XRP, the world's third-largest cryptocurrency by market cap, is poised for a notable upside rally as it has formed a bullish price action pattern on its daily time frame and has been attracting significant attention from crypto investors.

The stablecoin will be backed by USD deposits and US government bonds.

Ripple CTO David Schwartz has outlined how the company's upcoming US dollar-pegged stablecoin, RLUSD, could initially trade at insanely high prices, possibly even $1,200, despite being designed to maintain a 1:1 parity with the US dollar.

The dollar-pegged Ripple USD (RLUSD) will begin trading Tuesday across Ethereum and XRP Ledger, Ripple said Monday.

Ripple has finally announced that the launch of its highly-anticipated stablecoin RLUSD is all set for tomorrow. Fox Business journalist Eleanor Terrett shared that the stablecoin will initially be accessible on Uphold, MoonPay, Archax, and CoinMENA.

Ripple's new stablecoin, RLUSD, will be available for trading starting Tuesday (December 17), following approval from the New York State Department of Financial Services (NYDFS) earlier this month. This launch marks Ripple's entry into the highly competitive $203 billion stablecoin market. The U.S.

XRP jumped from under $2.38 to over $2.47 in minutes.

Investors will be able to trade Ripple's new stablecoin beginning Tuesday, the company has said, after the New York State Department of Financial Services gave its approval earlier this month.

An independent auditing firm will be tasked with creating monthly attestations of RLUSD's reserve assets, said Ripple.

The stablecoin will become broadly available to crypto users on the XRP Ledger and Ethereum networks beginning on Tuesday.

Ripple's newly introduced stablecoin, RLUSD, has generated attention with its unusual pricing, exceeding $1,200 per unit in pre-launch transactions. Ripple CTO David Schwartz has clarified that these fluctuations are attributed to limited supply and heightened demand during the early phase of the stablecoin's release.

Ripple (XRP) price has shown significant movement recently, with a notable surge in November propelling it to its highest levels since 2018. Now the fourth-largest cryptocurrency by market cap, XRP is within 3% of overtaking Tether for the third spot.

Despite the broad-based consolidation of the crypto market last week, XRP has seen significant interest from institutional investors. According to the latest report from CoinShares, XRP saw a $145.8 million inflow from corporate buyers in the trailing seven-day period.

While Bitcoin is currently testing the $106k level, another token is taking the spotlight: Ripple's XRP. According to Google Trends, search interest for Ripple has reached an all-time high of 100 recently, besting the previous peak achieved in 2017.

Bears are keeping the pressure on at the beginning of the week, according to CoinMarketCap.

XRP, the cryptocurrency associated with Ripple Labs, has recently caught the attention of both experts and investors as it experiences significant outflows, signaling a potential buying opportunity. While the token has been consolidating in a range, recent developments suggest that XRP might be gearing up for a price rally, fueled by growing institutional interest and positive on-chain metrics.

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.

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.

While XRP price action has been fairly choppy since its 500% rally peak, one analyst believes it is just the beginning, setting sights on a $1 Trillion market cap. The post Trader Predicts $1 Trillion XRP Market Cap – Is a 500% Surge Just the Beginning? appeared first on Cryptonews.

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.

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.

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.

The cryptocurrency market has been anything but stable in recent weeks, with several major tokens grappling with resistance levels, shifting trends, and uncertain investor sentiment. XRP, Shiba Inu (SHIB), and Solana (SOL) are facing critical points in their price movements.

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.

Ripple CTO has discussed the initial proceedings of RLUSD launch recently. The stablecoin has seen increased interest among community members in the past weeks.

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.

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.

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.

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.

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.

Ripple's XRP is at the center of growing attention due to major ecosystem developments and price movements.

Ripple CTO David “JoelKatz” Schwartz has outlined how RLUSD—the upcoming stablecoin on the XRP Ledger—could initially trade at highly inflated prices, possibly even $1,200, despite its intended $1 peg. Speaking via X, he highlighted early supply bottlenecks, speculative fervor, and the fundamental market mechanics of stablecoins as factors likely to drive any short-lived spike.