Wednesday, June 19, 2024
HomeCryptocurrencyXRP to $23? Changelly Sets Potential Timeline

XRP to $23? Changelly Sets Potential Timeline

Changelly, a prominent crypto trading platform, has released a bullish XRP forecast, predicting a price surge to $19.91 by 2032. The firm’s optimistic outlook extends beyond this target, suggesting that XRP could reach as high as $23.46.

XRP holds a unique position as the only altcoin with clear regulatory status in the United States. XRP got clarity after a lengthy legal battle with the U.S. Securities and Exchange Commission (SEC), which saw Ripple come out with three consecutive victories over the regulator.

Read Also: Garlinghouse Says If He Understands XRP Price Dynamics, He Could Resign As Ripple CEO

The favorable regulatory environment combined with strong fundamentals, makes XRP a promising investment with the potential to attain the price target set by Changelly.

XRP’s history is characterized by volatility. A good example occurred in July when Judge Analisa Torres ruled that the sales of XRP to non-institutional investors do not constitute securities offerings. This ruling triggered a massive surge for XRP, sending the token to $0.93. This meteoric price movement sent shockwaves of optimism throughout the crypto industry.

XRP has demonstrated impressive price performance this year. The token is down 0.44% in the last 24 hours and trading at $0.6115 at the time of writing. The refute of fake BlackRock XRP ETF filing caused a price decline following a massive surge. However, XRP is still up 58.26% from last year’s November.

Read Also: Following This Prediction, Wall Street Veteran Anticipates XRP Price Reaction After Ripple Swell

Other Short-Term XRP Price Predictions

Changelly provides predictions for every year till 2032. XRP is expected to close the year with a maximum price of $0.7, bringing it close to its peak after a surge in early November. For 2024, Changelly expects XRP  to trade at $1.03, with a minimum of $0.9978 and a maximum of $1.15.

2025 could bring more gains for XRP enthusiasts, with an average price of $1.50, a minimum of $1.45, and a maximum of $1.76. XRP could cross the $2 threshold in 2026, with an average price of $2.16. The minimum value for the year is $2.08, and the maximum is $2.53.

2027 brings more profit, but 2028 is the year XRP could finally cross its all-time high, according to the predictions. Changelly projects an average price of $4.56, with a minimum of $4.43 and a maximum of $5.18, all well above XRP’s all-time high of $3.84.

<

Many in the crypto community share Changelly’s bullish sentiment for XRP, with experts on Crypto Crossfire, Bitboy Crypto’s crypto podcast, recently debating the possibility of XRP hitting $25.


Follow us on Twitter, Facebook, Telegram, and Google News

Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
RELATED ARTICLES

Latest News & Articles