Accumulate

Dark

Time

<p>The post <a href="https://coinpedia.org/price-analysis/ripple-price-prediction-will-xrp-price-hit-2-in-2024/">Ripple Price Prediction: Will XRP Price Hit $2 in 2024?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>While crypto markets prepare to hit $2 trillion, bull optimism has soared. This means the bulls are slowly strengthening, pushing <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a> higher. The last bullish surge broke above the declining barrier after repeated attempts. Thus, the impending rally may turn the token around, but there may be barriers.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-will-xrp-price-springs-in-february-or-march-be-decisive"><strong>Will XRP Price Springs in February or March be decisive?</strong></h2> 
<p>In February 2024, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP has been making waves in the crypto world</a>. Some big wallets suddenly sold off $100 million worth of XRP while vast amounts of money flowed in, reaching up to $1 billion in a single day. Investors are eyeing XRP more closely as Ripple Labs wins battles against the SEC. However, recent developments show the legal fight isn’t over yet.</p> 
<p>As of the latest update, XRP has experienced a 2.04% increase in price over the past 24 hours, reaching $0.5718. Its market cap has also risen by 2.02%, maintaining its position as the 6th largest cryptocurrency. With a weekly surge of 8.08%, XRP has navigated a bullish week. Notably, prominent XRP analyst XRP Whale continues to express bullish sentiments towards the Ripple-backed token, which is evident in recent <a href="https://twitter.com/realXRPwhale/status/1759793381784391969?s=20">posts </a>on X today, February 20. Here’s what’s next in XRP price.&nbsp;</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/top-reasons-why-bitcoin-price-will-hit-100k-in-2024-crypto-expert-lark-daviss-bold-prediction/">Top Reasons Why Bitcoin Price Will Hit $100K in 2024 – Crypto Expert Lark Davis’s Bold Prediction</a></p> 
<h2 class="wp-block-heading" id="h-analyst-s-insight-on-xrp-s-2-target"><strong>Analyst’s Insight on XRP’s $2 target</strong></h2> 
<p>XRP’s price has been climbing again after a market slump caused by the approval of nine Bitcoin ETFs. Now, experts suggest XRP might be gearing up for a major surge. Looking at the key parameter, the Relative Strength Index (RSI) analysis for the Bitcoin-XRP trading pair shows a potential surge for XRP. According to Dark Defender, a crypto expert, the current RSI, <a href="https://x.com/DefendDark/status/1759170553821135059?s=20">compared </a>to previous bull runs in 2017 and 2021, indicates similarities and predicts a surge as high as $2.</p> 
<p>His analysis is backed by historical figures; for instance, in December 2017, XRP surged from $0.20 to an all-time high of $3.84 in just a month. Similarly, in 2021, it rose from $0.50 to above $1.50 in over a month.</p> 
<h2 class="wp-block-heading" id="h-technically-it-s-time-to-accumulate"><strong>Technically, it’s Time to Accumulate</strong></h2> 
<p>While technical analysis from TradingView shows a more neutral stance, oscillators rating XRP as a “buy” and moving averages as a “sell,” recent performance indicates a potential continuation of its upward trend. XRP has generally increased over the past 52 weeks, with gains of 44.76%. Despite a decline in January, recent movements show signs of recovery, with a 2.78% increase in the last 30 days and 6.67% in the last week.</p> 
<p>At the time of writing, XRP is valued at $0.56, experiencing a slight decline of 0.10% in the last 24 hours. Despite a 10% drop in trading volume, XRP holders have seen nearly 8% weekly gains, highlighting underlying resilience.</p> 
<p>Overall, the crypto market expects surprises as XRP prepares for a major discovery phase in its legal battle with the SEC.</p>

Ripple Price Prediction: Will XRP Price Hit $2 in 2024?

목차

CoinPedia News

2024년 2월 20일에 게재된 다른 기사

Ethena’s USDe stablecoin hits public mainnet, backed by ETH hedges for liquidity

AllianceBlock Transforms into Nexera Foundation, Unveils Nexera Finance Boosting Future of Tokeni...

Best Crypto to Buy Now February 20 – Arweave, Beam, Dymension

Ethereum, Shiba Inu, and BEFE Coin Price News: Has the Bull Run Started?

Hong Kong Sets Stage for Tokenization Sector Expansion

Shiba Inu Price Poised for 5% Drop this Week, But There’s a Catch

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!