As we usher in the new year, crypto traders are keenly eyeing the future of XRP (XRP-USD), with a variety of price predictions for 2024 emerging. It’s important to note that XRP didn’t exactly kick off the year on a high note, currently down nearly 12% at the time of writing. Investors may recall it even plummeted as much as 18% earlier today, marking its worst single-day drop since November 2022.
Let’s not forget that XRP is still a considerable distance from its previous peak of $3.29 per token, achieved in January 2018. As it stands, XRP is trading at approximately 56 cents per token.
So, what do the latest price predictions suggest for XRP’s trajectory in 2024? Let’s delve in.
DigitalCoinPrice leads our coverage with an average 2024 prediction of $1.18 per token for XRP. Following closely is WalletInvestor, which offers a bearish one-year forecast of $0.494 for XRP. Lastly, CryptoPotato presents an extremely bullish price prediction of $27 for the crypto.
These wide-ranging price predictions underscore the difficulty analysts face in forecasting XRP’s future, potentially indicating a turbulent year ahead for investors hoping to profit from trading the crypto.
For crypto investors who also keep tabs on the stock market, there’s more news to digest. We’ve got the latest market news that traders need to be aware of this Wednesday! This includes updates on shares of AST SpaceMobile (NASDAQ:ASTS) and VinFast (NASDAQ:VFS) stock, as well as insights into why stocks are down today. You can catch up on all these developments at the following links!
Let us know what you think, please share your thoughts in the comments below.
