AI sets XRP price for December 5, 2024

Ripple’s cryptocurrency XRP saw a massive increase over the weekend. The altcoin managed to become the third largest cryptocurrency as its market capitalization rose to a high of $142 billion. The cryptocurrency managed to beat other assets such as Solana (SOL) and Tether (USDT). The price of the altcoin also followed suit. However, the real question is whether XRP can continue this rise and reach a high of $3 this week.

Also read: Dedollarization: Trump promises 100 percent tariffs for nations that abandon the US dollar

The recent rise of XRP

According to recent data, XRP was trading at $2.41 at press time, having surged 27% in the past 24 hours. Additionally, the asset saw a 60% increase over the weekend. It should be noted that the altcoin rose to a high of $2.49 during this period.

Despite the recent price increase, XRP remains 36% below its all-time high of $3.84. This peak was reached about seven years ago. Given the legal battle with the US government, the community has been quite hopeless about the asset’s potential growth in recent years. But the asset’s recent rise has raised the possibility that XRP could rise as high as $4.

Also Read: Ripple: New Price Prediction Expects XRP to Hit $18: Here’s How to Find Out When

AI price prediction

The community has been waiting to see a significant increase in the price of the altcoin. According to data from CoinCodex, XRP will see a slight price decline in the next few days. The asset is trading at $2.31 on December 5th.

In addition, the daily XRP volume is also increasing sharply. The asset’s volume currently stands at $30.81 billion, having surged 160% in the last 24 hours.

Also Read: Shiba Inu Approaches Yearly High: Will SHIB Hit $0.00004 Next?