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$24 XRP Prediction: Bitcoin Maxi Calls It Risky but Possible
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

$24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible

Christian Encila
Christian Encila
4 months ago
3 mins read
mind of pepe

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If there’s one thrilling narrative to study and revisit in 2024, it’s Ripple’s XRP. For those in the know, this crypto had a rough few years due to its ongoing cases and investigations launched by the US Securities and Exchange Commission.

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For three years, XRP’s price stayed sideways due to pressure from the SEC. But the story of XRP altered drastically in 2024. Days after the US elections, it began a parabolic price climb, breaking the $2 level on December 2nd and the $3 level on January 16th. XRP is making waves three weeks into 2025.

Last January 19th, on-chain data suggests that 30 million XRPs worth roughly $95.5 million were transferred from Upbit to an unknown crypto wallet. Also, Twitter/X is abuzz with price projections, with many anticipating that XRP will break $4 soon and others going bolder with a price projection of $24.

So, what’s up with XRP– and are these predictions made on solid ground?

XRPUSD is currently trading at $3.3. Chart: TradingView

Whale Reportedly Transferred 30 Million XRPs

Three weeks into the new year, on-chain data revealed an interesting activity for XRP. Multiple reports say that an XRP whale approved the transfer of 30 million tokens from South Korea’s Upbit to an undisclosed crypto wallet. The huge asset transfer raises questions and speculations on XRP’s short-term direction.

🚨 🚨 🚨 🚨 30,000,000 #XRP (95,519,899 USD) transferred from #Upbit to unknown wallethttps://t.co/FwwJoMhxET

— Whale Alert (@whale_alert) January 19, 2025

Whale Alert’s Twitter/X page shared little information except for the timestamp, on January 19th (05:09:42 UTC), that it was subject to a fee of 0.01 XRP.

While whale transactions reflect optimism in the market, some analysts advise caution. Market traders and holders are advised to proceed cautiously, considering current regulations and the inherent volatility of these tokens.

XRP On A Bullish Pattern

Based on its charts, some experts think that XRP’s price movement is going up. Experts say the price of the asset is moving out of a symmetrical triangle it has been in for years. The asset’s current pattern began after it hit an all-time high of $3.80 last December 2017.

According to Ali Martinez, XRP has broken out from this pattern starting November 2024, days after the US elections. Martinez offers $15 as the long-term target for XRP, which is 5x its current price.

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XRP’s Price Can Peak In The $20s

Forget about the target price of $4 that some observers float. If one Bitcoin supporter is to be believed, the altcoin’s bullish run can send it to the $20 to $24 price range. In a social media post, Davinci Jeremie (@Davincij15) predicts that XRP may hit $24.

XRP may hit $24!!

Well well well…💩 XRP may hit $20 – $24, but it’s not a safe long term investment for everyone. Trade, but don’t HOLD Blindly. pic.twitter.com/JOpUiSGkpm

— Davinci Jeremie (@Davincij15) January 17, 2025

Jeremie’s optimism comes as XRP rides an impressive price run that started late last year. Currently, Ripple’s token is trading at its seven-year high, beating the performance of other digital assets.

However, Jeremie tempered his projections, saying that Ripple’s XRP may not be a “safe long-term investment for everyone. In short, Jeremie is offering a “Buy” signal for XRP, but one should know when to exit the position.

Featured image from Pexels, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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