How High Can XRP Price Go in December 2024?

Ripple's XRP cryptocurrency has been trending upward in the past few days. The asset has surged by 30% throughout the week, making XRP one of the best-performing coins. This altcoin has traded as high as $1.62 this month from a low of $0.49. While some believe it could reach $2 this month, most are hopeful that XRP will skyrocket to $3 in December. The barriers of XRP At the time of reporting, this asset was traded at $1.46 after a nearly 4% increase in the past 24 hours. This alternative currency has increased by 178% in the past 30 days. If this asset can maintain this momentum, it could surpass its all-time high of $3.84. XRP is currently down 61% from the current price.

In this context, large buyers have rushed to buy regardless of the increasing asset price. According to Santiment, most of these buying activities come from whales. These large investors have increased their holdings by more than 700 million XRP in the same period. The increasing buying activity among whales indicates a growing belief in the potential for XRP's upward momentum. December price forecast Data from CoinCodex shows that XRP is expected to end the year trading between $0.808818 and $0.935403. The price of XRP has decreased by -41.66% compared to the current price. The average price for December is set at $0.8544 for XRP. It should be noted that if XRP performs as predicted, investors can earn a profit of 36.13%.

It seems that the asset's upward momentum will be interrupted in the next month. Assets are expected to record a significant decline. This means investors will have to wait longer before assets reach $2 or the all-time high of $3.84. Currently, Ripple cryptocurrency is trading more than 61% lower than its peak.