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.

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.

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.

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.

Ripple has pledged $5 million in XRP to President-elect Donald Trump's inauguration fund. Ripple's CEO, Brad Garlinghouse, has already had a private meeting with President Trump, which caused a major movement in the market, especially for the XRP price.

Ripple's XRP is currently trading in red and is trading below the $2.25 mark. Majority of the top 10 coins are trading in red, including Bitcoin. XRP continues to trade sideways as it remains in a consolidation phase. This range-bound movement is expected to exist as the market works through a correction.

XRP price started a fresh decline from the $2.38 zone. The price is consolidating and might struggle to start a fresh increase above the $2.30 resistance zone.

Trump's pro-crypto agenda gains traction with new Crypto Council appointments, aiming to foster innovation in digital assets.

Ripple's XRP has managed to maintain its position above $2, despite an 8.2% dip against the U.S. dollar this week. Over the weekend, massive onchain XRP transactions caught attention, and the network's stablecoin, RLUSD, reached a market valuation of $53 million.

Ripple is calling on the SEC to rebuild trust as its four-year legal fight over XRP persists, with hopes for policy shifts under incoming leadership. Ripple Urges SEC to Rebuild Credibility Amid XRP Lawsuit Ripple remains vocal in its ongoing legal battle with the U.S.

At this crucial point, XRP is testing the 26 EMA, a key support level that could dictate the asset's short-term course. After weeks of erratic price action, XRP is now at a critical juncture trading close to $2.28.

XRP's explosive rally faces risks as on-chain metrics point to overvaluation and weakening momentum.

In the cryptocurrency space, XRP is gaining much attention, and many people are making predictions regarding its prospects for 2025. Bitstamp, a cryptocurrency exchange, excites investors with its promising future.

XRP has been trading in a decline over the past few days alongside the broader cryptocurrency market. However, despite this lull, the XRP price has managed to maintain its critical support levels and is currently positioning itself for a potential recovery.

Bitcoin has plunged 12% in the last five days since setting a new high, while Dogecoin and XRP have fallen hard after recent milestones.

As the crypto market wavers under the shocks of volatility, XRP whales are making strategic moves. Between massive accumulation and the launch of the stablecoin RLUSD, Ripple seems to be laying the groundwork for a new surge.

According to on-chain data, Ripple has transferred a significant amount of XRP to unknown wallets, attracting interest from the cryptocurrency community. According to blockchain data tracker Whale Alert, Ripple shifted a total of 90 million XRP in two separate transactions within the last 24 hours.

After a huge surge of almost 500% in recent weeks, the price of XRP, currently the third largest cryptocurrency, seems to be finding its local ceiling. While in line with the performance of the broader cryptocurrency market, there's a possibility that XRP may not stop correcting there and eventually find a stop to the recent downward movement much lower than the current level of $2.26.

Ripple's XRP gains traction as global banks adopt crypto services, supported by Ripple's technology. Whale activity signals confidence in XRP's growing utility. The post Global Banks Adoption May Drive XRP Price appeared first on Cryptonews.

XRP community gets new rewards, Fed rules out BTC reserves, Strike CEO says Trump eyeing US BTC reserve, and more in this Week in Review. Week in Review Ripple's RLUSD stablecoin debuted on Uphold, offering rewards and benefits to XRP holders.

The on-chain metrics support the recent poor price performance of XRP. XRP Ledger has seen a sharp decline in the quantity of new accounts being created, according to data.

A leading market analyst has provided a roadmap for XRP to achieve a remarkable price surge, potentially reaching $6 in the near future—nearly double its all-time high from 2017/2018. This forecast comes amidst a volatile market environment, primarily influenced by the Federal Reserve's aggressive inflationary stance.

XRP lost its third position to USDT once again this week.

Ripple's XRP is down by more than six percent and is trading at $2.22 level at the time of writing. XRP's price is at a crossroads and has lost the majority of the gains made in the last seven days.

XRP Under Pressure as SEC Appeal Deadline Nears: XRP price trends hinge on SEC's decision to appeal Ripple rulings, with ETFs adding uncertainty to forecasts.

XRP has faced a steep correction over the past few days, plunging more than 23% since Tuesday amid heightened market volatility. Despite this sharp downturn, XRP has shown resilience, bouncing back with a notable 20% recovery since yesterday.

Ripple, Coinbase, and Kraken are leading crypto's charge into Trump's inauguration, contributing millions as the industry bets on pro-blockchain policies and favorable regulatory shifts.

Whales are buying the dip as Ripple's price consolidates at $2.32. With reduced profit-taking and strong support levels, signs point to a potential rebound.

Crypto analyst TradinSides has revealed that the recent XRP crash to $2 could have ended the bearish 2nd wave. With that out of the way, the crypto analyst mentioned the factors that could drive the wave 3 impulsive move to the upside.

Whale Alert identified 90M XRP moved to private wallets, fueling speculation about long-term accumulation. XRP remains steady at $2.25, sparking bullish predictions despite market uncertainty.

Crypto lawyer and Republican John Deaton argued that Elon Musk's proposed Department of Government Efficiency could bring transparency to government spending, quoting a video that featured American comedian John Stewart.

Ripple's XRP is showing a modest increase of over 1%, trading at $2.28 at the time of writing. After a recent dip below the $2 mark, XRP has managed to sustain a bullish trend.

Ripple Labs CTO David Shwartz has once again weighed in on the company's latest product, the RLUSD stablecoin that went live earlier this week. In a video message shared by the firm's official X account, David Schwartz said the Ripple USD offers the right use cases that can benefit users and developers.

The XRP price continues to defy expectations, maintaining levels above $2. Here are the latest factors driving its value, highlighting Ripple's strategic moves.