The cryptocurrency market is abuzz with speculative discussions about XRP’s price trajectory as the ends.
Market analysts and community members have been actively engaging in conversations about the digital asset’s possible price in the coming weeks and Cryptoinsightuk (@Cryptoinsightuk), a notable crypto analyst, recently weighed in.
Cryptoinsightuk began with a poll asking the community what the asset’s price would be by Christmas Day. Over 2,000 community members responded. 36% of the participants predicted XRP would trade between $2 and $3.30.
An additional 30% expected the price to range from $3.30 to $5, while 26% anticipated a value exceeding $5. Notably, only 8% of participants believed the cryptocurrency might fall below $2, indicating strong market confidence.
Currently trading at $2.59, XRP has demonstrated notable upward momentum over the past 24 hours, increasing by 5.14%. This ascent, bolstered by the launch of RLUSD, has captured the attention of investors and generated excitement for a continued surge.
How High Can XRP Climb By Christmas Day?
Cryptoinsightuk shared his personal price projection, suggesting XRP could reach $5 before the end of the year.
This forecast aligns with bullish predictions from other market observers. ChatGPT recently predicted that the digital asset could hit $4 on Christmas Day, and if its momentum continues, it could cross the $5 mark by the end of the year.
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
— Cryptoinsightuk (@Cryptoinsightuk) December 16, 2024
While other experts expect a longer timeline for XRP to reach $5, Cryptoinsightuk takes things further, expecting XRP to reach double digits between January and March 2025, and many in the community share this extremely bullish view.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
In January 2025, Gary Gensler, the current anti-crypto Chair of the U.S. Securities and Exchange Commission (SEC), will step down.
Gensler’s departure will lead to proper crypto regulation in the U.S. and a major market boom as companies will have the chance to innovate and operate freely.
There is much to be excited about in XRP’s immediate future, and the asset could be on the verge of a historic rally. Ben Armstrong, popularly known as Bitboy, recently showed the price XRP needs to reach to surpass Ethereum and take the number two spot in the market. If it can hit double digits, this milestone becomes very achievable.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
