CandleFocus

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

Author: Content Editor
The price of Ripple (XRP) has been on a strong bull run, reaching its highest level since May 2021 at $1.70. This surge in price is fueled by positive momentum and favorable ecosystem developments. Ripple has experienced significant legal victories, including winning a major court case against the SEC and being ordered to pay a much smaller fine than initially sought. There is optimism that the incoming SEC Chair may not pursue further action against Ripple. Investors are also optimistic about potential catalysts such as the approval of a spot XRP ETF and Ripple Labs' potential Initial Public Offering. Ripple is also developing a stablecoin called RLUSD, which could boost the ecosystem's revenue. The weekly chart shows a strong uptrend for Ripple, but technical indicators suggest caution and the potential for a brief retracement in the coming days. The next potential price targets for XRP are $1.9716 and $2, with the possibility of reaching a record high of $3.5 in the long term.

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