XRP Price Forecast: Potential to Hit $1 Or Dip To $0.45?
Ripple’s native token, XRP, has registered a notable 3.53% drop in the last 24 hours, and the price fell to $0.5315. This healthy leap capped up a market capitalization of $29 billion, thus placing XRP as the seventh largest cryptocurrency.
Analysts believe that XRP could struggle to climb toward $0.6 if the correction continues. On the contrary, bullish action might even see it reclaim the widely anticipated $0.9 and later the $1 level. However, a surge in market pressure due to the loss of current momentum might see prices dip below $0.52, with XRP sinking toward support at $0.5 and possibly toward $0.45. The market’s direction will be the determining factor in XRP’s near-term trajectory.
