Ethereum's staking exit queue increased more than fivefold in just three days, reaching a peak of around 851,000 ETH after MetaMask began proactively withdrawing thousands of validators following a security incident.
At the beginning of the month, the XRP/USD pair resumed its upward movement in line with the broader market trend and recently reached three-month highs near 2.4140. However, it has since corrected moderately and is now holding around 2.2460 (Murray level [3/8]). The strengthening of the token has been supported by a combination of fundamental and technical factors.
Within the top 10 cryptocurrencies by market capitalization, XRP has emerged as today’s leading gainer. The Ripple token is posting a double-digit increase over the past 24 hours. Below are the key drivers.
The ETH/USD pair had been forming a consistent downtrend for more than three months, correcting toward the long-term trend. However, last week, after a prolonged period of sideways movement within the 3165.00–2770.00 range (Fibonacci retracement 50.0%–61.8%), prices exited the channel, breaking above its upper boundary. If the price consolidates above 3281.25 (Murray level [5/8]), the probability of reaching the targets at 3560.00 (Fibonacci retracement 38.2%) and 4062.50 (Murray level [5/8], Fibonacci retracement 23.6%) will increase significantly. The key level for bears remains 2770.00 (Fibonacci retracement 61.8%, Murray level [1/8]); a breakdown below this level would signal a resumption of the bearish move toward 2187.50 (Murray level [–2/8]) and 1875.00 (Murray level [3/8], W1).
The amount of XRP held on cryptocurrency exchanges has fallen to an eight-year low. Despite massive outflows, the price has remained calm — for now. As the year comes to an end, the XRP market is showing an unusual setup. While price action has recently been muted, with XRP trading sideways for extended periods, the underlying supply situation has changed significantly.
The Ethereum ecosystem is once again seeing strong development activity. According to Token Terminal, the number of newly deployed smart contracts has reached a record high.
ETH/USD quotes are forming a medium-term downward trend while correcting toward the long-term trajectory. Over the past month and a half, price action has largely stabilized within a broad sideways range of 3165.00–2770.00 (Fibonacci retracement 50.0%–61.8%) and is now approaching its upper boundary. A breakout above 3165.00 (Fibonacci 50.0%, Murray level [2/8]), reinforced by the upper Bollinger Band, would open the way for a test of 3560.00 (Fibonacci 38.2%) and 4062.50 (Murray level [5/8], Fibonacci 23.6%). For bears, the key level remains 2770.00 (Fibonacci 61.8%, Murray level [1/8]); a break below this mark would likely act as a catalyst for a stronger decline toward 2187.50 (Murray level [–1/8]) and 1875.00 (Murray level [–2/8]).
XRP/USD outlook: The XRP/USD pair is trading within a medium-term bearish trend, forming a corresponding descending channel. Last week, the price attempted a corrective rebound amid expectations that the U.S. Federal Reserve will continue its easing cycle next year, alongside the Bank of Japan’s rate hike. XRP tested the Bollinger Bands midline at 1.9531 (Murrey level [0/8]) and then resumed its decline, keeping downside targets at 1.6420 (Fibonacci retracement 61.8%) and 1.4648 (Murrey level [–2/8], H4). On the other hand, a sustained break above the upper Bollinger Band at 2.1484 (Murrey level [2/8]) would allow the asset to exit the range to the upside and move toward 2.3437 (Murrey level [4/8], Fibonacci retracement 38.2%) and 2.5390 (Murrey level [6/8]).
Last week, the ETH/USD pair showed mixed price action. Initially, amid uncertainty over the Fed’s policy path for next year, quotes slipped to three-week lows around 2772.00 (61.8% Fibonacci retracement). However, by the end of the week—after November inflation data showed a year-on-year slowdown from 3.0% to 2.7% and increased expectations of a near-term shift toward looser monetary conditions—price stabilized near 3000.00, where it is trading now.
Since their launch, spot XRP ETFs have recorded steady capital inflows, clearly outperforming funds tied to Bitcoin and Ethereum. The products, which debuted in November, have so far avoided a single day of net outflows, making them one of the most resilient segments within the crypto ETF market at this stage.
The SOL/USD pair is trading within a medium-term downtrend, forming a corresponding channel. However, since the middle of last month, prices have shifted into sideways movement within the 125.00–150.00 range (Murray levels [2/8]–[4/8]) amid rising global monetary and trade uncertainty. The instrument is now once again attempting to consolidate below the lower boundary of this range in order to continue its decline toward the targets at 100.00 (Murray level [0/8]) and 75.00 (Murray level [–2/8]). A breakout above 150.00 (Murray level [4/8]), reinforced by the upper Bollinger Band, would allow prices to exit the descending channel through the upper boundary, signaling a potential trend reversal and opening the way toward the 187.50 (Murray level [7/8]) and 200.00 (Murray level [8/8], Fibonacci retracement 23.6%) area.