Ripple: Will XRP Break The $0.50 Price Mark This Weekend?

Juhi Mirza
Source – Watcher Guru

XRP is still levitating, hovering around the $0.40-0.47 price range, which has lately been a cause of debate among several crypto analysts. Despite Ripple’s stellar spree of alliances across the globe, XRP is yet to encounter the bullish price actions that the crypto longs to see and embrace. With the talks of XRP ETF in the mix, the market is still projecting Ripple to follow the bullish pace and ascend to new highs very soon.

Also Read: XRP To $7.5? Analysts Breakdown Pattern Indicating Rally

XRP to $50?

Ripple (XRP)
Source: WatcherGuru

Notable crypto analyst Egrag Crypto has come up with an intriguing price prediction for XRP again. In his latest post uploaded on X, the crypto expert pointed out Ripple’s future price path and how it has been constantly evolving to accommodate new changes. The expert shared that XRP is entering a bullish triangle phase and that XRP will soon show significant price action.

While motivating his audience to stay positive amidst the current XRP price pace, the expert shared a spree of positive price predictions to keep XRP enthusiasts hopeful in the long haul. The crypto maestro pointed out how XRP enthusiasts will soon hope for Ripple to touch the $100 price mark, as the crypto is bound to touch $50 once it wraps up its legal proceedings.

“In the future, newbies will say #XRP is stagnant around $50 instead of $0.50. They will say #XRP only pumped from $50 to $200. They will never comprehend seven years of conviction and dedication.”

Weekend Price Forecast for Ripple

As hopeful as these price predictions may be, several crypto analytics platforms tell a different story. Per Coincodex, XRP’s spike to $0.50 is very much possible, as the platform predicts Ripple to cross $0.50 and trade at the $0.62 price mark by June 24.

The $0.50 price range is currently a critical price juncture for XRP to breach. Once it crosses the $0.50 price mark, ripple can show significant price action after crossing the aforementioned price threshold.

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According to CC, XRP may surge 20% by the end of June to trade at the $0.61 price mark.

“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.59% and reach $0.616361 by July 17, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 71 (greed). XRP recorded 13/30 (43%) green days with 3.56% price volatility over the last 30 days.”