Ripple Finally Rebounded 30% As Bitcoin Eyes $24K Again

Ripple finally rebounded 30% from the recent crash while Bitcoin eyes for the $24,000 level once again. Christmas started with huge gains for most altcoins especially for XRP which is good to see after the recent bloodbath as we reported previously in the Ripple XRP price news.

Ripple finally rebounded after yesterday’s massacre while Bitcoin is also getting ready to surpass $24,000, with it now trading less than $500 from the new all-time high as most altcoins follow it with impressive double-digit increases. The main cryptocurrency went on a roller coaster over the past few days with several notable price moves ending up in a new all-time high and subsequent $2000 drop.

The price action repeated itself on a smaller scale yesterday but following the dip to $22,700, the bulls managed to take charge and drive the cryptocurrency above $23K. BTC continued the increase in the past 24hours and got very close to $24K. from a technical standpoint, this level is the first major resistance line for Bitcoin. If it is successfully conquered, the asset’s next obstacle will be around the current ATH which is $24,350.

The most significant support levels are situated at $22,700 and $22,500 but $22,000 could also give the trades some assistance if the trend reverses again. The alternative coins dropped in value yesterday as the entire market cap had $40 billion deleted in one day after Ripple got served with a lawsuit by the US SEC. However, Christmas Day is more optimistic that the entire market will bounce off the bottom.

Ethereum gained about 6% and recorded a high of $620 while Bitcoin Cash returned above $400. Polkadot increased by 6%, Binance Coin by 5%, Litecoin by 6% as well. Chainlink jumped by 9.5% and Cardano by 11% gaining serious value and trade north of $11 and $0.15 but Ripple won overall. XRP’s value declined for a few consecutive days after the SEC Pressed legal charges against the payment processor for launching a $1.3 billion unregistered security offering. XRP dropped to about $0.20 but managed to increase by over 60% since and trades at $0.35.

Further gains are more evident from Stellar s it increased by 19%, Dogecoin by 15%, Augur by 14, Enjin Coin by 14%, VeChain by 12%, and ICON by 12%. The cumulative market cap added an additional $30 billion since the bottom yesterday.