Ripple (XRP) is one of the leading cryptocurrency tokens in the space that has recently garnered heavy attention. The token has recently claimed the coveted $1 mark, marking its ascent into the Web3 bullish realm. While certain predictions made by analysts suggest XRP claiming the $2 mark, here’s how high the token may surge before the end of 2024.
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XRP Price Predictions: Analysts Take On High Can XRP Go?
Ripple is currently one of the leading cryptocurrencies to hold. The fact that XRP is trending on Google searches speaks volumes about its popularity in recent times.
Per Egrag Crypto, a notable crypto analyst, XRP has more in store for investors as it may soon break past the $1 price in the coming months. Per the analyst, the current price juncture is crucial for XRP as its current trading is in a psychological zone. The analyst dubbed the token current price pedestal as a “make or break” spot for XRP to trade in, as the trending maker momentum may either push XRP to claim the $2 mark or note a drop for the token to sit at $0.75.
#XRP: We Are in the Psychological Zone! ($2 or 0.75c): Right now, it’s make-or-break for #XRP! Either we fly high 📈 or face a major retest (0.75c) 📉. Let me break it down for you using key indicators on the weekly timeframe: 🛠 Indicators in Focus: 1⃣ SSMP Diagram. 2️⃣ Stock RSI. 3️⃣ RSI. 4️⃣ MAC📊 1) SSMP Diagram: ▶️Key Level: $0.75 is absolutely CRUCIAL. It was the pump zone before, but now it’s the level we must hold!. If $1 doesn’t hold strong 💪 with a weekly open and close above it, my next target shifts to $0.75.”
Similar to another notable cryptocurrency analyst, Dark Defender has also referred to XRP as a token in a blossoming phase. He shared how XRP will continue its momentum ahead, which may help it hit ambitious price highs soon.
“I expect the correction to last a few days. Not weeks or months. It will be too short. $XRP will continue the momentum. You might not believe this, and it might seem artificial, but it is not: We have a golden target of $13.085 (NFA), which became crystal clear yesterday. Strange, isn’t it? The melting process will continue.”
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How High Can The Token Go Before The End Of 2024?
Per CoinCodex, the technical platform predicts XRP to hit the $0.73 mark, note a significant drop, otherwise dubbed a retest before surging to $2 in 2025.
The portal also predicts the token to hit the $3 mark by April 2025 and ultimately trade around $2 by May 2025.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 116.98% and reach $2.43 by May 18, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 83 (extreme greed). XRP recorded 19/30 (63%) green days with 28.24% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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