{"id":30815,"date":"2024-12-24T09:12:51","date_gmt":"2024-12-24T09:12:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=30815"},"modified":"2024-12-24T09:12:51","modified_gmt":"2024-12-24T09:12:51","slug":"is-ripple-xrp-gearing-up-for-a-christmas-rally-analysts-weigh-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=30815","title":{"rendered":"Is Ripple (XRP) Gearing up for a Christmas Rally? (Analysts Weigh in)"},"content":{"rendered":"

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

Ripple (XRP) fell from $2.50 to under $2 but recovered to $2.25, with analysts eyeing a substantial rally in the coming weeks.
\nXRP whales bought 120 million tokens over the past week, reducing supply and potentially setting the stage for a price pump.<\/p>\n

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

Final Push for the Year?<\/h2>\n

Ripple\u2019s XRP was among the leading cryptocurrencies that were the worst affected amid the latest market correction. Its price tumbled from over $2.50 on December 17 to less than $2 three days later. The bulls <\/span>managed to recover<\/span> some ground in the past few days, with XRP currently trading at approximately $2.25 (per CoinGecko\u2019s data). Still, that represents a 10% decline on a weekly scale.\u00a0<\/span><\/p>\n

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

Despite the fluctuations and the recent pullback, many analysts remain optimistic that XRP could experience a substantial rebound in the near future. Crypto Bitlord, an X user with almost 400,000 followers, <\/span>thinks<\/span><\/a> \u201cthe final pump for 2024 is loading.\u201d The market observer predicted a price rally to as high as $12 next month, suggesting that \u201cthe rise starts now.\u201d<\/span><\/p>\n

JAVON MARKS was also among the bulls. They <\/span>touched upon<\/span><\/a> XRP\u2019s 4-hour chart to envision the confirmation of a \u201cHidden Bullish Divergence\u201d that could take the valuation to over 2.90 and a subsequent jump to a new all-time high.\u00a0<\/span><\/p>\n

For their part, CrediBULL Crypto claimed that \u201cthe XRP\/BTC chart below looks absolutely fantastic\u201d and \u201cthe most bullish-looking chart in the entire space.\u201d As such, the analyst <\/span>said<\/span><\/a> they will look to open a long position once again for another trade in the following days.<\/span><\/p>\n

Whales on the Move<\/span><\/h2>\n

The latest correction of the crypto market, which started <\/span>shortly<\/span> after the Fed announced<\/a> another interest rate cut but also hinted at a pause of the policy for next year, <\/span>seems to have<\/span> been welcomed by XRP whales.<\/span><\/p>\n

On December 20, X user Ali Martinez <\/span>revealed<\/span><\/a> that such large investors <\/span>have<\/span> purchased around 80 million tokens in <\/span>the span of<\/span> three days. Earlier today (December 24), he <\/span>claimed<\/span><\/a> that whales have stacked up on an additional 40 million coins.\u00a0<\/span><\/p>\n

Such actions reduce the circulating supply of XRP, which could <\/span>be followed<\/span> by a price rally (assuming demand stays the same or heads north). Massive whale purchases may also trigger excitement among smaller investors who could <\/span>also<\/span> hop on the bandwagon, thus creating further upward pressure on the price.<\/span><\/p>\n

\u00a0<\/p>\n

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

TL;DR Ripple (XRP) fell from $2.50 to under $2 but recovered to $2.25, with analysts eyeing a substantial rally in the coming weeks. XRP whales bought 120 million tokens over the past week, reducing supply and potentially setting the stage for a price pump. Final Push for the Year? Ripple\u2019s XRP was among the leading […]<\/p>\n","protected":false},"author":0,"featured_media":30816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30815","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\/30815"}],"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=30815"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30816"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}