Ripple XRP is among the most promising crypto coins in the cryptocurrency sector. The token has been battling an intense legal battle with the SEC. Despite its ongoing war with the US financial giants, the token has largely remained unfazed and has gathered significant community support in the meantime.
However, its sluggish price ascent has been a cause for concern among investors. Per CoinMarketcap, XRP has risen 8% in the last month compared to its contemporaries, who have been climbing and breaching new all-time highs.
The token is up 4% at press time, sitting at $0.6043, fueling hopes for a sharp price rebound in the coming weeks.
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XRP: When Will It Hit $1?
The XRP community is dubbed one of the most loyal crypto communities in the market. The token’s fans have been reeling in hopes that XRP will soon catch up to its pace and match it with other leading crypto giants.
The XRP candlestick chart has also been projecting a positive price ascent of the token. Egrag Crypto, a notable XRP enthusiast and expert, has predicted its sharp price rise in the near future.
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“The historical data reveals two crosses between the Yellow Line (20 SMA) and Blue Line (50 SMA). A) If this resembles Cycle ‘A’, then we could expect a rapid and aggressive price surge, akin to a rocket ship-style pump.”
However, the analyst later noted that XRP may break into a new trend altogether.
“However, if this aligns more with Cycle ‘B’, then we have likely surpassed that scenario, as there are no evident similarities in the patterns between the 20 SMA and 50 SMA. Alternatively, this might be something entirely new and unexpected.”
Analysts at Coincodex have different opinions. Based on the current market pace of Ripple, CoinCodex forecasts XRP to hit $1 by the end of 2024.
“XRP is forecast to trade within a range of $0.422731 and $1.690632. If it reaches the upper price target, XRP could increase by 181.61% and reach $1.690632.”
XRP Weekend Price Prediction
Similarly, while the $1 milestone might be a little far to reach at the moment, Ripple may soon hit new price thresholds. Per CoinCodex, the token can breach the $0.65 price mark by March 26, 2024.
“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 $0.684793 on March 28, 2024, gaining 12.31% in the process.”
Similarly, the platform later adds that the current market momentum for Ripple is currently neutral.
“According to our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 78 (extreme greed). XRP recorded 16/30 (53%) green days with 7.05% price volatility over the last 30 days.”