TL;DR
<ul>
 <li>XRP has been on a tear lately, with analysts predicting further growth.</li>
 <li>Optimistic projections hinge on favorable conditions like a pro-crypto SEC leadership shift and historical performance of the asset.</li>
</ul>
<h2 id="a-href-https-cryptopotato-com-wp-content-uploads-2024-11-xrp_cb-63-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP_CB-63.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></h2>
<h2 id="span-data-preserver-spaces-true-new-peak-before-the-end-of-2024-span">New Peak Before the End of 2024?</h2>
Ripple’s XRP is among the best-performing cryptocurrencies in the past month, with its price exploding by almost 200%. It currently trades at approximately $1.50, and many analysts believe the rally has just started. 
<figure id="attachment_372107" aria-describedby="caption-attachment-372107" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-12.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-372107" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-12.png" alt="XRP Price" width="573" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-12.png 1047w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-12-300x209.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-12-1024x715.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-12-768x536.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-12-50x35.png 50w" sizes="(max-width: 573px) 100vw, 573px"></a>
 <figcaption id="caption-attachment-372107" class="wp-caption-text">
 XRP Price, Source: CoinGecko
 </figcaption>
</figure>
X user CrediBULL Crypto <a class="editor-rtfLink" href="https://x.com/CredibleCrypto/status/1860892675706122722" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">claimed</a> that XRP “looks fantastic” and its valuation could head north to&nbsp;$1.60 “as long as BTC doesn’t ruin the party.”&nbsp;
Crypto Assets Guy was even more optimistic, <a class="editor-rtfLink" href="https://x.com/cryptoassetsguy/status/1860693188844896589" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">envisioning</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.&nbsp;
Such a price explosion would require the asset’s market capitalization to exceed $500 billion. While the figure currently stands at around $85 billion, some important incoming factors may indeed trigger a massive resurgence.
One of the key elements is the shift in the leadership of the US Securities and Exchange Commission (SEC). As CryptoPotato recently <a class="editor-rtfLink" href="https://cryptopotato.com/sec-chairman-gary-gensler-confirms-he-will-step-down-in-january/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">reported</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. Perhaps the most popular include <a href="https://cryptopotato.com/the-ripple-v-sec-case-resembles-moby-dick-the-companys-clo-explains-why/" data-wpel-link="internal" rel="noopener noreferrer nofollow">the legal battle against Ripple</a>.
The lawsuit, which has been ongoing for almost four years, might reach a faster and more favorable (for the company) conclusion, assuming Gensler’s successor is pro-crypto. Of course, that’s just speculation, and we have yet to see who will replace him at the helm.
<h2 id="span-data-preserver-spaces-true-the-mega-bull-span">The Mega Bull</h2>
The X user CryptoBull, who often touches upon XRP’s price fluctuations, recently <a href="https://cryptopotato.com/xrp-army-rejoice-ripples-26-daily-price-surge-with-predictions-of-up-to-30-per-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">suggested</a> that XRP’s price may jump to as high as $30 assuming certain factors are in place.
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.
<blockquote>
 “If it continues the trend, it would close around $5 in December and $30 at the end of January 2025,” the forecast reads.
</blockquote>
The post <a href="https://cryptopotato.com/is-ripple-xrp-gearing-up-for-a-new-ath-before-christmas-analysts-speculate/" rel="noopener noreferrer nofollow">Is Ripple (XRP) Gearing up for a New ATH Before Christmas? (Analysts Speculate)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Is Ripple (XRP) Gearing up for a New ATH Before Christmas? (Analysts Speculate)

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