XRP Financial News

Franklin Templeton Investments is seeking regulatory approval to launch a new crypto index exchange-traded fund, the firm said on Thursday, as asset managers hope to cash in on the crypto wave amid Donald Trump's victory in U.S. presidential elections. Trump embraced digital assets during his campaign, promising to make the U.S. the «crypto capital of the planet» and to accumulate a national stockpile of bitcoin.

cryptocurrency market remained highly volatile as Bitcoin experienced another sharp price swing. On Monday, Bitcoin dropped below $92,000 after US President Donald Trump announced plans to impose significant tariffs on imports from Canada, Mexico, and China, triggering panic among investors. However, Bitcoin rebounded on Tuesday after the US halted planned tariffs on Canada and Mexico, easing global trade war concerns. As of 11:14 am, Bitcoin was trading at $99,222 after hitting a day's high of $102,514.

In this article

Crypto prices are showing signs of recovery from the past two trading sessions, ahead of U.S. consumer price data due on Wednesday that could potentially shift the monetary policy outlook. Bitcoin, which had fallen to $89K, a level it hadn’t seen in 24 days, has rebounded strongly, surging to the $97,000 level. As of 11:00 am IST, Bitcoin was trading at $96,932, up 2.15%, after hitting an intraday high of $97,650. Ethereum surged 1.2% to $3,222. Meanwhile, the global crypto market cap saw a 2.5% rise, reaching $3.37 trillion.

crypto market displayed bullish momentum today, with Bitcoin (BTC) crossing $95,000 after briefly dipping to $92,000. Other major tokens, including Stellar, XRP, and Solana, surged by as much as 21% in the past 24 hours. As of 11:07 am IST, Bitcoin was trading at $95,560, up 2%, with an intraday high of $95,824. Ethereum was also up 1.9%, trading at $3,409.

U.S. Federal Reserve's hawkish comments on the Bitcoin Strategic Reserve and a weaker-than-expected inflation forecast for 2025. Although the Fed implemented a widely anticipated 25-basis-point rate cut earlier this month, its projection of just two rate reductions in 2025 fell short of market expectations for three or four cuts. This cautious outlook dampened investor optimism.

Bitcoin was trading with a negative bias on Friday amid selling pressure near the resistance of $1,00,000. AT 1:15 am, it was trading at $95,343.50, higher by 2.51%. Most major altcoins were trading with a negative bias around this time including Ethereum (ETH), Tether, XRP, BNB, Solana, Dogecoin, Cardano, Tron, Shiba Inu, Toncoin and Avalanche. They were lower by up to 4% around this time. The weakness in crypto assets has been on account of the hawkish Federal Reserve commentary which has hinted at a shallower rate cut in 2025. In its December monetary policy announcements, the Central Bank said that its 2% inflation target was unlikely to be achieved in the coming year.

Bitcoin slipped below the $95,000 mark on Tuesday and was trading at $94,035.31 around 1 pm India time, going down by 1.3% over the past 24 hours. After a cracking rally following President-elect Donald Trump’s re-election, BTC has been in consolidation mode and has corrected by 13% from its all-time high of $108,268.45. However, most major altcoins were trading positively around this time with gainers including Ethereum (ETH), XRP, BNB, Solana, Dogecoin, Cardano, Shiba Inu, Toncoin and Avalanche. They were higher by up to 7% around this time. Tether was flat though the bias was negative.

Bitcoin hit a new all-time high of $108,250 and other major coins such as Ethereum, XRP and BNB have traded near all-time highs fueled by the anticipation of a 25 basis points rate cut by the Fed. Since the time BTC hit an all-time high, the market dynamics have changed quite a bit, taking the crypto market cap down to $3.2 trillion. Despite the dip, key developments in the establishment of Bitcoin reserve, Ripple stable coin and others are keeping the market sentiment strong with buying interest emerging at the lower levels. As we move to the last week of the year, let's take a look at how the previous week changed the crypto dynamics.

crypto assets on Thursday including Bitcoin (BTC), which was trading with minor declines. Around 1:15 pm, it was trading at $97,882.44, down by 0.07. Most major altcoins were trading with a negative bias around this time including Ethereum (ETH), Tether, XRP, Solana, Dogecoin, Cardano, Tron, Shiba Inu, Toncoin and Avalanche. They were lower by up to 5.5% around this time. However, Tron and BNB were trading in the green and were up by 0.16% and 0.73%, respectively.

volatility. As of 11:42 am, Bitcoin was down 0.1% at $96,158, after hitting a daily low of $94,482 and a high of $97,430. Last week, the cryptocurrency experienced significant volatility, dipping to an intraday low of $90,770 on Wednesday.

What is causing the XRP price movement? The first and foremost reason for XRP’s recent climb is the positive trend of the entire cryptocurrency market, which seems to be leveraging XRP’s growth strategy quite well. As the market witnessed an increase with Bitcoin scaling over $93,000 and Ethereum scaling over $3,100, these two effective cryptocurrencies set the pace for the entire market. Moreover, Ripple’s legal conflict with the SEC has also competed favourably. A win in this litigation clarified things about the regulation and removed most of the ambiguity that had suffocated XRP’s performance. Other recent occurrences, such as the ratification of the joint motion for a final judgement, have, in addition, rekindled investors’ confidence. Furthermore, other geopolitical and market forces are also coming into play. l Crucial are technical factors, XRP is testing a major resistance level of $1.25. Should this level be crossed, this may stimulate further demand, pushing the price towards the next target of $1.50. If the bullish scenario were to extend, XRP may even target the highest mark of $3.84.

Robinhood Markets (HOOD) is broadening its crypto offerings for U.S. traders, adding tokens like Solana (SOLUSD) and meme coin Pepe (PEPEUSD), as the frenzy continues for Bitcoin (BTCUSD) and other digital assets in the wake of Donald Trump's presidential election win.

Major tokens, including Bitcoin, Ethereum, BNB, Solana, and Toncoin, recorded declines of up to 6%, while others such as XRP, Dogecoin, Shiba Inu, Polkadot, and NEAR Protocol saw gains of up to 10%.

In the growing world of decentralised finance (DeFi), the token Rexas Finance (RXS) is meant to be the main engine of the Rexas Finance platform, which aims to provide several solutions for the tokenisation of real-world assets. This allows businesses and people to tokenise the owned property, improve asset management, and facilitate access to funds without a conventional banking system. As the world of finance is constantly evolving with the advancement of blockchain technology, Rexas Finance has established its unique position by specialising in the tokenisation of assets. Asset tokenisation offers liquidity, synchronous transactions, and even better security, which are considered among the several factors that are attracting a lot of attention from institutional as well as retail investors, and the trend is only going to grow in the future. Presale stage four sells out earlier than predicted, hit

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Ripple’s XRP has recently displayed resilience despite ongoing regulatory pressures. The token faced an 18% drop earlier in October due to renewed legal uncertainties with the U.S. Securities and Exchange Commission (SEC).

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Over the past 24 hours, the XRP price has remained relatively stagnant, with a slight 0.5% dip. One analyst, however, argues that this slowed pace may be a build up to an impending parabolic breakout, just ‘days’ away.