Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»How high can the price of XRP rise by the end of 2024?
EXCHANGE NEWS

How high can the price of XRP rise by the end of 2024?

By Crypto FlexsDecember 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
How high can the price of XRP rise by the end of 2024?
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptocurrency markets witnessed notable inflows during Friday’s US market session as Bitcoin anticipated another attempt at $100,000. Most major altcoins, including: XRP price is showing strength above the $1.63 resistance, suggesting further upside potential.

The current Ripple cryptocurrency price is trading at $1.68, up 1.4% intraday. According to Coinmarketcap, XRP’s market capitalization is $96 billion, overtaking BNB coin and taking the position of the fifth-largest cryptocurrency.

  • A breakout of the XRP price in a pennant pattern signals a possible rise to $2.
  • The Fibonacci extension tool highlights key resistance levels in $.
  • Derivatives market data shows investor confidence in a long-term uptrend.

XRP price is targeting $2 after a major breakout.

As Cryptonews predicted, XRP price delivered a decisive breakout of the bullish pennant pattern. On November 27, the coin price converted the triangle resistance into a decent support line, strengthening buyers for the resumed dominant uptrend.

The post-breakout rally lifted the asset by 16.8% and broke the last swing high of $1.63. According to the Fibonacci extension tool, XRP price could surge another 15%, reaching 0.618-FIB at $2.

A prolonged rally could push the asset to 1-FIB of $2.4 by December 2024.

However, the Ripple cryptocurrency has recorded an impressive 235% month-to-date (MTD) growth, pushing the momentum indicator RSI into overbought territory at 88%. Since trends in financial assets remain the same, the price of XRP sees a temporary decline, giving buyers room to regain bullish momentum.

XRP price targets $2 after a bullish breakout, with a potential 15% rise. Derivatives markets show high interest.

Binance: XRP Price
XRP/USDT -1d chart

Derivatives Markets Show Potential for XRP’s Recovery

Following the price rise, XRP’s Futures Open Interest saw an incredible surge, jumping 233% from $681 million to $2.27 billion. This significant growth signals increased trader activity and increased speculation in the derivatives markets, indicating strong market interest and potential bullish momentum for XRP.

XRP PrayerXRP Prayer
XRP OI Weighted Funding Rate

Additionally, XRP’s open interest (OI) weighted funding ratio surged to 0.04%, reflecting positive sentiment from futures market traders. A high funding ratio usually means that long positions are dominant, indicating that traders are willing to pay a premium to maintain bullish positions.

rippleripple
XRP OI Weighted Funding Rate

While the price of XRP is poised for intermittent declines, the derivatives market is likely to see a long-term upward trend.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025
Add A Comment

Comments are closed.

Recent Posts

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Most Popular

Ether.Fi will introduce ETHFI token to Binance Launchpool next week

March 12, 2024

Veve launches new Veve Comics platform featuring exclusive Marvel NFTs.

March 17, 2024

Will Celo’s Recent Moves Help It Dominate the Layer 2 Segment?

July 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.