The cryptocurrency community is abuzz with chatter about XRP’s potential price surge as Christmas approaches. Market analysts and enthusiasts are actively speculating on the digital asset’s trajectory over the coming weeks.
Community Bullish on XRP’s Short-Term Future
Cryptocurrency analyst Cryptoinsightuk (@Cryptoinsightuk) ignited the conversation with a community poll gauging sentiment towards XRP’s Christmas Day price. Over 2,000 participants cast their votes, revealing a strong sense of optimism.
- 36% of respondents predicted XRP to trade between $2 and $3.30.
- An additional 30% envisioned a price range of $3.30 to $5.
- Notably, a bullish 26% anticipated the price exceeding $5.
- Only 8% believed a drop below $2 is likely, reflecting a dominant market confidence in XRP’s near-term performance.
$XRP price Christmas Day:
— Cryptoinsightuk (@Cryptoinsightuk) December 15, 2024
XRP’s Upward Momentum Fuels Optimism
Currently trading at $2.59, XRP has witnessed a significant 5.14% increase in the last 24 hours. This positive momentum, bolstered by the launch of RLUSD, has attracted investor attention and fueled excitement for a continued price climb.
Analyst Predictions: XRP on Track for $5 by Year-End?
Cryptoinsightuk went beyond the poll, sharing his personal price target: XRP reaching $5 before the year’s end. This aligns with bullish forecasts from other analysts, like ChatGPT, which recently predicted XRP to potentially hit $4 by Christmas Day, with a chance to cross the $5 mark by year-end if the current momentum continues.
$XRP
— Cryptoinsightuk (@Cryptoinsightuk) December 16, 2024
People asking my thoughts on this.
I think $5 ish between now and new year.
Then Jan – March double digits 👍🏼
Could be wrong but they’re my thoughts. https://t.co/xvJYtlCQhc
Long-Term Bullishness: Double Digits in 2025?
While some experts anticipate a longer timeline for XRP to reach $5, Cryptoinsightuk ventures further, predicting XRP to enter double-digit territory between January and March 2025. This sentiment resonates with many in the community who hold a strongly bullish outlook.
The potential departure of Gary Gensler, the current SEC Chair perceived as anti-crypto, in January 2025 is seen as a catalyst for positive change. This anticipated shift could usher in a period of proper crypto regulation in the US, fostering innovation and growth for companies in the space.
Also Read: Ripple’s RLUSD Stablecoin Launch:, Driving Innovation and Expansion in the XRP Ledger Ecosystem
The combined factors of festive season optimism, recent price gains, and positive long-term predictions paint a promising picture for XRP. The digital asset could be on the brink of a historic rally, potentially even challenging Ethereum’s number two spot in the market cap rankings if it reaches double digits as some predict. With Christmas just around the corner, the coming weeks will be crucial in determining the validity of these bullish forecasts.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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