The current cryptocurrency market momentum has propelled XRP to a price of $2. Positive price momentum has opened up a positive wave in the market, with some analysts assessing how Ripple could achieve a higher price in the short term.

Will XRP reach $18? Experts say it might.

The current bullish market wave is driving XRP to reach new highs. The token has finally achieved the coveted price of $2, attracting a large number of new investors exploring this token to its fullest. According to Egrag Crypto, a notable cryptocurrency analyst, XRP has yet to fully showcase its price potential.

In a comprehensive post updated on X, Egrag Crypto outlined how XRP could easily reach the $18 mark, now that this token has started to create its own price trajectory. He pointed out how the XRP price chart shows certain candles or increases indicating a surge for this token to continue advancing. For example, the analyst noted how the December candle on the XRP price chart signals a 830% increase, which could push the price of XRP to $18.

“#XRP: $18 in December 2024, $150 in January 2025? 🧐 Hold tight and don’t shoot the messenger! 🎯 During this crucial phase of the #BullRun, I will be careful when predicting high price targets. My goal is to balance realistic expectations while not letting you miss a once-in-a-lifetime opportunity. This is not financial advice—just my analysis shared freely to help you navigate. How could XRP reach $18 and $150 in two months?”

A) The "Moonvember" candle of November: The 300% increase is closely linked to the 328% increase of 2017. (Golden candle)

B) The December candle: If we see an 830% increase, XRP could soar to $18. But remember, in 2017, this candle dropped 60% at the wick—can you withstand that volatility?”

Similarly, Egrag Crypto also shared a notable new analysis, claiming that if everything goes smoothly, this token could also reach the coveted price of $150 by January 2025.

XRP price forecast for December

Amid such positive price predictions, technical portals are also providing an updated price analysis for Ripple. According to CoinCodex, XRP could see a significant decline of 33% by the end of December to stabilize around the price of $1.56.

“According to our current Ripple price prediction, the Ripple price is expected to decrease by -33.24% and reach $1.561629 by January 1, 2025. According to our technical indicators, the current sentiment is optimistic while the Fear & Greed Index is displaying 81 (extreme greed). XRP recorded 19/30 (63%) green days with a price volatility of 43.91% over the past 30 days. Based on the XRP forecast, now is a good time to buy XRP.”