$XRP
🔥🔥 XRP Price Prediction: Top 4 Altcoins Ready for December Rally: 😮😮😮
🔍Bitcoin's dominance over the crypto market has hit a critical juncture, falling to 56%, a two-year low. That shift signals the arrival of "altseason," where smaller cryptocurrencies often rally as investors pivot from Bitcoin to altcoins. Here are the Top 4 ‘alts’ for December - with XRP leading the field.
Analyst Mikybull Crypto pointed out in a Nov. 30 X post that this change in Bitcoin dominance could lead to a significant upswing for altcoins in December.
🔍The period, known as altseason, typically happens when Bitcoin’s dominance over the crypto market wanes. A declining Bitcoin dominance indicates that investors are moving their funds from Bitcoin into alternative digital assets, potentially driving up their prices.
🔍Ripple (XRP) Surges 284% in November – Still Eyeing $2.57 Mark
The XRP news has been all good recently. On Dec. 1, Ripple unlocked 1 billion XRP tokens, valued at $1.92 billion. This routine release aims to ensure a predictable supply of XRP, aligning with its long-term escrow plan to release 55 billion tokens—about 55% of the total supply.
XRP Price Prediction
“XRP could reach $2.57 in [December 2024] […], which has historically shown significant growth […] in 228 days after Bitcoin halving,” said Ryan Lee, chief analyst at Bitget Research.
Adding to the bullish sentiment, data from XRPScan revealed a 10x increase in XRP wallet activations over the last three months, reflecting growing investor interest. The XRP rally is potentially driven by the ETF buzz and expectations of a favorable regulatory environment, especially after SEC Chair Gary Gensler announced his departure.
