Sokipiriye Dokubo
XRP has been gaining attention lately, mainly due to its gradual price movements amidst the thriving crypto bull market. Despite the overall crypto surge, XRP hasn’t experienced a significant upward momentum yet.
While Bitcoin hovers around $70K, XRP has seen a modest 1% increase in the last 24 hours. The announcement of Ripple’s stablecoin development has provided some traction, but XRP is still struggling to break into a bullish trend.
Despite investor doubts, several crypto platforms are instilling hope within the XRP community, predicting bullish scenarios for the altcoin, with expectations of surpassing the $2 mark soon.
When Can We Expect XRP to Hit $1 to $2?
XRP’s slow pace has led to skepticism among Ripple supporters, with many expressing frustration over its lethargic movement.
Addressing the speculation, prominent crypto analyst Egrag Crypto shared a recent XRP candlestick chart, suggesting that the token’s movement aligns with expectations.
The chart illustrates Ripple’s gradual progress, showcasing its resilience compared to other cryptocurrencies, as it maintains stability without significant dips or declines.
According to Changelly, XRP is forecasted to reach or exceed $1 by 2026, with a projection of trading at or below $0.75 by the end of 2024, based on technical indicators.
Once XRP crosses the crucial $0.75 barrier, it’s anticipated to enter a bullish phase, potentially reaching $2 by 2027, and stabilizing its momentum thereafter.
CoinCodex shares a similar outlook, predicting XRP to trade at $1.25 by 2025.
Additionally, the current prediction for XRP by 2025 ranges from $0.372431 to $1.843322, indicating a potential gain of 205.28% if it reaches the upper target.
Forecast for the End of April
With Bitcoin’s halving event influencing market dynamics, altcoins like XRP are expected to regain lost value and momentum. The announcement of Ripple’s stablecoin has generated optimism, fueling expectations for XRP’s success.
According to CoinCodex, XRP could see a 12% increase by May 8, 2024, reaching $0.669400. However, market conditions and sentiments can always impact these predictions, highlighting the need for caution in financial decisions within the crypto space.