Ripple’s XRP, along with the broader cryptocurrency markets, has displayed indications of a slowdown in recent days. Following a brief surge beyond the $44k threshold earlier this month, Bitcoin (BTC) has retreated to around $41k, mirroring a comparable pattern in Ripple’s XRP token. Despite these retracements, investors remain hopeful for a prospective market upswing on Christmas day.
According to Changelly, XRP’s price has the potential to surge to $0.71 during the Christmas festivities, marking an 18.3% increase from its current levels. Furthermore, the platform envisions a continued uptrend for Ripple throughout the month, with a projected price of $0.80 on December 30, reflecting a nearly 33% increase from the current levels. CoinCodex also shares a positive outlook for Ripple in the remaining days of this month. The platform suggests that XRP could attain a price of $0.68 on Christmas day, indicating a rally of approximately 13.3%.
Additionally, CoinCodex anticipates XRP reaching $0.78 by December 31, 2023, reflecting a surge of around 30% from its current prices.
XRP Enthusiast at Goldman Sachs Predicts Positive Trajectory
In a recent podcast, Raoul Pal, a former executive at Goldman Sachs, shared his positive outlook on Ripple. Pal expressed his bullish stance on XRP, considering it as a rare opportunity. He emphasized the significant price discount, stating, “When you see something like that, it’s like, ‘Okay, now the price has been massively discounted.
We know it’s a real thing, half the people have been shut out of the market, this is the opportunity of a lifetime.’ So that’s when I bought it. And I’ve held it ever since.” Currently serving as the CEO of Real Vision, Pal, who accurately predicted the U.S. mortgage crisis in 2008, previously held the position of co-head of European hedge fund sales in equities and equity derivatives at Goldman Sachs in London.