• XRP shows resilience despite unfavorable market conditions.
  • Analyst predicts significant XRP price growth in Q4 2024.
  • Ripple expands into crypto custody, boosting XRP’s value potential.

Recently, XRP’s three-month candle closed and a new one for Oct, Nov, and Dec is loading. Despite unfavorable market conditions, XRP has been impressively resilient.

Additionally, XRP is showing reduced price volatility as the crypto market recovers . Meanwhile, Crypto analyst Dark Defender predicts that XRP will experience significant price growth in Q4 of 2024.

Hi all. $XRP closed 3 Monthly Candle above the initial support in silence.

The New 3 Monthly Candle (Oct-Nov-Dec) is loading.

There is no space anymore.

We'll see an extraordinary break-out starting this month. #XRPArmy #Ripple pic.twitter.com/6g1oTpTpoS

— Dark Defender (@DefendDark) October 11, 2024

XRP’s Recent Price Movement

Ripple (XRP) has climbed about 1.5% in the past day. A daily high of $0.6328 was reached despite a 0.3% dip in the global cryptocurrency market. With a market capitalization of $35.4 billion, XRP now ranks as the seventh-largest cryptocurrency.

This positioning signals growing investor confidence amid uncertainty. A surge in trading volume plays a significant role in this price increase.

On September 28, XRP’s spot trading volume soared to $2.2 billion. A week before, the volume stood at $940 million. This dramatic rise indicates strong market interest and sets the stage for further price gains.

Ripple’s Push Into Crypto Custody

Ripple has entered the crypto custody sector , broadening service offerings. This strategic move shifts focus away from traditional reliance on XRP and payment services. Crypto custody allows institutions to securely store and manage digital assets.

Read CRYPTONEWSLAND on google news

Target clients include banks and fintechs, positioning Ripple to capture this emerging market. This venture enhances XRP’s perceived value and diversifies its revenue streams. Ripple’s approach reduces dependency on cryptocurrency transactions alone.

As XRP’s price movements and Ripple’s new ventures unfold, anticipation for a breakout grows. Will this calm moment in the market yield a storm of opportunity? For now investors should be ready to ride the wave of change.

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.