Ripple Price Forecast: Expert Predicts XRP Crash to $1.50 and $0.50
Ripple Price Forecast: Expert Predicts XRP Crash to $1.50 and $0.50 A market analyst, The Block Bull, has predicted a significant downturn in Ripple’s XRP price, expecting a fall to previous lows of $1.50 and $0.50. This forecast emerges amidst ongoing market uncertainty and consolidation in XRP’s price movement. XRP’s Struggle to Sustain Momentum XRP’s inability to break out of its consolidation phase has raised concerns among analysts. The token experienced a dramatic rise to a seven-year peak of $2.90 on December 3, achieving a 105% increase in eight days. However, strong resistance at this level triggered a sharp decline, preventing XRP from retesting its recent high. Since then, the asset has oscillated between $2 and $2.50, occasionally dipping below $2. The Block Bull has indicated that XRP’s mid-term outlook appears bearish. A potential drop from its current position has been suggested, with the token facing increasing pressure from broader market trends. Is XRP’s Downtrend Imminent? The analyst has projected that XRP’s decline could begin imminently. After a 2.34% drop yesterday, XRP’s winning streak, which started on December 10, was broken. At present, the token trades flat but shows limited signs of recovery. The Block Bull has suggested that XRP could fall to $1.50 by next week, marking a significant decline. Notably, XRP has not revisited this level since November 29. Further, the analyst believes the $1.50 support level is weak, predicting that XRP could slump to $0.50 between Christmas and New Year. For context, XRP struggled at the $0.50 mark throughout 2022 and 2023, only surpassing it in November 2024. Related Article: SHIB Adoption Surges as Bitget Wallet Integrates Shibarium for 40M+ Users Key Support Levels to Monitor The $2.20 support level has been identified as a critical point for XRP. The Block Bull has warned that losing this support could lead to a rapid decline, with $1.50 being the next target. Currently, XRP trades above this support at $2.34. Historical trends support this bearish outlook. During XRP’s 2017 rally, a 284% surge in March was followed by a 44% drop in April before recovering to an all-time high of $3.30. A fall to $1.50 from the current price would represent a 35% drop, while a slide to $0.50 would mark a 79% decline. Proponents Remain Optimistic Despite this forecast, several XRP supporters remain optimistic about its potential. Confidence in the token has been attributed to factors such as Ripple’s RLUSD stablecoin launch, improving market conditions, and the anticipated regulatory stance of the incoming Trump administration. As XRP’s price currently holds steady, the coming weeks could determine whether it follows the bearish prediction or rebounds to test new highs.
Ripple’s RLUSD Stablecoin Gains Traction, XRP Hits New Highs
Ripple obtained approval from the New York Department of Financial Services (NYDFS) to launch its RLUSD stablecoin. This development fueled a 9% surge in the XRP token’s value over the past 24 hours. The token’s price rebounded from a significant dip, climbing from $2.30 to $2.70. CEO and Market Reactions Ripple CEO Brad Garlinghouse hailed the NYDFS approval as a pivotal milestone. He announced that exchange and partner listings would soon follow, creating further excitement within the market. Meanwhile, FOX Business journalist Eleanor Terrett reminded X users of her early report on Ripple’s stablecoin plans, first revealed on November 29. She had speculated on a possible launch date of December 4. Although RLUSD has not launched yet, Garlinghouse assured investors that Ripple would provide the first official announcement. Related article: XRP: Ripple’s CLO Criticizes SEC’s Crenshaw Amid Controversy The stablecoin’s release aims to challenge the dominance of industry leaders Tether’s USDT and Circle’s USDC, signaling a potential shake-up in the stablecoin sector. XRP Price Performance and Market Data According to CoinMarketCap data, XRP’s price has soared by 287.07% over the past 30 days, with its current value standing at $2.30. Despite the rally, the token remains 40.15% below its all-time high of $3.84, which it achieved in January 2018. The surge in XRP’s price correlates with growing anticipation for the RLUSD launch and an emerging partnership between the XRP Ledger and Cardano ecosystems. Related article: Ripple’s “Lock In” Message Ignites Buzz in the XRP Community Technical analysis suggests a shift in market sentiment. The XRP Relative Strength Index (RSI) currently sits at 62.03, indicating bullish control. However, the RSI’s trajectory hints at potential price declines due to increasing bearish pressure. Furthermore, the Moving Average Convergence/Divergence (MACD) indicator confirmed a bearish divergence. The signal line crossed above the MACD line, while the MACD histogram turned red, signaling possible downward momentum for XRP.
XRP: Ripple’s CLO Criticizes SEC’s Crenshaw Amid Controversy
A heated debate has been stirred by Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, as he labeled SEC Commissioner Caroline Crenshaw “more rogue than Gensler.” The remarks come as the Housing and Urban Affairs Committee prepares to vote on Crenshaw’s continued role as an SEC commissioner. Ripple’s CLO Takes Aim at SEC’s Crenshaw The critique of Commissioner Crenshaw was made public through a post by Stuart Alderoty. It was suggested that her regulatory stance is even more stringent than that of outgoing SEC Chair Gary Gensler. Alderoty highlighted that Gensler eventually conceded after a court ruled the blocking of Bitcoin spot Exchange-Traded Funds (ETFs) as “arbitrary and capricious.” However, Crenshaw’s dissenting votes, where she argued the court’s decision was incorrect, were criticized by Ripple’s CLO. He emphasized that unelected officials must not operate above the law. XRP and Bitcoin ETFs Dominate Market Trends The launch of Bitcoin spot ETFs has been a significant market development. Over 1.1 million BTC have been accumulated by these ETFs, surpassing the holdings of Bitcoin’s mysterious creator, Satoshi Nakamoto. Among these ETFs, BlackRock’s iShares Bitcoin Trust leads with holdings valued at $51.5 billion, equivalent to nearly 528,000 BTC. Other notable ETFs, including Grayscale’s Bitcoin Trust (GBTC), collectively hold significant amounts, further solidifying their market presence. Crypto Lobbying Groups Oppose Crenshaw’s Re-Nomination Crenshaw’s re-nomination to the SEC has drawn opposition from crypto advocacy groups. Organizations like the Blockchain Association have called on lawmakers to reject her, citing her anti-crypto stance as a concern. These groups argue that Crenshaw’s views are misaligned with Congress’s previous approach to crypto regulation. They have urged the Senate to nominate leaders who will collaborate with Congress to establish fair and balanced regulations. Related Article: XRP Rises 300% in 30 Days: Key Indicator Suggests Another Move Divided Opinions Among Senators The Senate Banking Committee remains divided on Crenshaw’s nomination. While outgoing Chair Sherrod Brown has supported stricter regulations for the crypto sector, Republican Senator Tim Scott has opposed pending nominations under President Biden. As Crenshaw is poised to become the SEC’s only Democratic commissioner, her comments labeling the crypto market as a “petri dish of fraud” have intensified the debate. Crypto Market Outlook Despite regulatory challenges, the crypto market continues to experience notable growth. Bitcoin’s price has surged 130% year-to-date, trading at an average of $97,617, with an all-time high of $103,900 achieved recently. The global crypto market cap currently stands at $3.45 trillion, with a 24-hour trading volume of $276 billion. The debate over Caroline Crenshaw’s nomination and Ripple’s legal tussle with the SEC reflect the ongoing tensions in crypto regulation. While the market shows resilience, calls for balanced oversight are expected to grow louder as the industry seeks clarity.
XRP Rises 300% in 30 Days: Key Indicator Suggests Another Move
The price of XRP has increased by 300% within the last 30 days, drawing significant attention from the crypto market. A crucial indicator now suggests that further movements may occur. XRP’s Social Dominance Shows a Sharp Increase The rise in XRP’s social dominance has been highlighted as a notable trend. Data from Lunar Crush, a crypto social intelligence platform, revealed that the metric nearly doubled within 24 hours, growing from 3.85% to 5.85%. The increased social engagement indicates heightened market discussions surrounding XRP. While surges in social dominance sometimes act as contrarian signals, Lunar Crush has reported that the sentiment around XRP remains neutral. This neutrality could favor its price stability and growth. Approval of RLUSD Sparks XRP Price Rally A significant boost to XRP’s price was observed following the approval of Ripple’s RLUSD stablecoin by the New York Department of Financial Services (NYDFS). This stablecoin is expected to enhance liquidity and support decentralized finance (DeFi) projects on the XRP Ledger (XRPL). Analysts believe this development will bolster XRP’s value over time. Can XRP Maintain Its Momentum? Market experts have expressed optimism about XRP’s ability to sustain its upward momentum. Bitcoin enthusiast and MMCrypto host Christopher Jaszcynski predicted that XRP could surpass the $3 resistance level, a milestone not reached in seven years. According to Jaszcynski, breaking through the $2.6 resistance would pave the way for further gains. Related Article: Ripple’s “Lock In” Message Ignites Buzz in the XRP Community Analysts Predict Higher Targets for XRP Pro-XRP analysts have set even more ambitious price targets. An analyst known as “BarriC” suggested that XRP could potentially surge to $20 in a single move. Despite the bullish predictions, some traders have advised caution. The prominent trader “IncomeSharks” urged investors to consider taking profits, citing the formation of a lower high on XRP’s daily candle chart. What Lies Ahead for XRP? The future trajectory of XRP will likely depend on several factors, including the broader crypto market sentiment and further developments on the XRP Ledger. With social dominance rising and institutional support growing, XRP remains a focal point for crypto enthusiasts and traders alike. Whether XRP continues its upward journey or faces consolidation, the market’s response to these indicators will shape its next moves.
Ripple’s “Lock In” Message Ignites Buzz in the XRP Community
The XRP community has been energized by Ripple’s recent embrace of the phrase “Lock in.” This phrase, initially emerging from community discussions, symbolises anticipation and unity within the ecosystem. Ripple’s public acknowledgement of this trending statement has further boosted community morale. Ripple CEO Brad Garlinghouse appeared on 60 Minutes recently to address the cryptocurrency industry’s regulatory challenges. Although the segment aired on December 8, Garlinghouse expressed dissatisfaction with the editing, stating that key portions, including his stance on XRP not being classified as a security, were excluded. Regulatory Debate: XRP vs. SEC Criticisms During the interview, former SEC official John Reed Stark made critical remarks about cryptocurrencies. Stark labelled crypto assets as a “scourge” on society and reiterated the claim that tokens like XRP are securities. Garlinghouse responded candidly, challenging Stark’s statements and emphasizing Ripple’s position on XRP’s regulatory classification. In the aftermath, Ripple’s official X account shared the phrase “Lock in” alongside an image of Garlinghouse. This move resonated deeply within the XRP community, amplifying the sense of collective resilience against ongoing regulatory pressures. “Lock In” Gains Momentum Among XRP Supporters The “Lock in” phrase quickly gained traction as prominent XRP community members adopted it across social media. Influential figures such as Ripple Payments engineer Neil Hartner and xrpcafe co-founder Vet shared the phrase, often paired with an image of Garlinghouse. These posts were widely interpreted as memes symbolizing steadfastness amid market volatility. Ripple CTO David Schwartz also joined the trend, posting a screenshot of “Lock in” messages and reiterating the phrase himself. This led to widespread speculation within the XRP community about the deeper meaning behind Ripple’s cryptic message. Read Also: XRP Struggles at $2.10 Support: What’s Next for Investors? XRP Market Challenges Amid the “Lock In” Movement The rise of the “Lock in” message coincided with a significant market sell-off that resulted in $1.6 billion in crypto liquidations. XRP, which traded at $2.23, experienced a 6% drop in value over the past 24 hours. Many XRP enthusiasts interpreted Ripple’s message as an encouragement to “hold” their tokens despite the market turbulence. However, the factual context of the phrase remains open to interpretation, fueling ongoing discussions within the community. Ripple and XRP’s Path Forward The “Lock in” message has solidified the XRP community’s unity during uncertain market conditions. Ripple’s engagement with its supporters highlights the strength of the ecosystem as both investors and developers navigate the challenges posed by regulatory scrutiny and market fluctuations.
XRP Struggles at $2.10 Support: What’s Next for Investors?
XRP’s price has dropped from a recent peak of $2.80 to its current level of $2.20. This movement marks a correction phase that mirrors broader market trends. A bearish channel is now forming on XRP’s price chart. While this might appear negative, it could also be seen as a healthy cooling-off period following an extended rally. Shifting Market Momentum Initially, strong buying interest drove XRP’s price higher, as shown by the significant spike in trading volume. However, momentum has since faded, with volumes noticeably lower during the pullback. Currently, XRP is testing a critical support level at $2.10. If this level fails, the next support zones to watch are $1.84 and $1.62. Source: CoinMarketCap The market’s response at these levels will determine whether XRP stabilizes or faces additional selling pressure. The recent sell-off has triggered over $1 billion in liquidations, forcing many over-leveraged positions to close. Related article: XRP Loses Position as Third-Largest Crypto Amid Stablecoin Delay This cascade effect intensified XRP’s downward movement. On the positive side, this liquidation process clears speculative excess from the market, which often supports healthier price action in the long term. Short-Term Pain, Long-Term Potential Although the correction may feel painful for short-term traders, it could offer long-term benefits. Historically, similar market events have paved the way for stronger price action later. If XRP maintains support at $2.10, buyers may regain control, leading to a potential reversal. Bulls will look to reclaim the $2.50 resistance level as a sign of recovery. Breaking out of the descending channel would be the first sign of a bullish resurgence. Related article: XRP Whale Moves 22 Million Tokens, Signaling Bullish Confidence Investors should stay cautious as XRP navigates its current correction. Monitoring XRP’s price action near key support levels and observing broader market sentiment will be essential. For long-term holders, deeper corrections could provide attractive entry points. The next few days will be crucial in determining XRP’s trajectory. If critical supports fail, a steeper decline may follow. However, a successful defense of these levels could restore bullish momentum, offering a potential pathway to recovery.
XRP Whale Moves 22 Million Tokens, Signaling Bullish Confidence
Despite XRP facing market volatility, optimism around the asset remains high. Whale Alert, a crypto tracking service on X, revealed a substantial on-chain transaction involving 22,018,660 XRP. The transfer, worth approximately $50,355,056, originated from Binance, the world’s largest cryptocurrency exchange, and moved to a private wallet. This action suggests that the whale may intend to secure XRP for long-term storage. Such a move demonstrates confidence in XRP’s future value. Transfers to private wallets generally indicate a bullish sentiment, as these tokens are unlikely to re-enter the market for immediate selling. Ripple Effect on Market Dynamics Large-scale acquisitions by XRP whales can positively influence market dynamics. These purchases tend to reduce selling pressure, which often encourages other investors to buy more. Consequently, this could lead to a price increase. Market trends show that reduced selling activity coupled with heightened demand often boosts an asset’s value. Related article: XRP Loses Position as Third-Largest Crypto Amid Stablecoin Delay Earlier reports highlighted a surge in interest after XRP surpassed the $2 mark. Institutional interest further amplified this sentiment. Notably, Nasdaq-listed Worksport expressed plans to gain crypto exposure through XRP and Bitcoin. Steven Rossi, CEO of Worksport, described XRP as an increasingly reliable store of value. Such institutional endorsements strengthen confidence in the token and its market potential. XRP Struggles to Maintain Key Levels At the time of writing, XRP trades at $2.26, reflecting a 5.32% drop over the past 24 hours. The token briefly dipped to $2.23 before recovering, showcasing its struggle to stay above the $2 threshold. Related article: XRP Trading Surges as Ripple CEO Sparks Discussions Among XRP Army Earlier this week, market speculation hinted at XRP potentially surpassing the $3 mark. However, it faces resistance between $2.85 and $2.90, making this milestone challenging to achieve. Amid ongoing hype around an XRP ETF and favorable U.S. regulatory moves, XRP has a strong foundation for future growth. While the path remains uncertain, these developments signal a promising outlook for the token’s value.
XRP Trading Surges as Ripple CEO Sparks Discussions Among XRP Army
Ripple CEO Brad Garlinghouse has acknowledged a surge in XRP trading activity, recently retweeting a bullish statement on the matter. The retweet came from Austin Reid, the global head of revenue and business at crypto brokerage firm FalconX. Reid revealed that FalconX’s XRP trading volume experienced a “10x growth” between the first and second halves of Q4. He attributed this growth primarily to institutional participation rather than retail trading. Over the past week, XRP achieved a remarkable 117% increase in market value. The token climbed from $1.30 to a peak of $2.80. After a 24% drop on Tuesday, XRP rebounded slightly but has since declined by 9% in the last 24 hours, currently trading at $2.30. Ripple Addresses Banking Challenges with Cross-Border Payments Ripple has outlined critical challenges faced by banks in cross-border payment operations. These include high costs, hidden fees, slow settlements, limited network access, compliance complexities, reliability concerns, and liquidity shortages. Ripple’s payment solutions aim to address these issues. The platform offers low-cost transaction services to reduce fees, including a payment tracker for faster settlements, even during non-business hours. Ripple Payments provides access to a global network, enabling efficient transfers with advanced tools. Strict adherence to regulatory standards minimizes compliance risks, ensuring secure operations. Liquidity constraints and unreliable services, often damaging to banks’ reputations, are mitigated with Ripple’s innovative solutions. The platform positions itself as a comprehensive tool for modernizing financial operations. Read Also: Shiba Inu Lead Clarifies Role in Hawk Tuah Airdrop Controversy Institutional Interest Drives XRP Growth Market analysts suggest that XRP’s recent performance reflects growing institutional interest. This interest aligns with Ripple’s mission to tackle inefficiencies in global financial systems. XRP’s market capitalization has increased significantly, adding $100 billion in value. The token has reclaimed its position as the third-largest cryptocurrency by market value. As XRP consolidates above $2, its appeal to institutional investors continues to grow. Ripple CEO Garlinghouse’s focus on these developments highlights XRP’s evolving role in the financial sector. XRP Gains Momentum Amid Bullish Developments The rapid growth in XRP trading activity and institutional adoption underscores the token’s rising importance. Ripple’s efforts to address banking challenges further enhance XRP’s credibility and utility. With increased market momentum and innovation, XRP remains a key player in the cryptocurrency space. Its evolution signals a transformative phase for the financial sector and digital assets.
XRP Loses Position as Third-Largest Crypto Amid Stablecoin Delay
Ripple officially announced the delay of its stablecoin, $RLUSD, on December 5. The company revealed the postponement via its social media platform, X, stating, “$RLUSD isn’t launching today.” The launch now awaits approval from the New York Department of Financial Services (NYDFS). XRP Price Drop and Market Impact Following the announcement, XRP’s price fell sharply. It dropped from $2.59 to $2.31 within 24 hours, according to CoinMarketCap. This decline resulted in XRP losing its spot as the third-largest cryptocurrency, falling behind Tether (USDT), which holds a market cap of $135.8 billion. Source: CoinMarketCap As of now, XRP’s market cap stands at $139.24 billion, reflecting a 8.30% decrease in the past day. XRP’s 24-hour trading volume also saw a significant drop. Related article: Ripple (XRP) Prepares for Potential Year-End Token Sell-Off in 2024 It fell to $27.55 billion, marking a 30% decrease compared to the previous day. Despite this setback, XRP still holds its position ahead of Solana (SOL) and Binance Coin (BNB), even as BNB reached an all-time high on December 4. Market Sentiment and Speculation Analysts point to panic selling as a possible reason for XRP’s decline. Glassnode data highlights increased selling pressure, with trading volumes falling from $32 billion to $16 billion on December 4. This cooling-off period may have contributed to XRP’s market cap drop and loss of ranking. Related article: XRP Transfers Spike: Whale Moves $156 Million in 8 Hours Stablecoins are seeing a surge, with a 24-hour trading volume of $317.13 billion. Ripple’s success with $RLUSD is crucial for enhancing its On-Demand Liquidity platform, which facilitates fast cross-border payments. A successful launch could potentially boost XRP prices. Bollinger Bands indicate reduced volatility, as the bands have narrowed. XRP recently tested resistance at $2.74, with support holding around $2.21. Traders now await a breakout or breakdown to signal XRP’s next major price move.
XRP Transfers Spike: Whale Moves $156 Million in 8 Hours
Prominent blockchain tracker Whale Alert identified two significant XRP transactions. One of these, involving 39,999,989 XRP valued at $103.18 million, went directly to Coinbase, the largest U.S. cryptocurrency exchange. The second transfer, totaling 19,999,989 XRP worth $52.97 million, moved between anonymous wallets. In total, these two transactions accounted for roughly 60 million XRP, equivalent to $156 million. XRP Price Rebounds After Sudden Drop XRP’s price recently experienced a volatile shift. Following a sharp 16% drop from $2.86 to $2.41, the coin rebounded by 10%, trading at $2.56. This recovery comes as XRP solidifies its position as the third-largest cryptocurrency on CoinMarketCap. Increased whale activity appears to be fueling this momentum. Related article: XRP Predicted to Double Its All-Time High Price Santiment data confirmed heightened whale activity earlier this week. Over the weekend, large investors amassed 160 million XRP, spending around $380 million. On Dec. 3, Whale Alert tracked six notable transactions totaling 273.4 million XRP. Among them were transfers of 100 million and 60 million XRP. These movements involved South Korean exchanges Bithumb and Upbit. Source: CoinMarketCap As XRP soared to $2.49, its highest level since January 2018, whales holding between 1 million and 10 million XRP accumulated 679.1 million coins, valued at $1.66 billion. Smaller investors also joined in, acquiring an additional 5.5 million XRP. Ripple Issues Scam Warning Amid Rising Market In light of XRP’s recent surge, Ripple issued a scam alert on Dec. 2. CEO Brad Garlinghouse released a video warning the community about fraudulent schemes. Scammers often promise double returns in exchange for XRP. Related article: XRP Sees Massive Growth After Forbes Criticized It as “Zombie” Token Garlinghouse emphasized that neither Ripple nor its executives, including CTO David Schwartz and President Monica Long, would ask for XRP in such a manner. Ripple’s message urged users to “stay aware and stay safe.” This proactive approach highlights the risks accompanying rapid market gains and encourages vigilance among investors.
