Ripple has clarified that despite ongoing speculation, it won't launch its stablecoin, the $RLUSD, today.
Ripple's XRP is currently down by more than eight percent in the last 24 hours and is trading near the $2.33 levels.
Whale bought 337.09 billion PEPE tokens worth $6.92 million from Binance.
Ripple is preparing to launch its stablecoin, RLUSD, pending final regulatory approval. The company clarified: “We're in lockstep with the NYDFS on final approval.
Crypto analyst Jacob Canfield has raised the possibility of the Dogecoin price replicating the recent XRP rally. This came as the analyst highlighted similarities between Dogecoin's recent price action and XRP's.
The Ripple-backed XRP Ledger (XRPL) is evolving rapidly, and RippleX developers are now pushing for a new upgrade. Considering the protocol's official X platform, the XRPL detailed plans to increase transaction fee drops.
Ripple has joined the Pledge 1% movement, an initiative that encourages businesses to give part of their earnings to worthy causes.
XRP, the token stewarded by Ripple, has been one of the best performers in the crypto market. On Monday, the XRP price skyrocketed to a fresh seven-year high above $2.81, buoyed by a series of post-election catalysts ranging from hopes of increased regulatory clarity to the potential for U.S.-listed spot XRP exchange-traded funds (ETFs).
Bitcoin came within hundreds of dollars of the vaunted $100,000 milestone on Wednesday, with ETH, DOGE, and other assets rising alongside.
Cryptocurrency markets are trading higher on Wednesday, bolstered by Federal Reserve Chair Jerome Powell calling it “digital gold.” Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,718 +1.6% Ethereum (CRYPTO: ETH) $3,838 +6.0% Solana (CRYPTO: SOL) $230.86 -3.2% Dogecoin (CRYPTO: DOGE) $0.4222 +2.2% Shiba Inu (CRYPTO: SHIB) $0.00003057 +6.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10% and daily active addresses down by 0.3%.
Ripple CEO Brad Garlinghouse has publicly commented on the nomination of Paul Atkins as the next Chairman of the U.S. SEC. Garlinghouse, known for his strong stance on crypto regulation, welcomed the news, expressing optimism about the future of the crypto industry under Atkins' leadership.
Dogecoin price, the popular meme-based cryptocurrency, has seen a remarkable 181% surge in value over the past month. This significant price spike has captured attention across various trading platforms, positioning DOGE among the top gainers.
Ripple executives Brad Garlinghouse and Stuart Alderoty voiced their support for Paul Atkins as the next U.S. Securities and Exchange Commission chair.
The Dogecoin price action in the past 48 hours has been highlighted by a consolidation below the $0.45 price level. Interestingly, technical analysis shows that this consolidation is part of a bullish pennant that has been in formation since early November.
Crypto analysts like Dark Defender have predicted that the XRP price could still rally to double digits in this market cycle. XRP is currently showing signs of life after Forbes suggested it was a ‘Zombie' coin earlier in the year.
XRP's reduced reserve requirements offer greater accessibility but spark developer concerns over network strain.
Despite price consolidation, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have maintained strong bullish momentum, buoyed by broader market recovery and community enthusiasm. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4158 $61.1 billion +2.6% +3.7% Shiba Inu (CRYPTO: SHIB) $0.00003006 $17.7 billion +7.2% +18.7% Pepe (CRYPTO: PEPE) $0.00003006 $9 billion +9% +8.3% Trader Notes: Crypto trader Scofield highlighted a bullish chart pattern, saying everything is going as planned: $DOGE Update Going exactly as planned pic.twitter.com/BnsAIYlRmw — Scofield (@Crypto_Scofield) December 4, 2024 Technical analyst Kevin notes that in Dogecoin's previous cycle, after a major rally, the token consolidated for 24 days before surging to a macro golden pocket.
US crypto exchanges like Binance.US and Coinbase are making big moves into memecoins.
Bitcoin may consolidate in the near term while select altcoins continue to outperform.
Dogecoin has entered a consolidation phase, holding below its recent local high of $0.48. Despite showing signs of bullish momentum, the price has struggled to break above key resistance levels, leaving traders and investors anticipating its next move.
Ethereum (ETH), Ethereum Classic (ETC), and Binance Coin (BNB) show strong bullish setups with major price targets, including BNB's cup-and-handle breakout aiming for $2,500.
BIT Mining remains a leading player in Litecoin and Dogecoin mining, reporting significant hash rate contributions and profitability driven by LD3 miners. The company highlights its strategy to adapt to market trends and optimize mining hardware for consistent returns in altcoin mining. The post BIT Mining Continues Focus on Litecoin and Dogecoin Mining appeared first on Cryptonews.
Two leading altcoins, XRP ($XRP) and Cardano ($ADA) are both surging this week despite only moderate advances by market leaders Bitcoin ($BTC) and Ethereum ($ETH). In the last seven days, Ripple's payments focused XRP blew up 78.5% to trade at $2.56.
Dogecoin appears primed for a possible breakout to $1. Cointelegraph explains why.
The XRP price has been on a roll, with a gain of around 90% in the last seven days, providing a bullish outlook for the crypto. This bullish momentum might just be getting started as XRP is nearing the legendary 4.236 Fibonacci level, suggesting that a rally to $9 is possible.
XRP is up and Forbes' earlier report has stirred up the crypto community. The report labeled some top cryptocurrencies, including XRP, as “zombie tokens.
Pepe (CRYPTO: PEPE) saw a surge in trading activity following its listing announcement on Binance US, with analysts predicting further upward movement. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend 30-Day Trend Pepe (CRYPTO: PEPE) $0.00002031 $8.5 billion +4% +4.7% +152.4% Dogecoin (CRYPTO: DOGE) $0.4033 $59.3 billion +0.14% +1.1% +158.4% Shiba Inu (CRYPTO: SHIB) $0.00002928 $17.3 billion +5.7% +16.3% +76.1% Dogwifhat (CRYPTO: WIF) $3.13 $3.1 billion +1.9% +1% +57% Trader Notes: Crypto trader Davie Satoshi noted the bounce from key support levels as a positive sign, indicating bullish momentum may be on the horizon.
While Ripple-linked XRP has clearly led the market rally over the past month, Tron's TRX is also stealing the spotlight. In the past 24 hours, TRX has spiked by over 70% to set a new record high above $0.4313, pushing it closer to the top 10 crypto assets by ranking, CoinGecko data shows.
Ripple's XRP has had a remarkable performance in November and early December 2024, earning investors' attention and deployed capital. However, different indicators suggest that XRPL's native token could soon experience a corrective crash, raising alerts in the trading community.
XRP traders have been taking profits. Among the beneficiaries is the top trending new cat-themed meme coin Catslap ($SLAP), which is expected to announce its first centralized exchange (CEX) listing tomorrow, Thursday December 5. XRP has fallen back from $2.86 to $2.
The price of Dogecoin (DOGE) has fallen below the $0.45 level. Since November 12, buyers have failed to sustain the price above the $0.45 level.
After a notable upside rally in the past, XRP, the native token of Ripple Labs is poised for price correction as its chart is flashing a sell-off signal. However, this bearish or negative outlook is further getting support from large holders.
DonAlt, a popular pseudonymous cryptocurrency trader with more than 625,000 followers on the X social media platform, has opined that the Ripple-affiliate XRP cryptocurrency is "infinitely better" than meme coins when it comes to actual use cases.
Ripple is in the process of obtaining approval for its stablecoin RLUSD in New York. This implies that the cross-border payment corporation will be permitted to participate in the regulated US crypto market.
Will whale accumulation spree push DOGE to $10?
BinanceUS plans to add Pepe-The-Frog-themed meme coin Pepe to its trading platform.
The listing of PEPE on Binance.US highlights the growing influence of meme coins in mainstream crypto markets, potentially attracting new investors. The post PEPE price soars on Binance.US listing news appeared first on Crypto Briefing.
XRP performance over the past week and month is nothing short of spectacular, climbing 78.54% and 403.57%, respectively.
Volatility has continued to rock XRP following its fall from a 24-hour high of $2.72 to a low of $2.361. With the price dropping this low, XRP Futures Open Interest (OI) also nosedived by over 12% within the same period, per data from CoinGlass.
Not all celebrations come without shadows, even in the world of cryptocurrency. While XRP's price has surged nearly 400% since early November - climbing to a remarkable seven-year high of $2.9 - criticism has surfaced alongside the gains.
XRP has fallen by 5% in the past 24 hours, but the coin still retains plenty of momentum after breaking out of a long-term wedge pattern. The post XRP Surges Amid Bullish Wedge Pattern – Analyst Claims It Will Never Drop ‘Below $2 Again' appeared first on Cryptonews.
Ripple price held steady near its highest level this year ahead of the highly anticipated RLUSD stablecoin launch. Ripple's (XRP) coin was trading at $2.55 Wednesday morning, within striking distance of its year-to-date high of $2.900.
The market is mostly bullish; however, there are some exceptions to the rule, according to CoinMarketCap.
Ripple Labs has intensified testing its stablecoin, RLUSD, as it aims to expand its role in the growing stablecoin ecosystem. Recent transactions revealed the minting of nearly 10 million RLUSD tokens on the XRPL.
XRP, the third-largest cryptocurrency by market capitalization, has captured attention with its recent price movements. XRP, which is currently trading around $2.65, is on the verge of a significant milestone - reaching $3.
Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, has spotted two transactions, which moved a substantial amount of XRP each. One of them was transferred to the largest U.S. crypto exchange, Coinbase.
Ripple's long-awaited RLUSD stablecoin is set to go live on December 4, after receiving approval from the New York Department of Financial Services.
Justin Sun, Tron's (TRX) founder and BitTorrent owner, has hinted at a potential RLUSD release on Tron (TRX). Meanwhile, the community is expecting the asset to go live today, Dec. 4, 2024, following highly anticipated New York regulator approval.