On a day when growing bullishness has pushed the whole cryptocurrency market by 4%, the price of XRP has increased by 3% in the previous twenty-four hours, moving away from $0.639999 and reaching $0.639999.

As of right now, XRP has increased by 6% in a week and by 4% in the past thirty days. Additionally, the cryptocurrency, which is the fifth-biggest token on the market (by cap), has increased by 88% since the beginning of the year.

Considering that the Bitcoin exchange-traded fund (ETF) approvals and the possibility of rate reduction might bring about a full-fledged bull market market in the next year, it is feasible that the market-wide spike that occurred today is the beginning of an end-of-year rally.

In the event that this is the case, XRP is expected to reap enormous benefits, which will be facilitated by Ripple's recent triumphs against the SEC and the company's reinvigorated expansion.

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