The previous few years have been a wrestle for XRP, primarily due to the SEC lawsuit. The coin is at the moment buying and selling at $0.52 (on the time of writing), with a 0.96% surge up to now 24 hours.
The general finance market is rejoicing with the approval of Bitcoin and Ethereum ETF. Nonetheless, not like many of the different main tokens, XRP has did not showcase immense progress in 2024.
Whereas the information is alarming, some analysts see it as pent-up momentum. Specialists are drawing parallels to XRP’s efficiency in 2017 to focus on a historic sample.
The coin lay dormant for some time within the 12 months earlier than making the unexpected 63,000% surge in months. Specialists have additionally identified that XRP appears to be paying homage to its efficiency in 2020 and 2017.
Below such eventualities, an asset of XRP’s caliber can showcase excessive fluctuations. Nonetheless, XRP’s worth motion has already solidified its place out there. XRP holders are praying for the SEC lawsuit to return to an finish.
With the ETF buzz and the upcoming XRP stablecoin, XRP can get a lift for an optimistic outlook. If this occurs, XRP can attain as excessive because the $2 mark in 2024 alone.
Even then, the coin could be removed from its all-time excessive of $3.84, achieved in 2018. By way of market cap, the coin at the moment holds the seventh place among the many high cryptocurrencies.
Whereas there isn’t a certainty with cryptocurrencies, XRP seems to be within the excellent spot to make a miraculous comeback. The most important hurdle in its course appears to be the SEC lawsuit, which could nonetheless take time to wrap up.
