Between Sunday, December 25, and the time of writing, XRP whales have accumulated $2.17 billion worth of tokens. This massive buying has sparked speculation that the XRP price could be ready to hit a new high with just a few days left before the year ends.
However, amid the buying spree, on-chain data shows that some crypto whales are also selling. What does this mean for the XRP price?
The increased exchange flow suggests mixed activity, with selling pressure slightly offsetting the buying momentum.
A breakout of the bullish flag pattern could push XRP price to $3.50, but heavy whale selling threatens a drop to $1.98.
$XRP XRP is leading the Trump bull run. But can it really sustain it?
The rally could extend to $3.50. However, the bears are trading at $2.91, and they are ready to fight tooth and nail to prevent the price from rising.
XRP’s secret sauce may be its unique consensus mechanism. Unlike Bitcoin’s energy-intensive proof-of-work or Ethereum’s proof-of-stake, XRP uses a cheaper, more efficient method.
Hogan points to this as a fundamental strength, saying it’s the reason XRP has survived boom-and-bust cycles that would have buried less resilient projects. “This technology works and it works at a low base cost,” he said.
The problem? XRP’s real-world use hasn’t taken off as its proponents had hoped. Critics argue that Ripple’s focus on business-to-business solutions puts it in a strange position, especially when regulators have a sword hanging over its head.
$BTC 🛑🛑🛑🛑 Bitcoin (BTC) Eyes Potential 11% Drop as Bearish Signals Strengthen
Bitcoin (BTC) reached an all-time high on December 17 but is still 5% below the $110,000 mark. Indicators such as ADX and NUPL are pointing to a slowdown in bullish momentum, suggesting a potential shift in market sentiment.
BTC price could test the support level at $94,000, and if it fails to hold, prices could drop further to $90,000, marking a potential retracement of 11.7% from current levels. $ADA $XRP
$XRP $ETH $SOL Cryptocurrency Market Sees Over $1.1 Billion Liquidated in 24 Hours
The cryptocurrency market has lost over $1.1 billion in just 24 hours, mostly from traders betting on price increases. Bitcoin and Ethereum were the hardest hit, while Dogecoin, XRP, and Solana were not spared from the chaos either. Binance saw the most movement, with nearly $200 million in liquidations, mostly from traders who were long.
$ADA $XRP $SOL The Next Big Crypto? Dogizen Is Poised to Take Off Amid Top-tier Partnerships
The altcoin season we’ve all been waiting for has finally come to an end, and there’s one token that looks like the next big crypto to hit 100x. Telegram gaming platform Dogizen has made a splash and is offering those who invest today a 41.56% gain before the presale ends.
Since Dogizen is Telegram’s first-ever ICO and benefits from multiple partnerships with dynamite names in the Telegram space, 2025 is a good time to acquire Dogizen. Here’s Why
Planned for early 2025, this marks a strategic shift after regulatory hurdles since 2023. Interim CEO Norman Reed reassures users, highlights platform’s resilience under SEC scrutiny. Binance Global Focuses on International Growth, with CEO Calling Discussions of Returning to the US “Premature.”
$ETH Ethereum ETH Technical Price Forecast and Key Buying Levels
Ethereum prices declined after the Fed signaled a slowdown in interest rate cuts, increasing corrective pressures.
Despite the decline, the positive momentum remains, making the decline an opportunity to buy, whether for speculation or investment.
The maximum possible decline could stop at the 38.2% Fibonacci level at $3,300.
On the other hand, the support level formed by the lower limit of the ascending price channel and the 23.6% Fibonacci correction level at $3,580 is likely to hold, and the price will return to rise towards $4,000.
If it is able to break through it and the daily candle closes above it, we will witness a new wave of rise towards higher levels.
$ENA Ethena (ENA) Defies Altcoin Collapse, Shines as Top Gainer
Ethena (ENA) price surged 8.50% in the past 24 hours, becoming the best performing altcoin among the top 100. Notable whale accumulation and collaboration with Donald Trump’s WLFI have helped the cryptocurrency rally. ENA is trading inside an ascending channel; With strong on-chain support, the price could surge above $1.36 soon
$HBAR $XRP $ADA Binance User Base Survey 2024 – Memecoins Overtake Bitcoin
Binance users own more meme coins than Bitcoin. Binance users expect AI tokens to dominate the market next year. The survey found that 45% of respondents are joining the crypto space in 2024.
$BTC $XRP $BNB Why Robert Kiyosaki Urges Investors to Act Now, Predicts Bitcoin to Hit $350K by 2025
Robert Kiyosaki predicts Bitcoin to hit $350K in 2025. US President Donald Trump renews hope for crypto community. Kioosaki urges young people to help baby boomers reevaluate their investments and consider Bitcoin.
$BONK BONK Market Cap Drops $1.80B Amid Meme Coin Struggles
The meme coin BONK has lost $1.8B in market cap in 30 days, coinciding with a 34.11% price drop to $0.000034. Experts suggest: Downward pressure on BONK continues due to persistent negative sentiment and low trading volume. BONK could drop to $0.000025 unless bulls defend the $0.000030 level. A bounce could push it to $0.000042. $PEPE $DOGE
$ADA Cardano (ADA) price faces hesitation after 52% surge in a month Cardano is up 52% in 30 days, but technical indicators are showing hesitation and weak momentum ahead. DMI, Ichimoku Cloud, and EMA lines suggest that ADA is still rangebound, with no clear buying or selling pressure. A break above $1.18 could signal gains, while failure to hold $1.03 support risks a 17% decline to $0.91.
$HBAR Hedera (HBAR) Price Faces Resistance as Upside Momentum Fades
Hedera price is up 220.70% in 30 days, but a weak ADX indicator suggests a loss of momentum and a shift into range trading. A bearish Ichimoku Cloud setup and key resistance levels suggest selling pressure and challenges for a bullish reversal. HBAR should hold support at $0.275 to avoid a drop to $0.23 or $0.17, with resistance at $0.33 for a potential upside continuation.
$PENGU PENGU Token and Pudgy Penguins NFTs Drop 50% After Free Drop PENGU token dropped 50% after its launch on Solana. Pudgy Penguins NFTs also saw a sharp drop in floor price as owners sold out. Over 20% of PENGU’s supply was liquidated, reflecting $9.3 million in sales. According to CoinGecko, the floor price of the token dropped to 17.2 ETH, even as daily sales surged 258%. Many users have been aggressively buying Pudgy Penguins NFTs in recent weeks to qualify for the PENGU airdrop. Now, it appears that these buyers are selling their NFTs. The sell-off was widespread. Over 20% of the total token supply was liquidated after PENGU launched on Binance, equating to roughly $9.3 million. The remaining tokens hold a value of $37.7 million. $ADA
$SHIB Shiba Inu (SHIB) Faces Uncertainty as Whale Holdings Decline
Shiba Inu (SHIB) price surged 162% in 2024 but is now consolidating, up just 2% in the past seven days. The neutral RSI at 46.45 and low whale activity suggest weak momentum, with neither buyers nor sellers in control. SHIB must hold support at $0.0000266 or risk a drop to $0.0000241; resistance is at $0.0000297 for a potential 22% upside. $PEPE
$1000CAT Binance Alpha Launches with Spotlight on Emerging Tokens
Binance’s Web3 wallet will open its Alpha feature on December 18, which will carry a selection of up-and-coming tokens. The exchange insists on offering the tokens for educational purposes, though the wallet will feature a quick buy button with enhanced DEX swaps. Binance Smart Chain is growing its DeFi segment, though it’s taking a back seat to the exchange’s centralized activity.
$XRP Ripple Officially Launches $RLUSD Stablecoin, Now Available on Cryptocurrency Exchanges Ripple USD (RLUSD) has officially launched and is now available on global exchanges. RLUSD is fully backed by USD deposits, government bonds, and cash equivalents. RLUSD debuted on Uphold, Moonpay, Coinmena, Archax, and Bitso – with others to follow.
$XRP XRP L governance under scrutiny, Ripple CTO proposes voting upgrades Ripple CTO David Schwartz explained that the voting mechanism in XRP L is intended to activate features. XRP L ambassador highlighted the importance of validators in securing the network. Ripple’s stablecoin RLUSD, which has been approved by the NYDFS, is set to launch globally on December 17.