Bulls Prepare War Rally As XRP Price Eyes $1 This December!

With an early Santa Claus rally, cryptocurrencies are heating up this winter, and they are initiating a bull run to enter 2024 on a high note. As Bitcoin touches the $44K mark, the bullish momentum leaks into the altcoin market, leading to a recovery in the XRP price.

Timeline of Xrp

In a recent market evaluation, analyst AlanSantana shed light on the potential future of XRP, foreseeing a notable surge that could reach between 85% to 120%, relying on various corrective paths.

Bitcoin is making significant strides towards its all-time high, currently reaching $44,000, leaving many to wonder why XRP has not experienced a similar surge. Cryptocurrency enthusiast Mickle has now opened up about the reasons behind XRP's apparent lack of movement and explored whether it signals a bearish trend.

In a recent collaborative endeavor, IBM and Metaco, an affiliate of Ripple, have unveiled the IBM Hyper Protect Offline Signing Orchestrator (OSO), an advanced technology aimed to elevate digital asset storage for financial institutions.

Popular tracking bot Whale Alert, which releases the details of large cryptocurrency movements to the blockchain community on a daily basis, has spotted two large XRP transfers, carrying more than 83 million XRP cumulatively.

XRP recently made a move that might raise some questions even among seasoned market observers. On the chart, XRP depicted a candle with massive wicks extending in both directions, a rare occurrence that signals extreme volatility within a very short time frame.

Attorney John Deaton, renowned for advocating for XRP holders in the crypto sphere, has made waves by challenging the U.S. Securities and Exchange Commission (SEC) over alleged ethical discrepancies in the lawsuit against Ripple Labs.

Ripple Labs subsidiary and Swiss-based institutional crypto custody service provider Metaco has landed a new partner in Zodia Custody. According to the announcement from Metaco, Zodia Custody has integrated with its network to provide institutions with bank-grade custody solutions riding on its infrastructure.

Market analyst Cryptoes points out the current difficulty as XRP deals with a significant resistance zone. As XRP is facing an important moment experts highlight the need to go beyond the $0.6345 hurdle for a potential 14% increase. XRP Needs $0.6345 Close for 14% Surge XRP has bounced back from its recent low of $0.

Zodia Custody, an FCA-registered institution-first digital asset custodian by Standard Chartered and Northern Trust, has joined Ripple-owned institutional-grade custody firm Metaco's network. This marks a significant development amid recent changes in Metaco's ownership and weighted demand for crypto storage and settlement networks amid regulatory concerns.

Few events have garnered as much attention as the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) – often referred to as “XRP lawsuit”. This legal battle, which has significant implications for the broader crypto market, has seen a series of twists and turns that have kept investors and industry observers on their toes.