The general crypto market has been consolidating in response to the Federal Reserve favoring a hawkish approach to tame inflation. Ripple XRP price gained 8%, rising in its trading volume to impressive levels of around $5.4 billion. A new player, 1FUEL is set to become the next-generation crypto wallet to resolve the roadblocks to crypto adoption. 

Let’s see why experts believe this could be the altcoin to watch for 2025.

XRP Price Rises 8%, Experts Predict a Breakout

This December, the general cryptocurrency market has been in a consolidation phase. Mostly, this has been due to uncertainty over Federal Reserve cuts in interest rates, favoring a hawkish approach to arrest inflation. Despite its sideways movement, Ripple XRP showed its potential earlier this year when it made a 400% rally. 

XRP has evolved from the coin that traded between $0.30 and $0.60. This was in the past when it rose and crashed consistently. However, in November, it rose for four weeks straight, and things have been different since then. At the time of writing, XRP trades at $2.07, representing an uptick of 8.29% in 1 month. Its 24-hour trading volume is $5.4 billion, signaling a 121.92% gain.

XRP’s partnerships with financial institutions and regulatory clarity have fueled a strong market performance so far in 2024, with the price hitting noteworthy highs this year. However, analysts warn that going into the new year, there could be stagnation as the market for blockchain-based financial solutions becomes more crowded.

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Author: Crypto Daily