- Ripple (XRP) is predicted to reach $2.25 by December 20, 2024, and end the month at around $1.72.
- Cardano (ADA) is forecasted to hit $1.23 by December 20, 2024, and surge to $1.36 by the end of December 2024.
- The appointment of Paul Atkins as the new SEC chair is considered bullish for XRP and the overall cryptocurrency market, potentially helping resolve the XRP-SEC legal battle.
The cryptocurrency market in December 2024 is abuzz with anticipation as Ripple (XRP) and Cardano (ADA) are set to reach new heights. Boosted by the current market momentum, both tokens are predicted to achieve unprecedented highs. The question on everyone’s mind, however, is just how high these two tokens will soar by mid-December 2024.
Ripple XRP Price Forecast – A Rise to Remember
The cryptocurrency Ripple XRP is currently racing ahead in the market. Its upcoming launch of the stablecoin RLUSD is adding to the market’s momentum. On top of this, financial powerhouses such as Canary and Wisdom Tree have shown interest in launching an XRP ETF, aiming to provide their clients with exposure to XRP. This has further added credibility to the token and fortified its position in the market.
The change in the US political landscape, with Trump assuming the presidency, has further bolstered the market’s momentum. With the appointment of Paul Atkins as the new SEC chair, it is hoped that the longstanding legal issues between XRP and the SEC will finally be resolved. According to CoinCodex, XRP may achieve a price mark of $2.25 by December 20, 2024.
source: coingecko
Cardano ADA Price Forecast – A New Spotlight Beckons
Cardano ADA is once again in the limelight, with predictions of a new price high this month. Currently priced at $1.19, ADA has experienced a slight dip of 0.85% in the last 24 hours. The appointment of Paul Atkins as the new SEC chair has greatly improved the market’s momentum. The subsequent surge of Bitcoin past the $100K mark has paved the way for other altcoins like Cardano to forge ahead.
Recent trends have shown a remarkable surge in Cardano’s price, with the token experiencing a 14% increase in the last week and a massive 233% surge in the last month. Per CoinCodex, ADA could reach a new price of $1.23 by December 20, 2024, and possibly surge to a stable price level of $1.36 by the end of December 2024.
Conclusion
The current predictions for Ripple XRP and Cardano ADA are nothing short of promising. With both tokens expected to reach new highs by mid-December 2024, it’s an exciting time for investors. The market’s momentum, coupled with significant developments in both tokens, suggests that now could be an opportune time to invest in these cryptocurrencies. As always, potential investors are advised to conduct thorough research and seek advice from a licensed financial advisor.
