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$XRP Grayscale XRP Trust Investors See Massive Gains:: 👉Early investors in Grayscale’s XRP Trust will likely be smiling to the bank this holiday. The product, which re-launched in September 2024, looks set to end the year with a share price gain of over 300% since inception, surging from $10.85 to $45.46 at the time of writing. 👉Interestingly, most of XRP’s gains that reflected in the XRP trust share price have come within the past month primarily due to Donald Trump’s election victory, which has sparked a wave of pro-crypto sentiment amid promises made to the industry on the campaign trail. 👉Chart showing Grayscale XRP Trust share price performance since inception Source Grayscale At the same time, many believe that the regulatory cloud that has long shrouded the asset may be dissipating. For context, XRP has been at the center of an SEC lawsuit from 2020 alleging that Ripple, one of the project’s primary developers, broke securities laws through its sale of the asset.

The Altcoin Season Index provided a comprehensive overview of the broader market dynamics. The index was 49 at press time, signaling a neutral stance between Bitcoin and altcoins. This follows a sharp decline from its earlier high of 75, which marked a dominant altcoin rally. This drop suggests a shift in market sentiment, with Bitcoin regaining favor. Mixed performances within the altcoin sector accompany the index’s decline. Notable assets such as Ethereum [ETH] (up 2.5%) and Solana [SOL] (up 4.14%) have posted gains, yet the broader altcoin market remains fragmented. The oversold/overbought chart offers additional insight, showing a divergence in performance. XRP and Aave [AAVE] are in overbought territory, implying potential corrections, while oversold assets highlighted buying opportunities for speculative traders.$AAVE $SOL $ETH

The Altcoin Season Index provided a comprehensive overview of the broader market dynamics. The index was 49 at press time, signaling a neutral stance between Bitcoin and altcoins. This follows a sharp decline from its earlier high of 75, which marked a dominant altcoin rally. This drop suggests a shift in market sentiment, with Bitcoin regaining favor. Mixed performances within the altcoin sector accompany the index’s decline. Notable assets such as Ethereum [ETH] (up 2.5%) and Solana [SOL] (up 4.14%) have posted gains, yet the broader altcoin market remains fragmented. The oversold/overbought chart offers additional insight, showing a divergence in performance. XRP and Aave [AAVE] are in overbought territory, implying potential corrections, while oversold assets highlighted buying opportunities for speculative traders.$AAVE $SOL $ETH

Big moves are on the horizon for Ripple as the company plans to release a hefty 1 billion XRP on January 1. This unlock is part of Ripple's pre-scheduled monthly release plan, where a portion of the escrowed XRP supply is made available. The release will boost the circulating supply of XRP by 1.74%, shaking up the token's market dynamics. For context, Ripple locked up 55 billion XRP in escrow back in 2017 to ensure a predictable supply schedule and prevent flooding the market. Since then, Ripple has consistently unlocked and utilized XRP for various purposes, including funding its operations, supporting the ecosystem, and enabling partnerships. So, what does this mean for XRP holders? An increase in circulating supply could lead to more liquidity and potentially affect XRP’s price. While some worry that more tokens in circulation might apply downward pressure on the price, Ripple’s track record shows that not all unlocked XRP ends up on the market. Ripple often reserves a chunk for later use, minimizing the impact. As January 1 approaches, all eyes will be on XRP's market performance. Whether this unlock triggers a price shift or just adds liquidity, it’s bound to be an exciting start to the new year for Ripple enthusiasts. $XRP

30,171,667 $XRP Sent To Coinbase, Selloff Incoming? XRP is whale a potential selloff amid whale transfer to Coinbase. XRP price has managed to stay resilient despite visible bearish sentiments. RLUSD stablecoin launch may boost $XRP liquidity and price in the long run. Amidst the festivities that come with the Christmas holiday, some investors and traders have remained active. $XRP price action during Christmas season could be on an exciting ride. A recent transfer of over 30 million $XRP to Coinbase cryptocurrency exchange was spotted onchain. Notably, this transfer has raised concerns about a potential selloff, which could negatively impact the price of XRP. Latest $XRP Whale Action and Market Impact Blockchain security tracker Whale Alert noted that this 30,171,667 $XRP transfer had a value of $69,244,848 at the time. The funds shifted from an unknown wallet with the tag “rBgEsEX.” 🚨 🚨 🚨 30,171,667 #$XRP (69,244,848 USD) transferred from unknown wallet to Market observers are most concerned that the transaction came from an individual wallet to a major exchange. Ordinarily, this situation precedes an imminent selloff. Conversely, it could be seen as a whale moving their assets to self-custody. XRPWallet, a community enthusiast that tracks large movements of the Ripple-associated cryptocurrency, believes the transaction is just a Coinbase-to-Coinbase transfer. It may only be an internal operation of the Brian Armstrong-led crypto exchange and nothing more. If this is the case, the XRP ecosystem may have nothing to worry about regarding the impending sell pressure. XRP Price in Ongoing Market Rally Whatever the case may be, a transfer this large is capable of fueling negative sentiments for the coin. Regarding price, XRP price has had a slight fall amid growing attempts for a rebound in the past 24 hours. According to market data, the coin has lost 2.09% of its recent price gain and is now trading at $2.27. Despite this mild drawdown, XRP is still the fourth-largest cryptocurrency by market cap. If market conditions become more favorable, XRP may pare off these losses amid the so-called “Santa Rally.” Per an earlier analysis from The Coin Republic, market analysts recently identified that the XRP price chart signals a potential breakout. With so much optimism, analysts are looking forward to a $4 price target for the coin. Top Analyst Rose Premium Signals highlighted that the XRP price is currently in a correction phase, which presents possible buying opportunities. According to the analyst, $1.9280 is the key rebuy zone for XRP, with $4 set as the final target for the next price. Other analysts have also identified a striking parallel between the current XRP’s price actions and its historical rally in 2017. Ripple RLUSD and Impact on Price Growth As part of the trends in the XRP ecosystem, Ripple’s United States dollar-pegged stablecoin RLUSD eventually launched on top global exchanges last week. These exchanges include Uphold, MoonPay, CoinMENA, ArchaxEx, and Bitso. A few days ago, Independent Reserve became the first Singapore cryptocurrency exchange to list the stablecoin. Other potential partners are Bullish, Mercado Bitcoin, Bitstamp, and Zero Hash. Several $XRP community members remain concerned about the potential impact that RLUSD could have on XRP’s utility and price. To allay their fears, Ripple President Monica Long has discussed the key implications of RLUSD for the $XRP ecosystem. In her exposition, she said the two assets are very different from each other and serve different purposes. Despite these dissimilar functions, the price of $XRP still dropped by a few percent immediately after Ripple launched the stablecoin. Recently, it was reported that RLUSD could make a monumental impact by introducing $11.55 trillion into the XRP Ledger. This massive liquidity move would revolutionize global payments and trigger an XRP price surge. Disclaimer The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate. Our Newsletter Subscribe to our newsletter to get the latest news and promotions. xrp Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.