Ripple Ally Flare Rockets 23%, Here's Potential Catalyst

FLR, the native token of the Flare network, has seen a massive surge in the last 24 hours. On Saturday, FLR jumped from lows of $0.0145 to reach highs of $0.022, gaining nearly 40% in an instant while posting a massive green daily candlestick.

Timeline of Flare, Xrp

XRP is one of the top gainers in the last 24 hours. As to why the crypto token is up, a popular crypto sleuth has some answers, as he recently revealed a significant move made by Ripple.

After facing serious backlash from some community members in recent times, XRP has finally printed its first major mega price rally. At the time of writing, XRP soared as high as $0.6988, up by more than 7% in an eclectic 24-hour timespan.

Uphold has introduced ‘Vault,' a new self-custody wallet. In a strategic move, the company has granted early access exclusively to the XRP community, recognizing and rewarding their loyalty and engagement. Uphold is a digital finance platform offering diverse asset support, including cryptocurrencies, fiat currencies, and precious metals.

Palau's Ministry of Finance released a detailed report on the first phase of its groundbreaking Ripple-based stablecoin program on Dec. 7. The country conducted the pilot project with Ripple's Central Bank Digital Currencies (CBDC) and Central Bank Engagements teams.

Ripple has updated its crypto-enabled cross-border payments solution. The newly enhanced Ripple Payments, formerly known as RippleNet, enables businesses to leverage the blockchain easily for faster, cheaper and more efficient cross-border payments, the provider of enterprise blockchain and crypto solutions said in a Friday (Dec. 8) press release.

After a period of uncertainty and underperformance relative to its digital counterparts, XRP's price has showcased a steady and significant climb, breaking through the prevailing trend of indecision in the market.

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.

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.