XRP JUMPS 13% AHEAD OF RIPPLE STABLECOIN LAUNCH. saw its price jump 21% over the last seven days and 13% over the last 24 hours, trading at $2.69 as of press time—just as the Ripple USD (RLUSD) stablecoin launches on the network.
XRP was launched by the co-founders of Ripple Labs in 2012, but the company has gone to great lengths to stress that it is not the issuer of the token. Still, crypto traders know there’s a link and tend to consider good news for Ripple Labs, like its new stablecoin being approved by New York regulators, as an indicator that the XRP price will go up.
Founder of Obchakevich Research Alex Obchakevich told Decrypt that “XRP has the largest growth over the past week among the top 10 cryptos” with its growth significantly overtaking Bitcoin’s 10% gain over the same timespan.
“XRP has been consolidating in this bull flag for a while, but once it clears the $2.60 resistance, I think it’s off to the races, heading toward $4,” he added.
Over-the-counter trading desk principal at Wintermute, Jake Ostrovskis, told Decrypt that “XRP has benefited from being 'known' in retail circles, whilst bullishness around the new U.S. administration is leading traders to front-run a potential ETF [exchange traded fund] launch.”
The comments follow a late November filing by New York asset manager WisdomTree, making it the latest firm to register its interest in launched an XRP spot ETF product.
Adam O'Neill, chief marketing officer at Bitrue exchange, told Decrypt that “with XRP ETFs also a likely event in 2025 we would anticipate a new all-time high for this coin by end of Q1 at the latest.”
He also added that the platform expects “a boost in demand for XRP through 2025 because so many pieces are falling into place.” He highlighted how the firm’s battles against regulators “now appear to be a thing of the past” and XRP is “set to be a major beneficiary from Trump's pro-crypto administration.”
#xrpsucess 🏆🏆🏆 CNBC RANKS XRP AS BIGGEST WINNER IN TRUMP- LED CRYPTO RALLY.
XRP Outperforms the Broader Crypto Market
In XRP news today, CNBC has closely followed XRP’s incredible performance, labeling the asset as the biggest winner of the Trump-led crypto rally. According to its recent analysis, CNBC claimed XRP has surged by 370% since Trump emerged victorious in the election.
XRP Volume Soars 5.4%
Currently, XRP is trading at $2.41, down 0.97% over the past 24 hours and 3.10% in the past week. Conversely, the token’s volume has increased slightly by 5.4% in the past day to $6.78 billion.
Most of XRP’s trading in the past day occurred on Binance, with the exchange accounting for $884.13 million of the total volume.
South Korea’s largest crypto exchange, Upbit, ranked in the second position, boasting $700.82 million in XRP volume. Coinbase and KuCoin followed suit, with XRP volumes of $407.86 million and $249.68 million, respectively.
#Shibainuholder ⚡⚡⚡ Can Shiba Inu Price Hit ATH This December? The Crypto expert tweeted that SHIB is currently facing a crucial price zone between 0.000027 and 0.000030. According to the analysis, this level holds the key to the asset’s next big move.
According to the analyst, if SHIB is able to overcome this level of resistance it is set to soar towards the earlier high of its price. It appears that a bull formation is developing, which may lead to a penetration of the upper border in the nearest future.
The expert pointed out that buyers have to break through the 0.000030 barrier for the momentum to pick up. If this happens, there will be a price jump that will attract investors in the market.
With positive market sentiment, a breakout could trigger the anticipated upward move, paving the way for significant gains rally to $0.00008845 ATH seen in back 2021 bullish run.
ONCHAIN DATA SHOWS WHALE,WHO ONCE HAD $240 MILLION IN ASSETS,BOUGHT THIS ALTCOIN. According to Onchain data, a crypto whale has purchased a new altcoin.
Data shows that this crypto whale purchased 189.55 million BEAM for a total of $6.7 million over the past day, paying 1,458 WSTETH. The average price at which the whale purchased was recorded as $0.03515.
This whale spent a total of $35.7 million to purchase four more tokens as of December 1. The whale’s transactions are listed as follows:
FTM worth $13.5 million – currently at a loss of $181k
PEPE worth $11.04 million – Currently at $1.94 million profit
BEAM worth $6.7 million – currently at $91k profit
AERO worth $4.43 million – Currently at $699k profit
At the time of writing, the whale’s wallet holds $36.1 million in assets. However, the whale’s wallet has lost $1.51 million in the last 24 hours. This wallet once held $240 million worth of cryptocurrency.
🔥BREAKING:TRUMPS CRYPTOCURRENCY PROJECT ALLEGEDLY BOUGHT THIS BINANCE LISTED ALTCOIN.
According to the latest development, US President Donald Trump's cryptocurrency project World Liberty Financial allegedly purchased $500,000 worth of ENA tokens.
The ENA price, which is also listed on Binance, experienced a pump following the development. $ENA
Crypto Whales Are Buying the Dip: BTC, ADA, XRP, DOGE See Huge Moves. Cardano Whales Return Strong
#Cardano (ADA) has been on a remarkable run, doubling its value over the past month. However, the last week saw a 4% decline, hinting at some short-term selling. Martinez reports that Cardano whales have been especially active in the past 48 hours, purchasing over 80 million ADA tokens. Despite a 6.22% price drop, with ADA currently at $1.14 per token, large investors are undeterred.
#Dogecoin Is Raising the Bar!
Dogecoin (DOGE), a popular meme coin, has struggled to break above the $0.50 mark. Still, whales are taking advantage of the market dip. Martinez highlights that investors holding between 10 million and 100 million DOGE tokens bought an impressive 210 million DOGE during the correction.
Despite a 4.7% decline in price, leaving DOGE at $0.402, whales remain optimistic about its future growth, even as the token’s volatility continues.
#XRP Draws Strong Whale Interest
XRP, the third-largest cryptocurrency, has dropped 5% today, now trading at $2.43. But that hasn’t stopped whales from stepping in. Wallets holding between 1 million and 10 million XRP tokens bought over 100 million XRP during the dip. This whale activity shows strong confidence in XRP’s future, despite ongoing price fluctuations. With fears of SEC actions fading, investor sentiment toward XRP is improving, pointing to its long-term resilience.
MAJOR TWIST IN SHIBA INU(SHIB) BURN RATE CAN TRIGGER PRICE SURGE. Burn rate activity and its implications
Per a post on X, Shibburn provides hourly and weekly burn activity and price performance for the meme coin. With the total supply of SHIB at 589,257,293,677,689 and the low price, the community has contributed to the deflationary mechanism.
The daily burn rate shows 2,242,442 SHIB were sent to dead wallets in the past 24 hours, representing 81.06%. However, on a weekly basis, the burn rate overall appears lower at 96.91%, with 87,892,567 SHIB incinerated.
TOKENS BURNT Past 24Hrs: 2,242,442 (-81.06% ▼) Past 7 Days: 87,892,567 (-96.91% ▼)
— Shibburn (@shibburn) December 14, 2024
This suggests that lower burn activities were carried out for the week to stabilize supply and price performance.
Market analysts say this could signal that public sentiment may be triggered as investors and traders witness efforts by the community to engage in burn activity. Notably, the drop in burn rate over the week signals that the deflationary mechanism has an effect, hence the decline.
The overall outlook could indicate to investors a likely price appreciation and confidence to bet on the meme coin. Such a move could trigger a price surge for SHIB if sustained.
Outlook for SHIB amid broader market dynamics
As of this writing, SHIB is exchanging at $0.00002811, representing a 0.45% increase in the last 24 hours. Although market volume remains down by 23.47% at $831.44 million, the price appreciation indicates a shift in momentum.
SHIB has been on a rebound journey over the week after it plunged below a critical support level of $0.000032. Despite crashing to a low of $0.00002447, the burn activity has supported its climb back up.
Overall, the retracement in the broader crypto sector could also support triggering a surge for SHIB.
#Shibainuholder CAN SHIBA INU PRICE RALLY SOAR TO $1 AS BURN RATE JUMPS?
Shiba Inu price continued to consolidate this weekend even as some cryptocurrency analysts remained optimistic.
Shiba Inu (SHIB), the second-biggest meme coin in crypto, was trading at $0.00002812, up by 163% from its lowest level in August.
Some analysts predict that Shiba Inu was on the cusp of a strong bullish breakout in the coming weeks. In an X post, SHIB Mortal, predicted that the coin would jump to $1 in this bull run.
Shibainu #SHIB Is Going Past $1.00 This Cycle.
If You Agree Follow, Like & ReTweet pic.twitter.com/2DcuoglsNj
— SHIB Mortal (@SHIBMortal) December 5, 2024
Similarly, Daink, a popular trader with over 88k followers, expects the coin to have a strong bullish breakout. He cited its strong technicals on the monthly chart.
One of the most cited bullish catalysts for Shiba Inu price is its ongoing token burn. According to ShibBurn, the 24-hour burn rate rose by 425% to 71,122,860 coins. These burns brought the total number of burnt Shiba Inu coins to over 410 trillion. Those in circulation are over 584 trillion.
You might also like: 4 charged cryptos with potential to invest $1k in and make $100k in no time
A token burn is a situation where coins are moved from circulation by being transferred to an inaccessible address. In Shiba Inu’s case, some of these tokens comes from its ecosystem like Shibarium and ShibaSwap.
Shibarium is a relatively new layer-2 network that has handled over 645 million in transactions. It has over 2.01 million addresses, and its average block time is 20.9 seconds. Some of the BONE fees made in Shibarium are converted to SHIB and burnt.
Another potential catalyst for the Shiba Inu price is that investors are moving their tokens from exchanges. The total tokens on exchanges has dropped by 1.73% in the last seven days to 258.19 trillion.
The price of XRP has both impressed and suffered a blow over the past month. From a low of $0.7726, the coin jumped as high as $2.86, short of the historic $3 resistance. With the coin entering a consolidation phase over the past few weeks, the coin is pushing for a major breakout.
Recently, the XRP price has retested and survived new price lows, establishing a solid support wall around the $2 price mark. Amid the uncertainty in the broader market, XRP has recorded some intense sell-off attempts as the market battled intense liquidations on at least two occasions over the past three weeks.
However, XRP has stayed resilient, with core on-chain metrics staying bullish. As of writing, the XRP trading volume is up 9.33%, with over $10 billion coins traded in 24 hours. With the coin’s rebound potential, chances of finally retesting the $3 horizon remain visible.
Bullish fundamentals to watch
Amid the expectations of a change in regulations in the United States, many asset managers have filed applications for a spot XRP ETF. If approved, the XRP ETF product will open XRP to more investors under regulated conditions.
Just as this product triggered an intense capital influx into Bitcoin and Ethereum, it may do the same for XRP. It could boost the coin's price in the long term.
Meanwhile, Ripple Labs Inc. has also secured approval to launch the RLUSD stablecoin from the New York Department of Financial Services (NYDFS). This stablecoin is poised to boost the liquidity of XRP, a development that can also boost the coin’s price.
#WhalesBuying CRYPTO WHALES BOUGHT THESE ALTCOINS IN THE SECOND WEEK OF DECEMBER 2024.
1.Aave (AAVE)
AAVE, the token of the decentralized lending and borrowing platform, tops the list of the altcoins accumulated by crypto whales this week. Data from IntoTheBlock shows AAVE’s large holders’ netflow, a metric tracking whale activity, stood at just under 4,000 on December 11.
As of this writing, that figure has climbed to 87,860, indicating that crypto whales increased their exposure to the DeFi token. At the altcoin’s current value, this accumulation indicates that whales bought about $35 million worth of the token.
This purchase seems to have influenced AAVE’s price, which has risen by 42% over the past seven days, now trading at $370.34. In addition to whale activity, the price surge may be connected to Donald Trump’s crypto project reportedly acquiring the altcoin.
2.Virtuals Protocol (VIRTUAL)
VIRTUAL, the native token of the AI protocol built on the Base chain, is also one of the altcoins crypto whales bought this week.
According to Santiment, addresses holding between 100 million and 1 billion VIRTUAL tokens accumulated a lot of the altcoin. For instance, yesterday, December 12, the balance held by these addresses was 145,000 tokens.
Today, that number has increased to 6.44 million, indicating that crypt whales purchased about 6.30 million VIRTUAL tokens, valued at nearly 15 million. As a result, VIRTUAL’s price reached a new all-time high, with its trading volume exceeding $220 million.
3.Ondo (ONDO)
On today’s list of altcoins crypto whales bought is ONDO, the token with fundamentals in Real World Assets (RWA) tokenization. This week, on-chain data from IntoTheBlock showed that whales’ accumulation of ONDO climbed by 7.34 million
As a result of this buying pressure, ONDO’s price gained 17% this week. If crypto whales continue to purchase the altcoin, then the value could rise above $2.
#TrumpInPump 💫🪙💥🎉 Trump Pump: 5 Meme Coins to Watch for the Rest of 2024.
Peanut the Squirrel
The big winner of the week has been Peanut the Squirrel (PNUT) - rising 1600% in the past week and up 260% over the course of one day at the time of writing. This token is a newcomer to the crowded world of meme coins, but quickly making its name well known. The pump is only logical, given the outsized role the real Peanut the Squirrel took in the election and in Trump’s campaign, receiving a shout out from JD Vance at a rally.
Dogecoin
The dog days are not over, as Dogecoin (DOGE) flew up over 115% in a week's time. The recently announced Department of Government Efficiency (D.O.G.E.), to be headed by none other than Elon Musk himself, means that DOGE’s biggest fan and promoter is taking the helm of his very own governmental department - and putting the coin directly in the spotlight.
Pepe
Those who said memecoins like Pepe (PEPE) were bound to croak are biting their tongues after seeing Pepe’s constant rise. The coin has been jumping off the charts, up almost 100% in one week.
Milady Meme Coin
Does everything Elon Musk touches turn to gold? That might be the case with the Milady Meme Coin (LADYS), which received a shoutout from the entrepreneur and crypto guru that pumped the value of the coin back a couple of years ago. But that aura of success has not left the coin, pushing up the token price a whopping 83% in under a week.
Bonk
Bonk is another relative newcomer to the meme coin party, and it had some dramatic peaks and falls in the past year. But this past week has been kind to Bonk (BONK) with a solid 75% rise over the past seven days and approaching an all time high.
The industry continues to hold its breath as these coins reach new highs and defy the critics. Everyone will be closely watching these tokens, and meme coins in general, as the world inches closer to Trump taking office this coming January.
#DogecoinCommunity 💥💥💥💫 DOGECOIN PRICE FORMING DOUBLE BOTTOM:$1COULD BE NEXT. Will Dogecoin Price Hit $1 After Forming A Double Bottom Pattern?
A crypto analyst recently tweeted that Dogecoin price has formed a double bottom on its chart. This pattern, often associated with bullish momentum, could signal a potential rally that might take the cryptocurrency to the $1 mark.
The double bottom is a common technical chart pattern, resembling the letter “W.” It occurs when an asset’s price drops, rebounds, and drops again to form two distinct lows at roughly the same level. The pattern indicates that sellers have lost momentum, and buyers might be gaining control.
In Dogecoin’s case, the two lows were marked at approximately $0.37. After testing this support level twice, the price rallied to breach the neckline, a key resistance level near $0.46. Breaking this neckline often confirms the pattern and suggests further upward movement.
As of now, Dogecoin’s price shows strength, trading significantly above the neckline. This bullish breakout could indicate a continuation of its momentum, potentially driving the price closer to $1.
The double bottom is often seen as a reversal pattern, signaling the end of a downtrend. If Dogecoin maintains its momentum, the double bottom might be the catalyst for a significant rally.