The current cryptocurrency market momentum has pushed XRP to claim the $2 price. The positive price push has ushered in a wave of positivity within the market, with several analysts reviewing how Ripple can claim higher price pedestals in no time.
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XRP To Claim $18? Expert Says Yes
The bullish market wave is now pushing XRP to touch new highs. The token has managed to finally claim the coveted $2 price mark, inviting a new influx of investors to explore the token to its fullest. Per Egrag Crypto, a noteworthy crypto analyst, XRP is yet to show its full price potential.
In a comprehensive post updated on X, Egrag Crypto outlined how XRP can easily touch the $18 mark, now that the token has started to carve its own price trajectory. He stated how the XRP price chart is showing certain candles or upticks that are signaling a meteoric rise for the token to proceed ahead. For instance, the analyst noted how the December candle on the XRP price chart is signaling an 830% surge, which could catapult XRP’s price to $18.
“#XRP: $18 by Dec 2024, $150 by Jan 2025? 🧐 Hold on tight, and don’t shoot the messenger! 🎯 During this critical phase of the #BullRun, I tread carefully when projecting high price targets. My goal is to balance realistic expectations while not letting you miss the opportunity of a lifetime. This is not financial advice—just my analysis shared freely to help guide you. How Can XRP Reach $18 and $150 in Two Months? A) November’s “Moonvember” Candle: A 300% pump already aligns closely with 2017’s 328% surge. (Yellow Candle) 🌙📈 B) December Candle: If we see an 830% pump, XRP could skyrocket to $18. But remember, in 2017, this candle had a 60% drop in its wick—can you stomach that volatility? ⚡💎.”
Similarly, Egrag Crypto also shared a striking new analysis, claiming that if all goes well, the token may also claim the coveted price mark of $150 by January 2025.
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XRP Price Forecast for December
Among such positive price predictions pouring in, the technical portals have also come up with an updated price analysis for Ripple. Per CoinCodex, XRP can note a significant drop of 33% by the end of December to stabilize around the $1.56 price level.
“According to our current Ripple price prediction, the price of Ripple is predicted to drop by -33.24% and reach $ 1.561629 by January 1, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 81 (extreme greed). XRP recorded 19/30 (63%) green days with 43.91% 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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