ripple (XRP) Price Prediction: Will $1 Come in April?
TL;DR
- The price of XRP rose to $0.62 with predictions that it will reach $1.40 in the short term due to a potential bull run.
- Factors contributing to the asset’s possible rise include the potential resolution of the ongoing lawsuit between Ripple and the US SEC, scheduled for April 23.
Ripple’s XRP is one of many cryptocurrencies experiencing a price increase today (March 21). Its value briefly rose to $0.62 and then retreated slightly to the current level of $0.61 (according to CoinGecko data).
Many analysts believe that this is just the beginning of a major bull run that could push the asset to multi-year highs in the near future.
An example is X user Dark Defender. suggested We think XRP can reach the $1 target in April due to reaching the previously shown resistance areas.
EGRAG CRYPTO also came into play, claims The Fibonacci 0.5 level has kept us afloat so far and the bulls appear poised to make a significant move, he added. The analyst believes these conditions could trigger a price increase of around $1.40 next month.
One of the factors that may contribute to the rise of XRP in the future is the greater adoption of XRP. Recall that earlier this week, leading cryptocurrency exchanges BitMEX and Atlantis Exchange were announced. introduced trading services with tokens.
Other companies that have relisted XRP in the past few months include Gemini, Coinbase, Kraken, Crypto.com, bitstamp, and many more.
Another element, and perhaps the most obvious, is the resolution of the case between Ripple and the US Securities and Exchange Commission (SEC). Hearing planned As parties recently for April 23 filed A joint letter seeking the justices’ approval “to manage sealing matters related to the briefing on the upcoming legal settlement.”
For those who want to check out additional signs that the XRP price may be on the verge of exploding during 2024, feel free to watch our video below:
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