The world has been quite hard on XRP. But the aforementioned narrative is now changing as XRP inches towards claiming a new price threshold. Ripple is marching towards robusting its price momentum, and has already started to show its mettle on various leading crypto platforms. Here’s how Ripple may fare this August 2024
Also Read: Ethereum ETFs Approved: Here’s How High ETH May Trade This August
Ripple Outperforms Bitcoin, Ethereum, And Solana
Ripple (XRP) is now establishing its own price pace as the token is currently trading at a minimal yet stable price level. At press time the token is sitting at the $0.60 price level. Dubbed a crucial price threshold for XRP, if Ripple manages to break this barrier, the token can adapt to a healthy price pace.
Per recent stats, XRP has recently outperformed Bitcoin, Ethereum, and Solana on major crypto exchanges. A notable crypto analyst Jack the Rippler took to X to share the news, adding how XRP has outpaced leading cryptos by volume.
“BREAKING: #XRP outperforms Bitcoin, Solana, and Ethereum on volume change across major exchanges such as Binance, Coinbase, and Kraken! This is just the beginning! “
The remarkable XRP metrics spike was noted on exchanges like Binance, Coinbase, and Kraken.
At the same time, various social media posts are also promoting XRP as the next SWIFT system. A post that comprises the comments of the MasterCard CEO is making rounds on X.
In the post MasterCard chief Michael Miebach claims that SWIFT will not exist in five years. The post was uploaded by the analyst again with additional comments suggesting how XRP ledger can be the next SWIFT system.
If XRP continues to hold the traction, the token can break into a bullish streak, claiming new possible price highs in the second half of the year.
Ripple (XRP) Price Forecast
According to Changelly, XRP may spike to trade at $0.76 by the end of August 2024.
“Crypto analysts expect that at the end of summer 2024, the XRP price will be around $0.682. In August 2024, the XRP cost may drop to a minimum of $0.597. The expected peak value might be $0.768 in August 2024.”
Also Read: Elon Musk Predicts The Future Of The US Dollar
At the same time, the analysts were quoted saying how Ripple may end the month of July on a new price ATH of $0.69
‘Crypto experts have analyzed XRP prices in 2024, so they are ready to provide their estimated trading average for July 2024 — $0.694. The lowest and peak XRP rates might be $0.593 and $0.796.”