Top Ripple (XRP) Price Predictions.

TL;DR

Despite falling in the past 24 hours, XRP has rallied significantly over the past 30 days, with analysts predicting further gains. Leadership changes at the SEC could influence the outcome of Ripple’s legal battle and XRP’s price trajectory.

The calm before the storm?

Ripple’s XRP experienced an impressive bullish run over the past month, with its price soaring 330%. On Dec. 3, it hit a nearly six-year high of $2.82. It is currently trading at around $2.38, which represents a decline of 6% on a daily basis.

XRP Price, Source: CoinGecko

According to some popular analysts, XRP could be poised for much more substantial gains in the near future. X user Ali Martinez suggested the asset “looks undervalued after breaking out of this huge multi-year symmetrical triangle.” He set a “conservative target” of $8.40 and an “optimistic” target of $48.12.

Veteran trader Peter Brandt also chimed in. He claimed that XRP has “the most powerful chart in the entire crypto world.” It’s worth mentioning that Brandt has been quite critical of Ripple’s native token over the years, expressing skepticism about its value and potential numerous times.

User X CRYPTOWZRD shared a similar thesis, predicting that XRP’s market cap is on track to reach a new all-time high of $270 billion.

⚠️ THE BEAUTY OF XRP

The most beautiful graphic in the whole space..

Dear Bears, I’m sorry… you were a few years old… $XRP it goes much higher… next is $270 million… it won’t stop there

See you at a new all-time high… pic.twitter.com/DpIAPV7Ohh

— CRYPTOWZRD (@cryptoWZRD_) December 8, 2024

As of this writing, its market capitalization is around $136 billion. This makes XRP the fourth largest cryptocurrency behind Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).

Ripple’s lawsuit against the SEC remains a burden

One factor that may fuel an additional pump for XRP’s price is a favorable resolution of the four-year legal battle between Ripple and the US Securities and Exchange Commission (SEC).

Not long ago, Gary Gensler (the current president of the agency) confirmed that he will leave his position in January next year. His departure was somewhat expected as the newly elected President of the United States, Donald Trump, promised to fire him on the 1st day after taking office.

Gensler is known as a critic of the digital asset industry, as the Commission filed several lawsuits against crypto companies during his tenure.

Last week, Trump nominated former SEC commissioner Paul Atkins to lead the securities regulator. The latter has been a consistent supporter of the crypto sector and it will be interesting to see if the Ripple case will come to a faster conclusion under his leadership.

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