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Ripple’s XRP has been trading below the $1 mark for about three years, mainly affected by cases filed by the US Securities and Exchange Commission (SEC). Even during the mini bull run right after Donald Trump’s election, the price of XRP was sluggish, struggling to maintain its price of $0.57. But last November 16, the altcoin reached the price of one dollar after rising by 14.72%.
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One week later, XRP is trading at $1.50, which briefly reached $1.62 last November 23. For many analysts, there is no turning back XRP pricewith one popular Twitter user/X saying that the price will no longer drop below $1.
In a post on Twitter/X last November 23, a millionaire tipster, also known as “Bearable Bull,” predicted that the market would never see XRP fall below $1 again.
We will never see the price of XRP fall below $1 again
– The Bearable Bull (@thebearablebull) November 23, 2024
$1 as a base for XRP to grow further
Ripple’s XRP started the year at $0.61 and over the next few months traded at $0.50 to $0.60. While Bitcoin and other altcoins started rising immediately after Trump’s election, XRP’s price movement remained sluggish.
Just a few days ago, the price of XRP started to move before breaking the $1 level on November 16. The last time Ripple’s XRP held the price was in December 2021, when it fell to $1.96. For many market analysts, the $1 price now serves as a base for consolidation and further growth.
XRP price will not return to $1 – Analyst
The recent XRP price surge has caught the attention of many analysts and market watchers. The Bearable Bull, a popular crypto mentor on Twitter/X, is one such analyst who provided a bold view of XRP’s price movement.
In a Twitter/X post with 94.7k views, Bearable Bull shared that the community will never see XRP reconsider its $1 price. Other analysts shared his view, saying that the token has strengthened its base.
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However, some analysts expressed some caution, saying that it is too early to tell if XRP will no longer fall below $1. Last November 16, XRP reached a high of $1,267. The next day, there was a slight correction in prices, but XRP did not fall below $1.
XRP will soon achieve a market cap of $100 billion. Times are changing.
– John E. Deaton (@JohnEDeaton1) November 22, 2024
Bold predictions about the future price of XRP
Market optimism regarding XRP price performance continues today. Even pro-Ripple lawyer John Deaton expects it to continue its upward trajectory, and expects the currency to reconsider its $100 billion market cap.
I think $XRP It will likely make the new ATH much faster than most people expect – and I think it will outperform both of them significantly $ Bitcoin and $ Ethereum from current levels while doing so.
XRP/ETH has just recovered and retested a 4 year range, the first target was ~250%… pic.twitter.com/fLYlH2GEYB
— Credible Crypto (@CredibleCrypto) November 21, 2024
CreditBULL also expects the digital asset to reach an all-time high soon. He also claimed that XRP could outperform Ethereum and Bitcoin. Based on current price data, it has risen 125% in the past three months, outperforming Ethereum’s 20% increase and Bitcoin’s 51% increase.
Featured image from iExpats, chart from TradingView