Ripple’s XRP was unable to break through the resistance of $0.65. The asset experienced a spike in price on March. On March 11th, 2024 the asset’s price jumped from $0.61 per unit to $0.71 in a short time. XRP has grown slowly compared to the other cryptocurrencies despite its recent surge. The weekly chart shows XRP up 10.4%, the 14-day chart 17.2%, and the month before nearly 30%. XRP’s price has risen by 84% or more since March 2023.
XRP’s slow rise is probably due to Ripple’s ongoing suit with SEC. XRP also may not have reached an all-time peak in 2021 while other currencies did. Nevertheless, it is possible that this will soon change.
Ripple’s currency XRP reaches new record high
Leb Crypto is a crypto analyst who believes that XRP can regain its all-time 2018 high of $3.40 either before or after the Bitcoin (BTC), halving in April. A 400% increase would be achieved by reaching $3.40.
Some analysts, however, don’t see Ripple’s XRP as reaching a record high. Changelly The asset is expected to reach a price maximum of $1.16 by 2024. A 70.5% increase would be achieved if the asset reached $1.16 in 2024. Platform predicts that XRP will regain its highest price ever in 2027. It is predicted to reach a maximum of $3.53.
Also Read: Ripple XRP Predicted to Rally 383% And Hit $2, Here is When
Telegaon The platform is bullish about XRP and predicts that the asset will reach a price maximum of $2.28 by 2024. This would be a 235% increase from its current level. Platform does not expect XRP to regain its previous high until at least next year.
It is possible that Ripple’s high court will issue a positive ruling, which would lead to a rise in XRP price and adoption. If this is the case, XRP may reach a higher level sooner than Changelly and Telegaon had predicted.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru
