XRP is continuing to trade at $0.5036, maintaining its current momentum of remaining above $0.5. The safety net has been set by the community at $0.4, and a dip below that will allow for a free fall to $0.3 or $0.2. That is doubtful in light of the community members’ optimistic predictions that the price of XRP is increasing and will rise above $1 by the end of this year or the beginning of next.
The short-term goal for XRP
XRP’s short-term goal is to reach the $0.6 milestone. That is feasible because there is conjecture that XRP will soon surpass the $1 peak. If Ripple’s token can stay around $0.5 for a little while longer, holders will undoubtedly be enticed to watch for a rise to that amount.
The cryptocurrency enthusiast Dark Defender has set his sights on a higher value during the period surrounding the halving of Bitcoin. XRP and BTC frequently follow each other’s patterns. Following the halving procedure, bitcoin is probably going to rise. XRP is also. Additionally, the climb is predicated on the monthly time frame’s alignment of the bullish crossover of the MACD.
To put it plainly, token holders are not greatly impacted by the token’s current performance. They are holding onto their confidence as they prepare for a jump soon.
Will XRP hit $1 by 2024’s end?
Whatever projections or analysts put out there, that is still a hard nut to crack. XRP, or any other cryptocurrency token, keeps moving to the beat of market volatility. Even if a rise is anticipated, it could be quickly offset by a big decline. Consider BTC as an example. To see an increase was the token. It did, but the rise was not maintained after that.
There is currently no clear date for when Bitcoin will take off on the graph, but it is still expected to rise.
By the end of 2024, XRP might be worth $1. The milestone is expected to come as a surprise in the middle of the year, according to the XRP price projection. Following the Bitcoin halving procedure, it almost fell. In doing so, it is endorsing the theory that it will eventually follow Bitcoin’s trajectory. By the end of 2025, more optimistic projections indicate that a surge to $7 or $13 may also occur.
In-depth examination of XRP
Not just Dark Defender stands up for the XRP holders. Perry XRParker, another analyst, has even higher hopes for the cryptocurrency. The range for 2025’s end was put forth by them. They didn’t build it on a sturdy basis. Rather, they’ve stated that, for once, they anticipate a $7–$13 price range by 2025.
Dark Defender has clarified that XRP has experienced psychological testing and a phase of consolidation throughout the years. In addition, they have recognised the technical advancements made by Elliott Waves, which prepared the way for the third wave.
The ongoing legal dispute between Ripple and the US Securities & Exchange Commission may be a spoiler. They are currently in the remedial phase and should be done with the dispute resolution process in a few months. The disagreement dates back to 2020. Pro-XRP attorney Bill Morgan has made a novel claim that Bitcoin may be vulnerable to market forces in a downturn.
