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

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.

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.

The XRP price has been trading on a consolidation path after reaching a six-year high of $2.9 on December 3. The cryptocurrency has struggled to maintain upward momentum, and recent analysis points to the playout of a descending channel.

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.

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.

David Schwartz, the Chief Technology Officer of Ripple, has warned investors about possible supply constraints and price fluctuations for the company's USD-pegged stablecoin, RLUSD, upon launch.

The cryptocurrency market has achieved a new high by hitting a market capitalization of over $3.7 Trillion. With this, Bitcoin price today has achieved a new all-time high of $106,488.25 during the early Asian market hours. This highlights a strong bullish sentiment in the crypto space.

Ripple CTO has cautioned that Ripple's upcoming US dollar-pegged stablecoin, RippleUSD (RLUSD), may face supply shortages upon launch. The post Ripple CTO Warns of Potential Supply Shortages in Early Days of Ripple's Stablecoin Due to Large Orders appeared first on Cryptonews.

Ripple's Chief Technology Officer, David Schwartz, has warned that while there may be temporary supply shortages when RLUSD launches, causing prices to briefly rise above $1, the price will soon stabilize as the market adjusts. He urged investors not to fall for “FOMO” (Fear of Missing Out) over possible early price fluctuations of the stablecoin.

Schwartz highlighted pre-market bids for RLUSD reaching $1,244, driven by buyers eager to claim the “honor” of being the first to buy it.

Ripple's RLUSD launch highlights the risks of speculative behavior in stablecoin markets, emphasizing the need for informed investment decisions. The post Ripple CTO advises against FOMO amid expected price spikes for RLUSD at launch appeared first on Crypto Briefing.

Seven years ago, Eddie Lobanovskiy designed the iconic XRP logo, symbolizing scalability and speed. Now, he's back with a new creation: the XRP $ARMY logo. Lobanovskiy described it as “the helmet of courage, an unstoppable ‘X' of strength,” symbolizing the power of the XRP Army.

XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone.

Ripple's XRP is currently trading slightly above the $2.40 levels and has slipped into the green zone.XRP is maintaining its position above the upper boundary of the trend channel and recently there has been increased volatility in the crypto market, raising hopes for a possible further move upward.

One trader has set a $1,200 bid for one RLUSD, an early warning sign there could be massive volatility when Ripple's RLUSD stablecoin launches.

XRP demand rises as SEC's appeal deadline nears and Gensler's exit looms, with market focus on Crenshaw's key reappointment vote.

Hovering within a descending triangle pattern on the chart, XRP is clearly struggling. Although XRP experienced a huge spike earlier, it is currently struggling to recover and surpass significant resistance levels.

Ripples RLUSD stablecoin is making waves with a $1,200 wallet listing, stirring excitement and caution in the XRP community. Ripple CTO David Schwartz explains the surge, advising holders to stay grounded ahead of the stablecoins official debut.

XRP's 8% rebound and rising on-chain activity suggest that its bullish rally may not be over.

XRP, the native token of Ripple Labs, is gaining significant attention from crypto experts and community members worldwide. Over the past few days, XRP has been consolidating in a range, with whales and institutions showing strong interest and confidence in the token, as revealed by the on-chain analytics firm Coinglass.

David Schwartz, chief technology officer at San Francisco-based blockchain firm Ripple, has cautioned the XRP community that there might be supply shortages of the new RLUSD stablecoin.