Cryptocurrency

United

CRYPTO

Polygon

<div class="finbold">
 <p class="paragraph">With 2023 almost over and 2024 creeping closer, XRP (XRP) is looking green on all its charts, trading around the important <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> level at $0.63 and leaving cryptocurrency traders and investors to wonder at which <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> range(s) it could end up in the year to come.</p>
 <div></div>
 <p class="paragraph">As it happens, the XRP token is showing signs of recovery despite its price still standing below its yearly high at $0.82 and the (by comparison) lower December high at $0.69, according to the most recent chart information retrieved by Finbold on December 27.</p>
 <h2 class="wp-block-heading" id="h-0-70-1-in-the-game">$0.70 – $1 in the game</h2>
 <p class="paragraph">That said, XRP could still be looking at a significant recovery at the start of 2024, as per the analysis shared by pseudonymous cryptocurrency expert <em>CoinsKid </em>in an X post<em> </em>on December 25, in which he noted that taking out the $0.6998 level “could spell danger to the XRP perma bears.”</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/ysQ0ZXUCkYyQsFI4vwlFbHOUEhoV6ovcgnwkZRZ_wycqEZN5AyC_bBSEFT-A2M_IP6paMzj18wzOwiF7O9UbBuIclctHMJ99cN4dh7cYsdNBajdbvFvBM2SuQ7pk66-UuKAsBePzkAC--wnlxNwhFJM" alt>
  <figcaption class="wp-element-caption"><em>XRP price action analysis and prediction. Source: </em><em>CoinsKid</em>
  </figcaption>
 </figure>
 <p class="paragraph">Furthermore, the positive resolution of the long-running legal battle between Ripple and the United States Securities and Exchange Commission (SEC) could further push the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of XRP upwards, perhaps even over the $1 <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> mark, as reported on December 25.</p>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/27/7f20ba61a4ca4613fad45f931d9d4779.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="ripple-sold-over-190-million-xrp-in-december-will-the-dump-continue">Ripple sold over $190 million XRP in December; Will the dump continue?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/27/fc4b2fe21129bfe4c151f167eec31575.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="expert-signals-polygon-might-surge-above-1-70">Expert signals Polygon might surge above $1.70</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/27/02abd7c260acde71143d82cc14873c82.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="this-suspicious-congressional-trade-returned-48-in-two-months">This suspicious congressional trade returned 48% in two months</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/27/ae40ff0e44b8348adfa098fd43cbf987.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="etf-investing-predictions-for-2024">ETF investing predictions for 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/27/74010cc399e80709769d102d153729e0.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="1-000-invested-in-tesla-stock-at-start-of-2023-returned">$1,000 invested in Tesla stock at start of 2023 returned</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">On top of that, the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of numerous charts by another pseudonymous crypto market analyst, <em>EGRAG CRYPTO, </em>supports a confident projection of $1.30 – $1.50 on the horizon, reinforcing firm dollar targets, as per the analyst’s X post shared by Finbold on December 18.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/kTIv0QicsvN3UazZ-VHwE5ej-xnjgl_FFq6AmSX19JkGSfZRlaKdLUw4wIeUZ3er514xmaFz6GvlPsL2gHptbQADNbqmUyypeDAykLDMR_k-m631DwOTJv-gtQfh2ZTWo-L9pDk47s158yMZGc3AyT8" alt>
  <figcaption class="wp-element-caption"><em>Possible outcomes for XRP price movement. Source: </em><em>EGRAG CRYPTO</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-or-a-decline-to-0-55">Or a decline to $0.55</h2>
 <p class="paragraph">However, XRP could also take an opposite turn following a rejection at the mid-line of the ascending parallel channel from the past six months, undergoing a pullback and potentially retracing towards the lower boundary around $0.55, in the view of the renowned crypto expert Ali Martinez.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/mT_lQDAaniIO-VGlXtOHl9FtLO9NKaGymQEmvv2B645rx_Q0zQiHsXXIGMNXwiT_TLl9N6BUFCwphFGtiTIFkoM4rh8hk-lgqw5An6JZC4Y6tc5yEtsCfjRvu9m7lBg57Bd8QUnCP9ow2-RRdbIF2jE" alt>
  <figcaption class="wp-element-caption"><em>XRP ascending parallel channel movement chart. Source: </em><em>Ali Martinez</em>
  </figcaption>
 </figure>
 <p class="paragraph">Meanwhile, the artificial intelligence (AI) algorithms used at the crypto analytics and monitoring platform <em>CoinCodex</em><em> </em>suggest that XRP could continue its growth in the future, setting its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> at $0.82 for January 1, 2024, while seeing it surpass the $1 mark and move further toward $1.33 by December 30, 2024.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/nSIc9gfwTfi28pVTyr5-4ote8QtD8-0eu4Ye4dNqI3bFYvH1GvuXKW005oxE4NTtXfxdl6EB0KUBRus9vk9oTawWrh3W30WeI7Q9YtXOgg4EHrQ58Ps5sMnTIi1qPlTqS7qDs6W5ag3BDfyUGekoRco" alt>
  <figcaption class="wp-element-caption"><em>XRP 1-year price prediction. Source: </em><em>CoinCodex</em>
  </figcaption>
 </figure>
 <p class="paragraph">Earlier, in October, Finbold gathered the opinions of several finance and crypto experts regarding XRP’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> outlook for 2024, and their potential targets ranged from the low <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> mark of $0.5 through the mid-lever $1.00 to the more optimistic $2.00 by the start of 2024.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">Meanwhile, XRP was at press time trading at the price of $0.63, recording a 0.84% increase on its daily chart, in addition to advancing 1.59% across the previous week and accumulating a gain of 5.16% in the last month, adding up to the 71.45% upward movement over the past year.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/acn2l9DB7UFwoZXvjazQWKo-R2PvnHLzQIh29hl7qVvyRmPGRG01zFnqrkf7M-4Y2NKKQB-5OAZIjyZQbtYZ0Nwcjacg9jUNR0w2-lDCuYXGmZo2dSdVaxC6n04r0bxj5eqaXIdL6bvuE1VHqyWZc7Q" alt>
  <figcaption class="wp-element-caption"><em>XRP year-to-date (YTD) price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">Overall, XRP could, indeed, increase its price in 2024 in line with the predictions, particularly as there are positive developments surrounding it, such as a significant amount of speculation of a Ripple IPO, following the blockchain company’s recent job posting for the position of a Shareholder Communications Senior Manager with tasks typically associated with IPO preparations.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-price-prediction-for-2024-tbt74916.html">https://thebittimes.com/xrp-price-prediction-for-2024-tbt74916.html</a></p>

XRP price prediction for 2024

Table of Contents

TheBitTimes

Other articles published on Dec 27, 2023

China Cracks Down on $2.2 Billion Underground Banking Operation Using Crypto

New Whales Suddenly Accumulate Chainlink (LINK) and One Additional Ethereum-Based Altcoin: Lookon...

ETH Price Prediction: ETH is in Dilemma, is $2500 Possible?

Solana Meme Mania Melts Down: Hype Drains After Brutal Coin Price Crashes

Shibarium Scores Mind-Blowing Record, SHIB Army Ecstatic

Crypto Analyst Says Altcoin Market Cap Set to Hit $750 Billion

Join our free newsletter for daily crypto updates!