Although Ripple’s XRP token is in the greens across the board, the asset’s price fell from $0.60 to $0.56 in a few hours on Feb. 28, 2024. Nonetheless, the asset has seen a healthy turnaround over the last few weeks. XRP is currently up by over 10% in the weekly charts, 9.5% in the 14-day charts, and 11.5% over the previous month. Additionally, the popular cryptocurrency is up by nearly 58% since February 2023.
Also Read: Ripple XRP: Can XRP Rally 80% and Reach $1 In March 2024?
XRP’s latest rally is likely due to Bitcoin (BTC) reclaiming the $61k price point, a level last seen in 2021 over two years ago. Many speculate that we are entering another 2021-like bull run. Bitcoin (BTC) and other assets may hit new all-time highs this year.
Ripple’s XRP to hit $0.91?
According to an X post by cryptocurrency analyst Dark Defender, XRP could hit $0.6462 on Mar. 1, 2024, an increase of about 8.4% from current levels. Moreover, the analyst predicts XRP to reach as high as $0.9191 by Mar. 10 or 13, 2024. Reaching $0.91 from current levels would translate to a growth of about 54%.
Changelly, on the other hand, does not anticipate Ripple’s XRP to hit $0.91 anytime soon. The platform anticipates a maximum price of $0.89161083 for 2024. However, Changelly expects XRP to breach the $1 mark in 2025.
Also Read: Ripple XRP: How To Be a Millionaire if XRP Reclaims $3.40 Peak?
Telegaon, however, anticipates XRP to reach a maximum price of $2.28 in 2024. Reaching $2.28 from current levels would translate to a growth of about 286.4%.
Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission) is one of the most significant barriers to XRP’s price. Although the fintech company received a favorable verdict from a US district court last year, the suit has entered the high court, and investors await a ruling.
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