Ripple Moves Big Money, RLUSD Sees Distribution, XRP Holds Key $2 Support

December 23, 2024 Bitcoin.com

Ripple Moves Big Money, RLUSD Sees Distribution, XRP Holds Key Support

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Ripple’s XRP has managed to maintain its position above $2, despite an 8.2% dip against the U.S. dollar this week. Over the weekend, massive onchain XRP transactions caught attention, and the network’s stablecoin, RLUSD, reached a market valuation of $53 million. Whale Alerts Pop Recent weeks have seen XRP make substantial strides, fueled by speculation […]

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XRP Lawsuit Reaches 4 Years as Ripple Pushes Trump to Reform SEC

December 23, 2024 Bitcoin.com

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Ripple is calling on the SEC to rebuild trust as its four-year legal fight over XRP persists, with hopes for policy shifts under incoming leadership. Ripple Urges SEC to Rebuild Credibility Amid XRP Lawsuit Ripple remains vocal in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), urging the agency to rebuild […]

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Ripple’s Legal Chief Urges Congress to Regulate Crypto Practices, Not Technology

December 21, 2024 Bitcoin.com

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Ripple’s chief legal officer has urged Congress to focus on innovation-friendly crypto regulation, rejecting punitive measures and abstract policies amid growing criticism of the SEC’s approach. New Congress, New Rules? Ripple’s Vision for Crypto Regulation Unveiled Ripple’s chief legal officer, Stuart Alderoty, has called for a pragmatic approach to cryptocurrency regulation in the upcoming Congress. […]

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Price analysis 12/18: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, SHIB

December 18, 2024 Coin Telegraph

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Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

Bitcoin (BTC) has pulled back after making a new all-time high above $108,000 on Dec. 17, indicating that the bears have not given up and are selling on rallies. BitMEX co-founder Arthur Hayes wrote in his “Trump Truth” blog post that the crypto markets are likely to dump following United States President-elect Donald Trump’s inauguration in January 2025. Hayes said that selling will occur after market participants realize that any crypto policy changes will take about a year to enact.

In contrast, Bitfinex analysts expect the dips in Bitcoin’s uptrend to be short-lived in 2025 due to institutional demand. They estimate Bitcoin to reach $145,000 by mid-2025 and potentially stretch to “$200,000 under favorable conditions.”

Crypto market data daily view. Source: Coin360

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Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz

December 17, 2024 The Daily Hodl

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Ripple chief technology officer David Schwartz says investors should not hope for gains on stablecoins as his firm prepares to launch its new dollar-pegged crypto asset. In a new post on social media platform X, Schwartz says Ripple USD (RLUSD) may experience supply shortages in the early days of its debut given the pre-market demand […]

The post Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz appeared first on The Daily Hodl.

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XRP Community Gains New Rewards With Ripple’s RLUSD Stablecoin Launch

December 17, 2024 Bitcoin.com

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Ripple’s RLUSD stablecoin debuts on Uphold, offering rewards and exclusive benefits, solidifying its role in digital payments and boosting value for XRP investors. Ripple’s RLUSD Launches on Uphold—Where XRP Community Gains More Uphold, a leading Web3 financial platform, has confirmed that Ripple’s new USD-backed stablecoin, RLUSD, will be fully accessible on its platform starting Dec. […]

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Ripple Exec Warns of RLUSD Supply Shortages, Advises Against FOMO Buying

December 17, 2024 Bitcoin.com

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Ripple’s RLUSD stablecoin launch sparks a warning against “FOMO,” as early supply shortages could cause temporary price spikes before stabilizing near $1. RLUSD Launch Warning: Why Ripple CTO Urges Caution Amid Initial Supply Issues Ripple’s chief technology officer, David Schwartz, has issued a measured warning about early price volatility for the company’s U.S. dollar-backed stablecoin, […]

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Ripple’s Stablecoin Is Here: RLUSD Goes Live on These Exchanges

December 17, 2024 Bitcoin.com

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Ripple’s groundbreaking RLUSD stablecoin launches on Tuesday, set to transform global payments with instant settlements, defi integration, and unrivaled regulatory compliance. Ripple Launches RLUSD Stablecoin: The Revolution in Global Payments Begins Ripple is gearing up for the global debut of Ripple USD (RLUSD), an enterprise-grade stablecoin launching on Dec. 17. Designed for trust, utility, and […]

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Ripple USD stablecoin set for trading debut tomorrow

December 16, 2024 Coin Telegraph

Coin Telegraph

Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.

Ripple, the blockchain company behind XRP, confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally tomorrow, Dec. 17.

RLUSD, a new United States dollar-backed stablecoin developed by Ripple, is set for a global exchange debut, the firm announced to Cointelegraph on Monday, Dec. 16.

The announcement came after the New York Department of Financial Services (NYDFS) approved the RLUSD launch, on Dec. 10, greenlighting the stablecoin’s entrance into global financial and cryptocurrency markets.

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Ripple CTO says to expect shortage of RLUSD at launch, but don’t FOMO

December 16, 2024 Coin Telegraph

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One trader has set a $1,200 bid for one RLUSD, an early warning sign there could be massive volatility when Ripple’s RLUSD stablecoin launches.

Ripple’s chief technology officer, David Schwartz, says there could be potential “supply shortages” in the early days of Ripple’s US Dollar-pegged stablecoin but is warning investors not to “FOMO.”

In a Dec. 15 post to X, Schwartz said he expects outsized volatility for RippleUSD (RLUSD) stablecoin immediately following its launch, with several large orders for the token despite being designed to maintain a 1:1 parity with the US dollar.

He noted that some small initial pre-market bids for the currently unreleased stablecoin were artificially inflating its value before its launch — responding to a post on X, which showed 1 RLUSD being valued at roughly 511 XRP (XRP) — worth $1,244 at current prices — on a Ripple wallet called Xaman.

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