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Bitcoin Bitcoin (BTC) $103,590.87 ↑ 4.07%
Ethereum Ethereum (ETH) $2,472.54 ↑ 27.79%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
XRP XRP (XRP) $2.42 ↑ 9.70%
BNB BNB (BNB) $639.68 ↑ 3.82%
Solana Solana (SOL) $169.45 ↑ 10.91%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.21 ↑ 16.45%
Cardano Cardano (ADA) $0.81 ↑ 13.91%
TRON TRON (TRX) $0.26 ↑ 3.68%
Sui Sui (SUI) $4.02 ↑ 9.92%
Chainlink Chainlink (LINK) $16.69 ↑ 13.25%
Avalanche Avalanche (AVAX) $23.61 ↑ 12.26%
Stellar Stellar (XLM) $0.30 ↑ 11.73%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 14.64%
Hedera Hedera (HBAR) $0.21 ↑ 10.60%
Hyperliquid Hyperliquid (HYPE) $25.50 ↑ 16.48%
Bitcoin Cash Bitcoin Cash (BCH) $428.15 ↑ 2.30%
Toncoin Toncoin (TON) $3.37 ↑ 7.90%
UNUS SED LEO UNUS SED LEO (LEO) $8.84 ↑ 0.84%
Litecoin Litecoin (LTC) $101.20 ↑ 9.39%
Polkadot Polkadot (DOT) $4.70 ↑ 10.99%
Pepe Pepe (PEPE) $0.00 ↑ 50.76%
Monero Monero (XMR) $303.88 ↑ 4.84%
Bitget Token Bitget Token (BGB) $4.60 ↑ 6.51%
Pi Pi (PI) $0.76 ↑ 21.58%
Dai Dai (DAI) $1.00 ↑ 0.00%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $6.68 ↑ 28.13%
Bittensor Bittensor (TAO) $450.18 ↑ 11.47%
Aptos Aptos (APT) $5.84 ↑ 15.07%
NEAR Protocol NEAR Protocol (NEAR) $2.98 ↑ 21.70%
Ondo Ondo (ONDO) $1.06 ↑ 14.40%
Aave Aave (AAVE) $219.97 ↑ 17.43%
OKB OKB (OKB) $54.96 ↑ 6.36%
Ethereum Classic Ethereum Classic (ETC) $19.69 ↑ 14.15%
Internet Computer Internet Computer (ICP) $5.45 ↑ 13.13%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $14.17 ↑ 15.79%
Kaspa Kaspa (KAS) $0.11 ↑ 11.75%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.26 ↑ 14.93%
Cronos Cronos (CRO) $0.10 ↑ 7.04%
GateToken GateToken (GT) $21.70 ↑ 1.15%
Mantle Mantle (MNT) $0.78 ↑ 7.26%
Render Render (RENDER) $5.06 ↑ 11.83%
VeChain VeChain (VET) $0.03 ↑ 14.25%
Ethena Ethena (ENA) $0.39 ↑ 28.74%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.38%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.88 ↑ 20.03%
Algorand Algorand (ALGO) $0.24 ↑ 12.44%
Filecoin Filecoin (FIL) $3.08 ↑ 12.38%
Cosmos Cosmos (ATOM) $4.84 ↑ 11.90%
Arbitrum Arbitrum (ARB) $0.39 ↑ 18.50%
Celestia Celestia (TIA) $2.93 ↑ 9.25%
Sonic (prev. FTM) Sonic (prev. FTM) (S) $0.61 ↑ 12.87%
Bonk Bonk (BONK) $0.00 ↑ 15.03%
Worldcoin Worldcoin (WLD) $1.17 ↑ 17.61%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.02%
Jupiter Jupiter (JUP) $0.53 ↑ 17.23%
Maker Maker (MKR) $1,824.66 ↑ 14.39%
Stacks Stacks (STX) $0.98 ↑ 6.42%
KuCoin Token KuCoin Token (KCS) $11.24 ↑ 3.35%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $2.11 ↑ 28.14%
EOS EOS (EOS) $0.88 ↑ 4.14%
Fartcoin Fartcoin (FARTCOIN) $1.35 ↑ 22.42%
Flare Flare (FLR) $0.02 ↑ 3.83%
Story Story (IP) $4.71 ↑ 17.98%
Optimism Optimism (OP) $0.77 ↑ 21.34%
DeXe DeXe (DEXE) $14.99 ↑ 1.92%
Sei Sei (SEI) $0.24 ↑ 15.68%
Injective Injective (INJ) $12.07 ↑ 17.79%
Immutable Immutable (IMX) $0.66 ↑ 13.19%
XDC Network XDC Network (XDC) $0.08 ↑ 3.15%
Quant Quant (QNT) $98.32 ↑ 5.97%
Curve DAO Token Curve DAO Token (CRV) $0.80 ↑ 10.26%
The Graph The Graph (GRT) $0.11 ↑ 12.17%
FLOKI FLOKI (FLOKI) $0.00 ↑ 22.12%
Pudgy Penguins Pudgy Penguins (PENGU) $0.02 ↑ 8.71%
Lido DAO Lido DAO (LDO) $1.06 ↑ 24.74%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 15.95%
Four Four (FORM) $2.48 ↓ -2.58%
IOTA IOTA (IOTA) $0.25 ↑ 12.69%
Theta Network Theta Network (THETA) $0.89 ↑ 14.87%
Ethereum Name Service Ethereum Name Service (ENS) $24.16 ↑ 24.39%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Gala Gala (GALA) $0.02 ↑ 19.36%
Nexo Nexo (NEXO) $1.31 ↑ 1.92%
Brett (Based) Brett (Based) (BRETT) $0.09 ↑ 37.96%
Raydium Raydium (RAY) $2.89 ↑ 9.22%
Walrus Walrus (WAL) $0.63 ↑ 6.20%
The Sandbox The Sandbox (SAND) $0.34 ↑ 15.45%
Core Core (CORE) $0.83 ↑ 13.90%
Bitcoin SV Bitcoin SV (BSV) $41.72 ↑ 6.85%
Tether Gold Tether Gold (XAUt) $3,325.43 ↓ -0.51%
PAX Gold PAX Gold (PAXG) $3,330.59 ↓ -0.47%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 8.63%
PancakeSwap PancakeSwap (CAKE) $2.36 ↑ 9.96%
dogwifhat dogwifhat (WIF) $0.75 ↑ 20.23%
Helium Helium (HNT) $4.10 ↑ 7.74%
Kaia Kaia (KAIA) $0.12 ↑ 8.51%
Flow Flow (FLOW) $0.44 ↑ 12.44%
Bitcoin Bitcoin (BTC) $103,590.87 ↑ 4.07%
Ethereum Ethereum (ETH) $2,472.54 ↑ 27.79%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
XRP XRP (XRP) $2.42 ↑ 9.70%
BNB BNB (BNB) $639.68 ↑ 3.82%
Solana Solana (SOL) $169.45 ↑ 10.91%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.21 ↑ 16.45%
Cardano Cardano (ADA) $0.81 ↑ 13.91%
TRON TRON (TRX) $0.26 ↑ 3.68%
Sui Sui (SUI) $4.02 ↑ 9.92%
Chainlink Chainlink (LINK) $16.69 ↑ 13.25%
Avalanche Avalanche (AVAX) $23.61 ↑ 12.26%
Stellar Stellar (XLM) $0.30 ↑ 11.73%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 14.64%
Hedera Hedera (HBAR) $0.21 ↑ 10.60%
Hyperliquid Hyperliquid (HYPE) $25.50 ↑ 16.48%
Bitcoin Cash Bitcoin Cash (BCH) $428.15 ↑ 2.30%
Toncoin Toncoin (TON) $3.37 ↑ 7.90%
UNUS SED LEO UNUS SED LEO (LEO) $8.84 ↑ 0.84%
Litecoin Litecoin (LTC) $101.20 ↑ 9.39%
Polkadot Polkadot (DOT) $4.70 ↑ 10.99%
Pepe Pepe (PEPE) $0.00 ↑ 50.76%
Monero Monero (XMR) $303.88 ↑ 4.84%
Bitget Token Bitget Token (BGB) $4.60 ↑ 6.51%
Pi Pi (PI) $0.76 ↑ 21.58%
Dai Dai (DAI) $1.00 ↑ 0.00%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $6.68 ↑ 28.13%
Bittensor Bittensor (TAO) $450.18 ↑ 11.47%
Aptos Aptos (APT) $5.84 ↑ 15.07%
NEAR Protocol NEAR Protocol (NEAR) $2.98 ↑ 21.70%
Ondo Ondo (ONDO) $1.06 ↑ 14.40%
Aave Aave (AAVE) $219.97 ↑ 17.43%
OKB OKB (OKB) $54.96 ↑ 6.36%
Ethereum Classic Ethereum Classic (ETC) $19.69 ↑ 14.15%
Internet Computer Internet Computer (ICP) $5.45 ↑ 13.13%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $14.17 ↑ 15.79%
Kaspa Kaspa (KAS) $0.11 ↑ 11.75%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.26 ↑ 14.93%
Cronos Cronos (CRO) $0.10 ↑ 7.04%
GateToken GateToken (GT) $21.70 ↑ 1.15%
Mantle Mantle (MNT) $0.78 ↑ 7.26%
Render Render (RENDER) $5.06 ↑ 11.83%
VeChain VeChain (VET) $0.03 ↑ 14.25%
Ethena Ethena (ENA) $0.39 ↑ 28.74%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.38%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.88 ↑ 20.03%
Algorand Algorand (ALGO) $0.24 ↑ 12.44%
Filecoin Filecoin (FIL) $3.08 ↑ 12.38%
Cosmos Cosmos (ATOM) $4.84 ↑ 11.90%
Arbitrum Arbitrum (ARB) $0.39 ↑ 18.50%
Celestia Celestia (TIA) $2.93 ↑ 9.25%
Sonic (prev. FTM) Sonic (prev. FTM) (S) $0.61 ↑ 12.87%
Bonk Bonk (BONK) $0.00 ↑ 15.03%
Worldcoin Worldcoin (WLD) $1.17 ↑ 17.61%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.02%
Jupiter Jupiter (JUP) $0.53 ↑ 17.23%
Maker Maker (MKR) $1,824.66 ↑ 14.39%
Stacks Stacks (STX) $0.98 ↑ 6.42%
KuCoin Token KuCoin Token (KCS) $11.24 ↑ 3.35%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $2.11 ↑ 28.14%
EOS EOS (EOS) $0.88 ↑ 4.14%
Fartcoin Fartcoin (FARTCOIN) $1.35 ↑ 22.42%
Flare Flare (FLR) $0.02 ↑ 3.83%
Story Story (IP) $4.71 ↑ 17.98%
Optimism Optimism (OP) $0.77 ↑ 21.34%
DeXe DeXe (DEXE) $14.99 ↑ 1.92%
Sei Sei (SEI) $0.24 ↑ 15.68%
Injective Injective (INJ) $12.07 ↑ 17.79%
Immutable Immutable (IMX) $0.66 ↑ 13.19%
XDC Network XDC Network (XDC) $0.08 ↑ 3.15%
Quant Quant (QNT) $98.32 ↑ 5.97%
Curve DAO Token Curve DAO Token (CRV) $0.80 ↑ 10.26%
The Graph The Graph (GRT) $0.11 ↑ 12.17%
FLOKI FLOKI (FLOKI) $0.00 ↑ 22.12%
Pudgy Penguins Pudgy Penguins (PENGU) $0.02 ↑ 8.71%
Lido DAO Lido DAO (LDO) $1.06 ↑ 24.74%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 15.95%
Four Four (FORM) $2.48 ↓ -2.58%
IOTA IOTA (IOTA) $0.25 ↑ 12.69%
Theta Network Theta Network (THETA) $0.89 ↑ 14.87%
Ethereum Name Service Ethereum Name Service (ENS) $24.16 ↑ 24.39%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Gala Gala (GALA) $0.02 ↑ 19.36%
Nexo Nexo (NEXO) $1.31 ↑ 1.92%
Brett (Based) Brett (Based) (BRETT) $0.09 ↑ 37.96%
Raydium Raydium (RAY) $2.89 ↑ 9.22%
Walrus Walrus (WAL) $0.63 ↑ 6.20%
The Sandbox The Sandbox (SAND) $0.34 ↑ 15.45%
Core Core (CORE) $0.83 ↑ 13.90%
Bitcoin SV Bitcoin SV (BSV) $41.72 ↑ 6.85%
Tether Gold Tether Gold (XAUt) $3,325.43 ↓ -0.51%
PAX Gold PAX Gold (PAXG) $3,330.59 ↓ -0.47%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 8.63%
PancakeSwap PancakeSwap (CAKE) $2.36 ↑ 9.96%
dogwifhat dogwifhat (WIF) $0.75 ↑ 20.23%
Helium Helium (HNT) $4.10 ↑ 7.74%
Kaia Kaia (KAIA) $0.12 ↑ 8.51%
Flow Flow (FLOW) $0.44 ↑ 12.44%
Home Cryptocurrency

XRP Falters, Yet Remains Resilient: Weekly Gains Fuel Prediction Frenzy

Victor by Victor
6 December 2024
in Cryptocurrency, News
Reading Time: 4 mins read
0
XRP Stumbles, Yet Stands Strong: Weekly Gains Fuel Prediction Frenzy

XRP Falters, Yet Remains Resilient: Weekly Gains Fuel Prediction Frenzy

On December 5, the advent of Bitcoin (BTC) was nothing short of a gala event with everyone’s attention turned towards it while the likes of XRP were floundering in its shadow.

photo 2024 10 21 08 49 01

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Arweave Surprised Everyone—The Most Popular Cryptocurrency Might Not Be What You Expect This Cycle
    • CZ Says Bitcoin Will Hit $1 Million: Why He Is Doubling Down in 2025
  • Polymarket Drops Data on XRP Wallet Activities 
  • XRP Loses 3rd Largest Crypto Spot 
  • What to Expect Next for Ripple?

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Currently, XRP price stands at $2.25, after suffering a loss of 3.9% in the last 24 hours. Nevertheless, this high volatility asset remains the fourth biggest cryptocurrency with its market cap at 128 billion dollars. Closer to that is the stablecoin Tether (USDT) that has a market cap of 135.85 billion dollars.

XRP accounts for $22.92 billion out of $369.52 billion traded across the whole cryptomarket, putting Ripple on the fifth place in trading volume rank. Even though its price has statistically decreased over the past month period, XRP’s price has increased by 56% in the last week, making it quite strong at 339.6 % during the last period.

Tether (USDT), Korean won (KRW) or U.S. dollar (USD) are some of its most widely traded pairs. So far, 25.77% of all XRP exchanges for the last 24 hours were conducted in South Korea’s won, indicating great demand in this region.

Polymarket Drops Data on XRP Wallet Activities 

On December 5, the numbers reported by coincarp.com indicated that 4,840,747 unique addresses held their XRP tokens. The top 10 wallets hold 40.71% out of all XRP, while the top 100 wallets control a whopping 71.58% of the total 57.1 billion Ripple in circulation.

XRP Stumbles, Yet Stands Strong: Weekly Gains Fuel Prediction Frenzy

On Polymarket, $2,181,22 has been spent on Ripple predictions to end the month at a particular price. At this moment, 21% of participants hope that XRP will hit $3.50 by end of December while 36% forecast the year end close at $3.

Ripple price has witnessed decline lately owing to normal price fluctuations seen in between a crypto bull run. That being said, XRP has exhibited impressive weekly and monthly growths suggesting investors believe in this old digital asset. With active trading and prediction markets, XRP continues to be a trending subject in the crypto market.

XRP failed to flow in the positive direction as Bitcoin scaled new heights while XRP shrunk over 3.9% against the dollar. However, ETC is currently enjoying an upturn, riding high at 56 for the last week. The crypto market continues to grab audiences for how volatile it is for ETC.

XRP Loses 3rd Largest Crypto Spot 

Ripple is reportedly putting the launch of its stablecoin $RLUSD on hold as it seeks the green light from the New York Department of Financial Services. The company stated about the delay, “$RLUSD isn’t launching today” in an update on December 5 via X.

XRP Stumbles, Yet Stands Strong: Weekly Gains Fuel Prediction Frenzy

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Soon after this announcement, the price of Ripple’s native token XRP registered a notable downside from $2.59 to $2.31. Now XRP has fallen deeper from its earlier position as the third largest cryptocurrency by Market Cap and behind Tether’s 135.8 Billion Dollar Valuation.

Market analysts have suggested the delays may have caused some panic selling amongst traders. Rod Denson saw data from Glassnode showing a lot of panic selling with trading volume falling from $ 32 billion on the 4th of December to $ 16 billion on the same day.

What to Expect Next for Ripple?

Stablecoins are having an impact this year, more so than the previous year, with 24-hour trading turning out over $317.13 billion. Such developing activity can be expected to have a noticeable effect on prices.

What is center but to Ripple, stabelcoin is a key component. It is a substantial component that enhances the on-demand liquidity platform of the firm. This is purported to optimize the efficiency of cross-border payment transactions, which, with greater acceptance, would lead to an increase in the price of Ripple assets.

As time goes by, with the growing adoption of stablecoins and Ripple continuing to develop, these companies will help determine the future landscape of digital payments and the value of assets.

For more information on how the US election impacts the economy, follow TurkishNY Radio on Tumblr, Telegram, and LinkedIn. 

Tags: cryptoripplestablecoinXRP
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