United

Solana

Dark

Dogecoin

<div class="finbold">
 <p class="paragraph">Although the majority of assets in the cryptocurrency sector are starting to slow down their gains or even flip into the red, XRP is one of the few that is still growing its price, and market participants are wondering – can XRP <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a> $1 sometime in the future?</p>
 <p class="paragraph">Indeed, the current price of the XRP token, which at press time stood at $0.57, suggests a 1.7% gain in the last 24 hours, in addition to growing 7.74% across the previous week, advancing 2.78% over the month and accumulating an increase of as much as 44.59% in the last year.</p>
 <figure class="wp-block-image"><img decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/02/20/dabdc3509a8825ca538491275e1e2758.webp" alt class="wp-image-156042" srcset="https://cdn.thebittimes.com/images/2024/02/20/dabdc3509a8825ca538491275e1e2758.webp 1200w, https://cdn.thebittimes.com/images/2024/02/20/dabdc3509a8825ca538491275e1e2758.webp 300w, https://cdn.thebittimes.com/images/2024/02/20/dabdc3509a8825ca538491275e1e2758.webp 1024w, https://cdn.thebittimes.com/images/2024/02/20/dabdc3509a8825ca538491275e1e2758.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>XRP 12-month price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">On top of that, recent data shows that XRP has added over $2 billion to its market capitalization in the last week alone, albeit still dragging its feet behind Solana (SOL), which overthrew it from its position as the fifth-largest crypto asset by this indicator late last year – as Finbold reported on December 21.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Dogecoin price prediction as DOGE surpasses 1 million daily transactions in February <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    XRP set to soar as expert identifies '2024 Run' to $2 <span class="self-center text-xs text-slate-500">21 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 cryptocurrencies under $0.10 to buy this week <span class="self-center text-xs text-slate-500">21 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    AllianceBlock rebrands as Nexera Foundation, unveils Nexera Finance to lead charge in tokenization <span class="self-center text-xs text-slate-500">21 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <figure class="wp-block-image"><img decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/02/20/dc6a58c7afe66af6237a27875685957c.webp" alt class="wp-image-156039" srcset="https://cdn.thebittimes.com/images/2024/02/20/dc6a58c7afe66af6237a27875685957c.webp 1200w, https://cdn.thebittimes.com/images/2024/02/20/dc6a58c7afe66af6237a27875685957c.webp 300w, https://cdn.thebittimes.com/images/2024/02/20/dc6a58c7afe66af6237a27875685957c.webp 1024w, https://cdn.thebittimes.com/images/2024/02/20/dc6a58c7afe66af6237a27875685957c.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>XRP 7-day market cap chart. Source: </em><em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-can-xrp-hit-1">Can XRP hit $1?</h2>
 <p class="paragraph">Interestingly, XRP has not just traded above the psychologically critical price threshold at $1 for nearly two months between December 21, 2017, and February 1, 2018, but has also briefly surpassed the $3 price mark, hitting an all-time high (ATH) at $3.4 on January 7, 2018.</p>
 <p class="paragraph">With such price action, XRP has demonstrated its capability to grow its price remarkably, considering it managed to grow its price by a whopping 1,378% in a matter of weeks, considering it was changing hands at the price of a mere $0.23 on December 10 – so such price targets are not that inconceivable.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="992" height="565" src="https://cdn.thebittimes.com/images/2024/02/20/9be6fc62200459b9f12cd1d3a09dd688.webp" alt class="wp-image-156041" srcset="https://cdn.thebittimes.com/images/2024/02/20/9be6fc62200459b9f12cd1d3a09dd688.webp 992w, https://cdn.thebittimes.com/images/2024/02/20/9be6fc62200459b9f12cd1d3a09dd688.webp 300w, https://cdn.thebittimes.com/images/2024/02/20/9be6fc62200459b9f12cd1d3a09dd688.webp 768w" sizes="(max-width: 992px) 100vw, 992px">
  <figcaption class="wp-element-caption"><em>XRP all-time price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-does-xrp-have-a-future">Does XRP have a future?</h2>
 <p class="paragraph">In terms of the price of XRP for the near future, i.e. in the next 30 days, the advanced machine learning algorithms used by the crypto market analytics and forecasting platform <em>PricePredictions </em>see a slight increase, having it set to <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a> $0.6034 by March 20, 2024, as per data retrieved on February 20.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1440" height="700" src="https://cdn.thebittimes.com/images/2024/02/20/17a8de1581734851f270323348871eec.webp" alt class="wp-image-156043" srcset="https://cdn.thebittimes.com/images/2024/02/20/17a8de1581734851f270323348871eec.webp 1440w, https://cdn.thebittimes.com/images/2024/02/20/17a8de1581734851f270323348871eec.webp 300w, https://cdn.thebittimes.com/images/2024/02/20/17a8de1581734851f270323348871eec.webp 1024w, https://cdn.thebittimes.com/images/2024/02/20/17a8de1581734851f270323348871eec.webp 768w" sizes="(max-width: 1440px) 100vw, 1440px">
  <figcaption class="wp-element-caption"><em>XRP 30-day price forecast. Source: </em><em>PricePredictions</em>
  </figcaption>
 </figure>
 <p class="paragraph">As the above data suggests, the platform, which relies on indicators like moving average convergence divergence (MACD), Bollinger Bands (BB), relative strength index (RSI), and average true range (ATR), predicts that XRP could grow by 5.87% compared to its current price.</p>
 <p class="paragraph">At the same time, the RSI action for the XRP – Bitcoin (BTC) trading pair on its weekly chart matches those witnessed before the 2017 and 2021 bull runs, with the possibility of it soaring to as high as $2 during the possible 2024 bull run, as per the observations by crypto analyst <em>Dark Defender</em> shared on February 19.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="900" height="506" src="https://cdn.thebittimes.com/images/2024/02/20/6cfe1a77d0b479a6f1758a9488e006eb.webp" alt class="wp-image-156040" srcset="https://cdn.thebittimes.com/images/2024/02/20/6cfe1a77d0b479a6f1758a9488e006eb.webp 900w, https://cdn.thebittimes.com/images/2024/02/20/6cfe1a77d0b479a6f1758a9488e006eb.webp 300w, https://cdn.thebittimes.com/images/2024/02/20/6cfe1a77d0b479a6f1758a9488e006eb.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>XRP-Bitcoin pair analysis. Source: </em><em>DefendDark</em>
  </figcaption>
 </figure>
 <p class="paragraph">On top of that, XRP boasts a bullish sentiment on its 1-day, 1-week, and 1-month gauges at <em>TradingView</em>, all of which suggest a ‘buy’ for the asset that has been at the center of the legal struggle between the United States Securities and Exchange Commission (SEC) and Ripple over XRP issuance and status.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="467" src="https://cdn.thebittimes.com/images/2024/02/20/9a4012c172c2a78899e3b38994e36b6d.webp" alt class="wp-image-156044" srcset="https://cdn.thebittimes.com/images/2024/02/20/9a4012c172c2a78899e3b38994e36b6d.webp 1600w, https://cdn.thebittimes.com/images/2024/02/20/9a4012c172c2a78899e3b38994e36b6d.webp 300w, https://cdn.thebittimes.com/images/2024/02/20/9a4012c172c2a78899e3b38994e36b6d.webp 1024w, https://cdn.thebittimes.com/images/2024/02/20/9a4012c172c2a78899e3b38994e36b6d.webp 768w, https://cdn.thebittimes.com/images/2024/02/20/9a4012c172c2a78899e3b38994e36b6d.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>XRP 1-month sentiment gauges. Source: </em><em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, XRP has enough strength to further its gains and even cross the $1 level at one point in 2024, perhaps going further upwards and beyond this threshold. However, it is important to carry out one’s own research and weigh the risks before investing in any asset.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/will-xrp-ever-reach-1-tbt80277.html">https://thebittimes.com/will-xrp-ever-reach-1-tbt80277.html</a></p>

Will XRP ever reach $1?

Indice dei contenuti

TheBitTimes

Altri articoli pubblicati su 20 feb 2024

Hedera (HBAR) Soars By 13%, Analyst Predicts Doubling Soon

Streaming sensation DeeStream (DST) secure Avalanche (AVAX) investors as Bitcoin (BTC) experts sa...

StarkNet: Enhancing Blockchain Scalability and Privacy

PIXEL token soars 16% as trading volume reaches $1b

Mike Novogratz's Galaxy Digital Buys $76 Million in Ethereum From Major Exchanges

Fostering Sustainable Innovation: The Zetrix Global Accelerator Programme

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!