The post XRP Price Prediction For December 17 appeared first on Coinpedia Fintech News Ripple’s RLUSD is all set to launch today (December 17) and XRP price is all set to possibly explode. Analysts are saying that XRP is currently in the later stages of a cycle wave three on the daily chart and this wave may still extend a bit higher, potentially reaching new all-time highs. While we haven’t yet seen a clear end to wave three, there’s a possibility it could continue moving upward before we see a correction in wave four. A possible target for the final move of this cycle could be between $5 and $9.81. At the time of writing, XRP is trading below $2.50 level and is up by more than two percent in the last 24 hours. Key Price Levels and Support Zones At present, XRP is trading between the 2021 high and the all-time high. This zone is critical for understanding potential price action. If XRP continues to hold above this range, there’s a good chance XRP could break through the all-time high, though it’s not guaranteed. Micro Patterns and Short-Term Movement Looking at the microstructure , there was a three-wave move down from the swing high formed on December 3rd, followed by a three-wave move up (wave B). Subsequently, a corrective wave C formed to the downside, bringing XRP to retest the 2021 high, which held as support. This suggests that short-term price action remains bullish. The breakout from the corrective price channel is a positive sign, though XRP has yet to move away from it in an impulsive fashion. The first target following this breakout is typically the starting point of the channel, which is around the $2.90 level. This target aligns with the typical length of wave C, which often matches that of wave A. Watch Out for Potential Pullbacks If the price breaks below the $2.33 level, followed by a drop below $2.28, the price could see a test of lower support regions between $2 and $2.23. From there, XRP might attempt another rally.
Ethena Labs has successfully launched its new stablecoin, USDtb, attracting over $65 million in total value locked within just 24 hours of its debut. This remarkable feat marks a significant
Ethena’s USDtb has already amassed more than $65 million in total value locked on the opening day.
FTX reorganization plan will take effect on January 3, 2025, with distributions starting within 60 days. Read original article on coincu.com
Crypto investment products recorded significant inflows, reaching $3.2 billion last week. Analysts predict XRP's price will exceed $3 amidst positive market developments. Continue Reading: Crypto Investment Products Attract Significant Interest and See Record Inflows The post Crypto Investment Products Attract Significant Interest and See Record Inflows appeared first on COINTURK NEWS .
Binance has announced a temporary suspension of the Terra Classic (LUNC) token deposit and withdrawal services to facilitate a crucial network upgrade. The suspension will commence at 19:57 Eastern Time
Ripple’s upcoming RLUSD stablecoin is attracting bids upto 836 XRP on onchain marketplaces ahead of its Tuesday release, a sign of frenzy among enthusiasts who may want to be the first to hold the token. These bids range from 500 XRP to as much as 836 XRP as of Asian morning hours on Tuesday, CoinDesk viewed on the Xaman application. Each XRP exchanges hands for just under $2.5, data shows . “There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD.,” Ripple Labs CTO David Schwartz said in a Monday post . “Tools will show you the highest price anyone is willing to pay, even if it's just for a tiny bit. Maybe someone wants the "honor" of buying the first bit of RLUSD on the DEX.” “But rest assured, the price will come back to very close to $1 as soon as supply stabilizes. If it doesn't, something is very seriously wrong,” Schwartz added. Speculators often engage in high-priced transactions for small quantities of a new token or NFT to gain early access or to capitalize on the novelty of holding the first batch. As such, RLUSD might not have enough liquidity to maintain its peg effectively in the first few hours after it goes live, meaning there may be some price discrepancies from the intended $1 peg. However, each token will be redeemed for only a dollar, and it is unlikely to remain depegged for an extended period. RLUSD will go live on the XRP Ledger (XRP) on Tuesday, as CoinDesk reported , with initial listings on several exchanges and crypto platforms, including Uphold, MoonPay, Archax, and CoinMENA.
Lido Finance has officially announced the discontinuation of its staking services on the Polygon network, marking a significant shift in the liquid staking landscape. This decision follows a community vote
Bitcoin holds strong at $104,500 despite 60% of traders betting against it. Rising short liquidations and bullish technicals suggest upward momentum.
Binance to Support Terra Classic LUNA Network Upgrade ————— 💰Coin: Terra ( $LUNA ) $0.5307 LUNC ( $LUNC ) $0.0001294 ————— NFA.