Ethereum

Rally

2024

TL:DR; 
<ul> 
 <li>Ripple’s native token is poised to retrace in the short term, but that could be just the start of another rally that will push it to a new all-time high, said a popular analyst.</li> 
 <li>XRP has cooled off after the recent gains and is actually 10% down on the week.</li> 
</ul> 
<a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRP_CB-51.jpg" data-wpel-link="internal"></a> 
XRP took off a little late after Trump’s decisive win in the US presidential elections, but once it did, it stole the show completely. At one point, its gains had gone above 420% on a monthly scale as the asset climbed to a multi-year peak of almost $3. 
As the community was praising and celebrating the move in anticipation of a new all-time high ($3.4, according to CoinGecko), XRP’s momentum vanished, and it started to lose value gradually. As mentioned above, the token now stands at an 11% weekly decline, and its price struggles to reclaim $2.4. 
Consequently, it <a href="https://cryptopotato.com/ripple-xrp-breaks-into-top-3-cryptos-after-overtaking-tether-usdt-and-solana-sol/" data-wpel-link="internal">lost its third spot</a> in terms of market cap to Tether. Moreover, popular analyst Ali expects a further decline in the short term. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$XRP</a>: 3 consecutive bull pennants! We should all be praying for a retest of $2.25 to buy the dip and target $4.40! <a href="https://t.co/KgXnM929yk" data-wpel-link="external" target="_blank">pic.twitter.com/KgXnM929yk</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1866059088272007457?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">December 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
However, the strategist remains highly bullish on XRP’s long-term potential as he believes it will bounce off the $2.25 support and skyrocket to a new all-time high of $4.4. This would put its market cap at over $250 billion. 
As <a href="https://cryptopotato.com/top-ripple-xrp-price-predictions/" data-wpel-link="internal">reported</a> earlier, Ali also put even more optimistic targets for XRP in the future, including a ‘conservative’ one of $8.4 and a highly outrageous one of $48.12. 
With such quite optimistic predictions for XRP’s price during this cycle, one can’t help but <a href="https://cryptopotato.com/we-asked-chatgpt-if-ripple-xrp-can-surpass-ethereum-eth-this-cycle/" data-wpel-link="internal">wonder</a> whether Ripple’s native token has the legs to surpass Ethereum (ETH) in terms of market cap. 
The post <a href="https://cryptopotato.com/short-term-pain-but-long-term-rally-for-ripple-xrp-analyst/" rel="nofollow">Short-Term Pain but Long-Term Rally for Ripple (XRP): Analyst</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Short-Term Pain but Long-Term Rally for Ripple (XRP): Analyst

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