XRP has seen a tremendous uptrend as prices soared high from $0.5787 to $0.7136 in the past week. With a performance of 23.31% in 7 days, it might be a good idea to know whether the price of XRP will continue to go up or adjust lower. Will XRP price go higher? Let’s analyze in this XRP price prediction article.
XRP Price Analysis: Why is XRP Price UP?
XRP’s price reacted directly to news and speculation in the crypto scene. The buzz around the Bitcoin ETF approval sent ripples throughout the crypto space, bolstering XRP’s value. Despite the ETF news being a rumor, XRP’s price remained elevated, signaling renewed hope in the crypto market. The buying power was evident as it boosted XRP’s prices, with a 36.56% increase over the past month, and a current market cap of around $38.2 Billion.
Is XRP a Good Buy Today?
XRP lagged for quite a while, with prices consolidating for more than 2 months. The prices crashed hard to reach a low of $0.4756, the lowest price in 2024. However, with the crypto market on the rise, now is considered a good time to buy XRP, especially as it shows signs of a bullish trend.
XRP Price Prediction: How High will XRP Go?
While it might be a bit too late for XRP prices to reach the all-time high (ATH) within less than 2 months as we approach the end of the year, positioning yourself by buying around support areas could be a wise move. The current momentum suggests a potential target of $1 soon, but reaching the ATH might require a longer-term perspective.
How to Buy XRP?
Bitget is currently a good option to buy XRP. Known for its safety and ease of use, Bitget allows new users to get started with cryptocurrency purchases quickly. To buy XRP on Bitget, create an account, complete the necessary KYC procedures, deposit funds, and you’ll be ready to trade XRP.
What is XRP Crypto?
XRP is the digital asset native to the Ripple network, known for its real-time gross settlement system, currency exchange, and remittance network. Created by Ripple Labs Inc., XRP aims to enable secure, instant, and nearly free global financial transactions of any size with no chargebacks.