XRP targets $3 amid RLUSD news; what about DOGE and iDEGEN?

XRP bounced off the $2 level and has the potential to rally higher as bulls retake control.

This comes as the Ripple community reacts positively to news that the Ripple USD (RLUSD) stablecoin is about to launch.

Meanwhile, Dogecoin, which is above a key support area, and new crypto token iDEGEN are attracting investors.

Will XRP get a RLUSD boost?

XRP price reached highs of $2.82 on Dec. 3 before paring gains alongside other top altcoins.

The profit taking came as the Ripple cryptocurrency neared the $3 mark for the first time since 2018.

While the XRP value fell to under $2 earlier this week, it has bounced higher to trade above $2.34 at the time of writing.

Ripple CEO Brad Garlinghouse announced on Tuesday that the company’s stablecoin project RLUSD has received final regulatory approval.

The New York State Department of Financial Services (NYDFS) gave a nod that means Ripple is set to launch its highly anticipated stablecoin.

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$RLUSD is launching soon! Stay vigilant and report any impersonations or scams.

10:57 pm · 10 Dec 2024

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It’s news that could boost XRP price, which reacted higher early Wednesday to lead the top 10 gainers by market cap.

According to analysts, RLUSD has the potential to be a major catalyst for XRP adoption.

An end to SEC lawsuit and Ripple’s massive network of partnerships could also be at the heart of this possibility.

XRP has a 24-hour range of $1.94 – $2.39 and seven day range of $1.98 – $2.64.

If bulls charge amid a fresh leg up, a breakout above $3 is likely to bring a new all-time high above the current ATH of $3.40 reached in January 2018.

According to on-chain data, whales have recently acquired 100 million XRP.

However, this pales in comparison to the staggering 2.66 billion XRP sent to Binance as price corrected this past week.

Can Dogecoin reach $1 after its recent surge?

Dogecoin (DOGE) is the largest meme coin by market cap and saw a decent uptick as Bitcoin stormed to above $100k.

The strong community, combined with its attractiveness as the original and most resilient meme coin continue to offer bulls the basis for long term bets.

The DOGE price reached highs of $0.48 before the broader pullback pushed it to under $0.38.

While buyers have yet to regain a strong footing, it’s out of the overbought territory.

The meme coin’s price on the daily chart has the Relative Strength Index at 51. In recent weeks, that stood at 92.

However, the RSI is signaling a potential upward flip. DOGE’s main bull cycle target is $1.

Dogecoin price is up 73% in the past week and 346% year-to-date.

iDEGEN attracts as AI agents get traction

DWF Labs managing partner Andrei Grachev recently noted that autonomous AI agents have the potential to spark new economic opportunities. His remarks came as the market maker announced a $20 million fund to power development of AI agents.

As the AI agent sector flourishes, iDEGEN stands out among the crowd for its unique design.

This is an AI agent that is degen raised – there are no barriers to what it can learn or post.

Everything it posts after every 60 minutes is what it learns from the degen community on X.

It means iDEGEN has the potential to thrive in the absolute chaos of Crypto Twitter and AI – raising itself above agentic projects with guardrails.

The unique approach has crypto enthusiasts flocking to the native token IDGN’s pre-market auction.

Data on the presale page shows the total raised so far has hit $4 million and over 850 million tokens sold.

Notably, interest in this crypto project is spiking as investors eye the next Goateus Maximus (GOAT).

To position, early birds are taking advantage of the dynamic pricing model.

Every five minutes, IDGN price can increase, remain unchanged or decline.

Currently, the token is priced at $0.00255, up from the initial $0.00011.

Could IDGN price go parabolic as GOAT did?

Learn more about this project here.