On-chain data shows the XRP blockchain has witnessed sharp wallet growth recently and has outpaced giant networks like Bitcoin and Ethereum. XRP Has Been Gaining Rapid Adoption Recently According to data from the on-chain analytics firm Santiment, the top cryptocurrencies have witnessed significant growth in Total Amount of Holders over the last couple of years.
According to blockchain tracker Whale Alert, XRP whales have seen a significant transfer of 60 million XRP, valued at $132,202,106, between two unidentified wallets. This large transaction has drawn attention as market analysts predict a possible rally in XRP's price, with some suggesting a new all-time high could be on the horizon.
XRP was amongst the most traded altcoin on Binance this December according to CryptoQuant analyst JA Maartunn. The altcoin recorded a trading volume of more than $116.6 million on Binance Futures, outperforming other altcoins.
Cryptocurrencies fell this weekend and into today, as investors grappled with a potentially more hawkish Federal Reserve, which could lead to fewer rate cuts than hoped for in 2025.
XRP has been on an impressive growth trajectory since the U.S. elections in November 2024, with a surge of 336%, rising from $0.5035 to $2.21. This increase has reignited optimism in the cryptocurrency community, with many projecting even higher prices for XRP.
XRP, the native token of Ripple Labs, is making waves amid ongoing market uncertainty. Over the past few days, the overall cryptocurrency market has faced downside momentum. XRP Current Outlook Despite this, XRP has held its crucial support level at the $2.15 mark for the last five trading days.
Currently, Solana ($SOL) struggles to keep the $180 range, while Ripple ($XRP) struggles to maintain a $2 price point in the recent period. Adding to the intrigue, Solana's descent from $260 to $180 has seen it surpassed by $XRP in market capitalization, a development that has shocked the entire crypto community.
XRP price has faced a notable downturn, dropping more than 8% over the past seven days after reaching its highest levels in six years on December 17. The recent decline has brought XRP closer to a critical support level at $2.17, a key price point that could determine its short-term trajectory.
Cryptocurrency markets are trading lower on a low-volume Monday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $92,996.64 -3.2% Ethereum (CRYPTO: ETH) $3,313.40 -0.3% Solana (CRYPTO: SOL) $184.82 +0.9% XRP (CRYPTO: XRP) $2.16 -4% Dogecoin (CRYPTO: DOGE) $0.3108 -2.5% Shiba Inu (CRYPTO: SHIB) $0.00002168 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 20.6% and daily active addresses falling by 0.02%.
According to data provided by CryptoQuant analyst JA Maartunn, XRP is the most traded alternative cryptocurrency on the Binance exchange this December.
Bitcoin remains under pressure, but the bulls are expected to defend the $90,000 support.
The CLO asked the soon-to-be Trump administration to fix the problems caused by William “Bill” Hinman. The new crypto-friendly chair of the SEC, Paul Atkins, must first focus on rebuilding confidence.
The cryptocurrency market is exploding with fast-growing crypto coins. Several standout projects are getting praised by investors due to the potential of the coins for massive gains. With Ripple's CEO praising the nomination of a crypto-friendly SEC chair, the potential for regulatory clarity has reignited optimism across the industry.
The XRP lawsuit against Ripple has important court dates coming up. The U.S. Court of Appeals has set deadlines for the case. Ripple must submit a mediation questionnaire by December 23, 2024, and an opening brief by March 6, 2025. Ripple must respond to the brief by April 7, 2025. However, a potential U.S.
A large movement of Ripple (XRP) tokens from the project's main wallet to an unknown recipient is raising eyebrows within the crypto community as it could result in further weakness in the token's price down the road. A total of 90 million XRP tokens were sent to wallets rGBvEZnsKB7EvqA2ZZEXRgdwDMn9G9aBk2 and rDK26ASe17eR4ZJafRzgJxeSJNwAhziAee on December 21.
XRP is among cryptocurrencies with concentrated ownership in a few top addresses, raising concerns about the impact of centralization.
The XRP price has wiped out some of the gains made in November as the cryptocurrency sell-off continued. Ripple (XRP) retreated to $2.
Mike Ippolito of Blockworks sees a resurging Ethereum (CRYPTO: ETH), an evolution for Solana's (CRYPTO: SOL) and the expanding role of stablecoins and AI as key trends in crypto in 2025. What Happened: In a thread on X on Sunday, Ippolito said he believes the U.S. will dominate the global crypto scene, with domestic conferences surpassing Asian counterparts in size and influence.
Mike Ippolito of Blockworks sees a resurging Ethereum (CRYPTO: ETH), an evolution for Solana's (CRYPTO: SOL) and the expanding role of stablecoins and AI as key trends in crypto in 2025. What Happened: In a thread on X on Sunday, Ippolito said he believes the U.S. will dominate the global crypto scene, with domestic conferences surpassing Asian counterparts in size and influence.
Ripple CEO Brad Garlinghouse appeared in a recent 60 Minutes interview, which provided exposure for both Ripple and the broader cryptocurrency industry. However, the interview also faced criticism for including comments from John Reed Stark, a vocal critic of crypto, who dismissed it as a scam with no utility.
After reaching their yearly highs, the prices of XRP and ETH have started developing corrections, forming descending structures. Signs of corrections ending but breakouts are awaited to confirm.
XRP has been one of the top performers in Q4 2024, increasing its market cap rank in an impressive rally. Meanwhile, other cryptocurrencies significantly retraced in a recent market crash that liquidated billions from long positions, creating a buying opportunity.
Stuart Alderoty has urged the incoming Trump administration to resolve the SEC's lawsuit against Ripple, while XRP holds steady at $2.21 support level.
The price of XRP has dropped by approximately 8% over the past seven days, currently trading just above two dollars and twenty-one cents. Last week, the launch of the RLUSD stablecoin caused a spike from $2.40 to $2.70, but sellers ultimately took control.
XRP bulls are positioning for a breakout after pushing prices to $2.19 amid surging market activity. With technical indicators showing a potential rally ahead, traders are setting their sights on the $2.50 threshold.
The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) which began in December 2020 with the arrival of Joe Biden as US president has now continued for 4 long years.
XRP price hovers at a crucial $2.20 support level, sparking debates about its future. Will it rally to $10 or face declines to $1?
A new week has started with bears putting the pressure on, according to CoinMarketCap.
XRP has recently found support around the 26 EMA, a significant level often acting as a pivot for market sentiment. The asset's price has shown consolidation in this area, indicating a potential reversal or further downside if the level fails to hold.
Cardano's Charles Hoskinson is cozying up to Ripple Labs in a likely push for partnership.
The purchase did little to buoy sentiment for bitcoin, which recorded its first seven-day loss since early November.
XRP ranked top among the most traded altcoins in December after a period marked with mixed movements. The asset price spiked to new highs not seen in three years before dropping nearly in two weeks.
Ripple chief technology officer (CTO) David Schwartz has published a tweet that ignited a discussion within the XRP community. Crypto fans began to discuss prospects of potential XRP price increase.
XRP, the fourth largest cryptocurrency by market capitalization, has experienced growth in its price and number of holders. XRP has seen a significant increase in nonempty wallets; according to on-chain analytics firm Santiment, the huge recent increase in XRP wallets, followed by a steady record rise in Ethereum wallets shows a massive two-year crypto growth.
XRP has faced a significant downturn in recent days, with its price dropping nearly 20% from an intraday high of $2.7255 on December 17 to $2.20 as of December 23, 2024. This decline comes amid broader struggles in the cryptocurrency market, where macroeconomic factors have driven a sharp sell-off.
With Bitcoin ($BTC) potentially bringing its latest reversal to an end, the altcoins are primed to run. Solana ($SOL), Binance Coin ($BNB), and Theta Network ($THETA) are three likely candidates for breakouts.
Ripple is navigating a pivotal range between $1.8 and $3, with recent price action highlighting the likelihood of a consolidation phase. A breakout from this range will likely determine its next significant trend.
Binance's BNB remains the fifth-largest cryptocurrency by market cap despite its latest pullback. An analyst is also bullish on Stellar (XLM), predicting gains if bulls hold a crucial support level. Notably, the price of BNB reached lows of $620 on Dec. 20, while that of XLM traded at $0.31.
Ripple's native cryptocurrency XRP has shown major strength during the crypto market pullback, despite a 400% gain amid rising hopes of an XRP ETF launch. Ripple price is currently trading in a bull-flag pattern and eyeing a breakout to the $3.5 level.
XRP has seen an explosive surge in price, with the token recently hitting $2.23. However, this rally has raised concerns about whether the altcoin is overvalued or if it has the potential to continue climbing.
With the digital currency ecosystem in consolidation mode, XRP bulls are eyeing more ambitious price marks amid a rebound. At the time of writing, the price of XRP was changing hands for $2.19, down by 2.46% in the past 24 hours.
Ripple Vs SEC Lawsuit: On the fourth anniversary of US Securities and Exchange Commission v. Ripple Labs Inc (SEC v.
XRP Price has recorded significant transaction activity on Binance despite ongoing market corrections. The broader crypto market faces a downturn, with most tokens trading in the red, including Ripple.
XRP experiences price volatility and whale accumulation while trading at $2.20, as Ripple announces political contributions and launches new stablecoin.
Bitcoin (BTC) and other cryptocurrencies suffered a bloodbath over the weekend as markets dropped significantly. In just over 24 hours, BTC dropped from around $108,000 to its current level of $95,000, as the Fed's announcement about reducing rate cuts in 2025 hit the market hard.
Cardano founder Charles Hoskinson recently praised Ripple CTO David Schwartz, commending his leadership and Ripple's resilience amid ongoing challenges.
The XRP price has continued its steep correction into the past 24 hours, with it currently hovering around the $2.2 price level. Nonetheless, analysts are still concerned about the possibility of the XRP price reaching new highs sooner than later, with some giving projections into the two-digit threshold at $10 and beyond.
BNB price is consolidating above the $620 support zone. The price is consolidating and might aim for a fresh increase above the $675 resistance.