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Key Ripple Metrics Head North: Is the XRP Price Ready for Another Rally?

Summary:
TL;DR XRP surged to .44 with increased network activity signaling growing interest and potential for further gains. Analysts predict targets of soon and over by Christmas, driven by bullish momentum. XRP’s Resurgence Ripple’s native token has been flying high recently, with its price jumping to a three-year high of .60 on November 23. In the following days, it headed south alongside the broader market correction, but the past 24 hours have been more than successful. Currently, XRP trades at around .44, representing a 10% daily increase. Its market capitalization is well above billion, positioning the asset as the sixth-largest in the entire sector. XRP Price, Source: CoinGeckoThe revival coincides with some important XRP-related metrics that have been on

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TL;DR

  • XRP surged to $1.44 with increased network activity signaling growing interest and potential for further gains.
  • Analysts predict targets of $2 soon and over $4 by Christmas, driven by bullish momentum.

XRP’s Resurgence

Ripple’s native token has been flying high recently, with its price jumping to a three-year high of $1.60 on November 23. In the following days, it headed south alongside the broader market correction, but the past 24 hours have been more than successful.

Currently, XRP trades at around $1.44, representing a 10% daily increase. Its market capitalization is well above $80 billion, positioning the asset as the sixth-largest in the entire sector.

XRP Price
XRP Price, Source: CoinGecko

The revival coincides with some important XRP-related metrics that have been on the rise recently. For instance, the XRP payments from one account to another soared above 1.2 million on November 26 (marking an 85% increase on a 24-hour scale). The number of executed transactions on the XRP Ledger (XRPL) has also pumped substantially. 

This typically indicates increased activity and utilization of the network. It can also signal a growing interest in XRP, which could be followed by a further price rally of the underlying asset. 

Crypto X is full of analysts expecting the bull run to continue in the following months. Dark Defender thinks XRP could spike to $1.63 if it surpasses the $1.44 resistance level. 

“If we see 3 consecutive candle closes especially on 4-hour frame, then we consider a run towards $2 area! And that would be just the beginning of the beginning,” the trader added.

Mikybull Crypto also believes the price is headed to $2, while JAVON MARKS speculated that XRP could reach a staggering $99 if it mirrors its performance in the past. 

It is important to note that the token’s market cap needs to skyrocket beyond $5 trillion for this to happen. Currently, the capitalization of the entire sector is less than $3.5 trillion, making the forecast quite challenging (to say the least).

New ATH Before Christmas?

Other analysts who see a bright future ahead for XRP include the likes of CrediBULL Crypto and Crypto Assets Guy. The former recently suggested that the token’s valuation could head north to $1.60 “as long as BTC doesn’t ruin the party.” 

The latter was even more bullish, envisioning a pump to $2 by the end of November and a new all-time high of over $4 before Christmas. Moreover, they assumed XRP could skyrocket to $10 during the first quarter of 2025.

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