Exploring Ripple’s XRP Price: Will It Surge in 2024?

Explore the potential surge of Ripple's XRP price in 2024, analyzing its dynamic market journey and key factors influencing its future growth.

Kieth Rean Garcia

Kieth Rean Garcia

January 2, 2024 8:39 AM

Exploring Ripple’s XRP Price: Will It Surge in 2024?

In this article, we delve into the fluctuating journey of Ripple’s XRP throughout 2023. The year saw XRP’s price starting at a modest $0.35 per token, soaring to a peak of $0.82, and eventually stabilizing around $0.62. Such fluctuations underscore the dynamic and unpredictable nature of the cryptocurrency market, setting the stage for a discussion on whether XRP will experience a surge in the coming year, 2024.

Analyzing XRP Price’s Technical Indicators

The Relative Strength Index (RSI) for XRP stands at 52, indicating a market that is neither overbought nor oversold. This neutral position often precedes significant price movements.

  1. Moving Averages (MA): A look at the short-term and long-term moving averages can offer clues about the trend direction. If XRP’s price is consistently above its short-term moving averages (like the 20-day or 50-day MA), it indicates a bullish trend, whereas trading below these averages might suggest bearish momentum.
  2. Bollinger Bands: The current state of these bands can shed light on market volatility and upcoming price movements.
  3. Fibonacci Retracement Levels: These levels can be instrumental in identifying potential support and resistance levels. If XRP’s price retraces to key Fibonacci levels (like 38.2% or 61.8%) and holds, it could indicate a strong area of buying or selling interest.
  4. Volume Analysis: High trading volumes alongside price increases confirm the trend’s strength, while low volumes might suggest weak conviction.


The Ripple Lawsuit and Its Impact on XRP Price

A significant factor affecting XRP’s price is the ongoing lawsuit with the SEC. The lawsuit, which has led to XRP being delisted from several American crypto brokerage services, is a major point of concern for investors. However, Ripple Labs is defending its conduct vigorously, seeking to set a legal precedent. The outcome of this lawsuit, expected to progress in 2024, could be a game-changer for XRP’s price.

Ripple’s Business Prospects and International Footprint

Despite the lawsuit, Ripple’s payment system continues to thrive internationally. The network’s trading volume spiked in late 2020, indicating strong usage of its quick-and-cheap payment system. Ripple is also exploring opportunities with central bank digital currencies (CBDCs) in collaboration with major banks, which could further enhance its value proposition.

Future Prospects of XRP Price: Evaluating Potential Growth

Considering the current indicators, technical analysis, and Ripple’s ongoing business developments, XRP’s price shows promise for growth. The next month could see a growth of 10% to 30%, depending on how market dynamics and investor sentiment evolve.


Ripple’s XRP stands at a pivotal point, with indicators pointing towards potential growth. Its current price and market indicators, combined with a thorough technical analysis and the backdrop of the SEC lawsuit, suggest a possible upward trend. Investors and market watchers should closely monitor XRP’s performance against key technical levels and market developments to fully understand its future trajectory.

Buy Cryptocurrency with Bitget with the CHEAPEST Fees

Bitget stands out as a reliable crypto exchange. It provides a user-friendly interface, making it easy for both beginners and experienced traders to navigate and make transactions at the lowest fees on the market. To get started with Bitget, you need to create an account, complete the necessary KYC procedures, and then you can begin trading a variety of altcoins available on the platform.


Kieth Rean Garcia
Article By

Kieth Rean Garcia

Kieth is an Article Writer, Digital Nomad, Web3 Enthusiast, and NFT Gamer, currently based in the Philippines. Actively involved in the blockchain space for 3 years, his work spans across writing and exploring the potentials of Web3 and NFTs.

Latest articles on Cryptoticker

View All

Regular updates on Web3, NFTs, Bitcoin & Price forecasts.

Stay up to date with CryptoTicker.