#2024withBinance #Binane @BinanceArabic
Source: Reddit
The cryptocurrency market is supporting Ripple (XRP) and Cardano (ADA) to new highs. Both tokens have been supported by the current market momentum and are steadily reaching new highs. However, the real question is, how far can both tokens go by mid-December 2024?
Ripple price forecast for December
XRP
Source – Ajeeb Crypto
XRP is currently one of the leading cryptocurrencies in the space. The token is all set to launch its RLUSD stablecoin in the market, driving the momentum upwards. At the same time, financial giants like Canary and Wisdom Tree have applied for an XRP ETF, eager to offer XRP exposure to their clients. Such significant developments have further added to the token’s credibility, boosting its sentiment and strength in recent times.
With the change in the US political system, and Trump taking office, the overall market momentum has improved significantly. Trump has appointed a new SEC chairman, Paul Atkins, a development that is currently being touted as very positive for XRP, as it could help end the years-long legal battle between XRP and the SEC.
According to CoinCodex, the price of XRP is expected to rise to $2.25 by December 20, 2024.
Additionally, the token may end the month at a low price of $1.72.
Read Also: Visa (V) Stock: Why Analysts Say It's a Must-Buy
“According to our current XRP price forecast, XRP price is expected to decline by -24.59% to $1.723543 by January 5, 2025. According to our technical indicators, the current sentiment is bullish while the Fear and Greed Index shows 84 (extreme greed). XRP has recorded 18/30 (60%) green days with a price volatility of 48.70% over the past 30 days. Based on our XRP forecast, now is the time to buy XRP.”
🔥Cardano (ADA) Price Predictions for December 🔥
ADA is currently at $1.19, down 0.85% in the last 24 hours. With the appointment of Paul Atkins as the new head of the Securities and Exchange Commission, the overall market momentum has improved significantly. This development has helped Bitcoin cross the $100,000 barrier, which has helped other altcoins like Cardano to move forward.
ADA has seen a significant price surge recently, with the token pumping nearly 14% in the past week, followed by a staggering 233% surge in the past month.
According to CoinCodex, the price of ADA could reach $1.23 by December 20, 2024.
Likewise, the cryptocurrency may rise to claim a stable price level of $1.36 by the end of December 2024.
“According to our current Cardano price forecast, Cardano price is expected to rise by 14.85% to $1.362328 by January 5, 2025. According to our technical indicators, the current sentiment is bullish while the Fear and Greed Index shows 72 (Greed). Cardano has recorded 23/30 (77%) green days with a price volatility of 31.90% over the past 30 days. Based on Cardano’s forecast, now is the time to buy Cardano.”
