Top Ripple (XRP) price predictions after rise above $1

TL;DR

The price of XRP rose, fueled by speculation about a possible pro-crypto switch at the US SEC. Analysts are predicting more earnings, with targets ranging as high as $13. More inbound rally?

Ripple’s XRP has been one of the leaders in the crypto market lately. A few days ago, its price touched a three-year high of $1.20, while currently, it is around $1.16 (according to CoinGecko data). Meanwhile, XRP’s market capitalization rose above $65 billion, making Dogecoin (DOGE) the sixth largest cryptocurrency.

XRP Price, Source: CoinGecko

Perhaps the most apparent factor fueling the asset’s bull run is growing speculation that Gary Gensler (the current chairman of the US SEC) may soon step down. During his tenure, the agency has filed countless lawsuits against crypto companies, including Ripple. The community is hoping for a pro-crypto replacement, and some rumors suggest that this could be the case.

Several analysts believe that XRP has yet to pump hard. User X EGRAG CRYPTO claimed that the asset is no longer trading next to the “genuine wake-up line”, suggesting that “a mega move” to a new all-time high of $7 could be on the horizon.

Dark Defender was even more optimistic. The strategist believes that the minor correction will last only a few days and that XRP will “continue the momentum”.

“You might not believe it, and it might seem artificial, but it’s not: we have a gold target of $13.085 (NFA) that was clear yesterday. Strange, isn’t it? The consolidation process will continue,” they predicted.

Crypto King also chimed in, although he laid out a more modest forecast than the aforementioned analysts.

$XRP / USDT ( UPDATE )

Probably next stage to $1.5 soon. As liquidity flows into altcoins, I sit down #XRP will send strong pic.twitter.com/vgWuBTdSqj

— Crypto King.eth.sol (@cryptosanthoshK) November 18, 2024

Previous predictions

Other popular analysts predicting bright days ahead for XRP include CryptoBull and Crypto Assets Guy. The former described the $1.28 level as the most important barrier in the near future, speculating that the next target could be $1.96 and eventually a new peak near $4.

Crypto Assets Guy believes XRP will explode into double-digit territory this cycle, asking the community if they think a triple-digit scenario is plausible. The answers ranged from “yes, of course” to “no, never”. It’s worth mentioning that XRP’s market cap will have to soar to over $5.3 trillion if the price reaches $100.

At the moment, the entire market capitalization of the industry is approximately $3.2 trillion, which makes the assumption highly unlikely.

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