XRP has long been waiting for a final push, a new trigger that may compel its price to surpass the critical $0.65 price barrier. Ripple, in the meantime, has established key global partnerships that have yet to sway the token’s price. Is a new ATH under work for XRP this September? Let’s find out.
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Ripple: New Developments
XRP is trading at $0.52, down 0.14% in the last 24 hours. The token is down 3% in the last seven days and 9% in the last month. Despite its grand win against the US SEC, XRP cannot shed market pressure and is gradually swaying back and forth between the $0.50-$0.55 price range.
Several leading crypto analysts have, however, issued bullish forecasts for XRP. According to Jack the Rippler, XRP is trading at a lower tier to bounce back noticeably eventually.
At the same time, the Ripple community is also vying for an XRP ETF, which can be a revolutionary change for the ripple ecosystem in the long run.
“About ETFs, I think it would be very sensible for someone to launch an XRP ETF, as XRP has been trading within the top 10 for how long, maybe its entire life. And on top exchanges like Coinbase and Kraken. It’s certainly in the top 5 of daily volume.” Ripple’s president Monica Long once shared.
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The Token’s Price Forecast For Mid-September
According to CoinCodex, September may be a bullish month for Ripple’s coin. Ripple is predicted to hit the $0.63 price mark by the end of this month.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.17% and reach $0.632603 by October 8, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 29 (fear). XRP recorded 14/30 (47%) green days with 3.54% price volatility over the last 30 days.”
At the same time, the token may hover in the $0.66 price range around September 20, only to stabilize at $0.63 around October 8, 2024.
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