Ripple analysts are bursting with enthusiasm for the XRP price in December. It is trading at 16% of its record-high price but charting a bullish falling wedge pattern.
The Ripple Labs token for fast cross-border settlement among financial institutions is a top 10 cryptocurrency by market capitalization.
It was a top-five crypto until DeFi network Solana�s tokens (SOL) flipped XRP to this month. But Ripple may be showing signs of life again.
Bullish Ripple Technical Indicator
The XRP price chart shows markets tracing a bullish falling wedge reversal pattern over the 20-day view since Dec. 8 (when XRP traded for $0.67), the 50-day view since Nov. 6 (when XRP traded for $0.71), and over the 28-week view since July 13 (when XRP traded for $0.81), according to CoinGecko data.
Moving at an average of $0.62 on Wednesday, Dec. 27, Ripple was trading at 16% of its all-time high price of $3.84, according to Coinbase data. A return to the previous record-high price for XRP tokens would be a 525% increase over the average Dec. 27 exchange rate.
5 Interesting XRP Price Predictions
Here are five of December�s most insane 2024 XRP price predictions:
1. Changelly�s price prediction tables target an average trading price for Ripple of $0.81 in 2024. That�s based on technical analysis by the Prague-based cryptocurrency exchange.
2. On Christmas Eve, Egrag Crypto, a popular Ripple analyst on X (formerly Twitter), forecasted $1.20 per 1 XRP within the next 55 days. In addition to the bullish price target, Egrag noted that this crypto often �crawls like a snail� with sudden price spikes.
#XRP Targeting 
$1.2 in a Maximum of 55 Days! 
:
If the blue fractal unfolds, it�ll signal an impending, rapid short-term surge on the horizon! 
While 90% may feeling frustrated from #XRP�s current state, imagine the potential if it dips to 0.55-0.50c. Paper hands might� pic.twitter.com/RB5RJMrCoF
� EGRAG CRYPTO (@egragcrypto) December 24, 2023
3. Meanwhile, a Ripple analyst going by the moniker Dark Defender predicted a surge to $1.88 preceding a breakout to an ATH above $5 per 1 XRP by Q2 2024.
�I don�t listen to the FUD,� the analyst wrote.
4. An XRP trader going by the screen name James Crypto, employing Elliott Wave theory, predicted on Thursday, Dec. 21, a $5 � 13 per 1 XRP price by March � April 2024, around the time of Bitcoin�s halving.
5. Without giving a specific timeline, crypto price predictions, and blockchain trends YouTube presenter JWK recently made the insanely bullish price prediction of $352 for XRP.
Meanwhile, if you�re curious to find out about other price outlooks on XRP for 2024, feel free to take a look at our video here:
The post Five Very Interesting Ripple (XRP) Price Predictions for 2024 appeared first on CryptoPotato.
