XRP Manages to Hold Above $0.60 Level as Bulls Striving Hard

• At the time of writing, XRP is trading at $0.6125, up 0.67% in the last 24 hours.
• If the price manages to go below $0.60 level, then it will likely test $0.58 support level.

The Central Bank of Ireland (CBI) has approved Ripple as a virtual asset service provider (VASP), marking another regulatory milestone for the company in Ireland. 

With its addition to the CBI’s list of registered VASPs, Ripple is now able to provide specific digital asset services in Ireland, the company said on December 19. After the implementation of significant cryptocurrency rules in Europe, Ripple hopes to provide crypto services to customers throughout the European Economic Area via this registration.

New Collaboration

In a recent announcement, Mastercard and Ripple highlighted their alliance and the unique projects they will be working on together. Ripple and Mastercard are working together to provide crypto debit cards. 

The XRP community stands to gain a great deal from this endeavor, which seeks to introduce the ease of use of conventional debit cards to the cryptocurrency space.

On December 20th, news broke of a massive whale transaction that sent $13.32 million (or 22 million XRP) to Bitstamp. With the price of XRP in the middle, data supplied by Whale Alert sparked a great deal of attention among crypto market investors. Large quantities of XRP seem to have been sent to Bitstamp from the same wallet address earlier as well.

At the time of writing, XRP is trading at $0.6125, up 0.67% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 3.68%. The price found support at $0.58 level on December 18.

If the price manages to go below $0.60 level, then it will likely test $0.58 support level. Conversely if the price manages to go above $0.62 then it will likely test $0.63 resistance level.