TL;DR Ripple completed a massive $1.8 billion XRP transfer with a fee of just $0.0013, showcasing the ultra-low transaction costs of the XRP Ledger. The efficiency and cost-effectiveness of the XRPL make it an attractive option for high-value transfers, with average transaction costs significantly lower than Bitcoin and Ethereum.

San Francisco-based crypto payment provider Ripple is reportedly accelerating preparations for its much-anticipated Ripple USD (RLUSD) stablecoin. Such a conclusion is drawn from the recent transfers that occurred using the token.

Yesterday, Ripple received the approval of the New York Department of Financial Services to launch its stablecoin, RLUSD. The development has triggered extreme excitement among XRP enthusiasts. In the last 24 hours alone, the price of XRP has climbed by over 5.4%.

Popular blockchain tracking service Whale Alert spread the word about a staggering amount of XRP coins transferred over the past twenty hours. The two largest of these transactions were made by the San Francisco-based crypto behemoth Ripple – it carried several hundred million XRP.

With the asset trading within a descending price channel that may soon result in a notable breakout, XRP's price chart displays an interesting setup. After a parabolic rise, the pattern is a typical consolidation phase realized in a descending channel, indicating a build-up of momentum for the next significant move.

Bitcoin (BTC) reclaimed $100,000 after registering an increase of over 4% in the past 24 hours as the crypto market rallied following the release of the November inflation data. The world's largest cryptocurrency almost crossed $102,000 after reaching an intraday high of $101,819 before retreating to its current level.

XRP News: The recent massive XRP transfer by Ripple has sparked speculations in the market amid a price surge in its native token. The blockchain firm has moved 380 million XRP, worth more than $915 million, to a wallet, fueling discussions over its potential impact on the asset's value.

XRP price jumped 10% after Ripple received NYDFS approval for its RLUSD stablecoin, pushing the token above $2.25 amid increased trading volume and positive technical indicators.

XRP, the native cryptocurrency of Ripple, has recently experienced its first major pullback since November. After reaching an 8-month high of $2.90 in early December, the cryptocurrency saw a sharp decline, dropping to as low as $1.90.

Bitcoin has once again surged past the $100,000 mark, trading at around $100,500 following the release of U.S. Consumer Price Index (CPI) data for November.

As expected, whales went on an accumulation spree in the past few days.

Earlier, there were rumours that the New York Department of Financial Services was seriously considering Ripple's request to launch the company's stablecoin, RLUSD. Marking an end to speculations, yesterday, Brad Garlinghouse, the CEO of Ripple Labs, confirmed that the company received approval from the NYDFS to launch RLUSD.

Ripple is excited about the success of RLUSD as they recently received NYDS approval, which is a big step forward. This approval gives RLUSD a high regulatory standard, and the transparency offered by audits will be appealing to users.

The on-chain analytics firm Santiment has revealed that Dogecoin and XRP are flashing bullish signals in an often overlooked metric. Dogecoin, XRP, & Bitcoin Recently Saw A Decline In Mean Dollar Invested Age In a new post on X, Santiment has discussed the latest trend in the Mean Dollar Invested Age indicator for a few of the top coins in the cryptocurrency sector.

Whale investors seized the opportunity to buy 100 million XRP after it briefly dropped below $2.

XRP price started a strong increase above the $2.25 resistance zone. The price is up over 10% and might aim for a move above the $2.50 resistance zone.

Democrat Caroline Crenshaw's nomination for another term as a commissioner at the Securities and Exchange Commission has faced new setbacks.

Ripple's XRP is currently up by more than four percent and is trading at the $2.40 levels. The current chart for XRP remains largely unchanged and the primary outlook suggests that XRP could be in the later stages of a bullish structure.

Can XRP's on-chain demand and sell pressure stats offer insights into its price movements? A look at its next potential major support.

Bitcoin Hits $100k as SEC Drama Unfolds: ETF Inflows and Regulatory Tensions Set Stage for Crypto Market Volatility.

A surge in XRP's open interest suggests continued investor interest in the cryptocurrency, according to analyst Iliya Kalchev.

A higher low, a crucial reversal signal that might pave the way for fresh bullish momentum, is being hinted at by the price action of XRP. When XRP was unable to break above the $2.80 resistance level, a critical area that signaled the end of its recent rally, it entered correction mode on Dec. 3.

Crypto analyst Dark Defender has revealed a target to watch out for as the XRP price targets a new all-time high (ATH). The analyst made this prediction based on his wave analysis, which showed that XRP is still bullish.

Technical analyst Ali Martinez has said that the drop in crypto prices has allowed whales to accumulate more assets. In a post on X, Martinez reported that 342 new wallets holding more than 100 BTC were created as Bitcoin dipped from $104,000 to around $90,000.

Bitcoin, the world's oldest and largest cryptocurrency, rose back above the $101,000 level on Wednesday, clawing back most of its losses after a bruising sell-off earlier this week.

Crypto analyst Dark Defender has predicted that the XRP price could soon rally to as high as $5. The analyst further revealed what needs to happen in the short term for XRP to reach this target, which would mark a new all-time high (ATH) for the crypto.

Bitcoin's rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.

The XRP price break above the $1 and $2 price levels in recent weeks has put the cryptocurrency on the most bullish trajectory since 2018. Although the XRP price is seemingly consolidating since this notable run, analysts continue to anticipate another remarkable run-up that would eventually see it breaking into new all-time highs.

Ripple Labs' newest stablecoin product has received final approval from a prominent New York regulator. In a post on the social media platform X, Ripple chief executive Brad Garlinghouse says that Ripple USD (RLUSD) – the firm's new dollar-pegged crypto asset – has been approved by the New York Department of Financial Services (NYDFS).

Atomic Wallet, a well-known non-custodial decentralized wallet, recently made waves with its bold predictions about XRP's future. After previously expressing a sarcastic bullish stance on the cryptocurrency, the wallet platform raised concerns within the XRP community by suggesting that the digital asset might never reach the $3 mark again.

XRP has displayed a strong recovery over recent days, with prices climbing to $2.37 to $2.42 over the past hour, reflecting a 17% gain in 24 hours. Consolidation Phase or End of Rally? XRP at a Critical Crossroads XRP's upward momentum has brought the crypto asset close to a pivotal resistance zone at $2.

Ripple‘s native token (CRYPTO: XRP) has skyrocketed 20% over the last 24 hours, trading at $2.43, significantly outpacing Bitcoin's (CRYPTO: BTC) 5% rise to $100,500. The rally comes after Ripple Labs secured approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin on Tuesday, marking a pivotal step in Ripple's expansion into the burgeoning stablecoin market.

XRP, the native token of Ripple Labs, is poised for upside momentum as on-chain metrics, technical analysis, and recent whale activity hint at bullish signals. Recently, a whale transaction tracker, Whale Alert made a post on X (previously Twitter) that 22.08 million XRP tokens worth $46.13 million were transferred from Binance to an unknown wallet.

TL;DR XRP has reached $2.39 per unit, marking an 18.8% increase in the last 24 hours and an accumulated rise of 303% over the past 30 days. The cryptocurrency has shown impulsive movements since November, with experts highlighting its clear upward trend and potential for further growth.

In a notable display of resilience amidst a broadly subdued crypto market, XRP has surged 6.7% in the last 24 hours. Following a dip to as low as $1.90 on December 10, the asset is once again trading above $2.36, defying the predominantly bearish sentiment that has taken hold of the altcoin sector.

Ripple's native token, XRP, has been experiencing turbulence in the broader crypto market, but long-term projections remain optimistic. Despite a recent dip of 17%, XRP has the potential to reach significant milestones in the coming years.

As crypto wavers, an old companion whispers in the ears of traders: XRP and Dogecoin have not said their last word.

Large whales on the XRP Ledger have been heavily accumulating the network's native cryptocurrency, with data showing that as the price of the XRP token rises, so do large whales' holdings.

Wednesday morning's in line U.S. inflation data seemingly cleared the way for a Fed rate cut next week.

XRP has been experiencing interesting price movements lately, with an unexpected surge in retail interest. Google Trends data shows a rise in mentions of XRP and this surge has sparked a lot of retail hype. According to Brian from Santiment, it's fascinating how a strong 30-day performance can drive this kind of excitement.

Bitcoin rose back above $100,000 per coin Wednesday after U.S. inflation data matched expectations, with other top coins also popping.

Ripple CTO David Schwartz has a way of breaking down complex issues into simple explanations. Recently, in a lively discussion on X, he explained what makes Bitcoin (BTC) truly exceptional.

Dogecoin, XRP, and Bitcoin show MDIA trends hinting at potential bull market recovery.

According to Ripple CEO Bradley Garlinghouse, the company's RLUSD stablecoin has officially received final approval from the New York State Department of Financial Services (NYDFS).

On the back of mass market-wide liquidations, XRP seems to have found the footing needed for its next attempt at a new all-time high, according to an expert analyst. The post XRP Price Drops Below $2.20 – Was $1.94 the Key to Its Next Bullish Surge? appeared first on Cryptonews.

Ripple recently broke past its previous major swing high of $2, maintaining strong upward momentum and nearing its all-time high of $3.4. This price zone is critical, as a breakout above it could ignite a substantial rally to unprecedented levels.

A trader recently turned a modest $2,500 into an astonishing $200,000 by leveraging XRP futures at 500x on the cryptocurrency exchange Rollbit. While the risk was immense, the strategy paid off as XRP's price surged drastically, after the announcement of approval of RLSUD stablecoin.