CandleFocus XRP Price Jumps 7% on Christmas Eve, Analysts Eye Rally to $2.91, BTC Reclaims $99K
2024-12-24
Author: Content Editor
XRP is currently trading at $2.34, experiencing a 7% increase on Christmas eve. Analysts believe that XRP could rally to its yearly high of $2.91 following recent gains. Javon Marks, a crypto analyst, pointed out a Hidden Bullish Divergence confirmation on the 4-hour chart, suggesting a possible 30% recovery to the 2024 highs and potentially a new all-time high. Ripple Whales have also accumulated 40 million XRP, further supporting a bullish outlook. Another analyst, CrediBULL Crypto, shared a chart indicating a parabolic rally on the horizon for XRP/BTC. Despite still technically being in a price correction, XRP has formed a double bottom and is showing promise to reach targets around $2.60. Additionally, Bitcoin has reclaimed the $99,000 level, currently trading at $98,598.
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