Ripple’s native token XRP is among the top-performing cryptocurrencies of 2023. The token rallied from a low of $0.37 in January to a high of $0.57 in March. That’s an uptick of nearly 53% in 90 days giving investors significant returns in Q1. XRP has retraced in price over the past few days but it is consolidating at the $0.50 level. The cryptocurrency remained in the green for 11 consecutive days early this month, attracting bullish sentiments from investors.
The XRP community is keen to push the token towards $1 and believed it could be possible if Ripple wins the lawsuit against the SEC. Now that the stage is set for $1, will the token reach there this year? Let’s find out!
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Ripple: XRP Could Reach $0.80 After Rising 47%, Predicts Analyst
Leading cryptocurrency analyst Ali Charts has predicted that XRP could break out in price soon. The analyst shared a chart suggesting that if the 3-day candlestick closes above $0.54, XRP could catapult in price further.
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According to a recent price prediction from Ali_Charts, XRP could surge another 47% from its current price of $0.50. He forecasted that a successful 3-day candlestick breakout could trigger a rally and push XRP to reach $0.80.
“XRP may be on the brink of a 47% surge if it secures a 3-day candlestick close above $0.54. A successful breakout could catapult XRP to $0.80!” he predicted.
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However, he did not mention if the token will hit the $1 mark in the next leg after reaching $0.80. We will have to wait and watch if his prediction turns out to be accurate in the coming weeks. At press time, Ripple’s native token was trading at $0.50 and is down 3.1% in the 24-hour day trade. XRP is also down 85.03% from its all-time high of $3.40, which it reached in January 2018.