Ripple (XRP) has found renewed optimism so far in 2024. One prominent crypto analyst is reviving bold calls for Ripple’s native XRP to march back toward its all-time high, with $5 targeted in the next 90 days.
In a recent tweet, crypto trader EGRAG Crypto declared, “I expect XRP to surge into the $5 range” over the next three months. He views this hypothetical move as “wave 1,” kickstarting a prolonged bull run over an extended period. The pronouncement comes as XRP decisively moves higher, gaining 9.2% over the past 24 hours.
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Such momentum has been lacking for Ripple’s token over the past few years amidst the ongoing SEC lawsuit alleging unregistered securities activities. Now clear of its 2022 lows, the $5 range represents a nearly 10x gain from current prices around $0.60.
Will XRP hit $5 in 90 days?
XRP still remains drastically below its January 2018 record of $3.84—over 80% lower. Research firm Changelly ventures $5 is more reasonable by July 2029, depending on shifting market conditions around Ripple XRP.
However, one potential catalyst could accelerate price gains: an XRP exchange-traded fund (ETF). Given XRP’s expanding utility for cross-border payments and liquidity management, its inclusion in an ETF would draw fresh institutional interest. The resulting demand influx could propel prices substantially higher.
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Ripple continues to push adoption by financial organizations and banks, leveraging its efficient blockchain. With Ripple emerging from its legal turbulence with momentum on fundamentals and price, calls for a return to former highs seem destined to intensify.
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