Ripple’s top price predictions after XRP’s $2.5 run

TL:DR;

XRP continues to steal the show as it soared to $2.5 today, coming within $1 of its all-time high of $3.4. The ever-vigilant Ripple community was quick to outline new highs for the asset, with some somewhat ridiculous predictions as high as $20.

Will XRP See A New All-Time High Soon?

The cryptocurrency market has been on fire since Donald J. Trump won the ’24 US presidential election almost a month ago. The charge was initially led by Bitcoin, which broke its March all-time high of $73,737 and soared to $100,000 for its latest peak.

Numerous altcoins followed suit with immediate gains, such as Dogecoin, while others, such as XRP, lagged behind at first but joined the party later and exceeded most expectations. The Ripple token has been at the forefront of gains over the past month, having risen 350% and touching $2.5 today for the first time since January 2018.

It also outperformed several crypto assets in its rise in terms of market capitalization and even briefly entered the top three.

The XRP Army, one of the most popular crypto communities, celebrated the move and many posted their predictions about the asset’s future behavior. According to Xena XRP, the $3 level remains the biggest obstacle now on the token’s path to a new all-time high of $3.4. If it breaks, it will come “price discovery … levels XRP has never been before”.

JayXRP predicted the token will rise to $3.19 this week, while business consultant and market watcher Jacob Canfield said XRP could rise to $6.6, which is the “ideal FOMO target.” However, he believes there will be a pullback soon before the asset heads north again.

The only difference between this $XRP they move and those of the past is that the price of Bitcoin is 5 times higher than in 2017.

If we use the Canfield Fibonacci extensions to get an idea of ​​where this move might take us, it would be at the 11.09 fib extension.

This would put the price… pic.twitter.com/fNYay1eFLF

— Jacob Canfield (@JacobCanfield) December 2, 2024

5, 8 or 20?

Thinking Crypto Podcast host Tony Edward was also quite bullish on XRP, indicating a price target of $5-$8. At the same time, he criticized the rather ridiculous predictions of up to $10,000.

my $XRP target price for this cycle between 5 and 8 dollars. I could go a little higher, but I’m going to play it safe and be conservative. People asking for $589, $1,000, and $10,000 are smoking crack. pic.twitter.com/joXwhGcxMq

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

CryptoGeek described $19.28 as a potential target for XRP, but it’s also in the “overpriced” category, at least for now. With its current supply of over 57 billion tokens, this price would put its market cap at $1.1 trillion, which would be second only to Bitcoin in the crypto industry.

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