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#XmasWithGatePost
Brief Update on XRP Today (December 24, 2024):
1. Price & Market Sentiment: XRP shows a positive trend with the current price around $2.25-$2.50, significantly rising since early December. Optimism towards Ripple products, such as the RLUSD stablecoin, has also contributed to this increase.
2. Technical & Prediction: Technical indicators such as RSI and MACD indicate bullish momentum. XRP is estimated to reach $3 by the end of 2024, with strong resistance at $2.60 and support at $2.25.
3. Supporting Factors: Ripple's success in resolving the legal case with the SEC, coupled with the adoption of its cross-border payment technology, strengthens investor confidence. Speculation about the potential approval of XRP ETF also provides additional boost.
Conclusion: XRP is currently in a good position to maintain a bullish trend, but market volatility remains a risk factor. Investors are advised to be cautious with the current support and resistance levels.