news 
XRP Price Jumps 7% on Christmas Eve, Analysts Eye Rally to $2.91, BTC Reclaims $99K
It appears that the cryptocurrency market is getting into the holiday spirit as the price of XRP has surged by a staggering 7% in just a short period of time, and it’s currently trading at $2.34. This significant jump has sparked hope among analysts and investors alike, who now believe that this could be the start of a new rally towards its yearly high of $2.91.
As per recent tweets from crypto analyst Javon Marks, he believes that XRP’s 4-hour chart is coming off a Hidden Bullish Divergence confirmation, indicating an imminent gain of over 30% back to its 2024 highs at $2.91, with the potential for even higher levels.
Additionally, it appears that Bitcoin has also found its way up after a recent downturn, as it has reclaimed the crucial $99,000 level. Currently trading at $98,598, this marks an increase of over 6% in the past 24 hours.
The surge in XRP’s price comes as no surprise, given its potential for significant growth, especially considering the increasing adoption of cryptocurrency by institutional investors and growing interest from mainstream investors.
On the other hand, the Bitcoin market has also been experiencing a turnaround after a recent bearish trend. The current price action is likely to be interpreted as a bullish sign by many investors and traders, who are closely watching this space for any further signs of growth.
As we head into the new year, it’s clear that there’s still plenty to look forward to in the world of cryptocurrency.
Source: coinpedia.org
