Now that 2023 is almost over and 2024 is slowly approaching, XRP (XRP) appears in green on all charts and is trading at a respectable price level of $0.63, leaving crypto traders and investors wondering what price range(n) it will be in. finally. next year.
According to Finbold’s latest chart information on December 27, the XRP token is showing signs of recovery, but the price is still below its year-to-date high of $0.82 and (relatively) below its December low of $0.69.
$0.70 – $1 in game
However, XRP could be poised for a major rebound in early 2024, according to an analysis shared by cryptocurrency expert CoinsKid in a Dec. 25 X post. In a post, XRP stated that the $0.6998 level “could pose danger.”
Moreover, if the long-standing legal fight between Ripple and the US Securities and Exchange Commission (SEC) yields a positive outcome, the price of XRP will probably increase even more. It may exceed the $1 level.
Additionally, an analysis of multiple charts by another crypto market analyst, EGRAG CRYPTO, confirms that a reliable forecast of $1.30 to $1.50 is on the horizon, according to the same analyst published on March 18. According to the X Post newspaper, the target supports a solid $1.
Or Drop to $0.55
However, after being rejected at the middle line of the ascending parallel channel for the past six months, XRP has begun to reverse the trend and is experiencing a pullback, heading towards the lower bound near $0.55, according to Ali, a leading cryptocurrency expert.
Meanwhile, artificial intelligence (AI) algorithms used by cryptocurrency analysis and tracking platform CoinCodex suggest that it will set its price at $0.82 and exceed the $1 barrier. Towards $1.33 by December 30, 2024.
In early October, Finbold asked a number of financial and cryptocurrency experts for their views on the 2024 XRP price outlook. Potential targets range from the low price level of $0.5 to the mid-price level of $1.00 to the more optimistic $2.00 in early 2024.
