Ripple has been acknowledged widely for its incredible price momentum and future trajectory. Despite the token being embroiled in a war with the SEC, XRP continued to impress the masses by keeping its trajectory steady for a long time.
With Ripple forging new alliances across all leading verticals and sectors, XRP’s prominence has slowly been seeping into new corporate grounds. The gradual rise has been contributing to XRP’s slow yet steady pace. Per CoinMarketcap, XRP has noted a spike of 18% in the past month. The token is also up 4% in the last 24 hours, trading at $0.6264.
The crypto community is holding on to the token’s bull run explosion, with XRP hitting critical milestones. Several analysts on X have brought forth interesting predictions concerning XRP. While some project it to cross $1 soon, others have predicted its sharp price rebound, helping the token breach past the $5 mark.
Also Read: XRP Echoes Its 2017 Nostalgic Bull Ride: Can It Breach $1 Soon?
Ripple Price to Cross $6?
Several analysts have predicted that XRP will cross the $1 mark soon. Milky Bull, a notable crypto analyst, has shared how XRP can soon cross critical price thresholds, triggered by positive market sentiment and a bull run. The analyst later backed his prediction by sharing a price graph, adding how XRP recently crossed a critical price conjuncture.
The graph outlined XRP crossing a crucial price threshold, breaking past barriers and resistance in its wake. Per the chart, XRP has now “retested” and may ascend to new price pedestals soon. Per the analyst, XRP may soon hit a new price level between $1 and $6.
Egrag Crypto, a notable crypto analyst, has proposed a new theory suggesting that Ripple is primed for a significant price breakout.
The analyst shared how the XRP Cycle Top may occur around July 1, which may catapult its price to new highs.
Also Read: XRP to the Moon? Will Ripple Steal Ethereum’s Crown Amid SEC Drama?
XRP Price Prediction for April
With positive price predictions rife within the crypto community, CoinCodex has come up with a new development based on technical metrics and historical patterns.
The platform predicts a bullish run for XRP, adding that it can cross $0.68 by April, continuing its gradual yet steady price pace.
“The price of XRP is predicted to rise by 7.27% and reach $0.689459 by April 25, 2024. Per our technical indicators, the current sentiment is bullish. While the Fear & Greed Index shows 81 (extreme greed). XRP recorded 18/30 (60%) green days with 5.48% price volatility over the last 30 days.”
For XRP to cross the ambitious $1 mark, CoinCodex predicts that the token may cross $1 by the end of 2024.
“XRP is forecast to trade between $ 0.445980 and $ 1.772809. If it reaches the upper price target, XRP could increase by 174.53% and reach $1.772809.”