$0.70 – $1 in the game
As we approach the end of 2023 and look towards 2024, XRP (XRP) is showing positive signs on its charts. Currently trading at around $0.63, many traders and investors are wondering what price range it could reach in the coming year. Although it is still below its yearly high of $0.82 and December high of $0.69, there are indications of a recovery.
According to cryptocurrency expert CoinsKid, if XRP manages to surpass the $0.6998 level, it could spell trouble for those who are bearish on the token. Additionally, if Ripple’s legal battle with the SEC concludes favorably, it could further drive up the price of XRP, potentially even surpassing $1.
Or a decline to $0.55
On the other hand, renowned crypto expert Ali Martinez believes that XRP might experience a pullback and retrace towards the lower boundary around $0.55 if it faces rejection at the mid-line of the ascending parallel channel from the past six months.
However, AI algorithms used by CoinCodex suggest that XRP’s growth will continue in the future. They predict a price of $0.82 for January 1, 2024, and anticipate it to surpass $1 and reach $1.33 by December 30, 2024.
XRP price analysis
Currently trading at $0.63, XRP has seen a 0.84% increase on its daily chart, a 1.59% increase over the previous week, and a 5.16% gain in the last month. Over the past year, it has experienced an impressive upward movement of 71.45%.
Hot Take: XRP’s Potential in 2024
In conclusion, XRP has the potential to increase its price in 2024, supported by various predictions and positive developments. If it can overcome key resistance levels and if Ripple’s legal battle concludes favorably, we may see XRP reaching new heights. However, there is also a possibility of a pullback if certain technical indicators come into play. Overall, keep an eye on XRP as it continues to make waves in the crypto market.
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