Crypto

Ripple's XRP Surges 40% After Trump Win, But It May Crash Soon

Published

1 year ago

December 3, 2024

Ripple's XRP Surges 40% After Trump Win, But It May Crash Soon

Ripple’s XRP has surged to become the third-largest cryptocurrency by market capitalisation, surpassing notable tokens such as Solana, USDT, and Binance Coin, as the landscape for crypto-friendly policies begins to shift in Washington, D.C.

On Monday, XRP skyrocketed by an impressive 40% within 24 hours, reaching $ 2.80- a milestone it hadn’t achieved in seven years. The cryptocurrency has attracted over $120 billion in new investments, pushing its market cap to $156 billion following the Nov. 5 election of Donald Trump and other pro-crypto candidates.

Crypto News reports that the primary driver behind XRP’s rally was Trump’s victory, expected to usher in more favourable regulations for the crypto sector. This is particularly significant for Ripple Labs, embroiled in a legal battle with the Securities and Exchange Commission since 2020.

The election results have also revived hopes for a spot XRP exchange-traded fund (ETF) by 2025. Earlier this week, asset manager WisdomTree, which oversees $111 billion in assets, applied for a spot Ripple ETF.

In a recent X post, CryptoQuant CEO Ki Young Ju emphasized that whale activity on Coinbase has been a major driver of the XRP rally, with exchange premiums rising between 3% and 13%. In contrast, South Korea’s Upbit exchange- known for its significant XRP trading base-has shown no such premium during this period.

Coinbase whales are driving this $XRP rally.
Over the past 30 days, Coinbase’s minute-level price premium has ranged from 3% to 13% during the surge.
Meanwhile, Upbit—a Korean exchange with more XRP investors than Binance—has shown no significant premium so far. pic.twitter.com/ENESB2Zrkv
— Ki Young Ju (@ki_young_ju) December 2, 2024
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According to Santiment, a leading analytics firm, wallets holding between 1 million and 10 million XRP accumulated 671 million coins within three weeks. This marked the first notable increase in non-empty wallets in eight years, fueled by FOMO-driven buying.

🚀 XRP has skyrocketed to an astounding $2.49 market value for the first time since January 8, 2018. The 6-year (nearly 7-year) high comes as wallets with 1M-10M XRP have accumulated 679.1M tokens (currently worth $1.66B) in just 3 weeks. Also, total non-empty XRP wallets have… pic.twitter.com/bIsfOqdCQX
— Santiment (@santimentfeed) December 2, 2024

However, Ripple’s price could face a potential pullback in the coming weeks. Currently, XRP is trading well above its short- and long-term moving averages, suggesting the possibility of mean reversion, where prices tend to return to their average levels over time.

Moreover, technical indicators like the Relative Strength Index (RSI) and Stochastic Oscillator signal overbought conditions, indicating potential price weakness. XRP may also be in the markup phase of the Wyckoff Method, a stage characterized by demand exceeding supply. This phase is often followed by the distribution phase, typically resulting in a sell-off.

If a pullback occurs, XRP could retreat to retest support at $1.9697, a critical level last reached in April 2021.

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Crypto

Fed ‘Sweet Spot’ Sends Signal for Bitcoin as Jobs Data Quietly Sets Stage for $100K BTC

Published

12 hours ago

January 10, 2026

Press Room

Fed ‘Sweet Spot’ Sends Signal for Bitcoin as Jobs Data Quietly Sets Stage for 0K BTC

Bitcoin’s march toward $100,000 is gaining momentum as cooling U.S. labor data, shifting Fed policy expectations, and geopolitical tensions converge, setting the stage for renewed price discovery and a possible breakout beyond prior all-time highs.

Crypto

Rumors are swirling about Venezuela holding $60 billion in Bitcoin—but crypto experts are skeptical | Fortune

Published

1 day ago

January 9, 2026

Press Room

Rumors are swirling about Venezuela holding billion in Bitcoin—but crypto experts are skeptical | Fortune

Following the United States’ capture of Nicolás Maduro over the weekend, a report came out claiming that Venezuela had $60 billion stored in Bitcoin—leading to speculation that the U.S. could lay claim to cryptocurrency as well as oil. Despite numerous reports of the huge Venezuelan Bitcoin stash, however, a crypto forensic firm is skeptical of the claims.

The news of Venezuela’s Bitcoin holding began to bubble up last Saturday, the same day that Maduro was ousted. The digital publication Project Brazen reported that his regime could control $60 billion in the original cryptocurrency—but offered little in the way of proof.

“The article does not mention any addresses as a starting point, making it difficult to verify any of these speculated claims,” said Aurelie Barthere, principal research analyst at Nansen, about Project Brazen’s report.

Barthere is not the first person to express skepticism about the country’s purported crypto treasure trove. Mauricio di Bartolomeo, the Venezuelan co-founder of the financial services company Ledn, told Fortune on Wednesday that the level of the country’s corruption makes the figure hard to believe. He expanded his argument in an opinion piece he wrote for Coindesk.

Estimates of Venezuela’s crypto holdings vary wildly. Bitcointreasuries.net estimates that the country has $22 million worth of Bitcoin. That figure would make Venezuela the government entity with the ninth-most money tied up in the original cryptocurrency, just behind North Korea.

While the exact size of Venezuela’s Bitcoin wealth is unclear, the country has long been a player in crypto. Maduro introduced a token called the Petro in 2018, which was shuttered six years later. Its citizens have also turned to stablecoins as a way to fight their currency’s hyperinflation.

Trump has said that he will “run” Venezuela, and some have speculated that includes seizing the country’s Bitcoin holdings. Andrew Fierman, head of national security intelligence at Chainalysis, said he could not speak to the likelihood of such a seizure. He did, however, explain what gaining control of assets might look like.

A freezing of assets could occur through centralized services, he says. These services would get a court order for an exchange or an issuer like Tether or Circle who could blacklist an address. The second method is through physical seizure. The U.S. could get control of wallets, devices, and keys through compelled cooperation.

For now, there is unlikely to be a full and accurate account of Venezuela’s Bitcoin holdings until the political situation in the country becomes more stable.

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Crypto

Pantera Signals 2026 Crypto Breakout After 2025 Quietly De-Risked Markets

Published

2 days ago

January 9, 2026

Press Room

Pantera Signals 2026 Crypto Breakout After 2025 Quietly De-Risked Markets

Crypto’s biggest gains in 2025 weren’t on price charts but in policy, institutions, and infrastructure, as regulatory reversals, Wall Street access, and onchain growth quietly reset the industry’s long-term trajectory, Pantera Capital argues.