The current price of XRP has increased significantly. On December 17, 2024, XRP was trading at around $2.6368, up 10.30% in the last 24 hours.
This increase was influenced by several factors, including the launch of the RLUSD stablecoin by Ripple. This launch attracted the attention of investors, as seen from the inflow of XRP to the exchange reaching US$28 million, indicating potential selling ahead of the launch.
However, technical analysis shows selling pressure that could cause a temporary price decline. The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum, with the MACD line below the signal line, indicating increasing downward price pressure.
Overall, despite the potential for short-term fluctuations, the launch of RLUSD and other positive developments could push the price of XRP to new highs in the long term.