2024

bullish

when

<ul class="wp-block-list">
 <li>CryptoBull predicts XRP could replicate its 2017 bull run.</li>
 <li>Closing November above $2 is seen as critical.</li>
 <li>The analyst forecasts XRP reaching $5 by December 2024 and $30 by January 2025.</li>
</ul>
<p>Market analyst <a href="https://x.com/CryptoBull2020/status/1859818798444101999" target="_blank" rel="noopener noreferrer nofollow">CryptoBull </a>has outlined an ambitious trajectory for <a href="https://thenewscrypto.com/?s=XRP" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, drawing parallels between current market conditions and the historic 2017 bull run. The analysis comes as XRP trades at $1.55, marking a remarkable 203% monthly gain and sparking speculation about its potential to reach unprecedented levels.</p>
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   <p lang="en" dir="ltr">If <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> closes the monthly candle around $2, it rose 288%, just like it did in March of 2017. If it continues the trend, it would close around $5 in December and $30 at the end of January 2025.</p>— CryptoBull (@CryptoBull2020) <a href="https://twitter.com/CryptoBull2020/status/1859818798444101999?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 22, 2024</a>
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</figure>
<h2 class="wp-block-heading" id="h-november-s-critical-2-target-for-xrp">November’s Critical $2 Target For XRP</h2>
<p>The immediate focus centers on XRP’s ability to close November above $2, a level not seen since January 2018. “A monthly close above $2 would represent a 288% increase, mirroring the March 2017 breakout that preceded XRP’s historic rally,” CryptoBull noted, highlighting the significance of this potential milestone.</p>
<p>The analyst draws striking parallels to XRP’s 2017 performance when it surged from $0.0056 to $0.0214 in March, marking a 284% monthly gain. That move preceded an extraordinary 15,367% rally to $3.31 by January 2018, setting the stage for potential similar momentum.</p>
<p>CryptoBull outlines a specific timeline for XRP’s potential ascent:</p>
<ul class="wp-block-list">
 <li>December 2024: Target of $5, establishing a new all-time high</li>
 <li>January 2025: Extended target of $30, representing an 1,835% increase from current levels</li>
</ul>
<p>The projected $30 price point would elevate XRP’s market capitalization to approximately $1.7 trillion, positioning it near Bitcoin’s current $1.9 trillion valuation. While substantial, this target represents a more modest percentage gain compared to the 2017 rally, suggesting a potentially achievable goal in the current market environment.</p>
<p>Current market conditions, characterized by XRP’s 59% weekly gain and strengthening momentum, provide the foundation for this bullish outlook, though achieving these targets would require significant sustained capital inflow.</p>

XRP Eyes Historic $30 Target as Analyst Maps Path to New Heights

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