Ripple (XRP) Price Prediction: Is 100x Possible in 2024? As sentiment in the Ripple (XRP) community has quickly gone from bearish to bullish over
JetBolt (JBOLT) coin is making waves in the crypto world with XRP whales accumulating the new altcoin during JetBolt’s debut presale.
As XRP price movements show little progression with the coin trading sideways, many XRP promoters and maxis are exploring the possibility of 100x growth for XRP in 2024. However, most industry experts predict that XRP’s price will reach a maximum price range of $0.65 to $0.75 in 2024.
On the other hand, crypto analysts point to ongoing Ripple (XRP) price volatility, making it unlikely for XRP to reach the $1 price point in 2024. XRP’s price has been trading within the range of $0.31 to a maximum of $0.58 over the past few months.
Some XRP maxis are hoping for a $1 XRP price move, but crypto analysts point to ongoing Ripple (XRP) price volatility. XRP’s price has been trading within the range of $0.31 to a maximum of $0.58 over the past few months.
Meanwhile, Ripple (XRP) selloff fears and speculation were rife following Ripple Chairman Chris Larsen’s transfer of 50 million XRP tokens to a new wallet address. Some crypto commentators also fear the possibility of a hack, given that another one of Larsen’s wallets was previously compromised earlier this year, leading to the over 200 million XRP tokens being stolen.
In that prior instance, Binance’s Richard Teng announced that the exchange managed to recover some of the past stolen funds.
However, Larsen’s recent transfer activity did not result in further XRP selloff, and XRP’s price even underwent a small 1% pump in the last 24 hours. Blockchain reporters attribute this Ripple XRP price increase to growing bullish macro crypto market sentiment.
As investor and crypto whale activity increases on the back of the US Federal reserve rate cuts, buyers are seeking out new coins like JetBolt (JBOLT), Toncoin (TON), and Kaspa (KAS) among others.
According to XRP price technical analysis from MCO Global, XRP might experience a weak “B Wave” and could have a price breakout should XRP price surpass the $0.6 level.
MCO Global analysts caution that despite the presence of a possible XRP Elliott Wave Triangle and the possibility for XPR price to move up more directly, current XRP price volatility warrants further observation of Ripple’s XRP price in the days to come.
As Ripple (XPR) continues to trade sideways with a slight progression, XRP holders are turning to next generation coins like JetBolt (JBOLT).
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