Following the decision to drop all charges against Ripple by the United States Securities and Exchange Commission (SEC), the presiding counsel over the prolonged legal battle, Judge Torres has signed the case dismissal tendered by the regulatory body against Ripple executives.
The developments above have sparked excitement among XRP enthusiasts and the crypto community at large, as they anticipate an XRP unprecedented surge.
Notedly, the prolonged court case has constantly been spotlighted to be hindering XRP’s price trajectory, as evidenced by most pundits, analysts, and artificial intelligence models.
While the XRP community continues to bask in the euphoria of the big wins recorded against the regulatory body, we thought it wise to inquire into this digital asset price by early 2024.
We were able to gather perspectives on XRP’s price from leading financial experts, and this insight shall reveal what these selected finance specialists think about the token. Do they all foresee a bullish market for XRP come early 2024? Find out.
Gillian Dewar, the Chief Financial Officer (CFO) at the personal finance site, Crediful, believes that XRP’s future price pattern would depend on the coin’s adoption rate among global financial institutions for multinational transactions.
Dewar also pointed out the influence of the broad crypto market, noting that should the market stage a rally, it would definitely influence XRP’s price positively.
Hinting at possible price targets, Dewar highlighted a rise to the $0.6 price level, adding that an increase of more than $1 remains feasible if the conditions he described are tenable.
Personal finance website founder “reallyneedcash.com,” Lauren Yarpei, highlighted the eventuality of the legal battle between the SEC and Ripple as a significant factor that would impact XRP’s price trajectory in a good light.
In addition, the financial expert spotlighted global XRP’s adoption rate and overall crypto market outlook as other factors contributing to the digital asset’s price pattern.
Speaking on possible price targets, Lauren remarked, “Given all of these factors, it is difficult to predict the exact price of XRP at the start of 2024. However, some financial experts believe that XRP could reach a price of $1.50 to $2.00 by the start of 2024.”
Dom Farnell, a co-founder of the investors center, also waded into the discussion on XRP’s possible price inclinations. According to Farnell, XRP still boasts quality that ranks it among one of the best altcoins, noting that in a matter of time, XRP enthusiasts shall be witnessing a new XRP all-time high (ATH).
However, he noted that the token is still in an accumulation phase, and he does not see many price changes for XRP in the future. He projected the crypto asset to continue trading between price levels of $0.5 and $0.6.
At the time of writing, XRP is changing hands at approximately $0.56, boasting a market cap of $29,667,666,953 and a trading volume of $2,666,429,649.
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