The month of December has been characterized by a cold spell for XRP for many years, with red charts and frigid winds each and every year. A number of purchasers continue to be concerned about the market since they recall the decline of 66% that occurred in 2021. The sounds of 2018, a year that saw an astounding 800% increase, sound like a Christmas carol when they are played in the distance.
The XRP community is reminded of a period when XRP believed in the magic of year-end wonders, and they bring back childhood memories. Despite the fact that December charts used to be filled with Christmas happiness, XRP was caught in the shadow of previous trends, hoping that its luck would change by the time the year came to a close.
Is There Going to Be a Difference in XRP This Month?
There are traces of optimism for change in the air in December 2023, despite the fact that it is rather chilly outside. The issue that has to be answered is whether or not this month will be different, and whether or not XRP will finally be able to break free from the Scrooge-like grasp that has been restricting its performance till the end of the year.
Even while CryptoRank's data, which is frequently like a Grinch to XRP's Christmas spirit, continues to depict a depressing image of December coming back, it is still a dismal picture. A cemetery of red bars may be seen across the chart (which can be found below).
When the year comes to a close, each one displays a year's worth of losses. In spite of all, there is a brave evergreen that stands in the heart of this chilly landscape: 2017. The sparkling gains of 818% serve as a reminder of the potential that lies dormant inside XRP.

There are two sides to the tale that are shown by the averages for XRP on the cryptocurrency market in December. The average return of 75% shines brightly like a holiday ornament, a reminder of times when the market was surging around this time of the year.
On the other side, a median of minus four percent creates a shadow, a lump of coal that illustrates how unpredictable XRP's performances in December have frequently been. Nevertheless, this December has a dissimilar vibe. There is a subtle suggestion of change in the air, much like the promise of a mistletoe.
The current market capitalization of XRP is $34 billion. TradingView.com is the chart.
When one considers the pattern of frosty Decembers that XRP has had in the past, even a modest increase of 2% that may not appear significant in other circumstances feels like a significant event. There is a renewed warmth in the larger picture, despite the fact that the victories that occurred in December might not be permanent.

All things considered, the fourth quarter of 2023 has been fairly successful, with a nice quarterly increase of 20.4%. There was a positive fourth quarter for the first time since 2017, making it the second-best quarter of the year.
There is more to the speculations that are circulating about December than just adjustments in prices. Technical signs are pointing to the possibility of a bull run, which would be a significant departure from the downward trend that often occurs toward the end of the year. For XRP, there are going to be some challenging days ahead.
When it comes to the possibility of an upward trend, there are three significant barrier levels that will be in the way: $0.63, $0.66, and $0.70. It is necessary for XRP to seize control of these positions, which were formerly battlegrounds between bulls and bears, in order for it to be able to break free from its previous limitations.
It is not impossible to do so, despite the fact that the road is steep. On the other hand, the technical signals and resistance that have been observed this month are a sign of optimism, even though it is yet unclear what may bring such a transformation. In the event that XRP is able to overcome these levels of resistance, it may be on the verge of experiencing a significant increase, with the possibility of reaching the all-time high of $1 before the end of the current year.
This is more than simply a narrative about figures and charts; it is a story about perseverance, going against the grain, and a ray of optimism in the midst of the icy grasp of December. In this narrative, XRP, which had been dormant at one time, comes to life with a great deal of potential.
The reports that have been circulating since December make one thing abundantly clear: the winter blues may be on the verge of disappearing, and a brighter future may be on the horizon. The only thing that can tell us whether or not 2024 will be the beginning of a new $XRP is time.
#XRPBullRun #xrp #crypto2023

As a result of recent events that have taken place in the cryptocurrency market, XRP has once again attracted the attention of investors and the community. This is due to the fact that the cryptocurrency asset underwent yet another significant whale activity.
XRP Whales has transferred more than fifty million tokens to CEXs.
According to a story that was published not too long ago, an XRP whale recently transferred more than fifty million tokens to cryptocurrency exchanges. Data stored on the blockchain reveals that the whale has been engaging in transactions of this kind over the course of the previous several weeks.
It is interesting to note that these whale transactions have sparked a storm of discussion among lovers of the cryptocurrency market all over the globe when they first came to light during the token's price collapse. Approximately 50,7 million tokens were moved to controlled exchanges (CEX) by the whale, as shown by the data obtained from the on-chain tracker known as Whale Alert.
According to the information provided by Whale Alert, the cash in question were successfully moved to CEXs in two distinct transactions. During the time that the whale transactions were taking place, the token was experiencing a downward trend, which prompted discussion over the impact that this movement might have on the price of XRP.
A staggering 26 million XRP coins with a value of around $15.22 million were involved in the first transaction, according to the on-chain tracker. According to the data, the tokens were sent to the cryptocurrency exchange Bitso, which is situated in Mexico, by an unknown address that was identified as r4wf7enWPx...5XgwHh4Rzn.
On the other hand, the second transaction included the transfer of 24.7 million XRP tokens, which had a value of around $14.68 at the moment the transfer was complete. The cash had been moved to Bitstamp, which is another cryptocurrency exchange, using the identical wallet address that was described before.
One thing that is worth mentioning is that the wallet address that was mentioned before has been coordinating transactions of this sort with the CEXs for quite some time now. The wallet address that was responsible for the transfer of more than 48 million XRP tokens to Bitstamp and Bitso was discovered by Whale Alert the previous week.
The wallet address has sent more than 138 million tokens to the various cryptocurrency platforms in a period of time that is less than two weeks. Taking into account the current price of the digital asset, this is worth more than $79 million.
The Cryptocurrency Asset Is Likely To Experience A Significant Upswing
The whole cryptocurrency market was subjected to a significant disturbance on Wednesday, which resulted in XRP plummeting to a level that was very near to its October low of $0.50. The cryptocurrency expert Egrag Crypto has voiced positive comments on the cryptocurrency asset, despite the huge price decline that may have occurred.

During the one billion dollar liquidation that occurred throughout the cryptocurrency market in August, he mentioned a scenario in which XRP approached the bottom threshold of its channel. He made the following statement: "Now, after five months, it is going back to that zone with another aggressive liquidation of one billion dollars."
He drew attention to the fact that the bulls of the asset have been unwavering in their efforts to "defend this channel," and they have not allowed anything to prevent them from "buying into the dip." Specifically, he said that the bulls have been successful in keeping the price above the "Val Hell Line," so avoiding a "daily candle" from closing below it.
#xrp #XRPBullRun #Whale.Alert $XRP

The price of XRP is now circling around the $0.600 support level. If the price closes the day above the $0.650 barrier, it might begin a new rise.
Starting from the $0.600 support level, XRP is aiming for a new upward movement.
Above both $0.620 and the 100-day simple moving average, the price has recently moved upward.
The 4-hour chart of the XRP/USD pair shows the formation of a contracting triangle, with resistance located at $0.6380.
If the pair breaks out above the resistance levels of $0.638 and $0.650, it will likely begin a new uptrend.
Prices of XRP Aim Higher
Near the $0.600 zone, XRP price found support following a downward retracement. The price established a foundation and began a small ascent beyond the $0.612 mark, but gains were modest and outpaced those of Bitcoin and Ethereum.
Several times, the price surged beyond the 50% Fibonacci retracement level of the important downturn from the $0.700 swing high to the $0.578 swing low. Nonetheless, a close above the $0.650 resistance was preserved by the bears. Below $0.640, it is currently consolidating.
Above the 100-simple moving average (4 hours) and $0.620, XRP remains steady. As for the upside, the $0.638 zone is where you'll see immediate resistance. On the four-hour chart of the XRP/USD pair, a contracting triangle is also seen, with resistance located at $0.6380.
The 61.8% Fibonacci retracement level of the important slide from the $0.700 swing high to the $0.578 swing low is in the $0.650 zone, which is the next big barrier. A significant surge may be in store if the market closes over the $0.650 resistance level.
Near $0.672 is the next significant obstacle. A push into the $0.700 level of resistance is possible if the bulls maintain their position above the $0.672 level of resistance. If prices continue to rise, they can reach the $0.720 barrier level.
Reverse Shock?
A new drop can begin for XRP if it is unable to overcome the $0.638 barrier level. The triangular trend line and the $0.610 zone provide first downward support.
Near $0.600, you'll find the next significant support level. The XRP price can fall faster if it breaks down and closes below the $0.600 mark. Given the circumstances, it is possible for the price to revisit the $0.550 support area.
Key Performance Indicators
Looking at the 4-hour MACD, we can see that the XRP/USD MACD is moving up and into the positive zone.
On the relative strength index (RSI) over the last four hours, the XRP/USD pair is now trading above the 50 mark.
The three main support levels are $0.610, $0.600, and $0.550.
At $0.638, $0.650, and $0.700, there are three significant resistance levels.
#xrp #XRPBullRun #crypto2024 $XRP

Renowned attorney Jeremy Hogan has issued guidance to XRP holders targeted at assisting them in maximizing crypto tax obligation.
Read more on: https://thecryptobasic.com/2024/01/02/expert-advises-against-selling-xrp-held-for-over-1-year-heres-why/
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