XRP has been steadily climbing, currently trading at $2.51. The popular altcoin has gained a solid 4.21% since December 15, showcasing encouraging momentum. Amidst this rise, crypto market educator CryptoInsightUK has stirred excitement with a bold forecast, suggesting that XRP could hit $5 by Christmas through feedback gathered from a community poll on the X platform.
Poll Results: XRP’s Optimistic Outlook
CryptoInsightUK engaged with the XRP community, asking for their predictions on XRP’s price by December 25. Among the 2,033 respondents, a clear optimism emerged:
- 36% believe XRP will be in the $2 to $3.30 range.
- 30% foresee it climbing between $3.30 and $5.
- 26% expect XRP to surpass $5.
- A mere 8% expressed pessimism, predicting a drop below $2.
This predominantly bullish sentiment indicates a strengthening confidence that XRP will not only hold above $2 but could also experience notable gains.
Expert Predictions: Eyes on $5 by Christmas
Building on the poll, CryptoInsightUK shared his personal insight, claiming he believes XRP could achieve a new all-time high (ATH) of $5 before welcoming the New Year. Furthermore, he anticipates XRP will keep climbing into early 2025, possibly exceeding $5 and aiming for double digits by March 2025.
Analyst BobbyA echoes this optimism, suggesting XRP could hit a price range of $4.5 to $5.25 by Christmas. Although he predicts a possible selloff after this peak, he remains confident that XRP will rebound to the $8 to $13 range in early 2025 and might even soar towards the $20s shortly after.
Controversy Over XRP’s Christmas Price Target
CryptoInsightUK had previously speculated on the potential for XRP to reach $8 by Christmas. However, he later refined his outlook, establishing $5 as a more realistic expectation while still considering $8 for the long haul.
Other analysts like Vincent Van Code share a similar expectation, predicting XRP might touch $5, although they believe this milestone may not occur until February 2025. Nevertheless, the consensus among experts is that XRP has substantial bullish potential on the horizon.
XRP’s Current Performance and Path to $5
Currently trading at $2.51, XRP’s recent performance shows a 4.75% increase in the last 24 hours. For XRP to reach the $5 target by Christmas, it would require a remarkable 99% surge. While this is undoubtedly ambitious, recent market trends indicate it is within the realm of possibility.
For context, on Christmas last year, XRP was priced at just $0.60. This remarkable evolution emphasizes the altcoin’s significant growth over the last year, spurred by market optimism and rising confidence in XRP’s capacity to overcome resistance levels.
Conclusion: Is $5 on the Horizon for XRP by Christmas?
With notable bullish momentum and analysts projecting considerable price growth, the prospect of XRP hitting $5 by Christmas looks achievable. While some experts adopt a more cautious stance, eyeing the $4.5 to $5 range, others aim higher. As the year nears its end, it remains to be seen if XRP can maintain its current trajectory and fulfill these optimistic price targets.
The XRP community is buzzing with positivity, and if this trend continues, the end of 2024 could mark a significant milestone for the cryptocurrency. Nevertheless, investors are advised to remain alert to any developments that could influence the market as we approach this pivotal moment. More content in ZCrypto.