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XRP crashes below $2, erasing $24 billion in a day

XRP took a sharp nosedive, slipping below the crucial $2 mark and sending shockwaves through the crypto community. Currently trading at $1.97, XRP fell from $2.41 in less than 24 hours, marking a staggering 18% drop for the day. XRP 1-day price chart. Source: Finbold The market cap tumbled from $137.8 billion to $113.8 billion, resulting in a loss of $24 billion in value within a day. XRP 1-day market cap price chart. Source: CoinMarketCap Trading volume surged to $24.75 billion, an 8.38% increase over the last 24 hours, signaling intense market activity as traders scrambled to reposition. XRP is still trading above its 200-day simple moving average, suggesting that the broader trend remains positive despite the correction, as the token remains up 76.35% in the past month Over the past 30 days, XRP has seen 17 green days out of 30, reflecting a 57% positive trading streak. Key XRP levels to watch In the short term, traders are eyeing the $2 psychological level as a critical marker for recovery. The immediate support level lies at $1.92, and if this holds, XRP could stabilize and attempt to reclaim higher ground. On the upside, the resistance level at $2.55 will be the next challenge for the bulls. While the sudden crash has rattled investors, the overall outlook remains cautiously optimistic. Traders and analysts will closely monitor whether XRP can quickly bounce back above $2, a move that could restore confidence and set the stage for renewed upward momentum. Interestingly, a lot of chart analysts on X (formerly Twitter), such as Crypto Tony, had suggested that XRP was holding up relatively well compared to other altcoins before the price continued to cascade downward. This false sense of resilience was quickly shattered as selling pressure mounted. Renowned on-chain analyst Ali Martinez added to the discussion, noting that if XRP rebounds to $2.62, a significant 20.50 million in short positions could face liquidation. $20.50 million in short positions will be liquidated if $XRP rebounds to $2.62! pic.twitter.com/IKMCIolaiV — Ali (@ali_charts) December 20, 2024 This potential squeeze could serve as a catalyst for a swift recovery if the market sentiment flips bullish. Featured image via Shutterstock The post XRP crashes below $2, erasing $24 billion in a day appeared first on Finbold . NewsBTC

Cardano Price Prediction: Can ADA Mark New ATH as JetBolt Whale Activity Rises

Cardano (ADA) is making headlines as it surges 32.1% this month. Market watchers are now posing the question: Fueled by a robust recovery above $1, can ADA mark a new ATH soon? The release of Hydra, a new scalability enhancement, has further solidified Cardano’s position as a dominant force in altcoin discussions. But it’s not the only player turning heads— JetBolt (JBOLT) is sparking major buzz with its innovative zero-gas technology and user-focused platform. As its presale gains further traction after hitting over 200 million in token sales, JetBolt has become one of the most talked-about altcoins this season. Will ADA maintain its momentum and continue its march towards a new all time high, or will its journey take another unpredictable turn? Can JetBolt steal the spotlight with its zero-gas revolution? Dive in as we explore the latest Cardano price prediction as JetBolt whale activity rises. Cardano Price Prediction: New ATH on the Horizon? Cardano (ADA) has solidified its reputation as a leading blockchain platform, renowned for its scalable, eco-friendly design that appeals to developers and innovators alike. Upgrades like Hydra, increasing real-world adoption, and strong staking support continue to bolster its reputation. Binance analysts project ADA could reach $7 by 2025, supported by these advancements. ADA trading sideways. Data from CoinGecko showing the 7-day price movement. However, while ADA has gained an impressive 79.5% year-to-date, its path to a new all-time high remains uncertain. Large transactions on the network have tripled since November, climbing from 3.32k to 10.2k, but they’ve also pulled back sharply from a peak of 21.97k, reflecting a recent slowdown in activity. This mixed performance underscores both the promise and challenges facing Cardano. Whether ADA can sustain its momentum or plateau short of a new all-time high remains a pivotal question as the market assesses its next move. JetBolt Whale Activity Rises: 200M Tokens and Counting Excitement around JetBolt (JBOLT) is surging as its groundbreaking zero-gas technology grabs the attention of enthusiasts across the crypto landscape. With over 200 million tokens sold during its presale, JetBolt has captured the attention of savvy crypto whales and created significant market buzz. Remarkably, JetBolt launched with a fully functional ecosystem right from the presale stage. Built on the Skale Network, JetBolt’s zero-gas technology eliminates gas fees entirely, enabling lightning-fast and cost-effective transactions. This innovation not only streamlines the user experience but also unlocks new possibilities for developers and projects across various blockchain applications. Adding to its appeal, JetBolt features an AI-powered tool that curates Web3 news and content, keeping users informed and engaged. Its intuitive staking system rewards users not only for staking but also for actively participating on the platform, enhancing the overall ecosystem. JetBolt’s Web3 wallet simplifies blockchain onboarding, allowing users to buy JBOLT tokens with no prior crypto experience or complicated Web3 wallet setup required. Features like face ID authentication ensure a secure, seamless experience powered by WebAuthN technology, breaking down traditional barriers to Web3 adoption. To further entice early adopters, JetBolt offers Alpha Boxes , which include discounts on batch token purchases and bonuses of up to 25% in JBOLT tokens. These exclusive rewards have fueled growing interest, particularly among tech-savvy whales. Final Thoughts: Can ADA Mark New ATH as JetBolt Whale Activity Rises? Cardano’s strong recovery and ongoing developments like Hydra showcase its potential for long-term growth, though challenges remain on its path to a new all-time high. Meanwhile, JetBolt’s revolutionary zero-gas technology and other user-centric features are shaking up the altcoin market, with its presale success underscoring growing confidence among whales. Learn more about JetBolt here: Official Website: https://jetbolt.io/ X/Twitter Page: https://x.com/jetboltofficial Cryptocurrencies are known for their high volatility and unpredictability. The information provided here is for informational purposes only and should not be taken as guidance for trading or decision-making. Always do your own research (DYOR) before participating in any crypto-related activities. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . NewsBTC

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