XRP is poised to experience a significant surge and surpass the $1 price mark by the end of 2024 and early 2025, according to predictions. This month, it is expected to reach $0.74, driven by renewed interest in the altcoin market. However, XRP’s price movement has been disappointing as it struggles to break critical resistance levels after a major drop from its 2023 high. Despite expectations that Ripple Labs’ regulatory clarification would push the asset to its all-time high price of $3.4, XRP has actually declined by 5% in the last 30 days and 6.4% Year-To-Date (YTD).
Currently, XRP is in a consolidation phase after breaking a key support level and falling to $0.58. Despite this stagnation and the ongoing legal battle with the US Securities and Exchange Commission (SEC), XRP holders anticipate a comeback triggered by the upcoming Bitcoin halving event. Analyst Michaël van de Poppe believes that there is a strong interest in purchasing altcoins, which could lead to a bullish trend for XRP.
However, some members of the crypto community doubt XRP’s ability to reverse its bearish trend, as it failed to make a significant impact in the previous Bitcoin halving. The consolidation phase, characterized by indecisiveness in the market, could potentially lead to a notable price spike in either direction. Historical patterns suggest that XRP could break out of this phase after the Bitcoin halving, as investor activity is expected to increase.
According to CoinCodex, XRP could experience a significant surge around the halving period and reach $0.748838, representing a 22% increase from its current level. Analysts believe that by the end of 2024 and early 2025, XRP could surpass the $1 mark. Other predictions suggest that XRP could reach a price range of $0.588150 to $0.748838 this week, with a projected increase of 27.32% by April 7, 2024.
Experts also predict that by 2025, XRP could reach a price range of $0.370551 to $1.828238, representing a potential gain of 211.41% compared to its current price. Changelly also supports this prediction, forecasting that XRP could reach $0.71 in April. Overall, the average XRP rate for April 2024 is expected to be around $0.714, with a minimum price of $0.609 and a maximum price of $0.818.