Ripple (XRP) is one of the leading cryptocurrencies, charting its way into the vast pool of tokens. What makes the token special is its sheer electrifying project pathways and intent fueling XRP’s narrative to gain institutional spotlight and interest. As the year’s end approaches, a new horizon for the XRP knocks on the door with the change in the US oil and gas regime, favoring time the most. Will XRP end the year on a positive note? Let’s find out.
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Ripple Ecosystem Broadens; New Projects Await
The Ripple ecosystem is currently brewing with new collaborations and partnerships. The token is primed to scale new highs as the US political domain undergoes one of the most historic transformational processes that it has ever experienced. The domain is subjected to a catalytic change, with Trump ascending to the White House with a pro-crypto stance, which is indicative of a bullish period for the crypto domain in general.
For Ripple, the fact that the new SEC chair, Paul Atkins, is all set to commence his new role as the US SEC chair speaks volumes in itself. Speculation about the Ripple XRP legal spat ending after years is also gaining steam, fueling the XRP token drive up a notch.
XRP is also a leading token captivating the attention of crypto whales. Per Ali Martinez, crypto whales have scooped up nearly $100 million in XRPs, indicative of high interest in the token’s future spikes and capabilities.
The expert was quick to add how XRP is targeting high price marks of $3 and $4, which it can easily achieve if the current momentum allows the token to surge at its own pace.
“To some, $XRP looks overbought! To me, it looks undervalued after breaking out of this massive multi-year symmetrical triangle. 🟡Conservative target = $8.40. 🟢Optimistic target = $48.12.”
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What Does AI Think About The Token: Can It Claim A New High Before 2024 Ends?
Per ChatGPT, XRP can surge to hit a high price point of $4.50 before the year ends. The portal predicts how improved regulatory clarity and XRP ETF approval buzz may help the token claim a stable price spot of $4.
However, per CoinCodex, the token may note a significant drop of 14% to hit a new low of $2.03 by the end of December or early January.
“According to our current XRP price prediction, the price of XRP is predicted to drop by -14.33% and reach $ 2.03 by January 11, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 74 (greed). XRP recorded 18/30 (60%) green days with 38.37% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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