The post XRP Price Could Hit $4, Says Crypto Expert – Key Pattern appeared on BitcoinEthereumNews.com.

XRP has surged 292.55% in 2024, with a price rise from $0.50 to $2.41. Analysts are bullish on its potential, with price targets reaching $48 A bull flag chart pattern suggests XRP could hit $4 soon, though a brief correction may occur before the next rally. Ripple’s XRP, which is the native currency of the Ripple network, has had an incredible run in the recent past, and it looks forward to having a magnificent end of the year. The price of XRP, particularly the first three quarters of the year 2024, has remained relatively dormant until a surge with the entire market later in November due to the U.S. presidential elections. Since December, the price of XRP has risen from $0.50 to $2.41 a token, although it did peak at $2.71 early in the month. Ripple’s Ecosystem and XRP’s Growth Outlook for 2024 Year-to-date (YTD) performance for XRP has been great, reaching 292.55%. Holding cryptocurrency has also benefited through an astronomical 261.95% increase within a one-month period. These gains put XRP at the top of the charts regarding actual performance, especially for a currency currently being used across certain parts of the financial world. While many other cryptocurrencies have undergone similar rises in value, XRP has a clear utility in its use case for cross-border payments and decentralized finance (DeFi) sectors. The cryptocurrency market is much more optimistic after Ripple successfully established a stablecoin called RLUSD with the New York Department of Financial Services (NYDFS). This approval is a major step forward for Ripple in its bid to penetrate the regulated financial industry and expand the use cases for XRP. Most cryptocurrency experts believe that XRP is here for the long term, with some predicting a price spike of up to $48. These predictions influence our assumptions about XRP’s growth relative…

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Filed under: News - @ December 15, 2024 2:29 pm