The post Where’s XRP Headed Next Soon? appeared on BitcoinEthereumNews.com.

TL;DR Global cryptocurrency market cap surpasses $1.7 billion, with mixed performances; Solana (SOL) and others gain, while Ripple’s XRP remains stable but is expected to rally. Analyst EGRAG CRYPTO presents two XRP price paths: a potential rise to $0.70 by end-2023 and over $0.85 by mid-January 2024, or a short-term dip below $0.55 with a subsequent recovery. Predictions for XRP’s future include reaching $1.88 and then an all-time high of $5.85 by Q2 2024, as forecasted by analyst Dark Defender, while Bitcoin analyst Muro expresses confidence in an imminent surge. When is XRP Expected to Break Out? The global cryptocurrency market capitalization has once again surpassed the $1.7 billion mark, with multiple digital assets such as Solana (SOL), NEAR Protocol (NEAR), and Avalanche (AVAX) charting substantial gains in the past days. However, others like XRP have experienced little-to-no price volatility as of late. Multiple crypto analysts, though, seem undeterred by that trend, envisioning a future rally for Ripple’s native token. The X (Twitter) user EGRAG CRYPTO presented a chart depicting two possible paths the asset might take in the upcoming weeks. The first one, described as a “blue trajectory,” indicates that XRP could spike to as high as $0.70 before the end of 2023 and surpass $0.85 in mid-January next year. The “yellow trajectory” is a bit more bearish in the short term, suggesting the asset might plunge below $0.55 by Christmas but still take the offensive next month.  “I’m leaning toward the blue trajectory, although a dip to 0.55c remains possible. This might just be our final opportunity to snag XRP at these rates,” the analyst stated. XRP at $5.85 Remains a Target Another person who chipped in is the one using the X handle Dark Defender. The analyst warned people to ignore “FUD,” claiming XRP remains poised to spike to…

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Filed under: News - @ December 26, 2023 10:16 am