Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only.
As the year draws to a close, XRP price is making headlines and approaching its all-time high of $3.40, a mark it reached almost seven years earlier.
As the year draws to a close, XRP price is making headlines and approaching its all-time high of $3.40, a mark it reached almost seven years ago. Analysts are now confident about the token’s prospects, with a nearly 300% year-to-date rise positioning the fourth-largest cryptocurrency for new records.
XRP Will Hit $5 on Christmas Day?
After a recent sharp decline of 9% over the past two weeks, XRP price has risen 3.4% to $2.25 in just 24 hours, ending the week above key support levels.
This recovery ensures that XRP price maintains its remarkable uptrend, up more than 100% since November 5th, coinciding with political changes in the United States.
Crypto analyst Ali Martinez highlighted the importance of the $2.20 support level, stating that XRP price could consolidate as long as it remains above this level before targeting the $2.70 resistance.
The analyst believes that a fall in XRP price below $2.20 could lead to a decline to $1.96. Martinez also observed an increase in whale activity with large purchases of 80 million tokens since December 17, indicating positive sentiment for XRP.
It is noteworthy that in a recent survey by market analyst CryptoinsightUK on the social media site X (formerly Twitter), a majority…
