As a seasoned researcher with over two decades of experience in the crypto market, I have witnessed numerous bull runs and bear markets. The recent surge in Ripple’s XRP has piqued my interest, especially since it has been trading below $1 for nearly three years.
For approximately three years, Ripple‘s XRP has been trading below the one dollar threshold, largely due to legal actions brought forth by the U.S. Securities and Exchange Commission (SEC). Even during the brief bull market following Donald Trump’s election, XRP showed little momentum, struggling to hold onto its $0.57 value. However, on November 16th, there was a significant surge in the altcoin that propelled it to reach the one dollar price point, marking an increase of 14.72%.
A week from now, it’s predicted that XRP could be trading at around $1.50, reaching as high as $1.62 on November 23rd last year. Many experts believe that the price of XRP will continue to rise rather than fall, with a well-known Twitter user in the XRP community suggesting it won’t dip below $1 again.
On November 23rd, a well-known financial advisor, also known as “The Bearable Bull,” confidently asserted on Twitter/X that the value of XRP would not dip below $1 ever again.
We Will Never See XRP Go Below $1 AGAIN
— The Bearable Bull (@thebearablebull) November 23, 2024
$1 As XRP’s Base For Further Growth
2021 saw Ripple’s XRP commencing at approximately $0.61. For the subsequent months, its value fluctuated between roughly $0.50 and $0.60. Contrary to Bitcoin and other cryptocurrencies that experienced a surge in value following Donald Trump’s election, XRP’s price trend remained relatively slow.
Just a few days past, the value of XRP started to climb, eventually surpassing the $1 mark on November 16th. The last time Ripple’s XRP stood at this level was in December 2021, when it dropped to $1.96. For numerous market experts, the current $1 price is seen as a foundation for stabilization and future growth.
XRP’s Price Will Not Look Back To $1 – Analyst
The surge in XRP’s price has piqued the interest of numerous financial experts and market watchers. Among these analysts is The Bearable Bull, a well-known figure in the cryptocurrency community on Twitter, who shared his intriguing perspectives about XRP’s price fluctuations.
In a popular Twitter/X post attracting 94.7K views, Bearable Bull expressed that the community should not anticipate XRP returning to the $1 mark. Similar perspectives were echoed by other analysts, who noted that the token seems to have established a stable position.
Although some analysts have expressed tentative optimism, suggesting that it’s premature to assume XRP won’t drop below $1 again. Notably, on November 16th, XRP reached a peak of $1.267. The day after, there was a slight price adjustment, but XRP managed to stay above the $1 mark.
XRP soon will achieve a $100B market cap. Times are changing.
— John E Deaton (@JohnEDeaton1) November 22, 2024
Bold Predictions On XRP’s Future Price
The enthusiasm towards XRP’s price trend remains strong up to now. In fact, a legal advocate favoring Ripple, John Deaton, anticipates this upward momentum to persist, with the coin potentially regaining its $100 billion market capitalization value.
It seems to me that the new All-Time High for XRP could be reached much more swiftly than many people anticipate, and I believe it has the potential to significantly surpass both Bitcoin (BTC) and Ethereum (ETH) in performance starting from their current prices.
XRP/ETH just reclaimed and retested a 4 year long range, with the first target being ~250%…
— CrediBULL Crypto (@CredibleCrypto) November 21, 2024
Additionally, CrediBULL predicts that the digital asset will soon reach a new record high. He also suggested that XRP could potentially outperform both Ethereum and Bitcoin in terms of growth. As per recent price trends, it has already seen a rise of 125% over the past three months, which is more than Ether’s 20% increase and Bitcoin’s 51% gain during the same period.
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2024-11-25 00:04