Bears are keeping the pressure on at the beginning of the week, according to CoinMarketCap.
On-chain sources have reported a substantial XRP transfer in recent hours; according to blockchain data tracker Whale Alert, 800 million XRP, valued at nearly $1.93 billion, were transferred from Binance to an unknown wallet.
XRP's latest pullback forms a classic bullish continuation structure, with a profit target above $15.
The crucial 13 trillion SHIB support level is drawing near for Shiba Inu, which could dictate its course in the near future. This level acts as a crucial obstacle for sellers and a possible lifeline for bulls looking to spark a rally.
After marking new highs, the Bitcoin price has begun to consolidate, suggesting a minimum participation of bulls. With this, the altcoins that were trying hard to keep up the bullish trend have scrambled back under bearish influence.
We have a warning about the upcoming launch of Ripple's stablecoin - RLUSD. The company's CTO, David Schwartz, recently alerted of potential volatility surrounding the product.
Ethereum price holds steady amid heightened investor interest ETH/USD has held steady above the previously strong resistance zone of $3,750 for close to a week; trading close to the 9-month high it hit earlier in the month.
TL;DR Ripple CTO David Schwartz has issued a cautionary note ahead of the RLUSD stablecoin launch, warning of potential supply shortages and price volatility despite its 1:1 parity with the US dollar.
Drake's X account was hacked and used to promote a fraudulent Solana-based meme coin, resulting in $5 million in trading activity before being exposed as a scam.
The XRP price has been trading on a consolidation path after reaching a six-year high of $2.9 on December 3. The cryptocurrency has struggled to maintain upward momentum, and recent analysis points to the playout of a descending channel.
In a recent analysis, crypto analyst Henrik Zeberg shared his optimistic outlook on Solana (SOL), the fifth-largest cryptocurrency by market capitalization.
A widely followed crypto analyst says that holders of smart contract platform Solana (SOL) may be due for the same pain Ethereum (ETH) traders felt during previous cycles.
XRP appears primed for a significant rally after months of consolidation, with key technical indicators pointing to a shift toward bullish momentum.
As its price settles into a downward channel, XRP is beginning to show indications of stabilization. Even though there is some selling pressure, the price action indicates that a breakout might be developing as buyers enter the market close to important support levels.
XRP News: Digital asset investment products continue to record massive inflows, with $3.2 billion in inflows last week. This was the 10th consecutive inflows amid massive interest from institutional and retail investors.
XRP could face a supply squeeze soon, fueled by notable market activity.
Ripple Labs CTO David Schwartz has issued a warning to investors about potential price volatility as Ripple's RLUSD stablecoin goes live. What Happened: "As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes," Schwartz said on Sunday on X.
In recent weeks, Ripple's XRP token has risen 400%, becoming one of the most discussed online and offline discussions. XRP has soared on the back of the growing interest of Gen Z investors and TikTok influencers as it briefly became the world's third-biggest cryptocurrency.
Data shared by the Shibburn tracking platform regarding the recent SHIB movements has revealed that a substantial amount of meme coins has been forever lost to the market during the last 24 hours.
Shiba Inu sees a 41% spike in large transactions, amid price consolidation at $0.00002759. Whale activity signals renewed market interest.
Over the last week, a significant amount of cryptocurrency movement involved tokens from various blockchains being bridged to Solana, including over $200 million worth of Ethereum.
Ripple CTO has discussed the initial proceedings of RLUSD launch recently. The stablecoin has seen increased interest among community members in the past weeks.
The meme coin market is gaining momentum again as SHIB and DOGE indicate a potential bull run. Meanwhile, Rexas Finance (RXS) is also generating news for its aggressive growth targets and quick presale development. Here is what to expect from these coins. Rexas Finance at $0.
Ripple's highly anticipated stablecoin, RLUSD, is set to launch in 2024, and the crypto community is buzzing with excitement. As the release date approaches, there are growing expectations, especially within the XRP community.
Ripple CTO David Schwartz has urged potential investors to avoid panic-driven purchases of the Ripple USD (RLUSD) stablecoin before its official launch. In a Dec. 15 post on X (formerly Twitter), Schwartz warned of a possible initial supply shortage, which could cause price fluctuations for the dollar-pegged asset.
Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battleground for regulatory and economic conflicts. Here is a summary of the most significant news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.
As Christmas approaches, Solana price has gained momentum as the token shows bullish sentiment in the cryptocurrency market. Following Bitcoin's hovering above $105K, SOL is capable of continuing its upward move.
Solana's price faces downward pressure despite strong holder conviction, while market data shows potential for a trend reversal due to high short interest and stable on-chain metrics.
Ripple's Chief Legal Officer, Stuart Alderoty, criticizes the SEC's regulatory approach as "lawless.”
Bitcoin (BTC) surged to a new all-time high during early Asian trading hours, hitting a peak of $106,449 before declining to its current level. The rally came as speculations grew about it becoming a United States reserve asset.
Xandeum has wrapped its six-week liquid staking program with a bunch of solid benchmarks. Distributing 205 million XAND tokens in rewards, the program saw more than 68% of available XAND staked by users, who were able to earn a 16% APY.
XRP maintains a strong market position above $2.35 with multiple technical indicators suggesting continued stability and potential upward movement, while trading volume and network activity support the current price structure.
SBI Holdings, one of Japan's financial giants, is under growing pressure to go all-in on XRP. GAM Investments, a global asset manager, has urged SBI to focus more on its XRP holdings, suggesting that the company adopt a bold strategy to realize its hidden potential.
Ripple's CTO David Schwartz cautioned investors about potential volatility and a “supply shortage” following the launch of RLUSD.
David Schwartz, Ripple's CTO, issued a warning regarding potential price volatility for RLUSD, a new USD-pegged stablecoin. This comes in when the RLUSD is heading toward its market debut while Ripple Labs gains regulatory clarity in the United States.
The price of Solana has recently recorded a decline of 16.8% from its yearly peak, reflecting a pause in the crypto momentum. Despite this correction, technical and fundamental signals suggest long-term bullish potential.
Technical analysis suggests Shiba Inu (SHIB) could experience a 189% price increase to $0.0000702, supported by ecosystem development and token burning mechanisms, while currently trading at $0.00002755 after an 11.20% weekly correction.
Solana's daily net inflows have surpassed all other major blockchains, including Sui, Base, Arbitrum and Ethereum. On Dec. 15, the Solana network accumulated net inflows of $12 million.
XRP price increased exponentially in 2024, a major milestone for this cryptocurrency amid the SEC vs. Ripple battles and years-long consolidation.
David Schwartz, Chief Technology Officer of Ripple, has issued a warning to investors regarding the anticipated supply constraints and potential price volatility for Ripple's new USD-pegged stablecoin, RLUSD, upon its launch.
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.
Shiba Inu price has had a great run recently after Bitcoin price blasted through a record high of $105,000. While the market occasionally retests the high, the overall crypto market boom has lifted the price of SHIB past various technical resistance regions.
In the times when the markets are turning bullish, the Solana price is displaying a diverse trend with a possibility of testing the immediate lower support. The rising bearish pressure of the token raises concerns over the year-end targets as a significant shift in the liquidity.
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.
The price of Solana (SOL) has fallen between the moving average lines since December 2nd. Latest price analysis by Coinidol.com.