As Bitcoin and other digital currencies attract attention with notable surges, Ripple’s native token, XRP, has been quietly making progress in the market. Despite not experiencing as dramatic a surge as some of its counterparts, XRP has witnessed an 88% increase in value since the start of the year, currently trading at approximately $0.64. Analysts now suggest that XRP might be gearing up for a substantial rally, with predictions indicating the possibility of a new all-time high.Current Market PerformancePresently valued at $0.64, XRP has demonstrated a commendable 88% surge since the beginning of the year. Although its performance may not be as attention-grabbing as that of Bitcoin and other major cryptocurrencies, the altcoin’s consistent upward trajectory has not escaped the notice of market observers.Insights from Analysts and Positive PredictionsSeveral analysts express optimism regarding XRP’s potential for significant growth in the near term. Fiery Trading, in particular, anticipates a bullish trend and a potential substantial price surge. The analyst asserted that the asset could reach $25 by the end of the next year. The predicted breakout is expected in 2024, primarily influenced by the upcoming halving event.Ripple XRP Aiming for $2: Timing for InvestorsWhile some analysts forecast a more aggressive rally for XRP, others take a more cautious stance. According to DigitalCoinPrice, their prediction model suggests that Ripple’s XRP is expected to reach $2 by 2025. The subsequent year may see the altcoin maintaining around this price level. However, in 2025, the altcoin is projected to achieve an average price of $2.19, with the possibility of reaching a high of $2.33.Influential Factors Shaping XRP’s Future PerformanceSeveral factors contribute to the anticipated trajectory of XRP’s future price movements. The coin’s utility in facilitating cross-border payments and its practical applications within the financial industry is likely to play a pivotal role in driving demand. Additionally, shifts in regulatory environments and broader trends in the cryptocurrency market can significantly impact investor sentiment toward the altcoin.As the asset solidifies its standing in the cryptocurrency market, investors and enthusiasts closely monitor its growth potential. While some analysts foresee a substantial Ripple XRP rally targeting $25, others adopt a more measured outlook, envisioning a gradual ascent toward the $2 mark by 2025. The evolving dynamics of the crypto space, regulatory developments, and XRP’s intrinsic utility are expected to collectively influence its trajectory. Investors are advised to remain vigilant. This is considering multiple factors when assessing the potential risks and rewards associated with XRP in the years to come.#XRPPriceTarget #XRPInvestment

The entire digital asset market has not gotten off on the strongest foot thus far in 2024. Subsequently, Ripple has seen its value increasingly volatile, with most recent figures showing that XRP whales hold more than 67% of the overall supply. Moreover, that is the first time such a thing has happened since 2022.On-chain analyst firm Santiment reported the rater interesting figures in a string of posts to X (formerly Twitter). Additionally, the firm reported a remarkable 217 whale transactions took place earlier this week. Specifically, this marked the most transactions worth $1 million or more since July of 2022 as well.XRP Whales Dominate Supply, Could it INdicate an Incoming Price Surge?Thus far in 2024, the entire digital asset market has struggled. Despite a plethora of optimism at the tail end of last year, and landmark events to kick off the new year, the market has not responded as many have hoped. Indeed, Ripple was one asset that has certainly not lived up to expectations.Following the reports of a hack on the firm’s co-founder, the asset fell more than 5% in price. Currently, the asset is fighting off further drops in value at a key level. Specifically, it is trading at $0.50, and falling more than 1.6% over the last 24 hours according to CoinMarketCap.However, an interesting aspect of the overall price of the asset is the exposure of the supply. According to on-chain analysis firm Santiment, Ripple XRP Whales hold 67% of the total supply, the most since 2022.Specifically, that concentration of whales is the highest since December, which the firm notes makes it “one of the better candidates for a bounce,” depending on Bitcoin’s stabilization. Altogether, Ripple has long been a candidate for a stark reversal once the bottom is hit. Yet, many have wondered when that reversal could take place.The Ripple co-founder’s hack certainly did nothing to help secure its confidence among investors. Yet, the overwhelming commitment from large value holers should indicate that very confidence. Still, the price will only turn when buying pressure increases. Subsequently, only time will tell when that will take place.#Write2Earn #XRPInvestment

Recently, Martin Hiesboeck, the Head of Research at the U.S.-based exchange Uphold, highlighted that XRP appears poised to ascend to a fresh trading price range.
Read more on: https://thecryptobasic.com/2023/12/09/uphold-head-of-research-says-xrp-looking-desperate-to-climb-amid-xrp-2-2b-volume/
#XRPUpdate #XRPSurge #XRPBullRun #XRPInvestment #CryptoNews🔒📰🚫

XRP has seen marginal gains, surpassing the 1% mark only three times in the past fortnight, while more than 80% of its circulating supply continues to register profits.After experiencing a surge a few weeks ago, Ripple (XRP) has found stability, but its momentum appears subdued compared to other altcoins. Despite briefly securing its position as the fourth-largest asset, the current outlook prompts a closer examination of its standing in the market.The bearish trend persists for XRP, evident in its daily timeframe chart over the last 14 days, where it recorded price increases of just over 1% on three occasions. Following a notable 6% decline on December 11th, the subsequent sluggish performance underscores the challenges faced in recent weeks.As of the latest analysis, XRP is trading at approximately $0.61, with a marginal increase of less than 1%. The short moving average (depicted by the yellow line) has emerged as immediate resistance, hovering around $0.63 and hindering any significant upward movement.Adding to the cautious sentiment is the Relative Strength Index (RSI), indicating a persistently weak trend. The RSI has remained below the neutral line for nearly two weeks, underscoring the lack of strong bullish momentum.In terms of network activity, XRP's Active Addresses have failed to recover since a substantial decline in September. The current data reveals a decrease from over 480,000 to approximately 281,000 active addresses. This decline suggests a contraction in the number of wallets actively participating in XRP trading, potentially signaling reduced volume and, consequently, an impact on the coin's price.While XRP enjoyed a positive market ranking a few weeks ago, recent market dynamics have caused a slip in its position. Formerly occupying the fourth spot based on market capitalization according to CoinMarketCap, it now sits at the sixth position with a market capitalization of approximately $33.8 billion. Notably, Solana (SOL) and Binance Coin (BNB) have overtaken XRP in the rankings, as reflected in their market caps in the past few days.Despite the sluggish price movement, a significant portion of XRP's circulating supply remains in a profitable position. Analyzing the total supply in profit on Santiment reveals that over 86 billion of the altcoin's overall supply, constituting over 86%, is currently in a profitable state. This indicates that a substantial number of XRP holders are still experiencing positive returns despite the coin's restrained market performance.#XRPInvestment #XRPWatch