Ripple’s XRP has seen a sharp rise in price and growing interest from buyers. This increase comes from multiple positive factors. The launch of Ripple’s RLUSD stablecoin, rising whale activity, and solid technical signals all suggest a likely uptrend. XRP price today is $2.47, showing an impressive 133.2% leap in the past 30 days. This article will explain the current market situation, recent updates, and what might happen next for XRP.
Whales Accumulate Over 830 Million XRP
In the past 24 hours, there has been significant whale activity in the XRP coin market. Reports show that whales have bought over 830 million XRP, showing strong belief in Ripple’s future growth. Large purchases by whales often mean that big players expect prices to rise further. They tend to gather coins during bullish phases, preparing for upcoming price moves.
These large buys have pushed up the XRP price and improved market confidence. In many past cases, such whale activity led to notable price increases. This aligns with current technical signals that show an uptrend is forming.
Ripple’s RLUSD Launch Spurs Market Excitement
Ripple plans to launch its RLUSD stablecoin on Tuesday, December 17. This event could push the XRP price USD even higher. RLUSD is expected to improve liquidity and speed up transactions within Ripple’s system. This development has sparked fresh excitement, even more so than the very well-covered, recent Brad Garlinghouse interview. It has had a clear impact on the market.
The RLUSD launch has already increased buying activity. Over the last 30 days, XRP price has surged 133.2%, reflecting this renewed demand. Experts believe that RLUSD will strengthen Ripple’s network and increase adoption, driving steady growth, and the chance to hit $13.
Technical Analysis: XRP Price Faces Key Resistance Levels
From a technical point of view, XRP price continues to show strength in its current upward trend. Right now, XRP USD is priced at $2.47, while the 10-day moving average is at $2.41, showing ongoing upward movement. The 50-day moving average, at $1.45, confirms the strong rally over the past weeks.
The key resistance levels to watch are $2.93 and $4.39. If the price closes above $2.93, it could trigger another sharp rise. Support for the price remains firm at $0.97, with further safety levels near $2.10 and $2.02 in case of small pullbacks.
Momentum indicators also show positive signals. The Relative Strength Index (RSI) is currently at 65.3, which means XRP price USD is approaching overbought conditions but still has room to grow. The MACD level, at 0.28, has moved into positive territory. This often signals that the price rally will continue.
Analysts now expect XRP price to target mid-term levels of $5.85 and $8.76. If the current momentum holds, XRP USD may revisit its previous all-time high of $3.40 and could even go higher in the months ahead.
Minotaurus (MTAUR): XRP Fans Are Jumping Onboard
Ripple has been getting all the buzz, but Minotaurus (MTAUR) is quickly catching up, impressing crypto enthusiasts with its rapidly growing presale. It has smashed the 870,000 USDT mark in token sales, and the price is now at 0.00008106 USDT—still 59% lower than the upcoming listing price of 0.00020 USDT. If you bought at 0.000040 USDT, you’re already looking at a 102% increase.
Minotaurus (MTAUR) offers real utility for gamers, letting you unlock special in-game features to enhance your experience. As a holder, you also get access to referral bonuses and benefits from the vesting program, incentivizing long-term holders. Plus, there’s the 100,000 USDT giveaway where one lucky winner will claim 50,000 USDT.
With over 15,000 members already part of the community, the hype is real. Don’t wait too long—the price keeps rising, and the opportunity to grab MTAUR at this price won’t last forever.
Conclusion
The combination of rising whale activity, Ripple’s RLUSD stablecoin launch, and clear technical signals has boosted confidence in XRP stock. With its strong price momentum and improving market conditions, XRP price is in a good position to break key resistance levels and continue its upward movement.
While you’re waiting for Ripple to rise, why not explore Minotaurus (MTAUR)? Early access perks, low entry, and high upside make this presale a perfect fit for your portfolio.
