XRP Surges to $1.50 as Analysts Predict Price Stability Above $1
Ripple’s XRP has traded below $1 for nearly three years, primarily due to legal challenges from the US Securities and Exchange Commission (SEC). Despite a brief surge after Donald Trump’s election, XRP struggled to maintain its price above $0.57. On November 16, the altcoin surged by 14.72%, hitting the $1 mark.
As of one week later, XRP is trading at $1.50, briefly reaching $1.62 on November 23. Analysts are optimistic about XRP's future, with some predicting it will not drop below $1 again. A notable prediction from the Twitter/X user “Bearable Bull” stated that the market would never see XRP go below $1 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
XRP started the year at $0.61 and remained between $0.50 and $0.60 for several months. Following a recent rally, XRP broke the $1 level on November 16. Previously, XRP last held above this price in December 2021 when it fell to $1.96. Analysts now view the $1 price as a consolidation base for further growth.
XRP’s Price Will Not Look Back To $1 – Analyst
The recent price rally has garnered attention from analysts. Bearable Bull shared insights on Twitter/X, claiming the community will not see XRP revisit the $1 mark. Other analysts echoed this sentiment, suggesting the token has consolidated its base.
Nonetheless, some analysts caution that it may be premature to assert XRP will not dip below $1 again. After reaching a high of $1.267 on November 16, XRP experienced a minor correction but remained above $1.
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
Market optimism regarding XRP's performance persists. Pro-Ripple lawyer John Deaton anticipates continued bullish momentum, predicting a return to a $100 billion market cap.
I think $XRP is probably going to make new ATH a lot quicker than most are expecting- and I think it’s going to vastly outperform both $BTC and $ETH from current levels while doing it.
XRP/ETH just reclaimed and retested a 4 year long range, with the first target being ~250%… pic.twitter.com/fLYlH2GEYB
— CrediBULL Crypto (@CredibleCrypto) November 21, 2024
“CrediBULL” predicts XRP will reach new all-time highs soon and could surpass the performance of Ethereum and Bitcoin. Over the past three months, XRP has increased by 125%, outpacing Ether's 20% and Bitcoin's 51% increases.
Featured image from iExpats, chart from TradingView