Ripple Price Prediction: Here’s When XRP Price Will Hit New ATH
The post Ripple Price Prediction: Here’s When XRP Price Will Hit New ATH appeared first on Coinpedia Fintech News
Hilton, an advocate for the XRP community and an investor himself remains optimistic despite Bitcoin and Ethereum leading the market’s decline with losses of 5% and 6%, respectively. His positive outlook stems from on-chain metrics and market dynamics, suggesting XRP may defy the prevailing trend.
Highlighting bullish on-chain data, Hilton points to a staggering 1.5 million XRP transactions in a single day and a steady uptick in wallet growth. These metrics indicate an upward momentum and a growing interest in XRP. According to him, the current market correction presents an opportune moment for investors. At its current price of 61 cents, Hilton believes XRP is undervalued and poised for significant upward movement.
XRP Price Prediction 2024
Anticipating positive catalysts for XRP, such as potential Bitcoin ETF approvals and the Bitcoin halving, Hilton suggests these external factors could potentially uplift the entire market, including XRP.
The analyst, who aligns himself with the XRP Army, revealed his ownership of XRP and ongoing accumulation, deeming the current price levels as a favorable entry point. He concludes by expressing confidence that XRP could surge to $1.50 or higher by the end of the first quarter of 2024, citing its potential for substantial growth.
In a significant legal development on July 13, a U.S. judge declared XRP not to be a security, ending a three-year legal dispute. Post this ruling, XRP’s value doubled within 24 hours, skyrocketing from $0.4711 to $0.8777, reaching a peak of $0.938 on various crypto exchanges. However, at the time of this report, XRP is trading at $0.61, experiencing a decline of over six percent.
