Forget 2023, Here Are The Major XRP Price Predictions For 2024
October 26 2023 - 4:00PM
NEWSBTC
The official dismissal of the US Securities and Exchange
Commission’s (SEC) claims against Ripple’s CEO Brad Garlinghouse
and its co-founder Chris Larsen has reinvigorated predictions about
the XRP price future trajectory. With the year coming to a close,
some financial experts are already looking to 2024 and have made
their expectations known as to the XRP price in 2024.
XRP Price Could Go Above $1 Some financial specialists have given
their thoughts on XRP’s price and factors that could ultimately
affect the token’s trajectory. One of these experts happens to be
Gillian Dewar, the Chief Financial Officer (CFO) of Crediful, who
believes that the token could rise to as high as $1 (and even go
higher) based on certain conditions. Related Reading:
Anatomy Of A Bull Market: The Bitcoin Roadmap To $70,000 These
conditions include XRP’s adoption rate and the state of the broader
crypto market. Ripple uses XRP as its utility token in processing
cross-border transactions for its clients. Some of these clients
include global financial institutions, and Dewar believes that
XRP’s adoption, among them, could have a significant impact on the
token’s future price pattern. Rising To $2 Financial analyst
Lauren Yarpei didn’t give an exact price that XRP could attain at
the start of 2024, although she noted that some other financial
experts project that it could rise to as high as $2 at the start of
next year. Dom Farnell, a co-founder of The Investors Center, is
really bullish on the token as he labels XRP as one of the best
altcoins. Although he didn’t give a timeframe, he believes that the
XRP community will soon witness the token hitting a new all-time
high (ATH). XRP Above $10 On the more optimistic side, crypto
analyst Egrag Crypto believes that 2024 will be the year when the
XRP price experiences parabolic growth. In an analysis posted on X
(formerly Twitter), Egrag told their followers that the altcoin
could explode 2,500% in 2024 which would mean that the XRP price
climbs above $10. In another prediction, Egrag has outlined a
possible XRP price move to $30, which would happen sometime in the
bull market. XRP showing strength | Source: XRPUSD on
Tradingview.com XRP Price Between $14 And $17 Another crypto
analyst puts the XRP price between $14 and $17 in the upcoming
year. Like Egrag, the analyst sees the altcoin crossing the $10
dollar mark next year, something that would validate the expected
2,500% move upward. On a longer time frame, the analyst expects XRP
to climb as high as $24 around 2026-2027. Once again, validating
Egrag’s prediction for the altcoin’s price. Related Reading: Top 3
XRP Developments You Should Be Aware Of That Could Boost Price
Sending XRP To $500 Although the prediction of Wells Fargo Manager
Shannon Thorp, is on a much longer timeframe, it is important to
mention that the analyst believes that the XRP price will reach
$500. Thorp uses the fact that Ripple is moving into the
cross-border payments sector, and capturing a good portion of that
market share will send XRP surging in no time. The analyst,
however, puts the timeframe for this sometime in 2027. Featured
image from YouTube, chart from Tradingview.com
Internet Computer (COIN:ICPUSD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Internet Computer (COIN:ICPUSD)
Historical Stock Chart
From Jul 2023 to Jul 2024