The U.S. Securities and Exchange Commission (SEC) has officially rejected WisdomTree’s application for a spot XRP ETF. The fund, which was proposed to be listed on the Cboe BZX Exchange with the Bank of New York Mellon as its administrator, has failed to gain regulatory approval. This marks yet another instance of the SEC’s skepticism toward cryptocurrency spot ETFs.
Why the SEC Rejected Spot XRP ETF

The SEC’s rejection of the WisdomTree $XRP Fund follows a familiar narrative. The commission cited concerns over market manipulation, inadequate investor protection, and the lack of proper surveillance mechanisms. These reasons echo the SEC's past rejections of spot Bitcoin and Ethereum ETF applications, emphasizing the regulatory body’s cautious stance on approving such products.
Why XRP’s Approval Could Be a Market Shock
The rejection isn’t just about XRP; it carries implications for the broader cryptocurrency market:
▫️ Systemic Risks: If a spot XRP ETF were to gain approval, it could pave the way for speculative market behaviors, destabilizing Bitcoin and Ethereum prices.
▫️ Market Crashes: Analysts speculate that approving a spot XRP ETF could trigger a significant crash in Bitcoin, Ethereum, and even XRP itself, as the influx of institutional players could manipulate liquidity and price movements.
▫️ Regulatory Consistency: Approving XRP while continuing to reject Bitcoin and Ethereum ETFs would create regulatory inconsistencies, undermining the SEC’s credibility.
A Strategic Delay?
Critics argue that the SEC’s repeated rejections are not just about regulatory compliance but also a strategic move to delay institutional adoption until clearer guidelines are established. For XRP, this means its path to a spot ETF remains fraught with challenges.
Conclusion
The rejection of WisdomTree’s spot XRP ETF underscores the SEC’s unwavering stance on crypto ETFs. While the dream of a spot ETF for XRP, Bitcoin, or Ethereum remains alive, the road ahead is riddled with regulatory and market hurdles. For now, XRP’s ETF ambitions—and the broader market implications—remain in limbo.
#XRP #XRPEFTRejected #XRPETF $XRP

Believe it or not, $XRP is poised for a dip below $1.9 before it can attempt another rally toward $3. While the token’s recent performance has been extraordinary, technical indicators and market behavior suggest that a correction is on the horizon. Here’s why selling your tokens now and re-entering at a lower price could be a profitable strategy.
1. Correction is Inevitable
No market moves in one direction indefinitely, and XRP is no exception. On the 1-hour chart, early signs of a price correction are evident as XRP starts to lose upward momentum:
Overbought RSI: The Relative Strength Index indicates that XRP is overbought, a classic signal for a potential downturn.
Profit-Taking: Many investors who entered earlier will begin to sell, triggering a cascade of sell-offs that will push the price lower.
2. Ideal Buy Zones
If #XRP dips as expected, the $1.8 to $1.9 range could present an excellent re-entry point. This level aligns with:
Support Zones: Historical price action suggests strong support around $1.8 to $1.9, where buyers are likely to step in.
Fair Value Gaps: These price ranges offer an opportunity for the market to balance liquidity before resuming an upward trend.
3. Why Retail Investors Should Avoid Buying Now
Retail investors face significant risks if they buy XRP at its current levels:
High Entry Point: Entering at over $2 exposes investors to a potential loss if the price corrects to $1.8-$1.9.
Market Volatility: XRP’s sharp movements can easily liquidate inexperienced traders who enter without a proper strategy.
Whale Manipulation: Whales may use the current hype to dump their holdings, further driving prices down.
4. Mid-Term Outlook
A dip below $1.9 is not necessarily bearish for XRP in the long term. In fact:
Healthy Correction: A pullback allows the market to consolidate and gather momentum for a stronger push higher.
Path to $3: After filling fair value gaps and shaking out weak hands, XRP could aim for a new rally, potentially nearing $3.
Conclusion
If you’re holding XRP, now might be the time to sell and secure profits. With signs of a correction looming, you could capitalize by re-entering at a lower price range around $1.8 to $1.9. For retail investors, caution is advised—buying at inflated prices is a recipe for losses. Keep a close eye on XRP’s chart, and remember that patience often yields better returns in volatile markets.
#XRP #Ripple $XRP

Believe it or not, $XRP is poised for a dip below $1.9 before it can attempt another rally toward $3. While the token’s recent performance has been extraordinary, technical indicators and market behavior suggest that a correction is on the horizon. Here’s why selling your tokens now and re-entering at a lower price could be a profitable strategy.
1. Correction is Inevitable
No market moves in one direction indefinitely, and XRP is no exception. On the 1-hour chart, early signs of a price correction are evident as XRP starts to lose upward momentum:
Overbought RSI: The Relative Strength Index indicates that XRP is overbought, a classic signal for a potential downturn.
Profit-Taking: Many investors who entered earlier will begin to sell, triggering a cascade of sell-offs that will push the price lower.
2. Ideal Buy Zones
If #XRP dips as expected, the $1.8 to $1.9 range could present an excellent re-entry point. This level aligns with:
Support Zones: Historical price action suggests strong support around $1.8 to $1.9, where buyers are likely to step in.
Fair Value Gaps: These price ranges offer an opportunity for the market to balance liquidity before resuming an upward trend.
3. Why Retail Investors Should Avoid Buying Now
Retail investors face significant risks if they buy XRP at its current levels:
High Entry Point: Entering at over $2 exposes investors to a potential loss if the price corrects to $1.8-$1.9.
Market Volatility: XRP’s sharp movements can easily liquidate inexperienced traders who enter without a proper strategy.
Whale Manipulation: Whales may use the current hype to dump their holdings, further driving prices down.
4. Mid-Term Outlook
A dip below $1.9 is not necessarily bearish for XRP in the long term. In fact:
Healthy Correction: A pullback allows the market to consolidate and gather momentum for a stronger push higher.
Path to $3: After filling fair value gaps and shaking out weak hands, XRP could aim for a new rally, potentially nearing $3.
Conclusion
If you’re holding XRP, now might be the time to sell and secure profits. With signs of a correction looming, you could capitalize by re-entering at a lower price range around $1.8 to $1.9. For retail investors, caution is advised—buying at inflated prices is a recipe for losses. Keep a close eye on XRP’s chart, and remember that patience often yields better returns in volatile markets.
#XRP #Ripple $XRP

Believe it or not, $XRP is poised for a dip below $1.9 before it can attempt another rally toward $3. While the token’s recent performance has been extraordinary, technical indicators and market behavior suggest that a correction is on the horizon. Here’s why selling your tokens now and re-entering at a lower price could be a profitable strategy.
1. Correction is Inevitable
No market moves in one direction indefinitely, and XRP is no exception. On the 1-hour chart, early signs of a price correction are evident as XRP starts to lose upward momentum:
Overbought RSI: The Relative Strength Index indicates that XRP is overbought, a classic signal for a potential downturn.
Profit-Taking: Many investors who entered earlier will begin to sell, triggering a cascade of sell-offs that will push the price lower.
2. Ideal Buy Zones
If #XRP dips as expected, the $1.8 to $1.9 range could present an excellent re-entry point. This level aligns with:
Support Zones: Historical price action suggests strong support around $1.8 to $1.9, where buyers are likely to step in.
Fair Value Gaps: These price ranges offer an opportunity for the market to balance liquidity before resuming an upward trend.
3. Why Retail Investors Should Avoid Buying Now
Retail investors face significant risks if they buy XRP at its current levels:
High Entry Point: Entering at over $2 exposes investors to a potential loss if the price corrects to $1.8-$1.9.
Market Volatility: XRP’s sharp movements can easily liquidate inexperienced traders who enter without a proper strategy.
Whale Manipulation: Whales may use the current hype to dump their holdings, further driving prices down.
4. Mid-Term Outlook
A dip below $1.9 is not necessarily bearish for XRP in the long term. In fact:
Healthy Correction: A pullback allows the market to consolidate and gather momentum for a stronger push higher.
Path to $3: After filling fair value gaps and shaking out weak hands, XRP could aim for a new rally, potentially nearing $3.
Conclusion
If you’re holding XRP, now might be the time to sell and secure profits. With signs of a correction looming, you could capitalize by re-entering at a lower price range around $1.8 to $1.9. For retail investors, caution is advised—buying at inflated prices is a recipe for losses. Keep a close eye on XRP’s chart, and remember that patience often yields better returns in volatile markets.
#XRP #Ripple $XRP

Believe it or not, $XRP is poised for a dip below $1.9 before it can attempt another rally toward $3. While the token’s recent performance has been extraordinary, technical indicators and market behavior suggest that a correction is on the horizon. Here’s why selling your tokens now and re-entering at a lower price could be a profitable strategy.
1. Correction is Inevitable
No market moves in one direction indefinitely, and XRP is no exception. On the 1-hour chart, early signs of a price correction are evident as XRP starts to lose upward momentum:
Overbought RSI: The Relative Strength Index indicates that XRP is overbought, a classic signal for a potential downturn.
Profit-Taking: Many investors who entered earlier will begin to sell, triggering a cascade of sell-offs that will push the price lower.
2. Ideal Buy Zones
If #XRP dips as expected, the $1.8 to $1.9 range could present an excellent re-entry point. This level aligns with:
Support Zones: Historical price action suggests strong support around $1.8 to $1.9, where buyers are likely to step in.
Fair Value Gaps: These price ranges offer an opportunity for the market to balance liquidity before resuming an upward trend.
3. Why Retail Investors Should Avoid Buying Now
Retail investors face significant risks if they buy XRP at its current levels:
High Entry Point: Entering at over $2 exposes investors to a potential loss if the price corrects to $1.8-$1.9.
Market Volatility: XRP’s sharp movements can easily liquidate inexperienced traders who enter without a proper strategy.
Whale Manipulation: Whales may use the current hype to dump their holdings, further driving prices down.
4. Mid-Term Outlook
A dip below $1.9 is not necessarily bearish for XRP in the long term. In fact:
Healthy Correction: A pullback allows the market to consolidate and gather momentum for a stronger push higher.
Path to $3: After filling fair value gaps and shaking out weak hands, XRP could aim for a new rally, potentially nearing $3.
Conclusion
If you’re holding XRP, now might be the time to sell and secure profits. With signs of a correction looming, you could capitalize by re-entering at a lower price range around $1.8 to $1.9. For retail investors, caution is advised—buying at inflated prices is a recipe for losses. Keep a close eye on XRP’s chart, and remember that patience often yields better returns in volatile markets.
#XRP #Ripple $XRP

Believe it or not, $XRP is poised for a dip below $1.9 before it can attempt another rally toward $3. While the token’s recent performance has been extraordinary, technical indicators and market behavior suggest that a correction is on the horizon. Here’s why selling your tokens now and re-entering at a lower price could be a profitable strategy.
1. Correction is Inevitable
No market moves in one direction indefinitely, and XRP is no exception. On the 1-hour chart, early signs of a price correction are evident as XRP starts to lose upward momentum:
Overbought RSI: The Relative Strength Index indicates that XRP is overbought, a classic signal for a potential downturn.
Profit-Taking: Many investors who entered earlier will begin to sell, triggering a cascade of sell-offs that will push the price lower.
2. Ideal Buy Zones
If #XRP dips as expected, the $1.8 to $1.9 range could present an excellent re-entry point. This level aligns with:
Support Zones: Historical price action suggests strong support around $1.8 to $1.9, where buyers are likely to step in.
Fair Value Gaps: These price ranges offer an opportunity for the market to balance liquidity before resuming an upward trend.
3. Why Retail Investors Should Avoid Buying Now
Retail investors face significant risks if they buy XRP at its current levels:
High Entry Point: Entering at over $2 exposes investors to a potential loss if the price corrects to $1.8-$1.9.
Market Volatility: XRP’s sharp movements can easily liquidate inexperienced traders who enter without a proper strategy.
Whale Manipulation: Whales may use the current hype to dump their holdings, further driving prices down.
4. Mid-Term Outlook
A dip below $1.9 is not necessarily bearish for XRP in the long term. In fact:
Healthy Correction: A pullback allows the market to consolidate and gather momentum for a stronger push higher.
Path to $3: After filling fair value gaps and shaking out weak hands, XRP could aim for a new rally, potentially nearing $3.
Conclusion
If you’re holding XRP, now might be the time to sell and secure profits. With signs of a correction looming, you could capitalize by re-entering at a lower price range around $1.8 to $1.9. For retail investors, caution is advised—buying at inflated prices is a recipe for losses. Keep a close eye on XRP’s chart, and remember that patience often yields better returns in volatile markets.
#XRP #Ripple $XRP

Believe it or not, $XRP is poised for a dip below $1.9 before it can attempt another rally toward $3. While the token’s recent performance has been extraordinary, technical indicators and market behavior suggest that a correction is on the horizon. Here’s why selling your tokens now and re-entering at a lower price could be a profitable strategy.
1. Correction is Inevitable
No market moves in one direction indefinitely, and XRP is no exception. On the 1-hour chart, early signs of a price correction are evident as XRP starts to lose upward momentum:
Overbought RSI: The Relative Strength Index indicates that XRP is overbought, a classic signal for a potential downturn.
Profit-Taking: Many investors who entered earlier will begin to sell, triggering a cascade of sell-offs that will push the price lower.
2. Ideal Buy Zones
If #XRP dips as expected, the $1.8 to $1.9 range could present an excellent re-entry point. This level aligns with:
Support Zones: Historical price action suggests strong support around $1.8 to $1.9, where buyers are likely to step in.
Fair Value Gaps: These price ranges offer an opportunity for the market to balance liquidity before resuming an upward trend.
3. Why Retail Investors Should Avoid Buying Now
Retail investors face significant risks if they buy XRP at its current levels:
High Entry Point: Entering at over $2 exposes investors to a potential loss if the price corrects to $1.8-$1.9.
Market Volatility: XRP’s sharp movements can easily liquidate inexperienced traders who enter without a proper strategy.
Whale Manipulation: Whales may use the current hype to dump their holdings, further driving prices down.
4. Mid-Term Outlook
A dip below $1.9 is not necessarily bearish for XRP in the long term. In fact:
Healthy Correction: A pullback allows the market to consolidate and gather momentum for a stronger push higher.
Path to $3: After filling fair value gaps and shaking out weak hands, XRP could aim for a new rally, potentially nearing $3.
Conclusion
If you’re holding XRP, now might be the time to sell and secure profits. With signs of a correction looming, you could capitalize by re-entering at a lower price range around $1.8 to $1.9. For retail investors, caution is advised—buying at inflated prices is a recipe for losses. Keep a close eye on XRP’s chart, and remember that patience often yields better returns in volatile markets.
#XRP #Ripple $XRP

The Ripple price went parabolic in November, making it one of the best-performing cryptocurrencies. 

Ripple (XRP) surged to a high of $2.50, climbing over 400% from its monthly low. This rally pushed its market cap beyond $130 billion, allowing it to overtake popular coins like Solana (SOL), BNB, and Dogecoin (DOGE).

The primary catalyst for XRP’s surge was Donald Trump’s election victory, which is expected to pave the way for more favorable crypto regulations. This development is significant as Ripple Labs has been embroiled in a legal battle with the Securities and Exchange Commission since 2020.

You might also like: Ripple’s XRP flips Binance BNB after 16% surge

The election also raised the possibility of a spot XRP exchange-traded fund by 2025. Earlier this week, asset manager WisdomTree, overseeing $111 billion in assets, filed for a spot Ripple ETF.

Crypto analysts suggest that XRP’s recent rally was largely driven by whale activity, triggering a fear of missing out among retail investors. 

In an X post, CryptoQuant CEO Ki Young Ju highlighted that whale activity on Coinbase played a significant role, as exchange premiums surged to 3%-13%. Conversely, South Korea’s Upbit exchange, which has a substantial XRP trading base, showed no such premium.

Coinbase whales are driving this $XRP rally.Over the past 30 days, Coinbase's minute-level price premium has ranged from 3% to 13% during the surge.Meanwhile, Upbit—a Korean exchange with more XRP investors than Binance—has shown no significant premium so far. pic.twitter.com/ENESB2Zrkv

— Ki Young Ju (@ki_young_ju) December 2, 2024

Santiment, a leading analytics firm, reported that wallets holding between 1 million and 10 million XRP added 671 million coins in three weeks. This marked the first increase in non-empty wallets in eight years, driven by FOMO.

🚀 XRP has skyrocketed to an astounding $2.49 market value for the first time since January 8, 2018. The 6-year (nearly 7-year) high comes as wallets with 1M-10M XRP have accumulated 679.1M tokens (currently worth $1.66B) in just 3 weeks. Also, total non-empty XRP wallets have… pic.twitter.com/bIsfOqdCQX

— Santiment (@santimentfeed) December 2, 2024

XRP price could suffer a mean reversion

XRP chart | Source: crypto.news

Ripple’s price may face a potential pullback in the coming weeks. First, the coin could experience mean reversion, as it currently trades significantly above its short- and long-term moving averages. Mean reversion suggests that assets often return to their average price over time.

Additionally, XRP’s Relative Strength Index and Stochastic Oscillator indicate overbought conditions, signaling potential weakness. Furthermore, XRP may be in the markup phase of the Wyckoff Method, characterized by high demand outpacing supply.

This phase is often followed by the distribution phase, which typically leads to a sell-off. Ripple’s price could retreat to retest support at $1.9697, a key level last seen in April 2021.

You might also like: Chart of the week: XRP could jump another 12%, what to expect

The Ripple price went parabolic in November, making it one of the best-performing cryptocurrencies. 

Ripple (XRP) surged to a high of $2.50, climbing over 400% from its monthly low. This rally pushed its market cap beyond $130 billion, allowing it to overtake popular coins like Solana (SOL), BNB, and Dogecoin (DOGE).

The primary catalyst for XRP’s surge was Donald Trump’s election victory, which is expected to pave the way for more favorable crypto regulations. This development is significant as Ripple Labs has been embroiled in a legal battle with the Securities and Exchange Commission since 2020.

You might also like: Ripple’s XRP flips Binance BNB after 16% surge

The election also raised the possibility of a spot XRP exchange-traded fund by 2025. Earlier this week, asset manager WisdomTree, overseeing $111 billion in assets, filed for a spot Ripple ETF.

Crypto analysts suggest that XRP’s recent rally was largely driven by whale activity, triggering a fear of missing out among retail investors. 

In an X post, CryptoQuant CEO Ki Young Ju highlighted that whale activity on Coinbase played a significant role, as exchange premiums surged to 3%-13%. Conversely, South Korea’s Upbit exchange, which has a substantial XRP trading base, showed no such premium.

Coinbase whales are driving this $XRP rally.Over the past 30 days, Coinbase's minute-level price premium has ranged from 3% to 13% during the surge.Meanwhile, Upbit—a Korean exchange with more XRP investors than Binance—has shown no significant premium so far. pic.twitter.com/ENESB2Zrkv

— Ki Young Ju (@ki_young_ju) December 2, 2024

Santiment, a leading analytics firm, reported that wallets holding between 1 million and 10 million XRP added 671 million coins in three weeks. This marked the first increase in non-empty wallets in eight years, driven by FOMO.

🚀 XRP has skyrocketed to an astounding $2.49 market value for the first time since January 8, 2018. The 6-year (nearly 7-year) high comes as wallets with 1M-10M XRP have accumulated 679.1M tokens (currently worth $1.66B) in just 3 weeks. Also, total non-empty XRP wallets have… pic.twitter.com/bIsfOqdCQX

— Santiment (@santimentfeed) December 2, 2024

XRP price could suffer a mean reversion

XRP chart | Source: crypto.news

Ripple’s price may face a potential pullback in the coming weeks. First, the coin could experience mean reversion, as it currently trades significantly above its short- and long-term moving averages. Mean reversion suggests that assets often return to their average price over time.

Additionally, XRP’s Relative Strength Index and Stochastic Oscillator indicate overbought conditions, signaling potential weakness. Furthermore, XRP may be in the markup phase of the Wyckoff Method, characterized by high demand outpacing supply.

This phase is often followed by the distribution phase, which typically leads to a sell-off. Ripple’s price could retreat to retest support at $1.9697, a key level last seen in April 2021.

You might also like: Chart of the week: XRP could jump another 12%, what to expect

The Ripple price went parabolic in November, making it one of the best-performing cryptocurrencies. 

Ripple (XRP) surged to a high of $2.50, climbing over 400% from its monthly low. This rally pushed its market cap beyond $130 billion, allowing it to overtake popular coins like Solana (SOL), BNB, and Dogecoin (DOGE).

The primary catalyst for XRP’s surge was Donald Trump’s election victory, which is expected to pave the way for more favorable crypto regulations. This development is significant as Ripple Labs has been embroiled in a legal battle with the Securities and Exchange Commission since 2020.

You might also like: Ripple’s XRP flips Binance BNB after 16% surge

The election also raised the possibility of a spot XRP exchange-traded fund by 2025. Earlier this week, asset manager WisdomTree, overseeing $111 billion in assets, filed for a spot Ripple ETF.

Crypto analysts suggest that XRP’s recent rally was largely driven by whale activity, triggering a fear of missing out among retail investors. 

In an X post, CryptoQuant CEO Ki Young Ju highlighted that whale activity on Coinbase played a significant role, as exchange premiums surged to 3%-13%. Conversely, South Korea’s Upbit exchange, which has a substantial XRP trading base, showed no such premium.

Coinbase whales are driving this $XRP rally.Over the past 30 days, Coinbase's minute-level price premium has ranged from 3% to 13% during the surge.Meanwhile, Upbit—a Korean exchange with more XRP investors than Binance—has shown no significant premium so far. pic.twitter.com/ENESB2Zrkv

— Ki Young Ju (@ki_young_ju) December 2, 2024

Santiment, a leading analytics firm, reported that wallets holding between 1 million and 10 million XRP added 671 million coins in three weeks. This marked the first increase in non-empty wallets in eight years, driven by FOMO.

🚀 XRP has skyrocketed to an astounding $2.49 market value for the first time since January 8, 2018. The 6-year (nearly 7-year) high comes as wallets with 1M-10M XRP have accumulated 679.1M tokens (currently worth $1.66B) in just 3 weeks. Also, total non-empty XRP wallets have… pic.twitter.com/bIsfOqdCQX

— Santiment (@santimentfeed) December 2, 2024

XRP price could suffer a mean reversion

XRP chart | Source: crypto.news

Ripple’s price may face a potential pullback in the coming weeks. First, the coin could experience mean reversion, as it currently trades significantly above its short- and long-term moving averages. Mean reversion suggests that assets often return to their average price over time.

Additionally, XRP’s Relative Strength Index and Stochastic Oscillator indicate overbought conditions, signaling potential weakness. Furthermore, XRP may be in the markup phase of the Wyckoff Method, characterized by high demand outpacing supply.

This phase is often followed by the distribution phase, which typically leads to a sell-off. Ripple’s price could retreat to retest support at $1.9697, a key level last seen in April 2021.

You might also like: Chart of the week: XRP could jump another 12%, what to expect

The Ripple price went parabolic in November, making it one of the best-performing cryptocurrencies. 

Ripple (XRP) surged to a high of $2.50, climbing over 400% from its monthly low. This rally pushed its market cap beyond $130 billion, allowing it to overtake popular coins like Solana (SOL), BNB, and Dogecoin (DOGE).

The primary catalyst for XRP’s surge was Donald Trump’s election victory, which is expected to pave the way for more favorable crypto regulations. This development is significant as Ripple Labs has been embroiled in a legal battle with the Securities and Exchange Commission since 2020.

You might also like: Ripple’s XRP flips Binance BNB after 16% surge

The election also raised the possibility of a spot XRP exchange-traded fund by 2025. Earlier this week, asset manager WisdomTree, overseeing $111 billion in assets, filed for a spot Ripple ETF.

Crypto analysts suggest that XRP’s recent rally was largely driven by whale activity, triggering a fear of missing out among retail investors. 

In an X post, CryptoQuant CEO Ki Young Ju highlighted that whale activity on Coinbase played a significant role, as exchange premiums surged to 3%-13%. Conversely, South Korea’s Upbit exchange, which has a substantial XRP trading base, showed no such premium.

Coinbase whales are driving this $XRP rally.Over the past 30 days, Coinbase's minute-level price premium has ranged from 3% to 13% during the surge.Meanwhile, Upbit—a Korean exchange with more XRP investors than Binance—has shown no significant premium so far. pic.twitter.com/ENESB2Zrkv

— Ki Young Ju (@ki_young_ju) December 2, 2024

Santiment, a leading analytics firm, reported that wallets holding between 1 million and 10 million XRP added 671 million coins in three weeks. This marked the first increase in non-empty wallets in eight years, driven by FOMO.

🚀 XRP has skyrocketed to an astounding $2.49 market value for the first time since January 8, 2018. The 6-year (nearly 7-year) high comes as wallets with 1M-10M XRP have accumulated 679.1M tokens (currently worth $1.66B) in just 3 weeks. Also, total non-empty XRP wallets have… pic.twitter.com/bIsfOqdCQX

— Santiment (@santimentfeed) December 2, 2024

XRP price could suffer a mean reversion

XRP chart | Source: crypto.news

Ripple’s price may face a potential pullback in the coming weeks. First, the coin could experience mean reversion, as it currently trades significantly above its short- and long-term moving averages. Mean reversion suggests that assets often return to their average price over time.

Additionally, XRP’s Relative Strength Index and Stochastic Oscillator indicate overbought conditions, signaling potential weakness. Furthermore, XRP may be in the markup phase of the Wyckoff Method, characterized by high demand outpacing supply.

This phase is often followed by the distribution phase, which typically leads to a sell-off. Ripple’s price could retreat to retest support at $1.9697, a key level last seen in April 2021.

You might also like: Chart of the week: XRP could jump another 12%, what to expect

The Ripple price went parabolic in November, making it one of the best-performing cryptocurrencies. 

Ripple (XRP) surged to a high of $2.50, climbing over 400% from its monthly low. This rally pushed its market cap beyond $130 billion, allowing it to overtake popular coins like Solana (SOL), BNB, and Dogecoin (DOGE).

The primary catalyst for XRP’s surge was Donald Trump’s election victory, which is expected to pave the way for more favorable crypto regulations. This development is significant as Ripple Labs has been embroiled in a legal battle with the Securities and Exchange Commission since 2020.

You might also like: Ripple’s XRP flips Binance BNB after 16% surge

The election also raised the possibility of a spot XRP exchange-traded fund by 2025. Earlier this week, asset manager WisdomTree, overseeing $111 billion in assets, filed for a spot Ripple ETF.

Crypto analysts suggest that XRP’s recent rally was largely driven by whale activity, triggering a fear of missing out among retail investors. 

In an X post, CryptoQuant CEO Ki Young Ju highlighted that whale activity on Coinbase played a significant role, as exchange premiums surged to 3%-13%. Conversely, South Korea’s Upbit exchange, which has a substantial XRP trading base, showed no such premium.

Coinbase whales are driving this $XRP rally.Over the past 30 days, Coinbase's minute-level price premium has ranged from 3% to 13% during the surge.Meanwhile, Upbit—a Korean exchange with more XRP investors than Binance—has shown no significant premium so far. pic.twitter.com/ENESB2Zrkv

— Ki Young Ju (@ki_young_ju) December 2, 2024

Santiment, a leading analytics firm, reported that wallets holding between 1 million and 10 million XRP added 671 million coins in three weeks. This marked the first increase in non-empty wallets in eight years, driven by FOMO.

🚀 XRP has skyrocketed to an astounding $2.49 market value for the first time since January 8, 2018. The 6-year (nearly 7-year) high comes as wallets with 1M-10M XRP have accumulated 679.1M tokens (currently worth $1.66B) in just 3 weeks. Also, total non-empty XRP wallets have… pic.twitter.com/bIsfOqdCQX

— Santiment (@santimentfeed) December 2, 2024

XRP price could suffer a mean reversion

XRP chart | Source: crypto.news

Ripple’s price may face a potential pullback in the coming weeks. First, the coin could experience mean reversion, as it currently trades significantly above its short- and long-term moving averages. Mean reversion suggests that assets often return to their average price over time.

Additionally, XRP’s Relative Strength Index and Stochastic Oscillator indicate overbought conditions, signaling potential weakness. Furthermore, XRP may be in the markup phase of the Wyckoff Method, characterized by high demand outpacing supply.

This phase is often followed by the distribution phase, which typically leads to a sell-off. Ripple’s price could retreat to retest support at $1.9697, a key level last seen in April 2021.

You might also like: Chart of the week: XRP could jump another 12%, what to expect

If you’re under the impression that this is just the beginning of a crypto bull market, it’s time to face the facts: we’ve moved beyond the early stages and are fully immersed in Phase 4—Altseason Frenzy. This is the stage where fortunes can be made or lost, and failing to adapt your strategy now could leave you stuck at the top.

🔴 Phase 4: The Altseason Frenzy

This is the most exhilarating—and dangerous—phase of the market cycle. Capital floods into altcoins of all sizes, driving parabolic gains. Bitcoin's dominance declines, and the spotlight shifts to altcoins. While it may feel like a golden opportunity, this phase is rife with risk, driven by FOMO and speculative bubbles.

🚨 What Defines Phase 4?

1. Bitcoin and Ethereum Slow Down: BTC and ETH move sideways or stagnate.

2. Altcoin Explosions: Unknown coins post gains of 400%, 500%, or more within days.

3. Hype Everywhere: Social media is flooded with stories of quick riches, fueling the frenzy.

4. Scattered Liquidity: Funds pour into projects with little intrinsic value, pumping unsustainable gains.

5. Irrational Movements: Prices defy logic, luring traders into overvalued positions.

🛑 Why This Phase Is So Dangerous

Liquidity Spread: Funds scatter across projects, many with questionable fundamentals.

Speculative Bubbles: Unsustainable valuations increase the risk of sharp corrections.

Momentum Risks: The longer the frenzy continues, the higher the chance of a sudden reversal.

📊 Signs You’re in Phase 4

Altcoins you’ve never heard of are making 400%-600% gains.

Bitcoin dominance takes a back seat as liquidity shifts to altcoins.

BTC and ETH appear stuck in neutral while smaller coins steal the spotlight.

🔑 How to Navigate Phase 4

1. Lock in Profits: If you’ve been holding since the early stages, start securing profits now.

2. Avoid FOMO: Don’t chase coins that have already gone parabolic—they’re primed for corrections.

3. Focus on Undervalued Gems: Look for coins with solid fundamentals that haven’t yet surged.

💡 What Comes Next?

As December approaches, altcoins are expected to maintain their momentum. By mid-January, Bitcoin might finally break out of its sideways range for a final rally. However, the bull market’s end is likely near, with April 2025 marking a potential top. After that, prepare for a prolonged correction phase, with the next market bottom anticipated in early 2029 around $35,000.

🚀 Your Strategy for Altseason

The current altseason is packed with opportunities—but it’s also the most precarious phase. The key is to trade strategically, take profits incrementally, and avoid becoming the last buyer in a speculative bubble. Stay disciplined, plan your moves, and don’t let the hype cloud your judgment.

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