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Recent price action in the overall crypto market has seen the XRP price reversing into bullish momentum in the past 24 hours. Notably, buying trends and mentions on social media show that the bullish sentiment has never departed from XRP, even during its price rejection at the $2.9 level earlier this month.
Interestingly, crypto analyst Cryptoinsightuk recently revealed a timeline for bullish XRP price levels, with the first being a $5 target in the next two weeks or so.
XRP Price To Reach $5 In January, $10 To Follow Shortly After
Sharing his thoughts on the social media platform X, Cryptoinsightsuk stated that XRP could hit $5 between now and the end of 2024 and reach double digits between January and March 2025. With December already in the middle of the month, what this means is that the analyst is predicting a remarkable XRP surge that would send it surging into new price territories in the next two to three weeks.
At the time of writing, XRP is trading at around $2.5, meaning it has to double in value and increase by 100% for this prediction to come to fruition. Interestingly, this projected 100% increase is small compared to what the XRP price has done in the past two months. A prime example of this is the November surge, which saw the XRP price surging by over 285% to end the month at $1.93. However, it is important to keep in mind that the amount of inflow needed for a run to $5 at the current price would make the projected 100% increase more significant.
Reaching the $5 price level would translate into new all-time highs for the XRP price, as its current all-time high is $3.4. However, Cryptoinsightuk’s bullish prediction doesn’t stop at $5 by year-end. The analyst outlined his expectation that the XRP price could cross into double-digit territory between January and March next year. This would see XRP price trading above $10, which would mark a substantial milestone for the cryptocurrency.
Poll Results Show Strong Bullish Sentiment For XRP
Cryptoinsightuk’s prediction followed a recent poll he conducted, where he asked followers to vote on their expectations for XRP’s price on Christmas day. The poll provided four price ranges: less than $2, between $2 and $3.30, between $3.30 and $5, and greater than $5. The outcome revealed a close contest among higher price ranges, but the results ultimately demonstrated the community’s bullish outlook for XRP.
The bearish camp, which predicted XRP under $2, accounted for only 8.3% of the votes. Meanwhile, a significant portion of respondents shared a more optimistic stance. About 35.9% of participants placed their bets on XRP trading between $2 and $3.30, while 30.2% expected a range of $3.30 to $5. Notably, 25.6% of voters believed XRP could surpass the $5 mark, reflecting strong confidence in a substantial rally.
Although the $2 and $3.30 range had the highest votes, the results make it clear that most crypto participants see significant upward momentum for XRP in the near future.
At the time of writing, XRP is trading at $2.42 and is up by 4.4% and 14.5% in the past 24 hours and seven days, respectively.
Featured image created with Dall.E, chart from Tradingview.com
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