Amid an ongoing price correction across the cryptocurrency market, Ripple’s December drop can’t stop its ongoing 44% surge as traders ponder whether or not XRP can end 2024 above the $2.50 mark. Indeed, the token has surged throughout the year but struggled during the holiday season along with the overarching market.
There is an ongoing expectation that XRP will look to perform even better in the coming year. The token has thrived since the election of Donald Trump, and that sentiment could be massive for 2025. The question now is, just how high can it go, and what kind of head start can the conclusion of this year give it?
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Ripple to End 2024 Above $2.50? What to Expect From XRP as 2025 Nears
No matter how you slice it, 2024 has proven to be a massive win for the crypto sector. The asset class has been thriving, starting with the approval of crypto-based ETFs in January. In November, Bitcoin reached a six-figure price, setting off a new era in the history of the asset class.
But things have certainly taken a step back during the holiday season. Although many corrections have taken place, there are expectations that cryptocurrencies across the board will bounce back when the calendar turns. Among them is Ripple, whose recent drop cant deter its 44% gain that looks to have XRP eyeing a $2.50 price at the end of 2024
Over the last 30 days, Ripple is up more than 44%, according to CoinMarketCap. However, that has been much different recently. The last seven days have seen XRP fall more than 13% and trade at $2.17. Moreover, it fell more than 3% to start the week. So what should be expected for the rest of the month?
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Well, things are likely to be more of the same. According to crypto price prediction platform CoinCodex, Rippel is expected to end December with a maximum price of $2.28, below what many have hopped. Moreover, it will conclude the final month of the year with an average price of $2.16, around its level on Monday.
But things are likely to change drastically after that. According to their projection, XRP will reach a yearly high as early as March, when it reaches $4.50. That increase represents a 106% jump from its current position.
Moreover, it has the potential to break new ground all the more. With Trump appointing pro-crypto Paul Adkins as SEC chair, XRP has a bright future. The biggest question is, can it outdo the 250% increase it made in 2024?
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