But real quick first—
XRP’s price could be in for another big pump soon, according to the technical signals.
Legendary chart trader Peter Brandt recently shared a bullish wedge pattern suggesting another leg up for XRP’s price to above $2.70. The average exchange rate in US dollars for XRP on Saturday, Dec. 28, was $2.19.
So if this rally materializes, it would represent a 24% increase over Saturday’s price in potentially a matter of mere days or weeks.
Here are two views of $XRPUSD a weekly chart and a daily chart
Strong opinions, weakly held
A chart is not an opinion and an opinion is not necessarily a position – this is a concept hard to understand by rookies pic.twitter.com/SvaT5hojLW— Peter Brandt (@PeterLBrandt) December 27, 2024
While this is not abnormal for crypto markets in general or for Ripple token prices in particular, these kinds of gains are significantly headier for investors’ finances than the typical performance of corporate equity shares— even for high-flying tech stocks like those on the Nasdaq.
Another XRP watcher recently targeted a $4 all-time high Ripple price for the cross-border settlement token on the next big pump. That would represent an astounding 82% gain over the current price.
Looking back, here’s how Ripple got here over the course of 2024:
1. Ripple Expert Touts XRPL’s DeFi Powers (Jan. 1)
Ripple made some waves to start the year when XRPL developer Wietse Wind settled some misconceptions about the platform. The developer who started the XRP Ledger for decentralized finance using XRP tokens cleared up the confusion once and for all:
With
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Author: W. E. Messamore
