Recent price action across the cryptocurrency market has resulted in a change in the price of XRP return to upward momentum in the last 24 hours. In particular, shopping trends and mentions on social media show that the bullish sentiment never left XRP, even during the price rejection at $2.9 earlier this month.
Interestingly, cryptocurrency analyst Cryptoinsightuk recently revealed a timeline of bullish price levels for XRP, with the first being a target of $5 over the next two weeks.
The price of XRP will reach $5 in January and $10 shortly thereafter
Sharing thoughts on social media platform XCryptoinsightsuk stated that XRP could reach $5 between now and the end of 2024, and reach double digits between January and March 2025. As December is already halfway through the month, this means that the analyst is predicting an extraordinary rally in XRP that will send prices skyrocketing to modern price areas in the next two to three weeks.
As of this writing, the price of XRP is around $2.50, which means it needs to double in value and boost by 100% for this prediction to come true. Interestingly, this projected 100% boost is diminutive compared to what the XRP price has achieved over the past two months. A perfect example of this this is the November surgein which the price of XRP increased by over 285% and ended the month at $1.93. However, keep in mind that the amount of inflow needed to break into $5 at the current price will make the projected 100% boost more significant.
Reaching the $5 price level would translate into modern all-time highs for the XRP price as its current high is $3.4. However, Cryptoinsightuk’s bullish predictions do not stop at $5 by the end of the year. The analyst outlined his expectation that the price of XRP could reach double-digit levels between January and March next year. This would push the price of XRP above $10, which would be a significant milestone for the cryptocurrency.
The survey results show mighty bullish sentiment for XRP
Cryptoinsightuk’s predictions stemmed from a recent poll he conducted in which he asked followers to vote for their expectations for the price of XRP on Christmas Day. The survey listed four price ranges: under $2, $2 to $3.30, $3.30 to $5 and over $5. The result revealed stiff competition among the higher price points, but ultimately the results showed that bullish community outlook for XRP.
The bear camp, which predicted that XRP would be below $2, won only 8.3% of the votes. Meanwhile, a significant proportion of respondents were more positive. About 35.9% of participants placed bets to trade XRP in the range of $2 to $3.30, while 30.2% expected a range of $3.30 to $5. Notably, 25.6% of voters believed that XRP could break the $5 mark, reflecting high confidence in a significant rally.
Although the $2 and $3.30 ranges received the most votes, the results clearly show that most cryptocurrency participants see significant growth in XRP’s momentum in the near future.
At the time of writing, XRP is trading at $2.42, up 4.4% and 14.5% over the last 24 hours and seven days, respectively.
Featured image created with Dall.E, chart from Tradingview.com
