XRP's 8% rebound and rising on-chain activity suggest that its bullish rally may not be over.

XRP, the native token of Ripple Labs, is gaining significant attention from crypto experts and community members worldwide. Over the past few days, XRP has been consolidating in a range, with whales and institutions showing strong interest and confidence in the token, as revealed by the on-chain analytics firm Coinglass.

David Schwartz, chief technology officer at San Francisco-based blockchain firm Ripple, has cautioned the XRP community that there might be supply shortages of the new RLUSD stablecoin.

According to data from CoinMarketCap, XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP circulating.

The price of Bitcoin came within a few hundred dollars of the record Sunday while other assets like Dogecoin and XRP are quietly climbing.

XRP began soaring after Donald Trump's election win last month, but the crypto's climb turned into a rocketship ride after Securities and Exchange Commission (SEC) Chair Gary Gensler announced that he will resign effective January 20, 2025.

On Dec. 15, 2024, XRP is caught in a dance of indecision, hovering around the $2.40 mark as buyers and sellers tussle for dominance. XRP XRP's daily chart shows a thrilling ascent from $0.57 to $2.90, followed by a cool-down and settling near $2.40. This spot has become a crucial support after a refreshing correction.

Ripple's long-anticipated journey toward becoming a publicly traded company has kept the XRP community on edge. Although discussions around a $30 billion valuation have circulated for over a year, the path to accessing stocks remains a point of interest — and controversy.

Ripple's Chief Legal Officer Stuart Alderoty has once again taken aim at the U.S. Securities and Exchange Commission (SEC), calling attention to the agency's regulatory approach. In a recent tweet, Alderoty highlighted the SEC's tactics, characterizing them as "lawless.

A photo of Ripple's chief legal officer, Stuart Alderoty, standing next to entrepreneur and Department of Government Efficiency (D.O.G.E.) co-chair Vivek Ramaswamy, has gone viral in recent days.

XRP's payment volume has drastically decreased, dropping by about 97% from its Dec. 2 peak of 3.7 billion XRP to much lower levels in recent days. The current sentiment and market dynamics surrounding XRP are called into question by this decline in transaction activity.

According to data provided by Google Trends, searches for the XRP cryptocurrency recently reached a new peak, overshadowing the 2017 peak.

XRP consolidates at $2.41, testing key resistance at $2.50. Will a breakout push XRP to $3? Fed rate decision this week could fuel a bullish move. The post XRP Price Stalls at $2.41 – Could XRP's Next Move Be a Surge to $3? appeared first on Cryptonews.

Popular market analyst Egrag Crypto has tipped XRP to soon hit the $2.90 price mark. This prediction comes amidst little movement in the XRP market following a consolidation between $2.25-$2.50 over the past few days.

Elon Musk is embroiled in an ongoing dispute with the U.S. Securities and Exchange Commission (SEC). Musk's lawyer, Alex Spiro, recently accused the SEC of a harassment campaign against Musk and his companies, including Neuralink. The SEC has given Musk a 48-hour ultimatum to settle and has issued subpoenas.

SEC's Ripple case appeal and XRP-spot ETFs loom large. Will XRP rally above $2.9070 or fall below $2?

XRP, the cryptocurrency associated with Ripple, has managed to maintain a steady performance despite a challenging market environment that has seen declines across many digital assets. In the face of growing volatility, XRP's ability to resist significant price drops has caught the attention of investors and analysts alike.

Ripple's XRP is currently down by more than two percent and is trading at the $2.41 levels. The altcoin is down by more than seven percent in the last seven days. XRP is still technically within a larger bull market, with no confirmed lower highs or lows on the weekly time frame.

With the XRP price set to make its next move, crypto analyst Dark Defender has revealed the next major support and resistance levels for the crypto. The analyst also suggested that XRP's next move could happen sooner than expected.

Elon Musk's SEC battle has drawn criticism from Ripple's legal chief, Vivek Ramaswamy, and Chamath Palihapitiya, who accuse the regulator of corruption, coercion, and partisan overreach. SEC Faces Backlash Over Elon Musk Case: Ripple's Legal Chief Weighs in Elon Musk's ongoing battles with the U.S.

XRP has skyrocketed 370% since Donald Trump's election victory, taking the lead in what's now being dubbed the “Trump trade bull run.” Bitcoin, for all its clout, has only climbed 46%, and the broader crypto market, measured by the CoinDesk 20 index, has risen 93%.

The XRP price is holding steady around $2.4, but concerns are growing about a potential drop below $2. With Bitcoin struggling to break past $104K, could XRP follow suit and crash?

XRP is trading at $2.41, with an intraday range of $2.38 to $2.52, a market cap of $137.70 billion, and a 24-hour trading volume of $8.77 billion, highlighting a phase of consolidation. XRP On the 1-hour chart, XRP shows a short-term downtrend following a retreat from a local high of $2.

XRP has experienced a significant surge today, showing signs of strong recovery after a period of market volatility.

Recent developments like XRP ETF filings, the announcement of a new SEC Chair, and the news of RLUSD stablecoin have further fueled XRP ETF launch speculations. But surprisingly, BlackRock has revealed no recent plans to file an ETF application for XRP or any other altcoins.

Ripples market moves, including its RLUSD stablecoin launch, have added fuel to rumors surrounding BlackRocks potential role in shaping the XRP ETF landscape. Grayscales remarkable growth adds a new layer of intrigue to the crypto narrative.

South Korea's National Assembly voted to impeach President Yoon Suk Yeol on Saturday, which intensified the nation's political uncertainty and tanked the national currency. The move comes after Yoon's controversial attempt to impose martial law in early December, which opposition leaders condemned as a threat to democratic order.

The world of cryptocurrencies is buzzing, and this time, it's XRP that is making the headlines. With an unprecedented flow of 2.66 billion tokens transferred on Binance in 30 days, the "whales" are taking control of the market.

Recently, XRP has been in the spotlight with its price jumping over 5% to $2.46, over the past 24 hours. Notably, the price of XRP has both soared and suffered a blow major blow. From a low of $0.7726, the coin has reached as high as $2.86, just shy of the $3 resistance.

With Donald Trump's win, the hopes around crypto regulations and supportive practices have increased. The re-elected President is already on the move, and picking his association seems crypto-friendly, which is nothing less than an achievement for the crypto investors.

As the markets are heading towards the last few days of the yearly trade, the volatility was expected to increase following a notable rise in the volume. However, the current trends suggest that the liquidity within the markets is slowly contracting, which could be a bullish signal for cryptos like XRP.

Whale activity has surged in the last 24 hours, Crypto analyst Ali Martinez has recently observed significant whale activity in major cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP during a market dip.

Ripple CTO David Schwartz has responded to a conversation about Automated Market Maker (AMM) liquidity, addressing an important aspect of liquidity provider (LP) tokens. The conversation on X concerned the dynamics of LP tokens and their implications for liquidity pools.

Multiple positive developments including XRP ETF filings, SEC Chair Gary Gensler stepping down and RLUSD stablecoin have further fueled XRP ETF launch speculations. However, BlackRock has no plans to file an ETF application for XRP or any other altcoins, disclosed BlackRock‘s ETF department head Jay Jacobs.

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The digital currency ecosystem is in recovery mode, with the XRP price in the spotlight. Over the past 24 hours, the Ripple Labs-associated coin has jumped by 5.99% to $2.46.

South Korea's shocking martial law declaration sent the crypto market into chaos, with XRP crashing from $2.60 to $2.13 in a massive sell-off. But the panic didn't last long! However, XRP price has bounced back, rising by almost 9% in the last 24 hours.

Prominent tracking platform Whale Alert, which monitors large cryptocurrency transfers, spreads the word about a mysterious big XRP movement spotted during the last 24 hours.

On Dec. 14, XRP, the third-biggest cryptocurrency, showed a major spike in a crucial indicator.

On December 10, Ripple's (XRP) price temporarily slipped below $2, sparking speculation that its prolonged uptrend might be ending. However, the bearish concerns have been short-lived.

XRP Listing: The crypto has noted a strong recovery today, after a recent volatile trading, with a flurry of positive developments boosting market sentiment. Amid this, a major listing announcement for Ripple's native crypto has further bolstered investors' confidence in the asset.

Elon Musk has criticized the U.S. SEC for being a “weaponized institution" in a recent post on X

XRP is the top performer from the larger-cap alts today.

The XRP (XRP) price has paused after reaching a high of $2.87 on December 2. The uptrend has continued as the cryptocurrency retraced and found support above the 21-day SMA.

With Bitcoin hovering around $100,000, altcoins have made a comeback. XRP has breached a key hurdle, which hints that the next phase involves a massive uptrend.

Ripple's XRP is on the verge of a major breakthrough, as recent developments in stable coins and strategic partnerships could trigger a significant price surge. The approval of RLUSD, a new stable coin backed by Ripple, by New York regulators has added fresh optimism to the XRP ecosystem.

In a recent X post, Ripple CEO Brad Garlinghouse backed Elon Musk, as the Tesla CEO criticized the US SEC. This has sparked immense discussions in the market, especially after the SEC Chair Gary Gensler recently targeted Elon Musk.