Despite a 9% drop in its price, traders remain optimistic about the XRP (CRYPTO: XRP), many are holding onto their positions and anticipating an upward move.
| Cryptocurrency | Course | Market capitalization | 24 hour evolution | Evolution over 7 days |
| XRP (CRYPTO: XRP) | 2,26 $ | $129.08 billion | -8,8 % | -6,3 % |
| Bitcoin (CRYPTO: BTC) | 98 630,61 $ | $1.95 trillion | -5,8 % | -2,8 % |
| Ethereum (CRYPTO: ETH) | 3 474,60 $ | $418.8 billion | -10,5 % | -11,8 % |
Notes des traders : Crypto trader Javon Marks said that XRP’s previous bull cycle saw the coin make a profit of 600 times its capital.
He suggests that XRP could repeat this performance and surge 6,800% to around $168 in the current cycle.
Many traders revealed their personal holdings:
- Dr. Profit noted that XRP was overbought on smaller time frames, signaling an impending correction. Since his short entry, XRP has fallen 17%, prompting him to lock in profits on half of his position while holding on to his shares for the long term.
- CrediBULL Crypto went long after XRP reached an optimal trading entry zone on smaller time frames, expressing hope for a rebound.
- Blockchainedbb sold its XRP after realizing a 300% gain on its entry price. It plans to return to $1.5–1.7, with a final target of $7.
Statistics: Crypto analyst Ali Martinez reported that whales purchased an additional 110 million XRP in the last 24 hours.
Community News: During an interview with eToro on December 19, Ripple CEO, Brad Garlinghousediscussed the company’s use of stablecoins such as USDC and Tether, pointing out that Ripple once issued 20% of all USDC.
Garlinghouse pointed out that stablecoin regulation could position Ripple’s RLUSD stablecoin as a key driver of XRP’s next rally.
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