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Debashree Patra
Debashree Patra
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- Dec 17, 2024 06:44 UTC
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XRP Price to Hit New ATH? Traders Eye $3.55 Post SEC Verdict
XRP has seen significant price increases since the US election, outperforming Bitcoin and the broader crypto market.
Analysts predict further price appreciation for XRP, with potential targets ranging from $3.55 to $17.54.
The SEC lawsuit remains a key factor influencing XRP's price.
Since the U.S. election, Ripple’s XRP has been riding a strong bullish wave, briefly reaching nearly $3 earlier this month. Currently trading at $2.51, XRP has risen 4.52% following the announcement of Ripple’s RLUSD stablecoin launch. Analysts believe XRP could reach $3.55 if the SEC resolves its ongoing appeal and clears the token of regulatory issues.
This price target assumes that once XRP’s legal challenges are behind it, the token could experience a major rally.
Bitcoin and Solana Left Behind
While Bitcoin has gained 46% since the election and the broader crypto market has seen a 93% rise, XRP has outperformed expectations. The token has even surpassed Solana and Tether, becoming one of the biggest winners of the Trump-led crypto rally. According to CNBC, XRP has surged 370% since the election.
This impressive growth is pushing XRP closer to some of the bigger assets in the market.
DonAlt Predicts XRP Could Double Again
Popular cryptocurrency trader DonAlt, who accurately predicted XRP’s November rally, believes the token could double again if it breaks out of its current trading range. Since early December, XRP has been stuck between support and resistance levels of $2.20 and $2.60, struggling to push past $3.
However, DonAlt suggests that if XRP manages to break through the $2.60 resistance level, it could trigger a fresh wave of bullish momentum, sending the price even higher.
XRP price is skyrocketing—don’t miss out! Read XRP price prediction to see where this explosive growth is headed next!
XRP Technical Analysis
EGRAG points out the technical factors of XRP breakout wherein historical market cycles and Fibonacci analysis predicts that XRP’s market dominance could increase to 5.9% or even 6%. If this happens, XRP’s price could see explosive gains.
EGRAG has even suggested that if Ripple achieves its $5 trillion market cap forecast, XRP could reach prices between $8.77 and $17.54, depending on how much of the global crypto market it captures. Currently, XRP’s market dominance has risen to 2.09%, marking a significant rebound after its recent surge above $1.
XRP is now just 27.3% away from its all-time high, which was recorded seven years ago, and the excitement surrounding XRP’s future is only growing. With RLUSD in the pipeline and IPO coming up next the path for XRP is bullish and investors are rooting for a positive end to Ripple vs SEC which blocked XRP’s growth for a decade.
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The end of Ripple’s legal battles could mark the beginning of a new chapter for XRP, one filled with explosive potential.
FAQs
Ripple’s RLUSD stablecoin launch boosted investor confidence, driving XRP up 4.52% and adding momentum to its bullish outlook.
XRP is currently 27.3% away from its all-time high, recorded seven years ago, with renewed bullish sentiment boosting its prospects.
Yes 
No 
