Crypto Exchange Predicts 1000x Returns On XRP Price With Ambitious Rise To $594
30 January 2024 - 4:00AM
NEWSBTC
Crypto exchange Changelly has laid out an all-encompassing price
prediction for XRP. As part of this prediction, the platform stated
that the crypto token would rise to as high as $594 and gave a
definite timeline for when this would happen. When Will XRP
Price Rise To $594? Changelly predicts that XRP will rise to $594
in 2050, with that representing the maximum price level that the
crypto token can attain by then. Meanwhile, $512 and $540 are
predicted as what will be the minimum and average prices for XRP
during that same timeframe. Related Reading: Bitcoin Whales
Increase Their Holdings By $3 Billion – Is A Price Surge Imminent?
Changelly also gave a breakdown of what XRP’s price would be in the
years leading up to 2050. Interestingly, they do not foresee XRP
rising above $1 in 2024, as they put XRP’s maximum price this year
at $0.85521447. A rise to above $1 is, however, expected in 2025 as
the crypto exchange puts XRP’s maximum price in the year at $1.25.
Interestingly, while crypto analysts like Egrag Crypto have
predicted that XRP will rise to $27 in the next bull run, Changelly
doesn’t see that happening anytime soon. Instead, based on their
prediction, the earliest that XRP can hit that price level is
sometime after the year 2033. They predict that the maximum price
the crypto token can achieve in 2033 is $23.94. That price level is
a far cry from Egrag’s prediction, which puts XRP’s price at $2,500
as early as 2029. Only time will tell which predictions come true
as analysts continue to make bullish predictions for XRP’s price.
So far, the crypto token hasn’t shown any positive sign to suggest
that these bold predictions are attainable. XRP price resumes
uptrend | Source: XRPUSD on Tradingview.com Update On XRP’s Price
Action Crypto analyst Dark Defender recently provided an update on
XRP’s current price action using the daily timeframe. He noted that
XRP had moved toward the $0.52 and $0.53 price range as expected.
Specifically, the crypto token is said to have closed above
$0.5286, which was the target area, and had a break on the Relative
Strength Index (RSI). Related Reading: Here Are The Major Drivers
Behind The Bitcoin Price Recovery Above $42,000 The crypto analyst
claims that this is a “great sign” for XRP as it attempts to break
through the $0.60 resistance level. Dark Defender seemed optimistic
about this happening soon as he expressed his joy that everything
is going well for XRP on the chart at the moment. He stated
that he would be more excited if XRP broke $0.6649 and then
proceeded with the “initial Fibonacci target of Wave 3 at
$1.88.” At the time of writing, XRP is trading at around
$0.52, down over 1% in the last 24 hours, according to data from
CoinMarketCap. Featured image from The Cryptonomist, chart
from Tradingview.com
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