Rally

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 <p>Ripple’s XRP token has faced a steep correction of 9% in the daily charts. Moreover, the token is down by nearly 6% since the previous month. XRP had a lucrative year in 2023, rallying by almost 80%. The asset’s growth may be due to a favorable ruling in the SEC (Securities and Exchange Commission) vs. Ripple lawsuit. A US district court ruled that selling XRP to retail clients did not breach securities laws. The asset’s price skyrocketed to over $0.82 soon after the verdict’s announcement. </p> 
 <p><strong>Also Read: <a rel="dofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>: Will XRP Reclaim its All-Time High of $3.40 in 2024?</strong></p> 
 <p>However, the popular cryptocurrency’s price gradually declined after the price spike, probably due to the SEC vs. Ripple suit entering the high court. </p> 
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  <img decoding="async" width="1024" height="843" src="https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp" alt class="wp-image-123585" srcset="https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 1024w, https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 300w, https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 768w, https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 1536w, https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 380w, https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 550w, https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 800w, https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 1160w, https://cdn.thebittimes.com/images/2024/01/06/219e4cc6677fd19533c083ddab13520e.webp 1664w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CoinGecko
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 <p>However, investors and users hope the asset will regain traction in 2024, given <a rel="dofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> receives a favorable verdict from the high court. </p> 
 <h3 class="wp-block-heading" id="h-when-will-ripple-s-xrp-reach-2">When will Ripple’s XRP reach $2?</h3> 
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  <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp" alt="XRP" class="wp-image-120500" srcset="https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp 1024w, https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp 300w, https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp 768w, https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp 380w, https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp 550w, https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp 800w, https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp 1160w, https://cdn.thebittimes.com/images/2024/01/06/df4f14768a76e8da47ddfdede048f919.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – Bitcoin.com
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 <p>According to Changelly, XRP could reach a maximum price of $1.10 in 2024. Moreover, the platform does not anticipate the token to breach the $2 mark anytime before 2026. Changelly predicts a maximum price of $2.21 for XRP in 2026, almost two years from now. </p> 
 <p>Telegaon, however, paints a more bullish outlook for <a rel="dofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP token. According to the platform, XRP could hit a maximum price of $2.28 this year. However, Telegaon does not clarify when the token could reach this level. </p> 
 <p><strong>Also Read: <a rel="dofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>: ChatGPT Explains How XRP Can Rally 560% to $4 in 2024</strong></p> 
 <p>Apart from Telegaon, other analysts are also bullish on XRP in 2024. According to crypto analyst Cryptoinsightuk, XRP’s price could rise 100% against Bitcoin (BTC).</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">If you're an $XRP holder, this is the chart you should be paying attention to.$XRP / $BTC.<br><br>On the last two occasions where $XRP has reached the Grey zone VS $BTC and at the same time, the weekly RSI has hit around 33, this has been the bottom for the pairing.<br><br>From the… pic.twitter.com/iHkMOmm9Jx</p> 
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    </div> — Cryptoinsightuk (@Cryptoinsightuk) January 2, 2024
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 <p>Moreover, there is a high probability that the crypto market will witness a bull run in 2024, fuelled by a spot BTC ETF (Exchange Traded Fund) and BTC’s halving event in April. A bull market could push <a rel="dofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP to new highs much earlier than anticipated. </p> 
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  <li>Ripple</li>
  <li>xrp</li>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ripple-here-s-when-xrp-could-rally-250-and-reach-2-tbt75752.html">https://thebittimes.com/ripple-here-s-when-xrp-could-rally-250-and-reach-2-tbt75752.html</a></p>

Ripple: Here's When XRP Could Rally 250% and Reach $2

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