increased regulatory clarity to the potential for U.S.-listed spot XRP exchange-traded funds (ETFs).
Bitcoin came within hundreds of dollars of the vaunted $100,000 milestone on Wednesday, with ETH, DOGE, and other assets rising alongside.
The U.S. government's latest crypto transfers include $18 million in ETH and $13 million in BUSD amid a market rally.
Cryptocurrency markets are trading higher on Wednesday, bolstered by Federal Reserve Chair Jerome Powell calling it “digital gold.” Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,718 +1.6% Ethereum (CRYPTO: ETH) $3,838 +6.0% Solana (CRYPTO: SOL) $230.86 -3.2% Dogecoin (CRYPTO: DOGE) $0.4222 +2.2% Shiba Inu (CRYPTO: SHIB) $0.00003057 +6.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10% and daily active addresses down by 0.3%.
Ripple CEO Brad Garlinghouse has publicly commented on the nomination of Paul Atkins as the next Chairman of the U.S. SEC. Garlinghouse, known for his strong stance on crypto regulation, welcomed the news, expressing optimism about the future of the crypto industry under Atkins' leadership.
Ethereum's Beam Chain "is all about improving the long-term health and security of the consensus layer," says Drake. “Solana has no consideration for health.
An analyst at the asset management giant Bernstein thinks Ethereum's risk-to-reward ratio “looks attractive” given ETH's relative underperformance recently. Gautam Chhugani, the managing director of Bernstein's global digital assets division, notes that Ethereum's total supply has remained mostly stagnant since the network transitioned to proof-of-stake and adopted a burn mechanism.
A widely followed crypto analyst says that three prominent altcoins including Ethereum (ETH) look primed to skyrocket.
Ripple executives Brad Garlinghouse and Stuart Alderoty voiced their support for Paul Atkins as the next U.S. Securities and Exchange Commission chair.
Devcon SEA 2024 in Bangkok highlighted Ethereum's advancements, focusing on real-world applications, scaling, and second-generation cryptography, while fostering community collaboration.
Fed Chair Jerome Powell said bitcoin is competing against gold, not the U.S. dollar, in an appearance on Wednesday.
Crypto analysts like Dark Defender have predicted that the XRP price could still rally to double digits in this market cycle. XRP is currently showing signs of life after Forbes suggested it was a ‘Zombie' coin earlier in the year.
Ethereum (ETH) has experienced a massive surge in institutional interest, with year-to-date inflows hitting a record $2.2 billion. This figure surpasses the previous record set in 2021, showcasing Ethereum's continued dominance in the cryptocurrency space.
XRP's reduced reserve requirements offer greater accessibility but spark developer concerns over network strain.
Bitcoin may consolidate in the near term while select altcoins continue to outperform.
Assets management firm Grayscale expects Solana's (SOL) rise to continue as it outperforms major crypto assets. In a recent market report, the firm noted that Solana trumped Ethereum this year due to meme coin trading on the network.
Ethereum (ETH), Ethereum Classic (ETC), and Binance Coin (BNB) show strong bullish setups with major price targets, including BNB's cup-and-handle breakout aiming for $2,500.
Two leading altcoins, XRP ($XRP) and Cardano ($ADA) are both surging this week despite only moderate advances by market leaders Bitcoin ($BTC) and Ethereum ($ETH). In the last seven days, Ripple's payments focused XRP blew up 78.5% to trade at $2.56.
The XRP price has been on a roll, with a gain of around 90% in the last seven days, providing a bullish outlook for the crypto. This bullish momentum might just be getting started as XRP is nearing the legendary 4.236 Fibonacci level, suggesting that a rally to $9 is possible.
XRP is up and Forbes' earlier report has stirred up the crypto community. The report labeled some top cryptocurrencies, including XRP, as “zombie tokens.
While Ripple-linked XRP has clearly led the market rally over the past month, Tron's TRX is also stealing the spotlight. In the past 24 hours, TRX has spiked by over 70% to set a new record high above $0.4313, pushing it closer to the top 10 crypto assets by ranking, CoinGecko data shows.
Ripple's XRP has had a remarkable performance in November and early December 2024, earning investors' attention and deployed capital. However, different indicators suggest that XRPL's native token could soon experience a corrective crash, raising alerts in the trading community.
Ether looks good on both long and short timeframes, traders say, as ETH price strength "finally" appears against Bitcoin.
Ethereum has crossed the 3,800 USDT benchmark with an increase of over 6% in the past 24 hours, continuing its movement toward $4,000 amidst broader market volatility. Bitcoin (BTC), the leading digital asset, on the other hand, is holding to its $95k level. Ethereum has consistently moved in an uptrend during the day.
Tron's TRX token has captured headlines with its remarkable rally, climbing 85% within a single day to break its previous all-time high of $0.23 and reaching a peak of $0.43, according to CoinGecko data.
BItcoin expected to trade sideways as the market remains in altcoin season.
XRP traders have been taking profits. Among the beneficiaries is the top trending new cat-themed meme coin Catslap ($SLAP), which is expected to announce its first centralized exchange (CEX) listing tomorrow, Thursday December 5. XRP has fallen back from $2.86 to $2.
After a notable upside rally in the past, XRP, the native token of Ripple Labs is poised for price correction as its chart is flashing a sell-off signal. However, this bearish or negative outlook is further getting support from large holders.
DonAlt, a popular pseudonymous cryptocurrency trader with more than 625,000 followers on the X social media platform, has opined that the Ripple-affiliate XRP cryptocurrency is "infinitely better" than meme coins when it comes to actual use cases.
Ripple is in the process of obtaining approval for its stablecoin RLUSD in New York. This implies that the cross-border payment corporation will be permitted to participate in the regulated US crypto market.
Coinbase announced plans to list the meme coins Gigachad and Turbo, causing the prices of both to immediately skyrocket.
Ethereum has crossed into the $3.7K zone. The market witnessed a liquidation of $44.53 million in Ethereum.
Justin Sun, the CEO of Tron (TRX), has outlined new strategies to align the project with shifting U.S. regulatory policies. In his recent comments on X, Sun emphasized Tron's commitment to balancing its vision of decentralization with the evolving stance of the upcoming administration on cryptocurrency regulation.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues its movement toward $4,000 amid broader market volatility. Bitcoin (BTC), the leading digital asset, declined to a low of $93,720 the day before, climbing to its current price of $96,350.
XRP performance over the past week and month is nothing short of spectacular, climbing 78.54% and 403.57%, respectively.
Hyperliquid (CRYPTO: HYPE) is soaring on bullish sentiment on Wednesday, gaining 274% in just a week, as traders and developers praise its innovative model and transformative community impact. In the last week of November, a crypto trader earned $800,000 worth of Hype via an airdrop, highlighting the potential rewards for early platform adopters.
Ethereum (ETH) is the second largest cryptocurrency by market capitalization in the world — although the distance between it and Bitcoin (BTC) is vast in absolute terms. Similarly, the performance of the two leading digital assets has differed substantially throughout 2024.
Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened.
Ethereum has turned deflationary for the day due to no particular smart contract. It instead appears to be a general rise in network demand.
The TRX coin price formed a big God candle, reaching its all-time high of $0.4485, after Justin Sun compared it with Ripple's XRP.