bullish

United

DeFi

<p>The cryptocurrency market is facing a correction, partly driven by changes in U.S. monetary policy. Amid this, Ripple Labs-backed XRP has dropped more than 5% in the past 24 hours, trading at about $2.36 during Thursday's early European session. With a market cap of around $235 billion and a 24-hour trading volume of $20 billion, XRP has been stuck in a consolidation phase for the last two weeks.</p>   
<p>Keep reading to find out how XRP could be setting up for a major rally—and what key factors could shape its next move.</p>   
<h2 class="wp-block-heading" id="h-xrp-rally-incoming">XRP Rally Incoming?</h2>   
<p>Despite the short-term decline, XRP has already confirmed the start of a larger bullish trend. After breaking free from a six-year-long triangular consolidation pattern, XRP has signaled the beginning of a macro bull run. This shift follows the election of pro-crypto leaders, including <a href="https://coinpedia.org/news/donald-trump-wins-2024-us-election-crypto-voters-play-a-key-role-in-victory/" target="_blank" rel="noreferrer noopener">Donald Trump, in the U.S. </a></p>   
<p>Additionally, the XRP/BTC pair has bounced off a critical support level, suggesting an ongoing revival for altcoins, particularly driven by institutional investors.</p>   
<h2 class="wp-block-heading" id="h-xrp-whales-are-buying">XRP Whales Are Buying </h2>   
<p>On-chain data from Santiment reveals that XRP whales—investors holding between 100 million and 1 billion tokens—have added over 860 million XRP this week, worth around $2 billion. This significant accumulation shows that large investors are confident in XRP’s future, as the market enters a bullish phase.</p>   
<p><strong>Smart Moves by Ripple: RLUSD Launches! </strong></p>   
<p>Ripple has recently launched its fiat-backed <a href="https://coinpedia.org/news/rlusd-stablecoin-goes-live-price-fluctuates-20-before-stabilizing/" target="_blank" rel="noreferrer noopener">RLUSD stablecoin,</a> which has received strong support from both centralized exchanges and DeFi protocols. This move will help increase XRP’s liquidity, enhancing its role in cross-border payments and making it more attractive to investors.</p>   
<h2 class="wp-block-heading" id="h-technical-analysis-amp-key-levels-to-watch">Technical Analysis &amp; Key Levels to Watch </h2>   
<p>Looking at technical analysis, XRP has broken out of a bullish pennant pattern on the daily chart, suggesting potential upward movement. The formation of an inverted head and shoulders (H&amp;S) pattern could push the price back toward its all-time high of $3.4. </p>   
<p>However, if XRP closes below $2 in the coming weeks, the current bullish outlook could be invalidated, and the ongoing market correction might extend.</p>   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/19133426/Midterm-Target-1024x922.webp" alt="" class="wp-image-395009">
</figure>   
<p>While the current consolidation could offer buying opportunities, investors should remain cautious about potential corrections if support levels fail to hold.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1734595813770">
  <strong class="schema-faq-question"><strong>Why is XRP price down today?</strong></strong> 
  <p class="schema-faq-answer">XRP price dropped over 5% due to a broader crypto market correction, fueled by US monetary policy changes and market consolidation.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734595824735">
  <strong class="schema-faq-question"><strong>Will Ripple's new stablecoin boost XRP's price?</strong></strong> 
  <p class="schema-faq-answer">Ripple's RLUSD stablecoin launch will enhance liquidity and cross-border payments, potentially strengthening XRP’s price in the future.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734595837920">
  <strong class="schema-faq-question"><strong><strong>How much will XRP be worth by the end of 2025?</strong></strong></strong> 
  <p class="schema-faq-answer">XRP might reach a high of $3.99 or an average of $3.07.</p> 
 </div> 
</div>

XRP Price Slips, But Whales Keep Buying – Good Time to Invest?

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