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

Despite a 9% price drop, optimism among XRP XRP/USD traders remains strong, with many holding their positions and anticipating upward momentum.

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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• XRP Price Soars 12% To $2.68: What Is Going On With Ripple?

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