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BNB
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$646.26 0.22864
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$224.05 -1.22078
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XRP
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$2.56 -7.52607
XRP price
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$0.0000282 -3.49573
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Bitcoin
Bitcoin (BTC)
$95,990.00 -0.80131
Bitcoin price
Ethereum
Ethereum (ETH)
$3,585.25 -1.69057
Ethereum price
BNB
BNB (BNB)
$646.26 0.22864
BNB price
Solana
Solana (SOL)
$224.05 -1.22078
Solana price
XRP
XRP (XRP)
$2.56 -7.52607
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000282 -3.49573
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000198 -1.87831
Pepe price
Bonk
Bonk (BONK)
$0.0000409 -5.22495
Bonk price
dogwifhat
dogwifhat (WIF)
$3.14 1.46425
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Popcat
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$1.39 16.89582
Popcat price
Bitcoin
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$95,990.00 -0.80131
Bitcoin price
Ethereum
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$3,585.25 -1.69057
Ethereum price
BNB
BNB (BNB)
$646.26 0.22864
BNB price
Solana
Solana (SOL)
$224.05 -1.22078
Solana price
XRP
XRP (XRP)
$2.56 -7.52607
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000282 -3.49573
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000198 -1.87831
Pepe price
Bonk
Bonk (BONK)
$0.0000409 -5.22495
Bonk price
dogwifhat
dogwifhat (WIF)
$3.14 1.46425
dogwifhat price
Popcat
Popcat (POPCAT)
$1.39 16.89582
Popcat price
Bitcoin
Bitcoin (BTC)
$95,990.00 -0.80131
Bitcoin price
Ethereum
Ethereum (ETH)
$3,585.25 -1.69057
Ethereum price
BNB
BNB (BNB)
$646.26 0.22864
BNB price
Solana
Solana (SOL)
$224.05 -1.22078
Solana price
XRP
XRP (XRP)
$2.56 -7.52607
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000282 -3.49573
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000198 -1.87831
Pepe price
Bonk
Bonk (BONK)
$0.0000409 -5.22495
Bonk price
dogwifhat
dogwifhat (WIF)
$3.14 1.46425
dogwifhat price
Popcat
Popcat (POPCAT)
$1.39 16.89582
Popcat price

How high can Ripple’s XRP price get in December 2024?

how-high-can-ripples-xrp-price-get-in-december-2024
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How high can Ripple’s XRP price get in December 2024?

Ripple price is in a strong bull run, fueled by positive momentum and favorable ecosystem developments.

Ripple (XRP) has risen for four consecutive weeks, reaching $1.70, its highest level since May 2021. The token has surged by over 240% this month, pushing its market capitalization above $96 billion.

XRP’s rally stems from strong fundamentals, including significant legal victories and favorable political developments. Ripple won a major court case against the SEC in July last year, followed by a court ordering the company to pay $250 million. This represents a much smaller figure than the $2 billion initially sought by the SEC.

The SEC has signaled a potential appeal, but optimism is growing that the incoming SEC Chair may not pursue further action. Reports suggest President-elect Donald Trump is considering Paul Atkins, a former commissioner with a pro-crypto stance, as the next SEC chair.

Investors are also bullish on upcoming potential catalysts. These include the possibility of a spot XRP ETF approval, anticipated under the next administration, and Ripple Labs’ potential Initial Public Offering.

Additionally, Ripple is developing a stablecoin called RLUSD which is backed 1:1 to the US dollar. Expectations are this venture could significantly boost the ecosystem’s revenue.

XRP price is getting overbought

XRP price
Ripple price chart | Source: crypto.news

The weekly chart reveals a strong uptrend for Ripple in recent weeks. The token recently broke past key resistance at $0.9340, its highest level in July 2023. It also surpassed the psychological $1 mark and the 50-week and 100-week moving averages.

However, technical indicators suggest caution. The Relative Strength Index and Stochastic oscillator have moved into overbought territory, signaling the potential for a brief retracement in the coming days.

The next potential target for the XRP price is $1.9716, its April 2021 high, followed by $2. In the long term, as Bitcoin (BTC) has done, Ripple could jump to a record high of $3.5, which is about 110% above the current level.