XRP is currently one of the most promising coins in the crypto space. Ripple has already launched its much-awaited RLUSD stablecoin, which is set to add another credible push to the token’s brewing popularity. Will XRP be able to mark a new price trajectory this weekend? Let’s find out.
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XRP Price Update: The Token Eyes $3
Ripple (XRP) is currently at the center of all leading developments. The firm has recently unveiled RLUSD, its stablecoin that is set to usher in a new era for the token in its entirety. In addition to this, January 2025 could be a monumental month for XRP as the US political administration undergoes a deep overhaul, with Paul Atkins ascending to the new role of the US SEC chair. With speculation of the XRP-SEC legal spat ending for good, the token is currently busy establishing a robust price outlook in the near future.
According to Egrag Crypto, a notable crypto analyst, XRP is currently forming a bullish triangle, which is a “pattern known for the breaking as the upside,” as the analyst later pointed out.
The expert shared how XRP is building momentum, which can soon materialize as a potential breakout, helping the token hit $3 around Christmas 2024.
“3-Day Time Frame Analysis (3/7). Christmas Gift 🎁Incoming for the #XRPFamily, and it’s called #ATH (All-Time High)! 🚀. #XRP is currently forming a bullish ascending triangle 📐, a pattern known for breaking to the upside 🔝. While it might hover around for a few more days, the APEX is shaping up between December 25th and 28th, setting the stage for a potential breakout. 💥 Measured Move Target: $3.288 🎯. #XRPFamily GET READY; this could be the ultimate holiday surprise! 🎉💎”
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The Token’s Weekend Price Story
As per CoinCodex, XRP could hover at $2.26 by December 22, 2024.
By the end of December or early January, the token could further plummet, dropping to sit at $1.85.
“According to our current XRP price prediction, the price of XRP may drop by -20.47% and reach $ 1.852995 by January 18, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 81 (extreme greed). XRP recorded 17/30 (57%) green days with 25.86% 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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