Ripple (XRP) Price Rally Incoming in December? This Analyst Comments

2023-11-24 07:33:47

TL;DR

XRP Year-End Prediction: Analyst EGRAG CRYPTO forecasts XRP could rise to above $0.71 by year-end, a 15% increase, but warns of a potential drop below $0.55 before climbing.
Previous Mega Pump Theory: Previously, EGRAG CRYPTO suggested a potential “mega pump” for XRP, raising its value to around $0.85.
Other Analyst’s View: Dark Defender, another analyst, predicts an increase in XRP’s price to between $1.05 and $1.88, citing a “cup & handle pattern” in its daily time frame.

A 15% Increase by New Year’s Eve?

Could XRP’s price go on another offensive by the end of 2023? This is a question that numerous cryptocurrency proponents have been asking and is among the trendiest topics in the community.

One analyst whobelievesthat such an uptrend might be in the cards is the X (Twitter) user EGRAG CRYPTO. They presented a chart according to which XRP might finish the year at above $0.71, representing a 15% increase from its current valuation.

However, the analyst warned that the asset’s price might plunge below the certain resistance level of $0.55 (known as the “Berlin wall”) before ascending to the aforementioned peak

Previously, EGRAG CRYPTOassumedthat XRP could be on the verge of a “mega pump” that could lift its valuation to $0.85 in the following months

Other XRP Short-Term Predictions

The X (Twitter) user Dark Defender is another analyst who thinks that Ripple’s native token could head north in the near future. Recently, theysuggestedthat the asset has formed “a cup & handle pattern in the daily time frame,” which might result in a price increase in the range of $1.05 to $1.88

Those willing to explore how XRP might perform in the remaining quarter of the year could take a look at our dedicated video below:

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