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The price of XRP ended December at around $2.08 after a period of booms and busts. Although December ended just above the $2 level, the price of XRP went through a period of growth in the first half of the month, during which it peaked around $2.9, which was the highest price in over six years.
Despite ending the month down 28% from its six-year high, XRP nonetheless achieved its highest-ever monthly candle body close. This is an compelling phenomenon was noted by cryptocurrency analyst Tony Severino, who also suggested that the XRP price is on track to reach $13 this cycle.
XRP price reaches highest closing candle level in history
According to XRP data, December ended with an boost of 6.94% compared to the beginning, after an unexpected boost of 281.7% in November data from CryptoRank. During this period of price increases, XRP has received significant interest from cryptocurrency analysts and investors, with various predictions for continued increases in 2025.
However, Bitcoin failure over $100,000 the price level appears to have stalled XRP’s momentum along with many other cryptocurrencies. This caused XRP to follow a path of correction and consolidation in the second half of December. Nevertheless, the upward trajectory remains valid for XRP, with the latest technical analysis from cryptocurrency analyst Tony Severino, who also contributed to the topic.
The XRP price registered its current all-time high of $3.40 in January 2018, but ended the month at $1,124, starting another bearish candle on the monthly time horizon. As Tony Severino noted in the XRP monthly candles, December 2024 was the highest monthly close in the XRP price.
While the cryptocurrency did not break its current all-time high in December, it did manage to achieve this significant milestone. While this isn’t much of a technical indicator, it does show the continued bullish momentum around the XRP price, which has prevented prices from falling further below the $2 level.
Technical analysis indicates a target price of $13
Crypto analyst Tony Severino also underlined compelling technical pattern playing out on the daily time frame of the XRP candle. According to the analyst, a bull flag appears to be emerging following the December price correction of XRP.
The bull flag pattern identified by Severino is a technical setup often associated with significant price increases. It is characterized by a keen upward movement in November, followed by a period of consolidation in a falling channel in December.
An upside breakout from a bull flag pattern typically leads to: continuation of the initial raid. In the case of XRP, Tony Severino predicted a breakout that would push XRP to $13 in the coming months.

At the time of writing, XRP is trading at $2.37 and is up approximately 12% in the last 24 hours. Reaching the projected target of $13 would translate into a 450% boost over current price levels.
Featured image created with Dall.E, chart from Tradingview.com