New Report Predicts When The XRP Price Will Cross $1.56
06 January 2024 - 9:00AM
NEWSBTC
A recent crypto report has delved into the XRP price, forecasting
the cryptocurrency to surpass the $1 peg in 2024. The report also
included predictions for the cryptocurrency’s pricing over the next
few decades. 2024 Monthly Prediction Popular cryptocurrency
exchange, Changelly published a new XRP price report on January 5,
providing a comprehensive forecast of the cryptocurrency for each
month in 2024. Before outlining its predictions, the crypto
exchange delved into XRP’s past successes and hurdles between 2017
till date. In 2018, when XRP reached its price peak of $3.84, the
cryptocurrency was valued as the world’s second most capitalized
cryptocurrency after Bitcoin. Related Reading: Shibarium
Transactions Crash Almost 50%, Shiba Inu Price Wobbles XRP
experienced a significant decline in the following years but
recovered majorly in early 2021 during the bull run. Presently XRP
is showing slight recovery after being in a three-year-long legal
battle with the United States Securities and Exchange Commission
(SEC). This optimistic sentiment and steady growth have contributed
to the restoration of the cryptocurrency’s reputation, paving the
way for positive price forecasts for XRP. According to
Changelly, the value of XRP is expected to increase by 21.68% to
reach $0.714 by January 6. It’s important to note that the price of
XRP at the time of writing is trading at $0.577 as reported by
CoinMarketCap. Changelly has also forecasted XRP to reach an
average price of $0.68 in January 2024. With a maximum and minimum
price prediction of $0.79 and $0.58 respectively. In February, XRP
is expected to trade at an average value of $0.62. Its maximum and
minimum price forecast is reported to reach $0.64 and $0.60
respectively. From March up until October, Changelly has
predicted the value of XRP to range from $0.5 to above $0.6,
without crossing the $0.7 price mark. Lastly, November and
December price forecasts depict a bearish trend for XRP. The
cryptocurrency is expected to be trading at average prices below
$0.52 while the maximum and minimum trading price of XRP in
December are projected at $0.54 and $0.37 respectively. Changelly
has reported its overall price prediction for XRP in 2024 to be
around $0.93 on average. While the minimum and maximum price value
of the cryptocurrency are assumed to be $0.90 and $1.10
respectively. XRP price at $0.56 | Source: XRPUSD On
Tradingview.com XRP Price Prediction For 2025 To 2050 In its
analysis of XRP, Changelly provided a brief report on the price
prediction of XRP from 2025 to 2050. The crypto exchange forecasted
the price of XRP to reach an average of $1.33 in 2025 with a
maximum and minimum price value of $1.56 and $1.28
respectively. From 2026 up until 2029, XRP price is predicted
to grow from an average of $1.84 to breach the $3 price mark and
surpass $5 in 2029. Related Reading: Crypto Analyst Predicts
Cardano Price Jump In January – Here’s The Target The year 2030
also shows a strong bullish growth for the price of XRP. According
to Changelly from 2030 to 2032 XRP is projected to grow to an
average price above $7 to cross the $10 price mark and surge to
$17.32 in 2032. The crypto exchange’s XRP price prediction for 2040
is set at an average trading price of $296.93, with a maximum and
minimum price value of $341.26 and $272.51 respectively. Lastly,
for 2050, the XRP price value is expected to reach a staggering
average price of $446.52. The maximum and minimum price projection
for that year is set at $493.44 and $428.69 respectively.
Featured image from CrytoRank, chart from Tradingview.com
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