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The XRP price plunged 4% in the last 24 hours to trade at $2.43 as of 02:27 a.m. EST on trading volume that dropped 2% to $13.5 billion.
This comes after the much-anticipated appearance of Ripple CEO, Brad Garlinghouse, on the <a href="https://www.cbsnews.com/video/crypto-cash-election-influence-60-minutes-video-2024-12-08/" rel="noopener noreferrer nofollow">CBS “60 Minutes” program</a>.&nbsp;
According to the Ripple boss, the cryptocurrency industry was simply asking for “clear rules of the road,” rather than to be deregulated.
While commenting on his interview, Garlinghouse said in a post on X that 60 Minutes “shockingly left out” that a Federal judge had ruled that XRP is not a security.
<h2 id="xrp-price-aiming-for-a-bullish-trend-reversal">XRP Price Aiming For A Bullish Trend Reversal</h2>
The XRP price has been on a sustained bullish rally since the beginning of November, where the bulls capitalized on the $0.55 support to push the price up through a parabolic rise to the $2.87 resistance zone, according to data from <a href="https://www.geckoterminal.com/bsc/pools/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
However, the bears have since taken control of the asset, with the Ripple token falling slightly within the falling channel pattern.
However, the price of XRP still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the XRP price may still surge towards a bullish reversal pattern over the falling channel.
The Relative Strength Index (RSI) is at 47.99, close to the neutral 50 level, indicating a lack of clear momentum. It has cooled significantly from the overbought zone, leaving room for either recovery or continued decline.
A breakdown below the $2.40 support could lead to a retest of the $2.20 level. Further selling pressure might push the price toward the 200-MA at $1.40, which would be a critical long-term support zone.
<figure id="attachment_608259" aria-describedby="caption-attachment-608259" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-608259" src="https://insidebitcoins.com/wp-content/uploads/2024/12/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-12-08_23-27-52.png" alt="XRP Price Chart Analysis Source: GeckoTerminal" width="2051" height="875" srcset="https://insidebitcoins.com/wp-content/uploads/2024/12/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-12-08_23-27-52.png 2051w, https://insidebitcoins.com/wp-content/uploads/2024/12/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-12-08_23-27-52-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-12-08_23-27-52-1024x437.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-12-08_23-27-52-768x328.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/12/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-12-08_23-27-52-1536x655.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/12/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-12-08_23-27-52-2048x874.png 2048w" sizes="(max-width: 2051px) 100vw, 2051px">
 <figcaption id="caption-attachment-608259" class="wp-caption-text">
 XRPUSD Chart Analysis Source: GeckoTerminal
 </figcaption>
</figure>
However, in a scenario where the XRP bulls start buying the asset, the price may undergo some reversal, which could push XRP back to its previous resistance zone, as the bulls target $3.5, over its previous all-time high at $3.40.
Meanwhile, investors who are looking for diversification opportunities might consider the newly launched <a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">Best Wallet (BEST)</a> presale, which YouTuber Crypto ZEUS, with over 81.9K subscriabers, says is the best crypto wallet to hold for the next bull run.
<iframe title="This New Presale Is MOVING! 📈 New Token Is Getting Big Interest 🐳 Big New Token For Crypto Bull Run?" width="640" height="360" src="https://www.youtube.com/embed/zxUGQNRzxdg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="best-wallet-presale-garners-over-3-million-in-less-than-a-month-next-1000x-crypto">Best Wallet Presale Garners Over $3 Million In Less Than A Month – Next 1000X Crypto?</h2>
Best Wallet is a next-generation Web3 cryptocurrency wallet that combines advanced features with an intuitive, user-friendly design. It aims to set new standards in the decentralized wallet space by seamlessly integrating its functionality with its native token, BEST.
The token has already amassed over $3 million in funds raised within less than a month after its presale launched.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Did you know? You can earn <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEST</a> tokens by completing daily airdrop quests! 💸💸💸
 The more points you stack, the more <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEST</a> you will receive! Get access to exclusive features and reduced fees when the token launches. 🔥
 Remember, daily quests reset everyday at midnight. Don't… <a href="https://t.co/APEuMjfNZZ" rel="noopener noreferrer nofollow">pic.twitter.com/APEuMjfNZZ</a>
 — Best Wallet (@BestWalletHQ) <a href="https://twitter.com/BestWalletHQ/status/1855203729043026273?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
One of the wallets standout value-added features is its Upcoming Tokens tool. This powerful tool identifies high-potential tokens and allows users to invest in them early, often at a steep discount.&nbsp;
The results speak for themselves: investors who followed Best Wallet’s recommendations for CatSlap ($SLAP) saw a 55x return. Pepe Unchained ($PEPU), which had&nbsp; raised just $17 million when Best Wallet featured it, went on to secure over $73 million in funding and is now gearing up for a listing tomorrow, Dec. 10.&nbsp;
Investors can purchase BEST for $0.023025 before the price increases in about one day.
<a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">Visit BEST Token here</a>.
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XRP Price Prediction: After Ripple CEO Brad Garlinghouse Interview On CBS’s 60 Minutes, Traders Turn To This Crypto Wallet For Parabolic Gai...

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