XRP’s December Recovery at Risk as Digitap ($TAP) Presale Gains Traction
XRP remains trapped in a descending daily channel, consolidating between $2.23 and $1.95 with critical support at $2.00. After an 18% drop in November, technical indicators (RSI <50) and rising short positions point to continued bearish momentum; a breakdown could send XRP toward $1.80–$1.60. On-chain metrics show XRP Ledger velocity at a yearly high and a 400% rise in on-chain payments over three months, suggesting growing utility that could support a recovery in 2026 if $2.00 holds. Ripple locked 700 million XRP in escrow on Dec 1 and plans a Rippled 2.6.2 upgrade on Dec 19, easing some supply and scalability concerns. Amid this uncertainty, Digitap (presale token $TAP) is promoted as an alternative investment: a mobile-first omnibank bridging fiat and crypto with staking, payments, and governance features. $TAP is in presale round 2 at $0.0361 (tiered price rising soon to $0.0371), with ~97% of the round sold, over $2.3M raised, nearly 140M tokens sold and >120,000 connected wallets. For traders, the piece flags short-term downside risk for XRP tied to macro moves (Fed/BOJ) and technical breakdowns, while highlighting $TAP’s presale momentum as a speculative utility play in the growing omnibank market.
Neutral
The article presents mixed signals for markets. Technicals and sentiment around XRP are bearish in the near term: descending channel, RSI below 50, increased shorts, and the risk of a breakdown to $1.80–$1.60. Macro catalysts (Fed cuts, BOJ hikes) could exacerbate downside. Conversely, positive on-chain indicators (400% rise in payments, higher ledger velocity) and Ripple actions (700M locked in escrow, Rippled upgrade) provide medium-term utility arguments that could support recovery into 2026. Digitap ($TAP) is framed as an alternative speculative utility token with strong presale metrics (97% of round sold, $2.3M raised, ~140M tokens sold), which may attract risk-seeking traders but remains a presale-stage investment with conventional liquidity and execution risks. Similar past episodes (altcoins rallying on presale/promotional narratives while major assets like XRP faced technical pressure) produced short-term rotation into speculative projects while overall market direction followed macro and Bitcoin-driven trends. Therefore, immediate impact on XRP trading is likely bearish/volatile, while interest in $TAP may be bullish for that token specifically but entails higher idiosyncratic risk. Traders should treat XRP as having short-term downside risk with potential medium-term upside if on-chain utility continues, and treat $TAP as a high-risk, presale-stage speculative trade rather than a hedge against XRP’s technical weakness.