As 2023 comes to an end and 2024 approaches, XRP (XRP) is showing a positive outlook across all charts. As of this writing, it is trading at the significant price level of $0.63, exciting traders and investors about the potential price ranges it could move in the coming year.
Will XRP Coin Reach One Dollar?
Famous cryptocurrency analyst CoinsKid shared a post on December 25th, indicating that surpassing the $0.6998 level could pose a threat to XRP’s perpetual bears. According to CoinsKid’s analysis, the early period of 2024 could still show significant signs of recovery for XRP.
Moreover, a positive outcome in the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) could trigger an incredible price increase for XRP, possibly even driving it above the $1 price level.
Beyond that, the analysis of a chart shared by another cryptocurrency market analyst, EGRAG CRYPTO (below), supports a scenario where a price between $1.30 and $1.50 could be seen in the near future, reinforcing past targets for the altcoin.
Analysts’ XRP Charts
Another prominent figure commenting on XRP is analyst Ali Martinez. According to Martinez, XRP could experience a pullback to the midline of the rising parallel channel seen over the last six months, potentially followed by a reversal after a retreat towards the lower boundary around $0.55.
The famous cryptocurrency analysis and tracking platform CoinCodex’s artificial intelligence (AI) algorithms suggest that XRP could continue to grow in the future, with a prediction of $0.82 for January 1, 2024. According to CoinCodex data, the price is expected to exceed $1 within the next year and reach $1.33 by December 30, 2024.
XRP Coin Price
Meanwhile, XRP is currently trading at $0.63, up 1.61% at the time of writing. It has also seen a 1.59% price increase over the past week and a 5.16% gain compared to the previous month. This complements the 71.45% upward movement seen throughout the year.
Overall, looking at the predictions for XRP’s price, it could increase in 2024. Additionally, it is known that Ripple recently posted a job listing for a Senior Manager of Shareholder Communications, a position typically associated with preparations for an initial public offering. This situation could be supported by significant rumors of positive developments related to Ripple’s potential IPO.
