XRP Could Hit $24: Bitcoin Maxi Makes Bold Prediction

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As an analyst, one captivating story I’d be eager to delve into again in 2024 is the journey of Ripple‘s XRP. For those familiar with the crypto world, this digital asset has faced some tumultuous times owing to its ongoing legal battles and investigations initiated by the United States Securities and Exchange Commission.

For three years, the price of XRP remained relatively stable under the influence of SEC pressure. However, the narrative of XRP took a dramatic turn in 2024. Just days after the US elections, it embarked on a steep upward trend, surpassing $2 on December 2nd and hitting $3 on January 16th. Three weeks into 2025, XRP is causing quite a stir.

19th of January saw a significant transfer of 30 million XRPs, equivalent to approximately $95.5 million, from Upbit to an unidentified crypto wallet, according to on-chain data. Furthermore, Twitter and XRP communities are buzzing with predictions about the currency’s future value. Some believe that XRP could surpass $4 in the near future, while others are more daring, forecasting a potential price of $24.

So, what’s up with XRP– and are these predictions made on solid ground?

Whale Reportedly Transferred 30 Million XRPs

Three weeks into the new year, data from blockchain networks indicated some intriguing activity involving XRP. Multiple sources claim that a significant XRP holder (often referred to as a ‘whale’) authorized the movement of 30 million tokens from Upbit, a South Korean cryptocurrency exchange, to an unidentified digital wallet. This substantial transfer of assets has sparked curiosity and conjecture about potential short-term trends for XRP.

30,000,000 #XRP (95,519,899 USD) transferred from #Upbit to unknown wallet

— Whale Alert (@whale_alert) January 19, 2025

On January 19th at 05:09:42 UTC, Whale Alert’s Twitter/X page posted a brief update indicating a transaction involving 0.01 XRP incurred a fee.

As whale trades suggest a positive outlook on the market, certain experts urge prudence. It’s suggested that both market participants and token holders should approach transactions with care, taking into account existing regulations and the inherent volatility of these digital assets.

XRP On A Bullish Pattern

According to some experts, they believe that the value of XRP is increasing as per its graphical representations. These experts suggest that the price trend is breaking out from a symmetrical triangle formation, which has been in place for several years. This current trend started following the asset reaching an all-time high of $3.80 back in December 2017.

As per Ali Martinez’s analysis, it appears that XRP surged beyond a particular pattern starting in November 2024, following the U.S. elections. Martinez predicts a long-term value of $15 for XRP, which represents a potential fivefold increase from its current price.

XRP’s Price Can Peak In The $20s

Disregard the suggested target price of $4 some people have mentioned. If one believer in Bitcoin is correct, its upward trend could take it to the range of $20 to $24. In a social media post, Davinci Jeremie (@Davincij15) anticipates that XRP might reach $24.

XRP may hit $24!!

Hmm, it looks like some experts predict that the price of XRP could rise to between $20 and $24. However, it might not be a suitable long-term investment for everyone. I’d advise you to trade it rather than holding on blindly. Keep an eye on market trends and make informed decisions.

— Davinci Jeremie (@Davincij15) January 17, 2025

As a crypto investor, I’m riding high on Jeremie’s optimism, given the incredible surge in XRP’s price that began towards the end of last year. Right now, it’s a thrilling sight to see Ripple’s token trading at its peak for the past seven years, outperforming many other digital assets in the market.

As a crypto investor, I’ve been following Jeremie’s insights closely, and while he recommends considering XRP as an investment opportunity, he also cautions that it might not be suitable for everyone in the long term. In essence, his advice is to buy XRP, but it’s crucial to have a clear exit strategy.

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2025-01-20 18:04