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According to Odaily, Ripple's Chief Technology Officer, David Schwartz, has shared insights on the company's latest product, the RLUSD stablecoin, which was launched earlier this week. In a video message posted on the company's official X account, Schwartz highlighted that RLUSD offers a valuable use case that benefits both users and developers, serving as a reliable asset designed to showcase the potential of the XRP Ledger.Schwartz emphasized that the stablecoin brings both direct and indirect advantages to the XRPL ecosystem. A direct benefit is the stimulation of active trading volume, with XRP itself acting as a bridge asset. He noted that XRP's unique capability to support various assets enhances the accessibility of decentralized exchanges on the XRPL.Furthermore, Schwartz stated that due to the distinct differences between the two assets, XRP and RLUSD will complement each other. The blockchain payment company plans to continue using XRP as a bridge in its proprietary products. Additionally, he underscored the promising future of the tokenized real-world assets (RWA) market, predicting continued growth and increasing demand for stablecoins, with RLUSD poised to dominate this market segment.

According to Odaily, cryptocurrency analyst AIi recently shared insights on the X platform, highlighting a significant potential market movement for XRP. AIi noted that if XRP's price rebounds to $2.62, it could lead to the liquidation of short positions valued at $20.5 million. This analysis underscores the volatility and potential for rapid changes in the cryptocurrency market, where price fluctuations can have substantial financial implications. Traders and investors are closely monitoring XRP's price movements, as reaching the $2.62 mark could trigger a wave of liquidations, impacting market dynamics and influencing trading strategies. The potential liquidation of such a large short position reflects the high stakes involved in cryptocurrency trading, where market participants must navigate unpredictable price swings. As XRP's price trajectory remains uncertain, market observers are keenly watching for any developments that could affect its valuation and the broader crypto market.

According to BlockBeats, recent data from Coinglass indicates that if XRP surpasses the $3 mark, short positions worth approximately $272.3 million could face liquidation, potentially leading to a short squeeze. As of the time of reporting, XRP has experienced a 24-hour increase of 14.7%, with its current price standing at $2.708. This significant price movement has captured the attention of investors and market analysts, who are closely monitoring the situation for further developments. The potential for a short squeeze arises when a rapid price increase forces short sellers to cover their positions, thereby driving the price even higher. This scenario could have substantial implications for the market dynamics surrounding XRP. The cryptocurrency market is known for its volatility, and such price movements can have a ripple effect across other digital assets. Traders and investors are advised to stay informed and exercise caution as the situation unfolds. The possibility of a short squeeze highlights the importance of understanding market trends and the factors that can influence price fluctuations in the cryptocurrency space.

According to Odaily, 21Shares has officially registered the 21Shares XRP Trust in the state of Delaware. This development was confirmed through an official document, marking a significant step for the company in expanding its cryptocurrency offerings. The registration of the XRP Trust indicates 21Shares' continued commitment to broadening its portfolio and providing investors with diverse options in the digital asset space. The establishment of the XRP Trust aligns with 21Shares' strategy to cater to the growing demand for cryptocurrency investment products. By choosing Delaware for the registration, 21Shares benefits from the state's favorable regulatory environment, which is known for its business-friendly policies. This move is expected to enhance the company's position in the competitive market of cryptocurrency trusts, offering investors a regulated and secure way to gain exposure to XRP. As the cryptocurrency market continues to evolve, 21Shares' initiative to register the XRP Trust demonstrates its proactive approach in adapting to market trends and regulatory requirements. This registration is a crucial step in ensuring that the company remains at the forefront of the industry, providing innovative solutions to meet the needs of its clients. The XRP Trust is anticipated to attract interest from investors seeking to diversify their portfolios with digital assets, further solidifying 21Shares' reputation as a leading provider of cryptocurrency investment products.

According to Cointelegraph, Ripple's Chief Technology Officer, David Schwartz, has cautioned about potential "supply shortages" and volatility surrounding the launch of Ripple's US Dollar-pegged stablecoin, RippleUSD (RLUSD). In a post dated December 15, Schwartz highlighted that the stablecoin might experience significant price fluctuations initially, despite its design to maintain a 1:1 parity with the US dollar. This volatility is attributed to several large orders for the token.Schwartz pointed out that some pre-market bids for the yet-to-be-released stablecoin were artificially inflating its value. He responded to a post showing 1 RLUSD valued at approximately 511 XRP, equivalent to $1,244 at current prices, on a Ripple wallet named Xaman. Schwartz remarked that someone seemed willing to pay $1,200 per RLUSD for a small fraction, suggesting it was more about the "honor" of purchasing the first RLUSD to hit the market. However, he reassured that the price would stabilize close to $1 once the supply normalizes, warning investors against succumbing to "FOMO" (fear of missing out) and emphasizing that this is not a get-rich-quick opportunity.On December 11, Ripple CEO Brad Garlinghouse announced that RLUSD had received final approval from the New York Department of Financial Services, with the official Ripple account indicating that the stablecoin would launch soon. Once available, Ripple intends to integrate RLUSD with XRP in its cross-border payment solutions to serve global customers, as stated in RLUSD's beta testing announcement. Ripple President Monica Long previously mentioned that RLUSD is designed to be "complementary and additive" to XRP.Ripple perceives RLUSD as beneficial for XRP, as the two will be paired to enhance liquidity and stabilize the stablecoin's price, preventing depegging. According to Ripple Labs CEO Brad Garlinghouse, RLUSD will primarily target large institutional players, aiming to leverage XRP's significant availability on exchanges to support RLUSD's liquidity.

According to Odaily, Georgios Vlachos, co-founder of the open-source interoperability platform Axelar, has indicated that Ripple's forthcoming RLUSD stablecoin could significantly increase the demand for XRP by 2025. Axelar serves as a standard bridge connecting the XRP Ledger with the XRPL EVM chain and 69 other blockchains.Vlachos highlighted that stablecoins are widely used by many users, including those in emerging economies, as a means of transaction and value storage. The RLUSD transactions and remittances are expected to be primarily settled on the XRP Ledger (XRPL) and the XRP-EVM sidechain. This settlement process is anticipated to drive up the demand for XRP. Vlachos explained that during these transfers, XRP is required to pay gas fees, which benefits XRP holders as a portion of XRP is destroyed with each transaction.

According to Cointelegraph, XRP experienced a significant rally in November 2024, driven by political factors and advancements within its ecosystem. Georgios Vlachos, co-founder of the Axelar open-source interoperability platform, highlighted the potential impact of the upcoming RLUSD stablecoin on XRP demand in 2025. Vlachos noted that stablecoins are widely used for transactions and as a store of value, particularly in emerging economies. The RLUSD stablecoin is expected to primarily settle transactions on the XRP Ledger (XRPL) and the XRP-EVM sidechain, thereby increasing demand for XRP. He explained that XRP holders benefit from these transactions as they require gas fees paid in XRP, which results in the burning of some XRP with each transaction. XRP reached a seven-year high of approximately $2.90 on December 3, 2024, before retreating to current levels. This pullback followed the Relative Strength Index (RSI) hitting 95, indicating an overbought condition. Despite this, several factors continue to attract investor interest in XRP as 2025 approaches. The cryptocurrency's rally was partly fueled by Donald Trump's electoral victory on November 5, which brought optimism to the crypto market due to his pro-crypto stance and the potential for a more favorable regulatory environment in the United States. Additionally, on November 25, asset management firm WisdomTree filed for an XRP exchange-traded fund (ETF), joining other firms like Bitwise, Canary Capital, and 21Shares, which have also submitted applications to the Securities and Exchange Commission (SEC) for similar ETFs. On December 1, XRP surpassed Solana in market capitalization, becoming the fourth-largest cryptocurrency. Data from CoinMarketCap shows XRP's market cap at approximately $138 billion, just under $2 billion short of Tether's market cap of around $140 billion. The New York Department of Financial Services (NYDFS) approved Ripple's RLUSD stablecoin on December 10. This dollar-pegged stablecoin will be overcollateralized by fiat cash reserves and short-term cash equivalents like US Treasury bills, and it will be redeemable at a 1:1 ratio with US dollars. Readers are reminded that this article does not provide investment advice or recommendations. All investment and trading activities involve risk, and individuals should conduct their own research before making decisions.

According to Odaily, Nexo's research analyst Iliya Kalchev has observed a significant rise in XRP's open interest, suggesting that this fourth-ranked digital asset may remain a focal point in the cryptocurrency sector for the foreseeable future. Kalchev interprets this surge as indicative of an expanding investor base and increased trading activity. A substantial increase in open interest is often seen as a sign of heightened speculative trading, as traders place bets on future price movements. This commentary from Kalchev follows a report by Cryptoquant analysts, which revealed that XRP's open interest had surged by over 30%, pushing the total open interest on major exchanges to $4 billion. However, analyst Maarten Regterschot has reportedly cautioned that this surge might be "leverage-driven," potentially increasing volatility risks. In a statement to Bitcoin.com News, Kalchev attributed this growth to favorable regulatory developments and a rebound in the cryptocurrency market.

According to U.Today, the cryptocurrency market experienced a significant liquidation event this week, with over $2 billion in long and short positions, primarily the former, being forcibly closed. This event continues to impact the market, with nearly $300 million liquidated in the past 24 hours. However, the nature of these liquidations is not as one-sided as before, as reported by CoinGlass. In the midst of this market turbulence, an intriguing anomaly has emerged in the trading of XRP, currently the third-largest cryptocurrency. In the last four hours alone, liquidations of perpetual futures on XRP amounted to $1.44 billion, with only $111,000 being shorts and $1.33 million longs. This represents an abnormal imbalance of 1,209%, highlighting the current sentiment surrounding the popular cryptocurrency. Most traders appear to be bullish on XRP in the short term, but the market is penalizing those with over-leveraged positions or those who entered the market late. While late sellers are present, they are in much smaller numbers. The roots of this unusual imbalance in XRP trading can be traced back to the price action of the cryptocurrency. Over the past two days, XRP's price has surged by over 30%, currently trading at $2.40. This bullish trend has been fueled by a remarkable 400% increase in XRP's price over the past few weeks, capturing the attention of the entire crypto market. Many investors saw this as an opportunity to capitalize on the upward momentum. However, as is often the case, latecomers and those who failed to manage their risk effectively were shaken off, with XRP experiencing only a 2.9% decline during today's trading session.

According to U.Today, a significant amount of XRP has been transferred over the past 20 hours, with Ripple, the San Francisco-based cryptocurrency giant, playing a major role in these transactions. In total, 640 million XRP were moved within a 12-hour period. The largest of these transactions involved Ripple transferring 380 million XRP to an anonymous blockchain address, valued at approximately $915 million at the time of the transaction. This movement has sparked interest and speculation within the community, particularly in light of the recent regulatory approval of the Ripple USD (RLUSD) stablecoin. Further details from the XRP-focused Bithump explorer indicate that the 380 million XRP transferred by Ripple was sent to an anonymous wallet associated with Ripple. In addition to this, another transaction involved the transfer of 200 million XRP, worth around $485 million, between two unknown wallets. Bithump confirmed that this transaction also occurred between wallets linked to Ripple. In total, Ripple was responsible for transferring 580 million XRP during this period. Moreover, an additional 60 million XRP, equivalent to $145 million, was moved between anonymous wallets. Overall, Whale Alert has reported a cumulative transfer of $1.5 billion worth of XRP. This activity coincides with a notable increase in XRP's market performance, as the cryptocurrency has seen a 25.74% rise over the past two days. This surge is attributed to the approval of RLUSD for listing on cryptocurrency trading platforms, with XRP's price rising from $1.92 to $2.24 at the time of reporting.

According to U.Today, XRP's price chart is currently displaying a setup that suggests a potential breakout as the asset trades within a descending price channel. This pattern, following a parabolic rise, is typical of a consolidation phase, indicating a buildup of momentum for a significant move. Since reaching its recent peak above $2.80, XRP has been in a corrective phase within this channel. Despite the decline, consistent trading volume and a relative strength index hovering around overbought levels suggest that XRP remains fundamentally strong. The price has shown resilience, maintaining higher lows and staying close to the $2.30 support level, which signals a bullish continuation. The upper limit of the descending channel, currently at $2.50, is a critical level to watch for a potential breakout. If this level is decisively breached, it could propel XRP back to its previous highs and possibly beyond. Conversely, if XRP fails to break out, there may be another opportunity for accumulation if the price retests the lower support around $2 or the 26 EMA. The overall market sentiment also plays a significant role in XRP's performance. With increasing activity in the broader cryptocurrency market and the anticipation of regulatory clarity, XRP might be poised for a major surge. Should a breakout occur, the next targets could be $2.80 and the psychological barrier at $3. As XRP approaches the peak of the descending channel, the next 48 hours will be crucial. A resolution of the pattern is expected to result in a trend continuation, particularly if the trading volume remains strong. Whether the breakout happens on the upside or downside, it is clear that XRP is preparing for a significant move. Investors should exercise patience and closely monitor the breakout level. A rejection could offer another buying opportunity at lower levels, while a strong breakout might signal a resumption of the bullish trend.

XRP price has surged by nearly 6% in the past 24 hours, reclaiming the $2.30 level following the regulatory approval of Ripple’s RLUSD stablecoin by the New York Department of Financial Services (NYDFS). This milestone marks Ripple's entry into the competitive stablecoin market, sparking investor optimism and driving XRP’s price higher.Ripple’s RLUSD Stablecoin Fuels OptimismRipple CEO Brad Garlinghouse announced the approval on Dec. 10, leading to XRP’s rally from $1.90 to a high of $2.42 before settling at $2.32. RLUSD, Ripple’s US dollar-backed stablecoin, is now poised for launch on exchanges and partner platforms. The stablecoin, currently in beta testing on Ethereum and XRP Ledger (XRPL), has a circulating supply of $52 million and is backed by short-term US government bonds. Analysts believe its adoption could significantly boost XRP demand by creating a less volatile asset for remittance and settlement services.Market Reaction and Bullish PredictionsThe approval of RLUSD has already caused a speculative surge in XRP’s price, but experts like Vincent Van Code suggest the real rally will come when automated market maker (AMM) and liquidity pool (LP) features are activated. These could attract significant institutional interest, increasing XRP demand as staking opportunities with potential 5% annual yields emerge.Technical Indicators Suggest a Bullish ContinuationFrom a technical perspective, XRP’s recent price action forms a bull flag pattern, a bullish continuation setup. A breakout above $2.58 could push XRP’s price toward $15, representing a new all-time high. With a relative strength index (RSI) at 62, XRP still has room for further gains before approaching overbought levels.Ripple’s RLUSD stablecoin approval not only solidifies its position in the stablecoin market but also sets the stage for XRP’s potential parabolic rise. Investors are closely watching developments as XRP positions itself for further growth in the evolving cryptocurrency landscape, according to Cointelegraph.

According to Odaily, cryptocurrency analyst Ali (@ali_charts) revealed on the X platform that during the recent market decline, whales have purchased over 100 million XRP. The market data indicates that XRP has rebounded to $2.34, marking a 5.6% increase over the past 24 hours. This significant acquisition by large investors, often referred to as 'whales,' highlights their strategic moves during periods of market volatility. The purchase of such a substantial amount of XRP suggests confidence in the cryptocurrency's potential for recovery and growth. As the market experiences fluctuations, these large-scale investments can influence price movements and investor sentiment. The recent uptick in XRP's value, following the whale purchases, underscores the impact of significant transactions on the cryptocurrency's market performance. With XRP's price climbing by 5.6% in a single day, it reflects a positive shift in market dynamics, potentially attracting more investors to the digital asset. As the market continues to evolve, the actions of major players like these whales will likely remain a focal point for analysts and investors alike.

According to CoinDesk, XRP, the native token of the XRP Ledger (XRPL) network, experienced a significant surge during the U.S. afternoon hours on Tuesday. This rise followed an announcement by Ripple CEO Brad Garlinghouse, who revealed that the company's stablecoin, RLUSD, had received regulatory approval from the New York Department of Financial Services (NYDFS). Garlinghouse shared the news on social media, stating that exchange and partner listings for RLUSD would soon be available. Following this announcement, XRP rallied by 10%, recovering from earlier losses and outperforming both bitcoin (BTC) and the broader market, as indicated by the CoinDesk 20 Index.Ripple has been strategically positioning itself in the rapidly expanding stablecoin market. In April, the company outlined its plans to introduce a stablecoin backed by short-term U.S. government bonds. Stablecoins play a crucial role in the crypto economy, particularly in global payments, which aligns with Ripple's business focus. Currently, the stablecoin market is dominated by Tether (USDT) and Circle (USDC), with a market size nearing $200 billion. However, forecasts suggest that the sector could grow to trillions of dollars in the coming years, and Ripple aims to capture a share of this market. Ripple President Monica Long highlighted the company's intention to leverage its established position in payment services among institutions and serve as a key intermediary for real-world asset tokenization. Tokenization, which involves placing traditional financial instruments on blockchain platforms for more efficient transactions, is gaining traction in the crypto industry.RLUSD is currently in beta testing on both the XRP Ledger and Ethereum networks. Ripple's Monica Long previously stated that the token was operationally ready, pending regulatory approval for its public launch. As of now, there are $41.7 million worth of RLUSD tokens on Ethereum and $10.4 million on the XRPL, according to data compiled by analytics firm CryptoQuant. This development marks a significant step for Ripple as it seeks to expand its influence in the stablecoin market and further integrate blockchain technology into traditional financial systems.

According to U.Today, XRP, currently the third largest cryptocurrency, has captured significant attention in the market due to its recent price movements. As a longstanding player in the digital asset space, XRP has experienced a notable surge, with its price reaching approximately $2.5 per coin. This marks a significant recovery, positioning it just 33.3% below its all-time high from January 2018. The cryptocurrency's market capitalization has also seen a dramatic increase, rising from around $30 billion to $143 billion, making it the third largest by market cap, trailing only Bitcoin (BTC) and Ethereum (ETH). Despite these impressive gains, some experts believe that XRP's growth may not have reached its peak. A well-known trader in the crypto community, known as "DonAlt," has suggested that XRP might be gearing up for another phase of growth, despite its recent 470% surge. DonAlt's recent comments on social media have fueled speculation about the potential for further increases in XRP's value. This has led to discussions among market participants about the possibility of XRP surpassing not only Ethereum but potentially Bitcoin as well. While such predictions remain speculative, the current momentum of XRP has certainly sparked interest and debate within the cryptocurrency community.

According to BlockBeats, Ripple CEO Brad Garlinghouse, in an interview with CBS News on December 9, highlighted the influence of U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler's actions on the formation of the crypto-backed super PAC, Fairshake. Garlinghouse suggested that without Gensler's regulatory measures, the existence of Fairshake might not have been necessary. Ripple, along with two other companies, has contributed $144 million to a super political action committee (PAC) that supports both Republican and Democratic candidates who are favorable to cryptocurrency. This financial backing underscores the growing political engagement of the crypto industry as it seeks to navigate and influence regulatory landscapes. Garlinghouse emphasized the significant legal expenses Ripple has incurred, stating that the company has spent over $150 million in its legal battle with the SEC. He argued that XRP, Ripple's digital asset, should not be subjected to the same registration and disclosure requirements as traditional securities offerings, reflecting ongoing debates about the classification and regulation of cryptocurrencies.

According to U.Today, renowned commodity trader Peter Brandt has highlighted a significant development in the cryptocurrency market, focusing on XRP. Brandt shared what he considers the most crucial chart in the crypto world, illustrating XRP's market cap breaking out above a major triangular consolidation pattern. This breakout suggests that the Ripple-affiliated token might continue its impressive rally, as its market cap surpasses the resistance level of $146 billion. Over the past 24 hours, XRP's price has surged by more than 6%, significantly outperforming the broader cryptocurrency market. The token has seen a remarkable 36% increase over the past week. Despite this bullish outlook, Brandt has faced criticism from some in the cryptocurrency community for his sudden change of stance on XRP. Previously, he had dismissed the token, predicting that the XRP/BTC pair would plummet to zero. In August, Brandt suggested that XRP community members would gradually disappear if a long-term bearish pattern unfolded. However, Brandt's perspective shifted last month as XRP experienced a substantial rally, reaching a trading price of $1.1. Despite his bullish chart analysis, Brandt clarified that he does not intend to purchase XRP, stating that he only holds Bitcoin and Solana. XRP's price continued to climb, reaching a multi-year high of $2.82 earlier this month. The token is now just 25% away from achieving a new all-time high, a milestone it has not reached in seven years. The recent surge in XRP's value is attributed to the resignation of SEC Chair Gary Gensler and increasing interest in cryptocurrency ETFs.

According to U.Today, XRP's recent rally may be losing steam as the token forms its first significant bearish signal since its recent surge. The emergence of a lower high suggests that the current upward trend might be weakening, potentially leading to further retracement in the coming days. This development is particularly concerning for XRP enthusiasts, as a lower high often marks the onset of a downtrend. The inability of XRP to surpass its previous peak, coupled with declining trading volume, raises the possibility of increased selling pressure. A sustained rally typically requires robust volume, and its decline may indicate diminishing investor interest or profit-taking activities. Investors monitoring XRP should focus on three critical price levels. The first is $2.30, a nearby support level that could hold in the short term. If this level fails, the next significant support is at $1.275, which aligns with the asset's previous consolidation zone and may act as a stronger barrier against further losses. However, if selling pressure intensifies beyond this point, XRP might test $1.13, which corresponds with the 50-day EMA and serves as a crucial psychological support level. To counter the bearish signal and regain bullish momentum, XRP needs to recover to $2.80. Achieving this would require a substantial increase in volume, indicating renewed buyer confidence. Despite XRP's impressive rally, the formation of a lower high should be viewed as a cautionary signal. Investors should consider these key levels when formulating their strategies and be prepared for potential volatility. XRP's performance in the upcoming sessions will determine whether this signal marks the beginning of a long-term correction or merely a temporary setback.

XRP has experienced a notable rebound, surpassing the 2.5 USDT mark. As of the latest update, XRP is trading at 2.5092 USDT, reflecting a 24-hour increase of 6.85%.