CandleFocus Ripple investors book $1.5 billion in profits after RLUSD launch, XRP struggles near $2.58 resistance
2024-12-18
Author: Content Editor
Ripple's cryptocurrency, XRP, has increased by 3% following the launch of its RLUSD stablecoin, despite significant profit-taking from investors. The stablecoin has gone live on various exchanges, and XRP saw a 10% increase after the announcement. However, investors continued to take profits, resulting in over $1.48 billion in realized profits. Despite this, buyer activity has remained strong, with whales increasing their holdings by 800 million XRP in two days. XRP's price has been consolidating since December, but if it breaks through resistance levels, it could reach an all-time high of $4.75. The overall market sentiment for XRP remains bearish, and a close below the support level at $1.96 would invalidate the positive outlook.
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