6 Signs Ripple (XRP) Is About to Make Another Colossal Splash

So will Ripple token prices break down and consolidate with long-term support at a lower level? Or will XRP continue to soar over the next 60 days?

Here are 6 of the most current XRP price signals. But very quickly first:

As for the more focused long-term accumulation holders and altcoin investors who make cyclical adjustments with the occasional change to optimize their strategy: Is XRP the right place to park it for a while?

Is 2024-2025 too late to buy XRP?

This is an important question for many cryptocurrency investors who look at the top coins by market capitalization for opportunities to meet their financial goals over the relevant time frames.

Using Bitcoin as a point of comparison, RippleNet doesn’t seem to have hit its TAM (total addressable market) that much along its product adoption curve. For example, Bitcoin is already on Wall Street as several ETF products, and XRP is not.

But Ripple CEO Brad Garlinghouse says his company sees an XRP ETF as inevitable. Meanwhile, Ripple Labs has been actively exploring IPO options for some time, but outside of the United States due to the costly battle with the SEC.

In addition to this XRP market adoption curve indicator, the Belgium-based SWIFT cooperative is a directly relevant point of comparison.

While SWIFT processes a volume of international payments in the order of USD 5 trillion per day, RippleNet seems to be just getting started.

XRP tokens on the decentralized financial platform XRP Ledger facilitate $1.5 billion worth of similar transactions every day, according to data from XRP Scan.

1. XRP Stablecoin Gets Nod From New York Regulator

Last week, New York State’s financial regulator, the Department of Financial Services, approved a new Ripple stablecoin: RLUSD.

The XRP token issuer for RippleNet launched the new product on December 17th. Prices of XRP tokens on crypto exchanges soared 11% in market valuation following the regulator’s approval. They went from $2.38 to over $2.47 just minutes after the company announced the release date.

Once the product was launched, the price of XRP went even further, hitting a multi-week high of over $2.7.

2. Ripple Token Techniques

Ripple’s technical signals were strong in mid-December.

From December 3 to 10, XRP retreated from a high above $2.70 and consolidated above the $1.90 level. The price of XRP shot back above $2.70 on Tuesday, December 17th. So RippleNet tokens seemed to have found their long-term support level for another stage in December.

That’s impressive price performance and shows great buoyancy after what Jeff Park, chief strategist at crypto asset manager Bitwise, called, in an interview with Fortune, “one of the most violent liquidations we’ve had in the ‘altcoin universe’.

As Park sees it, this pullback looks like a market pausing briefly to catch its breath: “It looks serious. But the gains were even more astronomical before that, and that’s a bit of a drain.”

On Tuesday, Ripple’s 10-day, 20-day, 30-day, 50-day, 100-day and 200-day simple and exponential moving averages indicated a strong buy recommendation, according to TradingView data.

A potential danger to the XRP army is a large amount of whale-sized transfers on exchanges. This makes the potentially available supply more liquid and could indicate the intention of the big players to sell.

A surge in whale transfers in November doubled Binance’s XRP whale inflows since late October. The last time this metric was this high was in March 2024, which preceded a 3-month slide for the asset.

3. Strong business model, America’s “secret” weapon?

This fundamental assessment of Ripple’s long-term future prospects as a payments business cannot be understated. Ripple maintains such a good SaaS product with a business and team around it that are so capable that RippleNet could be the US’s secret weapon to maintain global financial hegemony in the face of a fading dollar.

That’s why popular digital asset researcher X Anderson, in a recent post, called XRP “a strategic weapon for the US.”

Main reasons why Ripple along with XRP is a strategic weapon for the US:

Ripple has created a next-generation B2B cross-border payments system controlled by an American company.

RLUSD will be able to expand the use of USD worldwide, especially for financial institutions…

— Anders (@X__Anderson) December 2, 2024

“Ripple has created a next-generation B2B cross-border payments system controlled by an American company,” Anderson wrote. “Ripple holds roughly 45% of all XRP, meaning a US-based company is the largest holder of XRP.”

4. XRP Ledger Daily TXs uptrend

For another fundamental analysis, daily transaction volume on the XRP ledger for decentralized finance may be a reason for the trader/investor bullishness in January.

Total payments from one account to another rose from 0.73 million daily on September 17 to 1.4 million daily on December 16, almost doubling in three months.

Consequently, the payment volume in XRP tokens using the XRP Ledger increased during the same period, from 762 million to 1.99 billion.

Daily active accounts on the XRP Ledger have also kept pace with the appreciation of the Ripple token’s crypto-cash exchange price. Daily unique senders topped 105,000 on December 2nd.

The previous record was just a touch over 50,000 each of the three times that metric has approached the all-time high this month. Daily new account activation figures are also bullish.

5. Trump Effect, Ripple SEC Demand Dust Settles

The Biden administration’s war on cryptocurrency through a very aggressive SEC has ended with the second entrant for New York City and cable TV’s Donald Trump. The president-elect’s appointment of Peter Thiel’s PayPal apprentice David Sacks to be his crypto and AI czar is further proof that the new White House will be friendly and supportive of cryptocurrencies like XRP.

In a November tweet, Ripple’s chief legal officer, Stuart Alderoty, stated that Ripple’s defense against the SEC in US court “provided the blueprint to defeat Gary Gensler’s inexplicable war on crypto.”

During a recent 60 Minutes interview, Ripple CEO Brad Garlinghouse said his company recently launched a new US crypto-focused super PAC called Fairshake because of the “war on crypto” SEC.

His influence on policymakers will come with the weight of his legal victories, his international business partnerships with foreign governments and financial institutions, and his vast financial resources and clearly no shortage of cash, even through a long and costly SEC battle that is taking place at the same time as a severe cyclical bear market for the crypto industry.

6. Dollar and Bitcoin Macrocycles

At the moment, the dollar is in an inflationary cycle of low interest rates. Meanwhile, Bitcoin is in its historic 12-18 month bullish price adjustment phase after a 50% supply cut every four years. The “halving” of this quadrennial occurred on April 20, 2024.

As a result, the price of XRP is caught in a very broad, macro-cycle, multi-month financial swing, which has, in many previous cycles, dramatically increased the daily market rate of altcoins like XRP.

#XRP it’s not dumping, it’s all about the market. Activated by #BTC landfill

The fundamentals are very strong for XRP, if you are a holder, my gut tells me it will hit $5 in February 2025. This is all noise.

Not financial advice. I am not qualified to give any advice. pic.twitter.com/33dtboWwRl

— Vincent Van Code (@vincent_vancode) December 5, 2024

An AI startup founder and Ripple investor who goes by Vincent Van Code at X recently pointed to a $5 target level for XRP’s price in February.

Just as Ripple’s price started to pull back in early December, Van Code wrote: “Fundamentals are very strong for XRP, if you own XRP, my gut tells me it will hit $5 in February of 2025. It’s all noise.”

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