The closer we get to the end of the year, the more heightened are the expectations of crypto market participants, and in particular the XRP community, about the release of the Ripple USD (RLUSD) stablecoin from the San Francisco-based crypto company of the same name. Previously, Ripple's CEO said that RLUSD is expected to be released in 2024, and with two weeks left until the new year, there is less and less time for the release.

Ripple's RLUSD stablecoin is generating pre-launch bids up to $1,244 despite warnings from CTO David Schwartz, who emphasizes the token's intended $1 peg and cautions against speculation ahead of its imminent market debut following New York regulatory approval.

The company made a big announcement on December 12th, 2024. It is investing $100 million to develop AI solutions for the XRP Ledger ecosystem.

Ripple's native cryptocurrency, XRP, has once again captured the attention of the crypto market after its recent 8% rebound. The cryptocurrency briefly dipped below the $2 mark on December 10th, leading some to speculate that its bullish trend might be losing steam.

Ripple's XRP is at the center of growing attention due to major ecosystem developments and price movements.

Ripple CTO David “JoelKatz” Schwartz has outlined how RLUSD—the upcoming stablecoin on the XRP Ledger—could initially trade at highly inflated prices, possibly even $1,200, despite its intended $1 peg. Speaking via X, he highlighted early supply bottlenecks, speculative fervor, and the fundamental market mechanics of stablecoins as factors likely to drive any short-lived spike.

The cryptocurrency market has achieved a new high by hitting a market capitalization of over $3.7 Trillion. With this, Bitcoin price today has achieved a new all-time high of $106,488.25 during the early Asian market hours. This highlights a strong bullish sentiment in the crypto space.

Ripple CTO has cautioned that Ripple's upcoming US dollar-pegged stablecoin, RippleUSD (RLUSD), may face supply shortages upon launch. The post Ripple CTO Warns of Potential Supply Shortages in Early Days of Ripple's Stablecoin Due to Large Orders appeared first on Cryptonews.

Ripple's Chief Technology Officer, David Schwartz, has warned that while there may be temporary supply shortages when RLUSD launches, causing prices to briefly rise above $1, the price will soon stabilize as the market adjusts. He urged investors not to fall for “FOMO” (Fear of Missing Out) over possible early price fluctuations of the stablecoin.

Schwartz highlighted pre-market bids for RLUSD reaching $1,244, driven by buyers eager to claim the “honor” of being the first to buy it.

Ripple's RLUSD launch highlights the risks of speculative behavior in stablecoin markets, emphasizing the need for informed investment decisions. The post Ripple CTO advises against FOMO amid expected price spikes for RLUSD at launch appeared first on Crypto Briefing.

Seven years ago, Eddie Lobanovskiy designed the iconic XRP logo, symbolizing scalability and speed. Now, he's back with a new creation: the XRP $ARMY logo. Lobanovskiy described it as “the helmet of courage, an unstoppable ‘X' of strength,” symbolizing the power of the XRP Army.

XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone.

Ripple's XRP is currently trading slightly above the $2.40 levels and has slipped into the green zone.XRP is maintaining its position above the upper boundary of the trend channel and recently there has been increased volatility in the crypto market, raising hopes for a possible further move upward.

One trader has set a $1,200 bid for one RLUSD, an early warning sign there could be massive volatility when Ripple's RLUSD stablecoin launches.

XRP demand rises as SEC's appeal deadline nears and Gensler's exit looms, with market focus on Crenshaw's key reappointment vote.

Hovering within a descending triangle pattern on the chart, XRP is clearly struggling. Although XRP experienced a huge spike earlier, it is currently struggling to recover and surpass significant resistance levels.

Ripples RLUSD stablecoin is making waves with a $1,200 wallet listing, stirring excitement and caution in the XRP community. Ripple CTO David Schwartz explains the surge, advising holders to stay grounded ahead of the stablecoins official debut.

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.

XRP has definitely emerged as a winner in the crypto market over the past few weeks. With the price of the token skyrocketing over 500% since November, many XRP enthusiasts and market participants in general have begun to speculate on where it's going and if the sky's the limit.

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.