Is XRP Dead? Is There Any Possibility of a Breakout? Will XRP Price Ever Reach $1? (2024)
Ripple (XRP) is among the tokens that are still carrying the losses incurred after the crypto market crash following the collapse of the Terra ecosystem. While the majority of the tokens led by Bitcoin recovered from the turmoil and marked a new ATH, the XRP price has failed to even regain 50% of it. Besides, the trading volume consistently remains around $1 billion, which suggests decent activity on the platform every day. This raises the question of why the XRP price is not increasing, even though traders continue to be interested in the token.
The XRP price maintained a rising parallel channel, which was broken down in the first few weeks of the quarter. Since then, the price has failed to reclaim the average levels at around $0.55 and as a result, the latest pullback has slashed the levels below $0.5. The price volatility has become more or less negligible and hence it suggests more downpours may follow the XRP price rally ahead.
The XRP price has broken down the rising parallel channel, as seen in the above weekly chart and is displaying no interest in reclaiming the positions. The red flag of the Ichimoku cloud is expanding, suggesting the growing dominance of the bears. On the other hand, the volume oscillator has slumped to levels not seen in the past two quarters. Hence, validating the possibility of slumping to new lows in the coming days.
Regardless of the bearish certainties, many analysts continue to remain bullish on XRP and believe it to be a good time to stack XRP. The recent SEC update has boosted optimism around the token. However, the token continues to sit at a critical support level of around $0.48, which indicates the continuation of a bearish trend to reach $0.4 until it does not surpass $0.58 and confirms a rise above the bearish influence.
This move may, however, validate a bullish rebound, but to reach the milestone at $1, the XRP price is required to surpass the crucial resistance zone between $0.85 and $0.9.
All things considered, Ripple's path to $1 by 2025 is based on solid developments and strategic growth. Investors should keep a close eye on this undervalued cryptocurrency. Don't be afraid to add a few Ripple tokens to your crypto portfolio at today's bargain-bin price.
David Cox, writing on the CryptoNewZ platform, anticipated that XRP could reach a high of of $1.53 by 2025, with a low of $1.06 for the same year. Another Ripple price forecast by AMBCrypto estimated the XRP price could hit a high of $2.01 in 2030, with a short term prediction of a high of $0.61 in 2024.
Cryptocurrency experts have carefully analyzed the range of XRP prices throughout 2024. For December 2024, their forecast is the following: the maximum trading value of XRP will be around $0.767, with a possibility of dropping to a minimum of $0.666. In December 2024, the average cost will be $0.717.
Cryptonewsz.com is even more bullish: it believes XRP will rise to $9.81 by 2030, which would turn a $10,000 investment into more than $196,000. But for XRP to turn a $10,000 investment into over $1 million, it would need to generate a 100-bagger gain. Even the most bullish forecasts fall short of those expectations.
While it's theoretically possible for XRP to reach this price, it would require substantial market shifts or a major supply reduction. If the project were to reform significantly to drive value to the XRP token, there is every chance that XRP could soar to new highs.
Can it reach 35k? Yes it can but it will take some time. My reasons for it is that Gold has a market capital of roughly $11T and Silver has a market capital of $1.3T right now. If XRP has the same market capital as Silver, it will be $26.
If the crypto market cap hits $3 trillion and XRP retains its current 1.10% dominance, its price could ascend to $0.589 by 2025. In a more bullish scenario of the crypto market surging to $10 Trillion, the price of XRP could soar to a staggering $1.96, resulting in a potential 4x return for investors by 2030.
XRP has had some major price swings in the past and according to crypto analyst Javon, something similar is about to occur. In an XRP price chart shared on social media by the analyst, the current price movement indicates that XRP surging to $200 is very possible.
Speaking to Forbes Advisor Australia, Grzegorz Drozdz, a market analyst at fintech firm Conotoxia said: “Investing in XRP is risky and may not be suitable for most investors due to the high price volatility and the difficulty in predicting future trends in the cryptocurrency market.
Finally, WalletInvestor is more optimistic, suggesting that XRP can reach around $0.586 in July 2023 before continuing some slow growth to trade at about $1.39 in July 2027.
However, we do predict that XRP will reach lows of $0.30 in 2024, along with highs of $0.98, should Ripple win its case against the SEC. The median price for XRP in 2024 is predicted to be $0.60.
XRP price prediction 2035: XRP's price for 2035 according to our analysis should range between $2594.25 to $3891.38 and the average price of XRP should be around $3242.81.
But it would be a mistake to expect skyrocketing prices in 2024, and $5 is an unrealistic target for the next few years. The true wealth-building gains will come in the long haul, as RippleNet expands to more countries and becomes more widely used.
Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.
Previously, they expected that in 2025 the price of Ripple would exceed $3. However, now the portal's analysts do not expect the price of XRP to be higher than $2.50 even by 2029. However, this does not mean that their outlook is negative. The XRP price will continue to rise throughout 2026, 2027, 2028 and 2029.
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