How Close Is The Token To $1?

25 June 2024

in XRP

Reading Time: 4 mins read

Ripple XRP is one of the most speculated tokens in the history of the cryptocurrency sector. The token has long been trading at a bearish level of $0.55, unable to break past the barrier to charge forth with power and grace.

With Ripple forging significant global alliances across the globe, the price of XRP is yet to project a positive price display. The mayhem has been causing a wave of concern within the XRP community, urging its members to ask the perennial questions of how close XRP is to touching its ambitious $1 dream.

Also Read: XRP To $7.5? Analysts Breakdown Pattern Indicating Rally

XRP ETF, Ripple vs SEC: Price Action Ahead

Ripple Analyst Says XRP Closing Above This Level Is Bullish: Can It Hit $1 In May?

The talks of XRP ETF have fueled the speculatory bandwagon as of late. In recent interviews, Ripple’s CEO Brad Garlinghouse was noted discussing the possibility of launching XRP ETF, which could soon revolutionize the cryptocurrency world, if it becomes a reality one day.

With an XRP stablecoin already under work, the price of Ripple is bound to undergo elemental price changes shortly.

However, the current price pace that XRP has adopted is casting a negative projection on the minds of XRP enthusiasts. In such stark times, several crypto analysts have stirred up hope, adding how XRP is gearing up for the long haul, despite showing abrupt price breaks and barriers.

Per Egrag crypto, XRP is yet to portray its bullish price trajectory which the token has been discreetly preparing for long.

However, the price of XRP could change significantly if a positive response is delivered concerning its ongoing case with the US SEC.

XRP Weekend Forecast

Per CoinCodex, XRP may gain 14% by June 30, 2024, to trade at an average price of $0.56. By July first week, XRP is expected to gain an additional 5% to trade at a price level of $0.58

Also Read: Shiba Inu: SHIB Poised To Surge 56% To $0.00003267: Here’s When

“The price of XRP is predicted to rise by 20.72% and reach $ 0.580652 by July 24, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 51 (Neutral). XRP recorded 11/30 (37%) green days with 3.68% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”

When Will XRP Hit $1?

Per CoinCodex, Ripple can expect to gain its $1 mark by the end of 2024.

“XRP is forecasted to trade within a range of $ 0.30385 and $ 1.490564. If it reaches the upper price target, XRP could increase by 213.17% and reach $ 1.490564.”

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