Rally

United

2024

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
XRP is currently experiencing a major bull-bear showdown as the effort to end the year on a positive note takes on interest. At the time of writing, XRP was trading at $0.6324, down by 1.95% in the past 24 hours. Despite this major slump, XRP bulls are not giving up on a chance to make history by&nbsp;<a href="https://cryptorank.io/price/ripple/analytics" rel="noopener noreferrer nofollow">printing</a> the first December growth in six years.
Historically, December is not a friendly month for XRP seeing it has only recorded a total of three uptrends in the past 10 years. Starting in 2013, XRP closed December with a 30.2% slump, while the next year saw a mega jump of 118.1%.
The following year also recorded a positive December close of 43.8%, and December 2016 came with a correction with a 4.07% slump. December 2017 welcomed the biggest XRP monthly growth to date with a massive 818.9% jump. The subsequent years of 2018, 2019, 2020, 2021 and 2022 saw major sell-offs.
Drawing on its history, XRP bulls are likely to hang on tight to the 4.05%&nbsp;<a href="https://u.today/xrp-investors-lead-with-2000-surge-but-major-catch-shifts-narrative" rel="noopener noreferrer nofollow">gained thus far</a> this month to break the bearish trend in the coin’s history. With heightened volatility currently underway, a positive close to the year will be deemed a record-breaking milestone that can push XRP's 2024 off to a great start.
<h2 id="xrp-price-outlook-removing-key-bottlenecks">XRP price outlook: Removing key bottlenecks</h2>
The price outlook of XRP might change in the coming year as new catalysts emerge with the capability to boost price growth. While the United States Securities and Exchange Commission (SEC) and Ripple Labs Inc. still have&nbsp;<a href="https://u.today/xrp-case-sec-announces-private-meeting-investors-await-ripple-lawsuit-settlement" rel="noopener noreferrer nofollow">scores to settle</a> per the institutional part of the ruling from Judge Analisa Torres, XRP has other key fundamentals that can ultimately fuel its growth in the long term.
With current advances in the XRP Ledger and the&nbsp;<a href="https://u.today/xrp-perfect-payment-option-for-tapjets-ripple-advocate-deaton-explains-why" rel="noopener noreferrer nofollow">growing utility</a> of digital currency in payments, the ultimate $1 price target may eventually be attained in 2024.

XRP Year-End Rally Might Be Worth Watching

Table of Contents

U_Today

Other articles published on Dec 29, 2023

World of Dypians Introduces Multiplayer Mode to End an Eventful 2023 in Style

TRB Altcoin Hits All-Time High Amidst Whales’ Strategic Moves

Avalanche Foundation to spend Culture Catalyst’s funds on select meme coins

China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange

FTX Values Bitcoin At $16,000 In Its Repayment Plan, Stirring Controversy Among Customers

WuBlockchain Weekly: Hong Kong Opens Bitcoin Spot ETF, OKX Delists Privacy Tokens, MicroStrategy ...

Join our free newsletter for daily crypto updates!