Recent price action in the overall crypto market has seen the value of XRP going back to bullish momentum in the last 24 hours. Notably, buying styles and mentions on social media show that the bullish sentiment never left XRP, even during the price rejection at the $2.9 level earlier this month.
Interestingly, crypto analyst Cryptoinsightuk recently revealed a timeline of bullish XRP price levels, with the first being the $5 target in the next two weeks or so.
XRP Price Will Reach $5 In January, $10 To Follow Soon After
Discussing his thoughts in the social media XCryptoinsightsuk said that XRP could hit $5 between now and the end of 2024 and reach double digits between January and March 2025. Since December is already in the middle of the month, what this means is that the analyst predicts a significant explosion of XRP that will send it moves up to new price points in the next two or three weeks.
At the time of writing, XRP is trading around $2.5, which means it would have to double in value and increase by 100% for this prediction to come true. Interestingly, this increase of approximately 100% is small compared to what the price of XRP has done in the past two months. A prime example of this the rise of Novemberwhich saw the price of XRP rise over 285% to end the month at $1.93. However, it is important to remember that the amount of entry required to run to $5 at the current price would make the proposed 100% very high.
Reaching the $5 price level would translate to a new high for the XRP price, as its current high is $3.4. However, Cryptoinsightuk’s bullish prediction does not stop at $5 by the end of the year. The analyst expressed his expectation that the price of XRP could fall into the double-digit zone between January and March next year. This will see the price of XRP trade above $10, which would mark a major milestone for the cryptocurrency.
Survey Results Show Strong Bullish Sentiments for XRP
Cryptoinsightuk’s prediction follows a recent poll he conducted, where he asked fans to vote for their XRP price expectations on Christmas day. The survey provided four price categories: under $2, between $2 and $3.30, between $3.30 and $5, and over $5. The result revealed a close competition between the top price levels, but the results finally showed XRP community opinion.
The bearish camp, which predicted XRP below $2, accounted for only 8.3% of the votes. Meanwhile, a large proportion of respondents shared more confidence. About 35.9% of participants placed their bets on XRP trading between $2 and $3.30, while 30.2% expected a range of $3.30 to $5. Notably, 25.6% of voters believe that XRP can surpass the $5 mark, indicating strong confidence in the rally.
Although the $2 and $3.30 range had the highest votes, the results make it clear that many crypto participants see a significant rise in XRP in the near future.
At the time of writing, XRP is trading at $2.42 and is up 4.4% and 14.5% in 24 hours and seven days, respectively.
The featured image was created with Dall.E, a chart from Tradingview.com
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