Key metrics highlight the battle for market cap

• XRP is gaining traction with whale support, outperforming BTC and ETH with resilience amid market turmoil.
• Strategic whale trading is helping Ethereum recover, but XRP’s fundamentals and unique initiatives give it a competitive advantage.

The cryptocurrency market faced turmoil as the Federal Reserve implemented its third interest rate cut for 2024, triggering a sell-off that pulled Bitcoin below the $100,000 mark. However, Ripple’s XRP has outperformed Bitcoin. According to recent CNF to updateBullish momentum could push XRP to its technical target at $30.

Amid the chaos, XRP has shown resilience, supported by recent gains and strategic whale activity. The Ripple token, currently priced at $2.30, saw consecutive daily gains of 15% earlier in December, reaching levels not seen in three years.

Both XRP and ETH are now racing to cross critical resistance levels — $3 for XRP and $4,000 for ETH — and vying for dominance in a market marked by uncertainty. According to CoinMarketCap data, XRP is currently trading at $2.32under 1.43% During the past day and 1.11% Last week. See the XRP price chart below.

Whale strategies favor Ethereum, but XRP stands out

Ethereum whales have consistently taken advantage of market declines, accumulating ETH and selling it near resistance points like $4K. Recent data revealed that 105,000 ETH were sold at the resistance, causing a slight decline in the price while showing Ethereum’s ability to recover quickly.

An intelligent whale (likely related to #Longling Capital) Bought 6000 $ Ethereum After lower prices.

This Pisces is skilled at buying $ Ethereum At low prices and selling at its highest levels, with a total profit of $83 million.

Since May 8, 2023, this whale has bought 75,400 $ Ethereum($180.4 million) at an average price… pic.twitter.com/OK0OS9U4ou

– Loconchain (@loconchain) December 19, 2024

Meanwhile, XRP’s fundamentals—backed by whale interest, SEC developments, and the RLUSD stablecoin initiative—offer a unique advantage. XRP’s ability to establish itself as a premium asset class by 2025 could attract investor confidence amid Bitcoin’s ongoing volatility.

Bitcoin’s price falling below $100,000 has created opportunities for altcoins to gain market attention. While whales are accumulating Bitcoin, hash participation remains weak. In the relevant CNF newsTrump’s cryptocurrency tax proposal suggests that currencies like BTC, ADA, and XRP could become tax-exempt, which could impact future market dynamics.

However, XRP and ETH stand as strong competitors, with XRP leveraging historical performance and whale support to gain a competitive advantage.

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