XRP price seeks a fresh rally past the $1 mark at December’s start
Ripple announced plans to launch Liquidity Hub in 2022 to assist financial services entities in providing customers with the capacity to buy and sell securities. It all comes as XRP price is waiting for a new move for 2022.
#ICYMI: We announced plans to launch our Liquidity Hub in 2022 to help financial services firms offer their customers the ability to buy and sell #cryptocurrencies. @CNBC shares the details here: https://t.co/nnhknAcJNB
— Ripple (@Ripple) November 29, 2021
XRP price seeks fresh rally as investors look to key events in 2022
XRP looks for a fresh rally past the $1 mark in early December amid investor hopes that events coming in 2022 could impact prices.
The goal of Ripple’s Liquidity Hub, which will launch in 2022, is to assist financial services institutions in providing their customers with the opportunity to buy and sell cryptocurrencies. According to the San Francisco-based company, the functionality will provide corporate customers with access to digital assets from various sources, including market makers, exchanges, and over-the-counter trading desks.
Meanwhile, in another development, Ripple chief executive Brad Garlinghouse thinks that the ongoing Ripple vs. SEC lawsuit will be resolved in 2022. As everyone knows, the SEC has accused Ripple and the SEC. Its officials sold $1.3 billion worth of tokens in an unregistered securities offering in December 2020.
”Ripple is seeing pretty good progress despite a slow-moving judicial process,” according to the Ripple CEO.
XRP price has been improving since Friday’s sell-off, where it marked a low at $0.87. The cross-border token currently trades at $1. If token buyers move their funds above $1, pending buy orders will be filled, and market makers will provide additional liquidity.
XRP/USD 4-hour chart | Source: TradingView
At the time of writing, XRP is changing hands at $1.0107.
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