Ripple: will XRP exceed $6? This analyst thinks so

Ripple has been widely recognized for its incredible price momentum and future trajectory. Despite the token being embroiled in a war with the SEC, XRP continued to impress the masses by maintaining its steady trajectory for a long time.

As Ripple forges new alliances across all major verticals and sectors, the importance of XRP has slowly seeped into new areas of business. The gradual increase has contributed to XRP’s slow but steady pace. According to CoinMarketcap, XRP noted an 18% spike over the past month. The token is also up 4% in the last 24 hours, trading at $0.6264.

The crypto community is holding on to the token’s explosion, with XRP hitting critical milestones. Several analysts on X have made interesting predictions regarding XRP. While some predict it will cross $1 soon, others have predicted a strong price rebound, helping the token surpass the $5 mark.

Also Read: XRP Echoes Its Nostalgic Bull Ride of 2017: Can It Surpass $1 Soon?

Will Ripple Price Cross $6?

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Source – Cryptocurrency

Several analysts have predicted that XRP will soon cross the $1 mark. Milky Bull, a notable crypto analyst, explained how XRP could soon cross critical price thresholds, triggered by positive market sentiment and a bull run. The analyst then supported his prediction by sharing a price chart, adding how XRP recently went through a critical price juncture.

The chart shows XRP crossing a crucial price threshold, breaking through barriers and resistance in its wake. According to the chart, XRP has now “retested” and could soon reach new price bases. According to the analyst, XRP may soon reach a new price level between $1 and $6.

Egrag Crypto, a notable crypto analyst, has proposed a new theory suggesting that Ripple is ready for a significant price breakout.

The analyst explained how the XRP Cycle Top could occur around July 1, which could propel its price to new highs.

Also read: XRP to the Moon? Will Ripple Steal Ethereum’s Crown Amid SEC Drama?

XRP Price Prediction for April

With positive price predictions widespread among the crypto community, CoinCodex proposed a new development based on technical measurements and historical patterns.

The platform predicts an uptrend for XRP, adding that it could surpass $0.68 by April, continuing its gradual but steady price pace.

“XRP price is expected to rise by 7.27% and reach $0.689459 by April 25, 2024. According to our technical indicators, the current sentiment is bullish. While the Fear & Greed index shows 81 (extreme greed). XRP recorded 18/30 (60%) green days with a price volatility of 5.48% over the last 30 days.

For XRP to cross the ambitious $1 mark, CoinCodex predicts that the token could cross $1 by the end of 2024.

“XRP is expected to trade between $0.445980 and $1.772809. If it hits the upper price target, XRP could rise by 174.53% and reach $1.772809.


reference: watcher.guru

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