XRP Price Surges 328% In A Month, Outpaces Bitcoin, Ethereum: How High Can XRP Go?
Posted On December 9, 2024
XRP (CRYPTO: XRP) has outperformed Bitcoin and Ethereum over the past month, following Ripple’s favourable legal developments.
The cryptocurrency peaked at $2.82—its highest level in nearly seven years—triggering speculation of even larger gains.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| XRP (CRYPTO: XRP) | $2.38 | $136 billion | -7.15% | +1.5% |
| Bitcoin (CRYPTO: BTC) | $98,442.51 | $1.94 trillion | -1.6% | +3.7% |
| Ethereum (CRYPTO: ETH) | $3,859.76 | $465 billion | -3.2% | +7.4% |
Trader Notes: Prominent crypto trader Ali Martinez sees XRP as both “overbought and undervalued.”
He highlights its breakout from a multi-year symmetrical triangle, setting conservative and optimistic price targets of $8.40 and $48.12, respectively.
In the short term, Martinez predicts a potential dip to $2.25, presenting a buy opportunity with a target of $4.40.
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