**XRP**, owned by **Ripple**, has seen a significant surge in December 2024 due to multiple factors. XRP is used to facilitate cross-border money transfers thanks to its fast and highly efficient infrastructure, making it a major competitor to traditional systems such as SWIFT.
One of the main factors behind the price surge is the end of the legal cases between Ripple and the US Securities and Exchange Commission (SEC), which increased investor confidence in the currency. In addition, Ripple expanded its partnerships with global financial institutions, which contributed to the increased demand for XRP【6】【7】.
On the technical front, the coin has been making steady gains on the back of bullish momentum driven by indicators such as moving averages and MACD, which are showing positive short- and medium-term trends. Expectations suggest that this trend could continue if the coin manages to break through crucial resistance levels such as $0.71, which could boost market confidence【6】【8】.
However, the cryptocurrency market remains highly volatile, and investors are advised to exercise caution and monitor technical and economic developments affecting XRP.