30s Summary

XRP, the cryptocurrency, hit a 2024 high of $0.74 on Nov 12, outperforming Bitcoin with a rise of 13.42%. This has been the cryptocurrency’s largest weekly increase since 2024, and experts predict a potential price surge of 200%. Known for fluctuating between $0.65 and $0.45 for most of the year, XRP may be set for a significant climb after breaking a three and a half year slump. Independent analysts suggest the price could reach $2 by year’s end. Open interest in XRP recently hit a yearly high of $1.20 billion, indicating growing demand.

Full Article

So, XRP price just had a small test of its 2024 high, hitting $0.74 on Nov. 12. This happened because Bitcoin’s momentum took a bit of a breather. XRP actually beat out Bitcoin with a 13.42% rise, touching that resistance point of $0.74 again.

Now, we may see the highest weekly close for XRP in 2024. A crypto whiz is predicting a potential price surge of 200% based on the current price.

But while XRP’s been moving and shaking over the past week, the price has been yo-yoing between $0.65 and $0.45 for most of the year. But here’s the good news: looks like XRP might be gearing up for a massive climb after breaking a slump that lasted a whopping three and a half years!

An independent crypto analyst called Mikybull thinks XRP is all set for a big rally. According to the pro, XRP is ready for a serious leap, saying “This thing gonna pull like Dogecoin.”

They’re speculating that a supercharged price rise for XRP is about to happen, possibly even reaching $2 by the year’s end.

Another XRP fan, Harry, shared similar predictions, suggesting that XRP’s been hanging out sideways for 33 months but is ready to charge at $0.96 shortly. He added that XRP could set a new bull-market high over $1.96.

Crypto analytics platform Santiment has noticed a lot of buzz in the XRP community. The altcoin saw a 45% breakout over a week, sparking plenty of chats about its potential.

On Nov. 13, XRP’s open interest, aka the total number of outstanding contracts that haven’t been settled, has hit a new yearly high of $1.20 billion in the market.

So, there’s a chance we might see a quick dip in XRP’s price as things chill out a bit. But, a jump in open interest shows that demand for leveraging XRP positions is on the rise, which could influence its price in the coming weeks.

Disclaimer: Don’t take this as investment advice or recommendations. Trading comes with risk, so always do your own research before making decisions.