XRP Price Prediction: Crypto Hamster Says Altcoin Could Double Its Value, Targeting $3.85 and $4.50

XRP, the third-largest altcoin by market capitalization, is currently trading at $2.28, poised for a potential price rally. Technical analysis by prominent trader Crypto Hamster suggests XRP could double in value, targeting $3.85 and $4.50.

The altcoin’s price movement since November 2024 has formed a Bullish Pennant pattern, a structure typically preceding sharp price surges. This setup consists of a period of consolidation, forming a triangle-like shape, followed by a powerful breakout.

According to Crypto Hamster, XRP’s consolidation phase is concluding and could break to the upside as early as late January 2025. If this occurs, XRP is positioned for a 100% rally, which would bring its market capitalization to $260 billion.

With this growth, XRP could reclaim its spot as the third-largest cryptocurrency, surpassing U.S. Dollar Tether (USDT) and presenting a challenge to Ethereum’s (ETH) dominance with a modest 30% price boost.

Despite the promising outlook, XRP has faced significant market volatility. Over the past 24 hours, $7 million worth of XRP positions were liquidated, according to data from CoinGlass, with 70% of the liquidations impacting long positions.

The token’s price dipped 2.2% to $2.28, underperforming the broader cryptocurrency market, which saw a 1% decline. In contrast, Bitcoin (BTC) exhibited greater stability, losing just 0.3% during the same period.

This correction has introduced further uncertainty, but it also presents an opportunity for strategic investors to enter the market ahead of the anticipated breakout.

XRP has remained one of the best-performing altcoins, despite recent corrections. The token has experienced an impressive 400% price surge since November 2024, fueled by the broader cryptocurrency rally following the U.S. presidential election. This extraordinary performance has solidified XRP’s reputation as a leading digital asset with immense growth potential.

Crypto Hamster’s analysis highlights $3.85 and $4.50 as crucial price targets for XRP’s next breakout. These milestones are expected to play a pivotal role in shaping the altcoin’s upward trajectory.

If XRP successfully breaches these levels, it will not only reward current holders but also attract new investors seeking high returns in the volatile crypto market. XRP’s strong historical performance, robust technical patterns, and pivotal position within the cryptocurrency ecosystem make it a top contender for massive gains in early 2025. As the Bullish Pennant formation nears its conclusion, all eyes are on XRP to deliver on its potential for a parabolic rally.