The cryptocurrency market is bolstering Ripple (XRP) and Cardano (ADA) to new heights. Both the tokens have been fueled by the current market momentum and are steadily reaching new highs. However, the real question is, how high can both tokens reach by mid-December 2024?
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Ripple Price Forecast for December
XRP is currently one of the leading cryptocurrencies in space. The token is all set to launch its stablecoin RLUSD in the market, driving the momentum up a notch. At the same time, financial giants like Canary and Wisdom Tree have filed for an XRP ETF, eager to deliver XRP exposure to their clients. Such momentous developments have been adding more to the token’s credibility, strengthening its morale and strength as of late.
With the change in the US political regime, with Trump assuming the presidential role, the overall momentum of the market has largely improved. Trump has appointed a new SEC chair, Paul Atkins, a development that is currently touted as extremely bullish for XRP, as it may help end the years-long XRP-SEC legal tussle.
Per CoinCodex, XRP may surge to hit the $2.25 price mark by December 20, 2024.
In addition to this, the token may end the month by sitting at a low price spot of $1.72.
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“According to our current XRP price prediction, the price of XRP is predicted to drop by -24.59% and reach $ 1.723543 by January 5, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 84 (extreme greed). XRP recorded 18/30 (60%) green days with 48.70% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
Cardano (ADA) Price Forecast for December
Cardano is once again grabbing the central spotlight as the token eyes a new price spot this month. ADA is currently sitting at $1.19, down 0.85% in the last 24 hours. With the appointment of Paul Atkins as the new SEC chair, the market’s overall momentum improved drastically. The development helped Bitcoin scale past the $100K, helping other altcoins like Cardano to take the lead ahead.
ADA has noted a remarkable price surge as of late, with the token pumping nearly 14% in the last week, followed by a staggering 233% surge in the last month.
Per CoinCodex, ADA may sit at a new price spot of $1.23 by December 20, 2024.
Similarly, the token may surge to claim a stable price level of $1.36 by the end of December 2024.
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“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 14.85% and reach $ 1.362328 by January 5, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 72 (greed). Cardano recorded 23/30 (77%) green days with 31.90% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”
