AI Sets XRP Price for September 5, 2024

Unlike its counterparts, Ripple’s XRP recorded a surge over the past day. The altcoin was up by over 3% throughout the past 24 hours and was trading at $0.5668 at press time. This comes after a massive fall throughout the last week. But the current month could hold new possibilities for the asset.

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XRP’s Recent Performance And Future Predictions

Expert Analysis By Mando CT

Though XRP was in a price slump, some experts saw the silver lining. Well-known Bitcoin analyst Mando CT disclosed this calculated move in a recent post on X. He said that XRP is preparing for a breakthrough while accumulating a bunch of XRP tokens.

The post included a historical XRP chart showing the asset’s notable price ranges and triangle-shaped formation. Mando stated that he thought the downtrend would soon turn around and become a positive trend. He believes XRP may surge upward in a parabolic fashion after the breakout.

In addition, Mando has projected a price explosion. The analyst has set a $2 price objective for XRP. At its current price, XRP would provide investors with a 252% return if it were to hit $2. It should be noted that the last time XRP hit the $2 mark was in 2018, when the asset hit its all-time of $3.84.

Also Read: Ripple Announces Major Partnerships That May Help XRP Claim $0.65

XRP’s Price Prediction

Ripple’s XRP is set to enjoy a bullish month ahead. According to data from Changelly, the altcoin will enjoy a double-digit surge starting on September 5. XRP will reportedly trade at a high of $0.729581 on this date following a 31.72% rise from its current price.

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