Could XRP See A 360% Surge By Christmas? Experts Think So

Christian Encila

1 year ago

3 mins read

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XRP is back in the limelight once again, catching a rising tide of bullish vibes in the cryptocurrency marketplace. The token went steadily up last week but managed to make an even bigger leap over the weekend.

This resulted in an increase in its value by a whopping 13%. The price jumped from $0.5889 to $0.6622 and reached a six-month high. Quite a lot of buzz has been seen in the crypto world, and the community feels this rally might just be the beginning for Ripple’s native currency.

While the rest of the crypto market has cooled down a bit, XRP continued in its movement and was greatly noticed by investors and traders. Despite having pulled back a bit, the token still remains strong and is trading at $0.6518 at the time of writing.

XRP market cap currently at $35.5 billion. Chart: TradingView.com

According to CoinCodex, a cryptocurrency analysis tool, XRP will continue its bullish path and gain by around 19.60% in the coming quarter. On the basis of this optimistic outlook, which reflects growing market confidence in the token, the price may reach $0.743019 by the 31st of October in the year 2024.

Big Things Coming For XRP

Well-known trader Anup Dhungana recently hyped up the excitement with his statement that XRP may be set to see some major price actions in the coming months. On X (formerly Twitter), he said he believes that XRP is placed for a proper breakout.

Big things could be happening for $XRP soon!👀#XRPHolders https://t.co/XHAaVRwXwB pic.twitter.com/QM7ChskTNv

— Anup Dhungana (@CryptoAnup) September 29, 2024

According to Dhungana’s research, the coin might reach the $3 mark in the midterm—a price level XRP has not seen in almost seven years.

Other experts shared Dhungana’s enthusiasm and projected XRP would reach $3 before Christmas. The token would have to skyrocket 360% from its present value if such is to occur. More analysis, however, holds the belief that the $3 mark will not be a top but a new floor to continue the move upwards into 2025.

Price Forecast Points To Growth

Technical study supports XRP’s forecast. CoinCodex predicts a 20% growth by October, boosting hope on this platform. XRP has had 16 of 30 green days in a month, demonstrating momentum.

Given a Fear & Greed Index of 50, which denotes a neutral market attitude, there is possibility for more consistent development as the market negotiates its present state.

In addition, the price volatility for XRP has been pretty low in the last 30 days at 4.80% and thus traders have chances to gain from slight fluctuations in prices. Such moderate volatility paired with increasing market confidence highlights the perspective on long-term developments.

Featured image from Moneycontrol, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.