XRP has been on an upward trajectory, showing a steady increase in price and momentum. Currently trading at $2.51, the popular altcoin has been building bullish momentum over the past few days, up 4.21% since December 15. Amid this rally, crypto market educator CryptoInsightUK has made a bold prediction for XRP’s price by Christmas, following a community poll on the X platform.

Poll Results: XRP Bullish Outlook

CryptoInsightUK sought opinions from the XRP community, asking members to predict where XRP’s price could land by Christmas Day, December 25. The choices included several price ranges, with the majority of the 2,033 respondents being notably bullish.

• 36% of participants believe XRP will trade between $2 and $3.30 by Christmas.
• 30% expect XRP to range between $3.30 and $5.
• 26% see XRP surpassing $5.
• Just 8% of respondents are pessimistic, expecting XRP to dip below $2.

This overwhelming optimism suggests a growing belief that XRP will not only hold above $2 but could even see significant gains before the year ends.

Expert Predictions: XRP Could Hit $5 by Christmas

Following the poll, CryptoInsightUK shared his own prediction, stating that he believes XRP could reach a new all-time high (ATH) of $5 between now and the New Year. He also anticipates that XRP could continue its ascent in early 2025, potentially surpassing the $5 mark and heading into double digits by March 2025.

This prediction is supported by fellow market analyst BobbyA, who also remains bullish on XRP’s future price. BobbyA suggests that XRP could hit a price range of $4.5 to $5.25 by Christmas. However, he foresees a potential selloff after this price peak, although he is confident that XRP will rebound to a range of $8 to $13 in early 2025, before possibly pushing toward the $20s in the following months.

Controversy Over XRP’s Christmas Price Target

CryptoInsightUK has previously suggested that XRP could surge as high as $8 by Christmas, which triggered discussions among investors. However, the analyst recently adjusted his expectations, setting a $5 price target as the base case for XRP by Christmas, though the $8 target remains on the table for the longer term.

Other market observers, such as Vincent Van Code, also share a similar outlook, predicting that XRP could reach the $5 level, but likely not before February 2025. Regardless, many analysts are aligned in their belief that XRP has significant bullish potential in the near future.

XRP’s Current Performance and What It Needs to Reach $5

As of now, XRP is trading at $2.51, up 4.75% over the last 24 hours. To reach the $5 mark by Christmas, XRP would need to see a 99% increase in price, which, though ambitious, is not impossible given the recent bullish sentiment surrounding the cryptocurrency.

For context, last Christmas, on December 25, 2023, XRP was trading at just $0.60. This sharp contrast in price highlights the impressive growth the altcoin has experienced over the past year, fueled by market optimism and a growing belief that XRP could break through new resistance levels.

Conclusion: Is $5 Within Reach for XRP by Christmas?

With XRP showing strong bullish momentum and analysts projecting significant price growth, the possibility of reaching $5 by Christmas is very much within the realm of possibility. While some experts remain more conservative, setting their sights on the $4.5 to $5 range, others remain hopeful for even higher prices. As we approach the end of the year, it will be interesting to see if XRP can maintain its momentum and achieve these ambitious price targets.

XRP’s community is clearly feeling optimistic, and if the trend continues, 2024 could end on a high note for the cryptocurrency. However, as always in the volatile world of crypto, investors should remain cautious and keep an eye on any developments that could impact the market.