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Whales Rush to Accumulate XRP Amid RLUSD’s Debut on Major Exchange

After establishing itself as a top performer in this bull cycle, XRP price has been moving sideways for the last week, trading within the $2.12-$2.32 range. Although the critical support above $2.10 has remained intact, indicating a strong buyer interest at below levels, the lack of any positive news that had the market in a state of euphoria in the first weeks after Trump’s election appears to be cooling down inflated expectations. The on-chain data, however, paints a different picture for XRP. According to Santiment data shared by Twitter/X crypto analyst Ali Martinez, whales have accumulated 40 million XRP over the last 24 hours, suggesting that seasoned market participants are closely watching for the new breakout. Over the past 24 hours, XRP has added 3.08%, which may be a sign that the market is starting to react to renewed whale activity. Should the momentum continue, XRP may reclaim the recent highs at the $2.7 level. Currently, the main potential catalysts for the XRP price to watch for are RLUSD stablecoin listings, XRP spot ETF approval, and progress in the Ripple vs SEC case. RLUSD stablecoin went live on December 17 on XRP Ledger and Ethereum blockchains, with initial listings on several exchanges and crypto platforms, including Uphold, MoonPay, Archax, and CoinMENA. Although it’s reasonable to assume that any attempt to corner the saturated stablecoin market will be met with fierce competition from established issuers Tether ($140 billion worth of USDT) and Circe ($43 billion worth of USDC), the use cases and utility brought by RLUSD are expected to drive demand for XRP as well. Considering that Ripple’s stablecoin is yet to be listed on Binance or Coinbase, any upcoming listings are likely to be treated by the investors as “buy the rumor, sell the news” events. After the successful debut of Bitcoin and Ethereum spot ETFs, the crypto industry is anticipating approval for other Layer 1 cryptocurrencies, including XRP and SOL. Major players like WisdomTree, Bitwise, and Canary Capital have already filed for XRP ETFs and the leadership change at the SEC brought by Trump’s win makes the approval a much more likely thing than one would expect under Gary Gensler’s reign. Finally, the resolution of the ongoing SEC vs Ripple case also seems like a plausible outcome after Gensler’s resignation effective on Inauguration Day. With crypto-friendly Chair Paul Atkins at the helm, the new SEC is likely to drop non-fraud lawsuits, experts forecast. At the time of writing, XRP is trading at $2.30, positioned at the level of the 9-day exponential moving average (EMA) but holding above the 21-day EMA at $2.24. These indicators suggest a potential short-term bullish momentum, as the price is consolidating near its faster EMA and maintaining support above its medium-term trendline. Should the price successfully move away from its 9-day EMA, this would reliably signify the start of an upward trend. Conversely, a fall below the 21-day EMA would mean the inability to sustain momentum, leading XRP to potentially retest a $2.10 support. For context, the exponential moving average is a type of a moving average indicator that assigns more weight to the recent prices, making it more sensitive to the latest price changes when compared to a simple moving average. The 9 and 21-day EMAs are commonly used by traders to identify short-term trends. RLUSD gets listed on Bullish On Tuesday, Bullish, an institutional crypto exchange backed by tech mogul Peter Thiel, officially listed Ripple’s much-anticipated stablecoin. The exchange users will be able to trade it across seven pairs, namely RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD and SOL/RLUSD. Before Bullish, RLUSD also went live on Bitso, Independent Reserve, and Mercado Bitcoin. The stablecoin became available to the general public shortly after Ripple managed to secure approval from the New York State Department of Financial Services (NYDFS). “Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide,” Ripple CEO Brad Garlinghouse said in a statement. According to CoinMarketCap , RLUSD currently has a market cap of $53 million, which places the stablecoin at the 2,978th place ranked by market capitalization. Over the past 24 hours, it generated a trading volume of $8.6 million, a 719% increase from the day before. RLUSD will be initially available in the Americas, Asia-Pacific, UK, and Middle East regions, CoinDesk reported, quoting Jack McDonald, senior vice president of stablecoin at Ripple. The token won’t be available for EU customers due to the lack of a necessary license to comply with the bloc`s MiCAR regulations, although the company is actively exploring ways to enter the European market. Finbold

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Join HTX’s Festive Season Party: Enjoy Superior Crypto Trading and Open the Door to Wealth

As the year draws to a close, the festive spirit of Christmas and New Year fills the air. HTX, a leading global digital assets trading platform, is kicking off its Festive Season Party, inviting both new and existing users to participate in exciting events with amazing rewards. The HTX team has carefully designed special events across various areas like spot trading, futures trading, and Earn products to make your trading more enjoyable and rewarding. * Event Details: https://www.htx.com.cm/en-us/support/34989004805013 Event 1: Celebrate the Festive Season: Win Up to 39,999 DOGE in the Lucky Draw HTX is having a Lucky Draw to celebrate the festive season! From 12:00 (UTC) on Dec 24, 2024, to 12:00 (UTC) on Jan 3, 2025, users can complete simple tasks like spot trading, futures trading, margin trading, and referrals to enter the Lucky Draw. There are exciting rewards up for grabs, including Futures Trial Bonuses, crypto airdrops, and the grand prize of 39,999 DOGE. * Event Details: https://www.htx.com.cm/en-us/support/34988826264482 Event 2: Win Big in HTX Earn’s Lucky Draw: 888 USDT Top Prize Awaits Join HTX Earn’s limited-time Lucky Draw event from 16:00 (UTC) on December 11, 2024, to 15:59 (UTC) on January 3, 2025. To participate, just visit the event page and click “Register Now.” The event features tasks like exclusive offers for HTX Earn newcomers (Fixed/Flexible/Shark Fin), limited-time tasks (Shark Fin), and daily tasks (USDT Flexible). Complete these tasks to be eligible for exciting rewards, including tokens and coupons, with a top prize of 888 USDT! * Event Details: https://www.htx.com.cm/en-us/support/74988060277328 Event 3: Festive Season Promo: Subscribe to Dual Investment Products to Win Up to $1,500 and Enjoy 10% Extra Rewards From 08:00 (UTC) on December 17, 2024, to 15:59 (UTC) on January 3, 2025, HTX Earn is launching a special limited-time promotion for Dual Investment. To participate, both new and existing users need to click the “Register Now” button. After subscribing to the Dual Investment products and meeting certain requirements, participants will be eligible to earn $1,500 in $HTX and enjoy 10% extra rewards. * Event Details: https://www.htx.com.cm/en-us/support/64988731051713 Event 4: Boosted Welcome Bonus for New HTX Affiliates: $1,700 in Crypto Airdrops and an Exclusive HTX Badge Gift Box HTX is unveiling a special recruitment event for new HTX Affiliates from 16:00 (UTC) on Dec 23, 2024, to 15:59 (UTC) on Jan 27, 2025. Apply through the official website or contact the Business Development team to become an HTX Affiliate. During the event period, new HTX Affiliates who reach an average daily trading volume of ≥50,000 USDT will be eligible for crypto airdrops worth up to $1,500 and receive a special HTX Badge Gift Box. Additionally, those who bring in at least 10 new users to HTX will be ranked on a leaderboard based on the number of valid invitees they bring in. The top 50 HTX Affiliates will receive prizes in crypto airdrops according to their rank, with a maximum reward of $200 per winner. * Event Details: https://www.htx.com.cm/en-us/support/104989245762693 Event 5: Split 2,000 USDT: Share Your Thoughts on Popular Assets in December From December 4 to December 31, 2024 (UTC), create a post with at least 50 words and use the hashtag #Split2000USDTShareYourThoughtsOnPopularAssetsInDecember to share your thoughts on your favorite asset. The asset must be one of HTX’s selected projects, including over 35 options such as HTX, TRX, SUN, DOGE, and more. Users have a chance to win the HTX Community’s Most Popular Post and HTX Community’s Best Post awards. Each week, the platform will select the creator of HTX Community’s Most Popular Post, who will receive a reward of 100 USDT worth of $HTX. A total of four winners will be selected during the event period. In addition, 70 users will be chosen to win the HTX Community’s Best Post award, sharing a prize pool of 1,600 USDT, with each winner receiving up to 30 USDT. * Event Details: https://www.htx.com.de/zh-cn/feed/community/8171270/?back=1 Event 6: Refer Friends and Win Festive Rewards: Top Prize of 2 Billion $HTX Awaits the Lucky Winner Both inviters and new users can win a Holiday Season Gift Pack worth 10 USDT by completing their respective tasks from 16:00 (UTC) on Dec 23, 2024, to 15:59 (UTC) on Jan 3, 2025. There are 1,000 gift packs available each day, distributed on a first-come, first-served basis. Furthermore, the platform will randomly select one lucky winner from inviters who have successfully referred at least 50 valid invitees. This lucky winner will receive the top prize of 2 billion $HTX. * Event Details: https://www.htx.com.cm/en-us/support/54988827865449 Event 7: Super Wednesdays: Refer Friends for Triple Mystery Box Rewards and an Extra 20 USDT Christmas Gift Pack From 16:00 (UTC) on December 24 to 15:59 (UTC) on December 25, for each successful referral who signs up on HTX and completes the designated tasks, both the inviter and the invitee will receive Mystery Boxes with triple rewards. Moreover, if your invitee completes a trade on the same day they sign up on HTX, the inviter will receive a Christmas Gift Pack worth 20 USDT. Similarly, the new user (invitee) will also receive the same gift pack when they complete a trade on their signup day. Each user can only receive the Christmas Gift Pack once. Limited to 200 slots daily. First come, first served! To be eligible for rewards, users are also required to complete Level 3 KYC verification. * Event Details: https://www.htx.com/en-us/support/84989353744187 Event 8: Festive Rewards for New Users: Join HTX to Win up to 5,000 USDT From 16:00 (UTC) on December 22, 2024, to 15:59 (UTC) on January 2, 2025, HTX is offering an exclusive giveaway for new users who sign up on or after the event starts. Participants will receive a new user gift pack of up to 2,025 USDT. Additionally, they also can earn up to 1,000 USDT in Futures Trial Bonuses by funding their futures account and trading futures. During the event, three lucky participants will be randomly selected from those who achieve a spot trading volume of ≥100 USDT or a futures trading volume of ≥500 USDT. Each winner will receive an airdrop of 1,888 USDT. * Event Details: https://www.htx.com.cm/en-us/support/34989187868164 Event 9: The Award Ceremony of 2025 HTX Crypto Ecosystem Annual Gala: Win Up to 1,000 USDT in $HTX Individually From December 26, 2024, to January 13, 2025, the platform will host the 2025 HTX Crypto Ecosystem Annual Gala. During the event, users can vote for nominees and earn entries into the Lucky Draw, with a 100% chance of winning rewards, such as $HTX, Futures Trial Bonuses, Cashback Vouchers, and a grand prize of 1,000 USDT in $HTX. Notably, the Award Ceremony of the 2025 HTX Crypto Ecosystem Annual Gala will be held on the evening of January 13, 2025, where the platform will unveil its 2025 operating plan and the investment outlook white paper. * Event Details: https://www.htx.com.cm/en-us/support/104989346178825 Event 10: Complete P2P Tasks to Share Upsized BTC Prize Pool From 16:00:00 (UTC) on December 18, 2024, to 15:59:59 (UTC) on January 6, 2025, HTX P2P is launching a limited-time BTC Bonanza with increased rewards. Simply complete P2P tasks, including P2P purchases, sharing HTX P2P ads, and trading through HTX Convert, to be eligible to share a prize pool of 10,000 USDT. Please note that users must complete Level 3 KYC verification and click the “Register Now” button to join the event. * Event Details: https://www.htx.com.cm/en-us/support/34988399189452 Closing Thoughts 2024 was a significant year for the cryptocurrency industry, marked by rapid growth, major controversies, and groundbreaking achievements. Bitcoin and Ethereum ETFs were approved at the beginning of the year. The subsequent bull market, combined with the positive influence of the U.S. presidential election, saw cryptocurrencies like Bitcoin reach new all-time highs. This year will undoubtedly be remembered in history. During this transformative year, HTX not only witnessed the industry’s rapid growth but also empowered users with assets that achieved over 10-fold and even 100-fold increases. Looking ahead, HTX will continue to deliver exceptional trading experiences and enhanced user benefits, empowering our global community to embrace the future of crypto. The post Join HTX’s Festive Season Party: Enjoy Superior Crypto Trading and Open the Door to Wealth first appeared on HTX Square . Finbold