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.

XRP has recently surpassed Tether (USDT) to reclaim its spot as the third-largest crypto by market cap, following Bitcoin and Ethereum. Meanwhile, this sudden rise follows the global launch of Ripple's new stablecoin, RLUSD. As a result, XRP's market cap now stands at $147 billion, surpassing USDT's market cap of $140.5 billion.

XRP has been at the center of ambitious price targets, with some market participants speculating that it could reach as high as $100, $300, or even $500 in the future. These predictions are often fueled by XRP's historical performance and the belief that the cryptocurrency could repeat its past success.

The XRP (XRP -6.12%) cryptocurrency is skyrocketing these days.

Despite an earlier strong breakout, XRP's price performance has been under pressure lately and appears to be stagnating. Although there is a bullish trendline breakout on the given chart, momentum is waning.

TL;DR Bloomberg analysts predict a significant surge in crypto ETFs in 2025, driven by changes in SEC leadership and growing market demand. The first wave of new crypto ETFs is expected to be led by Bitcoin and Ethereum, followed by Litecoin and Hedera, which have favorable regulatory positions.

Ripple has launched its dollar-backed stablecoin RLUSD on multiple global exchanges, with initial trading available on five platforms and more to follow, while maintaining full USD backing through deposits, treasuries, and cash equivalents.

Bloomberg's senior ETF analyst expects multiple new crypto exchange-traded funds (ETFs) to launch in 2025 amid anticipated changes in Securities and Exchange Commission (SEC) leadership since Republican Donald Trump won the U.S. presidential election.

Another SEC official with a negative stance on the crypto industry could vacate their post.

Between Sunday, December 25, and the time of writing, XRP whales have accumulated tokens worth $2.17 billion. This significant purchase has sparked speculation that XRP's price could be ready to hit a new high with just a few days left before the year closes.

Ripple's new stablecoin is fully backed by US dollar reserves to ensure price stability and minimize volatility, making it suitable for global cross-border transactions. The post Ripple's New Stablecoin RLUSD Officially Launched, Will XRP Pump Even Harder? appeared first on Cryptonews.

RLUSD will initially be available on exchanges such as Uphold, Bitso, MoonPay, Archax, and CoinMENA. More platforms, including Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, and Zero Hash.

XRP has broken through the $2.70 price level, establishing new support zones while technical indicators and market analysts point to potential further upside movement toward the $3 mark, though some analysts warn of possible retracement.

The crypto investment landscape transforms as Bitcoin ETFs accumulate over $123 billion in assets since January approval, while analysts project a strategic expansion of crypto ETFs in 2025, potentially reshaping market dynamics.

Bitcoin is shooting for the moon again on the current macro market cycle. But since the start of November, Ripple nearly went parabolic.

Ripple's Chief Technology Officer (CTO), David Schwartz, has confirmed that the recent reduction in XRP Ledger (XRPL) account reserve fees is aimed at unlocking more XRP for users, making the platform more accessible. The changes reflect Ripple's continuous efforts to improve the XRP Ledger in response to the growing global adoption of cryptocurrencies.

It looks like the clouds are clearing for Ripple as recent events have given it a boost, possibly changing the course of its legal battle. Trump's promise to fire SEC Chair Gary Gensler on day one seems to be coming true, as Gensler announced his resignation on January 20, the same day Trump is inaugurated.

Bloomberg analysts Eric Balchunas and James Seyffart predict a significant surge in cryptocurrency exchange-traded funds (ETFs) in 2025.

XRP surged 13% in the past 24 hours, trading at $2.69, with a weekly increase of 21%.

XRP has been on an upward trajectory, showing a steady increase in price and momentum. Currently trading at $2.51, the popular altcoin has been building bullish momentum over the past few days, up 4.21% since December 15.

The year 2024 is ending with Bitcoin touching the new ATH of $107K and maximum altcoins trading in green. Factors adding to this rally are major expectations of lower interest rate cuts in December, as it typically helped Bitcoin. Another factor that boosted this rally was the inclusion of MicroStrategy in the Nasdaq 100 index.

Great news for the crypto industry: SEC Commissioner Caroline Crenshaw will not be renominated. According to Fox Business' Eleanor Terrett, a Senate aide confirmed that the Senate Banking Committee's scheduled vote on her nomination has been canceled.

XRP price started a fresh increase above the $2.50 zone. The price is now consolidating gains and might soon aim for a move above the $2.62 resistance.

Empower Oversight is calling on Congress to release an SEC inspector general report on former chairman Jay Clayton's actions. A nonprofit focused on government accountability, they questioned Hinman, who served as the SEC's Division of Corporation Finance director from 2017 to 2020.

Ripple's XRP rallied beyond $2.71 on December 17 after the launch of the much-awaited RLUSD stablecoin. However, XRP has hit reverse after touching $2.71 and is now trading at $2.55 level. XRP has strong support near the $2.40 levels and currently, the market is moving in the right direction and may rise slightly higher.

Ripple's RLUSD stablecoin launch drives XRP demand amid SEC scrutiny. Will the Crenshaw vote further boost XRP's price?

XRP, the cryptocurrency developed by Ripple for fast and low-cost payments, has been under the radar of many traders and analysts recently. Now, one seasoned crypto strategist believes that XRP could be on the brink of an extraordinary surge, potentially increasing by 719%.

The cryptocurrency market has been experiencing a phase of consolidation following Bitcoin's recent surge, and altcoins like Litecoin (LTC) and XRP are mirroring this trend. Both tokens have been caught in long-term symmetrical triangle patterns, signaling potential breakouts.

Bloomberg analysts forecast a wave of crypto ETFs, featuring XRP and Solana, in 2025 amid SEC changes and market shifts. The post Bloomberg analysts predict wave of crypto ETFs in 2025, targeting XRP, Solana, and HBAR appeared first on Crypto Briefing.

A notable financial expert and wealth mentor, Linda Jones, has explained why XRP is a good long-term investment. In her video “Why Do I Hold XRP?

Eric Balchunas, one of the leading ETF analysts, has poured cold water on the prospects of an XRP exchange-traded fund being approved by the U.S. Securities and Exchange Commission (SEC) in the near future.

Cryptocurrency markets are trading sideways on Tuesday, as markets await the Federal Reserve's interest rate cut decision. The Fed is expected to announce its third consecutive reduction with a 25-basis-point rate cut.

The recent launch of Ripple's stablecoin initiative has drawn attention and profit-taking from early investors. While XRP continues to hold long-term potential, many investors are now looking to capitalize on other emerging opportunities with higher ROI potential.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mike Belshe of BitGo explains what the distribution of payments from FTX's bankruptcy will mean for the crypto market.

On Dec. 17, Ripple announced that the trading of its new dollar-backed stablecoin, Ripple USD (RLUSD), had gone live on multiple exchanges around the world: The stablecoin launched on both the XRP Ledger and Ethereum blockchain, ensuring broad accessibility and interoperability.

"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry Tuesday as the launch of Ripple's RLUSD sparked an XRP trading frenzy. Plus, the latest on MiCA and Tether's investment in European stablecoin company StablR.

XRP has rallied 10% in 24 hours after RLUSDs launch sparked a wave of bullish sentiment. Analysts suggest this surge could be the start of a bigger rally, projecting XRP may reach $5 by targeting new resistance levels.

In this ongoing bull run, XRP, the native token of Ripple Labs, is making waves in the market with its impressive performance and has gained significant attention from crypto whales.

The regulatory winds have shifted with President-elect Donald Trump and the most pro-crypto Congress ever assembled set to take office.

A wave of cryptocurrency ETFs is expected to hit the market in 2025, with Litecoin (CRYPTO: LTC) and HBAR (CRYPTO: HBAR) possibly getting approved ahead of Solana (CRYPTO: SOL) and Ripple (CRYPTO: XRP), according to Bloomberg Intelligence ETF analyst Eric Balchunas.

The official X account of Ripple CEO Brad Garlinghouse has now surpassed 1 million followers.

Bloomberg analysts, including Eric Balchunas and James Seyffart, have predicted that the Litecoin and Hedera ETFs could launch before the Solana and XRP ETFs. These analysts also provided insights into why they hold such beliefs regarding the crypto ETF landscape.

XRP has entered a consolidation phase after reaching a multi-year high of $2.90 during the first week of December. The cryptocurrency's price action has left investors uncertain about its next move, fueling speculation about whether XRP will surpass the critical $3 mark or if the cycle top has already been set.

Ripple chief technology officer David Schwartz says investors should not hope for gains on stablecoins as his firm prepares to launch its new dollar-pegged crypto asset.

Ripple's RLUSD stablecoin is now listed on global crypto exchanges. It aims to challenge dominant players like Tether's USDT and Circle's USDC.

RLUSD went officially live today on global exchanges, which combines the stability of fiat with the efficiency of blockchain technology. Ripple has described RLUSD as an ‘enterprise-grade stablecoin built on trust, utility, and compliance.' Backed by US dollar deposits, US government bonds, and other cash equivalents, RLUSD will undergo third-party audits to ensure transparency.

Recent price action in the overall crypto market has seen the XRP price reversing into bullish momentum in the past 24 hours. Notably, buying trends and mentions on social media show that the bullish sentiment has never departed from XRP, even during its price rejection at the $2.9 level earlier this month.