Crypto analyst Egrag Crypto has provided insights into whether the XRP price will rise or drop in the next 90 days. This came as the analyst revealed his target projections for XRP by March 2025, which coincidentally falls within this timeframe.
In a noteworthy development, the RLUSD stablecoin has seen an increase in trading volumes, rising by 106% in the past 24 hours. According to data from CoinMarketCap, RLUSD's trading volume has reached $39 million in the previous 24 hours, highlighting the growing traction of this stablecoin in the market.
2024 has been colossal for bitcoin, and with just a handful of days left in the year, its dominance now stands at 56.8% of the $3.29 trillion crypto economy. Back in January, bitcoin held a lower 50.3% of the market, which was then valued at $1.65 trillion.
Seasoned trader Peter Brandt has shared two charts that hint at the next possible move for XRP price.
XRP has been consolidating under key resistance for over a month, frustrating investors as the altcoin struggles to gain upward momentum.
TRON has become a standout blockchain in the cryptocurrency space, recently hitting remarkable milestones in transaction fees and USDT (Tether) activity. As the blockchain ecosystem continues to expand, these key metrics are not only reflecting growing adoption but also highlighting the increasing involvement of institutional investors in TRON's ecosystem.
Charlie Gasparino, a New York Post columnist and FOX Business Senior Correspondent, recently appeared on Anthony Pompliano's podcast. Gasparino made harsh comments about the SEC's handling of the Ripple case, calling the regulation unnecessary. He discussed the possibility that the ruling might be reversed, potentially putting Ripple back under legal scrutiny.
XRP News: In a recent interview, Fox Business correspondent Charles Gasparino's comments on Judge Torres's ruling in the Ripple vs. SEC case sparked a heated debate.
Ripple (XRP) seems weak as it consolidates around $2.1, especially with Bitcoin crashing from its ATH. Due to BTC's steep correction and failure to recover, the outlook for altcoins looks bleak.
XRP recorded a price correction, which can restrict it from competing with BTC and ETH.
It seems a new record won't arrive in 2024.
Ripple's XRP has entered a period of consolidation, navigating through minor price fluctuations while maintaining a generally positive trajectory. As of today, XRP trades at $2.17, reflecting a slight decline of over 2%.
US Crypto Policies Threaten XRP & BTC Trends: Anti-crypto moves by the Biden administration and SEC weigh on XRP prices and BTC adoption potential.
Ripple's XRP is currently consolidating on the larger time frame, with no major price correction. Instead, the market is moving sideways, hinting at a period of consolidation within an overall uptrend. At the time of writing, XRP is down by more than two percent and is trading at $2.17.
Charlie Gasparino, a New York Post columnist and FOX Business Senior Correspondent, shared his thoughts on the regulation of Ripple, expressing that he always believed the scrutiny on the company and its cryptocurrency XRP was unnecessary.
The TRON blockchain has been making significant strides in the cryptocurrency market, recording a notable increase in network fees and transaction activity. Particularly, over the past year, the TRON network has consistently demonstrated growth across multiple key metrics, reflecting increased adoption and participation from larger players in the digital asset market.
CryptoQuant community analyst Maartunn shared data indicating that the XRP Ledger's (XRPL) velocity has risen in the past few weeks amid heightened activity, suggesting growing utility within the network. Velocity is calculated by dividing a crypto market cap by its transaction volume.
Critical support for XRP is present at the 26 EMA, a level that has been holding the ground for the asset. The assets short-term trajectory will probably be determined by the ongoing battle at this price.
One crypto analyst on X shared on Wednesday an investment thesis that sees the market cap of XRP surging to as much as $1.56 trillion if the token's dominance continues to scale up in the following months.
The cryptocurrency market is a connected ecosystem, and interoperability fuels its development. Cardano, which has a market capitalization of $31.4 billion, and Ripple's XRP, with a market capitalization of $123 billion, could be planning to enter into a symbiotic relationship.
The SEC's ongoing legal battle with Ripple over its XRP token is that it is overreaching to regulate the crypto space while leaving more pressing issues such as the Sam Bankman-Fried. Focusing on Ripple could be a concerning precedent for future digital asset regulations in the U.S.
Pro-XRP lawyer John Deaton has criticized a newly finalized crypto tax reporting rule issued by the Biden administration. The rule, titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales,” was recently introduced by the IRS.
The Ripple (XRP) price has broken below the 21-day SMA support and made a low above $2.00. Cryptocurrency price analysis brought by Coinidol.com.
Cryptocurrency markets are trading down on Friday, with Bitcoin falling below the $95,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,485.63 -1.2% Ethereum (CRYPTO: ETH) $3,358.23 +0.7% Solana (CRYPTO: SOL) $186.67 -1.3% XRP (CRYPTO: XRP) $2.17 +0.5% Dogecoin (CRYPTO: DOGE) $0.3144 +0.1% Shiba Inu (CRYPTO: SHIB) $0.00002185 +0.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 31.6% and daily active addresses falling by 0.04%.
Stablecoin issuer Tether has made a novel venture capital fund investment into an Arcanum Capital fund dedicated to supporting decentralized technologies.
As MiCA regulations impact stablecoins in the EU, questions arise about USDT's compliance and potential market effects. The post Tether grapples with new FUD as MiCA regulations take effect on Dec. 30 appeared first on Crypto Briefing.
Bitcoin's repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
Cryptocurrencies did well in 2024, and the trend may continue in the coming year as the Federal Reserve cuts rates. XRP price surged to $2.90, up by over 640% from its lowest level during the year after Donald Trump won the election.
Despite the recent bull rallies by both coins, OKX appears to have maintained its stance, as previously stated in June of this year. Ripple's XRP and Litecoin (LTC) USDT-margined and crypto-margined expiry futures will be delisted by the crypto exchange today.
The PHNIX meme coin, launched on the XRP Ledger, has landed on its first major centralized crypto exchange. On Dec. 27, the Phoenix team announced that crypto exchange MEXC has listed PHNIX.
Missing compliance deadlines, USDT raises concerns about liquidity and transaction costs. Criticism of USDT rises over audit practices and halted coin minting.
XRP's price is currently chilling at $2.14, having dipped 1.1% in the last 24 hours. With a market cap of $123 billion, it ranks fourth behind tether (USDT), boasts a global trade volume of $5 billion, and has been bouncing between $2.13 and $2.23 today.
The price of Ripple (XRP) has seen a spectacular increase of over 300% in the last two months, reaching $2.10 on December 27, 2024. However, warning signs suggest that the XRP cryptocurrency could collapse by at least 25% in the coming days.
Robert Kiuru, COO at XRPL Labs, recently stressed the importance of the Batch Amendment for the XRP Ledger.
XRP price continues to slowly form a bullish pennant chart pattern as expectations of the Securities and Exchange Commission approving a Ripple ETF rise. Ripple (XRP) price was trading at $2.
At a time when Donald Trump promised to make America the crypto head, Europe followed a different path with the Tether Ban. Tether (USDT) is the biggest stablecoin, and it is considered ideal for crypto transactions due to its value being pegged to the dollar.
In a wide-ranging two-hour livestream on December 26, Cardano founder Charles Hoskinson addressed ongoing discussions around partnering with Ripple, advancing a Chainlink integration, and bridging Bitcoin into the Cardano ecosystem. Speaking from Gillette, Wyoming, Hoskinson provided new details and timelines for these initiatives, emphasizing security requirements and technical collaboration across multiple blockchains.
The price of Ripple-linked cryptocurrency XRP has witnessed considerable selling pressure recently following a crypto-wide drawdown last week. However, this has not deterred analysts from sharing ultra-bullish targets for the coin.
XRP, after witnessing price volatility in the past couple of days, with its value dropping to $2.137, has made a rebound. Data from CoinMarketCap shows the coin has reclaimed the $2.20 price level, representing a 1.75% increase in the past 24 hours.
The digital asset currently holds a 2% market dominance, with a market cap of $125 billion. The coin is trading at $2.20, up 52% in the last month, with a daily trading volume of over $5.60 billion.
Cryptocurrency enthusiasts and traders have been paying close attention to XRP, the digital asset associated with the Ripple network. Recently, crypto analyst Egrag Crypto made waves with a bold prediction that XRP could reach as high as $27 in the next market cycle.
XRP News: Crypto exchange Binance's peer OKX will delist Ripple's XRP and Litecoin (LTC) USDT-margined and crypto-margined expiry futures today. The move comes in line with current market trends and to meet users' needs, the crypto exchange explained.
While the EU's cryptocurrency regulations are poised to take full effect in just a few days, there's still significant uncertainty about Tether's USDt stablecoin. Recently, crypto exchange Coinbase delisted Tether's USDT in mid-December citing compliance with the EU's MiCA regulations.
XRP price has entered a consolidation phase over the past seven days, following a historic rally during November and December that saw it reach its highest levels in six years. Whale activity has stabilized, with the number of wallets holding between 10 million and 100 million XRP recovering to 301 after a month-low of 292 on December 18.
XRP is currently dealing with an interesting situation, as its on-chain metrics and price movement show. Active accounts for the digital asset have decreased, and the most recent data indicate a sharp decline in user activity.
After Trump's November victory, the crypto market surged, fueled by expectations of a pro-crypto-Republican stance. XRP soared 54.65% in a month to $2.31, achieving a market cap of $132.3 billion and a staggering 270% quarterly growth, securing its position as the fourth-largest cryptocurrency. Though XRP is down 4% today and trading at $4.
With 2025 approaching fast, the cryptocurrency market is alive with excitement. Analysts and fans are preparing for a booming altcoin season driven by a decrease in Bitcoin dominance and a larger change in market trends.