With Christmas around the corner, the market is also getting into the festive spirit, with investors hoping that the realm would favor their investments more seriously. Ripple (XRP) is also leading the market sentiment in one way or another, raking significant attention recently. Will XRP hit the coveted $3 price mark around Christmas 2024? Let’s find out.
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The Ripple Pathway: New Trajectory and Plans
Source – Trackinsight
Ripple is currently one of the most trending cryptocurrency tokens to exist as of late. The token has a lot going on, with the pro-crypto regime taking over the US political domain. The fact that Donald Trump was able to appoint a new SEC chair speaks volumes about his seriousness concerning the crypto domain, which, in turn, has boded well for XRP. Under the leadership of Gary Gensler, the US SEC was embroiled in a heated legal spat with Ripple. Now that the regime change is around the corner, Ripple investors are hoping for an optimistic end to this mayhem, helping the token to trade freely on all grounds.
Other than that, the Ripple Ecosystem is constantly evolving, attracting new global collaborations that are helping XRP find a new footing in the institutional domain. The launch of RLUSD, Ripple’s stablecoin, is also adding strength to the current market, fueling XRP euphoria up a notch.
Per Ali Martinez, a notable crypto analyst, XRP’s chart currently shows a 3-null pennant formation, which, according to Ali, is a lucrative development to take note of. Ali shared how a retest may occur, which should be leveraged by investors to buy the XRP dip, as the token may soon skyrocket to hit the $4 mark.
“$XRP: 3 consecutive bull pennants! We should all be praying for a retest of $2.25 to buy the dip and target $4.40!”
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The Token’s Price Path Near Christmas 2024
According to CoinCodex, XRP may hit a stable price mark of $1.76 around December 25, 2024.
Image: CoinCodex
At the same time, the token may end the year while trading at a $1.83 price spot. In January and March, the chart shows progressions, with XRP claiming new price highs.
Image: CoinCodex
“According to our current XRP price prediction, the price of XRP is predicted to drop by -18.07% and reach $ 1.836603 by January 9, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 78 (extreme greed). XRP recorded 18/30 (60%) green days with 42.94% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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