Volatility is nothing new to the cryptocurrency market, and savvy investors see this as an opportunity to thrive in the growth cycle. Ripple’s flagship token, XRP, has been in the limelight after a recent price dip, while meme coin sensation PEPE continues to garner attention from community-driven interest.
Ripple: Is A Swift Recovery For XRP on the Horizon?
One of the biggest gainers this cycle, Ripple’s XRP, experienced a major dump recently. Known for its cross border payment protocol, Ripple was in a deadlock with the US SEC for nearly 4 years. After the recent US election, the current chairman of the SEC Gary Gensler announced that he will resign in January 2025. This led to XRP’s price nearly rising 500%, making Ripple the number 3 crypto by market cap.
Following a dip on December 18th, 2024, Ripple’s (XRP) was traded at around $2.30. However, industry veterans believe it will make a comeback, claiming that XRP could gain traction through regulatory clarity. With Ripple’s ongoing legal battle with the SEC, one prominent crypto millionaire says that the sooner it ends, the higher pump XRP will experience. All of this echoes forecasts which are saying that XRP should be able to regain its $3.70 resistance level by the end of the month.
PEPE: Viral Potential Fuels Community Optimism
Despite recent price volatility, the meme coin inspired by a frog continues making news. PEPE has further strengthened its position in the crypto market as of late. While the token still has a long way to go, reaching a $10 billion market cap is certainly a huge milestone — proving the growing popularity of the token with investors. Moreover, PEPE has been listed on major cryptocurrency exchanges such as Coinbase and Robinhood, providing greater accessibility and liquidity. Increased trading volumes and increased interest from investors in these listings indicate a bright future for PEPE’s market performance in the next few months.
However, PEPE has recently suffered from a slight setback. At $0.000019, the token has dipped over 15% in the last 24 hours, but its community-driven dynamics are likely to result in a rebound. Analysts believe PEPE will experience a resurgence, driven by its viral appeal and meme-friendly culture, and expect the coin to reach a peak of $0.000046 by the middle of January 2025.
