A market strategist insists that the skepticism from the recent XRP downtrend is all noise, as the asset is currently retesting a notable price mark.

XRP participated in the broader market capsize today as hawkish news from the Federal Reserve Chair Jerome Powell continues to drive caution among investors. The fourth-largest cryptocurrency is down by almost double digits in the past 24 hours, nearing sub-$2.

Amidst the growing skepticism, market expert Egrag Crypto has reassured the XRP community. In a Friday tweet, the seasoned analyst insisted that XRP remains on course from a technical standpoint, describing the saga as “simply noise.”

XRP Market Update

Per the commentary, XRP is simply retesting the December 10 low. For context, on that date, the digital asset dropped below $2 for the first time in ten days but rebounded strongly to close at $2.3709. The analyst stressed that even a drop below $1.9 is not a cause for concern.

Meanwhile, Egrag suggested that the retest could spark bullish momentum for XRP if the price recovers from the region. He stated that XRP could form a bullish double bottom on the higher timeframes, sparking a bounce to new highs.

Furthermore, Egrag asserted that XRP may be entering a macro range, where the price would fluctuate between $2.00 and $2.90. The analyst noted that the XRPL native token followed a similar course before now, previously ranging between $0.5 and $1.00 for months before the recent breakout.

Analyst Says XRP is the Better Altcoin to Play

Additionally, analyst DonAlt has speculated that XRP is the better altcoin to play in the current market. However, he noted this would be the case if Bitcoin’s surge to $107,000 was not its cycle top.

While admitting that the recent dump made all altcoins cheap, he noted that an XRP buy would be the best move at this point. Notably, he did not place an XRP price target, but other seasoned speculators have asserted further upsides to $4.6 and an ambitious $35.

Meanwhile, XRP trades at $2.1780, recovering sharply from a drop to $1.9601. However, the asset is down 8.34% in the past day and 10.62% over the last seven days.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Ripple’s History with Stablecoins

Garlinghouse revealed that Ripple has utilized stablecoins, particularly USD-backed ones, for years to optimize its payment solutions. He stated that Ripple had been responsible for minting 20% of the total supply of USDC, the popular stablecoin issued by Circle.

This underscores Ripple’s early recognition of stablecoins as a valuable tool in cross-border payments, particularly in situations where they provide greater efficiency than other digital assets or traditional currency pairs.

He added that Ripple has leveraged various stablecoins, including USDC and Tether (USDT), depending on specific corridors, customer needs, and operational efficiency. This history demonstrates Ripple’s flexibility in adopting technologies that enhance its payment solutions and address diverse institutional requirements.

Ripple’s Stablecoin Launch and Market Growth

Garlinghouse highlighted Ripple’s decision to launch its stablecoin, RLUSD, on the XRP Ledger. This move aligns with the company’s strategy to expand its offerings for institutional clients and maintain its competitive edge.

According to Garlinghouse, the global stablecoin market, valued at around $120 billion when Ripple decided to enter, has grown to nearly $200 billion and is projected to reach several trillion dollars in the coming years.

The launch of RLUSD is anticipated to benefit from emerging regulatory frameworks for stablecoins. By focusing on compliance and leveraging Ripple’s trusted reputation among financial institutions, RLUSD is positioned to complement XRP, creating a more comprehensive ecosystem on the XRPL.

The Role of XRP and the XRP Ledger

Garlinghouse emphasized that the XRP Ledger remains central to Ripple’s mission. He described the XRPL as one of the most efficient, trusted, and utility-driven blockchains in the market. The integration of RLUSD aims to enhance the ledger’s appeal to institutions, providing a stable and efficient mechanism for transactions.

Garlinghouse also addressed the broader potential for stablecoins denominated in currencies other than the US dollar, such as the euro and yen. While the US dollar remains dominant, he suggested that diversification in stablecoin offerings could follow market demand.

As the stablecoin market grows, Ripple’s dual focus on XRP and RLUSD positions the company to play a significant role in the next phase of digital financial infrastructure. This strategic alignment underscores Ripple’s commitment to innovation and its vision for a more efficient global payments ecosystem.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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Markets are showing classic bull run behavior with these wild swings we’re seeing. The Fed’s dovish stance has certainly stirred the pot, but remember - in crypto, volatility is our bread and butter.

That said, we need to trade smart, not just ride the hype. 🎢
Looking at the technicals, #RSI readings need careful interpretation in this environment. 📊 While traditional markets consider RSI above 70 as overbought, crypto can sustain these levels much longer during strong bull trends. I’ve seen RSI hover above 80 for weeks during previous crypto bull runs.
RSI Divergence
However, when you spot RSI divergence (price making higher highs while RSI makes lower highs), that’s still a reliable warning sign. ⚠️
The surge in #Xrp #Sol and #Doge Dogecoin is giving me flashbacks to 2021. 🚀
While these pumps can be profitable if you time them right, they’re often warning signs of market froth. The rise of worthless memecoins is a late-cycle indicator (remember nfts?) - when your neighbor’s dog gives crypto tips, it’s time to tighten those stop-losses. 🐕
Key things I’m watching: 👀
Volume patterns - Are buying volumes decreasing while prices rise? Classic distribution pattern. 📈Weekly supports - These are crucial levels during pullbacks in a bull market. 📉Bitcoin dominance - When it drops too quickly, it often precedes market-wide corrections. 👑
For position sizing, I’m running tighter than usual. This bull market has legs, but pullbacks can be savage. Better to catch 70% of a move with good risk management than blow up your account trying to catch tops and bottoms. 💼
Remember, the market will give us plenty of opportunities. No need to FOMO into every pump. Stay liquid, stay rational. 🧠
How are you positioning yourself in this market? Are you seeing any particular indicators that catch your eye?
#MarketPullback 🚀

Ripple’s XRP has recently surged over 115% in just one month, fueling speculation and optimism in the cryptocurrency community. This momentum has sparked bold predictions, with some experts eyeing a potential price target of $18 for XRP within the current market cycle, anticipated to peak by 2025.
XRP's Post-Election Rally and Market Dominance
XRP has become one of the top-performing cryptocurrencies, boasting a staggering 310% increase over the past year. This impressive growth solidifies its position as the third-largest cryptocurrency, with a market capitalization of $140 billion, trailing only Bitcoin (BTC) and Ethereum (ETH).
The RLUSD Launch: A Potential Game Changer
Ripple’s growth is supported by significant developments, including the announcement of RLUSD, a Ripple-backed stablecoin set to launch on December 17, 2024. RLUSD has already received regulatory approval from New York authorities, positioning it as a disruptor in the $203.5 billion stablecoin market.
The stablecoin is designed to enhance XRP’s utility in cross-border payments, a market Ripple has long sought to dominate. Major exchanges such as Uphold and Bitstamp are gearing up for RLUSD’s release, further strengthening its adoption prospects.
Can XRP Reach $18?
Despite XRP’s recent growth, it still trades 20% below its all-time high of $3.40, recorded in January 2018. However, the combination of RLUSD’s rollout, increasing utility in global transactions, and a potential crypto bull market could drive XRP toward the $18 target.
Key factors supporting this prediction include:
1. Regulatory Clarity: Ripple’s legal victories and increasing compliance with global regulators could boost investor confidence.
2. Broader Adoption: RLUSD’s success could increase XRP’s use in remittances and institutional transactions.
3. Market Cycles: Historically, altcoins like XRP have seen exponential growth during crypto bull markets.
While reaching $18 by 2025 is an ambitious goal, Ripple’s innovative developments and the broader market dynamics make it a possibility worth considering.
Conclusion
Ripple’s XRP is on a promising trajectory, supported by strong fundamentals, innovative product launches, and a growing market presence. Whether it can hit the $18 mark depends on the success of RLUSD, regulatory progress, and the overall performance of the crypto market. Investors will be closely watching Ripple as it navigates this exciting chapter.

#RLUSD
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Ripple's XRP demonstrated impressive momentum, surging beyond $2.71 on December 17 following the highly anticipated launch of the RLUSD stablecoin. However, the rally faced a temporary pullback, with XRP currently trading around the $2.55 mark. Despite the slight dip, the market structure remains favorable, with strong support identified near $2.40.
Key Support and Resistance Levels
A micro support zone has emerged between $2.55 and $2.62, offering stability in the short term.
The third wave of the current rally appears to be unfolding, with an ideal target of $2.81 in sight. For this bullish trajectory to hold, XRP must maintain support above existing levels. A deeper pullback could still occur but would remain within the range of micro structures.
Bullish Momentum and Breakout Potential
The third wave's extension sets the stage for waves 4 and 5, which could drive XRP closer to retesting its all-time high. Although the price movement isn't as impulsive as previous rallies, the current support levels are holding strong, signaling sustained bullish sentiment.
Breakout Target: $3.80 in Sight?
According to Josh of Crypto World, XRP is showing robust support around the $2.00 mark, where prior resistance has now flipped to support. The price has successfully confirmed a bullish breakout from a bull flag pattern, and recent higher highs reinforce this trend.
The projected price target for this bull flag breakout stands at $3.80, representing a potential 40% to 60% increase from the breakout point. If support levels continue to hold and bullish momentum persists, XRP may be poised for a significant rally in the weeks ahead.
Conclusion
XRP's current market structure suggests an optimistic outlook, with the potential to reach $3.80 and beyond. Investors should monitor the $2.40 support level and the ongoing development of the third wave, as these will be critical indicators of the next significant move.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making investment decisions.
Would you like me to design a visual with highlighted keywords like “XRP Price Prediction,” “$3.80 Target,” or “Bullish Momentum”? Let me know!
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