*history* doesn't always repeat itself, and the market doesn’t work the way many think it does! 💥
Just hours ago, *XRP* was sitting pretty in the *Top 3*, but now? It’s falling like a leaf 🍂 in the wind. 😬 I know, I know… many were hoping for more, but this is how crypto works! *Hold tight*, let's break down what's going on with *XRP*.
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*What’s Happening to XRP?* 🤔
- *Price Action*: XRP was on a *strong rally* recently, but now it’s showing signs of *consolidation* or even a *pullback*. It’s not uncommon for coins to have these sharp moves up and down. Sometimes, the market just needs a little breather. 😌
- *Profit-Taking*: After a significant surge, traders often decide to *take profits*. This leads to a price *correction* or *decline*, and that’s what we’re seeing right now. 📉
- *Market Sentiment*: Remember, *XRP* is often highly influenced by *market sentiment* and external factors, like *regulatory news* and *Bitcoin’s movements*. If Bitcoin takes a dip, XRP and other altcoins often follow. 🚶♂️
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*What’s Happening in the Last 24 Hours?* ⏰ - *24h Chg%*: XRP has dropped around *-5% to -8%* in the last 24 hours. That’s a pretty significant drop, but not the end of the world. Crypto can be very volatile, and these kinds of fluctuations are part of the game. 📉
- *Volume*: Pay attention to the *24-hour trading volume*. If XRP’s trading volume has been decreasing, it suggests there’s *less interest* in the coin at this moment. That could explain the downturn. 📊
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*What Happens Next for XRP?* 🔮
- *Short-Term Pullback*: XRP might experience a *short-term pullback*, especially if the market continues to fluctuate. However, *healthy corrections* are necessary to keep things stable in the long run. 🛑
- *Key Support Levels*: If XRP finds support at a certain level (for example, around *0.60* or *0.55*), it could stabilize and potentially rebound. However, if it breaks those levels, we might see a deeper decline. 🏠
- *Regulatory News*: One of the biggest factors affecting XRP is *regulatory news*. If any positive news about the *SEC lawsuit* or other regulations comes out, XRP could have a strong *recovery*. 🚀 *Long-Term Outlook*: For those who believe in XRP’s *fundamentals* and the *Ripple network*, this might just be a *temporary setback*. The long-term potential for XRP is still strong, especially if it can overcome its *legal hurdles*. ⚖️
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*My Analysis & Prediction* 📈
- *Short-Term*: Expect more *volatility*. XRP could stay in a *downtrend* for a while, but it’s not unusual for crypto to fluctuate like this. If you’re a short-term trader, *watch the charts* for any signs of a *reversal*. 🔄
- *Long-Term*: If you believe in *XRP’s* potential and *Ripple’s technology*, don’t panic. This *pullback* might just be a buying opportunity, but remember, *always manage your risk*. 🔐
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*Conclusion* 🎯
*XRP* is facing some turbulence right now, but remember—*this is crypto*! Prices go up, prices go down, and sometimes we just need to *ride the waves* 🌊.
If you’re holding, don’t panic. Keep an eye on those key levels and *market sentiment*. If you’re new to XRP, this could be a good time to *accumulate* if you believe in the long-term potential! 💰
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*Stay smart, stay informed, and keep those charts open!* 📊👀
XRP A coin with lots of controversies. Some claim it will explode. Some oppose that prediction. Some say it's a unique coin with lots of potential some argue there are other newer coins. But despite there are newer coins institutions chose to adopt XRP not another coin. Something is definitely unique with XRP. And it's highly likely to explode up
My opinion on XRP, it's price is in tug of war of Pros: being a utility coin used by financial institutions with its possibility to win against sec vs cons: risk of court case dragging long, the release of more xrp which affects supply vs demand. But overall I still believe it will be bullish. At least being conservative it's quite plausible for it to reach 4 US dollars each coin and break ATH
If its limited to dollar us dollar based stable coin usdc because Europe doesn't permit the use of usdt. But there is also EURI which is a euro pegged stablcoin
Ragnar_defi
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USDT vs. USDC: Which Stablecoin Should You Choose? 🤔💸
A lot of my friends are leaning toward USDC over USDT, so let’s break down the pros and cons of both stablecoins. By the end of this, you'll be able to make a smart decision! 🔍
USDT: The Market Leader 💪
USDT holds the title as the #1 stablecoin with a market cap 3 times bigger than USDC! Here’s why it's still a dominant player:
Pros of USDT:
Market Dominance: USDT has the largest market cap, making it the most established and widely used stablecoin. 🚀
Low Fees: Transactions with USDT are generally low-cost or even negligible, so it’s super cost-effective. 💰
However, there’s a downside to USDT. Since it’s issued by a Chinese company, it’s facing some regulatory concerns, especially in Europe and the US. While it’s strong for now, keep an eye on potential future challenges. 👀
USDC: The US-Based Contender 🇺🇸
On the flip side, USDC is backed by a US-based company and runs on the Ethereum network. But let’s take a closer look at the trade-offs.
Cons of USDC: Higher Fees: Transactions with USDC often come with higher gas fees due to Ethereum’s network costs. 😓
Smaller Market Cap: USDC’s market cap is much smaller than USDT's, which can impact liquidity and stability. ⚖️
Why the Debate? 🤷♂️ The debate stems from USDT’s Chinese origin. Many see it as a risk, especially in the US and Europe due to potential future regulations. On the other hand, USDC is backed by a US company, making it a safer alternative, but at a cost.
However, USDC's high transaction fees could be a burden for frequent traders or those making smaller transfers.
My Advice: Stick with USDT for Now 📊 At the moment, USDT remains the better option for most users due to its low fees and strong market position. But keep your eyes peeled for new stablecoins that may offer better alternatives in the future. 🔮
For now, don’t rush into switching to USDC. USDT is still the way to go unless something significantly changes. REGISTER NOW 🎁
USDT vs. USDC: Which Stablecoin Should You Choose? 🤔💸
A lot of my friends are leaning toward USDC over USDT, so let’s break down the pros and cons of both stablecoins. By the end of this, you'll be able to make a smart decision! 🔍
USDT: The Market Leader 💪
USDT holds the title as the #1 stablecoin with a market cap 3 times bigger than USDC! Here’s why it's still a dominant player:
Pros of USDT:
Market Dominance: USDT has the largest market cap, making it the most established and widely used stablecoin. 🚀
Low Fees: Transactions with USDT are generally low-cost or even negligible, so it’s super cost-effective. 💰
However, there’s a downside to USDT. Since it’s issued by a Chinese company, it’s facing some regulatory concerns, especially in Europe and the US. While it’s strong for now, keep an eye on potential future challenges. 👀
USDC: The US-Based Contender 🇺🇸
On the flip side, USDC is backed by a US-based company and runs on the Ethereum network. But let’s take a closer look at the trade-offs.
Cons of USDC: Higher Fees: Transactions with USDC often come with higher gas fees due to Ethereum’s network costs. 😓
Smaller Market Cap: USDC’s market cap is much smaller than USDT's, which can impact liquidity and stability. ⚖️
Why the Debate? 🤷♂️ The debate stems from USDT’s Chinese origin. Many see it as a risk, especially in the US and Europe due to potential future regulations. On the other hand, USDC is backed by a US company, making it a safer alternative, but at a cost.
However, USDC's high transaction fees could be a burden for frequent traders or those making smaller transfers.
My Advice: Stick with USDT for Now 📊 At the moment, USDT remains the better option for most users due to its low fees and strong market position. But keep your eyes peeled for new stablecoins that may offer better alternatives in the future. 🔮
For now, don’t rush into switching to USDC. USDT is still the way to go unless something significantly changes. REGISTER NOW 🎁
No. For EU investors, USDT has been removed from Binance for example since July 2024 and Eurite (EURI) was introduced instead
Crypwojak
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Bullish
Is It A Coincidence That RLUSD ( from Ripple Company of XRP) Is Introduced While USDT Is Going To Be Delisted?
Previously, I watched a TV News from Germany talking about XRP to become the "World's Reserve Bridge Currency" in the future, and SWIFT will be replaced. This News about USDT to be delisted is an eye opening because It very much foretell the future of RLUSD and XRP going for Global Adoption, and becoming the Future of Finance.
Below is the News.
Tether (USDT) Faces Delisting on EU Exchanges Ahead of MiCA Deadline
European cryptocurrency exchanges are preparing to delist Tether (USDT), the world’s largest stablecoin, by December 30, 2024. The move comes as exchanges work to comply with the European Union’s Markets in Crypto Assets (MiCA) regulations. While Tether is developing MiCA-compliant alternatives, the decision has raised concerns about liquidity and market stability in the region, which already struggles to compete with the thriving U.S. crypto market. $XRP $RLUSD #XRP #RLUSDLaunch
According to Bitcoin halving events, the 2020 chart should be the most comparable. I hope the events turn out similarly
CRYPTO MECHANIC
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You may have seen people talking about year end dump Year end pump Or Santa rally and so on. You may want to know what actually happened so i got you cover
Here is what happened on BTC on year end holidays (Last 4 years data) starting from Dec 20th of every year.
I will only share $BTC charts as an example as it's the main driver of the whole crypto market.
I agree with most of what you're saying but small profit percentages might get even smaller or result in losses due to slippage and gas fees
Velizeg
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Guide: How to DCA Like a Whale
Ever heard someone say, “This coin won’t rise, the whales are eating it!”? Well, the truth is, we are. This is crypto trading. We actively trade, take profits, and grow our portfolios. There’s nothing “evil” about it—that’s why we’re all here. If you’re interested in learning how we do it, stick around. I’ll give you a simple strategy to help you trade like a whale. --- First, What Is DCA? For this guide, I’ll assume you already know what Dollar-Cost Averaging (DCA) is, so I won’t cover the basics. Instead, let’s focus on the common mistakes and how to avoid them. --- 1. Spreads That Are Too Low In DCA, completing more "safety trades" generally leads to higher profits. However, what happens if you set your buy orders with a spread that’s too low (e.g., 0.2%) but don’t have enough safety trades available? You’ll be stuck waiting, unable to place more trades, which means no profits. Worse, you might panic if the coin doesn’t rebound soon enough. How to Fix This Assess the coin’s volatility. Check a high-volatility day to see the percentage difference between the highest high and the lowest low. Adjust your DCA strategy based on this volatility. For example: If the coin’s volatility is 20%, and you have a small budget (e.g., $100), set 10 safety trades at a 2% spread instead of trying for 100 trades at a 0.2% spread. If you have more capital, you can afford smaller spreads and more safety trades. By doing this, you increase your chances of staying active in the market and reduce the risk of getting stuck. --- 2. Lack of Patience This one is about mindset. Whales are patient. We don’t panic over a 1–10% temporary loss because we know profits will come eventually. Emotional traders, on the other hand, tend to panic-sell or FOMO into bad trades. How to Fix This Work on your emotional discipline. Practice meditation, take breaks, or simply step away when the market is overwhelmingly red. Remember: trading is a marathon, not a sprint. Staying calm and objective is a key to success. --- 3. Greedy Take-Profit Targets Sure, everyone wants to maximize their gains, but setting overly ambitious take-profit targets (e.g., 5–10%) can backfire. If those targets aren’t met, you might panic and sell at a loss. How to Fix This Set realistic take-profit levels. For example: A target of 1–1.5% is manageable and more likely to get filled. Personally, I use a 1.2% target with a 0.2% trailing stop to capture additional upside if the coin continues to rise. Don’t underestimate the power of small, consistent gains. Every little profit adds up over time. --- Final Thoughts That’s it for now! Remember, DCA is a powerful strategy when used correctly, but discipline and patience are just as important as the technical side. Good luck with your trades—see you at the top!
I never use leverage. Leverage changes trading to gambling. Without leverage at least what's yours remains yours and after a dip maybe someday might go back up
__Donald__
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When $PEPE jumps 400% in a day, everyone's like "Wow, amazing!" 🌟 Or when $HBAR shoots up 100%, it’s "Incredible!" 🚀 Or even $SHIB making waves, it's all excitement. But then, when the market dips by 30%, suddenly it’s “Crypto is a scam!” 🤦♂️
Here's the truth: those who expect to win all the time are usually the ones who lose big. Real investors are the ones who stay informed and know what they’re doing. 📚💡
⚠️ Leverage trading in crypto? Extremely risky! Don’t just trade – be a smart investor. Always do your research before diving in. 🔍
US Senate Cancels Renomination of SEC Commissioner Caroline Crenshaw
The Senate Banking Committee canceled Caroline Crenshaw’s renomination vote.
President-elect Trump plans to appoint a pro-crypto SEC commissioner.
The U.S. Senate Banking Committee has canceled its vote on SEC Commissioner Caroline Crenshaw’s renomination. This decision effectively ends her tenure at the regulatory agency. Scheduled for December 18, the vote was called off due to a lack of legislative floor time, as confirmed by a Senate aide.
BREAKING: A Senate aide has just informed me that tomorrow’s Senate Banking Committee scheduled markup vote on @SECGov Commissioner Caroline Crenshaw has been canceled. She will not be renominated to her position.
— Eleanor Terrett (@EleanorTerrett) December 17, 2024
Crenshaw’s departure comes amidst significant criticism from the cryptocurrency industry. Known for opposing Bitcoin spot ETFs, she cited fraud and market manipulation concerns. Her strict regulatory stance aligned with outgoing SEC Chair Gary Gensler, prioritizing investor protection over market expansion.
Crenshaw has been a vocal opponent of digital assets throughout her tenure. She frequently supported stringent oversight, even surpassing Gensler in her skepticism of crypto markets. Earlier this year, she reiterated that Bitcoin spot products lack adequate protections for consumers.
Crypto Wins as Crenshaw’s Exit Looms
The crypto industry reacted positively to her exit. Key players like Coinbase and Ripple criticized her policies, which they argued stifled innovation. Trade groups, including the Blockchain Association, organized campaigns against her renomination. Over 107,000 emails opposing Crenshaw were sent to Senate offices, highlighting the industry’s influence.
Republicans in the Senate also opposed her renomination. Senator Tim Scott called the vote timing an attempt to further President Biden’s agenda before Donald Trump’s administration takes over. Political friction delayed Crenshaw’s renomination meeting multiple times, ultimately leading to its cancellation.
President-elect Donald Trump will now have the opportunity to appoint a new SEC commissioner. Reports suggest he favors Paul Atkins, a pro-crypto figure, signaling a regulatory shift. Trump has expressed support for a crypto-friendly framework and vowed to include industry advocates in policy-making.
Highlighted Crypto News TodayIs $1 Possible for PENGU Token Despite Significant Price Setbacks?
U.S. Senate Cancels Vote on Renomination of SEC Commissioner Caroline Crenshaw
The post U.S. Senate Cancels Vote On Renomination of SEC Commissioner Caroline Crenshaw appeared first on Coinpedia Fintech News
The U.S. Senate Banking Committee has canceled the vote on the renomination of SEC Commissioner Caroline Crenshaw, ending her chances of serving another term. She is widely known for voting against the approval of Bitcoin spot ETFs and her stance aligns with broader concerns about fraud and market manipulation in the crypto sector. She has been a strong opponent of cryptocurrency within the SEC, advocating for stricter oversight, often more so than SEC Chair Gary Gensler. Her departure comes as the cryptocurrency industry pushes for clearer favorable regulations, with major players like Coinbase and Ripple criticizing her anti-crypto stance.
They will cut but probably not as big as November cut. Inflation rates and employment rate seem to be quite balanced.
Yi Xi Bullish
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Bullish
🚨 SELL SELL SELL⏰ - FMOC LIVE ALERT 🚨
The US Federal Reserve is making waves today! The big question: Will they cut rates again? With expectations high for a 25 basis point reduction, this would mark the third consecutive rate cut, dropping the federal funds rate to 4.25%-4.5% from 4.5%-4.75%.
As the FMOC meeting unfolds, we’re in the midst of crucial moments that could send shockwaves through the markets. 📉 Now’s the time to act fast! Watch closely—your trading strategy might need a quick adjustment.
Bankers don't have anything to be scared of. They will simply adopt the xrp and RLUSD for faster transactions and more efficient systems. It's simply an update