Will XRP Hit $0.80 This Weekend?

The analyst later shared how XRP is currently undergoing a retracement phase. He later shared how the token’s long-term value remains bullish despite XRP’s current price dips and sways. 

Also Read: Cryptocurrency: Top 3 Altcoins That May Surge 50%–100% Post Bitcoin Halving 

“Ever since the fiery pump in July, #XRP has been on a retracement journey, spanning a relentless 191 days—a test of resilience for many. Yet, amidst the storm, the MACRO outlook stands unwavering.” 

In a macro outlook, the prospects of XRP breaking into bullish momentum are bright and strong. With Ripple’s long list of successful financial alliances, XRP’s price is bound to recover sooner or later, with a positive price breakout. 

“Ripple’s partnerships with central banks, governments, and financial institutions, as well as the approval of XRP by the Dubai Financial Services Authority, indicate a potential widespread adoption and a significant increase in XRP price.”

Will XRP hit $0.80 this week?

Amid Ripple’s positive alliances, talks of XRP breaking consolidation are catching pace. XRP is currently trading at $0.56, expecting a mild boost to break its resistance price level marks. 

Per CoinCodex, XRP may face resistance at price levels of $0.589033, $0.602032, and $0.611833.

The platform predicts XRP may reach $0.72–$0.77 by the weekend, regaining some of its lost pace.

For the year 2024, XRP is forecast to breach the coveted $0.80 mark if it continues to gain mainstream momentum. With the event of Bitcoin halving in the mix, XRP could soon touch a new price threshold. 

“XRP is forecast to trade within a range of $0.363327 and $1.807151. If it reaches the upper price target, XRP could increase by 216.16% and reach $1.807151.”