The price of Ripple’s XRP has taken several hits throughout this week. The asset dropped to a low of $0.506 following a weekly decline of 4.43%. XRP was trading at $0.575 at press time with no major fluctuations over the last 24 hours.
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XRP’s Performance and Future Predictions
Yearly Performance Review
Looking back at the year, XRP comparatively had a slow 12 months. The altcoin saw an 11.28% growth in the past year. XRP’s counterparts were seen hitting new highs and making immense progress. Despite this sluggish start, the altcoin could close the year better.
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How High Can XRP Surge By the End of 2024?
A panel of 29 fintech experts from Finder provided their predictions for the price of XRP in the future. They estimate that it will average $0.66 by the end of 2024.
However, certain panel members were overly optimistic about XRP’s potential. Sathvik Vishwanath, the CEO of Indian crypto exchange Unocoin Technologies, predicted that the altcoin would rise to a high of $1.50 by the end of 2024, which could mean a triple-digit surge for the asset.
Pessimistic Predictions
Not all predictions were positive. John Hawkins, a senior lecturer at the University of Canberra, was the most pessimistic of the panellists. He believes that the asset is only $0.30, which is 49.28% lower than the current price of XRP.
Changelly’s Forecast
Meanwhile, Changelly revealed that in the final month of 2024, XRP will trade around a high of $0.598. However, the possibility of the asset dipping to a low of $0.543 was also highlighted.
This forecast isn’t too far from the asset’s current price change, which isn’t good news for the altcoin.
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