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XRP has experienced a notable rebound, surpassing the 2.5 USDT mark. As of the latest update, XRP is trading at 2.5092 USDT, reflecting a 24-hour increase of 6.85%.

According to U.Today, Ripple CEO Brad Garlinghouse is set to appear in an upcoming episode of '60 Minutes,' scheduled to air on December 8. Garlinghouse announced the official date on the X social media platform, highlighting the significance of the interview for the cryptocurrency industry. The discussion is anticipated to center around the ongoing efforts to achieve regulatory clarity for cryptocurrencies in the United States. Garlinghouse's interview comes at a pivotal time for the crypto sector, as industry leaders continue to advocate for clearer regulations. In a recent social media post, Garlinghouse expressed optimism that the potential departure of SEC Chair Gary Gensler could positively impact the industry. This sentiment echoes previous remarks by Solana co-founder Anatoly Yakovenko, who described Ripple's recent legal victory as a significant setback for the SEC's stance against cryptocurrencies. The '60 Minutes' segment is also expected to highlight the recent performance of XRP, Ripple's affiliated token, which has seen a remarkable surge in value. On December 3, XRP reached a multi-year high of $2.82, as reported by CoinGecko. This development underscores the growing interest and momentum within the cryptocurrency market. '60 Minutes,' known for its in-depth reporting, is the longest-running news program in American television history, having aired over 2,500 episodes since its inception in 1968. The upcoming episode featuring Garlinghouse is anticipated to provide valuable insights into the challenges and opportunities facing the cryptocurrency industry.

XRP traders may face significant risks if Bitcoin dominance continues its upward trend, according to Swyftx lead analyst Pav Hundal. Despite XRP's recent rally, which saw it hit a yearly high of $2.85 on Dec. 3, the token has since retraced nearly 18%, sparking concerns among leveraged traders banking on a rebound.Bitcoin Dominance: A Looming ThreatAt the time of writing, Bitcoin's dominance stands at 55.30%, down 5% over the past week. Analysts speculate that this metric could peak between 60% and 70% before altcoin capital rotations begin. Hundal warns that a rise in Bitcoin dominance could result in a "bloodbath of liquidations" for leveraged XRP positions, as traders shift their focus back to Bitcoin.“The real danger right now for highly leveraged XRP bulls is that Bitcoin dominance increases again. A rotation from XRP to Bitcoin would very likely lead to a bloodbath of liquidations,” said Hundal.Surge in Leveraged XRP PositionsData shows that XRP open interest (OI) — the total number of unsettled derivative contracts — hit $3.44 billion on Dec. 5, marking a $1.44 billion increase compared to its 2021 rally. Traders have increasingly "reloaded" long XRP positions, despite the token’s price moving lower, reflecting heightened speculative interest.“The market seems to have developed a thirst for leveraged long XRP exposure,” Hundal noted, adding that retail activity has surged, with open interest nearing double the levels seen in 2021.At publication, XRP is trading at $2.37. A further 7% decline to $2.18 could liquidate $104.4 million in long positions, amplifying volatility.Market Approaching 'Euphoria Territory'?XRP has gained significant momentum since the U.S. presidential election, with a 431% rally triggered by Donald Trump’s victory. However, Hundal believes the market may be nearing "euphoria territory," as traders' exuberance over-leveraged positions could lead to heightened risks.The XRP/BTC ratio, a measure of XRP’s strength relative to Bitcoin, has risen by 47.6% over the past 30 days, highlighting the token's robust performance. However, Hundal cautioned that stability in Bitcoin's price could be essential for easing market jitters.“If Bitcoin stabilizes, it could soothe nerves and spot volumes could pick up again,” Hundal said.Outlook for XRP BullsWhile XRP remains a favorite among retail traders, the combination of rising Bitcoin dominance, leveraged exposure, and high open interest levels suggests the potential for significant volatility. Traders are advised to monitor market trends closely as Bitcoin’s dominance and macroeconomic conditions play a pivotal role in shaping XRP's trajectory in the near term, according to Cointelegraph.

According to BlockBeats, Swyftx's Chief Analyst Pav Hundal highlighted on December 6 that XRP has experienced a nearly 18% decline since reaching its annual peak on December 3. Despite this downturn, traders remain hopeful for a robust price rebound. However, the real threat for highly leveraged XRP long traders lies in the resurgence of Bitcoin's dominance. The potential shift of funds from XRP to Bitcoin could lead to broader liquidations.Pav Hundal noted that in recent weeks, there has been a rapid influx of retail investors buying large positions, with the current open interest nearing twice the levels seen in 2021. The market appears to have developed a "craving for leveraged long exposure to XRP." Despite the price drop, XRP longs continue to increase their positions, suggesting that the market might be approaching a FOMO (Fear of Missing Out) zone. This situation underscores the precarious balance in the cryptocurrency market, where shifts in investor sentiment and market dynamics can lead to significant volatility and potential risks for traders.

XRP's performance took a sharp turn as it dropped 13% in the past 24 hours, trading at $2.30 on December 5. This comes as Bitcoin (BTC) reached a historic milestone, smashing past $100,000 to a new all-time high. The dramatic divergence in performance has raised questions about whether the altseason is coming to an end. What caused this sharp XRP downturn, and what’s next for the token?Why is XRP tumbling when Bitcoin is achieving historic highs? "Liquidation spikes and a shift in market sentiment have significantly impacted XRP's momentum," noted a CoinGlass analyst. XRP has been on a correction path since December 3, losing 25% of its value after peaking at $2.90. Its market capitalization fell 8%, slipping to $133 billion and dropping below Tether (USDT). Bitcoin, meanwhile, continued its upward momentum, reaching $104,000. Despite XRP outperforming Bitcoin in November with a 354% surge, the tides turned on December 3, with XRP losing all its December gains against BTC.Liquidations added to XRP’s woes, with $12.8 million in long positions wiped out compared to $7 million in short liquidations. Futures open interest also declined from $4.3 billion, but it remains significantly higher than November's $722 million baseline.Technical indicators suggest XRP might rebound with a bull flag pattern emerging on the four-hour chart. A decisive break above $2.37 could push XRP to $4.83, potentially reversing its losses. However, the RSI has dropped significantly, signaling that a deeper correction is possible. If XRP fails to hold support at $2.05, it risks sliding further to the $1.68 level."XRP’s short-term prospects hinge on its ability to maintain key support levels amid volatile market conditions," said a crypto strategist.As of now, XRP trades at $2.30, reflecting heightened market uncertainty. With Bitcoin standing strong at $102,511, traders should watch key support and resistance levels. Stay updated with Binance News for the latest on XRP, Bitcoin, and the crypto market. 

According to Finbold, Ripple's XRP has demonstrated impressive performance in November and early December 2024, capturing the attention of investors and capital deployment. Despite this success, various indicators suggest that XRP, the native token of the XRP Ledger (XRPL), may soon face a corrective downturn, raising concerns within the trading community.On December 3, XRP reached an all-time high market capitalization of $165.74 billion, with each token valued at $2.90. This achievement occurred despite the token trading below its all-time high price of $3.40. The rally propelled XRP to become the third most valuable cryptocurrency by market cap, surpassing Solana (SOL) and Tether's USDT. The peak market cap indicates significant demand, even as Ripple continues its token unlocks and sales, contributing to circulating supply inflation. Ripple, the largest holder of XRP, is reportedly preparing for what could be its final major sale of 2024.As demand for XRP peaks, technical indicators point to potential market fatigue. The daily relative strength index (RSI) for XRP has been above 75 points since November 11, signaling an overbought condition. During the peak market cap, the RSI reached 95 points, a level often associated with impending corrections. The weekly RSI also presents a concerning signal, currently at 91.17, suggesting a possible overdue correction. Historically, when XRP's weekly RSI reached similar levels, the token experienced a significant decline, dropping nearly 80% from November to December 2020.Additionally, decentralized finance analyst Andrei has cautioned traders against excessive leverage. He highlighted CoinGlass's funding rate heatmap, which reveals an imbalanced crypto market heavily skewed towards long positions. Currently, XRP long position traders are required to pay short-sellers a 66% annual percentage rate (APR) funding rate, indicating a potential long squeeze that could drive XRP's price downward.Despite these warning signs, XRP may still find the momentum to continue its upward trajectory, as it has done in the past. However, the inherent volatility and unpredictability of cryptocurrencies necessitate caution from traders and investors navigating this turbulent market.

According to CoinDesk, a recent governance vote has significantly reduced the minimum fees required to open an account on the XRP Ledger (XRPL), the network utilizing XRP, by 90%. This decision comes during a period of substantial price increases for the major cryptocurrency token.Network validator @aesthetes_art confirmed the change in a social media post, stating, "Together with other UNL Validators, we’ve voted to reduce the #XRPL Reserves." As a result, it is now ten times cheaper to begin operations on the XRPL. The account reserve requirement has been lowered from 10 XRP to 1 XRP, while the fees for creating trust lines or objects have decreased from 2 XRP to 0.2 XRP.Account activation on the XRP Ledger involves making an account operational on the network. A reserve is the minimum amount that must be held in any XRP address to enable fund transfers. Initially, every XRP address is non-activated, meaning it cannot send or receive funds until it is activated. This mechanism is designed to prevent spam accounts by imposing a cost on creating multiple accounts.Additionally, the base reserve requirement pertains to the fee associated with owning an object on the ledger. An object can be any data element stored by the ledger, such as payment channels, escrows, offers, or transactional information.The reduction in fees coincides with a surge in account creation activity on the XRPL in recent days. Network data indicates that over 30,000 accounts were created earlier this week, a significant increase from the usual figure of under 2,000 in previous weeks.Several fundamental and regulatory developments have contributed to a more than 400% increase in XRP prices over the past 30 days. This surge has propelled XRP to become the third-largest token by market capitalization, reaching price levels not seen since early 2018.

According to Cointelegraph, the XRP Ledger has significantly reduced its base reserve requirements, lowering them from 10 XRP ($25.60) to just 1 XRP ($2.56) as of December 2. This change is expected to facilitate easier entry for new users by allowing them to fund their wallets with a smaller amount of cryptocurrency, potentially removing a barrier to adoption. Additionally, existing users can now utilize some of the XRP they previously had to keep in reserve.The adjustment in reserve requirements was implemented at 10:45 pm UTC and was announced by the pseudonymous XRP validator operator Vet. Alongside the base reserve reduction, the owner reserve has also been decreased from 2 XRP ($5.12) to 0.2 XRP ($0.51). This means users are now required to hold only 0.2 XRP per object in their accounts, which can include non-fungible tokens (NFTs), trust lines, signer lists, or owner directories. The reserve system was initially designed to prevent the ledger from growing beyond the storage capacity of nodes and to deter the creation of spam accounts with minimal XRP holdings. However, some developers have criticized the high reserve requirement, arguing that it has hindered the network's adoption.On October 16, XRP Ledger developer WietseWind announced that all nodes managed by the XRPL Labs development team had been configured to process the lower reserve requirement, enabling them to vote for the change. WietseWind acknowledged potential drawbacks, such as increased ledger activity that could challenge infrastructure capacity. However, he viewed this as a positive issue, indicating higher user engagement and activity. He expressed confidence that engineers could manage the additional network stress and develop solutions to accommodate it. Although the change was implemented on XRPL Labs nodes in October, it required a validator reset and a vote from all validators, which was completed by December 2.This development coincides with a period of rapid growth for XRP, the native coin of the XRP Ledger. Prior to Donald Trump's election as U.S. President, XRP was valued at less than a penny per coin. Since then, it has surged to $2.65, marking its highest level since February 2018. Meanwhile, Ripple Labs, the founding development team behind XRP, continues its legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC contends that XRP is a security and should have been registered accordingly, while Ripple disputes this classification. Ripple has been fined $125 million in the lawsuit but has appealed the decision.

According to Foresight News, recent data from XrpScan reveals that the RLUSD Treasury minted approximately 9.9997 million RLUSD tokens around 13 hours ago, suggesting ongoing testing of the RLUSD stablecoin.Previously, Foresight News reported that insiders have indicated the New York Department of Financial Services has communicated to Ripple its intention to approve the issuance of the RLUSD stablecoin. Ripple is planning to officially launch this stablecoin on December 4. 

According to U.Today, the debate surrounding the decentralization of Ripple and the XRP Ledger has intensified, with blockchain researcher Justin Bons criticizing the network's reliance on Unique Node Lists (UNLs). Bons argues that this reliance indicates a centralized and permissioned system, akin to a proof of authority (PoA) model, which he believes is inferior to the trustless frameworks of proof of work (PoW) and proof of stake (PoS). He claims that the Ripple Foundation exerts significant control over the network, citing dynamic changes to UNLs managed through foundation-hosted infrastructure as evidence of centralized oversight.Bons further contends that the requirement for a 90% overlap in UNL configurations to prevent forking exemplifies an exclusionary and permissioned model. He also highlights the absence of crypto-economic incentives for validators, which he sees as a flaw in the system, arguing that it lacks both decentralization and alignment with core cryptocurrency principles.In response to these criticisms, Ripple's Chief Technology Officer, David Schwartz, has offered a different perspective. Schwartz emphasizes that validators have a minimal role in determining the network's fairness or security, as their influence is limited to short-term transaction ordering. He notes that validators are not compensated and cannot unilaterally censor transactions unless supported by other participants, a rare occurrence given the system's distributed nature.Schwartz argues that unlike PoW systems, which he describes as prioritizing monetary dominance, XRP's design minimizes the potential for concentrated control. He explains that other node operators can choose to ignore nodes that do not follow the rules, and consensus automatically disregards such nodes at the network level. Schwartz also points out that decentralization involves more than just technical aspects; it includes having open transaction rules, a public ledger, and allowing users to modify and enforce system code independently. While acknowledging XRP's unique structure, Schwartz does not believe it equates to centralization.

According to U.Today, XRP has reached unprecedented risk levels, raising concerns about the sustainability of its recent explosive growth. Historically, such high-risk levels have been followed by significant market corrections. Despite the current strong momentum, indicators suggest a possible reversal rather than continued upward movement, especially without a consolidation phase.XRP recently surged to $2.161, demonstrating parabolic growth on the price chart. This upward trajectory has pushed the asset into overbought territory, surpassing typical resistance levels. The Relative Strength Index (RSI) is near its peak, indicating overextension. At these levels, sharp volatility is likely due to profit-taking and the absence of significant consolidation. Historically, strong rallies like this often lead to corrections as traders lock in profits and the market seeks a more stable price range.Technically, XRP's main support levels are at $2.00 and $1.80, which could serve as safety nets in case of a decline, offering potential entry points for buyers. However, if the rally continues and XRP breaks above $2.75 with significant volume, it could signal further gains, with $3 as a potential target. Such a scenario would require a substantial increase in market participation, which is uncertain given the current risk profile.The risk chart indicates that XRP is in a zone where market enthusiasm typically wanes, leading to corrections. Extreme risk is generally associated with greater downside vulnerability and less upside potential. Despite defying expectations during this rally, it is historically unlikely that XRP will maintain this trajectory without a cooling-off period. While caution is advised, XRP's recent performance has been remarkable. However, the risks for those entering new positions now outweigh the potential rewards. A pullback might provide a healthier setup for future movements, emphasizing the importance of risk management at this time.

According to CoinDesk, XRP has experienced a remarkable 430% increase in the past 30 days, reaching price levels not seen since 2018. This surge has caught many traders on Crypto Twitter by surprise. The upward trend began in early November, following the Republican victory in the U.S. elections, which boosted investor confidence in tokens associated with U.S. companies, including Ripple Labs, the company linked to XRP.Large holders, often referred to as 'whales,' have played a significant role in this price movement. Data from CryptoQuant indicates that whale activity, which monitors the movement of large wallets to and from exchanges, has been consistently high over the past month. This activity is significantly higher than any other period, suggesting that whales are exerting considerable influence on the market. Whales can impact the market through their buying or selling pressure, and tracking their movements can provide insights into market sentiment.For example, if there is a substantial inflow of cryptocurrency into exchanges, it might suggest that whales are preparing to sell, potentially indicating a bearish market trend. Conversely, large outflows from exchanges might suggest that whales are accumulating, which could be a bullish signal. However, such whale movements often coincide with local price peaks, as noted by CryptoQuant's contributing analyst, Woominkyu. In a recent post, Woominkyu explained that significant spikes in whale-to-exchange transactions typically align with XRP price peaks, suggesting that whales tend to sell large amounts of XRP near local or cycle tops.The latest increase in whale-to-exchange activity coincides with XRP reaching a local price of approximately $2.3. This could indicate that whales are preparing for potential profit-taking or increased market activity. Over the past 24 hours, XRP has risen by 14%, outperforming bitcoin and other major cryptocurrencies. As of Tuesday, XRP has surpassed Solana’s SOL and tether (USDT) in market capitalization, making it the third-largest token by market cap.

According to Odaily, Ripple Labs, a prominent blockchain payment company in the United States, has ramped up its testing of the RLUSD stablecoin. Data from the Ripple Stablecoin Tracker indicates that the company is conducting two simultaneous tests involving the minting and transferring of RLUSD on the XRP Ledger protocol. This marks the first disclosure of RLUSD testing for the current month.Over recent months, Ripple Labs has been actively testing RLUSD as part of its efforts to integrate into the rapidly evolving stablecoin ecosystem. The latest minting activity on the XRP Ledger is recorded at Index 146, involving a total of 9,999,700 RLUSD tokens. This development follows reports from FOX Business that the New York Department of Financial Services (NYDFS) is on the verge of approving a new stablecoin issued by Ripple for cross-border payments. Sources familiar with the matter have indicated that the NYDFS has communicated its intention to approve the product, with Ripple planning to launch it on December 4.

According to Odaily, Ripple has issued a stern warning on the social media platform X, emphasizing that no one from the company, including CEO Brad Garlinghouse, CTO David Schwartz, President Monica Long, and Chief Legal Officer Stuart Alderoty, will ever request users to transfer XRP. Ripple highlighted the correlation between the rise in cryptocurrency markets and an increase in fraudulent activities. The company stated, "The surge in the cryptocurrency market means a rise in scams. We remind you that Ripple will never ask you to send XRP. Neither Brad, David, Monica, Stu, nor anyone else from Ripple will make such a request. Please remain vigilant."

According to Odaily, Grayscale has announced on the X platform that its Grayscale XRP Trust is now accessible to qualified investors interested in investing in XRP. This fund supports the distributed XRP ledger, which is utilized for cross-border payments. 

According to CoinDesk, the CoinDesk 20 Index has experienced a significant rise, currently trading at 3696.8, marking an increase of 5.6% or 195.83 points since 4 pm ET on Friday. This index, which is a comprehensive measure of the cryptocurrency market, is traded across various platforms worldwide, reflecting the performance of a diverse range of digital assets.Among the assets within the CoinDesk 20, three out of thirteen are showing positive movement. Leading the gains are HBAR, which has surged by 42.3%, and XRP, which has increased by 38.5%. These cryptocurrencies have demonstrated strong performance, contributing to the overall upward trend of the index. On the other hand, some assets have not fared as well. SOL has declined by 7.4%, and RENDER has decreased by 4.5%, marking them as the laggards in this trading period. Despite these declines, the overall performance of the CoinDesk 20 remains positive, driven by the substantial gains of the leading assets.

According to Odaily, recent data from Infinite Market Cap reveals that XRP's market capitalization has reached new heights, surpassing both Uber and Siemens in the global asset rankings. XRP has climbed 68 positions to secure the 1114th spot on the list. The current market cap of XRP is approximately $154.22 billion, reflecting a 24-hour increase of 41.77%. In comparison, Siemens holds a market cap of about $153.36 billion, while Uber's market cap stands at approximately $153.19 billion.

According to PANews, data from Coinglass indicates that the open interest in XRP futures has reached a historic peak of $3.99 billion. As of now, the open interest stands at approximately $3.92 billion. This milestone highlights the growing interest and activity in the XRP futures market, reflecting increased investor engagement and speculation. The surge in open interest could be attributed to various market dynamics and investor strategies, as traders position themselves in anticipation of future price movements. This development is significant in the context of the broader cryptocurrency market, where fluctuations in futures contracts can have substantial impacts on market sentiment and pricing. The record-setting open interest underscores the evolving landscape of digital asset trading and the pivotal role of futures contracts in providing liquidity and hedging opportunities for market participants. As the market continues to mature, the implications of such trends will be closely monitored by investors and analysts alike.

According to BlockBeats, on December 2, market sources revealed that global ETF provider WisdomTree has submitted an S-1 registration document to the United States Securities and Exchange Commission (SEC) for an XRP Exchange-Traded Fund (ETF). This move marks a significant step in the financial sector as WisdomTree seeks to expand its offerings in the cryptocurrency market.The filing of the S-1 registration is a crucial step in the process of launching an ETF, as it provides detailed information about the fund's structure, investment strategy, and potential risks to the SEC.