XRP
On the charts, the key resistance level to watch is $2.94. If XRP can break past this hurdle, it might head toward testing its all-time high of $3.55
Trading volumes for XRP have been on the rise as well. This surge is partly driven by speculation that Ripple Labs could see reduced legal pressures, which would strengthen the case for XRP as a viable asset.
Since Ripple’s launch in 2012, the XRP coin has cost quite low; its price has been less than $4 but has fluctuated. For example, XRP started with a cost of less than $0.01, and its highest value was $3.84 in 2018, which was reached during a market growth period. Ripple then took a big drop in its rate and was worth less than $1 in 2019-2020. However, a legal battle with the SEC at the end of 2020 caused another hike in the coin's price and led to volatility, and in 2021 its rate fluctuated between $0.50 and $1.50.
Ripple’s Current Overview
As of November 2024, the XRP value had grown a lot, and by the end of the month was fluctuating between $1.40 and $1.50, with small daily changes. Price movements were still affected by litigation and broader market conditions.
By early December, XRP's important role in the market was confirmed as its value surged by 53% reaching $2.31. This came due to the reports that Ripple Labs' RLUSD stablecoin may soon be authorized in the U.S.; the New York Department of Financial Services
