How much can XRP goes based on latest growth
XRP has experienced significant growth recently, reaching an high of $3.40 before stabilizing around $3.20. This surge is attributed to positive market sentiment, including expectations of crypto-friendly policies from the incoming U.S. administration and favorable macroeconomic indicators.
Analysts have set a near-term target of $4.40 for XRP, based on technical patterns like the Fibonacci extension. Some projections are even more optimistic; for instance, market analyst EGRAG suggests that XRP could reach $6 by the end of December 2024 and potentially $27 by January 2025, drawing parallels to its performance in 2017.
However, it's important to note that such ambitious targets would require substantial market growth and increased adoption of XRP's use cases in cross-border payments and financial settlements. While the current momentum is strong, investors should approach these projections with caution, considering the inherent volatility of the cryptocurrency market.