It’s been a while since we’ve seen notable price action documented by ripple XRP, one of the prominent cryptocurrencies in the space. The token has shown a sluggish price pace over the past six months, inching slowly towards its $1 goal. With considerable to-and-fro involved, XRP has finally noted a striking 40% hike in its price, prompting analysts to issue several price predictions for the token.
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Ripple XRP $0.75 Breakthrough
XRP is showing signs of a gradual ascent. The token has finally come out of its dormant zone to trade at the $0.60 price level at press time. With Bitcoin surging to $64K, the crypto market has come out of its sluggish zone to help leading coins reclaim their lost valuations.
According to Egrag Crypto, the XRP $0.60 price move marks a significant step in its quest to breach the $1 target. XRP still needs to break through the critical price juncture of $0.75 to be able to deliver major returns to its holders. The analyst pointed out how the $0.75 price mark is crucial for XRP; adding anything below $0.75 is merely market noise.
“#XRP is on the move: If it closes above 0.65c, it sets the stage for a breakthrough above 0.75c. Anything below 0.75c is just market noise.”
The rumors of the SEC vs. Ripple case finally coming to an end were also rife on Crypto X, triggering buyers’ demand for XRP. This in turn helped the token claim its $0.60 price mark, fueling hopes for the token to hit its coveted $1 mark.
Price Prediction for the Weekend
According to CoinCodex, this week ushers in a significant price action for XRP. CC shares that the token can surge up to $0.89 by July 20, 2024. The platform later adds that XRP can average around $0.76 by July 24.
“The XRP price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these XRP projections, XRP will be changing hands at $ 0.744584 on July 24, 2024, gaining 18.05% in the process.”
However, the momentum can yet again catch pace around August 16, when XRP is predicted to trade at the $0.76 price mark.
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“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.95% and reach $0.762857 by August 16, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). XRP recorded 17/30 (57%) green days with 6.72% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”