Rally

2024

Bitcoin

Spot

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 <p>The year has certainly not been the most beneficial to the digital asset market. Yet, amid the downturn for a host of tokens, one analyst believes that optimism could be rewarded. Indeed, EGRAG has predicted that if Ripple (XRP) could fall to $0.40, that could lead to a price recovery to $2.</p>
 <p>XRP has experienced a volatile start to 2024 thus far. Moreover, the recent hack into the company’s co-founder Chris Larsen didn’t do the token’s value any favors. Still, there is the expectation that the token could be facing a stark turnaround. The only questions are how low must it first get, and how high the reversal takes the asset.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="733" height="419" src="https://cdn.thebittimes.com/images/2024/02/02/384672bd0165cd85f693dd1b8ffeef09.webp" alt="ripple xrp" class="wp-image-118949" srcset="https://cdn.thebittimes.com/images/2024/02/02/384672bd0165cd85f693dd1b8ffeef09.webp 733w, https://cdn.thebittimes.com/images/2024/02/02/384672bd0165cd85f693dd1b8ffeef09.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/384672bd0165cd85f693dd1b8ffeef09.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/384672bd0165cd85f693dd1b8ffeef09.webp 550w" sizes="(max-width: 733px) 100vw, 733px">
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 <p><strong>Also Read: Ripple: ChatGPT Explains How XRP Can Rally 96% and Hit $1</strong></p>
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 <h2 class="wp-block-heading" id="h-ripple-xrp-further-fall-could-precede-a-massive-surge">Ripple (XRP) Further Fall Could Precede a Massive Surge</h2>
 <p>At the end of 2023, the digital asset sector was met with tremendous optimism. Indeed, investors had seen the potential in the impending approval of a host of Spot Bitcoin ETFs. Moreover, Ripple was among the most anticipated assets on the market. However, one month into the year, that has yet to come to fruition.</p>
 <p>Still, there is a plethora of optimism surrounding how what a rebound could look like for the token. Specifically, one analyst has stated that Ripple (XRP) could fall further to $0.40, making way for an eventual price correction to the $2 level. A feat that would certainly mark one of the most significant turnarounds the market has seen</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="538" src="https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp" alt="XRP" class="wp-image-123904" srcset="https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp 1024w, https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp 768w, https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp 550w, https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp 800w, https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp 1160w, https://cdn.thebittimes.com/images/2024/02/02/f224b001ef84bd0b58aeddc02d01a2ac.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – CryptoSlate
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 <p><strong>Also Read: Ripple: XRP Historical Patterns Suggest Potential Price Explosion</strong></p>
 <p>In a recently published <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, EGRAG noted that his previously reported 5-wave prediction could lead to a rather high short-term target for XRP. Specifically, he stated that forecast adjustments would lead to a short-term target of between $2.20 and $2.80.</p>
 <p>This projection has arrived as the asset is still trying to recover from dropping below the $0.49 level yesterday. Currently, the asset is trading at $0.506 and is down more than 1% over the last 24 hours according to CoinMarketCap. Still, there is anticipation that the $0.50 level could either continue the fall for XRP or finally bring about a price correction upward.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-xrp-fall-to-0-40-may-lead-price-recovery-to-2-tbt78581.html">https://thebittimes.com/ripple-xrp-fall-to-0-40-may-lead-price-recovery-to-2-tbt78581.html</a></p>

Ripple (XRP) Fall to $0.40 May Lead Price Recovery to $2

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TheBitTimes

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