Top Ripple Price Predictions After XRP’s Run to $2.5

As a seasoned researcher who has closely followed the crypto market since its inception, I must say that the recent surge of XRP is nothing short of astonishing. Having witnessed numerous bull runs and bear markets, I can confidently say that this current rally is unlike any we’ve seen before, primarily due to the significantly higher price of Bitcoin compared to 2017.

TL:DR;

XRP continues to steal the show as it skyrocketed to $2.5 earlier today, thus coming less than $1 away from its all-time high of $3.4.
The ever-vigilant Ripple community was quick to outline new peaks for the asset, with some slightly ridiculous predictions of up to $20.

Will XRP See New All-Time High Soon?

Since Donald J. Trump’s victory in the ’24 U.S. presidential elections about a month ago, the cryptocurrency market has been experiencing an unprecedented surge. The momentum was first set by Bitcoin, which surpassed its previous all-time high from March ($73,737) and soared close to $100,000 at its highest point.

After Bitcoin’s surge, various altcoins quickly followed with significant increases, including Dogecoin. On the other hand, coins like XRP initially lagged but eventually caught up and outperformed many predictions. In the past month, Ripple’s token has been leading the way in gains, skyrocketing by 350% and reaching $2.5 for the first time since early 2018.

Furthermore, it outperformed many other cryptocurrencies in terms of market capitalization during its ascent, and for a brief period today, it managed to break into the top three rankings.

As an analyst, I’m observing the buzz within the vibrant XRP community, who are jubilant about recent developments. Many members have expressed their forecasts regarding the token’s future trajectory. According to my analysis, the $3 mark currently serves as a significant hurdle on the road to a potential new all-time high of $3.4 for XRP. If this barrier is surpassed, it could pave the way for “price discovery levels that XRP has yet to encounter.

According to JayXRP, the value of the token may reach approximately $3.19 by the end of this week. On the other hand, business consultant and market observer Jacob Canfield predicts that XRP could potentially climb as high as $6.6. He refers to this level as the “optimal point for panic buying.” Nevertheless, he anticipates a brief dip in value before the asset resumes its upward trend.

In contrast to previous occurrences with XRP, what sets this current movement apart is that the value of Bitcoin today is approximately five times greater than it was during 2017.

By employing Canfield’s Fibonacci extensions for a rough prediction, we might find ourselves around the 11.09 Fibonacci extension level.

This would put the price…

— Jacob Canfield (@JacobCanfield) December 2, 2024

$5, $8, or $20?

In simpler terms, Tony Edward, who runs the Thinking Crypto Podcast, expressed optimism about XRP’s future, predicting its price could range from around $5 to $8. However, he dismissed as unrealistic any forecasts suggesting it might reach as high as $10,000.

My $XRP price target for this cycle $5-$8. It could go a bit higher but I’m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack.

— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024

crypto expert, CryptoGeek, predicts that XRP could potentially reach $19.28, however, this figure is currently considered high or inflated. If it did, the market capitalization of XRP would be around $1.1 trillion, making it second only to Bitcoin in terms of value within the cryptocurrency sector. Given that there are over 57 billion tokens in circulation for XRP, such a price would be substantial.

2024-12-02 15:08

Top Ripple Price Predictions After XRP’s Run to $2.5

Will XRP See New All-Time High Soon?

$5, $8, or $20?

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