{"id":610878,"date":"2024-12-17T10:30:14","date_gmt":"2024-12-17T10:30:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=610878"},"modified":"2024-12-17T10:30:14","modified_gmt":"2024-12-17T10:30:14","slug":"xrp-price-prediction-as-ripple-rlusd-launches-today-and-this-presale-blasts-past-19-million-with-only-3-days-left-to-listing","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-as-ripple-rlusd-launches-today-and-this-presale-blasts-past-19-million-with-only-3-days-left-to-listing","title":{"rendered":"XRP Price Prediction As Ripple RLUSD Launches Today, And This Presale Blasts Past $19 Million With Only 3 Days Left To Listing"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The XRP price plunged 2% in the last 24 hours to trade at $2.51 as of 02:10 a.m. EST on trading volume that skyrocketed 113% to $15.2 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This comes as Ripple (XRP) confirmed in a press release on Monday that its Ripple XRP RLUSD stablecoin will officially launch on Tuesday across exchanges, including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The release of RLUSD marks a new chapter &ndash; both for the XRP Ledger, as well as <a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\">@Ripple<\/a> for use in our $70B+ payments flows. Combining our 10+ yrs in the business; the rigor &amp; compliance required with stablecoin issuance by a <a href=\"https:\/\/twitter.com\/NYDFS?ref_src=twsrc%5Etfw\">@NYDFS<\/a> chartered company; and an experienced Advisory&hellip;<\/p>\n<p>&mdash; Monica Long (@MonicaLongSF) <a href=\"https:\/\/twitter.com\/MonicaLongSF\/status\/1868697568659566949?ref_src=twsrc%5Etfw\">December 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The news comes after Ripple received approval from the New York Department of Financial Services (NYDFS) on December 10 to launch the RLUSD stablecoin, before which the crypto community had anticipated a December 4 launch.<\/span><\/p>\n<h2>XRP Price Aims For A Breakout<\/h2>\n<p><span style=\"font-weight: 400\">The 4-hour chart of XRP\/USD presents a clear bullish trend over the past several weeks, punctuated by a strong upward move marked with a green arrow. This sharp rally pushed <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\"><span style=\"font-weight: 400\">the price of XRP<\/span><\/a><span style=\"font-weight: 400\"> from the $1.6-$1.8 range to a peak of just under $3.2 before facing strong selling pressure that led to a correction.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following this correction, the price of XRP entered a sideways consolidation phase, as shown by the purple rectangular box. This range-bound movement highlights price stabilization between $2.2 and $2.6, suggesting a period of accumulation after the explosive rally, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0x0adaf134ae0c4583b3a38fc3168a83e33162651e\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the breakout above the consolidation box in the latest candlestick signifies a potential resumption of the uptrend, fueled by a surge in volume. This breakout is a significant pattern, as it typically indicates increasing buying pressure and the possibility of another upward leg.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The 50-day Simple Moving Average (SMA) ($2.3767) is acting as dynamic support, consistently following the upward trend of price. The price remains well above the 50-MA, confirming the bullish short-term trend. The 200-day SMA ($1.6860) is far below the current price, reinforcing the overall bullish sentiment. This gap between the 50-day SMA and 200-day SMA indicates strong momentum and no signs of trend reversal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the Relative Strength Index (RSI) is currently at 60.95, which is in a neutral-to-bullish zone. This level indicates moderate strength without being overbought, providing room for further upward movement. <\/span><span style=\"font-weight: 400\">Previously, the RSI hit overbought levels near the sharp rally, leading to the correction. The current RSI suggests that momentum is building without signs of exhaustion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Moving Average Convergence Divergence (MACD) line (0.0063) and the signal line (0.0243) are close to crossing above the baseline. While the MACD histogram shows minimal positive momentum, the breakout in price and increasing volume may drive the MACD higher in the near term. A bullish crossover would confirm further upward momentum.<\/span><\/p>\n<figure id=\"attachment_610881\" aria-describedby=\"caption-attachment-610881\" style=\"width: 2051px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-610881\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/XRP_2024-12-17_10-10-29.png\" alt=\"XRP Price Chart Analysis Source: GeckoTerminal\" width=\"2051\" height=\"875\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/XRP_2024-12-17_10-10-29.png 2051w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/XRP_2024-12-17_10-10-29-300x128.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/XRP_2024-12-17_10-10-29-1024x437.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/XRP_2024-12-17_10-10-29-768x328.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/XRP_2024-12-17_10-10-29-1536x655.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/XRP_2024-12-17_10-10-29-2048x874.png 2048w\" sizes=\"(max-width: 2051px) 100vw, 2051px\"><figcaption id=\"caption-attachment-610881\" class=\"wp-caption-text\">XRPUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2>Ripple Token Price Prediction<\/h2>\n<p><span style=\"font-weight: 400\">Given the breakout above the consolidation range, supported by increasing volume, bullish moving averages, and healthy RSI levels, the price of XRP could target a retest of the previous high, around $3.0-$3.2. If buyers sustain momentum and the breakout holds, Ripple Token price could establish new highs above $3.2.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if the breakout fails and sellers step in, the XRP price might retest to $1.70 near the 200-day SMA.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the Ripple Token price aims for a sustained rally, investors looking for alternatives may want to consider <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/cryptoallstars\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto All-Stars (STARS)<\/span><\/a><span style=\"font-weight: 400\">, which, according to ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, has the potential to soar 10X after its launch.<\/span><\/p>\n<p><iframe title=\"Crypto All Stars Prepare For 10x Gains Soon!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/1dpnX58pTbc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Crypto All-Stars Presale Surges Past $19.5 Million &ndash; Last Chance To Buy<\/h2>\n<p><span style=\"font-weight: 400\">Crypto All-Stars has raised over $19.5 million as the first ever staking platform for multiple top meme coins emerges as a leading low-price meme coin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Degens are in a hurry to stack $STARS, won over by its MemeVault protocol that allows meme coin fans to lock up their tokens to generate a passive income stream.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and Bonk can currently stake them on the platform and earn passive income in the form of $STARS.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">What Is Crypto All-Stars?<\/p>\n<p>Crypto All-Stars is set to revolutionize the meme coin sector with its innovative &lsquo;Meme Vault&rsquo; platform. &#128165;<\/p>\n<p>This is more than just another meme coin &ndash; it's an entirely new way to interact with the meme coin ecosystem!<\/p>\n<p>&mdash; web3telepath (@web3telepath) <a href=\"https:\/\/twitter.com\/web3telepath\/status\/1824051735708447035?ref_src=twsrc%5Etfw\">August 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">While the current line-up enables staking for holders of around a dozen meme coins, the team says Crypto All-Stars will soon expand to welcome more into the fold.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Traders can also stake STARS tokens for a huge 156% annual percentage yield (APY).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, STARS is available for just $0.0016782. Buy before the presale ends in just 3 days.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/cryptoallstars\" rel=\"nofollow\"><span style=\"font-weight: 400\">Purchase STARS from its official website here using BNB, USDT, or a bank card<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-benji-basenji-price-surges-86-and-this-might-be-the-next-crypto-to-explode\"><span style=\"font-weight: 400\">Basenji Price Surges 86% And This Might Be The Next Crypto To Explode<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/moca-coin-price-prediction-moca-plunges-32-as-this-vote-to-earn-crypto-closes-on-7-million\"><span style=\"font-weight: 400\">MOCA Price Plunges 32% As This Vote-To-Earn Crypto Closes on $7 Million<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a 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href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":610886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-610878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Price Ahead of RLUSD Launch, And This ICO Raises $19M<\/title>\n<meta name=\"description\" content=\"The XRP price plunged 2%, as Ripple RLUSD launches today, and this presale blasts past $19 million with 3 days left to listing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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