news 
Is Ripple (XRP) Gearing up for a Christmas Rally? (Analysts Weigh in)
Ripple’s XRP has been on a tumultuous ride lately, with a sharp decline from $2.50 to under $2 just three days later. However, the bulls managed to recover some ground, and the coin is currently trading at around $2.25. Despite the recent pullback, many analysts remain optimistic about XRP’s prospects for a substantial rebound in the near future.
One expert, Crypto Bitlord, believes that “the final pump for 2024 is loading.” They predict a price rally to as high as $12 next month, hinting that “the rise starts now.”
Another analyst, JAVON MARKS, also sees a glimmer of hope. They analyzed XRP’s 4-hour chart and identified what they call a “Hidden Bullish Divergence” that could propel the valuation to over 2.90 and potentially even lead to an all-time high.
CrediBULL Crypto is another bullish voice in the market, noting that the XRP/BTC chart looks “absolutely fantastic.” As such, they plan to open a long position once more for another trade in the following days.
Meanwhile, large investors known as whales have been active buyers of XRP. On December 20, it was reported that these whales purchased approximately 80 million tokens within three days. Today, on December 24, it’s been revealed that they’ve accumulated an additional 40 million coins. This whale activity has drastically reduced the circulating supply of XRP, setting the stage for a potential price increase if demand remains steady or increases.
Massive whale purchases may also encourage smaller investors to join the party, which could further fuel upward pressure on the XRP price.
Overall, it appears that many experts are predicting a substantial rally in the coming weeks.
Source: cryptopotato.com
