Most of the coins have come back to the green zone after a slight correction, according to CoinMarketCap.
The next few days will reveal XRP's direction. But the bulls' resolve to protect XRP from further drops gives them a strong psychological advantage.
Ripple's XRP has had a turbulent few days, with the cryptocurrency facing strong resistance levels while still managing to hold steady above crucial support zones. As of November 25, XRP is trading near the $1.40 mark, down more than five percent, in line with the broader downturn seen across the cryptocurrency market.
Ripple whales bought more than 50 million XRP over the weekend, reports crypto analyst Ali Martinez. Citing data from Santiment, Martinez shows in a chart attached to a post how the total balance of holders holding no less than 1 million to 10 million XRP has increased to 4.29 billion tokens, with an apparent increase in the last two days.
Three reasons are mentioned behind the OI surge.
Archax has introduced a tokenized version of a money market fund offered by abrdn on the XRP Ledger (XRPL). The development came through a collaboration with Ripple.
XRP price has struggled to find stability above the 1.50 mark, making it the immediate target price to build on last week's 40 percent gain.
After the news of Gary Gensler stepping down in January, XRP is witnessing explosive activity, with Ripple whales adding over 250 million tokens to their holdings in just a short period. Amid this buying spree, XRP's price has surged, and the futures market is breaking records—topping $2.50 billion in open interest.
The partnership could accelerate the adoption of digital securities, transforming financial market infrastructure and enhancing efficiency. The post Ripple partners with Archax to debut first tokenized money market fund on XRPL appeared first on Crypto Briefing.
Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic disputes. Here is a summary of the most notable news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.
XRP price has already retested the peak of the 2021 bull run and on-chain data shows that whale investors are relentlessly buying more.
XRP has emerged as a standout performer, recording a 90% surge in 90 days compared to Bitcoin's 51% and Ethereum's 20% gains. This meteoric rise highlights the token's growing strength and resilience in a competitive market.
Stuart Alderoty, Ripple's Chief Legal Officer, credits the company's legal team for its pivotal role in shaping the cryptocurrency industry's fight against SEC overreach.
The broader digital currency ecosystem trends have called for caution among crypto investors as total market liquidation has surpassed the $490 million threshold. According to data from CoinGlass, the total liquidation has impacted over 185 traders as top altcoins Dogecoin (DOGE) and XRP come into focus.
XRP News: Ripple whales have purchased millions of XRP in the last few weeks triggering a massive 200% rally this month. XRP price saw a 10% correction last weekend, but on-chain data revealed that whales have bought more than 250 million during the dip.
The crypto market has turned green after the Sunday correction.
"Ripple provided the blueprint to defeat Gary Gensler's inexplicable war on crypto," Alderoty stated.
DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens.
Bitcoin (BTC) experienced a sharp price decline, falling from last week's high of $98,500 to a low of $95,500 during late US trading hours on Sunday. The 3.5% drop marked a technical pullback driven by profit-taking as the token approached the significant $100,000 milestone.
Bitcoin experienced a significant drop from $98,500 to $95,500 Sunday, triggering a broader market decline. The volatility led to over $500 million in futures liquidations, predominantly affecting smaller altcoins and midcap futures.
The Ripple vs. SEC case is getting more interesting, especially with the recent resignation of SEC chair Gary Gensler. Now, there are many possible outcomes, including a settlement or the case being dismissed.
XRP, the native cryptocurrency of Ripple Labs, has experienced a remarkable surge in 2024, gaining over 80% in value in just one week. As of now, the price of XRP stands at approximately $1.42, setting a new yearly high.
Ripple native token XRP is currently at the make-or-break moment with its next move, which could define its future roadmap. Popular trader Credible Crypto believes the token's next move is closely tied to Bitcoin's performance, with both assets sitting at key levels. Meanwhile, there is speculation that XRP's return to its ATH of $3.
XRP price surged further above the $1.45 and $1.50 resistance levels. The price is now consolidating gains near $1.40 and might aim for more upsides.
Ripple's XRP is currently down by more than five percent and is trading near the $1.40 levels. Majority of the top ten cryptocurrencies are trading in red and Bitcoin has also dropped below the $98k levels. XRP, however, recently experienced some price action, with a brief surge followed by a pullback. After reaching the $1.
XRP has recently experienced a significant rise, with its market cap increasing by 22.6% in the past 24 hours. This impressive surge has outperformed several leading cryptocurrencies, including Bitcoin, Ethereum, Solana, and Cardano.
The cryptocurrency market suffered a $495 million liquidation wave in the past day, driven by steep corrections in Bitcoin and XRP. Bitcoin fell to $95,000, triggering mass sell-offs, while XRP plunged over 10%.
Ripple CLO hails landmark victory against SEC Chair Gensler, boosting XRP's market outlook amid speculation of a pro-crypto SEC leadership shift.
The XRP price recently surged to a three-year high of $1.6, marking a significant milestone in the cryptocurrency's recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.
XRP reached new highs; high slippage indicated rising trade risks and volatility.
XRP has emerged as a standout leader in the recent crypto rally, delivering massive gains and fueling optimism among investors. The price has skyrocketed by an astonishing 225% in under three weeks, showing no signs of slowing down as momentum builds.
XRP's bullish momentum peaked at $1.60 but has since retraced back above the $1.50 support.
XRP, the cryptocurrency often at the center of controversy, has been turning heads recently with a remarkable price surge. The digital asset, which was once plagued by legal battles, has ignite renewed interest from both investors and skeptics alike.
Ripple's XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC). Even during the mini bull run immediately after Donald Trump's election, XRP had a sluggish price action, struggling to maintain its $0.57 price.
Ripple's XRP edges closer to $2 following a landmark win against the SEC, signaling a new era for cryptocurrency regulation.
According to data provided by cryptocurrency analytics CoinGlass, $495 million worth of crypto has been liquidated over the past 24 hours.
Ripple's native token XRP has gained massive attention from crypto enthusiasts due to its impressive upside rally over the past few days. On November 24, 2024, a whale transaction tracker, Whale Alert, posted on X (formerly Twitter), signaling every investor and trader that this rally might be nearing its end.
XRP has lost the most value from the larger-cap alts.
XRP's recent surge has been impressive, with the Ripple-promoted crypto finally breaking above $1, a crucial technical and psychological assistance level. XRP, which has been a primary target during U.S. Securities and Exchange Commission Chair Gary Gensler's leadership, spiked as the crypto foe prepares to resign in January.
Under the spotlight of the Golden Cross, XRP is spinning. Bitcoin, beware: the tide seems to be turning!
Jed McCaleb, the co-founder of Ripple Labs and the creator of Stellar, recently shared his insights on why he believes XLM is one of the most underrated cryptocurrencies. McCaleb highlighted that Stellar already processes more daily transactions than most other blockchains, handling 10 times the volume of Ethereum.
Is XRP the next big thing in cryptocurrencies? Find out how it stacks up against market leaders Bitcoin and Ethereum.
Ripple's XRP hit a year-to-date high of $1.63 on November 23. However, fading bullish momentum has made future traders doubtful about the rally's sustainability.
With strong bullish momentum, XRP recently broke through the $1.5 resistance and even briefly touched $1.6. The excitement though was short-lived as sellers took back control and drove the price back below $1.15.
XRP has achieved a major technical pattern in its Bitcoin (BTC) pairing, forming a golden cross. This technical pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average.
After weeks of intense speculation, incoming US President Donald Trump has named Scott Bessent his Treasury Secretary pick. The drawn-out selection process has attracted many popular names, including Howard Lutnick of Cantor Fitzgerald, former Federal Reserve governor Kevin Warsh, and billionaire Marc Rowan.
Story Highlights Bitcoin price struggles to achieve the $100k mark and records a high of $99,655. Ethereum price hits a new 4-month high and retests the $3.5k mark. XRP price surpasses the $1.5 mark and reclaims its $30-month high.