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Elena R
Elena R
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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Dec 30, 2024 06:38 UTC
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Top Analyst Predicts XRP Price Surge Despite Market Fears – Here’s Why
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XRP $ 2.12 (-1.62%) 
Analyst Armando Pantoja urges investors to remain bullish on XRP despite recent consolidation.
He points to historical precedent, citing XRP's explosive 2017-2018 rally as evidence of its potential for significant gains.
XRP has experienced a 10.71% price increase in December, indicating continued investor interest.
As XRP faces uncertainty in the market, one prominent analyst is confident that an explosive rally is just around the corner. Armando Pantoja, a member of the Benzinga crypto advisory board and an IBM blockchain award recipient, believes that despite the current slowdown, XRP’s potential remains undeniable.
His bold predictions come at a time when many are questioning the token’s future. So, what makes Pantoja so sure?
Analyzing XRP’s Recent Performance
XRP saw an impressive 284% rally in November, but has since slowed down as the broader crypto market continues to consolidate. This range-bound phase has left some investors uncertain, leading to profit-taking. However, Pantoja’s message remains strong: investors should continue to believe in XRP’s potential.
Recent data shows an increase in Binance’s XRP Exchange Reserve, which climbed from 2.79 billion tokens on December 16 to 2.93 billion. This suggests that traders are still active, preparing for sales. Despite this, Pantoja continues to urge investors to trust in XRP’s future.
XRP’s Track Record
XRP’s performance during the 2021 bull run and early in the current market cycle has left many uncertain. Even market veteran Raoul Pal warned that XRP investors might miss out on the current market rally, advising them to seek gains elsewhere. After Trump’s win in the 2024 election, optimism around XRP briefly surged, but doubts returned soon after.
Some analysts have predicted high price targets for XRP, such as $27 and $33, but many consider these predictions unrealistic. Despite this, Pantoja is optimistic, citing XRP’s dramatic rise during the 2017/2018 market cycle. Back then, XRP traded as low as $0.003 in January 2017 while other assets surged.
Once it broke out, XRP skyrocketed from that low point to $3.31 in January 2018, a 110,233% increase in just one year. Pantoja highlights how this rally turned a $1,000 investment into $1.1 million.
- Also Read :
- XRP Price Prediction For December 30
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Why XRP is Set to Explode
Pantoja points to several potential factors that could spark another major rally for XRP, including the possible conclusion of the SEC vs. Ripple lawsuit. He also notes that a pro-crypto leadership in the U.S. set to take office in January 2025 could bring much-needed clarity and market support. Former President Trump has promised to create a more crypto-friendly administration, which could act as a catalyst for another market surge.
As of now, XRP is trading at $2.16, up 10.71% in December despite ongoing volatility.
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Pantoja’s optimism, backed by past performance and upcoming market catalysts, suggests that XRP’s journey is far from over—and that a major move could be just around the corner.
FAQs
XRP might reach a high of $3.99 or an average of $3.07.
Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.
Yes 
No 
