XRP Becomes Third-Most Valued Crypto — Beats Boeing, Nike In Market Capitalization

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Despite a 9% price drop, optimism among XRP XRP/USD traders remains strong, with many holding their positions and <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">anticipating upward momentum</a>.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>XRP XRP/USD</td><td>&nbsp;$2.26</td><td>$129.08 billion</td><td>-8.8%&nbsp;</td><td>-6.3%&nbsp;</td></tr><tr><td>Bitcoin BTC/USD</td><td>&nbsp;$98,630.61</td><td>$1.95 trillion</td><td>-5.8%&nbsp;</td><td>-2.8%&nbsp;</td></tr><tr><td>Ethereum ETH/USD</td><td>&nbsp;$3,474.60</td><td>$418.8 billion</td><td>-10.5%&nbsp;</td><td>-11.8%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Javon Marks <a href="https://x.com/JavonTM1/status/1869549362671677783">reflected</a> 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:



<ul>
<li>Doctor Profit <a href="https://x.com/DrProfitCrypto/status/1869693291941511268">pointed</a> 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.</li>



<li>CrediBULL Crypto took a long position after XRP reached an optimal trade entry zone on lower timeframes, <a href="https://x.com/CredibleCrypto/status/1869569451626229945">expressing</a> hope for a rebound.</li>



<li>Blockchainedbb <a href="https://x.com/blockchainedbb/status/1869757817340743867">exited</a> 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.</li>
</ul>



Statistics: Crypto analyst Ali Martinez <a href="https://x.com/ali_charts/status/1869773183836139733">reported</a> that whales purchased an additional 110 million XRP in the past 24 hours.



Community News: In a Dec. 19 <a href="https://www.youtube.com/watch?v=YFGGA1NZ5Sk">interview</a> 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.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/top-stories/24/12/42531943/xrp-price-soars-12-to-268-what-is-going-on">XRP Price Soars 12% To $2.68: What Is Going On With Ripple?</a></li>
</ul>



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XRP Price Down 9% But Ripple CEO Brad Garlinghouse Eyes RLUSD To Fuel Future Rally 

Khyathi Dalal

Despite a 9% price drop, optimism among XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) traders remains strong, with many holding their positions and <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">anticipating upward momentum</a>.

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