Could it be a Christmas miracle for XRP holders?
Prominent crypto analyst EGRAG Crypto is predicting a ‘rapid short-term surge’ for XRP in the coming days or weeks.
EGRAG first notes that many XRP holders are feeling frustrated by the lack of price movement.
Especially after XRP’s SEC win and other tailwinds like breaking a December loss streak, which we’ll highlight later.
For now, let’s take a look at EGRAG’s XRP prediction and shed some insights on how feasible it is.
#XRP Targeting 🎯 $1.2 in a Maximum of 55 Days! 🚀:
If the blue fractal unfolds, it’ll signal an impending, rapid short-term surge on the horizon! 🌀📈
While 90% may feeling frustrated from #XRP’s current state, imagine the potential if it dips to 0.55-0.50c. Paper hands might… pic.twitter.com/RB5RJMrCoF
— EGRAG CRYPTO (@egragcrypto) December 24, 2023
EGRAG’s technical analysis highlights a key trend from April through July ’23 when XRP surged from 0.37 to 0.81 — its yearly high.
EGRAG crypto is seeing a similar set up as December nears, projecting a massive gain to around $1.2.
See related: Solana 2030 prediction
Now, this would be an excellent Christmas gift for XRP bag holders, but is it feasible?
XRP December profit trend
Let’s take a look at a few other catalysts for XRP, starting with a key December profit trend.
As we can see from CryptoRank’s historical data, December has been tough sledding for XRP since Dec. 2017, when it gained a staggering 818%.
While we certainly don’t see XRP getting anywhere near that this year — it is on pace to snap a five-year streak of negative returns in December.
Our 2024 XRP forecast is projecting around $3, which means a short-term gain north of $1 could be feasible.
Other analysts have also taken to X, to share their insights.
Hi all. #XRP in the weekly time frame is breaking the weekly resistance right on Christmas, & we expect to continue this trend towards the New Year. $XRP is above Ichimoku, RSI is #Bullish, and the trend is UP!
Our targets didn’t change & stayed at $1.05 & $1.88 short term.… pic.twitter.com/TuotG6DXNY
— Dark Defender (@DefendDark) December 25, 2023
Summary
From a general community sentiment standpoint — it seems clear people and analysts alike are hoping for a breakout soon.
The charts are indicating this could happen but as always, be wary of chasing quick returns in any market.
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Disclaimer: This is not financial advice. Here at InvestingHaven we look at market trends to make estimated forecasts. Investing in crypto is volatile. Please consult a licensed financial advisor prior to investing.
