Ripple’s native token XRP is rallying in the charts and is up close to 25% in the last 30 days. The leading altcoin delivered decent profits to investors who took an entry position early this year. XRP attracted heavy bullish sentiments after Bitcoin climbed above the $68,000 mark this month.
The cryptocurrency experienced an influx of $3.9 billion trading volume in 24 hours making its price hit a monthly high of $0.64. Read here to know how high Bitcoin could trade in the charts before the halving in April 2024.
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Now that Ripple’s XRP is heading north, will the leading cryptocurrency climb above the $1 level? In this article, we will highlight a price prediction on how high XRP could trade in the next 12 months or more.
Ripple (XRP) Might Reach $1.73, Predicts Finder Experts
The Finder’s panel of cryptocurrency experts predict that Ripple’s XRP has the potential to climb above the $1 mark. According to Finders, XRP could reach a high of $1.73 next year sometime in 2024. That’s an uptick and return on investment (ROI) of approximately 170% from its current price of $0.64.
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Therefore, an investment of $10,000 made today could turn into $27,000 if the Finders price prediction turns accurate. Finders laid strong emphasis on Ripple’s payment system while summing up the price prediction. The Ripple network is providing payment solutions to several banks around the world facilitating ease of transactions.
“The prices of XRP would grow higher in the long term as Ripple’s payment and exchange facilitating technology is supported by strong banks and financial institutions,” said Shubham Munde, Senior Research Analyst at Market Research Future.
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At press time, Ripple was trading at $0.64 and is up nearly 0.5% in the 24-hours day trade. However, XRP is down close to 82% from its all-time high of $3.40, which it reached in January 2018.
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