XRP may now be on track to record its first yearly loss in the past three years, but a market expert believes this could be a bullish sign. The crypto market has not fared well since the global valuation reached its peak of $4.27 trillion on Oct.
Amid growing market uncertainties, an analytical exposition has argued that selling XRP at this stage makes no sense in either a bullish or a bearish scenario. XRP is down 8% over the past seven days.
Citigroup has issued optimistic 12-month price forecasts for Bitcoin and Ethereum, citing easing regulatory pressures and rising institutional adoption as key catalysts. In a research note released Thursday, the Wall Street firm noted that improving policy clarity could encourage greater institutional participation and renewed capital inflows into digital assets.
CNBC has spotlighted the remarkable performance of XRP ETFs amid the ongoing bear market, as investors seek alternatives to Bitcoin and Ethereum. While other cryptocurrencies have struggled, XRP ETFs have attracted billion-dollar inflows from institutional and individual investors.
Amid recent bullish developments surrounding Ripple, discussions around whether the firm's strategy centers on XRP have re-emerged. For context, Ripple has completed several high-profile acquisitions, including GTreasury, Metaco, and Hidden Road, launched its RLUSD stablecoin, and secured conditional approval for a national trust bank charter.
XRP community figures have highlighted statements by Ripple CEO Brad Garlinghouse suggesting that no one can manipulate XRP's price. This comes as XRP faced fresh selling pressure over the past day, briefly dropping to $1.77, its lowest level this month.
A vocal XRP critic and crypto trader has secured an over 1,300% profit from his short XRP trade amid the ongoing downtrend. Notably, the XRP price has continued to underperform since dropping from the July peak of around $3.66, down 49% within this period, as it drops below the crucial $2 support to trade for $1.87 at press time.
The court-appointed administrator overseeing Terraform Labs’ liquidation has filed a sweeping lawsuit against Jump Trading. It accuses the firm and senior executives of playing a key role in the 2022 collapse of the Terra ecosystem.
Cardano founder Charles Hoskinson has issued a stark warning about the global financial system, arguing that it is a Ponzi scheme headed toward collapse. He shared this view during a recent livestream.
Momentum is building in Washington around a long-anticipated overhaul of U.S. crypto regulation as the Senate prepares for a formal review of the landmark legislation.
XRP has shown heightened instability, and a recent price analysis has attempted to provide context for its future price trajectory. The uncertainty around the next price direction for XRP has left several enthusiasts wary.
An analyst has highlighted the sharp downturn across digital assets, including XRP, since the inauguration of Trump, the Crypto President. In a recent post on X, widely followed trader ChiefraT emphasized the sustained sell-off the crypto market has witnessed since Trump's inauguration.
Bitcoin dipped sharply on Thursday afternoon, breaking below a key technical support level and triggering a broader selloff across the crypto market. The downturn began after Bitcoin failed to hold momentum from an earlier rally.
Media personality Dave Portnoy is once again keeping a close eye on XRP as bearish pressure returns to the crypto market. Specifically, the Barstool Sports founder has teased another buy after XRP slipped toward levels that previously caught his attention.
The number of non-empty wallets on the XRP Ledger has recorded a consistent upward trend, as market enthusiasts appear to be loading up XRP. XRP has reduced by 15% over the past month, but new whales seem to be raking up the token.
Cardano’s privacy sidechain, Midnight, is preparing to welcome a new privacy-focused stablecoin partner into the ecosystem. This initially began as speculation within the Cardano community, as users deliberated the possibility of a privacy-focused stablecoin launch on Midnight.
With the DTCC breaking into the tokenization market and X Money looking to launch publicly, XRP has an integration opportunity in both areas. Notably, XRP has stayed under strong selling pressure amid a broader market downturn.
Fresh data from the XRP rich list shows that current prices are quietly reshaping who qualifies as a top holder. As XRP trades around $2.04, the number of tokens to rank among the top holders continues to decline.
Multiple analyses suggest that investors may need to spend significantly more to acquire XRP by the end of the decade than its current price. Although XRP’s recent performance may appear underwhelming, the token has recorded substantial growth compared to its valuation in October 2024.
To celebrate the magic of the holiday season, StealthEX, a leading instant crypto exchange, has announced a massive 7-day giveaway event aimed at rewarding the Web3 community. Running from December 22 through December 28, the "7-Day Crypto Advent Calendar" will feature daily prize pools sponsored by some of the most dynamic projects in the industry.
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