Analyst Bullish For $1 Breakout Despite Ripple’s Sluggish Ascent 

Analysts at Techopedia have also predicted a bullish price trajectory for XRP. The platform forecasts a $1.80 price mark for XRP, which the token is expected to reach by the end of 2024.

“XRP has seen moderate gains (~18%) since Bitcoin ETF approval compared to other tokens in the top 10. It has posted gains of 50% and more. This is likely because investors are awaiting the conclusion of the Ripple lawsuit. Therefore, our XRP price prediction forecasts a price of $1.80 by the end of 2024.“

The platform later predicts how XRP may also breach an ambitious price mark of $3 by 2024, provided Ripple wins the case against the SEC. However, the platform further noted how XRP could also hit a new price low if it fails to win the case against the US Securities and Exchange Commission.

“Depending on the lawsuit’s outcome and crypto market conditions, it could go much higher, potentially reaching $3.10. Nevertheless, there is also scope for lows of $0.30 if the case swings in the SEC’s favor.”

Also Read: Ripple: When Will XRP Hit Critical Price Markers of $0.70 and $1?

XRP April Forecast

For April, Coinpedia expects XRP to experience modest price hikes coupled with a few price downturns. The platform expects XRP to average around the $0.81 price mark in April 2024. 

Another leading platform, CoinCodex predicts XRP to gain 11% by April End and the First week of May 2024.

“According to our current XRP price prediction, the price of XRP is predicted to rise by 11.75% and reach $ 0.652837 by May 5, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 79 (Extreme Greed). XRP recorded 16/30 (53%) green days with 4.11% price volatility over the last 30 days.”