As XRP continues to keep up with the rest of the cryptocurrency sector in terms of bullish sentiment that has seen the entire market’s capitalization surpass $2.5 trillion, finance experts have shared their views of where the price of the currently sixth-largest asset could end up in 2024.
Indeed, although the XRP token did not have an impressive start to the year, it has eventually caught up with the wider sentiment and started making more serious advances, and many finance analysts agree it could continue to grow its price this year, with their predictions ranging between $1.24 and $3.30.
XRP year-end predictions. Source: Finder
#2 Dark Defender: $2
Meanwhile, renowned pseudonymous crypto expert Dark Defender has set the price of XRP at $2 for this year, taking into account the fact that the relative strength index (RSI) for the Bitcoin-XRP trading pair on the weekly chart matches the one from the 2017 and 2021 bull runs.
RSI for the #XRP/#BTC pair in the weekly time frame stands in the same place as it did before the 2017 & 2021 XRP Bull Runs.RSI tells us, the 2024 Run is here. pic.twitter.com/M9dSKncSfN
— Dark Defender (@DefendDark) February 19, 2024#3 EGRAG CRYPTO: $3.30
Finally, another popular pseudonymous crypto analyst, known on the X social platform as EGRAG CRYPTO, has recently shared an analysis that sees XRP moving towards $107 after first crossing $3.3 in 2024 and warning that “very soon, buying below the $1 mark will be a dream,” in an X post on March 5.
XRP price action analysis and prediction. Source: EGRAG CRYPTO
XRP price analysis
For now, XRP is changing hands at the price of $0.621, recording a 3.66% increase in the last 24 hours, gaining 4.31% across the previous seven days, and advancing 24.26% on its monthly chart, according to the latest information retrieved on March 7.
XRP 30-day price chart. Source: Finbold
Ultimately, the above experts’ predictions for XRP could, indeed, prove correct as long as it continues to follow its bullish path and especially if the court battle between the United States Securities and Exchange Commission (SEC) and Ripple ends favorably for the blockchain company.
That said, things in the cryptoverse can sometimes change on a whim, which is why it is essential to carry out one’s own detailed research and weigh all the potential risks before investing a significant amount of money into any asset, be it crypto, stocks, real estate, or anything else.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
