Can XRP price reach $10 in a year?
The price of XRP has risen dramatically in recent days, approaching $0.60. Nevertheless, the rise of XRP coin was lower than that of the other two major cryptocurrencies, Bitcoin and Ethereum. number XRP price Did we hit $10 in an extreme bull market?
How has XRP price changed recently?
The price of XRP has risen dramatically over the past seven days. The value of the XRP coin increased by more than 3%. In the last 24 hours, it was over 6%. Therefore, the recent rise in Bitcoin price could cause its price to rise.
Since early February, the value of XRP has risen sharply. The price increased from $0.49 to $0.59. After several weeks of losses, XRP coin was able to rally significantly again.
Why were XRP profits so low earlier?
Unlike other altcoins such as Bitcoin, Solana, Avalanche, and Ethereum, the XRP exchange rate did not rise significantly in 2024. The explanation is clear. The legal conflict with the SEC is ongoing. Last year, Ripple was able to breathe a little easier because it only violated securities laws by selling tokens to institutions rather than ordinary investors.
In recent weeks, Ripple has had to produce more documentation to provide clarity on the topic of institutional trading. These developments hampered price gains in January. Trust in the XRP token is not particularly strong.
Can XRP price still reach $10?
However, the discrepancy may have the effect of making the XRP coin look particularly cheap at the moment. As a result, the price of XRP can rise very quickly during a parabolic bull market. Then legal issues arise and new investors just want to profit from your worries.
XRP coin is ideal for generating intense FOMO. As an alternative payment method within the existing banking system, this concept has the potential to attract many new investors. Moreover, this seems more serious than many memecoins, which can only benefit during exceptionally strong periods.
The mainstream needs to become more aware of the cryptocurrency industry, especially as the price of Bitcoin rises to all-time highs. This could cause the price of XRP to explode. It may hit a new all-time high above $3.80. In a very optimistic scenario, we could even imagine a $10 rise.
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