{"id":23410,"date":"2024-11-25T19:10:26","date_gmt":"2024-11-25T19:10:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=23410"},"modified":"2024-11-25T19:10:26","modified_gmt":"2024-11-25T19:10:26","slug":"is-ripple-xrp-gearing-up-for-a-new-ath-before-christmas-analysts-speculate","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=23410","title":{"rendered":"Is Ripple (XRP) Gearing up for a New ATH Before Christmas? (Analysts Speculate)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

XRP has been on a tear lately, with analysts predicting further growth.<\/span>
\nOptimistic projections hinge on favorable conditions like a pro-crypto SEC leadership shift and historical performance of the asset.<\/p>\n

<\/a><\/h2>\n

New Peak Before the End of 2024?<\/span><\/h2>\n

Ripple\u2019s XRP is among the best-performing cryptocurrencies in the past month, with its price exploding by almost 200%<\/span>. It currently trades at approximately $1.50, and many analysts believe the rally has just started.
\n<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

X user CrediBULL Crypto <\/span>claimed<\/span><\/a> that XRP \u201clooks fantastic\u201d and its valuation could <\/span>head north to<\/span>\u00a0$1.60 \u201cas long as BTC doesn\u2019t ruin the party.\u201d\u00a0<\/span><\/p>\n

Crypto Assets Guy was even more optimistic, <\/span>envisioning<\/span><\/a> a pump to $2 by the end of November and a new all-time high of over $4 before Christmas. Moreover, they assumed XRP could skyrocket to $10 during the first quarter of next year.\u00a0<\/span><\/p>\n

Such a price explosion would require the asset\u2019s market capitalization to exceed $500 billion. <\/span>While the figure currently stands at around $85 billion, some important incoming factors may <\/span>indeed<\/span> trigger a massive resurgence.<\/span><\/p>\n

One of the <\/span>key<\/span> elements is the shift in <\/span>the leadership of<\/span> the US Securities and Exchange Commission (SEC).<\/span> As <\/span>CryptoPotato<\/span><\/em> recently <\/span>reported<\/span><\/a>, Chairman Gary Gensler will vacate his post on January 20. He is known as a big enemy of the digital asset industry, and the agency filed numerous lawsuits against crypto businesses during his tenure. <\/span>Perhaps the<\/span> most popular include the legal battle against Ripple<\/a>.<\/span><\/p>\n

The lawsuit, which has been ongoing for almost four years, might reach a faster and more favorable (for the company) conclusion, assuming Gensler\u2019s successor is pro-crypto. Of course, that\u2019s just speculation, and we have yet to see who will replace him at the helm.<\/span><\/p>\n

The Mega Bull<\/span><\/h2>\n

The X user CryptoBull, who often touches upon XRP\u2019s price fluctuations, recently <\/span>suggested<\/span><\/a> that XRP\u2019s price may jump to as high as $30 <\/span>assuming<\/span> certain factors are in place.<\/span><\/p>\n

The analyst thinks this could be possible if the valuation closes the monthly candle at approximately $2, thus mimicking an astronomical rally observed in March 2017.<\/p>\n

\u201cIf it continues the trend, it would close around $5 in December and $30 at the end of January 2025,\u201d the forecast reads.<\/span><\/p>\n

The post Is Ripple (XRP) Gearing up for a New ATH Before Christmas? (Analysts Speculate)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP has been on a tear lately, with analysts predicting further growth. Optimistic projections hinge on favorable conditions like a pro-crypto SEC leadership shift and historical performance of the asset. New Peak Before the End of 2024? Ripple\u2019s XRP is among the best-performing cryptocurrencies in the past month, with its price exploding by almost […]<\/p>\n","protected":false},"author":0,"featured_media":23411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23410"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23410"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23411"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}