XRP price saw a notable increase, briefly touching its 2024 yearly high of $0.74 amid Bitcoin's slowing bullish momentum. The altcoin noted a significant 13.42% rise and is anticipated to potentially double in value by year-end. Currently, XRP has been consolidating between $0.45 and $0.65 for most of the year, but signals suggest a strong upward trend following a recent breakout from a downtrend in its relative strength index (RSI). Analyst Mikybull pointed out that XRP is positioned for a substantial rally, referring to a potential 'god candle' that could push the price to $2. Additionally, XRP’s community engagement is on the rise, indicated by a spike in discussions correlated with recent price movements. Current open interest in XRP is reported at $1.20 billion, suggesting increasing demand for leveraged positions. While a slight correction may occur as market funding rates stabilize, there appears to be strong bullish momentum heading into the last weeks of 2024.

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