XRP, one of the leading cryptocurrencies, has overcome numerous challenges to secure its place in the top 10 on CoinMarketCap. Following its legal victory against the U.S. SEC, XRP has gained renewed momentum. With Bitcoin reaching new highs, XRP appears poised to ride the wave of optimism, potentially crossing the $1 mark before the end of 2024.
Is XRP on the Verge of a Major Price Rally?
XRP’s price could climb even higher in the near term. Currently trading at $0.69, the cryptocurrency has finally broken past this resistance level after multiple attempts. Key price thresholds have been surpassed, signaling a potential breakout trajectory for XRP.
Crypto analyst Egrag Crypto has made bold predictions regarding XRP’s price movements. He noted that XRP recently reached a high of $0.74, which could trigger a genuine “bull run.”
Egrag emphasized that if XRP can close the current week near $0.60, it could pave the way for a short-term price target of $1.2 to $1.5 before the year ends.
“Nothing has changed—same targets, same stance! XRP has broken out above $0.74, signaling a super bullish trend as we have officially crossed a key level. Here’s the plan: Weekly closes above $0.60 are crucial, confirming the breakout with a solid retest. XRP’s short-term targets are $1.3–$1.5 before we reevaluate the triangle breakout point.”
Egrag also provided a specific timeline for XRP’s journey to $1, predicting this could happen by mid-December 2024.
“Expect all of this to unfold by mid-December 2024. Afterward, get ready for fireworks! XRP could test its all-time high (ATH) and beyond. $6.5 is just Wave 1! We’re moving toward the next MACRO Wave 3—and yes, Wave 3 targets triple digits!”
Additionally, Egrag highlighted a potential game-changer for XRP:
“If Trump fulfills his promise to fire Gensler from his position as SEC chairman, this development could be a major catalyst for XRP, taking it to unprecedented heights.”
XRP Price Prediction for November
According to CoinCodex, XRP’s price could soar by 15% and hit a new high of $0.80 by the end of November 2024.
Based on our current XRP price prediction, XRP is expected to increase by 15% and reach $0.80 by December 14, 2024. Our technical indicators show a bullish sentiment, with the Fear & Greed Index displaying an extreme greed score of 88. XRP has recorded 17 green days (57%) over the past 30 days with 7.33% price volatility. According to our forecast, now is a good time to buy XRP,” CoinCodex reported.
