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 <p><a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP token has faced a sharp correction over the last few days. XRP is currently down by 1.9% in the daily charts, 8.6% in the weekly charts, and 19% since the previous month. However, since January 2023, the token’s price has surged by around 63%.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="838" src="https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp" alt class="wp-image-123867" srcset="https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 1024w, https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 768w, https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 1536w, https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 380w, https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 550w, https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 800w, https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 1160w, https://cdn.thebittimes.com/images/2024/01/09/a28aae2d537056a06d33152861ba17f1.webp 1638w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CoinGecko
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 <p>However, Ripple’s XRP is not the only cryptocurrency in the red. Most significant altcoins have faced a correction in a market-wide liquidation spree. Cardano (ADA) has dropped 18% in the weekly charts, while Avalanche (AVAX) and Polkadot (DOT) have fallen by over 14% in the same time frame. Chainlink (LINK) has dropped by over 10%, and Solana (SOL) by over 12% over the previous week.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" 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>
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 <p>However, despite the recent correction, analysts still predict a bullish outlook for XRP.</p>
 <h3 class="wp-block-heading" id="h-ripple-s-xrp-to-rally-1900-to-7">Ripple’s XRP to rally 1900% to $7</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp" alt="xrp" class="wp-image-122963" srcset="https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp 1024w, https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp 768w, https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp 380w, https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp 550w, https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp 800w, https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp 1160w, https://cdn.thebittimes.com/images/2024/01/09/0e276269fcc8501ae92fa0b2c7026ce4.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – Bitcoin.com
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 <p>According to known crypto proponent Ben Armstrong, XRP could reach $7 in a bull market. If XRP reaches $7, it would translate to a growth of over <a rel="noopener noreferrer nofollow" title="1900%" href="https://thebittimes.com/tag/1900.html">1900%</a> from current levels. Moreover, Armstrong says that the figures may not be the peak for XRP, suggesting that the popular asset could go even higher than $7.</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>: Expert Predicts 2350% Rally for XRP, Could Reach $14</strong></p>
 <p>According to Armstrong, XRP’s rise to $7 could be in tandem with <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s upcoming initial public offering (IPO). The analyst anticipates significant excitement around the IPO, which could lead to a price surge.</p>
 <p>Furthermore, Armstrong also believes that an&nbsp;Ethereum (ETH) ETF&nbsp;(Exchange Traded Fund) could further aid XRP’s price. According to the analyst, after a spot ETH ETF, market participants would look for the next big crypto for an ETF, which could be XRP.</p>
 <p>Furthermore, if the crypto markets enter a bull run, we may see a new all-time high for Ripple’s XRP. Moreover, if the US high court rules favorably for Ripple in the ongoing lawsuit with the SEC (Securities and Exchange Commission), it may further push the asset’s price.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>Ripple</li>
  <li>xrp</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-s-xrp-to-rally-1900-and-reach-7-predicts-analyst-tbt75958.html">https://thebittimes.com/ripple-s-xrp-to-rally-1900-and-reach-7-predicts-analyst-tbt75958.html</a></p>

Ripple's XRP to Rally 1900% and Reach $7: Predicts Analyst

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