- Retracements have occurred recently and XRP found support at the key $0.66 mark.
- If the price manages to go past $0.70 level, then it will likely rise further to test $0.73 level.
Recent rumors have suggested that Ripple would file for an initial public offering (IPO) before the end of the year or before 2024. The cryptocurrency industry has lately been interested in rumors that Ripple is contemplating an initial public offering (IPO). But it seems like another crypto behemoth has its eyes set on going public in 2024.
While rumors of an IPO for Ripple have died down a little, fresh rumors have circulated about Circle, the issuer of the USDC stablecoin, going public.
Moreover, Ripple has partnered with top fintech Onafriq to enable new payment corridors linking 27 African nations to the UK, Australia, and the Gulf Cooperation Council (GCC). This development is expected to revolutionize international money transfers.
Meanwhile, the newly announced alliance aims to streamline and improve international money transfer processes, making them faster, more reliable, and cheaper for all parties involved.
Bulls Striving Hard
At the time of writing, XRP is trading at $0.68, down 0.09% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 38.67%.
XRP, has been in the news in recent trading sessions as it struggles with an important support level and the difficulties of being overbought. Despite market volatility, XRP has held above the $0.66 support level.
Retracements have occurred recently and XRP found support at the key $0.66 mark. These difficulties are reflective of the wider cryptocurrency market, where rapid price increases are accompanied by sharp declines.
If the price manages to go past $0.70 level, then it will likely rise further to test $0.73 resistance level. On the other hand, if price goes below $0.66 level, then it will likely test $0.64 support level.
