Is XRP Claiming A New High Soon?

2024 has been a significant year for Ripple (XRP). The year was a mix of many things, including XRP’s historic win against the US SEC. This development took XRP to new highs, adding credible momentum to its already unique pace and price path. Will XRP be able to continue this momentum further ahead? Let’s find out.

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Ripple: A Year Full Of Stellar Growth

XRP has had an eventful 2024 primarily due to many reasons. Firstly, the token was finally able to free itself from the shackles of the US SEC, claiming a historic win against the legal spat that was initiated by the entity.

In addition to this, XRP managed to scale past $2 in recent times, showing investors its mettle and strength in the long run. Furthermore, the launch of the RLUSD stablecoin also added incredible strength to the token’s momentum, giving the ecosystem an overall boost.

Now with the new year approaching hard and fast, XRP is expected to undergo a massive price transformation. With the US SEC regime change scheduled in January 2025, the appointment of new SEC chair Paul Atkins could be a game changer for the token. Gary Gensler is all set to step down from his role as the current US SEC chair, giving XRP one last major push, which could compel the token to touch new highs.

With Ripple eyeing the institutional domain and setting up, XRP is most likely to keep its momentum strong.

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The Token’s Future Price Journey

With such holistic developments in order, XRP may soon surge to hit a new price mark of $2.28 by December 31, 2024.

By mid-January, the token could sit at a new price spot of $2.25.

“According to our current XRP price prediction, the price of Ripple is predicted to drop by -2.42% and reach $ 2.25 by January 24, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 73 (Greed). XRP recorded 18/30 (60%) green days with 16.51% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy Ripple.”

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