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XRP News: Ripple Whales Buy 830M Coins, Sparking Optimism
Ripple whales appear to be on a buying spree, sparking a rally of over 8% in its native coin today. This development comes as the market optimism soars, especially with the blockchain firm announcing the launch of its stablecoin RLUSD later today. These developments, amid a bullish sentiment noted in the broader crypto market, have fueled optimism over further rally ahead for XRP price.
The recent rally in Bitcoin price to its ATH has fueled the sentiment of investors, triggering a rally in the broader crypto market. Top altcoins have also recorded a significant boost, especially after Donald Trump reiterated his stance to make the US a leader in the digital assets space.
Ripple has also recorded a significant boost after the US election, signaling a growing confidence of investors. Besides, as the Ripple SEC lawsuit is nearing a key deadline in January and US SEC Chair Gary Gensler is set to leave office following that, market sentiment remains high.
RLUSD Launch Fuels Market Optimism
In another XRP news, Ripple has recently announced that its stablecoin RLUSD will mark its launch today, sparking market discussions. Besides, Ripple CLO David Schwartz has lauded the development, saying that the RLUSD going live could unlock “countless opportunities” for developers and users “who want the benefits of XRPL, RLUSD, and XRP.”
Amid this positive market trend, XRP price today was up more than 8% and exchanged hands at $2.58. Its one-day trading volume rocketed 114% to $14.11 billion, and the crypto has touched a one-month gain of 141%. Furthermore, CoinGlass data showed that XRP Futures Open Interest rose nearly 13%, indicating strong market confidence.
Frequently Asked Questions
Q: What is the current market sentiment like for XRP?
A: The market sentiment for XRP is currently bullish, with a rally of over 8% in its native coin today.
Q: What is the significance of the RLUSD launch?
A: The RLUSD launch is significant as it could unlock “countless opportunities” for developers and users, according to Ripple CLO David Schwartz.
Q: What is the current price of XRP?
A: As of today, the price of XRP is $2.58.
Q: What is the current trading volume of XRP?
A: As of today, the trading volume of XRP is $14.11 billion, with a 114% increase in one day.
Q: What is the current market confidence in XRP?
A: According to CoinGlass data, XRP Futures Open Interest has risen nearly 13%, indicating strong market confidence.
Q: What is the significance of the Ripple SEC lawsuit?
A: The Ripple SEC lawsuit is nearing a key deadline in January and has sparked market concerns, with US SEC Chair Gary Gensler set to leave office following that.
Q: What is the current market trend for XRP?
A: The current market trend for XRP is bullish, with a rally of over 8% in its native coin today.
Q: What is the significance of the Bitcoin price rally?
A: The Bitcoin price rally to its ATH has fueled the sentiment of investors, triggering a rally in the broader crypto market.
Q: What is the current market sentiment for the broader crypto market?
A: The current market sentiment for the broader crypto market is bullish, with top altcoins recording a significant boost.
Q: What is the current price of RLUSD?
A: As of today, the price of RLUSD is not available, as it has not yet been launched.
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