bullish

Solana

Higher

<p>Since the U.S. election, Ripple's XRP has been riding a strong bullish wave, briefly reaching nearly $3 earlier this month. <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">Currently trading at $2.51</a>, XRP has risen 4.52% following the announcement of <a href="https://coinpedia.org/news/ripples-rlusd-launch-date-and-time-revealed-what-to-expect-today/" target="_blank" rel="noreferrer noopener">Ripple’s RLUSD stablecoin launch</a>. Analysts believe XRP could reach $3.55 if the SEC resolves its ongoing appeal and clears the token of regulatory issues. </p>   
<p>This price target assumes that once XRP's legal challenges are behind it, the token could experience a major rally.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-and-solana-left-behind">Bitcoin and Solana Left Behind</h2>   
<p>While Bitcoin has gained 46% since the election and the broader crypto market has seen a 93% rise, XRP has outperformed expectations. The token has even surpassed Solana and Tether, becoming one of the biggest winners of the Trump-led crypto rally. According to CNBC, XRP has surged 370% since the election. </p>   
<p>This impressive growth is pushing XRP closer to some of the bigger assets in the market.</p>   
<h2 class="wp-block-heading" id="h-donalt-predicts-xrp-could-double-again"><strong>DonAlt Predicts XRP Could Double Again</strong></h2>   
<p>Popular cryptocurrency trader DonAlt, who accurately predicted XRP’s November rally, believes the token could double again if it breaks out of its current trading range. Since early December, XRP has been stuck between support and resistance levels of $2.20 and $2.60, struggling to push past $3. </p>   
<p>However, DonAlt suggests that if XRP manages to break through the $2.60 resistance level, it could trigger a fresh wave of bullish momentum, sending the price even higher.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/CryptoDonAlt/status/1868695250753200383 
 </div>
</figure>   
<p class="has-background" style="background-color:#e9f0ff"><strong>XRP price is skyrocketing—don’t miss out! Read <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price prediction</a> to see where this explosive growth is headed next!</strong></p>   
<h2 class="wp-block-heading" id="h-xrp-technical-analysis"><strong>XRP Technical Analysis</strong></h2>   
<p>EGRAG <a href="https://x.com/egragcrypto/status/1868760664896159890" target="_blank" rel="noreferrer noopener nofollow">points </a>out the technical factors of XRP breakout wherein historical market cycles and <a href="https://coinpedia.org/traders/what-is-fibonacci-extension/" target="_blank" rel="noreferrer noopener">Fibonacci</a> analysis predicts that XRP’s market dominance could increase to 5.9% or even 6%. If this happens, <a href="https://coinpedia.org/news/xrp-price-prediction-for-december-17/" target="_blank" rel="noreferrer noopener">XRP’s price could see explosive gains</a>.</p>   
<p>EGRAG has even suggested that if Ripple achieves its $5 trillion market cap forecast, XRP could reach prices between $8.77 and $17.54, depending on how much of the <a href="https://coinpedia.org/news/crypto-news-today-dec-17th-2024-bitcoin-hits-fresh-ath-of-107k-bgb-price-surges-14-29/" target="_blank" rel="noreferrer noopener">global crypto market</a> it captures. Currently, XRP’s market dominance has risen to 2.09%, marking a significant rebound after its recent surge above $1.</p>   
<p>XRP is now just 27.3% away from its all-time high, which was recorded seven years ago, and the excitement surrounding XRP’s future is only growing. With RLUSD in the pipeline and <a href="https://coinpedia.org/news/ripple-ipo-on-the-horizon-sbi-ceo-urges-action-as-xrp-lawsuit-heats-up/" target="_blank" rel="noreferrer noopener">IPO coming up next</a> the path for XRP is bullish and investors are rooting for a positive end to <a href="https://coinpedia.org/news/ripple-vs-sec-key-deadlines-loom-as-legal-battle-reheats/" target="_blank" rel="noreferrer noopener">Ripple vs SEC</a> which blocked XRP's growth for a decade.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<p><strong>The end of Ripple’s legal battles could mark the beginning of a new chapter for XRP, one filled with explosive potential.</strong></p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1734418902787">
  <strong class="schema-faq-question">Why is XRP Surging</strong> 
  <p class="schema-faq-answer">Ripple's RLUSD stablecoin launch boosted investor confidence, driving XRP up 4.52% and adding momentum to its bullish outlook.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734418917074">
  <strong class="schema-faq-question">How close is XRP to its all-time high</strong> 
  <p class="schema-faq-answer">XRP is currently 27.3% away from its all-time high, recorded seven years ago, with renewed bullish sentiment boosting its prospects.</p> 
 </div> 
</div>

XRP Price to Hit New ATH? Traders Eye $3.55 Post SEC Verdict

Table of Contents

CoinPedia News

Other articles published on Dec 17, 2024

Circle and Binance Form Strategic Partnership to Drive Global Adoption of USDC

Bitcoin Returns Hit 26,931%—Far Exceeding Stocks and Gold

Discover the Future of Trading with FATTY and Its FatBot, a Tool Poised for the Top 5 in the Market

Ripple RLUSD Launch Ignites XRP Surge-What Next For Ripple $XRP?

“Hawk Tuah” Girl’s $HAWK Memecoin Faces Backlash After Allegations of Insider Trading and Sniping

Trump’s World Liberty Invests $250K in ONDO Tokens, RWA Focus Grows

Join our free newsletter for daily crypto updates!