The recent price movement in the overall cryptocurrency market has seen the price of XRP Reversal to bullish momentum In the last 24 hours. It is worth noting that purchasing trends and Mentions on social media It shows that the uptrend never left XRP, even during its price rejection at the $2.9 level earlier this month.
Interestingly, cryptocurrency analyst Cryptoinsightuk recently revealed a timeline for bullish XRP price levels, with the first being a target of $5 in the next two weeks or so.
The price of XRP will reach $5 in January, and $10 to follow shortly after
Share his thoughts On the social media platform XCryptoinsightsuk reported that XRP could reach $5 between now and the end of 2024 and reach double digits between January and March 2025. With December already halfway through the month, this means the analyst is predicting a notable rise in XRP that would send it surging into the regions New prices in the next two or three weeks.
At the time of writing, XRP is trading at around $2.5, meaning its value would have to double and increase by 100% for this prediction to come to fruition. Interestingly, this expected 100% increase is small compared to what the XRP price has done in the past two months. A prime example of this It is high NovemberWhich saw the price of XRP rise by more than 285% to end the month at $1.93. However, it is important to keep in mind that the amount of inflow needed to reach $5 at the current price would make the expected 100% increase much more significant.
Reaching the $5 price level would translate into all-time highs for the price of XRP, with its current all-time high standing at $3.4. However, Cryptoinsightuk’s bullish forecast does not stop at $5 by the end of the year. The analyst explained his prediction that the price of XRP may cross into double-digit territory between January and March next year. This will cause the price of XRP to trade above $10, which represents a major milestone for the cryptocurrency.
The survey results show a strong bullish sentiment towards XRP
Cryptoinsightuk’s predictions came in the wake of a recent poll, where he asked his followers to vote on their opinions. XRP price forecast On Christmas Day. The survey provided four price ranges: less than $2, between $2 and $3.30, between $3.30 and $5, and more than $5. The result revealed that there was close competition between the higher price ranges, but the results showed in the end Bullish community expectations for XRP.
The bearish camp, which expected the price of XRP to be below $2, captured only 8.3% of the votes. At the same time, a large portion of survey participants expressed a more optimistic attitude. About 35.9% of participants placed their bets on XRP trading between $2 and $3.30, while 30.2% expected a range between $3.30 and $5. Notably, 25.6% of voters believe that XRP could surpass the $5 mark, reflecting strong confidence in a significant rally.
Although the $2 and $3.30 range received the highest votes, the results show that most cryptocurrency participants see significant upward momentum for XRP in the near future.
At the time of writing, XRP is trading at $2.42 and has risen by 4.4% and 14.5% in the past 24 hours and seven days, respectively.
Featured image created with Dall.E, chart from Tradingview.com