The cryptocurrency markets seem to be stagnating over the last few days. After briefly crossing the $44k earlier this month, Bitcoin (BTC) has pulled back to around $41k. Ripple’s XRP token is also displaying a similar pattern. However, investors hope the markets will rally on Christmas day.
According to Changelly, XRP’s price could surge to $0.71 this Christmas. The price increase would translate to a growth of around 18.3% from current levels. Moreover, the platform anticipates Ripple’s XRP to continue surging for the rest of the month, hitting $0.80 on Dec. 30, a price increase of nearly 33% from current levels.
Also Read: Ripple XRP Forecasted To Surpass its ATH of $3.40, Here’s When
CoinCodex also paints a bullish picture for XRP for the rest of this month. According to the platform, XRP could reach a price of $0.68 on Christmas day, rallying by about 13.3% from current levels. Moreover, the platform expects XRP to hit $0.78 on Dec. 31, 2023, rallying around 30% from current prices.
Goldman Sachs Executive bullish on Ripple’s XRP
In a recent podcast, former Goldman Sachs executive Raoul Pal revealed that he is bullish on XRP. Pal said that his stance on XRP is an opportunity of a lifetime. He stated, “When you see something like that, it’s like, ‘Okay, now the price has been massively discounted. We know it’s a real thing, half the people have been shut out of the market, this is the opportunity of a lifetime.’ So that’s when I bought it. And I’ve held it ever since.”
Also Read: Ripple XRP Could Rally 90%, Hit $1.20 By 2023 End: Says Analyst
Pal is currently the CEO (Chief Executive Officer) of Real Vision. He predicted the U.S. mortgage crisis of 2008 and also served as the co-head of European hedge fund sales in equities and equity derivatives at Goldman Sachs in London.