Rally

2024

April

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 <p><a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP token surged by almost 80% in 2023. The token’s price began to rally after a district court ruled that selling XRP to retail clients did not breach securities laws. XRP’s price surged to a high of $0.82 soon after the verdict. However, price levels did not hold, and it began to plummet. The SEC‘s (Securities and Exchange Commission) lawsuit against <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> has entered the high court, and investors are awaiting a ruling.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> XRP: Banker Explains When It Can Hit $2,500</strong></p>
 <p>Despite the gradual decline from the $0.82 level, there is a possibility that <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP token will reclaim its all-time high of $3.40 in 2024. However, to achieve this target, a few developments need to take place.</p>
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 <h3 class="wp-block-heading" id="h-how-can-ripple-s-xrp-reclaim-its-all-time-high-in-2024">How can Ripple’s XRP reclaim its all-time high in 2024?</h3>
 <figure class="wp-block-image size-full"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/01/04/a2e18855b6a36e39fdf4415021eea71c.webp" alt="XRP" class="wp-image-122389" srcset="https://cdn.thebittimes.com/images/2024/01/04/a2e18855b6a36e39fdf4415021eea71c.webp 1024w, https://cdn.thebittimes.com/images/2024/01/04/a2e18855b6a36e39fdf4415021eea71c.webp 300w, https://cdn.thebittimes.com/images/2024/01/04/a2e18855b6a36e39fdf4415021eea71c.webp 768w, https://cdn.thebittimes.com/images/2024/01/04/a2e18855b6a36e39fdf4415021eea71c.webp 380w, https://cdn.thebittimes.com/images/2024/01/04/a2e18855b6a36e39fdf4415021eea71c.webp 550w, https://cdn.thebittimes.com/images/2024/01/04/a2e18855b6a36e39fdf4415021eea71c.webp 800w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – AscendEX
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 <p>Firstly, <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> will need a favorable verdict in its lawsuit with the SEC. The original trial date is for April 23, 2024. However, delays are common in cases like this, and we may anticipate the same.</p>
 <p>Secondly, the cryptocurrency market will need to enter a bull run, like it did in 2021, if not better. Many analysts have said we may enter a bull run in 2024, fuelled by the possible approval of a spot BTC ETF (Exchange Traded Fund) and BTC’s halving event in April.</p>
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 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> (XRP): Analyst Projects 500% Rally to $3 in 2024</strong></p>
 <p>Thirdly, XRP will need to see a surge in adoption. This development could become a reality if Ripple receives a favorable verdict from the high court. Moreover, the fintech company has a line of partnerships with several financial institutions, which could further aid XRP’s price.</p>
 <p>The regulatory uncertainty behind Ripple’s XRP’s status is one of its biggest barriers. In 2021, while other significant crypto projects hit their respective all-time highs, XRP did not move much. The lack of a rally is probably due to the SEC vs. Ripple lawsuit, which was going on in full motion. However, once the legal barriers are gone, XRP could surge to new highs.</p>
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  <li>Ripple</li>
  <li>xrp</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-will-xrp-reclaim-its-all-time-high-of-3-40-in-2024-tbt75542.html">https://thebittimes.com/ripple-will-xrp-reclaim-its-all-time-high-of-3-40-in-2024-tbt75542.html</a></p>

Ripple: Will XRP Reclaim its All-Time High of $3.40 in 2024?

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