XRP is currently aiming for a historic year-end close, rising above US$2 amid continued price consolidation.
Recent market data suggests that the altcoin is aiming for a record year-end close.
This development, especially over the past year, has caught the attention of traders and analysts.
#XRP has experienced significant growth, reaching a seven-year high of US$2. XRP experienced a significant surge, reaching a seven-year high of $2.90 on December 3, 2024. However, this peak was short-lived, as just three days later the altcoin plummeted by nearly 19%.
Since then, XRP has made several attempts to recover, but remains under bearish pressure.
Throughout its history, XRP has consistently struggled to reach the $2 price level, especially after a significant market rally in 2017/2018.
It did.
Market watcher Dom believes XRP has the momentum to finish the year.
Despite hitting an all-time high of $2.47 in December 2017, the altcoin ended the year at $1.99, just short of the coveted $2. It never made it.
And that's despite a staggering 33,066% increase from its initial price of
$BTC In the following year, 2018, XRP fell 82.49%, ending the year at
$BTC In April 2021, XRP attempted to regain the $1.96 peak, but then encountered strong resistance.
In December 2024, XRP regained the $2 price level, reaching a high of $2.90 after a recent bullish momentum.
As the end of the year approached, the altcoin remained above the all-important $2.00 mark and was able to close above that level for the first time in history. With only one day left until the end of 2024, maintaining this price level is a historic event for XRP. Market analysts, including trader Steph, have pointed to the possibility of a bullish close and suggested that such an event could bring significant benefits to investors: in recent comments, he said, We're all going to be
#super rich.
This morning, XRP fell 1.15% to an 11-day low of $ 2.06. The price is trading at $ 2.
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