Here’s When XRP Could Rally 250% and Reach $2

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Ripple’s XRP token has faced a steep correction of 9% in the daily charts. Moreover, the token is down by nearly 6% since the previous month. XRP had a lucrative year in 2023, rallying by almost 80%. The asset’s growth may be due to a favorable ruling in the SEC (Securities and Exchange Commission) vs. Ripple lawsuit. A US district court ruled that selling XRP to retail clients did not breach securities laws. The asset’s price skyrocketed to over $0.82 soon after the verdict’s announcement.

Also Read: Ripple: Will XRP Reclaim its All-Time High of $3.40 in 2024?

However, the popular cryptocurrency’s price gradually declined after the price spike, probably due to the SEC vs. Ripple suit entering the high court.

Source: CoinGecko

However, investors and users hope the asset will regain traction in 2024, given Ripple receives a favorable verdict from the high court.

When will Ripple’s XRP reach $2?

XRP
Source – Bitcoin.com

According to Changelly, XRP could reach a maximum price of $1.10 in 2024. Moreover, the platform does not anticipate the token to breach the $2 mark anytime before 2026. Changelly predicts a maximum price of $2.21 for XRP in 2026, almost two years from now.

Telegaon, however, paints a more bullish outlook for Ripple’s XRP token. According to the platform, XRP could hit a maximum price of $2.28 this year. However, Telegaon does not clarify when the token could reach this level.

Also Read: Ripple: ChatGPT Explains How XRP Can Rally 560% to $4 in 2024

Apart from Telegaon, other analysts are also bullish on XRP in 2024. According to crypto analyst Cryptoinsightuk, XRP’s price could rise 100% against Bitcoin (BTC).

Moreover, there is a high probability that the crypto market will witness a bull run in 2024, fuelled by a spot BTC ETF (Exchange Traded Fund) and BTC’s halving event in April. A bull market could push Ripple’s XRP to new highs much earlier than anticipated.


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