The on-chain data by Santiment reveals that whales bought 40 million XRP in the last 24 hours after a week of price consolidation.

The XRP chart shows a descending flag pattern, indicating that the asset has entered a critical phase. A possible decline is frequently indicated by this bearish continuation pattern.

On Dec. 10, 2024, the New York Department of Financial Services approved Ripple's new stablecoin, RLUSD, on the XRP Ledger and Ethereum blockchains.

XRP is currently trading at $2.34, up over 7% on the Christmas eve. Analysts predict that XRP could be eyeing a rally to its yearly high of $2.91 after its recent gains.

XRP has been range-bound in recent days, consolidating after successfully holding strong above the critical $2.10 support level. As one of the standout performers this cycle, XRP experienced a massive surge following the US election, capturing investor attention.

The XRP price is currently enjoying a nice recovery, having pumped over 7% on Christmas Eve. Based on several analyses, XRP could be eyeing a rally to its yearly high of $2.91.

In a latest X post, Ripple CTO David Schwartz has shared crucial insights into the nature of staking in the crypto market. These comments come at a time when there is a debate going on over whether crypto staking should be considered taxable.

Bullish, an institutional cryptocurrency exchange backed by PayPal co-founder Peter Thiel, has announced the official listing of the Ripple USD (RLUSD) stablecoin. The listing comes after the stablecoin's launch on December 17.

Cryptocurrency markets are trading higher on Christmas eve, prompting traders to predict a bullish end to the year. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $98,100.74 +5% Ethereum (CRYPTO: ETH) $3,478.79 +4% Solana (CRYPTO: SOL) $196.49 +6% XRP (CRYPTO: XRP) $2.31 +6.1% Dogecoin (CRYPTO: DOGE) $0.3338 +6.9% Shiba Inu (CRYPTO: SHIB) $0.0000231 +6.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 158.7%.

XRP, the native token of Ripple Labs, has been under the spotlight amidst ongoing uncertainty in the cryptocurrency market. While many major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), have experienced notable declines in price, XRP has managed to maintain a crucial support level at $2.15 for the past five trading days.

TL;DR In the last 12 hours, around 17 million RLUSD have been transferred. The movements could be linked to Ripple's treasury. The company has made several large-volume transactions, including one of 10 million RLUSD in one hour, aimed at strengthening the liquidity of its stablecoin in the market. XRP has risen 7.

A crypto analyst has set an ambitious target between $7 and $13 for the XRP price, basing his predictions on the Elliott Wave theory and Fibonacci levels. According to the analyst's price chart, Wave 2 and 5 could push XRP to these key targets, marking new all-time highs for the cryptocurrency.

It is Christmas Eve, and on the cryptocurrency market, the prices of most of our beloved digital assets are turning holiday green. Currently, the third largest cryptocurrency, XRP, is no exception, as its price jumped over 5.1% from the day's low to its recent high of $2.325.

The year 2024 marked a historic milestone for the cryptocurrency ecosystem. It witnessed the approval of the first Bitcoin and Ethereum exchange-traded funds (ETFs), signaling a seismic shift in institutional adoption.

In a recent discussion on X, Ripple's Chief Technology Officer David Schwartz provided crucial insights into the nature of staking in the cryptocurrency market.

Ripple's RLUSD stablecoin has been on the market for almost a week now, and its progress is growing by the day. Launched on Dec. 18 on both the Ethereum and XRP Ledger (XRPL) blockchains, the dollar-pegged stablecoin's market cap currently stands at $53.06 million, giving RLUSD a 3,032, according to CoinMarketCap's ranking.

On-chain data reveals that there has been a “parabolic” rise in the number of wallets holding onto the native token of the XRP Ledger, XRP, as the value of the cryptocurrency rose more than 310% after Republican presidential candidate Donald Trump won the U.S. elections.

Though it is undeniable XRP had an excellent run in November, and that it, despite the turbulence, retains much of the recent gains, it is equally clear that, last week, the token fell upon tough times.

In the last seven days, XRP has faced a notable correction, which is in line with the broader market condition. But today, the XRP price chart has displayed something that will gladden the hearts of the altcoin holders.

Ripple's RLUSD stablecoin has officially launched in Singapore, marking a significant milestone in its journey. The stablecoin went live on December 22, 2024, on Independent Reserve (IR), a licensed exchange in Singapore. This is the first time RLUSD is available on a Singapore-based exchange, and it's already making waves.

Ripple stablecoin, RLUSD, has achieved a significant milestone, marking its entry into the Singapore market. Independent Reserve has become the first regulated exchange to offer RLUSD in Singapore.

Ripple's XRP saw its trading volume increase considerably in December.

Ripple CTO David Schwartz's cryptic tweet about a "10x times" increase has sparked speculation within the XRP community about the token's future price potential.

XRP lawyer John Deaton and Gemini co-founder Tyler Winklevoss have urged crypto firms to stop doing business with law firm Milbank following the hiring of anti-crypto former SEC director Gurbir Grewal. There's a growing chorus within the crypto industry against Milbank for its controversial hiring of Grewal.

Ripple's XRP has gained over 2% and is currently trading above the crucial $2.15 mark. While this upward momentum is encouraging, market analysts suggest that XRP's journey is far from straightforward.

Independent Reserve has made history as the first exchange in Singapore to list Ripple's RLUSD, offering trading pairs in SGD and USD.

XRP, SUI, and HBAR key technical patterns signal bullish breakouts, potential consolidation, and critical price targets as Bitcoin price stagnates.

The volatility on the crypto market is thinning out, as showcased by key liquidation figures. Data from CoinGlass pegs shows that this total liquidation has been at $240 million in the past 24 hours.

Ripple RLUSD Stablecoin has marked its debut in the Singapore market, gaining notable traction from investors. According to recent updates, the stablecoin noted its first listing from the leading Singapore crypto exchange, Independent Reserve (IR).

XRP has taken the cryptocurrency world by storm in December, becoming the most traded altcoin on Binance. According to recent data, the coin had an astounding trading volume of more than $116 million on Binance Futures, demonstrating its growing appeal with traders.

After Donald Trump's crypto pump, Bitcoin crossed $108,000 for the first time. This also means the money could possibly flow to altcoins, ultimately triggering the altseason, which is considered the most profitable period of a bull market.

What happens when two blockchain giants team up? Imagine Cardano and Ripple joining forces to shake up the crypto world.

As XRP consolidates within a bearish flag formation, the price action has significantly calmed down in recent days, with volatility declining. With neither bulls or bears making any significant moves, XRP is currently trading close to $2.24 and displaying obvious signs of indecision.

"The final pump for 2024 is loading," one analyst claimed.

Although the majority of the crypto market is in the red with Bitcoin down 15% from its all-time high, Ripple (XRP) shows strength. Although, XRP has shed 28% between December 17 and 20, from a market structure standpoint, it shows massive strength.

XRP price has lost more than 9 percent in the last week, but the formation of a bullish pennant pattern signal a potential reversal.

XRP News: Ripple whales have maintained the buying trend amid a recent dip in the asset's price. According to recent reports, the whales have purchased over 40 million tokens recently, indicating that investors are taking a buy-the-dip opportunity amid a volatile scenario noted in the broader crypto market.

Ripple's XRP has been the subject of recent media attention, and for good reason. The cryptocurrency has experienced a significant increase in 2024, with a gain of over 258% since the start of the year.

Ripple's XRP is currently up by more than two percent and is trading above the crucial $2.15 level at the time of writing. According to analysts XRP market remains in an uptrend on the larger time frame, with key support found between $1.50 and $1.79.

XRP struggles amid SEC appeal uncertainty, with prices fluctuating as Ripple investors await clarity on legal battles and market direction.

XRP price remained stable above the $2.10 zone. The price is moving higher and might aim for a fresh surge above the $2.30 resistance zone.

Charles Hoskinson, the founder of Cardano, drew comparisons between his blockchain project and two of the most prominent names in the cryptocurrency space: Bitcoin and XRP. Despite their differences, Hoskinson believes that there are key similarities that link the three Layer 1 blockchain networks, particularly when it comes to their potential for long-term success.

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.