Ripple’s native token XRP is currently trading around the $0.6 mark on Friday. The cryptocurrency faired well this quarter as it surged nearly 30% in a month. The altcoin is attracting bullish sentiments after being in the downturn for nearly six months this year. Despite being in the top 10 cryptocurrencies list, the altcoin remains on the back foot this year in 2024.
Now that the altcoin is on the rise, will it end the month on a higher note or dip? In this article, we will highlight how high or low XRP could trade in the charts.
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Ripple: XRP Price Prediction For July End
Leading on-chain metrics and price prediction firm CoinCodex has painted a bullish picture for Ripple’s XRP. The forecast estimates the cryptocurrency to surge by another 20% from its current price of $0.60. The price prediction claims that Ripple’s native token will spike in price touching a high of $0.72 by the end of the month.
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Therefore, an investment of $1,000 could turn into $1,200 in the next five days if the forecast turns out to be accurate. “According to our XRP price prediction, it is forecasted to trade within a price range of $ 0.605966 and $ 0.786484 this week. It will increase by 20% by July 31, 2024, if it reaches the higher value target,” read the prediction.
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However, there is no guarantee that Ripple’s native token XRP could climb 20% in the next five days. The cryptocurrency market is highly volatile and cuts both ways delivering massive losses to investors.
It is advised to do thorough research before taking an entry position into the altcoin. Trade at your own risk in Ripple’s native cryptocurrency as it’s been more than six years since it climbed above its ATH of $3.40, which it reached in January 2018.
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