XRP has taken the cryptocurrency world by storm with a stunning rally of over 250% in November alone. The digital asset also recently surpassed the $2 level, marking the first time it has climbed this high since 2018.
With the excitement surrounding the final month of the year, Uphold, a prominent crypto exchange, asked the community on X how high the digital asset can climb.
Uphold’s post prompted a flood of community reactions. Many are optimistic about XRP’s potential to reach new highs. One user confidently forecasted a $5 target for the end of 2024, while another predicted $3.43-$5 by January.
Some were more bullish, anticipating even higher gains. One post stated, “$3-$7… hopefully more,” while another suggested XRP could end up between $4 and $5.
The most ambitious projection came from a community member who outlined a detailed case for XRP to reach between $37 and $100. The user pointed to various developments and catalysts, starting with the release of the renamed XRP Unleashed documentary.
He also pointed to the rise of meme coins on the XRP Ledger (XRPL), and RLUSD, Ripple’s stablecoin that will soon launch on the XRPL and Ethereum blockchain. Other notable factors are XRP ETFs and ETPs.
Multiple companies have applied for XRP ETFs, and the WisdomTree XRP ETP recently launched in Europe. These could bring significant attention to XRP, and boost the digital asset’s adoption and price.
He listed many other factors that could aid XRP’s price growth including potential big-name investors, tokenized money market funds, the rumored meeting between Ripple CEO Brad Garlinghouse and Donald Trump, global partnerships waiting for the end of the XRP lawsuit, and more.
With the current Chair of the U.S. Securities and Exchange Commission (SEC) planning to step down by January 20, 2025, experts are convinced that the regulator will drop its lawsuit against Ripple once the new administration takes over.
Others in the community also share the $100 prediction, with one user stating that the digital asset could reach this target by the end of the year. All factors are pointing toward a continued surge, and the digital asset is currently trading at $2.30, following an 18.33% increase over the past 24 hours.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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