Ripple’s correction in January was a significant event because it enjoyed key support at the $0.62 level for the two months spanning November and December. Furthermore, over that time period, XRP charted a falling wedge pattern, often a technical indicator of a reversal to a bullish trend.
All the major Ripple news over that time was also neutral to positive, with Ripple Labs announcing new global partnerships and opening up a ritzy new headquarters in San Francisco. However, the Bitcoin price falling in January may have turned up the gravity on altcoin prices this month.
So it is possible that XRP tokens will be over the moon in 2024 if Bitcoin rallies this year, as many expect after the halving.
Here are eight signs in 2024 that XRP price could perform even better this year.
SEC Lawsuit On Its Last Leg
Not only did the Securities and Exchange Commission lose or back down in three major court developments in 2023, but both the SEC and Ripple Labs have been eerily silent ahead of the
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