XRP traded in a tight range on December 10 as price pressure and fading liquidity offset improving regulatory signals. The token hovered near $2.06 after a pullback from this week’s $2.178 high. Bitcoin and major altcoins held firm ahead of the Federal Reserve decision.
XRP price action stayed constrained inside a multi-month symmetrical triangle on the eight-hour chart. The token dipped slightly below the Ichimoku cloud and traded under the 20, 50, 100, and 200-day EMAs. This setup kept the broader trend tilted lower.
Intraday data showed extra strain on buyers. CoinGlass data shows more than $12 million in net outflows today as traders moved supply back onto exchanges. On the 30-minute chart, XRP slipped below its rising trendline after repeated rejection close to $2.10. RSI hovered near 36 and MACD turned negative.
Ripple USD, the RLUSD stablecoin, showed mixed signals. Artemis data indicated that the supply in circulation grew about 23.2% in thirty days to approximately $1.3 billion. However, the number of active addresses dropped 28%. The change suggested that fewer wallets interacted with the token.
Transaction activity weakened further. The number of RLUSD transactions slid 46% to 424,000. Adjusted transaction volume fell about 60% to $2.8 billion. Most of that activity remained on Ethereum, which handled approximately $84 million of RLUSD transfers on Monday. The XRP Ledger processed nearly $2.7 million over the same period. The split underscored how limited RLUSD settlement currently looks on Ripple’s native network.
Flows into XRP exchange-traded funds also softened. Issuers reported $8.73 million of inflows on Tuesday, down from $38 million the previous day. This figure marked the second weakest day since Canary listed the XRPC ETF. Despite this, the products have not posted net outflows and cumulative inflows approach the $1 billion mark.
Regulators moved in a more supportive direction. The Office of the Comptroller of the Currency said banks can intermediate crypto trades as riskless principals. The framework allows them to buy and immediately resell digital assets without market exposure.
The Commodity Futures Trading Commission launched a pilot that lets firms post bitcoin, stablecoins and selected tokens as derivatives collateral. Ripple already seeks a national bank charter and a Federal Reserve master account. Those approvals would let it hold RLUSD reserves at the central bank and plug into FedNow.
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