Antione Wasowski ScRQ
@Square-Creator-2a472460287f
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And since 2003 you live in some imaginary world where the EU is some kind of enslavement. Only if it wasn't for the EU you wouldn't have a sidewalk in your village. Not to mention Schengen,
Another idiot who doesn't understand anything and just repeats nonsense from the Internet xD
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Another idiot who doesn't understand anything and just repeats nonsense from the Internet xD
In 2003 I voted as one of the few against Poland's accession to the EU.... I said it was a chain, a muzzle and I was right. Only prohibitions and nothing more.....
Soooo… they say inflation will stay for longer, and investors buy the currency that is predicted to lose value over time? I clearly do not understand how markets work…😅
Cryptopolitan
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XRP Price Continues to Dip Post RLUSD Launch – Is the Reception That Bad?
XRP’s price has sharply retraced following the announcement of its RLUSD stablecoin launch. After going as high as $2.73, the coin plummeted by more than 18% merely 24 hours after Ripple’s stablecoin went live.
On December 17, the highly anticipated stablecoin RLUSD was unveiled, sparking a significant rally in XRP’s price. At the start of the week, XRP was trading around $2.35.
On Monday evening, after Ripple’s announcement of the RLUSD launch scheduled for the following day, XRP’s price skyrocketed to nearly $2.6. The cryptocurrency surged again, reaching a multi-week high of $2.73 on the launch day.
Despite the strong bullish trend, XRP struggled to sustain its gains. As the broader market corrected, XRP’s price began to pull back, falling to $2.41 at the time of this publication, while the market-wide drop intensified.
Fed rate cut causes market bloodbath
The market-wide correction was partly driven by the Federal Reserve’s decision to cut interest rates by 25 basis points. This move, though widely expected, set off a wave of panic selling across the crypto space. The recent rate cut triggered a sharp decline across all major cryptocurrencies, and XRP was no exception, dropping to a seven-day low of $2.19.
XRP Price post-Fed cuts and RLUSD launch. Source: CoinMarketCap
XRP had gained over 130% in the past month, only to lose substantial ground following the market’s downturn. According to analysts, the real cause for concern was not just the rate cut itself but the realization that inflation could persist longer than anticipated, and the Fed may not be ready to ease its tightening measures.
One market analyst said, “It wasn’t today’s 25 bps cut that made markets freak out, it was the realization that inflation might stick around longer.”
The Fed isn’t unanimously in favor of these cuts. That one sentence sent the US dollar soaring to levels we haven’t seen since 2022. When the dollar climbs, risk assets like Bitcoin and crypto tend to slide—and that’s exactly what happened.
RLUSD’s market activity hasn’t been “intense,” even though Ripple did predict supply shortages post-launch.
As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD. Tools will show you the highest price anyone is willing to pay, even if it's just for a… https://t.co/LOx4rGiiiJ
— David "JoelKatz" Schwartz (@JoelKatz) December 15, 2024
According to CoinMarketCap data, the stablecoin’s trading volume in the last 24 hours is slightly above $600,000 at press time.
Crypto market crash imminent?
Bitcoin saw a significant drop in the past 24 hours, with its price falling by as much as 3% to a low of $102,000. The plunge in BTC prompted panic selling, triggering losses across other top cryptocurrencies. Ethereum, for example, extended its loss to two days, dipping below $3,800 and marking a 4.5% drop over the last 24 hours.
Dogecoin (DOGE), Cardano (ADA), and Solana (SOL) each experienced declines of 6%, 5.7%, and 3.2%, respectively, over the last day. Overall, market sentiment has been marked by uncertainty, with some analysts suggesting that volatility could persist until the dust settles.
The downturn has also led to massive liquidations in the crypto derivatives market. According to data from Coinglass, approximately $792 million worth of positions were liquidated in the past 24 hours, with long positions accounting for $661 million of that total.
Leading the charge was BTC, which had $149 million in liquidations, followed by ETH and XRP, which had $126 million and $42 million, respectively.
However, analysts such as Ali are cautioning investors to avoid panic selling. “Markets hate uncertainty, but they also thrive on it when the dust settles,” he noted, urging caution and suggesting that patience may be required for a potential recovery.
A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
On December 17, the highly anticipated stablecoin RLUSD was unveiled, sparking a significant rally in XRP’s price. At the start of the week, XRP was trading around $2.35.
On Monday evening, after Ripple’s announcement of the RLUSD launch scheduled for the following day, XRP’s price skyrocketed to nearly $2.6. The cryptocurrency surged again, reaching a multi-week high of $2.73 on the launch day.
Despite the strong bullish trend, XRP struggled to sustain its gains. As the broader market corrected, XRP’s price began to pull back, falling to $2.41 at the time of this publication, while the market-wide drop intensified.
Fed rate cut causes market bloodbath
The market-wide correction was partly driven by the Federal Reserve’s decision to cut interest rates by 25 basis points. This move, though widely expected, set off a wave of panic selling across the crypto space. The recent rate cut triggered a sharp decline across all major cryptocurrencies, and XRP was no exception, dropping to a seven-day low of $2.19.
XRP Price post-Fed cuts and RLUSD launch. Source: CoinMarketCap
XRP had gained over 130% in the past month, only to lose substantial ground following the market’s downturn. According to analysts, the real cause for concern was not just the rate cut itself but the realization that inflation could persist longer than anticipated, and the Fed may not be ready to ease its tightening measures.
One market analyst said, “It wasn’t today’s 25 bps cut that made markets freak out, it was the realization that inflation might stick around longer.”
The Fed isn’t unanimously in favor of these cuts. That one sentence sent the US dollar soaring to levels we haven’t seen since 2022. When the dollar climbs, risk assets like Bitcoin and crypto tend to slide—and that’s exactly what happened.
RLUSD’s market activity hasn’t been “intense,” even though Ripple did predict supply shortages post-launch.
As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD. Tools will show you the highest price anyone is willing to pay, even if it's just for a… https://t.co/LOx4rGiiiJ
— David "JoelKatz" Schwartz (@JoelKatz) December 15, 2024
According to CoinMarketCap data, the stablecoin’s trading volume in the last 24 hours is slightly above $600,000 at press time.
Crypto market crash imminent?
Bitcoin saw a significant drop in the past 24 hours, with its price falling by as much as 3% to a low of $102,000. The plunge in BTC prompted panic selling, triggering losses across other top cryptocurrencies. Ethereum, for example, extended its loss to two days, dipping below $3,800 and marking a 4.5% drop over the last 24 hours.
Dogecoin (DOGE), Cardano (ADA), and Solana (SOL) each experienced declines of 6%, 5.7%, and 3.2%, respectively, over the last day. Overall, market sentiment has been marked by uncertainty, with some analysts suggesting that volatility could persist until the dust settles.
The downturn has also led to massive liquidations in the crypto derivatives market. According to data from Coinglass, approximately $792 million worth of positions were liquidated in the past 24 hours, with long positions accounting for $661 million of that total.
Leading the charge was BTC, which had $149 million in liquidations, followed by ETH and XRP, which had $126 million and $42 million, respectively.
However, analysts such as Ali are cautioning investors to avoid panic selling. “Markets hate uncertainty, but they also thrive on it when the dust settles,” he noted, urging caution and suggesting that patience may be required for a potential recovery.
A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
It’s because I haven’t sold yet. The moment I do, XRP will skyrocket to 20+ 😅
$XRP I would like to understand why with the official launch 3 hours ago, xrp is not taking off!
PROVE ME WRONG
Most people posting about $XRP getting weak, slowing down; and/or warning about impending doom are one of the following:
1. Watched XRP for years without it making any significant price surges and therefore is incapable of believing it could grow and sustain it’s value;
2. Sold it as soon as the price went up significantly and now desperately tries to prove it was the right decision despite further price increase;
3. Shorted it as soon as it touched 1.6 - 2.00USD, got liquidated and now feels cheated (unable to comprehend it was them who made the mistake);
4. Came late to the party, wants to join, but at a lower price, therefore trying to make others sell;
5. Shorted it and is afraid of being liquidated soon;
Now when it comes to comments about utility - why would they question it? I mean, what is $BTC utility? Good ol’ silkroad is dead 😂 XRP has far more potential than BTC in the utility field - actually it has some, compared to BTC. It is actually BTC that is getting its value from hype, not the other way around.
„impossible market cap” you say? So how about the fact, that $ETH is traded at over 3k and has endless supply? Does that compute? And yet you claim that 1000USD XRP is impossible, whereas the supply is finite 🤔
The fact is, XRP was being suppressed by the SEC. Had it not been SEC going after them, XRP would have reached much higher value over the last few years. What is happening right now, is XRP regaining it’s actual value it would have accumulated over the years. but in a much shorter timeframe. On top of that, it is gaining regulatory clarity, and ripple did not fall behind in terms of utility despite being suppressed by the SEC, and of course, the ETFs being filed and stablecoin being released. All of that at the same time.
So what are you surprised about…?😅
Most people posting about $XRP getting weak, slowing down; and/or warning about impending doom are one of the following:
1. Watched XRP for years without it making any significant price surges and therefore is incapable of believing it could grow and sustain it’s value;
2. Sold it as soon as the price went up significantly and now desperately tries to prove it was the right decision despite further price increase;
3. Shorted it as soon as it touched 1.6 - 2.00USD, got liquidated and now feels cheated (unable to comprehend it was them who made the mistake);
4. Came late to the party, wants to join, but at a lower price, therefore trying to make others sell;
5. Shorted it and is afraid of being liquidated soon;
Now when it comes to comments about utility - why would they question it? I mean, what is $BTC utility? Good ol’ silkroad is dead 😂 XRP has far more potential than BTC in the utility field - actually it has some, compared to BTC. It is actually BTC that is getting its value from hype, not the other way around.
„impossible market cap” you say? So how about the fact, that $ETH is traded at over 3k and has endless supply? Does that compute? And yet you claim that 1000USD XRP is impossible, whereas the supply is finite 🤔
The fact is, XRP was being suppressed by the SEC. Had it not been SEC going after them, XRP would have reached much higher value over the last few years. What is happening right now, is XRP regaining it’s actual value it would have accumulated over the years. but in a much shorter timeframe. On top of that, it is gaining regulatory clarity, and ripple did not fall behind in terms of utility despite being suppressed by the SEC, and of course, the ETFs being filed and stablecoin being released. All of that at the same time.
So what are you surprised about…?😅