XRP’s November surge of 300% mirrors 2017’s market cycle, setting the stage for potential gains.
A projected 830% increase in December could push XRP to $18, but volatility remains a risk.
Historical patterns suggest January could deliver a 700% surge, potentially propelling XRP to $150.
The cryptocurrency market is no stranger to ambitious projections, and XRP has recently emerged as the subject of one such forecast. Speaking of the cryptocurrency market, the latter is very familiar with big expectations and XRP is no exception to this rule. There are predictions that XRP will be having a value of $18 by December, the next year and $150 in January of the third year. Of course, such targets may appear ambitious, but historical trends and the more recent dynamics of the markets offer a basis for such estimations.
November’s Momentum: A Precursor to Growth?
XRP’s performance in November has set the stage for these bold predictions. A significant price surge of approximately 300% aligns with similar movements observed during the 2017 bull run, where November saw a 328% gain. Such statements are possible due to such statistics XRP showed in November of the current year.
https://twitter.com/egragcrypto/status/1863161602469511498
This performance has been compared with the other market cycles where if the similar circumstances prevail then the XRP prices could go up. Before the end of the year 2024, XRP is expected to reach $18, a potential rise of 830% during the month. The historical analysis shown below illustrates that XRP ranged similarly to what has been observed in 2017 with sharp jumps that were marked with significant intraday drawdowns.
January’s Historical Surge with Caution Amid Optimism
The forecast of XRP to hit $150 by end of January 2025 is based on the previous increase where by the same period in 2017 this token had risen by more than 700%. Analysts explain that this phase of the bull market is characterized by higher investors’ activity and the market is likely to gain higher speed and this is unbeneficial for XRP.
However, it is essential for the audience to know that such projections may be accompanied by the slightest promises by market gurus. Currently, the market of cryptocurrencies remains rather unstable and depends on various factors, including legal activity, mood on the bin, and the state of the financial sector.
The post December’s Volatility: Can XRP Withstand a 60% Drop and Still Hit $18? appeared first on Crypto News Land.
