#ChristmasMarketAnalysis

Crypto prices are crashing this week following the Federal Reserve’s hawkish comments about its monetary policy actions for 2025 and inflation. XRP has been swept into the whirlwind as is experiencing an 8.4% loss in the past 24 hours.

However, the market’s early panic has been tampering as the U.S. session starts and the price XRP has temporarily bounced off an important horizontal support.

The performance of this cryptocurrency in 2024 has been remarkable, producing gains of 252.6% since the year started.

A positive court ruling in its case against the United States Securities and Exchange Commission (SEC) has been one of the most relevant tailwinds that has contributed to lifting its price.