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<p>The post <a href="https://coinpedia.org/price-analysis/ripple-price-prediction-will-xrp-price-hit-2-in-2024/">Ripple Price Prediction: Will XRP Price Hit $2 in 2024?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>While crypto markets prepare to hit $2 trillion, bull optimism has soared. This means the bulls are slowly strengthening, pushing <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a> higher. The last bullish surge broke above the declining barrier after repeated attempts. Thus, the impending rally may turn the token around, but there may be barriers.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-will-xrp-price-springs-in-february-or-march-be-decisive"><strong>Will XRP Price Springs in February or March be decisive?</strong></h2> 
<p>In February 2024, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP has been making waves in the crypto world</a>. Some big wallets suddenly sold off $100 million worth of XRP while vast amounts of money flowed in, reaching up to $1 billion in a single day. Investors are eyeing XRP more closely as Ripple Labs wins battles against the SEC. However, recent developments show the legal fight isn’t over yet.</p> 
<p>As of the latest update, XRP has experienced a 2.04% increase in price over the past 24 hours, reaching $0.5718. Its market cap has also risen by 2.02%, maintaining its position as the 6th largest cryptocurrency. With a weekly surge of 8.08%, XRP has navigated a bullish week. Notably, prominent XRP analyst XRP Whale continues to express bullish sentiments towards the Ripple-backed token, which is evident in recent <a href="https://twitter.com/realXRPwhale/status/1759793381784391969?s=20">posts </a>on X today, February 20. Here’s what’s next in XRP price.&nbsp;</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/top-reasons-why-bitcoin-price-will-hit-100k-in-2024-crypto-expert-lark-daviss-bold-prediction/">Top Reasons Why Bitcoin Price Will Hit $100K in 2024 – Crypto Expert Lark Davis’s Bold Prediction</a></p> 
<h2 class="wp-block-heading" id="h-analyst-s-insight-on-xrp-s-2-target"><strong>Analyst’s Insight on XRP’s $2 target</strong></h2> 
<p>XRP’s price has been climbing again after a market slump caused by the approval of nine Bitcoin ETFs. Now, experts suggest XRP might be gearing up for a major surge. Looking at the key parameter, the Relative Strength Index (RSI) analysis for the Bitcoin-XRP trading pair shows a potential surge for XRP. According to Dark Defender, a crypto expert, the current RSI, <a href="https://x.com/DefendDark/status/1759170553821135059?s=20">compared </a>to previous bull runs in 2017 and 2021, indicates similarities and predicts a surge as high as $2.</p> 
<p>His analysis is backed by historical figures; for instance, in December 2017, XRP surged from $0.20 to an all-time high of $3.84 in just a month. Similarly, in 2021, it rose from $0.50 to above $1.50 in over a month.</p> 
<h2 class="wp-block-heading" id="h-technically-it-s-time-to-accumulate"><strong>Technically, it’s Time to Accumulate</strong></h2> 
<p>While technical analysis from TradingView shows a more neutral stance, oscillators rating XRP as a “buy” and moving averages as a “sell,” recent performance indicates a potential continuation of its upward trend. XRP has generally increased over the past 52 weeks, with gains of 44.76%. Despite a decline in January, recent movements show signs of recovery, with a 2.78% increase in the last 30 days and 6.67% in the last week.</p> 
<p>At the time of writing, XRP is valued at $0.56, experiencing a slight decline of 0.10% in the last 24 hours. Despite a 10% drop in trading volume, XRP holders have seen nearly 8% weekly gains, highlighting underlying resilience.</p> 
<p>Overall, the crypto market expects surprises as XRP prepares for a major discovery phase in its legal battle with the SEC.</p>

Ripple Price Prediction: Will XRP Price Hit $2 in 2024?

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