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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the year draws to an end, the XRP price is making news, approaching its all-time high of $3.40, a mark it attained nearly seven years prior. As the year draws to an end, the XRP price is making news, approaching its all-time high of $3.40, a mark it attained nearly seven years ago. Analysts are now hopeful about the token’s prospects, with an almost 300% rise year-to-date that positions the fourth-largest cryptocurrency for new records. XRP to reach $5 on Christmas Day? After a recent major decline of 9% in the last two weeks, the XRP price has increased by 3.4% to $2.25 within just 24 hours, ending the week above essential support levels. This recovery sets the XRP price to maintain its remarkable upward trend, having increased more than 100% since November 5, aligning with the political changes in the United States. Crypto analyst Ali Martinez emphasized the significance of the $2.20 support level, stating that as long as the XRP price holds above this mark, it could consolidate prior to aiming for the $2.70 resistance. The analyst thinks that if the XRP price falls below $2.20, it might lead to a drop to $1.96. Martinez also observed an increase in whale activity, with major acquisitions of 80 million tokens since December 17, indicating positive sentiment for XRP. Notably, in a recent poll conducted by market analyst CryptoinsightUK on social media site X (formerly Twitter), a majority of respondents anticipated the XRP price would reclaim the $3.30 level by Christmas day.  However, the analyst projected a possible new all-time high of $5 for the XRP price by December 24, with bold expectations of hitting $10 and more…

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Filed under: News - @ December 25, 2024 5:15 am