Ripple: XRP Superior to Bitcoin and Dogecoin - Will It Hit $2 Soon?

Ripple’s XRP is currently outperforming over 10 top projects by market capitalization in the daily chart. This asset is also outperforming Bitcoin (BTC) and Dogecoin (DOGE) in the weekly chart. XRP’s weekly performance is only surpassed by Cardano (ADA), which has increased by over 20% in the past week. The latest developments of XRP

The price of XRP has increased by 5% on the daily chart, 12% on the weekly chart, 93.4% on the 14-day chart, and 197.3% compared to last month. The price of this asset has also increased by 155% since the end of November 2023. XRP surpassed the $1 mark earlier this month for the first time since November 2021. Can this asset reach $2 soon? According to Changelly, Ripple’s XRP token will face a correction in the coming month. The platform predicts that the asset will drop below $1 by the end of December. Changelly analysts predict that XRP will trade at $0.935 on December 28, 2024. The drop to $0.935 from the current price will result in a correction of about 40.06%.

CoinCodex also painted a similar picture for Ripple’s XRP token. The platform predicts that the price of this asset will continue to decline throughout December. CoinCodex expects XRP to trade at $0.954 on December 25, 2024.

XRP from Ripple could accelerate if Bitcoin (BTC) starts to rise. There is a possibility that BTC will surpass the $100,000 mark before 2025. If BTC reaches $100,000, we may witness another price surge in the entire market. In such a scenario, XRP could skyrocket to $2. Reaching $2 from the current price would represent an increase of about 28.2%. Ripple has also settled the lawsuit with the SEC. This development could help XRP reach new heights in the coming year.