The XRP price dropped 5% in the last 24 hours to trade at $2.29 as of 00:58 a.m. EST on trading volume that surged 78% to $7.5 billion.
This comes as top Ripple executives met with President-elect Donald Trump. Ripple CEO Brad Garlinghouse shared a picture of the firm’s senior executives with Trump, saying, “Great dinner with Donald Trump and Stuart Alderoty. Strong start to 2025!”
Great dinner last night with @realDonaldTrump & @s_alderoty.
Strong start to 2025! pic.twitter.com/UjM6lahUG4
— Brad Garlinghouse (@bgarlinghouse) January 8, 2025
The dinner comes on the eve of a crucial SEC vs. Ripple case deadline. The SEC is expected to file its appeal-related opening brief by January 15 if it plans to challenge the Programmatic sales of the XRP ruling.
In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test.
Meanwhile, Ripple and Chainlink have announced a strategic alliance to increase the use and acceptance of Ripple USD (RLUSD), the company’s enterprise-grade stablecoin.
🔥 BREAKING: @Ripple partners with Chainlink to enhance $RLUSD stablecoin functionality, leveraging real-time price data for secure and seamless DeFi interoperability. $XRP is going mainstream 🚀 pic.twitter.com/iTCZ1jIsWB
— EDO FARINA 🅧 XRP (@edward_farina) January 7, 2025
XRP Price Gears Up Towards A Bullish Rally
The Ripple Token price chart exhibits a distinct bullish trend that emerged in early November 2024, culminating in a sharp rally toward the $2.50 mark in December.
The steep upward movement during this rally is reflected by the near-vertical price increase, indicating strong buyer interest.
Following the rally, the XRP price entered a consolidation phase, forming a classic falling wedge pattern characterized by lower highs and lower lows. This type of pattern generally signals indecision in the market and often acts as a continuation pattern in a bullish trend.
The current price of XRP at $2.29 is near the wedge’s apex, suggesting an impending breakout is likely, according to GeckoTerminal data.
The Relative Strength Index (RSI) stands at 52.58, indicating neutral momentum. It has cooled off significantly from overbought levels observed during the November rally.
This reset suggests that XRP has room to move higher without facing immediate overbought pressures, assuming bullish momentum resumes.
Ripple Price Prediction
Based on the current setup, the Ripple token price is at a critical juncture. A breakout from the falling wedge triangle could result in a strong upward move, potentially targeting $3.00, which aligns with the projected height of the wedge added to the breakout point.
Conversely, if the price of XRP breaks below the 50-day SMA and the lower trendline of the triangle (around $2.10), bearish momentum could push the XRP price toward the $2.00 psychological level or even the $1.80 zone.
Meanwhile, investors are also buying the cat-themed crypto Catslap ($SLAP), which CryptoBro, a popular YouTuber with over 134K subscribers, has called one of the best opportunities in meme coins right now.
Catslap Price Up 27% In 7 Days As Season 1 Nears End
Catslap ($SLAP) maintains its bullish streak, surging 27% in the past week. Now trading at $0.00296045, $SLAP continues to capture the spotlight as its growing community rallies behind the innovative Slap-to-Earn protocol.
Early adopters have already reaped gains of 3,000%, and Catslap’s aggressive burn and buyback strategies—totaling $1.52 million burned and $918,000 in buybacks—underscore the team’s dedication to driving price growth.
The community has hit a milestone of 2.5 billion slaps, with Season 1 ending in less than 2 days. The upcoming airdrop will reward the top 10 leaderboard participants, each earning $10,000 USDT, while runners-up will also receive rewards.
The Zealy Community Slapdrop Campaign offers additional tasks and leaderboards for users to climb. To join:
Hold $SLAP.
Complete the “Best Wallet Address” quest on Zealy.
Move over dog coins, CatSlap Token is here to $SLAP the competition! 🐱💥
👉 https://t.co/ZIDmdSREXm
💸 Earn $SLAP while having a blast in the slap-to-earn game.
🔥 Burn campaigns every milestone = maximum value.
🌍 Global Slapometer to rep your country and dominate!
🏆… pic.twitter.com/34di8W5UUs
— Nigatzu.eth (@basedhodler_) December 14, 2024
In the last 24 hours alone, buybacks reached $110,908 (37,788,074 $SLAP), with a staggering 64.37 million slaps recorded. The token now boasts a robust base of 21,260 holders.
Additionally, inventors can’t stake their SLAP tokens for a staggering 30% APY.
With deep liquidity, ongoing buyback initiatives, and a rapidly growing community, Catslap has solidified its position as one of the hottest meme coins in the market.
To be a part of this revolution, buy your $SLAP tokens here.
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