The post Will XRP ever reach $1? appeared on BitcoinEthereumNews.com.

Although the majority of assets in the cryptocurrency sector are starting to slow down their gains or even flip into the red, XRP is one of the few that is still growing its price, and market participants are wondering – can XRP reach $1 sometime in the future? Indeed, the current price of the XRP token, which at press time stood at $0.57, suggests a 1.7% gain in the last 24 hours, in addition to growing 7.74% across the previous week, advancing 2.78% over the month and accumulating an increase of as much as 44.59% in the last year. XRP 12-month price chart. Source: Finbold On top of that, recent data shows that XRP has added over $2 billion to its market capitalization in the last week alone, albeit still dragging its feet behind Solana (SOL), which overthrew it from its position as the fifth-largest crypto asset by this indicator late last year – as Finbold reported on December 21. XRP 7-day market cap chart. Source: CoinMarketCap Can XRP hit $1? Interestingly, XRP has not just traded above the psychologically critical price threshold at $1 for nearly two months between December 21, 2017, and February 1, 2018, but has also briefly surpassed the $3 price mark, hitting an all-time high (ATH) at $3.4 on January 7, 2018. With such price action, XRP has demonstrated its capability to grow its price remarkably, considering it managed to grow its price by a whopping 1,378% in a matter of weeks, considering it was changing hands at the price of a mere $0.23 on December 10 – so such price targets are not that inconceivable. XRP all-time price chart. Source: Finbold Does XRP have a future? In terms of the price of XRP for the near future, i.e. in the next 30 days, the…

---

Filed under: News - @ February 20, 2024 2:24 pm