The market-wide surge, which may have been sparked by Donald Trump’s victory in the US presidential election, appears to be extending to Ripple’s XRP token. Bitcoin (BTC) surged to a new all-time high of $81,800 following Trump’s victory, and other cryptocurrencies followed suit.
Also Read: Massive 56% Gain Puts Shiba Inu on Track for a New High
XRP is up 10.7% from the previous month, 3.8% from the daily charts, 17.1% from the weekly charts, and 15.4% from the 14-day charts. Even after the surge, XRP has lost 9.4% since November 2023. Despite the outstanding rally, XRP is still unable to break through the resistance level of $0.60.
Can XRP Hit $1 This Month?
CoinCodex researchers predict that Ripple’s XRP currency will reach its highest price of $0.79 this month, which it might do on November 15, 2025. The asset is expected to see a correction shortly after, falling to $0.62 by December 5, 2024, according to the platform.
Also Read: After Massive Surge, Dogecoin On Path to $1?
Changelly analysts also paint a similar picture for XRP. The platform anticipates the asset to hit $0.790537 on Nov. 14, 2024, before dipping to $0.673869 the next day.
Ripple’s XRP has had difficulty gaining traction in recent years despite its global popularity and the settlement of its case with the SEC. From its peak of $3.40, reached in January 2018, more than six years ago, the asset has dropped 82.6%.
When Will The Asset Hit $1?
Hitting $1 from current price levels will require a rally of about 69.49%.
According to Telegaon, XRP could breach the $1 mark this year. The platform predicts the asset to trade at a maximum price of $1.28 in 2024. Despite the positive forecast, the platform does not clarify when XRP could hit $1.28.
Also Read: BRICS Reject Single Currency Plan Amid Backtrack on US Dollar
Changelly analysts, on the other hand, predict XRP will breach the $1 mark in 2025. The platform anticipates the asset to trade at a maximum price of $1.18 next year.
