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XRP continues to consolidate above the crucial $2 support level, even as Bitcoin (BTC) struggles to find direction.  Despite the broader market downturn, investor interest in XRP remains high, with institutional inflows and ETF applications fueling optimism. XRP one-day price chart. Source: Finbold At press time, XRP is trading at $2.47, marking a daily gain of over 7%. However, the cryptocurrency has shed 20% of its value over the past week amid the broader market sell-off.  Picks for you This chart pattern sets Bitcoin’s next short-term price targets  3 hours ago This Solana prediction has traders talking—and it’s big 4 hours ago ...

The XRP price has jumped 6.8% in the last 24 hours to trade at $2.34 as 3:25 a.m. EST on a 13% pump in trading volume to $26 billion. This surge in the Ripple token’s price comes after Ripple CEO Brad Garlinghouse announced on Tuesday that the New York Department of Financial Services (NYDFS) approved the launch of its stablecoin, RLUSD. This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first. — Brad Garlinghouse (@bgarlinghouse) December 10, 2024 RLUSD is a stablecoin designed to maintain a 1:1 peg to the US Dollar. Like popular stablecoins such as USDT and USDC, Ripple asserts that RLUSD will be backed by actual US Dollar deposits, short-term government treasuries, and other cash equivalents. XRP Price Rebounds On A Double Bottom Pattern The XRP/USDT trading pair, in the 4-hour timeframe, presents an interesting setup with a c...

A strong indication of a bull market is upon the crypto space, evident from the surging prices of top altcoins and the frontrunner crypto Bitcoin. XRP, after years of legal battles and stagnancy, seems to have gained momentum as well, thanks to the current market sentiments. Alongside speculation for a massive XRP pump, investors have also been patiently waiting for Bitcoin to finally cross the $100k mark. This anticipation has resulted in the number of investors surging as well, with a majority looking for projects to make huge profits on. How Long Till XRP Hits $2? The market conditions have already been bullish, and XRP seems to have been announcing major developments one after the other. The mix of this may have heavily contributed to the pump that it has been recording up until now. The past two weeks also experienced a massive surge in whale activity, with a majority of top buyers restocking up on more and more XRP tokens. Santiment, the popular research company had shared in...

Despite the overall cryptocurrency bull market prevalent through much of 2024 – albeit with its own ups and downs – XRP’s trajectory has remained mostly downward. Indeed, through its erratic and volatile performance since January, XRP has landed at $0.53 at press time on October 29, meaning it is 14.19% below the price it started the year at. XRP YTD price chart. Source: Finbold The token’s persistent staying in the red can be linked to several important factors, including the ongoing legal battle against the Securities and Exchange Commission (SEC) – a battle set for a new chapter as Ripple announced that it is filing a cross-appeal – and Ripple’s escrow schedule, which sees hundreds of millions, if not billions, of tokens released in short timeframes, being among the most cited. Picks for you Bitcoin indicators...