#XRP has seen significant growth in 2024, reaching a price of around $2.64 and becoming the third largest cryptocurrency by market capitalization. This growth is due to factors such as progress in the legal case with the SEC, the expansion of the Ripple ecosystem, and the wider technological adoption of the XRP Ledger (XRPL) network.
Looking ahead, technical analysis suggests that XRP could reach between $2.8 and $3.9 by the end of 2024, especially if there is further regulatory clarification and if Ripple continues to expand its financial products. Also, a breakout above the $2.96 resistance could take XRP to higher levels like $4.60. However, there is a risk of a correction to lower levels if it does not break certain critical price thresholds.
However, competition from other blockchains such as Solana and Avalanche may limit XRP's market dominance. Investors are advised to consider partial selling to lock in gains given the possible overvaluation of the market at present.
If you intend to invest, analyze the risks and opportunities in the short and long term, taking into account the volatility of the crypto market.