- Crypto market educator CryptoInsightUK forecasted XRP could hit a new all-time high of $5 by the end of 2024 and potentially rise to double digits in 2025.
- XRP whales have accumulated over 830 million XRP, reflecting strong market interest.
Ripple’s native crypto XRP is once again showing strength, gaining 12.5% in the last 24 hours and surging to $2.69 levels as of press time. The XRP price momentum comes amid the launch of Ripple’s RLUSD stablecoin, with the daily trading volume of the assets soaring 163%, all the way to $18.28 billion.
Several crypto market analysts have turned bullish for the asset’s gains by Christmas time. CryptoInsightUK, a crypto market educator, has shared his bullish XRP price prediction for Christmas, anticipating an upward trend.
The market analyst disclosed this prediction after consulting the community on XRP’s price outlook. CryptoInsightUK conducted a poll on X, asking users to vote on what they believe XRP’s price will be by Christmas, December 25.
He gave three options as to whether XRP will collapse under $2, or will trade in the range between $2 to $3.3, or change hands in the range of $3.30 and $5. Besides, the market analyst also provided an option of over $5 XRP price by Dec. 25. As it turns out, a total of 35% of the users believe that it will trade in the range between $2 to $3.30 while another 30% believe that it will trade between $3.3 to $5.0. On the other hand, 25% believe that the XRP price will change hands above $5 by Christmas this year.
$XRP price Christmas Day:
— Cryptoinsightuk (@Cryptoinsightuk) December 15, 2024
After the poll, CryptoInsightUK shared his own XRP target, forecasting the asset could reach a new all-time high of $5 between now and the new year. However, he anticipates that XRP will surpass this level as 2025 unfolds, predicting a rise to a double-digit price between January and March, per the CNF report.
XRP Price Surge Amid Strong Whale Activity
Ripple whales have maintained their buying momentum, driving a more than 12% rally in XRP today. The surge comes amid growing market optimism, particularly with the announcement of the launch of Ripple’s stablecoin, RLUSD.
Renowned crypto market expert Ali Martinez has highlighted the surge in whale activity, sparking widespread discussions about its potential impact on XRP’s future performance. Recent data reveals that XRP whales have accumulated over 830 million XRP since yesterday, indicating strong market interest in the cryptocurrency.
However, some investors may opt to take profits following the recent surge in the asset’s value. Notably, on-chain transaction tracking platform Whale Alert recently reported a selloff, highlighting that a wallet identified by the address “rEbXa….poLBo” moved 69.3 million XRP, worth approximately $175.87 million, to the leading crypto exchange Binance.
Veteran crypto trader Peter Brandt recently noted that XRP price is forming a bullish flag-and-pole pattern breakout, which could easily push it to $5; however, as per his timeframe, that could happen sometime in January 2025.
XRP @xrpusd appears to be resolving a half mast flag. If so, distance to upside should equal advance into tip of flag pic.twitter.com/Wj5c4gu5qE
— Peter Brandt (@PeterLBrandt) December 17, 2024
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