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Super Bullish Ripple (XRP) Price Prediction for 2024: Analyst Chips In

04.11.2023
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TL;DR

  • XRP surpassed $0.62, its highest since August, and remains bullish despite a slight drop to around $0.60, with positive market sentiment.
  • Analyst Dark Defender predicts a potential rally to $0.66 by week’s end, with an optimistic long-term forecast of reaching $18.22 if it surpasses the $1.88 Fibonacci level.
  • A more conservative prediction from analyst CrediBull sees XRP potentially rising to $0.90 by the summer of 2024, provided it maintains above the $0.40-$0.50 support zone.

XRP to Skyrocket by 3,000%?

Ripple’s native token – XRP – recently surpassed the $0.62 level (for the first time since August) and has been among the best-performing crypto assets in the past several weeks. Despite today’s slight plunge to approximately $0.60 (per CoinGecko’s data), the overall sentiment surrounding the coin remains bullish.

One popular analyst, using the X (Twitter) handle Dark Defender, believes XRP is poised for a rally toward $0.66 by the end of this week and a further explosion in the following months. They think its uptrend could continue all the way to $18.22, assuming it closes above the $1.88 Fibonacci target, which was set as “a short-term target.”

“We have one mid-level resistance @ $1.05 after eliminating $0.66. I don’t think XRP will stay long around the $1 level since the Sub-Wave 3 has 3 main targets: $1.88, $5.85 & $18.22 Par/SAR indicator is expected to turn green soon, which will add volume to the move. We are above Ichimoku in the weekly, which is positive,” the analyst surmised.

A More Realistic XRP Forecast

While the $18 price tag might sound a bit preposterous, another analyst (named CrediBull on X) laid out a somewhat plausible prediction.

In their view, XRP could soar to $0.90 in the summer of 2024, assuming it stays above the $0.40-$0.50 resistance level.

Those willing to find out whether Ripple’s token might head north in the remaining months of the ongoing year could take a look at our dedicated video below:

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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