As the end of the year approaches, cryptocurrency investors are focusing on the Christmas holiday season. XRP has become an attractive investment opportunity for investors looking to make short-term gains, as it has shown upward trends in past holiday seasons. Therefore, investors are closely monitoring XRP with high expectations of a significant increase.
An artificial intelligence application used by PricePredictions conducted an analysis to predict the potential price movement of XRP towards Christmas. This artificial intelligence algorithm is known for predicting cryptocurrency prices based on historical data and technical analysis.
According to the algorithm’s prediction, XRP is expected to reach a price of $0.618231 by the end of December. This is not a significant increase from the current price of $0.6117.
On the other hand, CoinsKid has a more promising scenario for XRP, and the realization of a bullish trend is expected. According to the analyst, there has been a selling signal of $0.64 for XRP since November 16, and an buy signal is expected depending on the completion of the Head and Shoulders formation.
In addition, another prominent analyst, EGRAG CRYPTO, predicts that XRP could reach up to $27. The analyst mentions that the price may experience pauses between $6 and $7 as resistance, but EGRAG expects XRP to drop to $0.55 before this price movement.