With Bitcoin recently regaining new high prices, the altcoin market is responding remarkably to this new bullish run. Bitcoin is currently at $106,000, opening a new high for the altcoin market to rely on. In this context, the price of Ripple (XRP) has skyrocketed, jumping onto the radar. Let's explore how high XRP could rise in the next five days.
Ripple Price Trajectory: What is Happening
XRP is currently one of the most promising cryptocurrencies available in the market. This token is attracting significant attention and hype mainly due to its RLUSD launch, along with the hype surrounding the upcoming approval of the XRP ETF. Additionally, Ripple's coin is also a focal cryptocurrency for several crypto analysts, who spare no effort in predicting the next prosperous price point for XRP.
According to Egrag Crypto, a well-known crypto analyst, Ripple's coin is currently heading towards a new price of $2.90. In one of his recent posts, the analyst shared how XRP is following a green path, including trading the token in a range from $2.27 to $2.50, after which it is likely to 'break out in an upward direction.'
Token Price: Five Days from Now
According to CoinCodex, Ripple's coin could soar and reach a new price of $2.62 by December 21, 2024.
"According to our current XRP price prediction, the price of XRP is expected to increase by 7.48% and reach $2.62 by December 21, 2024. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 80 (Extreme Greed). XRP has recorded 17/30 (57%) green days with a price volatility of 29.92% over the last 30 days. Based on the forecast for XRP, now is a good time to buy Ripple."
