Ripple (XRP) is another leading cryptocurrency that has had a significant 2024. Embroiled in a heated legal spat with the US SEC, the token has held its ground, to later emerge as a complete winner. At press time, XRP is up 14%, sitting at $0.79, gaining traction as speculations of US SEC head Gary Gensler resigning from his position went viral on social circuits. That being said, can XRP claim the ambitious $1 price spot sooner than predicted timelines?
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XRP Soars On Speculations Concerning Gensler’s Resignation
Ripple (XRP) is currently sitting at a high price spot of $0.79. The token has recorded a new surge of 14%, as the speculatory spree hints at Gensler’s resignation, adding more fuel to the XRP’s price spike. The development, coupled with the positive market momentum, has helped XRP secure a new price spot of $0.79.
https://twitter.com/WatcherGuru/status/1857148361251385484
Similarly, Gensler is also being sued by 18 US states on grounds of overreach and unfair prosecution of the crypto industry. The development has also bolstered XRP, giving it a boost to hit new highs.
JUST IN: 🇺🇸 18 US states sue the SEC, alleging unconstitutional overreach and unfair persecution of the crypto industry under Gary Gensler.
— Watcher.Guru (@WatcherGuru) November 14, 2024
In addition to this, various crypto analysts have also been forecasting positive price predictions concerning XRP. One noteworthy crypto analyst, Egrag Crypto, shared how Ripple may ultimately hit the $1.5 mark by mid-December, given the token’s consistent price pace and the quest to break out in a grand manner.
“#XRP Genuine Wake-Up Line (Update)-Date Mid-December 2024: Nothing has changed—the same targets, the same stance! But now, let’s lock in a date. #XRP has broken out to the upside, hitting $0.74c. This is super #Bullish because we’ve officially broken through the Genuine Wake-Up Line! Here’s the plan: Weekly closes above $0.60c are crucial now, confirming the breakout with a solid retest. . Short-Term Targets: $1.3 – $1.5 before we revisit the triangle breakout point. Timeline: All of this should unfold by mid-December 2024—then, get ready for fireworks! Expect an ATH and beyond! ”
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The Token’s Weekend Price Prediction: Is A New ATH On The Cards For The Crypto?
Per CoinCodex, XRP may surge by a whopping 6% to hit the $0.86 mark by November 17, 2024.
Ripple may, however, fall back to sit at $0.89 by November end.
“According to our current Ripple price prediction, the price of XRP is predicted to rise by 14.51% and reach $ 0.917792 by December 15, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 80 (Extreme Greed). XRP recorded 18/30 (60%) green days with 9.45% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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