Ripple’s XRP has experienced a tumultuous journey over the past few years, particularly due to legal challenges posed by the US Securities and Exchange Commission (SEC). Despite these hurdles, XRP has shown resilience, especially during the brief bullish phase following the election of Donald Trump. However, it struggled to maintain a steady pace, often hovering around the $0.57 mark. A significant turning point occurred on November 16th, when XRP surged by 14.72% to finally cross the $1 threshold.
Recent Developments in XRP’s Price
Fast forward a week, and XRP was trading at $1.50, having briefly touched $1.62 on November 23rd. This price movement has been interpreted by many analysts as a sign of sustained growth potential. A prominent voice in the crypto space, known on Twitter/X as the “Bearable Bull,” confidently asserted that XRP would not fall below the $1 mark again.
“We Will Never See XRP Go Below $1 AGAIN” — The Bearable Bull (@thebearablebull) November 23, 2024
XRP’s $1 Milestone: A Foundation for Future Growth
As the year began, Ripple’s XRP was valued at $0.61, fluctuating between $0.50 and $0.60 for several months. Unlike Bitcoin and other altcoins, which rallied post-election, XRP’s progress was sluggish. It wasn’t until mid-November that the cryptocurrency began its ascent, breaking the $1 barrier. The last time XRP maintained such a price was in December 2021 when it briefly dropped to $1.96. For many market experts, $1 now serves as a solid foundation for consolidation and further growth, despite the SEC’s looming presence.
Currently, XRP is trading at $1.38, showcasing its potential for continued upward momentum.
Analyst Insights: No Looking Back for XRP
The recent surge in XRP’s price has captivated the crypto community and analysts alike. Among them, the Bearable Bull gained attention for his bold predictions regarding XRP’s price trajectory. His insights, shared on Twitter/X, have sparked widespread interest, with the post amassing over 94.7K views. The sentiment is shared by other analysts who believe that XRP has established a firm base above $1.
Speculative Views on XRP’s Future
While optimism abounds, some analysts remain cautious, suggesting that it may be premature to declare that XRP will permanently remain above $1. On November 16th, XRP reached a peak of $1.267, followed by a slight correction, yet it managed to stay above the crucial $1 mark.
“XRP soon will achieve a $100B market cap. Times are changing.” — John E Deaton (@JohnEDeaton1) November 22, 2024
Forecasting Ripple’s Future: Bold Predictions
The market’s positive sentiment towards XRP continues to grow. Pro-Ripple lawyer John Deaton anticipates a sustained bullish trend, with the potential for XRP to revisit a $100 billion market cap. Furthermore, CrediBULL, another notable figure in the crypto space, projects that XRP will not only reach new all-time highs but also outperform leading cryptocurrencies like Ethereum and Bitcoin.
“I think $XRP is probably going to make new ATH a lot quicker than most are expecting—and I think it’s going to vastly outperform both $BTC and $ETH from current levels while doing it.” — CrediBULL Crypto (@CredibleCrypto) November 21, 2024
CrediBULL’s prediction is backed by data showing XRP’s impressive 125% surge over three months, outpacing Ethereum’s 20% and Bitcoin’s 51% increases.
