Is XRP Price Ready for Another Rally?

TL;DR

XRP rose to $1.44 with increased network activity indicating growing interest and potential for further gains. Analysts predict targets of $2 soon and above $4 by Christmas, driven by bullish momentum. Resurgence of XRP

Ripple’s native token has soared recently, with its price jumping to a three-year high of $1.60 on November 23. In the following days, it headed south alongside the broader market correction, but the last 24 hours have seen more success.

XRP is currently trading around $1.44, representing a daily increase of 10%. Its market capitalization is well above $80 billion, positioning the asset as the sixth largest in the entire sector.

XRP Price, Source: CoinGecko

The resurgence coincides with some important XRP-related metrics that have risen recently. For example, account-to-account XRP payments soared above 1.2 million on November 26 (marking an 85% increase on a 24-hour scale). The number of transactions executed on the XRP Ledger (XRPL) has also increased substantially.

This usually indicates increased network activity and utilization. It may also indicate growing interest in XRP, which could be followed by a further rise in the prices of the underlying asset.

Crypto X is full of analysts who expect the bull run to continue in the coming months. Dark Defender believes that XRP could rise to $1.63 if it breaks the $1.44 resistance level.

“If we see 3 consecutive candles close, especially in a 4-hour frame, we consider a run to the $2 area! And that would be just the beginning of the beginning,” added the trader.

Mikybull Crypto also believes that the price is approaching $2, while JAVON MARKS speculated that XRP could reach an astonishing $99 if it reflects its performance in the past.

It’s important to note that the token’s market cap needs to skyrocket past $5 trillion for this to happen. The entire industry is currently capitalized at less than $3.5 trillion, which makes forecasting quite difficult (to say the least).

New ATH before Christmas?

Other analysts who see a bright future for XRP include the likes of CrediBULL Crypto and Crypto Assets Guy. The former recently suggested that the token’s valuation could head north to $1.60 “as long as BTC doesn’t crash the party.”

The latter was even more bullish, predicting a bomb to $2 by the end of November and a new all-time high of over $4 before Christmas. They also assumed that XRP could shoot up to $10 in the first quarter of 2025.

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