XRP News Now : Amid the ongoing crypto correction escalated by the monetary policy changes in the United States, Ripple Labs-backed XRP has retraced more than 5 percent in the past 24 hours to trade about $2.36 on Thursday, during the early European session.

XRP and DOGE futures recorded an unusually high $70 million in liquidations, indicative of rising speculative activity in majors.

After the US Federal Reserve announced a 25 bps rate cut on Wednesday, the Bitcoin price came crashing under the $100K level to trigger the broader crypto market crash. The selling pressure was a reaction to the Fed's future monetary policy guidance for 2025 and coming years.

Bitcoin, XRP and Dogecoin saw sharp declines following the Federal Reserve's announcement of a rate cut on Dec. 18, 2024.

XRP price started a fresh decline below the $2.350 zone. The price retested the $2.20 support zone and is currently attempting a recovery wave.

XRP's price is currently trading between two key levels: strong support around $2 and resistance between $2.90 and $3. This $3 level has been a tough barrier for XRP, and the price hasn't yet broken down the overall bullish trend, despite some short-term pullbacks.

Ripple's digital asset is gaining traction in December 2024, generating a stir in the cryptocurrency market. XRP, the third-largest cryptocurrency by market capitalization, recently surpassed Tether (USDT).

XRP dives 10% as Fed's hawkish stance rattles investors. SEC leadership changes could reshape Ripple's legal trajectory.

The recent XRP price action has been highlighted by another notable surge that saw it reaching just above $2.7 briefly again after a 9% surge on December 17. Although the XRP price was rejected immediately after reaching this level, it continues to exhibit bullish momentum on the daily timeframe chart.

A crypto analyst has shared an XRP price chart, analyzing its action on the 4-hour timeframe while pinpointing key metrics of strength that suggest a possible rally. The analyst has predicted that XRP is preparing for a significant run to $11, marking a new All-Time High (ATH).

Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025.

XRP went from over $2.7 yesterday to under $2.25 minutes ago.

Cryptocurrency markets are trading lower on Wednesday despite the Federal Reserve announcing a 0.25% rate cut in its latest FOMC meet. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,173.74 -3.9% Ethereum (CRYPTO: ETH) $3,714.81 -5.5% Solana (CRYPTO: SOL) $210.29 -7.3% XRP (CRYPTO: XRP) $2.36 -9.3% Dogecoin (CRYPTO: DOGE) $0.3654 -8.4% Shiba Inu (CRYPTO: SHIB) $0.00002458 -8.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.4% and daily active addresses falling by 12.8%.

Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.

As expected, on December 18, 2024, the Federal Reserve lowered the key interest rate by 25 bps, the third consecutive reduction so far in 2024. However, this rate cut announcement cautioned us about additional reductions in the coming years.

XRP's recent whale activity sparks questions: Could it hit $100, $300, or even $500 soon?

The price of XRP has experienced a remarkable surge this year following a positive court decision and the tailwind provided by Donald Trump's victory in the November U.S. presidential election.

In his latest video analysis on YouTube, Adam Cochran, partner at Cinneamhain Ventures (CEHV), an activist venture capital firm, described Ripple's newly launched stablecoin, RLUSD, as a “Trojan Horse” poised to transform both decentralized finance (DeFi) and traditional banking sectors.

Cryptocurrencies pulled back after a big run yesterday and as the Federal Reserve sets to conclude its final meeting of the year, likely with a rate cut of 25 basis points. Bitcoin traded at roughly $104,170, as of 11:53 a.m.

XRP is soaring while Cardano (ADA) struggles to regain momentum, stuck at the $1 mark. Will Cardano ever reclaim its former highs, or is it destined to lag behind?

Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

XRP is positioning for a potential rally as Ripples stablecoin fuels market optimism. Trumps pro-crypto vision and heightened whale activity further reinforce predictions of a breakout toward $6 despite recent price fluctuations.

Will Solana and XRP face further delays despite growing interest in crypto ETFs?

XRP price retreated on Wednesday as a sea of red spread across the cryptocurrency industry ahead of the Federal Reserve's decision. Ripple (XRP) dropped by over 5%, erasing most of the gains made on Tuesday after the RLUSD stablecoin launch.

American blockchain payments firm Ripple Labs Inc. triggered bullish market sentiment when it launched RLUSD stablecoin on global exchanges. While the price has seen no intense volatility, as previously hinted, its growth trends in 24 hours have not been particularly smooth.

In response to a question posed by a user on X, David Schwartz, Ripple's Chief Technology Officer, recently addressed the XRP Ledger's scalability in terms of (TPS) transactions per second. X user Chad Steingraber had asked if it was true that the XRP Ledger "through optimization" could potentially scale up to 50,000 TPS.

As XRP consolidates above the $2 support zone, whale transactions could provide the much-needed trigger to breach the $3 psychological resistance.

XRP price has recorded a dip of nearly 6% today amid gloomy trading noted in the broader crypto market. This recent dip has fueled discussions among investors over the potential reason behind the retreat.

The price action of XRP has been at the center of the crypto market discussion for over a month now, but it seems things are far from over for the popular cryptocurrency. For example, since the beginning of November, the price of XRP has gained over 460% in value and is now quoted at around $2.70.

Bloomberg analysts, including Eric Balchunas and James Seyffart, have speculated that Litecoin and Hedera are likely to see their ETFs approved before Solana and XRP.

The cryptocurrency market is preparing for an exciting period, with many anticipating Ripple (XRP) to reach the $10 mark in the near future. Although we are yet to reach milestone XRP, three altcoins are predicted to make good enormity, that potentially can expand 10x.

Markets are on edge ahead of the Federal Reserve's final meeting of 2024, with investor focus shifting to the central bank's projections for 2025 rate cuts rather than the widely expected 25-basis-point reduction. What Happened: The outcomes of the projections could trigger vastly different market reactions, from relief rallies to sharp declines.

XRP whales have been on a buying spree as blockchain payments company Ripple officially launched its dollar-backed stablecoin, RLUSD, on several global crypto exchanges this Tuesday. The stablecoin is now available for trading on platforms Bitso, Uphold, CoinMENA, MoonPay, and Archax, with additional listings expected soon.

XRP's status as a security and its inclusion in several pending lawsuits between the SEC and crypto firms could delay the approval of its ETFs until much later in 2025.

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The cryptocurrency market has been on a significant uptrend over the past month, adding in around $600 billion to its total market capitalization over the period amid a bull run that helped Bitcoin top the $100,000 mark for the first time ever.

XRP has recently surpassed Tether (USDT) to reclaim its spot as the third-largest crypto by market cap, following Bitcoin and Ethereum. Meanwhile, this sudden rise follows the global launch of Ripple's new stablecoin, RLUSD. As a result, XRP's market cap now stands at $147 billion, surpassing USDT's market cap of $140.5 billion.

XRP has been at the center of ambitious price targets, with some market participants speculating that it could reach as high as $100, $300, or even $500 in the future. These predictions are often fueled by XRP's historical performance and the belief that the cryptocurrency could repeat its past success.

The XRP (XRP -6.12%) cryptocurrency is skyrocketing these days.

Despite an earlier strong breakout, XRP's price performance has been under pressure lately and appears to be stagnating. Although there is a bullish trendline breakout on the given chart, momentum is waning.

TL;DR Bloomberg analysts predict a significant surge in crypto ETFs in 2025, driven by changes in SEC leadership and growing market demand. The first wave of new crypto ETFs is expected to be led by Bitcoin and Ethereum, followed by Litecoin and Hedera, which have favorable regulatory positions.

Ripple has launched its dollar-backed stablecoin RLUSD on multiple global exchanges, with initial trading available on five platforms and more to follow, while maintaining full USD backing through deposits, treasuries, and cash equivalents.

Bloomberg's senior ETF analyst expects multiple new crypto exchange-traded funds (ETFs) to launch in 2025 amid anticipated changes in Securities and Exchange Commission (SEC) leadership since Republican Donald Trump won the U.S. presidential election.

Another SEC official with a negative stance on the crypto industry could vacate their post.

Between Sunday, December 25, and the time of writing, XRP whales have accumulated tokens worth $2.17 billion. This significant purchase has sparked speculation that XRP's price could be ready to hit a new high with just a few days left before the year closes.

Ripple's new stablecoin is fully backed by US dollar reserves to ensure price stability and minimize volatility, making it suitable for global cross-border transactions. The post Ripple's New Stablecoin RLUSD Officially Launched, Will XRP Pump Even Harder? appeared first on Cryptonews.

The cryptocurrency landscape stands at a historic crossroads as the battle between XRP and the Securities and Exchange Commission (SEC) enters its most critical phase. Since December 2020, this legal confrontation has shaped the future of digital asset regulation, with implications reaching far beyond the immediate case.