Ripple Was Dumped on Christmas Eve; Will XRP Bulls Break Through the $1 Level?

<p>At the time of press, the Ripple price is relatively stable. Following mid-week losses, XRP prices have resumed their bearish trend, as indicated by the daily chart of XRP/USDT.</p> <p>While Ripple remains under pressure and is aligned with the selling pressure that characterised the majority of Q4 2021, there are still some fundamentally sound signals.</p> <p>For example, despite Jay Clayton and the SEC announcing the bombshell and deciding to sue Ripple and several of its executives a year ago, Ripple CEO Bradley Garlinghouse believes 2021 will be a watershed year for cryptocurrencies.</p> <p>2021 Will Be a Watershed Year for Cryptocurrency</p> <p>He cites, in particular, the rapid growth of On-Demand Liquidity (ODL), which has more than doubled quarter over quarter.</p> <p>The CEO makes a specific reference to the growing acceptance and awareness that cryptocurrency is bringing to billions of people worldwide.</p> <p>"2021 was a watershed year for cryptocurrency. Acceptance and awareness of the opportunity to integrate billions of people into the global financial community have never been more pronounced. It's been incredible to see a significant decrease in maximalism and a significant increase in the number of builders entering the industry."</p> <p>Regulatory clarity is critical to ensuring even greater adoption penetration. A settlement with the SEC regarding the pending court case could help XRP maintain its position.</p> <p>Meanwhile, the SEC and other US regulatory bodies should be aware that cryptocurrency players are requesting compliance. As a result, the SEC's portrayal of cryptocurrencies as Wild West is a farce that does not reflect the industry's true state.</p> <p>At the time of press, the XRP price is stable, trading within a narrow trade range contained within the December 24 bear candlestick.</p> <p>With the engulfing bear bar of December 24, a bear breakout pattern has been established in the short term. Ideally, aggressive bull traders will find additional headroom above $1, in