XRP is expected to record a massive hike to breach the $1 price mark by the end of 2024 and early 2025.
The asset is expected to hit $0.74 this month, following the renewed interest that could hit the altcoin market.
XRP’s price move has disappointed as it struggles to break and sustain above-critical resistance levels following the big drop from its 2023 high. Interestingly, the partial victory for Ripple Labs and its regulatory clarification was expected to push the asset to around its all-time high price of $3.4. However, our data shows that XRP has declined by 5% in the last 30 days, extending its Year-To-Date (YTD) fall to 6.4%.
Currently, the asset is in the consolidation phase after breaking a key support level to slip to $0.58. Despite its extensive stagnation and the renewed legal showdown against the US Securities and Exchange Commission (SEC), XRP holders expect a comeback triggered by the upcoming Bitcoin halving event.
As renowned analyst Michaël van de Poppe
