CandleFocus

Can the XRP price realistically jump to $10 in 2024?

Author: Content Editor
The XRP price has seen a significant recovery this month, reaching $1.6305 and experiencing a 324% increase from its lowest point in 2021. This surge has pushed its market cap to over $81 billion, surpassing the valuations of major global firms like Deutsche Bank, Marriott International, and BP. Analysts have shared optimistic forecasts for XRP, with some predicting that it could reach $10 during this bull run. Fundamental catalysts such as a potential resolution with the Securities and Exchange Commission (SEC) and a partnership with Archax to launch a tokenized fund on the XRP Ledger have contributed to the positive sentiment. Ripple is also developing RLUSD, a stablecoin intended to compete with other stablecoins like Tether (USDT), PayPal USD, and USD Coin (USDC). Furthermore, there are rumors of Ripple potentially launching an Initial Public Offering (IPO) in the future. While a $10 price for XRP in 2024 seems unlikely, further upward movement to reach previous all-time highs of $1.96 and potentially $5 is possible.

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