• A number of crypto analysts predict that the value of XRP may hit $5 by 2024.
• One analyst believes the remittance token value may rise to $50.
• On the time of writing, XRP was buying and selling at $0.4686 after a 1.59% drop in value.

Over the previous few weeks, a number of cryptocurrency merchants and analysts have predicted that the value of Ripple (XRP) may attain $5 by 2024. In a tweet, a cryptocurrency analyst mentioned Cap shouldn’t be underestimated as the one cryptocurrency that has been in a position to surpass Ethereum (ETH) available in the market.

In response to this tweet, one other analyst believes that whereas XRP could not hit $100 or $50 after the SEC lawsuit, it nonetheless believes remittance tokens will hit $5, which remains to be a giant deal. mentioned it was a feat. In the meantime, analyst EGRAG CRYPTO additionally shared an XRP value prediction in a tweet earlier this month.

Analysts say XRP will stay within the accumulation zone till it breaks via the decrease yellow space. He added, “XRP will want confidence to enter the white space. Till then, the drag may proceed till Q1 2024.”

Regardless of this, EGRAG CRYPTO nonetheless believed that XRP may expertise a big surge. Probably, XRP may hit $2.8 to $4.6.

This explicit transfer represents a extra huge first wave and will see a downward correction to $1 earlier than embarking on a formidable and difficult journey to kick off the third wave. Analysts say this third wave may push XRP value as excessive as $50.

On the time of writing, CoinMarketCap has proven that XRP is buying and selling at $0.4686 after a value drop of 1.59% over the previous 24 hours. In consequence, the remittance token was buying and selling barely nearer to its day by day excessive of $0.4775 than its 24-hour low of $0.4565.

The decline in XRP’s value over the previous day pushed the weekly efficiency additional to the pink zone of -8.07%. XRP ranked because the sixth largest cryptocurrency with a market capitalization of $24,486,695,231. This places it in fifth place, simply behind USD Coin (USDC).

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