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XRP Price Jumps 7% on Christmas Eve, Analysts Eye Rally to $2.91, BTC Reclaims $99K
In a shocking turn of events, XRP has seen its price surge by an astonishing 7% on Christmas Eve, sending shockwaves throughout the cryptocurrency community. As a result, analysts are now forecasting a potential rally to $2.91.
At the time of writing, XRP is currently trading at $2.34, which marks a significant gain in just a few hours. The sudden and drastic increase has sparked renewed optimism among investors, with many taking to social media platforms to express their surprise and excitement.
One prominent analyst, Javon Marks, took to Twitter to share his thoughts on the XRP price action. He noted that the 4-hour chart is now coming off a Hidden Bullish Divergence confirmation, indicating that the cryptocurrency is poised for significant gains. According to his analysis, this could potentially push XRP’s value towards the $2.60 mark.
Other analysts have also begun to concur with Marks’ assessment, noting that the double bottom pattern formed by XRP has led to a bullish wave in its price action. This development has many believing that we may see further upside in the coming days.
Meanwhile, Bitcoin has also made significant gains over the past 24 hours. After experiencing a recent bearish downturn, BTC has finally begun to show signs of life, reclaiming the $99,000 mark and currently trading at $98,598.
The sudden turn of events has sent shockwaves throughout the cryptocurrency community, with many taking to social media platforms to share their thoughts on the price action. As we head into the new year, it will be fascinating to see if this momentum can continue, especially given the recent surge in XRP and Bitcoin’s impressive gains.
Source: coinpedia.org
