XRP Price Down 9%% But Ripple CEO Brad Garlinghouse Eyes RLUSD To Fuel Future Rally
By Benzinga
Despite a 9% price drop, optimism among XRP (CRYPTO: XRP) traders remains strong, with many holding their positions and anticipating upward momentum.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| XRP (CRYPTO: XRP) | $2.26 | $129.08 billion | -8.8% | -6.3% |
| Bitcoin (CRYPTO: BTC) | $98,630.61 | $1.95 trillion | -5.8% | -2.8% |
| Ethereum (CRYPTO: ETH) | $3,474.60 | $418.8 billion | -10.5% | -11.8% |
Trader Notes: Crypto trader Javon Marks reflected reflected on XRP’s previous bull cycle, during which it achieved a 600x increase.
He suggests XRP could repeat this performance, potentially climbing 6,800% to around $168 in the current cycle.
Many traders revealed their personal holdings:
- Doctor Profit pointed out that XRP was overbought on smaller timeframes, signaling an imminent correction. Since his short entry, XRP has dropped 17%, prompting him to secure profits on half his position while holding his long-term spot holdings.
- CrediBULL Crypto took a long position after XRP reached an optimal trade entry zone on lower timeframes, expressing hope for a rebound.
- Blockchainedbb exited XRP after achieving a 300% gain from his entry price. He plans to re-enter at $1.5–$1.7, maintaining a final target of $7.
Statistics: Crypto analyst Ali Martinez reported that whales purchased an additional 110 million XRP in the past 24 hours.
Community News: In a Dec. 19 interview with eToro, Ripple CEO Brad Garlinghouse discussed the company’s use of stablecoins like USDC and Tether, highlighting that Ripple once minted 20% of all USDC.
Garlinghouse emphasized that stablecoin regulation could position Ripple’s RLUSD stablecoin as a key driver for XRP’s next rally.
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Image: Shutterstock
