{"id":566848,"date":"2023-12-25T13:30:38","date_gmt":"2023-12-25T13:30:38","guid":{"rendered":"https:\/\/wncen.com\/?p=566848"},"modified":"2024-06-11T07:46:51","modified_gmt":"2024-06-11T07:46:51","slug":"xrp-price-surge-to-0-64-today","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-surge-to-0-64-today\/","title":{"rendered":"Why Did The XRP Price Surge To $0.64 Today?"},"content":{"rendered":"

The XRP price is on a war path<\/a> today and has already begun to rally. Interestingly, this rally is coming at a time when the rest of the crypto market is seeing a slowdown with spots of losses here and there. So what is driving the XRP price rally?<\/p>\n

Ripple Seeing Some Positive Upsides<\/h2>\n

A lot of the positive sentiment that has triggered the XRP<\/a> price rally can be traced back to its parent company, Ripple<\/a>. Ripple which has had a rally outstanding year continues to seem more upside, especially in the FTX bankruptcy case.<\/p>\n

Related Reading: Crypto Veterans Team Up With New Proposal To Send LUNC And USTC To $1<\/a><\/div>\n

In a new development, a court filing showed that Ripple is set to claim around $11 million in the wake of the FTX collapse<\/a>. The claim is actually being made by Ripple Singapore against Alameda assets. So in the event of a distribution, Ripple will be receiving a payout from FTX.<\/p>\n

Additionally, Ripple has received support from Kraken<\/a>, one of the largest crypto exchanges in the world, in an ongoing lawsuit. The lawsuit titled Zakinov v. Ripple<\/a> is a battle that encompasses the security status of the XRP token.<\/p>\n

As a result, the Kraken crypto exchange<\/a>, as well as others in the country, are being asked to submit data on customers who traded XRP<\/a>. However, the exchanges are fighting back and Kraken has backed Ripple in the lawsuit, citing that sharing customers\u2019 data could be interpreted as the exchange siding with the plaintiff (Zakinov).<\/p>\n

\"XRP<\/p>\n

XRP sees a bullish impulse to $0.64 | Source: XRPUSD On Tradingview.com<\/a><\/pre>\n
A Bullish Month For XRP Price<\/h2>\n
In addition to the positive news that has emerged around Ripple<\/a> recently, the XRP price has also entered a period that is considered to be incredibly bullish for its price. According to historical data, December has always been the best-performing month for XRP.<\/p>\n
The highest average monthly returns for the XRP price<\/a> over the years have seen December emerge at more than 100% of the performance<\/a> across other months. So if this holds, the altcoin\u2019s price<\/a> could continue to rally as the year runs to a close.<\/p>\n
Related Reading: Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail<\/a><\/div>\n
Q4 is also the best quarter for the coin, no doubt as a result of the outperformance that has been recorded by the coin, especially in the month of December. Thus, it is not out of the ordinary that the XRP price<\/a> is surging today while other cryptocurrencies are down.<\/p>\n
There have also been talks of a possible burn of all of the XRP tokens held by Ripple in escrow<\/a>. Naturally, a burn of this magnitude would cause XRP\u2019s price to explode. But the speculation continues to drive the price for now.<\/p>\n
At the time of writing, XRP<\/a> is trending at $0.64 after rising around 4% in the last 24 hours.<\/p>\n
Featured image from Coinpedia, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The XRP price is on a war path today and has already begun to rally. Interestingly, this rally is coming at a time when the rest of the crypto market is seeing a slowdown with spots of losses here and there. So what is driving the XRP price rally? Ripple Seeing Some Positive Upsides A lot of the positive sentiment that has triggered the XRP price rally can be traced back to its parent company, Ripple. Ripple which has had a rally outstanding year continues to seem more upside, especially in the FTX bankruptcy case. Related Reading: Crypto Veterans Team Up With New Proposal To Send LUNC And USTC To $1 In a new development, a court filing showed that Ripple is set to claim around $11 million in the wake of the FTX collapse. The claim is actually being made by Ripple Singapore against Alameda assets. So in the event of a distribution, Ripple will be receiving a payout from FTX. Additionally, Ripple has received support from Kraken, one of the largest crypto exchanges in the world, in an ongoing lawsuit. The lawsuit titled Zakinov v. Ripple is a battle that encompasses the security status of the XRP token. As a result, the Kraken crypto exchange, as well as others in the country, are being asked to submit data on customers who traded XRP. However, the exchanges are fighting back and Kraken has backed Ripple in the lawsuit, citing that sharing customers\u2019 data could be interpreted as the exchange siding with the plaintiff (Zakinov). XRP sees a bullish impulse to $0.64 | Source: XRPUSD On Tradingview.com A Bullish Month For XRP Price In addition to the positive news that has emerged around Ripple recently, the XRP price has also entered a period that is considered to be incredibly bullish for its price. According to historical data, December has always been the best-performing month for XRP. The highest average monthly returns for the XRP price over the years have seen December emerge at more than 100% of the performance across other months. So if this holds, the altcoin\u2019s price could continue to rally as the year runs to a close. Related Reading: Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail Q4 is also the best quarter for the coin, no doubt as a result of the outperformance that has been recorded by the coin, especially in the month of December. Thus, it is not out of the ordinary that the XRP price is surging today while other cryptocurrencies are down. There have also been talks of a possible burn of all of the XRP tokens held by Ripple in escrow. Naturally, a burn of this magnitude would cause XRP\u2019s price to explode. But the speculation continues to drive the price for now. At the time of writing, XRP is trending at $0.64 after rising around 4% in the last 24 hours. Featured image from Coinpedia, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":566855,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,14690,3680,17209,4531,83637,13172,90961,10972,78763],"class_list":["post-566848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-rally","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nWhy Did The XRP Price Surge To $0.64 Today?<\/title>\n<meta name=\"description\" content=\"The XRP price is on a war path today and has already begun to rally despite the crypto market seeing a downturn.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Did The XRP Price Surge To $0.64 Today?","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-surge-to-0-64-today\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-surge-to-0-64-today\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/XRP-price.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/XRP-price.jpg?fit=1200%2C628"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto news","ripple","ripple news","xrp","xrp news","xrp price","xrp price rally","xrpusd","xrpusdt"],"dateCreated":"2023-12-25T13:30:38Z","datePublished":"2023-12-25T13:30:38Z","dateModified":"2024-06-11T07:46:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Did The XRP Price Surge To $0.64 Today?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-surge-to-0-64-today\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-surge-to-0-64-today\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/XRP-price.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/XRP-price.jpg?fit=1200%2C628\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto news\",\"ripple\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrp price rally\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-12-25T13:30:38Z\",\"datePublished\":\"2023-12-25T13:30:38Z\",\"dateModified\":\"2024-06-11T07:46:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/XRP-price.jpg?fit=1200%2C628","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/566848"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=566848"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/566848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/566855"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=566848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=566848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=566848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}