XRP Price To Hit $4.5, Top Expert Reveals Potential Timeline

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As a seasoned researcher with over a decade of experience in the dynamic world of cryptocurrencies, I’ve seen my fair share of market volatility. The recent 12% plunge in XRP price might have sent shivers down the spine of many investors, but it’s important to remember that these fluctuations are part and parcel of the crypto game.

In the last 24 hours, the price of XRP has seen significant fluctuations, falling approximately 12%. This decline is occurring during a larger downturn in the cryptocurrency market, suggesting that investors’ appetite for risky investments may be decreasing. Nevertheless, experts in the field are still optimistic about XRP’s future direction, as one well-known figure in the crypto market has recently predicted that it could reach $4.5 at some point.

Top Expert Predicts XRP Price To Hit $4.5

The drop in XRP’s price has caused concern among investors, who expect it to fall even more. However, this recent dip might be just part of the overall growth trend in the cryptocurrency market. To provide some background, several analysts had earlier predicted that temporary declines would occur during the ongoing bull run for Bitcoin and other major altcoins.

Nevertheless, it’s worth noting that Ben Armstrong, an influential market expert and well-known figure in the crypto world (often referred to as The BitBoy), has expressed a positive outlook for XRP. In his recent posts, he predicts that Ripple‘s native cryptocurrency is primed for a significant increase. Specifically, Armstrong anticipates that XRP could reach $4.50 by the end of this year or as early as January 2025.

This remark has ignited enthusiasm within the market, particularly following a powerful surge in Ripple’s cryptocurrency price. Ripple’s native token reached a peak of $2.9 just last week, demonstrating robust market faith, although it hasn’t yet managed to surpass its all-time high of $3.84 recorded in 2018.

As a researcher observing the crypto landscape, I’m excited about the growing anticipation for pro-crypto regulations in the U.S., following Donald Trump’s election victory. Moreover, the recent announcement of Gary Gensler’s resignation as Chair of the US SEC, who is often seen as an adversary to the cryptocurrency sector, seems to have positively influenced market sentiment, adding more optimism to the mix.

What’s Next For Ripple’s Native Crypto?

Today, the value of XRP decreased by approximately 12%, trading at around $2.12. Its daily trading volume significantly increased by 57% to reach $21.42 billion. Interestingly, XRP reached a peak of $2.46 in the last 24 hours. It’s worth mentioning that the interest in XRP Futures contracts dropped by 22%, reflecting a pessimistic mood in the overall market. Notably, the broader crypto market is experiencing significant sell-offs, as investors seem to be pausing after the recent strong surge.

According to renowned cryptocurrency analyst Ali Martinez, there’s a bullish outlook for XRP. In his latest post, Martinez predicts that Ripple’s native crypto could drop back to around $2.25, offering investors a chance to buy at a reduced price. After this dip, he expects the asset’s value to surge towards the $4.40 mark, generating market enthusiasm.

Moreover, EGRAG CRYPTO, a well-known market analyst, also presented an insightful assessment on XRP. The analyst emphasized that if XRP manages to surpass the $2.70 mark in its closing price, it could potentially continue its upward trend. Furthermore, he highlighted that $1.96 is a significant threshold for XRP. Maintaining this level is crucial as doing so could allow XRP to keep moving northward. Essentially, if XRP maintains its position above the $1.96 level, it could continue on an upward trajectory, according to the analyst’s prediction.

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2024-12-10 18:57