Bitcoin
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$101,510.00 1.1546
Bitcoin price
Ethereum
Ethereum (ETH)
$4,057.15 4.78755
Ethereum price
BNB
BNB (BNB)
$741.45 1.92054
BNB price
Solana
Solana (SOL)
$239.60 1.38108
Solana price
XRP
XRP (XRP)
$2.35 -1.24275
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000031 -0.36065
Shiba Inu price
Pepe
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$0.0000217 0.35678
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Bonk
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$0.000043 0.68826
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dogwifhat
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$3.46 4.91936
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$1.45 7.08001
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Bitcoin
Bitcoin (BTC)
$101,510.00 1.1546
Bitcoin price
Ethereum
Ethereum (ETH)
$4,057.15 4.78755
Ethereum price
BNB
BNB (BNB)
$741.45 1.92054
BNB price
Solana
Solana (SOL)
$239.60 1.38108
Solana price
XRP
XRP (XRP)
$2.35 -1.24275
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000031 -0.36065
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000217 0.35678
Pepe price
Bonk
Bonk (BONK)
$0.000043 0.68826
Bonk price
dogwifhat
dogwifhat (WIF)
$3.46 4.91936
dogwifhat price
Popcat
Popcat (POPCAT)
$1.45 7.08001
Popcat price
Bitcoin
Bitcoin (BTC)
$101,510.00 1.1546
Bitcoin price
Ethereum
Ethereum (ETH)
$4,057.15 4.78755
Ethereum price
BNB
BNB (BNB)
$741.45 1.92054
BNB price
Solana
Solana (SOL)
$239.60 1.38108
Solana price
XRP
XRP (XRP)
$2.35 -1.24275
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000031 -0.36065
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000217 0.35678
Pepe price
Bonk
Bonk (BONK)
$0.000043 0.68826
Bonk price
dogwifhat
dogwifhat (WIF)
$3.46 4.91936
dogwifhat price
Popcat
Popcat (POPCAT)
$1.45 7.08001
Popcat price
Bitcoin
Bitcoin (BTC)
$101,510.00 1.1546
Bitcoin price
Ethereum
Ethereum (ETH)
$4,057.15 4.78755
Ethereum price
BNB
BNB (BNB)
$741.45 1.92054
BNB price
Solana
Solana (SOL)
$239.60 1.38108
Solana price
XRP
XRP (XRP)
$2.35 -1.24275
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000031 -0.36065
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000217 0.35678
Pepe price
Bonk
Bonk (BONK)
$0.000043 0.68826
Bonk price
dogwifhat
dogwifhat (WIF)
$3.46 4.91936
dogwifhat price
Popcat
Popcat (POPCAT)
$1.45 7.08001
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.