♻️ Ripple's XRP may see a rebound after recent pullback; on-chain data suggests further upward potential
🤔📈Ripple's XRP funding rate isn't very high compared to previous bullish seasons despite a 400% rise in the past month.
🚨 RLUSD will not debut yet despite rumors of an alleged launch on Wednesday.
XRP struggles to reclaim $2.58 amid a quest for a new all-time high at $3.57.
📮 XRP traded near $2.4 on Wednesday as Ripple Labs clarified that its RLUSD stablecoin will not debut on exchanges despite a rumored launch among crypto community members. Amid a sharp decline in XRP's price, on-chain data shows the remittance-based token still has the potential to resume its rally.
XRP could resume rally as attention turns to RLUSD launch
XRP witnessed double-digit losses on Wednesday, declining 11% despite its 400% gains in the past month. The asset has been among the top trending altcoins, leading the charge for the much-anticipated alt season.
🧑⚖️ Despite the massive rise, XRP's funding rate remains somewhat stable compared to levels seen during its rally in February 2024 and the March 2021 bull market, according to Coinalyze data.
⚠️ XRP Funding Rates | Coinalyze
A stable funding rate indicates that the market isn't overly bullish, and there's potential for further price growth, reducing the risk of overheating.
Likewise, XRP's weighted sentiment is also at low levels compared to previous rallies. This indicates that retail traders may not be the primary factor behind the asset's recent strong uptrend.
When retailers are not the major factor behind a price rally, it reduces the potential for panic FUD selling during market downturns.
📛 XRP Weighted Sentiment | Santiment
As traders and investors anticipate a rebound in XRP's price, attention has also turned to the upcoming launch of the RLUSD stablecoin.
RLUSD is Ripple's stablecoin pegged to the US dollar and aims to provide users with a more stable transaction asset. Major exchanges like Coinbase are already lining up to begin issuing RLUSD to customers for trade.
While most crypto community members anticipated the launch of RLUSD on Wednesday, Ripple clarified that the launch isn't happening yet as key details are being finalized with the New York State Department of Financial Services.
Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as possible.
We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards. Stay tuned…
— Ripple (@ Ripple) December 4, 2024
XRP faces sell pressure near $2.58 amid quest for new all-time high at $3.57
XRP declined 11%, sparking over $34 million in liquidations in the past 24 hours, per Coinglass data. Liquidations included $25.37 million from long positions and $8.75 million from short positions.
XRP has struggled to reclaim the $2.58 level after declining below it on December 3, meaning sellers are defending the level.
XRP/USDT 4-hour chart
If the decline continues, it could find support at $1.96 near the 50-day Simple Moving Average (SMA).
However, if XRP sustains a high volume move above $2.58, it could rally to the upper boundary of a key rectangle channel at $3.57 to set a new all-time high.
The Relative Strength Index (RSI) momentum indicator is trending downward and testing its midline, signaling weakening bullish momentum.
@cryptoopdate
🤔📈Ripple's XRP funding rate isn't very high compared to previous bullish seasons despite a 400% rise in the past month.
🚨 RLUSD will not debut yet despite rumors of an alleged launch on Wednesday.
XRP struggles to reclaim $2.58 amid a quest for a new all-time high at $3.57.
📮 XRP traded near $2.4 on Wednesday as Ripple Labs clarified that its RLUSD stablecoin will not debut on exchanges despite a rumored launch among crypto community members. Amid a sharp decline in XRP's price, on-chain data shows the remittance-based token still has the potential to resume its rally.
XRP could resume rally as attention turns to RLUSD launch
XRP witnessed double-digit losses on Wednesday, declining 11% despite its 400% gains in the past month. The asset has been among the top trending altcoins, leading the charge for the much-anticipated alt season.
🧑⚖️ Despite the massive rise, XRP's funding rate remains somewhat stable compared to levels seen during its rally in February 2024 and the March 2021 bull market, according to Coinalyze data.
⚠️ XRP Funding Rates | Coinalyze
A stable funding rate indicates that the market isn't overly bullish, and there's potential for further price growth, reducing the risk of overheating.
Likewise, XRP's weighted sentiment is also at low levels compared to previous rallies. This indicates that retail traders may not be the primary factor behind the asset's recent strong uptrend.
When retailers are not the major factor behind a price rally, it reduces the potential for panic FUD selling during market downturns.
📛 XRP Weighted Sentiment | Santiment
As traders and investors anticipate a rebound in XRP's price, attention has also turned to the upcoming launch of the RLUSD stablecoin.
RLUSD is Ripple's stablecoin pegged to the US dollar and aims to provide users with a more stable transaction asset. Major exchanges like Coinbase are already lining up to begin issuing RLUSD to customers for trade.
While most crypto community members anticipated the launch of RLUSD on Wednesday, Ripple clarified that the launch isn't happening yet as key details are being finalized with the New York State Department of Financial Services.
Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as possible.
We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards. Stay tuned…
— Ripple (@ Ripple) December 4, 2024
XRP faces sell pressure near $2.58 amid quest for new all-time high at $3.57
XRP declined 11%, sparking over $34 million in liquidations in the past 24 hours, per Coinglass data. Liquidations included $25.37 million from long positions and $8.75 million from short positions.
XRP has struggled to reclaim the $2.58 level after declining below it on December 3, meaning sellers are defending the level.
XRP/USDT 4-hour chart
If the decline continues, it could find support at $1.96 near the 50-day Simple Moving Average (SMA).
However, if XRP sustains a high volume move above $2.58, it could rally to the upper boundary of a key rectangle channel at $3.57 to set a new all-time high.
The Relative Strength Index (RSI) momentum indicator is trending downward and testing its midline, signaling weakening bullish momentum.
@cryptoopdate
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With the new XRP trading script, you have the potential to earn daily returns ranging from 2% to 5% of your total wallet balance.
We have posted about this before and those who participated on this strategy made good progress.
Dm @xrpscripts to purchase and get started.
We have posted about this before and those who participated on this strategy made good progress.
Dm @xrpscripts to purchase and get started.
❤4🥰1
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JUST IN: 🇷🇺 Russian President Putin says "who can ban Bitcoin?"
"Nobody"
@cryptoopdate
We up forever 🚀📈
"Nobody"
@cryptoopdate
We up forever 🚀📈
🤔♻️Ripple week in review: Can XRP resume rally to hit a new all-time high?
😎 XRP investors realized over $5.86 billion in profits during the week.
🛄 XRP whales are slightly tilted toward accumulation despite holding an average profit of nearly 400%.
📊XRP needs to overcome the $2.92 level to stage a rally to a new all-time high.
📈 Ripple's XRP is up 7% on Friday as whales are holding onto their tokens despite high profit-taking among retail traders. This attitude from whales could push XRP to a new all-time high at $3.57.
XRP on-chain data indicates bullish sentiment despite record profit-taking
After extending its rally and rising to a four-year high of $2.91 on Tuesday, XRP saw a pullback, declining by about 17% in the following three days.
The decline was potentially sparked by increased profit-taking, as revealed by the XRP Network Realized Profit and Loss indicator, which shows investors have booked gains of over $5.86 billion since December 1. Such profit-taking is normal among investors during bull markets, especially when prices reach new highs.
XRP Network Realized Profit and Loss | Santiment
This is evidenced in the XRP Mean Coin Age metric, which shows that selling activity was rising in the week across all coin ages, especially among the 2-3 years cohorts. When this metric sees a decline, it sigifies distribution among the respective coin age cohort.
XRP Mean Coin Age | Santiment
Despite the recent pullback from profit-taking, other XRP on-chain data indicates that bullish sentiment is still dominant in the market.
The XRP Market Value to Realized Value (MVRV) ratio, which measures all holders' average profit or loss, shows that investors are still holding onto over 388% of profit.
Notably, most of the recent selling activity may have been from retailers, as whales have shown a slight bias toward accumulation. This is seen in the chart below, which shows that investors holding between 1M - 10M XRP increased their stash by 260 million XRP tokens in the week.
@cryptoopdate
😎 XRP investors realized over $5.86 billion in profits during the week.
🛄 XRP whales are slightly tilted toward accumulation despite holding an average profit of nearly 400%.
📊XRP needs to overcome the $2.92 level to stage a rally to a new all-time high.
📈 Ripple's XRP is up 7% on Friday as whales are holding onto their tokens despite high profit-taking among retail traders. This attitude from whales could push XRP to a new all-time high at $3.57.
XRP on-chain data indicates bullish sentiment despite record profit-taking
After extending its rally and rising to a four-year high of $2.91 on Tuesday, XRP saw a pullback, declining by about 17% in the following three days.
The decline was potentially sparked by increased profit-taking, as revealed by the XRP Network Realized Profit and Loss indicator, which shows investors have booked gains of over $5.86 billion since December 1. Such profit-taking is normal among investors during bull markets, especially when prices reach new highs.
XRP Network Realized Profit and Loss | Santiment
This is evidenced in the XRP Mean Coin Age metric, which shows that selling activity was rising in the week across all coin ages, especially among the 2-3 years cohorts. When this metric sees a decline, it sigifies distribution among the respective coin age cohort.
XRP Mean Coin Age | Santiment
Despite the recent pullback from profit-taking, other XRP on-chain data indicates that bullish sentiment is still dominant in the market.
The XRP Market Value to Realized Value (MVRV) ratio, which measures all holders' average profit or loss, shows that investors are still holding onto over 388% of profit.
Notably, most of the recent selling activity may have been from retailers, as whales have shown a slight bias toward accumulation. This is seen in the chart below, which shows that investors holding between 1M - 10M XRP increased their stash by 260 million XRP tokens in the week.
@cryptoopdate
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🔥 SAYLOR: “Sell all the US gold, buy Bitcoin and then the trade is free. You’ll demonetize the entire gold asset class and our enemies hold gold in their banks. Their assets will go to zero, our assets will go to $100 trillion and we will control the world reserve capital network.”
@cryptoopdate
@cryptoopdate
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Ripple slowed down for a correction within uptrend
Ripple Slowed Down For A Correction Within Uptrend, as we see an unfinished five-wave bullish cycle from @xrpscripts strategy...
Ripple Slowed Down For A Correction Within Uptrend, as we see an unfinished five-wave bullish cycle from @xrpscripts strategy...
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#PEOPLE/USDT
Entry Zone: $0.0575/ $0.0522
Targets:
TP1: $0.0591
TP2: $0.0633
TP3: $0.0710
Will update stop-loss soon!
Signal from @xrpscripts
Entry Zone: $0.0575/ $0.0522
Targets:
TP1: $0.0591
TP2: $0.0633
TP3: $0.0710
Will update stop-loss soon!
Signal from @xrpscripts
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#DUSKUSDT The price has broken the downtrend line well and with strong momentum and then pulled back to that trendline. We expect this pullback to be a sign of a continuation of the upward trend and, in the first step, it can touch the ceiling of this price of 0.33830 and then touch higher targets…
😬 XRP Struggles Amid Regulatory Uncertainty; BTC Sub-$100K
👨⚖️ SEC appeal plans weigh heavily on XRP prices; decisions may redefine US crypto market legal precedents.
🇺🇸 US BTC-spot ETFs attract record inflows, as investor confidence grows amid strategic reserve asset proposals.
📟 Capitol Hill embraces pro-crypto leadership, fueling optimism for regulatory clarity in the digital asset market.
XRP Price Volatility and Regulatory Impact
On Thursday, December 12, XRP declined by 2.37%, reversing a 0.91% from Wednesday, closing at $2.3379. XRP underperformed the broader crypto market, which dipped by 0.30%, taking the total market cap to $3.510 trillion.
Uncertainty surrounding Crenshaw’s renomination vote and whether the SEC will pursue the appeal continues to weigh on XRP demand.
Near-term price trends remain hinged on SEC plans to appeal. XRP could face renewed selling pressure if the SEC pursues the appeal, potentially pulling the token toward $1. Conversely, a withdrawal may drive XRP past its January 2018 all-time high of $3.5505.
A withdrawal would also set the Programmatic Sales of XRP ruling as a pivotal legal precedent for the US crypto market. This precedent may undermine the SEC’s ongoing legal cases against crypto exchanges, including Coinbase (COIN) and Binance.
In July 2023, Judge Analisa Torres ruled that Programmatic Sales of XRP did not satisfy the third prong of the Howey Test. In other words, XRP sales on crypto exchanges do not violate US securities laws.
@cryptoopdate
👨⚖️ SEC appeal plans weigh heavily on XRP prices; decisions may redefine US crypto market legal precedents.
🇺🇸 US BTC-spot ETFs attract record inflows, as investor confidence grows amid strategic reserve asset proposals.
📟 Capitol Hill embraces pro-crypto leadership, fueling optimism for regulatory clarity in the digital asset market.
XRP Price Volatility and Regulatory Impact
On Thursday, December 12, XRP declined by 2.37%, reversing a 0.91% from Wednesday, closing at $2.3379. XRP underperformed the broader crypto market, which dipped by 0.30%, taking the total market cap to $3.510 trillion.
Uncertainty surrounding Crenshaw’s renomination vote and whether the SEC will pursue the appeal continues to weigh on XRP demand.
Near-term price trends remain hinged on SEC plans to appeal. XRP could face renewed selling pressure if the SEC pursues the appeal, potentially pulling the token toward $1. Conversely, a withdrawal may drive XRP past its January 2018 all-time high of $3.5505.
A withdrawal would also set the Programmatic Sales of XRP ruling as a pivotal legal precedent for the US crypto market. This precedent may undermine the SEC’s ongoing legal cases against crypto exchanges, including Coinbase (COIN) and Binance.
In July 2023, Judge Analisa Torres ruled that Programmatic Sales of XRP did not satisfy the third prong of the Howey Test. In other words, XRP sales on crypto exchanges do not violate US securities laws.
@cryptoopdate
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😊 Ripple Receives $100M AI Investment
KaJ Labs is investing $100M in AI tools for Ripple’s ecosystem to enhance automation, analytics, and decentralized enterprise operations.
KaJ Labs, the developer behind the on-chain enterprise platform Atua AI (TUA), has unveiled plans to invest $100 million to develop cutting-edge AI tools exclusively for the Ripple (XRP) ecosystem.
The initiative aims to strengthen the integration of AI and blockchain technology in decentralized finance (DeFi) and enterprise applications.
👌Strategic Focus on Ripple
According to the announcement, Atua AI plans to leverage Ripple’s scalable and efficient infrastructure to create AI-powered tools designed to improve automation, streamline business operations, and enable data-driven decision-making for enterprises using XRP.
The $100 million investment will be allocated to support research and development, AI model training, and deploying enterprise-specific solutions within the XRP ecosystem.
“This move is poised to bolster enterprise functionality, offering real-time analytics, predictive insights, and automated workflows to businesses utilizing Ripple’s decentralized framework,” the announcement stated.
Atua AI, an on-chain enterprise platform, is recognized for using artificial intelligence to streamline and enhance the efficiency of business operations.
Why Ripple? 🤷♂️
KaJ Labs has cited Ripple’s well-established reputation for scalability and reliability as crucial in selecting the blockchain as the foundation for Atua AI’s expansion.
The initiative underscores the increasing intersection of blockchain and artificial intelligence, technologies that are rapidly gaining traction among corporate and institutional sectors.
The investor says it aims to drive innovation and adoption within decentralized enterprise operations by developing AI solutions optimized for Ripple’s XRP ecosystem.
@cryptoopdate
KaJ Labs is investing $100M in AI tools for Ripple’s ecosystem to enhance automation, analytics, and decentralized enterprise operations.
KaJ Labs, the developer behind the on-chain enterprise platform Atua AI (TUA), has unveiled plans to invest $100 million to develop cutting-edge AI tools exclusively for the Ripple (XRP) ecosystem.
The initiative aims to strengthen the integration of AI and blockchain technology in decentralized finance (DeFi) and enterprise applications.
👌Strategic Focus on Ripple
According to the announcement, Atua AI plans to leverage Ripple’s scalable and efficient infrastructure to create AI-powered tools designed to improve automation, streamline business operations, and enable data-driven decision-making for enterprises using XRP.
The $100 million investment will be allocated to support research and development, AI model training, and deploying enterprise-specific solutions within the XRP ecosystem.
“This move is poised to bolster enterprise functionality, offering real-time analytics, predictive insights, and automated workflows to businesses utilizing Ripple’s decentralized framework,” the announcement stated.
Atua AI, an on-chain enterprise platform, is recognized for using artificial intelligence to streamline and enhance the efficiency of business operations.
Why Ripple? 🤷♂️
KaJ Labs has cited Ripple’s well-established reputation for scalability and reliability as crucial in selecting the blockchain as the foundation for Atua AI’s expansion.
The initiative underscores the increasing intersection of blockchain and artificial intelligence, technologies that are rapidly gaining traction among corporate and institutional sectors.
The investor says it aims to drive innovation and adoption within decentralized enterprise operations by developing AI solutions optimized for Ripple’s XRP ecosystem.
@cryptoopdate
🔥9❤3
ZETA/USDT Long 📈
Entry :$0.69-$0.58
TP 1 : $0.89
TP 2 : $0.97
TP 3 : $1.20
Using 3% of Portfolio, we would be accumulating more of it if market goes down!
Signal from @xrpscripts
Entry :$0.69-$0.58
TP 1 : $0.89
TP 2 : $0.97
TP 3 : $1.20
Using 3% of Portfolio, we would be accumulating more of it if market goes down!
Signal from @xrpscripts
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#SOL/USDT Long 📈
Entry :$219 - 207
Stoploss : below $198
TP 1 : $235
TP 2 : $248
TP 3 : $275
Using 3% portfolio, we would be accumulating SOL this bull rum
Signal from @xrpscripts
Entry :$219 - 207
Stoploss : below $198
TP 1 : $235
TP 2 : $248
TP 3 : $275
Using 3% portfolio, we would be accumulating SOL this bull rum
Signal from @xrpscripts
#BIGTIME/USDT Long 📈
Entry :$0.1742
TP 1 : $0.1802
TP 2 : $0.1911
TP 3 : $0.2019
Using 3% portfolio
Signal from @xrpscripts
Entry :$0.1742
TP 1 : $0.1802
TP 2 : $0.1911
TP 3 : $0.2019
Using 3% portfolio
Signal from @xrpscripts
Ripple's XRP could rally to $4.75 as RLUSD set to officially launch on Tuesday.
Ripple announced its RLUSD stablecoin will officially launch on Tuesday.
RLUSD will go live on platforms including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx.
XRP could rally to a new all-time high of $4.75 if it sustains a high volume above the $2.58 and $2.92 resistance levels.
Ripple (XRP) confirmed in a press release on Monday that its RLUSD stablecoin will officially launch on Tuesday across exchanges, including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx. Bullish sentiments surrounding the launch could help XRP overcome the $2.58 and $2.92 resistance levels.
RLUSD to go live on Tuesday following regulatory approval
Ripple's much anticipated USD-backed stablecoin is set to go live after a Monday announcement that RLUSD would launch globally on Tuesday.
Ripple announced its RLUSD stablecoin will officially launch on Tuesday.
RLUSD will go live on platforms including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx.
XRP could rally to a new all-time high of $4.75 if it sustains a high volume above the $2.58 and $2.92 resistance levels.
Ripple (XRP) confirmed in a press release on Monday that its RLUSD stablecoin will officially launch on Tuesday across exchanges, including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx. Bullish sentiments surrounding the launch could help XRP overcome the $2.58 and $2.92 resistance levels.
RLUSD to go live on Tuesday following regulatory approval
Ripple's much anticipated USD-backed stablecoin is set to go live after a Monday announcement that RLUSD would launch globally on Tuesday.
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