Categories: Crypto

Crypto Crash Rinses Recovering XRP Price: Can XRP USD Hit +69% In December?

Crypto holders must have “god-level” conviction and HODL, riding through the current turbulence. It applies especially to XRP holders. The XRP price is melting when writing, and over the last month, there is nothing to smile about.

To put it in numbers, the XRP price is down -18% in the last month, slashing year-to-date gains to less than +10%. In the last 24 hours, like Bitcoin, Solana, and some of the best cryptos to buy, XRP crypto is sliding, losing nearly -7%.

(Source: Coingecko)

At this pace, will the trend change? Is the XRP USD price oversold? Time for a near 2X spike to post-October 10 levels?

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Crypto Crash Rinses Recovering XRP Price

XRP crypto could be among the top 5 by market cap, buoyed by deep liquidity and a vibrant community; however, even with this, the XRP price has been gradually losing value.

From the XRP USDT daily chart, it is clear that sellers are in the driving seat. Following the drop on October 10, the XRP price has been moving inside a descending channel, printing lower lows.

Even though there have been instances of strength, sellers quickly flew in, capping gains.

As an illustration, the XRP USD price bounced sharply from around $1.8 on November 20. Although there were higher highs, gains of November 24 were climactic as the XRP USD price flat-lined in late November before dropping to spot rates.

If Ripple buyers are to take charge and begin unwinding losses of October 10, there must be a high-volume surge above $2.3, confirming gains of November 24, and breaking above the chop of late November.

In that event, the XRP price could even expand to as high as $2.7 and eventually reclaim $3.

On X, one analyst said, despite the sell-off earlier today, the “macro structure from the past 12 months of accumulation” is still intact.

https://twitter.com/ChartNerdTA/status/1995428964823961980?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank

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Can XRP USD Hit +69% in December?

This bullish preview is not something that can be dismissed. Like some of the top Solana meme coins to buy, XRP tends to rapidly surge in the last quarters of the year.

Although it ended November down -13%, it surged +281% during the same period in 2024 before adding another +7% in December. Historically, XRP crypto tends to add roughly +69% in the last three months of every year.

(Source: Steph_iscrypto, X)

Will this print out in 2025? So far, the XRP price closed in the red in October, losing over -11% before extending losses and shedding another +12% in November.

If the XRP USD price is to tick up and average +69% from spot rates, the coin must break above all-time highs and close above $3.8 by the end of the month.

And traders appear ready for this turnaround. Smart traders on Binance and OKX are stacking. The long/short ratio, which compares the number of long and short positions, is above two, signaling confidence.

(Source: Coinglass)

Aside from traders, institutions have been loading up on spot XRP ETFs offered by companies such as Canary, Bitwise, Franklin Templeton, and Grayscale. Since November 13, there have been no net outflows. So far, spot XRP ETF issuers control over $687M of XRP-backed shares.

(Source: SosoValue)

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