The post Ripple News: Will XRP Hit an All-Time High This Bull Rally? appeared first on Coinpedia Fintech News
Ripple’s XRP continues to keep up with its spot as one of the leading cryptocurrency tokens in the crypto market in the first quarter by closing at $0.61. Future predictions vary between a potential rise of 20% and a fall of nearly 30%. The subject of debate remains that $XRP will hit an all-time high in this bull rally of 2024.
Ripple Vs SEC Wrangle
Ripple’s recent correction in January 2024 marked a change in the overall game. The key support at the $0.62 level and the falling wedge pattern formation. This has captured the traders’ attention! As the experts predict, the price of XRP might be influenced by the upcoming Bitcoin halving and the outcome of the Ripple Vs SEC lawsuit.
The price of Ripple’s XRP passed through several harsh junctures throughout the first quarter of 2024. The popular X account, Egrag Crypto, mentioned there are two possible scenarios, a crest or a trough. He says that the path to a new all-time high of over $10 is clear but not certain.
The analyst also claimed that XRP was poised for a bull run as it closed more than six monthly candles above the 21 EMA.
What Might Trigger XRP Rally?
The major factors which might fuel an XRP rally include the upcoming Bitcoin halving and the Ripple Vs SEC feud. The most awaited trial is set for April 23 and a win for Ripple might propel an XRP rally in 2024. With significant victories for Ripple in 2023, XRP could expect an all-good future. Ripple Labs is expanding and collaborating, thus driving up the token’s value. The network boasts a supply of 10 billion XRP tokens. XRP’s market valuation could be renewed as it could attract investors’ attention post-Ripple Vs SEC ruling. The token is priced at $0.59 and it could soar by 25.59% by mid-April, 2024.
