XRP Forecast for December 2024
To understand what awaits XRP in December, we consulted Ryan Lee, the chief analyst at Bitget Research. Our interlocutor expects wide fluctuations in the cryptocurrency's price by the end of the year. Against the backdrop of rising volatility, he believes XRP could reach $2.57.
Let us remind you that due to regulatory pressure, the cryptocurrency Ripple became one of the few that failed to update its all-time high during the bull run of 2021. The peak value of XRP was recorded in January 2018 at a height of $3.84. A reduction in regulatory pressure may open the cryptocurrency's path to unleashing its accumulated growth potential. Ryan Lee draws attention to the statistics. XRP, according to his observations, has previously shown significant growth approximately 228 days after Bitcoin's halving. We remind you that the decrease in BTC mining speed was recorded on April 20, 2024. It has already been 223 days since the halving. If history repeats itself, our interlocutor points out, December could be a successful month for XRP.
