CryptoInsightUK, a crypto market educator, presents his XRP price prediction by Christmas, suggesting a bullish uptick.
The market analyst revealed this in a recent disclosure after seeking community opinions on XRP price outlook. CryptoInsightUK set up a poll on X, asking community members to vote on what they believe XRP price could be this Christmas, Dec. 25.
For context, XRP currently changes hands at $2.51, having increased 0.64% this morning. The altcoin is currently building on a gradual bullish momentum that began on Dec. 15, up 4.21% since then as it battles to transcend the $2.4 psychological mark.
Community Opinions
Amid this battle, CryptoInsightUK asked community members to choose if XRP price will collapse below $2 by Christmas day, trade between $2 and $3.30, or change hands at a range of $3.30 and $5. The market analyst also highlighted an option of a price above $5 by Dec. 25.
Interestingly, of the 2,033 respondents, most of them, about 36%, revealed that they believe XRP is likely to trade within a range of $2 and $3.30 by Christmas day. Further, 30% of the participants expect XRP to trade between $3.30 and $5. Meanwhile, 26% see the altcoin changing hands above $5.
It bears mentioning that these options are all bullish, suggesting XRP could either hold above the $2 price mark by Christmas day or trade above it. Essentially, 92% of the respondents are bullish on XRP. However, only 8% believe the altcoin could slip below $2 by Christmas day.
Analyst Predicts XRP Price by Christmas
Following the poll, CryptoInsightUK disclosed his own target for XRP, predicting that the asset could rally to a new ATH of $5 between now and the new year. However, he expects XRP to transcend this level as the new year progresses, projecting an upward surge to a double-digit price from January to March 2025.
People asking my thoughts on this.
I think $5 ish between now and new year.
Then Jan – March double digits 👍🏼
Could be wrong but they’re my thoughts. https://t.co/xvJYtlCQhc
— Cryptoinsightuk (@Cryptoinsightuk) December 16, 2024
CryptoInsightUK then sought the opinion of fellow market analyst BobbyA, who is also bullish on XRP’s price outlook. BobbyA noted that he believes XRP price could trade between $4.5 and $5.25 by Christmas day.
However, he suggested that XRP could face a major selloff after this top but failed to provide insights on the possible support level. Nonetheless, BobbyA sees a rebound to a range of $8 to $13, and then a run toward the $20s after another exhaustive wick.
It bears mentioning that, in a previous analysis, CryptoInsightUK predicted a possible XRP price surge to $8 by Christmas day. As a result, the recent $5 target has triggered questions from investors. The analyst confirmed that the $8 target remains valid but noted that the $5 price is his base case outlook for XRP.
Other market observers have also projected an XRP price rally to $5. For instance, Vincent Van Code expects XRP to reach this level, but believes this target would only materialize in February 2025, not this year.
Currently, XRP trades for $2.51, up 4.75% over the last 24 hours. The asset would need to soar 99% to claim the $5 price. It bears mentioning that last Christmas, on Dec. 25, 2023, XRP changed hands at the $0.60 level.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
