Ripple's XRP price has been on a rollercoaster ride, dropping from $2.50 to under $2 before recovering to $2.25. Despite recent volatility, analysts are bullish on XRP's future, predicting a substantial rally in the coming weeks, potentially reaching $12.
Ripple ( XRP ) fell from $2.50 to under $2 but recovered to $2.25, with analysts eyeing a substantial rally in the coming weeks. XRP whales bought 120 million tokens over the past week, reducing supply and potentially setting the stage for a price pump. Ripple ’s XRP was among the leading cryptocurrencies that were the worst affected amid the latest market correction. Its price tumbled from over $2.50 on December 17 to less than $2 three days later.
The bulls regained some ground in the past few days, with XRP currently trading at approximately $2.25 (per CoinGecko’s data). Still, that represents a 10% decline on a weekly scale.Despite the fluctuations and the recent pullback, many analysts remain optimistic that XRP could experience a substantial rebound in the near future. Crypto Bitlord, an X user with almost 400,000 followers, proclaimed, “the final pump for 2024 is loading.” The market observer predicted a price rally to as high as $12 next month, suggesting that “the rise starts now.”XRP’s 4-hour chart to envision the confirmation of a “Hidden Bullish Divergence” that could take the valuation to over 2.90 and a subsequent jump to a new all-time high. For their part, CrediBULL Crypto claimed that “the XRP/BTC chart below looks absolutely fantastic” and “the most bullish-looking chart in the entire space.” As such, the analyst predicts a price rally (assuming demand stays the same or heads north). Massive whale purchases may also trigger excitement among smaller investors who could buy up the dips
XRP Ripple Price Prediction Crypto Rally Whale Purchases
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Price Prediction: Could XRP Reach $4.20?A popular trader predicts that XRP could reach $4.20 based on repeating price patterns. The cryptocurrency has already gained over 460% since November.
Read more »
XRP Price Prediction for December 8When can traders expect further sharp move from XRP?
Read more »
XRP Price Prediction for December 22Is XRP ready to grow next week?
Read more »
XRP Price Prediction for November 29Can rate of XRP reach $2 mark this week?
Read more »
XRP Price Prediction for December 10When can rate of XRP start rising again?
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC reaches new high while ETH and XRP stallsBitcoin (BTC) price reaches a new all-time high (ATH) of $106,648 on Monday.
Read more »