Long story short

  • XRP’s recent growth: XRP’s price has risen 80% this year, driven by Ripple’s partial legal victory and the cryptocurrency market’s recovery. Currently consolidating around $0.60, it is expected to grow further before the end of the year.

  • Bullish Prediction: XRP is expected to surge significantly higher. Predictions include a 15,00% surge after breaking through key resistance levels and could soon surpass $0.85, with the potential to surpass $1.

  • Long-term outlook: Patrick Riley predicts that Ethereum’s downturn could be good for XRP, predicting that XRP will reach around $22 and potentially become a top cryptocurrency.

The “real fun” for XRP is about to begin

Ripple’s native token, XRP, has performed quite well over the past year, with its price increasing by nearly 80% since January 1. Its impressive rise can likely be attributed to the company’s recovery against the United States Securities and Exchange Commission (SEC) and the cryptocurrency industry as a whole.

The asset appears to have lost momentum recently, consolidating around the $0.60 level (according to data from CoinGecko). However, many analysts believe that XRP still has some momentum to make a final push before the end of 2023.

X (Twitter) user Cryptoinsightuk spoke about the XRP/BTC trading pair, predicting that Ripple’s asset will see a jaw-dropping 1,500% surge if it breaks through a significant resistance level, known as the “grey box.”

Dark Defender also shared a bullish forecast, suggesting that if XRP can stay above the $0.56 and $0.52 support levels, it could potentially break above $0.85 by New Year’s Eve.

Will the XRP price really explode next year?

Last but not least, we will focus on the predictions shared by Patrick Riley, the founder of Reaper Financial. The expert predicts that Ethereum will fall in 2024 and describes it as “a dying horse that has been limping for a long time.”

He believes that this potential event could trigger a rally in other tokens, including XRP. More importantly, he expects Ripple’s token to surge to around $22 during the next bull run, even surpassing Bitcoin (BTC) to become the top cryptocurrency.