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TL;DR
<ul>
 <li> Analysts forecast a potential rally for XRP, with price targets ranging from $2.72 to $8.76.</li>
 <li>Conversely, key metrics, including active accounts and transactions, have declined, signaling reduced network activity and potential demand, which could hinder XRP’s upward momentum.</li>
</ul>
<h2 id="span-data-preserver-spaces-true-a-href-https-cryptopotato-com-wp-content-uploads-2024-12-xrp_cb-71-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRP_CB-71.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></h2>
<h2 id="where-is-xrp-headed-next">Where Is XRP Headed Next?</h2>
The cryptocurrency market has been booming in the past month, with Ripple’s XRP among the top performers. Its price exploded by approximately 120% for that period, briefly becoming the third-biggest digital asset.&nbsp;
<figure id="attachment_374813" aria-describedby="caption-attachment-374813" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-Price-4.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-374813" src="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-Price-4.png" alt="XRP Price" width="578" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-Price-4.png 838w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-Price-4-300x208.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-Price-4-768x532.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-Price-4-50x35.png 50w" sizes="(max-width: 578px) 100vw, 578px"></a>
 <figcaption id="caption-attachment-374813" class="wp-caption-text">
 XRP Price, Source: CoinGecko
 </figcaption>
</figure>
In the past few weeks, though, XRP experienced severe volatility, with its valuation <a href="https://cryptopotato.com/why-is-ripples-xrp-price-down-by-17-today/" data-wpel-link="internal" rel="noopener noreferrer nofollow">plunging</a> below $2 and later spiking above $2.50. Currently, it is worth around $2.36, which represents a 2.5% decline on a 24-hour scale.
Numerous market observers think XRP could be poised for another major rally soon. The X user JAVON MARKS <a class="editor-rtfLink" href="https://x.com/JavonTM1/status/1868339296693784757" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">predicted</a> a potential price explosion based on the asset’s performance on a 4-hour scale.&nbsp;
Dark Defender <a class="editor-rtfLink" href="https://x.com/DefendDark/status/1868363645778071843" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">chipped in</a> on December 15, analyzing the same time frame. The strategist highlighted the price push above $2.50, maintaining that the asset might be headed to $2.72. Additionally, Dark Defender set $5.85 and $8.76 as short-term targets, outlining $2.29, $2.24, $2.10, and $2.02 as major support zones.&nbsp;
X user Bark made a bullish forecast, too, <a class="editor-rtfLink" href="https://x.com/barkmeta/status/1868371300311515264" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">seeing</a> XRP jumping to a new all-time high of $5. Such a spike would require the token’s market cap to cross $265 billion. A few months ago, an increase of that type seemed unlikely given the fact that XRP was worth less than $0.60, while its capitalization stood at around $30 billion. However, things look quite different now, and we have yet to see whether the bull run will continue in the near future.
<h2 id="span-data-preserver-spaces-true-xrp-metrics-on-a-downfall-span">XRP Metrics on a Downfall</h2>
Despite the optimistic predictions, some important indicators suggest that the bulls may take a blow soon. The latest data <a class="editor-rtfLink" href="https://xrpscan.com/metrics" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">shows</a> that the number of XRP payments from one account to another, active accounts, executed XRP transactions, and newly activated accounts have sharply declined in the past 24 hours.&nbsp;
Fewer users joining the ecosystem can lead to reduced buying pressure, potentially lowering the demand for the asset and negatively affecting its price. Additionally, a decrease in executed transactions indicates lower utility for XRP. This reduction in activity might discourage speculative investors, further weakening demand.&nbsp;
The post <a href="https://cryptopotato.com/top-ripple-xrp-price-predictions-as-of-late-5/" rel="noopener noreferrer nofollow">Top Ripple (XRP) Price Predictions as of Late</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Top Ripple (XRP) Price Predictions as of Late

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