XRP Plunges 12% as Crypto Market Loses $1 Trillion

This week is off to a terrible start for the cryptocurrency market, with multiple tokens recording double-digit losses.
The Ripple-affiliated XRP cryptocurrency is down as much as 12% after slipping to an intraday low of $2.07. 
Dogecoin (DOGE) and Cardano (ADA) also logged significant losses, dropping by 10.6% and 13.4%, respectively.
Bitcoin (BTC), the largest cryptocurrency, is down a mere 2.6% after briefly reclaiming the $100,000 level on Monday.
The cryptocurrency market is now on track to have its worst day in four months, with as much as $1 trillion of value being wiped out. 
According to data provided by CoinGlass, a staggering $1.76 billion worth of crypto got liquidated over the past 24 hours. Unsurprisingly, long positions account for the vast majority of the sum ($1.58 billion). 
Overall, nearly 600,000 trades got liquidated, with one trader losing as much as $19.69 million with a single ETH/USDT order on the Binance exchange earlier today. 
Binance, the leading cryptocurrency platform in the world, has had the largest share of liquidations ($756.26 million). 
Notably, Ethereum is above Bitcoin when it comes to the total amount of longs liquidated over the past 24 hours ($223 million and $148 million, respectively). 
Solana, Dogecoin, and XRP are also in the top five after emerging as some of the top speculative bets over the past few months. 
"If retail traders react with fear and begin selling off their bags, expect a swift rebound to assets like TRX, AVAX, DOT, ICP, POL, FIL, and TIA," crypto analytics firm Santiment said in a recent post.
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The upcoming U.S. election presents both opportunities and risks for the cryptocurrency market, with potential changes in policy and regulatory approach that could shape the landscape significantly. Here’s a concise analysis of the key ways the election might impact the crypto market:

1. Regulatory Landscape
U.S. regulators have been cracking down on cryptocurrencies, with actions by agencies like the SEC to control exchanges and enforce securities laws. The election could change this trajectory:
If regulatory actions increase: Tighter regulations could push crypto projects offshore, hurting U.S. innovation.
If regulations ease or clarify: A more supportive approach could attract institutional investors and foster growth in the U.S. crypto industry by offering clearer guidelines.

2. Monetary Policy and Inflation
Economic policies, particularly those addressing inflation and interest rates, play a key role in crypto’s appeal:
Inflation-Driven Demand: Higher inflation often drives investors to crypto as a hedge against currency devaluation.
Stimulus Policies: Fiscal easing or stimulus may drive more capital into speculative assets like crypto, creating an influx of funds into the market.

3. Dollar Strength and Foreign Policy
The strength of the U.S. dollar and geopolitical tensions also impact crypto:
Weaker Dollar, Higher Crypto Demand: A weaker dollar could lead investors toward decentralized assets like Bitcoin.
Geopolitical Instability: Escalating tensions, such as with China, may increase crypto’s appeal as a neutral, global asset less affected by nation-specific policies.

4. Technology Policy and CBDC Development
Candidates with a focus on tech innovation might advance blockchain adoption:
Government Support for Blockchain: Increased government use of blockchain technology could boost legitimacy and adoption of cryptocurrencies.
Central Bank Digital Currency (CBDC): A pro-crypto administration might fast-track a U.S. CBDC, enhancing the general acceptance of digital currencies while also providing potential competition to existing decentralized assets.

5. Tax Policy and Investor Sentiment
Tax policies will be crucial for investor interest:
Capital Gains Tax: A higher tax rate on crypto gains could deter trading, while favorable policies could attract institutional investors.
Reporting Requirements: Stringent tax reporting could discourage retail investors, while institutions may prefer clearer guidelines.

Conclusion
The U.S. election could be a volatility driver in the crypto market, with shifts in policy impacting regulation, inflation, international stability, technology, and taxation. While the exact outcomes remain uncertain, any significant policy change in the U.S. is likely to reverberate through the global crypto market, shaping its growth and direction for years to come.

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Ripple’s much-anticipated US dollar-pegged stablecoin, RippleUSD (RLUSD), is gearing up to debut soon—but Ripple CTO David Schwartz has issued a cautionary warning for the early adopters. Let’s dive into the buzz surrounding RLUSD and what it means for the future of XRP and cross-border payments!

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Early FOMO Alert: RLUSD Supply Constraints

📉 Ripple CTO’s Warning:
David Schwartz revealed that RLUSD may face initial supply shortages, fueled by speculative pre-market bids inflating its value.

💰 Unrealistic Bids:
One notable bid on Xaman (Ripple-linked wallet) offered 511 XRP (~$1,244) for 1 RLUSD, sparking debates online. Schwartz dismissed this as someone seeking “the honor” of being the first buyer.

🚨 Schwartz’s Advice:
“Once supply stabilizes, RLUSD will return to near $1. Avoid stablecoin FOMO; this is no chance to get rich.”

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The Bigger Picture: Ripple’s Cross-Border Vision

Ripple is positioning XRP and RLUSD at the core of its cross-border payment strategy, aiming to improve liquidity and reduce depegging risks.

🏦 Institutional Focus: RLUSD targets institutional players for large-scale financial applications.

🌐 Liquidity Boost: Ripple plans to pair RLUSD with XRP, enhancing liquidity and ensuring seamless exchange availability.

💡 Ripple’s Goals: Integrating RLUSD strengthens Ripple’s network, making XRP even more critical in global transactions.

Ripple President Monica Long calls RLUSD “complementary and additive” to XRP, while industry insiders see it as a strategic move to bolster XRP's role in the payments ecosystem.

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Regulatory Milestone: RLUSD Approval

📅 On December 11, Ripple CEO Brad Garlinghouse announced that the New York Department of Financial Services approved RLUSD issuance. This regulatory milestone aligns with Ripple’s mission to cement its leadership in digital payments.

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Ripple’s Ecosystem Evolution: What's Next?

RLUSD, coupled with XRP’s wide exchange presence, signals Ripple’s next-gen payment revolution. While institutional adoption is the focus, retail traders can expect long-term benefits as stablecoin liquidity grows.

Are you ready for RLUSD to reshape cross-border payments? Stay updated as this game-changing stablecoin hits the market soon! 🚀

Hashtags:
#Binance #CryptoTrading. #TradingSignals #cryptomarketdump #Write2Earn! $XRP
#BinanceLaunchpool

Crypto Market Crash: XRP, ADA, and DOGE Down Double Digits; Is This the Final Dip?

Crypto dips 10-20%: Experts see it as a healthy correction in the bull cycle, with Bitcoin near $96K and altcoins like ADA and XRP facing double-digit losses.
Bullish outlook: Analysts call current dips a buying opportunity, citing historical rebounds and optimism for 2025 amid U.S. Bitcoin buys and new tax policies.
The crypto market is experiencing a dip, but for many experts, this is seen as a healthy correction in the ongoing bull cycle. Despite the decline in prices, the sentiment remains bullish, with many expecting further growth in the long term.
Bitcoin has dipped by more than three percent and is trading close to the $96k level at the time of writing.
While the Bitcoin market might be seeing declines, altcoins are also experiencing corrections, and this phase is seen as a crucial part of the market’s long-term cycle. Altcoins like XRP, ADA, DOGE and TRON have recorded double-digit losses and might even dip further.
Some market analysts, including prominent figures in the crypto space, have been calling for a 10-20% dip, seeing it as a necessary correction. With the total cryptocurrency market cap recently falling to around $930 billion, many are watching closely to understand if this is the bottom or if further declines are ahead.
Analyst Crypto Capital Venture pointed to historical data showing 30% dips in total market cap, including significant drops in altcoins. Such corrections are viewed not as bearish signals, but as opportunities for a stronger bullish run.
Looking closely at altcoins, the analyst gave Cardano (ADA) as an example. After breaking a dollar, ADA experienced some volatility, with price drops below $1, but the analyst remains bullish.
“These moves are normal,” the analyst explained, pointing to past cycles where ADA experienced dips but later surged back to higher levels.
Conclusion: Will the Bullish Trend Survive?
Recent developments, including potential U.S. government Bitcoin purchases and discussions around a new crypto tax policy, are fueling optimism for 2025. These factors, combined with historical market patterns, suggest that the bullish trend could continue into the next year, despite current volatility.
The analyst said that for long-term holders, these dips are seen as buying opportunities ahead of what could be a significant bull run in the near future.
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