XRP price forecast: could rally to - XRP price forecast: could rally to $27 7 XRP price forecast: could rally to $27
According to EGRAG's #Bifrost Bridge analysis, #XRP could reach $6 by December 2024 and $27 by January 2025.
XRP whale has accumulated 100 million coins, which raises expectations of growth to $5 or more.
The NYDFS-approved launch of #Ripple stablecoin RLUSD could inject liquidity into the XRP ecosystem.
According to EGRAG's Bifrost Bridge analysis, XRP Ripple could reach $6 by the end of December 2024 and $27 by January 2025. This forecast is based on Fibonacci retracement levels and historical price behavior similar to what was seen in 2017 for XRP.
XRP #rose 26% in December and 283% in November. According to EGRAG's analysis, the next key area is between $4.3 and $BTC analysis also suggests that XRP could rise 1,330% in January 2025 and trade between $13.7 and $BTC In addition, a major XRP investor (whale) recently purchased 100 million XRP tokens. This was also done by a company called Whale. This is another positive sign for future price growth.
whale activity is considered a sign of market sentiment, especially if it coincides with technical analysis.
these acquisitions mean that demand for XRP is increasing, which strengthens the bullish outlook for the price.
Furthermore, the launch of RLUSD stablecoin by Ripple Labs, which has been authorized by the New York Department of Financial Services (NYDFS), could significantly increase the liquidity of XRP.
Thus, this development will expand the XRP environment and make it cross-border. This will prepare it for use in cross-border trading.
RLUSD stablcoin will help facilitate transactions, which is an important aspect of XRP usage in general.
According to analysts
, increased liquidity could lead to the expected milestone of a price increase by the end of the year. Ripple's (XRP) performance in the last market cycle of 2017 seems to support this view.
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